Browse content similar to 16/11/2015. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Those are the latest headlines from BBC News. | :00:08. | :00:09. | |
Now for the latest financial news with Sally | :00:10. | :00:11. | |
The stock market is set to open as usual and businesses prove | :00:12. | :00:21. | |
resilient but safe havens like gold and the Japanese yen gain ground. | :00:22. | :00:30. | |
Japan falls back into recession for the second time since | :00:31. | :00:32. | |
France is trying to return to some sort of normality after the attacks | :00:33. | :00:49. | |
The stock market will open as usual this morning | :00:50. | :00:53. | |
and there is expected to be a big drop at the open but most analysts | :00:54. | :01:06. | |
agree that knee jerk reaction will be short lived and a prolonged | :01:07. | :01:09. | |
Public transport should be running as normal today in France, | :01:10. | :01:13. | |
Museums and some other attractions will also open as usual, | :01:14. | :01:17. | |
but more vulnerable sites, such as the Eiffel tower will remain closed, | :01:18. | :01:19. | |
as will Disneyland Paris, which will remain closed until Wednesday. | :01:20. | :01:35. | |
To talk us through the long-term effects on the French | :01:36. | :01:37. | |
economy I'm joined by Yannick Naud, a London based French financial | :01:38. | :01:40. | |
As we have just outlined, as much as possible, France is trying to have a | :01:41. | :01:56. | |
normal week in terms of stock markets and business. It will be | :01:57. | :02:01. | |
business as usual. The stock market will open as it always does. What we | :02:02. | :02:06. | |
have seen from the markets in Asia is that the market is likely to be | :02:07. | :02:09. | |
slightly down but nothing near what could have been estimated early in | :02:10. | :02:17. | |
the weekend. All in all, we think that tourism and transportation | :02:18. | :02:20. | |
should be the most affected in terms of the stock market, maybe luxury | :02:21. | :02:27. | |
and insurance as well but the impact will be small. In terms of the | :02:28. | :02:34. | |
nature of this terrorist attack, it happened well after the markets | :02:35. | :02:38. | |
closed across Europe on Friday, so the whole weekend has taken place | :02:39. | :02:44. | |
and people are digesting what has happened. Why and what the outcome | :02:45. | :02:50. | |
could be on the French economy. That helps, doesn't it? For it to be a | :02:51. | :02:56. | |
more rational response? Exactly. If we consider what happened with the | :02:57. | :03:02. | |
July seven bombings in London and the attacks in March of 2004, those | :03:03. | :03:06. | |
attacks happened in market hours and we saw a sharp market fall in some | :03:07. | :03:13. | |
kind of panic. This is a horrific event but it was after the markets | :03:14. | :03:17. | |
closed and therefore, investors had plenty of time to see what would be | :03:18. | :03:22. | |
rational in terms of investing in the French economy. All in all, the | :03:23. | :03:32. | |
impact is quite small. It cannot be underestimated, also, the response | :03:33. | :03:35. | |
on the part of those around the world, globally but also in France | :03:36. | :03:41. | |
in terms of solidarity. Is anything, businesses are supported in these | :03:42. | :03:56. | |
situations, aren't they -- if? Yes, we often see stronger consumer | :03:57. | :03:58. | |
spending in some resilience when these things happen, because people | :03:59. | :04:05. | |
don't want to be changing their way of life. They think that by spending | :04:06. | :04:12. | |
a bit more, they will do their part for the economy. All in all, it is | :04:13. | :04:19. | |
likely to be not a huge event for the long-term. And it could have | :04:20. | :04:22. | |
been any capital city in Europe or anywhere in the world for that | :04:23. | :04:27. | |
matter. This is a global risk, it is something that cannot be priced in | :04:28. | :04:34. | |
or predicted, therefore it is just something that financial markets, | :04:35. | :04:38. | |
globally, have to get used to. Yes, unfortunately terrorism can happen | :04:39. | :04:44. | |
anywhere. As we have seen this weekend, some of the people were | :04:45. | :04:47. | |
coming from Belgium or Germany, they could come from anywhere in Europe. | :04:48. | :04:53. | |
There could be an industrial accident, these are things you | :04:54. | :04:58. | |
cannot price out in advance. All in all, the impact is quite small. | :04:59. | :05:06. | |
Thank you for coming in. In terms of reactions, markets in Asia opened | :05:07. | :05:11. | |
lower because of what happened. The euro is at a six-month low at the | :05:12. | :05:14. | |
moment against the US dollar and some shares in Asia like airline | :05:15. | :05:20. | |
stocks, for example, are being affected. We will keep across the | :05:21. | :05:24. | |
reaction as it happens in Europe as the day begins here later. | :05:25. | :05:29. | |
Japan's economy slipped back into a technical recession. | :05:30. | :05:33. | |
That's two consecutive quarters of negative economic growth | :05:34. | :05:35. | |
after the economy shrank by almost 1% in the three months | :05:36. | :05:38. | |
Mariko Oi is in our Asia Business Hub in Singapore. | :05:39. | :05:47. | |
It would seem, Abenomics is not doing the trick, talk us through | :05:48. | :05:59. | |
this news? That is definitely what critics of Shinzo Abe's very | :06:00. | :06:03. | |
aggressive economic policies will be arguing after today's figures. The | :06:04. | :06:09. | |
economy shrunk by 0.8% in the most recent quarter. In the previous | :06:10. | :06:16. | |
quarter, it shrank by 0.7% which means two consecutive quarters of | :06:17. | :06:19. | |
negative growth, meaning the economy is back in recession. This is the | :06:20. | :06:24. | |
fourth recession since the global financial crisis and the first since | :06:25. | :06:29. | |
the introduction of Abenomics, so a lot of debate over whether there | :06:30. | :06:32. | |
will be any more stimulus to boost the economy or whether, as Shinzo | :06:33. | :06:40. | |
Abe's supporters would say, the effects would take longer to kick | :06:41. | :06:45. | |
in. There are two main reasons for the contraction of the economy, | :06:46. | :06:50. | |
first Lady, as we always keep talking about, China's slowing | :06:51. | :06:54. | |
growth affects Japan's exporters but also spending by businesses shrunk | :06:55. | :06:59. | |
despite those companies reporting record profits. They failed to pass | :07:00. | :07:04. | |
that on to their employees by raising their wages and they are not | :07:05. | :07:09. | |
really investing just yet. Consumer spending continues to pick up at | :07:10. | :07:13. | |
least, even though the sales tax was raised at the end of the year, which | :07:14. | :07:19. | |
initially affected spending power. Super. Thank you for that news | :07:20. | :07:21. | |
coming out of Japan. If you want to launch a product, | :07:22. | :07:24. | |
start a business, The bank, perhaps, | :07:25. | :07:27. | |
the three F's family friends and fools, if you're lucky or you could | :07:28. | :07:31. | |
ask the whole world to fund it. One of the places to do that is | :07:32. | :07:34. | |
Crowdfunding service Kickstarter. Since its launch in 2009 it's taken | :07:35. | :07:37. | |
payment from 7.8 million backers for projects and it recently passed | :07:38. | :07:40. | |
$2 billion worth of pledges. One of the co-founders is | :07:41. | :07:43. | |
Yancey Strickler and he spoke to the BBC as part of our CEO secrets | :07:44. | :07:45. | |
season about what he'd learnt. Creativity and integrity are | :07:46. | :08:06. | |
everything. It is important to approach each problem and each | :08:07. | :08:10. | |
question and thinking very broadly about all the possibilities and to | :08:11. | :08:13. | |
pursue a solution that you feel proud of, that you feel is right and | :08:14. | :08:21. | |
morally correct. If you take shortcuts, if you tried to do things | :08:22. | :08:25. | |
the wrong way, there is a serious price to pay. You always need to act | :08:26. | :08:29. | |
in a way of which you will be proud. If you do that, I think only the | :08:30. | :08:31. | |
best things can happen. In other news: Africa's biggest | :08:32. | :08:34. | |
mobile company, MTN has until today to pay | :08:35. | :08:35. | |
a $5.2 billion fine from Nigeria. The fine amounts to double MTN's | :08:36. | :08:38. | |
profit last year and was for failing to cut | :08:39. | :08:41. | |
off unregistered mobile users. The boss | :08:42. | :08:43. | |
of the company resigned last week saying it was "in the interest of | :08:44. | :08:45. | |
the company and its shareholders". The company is | :08:46. | :08:48. | |
in talks to reduce the fine. Let's show you how trading is going | :08:49. | :09:04. | |
at the moment. As we mentioned, Asia has some reaction to those events in | :09:05. | :09:10. | |
Paris on Friday. Losses across the board. This is the euro trading | :09:11. | :09:17. | |
versus the dollar and the pound, other currencies, some airline | :09:18. | :09:26. | |
stocks are having a tough time at the moment in anticipation that this | :09:27. | :09:28. | |
will deter people from travelling to Europe from Asia. That is all from | :09:29. | :09:31. | |
us, I will see you soon. The government is to announce new | :09:32. | :09:40. | |
funding for the security agencies MI5, MI6 | :09:41. | :09:42. | |
and GCHQ in next week's Strategic | :09:43. | :09:46. |