:00:00. > :00:00.carrying a knife near the houses of Parliament has been arrested on
:00:00. > :00:07.terrorism suspicions. The 27-year-old was stopped on
:00:08. > :00:17.Parliament Street close to Whitehall.
:00:18. > :00:23.US President Donald Trump has come to the end of his first 100 days in
:00:24. > :00:29.office. We take a look at what he has achieved on the economic front.
:00:30. > :00:34.And profits jump at Google's parent company Alphabet as a search engine
:00:35. > :00:47.continues to dominate digital advertising. Welcome to Asian
:00:48. > :00:50.business report. Saturday marks the 100 days of Donald Trump's
:00:51. > :00:54.presidency. On the campaign trail, he made bold promises of what he
:00:55. > :01:01.would do in his first 100 days in office. But, being the President
:01:02. > :01:04.turns out to be quite different than getting elected. And very little of
:01:05. > :01:09.Mr Trump's plan has been carried out. On the economy, much of what it
:01:10. > :01:12.wants to do relies on getting Congress to work with the White
:01:13. > :01:18.House and that is proving difficult. We have more from New York.
:01:19. > :01:24.As a candidate, Donald Trump had ambitious plans for the economy in
:01:25. > :01:31.his first 100 days in office. I am asking the American people to dream
:01:32. > :01:40.big once again. What follows is my 100 day action plan to make America
:01:41. > :01:43.great again. But things that require action by Congress have stalled.
:01:44. > :01:48.Obamacare, not repealed. The tax code, not reformed. Even so,
:01:49. > :01:54.President Trump has seen the economy thrive. The domestic economy is
:01:55. > :01:58.good. Regardless of what Trump's policies are, they are going to take
:01:59. > :02:03.time to implement and that's why I think you see a period in the first
:02:04. > :02:07.year, even forget the 100 days, you have seen periods where the market
:02:08. > :02:11.moves are consolidates and then moves up again. That is a very good
:02:12. > :02:18.and healthy way to the market to move. Consumer confidence has risen
:02:19. > :02:23.and go to as business confidence. And, crucially, stock markets are up
:02:24. > :02:30.as well. The S 500 has risen over 5% as investors being convinced that
:02:31. > :02:33.President Trump will deliver for corporate America. They have a
:02:34. > :02:39.checklist of items that they want to pursue to get to the GDP growth of
:02:40. > :02:44.3.5%. That is the number they throw out there. Implicitly, they premise
:02:45. > :02:51.that grows on the idea of tax cuts mainly as well as infrastructure
:02:52. > :02:56.that. They have a lower legislating to do between now and the mid-term
:02:57. > :03:01.elections next year. President Trump has not been able to change much in
:03:02. > :03:06.the economy in 100 days. And if he does not bring change soon, the high
:03:07. > :03:07.hopes that are really fuelling economic activity, well, that may
:03:08. > :03:19.start to stall. Shares of Google's parent company,
:03:20. > :03:24.Alphabet 's sword over 4%. That was it reported a 29% in quarterly
:03:25. > :03:30.profits to over $5 billion. It is driven by advertising on mobile and
:03:31. > :03:35.its popular YouTube video servers. The firm is now worth more than $600
:03:36. > :03:42.billion and there are concerns that that may be too big. Google controls
:03:43. > :03:45.about 88% of the online search advertising market and some argue
:03:46. > :03:48.that Google, as well of other tech giants such as Facebook and Amazon
:03:49. > :03:54.are operating as monopolies. Amazon also just reported a 41% boost in
:03:55. > :03:57.its quarterly profit another thanks to strong sales at its cloud
:03:58. > :04:02.computing businesses. So, should these companies be broken up is to
:04:03. > :04:07.make here is a view from an industry analyst. In the conventional sense
:04:08. > :04:12.you have to say that certainly in the search advertising area,
:04:13. > :04:15.Alphabet, Google is clearly a monopoly but it does not have all
:04:16. > :04:19.the characteristics of traditional monopolies. There is still some
:04:20. > :04:23.contestability around search markets. For example, if you want to
:04:24. > :04:29.find out about a medical condition you may go to wear them the grey
:04:30. > :04:33.suit rather than go to Google. It also still remains very innovative,
:04:34. > :04:37.so they are not battening down the hatches and price gouging. They are
:04:38. > :04:43.still putting money into innovative activities, particularly in areas
:04:44. > :04:48.that run at a loss. What is it then say about the tech industry that in
:04:49. > :04:52.one mere decade the largest firms by market cap have all changed, save
:04:53. > :04:58.for one, and that is Microsoft. But now you have, Alphabet, apple,
:04:59. > :05:03.Amazon, are they too big? I think they need to remain under scrutiny.
:05:04. > :05:07.I know that the European Commission is investigating Alphabet at the
:05:08. > :05:10.moment for some of the practices it is doing. Conventionally, you would
:05:11. > :05:15.have to say yes. They really are dominating the segment that they are
:05:16. > :05:19.in. Amazon is now up to about 50% of the e-commerce market in the United
:05:20. > :05:24.States, locking out a lot of traditional retailers as long as
:05:25. > :05:29.online rivals but again it is not a haven in a traditional monopolistic
:05:30. > :05:34.way of price gouging. Consumers still get a good deal from Amazon as
:05:35. > :05:38.to Google 's customers. Prices there are actually going down and they are
:05:39. > :05:44.investing in innovation and offering better services and profits to their
:05:45. > :05:47.customers. Using the companies will sustain these earnings? I think
:05:48. > :05:51.Alphabet will for some time yet. Both of them are in a strong
:05:52. > :05:55.position, the do we mention. Amazon is as well. They have huge
:05:56. > :05:59.opportunities for global expansion beyond the United States and a few
:06:00. > :06:04.other key markets it is in. They do need to be scrutinised by regulators
:06:05. > :06:11.very carefully. As he spoke about, Amazon is marching overseas that
:06:12. > :06:15.March is taking a toll on Yahoo! Japan. The company shares dropped
:06:16. > :06:18.10% on Thursday after warning it would raise its marketing budget by
:06:19. > :06:24.nearly 50% and that says it struggles to compete with Amazon,
:06:25. > :06:28.the US online retailer has been investing heavily in Japan including
:06:29. > :06:34.splurging on warehouses and robots to launch an Amazon prime servers.
:06:35. > :06:38.Staying with earnings and first-quarter profit at Chinese
:06:39. > :06:41.Internet giant Bai Du wrote about 7% from the previous year but the
:06:42. > :06:44.company is warning that earnings in its current order would be less than
:06:45. > :06:52.expected because of restructuring cost. Bai Du shares fell on that
:06:53. > :06:56.warning. Nintendo expects to sell 10 million units of its new Switch game
:06:57. > :07:04.console over the next year, beating big on the follow-up to its poor
:07:05. > :07:07.selling prior unit. They issued the forecasters they reported earnings
:07:08. > :07:11.that jumped sixfold. That is due to the sale of a major stake in the
:07:12. > :07:17.Seattle Mariner's baseball team, worth over $600 million. Samsung
:07:18. > :07:21.Electronics is staying with the status quo. The biggest electronics
:07:22. > :07:25.firm in South Korea has decided not to adopt a holding company structure
:07:26. > :07:28.like many other South Korean conglomerates, Samsung has a complex
:07:29. > :07:33.web of cross shareholdings. It has been under pressure by lawmakers and
:07:34. > :07:38.investors to streamline its ownership structure. Samsung says
:07:39. > :07:46.changing to a holding company now would affect its competitiveness and
:07:47. > :07:49.be a drag on operations. Now one of the quieter onto the nerves in
:07:50. > :07:53.Australia is the first to admit that is longer young and that it is
:07:54. > :08:01.getting harder to stay hip in the business. That is exactly what he is
:08:02. > :08:06.doing. As the founder of the 1980s surf wear brand Mambo and now Deus!
:08:07. > :08:08.An hour, he sat down to write to whip with our reporter for a
:08:09. > :08:19.serious, busy but reckless. You can print at Reckitt up as you
:08:20. > :08:31.go along. If I want to do something, I will do it.
:08:32. > :08:38.When I started Mambo there was a lot of art, a lot of attitude and
:08:39. > :08:44.opinions. We always said the polarisation was our key marketing
:08:45. > :08:50.strategy. Half the people hate you, half the people hate you. A bit like
:08:51. > :09:03.that you might come true. -- a bit like a virgin might. -- a bit like
:09:04. > :09:07.Vegemite1. You seemed like when people tell you you can't do
:09:08. > :09:11.something. When people say you can't, that is a good reason to
:09:12. > :09:13.start doing it. If you can make it work, it will be yours, it will be
:09:14. > :09:31.your idea. Singh tour is being a dad, I have a
:09:32. > :09:35.15-year-old son who does not care what I do. He rejects everything I
:09:36. > :09:41.do. You are not cool to your own fun? He would never sell me that.
:09:42. > :09:46.When I said I might sell Deus Ex Machina you wanted to know why I
:09:47. > :09:49.would do that. People have an idea that Australian business is all
:09:50. > :09:53.about going to the beach, hanging out, having a few copies. Is it
:09:54. > :10:00.harder than that? Of course. Business is a business. The wind of
:10:01. > :10:08.economic reality blows as hard in Australia as any where. You need to
:10:09. > :10:11.watch it but we put in a lot of effort to give the impression that
:10:12. > :10:17.we are just some fellows having a go. That was Dare Jennings they're
:10:18. > :10:24.having a relaxed breakfast. Look at look at the market now. Tokyo stocks
:10:25. > :10:27.have opened flat staying muted ahead of the Golden week holiday in Japan
:10:28. > :10:30.although we do get some economic indicators in Japan that largely met
:10:31. > :10:32.expectations. That is for this