Browse content similar to 11/05/2017. Check below for episodes and series from the same categories and more!
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The BBC has seen a copy of Labour's draft manifesto which has been | :00:00. | :00:17. | |
leaked ahead of its publication next week. | :00:18. | :00:21. | |
It includes plans to nationalise parts of the energy industry | :00:22. | :00:44. | |
Shares in the company that owns flat chat plunge. And we going to link to | :00:45. | :00:52. | |
some advice from one of Singapore 's most unusual entrepreneurs. It is a | :00:53. | :01:02. | |
Thursday, everyone. Good morning, Asia and hello, world. What a crash! | :01:03. | :01:15. | |
Shares in Snap, parent company of Snapchat have fallen over 20% in | :01:16. | :01:19. | |
after hours trading on Wall Street. This pitfall comes after they | :01:20. | :01:23. | |
reported losses of over $2 billion US in its first quarterly results. | :01:24. | :01:27. | |
What happened after its redhot share sale in March? Earlier our | :01:28. | :01:32. | |
correspondent told us how it went from being a market darling to being | :01:33. | :01:38. | |
shunned by investors. In the latest earning reports Snapchat has grown | :01:39. | :01:42. | |
by less than 5% which is not enough to keep anyone happy. Revenue has | :01:43. | :01:46. | |
not been high enough and, like you said, they had a huge loss. So while | :01:47. | :01:52. | |
that was big hope that they could provide competition to Facebook in | :01:53. | :01:56. | |
the future on this early evidence, the first real test of their | :01:57. | :01:59. | |
business potential, it seems they have not managed to do that. The bad | :02:00. | :02:09. | |
news is piling up. Any word from the bosses to appease shareholders? One | :02:10. | :02:12. | |
of the investors on their earnings quarter after the results were | :02:13. | :02:18. | |
published was asked if there were any products coming down the line of | :02:19. | :02:21. | |
the already product they could get excited about and quite friendly | :02:22. | :02:25. | |
there was no answer. They have come up with creative and innovative | :02:26. | :02:28. | |
things but nothing too specific. He was also asked whether he was asked | :02:29. | :02:36. | |
-- worried about Facebook. His maiden comparison. Is there just | :02:37. | :02:41. | |
because Yahoo! Put our search engine on its website did not make it | :02:42. | :02:47. | |
Google. The suggestion is that because Facebook is steeling the | :02:48. | :02:50. | |
ideas of Snapchat it does not make it Snapchat. Our correspondent there | :02:51. | :02:59. | |
are in San Francisco. Investors will be keeping a close eye on Japanese | :03:00. | :03:04. | |
car maker listen's results which will be out later today following a | :03:05. | :03:10. | |
dismal performance from its competitor, Toyota. The second | :03:11. | :03:13. | |
largest carmaker in the world saw a drop in full-year profits to $16 | :03:14. | :03:20. | |
billion US. The forecast is for more pain to come with the cost of | :03:21. | :03:24. | |
customer incentives for sales in North America and a strong yen | :03:25. | :03:33. | |
against the US dollar. We have our correspondent explains the | :03:34. | :03:35. | |
challenges that these carmakers are facing. The CEO of Toyota said he | :03:36. | :03:41. | |
senses a sense of crisis at this point. The Japanese automakers are | :03:42. | :03:46. | |
getting pinched at both ends. The yen is crushing their earnings and | :03:47. | :03:51. | |
on the other end key markets like the United States are starting to | :03:52. | :03:55. | |
slow down. Those are traditionally their cash cow markets, so they are | :03:56. | :04:01. | |
getting pinched on both ends. For how much it longer will these cost | :04:02. | :04:07. | |
impact profitability? We should see them rolling to an end here, the | :04:08. | :04:12. | |
impact. The airbag recalls are under control for the time being, there | :04:13. | :04:16. | |
may be a few lingering recalls that over the next few years but the main | :04:17. | :04:20. | |
cost for those has already been booked. That was the order the | :04:21. | :04:29. | |
editor in Japan. At different story for Softbank. Posted their | :04:30. | :04:35. | |
second-best annual profits, with operating profitability for the year | :04:36. | :04:40. | |
rising 15% to $9 billion US. It follows cost-cutting and the rise in | :04:41. | :04:47. | |
subscribers although its US mobile business in the US, Sprint. SoftBank | :04:48. | :04:56. | |
confirms a $5 billion investment in the Uber of China. New data from | :04:57. | :05:02. | |
South Korea shows the jobless rate rising slightly in April to just | :05:03. | :05:06. | |
over Quattro%. This is in the midst of a protracted slump in the | :05:07. | :05:09. | |
manufacturing sector. The new President of South Korea has set a | :05:10. | :05:15. | |
priority to create more than 800,000 jobs in the public sector. Profits | :05:16. | :05:19. | |
at 21st century Fox addict in the first three months of the year, | :05:20. | :05:25. | |
weighed down by flat cable advertising sales and less | :05:26. | :05:28. | |
successful movie releases. The company made about $800 million in | :05:29. | :05:32. | |
profits. 5% down from the same period last year. Has the battle for | :05:33. | :05:40. | |
eyeballs heats up with on demand platforms like Netflix, Amazon | :05:41. | :05:45. | |
Prime, cable TV businesses have a difficult fight on their hands. Here | :05:46. | :05:51. | |
in Asia the largest international TV networks is three times the size of | :05:52. | :05:55. | |
its nearest competitor. As part of our new segment I spoke with the | :05:56. | :06:03. | |
president of Asia-Pacific and the Middle East. It is all about content | :06:04. | :06:07. | |
and having the best content. We are known for this and we have doing it | :06:08. | :06:11. | |
for decades, telling the best stories from around the world beat | :06:12. | :06:15. | |
in the form of TV shows, movies, sport, documentary we have it all. | :06:16. | :06:19. | |
And what we are doing now is bringing that content to our | :06:20. | :06:24. | |
consumers any way they want anywhere they want. Some live, some on | :06:25. | :06:32. | |
demand. The original platform of Fox has been cable. Will there be | :06:33. | :06:35. | |
obsolete and everything shifted to on demand? We believe that cable | :06:36. | :06:44. | |
serves a great purpose. It provides amazing first-time content live to | :06:45. | :06:47. | |
consumers. It provides great brands. It is a question of whether we can | :06:48. | :06:51. | |
now provide that in a user-friendly manner to streaming services. | :06:52. | :06:56. | |
Ultimately you will come down to the content. Our acquisitions the route | :06:57. | :07:04. | |
to challenging competition such as Netflix, Amazon and Google? We | :07:05. | :07:08. | |
leader in this segment but we are open to acquisition. We acquired SBS | :07:09. | :07:14. | |
then sports a few years ago. We back ourselves. Fox is a great way to get | :07:15. | :07:24. | |
new subscribers for new experiences. What other acquisitions are you | :07:25. | :07:28. | |
looking out for the complementary existing service? We are always | :07:29. | :07:33. | |
looking. It could be in production, in delivery, but, really, it is | :07:34. | :07:37. | |
about bringing the best content to our consumers live, be it in or | :07:38. | :07:42. | |
entertainment. What is your vision over the next five years for video | :07:43. | :07:48. | |
on demand or streaming services? It is a great way to reach uncapped | :07:49. | :07:59. | |
audiences. There are hundreds many people who have yet to experience | :08:00. | :08:04. | |
pay television. Thank you so much for joining us. From one CEO to | :08:05. | :08:15. | |
another and one of the best-known entrepreneurs in Singapore started | :08:16. | :08:20. | |
as a hairdresser in London. She has business advice for anyone willing | :08:21. | :08:26. | |
to listen. We joined her one morning for fishing and a bite to eat. | :08:27. | :08:38. | |
Fishing is inspirational for me now. I started fishing in nine years ago | :08:39. | :08:46. | |
and now every morning I want to fish. It brings a passion and | :08:47. | :08:52. | |
excitement in what I want to do. Fishing is a good method for | :08:53. | :08:59. | |
business. When you fish you must be ready. You must be ready with all of | :09:00. | :09:04. | |
your equipment, and your bait, your lower, it must all be well prepared. | :09:05. | :09:11. | |
Thank you for inviting me for breakfast. Welcome. We all have | :09:12. | :09:20. | |
breakfast just behind us. This morning we are having nasi lemak | :09:21. | :09:32. | |
with Chile. I began as a hairstylist and I was wearing all of the things | :09:33. | :09:36. | |
I was used to buy and when I was living in London. People used to | :09:37. | :09:40. | |
tell me that they liked my bracelet, and I would sell it on the spot. I | :09:41. | :09:48. | |
then started selling and importing things from London and that is how I | :09:49. | :09:54. | |
started. And then I got into Doctor Martin shoes and were studied making | :09:55. | :10:00. | |
money once we started selling them. Blue hair. It is unusual in | :10:01. | :10:06. | |
Singapore. What do you say to people who think you are a maverick and | :10:07. | :10:11. | |
that is what has helped to succeed? I always believed that entrepreneurs | :10:12. | :10:15. | |
are delinquents in a way and we cannot take no for an answer and we | :10:16. | :10:20. | |
go for it and do it to improve the people -- prove people they are | :10:21. | :10:29. | |
wrong. Next thing we will enter is farming. We started a catfish farm | :10:30. | :10:33. | |
in Indonesia. Whether it succeeds or not we will just keep getting up and | :10:34. | :10:42. | |
trying again and again and again. Please, bring some fish back to the | :10:43. | :10:47. | |
office! Thank you for joining us. Before we go here is a quick look at | :10:48. | :10:51. | |
the market was in S. Asia is in positive territory at the moment. | :10:52. | :10:56. | |
All markets are up. Thank you for joining us. | :10:57. | :11:09. | |
You are watching BBC News. Our top stories sour - President | :11:10. | :11:10. |