Browse content similar to 18/07/2017. Check below for episodes and series from the same categories and more!
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Some head-teachers have warned of staff cuts to make ends meet. | :00:00. | :00:00. | |
Labour's welcomed the extra money, but says it's not enough. | :00:00. | :00:00. | |
Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:20. | |
Netflix beats expectations by adding more than 5 million new users, but | :00:21. | :00:26. | |
what about the bottomline? And, Grexit talks. The European Union is | :00:27. | :00:42. | |
asking for one thing, clarity. Good morning, Asia, hello, world. I'm | :00:43. | :00:53. | |
glad you could join us. Netflix beat Wall Street expectations after | :00:54. | :01:00. | |
adding over 5 million new users, mostly from overseas. It has been | :01:01. | :01:06. | |
put down to including non- English Netflix Provisionals are alongside | :01:07. | :01:12. | |
its Western popular television shows. It's shares have jumped | :01:13. | :01:19. | |
nearly 9%. Our North American technology reporter told me why | :01:20. | :01:28. | |
investors are so up the. This is typically not a great quarter for | :01:29. | :01:32. | |
them, normally it is quite slow and they told investors as much. But we | :01:33. | :01:39. | |
have seen a huge growth in users, particularly in the US. You | :01:40. | :01:43. | |
mentioned overseas subscriber growth, but hearing the US, they | :01:44. | :01:48. | |
over 1 million new subscribers, much more than analysts had thought. They | :01:49. | :01:54. | |
will be very pleased. It is a sign that their strategy of creating lots | :01:55. | :01:57. | |
of original shows does seem to be working. But they must keep on | :01:58. | :02:02. | |
making those, and to keep them very popular, they are investing $6 | :02:03. | :02:06. | |
billion in making original programmes over the next year. They | :02:07. | :02:12. | |
need to keep up the quality to keep people coming to Netflix, rather | :02:13. | :02:15. | |
than any of the other video streaming services. 104 million | :02:16. | :02:22. | |
subscribers now for Netflix. Have these subscriber numbers peaked, or | :02:23. | :02:27. | |
are there still more on the way? I think we will see a saturation here | :02:28. | :02:32. | |
in the US. Many people think we have reached that already. It's's about | :02:33. | :02:37. | |
international expansion. They are investing a lot into non-English | :02:38. | :02:42. | |
programming. They are also investing in feature films, while they have | :02:43. | :02:47. | |
the bench watching the side of television under wraps, they are | :02:48. | :02:51. | |
looking at longer form films. They are working on about 40 films at the | :02:52. | :02:55. | |
moment. I think that is where they will see their future growth come | :02:56. | :02:59. | |
from. But the competition is huge, especially from Amazon, who are | :03:00. | :03:04. | |
investing just as much in their original programming because they | :03:05. | :03:08. | |
think they can muscle in on Netflix. When you compare the amount of | :03:09. | :03:12. | |
people watching Netflix, subscribing, it is more than the | :03:13. | :03:16. | |
number of people that subscribe to traditional cable television. That | :03:17. | :03:20. | |
is a milestone I don't think we will see goal in the reverse direction. | :03:21. | :03:23. | |
Everything is heading towards this new industry of video streaming, | :03:24. | :03:29. | |
right now, Netflix was in front. But it may not be for the rest of time. | :03:30. | :03:34. | |
Rio Tinto have aborted one of its primary areas of production. I nor, | :03:35. | :03:49. | |
a major contributor to its earnings, matched last year's levels, but | :03:50. | :03:55. | |
shipments were down by 6%. That has followed a typhoon in the first | :03:56. | :03:59. | |
quarter of the year. This resource analyst told me that there were no | :04:00. | :04:02. | |
surprises that that would affect their upcoming earnings report. I | :04:03. | :04:13. | |
and all was down about 2% on the same half last year. That is on the | :04:14. | :04:21. | |
back of what we would call cyclones here, which affected magnets on | :04:22. | :04:24. | |
their rail network. Rail maintenance can be made up, but some of its | :04:25. | :04:33. | |
kindly. We have now seen production for 2000 and 1714 and about 30 | :04:34. | :04:39. | |
million tons. That is at the bottom end of the range they were | :04:40. | :04:43. | |
forecasting. From an iron ore perspective, a fairly satisfactory | :04:44. | :04:50. | |
result. Copper was down about 21% at 209 million tons, that was primarily | :04:51. | :04:56. | |
on the back of a strike. Not such a good result for cop. 12 weeks to go | :04:57. | :05:02. | |
before the year ends, figures coming out in August. Could we see some | :05:03. | :05:09. | |
exceptional numbers? With the half-year result, the operational | :05:10. | :05:12. | |
side will not impact significantly on their half-year result, | :05:13. | :05:16. | |
financially. We do think that when you have a look at the commodity | :05:17. | :05:20. | |
prices, that is where they are going to get significant leverage for | :05:21. | :05:24. | |
their first half results. We are expecting some very good numbers. | :05:25. | :05:29. | |
Unfortunate, volumes will take a little bit away. Pricing is going to | :05:30. | :05:34. | |
be the reverse of what we have seen in many years. | :05:35. | :05:37. | |
In other headlines, the Trump administration has outlined calls | :05:38. | :05:43. | |
for renegotiating the North American Free Trade Agreement. Getting access | :05:44. | :05:49. | |
for American products to Canada and Mexico to improve the trade deficit. | :05:50. | :05:53. | |
They are worried that too many Americans have been hurt by closed | :05:54. | :05:58. | |
factories, exported jobs and what they call broken political promises. | :05:59. | :06:03. | |
Formal talks to renegotiate the deal are expected to begin next month. | :06:04. | :06:09. | |
Ministers from the EU and the UK have been getting down to business. | :06:10. | :06:14. | |
Wretched negotiations continue in Brussels. The clock is ticking for | :06:15. | :06:18. | |
the deadline in March 2019 for Britain to leave the EU. Several | :06:19. | :06:24. | |
issues are on the agenda. Number one, the rights of more than 3 | :06:25. | :06:29. | |
million EU citizens, currently living in the UK, and about 1 | :06:30. | :06:34. | |
million living in the EU. -- 1 million Britons. The British | :06:35. | :06:41. | |
chancellor confirmed that Britain would honour its's debt. And | :06:42. | :06:51. | |
finally, how they will address the traffic of people across borders. | :06:52. | :06:59. | |
So, a mixed bag. You can see hear how that has affected the markets. I | :07:00. | :07:08. | |
asked why this response has been so muted. Investors don't really like | :07:09. | :07:14. | |
uncertainty, so until we get a resolution, you always have this | :07:15. | :07:19. | |
hanging over the market. The UK is an outstanding geopolitical issue. | :07:20. | :07:22. | |
We still have the US and potentially, trade tax against the | :07:23. | :07:28. | |
Chinese. GDP was up yesterday, and the UK, EU and US markets shrunk | :07:29. | :07:38. | |
back. We look at flows, there is still a somewhat negative sentiment | :07:39. | :07:42. | |
towards China. That is correct. A lot of factors for investors to | :07:43. | :07:46. | |
digestive. Even though we had better than expected growth. What could | :07:47. | :07:53. | |
really turn the tide in these Brexit negotiations? Perhaps some kind of | :07:54. | :08:03. | |
trade agreement. We saw a trade agreement in terms of the Japanese, | :08:04. | :08:08. | |
but that took years to be finalised. We need some agreements like that | :08:09. | :08:13. | |
from an economic perspective to alleviate some of the tension and | :08:14. | :08:18. | |
perceived stress. Why are we seeing is doubt about the Chinese economy, | :08:19. | :08:26. | |
despite 6.9% growth? I think it is concerned about the underlying debt | :08:27. | :08:30. | |
situation. The people's Congress is going to be important to the | :08:31. | :08:37. | |
Chinese. Investors did not take the news positively. And liquidity | :08:38. | :08:46. | |
access in China and Hong Kong? Yes, it is a wait-and-see approach. Given | :08:47. | :08:53. | |
all these landmines in the investment landscape, where do you | :08:54. | :08:56. | |
tell your investors to put their money? The Chinese consumer, it | :08:57. | :09:04. | |
makes a lot of sense, companies that can access strategies in China. | :09:05. | :09:07. | |
Chinese companies are becoming more innovative. Some very good | :09:08. | :09:10. | |
opportunities in that part of the market. Uber is facing more trouble, | :09:11. | :09:23. | |
they are halting business in Macau as of Saturday because of local | :09:24. | :09:29. | |
regulations. It faced problems in Taiwan earlier in the year, it | :09:30. | :09:36. | |
suspended operations but resumed after setting up a partnership with | :09:37. | :09:42. | |
a local company. Another recap of the markets. Japan and Australia are | :09:43. | :09:46. | |
in negative territory because Chinese markets are depressed. We | :09:47. | :09:51. | |
will watch how that welfare when it opens in about 45 minutes. Black | :09:52. | :09:58. | |
Monday yesterday, nearly 500 shares suffered steep falls. The plunge | :09:59. | :10:05. | |
came after regulators flagged an extended crackdown on the financial | :10:06. | :10:09. | |
system. Investors were rattled even though China had better than | :10:10. | :10:16. | |
expected growth numbers, 6.9% in the April- June quarter. The rest of | :10:17. | :10:20. | |
Asia is currently in negative territory. Having a look now at Wall | :10:21. | :10:24. | |
Street. The NASDAQ continues to break record highs for an eight | :10:25. | :10:31. | |
consecutive session. Thank you for investing your time with us. | :10:32. | :10:40. | |
Senior Russian and US officials have been locked in talks, | :10:41. | :10:44. | |
over whether to hand back two diplomatic compounds seized | :10:45. | :10:46. | |
by the Obama administration last year. | :10:47. | :10:50. |