Browse content similar to 08/08/2017. Check below for episodes and series from the same categories and more!
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Wall Street, but what will it take for the rallies to spill over into | :00:00. | :00:00. | |
Asian markets. Mothers milk against formula. Why is the latter a | :00:00. | :00:10. | |
favourite option in Hong Kong? Good morning, Asia. Hello, world. Welcome | :00:11. | :00:13. | |
to another edition of Asia Business Report. It's a Tuesday. My name is | :00:14. | :00:18. | |
Rico Hizon. I am glad you could join us. We start the programme with the | :00:19. | :00:27. | |
markets. The Dow Jones industrial average posting the ninth straight | :00:28. | :00:33. | |
record, finishing the session like this. Much of the gains driven from | :00:34. | :00:40. | |
strong corporate numbers from companies like Apple and others. We | :00:41. | :00:45. | |
will look at is the positive sentiment is filtering through to | :00:46. | :00:49. | |
Asia. Unfortunately not. The Nikkei is flat. The All Ordinaries Index is | :00:50. | :00:57. | |
up a little bit. A mixed day. Earlier, I spoke to an analyst. We | :00:58. | :01:08. | |
are seeing a rotation out of Asia. It has become more attractive as the | :01:09. | :01:14. | |
US dollar has become weaker. There are low funding rates over there. | :01:15. | :01:22. | |
The Federal Reserve is tightening. In the first six months of the year | :01:23. | :01:27. | |
we have seen the US dollar at multi-year highs against the euro, | :01:28. | :01:32. | |
against the Japanese yen, and the pound! Are investors coming in at a | :01:33. | :01:38. | |
time when the dollar is weak so they can buy back into the US markets? | :01:39. | :01:43. | |
That is definitely part of the plan. It shows how much liquidity there is | :01:44. | :01:47. | |
around the world looking to invest the money. It also shows you some of | :01:48. | :01:52. | |
the distortions of the low interest rates are causing around the world. | :01:53. | :01:56. | |
It is not just the US with quantitative easing, it is other | :01:57. | :02:00. | |
areas, including the UK... Asia, several banks have not raised | :02:01. | :02:05. | |
interest rates, but the US has twice this year and there will be a third | :02:06. | :02:09. | |
before the end of the year! Does this not put a cap on US stocks? I | :02:10. | :02:16. | |
don't know about that. As we were discussing earlier, the market could | :02:17. | :02:21. | |
also stay longer than you could stay solvent. There is a lot going to the | :02:22. | :02:27. | |
top spot. Small caps are not performing well around the world. | :02:28. | :02:32. | |
You mentioned irrationality among US investors. President Donald Trump's | :02:33. | :02:36. | |
popularity rating is at a record low. US markets are up. It shows you | :02:37. | :02:43. | |
the effect of the presidency and day-to-day living in the US. It may | :02:44. | :02:49. | |
be that the underlying economy has a bigger impact than what any nuances | :02:50. | :02:53. | |
in the political landscape by shelling. Could the US markets be | :02:54. | :03:02. | |
flavour of the year? -- are showing. I don't see any reason why stocks | :03:03. | :03:06. | |
should be sold at the moment. If it is twice as high in a year from now, | :03:07. | :03:10. | |
we will be saying they look cheap today to be I don't see why they | :03:11. | :03:17. | |
will tap out. Other business news. The world's newsroom del Chan says | :03:18. | :03:21. | |
it will partner with Alibaba to tap into the growing number of Chinese | :03:22. | :03:28. | |
tourists. -- hotel chain. It will allow them to book rooms using the | :03:29. | :03:35. | |
travel website on Alibaba. They can also use Alipay on their | :03:36. | :03:39. | |
smartphones. Chinese tourists will take 700 billion trips over the next | :03:40. | :03:45. | |
five years. Prosecutors in South Korea want a 12 year prison sentence | :03:46. | :03:53. | |
for the Samsung previous CEO, JY lay. They say he was the ultimate | :03:54. | :04:00. | |
beneficiary of the crimes committed in the scanner which brought down | :04:01. | :04:04. | |
the previous president. He denies any wrongdoing. The court will rule | :04:05. | :04:12. | |
later this month. Tesla once $1.5 billion to pay for the introduction | :04:13. | :04:17. | |
of its new Model Three car by selling bonds to investors. That is | :04:18. | :04:21. | |
even though they have $3 billion in cash. They are expected to go | :04:22. | :04:25. | |
through most of their cash this year as they try to produce 100,000 of | :04:26. | :04:31. | |
those mass-market cars. They already have half a million orders for the | :04:32. | :04:37. | |
model, they say. Video streaming giant, Netflix, has made its first | :04:38. | :04:41. | |
acquisition, the Scottish comic book dumped me behind Kickass and | :04:42. | :04:47. | |
Kingsmen. And they specialise in science fiction and fantasy stories | :04:48. | :04:56. | |
similar to Marvel. They paid $100 million for the company as part of a | :04:57. | :05:00. | |
drive to produce more original content. Over to the week-long | :05:01. | :05:08. | |
series around birth. We dig deeper into the debate between | :05:09. | :05:12. | |
breast-feeding and formula milk. In Hong Kong, breast-feeding rates are | :05:13. | :05:19. | |
some of the lowest in the world. The government has set voluntary | :05:20. | :05:22. | |
guidelines limiting formula milk. They spend hundreds of millions of | :05:23. | :05:25. | |
dollars a year promoting their products. Will these guidelines be | :05:26. | :05:30. | |
effective? Here is the BBC's Hong Kong correspondent. Sometimes, | :05:31. | :05:38. | |
professional assistance is needed to help a new mother achieve that | :05:39. | :05:44. | |
perfect latch. Yes, that is correct. This consultant has been teaching | :05:45. | :05:50. | |
breast-feeding for 20 years. It is still an uphill battle. Many | :05:51. | :05:54. | |
breastfeed in hospital, on discharge the rate is very high. But then the | :05:55. | :06:01. | |
rate drops when they go home. This is how many discharge in hospitals. | :06:02. | :06:08. | |
That goes to a third when babies are four-month-old, one of the lowest | :06:09. | :06:12. | |
rates in the world. Globally, this is the average for babies under six | :06:13. | :06:16. | |
months old. One of the reasons for the low rates in Hong Kong is the | :06:17. | :06:19. | |
ubiquitous advertisement for artificial baby milk. Two years ago, | :06:20. | :06:27. | |
formula makers spent $370 million on advertising, nearly as much as the | :06:28. | :06:31. | |
Health Department spent on disease prevention for all ages, according | :06:32. | :06:35. | |
to a group funded by UNICEF. That amount is set to fall after the | :06:36. | :06:40. | |
official launch this summer of a voluntary code that restrict the | :06:41. | :06:44. | |
marketing of infant formula. The top health official in the city says the | :06:45. | :06:49. | |
goal is to protect breast-feeding. If there are problems running this | :06:50. | :06:56. | |
using a voluntary nature, obviously, we will consider whether or not that | :06:57. | :07:00. | |
legislation should be in place. This new mother welcomes the guidelines. | :07:01. | :07:05. | |
She is exclusively breast-feeding her one-month-old baby, but says | :07:06. | :07:13. | |
continuing will be a challenger. It is difficult as a working mother. | :07:14. | :07:19. | |
Maternity leave is just ten weeks. I have to work six weeks after birth. | :07:20. | :07:24. | |
At a pro- breast-feeding event, mothers here agree that short | :07:25. | :07:30. | |
maternity leave, long working hours, and a lack of sleep are all | :07:31. | :07:33. | |
obstacles. They say the new government guidelines will help, but | :07:34. | :07:37. | |
they are far from enough. BBC News, Hong Kong. Joining the conversation | :07:38. | :07:45. | |
on line, tell us whether you think they should be restricted. Moving to | :07:46. | :07:59. | |
technology. Uber or Lyft. They have been on a massive spending spree. | :08:00. | :08:10. | |
This comes as Softbank rose 50% to 4.2 billion US dollars in the three | :08:11. | :08:14. | |
months until June. That is mostly because of gains in US chip designer | :08:15. | :08:26. | |
Nvidia. The owner of Softbank became popular in America because of his | :08:27. | :08:29. | |
meeting with Donald Trump. He is very rich. Will he invest in Uber, | :08:30. | :08:36. | |
Lyft, or both? He is considering both. We don't know which one yet, | :08:37. | :08:45. | |
but he wants to crack that ride market because he has not presence | :08:46. | :08:50. | |
in the US. He has already done so in Asian ride agencies. He even has a | :08:51. | :08:59. | |
big stake in Brazil's 99. The importance of that industry has to | :09:00. | :09:03. | |
do with growth. They are predicted to overtake taxis and be worth | :09:04. | :09:07. | |
nearly $200 billion by 2030, the entire industry. It comes down to | :09:08. | :09:14. | |
this man, the son of Masayoshi. He is a technology entrepreneur who | :09:15. | :09:24. | |
started from small beginnings. He started with Softbank in 1981. Now | :09:25. | :09:29. | |
he is making big bets on an interconnected future. He has bought | :09:30. | :09:37. | |
many companies. The most interesting move he has made is to set up a $100 | :09:38. | :09:41. | |
billion technology fund with Saudi Arabia. This is the world's biggest, | :09:42. | :09:46. | |
a huge amount of money. Through it he is investing in almost every | :09:47. | :09:51. | |
major start-up areas. Summer include the virtual reality company, | :09:52. | :09:59. | |
Improbable, and some others. Some are questioning if he is helping to | :10:00. | :10:03. | |
fuel a tech bubble. Thank you very much. With that we in this edition | :10:04. | :10:09. | |
of Asia Business Report. Thank you for watching. -- we end this. This | :10:10. | :10:17. | |
has been Asia Business Report. Sport Today is up | :10:18. | :10:18. |