Browse content similar to 14/12/2015. Check below for episodes and series from the same categories and more!
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Business live, from the BBC, with Ben Thompson and Sally Baldock, | :00:09. | :00:14. | |
president Barack Obama hails the climate deal as a turning point, but | :00:15. | :00:18. | |
at the cost of billions of dollars, can the agreement ever succeed? Live | :00:19. | :00:20. | |
from London, that is the top story. Nearly 200 countries agree a | :00:21. | :00:45. | |
landmark deal to cut emissions but how will it affect business and is | :00:46. | :00:50. | |
there the collective will to put that theory into practice? We will | :00:51. | :00:52. | |
have those questions answered shortly. Also, can you feel the | :00:53. | :01:01. | |
Force? Disney certainly can. They are expecting to make hundreds of | :01:02. | :01:04. | |
millions of dollars from the latest Star Wars movie. And the | :01:05. | :01:11. | |
rollercoaster has begun. Asian markets were headed lower. Europe is | :01:12. | :01:17. | |
going higher. What will they do this week? And making millions out of | :01:18. | :01:34. | |
mixers. The boss of Fever Tree joins us. And as the interest rates creep | :01:35. | :01:39. | |
up, we want to know whether America will raise the cost of borrowing for | :01:40. | :01:42. | |
the 1st time since 2006. Let us know. | :01:43. | :01:56. | |
It is a packed programme. A very warm welcome. As the dust settles on | :01:57. | :02:07. | |
the landmark climate deal in Paris, businesses are assessing how it will | :02:08. | :02:10. | |
impact their operations. 200 countries took part in the | :02:11. | :02:16. | |
negotiations, striking the 1st deal to commit all nations to cut | :02:17. | :02:21. | |
emissions. As Ms leaders have already called for more action, the | :02:22. | :02:26. | |
Confederation of British industry called for an environment that | :02:27. | :02:29. | |
enables investment in clean, secure energy. The climate group and | :02:30. | :02:38. | |
business partners called it a victory for science and division | :02:39. | :02:43. | |
which calls time on the fossil fuel age. Barack Obama said the deal is | :02:44. | :02:50. | |
the best chance we have to save the 1 planet we have, which could be a | :02:51. | :03:00. | |
turning point. And China and India hailed the deal. Campaigners said | :03:01. | :03:04. | |
this did not go far enough. Friends of the Earth urged that energy | :03:05. | :03:11. | |
efficiency and renewable power efficiency and renewable power | :03:12. | :03:15. | |
should form the backbone. Some politicians have undermined | :03:16. | :03:23. | |
investment in these areas. Let's take you to Mumbai. This historic | :03:24. | :03:30. | |
deal being hailed as something which will make a huge difference. India | :03:31. | :03:37. | |
were pushing for a differentiation between emerging economies and | :03:38. | :03:44. | |
developed. More help for emerging economies in terms of looking for | :03:45. | :03:50. | |
alternative sources. That is what the Indian government seem pleased | :03:51. | :03:55. | |
about, they said there were no winners or losers in Paris. The | :03:56. | :03:58. | |
Environment Minister said what they are extremely satisfied with is the | :03:59. | :04:03. | |
differentiation in the wording of the deal for developed countries. | :04:04. | :04:15. | |
India needs to burn coal for it to grow. But they have committed to | :04:16. | :04:23. | |
doing is reducing the intensity with which these will grow. Not everyone | :04:24. | :04:29. | |
is happy. Lots of campaigners said this was a week and unambitious | :04:30. | :04:37. | |
deal. They are saying it is discharging developing countries of | :04:38. | :04:40. | |
their historic responsibilities. They say from 1965 until 2014 India | :04:41. | :04:51. | |
only contributed 3% of greenhouse emissions, whereas the US has more | :04:52. | :05:02. | |
of a responsibility. Developing countries have gained from this. | :05:03. | :05:11. | |
What our businesses saying about what will change for them? How will | :05:12. | :05:21. | |
they respond to this? It is about a source of power. The big plan the | :05:22. | :05:30. | |
government has, they said they have set out $2.5 trillion. People are | :05:31. | :05:36. | |
talking about hundred billion dollars of funds. It does not seem | :05:37. | :05:45. | |
to be enough and there is not a proper road map. Business leaders | :05:46. | :05:58. | |
have recognised the responsibility, 1 of the biggest IT companies in the | :05:59. | :06:03. | |
country have said they recognise responsibilities but there are needs | :06:04. | :06:11. | |
to be gradual. They cannot stop it cutting emissions any time soon. | :06:12. | :06:21. | |
Thank you very much. Other stories, starting with Twitter, which has | :06:22. | :06:28. | |
sent warnings to number of users that their accounts have been hacked | :06:29. | :06:31. | |
by what they as state-sponsored actors. The Chinese and North Korean | :06:32. | :06:40. | |
governments are believed to be responsible. Business confidence | :06:41. | :06:49. | |
held steady. Some fear that it will not last. The bank of Japan has | :06:50. | :06:56. | |
shown that major companies stood at plus 12. | :06:57. | :07:01. | |
nationalising the nuclear submarines business of Rolls-Royce, according | :07:02. | :07:09. | |
to the Financial Times, it is worried that the whole company could | :07:10. | :07:12. | |
be vulnerable to a takeover bid from a foreign investor despite | :07:13. | :07:16. | |
safeguards put in place when it was privatised in 1987, it is still | :07:17. | :07:21. | |
concerned about who may end up servicing the country's nuclear | :07:22. | :07:21. | |
submarines. And the live bait, a couple here, | :07:22. | :07:33. | |
one about the deposed move of HSBC, certainly, the rumoured move of | :07:34. | :07:37. | |
whether the bank could move its headquarters, many expect that it | :07:38. | :07:42. | |
would move to Hong Kong, HSBC, as it points out, making 80% of its | :07:43. | :07:48. | |
profits in Asia. The bit of a giveaway! Where might they be | :07:49. | :07:52. | |
thinking? Possibly Canada is one option, considering moving the | :07:53. | :07:59. | |
headquarters, where will it move. I wonder what the staff are thinking | :08:00. | :08:03. | |
about all of this. Hong Kong or Canada? I think that I would choose | :08:04. | :08:06. | |
Canada... Get in touch, if you live in Hong | :08:07. | :08:15. | |
Kong, or Canada. Which one would be better. A quick look at | :08:16. | :08:22. | |
stories here, this picture there, Peppa the Pig, which owns | :08:23. | :08:29. | |
entertainment one, its shares are down 20%, at the same monthly | :08:30. | :08:31. | |
interest payments would be down. I have watched it... It is great. | :08:32. | :08:47. | |
You have a Nice, she is very cute. China has been making the headlines | :08:48. | :08:55. | |
for all of the wrong reasons. A glimmer of hope when it comes to the | :08:56. | :09:06. | |
Chinese growth story. Good economic data out of China over the weekend. | :09:07. | :09:10. | |
Retail sales, strongest game this year, fixed asset investment, | :09:11. | :09:15. | |
beating market expectation, it shows that all of these stimulus measures | :09:16. | :09:19. | |
that the Chinese government rolled out over the past year to prop up | :09:20. | :09:23. | |
the world's second-largest economy may finally be working. We six | :09:24. | :09:28. | |
interest rate cuts since last year, and most of those investment, just | :09:29. | :09:35. | |
last week, Friday, the economy is slowing, growth will fall to its | :09:36. | :09:36. | |
slowest pace this positive data has eased some of | :09:37. | :09:38. | |
the worries, China anticipated, analysts are still | :09:39. | :09:53. | |
hoping for even more measures from China. Good to see you, thank you | :09:54. | :09:57. | |
for the update on China. Did not help markets across Asia, and | :09:58. | :10:00. | |
closing down, at one point it was down 3% today, Hong Kong also lower, | :10:01. | :10:07. | |
that is the close in the US on Friday. Jitters about the Fed 's | :10:08. | :10:17. | |
decision this -- midweek setting in. The oil price is continuing to | :10:18. | :10:22. | |
retreat. Let's look at Europe, let's not forget, European markets have a | :10:23. | :10:26. | |
pretty torrid Friday, ending the week 4% lower, some of the markets, | :10:27. | :10:28. | |
as you can see, a bit of a bounce back across the board in Europe, | :10:29. | :10:35. | |
various companies coming up with announcements, among them, | :10:36. | :10:37. | |
AstraZeneca, saying that they are in talks with an over-the-counter trug | :10:38. | :10:42. | |
developer in the United States. Corporate new is out there today. | :10:43. | :10:46. | |
Let's look ahead to what is going on on Wall Street. Last week the US | :10:47. | :10:52. | |
market was hit with its worst weekly loss since the | :10:53. | :10:57. | |
question, how will the markets respond this week, especially with | :10:58. | :11:00. | |
the Fed's looming interest rate decision on Wednesday, there will be | :11:01. | :11:04. | |
a whole host of economic data for investors to take him, figures out | :11:05. | :11:08. | |
Tuesday are likely to show that consumer price has increased, only | :11:09. | :11:16. | |
slightly, and analysts predict industrial production data will show | :11:17. | :11:18. | |
that it has dropped for the third straight month in November. And a | :11:19. | :11:23. | |
pharmaceuticals Chief Executive is going to hold a meeting for hundreds | :11:24. | :11:29. | |
of investors on Thursday, Canadian company's stock -based world drops | :11:30. | :11:34. | |
after under scrutiny, for billing practices at a specialty pharmacy | :11:35. | :11:36. | |
and for hiking up prices. She will be speaking about Star Wars | :11:37. | :11:44. | |
for us later. Richard Hunter has joined us, head of equities, let's | :11:45. | :11:49. | |
talk Fed, because finally, we are in that week, we will question whether | :11:50. | :11:55. | |
the cost of borrowing will be raised by the US, but it is coming at a | :11:56. | :11:59. | |
time when we have seen such volatility, not least with | :12:00. | :12:02. | |
commodities markets. Pretty weak market, last week, as we were just | :12:03. | :12:08. | |
mentioning, a lot of that down to commodities prices, the main culprit | :12:09. | :12:13. | |
was probably oil, a massive global glut, Opec said a couple of weeks | :12:14. | :12:16. | |
ago that it will continue at production level, there is more due | :12:17. | :12:21. | |
on stream next year, around 40 bucks a barrel, some people are beginning | :12:22. | :12:25. | |
to question whether it is viable to continue to do that, and get stuff | :12:26. | :12:31. | |
out of the ground. All of that is deflationary, that is not the | :12:32. | :12:34. | |
environment where we would be looking to raise interest rates, | :12:35. | :12:37. | |
that being said, the US is the world biggest economy, and there is | :12:38. | :12:41. | |
probably a 75% chance at least that we will see some kind of like when | :12:42. | :12:44. | |
they make the announcement late in the week. Can they afford to not | :12:45. | :12:55. | |
change rates? They cannot. In September, they did not actually | :12:56. | :13:00. | |
make any announcement at that point, just to put it into perspective, the | :13:01. | :13:04. | |
most important thing comes next year, because the likelihood of an | :13:05. | :13:10. | |
interest rate hike is not going to be a big one, it is a more -- it is | :13:11. | :13:16. | |
more of a gesture, we will turn attention to how many hikes we will | :13:17. | :13:19. | |
see next year, current market consensus, anywhere between two and | :13:20. | :13:24. | |
four. Underneath all of that, the Fed have said, this will be a | :13:25. | :13:27. | |
gradual game, the last thing they want to do is not only derailed | :13:28. | :13:30. | |
their own economic recovery but also send shock waves around the world to | :13:31. | :13:37. | |
other countries. Who have debts denominations in dollars. Thank you | :13:38. | :13:38. | |
very much. Coming up: making millions out of | :13:39. | :13:50. | |
mixers, the boss of Fever Tree its air to persuade you and me that his | :13:51. | :13:54. | |
tonic walk water is the only one to drink this party season. | :13:55. | :14:01. | |
We have talked a lot about the slump in commodities prices but the big | :14:02. | :14:09. | |
question, where does that leave the megamerger between BG and shell, it | :14:10. | :14:13. | |
seems that a shareholder vote is all that stands in the way of a deal to | :14:14. | :14:17. | |
create the biggest listed company in Britain, but does it still make | :14:18. | :14:20. | |
financial sense, with oil below $40 a barrel at the moment? Simon Jack | :14:21. | :14:28. | |
is in the business newsroom. It has changed a lot since that initial | :14:29. | :14:32. | |
deal, discussions of a deal, on the radar between Shell and BJ. | :14:33. | :14:37. | |
Interesting other commodity belt can scupper the best laid plans of some | :14:38. | :14:41. | |
senior management, as you would say, making one of the biggest companies | :14:42. | :14:45. | |
in the UK. This is when the deal was announced, big increase in price, | :14:46. | :14:53. | |
look how fortunes are closely linked, mirroring each other's | :14:54. | :14:57. | |
moves, the shares combining, the boss of shell himself, last year, | :14:58. | :15:02. | |
said that this deal only makes sense with oil at $67 a barrel or higher, | :15:03. | :15:09. | |
currently, it is below 40. One major shareholder this morning told me | :15:10. | :15:13. | |
that he is not happy in voting for this unless they come up with | :15:14. | :15:16. | |
something else because on the current, the way that this deal is | :15:17. | :15:19. | |
active, it does not make any financial sense. The Chinese | :15:20. | :15:22. | |
regulator gave this the green light, but it will not be the regulator | :15:23. | :15:26. | |
that is the obstacle to getting this megamerger done, it is the | :15:27. | :15:30. | |
shareholders themselves, based on the say-so of the Chief Executive of | :15:31. | :15:36. | |
shell. That story changing all of the time. | :15:37. | :15:44. | |
There is a timely story in the Guardian looking at the closure of | :15:45. | :15:53. | |
the last remaining coal mine in Yorkshire. Particularly timely given | :15:54. | :15:57. | |
the news we've heard about the climate change talks. Paul was once | :15:58. | :16:05. | |
dominant industry. It is very easy to romanticise, this article says, | :16:06. | :16:10. | |
in an industry that was hard on the environment and the people who | :16:11. | :16:17. | |
worked on it. They look back at what is a historic day but given what we | :16:18. | :16:23. | |
said at the top of the program, still a big source of energy in | :16:24. | :16:25. | |
India. But you're watching business live. | :16:26. | :16:42. | |
The top story, world leaders have hailed the business -- hailed the | :16:43. | :16:48. | |
deal reached in Paris, President Obama saying it is the best chance | :16:49. | :16:53. | |
we have to save the planet. But major nations think it is far worse | :16:54. | :16:58. | |
than perfect. The agreement is not binding. We have been assessing the | :16:59. | :17:08. | |
impact on businesses in emerging nations. As the Christmas party | :17:09. | :17:14. | |
season gets into full swing, what is your tipple of choice? When it comes | :17:15. | :17:20. | |
to gin and tonic there is a relatively new player in town. Not a | :17:21. | :17:31. | |
gin but the tonic. A premium drinks company called Fever Tree was set | :17:32. | :17:36. | |
up. The product range began in 2005 with tonic water using premium | :17:37. | :17:42. | |
ingredients. 7 of the worldpos-mac top 10 restaurants agree. Europe is | :17:43. | :17:53. | |
the market but they are sold in 50 countries around the world. There | :17:54. | :18:08. | |
were revenues of $52.5 million. The CEO of Fever Tree is with us and has | :18:09. | :18:16. | |
brought with him mixers and ginger beer. He has not brought ginger | :18:17. | :18:22. | |
beer. It is too early in the morning. Thanks for being on the | :18:23. | :18:28. | |
programme. 2005, relatively new company. How did it begin? You | :18:29. | :18:38. | |
mentioned my business partner and I, we got together back in 2003 and we | :18:39. | :18:43. | |
identified the same thing, premium spirits had been growing all round | :18:44. | :18:50. | |
the world, better quality spirits coming to the market and this | :18:51. | :19:03. | |
wonderful craft spirit. Bartenders were celebrating spirits. This was | :19:04. | :19:09. | |
happening but in stark contrast, the next category remained the preserve | :19:10. | :19:18. | |
of one global brand focusing on fighting with local cheaper | :19:19. | :19:23. | |
alternatives. It had become commoditised category. Artificial | :19:24. | :19:28. | |
sweeteners found their way in across the board. People spending more | :19:29. | :19:33. | |
money on good quality gin, and when you think three quarters of the gin | :19:34. | :19:38. | |
and tonic is tonic, surely the quality of the tonic is as | :19:39. | :19:47. | |
important. You are a relatively small player taking on the might of | :19:48. | :19:53. | |
Schweppes. They still dominate this market. How do you sell yourself? Is | :19:54. | :20:05. | |
it the premium range or selling the better ingredients? We saw ourselves | :20:06. | :20:12. | |
as offering something different. We were putting quality and flavour | :20:13. | :20:16. | |
back into this category. We looked at it through a different lens. | :20:17. | :20:28. | |
Broadly speaking, the only similarity is we are both in small | :20:29. | :20:51. | |
cans. It is 50p to buy a can of fever tree. It is still very | :20:52. | :20:56. | |
affordable. We need to leave it there because we have so much more | :20:57. | :21:05. | |
to pack into the programme. We will unpack further later on. There has | :21:06. | :21:12. | |
been another big shake-up in South African politics, with the President | :21:13. | :21:24. | |
replacing the newly appointed finance minister with a more | :21:25. | :21:33. | |
experienced colleague. He is the third finance minister to hold the | :21:34. | :21:43. | |
brief in a week. Pretty volatile week. Absolutely, it sent the rand | :21:44. | :21:56. | |
into turmoil. Three finance ministers in one week. It started | :21:57. | :22:01. | |
with the shock sacking of a man considered a safe pair of hands. | :22:02. | :22:07. | |
Replaced by someone with no experience whatsoever, seen as a | :22:08. | :22:12. | |
politically inspired move but after much pressure over the weekend, the | :22:13. | :22:20. | |
president, who was defiant, had a change of heart. His previous | :22:21. | :22:29. | |
finance minister has come back. In the next couple of hours we should | :22:30. | :22:32. | |
get the words of the minister as he takes to his desk. It introduces a | :22:33. | :22:41. | |
degree of stability to the markets. We are seeing some recovery. Is the | :22:42. | :22:53. | |
reputational damage there? We will keep an eye. We will look through | :22:54. | :23:02. | |
the business pages in a moment that you cannot fail to have noticed that | :23:03. | :23:06. | |
there is a new Star Wars film coming out this week. Prepare for all the | :23:07. | :23:11. | |
merchant dies as well as the actual film. We've been looking at what it | :23:12. | :23:16. | |
means for Disney who are releasing the film. High energy and nostalgia. | :23:17. | :23:31. | |
There are no clues for the plot but fans are offered the same characters | :23:32. | :23:34. | |
as the previous franchise. The future of the franchise is | :23:35. | :23:51. | |
limitless. I see no reason Star Wars cannot continue in the hands of | :23:52. | :23:58. | |
gifted storytellers. A big factor in the success is the broad appeal | :23:59. | :24:04. | |
across three generations. A retailer's dream which Disney has | :24:05. | :24:08. | |
been happy to fulfil. We will be doubling the space in the majority | :24:09. | :24:15. | |
of our stores with incredible new products to allow collectors and | :24:16. | :24:18. | |
kids to get into this franchise. Merchandising has driven most of the | :24:19. | :24:25. | |
revenue, and sales are expected to be ?5 billion. There are toys, | :24:26. | :24:34. | |
novelty items, video games. Disney is planning to Mac theme parks. | :24:35. | :24:48. | |
Disney's strategy has been focusing on marketing the brand. What started | :24:49. | :24:56. | |
in a galaxy far away has become self-sustaining business which could | :24:57. | :25:00. | |
outlive the first fans. I am excited. You're not going to be able | :25:01. | :25:06. | |
to see it? I've got a four -year-old. I cannot persuade them | :25:07. | :25:12. | |
here's 12 at the cinema. You're not a fan? I am not. Let's talk about | :25:13. | :25:18. | |
this story. Butlers are trading this story. Butlers are trading | :25:19. | :25:24. | |
silver trays for iPads or tablets. You need tech skills to be a butler. | :25:25. | :25:33. | |
It is quite obvious when you think about it. Not just a question of the | :25:34. | :25:42. | |
tablet situation. They've got this high-tech stuff around the house and | :25:43. | :25:47. | |
when it goes wrong they need an expert. Much like working here. | :25:48. | :25:58. | |
Sorry to keep it so brief. Thank you for that. Good morning. It has been | :25:59. | :26:11. | |
cloudy and | :26:12. | :26:13. |