Browse content similar to 05/12/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News, with Ben Thompson and Sally Bundock. | :00:00. | :00:11. | |
A loss in the Italian referendum triggers the resignation | :00:12. | :00:13. | |
The euro has sunk even further as nationalism sweeps the continent. | :00:14. | :00:18. | |
Live from London, that's our top story on Monday 5th December. | :00:19. | :00:41. | |
Italy votes No in the referendum and as promised, | :00:42. | :00:43. | |
Prime Minister Renzi quits - the euro is now at 20-month | :00:44. | :00:46. | |
We assess what's at stake for the Eurozone's third | :00:47. | :00:54. | |
Also in the programme....The new connection between the Hong Kong | :00:55. | :00:58. | |
and Shenzhen stock exchanges is now live - giving international | :00:59. | :01:00. | |
investors access to hundreds of Chinese companies for the first | :01:01. | :01:03. | |
time - we'll take you there for the latest. | :01:04. | :01:10. | |
markets are looking like this after that referendum. We will assess what | :01:11. | :01:16. | |
it means for the future of the Eurozone. | :01:17. | :01:17. | |
From LED disco balls and Christmas lights through to 3D mascara... | :01:18. | :01:20. | |
Later in the programme, we'll get the Inside Track | :01:21. | :01:22. | |
on the changing face of advertising with the boss of | :01:23. | :01:24. | |
JML are famous for their household gadgets, so we want to know | :01:25. | :01:31. | |
what household gadget can you not live without? | :01:32. | :01:37. | |
Get in touch - just use the hashtag #BBCBizLive. | :01:38. | :01:52. | |
My favourite gadget with a toastie maker. | :01:53. | :01:55. | |
So as you've been hearing, Italy has voted a resounding No, | :01:56. | :01:59. | |
rejecting the electoral reforms proposed by Prime | :02:00. | :02:00. | |
He's now announced his intention to resign. | :02:01. | :02:05. | |
The result has ushered in a fresh crisis for the Eurozone, | :02:06. | :02:08. | |
with one of the founder members of the European project mired | :02:09. | :02:10. | |
Here's a look at some of the problems facing the country. | :02:11. | :02:15. | |
Italy has been stuck in a rut: the economy has barely grown over | :02:16. | :02:19. | |
the last eight years, and is likely to remain | :02:20. | :02:21. | |
Meanwhile, public debt is around 130% of GDP - | :02:22. | :02:33. | |
in other words, the economy doesn't sell and produce enough goods | :02:34. | :02:35. | |
Unemployment stands at 11.6%, that's about 2% | :02:36. | :02:51. | |
above the eurozone average and youth unemployment is at breaking point - | :02:52. | :02:54. | |
nearly 39% of young people are out of work. | :02:55. | :02:56. | |
The IMF says Italian banks are holding around | :02:57. | :02:59. | |
$400 billion worth of non-performing loans. | :03:00. | :03:00. | |
This amounts to about one third of all bad loans in the euro area. | :03:01. | :03:03. | |
More than 75% of these are loans to companies. | :03:04. | :03:05. | |
Now that we have a No vote, some analysts warn we could see | :03:06. | :03:09. | |
the failure of up to eight Italian banks and the Prime Minister's | :03:10. | :03:12. | |
bank bailout programme could well be scrapped. | :03:13. | :03:13. | |
Francesco Guerrera is Chief Financial Correspondent | :03:14. | :03:15. | |
It sounds like a real mess. Talk us through what is at stake here. All | :03:16. | :03:34. | |
attention is on these big banks in Italy that could be left high and | :03:35. | :03:40. | |
dry. Yes, the stakes are much higher for the Italian banking sector and | :03:41. | :03:44. | |
European banking sector than for the Eurozone as a whole. The most | :03:45. | :03:48. | |
important thing now is to see whether Italy's third largest bank, | :03:49. | :03:52. | |
Europe's oldest bank, will be able to pull off a 5 billion euros | :03:53. | :03:57. | |
recapitalisation programme, which is badly needed and has been an | :03:58. | :04:02. | |
important measure of how investors feel about Italy. The no vote throws | :04:03. | :04:05. | |
that into a huge amount of doubt. It could make it fail. I understand | :04:06. | :04:12. | |
that the plan was to have private investors come in and rescue that | :04:13. | :04:18. | |
back, and some other banks as well. Why use the overnight results | :04:19. | :04:22. | |
calling that into question? Because investors don't like to write checks | :04:23. | :04:26. | |
during a period of political uncertainty, especially for a | :04:27. | :04:30. | |
country like Italy, which has made a big brand out of political | :04:31. | :04:34. | |
uncertainty and has had repeated moments of political uncertainty. $5 | :04:35. | :04:38. | |
billion for a bank like this is a lot of money. So a lot of investors | :04:39. | :04:42. | |
this morning are already rethinking their stance towards that bank. But | :04:43. | :04:48. | |
what are the other options? The Italian government cannot bail out | :04:49. | :04:52. | |
these banks because of rules stated by the fact that it is part of the | :04:53. | :04:57. | |
Eurozone. Exactly, so a state bailout is ruled out under Brussels | :04:58. | :05:04. | |
rules. The other options are for a recapitalisation that hits the small | :05:05. | :05:07. | |
investors in Italy bulges politically unpalatable. What does | :05:08. | :05:13. | |
this mean for the economy as a whole, with Italy in political | :05:14. | :05:18. | |
turmoil once again? Italy is used to this. Italy is used to turmoil, but | :05:19. | :05:23. | |
this is different. Italy has more bank branches than pizzerias, so | :05:24. | :05:27. | |
this was a chance to reduce the amount of inefficiency in the fiscal | :05:28. | :05:30. | |
sector. That chance might be missed now. We are keeping a close eye on | :05:31. | :05:37. | |
this story as it unfolds and how it has played out in markets around the | :05:38. | :05:39. | |
world. More on that later. The Royal Bank of Scotland says it | :05:40. | :05:41. | |
will pay just over a billion dollars to settle compensation claims linked | :05:42. | :05:45. | |
to a rights issue in 2008. At the time, it was acquiring | :05:46. | :05:51. | |
the Dutch bank ABN Amro - but that ultimately led to it | :05:52. | :05:54. | |
seeking a bailout from The agreement is with three | :05:55. | :05:56. | |
of the five shareholder groups Venezuela's central bank says six | :05:57. | :05:59. | |
new denominations of banknotes will come into circulation | :06:00. | :06:08. | |
on December 15th. Soaring inflation amid an economic | :06:09. | :06:16. | |
crisis means that the largest 100 bolivar banknote is only | :06:17. | :06:18. | |
worth about two US cents and people often have to use bags | :06:19. | :06:21. | |
full of money to make payments. The new bills range from 500 | :06:22. | :06:24. | |
to 20,000 bolivars. The central bank says they will make | :06:25. | :06:26. | |
payments more efficient. The business life page is dominated | :06:27. | :06:50. | |
by events in Italy. Shares for that bank that we were talking about, | :06:51. | :06:58. | |
Monte dei Paschi, are down. A lot of pressure is on Italy's biggest | :06:59. | :07:00. | |
banks. Much more on the website. Hong Kong has launched | :07:01. | :07:04. | |
its second stock-trading link It means foreign investors will get | :07:05. | :07:06. | |
greater access to more than 800 companies listed | :07:07. | :07:09. | |
on the Shenzhen exchange. Helier Cheung is at the Hong Kong | :07:10. | :07:15. | |
Stock Exchange for us. Will foreign investors be | :07:16. | :07:33. | |
interested? It is the end of the trading day in Hong Kong now, and | :07:34. | :07:37. | |
has been exciting day because for the first time, international | :07:38. | :07:40. | |
investors have access to nearly 900 pubs of stocks in the Shen and | :07:41. | :07:46. | |
exchange. It is the second busiest stock exchange in the world and has | :07:47. | :07:52. | |
access to nearly $3 trillion worth of stocks. The types of stocks are | :07:53. | :07:56. | |
also interesting, because these are technology shares. The fifth of the | :07:57. | :08:00. | |
shares available in Shenzhen from the technology sector, which is | :08:01. | :08:04. | |
viewed as part of China's future, so a lot of investors will be | :08:05. | :08:14. | |
interested in that. China wants to internationalise its markets, and | :08:15. | :08:26. | |
this is seen as part of that. As far as the markets are concerned, the | :08:27. | :08:27. | |
main story is Italy. Worries over political | :08:28. | :08:33. | |
stability in Europe - in the wake of that Italian vote - | :08:34. | :08:35. | |
weighing on Asian markets - but it's in Europe where we'll see | :08:36. | :08:38. | |
the first real impact. Here's what it's looking | :08:39. | :08:40. | |
like across the continent right now. Austria's vote didn t deliver | :08:41. | :08:43. | |
a shock, the far-right leader failing to gain enough votes, | :08:44. | :08:46. | |
but it's the impending resignation of Matteo Renzi that now throws | :08:47. | :08:48. | |
Italy into a new era The most pressing question, | :08:49. | :08:51. | |
as we've been discussing, is how to save the country's third | :08:52. | :08:55. | |
largest bank, Monte dei Paschi. The euro has stabilised | :08:56. | :09:00. | |
at $1.06 after falling We'll talk more on that | :09:01. | :09:02. | |
a little later. But first, Samira has | :09:03. | :09:14. | |
the details about what's ahead We can expect some little bits of | :09:15. | :09:28. | |
economic data and company earnings coming our way this week. On Monday, | :09:29. | :09:33. | |
the ISM survey is out. This looks at the strength of a variety of sectors | :09:34. | :09:37. | |
outside of manufacturing, and it gives investors an idea of how | :09:38. | :09:40. | |
different parts of the economy are faring. The wholesale retailer | :09:41. | :09:46. | |
Costco will be reporting earnings on Wednesday. Falling prices for | :09:47. | :09:50. | |
groceries have likely hurt sales, and traffic to Costco stores was | :09:51. | :09:54. | |
slightly lower in the first two weeks of November ahead of the US | :09:55. | :09:59. | |
presidential elections. Investors will be looking for comments on the | :10:00. | :10:03. | |
upcoming holiday season. Finally, Friday is when we see how strong | :10:04. | :10:09. | |
consumer sentiment is in the US. Remember, for an economy that relies | :10:10. | :10:13. | |
heavily on consumer spending, it is important to see how confident | :10:14. | :10:17. | |
people are feeling and how that will influence how much they spend. | :10:18. | :10:20. | |
Joining us is Jeremy Stretch, head of G10 FX strategy at CIBC. | :10:21. | :10:30. | |
Looking at markets in Europe, they are all headed up. That was not the | :10:31. | :10:37. | |
reaction we were expecting, or worldly? Perhaps this result was | :10:38. | :10:41. | |
priced in. For once, the opinion polls have proved to be correct. In | :10:42. | :10:45. | |
essence, we had already been anticipating that, so the was | :10:46. | :10:49. | |
already under pressure into the event. So the bosses are higher, | :10:50. | :10:53. | |
although you have not got the Italian one there. But the currency | :10:54. | :11:00. | |
markets were largely discounting the result. Yes, Asia is often a more | :11:01. | :11:06. | |
volatile session as we saw in the aftermath of the US election, but | :11:07. | :11:14. | |
people have been saying, what is the Italian situation going to be now? | :11:15. | :11:19. | |
Are we going to have a caretaker government until 2018? That seems | :11:20. | :11:25. | |
the most likely scenario. The pressure point is what will keep us | :11:26. | :11:28. | |
on our toes, because this is where we have to get into detail. It is | :11:29. | :11:32. | |
one thing saying they have to save the banks, but how is a different | :11:33. | :11:37. | |
thing. Indeed. We have been working on plans to try and provide | :11:38. | :11:41. | |
liquidity and capitalisation to the banks, but those plans are now very | :11:42. | :11:47. | |
much up in the air. That is a uncertainty that investors will not | :11:48. | :11:52. | |
like. And the political risk in Europe is setting the tone for next | :11:53. | :11:56. | |
year to a great degree. It is, because if we had the worst case | :11:57. | :12:01. | |
scenario playing out in Italy that we have early elections, which are | :12:02. | :12:04. | |
brought forward to next spring, that would add another layer of political | :12:05. | :12:09. | |
uncertainty into a year of political uncertainty as we know, with the | :12:10. | :12:13. | |
elections coming up in France, the Netherlands and Germany. So there is | :12:14. | :12:17. | |
European political uncertainty. The central institutions will do what | :12:18. | :12:21. | |
they can to provide liquidity, and that will be the theme that comes | :12:22. | :12:27. | |
out of the decision on Thursday, but the politics is the other big | :12:28. | :12:31. | |
variable. That is what has been driving the markets throughout 2016, | :12:32. | :12:36. | |
as we have seen with Brexit and Trump. I can just picture Mark | :12:37. | :12:45. | |
Carney and the other heads of central institutions with their | :12:46. | :12:51. | |
superhero cape is on, coming to the rescue. Well, I don't want to be in | :12:52. | :12:59. | |
your mind, but it is down to the institutions to try and save the | :13:00. | :13:01. | |
world and provide time for the politicians to do what is necessary. | :13:02. | :13:05. | |
Can't you see them swooping in with a cape on? Well, their ability to go | :13:06. | :13:12. | |
sweeping in has come mitigated over time. No one wants to be in Sally's | :13:13. | :13:14. | |
head. Still to come, from LED disco balls | :13:15. | :13:16. | |
and Christmas lights Later in the programme, | :13:17. | :13:19. | |
we'll get the Inside Track on the changing face of advertising | :13:20. | :13:22. | |
with the boss of Gadgets, gizmos and the things you | :13:23. | :13:24. | |
cannot live without. You're with Business | :13:25. | :13:32. | |
Live from BBC News. In the UK, the online estate agent | :13:33. | :13:37. | |
Purple Bricks has been hoping to shake up the housing market | :13:38. | :13:40. | |
by offering low-cost estate They've promised to be | :13:41. | :13:42. | |
in profit by their third anniversary this spring, | :13:43. | :13:46. | |
but this morning they published results for the six months | :13:47. | :13:48. | |
to October and it shows they've The chief executive | :13:49. | :13:51. | |
Michael Bruce joins us now Congratulations on hitting that | :13:52. | :14:07. | |
target, but I am interested in how you have done it, given everything | :14:08. | :14:10. | |
we have heard about the housing market. Yes, there is a seismic | :14:11. | :14:15. | |
change happening in the estate agency market. Purple Brix has | :14:16. | :14:20. | |
demonstrated that it can deliver for customers as a credible alternative | :14:21. | :14:23. | |
to the high street. We have seen enormous growth in our business as | :14:24. | :14:27. | |
people move away from the very expensive rigs and mortar commission | :14:28. | :14:30. | |
based fee structure to something that is fixed. They can take more of | :14:31. | :14:38. | |
that money and put that in their pocket to spend on their families. | :14:39. | :14:42. | |
At the same time, they are getting a better service than they would | :14:43. | :14:45. | |
ordinarily have got. That is what Purple Bricks is the most positively | :14:46. | :14:49. | |
reviewed estate agent possibly in the world, certainly in the UK, in | :14:50. | :14:53. | |
an industry that is often dogged by criticism about the service it | :14:54. | :14:55. | |
provides. How do you plan to keep the momentum | :14:56. | :15:11. | |
up? We are eating away every day at the market share as more and more | :15:12. | :15:16. | |
people decide to move away from the high street and we're confident that | :15:17. | :15:19. | |
wherever the head winds are in the particular industry, the sector or | :15:20. | :15:23. | |
the economy that Purple Bricks will certainly capitalise on what's in | :15:24. | :15:26. | |
market and available to us and that's been demonstrated by the | :15:27. | :15:29. | |
results we announced today. All right. We will keep an eye, that's | :15:30. | :15:34. | |
for sure, see if you can deliver next time. Thank you very much | :15:35. | :15:39. | |
indeed for your time. This is the news from whirlpool of | :15:40. | :15:53. | |
the serious house fires. The company committed to reducing the waiting | :15:54. | :15:56. | |
time for repairs or replacements to ten days, but an investigation has | :15:57. | :16:01. | |
found that could take between six and 12 weeks. Many people are told | :16:02. | :16:05. | |
it is safe to use them, but only to use them if you're in the who is and | :16:06. | :16:09. | |
keep an eye on them. But the picture there of a big fire in West London | :16:10. | :16:12. | |
caused by that tumble drier. You're watching Business Live. | :16:13. | :16:16. | |
Our top story: Italy votes | :16:17. | :16:18. | |
"no" in a referendum As promised, the Italian Prime | :16:19. | :16:20. | |
Minister Matteo Renzi has resigned, causing the euro to sink | :16:21. | :16:25. | |
against the dollar. A quick look at how | :16:26. | :16:30. | |
markets are faring. We are seeing that markets are | :16:31. | :16:44. | |
rising. Until there is any certainty about how Italy intends to deal with | :16:45. | :16:48. | |
its debts or the problems at some of its largest banks. | :16:49. | :16:51. | |
Now let's get the inside track on the lucrative business | :16:52. | :16:53. | |
JML sells everything from cat toys to copper-stone frying pans and has | :16:54. | :16:57. | |
a unique business model - pretty much every product it | :16:58. | :17:00. | |
The incredible air powered disc that's perfect for indoor sport. The | :17:01. | :17:14. | |
compact torch and toolkit you can take anywhere. Simply plug it in at | :17:15. | :17:19. | |
home and watch your party come to life! | :17:20. | :17:25. | |
JML is migrating towards online sales. The company markets its | :17:26. | :17:32. | |
products in over 70 countries. They make those ads that you just saw in | :17:33. | :17:39. | |
27 different languages! JML has a turnover of close to ?100 million. | :17:40. | :17:44. | |
They sell 15 million products every year around the world. | :17:45. | :17:46. | |
Ken Daly is the Chief Executive of JML and has been | :17:47. | :17:49. | |
Good to see you. Welcome to the programme. Good morning. We were | :17:50. | :17:59. | |
giggling after the back of the little short clips because they are | :18:00. | :18:03. | |
the kind of adverts that drive you around the twist and yet you watch | :18:04. | :18:07. | |
them and think, "They must be selling that stuff." Yes, I can | :18:08. | :18:11. | |
assure you that we are selling that stuff. We are having a record | :18:12. | :18:14. | |
Christmas and in fact seven out of ten homes in the UK have a JML | :18:15. | :18:19. | |
product. The reason you have to have the ads is because your products are | :18:20. | :18:22. | |
products that need to be demonstrated? Absolutely. They are | :18:23. | :18:25. | |
the kind of gadgets that we need to know how to work them? That's our | :18:26. | :18:30. | |
USP. We develop and market products that need some kind of explanation | :18:31. | :18:34. | |
for the consumer to understand the features and benefits, but when they | :18:35. | :18:37. | |
do, they really, really want to buy them. Is it about convincing buyers | :18:38. | :18:42. | |
that they actually need it? Some of them are really useful products. | :18:43. | :18:47. | |
They are things we use every day. Some maybe less so, they maybe more | :18:48. | :18:51. | |
aspirational gifts. Talk us through why the ideas come from? The ideas | :18:52. | :18:57. | |
come from all over the world. Our mission is to make consumers lives | :18:58. | :19:02. | |
easier. Some of them are more quirky at Christmas because we are trying | :19:03. | :19:05. | |
to make gifting more easy at Christmas and the ideas come from | :19:06. | :19:11. | |
inventors, trade shows, some of them, we develop ourselves and come | :19:12. | :19:14. | |
up with the ideas ourselves. Sometimes factories that we work | :19:15. | :19:18. | |
with develop the ideas. So it is a whole range of sources. The weirdest | :19:19. | :19:26. | |
product? Oh, the weirdest, possibly the light that illuminates your | :19:27. | :19:29. | |
toilet bowl lend you enter the bathroom! A weird one, I guess... | :19:30. | :19:34. | |
Did gu with it? It is something that we will be developing, yes. Ah, | :19:35. | :19:39. | |
watch this space. You can't wait for that advert! | :19:40. | :19:46. | |
Just in terms of the amount of stuff you're selling, how much, how many | :19:47. | :19:49. | |
products have you got, you know, that you're selling at the moment | :19:50. | :19:53. | |
and how do you keep across it all in terms of where it is coming from and | :19:54. | :20:06. | |
quality and supply? Sure. We focus on key products and sell very, very | :20:07. | :20:11. | |
large volumes of the key products the ones we're advertising on | :20:12. | :20:15. | |
television. In terms of quality, absolutely it is our number one | :20:16. | :20:18. | |
priority. We don't want to have anything like the tumble drier | :20:19. | :20:22. | |
scenario that you just reported. You joined as a salesman, didn't you, | :20:23. | :20:27. | |
initial? Initially? You came up with a lot of new ideas as to how the | :20:28. | :20:30. | |
sell these things. What's the most important way of selling? Is it TV | :20:31. | :20:37. | |
adverts or the JML shopping channel? Well, we want to reach the consumer | :20:38. | :20:41. | |
whichever way they want to buy, but actually retail is still, believe it | :20:42. | :20:45. | |
or not, despite the challenges in retail, retail is still the biggest | :20:46. | :20:51. | |
avenue for us. It is 75% of our turnover is retail distribution. A | :20:52. | :20:55. | |
quick word on cost. We have been talking about the imported inflation | :20:56. | :20:58. | |
that we will get as a result of Brexit and the fall in the value of | :20:59. | :21:01. | |
the pound. What does that mean for you? I imagine a lot of your stuff | :21:02. | :21:07. | |
is sold here, but made abroad? Our attitude is we are a consumer | :21:08. | :21:11. | |
product company and we have to protect the consumer. So at the | :21:12. | :21:15. | |
moment we're absorbing the costs pretty much. How long can you do | :21:16. | :21:19. | |
that before prices have to go up? With the dollar at 120, we can | :21:20. | :21:23. | |
probably absorb the costs, but if it falls any lower than that, then we | :21:24. | :21:26. | |
might to start looking at increasing some of the retail prices, but at | :21:27. | :21:30. | |
the moment, that's not been the case and pretty much all of our price | :21:31. | :21:35. | |
have remained the same. There is so much more we could discuss, but time | :21:36. | :21:39. | |
has got the better of us. Ken, thank you very much for coming in. Make | :21:40. | :21:44. | |
sure you bring us that light on the toilet the next time you come in. Do | :21:45. | :21:47. | |
you need it then? It is always useful! | :21:48. | :21:49. | |
Improve aim! Let's see what other | :21:50. | :21:51. | |
stories are being talked The Business Live pages is where you | :21:52. | :22:02. | |
can stay ahead with the day's breaking business news. We want to | :22:03. | :22:11. | |
hear from you too. Get involved on the BBC Business Live web page at: | :22:12. | :22:17. | |
On Twitter, we're at: You can find us on Facebook. | :22:18. | :22:23. | |
Business Live, on TV and online, whenever you need to know. | :22:24. | :22:27. | |
The BBC's Dominic O'Connell is with us. | :22:28. | :22:32. | |
Hello. Just the software, not the car, and the first time they have | :22:33. | :22:44. | |
confirmed? It is the worst kept secret in Silicon Valley this. Is | :22:45. | :22:51. | |
Project Titan. Software and hardware as well, I think, but in filing with | :22:52. | :22:56. | |
the US regulators they have admitted they were interested in this. If you | :22:57. | :23:00. | |
think about it, under Steve Jobs they could have done anything they | :23:01. | :23:05. | |
wanted. They went from personal computers into mobile phones | :23:06. | :23:09. | |
seamlessly. Tim Cook is not Steve Jobs. If he goes into this field, | :23:10. | :23:17. | |
which I'm sure, they will, it will be the first time, and he will have | :23:18. | :23:23. | |
to make a success of it. It is Detroit versus the West Coast where | :23:24. | :23:27. | |
all the fun stuff is coming out about driverless cars. Let's look at | :23:28. | :23:31. | |
a story of Brussels and perhaps a free trade deal with Japan. Talk us | :23:32. | :23:35. | |
through that one? They have been talking for a long time about it and | :23:36. | :23:39. | |
it illustrates how Brussels and the European Union is forging away, | :23:40. | :23:43. | |
throwing its weight around on the global scale and it illustrates the | :23:44. | :23:48. | |
scale of the task. This is almost certainly going to happen. There are | :23:49. | :23:51. | |
some issues around it, but it has been a long time in the works. It is | :23:52. | :23:57. | |
going to come soon. It is quite interesting with the United States | :23:58. | :24:02. | |
as well and the fact that the euro trade deal maybe off the boil | :24:03. | :24:05. | |
because of president-elect Donald Trump, so Brussels looking | :24:06. | :24:08. | |
elsewhere? Brussels looking to Asia and China is keen on free trade | :24:09. | :24:13. | |
because it suits its domestic policies and the Trans-Pacific trade | :24:14. | :24:17. | |
partnership, America and China has been looking shaky recently. The | :24:18. | :24:19. | |
European Union now is the one that's making the running. The | :24:20. | :24:24. | |
Trans-Pacific Partnership is America and Asia, but not China? Not China | :24:25. | :24:28. | |
at the moment. China has been thinking of doing its own thing. | :24:29. | :24:36. | |
There are conflicting agendas, each nation is trying to promote its | :24:37. | :24:42. | |
domestic agenda through foreign policies. Let's talk about Donald | :24:43. | :25:04. | |
Trump. He persuaded Carrier air conditioning to keep jobs. Now he | :25:05. | :25:08. | |
has a company that was planning to move staff into Mexico. He has been | :25:09. | :25:09. | |
saying, tweeting overnight, saying he could level 35% tariffs against | :25:10. | :25:12. | |
products that are manufactured by jobs that are taken out of the | :25:13. | :25:17. | |
American homeland. What's your most useful gadget in your home would you | :25:18. | :25:22. | |
say? Well, everybody has the boring answer of the iPhone. I think | :25:23. | :25:28. | |
probably the iment phone is pretty powerful. Householdy, not tech? I'm | :25:29. | :25:37. | |
not gooden a hairdryer, I must say! We had the boss of JML on. So | :25:38. | :25:44. | |
miracle warrior, whoever he was, "My hand-held vac." Another viewer says, | :25:45. | :25:51. | |
"I need my small mobile phone." Another viewer says he needs his | :25:52. | :25:57. | |
juice blender. Mine is my toasty maker. Too many. That light for the | :25:58. | :26:02. | |
toilet! Have a good day. Bye-bye. | :26:03. | :26:08. | |
Good morning. It has ban really cold and frosty start for many of us this | :26:09. | :26:16. | |
morning. Not much fog around. This is as cold as it is | :26:17. | :26:17. |