Browse content similar to 07/12/2016. 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. | :00:08. | |
A $50 billion boost for US businesses. | :00:09. | :00:13. | |
Japan's Softbank promises to invest in America. | :00:14. | :00:15. | |
a move Donald Trump says is a result of his election victory. | :00:16. | :00:18. | |
Live from London, that's our top story on Wednesday, 7th December. | :00:19. | :00:39. | |
It is the billionaire bromance - the boss of Japan's Softbank met | :00:40. | :00:42. | |
with the US President-elect to talk trade, investment and | :00:43. | :00:45. | |
Also in the programme, it's the media merger that | :00:46. | :00:53. | |
could be shape the future of the industry. | :00:54. | :00:55. | |
AT and Time Warner will try and convince US | :00:56. | :00:57. | |
politicians their tie-up is a good idea. | :00:58. | :01:01. | |
It was another record close in America pushes | :01:02. | :01:03. | |
It translated into a better start for Europe. | :01:04. | :01:13. | |
Does slow internet access hinder economic growth? | :01:14. | :01:14. | |
We're more connected than ever before, but as our reliance | :01:15. | :01:21. | |
on the web grows, we'll meet the firm that says its services | :01:22. | :01:23. | |
are 128 times faster than traditional connections. | :01:24. | :01:25. | |
A "processing error" by the UK's statistical authority means | :01:26. | :01:28. | |
the trade deficit is actually ?6 billion higher than they thought. | :01:29. | :01:38. | |
What's your biggest miscalculation you've ever made? Don't hold back. | :01:39. | :01:45. | |
Send your confessions. $50 billion - that's how much | :01:46. | :01:51. | |
the head of Softbank says he will invest in US businesses | :01:52. | :02:03. | |
after meeting with President As if that bumper cash | :02:04. | :02:05. | |
injection wasn't enough, he also announced that the firm | :02:06. | :02:12. | |
would create 50,000 Well, the announcement saw shares | :02:13. | :02:15. | |
in the Japanese technology firm jumping 5% when the market | :02:16. | :02:20. | |
opened earlier today. Softbank isn't adverse | :02:21. | :02:22. | |
to splashing the cash. In July, the firm paid $32 billion | :02:23. | :02:30. | |
to acquire the UK technology firm ARM Holdings which makes microchips | :02:31. | :02:33. | |
for the likes of Apple and Samsung. Here's what Donald Trump had to say | :02:34. | :02:36. | |
after meeting with Masayoshi Son, Softbanks billionaire | :02:37. | :02:39. | |
boss and founder. This is someone from Softbank. He | :02:40. | :02:55. | |
agreed to invest $50 billion in the United States and 50,000 jobs and he | :02:56. | :02:59. | |
is one of the great men of industry. I just want to thank you very much. | :03:00. | :03:01. | |
Thank you. For the details we can speak | :03:02. | :03:12. | |
to our Asia business It pay to be in that golden elevator | :03:13. | :03:26. | |
in Trump Tower? It was very apparent that the rapport that the two | :03:27. | :03:30. | |
billionaires shared, it has been called a billionaire bromance, it | :03:31. | :03:33. | |
was evident in the way that they were speaking to one another, and | :03:34. | :03:36. | |
the body language, the arms around one another, but certainly, there | :03:37. | :03:39. | |
are some very real and practical reasons why Softbank, the boss of | :03:40. | :03:45. | |
Softbank, made this decision to invest in the United States at a | :03:46. | :03:48. | |
time when arguably it could be said the US is pulling out of global | :03:49. | :03:53. | |
trade deals that Japan for instance has been such a big backer of, the | :03:54. | :03:57. | |
Trans-Pacific Partnership, the TPP that we have been speaking about, on | :03:58. | :04:01. | |
the channel, and one of the key reasons Sally is because, of course, | :04:02. | :04:05. | |
for many years now Japan has struggled to retain that top slot, | :04:06. | :04:13. | |
the top slot in terms of IT innovation technology innovation and | :04:14. | :04:15. | |
this particular investment, it is thought, will give Softbank the | :04:16. | :04:20. | |
access to Silicon Valley, to the United States and hopefully, create | :04:21. | :04:25. | |
the synergyies that the boss of Softbank believes he needs to keep | :04:26. | :04:30. | |
going and acquiring in terms of his vision for the company and in terms | :04:31. | :04:34. | |
of the internet of things, the grand future that he has designed for | :04:35. | :04:37. | |
Softbank. It goes to show that Softbank and those in charge, they | :04:38. | :04:41. | |
are pretty canny. They snapped up Arms Holdings of the UK, one of our | :04:42. | :04:46. | |
prized IT companies here and just to mention, that Softbank, we get the | :04:47. | :04:49. | |
impression, it is a financial firm, it is not, it is all about IT, isn't | :04:50. | :04:55. | |
it? Absolutely, all across-the-board, its entire vision | :04:56. | :04:59. | |
is very much focussed on the concept of the internet of things, but it is | :05:00. | :05:04. | |
not just in the internet, or those sorts of devices, chips, as you were | :05:05. | :05:09. | |
mentioning earlier, it is about telecommunications, a few years ago, | :05:10. | :05:12. | |
Softbank made a massive investment in the United States, some $22 | :05:13. | :05:17. | |
billion worth to acquire a company called Sprint. That investment has | :05:18. | :05:22. | |
not gone very well. To date it lost something like $7 billion worth of | :05:23. | :05:26. | |
its value. Now, there are some who are speculating that this particular | :05:27. | :05:33. | |
move by the Softbank boss at a time when it seems like president-elect | :05:34. | :05:38. | |
Trump is becoming more amenable to future business deals in the United | :05:39. | :05:42. | |
States, maybe particularly savvy because the Softbank boss has been | :05:43. | :05:47. | |
trying to merge or buy another US telecoms company, but it hasn't gone | :05:48. | :05:50. | |
through because of regulations in the United States. The environment | :05:51. | :05:53. | |
maybe a bit more pleasant for him now. | :05:54. | :05:58. | |
For now, thank you for your detail on that story. Interesting. | :05:59. | :06:03. | |
The media mega-deal that could end up being one of the biggest | :06:04. | :06:06. | |
In October, the US telecoms giant AT announced plans to buy | :06:07. | :06:16. | |
entertainment group Time Warner for $86 billion. | :06:17. | :06:17. | |
The deal would be a merger of AT's distribution networks | :06:18. | :06:20. | |
But it is far from signed and sealed. | :06:21. | :06:23. | |
In a few hours the bosses of both companies will appear before a US | :06:24. | :06:26. | |
Senate committee to try to ease fears that the deal | :06:27. | :06:29. | |
AT is the world's biggest telecoms company, according to Forbes. | :06:30. | :06:43. | |
Last year it posted revenues of $146.8 billion. | :06:44. | :06:45. | |
It's mobile phone business has just over 133 million | :06:46. | :06:48. | |
customers in the US and another 10.7 million in Mexico. | :06:49. | :06:53. | |
And AT has TV channels with 37.7 million subscribers | :06:54. | :06:57. | |
They're hoping the tie up will help them add to that | :06:58. | :07:07. | |
by offering Time Warner's vast content including CNN and HBO | :07:08. | :07:09. | |
which makes international hit programmes like The Sopranos | :07:10. | :07:11. | |
It also owns Hollywood's Warner Bros movie studio. | :07:12. | :07:22. | |
The US president-elect Donald Trump has vowed to block | :07:23. | :07:24. | |
the tie-up saying it puts "too much concentration of power | :07:25. | :07:26. | |
Although it's the US Justice Department which will have the final | :07:27. | :07:33. | |
say on whether it can happen or if conditions will be attached. | :07:34. | :07:36. | |
Samantha Tomaszczyk is a Financial Reporter | :07:37. | :07:38. | |
Good morning. So, you know, it is a huge deal if it does go ahead and | :07:39. | :07:51. | |
yet there will be hurdles along the way. Talk us through how it is | :07:52. | :07:55. | |
likely to go today and beyond with the competition authorities? Sure. | :07:56. | :07:58. | |
So today there is a court hearing, I think it is worth pointing out that | :07:59. | :08:02. | |
today's court hearing is just advisory so it will set the backdrop | :08:03. | :08:07. | |
along with Donald Trump's comments to the general public opinion on | :08:08. | :08:11. | |
this deal, but as you said, it is the Justice Department which will | :08:12. | :08:14. | |
have the final say. Do you think the two companies will have to give up | :08:15. | :08:19. | |
much or get rid of certain assets in order for the two to come together | :08:20. | :08:23. | |
because although they are both big players in their respective markets, | :08:24. | :08:26. | |
they do do different things, don't they? They do, but it is a case of | :08:27. | :08:31. | |
bundling content. I think with any deal of this size, access to | :08:32. | :08:34. | |
programming which rivals tends to be quite a big issue. So I think the | :08:35. | :08:39. | |
Justice Department will really look at whether rivals will continue to | :08:40. | :08:42. | |
have good access to programming. That's been a concern by some. I | :08:43. | :08:46. | |
touched on it in the introduction about Donald Trump threatening to | :08:47. | :08:49. | |
block the deal. I suppose the question is can he and what happens? | :08:50. | :08:55. | |
It doesn't go straight to him, but it does go to one of his | :08:56. | :09:01. | |
departments, the DOJ, doesn't under estimate the power of public | :09:02. | :09:06. | |
opinion. So... He hasn't. That's how he got elected. It worked for him. | :09:07. | :09:11. | |
Briefly, before we wrap up, just explain what it will mean for users, | :09:12. | :09:16. | |
consumers, if the two marry up eventually and it could take a long | :09:17. | :09:19. | |
time because of legal issues, but if they come together, will it be | :09:20. | :09:23. | |
better for consumers or worse? It really could go either way and it is | :09:24. | :09:26. | |
up to the regulator to make sure it goes the right way for scunlers and | :09:27. | :09:30. | |
the access to programming continues to be quite widespread. But if they | :09:31. | :09:34. | |
manage to promote direct TV now which is their video product and if | :09:35. | :09:38. | |
it helps them advance that, then it could be good for consumers and for | :09:39. | :09:43. | |
video content competition. Samantha, thank you for your expertise on | :09:44. | :09:47. | |
this. As ever we will keep you up-to-date with every twist and turn | :09:48. | :09:52. | |
on that trying to go up the aisle as it were. I'm talking about the | :09:53. | :09:56. | |
wedding! All the coverage of the wedding! | :09:57. | :09:59. | |
The drugmaker Pfizer has been fined ?84 million - | :10:00. | :10:07. | |
that's about $106 million - here in the UK for "charging | :10:08. | :10:10. | |
excessive prices" to the publicly run National Health Service | :10:11. | :10:12. | |
The competition regulator says the price went up a massive two | :10:13. | :10:24. | |
thousand six hundred per cent overnight. | :10:25. | :10:26. | |
The drug's distributor, Flynn Pharma was also fined. | :10:27. | :10:28. | |
The US company says the decision is wrong and it will appeal. | :10:29. | :10:31. | |
Australia's economy shrank for the first time in five years | :10:32. | :10:33. | |
The dip of 0.5% is being blamed on spending cuts by businesses, | :10:34. | :10:37. | |
The mining boom and high demand for Australia's commodities have | :10:38. | :10:40. | |
kept the economy recession-free for the past 25 years. | :10:41. | :10:55. | |
Shares in the troubled Italian bank have risen amid reports that the | :10:56. | :11:00. | |
Government is poised to take a controlling stake. It is trying to | :11:01. | :11:05. | |
put a 5.5 billion rescue plan in place to help it deal with its huge | :11:06. | :11:11. | |
volume of bad debt. There as been heightened uncertainty since Italy's | :11:12. | :11:15. | |
Prime Minister decided to offer his resignation after losing a | :11:16. | :11:25. | |
referendum at the weekend. The FTSE seeing its biggest rise | :11:26. | :11:28. | |
since the referendum vote in the UK. That was back on 23rd June. So | :11:29. | :11:32. | |
markets doing well. After another record | :11:33. | :11:36. | |
close on Wall Street - It is a similar picture in Europe. | :11:37. | :11:55. | |
The markets are strong in early trade. Traders are looking ahead to | :11:56. | :11:58. | |
the European Central Bank meeting. That's taking place on Thursday. | :11:59. | :12:02. | |
That's expected to bring us some news maybe that it will extend its | :12:03. | :12:06. | |
stimulus programme beyond the March end date. That's always been in the | :12:07. | :12:10. | |
diary, but perhaps it could go longer given the uncertainty and | :12:11. | :12:15. | |
Italy's market doing well yesterday, posting its best levels since the UK | :12:16. | :12:19. | |
referendum vote. Even, of course, as so much remains in doubt about its | :12:20. | :12:25. | |
political future and its banks were the biggest winners. | :12:26. | :12:30. | |
Last month's decision by India's government to withdraw around 80% | :12:31. | :12:32. | |
of the country's banknotes sent shockwaves through the country. | :12:33. | :12:35. | |
And its impact is likely to affect the central bank's | :12:36. | :12:37. | |
interest rate decision - it's due to announce it shortly. | :12:38. | :12:39. | |
There is no doubt that the shortage of cash here in India will have an | :12:40. | :12:55. | |
impact on the economy and that's why, the bank of India's decision on | :12:56. | :12:59. | |
interest rates is being watched closely. Most economists expect | :13:00. | :13:04. | |
there will be at least a quarter of a percentage cut in the main lending | :13:05. | :13:07. | |
rate. People have cut back on spending over the last one month and | :13:08. | :13:12. | |
this has hit businesses across-the-board. One of the sectors | :13:13. | :13:16. | |
feeling the effects of the ban on high currency value notes is the | :13:17. | :13:21. | |
auto industry. Some car makers are reporting a decline in sales. But | :13:22. | :13:25. | |
for the people, a rate cut could bring in some good news. Interest | :13:26. | :13:30. | |
rates for cars and home loans hover around 9% in India. Making it | :13:31. | :13:35. | |
expensive for people to borrow. Companies hope that lower interest | :13:36. | :13:38. | |
rates could help boost consumer demand. There has been widespread | :13:39. | :13:43. | |
criticism that the implementation of the ban on all currency notes was | :13:44. | :13:49. | |
mishandled. Much of it is directed at the governor of the bank of | :13:50. | :13:54. | |
India. He will be holding his first press conference since the policy | :13:55. | :13:59. | |
was introduced a month ago and he could face tough questions on his | :14:00. | :14:02. | |
organisation and the execution of some decisions. But most of all, | :14:03. | :14:07. | |
people will be looking for an answer on how much longer they'll have to | :14:08. | :14:13. | |
wait for this cash crunch to be over. | :14:14. | :14:20. | |
Joining us is Richard Dunbar who is Investment Director | :14:21. | :14:23. | |
So there is a lot going on, we've got Australian growth story going in | :14:24. | :14:36. | |
reverse. We've got the Indian rates and Italy and Softbank and Trump | :14:37. | :14:41. | |
tweets causing reaction on markets. Talk us through what's on your mind. | :14:42. | :14:48. | |
What are you keeping an eye on most? The markets are looking at Donald | :14:49. | :14:50. | |
Trump's positive policy, infrastructure spend and tax cuts, | :14:51. | :14:54. | |
deregulation and that's good. And that talks to the mood music that | :14:55. | :14:59. | |
we're seeing in Europe and Japan and elsewhere and despite rising | :15:00. | :15:02. | |
interest rates, markets are tend to go say on balance that's positive, | :15:03. | :15:08. | |
but there is plenty to think about. Interest rates are going up around | :15:09. | :15:10. | |
the world. They are likely to go up in the US. That is generally | :15:11. | :15:14. | |
unhelpful, but money is cheap and markets are focussing on that at the | :15:15. | :15:16. | |
moment. Markets have got uncertainty by the | :15:17. | :15:24. | |
bucket load and they are shaking it off. We had some uncertainty from | :15:25. | :15:29. | |
Italy over the weekend, but you could argue it is Italy's 63rd | :15:30. | :15:33. | |
Government since the war, so maybe it is business as usual. With Italy, | :15:34. | :15:41. | |
the view about the banks is that one element that could derail the | :15:42. | :15:44. | |
optimism, some kind of bailout on the way? Investors might be thinking | :15:45. | :15:51. | |
there is going to be a resolution to this problem, and we are starting to | :15:52. | :15:55. | |
see it. Richard will return in five minutes | :15:56. | :15:57. | |
with more detail on financial markets. | :15:58. | :15:59. | |
Does slow internet access hinder economic growth? | :16:00. | :16:02. | |
As our reliance on the web grows, we'll meet the firm that | :16:03. | :16:05. | |
says its services are 128 times faster than traditional connections. | :16:06. | :16:09. | |
You're with Business Live from BBC News. | :16:10. | :16:20. | |
That hurts your eyes if you stare at it too long! | :16:21. | :16:22. | |
I try not to stare at it! The Competition and Markets | :16:23. | :16:25. | |
Authority has fined drugs giants Pfizer and Flynn almost ?90 million | :16:26. | :16:27. | |
for raising the price of an anti-epilepsy drug | :16:28. | :16:29. | |
it sells to the NHS. Pfizer was fined a record | :16:30. | :16:32. | |
?84.2 million for their part Flynn was hit with | :16:33. | :16:34. | |
a ?5.2 million fine. Theo Leggett is in our | :16:35. | :16:47. | |
Business Newsroom. Some big fines, especially for | :16:48. | :17:00. | |
Pfizer. A very big fine, although Pfizer is also a big company, and | :17:01. | :17:07. | |
more than able to absorb it. Pfizer was selling an anti-epilepsy drug, a | :17:08. | :17:14. | |
branded drug, and the prices in the UK are regulated according to the | :17:15. | :17:16. | |
pharmaceutical price regulation scheme. What Pfizer did was license | :17:17. | :17:24. | |
it to Flynn, which the branded it, removed the name, and sold it as a | :17:25. | :17:30. | |
generic products. Normally generic products are cheaper, but in this | :17:31. | :17:34. | |
case clinical advice was that patients already using it should | :17:35. | :17:38. | |
continue using the same product, made by the same and a Thatcherite, | :17:39. | :17:41. | |
not even the same one made by somebody else. So Flynn could own | :17:42. | :17:49. | |
brand it, push the price up, and the cost to the NHS of a pack rows of | :17:50. | :18:00. | |
from ?2 83 to ?67 50 overnight. With Flynn taking in the extra income, | :18:01. | :18:04. | |
Pfizer could raise its prices, said they were both able to make money. | :18:05. | :18:08. | |
The authority reckons that this was abuse of a dominant position, and it | :18:09. | :18:13. | |
was wrong, hence the fine, but Pfizer says that before on branding | :18:14. | :18:19. | |
the drug was being produced at a loss, and the deal with Flynn | :18:20. | :18:22. | |
protected the supply for patients of. He said the findings are wrong | :18:23. | :18:31. | |
and they plan to appeal. The interesting latest move, with | :18:32. | :18:36. | |
Pfizer. More on the website. This is the | :18:37. | :18:41. | |
story we have been following about the future for Port Talbot steel | :18:42. | :18:45. | |
working. The ball is in the Court of the unions, is the view there. Full | :18:46. | :18:53. | |
details on the future for steel-making in South Wales. | :18:54. | :18:54. | |
Shares in the Japanese technology firm Softbank have jumped 5% | :18:55. | :19:01. | |
after the company said it would invest $50 billion | :19:02. | :19:03. | |
The announcement came after a meeting in New York | :19:04. | :19:07. | |
between chief executive Masayoshi Son and US | :19:08. | :19:10. | |
Donald Trump is claiming it is a personal victory, he says the | :19:11. | :19:23. | |
investment is only happening because he won the election. One that we | :19:24. | :19:28. | |
will follow very closely. London grabbing the headlines in the | :19:29. | :19:35. | |
markets. The rally is going on and on. | :19:36. | :19:41. | |
Few inventions have changed the world as | :19:42. | :19:43. | |
As consumers, we've never been more connected, | :19:44. | :19:46. | |
and for business it's transformed how and where they operate. | :19:47. | :19:50. | |
But it's the speed of our broadband that in some cases can | :19:51. | :19:52. | |
There are huge differences in the quality of internet services | :19:53. | :19:56. | |
In some countries, old pipes and wires mean firms are battling | :19:57. | :20:00. | |
And so regulators are trying to improve competition, | :20:01. | :20:06. | |
like here in the UK, where the majority of broadband | :20:07. | :20:09. | |
And so that's where new market players, | :20:10. | :20:18. | |
Hyperoptic operates independently from the main telephone exchanges | :20:19. | :20:25. | |
to provide internet directly to people's homes, and that allows | :20:26. | :20:28. | |
the firm to provide speeds over ten times faster than many rivals. | :20:29. | :20:34. | |
Dana Tobak is the founder and chief executive of Hyperoptic. | :20:35. | :20:42. | |
This is so relevant, with UK Government announcing in the Autumn | :20:43. | :20:48. | |
Statement a huge investment in technology. We are so excited that | :20:49. | :20:55. | |
we are seeing movement away from being dependent on the Monopoly and | :20:56. | :21:01. | |
the price competition only, and actually focus on investment and | :21:02. | :21:04. | |
getting to a full fibre solution, which is what the country needs. You | :21:05. | :21:09. | |
have been operating here for many years, I would imagine it has been | :21:10. | :21:13. | |
frustrating, because we have an old infrastructure that has been here | :21:14. | :21:18. | |
for generations, and it has been an incremental slow move to update | :21:19. | :21:23. | |
things. We have seen the incumbents tend to move when small players | :21:24. | :21:28. | |
start to do something different. When we founded in 2005, we were the | :21:29. | :21:34. | |
first to bring up to 24 meg services, and at the time the | :21:35. | :21:37. | |
environment were asking why anybody would need that. It is lovely that | :21:38. | :21:42. | |
here we are with hyper optic ten years later, and when we announced a | :21:43. | :21:47. | |
one gig, it was not so much about why we would need it, but what would | :21:48. | :21:52. | |
we do with it, and that is exciting. What needs to change? Many people | :21:53. | :21:57. | |
will be frustrated that they travel around the country, certain parts of | :21:58. | :22:04. | |
the country are poor with signals, and yet if you go to Hong Kong, they | :22:05. | :22:08. | |
have brilliant services, even underground. Is it just the legacy | :22:09. | :22:15. | |
issue? It is an education. For many years, the regulator focused on | :22:16. | :22:24. | |
price competition, from 2005 until 2011, 2012, it was about providing | :22:25. | :22:26. | |
an infrastructure where there was competition. That is when you saw | :22:27. | :22:34. | |
the low prices. At that time, it was considered a victory. When there is | :22:35. | :22:39. | |
under investment and a perception that price is more important than | :22:40. | :22:42. | |
speed, you will get the wrong long-term results. The good news for | :22:43. | :22:47. | |
us was that it presented an opportunity, we knew better, and we | :22:48. | :22:50. | |
knew that we could create the foundation for tomorrow and still | :22:51. | :22:54. | |
ask people to pay around the same price as the date, but for | :22:55. | :23:02. | |
fundamentally better broadband. It is a fascinating subject. We will | :23:03. | :23:04. | |
keep an eye on it. In a moment we'll take a look | :23:05. | :23:09. | |
through the business pages. But first, here's a quick reminder | :23:10. | :23:12. | |
of how to get in touch with us. Our page is where you can stay ahead | :23:13. | :23:19. | |
with the breaking news. We keep you up-to-date with the latest details, | :23:20. | :23:24. | |
with insight and analysis from our team of editors around the world. We | :23:25. | :23:28. | |
want to hear from you as well. Get involved on the web page. We are on | :23:29. | :23:42. | |
Twitter and on Facebook. On TV and online, whenever you need to know. | :23:43. | :23:44. | |
What other business stories has the media been | :23:45. | :23:46. | |
Richard Dunbar, who is investment director | :23:47. | :23:49. | |
at Aberdeen Asset Management, joins us again. | :23:50. | :23:51. | |
A statistical error at high levels is what is going on? The ONS have | :23:52. | :24:01. | |
miscounted the gold exports and imports in the trade deficit | :24:02. | :24:05. | |
figures, and they are 6 billion worth of we had expected. It is a | :24:06. | :24:09. | |
large error, but importantly, because everybody is looking at it, | :24:10. | :24:13. | |
we hope the figure improves, given weaker sterling and the fact it has | :24:14. | :24:19. | |
gone the wrong way is unhelpful. Somebody is in trouble at the ONS. | :24:20. | :24:24. | |
At least they have owned up and it has been fixed, so we know the | :24:25. | :24:29. | |
number. Maybe there has been more gold imports than we thought. View | :24:30. | :24:34. | |
was getting in touch, talking about their biggest miscalculation. One | :24:35. | :24:40. | |
person says, trusting a bank to fund my business of. One person says, | :24:41. | :24:45. | |
blame it on the latest software update, we always do. | :24:46. | :24:49. | |
Richard, what is your biggest miscalculation? I have made some on | :24:50. | :24:56. | |
airline bookings, one not booking for flights for the family to go on | :24:57. | :25:01. | |
holiday, and finding out the night before, you do not get a good deal | :25:02. | :25:07. | |
with six hours notice! Looking at other stories, what else? The Donald | :25:08. | :25:12. | |
Trump tweets are interesting. They are moving markets. Boeing was down | :25:13. | :25:18. | |
yesterday on the back of him saying he would not rebook the new Boeing. | :25:19. | :25:25. | |
For a full swan. Softbank was up, given the enthusiasm with which the | :25:26. | :25:29. | |
Chief Executive Rosneft. Or all traders now following him? I suspect | :25:30. | :25:36. | |
all traders are and all diplomats have now signed up to his Twitter | :25:37. | :25:40. | |
account as well, given that that is the route through which we find out | :25:41. | :25:44. | |
diplomacy as well as business. It is a brave new world. | :25:45. | :25:46. | |
There will be more business news throughout the day on the BBC Live | :25:47. | :25:50. | |
webpage and on World Business Report. | :25:51. | :25:53. |