Browse content similar to 19/05/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Aaron Heslehurst | :00:00. | :00:08. | |
France gets ready for Macron economics. | :00:09. | :00:12. | |
But does the new president have the right formula to bring | :00:13. | :00:15. | |
Live from London, that's our top story on Friday 19th May. | :00:16. | :00:33. | |
Never mind 100 days - how about 100 hours? | :00:34. | :00:38. | |
French president Emmanuel Macron has been in the job for five days, | :00:39. | :00:42. | |
but he's already got his work cut out ahead of the parliamentary | :00:43. | :00:45. | |
We take a look at what he hopes to achieve. | :00:46. | :00:49. | |
Tense times for Mexico as its two-decade-old trade deal | :00:50. | :00:55. | |
And, as always, we bring you the latest action on the markets - | :00:56. | :01:03. | |
we'll find out why the markets have pushed aside, for now, | :01:04. | :01:05. | |
And we look back at the past week in business, when US | :01:06. | :01:19. | |
markets had their worst day since November, | :01:20. | :01:20. | |
and the economy was the main focus in the UK election. | :01:21. | :01:23. | |
That's all with our business editor, Simon Jack. | :01:24. | :01:25. | |
It's easy to get in touch with the programme - | :01:26. | :01:29. | |
It is Friday, we have got that Friday feeling. | :01:30. | :01:49. | |
We start in France - where the new President, | :01:50. | :01:52. | |
Emmanuel Macron, says he expects no honeymoon from the public | :01:53. | :01:55. | |
He now has to try and win a majority in next month's | :01:56. | :02:02. | |
parliamentary elections - and implement the economic policy | :02:03. | :02:04. | |
So what is Macron economics - and can it solve France's problems? | :02:05. | :02:12. | |
Macron calls himself 'neither right nor left', | :02:13. | :02:21. | |
he's a centrist, and, sure enough, the team he announced on Wednesday | :02:22. | :02:24. | |
is a diverse mix of figures from the left, right and centre. | :02:25. | :02:27. | |
He says his economic policy is based on the Nordic model. | :02:28. | :02:29. | |
Basically, it mixes spending cuts on the one hand | :02:30. | :02:33. | |
He plans to cut spending by 60 billion euros over | :02:34. | :02:37. | |
The civil service will be hit hard - 120,000 jobs will go. | :02:38. | :02:47. | |
But over the same period he has pledged 50 billion euros worth | :02:48. | :02:50. | |
That includes cutting the corporate tax rate from 33% to 25% | :02:51. | :03:03. | |
and lowering the tax burden on households. | :03:04. | :03:06. | |
It's a similar story with free trade. | :03:07. | :03:09. | |
As a former banker, he's broadly for it. | :03:10. | :03:12. | |
But he's also talked about creating a "protective Europe". | :03:13. | :03:18. | |
You know how we hear Trump saying, by American, by American? Will he | :03:19. | :03:29. | |
wants us to buy European. He wants to stop non-EU companies | :03:30. | :03:36. | |
taking over key industries. France's jobless rate is almost | :03:37. | :03:39. | |
double that of Germany's at 9.6%. Many employers blame strict labour | :03:40. | :03:46. | |
laws, like the 35-hour working week. But they are fiercely | :03:47. | :03:49. | |
defended by unions. You've guessed it, | :03:50. | :03:54. | |
somewhere in-between. He wants to keep the 35-hour work | :03:55. | :04:00. | |
week, but change the way the law is applied to make it | :04:01. | :04:04. | |
easier to hire and fire. Jean Pierre Lambert is a managing | :04:05. | :04:10. | |
director at the investment bank KBW. He has to act fast, doesn't he? Do | :04:11. | :04:23. | |
you think the team he has assembled around him will help him crack that | :04:24. | :04:27. | |
really difficult problem of reforming France's labour laws? | :04:28. | :04:32. | |
Plenty of other administrations have failed. He has an excellent economic | :04:33. | :04:38. | |
minister, a Budget minister who is a rising star in the Republican Party, | :04:39. | :04:40. | |
and he has got 18 that is ready to and he has got 18 that is ready to | :04:41. | :04:46. | |
fight. The first bite will be the parliament in the elections which | :04:47. | :04:49. | |
are going to take place, will he get the majority? So far the polls | :04:50. | :04:53. | |
indicate he may get the majority, which would be an achievement. | :04:54. | :04:58. | |
Incredible, given this party was only set up just over a year ago! | :04:59. | :05:04. | |
Absolutely. Not everything in France is decided in Parliament, as you | :05:05. | :05:10. | |
alluded. Do you think the timing here is crucial, because if he gets | :05:11. | :05:13. | |
it through in the summer plenty of people will be on holiday and less | :05:14. | :05:16. | |
inclined to strike? A good point! Yes, a good point, and | :05:17. | :05:23. | |
he has to be prepared to take hard action and face the repercussions if | :05:24. | :05:27. | |
people are fighting, he has to take a hard stance and he is a good | :05:28. | :05:32. | |
character to do that. This is what I don't understand, France runs a | :05:33. | :05:37. | |
deficit, for the uninitiated, that means France spends more than it | :05:38. | :05:41. | |
earns from tax, right? He wants to make these big tax cuts, so they | :05:42. | :05:47. | |
already spend more than they make in tax, can they afford that? He has a | :05:48. | :05:54. | |
balancing act to implement. Critical for him is to gain credibility again | :05:55. | :05:59. | |
with Germany and because previous administrations have tried to | :06:00. | :06:01. | |
deliver, including Francois Hollande, but did not deliver | :06:02. | :06:06. | |
reform, if he wants the support of Germany he needs to be the first to | :06:07. | :06:11. | |
put his house in order, which includes respecting the budgetary | :06:12. | :06:15. | |
rules said added European level, the 3% deficit, and he wants also to | :06:16. | :06:21. | |
unemployment because he wants to give more to the young people, 25% | :06:22. | :06:26. | |
unemployment is fairly high. How do you think is planned to buy European | :06:27. | :06:30. | |
will go down with Angela Merkel? Germany has concerns about | :06:31. | :06:38. | |
non-European companies buying critical industries so this issue, I | :06:39. | :06:44. | |
don't think she was that much opposed, it is a subject for | :06:45. | :06:48. | |
discussion, it may happen. Thank you very much for coming to talk to us. | :06:49. | :06:51. | |
Let's take a look at some of the other stories | :06:52. | :06:56. | |
Greece's parliament has approved a new package of austerity measures | :06:57. | :07:02. | |
needed to release the next instalment of its | :07:03. | :07:04. | |
Protesters clashed with police in central Athens as MPs voted | :07:05. | :07:09. | |
on the tax rises and further cuts to pensions. | :07:10. | :07:11. | |
Eurozone finance ministers meet on Monday to decide if Greece has | :07:12. | :07:19. | |
done enough to receive a E7.5 billion loan plus debt relief. | :07:20. | :07:23. | |
Brazil's stock market has plunged amid corruption allegations | :07:24. | :07:25. | |
The main Ibovespa index closed down more than 8.8% - | :07:26. | :07:31. | |
trading was briefly halted earlier in the day after losses of more | :07:32. | :07:33. | |
than 10% prompted circuit breakers to kick in. | :07:34. | :07:37. | |
President Temer was forced to deny a newspaper report that he had given | :07:38. | :07:41. | |
consent to paying off a witness in a huge corruption scandal. | :07:42. | :07:43. | |
The Supreme Court has authorised an investigation | :07:44. | :07:45. | |
Leaders from the APEC group of Asia Pacific nations are gathered | :07:46. | :07:56. | |
They are pushing to save the Trans-Pacific Partnership trade | :07:57. | :08:08. | |
Pulling out of it was of course the first action of President Trump. | :08:09. | :08:12. | |
Good to see you. This is the 11 nation is now going, you know what? | :08:13. | :08:25. | |
Maybe we can do this without the United States! | :08:26. | :08:28. | |
Yes, it will be an interesting meeting because on the one hand you | :08:29. | :08:33. | |
have the countries hoping to be part of the TPB originally now scrambling | :08:34. | :08:37. | |
to salvage it in some way, shape or form, and on the other hand the US | :08:38. | :08:41. | |
trade representative who will represent the president, as you | :08:42. | :08:45. | |
mentioned, who seems to have far more protectionist impulses than his | :08:46. | :08:48. | |
predecessors. Many ministers will try to get face time with him to see | :08:49. | :08:54. | |
if there is wiggle room with his America first policies and to seek a | :08:55. | :08:58. | |
bit more clarity about what they mean, but it seems pretty unlikely | :08:59. | :09:02. | |
might see coming out of this meeting might see coming out of this meeting | :09:03. | :09:06. | |
but we at least might get a sense of whether the TPP is completely dead | :09:07. | :09:11. | |
or maybe just a little bit alive, and there will also be discussions | :09:12. | :09:18. | |
on the sidelines of the regional economic comprehensive partnership, | :09:19. | :09:22. | |
China's competitive to the TPP. Even Nafta might come up given that | :09:23. | :09:26. | |
Canada and Mexico will be there as well so a lot of the agenda will be | :09:27. | :09:30. | |
keeping a close eye and we will be interested to see what comes out of | :09:31. | :09:32. | |
it. We will talk to use them, have a | :09:33. | :09:35. | |
great weekend! Let's quickly stay with the markets. | :09:36. | :09:42. | |
That was the Dow yesterday closing on Wall Street, Asian market | :09:43. | :09:46. | |
slightly higher. This is pretty much of the back of the better | :09:47. | :09:50. | |
performance we saw overnight on Wall Street. A moderate recovery. If we | :09:51. | :09:56. | |
look at Europe, following suit at the moment, but let's not forget the | :09:57. | :10:01. | |
Trump slump has not fully gone away because the scandal surrounding the | :10:02. | :10:04. | |
President's Administration is still pretty much in the headlines. | :10:05. | :10:09. | |
On Thursday, the Trump administration notified Congress | :10:10. | :10:13. | |
that it will start talks to renegotiate the North America | :10:14. | :10:15. | |
Free Trade Agreement "as soon as practicable". | :10:16. | :10:18. | |
President Trump has called the 1990s Nafta deal with Canada and Mexico | :10:19. | :10:22. | |
a 'killer' of US jobs, and made shaking it | :10:23. | :10:24. | |
It's a big worry for Mexico's huge auto industry and the global | :10:25. | :10:28. | |
car-makers that have invested heavily there, | :10:29. | :10:29. | |
The auto industry here has been booming for more than 20 years. | :10:30. | :10:41. | |
The country is now the fourth largest car exporter in the world. | :10:42. | :10:44. | |
It was meant to be a shining example of free trade, but today it's | :10:45. | :10:55. | |
a monument to Donald Trump's brand of protectionism. | :10:56. | :10:57. | |
These steel beams are all that's left of a $1.6 billion investment | :10:58. | :11:00. | |
that Ford was making to build a plant here. | :11:01. | :11:08. | |
Jose Puebla Ortiz shows me the deed to the land he sold to Ford. | :11:09. | :11:15. | |
With the money, he bought a truck to work on the Ford plant. | :11:16. | :11:18. | |
For a while, life was good - but it didn't last. | :11:19. | :11:21. | |
TRANSLATION: Some people came to the plant and sent us home. | :11:22. | :11:24. | |
They said there was no entry any more. | :11:25. | :11:26. | |
The trucks couldn't go in any more, it all collapsed. | :11:27. | :11:29. | |
Not just for the truckers but for everyone. | :11:30. | :11:32. | |
Ford is keen to emphasise the market forces which drove the decision | :11:33. | :11:38. | |
to abandon its plant in San Luis Potosi, but CEO | :11:39. | :11:41. | |
Mark Fields admits presidential rhetoric is also a factor. | :11:42. | :11:44. | |
At the end of the day, we have to do what's right | :11:45. | :11:47. | |
for our business and of course the administration and the Congress, | :11:48. | :11:49. | |
they have the ability to look at tax policy, | :11:50. | :11:52. | |
trade policy etc, and that's the business | :11:53. | :11:53. | |
And now Donald Trump has set about renegotiating the entire | :11:54. | :12:02. | |
North American Free Trade Agreement, or Nafta, but a more protectionist | :12:03. | :12:05. | |
US administration could undoubtedly do great harm to many livelihoods | :12:06. | :12:08. | |
Michelle Fleury, BBC News, San Luis Potosi. | :12:09. | :12:15. | |
Joining us is Lucy MacDonald, CIO, Global Equities | :12:16. | :12:17. | |
Thank you for coming in. Let's talk about the Trump slump that we have | :12:18. | :12:31. | |
seen this week. There has been some reversal in the markets, why is | :12:32. | :12:35. | |
that? Two reasons, one is that the level of cash is still quite high, | :12:36. | :12:47. | |
around 5%, so there is cash available and I think the second | :12:48. | :12:52. | |
reason is corporate profits are still quite strong so the earnings | :12:53. | :12:55. | |
season is coming through, broadly across the world we have seen | :12:56. | :13:00. | |
companies upon earnings but also on sales. Those two things mean there | :13:01. | :13:04. | |
are some fundamental underlying strengths, despite the fact that you | :13:05. | :13:10. | |
do have relatively high valuations in the US in particular and the | :13:11. | :13:14. | |
prospect of liquidity being taken out of markets by the Fed. So it is | :13:15. | :13:18. | |
going to be between those two factors, in the meantime volatility | :13:19. | :13:30. | |
was very low, we have had increasing spikes of volatility and I think we | :13:31. | :13:34. | |
will get more of that. I noticed yesterday we saw a lot of the | :13:35. | :13:40. | |
emerging market currencies go... I asked an expert, why are they | :13:41. | :13:45. | |
dropping? He said, the US. Emerging economies rely on US growth, if the | :13:46. | :13:49. | |
US isn't growing, they are not growing. That is right, yesterday | :13:50. | :13:53. | |
the trigger was Brazil, and when there is a concern things tend to | :13:54. | :13:59. | |
correlate, you get the rising volatility and a rise population and | :14:00. | :14:04. | |
that is what we saw, so all emerging markets behaved as if they were | :14:05. | :14:11. | |
Brazil, so in the long term you are right, they depend for their growth | :14:12. | :14:14. | |
on the US. You are going to come back later? | :14:15. | :14:19. | |
We will be talking about some of President Trump's policies, | :14:20. | :14:22. | |
including perhaps paid maternity and paternity leave for families in the | :14:23. | :14:25. | |
US. We will have to see. We look back at the past | :14:26. | :14:26. | |
week in business, when US markets had their worst day | :14:27. | :14:29. | |
since the presidential election, and the economy was the main | :14:30. | :14:32. | |
focus in the UK election. That's all ahead with our business | :14:33. | :14:36. | |
editor, Simon Jack. You're with Business | :14:37. | :14:40. | |
Live from BBC News. One of Britain's airports | :14:41. | :14:54. | |
is moving its control tower around 100 miles away | :14:55. | :14:56. | |
from the actual runway. London City Airport is to become | :14:57. | :14:59. | |
the first in Britain to abandon its bird's-eye view | :15:00. | :15:02. | |
of the runway and use digital technology to | :15:03. | :15:04. | |
monitor planes remotely. They say it will make managing | :15:05. | :15:06. | |
the planes safer and more efficient. Theo Leggett can tell us | :15:07. | :15:17. | |
more about whether this Yes, that is what they are saying. | :15:18. | :15:30. | |
At the moment at London City Airport as with many others, the controller | :15:31. | :15:33. | |
is looking after the aircraft when it are on the ground, their | :15:34. | :15:38. | |
movements had to be choreographed carefully as you can imagine and it | :15:39. | :15:41. | |
is done by people looking out of the window basically. What the British | :15:42. | :15:46. | |
air traffic control people are trying to do is, instead of having | :15:47. | :15:50. | |
that tower with people looking out of the window, you have a whole | :15:51. | :15:54. | |
range of high definition cameras and the images from them will be beamed | :15:55. | :15:58. | |
onto a large screened against the wall in this remote controlled | :15:59. | :16:03. | |
centre. These are not small screens like with CCTV monitoring stations, | :16:04. | :16:06. | |
they are big things that look like Windows and they are piping in sound | :16:07. | :16:11. | |
as well so for the controllers it is as if they are there themselves. And | :16:12. | :16:16. | |
on those screens, they will be able to put up radar data and things like | :16:17. | :16:21. | |
that to make their life easier. What they are saying is that this will be | :16:22. | :16:25. | |
a better solution than having people in a control tower at London City | :16:26. | :16:29. | |
Airport looking out of the window. We have seen what cyber attacks, the | :16:30. | :16:38. | |
havoc they can wreak on services, so what about air traffic control, is | :16:39. | :16:42. | |
there not a risk of blackout? This is the obvious concern when you do | :16:43. | :16:47. | |
anything remotely but the people in charge of this say that it is proven | :16:48. | :16:50. | |
technology, it has been used in Sweden since 2015, and they say they | :16:51. | :16:56. | |
have a lot of redundant system so if one part, if it goes down, another | :16:57. | :17:01. | |
can take over and they say it will be absolutely safe. Obviously safe. | :17:02. | :17:03. | |
Thank you. Lyon, the healthy fast food chain, | :17:04. | :17:19. | |
wants to take on the US. They are helping to fund expansion with a ?25 | :17:20. | :17:25. | |
million investment of cash? We will see if it works. | :17:26. | :17:33. | |
France gets ready for Macron economics. | :17:34. | :17:38. | |
But does the new president have the right formula to bring | :17:39. | :17:41. | |
The S 500 and the Dow saw their biggest one-day | :17:42. | :17:51. | |
fall since September, this week, as investor hopes for tax | :17:52. | :17:53. | |
cuts and other pro-business policies faded after reports that US | :17:54. | :17:56. | |
President Donald Trump tried to interfere with a federal | :17:57. | :17:58. | |
investigation, setting off alarm bells on Wall Street. | :17:59. | :18:04. | |
And here in the UK, the Conservatives launched | :18:05. | :18:06. | |
their election manifesto, with social care shake-up as one | :18:07. | :18:08. | |
With all parties having pledged their election manifestos, | :18:09. | :18:13. | |
what do they mean for people and the economy? | :18:14. | :18:15. | |
Well, let's find out with our business editor Simon Jack. | :18:16. | :18:20. | |
We have dragged Simon in on a Friday. I'm always here on a Friday! | :18:21. | :18:29. | |
Before we talk about the UK manifestos, let's touch on the Trump | :18:30. | :18:34. | |
slump. I was interested in what Lucy had to say, we should put it in | :18:35. | :18:39. | |
context, there was the worst one-day fall for many months on Wednesday, | :18:40. | :18:43. | |
down 373 points, but it has been on a hell of a tear them up 16% since | :18:44. | :18:50. | |
the election. When you have had a run like that, people look for | :18:51. | :18:54. | |
moments to take some chips off the table and bank some profit. We have | :18:55. | :18:58. | |
also had incredibly low volatility which is unusual. People got | :18:59. | :19:02. | |
skittish about it. What matters is what you mentioned about a tax | :19:03. | :19:07. | |
reform, if people think that is in jeopardy, that has been driving the | :19:08. | :19:11. | |
market, yes, corporate earnings, but the idea that the burden on | :19:12. | :19:15. | |
businesses will be reduced by major tax reform. Everybody seems to agree | :19:16. | :19:23. | |
in the US that that needs to happen. Even though Donald Trump might be | :19:24. | :19:27. | |
having his troubles with his FBI director and what have you, if you | :19:28. | :19:31. | |
thought the tax reform plan was in danger you would see some falls in | :19:32. | :19:35. | |
the stock market. It looks pretty well valued and a lot of people | :19:36. | :19:39. | |
think it looks a bit hot. And looking ahead to possible | :19:40. | :19:44. | |
interest-rate rises by the Fed next month, still likely that will | :19:45. | :19:49. | |
happen. The market are figuring 70, 80% probability of that happening | :19:50. | :19:55. | |
and also, as bonds begin to fall at interest rates go up, some people | :19:56. | :19:58. | |
are thinking that one of these days, the great rotation from buying | :19:59. | :20:02. | |
bonds, people say it has been a good market for a while, this is | :20:03. | :20:07. | |
government debt. As interest rates go up and inflation begins to pick | :20:08. | :20:12. | |
up, stocks are more attractive because you get a bit of inflation | :20:13. | :20:16. | |
protection because the goods and services companies sell go up in | :20:17. | :20:19. | |
line with rising prices. It is a much more inflation safe investment. | :20:20. | :20:26. | |
A better return at the end of the day. Quickly switching gears, the UK | :20:27. | :20:33. | |
political parties, their manifestos are out, the election pledges. On | :20:34. | :20:39. | |
this menu of options, some strong flavours compared to previous years. | :20:40. | :20:43. | |
You have the Labour Party wanting to nationalise the railways and | :20:44. | :20:50. | |
renationalise the Royal Mail and get involved in the energy companies. A | :20:51. | :20:54. | |
very left-wing agenda from the Labour Party. What you would expect | :20:55. | :20:58. | |
from Jeremy Corbyn who has been setting that store ad for some time | :20:59. | :21:02. | |
but what is perhaps more contract that swagger more surprising, the | :21:03. | :21:07. | |
Conservatives used to say, the markets get on with it -- what is | :21:08. | :21:12. | |
more surprising. A massive change in tone, they are saying Babel capped | :21:13. | :21:16. | |
energy prices and get involved in markets, have a close look at any | :21:17. | :21:22. | |
takeovers make sure they are any public interest. Much more of a | :21:23. | :21:25. | |
lurch to the left the right if you like. I have family visiting from | :21:26. | :21:32. | |
Australia, and they were saying, they were stunned. If they are | :21:33. | :21:37. | |
watching, they are lefties, labour, but they are saying that the Tory | :21:38. | :21:42. | |
manifesto is something like the Labour Party. It could read like an | :21:43. | :21:47. | |
old Labour Party manifesto and the interesting thing is, businesses I | :21:48. | :21:50. | |
have been talking to chief executives and getting their | :21:51. | :21:54. | |
reaction, and they say at the moment they feel pretty friendless, being | :21:55. | :21:57. | |
duffed up from the left and the right! Nobody wants or needs | :21:58. | :22:02. | |
business endorsement at the moment. The political climate has changed | :22:03. | :22:07. | |
and hanging out with the most rich and powerful people, the tourist | :22:08. | :22:10. | |
used to be relaxed about it but they may have realised it does not go | :22:11. | :22:14. | |
down well also -- the Tories used to be relaxed. The business community | :22:15. | :22:17. | |
is feeling a bit worried that their interests are not being noted. Thank | :22:18. | :22:20. | |
you very much. In a moment we'll take a look | :22:21. | :22:22. | |
through the business pages, but first here's a quick reminder | :22:23. | :22:25. | |
of how to get in touch with us. The businesslike page is where you | :22:26. | :22:32. | |
can stay ahead with all the breaking business news -- the Business Live | :22:33. | :22:40. | |
page. We will have analysis from all of our editors around the world. And | :22:41. | :22:44. | |
we want to hear from you as well, get involved on our web page on the | :22:45. | :22:52. | |
BBC website. We are on Twitter and you can find us on Facebook. | :22:53. | :22:59. | |
Business Live on TV and online whenever you need to know. | :23:00. | :23:01. | |
What other business stories has the media been | :23:02. | :23:03. | |
Lucy MacDonald, CIO, Global Equities at Allianz Global Investors | :23:04. | :23:06. | |
Thank you for coming back, you have been going through the pages and the | :23:07. | :23:16. | |
interesting stories in the Washington Post is that the US could | :23:17. | :23:23. | |
get the first family benefit under President, but will we see this | :23:24. | :23:27. | |
given the spotlight on the federal investigation? Will this be a policy | :23:28. | :23:30. | |
he can push through? It would be quite radical. Will any of them get | :23:31. | :23:37. | |
through?! The tax reform is most important, but this is catching up | :23:38. | :23:41. | |
with the rest of the civilised world. 21st-century America. Getting | :23:42. | :23:46. | |
a bit more support for working parents really. That is what we have | :23:47. | :23:52. | |
in Europe. And we can see that it is entirely compatible with business | :23:53. | :23:56. | |
working well. And it has come at a point where there are a lot of other | :23:57. | :23:59. | |
federal cuts going on across-the-board and it seems like | :24:00. | :24:02. | |
it is Ivanka Trump that is pushing this through. That is what is said | :24:03. | :24:09. | |
and it's not ridiculous. For the uninitiated who might not know the | :24:10. | :24:12. | |
American system, they get two weeks, a mother gets two weeks of maternity | :24:13. | :24:18. | |
and paternity probably doesn't exist. It really is not very | :24:19. | :24:23. | |
civilised. Compared to what is in Europe. What have you chosen for the | :24:24. | :24:31. | |
second story? This is a fizzy drink that is taking Australia by storm! | :24:32. | :24:38. | |
Have you heard of this? It is a new fizzy drink that is low sugar and it | :24:39. | :24:48. | |
is giving Coca-Cola run its money. There is real opportunity here. | :24:49. | :24:54. | |
There is and you can see it across the food and factoring areas with a | :24:55. | :24:56. | |
trend towards healthy food and drink. That is not surprising. I | :24:57. | :25:03. | |
haven't actually had any myself so I can't comment. I will have to ask my | :25:04. | :25:12. | |
Australian family, I have never heard of it. It is green the base. | :25:13. | :25:29. | |
It is seems like the healthy eating market is the way to go. It is a | :25:30. | :25:38. | |
clear trend. In all consumer markets, it is a very long | :25:39. | :25:41. | |
structural trend and it doesn't surprise me. Have a great weekend, | :25:42. | :25:47. | |
we did not even talk about the painting. 110 million! | :25:48. | :25:52. | |
Aaron is launching his new show in the afternoon soon, it is his last | :25:53. | :26:02. | |
day today. Goodbye! The last half year or so across the | :26:03. | :26:13. | |
UK the weather has | :26:14. | :26:14. |