Browse content similar to 01/08/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:07. | |
The energy giant BP delivers another strong profit | :00:08. | :00:12. | |
Live from London, that's our top story on Tuesday the 1st of August. | :00:13. | :00:32. | |
With BP's focus moving from old projects to new ones | :00:33. | :00:40. | |
and a massive writedown in Angola profits still came | :00:41. | :00:42. | |
Sony takes it to another level as it look at its biggest | :00:43. | :00:51. | |
The electronics giant has been selling lots of Playstations | :00:52. | :00:55. | |
We have all the details ahead for the trading day. And, do businesses | :00:56. | :01:11. | |
really know their customers? And we'll be getting | :01:12. | :01:13. | |
the inside track on how you build customer loyalty as your business | :01:14. | :01:15. | |
grows with the boss of Enflux, Anthony scurried she is fired after | :01:16. | :01:30. | |
ten days in the job, we want to know what the shortest job you have ever | :01:31. | :01:33. | |
had is... -- Anthony Scaramucci. Keep your comments coming in, use | :01:34. | :01:49. | |
the hashtag. I worked in a garden centre for five hours watering | :01:50. | :01:52. | |
hanging baskets, it was boring, short and paid a little bit of | :01:53. | :01:57. | |
money. Much like that, I was able to reach the top of the hanging | :01:58. | :02:00. | |
baskets. Good morning, let's make a start. | :02:01. | :02:01. | |
In the last hour and a half one of the world's largest energy | :02:02. | :02:04. | |
producers, the London listed BP has been telling us how much | :02:05. | :02:07. | |
money it's been making, and pension funds everywhere will be | :02:08. | :02:10. | |
relieved to see they are in the black. | :02:11. | :02:11. | |
Profits for the three months from April to June | :02:12. | :02:14. | |
came in at $684 million, that's using what's known | :02:15. | :02:16. | |
as the the replacement cost measure - and it's better than expected. | :02:17. | :02:23. | |
But - it's been hit by some big costs too. | :02:24. | :02:27. | |
It wrote off just over $750m for a gas project in Angola | :02:28. | :02:30. | |
that the company decided wasn't worth developing. | :02:31. | :02:35. | |
That tells you a lot about BP's broader strategy. | :02:36. | :02:46. | |
It's being more selective about its investments | :02:47. | :02:47. | |
The price of oil is down 10% compared to last year. | :02:48. | :02:51. | |
And it's also keeping costs down using data. | :02:52. | :02:53. | |
It's invested heavily in sensors to collect five million bits | :02:54. | :02:55. | |
of information from its facilities every single minute - | :02:56. | :02:57. | |
and it's using that to make those facilities run more efficiently. | :02:58. | :03:05. | |
Cailin Birch, Commodities Analyst at the Economist Intelligence | :03:06. | :03:09. | |
Good morning, thank you for coming in. Ben was going through the | :03:10. | :03:19. | |
numbers, give us your take on those results? As you said, they were | :03:20. | :03:24. | |
better than they expected, based on company surveys and market | :03:25. | :03:29. | |
expectations, it will boost BP in the near term, in what is a negative | :03:30. | :03:34. | |
time and uncertain for oil prices coming off quarter to. We have two | :03:35. | :03:41. | |
remember that this is lower than profits in the same quarter of 2016 | :03:42. | :03:45. | |
when oil prices were much weaker. Then we were expecting this year. We | :03:46. | :03:50. | |
have seen a significant impact on that right down. And that loss in | :03:51. | :03:59. | |
Angola continues to hurt BP, and whether it will improve | :04:00. | :04:03. | |
significantly? Costs have been going down, they have written off those | :04:04. | :04:09. | |
obligations for five years. What is important to notice is for companies | :04:10. | :04:13. | |
across the sector, efficiency will be key. Cutting down costs and | :04:14. | :04:18. | |
trying to be as efficient as possible, in investment and | :04:19. | :04:21. | |
operation expenditure, BP has a weight of debt to pay off and other | :04:22. | :04:27. | |
companies are not struggling. That is an issue, other oil majors have | :04:28. | :04:31. | |
become leaner and meaner, Shell is making more money and other | :04:32. | :04:36. | |
investors are looking at Shell or others as an alternative to BP? Some | :04:37. | :04:40. | |
are concerned that BP cannot stick to promises like dividend payments? | :04:41. | :04:46. | |
It is a real risk, BP has obligations to pay off and in the | :04:47. | :04:50. | |
medium term it will weigh on profitability which is why we see | :04:51. | :04:54. | |
the strategy we are looking at where BP has been shedding a lot of | :04:55. | :04:58. | |
profitable assets and the right thing in Angola is on the bottom | :04:59. | :05:05. | |
line -- the writedown. Every time they get a project which would | :05:06. | :05:09. | |
further add to their spending bill in the medium to long-term, they | :05:10. | :05:14. | |
become more efficient. Thank you very much indeed, an analysis of BP, | :05:15. | :05:16. | |
their shares are up over 2% on the news. And we | :05:17. | :05:22. | |
will take a full look at what the markets are doing later in the | :05:23. | :05:23. | |
programme. Let's take a look at some | :05:24. | :05:23. | |
of the other stories How prepared are banks | :05:24. | :05:26. | |
and insurance firms for Brexit? The newly-appointed head | :05:27. | :05:29. | |
of the UK parliament's Treasury Select Committee has | :05:30. | :05:31. | |
demanded the information, in one of her first moves | :05:32. | :05:32. | |
since taking on the role. In a letter to the bank's | :05:33. | :05:36. | |
Prudential Regulatory Authority, she asked for the key risks facing | :05:37. | :05:39. | |
the industries if there's no deal with the EU - | :05:40. | :05:42. | |
the so-called 'hard brexit'. Toshiba's shares have been | :05:43. | :05:56. | |
demoted to the second tier of the Tokyo Stock Exchange | :05:57. | :05:58. | |
because the value of everything it Toshiba, originally known | :05:59. | :06:01. | |
for its consumer electronics products, has faced a series | :06:02. | :06:04. | |
of financial difficulties, with the biggest the huge losses | :06:05. | :06:06. | |
at its US nuclear power division. Apple and Google have removed over | :06:07. | :06:10. | |
300 so-called binary trading applications | :06:11. | :06:12. | |
from their online stores. That's after intervention | :06:13. | :06:15. | |
by the Australian Securities Investments Commission, | :06:16. | :06:16. | |
which said it made the request to the companies after numerous | :06:17. | :06:18. | |
cases of fraud involving unlicensed The apps encourage consumers to make | :06:19. | :06:21. | |
bets on whether shares A really busy day for earnings and | :06:22. | :06:43. | |
among them is the Japanese technology giant Sony. | :06:44. | :06:48. | |
period, leaving it on course for its highest annual | :06:49. | :06:53. | |
It's interesting, we have talked about their woes for so long. | :06:54. | :06:56. | |
It is really interesting, so many well-documented problems for Sony | :06:57. | :07:06. | |
and now it appears that they are on the up again? It is a first for the | :07:07. | :07:14. | |
Japanese company, they beat analyst expectations with a threefold jump, | :07:15. | :07:20. | |
with operating profits of almost $1.5 billion, due to its strong | :07:21. | :07:25. | |
demand for smartphones, healthy sales of the PlayStation for | :07:26. | :07:29. | |
consoles and games, and in the box office they see success with | :07:30. | :07:34. | |
Spiderman Homecoming, so hopes that earnings will be strong for the film | :07:35. | :07:40. | |
division. As you mention, this comes after a tough year for the company | :07:41. | :07:45. | |
including an earthquake which crippled camera chip production and | :07:46. | :07:51. | |
a $1 million writedown of the film division. We will keep an eye on | :07:52. | :07:57. | |
that, on track for their best figures in nearly 20 years, whether | :07:58. | :07:58. | |
it will play out we will find out. Those good figures from Sony - | :07:59. | :08:01. | |
and a similar update from Panasonic wasn't enough | :08:02. | :08:03. | |
to keep their shares afloat. Toshiba down 2.2%, after reporting | :08:04. | :08:07. | |
a rise in profits, but sales fell But the overall market | :08:08. | :08:10. | |
ended the session higher as earnings season picked up - | :08:11. | :08:19. | |
and investors reassured that there's Earnings season too in the UK - | :08:20. | :08:22. | |
engine maker Rolls-Royce telling investors that engine deliveries | :08:23. | :08:33. | |
rose sharply helping it report a pre-tax profit of ?1.94 billion | :08:34. | :08:38. | |
for the six months to June, that's a reversal of a loss | :08:39. | :08:41. | |
of #2.15 billion loss over In the US later, we'll hear | :08:42. | :08:43. | |
from Apple and Pfizer - Samira has those | :08:44. | :08:55. | |
details from New York. The big news for Tuesday will | :08:56. | :09:08. | |
certainly be Apple, due to report earnings after the bell and the key | :09:09. | :09:11. | |
metric investors will be looking at our sales of the iPhone. Sales for | :09:12. | :09:16. | |
the iPhone seven and seven plus have been really strong which is likely | :09:17. | :09:20. | |
to boost revenue for the company. But there is some worry that | :09:21. | :09:23. | |
customers may delay upgrading their phones in favour of the next device. | :09:24. | :09:28. | |
Apple usually releases a new smartphone in September but that | :09:29. | :09:35. | |
could be delayed until October. Also reporting on Tuesday, pharmaceutical | :09:36. | :09:46. | |
giant Pfizer, demand for breast cancer treatment and rheumatoid | :09:47. | :09:48. | |
arthritis drugs will lift earnings for the company but the looming | :09:49. | :09:50. | |
patent exploration of drugs like Viagra has investors focusing on | :09:51. | :09:52. | |
plans to resuscitate the great engine and whether deals are on the | :09:53. | :09:54. | |
table. Some era patent expiring on Viagra, write | :09:55. | :10:03. | |
your Aston 's please!? Joining us is Richard Fletcher, | :10:04. | :10:06. | |
business editor at The Times. It's good to see you. Let's talk | :10:07. | :10:14. | |
about a couple of stories in the news, British American Tobacco, this | :10:15. | :10:20. | |
Serious Fraud Office are launching an investigation? A long-running | :10:21. | :10:27. | |
enquiry, Panorama had a programme about what the business and some of | :10:28. | :10:32. | |
its agents in Africa were up to, with internal investigations they | :10:33. | :10:35. | |
tried to play down allegations at the time that there was an | :10:36. | :10:38. | |
announcement at the time that the Serious Fraud Office is going to | :10:39. | :10:42. | |
look at this, a lot of UK companies have been caught up by what has | :10:43. | :10:47. | |
happened overseas but it is another blow for the business. The FDA and | :10:48. | :10:53. | |
the US announced on Friday that they want to reduce nicotine to | :10:54. | :10:57. | |
nonaddictive levels in cigarettes, they cannot ban them but they can | :10:58. | :11:01. | |
reduce the levels of nicotine which hit producers around the world, | :11:02. | :11:06. | |
including VAT, they continue to sell off yesterday. I looked a moment ago | :11:07. | :11:12. | |
and they are up a fraction -- BAT, but it is another blow. The White | :11:13. | :11:17. | |
House saga continues in America, we love the drama but the dollar | :11:18. | :11:22. | |
doesn't? The president was tweeting yesterday about a record high. | :11:23. | :11:26. | |
Markets, but not the dollar. A fifth monthly decline for the dollar, the | :11:27. | :11:33. | |
worst since April 20 11. The markets are split by two things, the chaos | :11:34. | :11:37. | |
in the White House and what it means not only for his reform and | :11:38. | :11:44. | |
infrastructure spending and tax reform... This is the firing of | :11:45. | :11:48. | |
Anthony Scaramucci, the communications director? It is the | :11:49. | :11:54. | |
latest in chaos, and they are spooked by the fact it looks like | :11:55. | :12:00. | |
the Fed isn't going to do reforms and we will not get a rise in | :12:01. | :12:04. | |
September. Some in government like a weaker dollar, that is a good thing? | :12:05. | :12:10. | |
It is 10% down on the year. What is the shortest job you have ever had? | :12:11. | :12:16. | |
I got a tryout for the milkman, I did a paper round, the milkman said | :12:17. | :12:22. | |
that he would pay me more, I did today, I dropped too mini bottles, I | :12:23. | :12:26. | |
was never invited back! We've heard about yours... There is a food theme | :12:27. | :12:33. | |
going... Mine was five hours doing hanging | :12:34. | :12:36. | |
baskets! We have some brilliant tweets from | :12:37. | :12:41. | |
you, Christian, not even a day in a cheese factory, I was sick on the | :12:42. | :12:45. | |
shop floor, straight out the door and never to return. I agree! And | :12:46. | :12:50. | |
another Ben, two days of Strawbridge picking with my leg in plaster as a | :12:51. | :12:57. | |
teenager -- strawberry picking. My mum said I could not laze around for | :12:58. | :13:02. | |
the summer. And Stevie, putting the colour labels on lipsticks when I | :13:03. | :13:07. | |
was a teenager, I lasted two hours until tea break. Where is your | :13:08. | :13:13. | |
staying power? Send us in more! Thank you so much for coming in | :13:14. | :13:14. | |
today, Richard. Do businesses really know their | :13:15. | :13:27. | |
customers? We get the inside track. How do they keep customers loyal? | :13:28. | :13:34. | |
The firm Enflux claim they have 18,000 sources of information about | :13:35. | :13:37. | |
us. You're with Business | :13:38. | :13:38. | |
Live from BBC News. Energy giant British Gas is to raise | :13:39. | :13:42. | |
electricity prices by 12.5% from mid-September - | :13:43. | :13:45. | |
but gas prices will be kepy on held. from mid-September - | :13:46. | :13:50. | |
but gas prices will be kept on held. It means the average annual bill | :13:51. | :13:52. | |
for a typical household will go Ian Conn is the Chief Executive | :13:53. | :13:55. | |
of parent company Centrica, he explained why to our business | :13:56. | :14:02. | |
editor, Simon Jack. The reason for this is the | :14:03. | :14:13. | |
transmission and distribution costs have been going up, as well as the | :14:14. | :14:18. | |
environmental and social policy costs, and recently we have actually | :14:19. | :14:23. | |
been selling electricity at a loss. Those are the reasons we've had to | :14:24. | :14:27. | |
put up prices, beginning in the middle of September. The overall | :14:28. | :14:30. | |
impact for the average dual fuel bill is 7.3%. Or, ?76. This will | :14:31. | :14:40. | |
affect 3.1 million of our customers, out of a total of 8.4 million. | :14:41. | :14:48. | |
Defending that 12.5% rise in electricity prices, business editor | :14:49. | :14:51. | |
Simon Jack joins us from our business newsroom. What did you make | :14:52. | :14:55. | |
of what was said and why they are rising prices? We are used to | :14:56. | :14:59. | |
hearing energy companies say that the main reason they raise prices is | :15:00. | :15:05. | |
because of the price they pay, the wholesale markets for electricity, | :15:06. | :15:08. | |
that has gone up and they are passing it along. They acknowledged | :15:09. | :15:13. | |
this time that since they put on this freeze in prices back in | :15:14. | :15:16. | |
December, wholesale costs have gone down. They say, it is not our fault | :15:17. | :15:22. | |
but the fault of renewables and government policy. Renewable energy | :15:23. | :15:26. | |
at the moment costs a little more than gas generating electricity and | :15:27. | :15:31. | |
that has been passed on, and also connecting renewable sources to the | :15:32. | :15:34. | |
grid which brings gas and electricity into our homes, costing | :15:35. | :15:40. | |
money and the government's historic policy of allowing people to | :15:41. | :15:42. | |
generate their own electricity and sell it back to the great takes | :15:43. | :15:48. | |
administering and that costs money too. They say it isn't their fault, | :15:49. | :15:51. | |
they are selling at a loss but this will be a big blow to 3.1 million | :15:52. | :15:56. | |
customers but could push up inflation as it is a big component | :15:57. | :16:01. | |
of many household bills. Simon Jack, thank you. More on that story on the | :16:02. | :16:03. | |
website. House price inflation continues to | :16:04. | :16:12. | |
rise. UK house prices up just 0.3% month on month. Full details, as you | :16:13. | :16:17. | |
can see, on the BBC Business Live page. | :16:18. | :16:23. | |
You're watching Business Live. Our top story: | :16:24. | :16:27. | |
Shares in BP are on the up. They posted a second quarter profit of | :16:28. | :16:36. | |
$684 million. A quick look at what the wider markets are doing. | :16:37. | :16:39. | |
Reporting season is well under way. We have had a whole raft of figures | :16:40. | :16:44. | |
this morning as Sally said from BP. We've heard from Toshiba and Sony | :16:45. | :16:47. | |
and from Rolls-Royce. If you're a small business, | :16:48. | :16:51. | |
getting to know your customers is pretty easy, but as firms grow - | :16:52. | :16:56. | |
that gets more and more difficult. But knowing your customers helps | :16:57. | :16:59. | |
firms build loyalty, So companies are turning to social | :17:00. | :17:02. | |
media sites like Twitter, Facebook and Instagram to predict | :17:03. | :17:08. | |
what their customers want. One of the tools to do | :17:09. | :17:12. | |
that is called Enflux. It says it analyses millions | :17:13. | :17:16. | |
of social media posts and brings together 18,000 | :17:17. | :17:18. | |
different sources of data. It's just one of many | :17:19. | :17:22. | |
firms that do the same including Simply Measured, | :17:23. | :17:27. | |
Brandwatch and Social Bakers Joining us is Avery Booker, | :17:28. | :17:29. | |
the Chief Executive of Enflux. Good morning. Good morning. So just | :17:30. | :17:43. | |
tell us a bit about the background here. This company, which you've | :17:44. | :17:47. | |
started, has been running for a few years. Prior to that you were | :17:48. | :17:50. | |
working in the luxury goods market. Just talk us through how this all | :17:51. | :17:55. | |
materialised? Sure. So, one thing I saw as a consultant was that most of | :17:56. | :18:00. | |
the companies in the world were spending millions and didn't know | :18:01. | :18:03. | |
the full effects of what they were doing. They were using gut instinct | :18:04. | :18:07. | |
and data here and there, but they didn't know what was going to be the | :18:08. | :18:12. | |
next trnd. Really, not knowing the next thing to come will always keep | :18:13. | :18:17. | |
you one step behind. The started the company to really not use | :18:18. | :18:22. | |
retrospective data, but to take the data in real-time and shape the | :18:23. | :18:26. | |
predictions and say this is what we expect to happen in three months or | :18:27. | :18:30. | |
six months. What your predictions provide for quite a few of your | :18:31. | :18:35. | |
clients is not just information about what somebody might buy next, | :18:36. | :18:42. | |
ie the next handbag, it's, they use this data to decide where the next | :18:43. | :18:46. | |
store be or where they should expand? We have done everything from | :18:47. | :18:53. | |
telling a company that they have under served markets in America. So | :18:54. | :19:00. | |
we found six, served under served markets that like your product, but | :19:01. | :19:05. | |
don't have it. Where should be the next store be? Where should the next | :19:06. | :19:10. | |
event be? Where does this data come from. We talk about social media, is | :19:11. | :19:16. | |
it as simple as that person says this person says they want to buy a | :19:17. | :19:21. | |
bag in Paris. We take all the context that somebody puts out in | :19:22. | :19:24. | |
the world and it is all public data. So we take the information and put | :19:25. | :19:29. | |
it in this data engine and we can infer this person lives in Paris and | :19:30. | :19:33. | |
wants to go shopping in London. How do you make the distinction between | :19:34. | :19:37. | |
what is maybe wishful thinking? We know social media is always about | :19:38. | :19:40. | |
presenting a better version of ourselves. So maybe I have lots of | :19:41. | :19:47. | |
money and I want to buy lots of handbags in Paris. That's not always | :19:48. | :19:51. | |
the reality? We try to do what we can to see what matters to the | :19:52. | :19:56. | |
consumers and the brands can put it out in the world. It is the brand's | :19:57. | :20:01. | |
job to make that sale. Are you going to move into the area of artificial | :20:02. | :20:05. | |
intelligence as well? Are you already working in that area? We are | :20:06. | :20:09. | |
already working in that area. A lot of, we need a lot of that because we | :20:10. | :20:15. | |
are pulling in this real-time data. We can't do that without AI. We are | :20:16. | :20:20. | |
not doing it in any way that's spooky. That is what worries me. I | :20:21. | :20:25. | |
have got one of these things in my kitchen and I make sure she is | :20:26. | :20:28. | |
switched off, from my point of view, she is listening to what everything | :20:29. | :20:33. | |
I say. We do a bit of that, but not the spooky stuff. We are used to | :20:34. | :20:37. | |
firms tracking our spending habits and behaviour, be it with loyalty | :20:38. | :20:40. | |
cards, club cards, credit cards, where does the next ten years take | :20:41. | :20:44. | |
us? That relationship has changed significantly over the last decade. | :20:45. | :20:47. | |
I imagine there is huge changes on the way. The companies are going to | :20:48. | :20:52. | |
know much more about us in ten years than they do today, that's the | :20:53. | :20:55. | |
spooky part. What is going to happen, right now companies are | :20:56. | :20:59. | |
using this data, but in ten years, consumers will use this data, if | :21:00. | :21:02. | |
they want to get in shape, they will be using more big data to figure out | :21:03. | :21:08. | |
where should I go, what should I do? Do you have to do the same technique | :21:09. | :21:12. | |
on your own business to make sure you're still around in ten years? We | :21:13. | :21:15. | |
are taking a bit of our own medicine, that's true. There are a | :21:16. | :21:20. | |
lot of companies like that you that offer Burberry the same service? I | :21:21. | :21:24. | |
think that services are a bit different. A lot of people use the | :21:25. | :21:29. | |
data to shape today, but we use today's data to shape what we expect | :21:30. | :21:33. | |
to happen tomorrow and that's a more difficult proposition. Thank you for | :21:34. | :21:37. | |
coming in. Your shortest job? I painted fences for a week in Texas | :21:38. | :21:41. | |
in the summer time. That must have been... That was a rough one. It was | :21:42. | :21:46. | |
pretty boring. That sounds pretty rough to me. I will reveal mine in a | :21:47. | :21:50. | |
few minutes. Stay with us. Stay tuned for that! | :21:51. | :21:53. | |
The UK Government is challenging the likes of Facebook, | :21:54. | :21:55. | |
Twitter and Google to do more to remove online extremist content | :21:56. | :21:57. | |
online which it says is fuelling terrorism. | :21:58. | :21:59. | |
The Home Secretary Amber Rudd has been meeting the companies | :22:00. | :22:02. | |
at a technology summit in San Francisco from | :22:03. | :22:04. | |
Organised police say with the help of social media. | :22:05. | :22:15. | |
So companies here in Silicon Valley are being told they must do more | :22:16. | :22:19. | |
to prevent the spread of extremist content online. | :22:20. | :22:22. | |
What I need them to acknowledge is that the enemy, who is really | :22:23. | :22:26. | |
trying to move swiftly online, to radicalise people | :22:27. | :22:28. | |
in their own homes, are really stepping their game up | :22:29. | :22:30. | |
and we need our response stepped up as well. | :22:31. | :22:35. | |
And there is also a concern that new measures might mean a loss | :22:36. | :22:39. | |
It's not possible to say we're going to monitor | :22:40. | :22:47. | |
all communications on our platforms, but still preserve users privacy. | :22:48. | :22:50. | |
They may attempt to minimise the impact on users privacy. | :22:51. | :22:55. | |
They have to face up, people who might oppose this, | :22:56. | :22:58. | |
They're trying to weaponise people at home. | :22:59. | :23:05. | |
Another worry as security experts will tell you is that terrorists | :23:06. | :23:08. | |
could simply move to harder to reach parts of the internet. | :23:09. | :23:16. | |
Nice to see you Dominic. So the papers, online media, all over the | :23:17. | :23:29. | |
firing of Scaramucci after just ten days as communications director in | :23:30. | :23:33. | |
the White House. Your thoughts? Well, the wider impact is, of | :23:34. | :23:37. | |
course, about the end of the Trump bump and how business is losing | :23:38. | :23:40. | |
confidence in Trump's ability to deliver. Turmoil in the White House | :23:41. | :23:44. | |
is not good for the dollar. The dollar had its worst run of the year | :23:45. | :23:51. | |
in the last week because this turmoil speaks to turmoil's ability, | :23:52. | :23:56. | |
make America great, reinvestment in the US manufacturing base. People | :23:57. | :23:59. | |
now doubt that those things can actually happen. That those prom us | :24:00. | :24:04. | |
will be made good and the departure of Scaramucci is another example of | :24:05. | :24:08. | |
this turmoil and it has hurt the dollar. The conspiracy theorists | :24:09. | :24:16. | |
would have it is just a distraction. The problem is what's the evidence | :24:17. | :24:20. | |
of that? Although there is the other school of thought is that Trump is | :24:21. | :24:24. | |
all and in his business life has been destruction to create the | :24:25. | :24:28. | |
other. You go in and you shape things up and change the way of | :24:29. | :24:33. | |
doing things and build again the way you want it and it pays off. That | :24:34. | :24:36. | |
might be true in the business world, if you are a new Chief Executive, | :24:37. | :24:42. | |
you can sack everybody. It is not as if he inherited these people in the | :24:43. | :24:47. | |
White House. He built them up. There is the new Chief-of-Staff who says | :24:48. | :24:51. | |
you're fired. It wasn't Trump, remember. We think that. Your | :24:52. | :24:58. | |
shortest job? A couple of weeks in a bakery job. Why a few weeks? There | :24:59. | :25:08. | |
were issues with management! LAUGHTER | :25:09. | :25:10. | |
Did buns fly around in the rage? Buns were flying! What's yours? I | :25:11. | :25:16. | |
was the boss's daughter. So, of course... Oh, here we go. I never | :25:17. | :25:21. | |
got the sack. He ran his own printing factory. He could have | :25:22. | :25:24. | |
sacked me many, many times, but I stayed fort duration. It cost him, I | :25:25. | :25:30. | |
think, his earnings were lower than expected due to bad issues, family | :25:31. | :25:35. | |
issues! Let's take some more from the viewers. Simon, "One shift in a | :25:36. | :25:40. | |
chicken factory. The smell was sickening, I didn't go back." I | :25:41. | :25:45. | |
lasted one day at a call centre. I saw the supervisor mooching around | :25:46. | :25:50. | |
so I thought I was allowed to and I was not! " Dominic, thank you for | :25:51. | :25:56. | |
your time. Nice to see you. Thanks for your company and thanks for your | :25:57. | :26:00. | |
comments. We will see you tomorrow. Have a really good day. Bye-bye. | :26:01. | :26:06. | |
Good morning. It is the first day of August and the weather is looking | :26:07. | :26:12. | |
pretty unsettled for the first week of the month. Low pressure is in | :26:13. | :26:16. | |
charge of our weather. There is another area of low pressure pushing | :26:17. | :26:19. | |
in tomorrow bringing more wet and windy | :26:20. | :26:20. |