Browse content similar to 02/08/2017. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from BBC News with Sally Bundock and Ben Thompson. | :00:00. | :00:13. | |
Still hungry for more apple. The tech giant expects big things for | :00:14. | :00:22. | |
the next I pone as it publishes its latest results. | :00:23. | :00:24. | |
Live from London, that's our top story | :00:25. | :00:26. | |
Growing demand for iPads and its other services helped deliver | :00:27. | :00:48. | |
an $11.3 billion profit and send Apple's shares to a new record high. | :00:49. | :00:51. | |
is President Trump about to take action against trade practices | :00:52. | :00:56. | |
Markets in Europe are mixed right now despite a record close the night | :00:57. | :01:04. | |
before on Wall Street and a strong session in Asia. | :01:05. | :01:11. | |
If you're going on holiday, what do you do with these things, your pets? | :01:12. | :01:16. | |
Would you let someone stay in home for free if they agree to look after | :01:17. | :01:21. | |
your pets for you? We will speak to the man who is trying to make a | :01:22. | :01:31. | |
business from that very idea! We want to know how far would you | :01:32. | :01:34. | |
relocate for work? Let us know - just use | :01:35. | :01:36. | |
the hashtag BBCBizLive. Yes, do send in your thoughts and | :01:37. | :01:54. | |
your questions about the stories we're covering. Including staying in | :01:55. | :01:59. | |
people's homes looking after their pets. | :02:00. | :02:01. | |
In a decade Apple has sold more than 1.2 billion iPhones and it | :02:02. | :02:08. | |
seems like the world's most valuable company. | :02:09. | :02:11. | |
It doesn't see any end to our enthusaism for one | :02:12. | :02:13. | |
of the 21st century's most revolutionary products. | :02:14. | :02:15. | |
It appeared to dismiss fears of a delay to the expected September | :02:16. | :02:18. | |
release of its latest model as it told us it made $45.1 billion | :02:19. | :02:21. | |
of sales in the three months from April to June. | :02:22. | :02:29. | |
So its shares have hit a record high in after-hours trading. | :02:30. | :02:36. | |
Apple made a pre-tax profit of $11.3 billion in those three | :02:37. | :02:39. | |
months from April to the end of June, helped by strong | :02:40. | :02:42. | |
This year the iPhone is ten years old, but it's not been | :02:43. | :02:54. | |
performing so well in China, where sales this quarter were flat | :02:55. | :02:56. | |
and total Chinese revenue for the company actually fell by 10% | :02:57. | :02:59. | |
compared to the same quarter last year. | :03:00. | :03:08. | |
Apple trails its arch rival Samsung for smartphone market share right | :03:09. | :03:13. | |
across the globe which some analysts say is a problem | :03:14. | :03:15. | |
for a company so reliant on handsets for its profits. | :03:16. | :03:20. | |
But one way Apple has tried to decrease its reliance on iPhone | :03:21. | :03:23. | |
sales is its growing range of services. | :03:24. | :03:25. | |
Those grew by 22% year on year in Q3, with the company raking | :03:26. | :03:28. | |
in $7.3 billion from things like its app store and | :03:29. | :03:30. | |
Bryan Glick, editor in chief at Computer Weekly is with me. | :03:31. | :03:44. | |
I'm interested in your thoughts first of all on the figures and | :03:45. | :03:50. | |
where the growth is coming from. Because it's a familiar tale, isn't | :03:51. | :03:55. | |
it? Some bits are doing well and some bits aren't, but the stand-out | :03:56. | :04:04. | |
services, and iPads? The iPad. This is the revolutionary product that | :04:05. | :04:08. | |
made Apple what it is today, but at the moment people aren't renewing | :04:09. | :04:12. | |
their phones as often. The pace of innovation in the hardware has | :04:13. | :04:15. | |
slowed down. People are hanging on to their phones for longer so they | :04:16. | :04:18. | |
are buying fewer and in Apple's particular case there will be some | :04:19. | :04:22. | |
new iPhones coming later this year so people are waiting to buy. They | :04:23. | :04:28. | |
referenced that in the figures that people might be waiting off waiting | :04:29. | :04:33. | |
for the new iPhone, they are thinking long-term it is good news? | :04:34. | :04:37. | |
Yeah, of course. Every time there is a new iPhone, there is a big peak in | :04:38. | :04:42. | |
sales as die hard iPhone fans wait to upgrade to whatever the new | :04:43. | :04:48. | |
device is. If there was a firm that changes behaviour, it's Apple. It | :04:49. | :04:51. | |
gets us to do things we never expected to be doing. Apple Pay, so | :04:52. | :04:57. | |
their mobile payment service accounting for nearly 90% of mobile | :04:58. | :05:01. | |
payment transactions. That's a huge slice of that market and one that | :05:02. | :05:04. | |
they have sort of created themselves? Because there is this | :05:05. | :05:09. | |
slowdown in the smartphone sales themselves, Apple wants to make, | :05:10. | :05:13. | |
wants to keep us tied into its devices, but it wants people to use | :05:14. | :05:17. | |
the devices for new things. So, you know, if Apple can't make as much | :05:18. | :05:21. | |
money as quickly from selling the devices themselves, it wants to make | :05:22. | :05:26. | |
as much money from what people are doing on their devices. Apple Pay | :05:27. | :05:30. | |
put them into the lead with that, being able to use it for payments, | :05:31. | :05:33. | |
here in London where we are, you are used to seeing people using public | :05:34. | :05:37. | |
transport by tapping their iment phone on to, as they get on to a bus | :05:38. | :05:44. | |
or an underground. That area of innovation and the branding Apple | :05:45. | :05:50. | |
has around that has given them a big lead in services over some of the | :05:51. | :05:58. | |
other smart based phones. 1.2 billion iPhones sold. So we look at | :05:59. | :06:01. | |
the numbers and it seems like it's up and up and China is a problem. A, | :06:02. | :06:07. | |
they have got a lot of tough competition and the regulatory | :06:08. | :06:10. | |
environment is tough too? The competition there is the big thing. | :06:11. | :06:15. | |
Apple is a premium product. They charge a lot of money for it. There | :06:16. | :06:19. | |
are a lot of much lower cost competitors in China based on the | :06:20. | :06:28. | |
android operating system, not just Samsung, but local Chinese providers | :06:29. | :06:33. | |
who are proving to be extremely popular and I guess there is a lot | :06:34. | :06:39. | |
of loyalty from Chinese customers to Chinese providers as well. So Apple | :06:40. | :06:45. | |
has got a challenge there to try and make the most of that premium | :06:46. | :06:48. | |
positioning that works very well for it in the rest of the world. Yeah, | :06:49. | :06:52. | |
it's a fascinating story and one we talk about a lot, but with good | :06:53. | :06:53. | |
reason, I think. Bryan, thank you. Let's take a look at some of | :06:54. | :06:58. | |
the other stories making the news: Profits are up at | :06:59. | :07:01. | |
Germany's Lufthansa - it's the world's tenth biggest | :07:02. | :07:03. | |
airline by passenger numbers. The company, which owns | :07:04. | :07:07. | |
several other airlines, made almost $876 million | :07:08. | :07:09. | |
in the three months to June which is 70% more than in | :07:10. | :07:11. | |
the same period last year. The carrier said it had got more | :07:12. | :07:15. | |
passenger on to its planes and its cargo business | :07:16. | :07:17. | |
performed much better. Just days after Apple yanked | :07:18. | :07:22. | |
anti-censorship tools off its app store in China, | :07:23. | :07:28. | |
another major American technology Amazon's service in China has | :07:29. | :07:31. | |
told its customers to stop using unauthorized virtual private | :07:32. | :07:37. | |
networks which are used to circumvent China's | :07:38. | :07:39. | |
censorship filters. The move appears to be part | :07:40. | :07:41. | |
of a wider government clampdown. It pays to dig - the mining giant | :07:42. | :07:53. | |
Rio Tinto has reported a 93% The Anglo-Australian miner | :07:54. | :07:56. | |
raked in $3.3 billion in the six months to June, | :07:57. | :07:59. | |
helped by higher commodity prices, but heavy rainfall in Australia hit | :08:00. | :08:02. | |
production of iron ore and coal. The United States is reported to be | :08:03. | :08:12. | |
considering taking action aginst what it considers to be China's | :08:13. | :08:15. | |
unfair trade practices. Yes, President Trump | :08:16. | :08:20. | |
is said to be close to starting an investigation | :08:21. | :08:29. | |
that could lead to tariffs What's this about? American business | :08:30. | :08:39. | |
and now the Trump administration believe that there isn't a level | :08:40. | :08:42. | |
playing field when it comes to trade between China and the United States. | :08:43. | :08:46. | |
They are particularly concerned about what they think is Chinese | :08:47. | :08:50. | |
firms stealing on some occasions intellectual property from American | :08:51. | :08:55. | |
companies. There has been a dispute between the US and China about the | :08:56. | :08:58. | |
idea of fair trade between the two countries, but now President Trump | :08:59. | :09:03. | |
has linked trade and any deal there with diplomacy and action over North | :09:04. | :09:07. | |
Korea and the crucial part to the rumours that we are hearing out of | :09:08. | :09:10. | |
Washington that some kind of investigation maybe ordered by the | :09:11. | :09:13. | |
president and possibly in a few months there maybe action and some | :09:14. | :09:16. | |
kind of trade war really between the two, or certainly the beginnings of | :09:17. | :09:20. | |
that, I think, crucial to that is the failure we have seen in the last | :09:21. | :09:24. | |
few days of the US Administration to try and force the Chinese to | :09:25. | :09:28. | |
persuade North Korea to give up its nuclear ambition. This is about | :09:29. | :09:32. | |
trade and diplomacy and we are seeing a change in attitude from the | :09:33. | :09:34. | |
Trump administration. Robin, thank you very much. | :09:35. | :09:41. | |
Something to keep a close eye on. The record night before on Wall | :09:42. | :09:44. | |
Street. We will hear more about that in a moment. That's how the Dow | :09:45. | :09:48. | |
ended. It's not far off 22,000 as you can see. In Asia, the story that | :09:49. | :09:52. | |
pushed the markets higher was Apple's results. Many tech companies | :09:53. | :09:57. | |
listed on markets in Asia. Companies based in Asia supply Apple. Make the | :09:58. | :10:02. | |
bits that goes in the iPhones. Let's move on to Europe. We've | :10:03. | :10:13. | |
mentioned the earnings stories. Will you have stories. Rio Tinto | :10:14. | :10:17. | |
continuing to push up the footsie 100. A mixed picture in Europe. | :10:18. | :10:20. | |
And Samira Hussain has the details about what's ahead | :10:21. | :10:22. | |
Electric car-maker Tesla will be reporting earnings on Wednesday. | :10:23. | :10:29. | |
It has been selling more of its model S and model X luxury | :10:30. | :10:32. | |
electric vehicles and that will likely boost | :10:33. | :10:34. | |
The trouble, of course, is that the company will continue | :10:35. | :10:37. | |
to post losses as production efforts for its mass market | :10:38. | :10:40. | |
Now the model 3 is Tesla's lowest priced electric car. | :10:41. | :10:48. | |
Investors will be looking for details about the car deliveries | :10:49. | :10:52. | |
for the second-half of the year as well as any changes | :10:53. | :10:55. | |
Also reporting earnings Time Warner, the success of the film Wonder Woman | :10:56. | :11:05. | |
will help boost revenue for the quarter, but investors | :11:06. | :11:07. | |
will be looking for details on AT's purchase of Time Warner. | :11:08. | :11:13. | |
Sap samira there with the details about Wall Street. | :11:14. | :11:16. | |
Joining us is Alex Dryden, global market strategist, | :11:17. | :11:18. | |
Welcome to Business Live. A new face on the programme. So let's stay in | :11:19. | :11:29. | |
America because yesterday, as Sally mentioned, the Dow did particularly | :11:30. | :11:33. | |
well and it was banking stocks that rose pretty sharply. Why? Well, | :11:34. | :11:37. | |
there is a couple of factors driving it. Good global growth has been | :11:38. | :11:42. | |
helpful for banks in the US and outside of the US, but also | :11:43. | :11:46. | |
deregulation and the talk of potentially rolling back some of the | :11:47. | :11:51. | |
regulation that was implemented after the financial crisis which has | :11:52. | :11:54. | |
eaten into some of the profits for the banks, the potential for that. | :11:55. | :11:58. | |
We are still talking about talk. We are not seeing much action when it | :11:59. | :12:01. | |
comes to financial regulation, but also other elements in the US | :12:02. | :12:06. | |
economy? Yes, there was a lot of hype at the end of 2016 about the | :12:07. | :12:12. | |
potential of fiscal stimulus. However, there has been quite a lot | :12:13. | :12:15. | |
of gridlock in Washington which has held back some of that potential and | :12:16. | :12:19. | |
maybe delayed it until 2018. We believe it will still come through, | :12:20. | :12:25. | |
but maybe not on the scale that people originally anticipated. The | :12:26. | :12:29. | |
weakness of the dollar and how that to an extent is actualing the | :12:30. | :12:32. | |
appetite for share markets because people are getting a return there. | :12:33. | :12:35. | |
What do you think will be the trigger for it to go the other way? | :12:36. | :12:40. | |
We're headed up and up and up, but it can't go on forever as we know | :12:41. | :12:45. | |
only too well? What we are looking at globally is the acceleration in | :12:46. | :12:48. | |
growth which has been going on for six to nine months. If we saw some | :12:49. | :12:54. | |
faltering in that, maybe we would start to see equity markets sell | :12:55. | :12:57. | |
off, but right now, we are looking at a good earnings season. US | :12:58. | :13:00. | |
earnings has been quite strong in the second quarter and that's | :13:01. | :13:04. | |
providing a nice support for US and global equity markets. A word on | :13:05. | :13:08. | |
tomorrow, the Bank of England, all eyes on that, what are we expecting? | :13:09. | :13:11. | |
There has been a lot of increasing anticipation of a rate hike from the | :13:12. | :13:15. | |
Bank of England. We believe that actually, without much sign of wage | :13:16. | :13:18. | |
growth coming through, that actually the Bank of England will stay on | :13:19. | :13:22. | |
pause this year. The markets are slowly waking up to that, but it | :13:23. | :13:27. | |
won't be until we get some clarity from tomorrow's meeting that the | :13:28. | :13:30. | |
Bank of England unlikely to raise rates this year in our view. We will | :13:31. | :13:34. | |
keep a close eye on that and you will be back to talk us through the | :13:35. | :13:36. | |
paper stories. Alex, thank you. Would you let someone stay in your | :13:37. | :13:48. | |
home for free if they agreed it look after your pets? Stay with us, | :13:49. | :13:57. | |
you're with Business Live from BBC News. | :13:58. | :14:01. | |
Prices in the shops continued to fall last month, | :14:02. | :14:06. | |
Food prices are going up, but they're going up less quickly. | :14:07. | :14:13. | |
The price of non-food items continues to fall. | :14:14. | :14:16. | |
Rachel Lund is head of retail insight and analytics | :14:17. | :14:18. | |
Good morning to you. A really different picture opens up, doesn't | :14:19. | :14:27. | |
it, we're used to the idea of prices starting to creep up. We're told | :14:28. | :14:32. | |
that inflation overall is on the way up, but there is a different picture | :14:33. | :14:36. | |
in the figures? Yes. That's right. What we have seen is since the | :14:37. | :14:40. | |
beginning of the year prices have crept up, but they have just come to | :14:41. | :14:44. | |
a halt this month because there was a number of dynamics in the market | :14:45. | :14:48. | |
playing out at the moment. So, talk us through the dynamics and what's | :14:49. | :14:52. | |
going to happen in the future? Because, of course, as we have said, | :14:53. | :14:56. | |
we're traying to get used to prices in food going up, partly because of | :14:57. | :14:59. | |
the browned and the Brexit scenario, but what is going to happen in the | :15:00. | :15:03. | |
months to come? Well, so you've got the impact of the currency | :15:04. | :15:08. | |
depression which has fed through into prices, but, into food prices, | :15:09. | :15:13. | |
but at the same time, you have got a highly competitive market in retail | :15:14. | :15:16. | |
as well which is keeping prices lower in some areas and particularly | :15:17. | :15:20. | |
on entry level products for retailers which is why we're seeing | :15:21. | :15:25. | |
particularly non food prices, those prices creep up slowly. Because | :15:26. | :15:29. | |
there was some big drops at the end of last year, year-on-year, there is | :15:30. | :15:37. | |
a lot of ground to make up. So what, how are retailers reacting. Asda, a | :15:38. | :15:41. | |
decline in sales. Some of them are really suffering, aren't they? Yes, | :15:42. | :15:44. | |
it is a challenging market and for retailers. A lot are having to think | :15:45. | :15:49. | |
hard about how they do things. As ever, there are some winners and | :15:50. | :15:52. | |
losers and what they are having to do is really innovate to capture a | :15:53. | :15:57. | |
smaller and smaller consumer budget. OK, for now, thank you for your | :15:58. | :16:01. | |
time. A look at the situation in the retail market in the UK. | :16:02. | :16:06. | |
A quick look at the Business Live page. The details as they come into | :16:07. | :16:13. | |
us are there. We told you about Trinity Mirror's results yesterday. | :16:14. | :16:18. | |
It is Johnson Press today. Owning a lot of regional papers in the UK. | :16:19. | :16:23. | |
Trading conditions, it says for regional newspapers in the UK remain | :16:24. | :16:27. | |
difficult, it is that crucial issue of advertising, much of that now | :16:28. | :16:34. | |
moved online. Away from traditional print publications and that's | :16:35. | :16:36. | |
hitting the bottom line for groups like that. | :16:37. | :16:43. | |
You're watching Business Live - our top story: | :16:44. | :16:46. | |
Once again Apple astounds. It made more than $11 billion in pre-tax | :16:47. | :16:57. | |
profits in April, May and June. I would like to be able to boast of | :16:58. | :17:00. | |
that. And it is interesting where that growth is coming from. Still | :17:01. | :17:05. | |
iPhones, iPads, but it is the services, things like Apple Pay, | :17:06. | :17:12. | |
that are doing really well. Let's look at the financial markets... | :17:13. | :17:21. | |
Europe seeing a bit of a mixed picture. The tech stock is doing | :17:22. | :17:25. | |
well, so anyone linked to Apple in any way is seeing their shares go | :17:26. | :17:27. | |
up. What we have spoken about, the big | :17:28. | :17:28. | |
disruption to traditional players. Would you let a total stranger stay | :17:29. | :17:36. | |
in your home for free - if they looked after your beloved | :17:37. | :17:39. | |
cat or dog? The website TrustedHousesitters says | :17:40. | :17:49. | |
it has nearly half a million They pay an annual membership | :17:50. | :18:00. | |
fee, and in exchange a person can stay free | :18:01. | :18:03. | |
in people's homes as long as they look after the pets - | :18:04. | :18:06. | |
which can mean everything from cats Who wrote this? | :18:07. | :18:09. | |
LAUGHTER But house sitting is | :18:10. | :18:11. | |
a competitive industry, with many global firms including | :18:12. | :18:13. | |
Nomador and Mind my House also There are also a lot of local people | :18:14. | :18:19. | |
who advertise. They don't have websites but are all over the local | :18:20. | :18:20. | |
media. Joining us now is Andy Peck, | :18:21. | :18:21. | |
chief executive and founder Good morning. Can we clear this up | :18:22. | :18:30. | |
once and for all? Does anyone have a giraffe? I'm not entirely sure | :18:31. | :18:33. | |
people have looked after giraffes, but the great thing is people can | :18:34. | :18:38. | |
find the right people... They are out there! That lady with a farm in | :18:39. | :18:42. | |
Botswana just waiting to sign up to Andy's service. How did it start? We | :18:43. | :18:47. | |
launched about seven years ago. We realised the need for a proper | :18:48. | :18:52. | |
solution to a common problem, in some time when a lot of people are | :18:53. | :18:55. | |
looking to go away on holiday and one of the biggest problems people | :18:56. | :18:58. | |
face is who will look after their home and their pets, we provide that | :18:59. | :19:03. | |
solution. A lot of people put pets into kennels, a lot of cost outlay | :19:04. | :19:06. | |
before you go away, and people don't have that peace of mind, or they | :19:07. | :19:15. | |
rely on friends and family, or are they pay a sitter, and why do that | :19:16. | :19:18. | |
when they can have someone who welcome to do it for free because | :19:19. | :19:22. | |
they love animals. Have to confess our dog sitting scenario when we | :19:23. | :19:28. | |
were going to go away, two days ago. I managed to fill the gap and did | :19:29. | :19:31. | |
not turn to your website, but when I thought about it, I thought, gosh, I | :19:32. | :19:36. | |
don't know if I would want a total stranger turning up to my home, a | :19:37. | :19:39. | |
stranger to my dog, they wouldn't know how to put the lead on, were to | :19:40. | :19:45. | |
walk the dog, there are so many things to tell that person, they | :19:46. | :19:49. | |
must be some sort of handover period, I assure, or do they arrived | :19:50. | :19:53. | |
early? How does it work? Yes, great question. Many people have those | :19:54. | :19:59. | |
concerns of course because their homes and pets are the most trusted | :20:00. | :20:02. | |
positions, so we have taken a lot of time ensuring that we provide the | :20:03. | :20:09. | |
best value proposition, so the pet can stay at home, people can find | :20:10. | :20:14. | |
online reviews about people coming to pet sit, we use industry-leading | :20:15. | :20:18. | |
trust and verification methods to ensure you can choose your ideal | :20:19. | :20:21. | |
person to come and look after your pets. Reputation is really | :20:22. | :20:25. | |
everything, so for example if you look at our online reviews, we have | :20:26. | :20:32. | |
more 5-star reviews than any pet company globally. If I went to New | :20:33. | :20:36. | |
York, and I don't have a pet, but pretend I do, so I went to New York | :20:37. | :20:42. | |
to look after someone's pet, the chances are I would want to do some | :20:43. | :20:46. | |
sightseeing, not just stay at home and looking at the pet. How much | :20:47. | :20:50. | |
time do people have to commit to walking the dog or whatever and not | :20:51. | :20:54. | |
just have a great time being on holiday? This goes back to Sally 's | :20:55. | :21:01. | |
point, depending on the needs of person have. Some people might need | :21:02. | :21:04. | |
a dog to be what three or four Mike Pence today, but if they might -- | :21:05. | :21:13. | |
three or four times per day, but they might have a cat that needs | :21:14. | :21:19. | |
looking after. We were pet sitting in New York in a beautiful | :21:20. | :21:23. | |
penthouse, fifth Ave, walking the dog every day, able to enjoy the | :21:24. | :21:26. | |
local environment like any pet owner would, but making sure the pet is | :21:27. | :21:30. | |
looked after. And away you make money, both sides put money in the | :21:31. | :21:34. | |
pot once a year? So those who look after pets and those who want people | :21:35. | :21:38. | |
to come to their home, they pay a fee, about ?90? But how does that | :21:39. | :21:42. | |
cover all your costs, insurance cover for things wrong in the house, | :21:43. | :21:53. | |
the pet dying, all these problems that could occur? We operate I think | :21:54. | :21:56. | |
a very efficient business in terms of the fact we are able to reinvest | :21:57. | :21:58. | |
everything we do into creating the business, so we are doubling in size | :21:59. | :22:01. | |
each year. Huge market, because 60% of Western world own a pet and it | :22:02. | :22:09. | |
helps save in pet care travel costs. We have members in 150 countries, | :22:10. | :22:13. | |
and that is why we are growing at quite a pace, because travel | :22:14. | :22:16. | |
companies are realising there's not a great solution at the moment, so | :22:17. | :22:22. | |
one in four pet owners for example at the moment don't travel, period. | :22:23. | :22:26. | |
So we can bridge that gap to help more people travel more often and | :22:27. | :22:30. | |
more affordably. Andy, nice to see you. Thanks for explaining all of | :22:31. | :22:34. | |
that. An interesting business, and also how it all came about. Andy | :22:35. | :22:40. | |
Peck there, the founder of TrustedHousesitters. Send in your | :22:41. | :22:43. | |
thoughts because I am sure you have views on that. Yes, and a lot of | :22:44. | :22:45. | |
tweets about reallocating for work. Germany's car manufacturers | :22:46. | :22:48. | |
could agree a plan to slash diesel It's now two years since some | :22:49. | :22:50. | |
of the country's biggest manufacturers were found guilty | :22:51. | :22:54. | |
of cheating emissions tests. Let's go live to Berlin and speak to | :22:55. | :23:03. | |
our correspondent Jenny Hill. Tell us more about this big gathering | :23:04. | :23:07. | |
today. Yes, it is worth noting first of all that air pollution in many | :23:08. | :23:11. | |
German cities now regularly exceeds the legal limit and that is what is | :23:12. | :23:15. | |
really concerning politicians, and they remained it is an election | :23:16. | :23:20. | |
year. It is being blamed the combustion engine. The city of | :23:21. | :23:24. | |
Stuttgart is looking at banning diesel cars outright from the city | :23:25. | :23:28. | |
and other cities may follow suit. Of course a huge headache for Germany's | :23:29. | :23:32. | |
all-powerful automotive industry. The idea of today's summit is not | :23:33. | :23:37. | |
just trying to restore the rather tarnished reputation of Germany's | :23:38. | :23:41. | |
car manufacturers, but is also looking at how to reduce that | :23:42. | :23:47. | |
pollution. Expect some compromise. Manufacturers may for example | :23:48. | :23:49. | |
retrofit 2 million or so of the older diesel cars on Germany's | :23:50. | :23:53. | |
Broads, but don't expect Germany to go as far as Britain and France and | :23:54. | :24:01. | |
commit to ending production of combustion engine cars altogether -- | :24:02. | :24:04. | |
the older diesel cars on Germany's roads. Jenny, thank you very much | :24:05. | :24:07. | |
indeed. A big issue for many major cities in the world actually, and I | :24:08. | :24:10. | |
am sure many will be watching about what goes on in Berlin. Thank you. | :24:11. | :24:16. | |
Yes, Alex Dryden is back to speak to us but what is happening in the | :24:17. | :24:21. | |
papers. This story about relocating. They are struggling to get their | :24:22. | :24:25. | |
staff to go with them, the US agency. The story is that 75% of | :24:26. | :24:29. | |
staff will not know. That will be a challenge for a lot of firms? Yes, | :24:30. | :24:33. | |
and at the moment we don't have a lot of details about how much access | :24:34. | :24:37. | |
companies will have to the European Union, so so those questions over | :24:38. | :24:41. | |
that. And there will be a number of firms going through this challenge. | :24:42. | :24:44. | |
It is very difficult to lift your workforce and just put them into | :24:45. | :24:50. | |
another place. They have families, kids at school, whatever it might | :24:51. | :24:53. | |
be. It will be more of a challenge. It is easier said than done. Ritual | :24:54. | :24:59. | |
has treated to say exactly that, disruption many times, with the | :25:00. | :25:02. | |
children, isolation from friendships -- Rachel has tweeted. This one | :25:03. | :25:14. | |
about relocating to Glasgow, like another planet. I relocated to | :25:15. | :25:18. | |
Bristol, wonderful. David says I worked in 15 different countries and | :25:19. | :25:21. | |
it was no problem for me. In fact I really enjoyed it. So it just | :25:22. | :25:26. | |
depends on the individual, doesn't it? Yes, and someone three months | :25:27. | :25:34. | |
ago, I relocated from London to New York and that was fantastic, | :25:35. | :25:37. | |
something I wanted to do. Having it forced upon you is a difficult | :25:38. | :25:42. | |
change. A big debate for many firms at the moment. Alex, really good to | :25:43. | :25:48. | |
see you. -- I relocated from New York to London. That is it from the | :25:49. | :25:52. | |
show today. We will be back at the same time and simplest tomorrow. I | :25:53. | :25:55. | |
will be here tomorrow. See you tomorrow. Goodbye. | :25:56. | :26:12. | |
Good morning. Changeable weather over the coming days and your | :26:13. | :26:20. | |
umbrella will certainly come in handy. Where it is drier, the | :26:21. | :26:21. |