0:00:02 > 0:00:11This is Business Live from BBC News with Ben Thompson and Sally Bundock.
0:00:11 > 0:00:13A focus on the future.
0:00:13 > 0:00:19A major summit between leaders from the EU and Africa
0:00:19 > 0:00:21kicks off in Ivory coast, but will it really
0:00:21 > 0:00:22boost development?
0:00:22 > 0:00:25Live from London, that's our top story on Wednesday, 29th November.
0:00:47 > 0:00:51Can EU money give Africa the economic boost it needs? Britain
0:00:51 > 0:00:55makes a significantly higher offer to settle its Brexit divorce bill so
0:00:55 > 0:00:59says the media, so will this clear the way for trade talks to finally
0:00:59 > 0:01:04begin? And on financial markets, you can see this is how Europe is faring
0:01:04 > 0:01:10at the moment. On the minds of traders, all sorts. A missile launch
0:01:10 > 0:01:14out of North Korea, US tax reform, the Fed and Bitcoin. We'll talk you
0:01:14 > 0:01:20through the movers and the shakers.
0:01:20 > 0:01:22And we'll be getting the inside track on testing for diabetes -
0:01:22 > 0:01:24without drawing blood.
0:01:24 > 0:01:27We will meet the man behind the firm that says it is using just
0:01:27 > 0:01:31lasers to instantly find out your glucose levels.
0:01:31 > 0:01:35He will be here to explain how it works.
0:01:35 > 0:01:39And amid new warnings that robots will force 700 million workers
0:01:39 > 0:01:43into new jobs over the next decade, we want to know - what job do
0:01:43 > 0:01:46you hate and would happily let a robot do for you?
0:01:46 > 0:01:50Let us know, use the hashtag BBC BizLive.
0:01:55 > 0:02:00Hello and welcome to Business Live.
0:02:00 > 0:02:04Don't hold back, but keep it clean so we can share your suggestions
0:02:04 > 0:02:08with our viewers on Business Live!
0:02:08 > 0:02:10Rarely can the west African nation of Ivory Coast have
0:02:10 > 0:02:11seen anything like it.
0:02:11 > 0:02:15Dozens of EU and African leaders are gathering to discuss how the two
0:02:15 > 0:02:19continents can work together to improve their citizens lives.
0:02:19 > 0:02:21Both sides have a lot at stake.
0:02:21 > 0:02:23Although it's fallen substantially, migration has been one
0:02:23 > 0:02:29of the defining issues.
0:02:29 > 0:02:321.75 million people made the journey to Europe over the last four years.
0:02:32 > 0:02:38With many coming through Africa even if they started elsewhere.
0:02:38 > 0:02:46Many Africans have been pushed to leave by poverty
0:02:46 > 0:02:50and war the EU and it's member states are already providing almost
0:02:50 > 0:02:55$24 billion a year in long-term economic development funding.
0:02:55 > 0:02:57There are also calls for more bilateral trade
0:02:57 > 0:03:03between the two continents.
0:03:03 > 0:03:09Last year they sold each just over $311 billion worth of goods -
0:03:09 > 0:03:19with Africa buying more from the EU than the EU bought from Africa.
0:03:19 > 0:03:25Africa is a young Continent. 60% of the population is under 25.
0:03:25 > 0:03:28Unemployment though is a massive problem and it is only getting
0:03:28 > 0:03:33worse. The number of young people is expected to double in the next
0:03:33 > 0:03:40decade. TRANSLATION:Every year we have more
0:03:40 > 0:03:46than 5,000 students who graduate from university and less than 5%
0:03:46 > 0:03:51find a job. Because of all the difficulties, we know more and more
0:03:51 > 0:03:56young people who aspire to go abroad to foreign countries and Europe to
0:03:56 > 0:04:02follow their dream.More than two-thirds of young people in Africa
0:04:02 > 0:04:08work in the informal economy. There is no insurance. No safety net and
0:04:08 > 0:04:13incomes hover around $2 a day. 20-year-old Natalie left school-aged
0:04:13 > 0:04:20seven. When she is not selling vegetables, she is making clothes.
0:04:20 > 0:04:25TRANSLATION:I would like to open a bigger sewing workshop and open
0:04:25 > 0:04:29other workshops too, but I don't have money to do that. If I had
0:04:29 > 0:04:33someone who could invest in me, that would be great. We're asking the
0:04:33 > 0:04:41world to help young people here.The future of young people is what
0:04:41 > 0:04:44presidents, Prime Ministers and policy makers are in Abidjan to talk
0:04:44 > 0:04:50about. Jobs, education, and the crucial question, how to keep them
0:04:50 > 0:04:54from making the deadly journey to Europe?I think it is very
0:04:54 > 0:04:58understandable that young people look to go to places where they have
0:04:58 > 0:05:03opportunities to develop. So, I think, our challenge and our task is
0:05:03 > 0:05:08really to create such an environment here because I mean I think it's
0:05:08 > 0:05:13very human that any human would stay in the place where he or she was
0:05:13 > 0:05:17born in there are opportunities on the ground.
0:05:17 > 0:05:21Hundreds of thousands of young Africans make the treacherous trip
0:05:21 > 0:05:25to Europe every day. If their situations at home don't change,
0:05:25 > 0:05:34this is only going to get worse.
0:05:34 > 0:05:37It appears there MAY have been a breakthrough in one of the key
0:05:38 > 0:05:39sticking points over Brexit.
0:05:39 > 0:05:41Yes, the UK has made a bigger offer to the EU for
0:05:41 > 0:05:43the so-called divorce payment.
0:05:43 > 0:05:48That could pave the way for trade talks to begin.
0:05:48 > 0:05:54Leila Nathoo is our correspondent at Westminster.
0:05:54 > 0:05:57It is interesting this, a lot of people have been hanging on to every
0:05:57 > 0:06:01word about whether there is or there is not a deal, but the big question
0:06:01 > 0:06:05is if there is a deal, how much is it going to cost the UK?This has
0:06:05 > 0:06:11been one of the most politically sensitive parts of the whole Brexit
0:06:11 > 0:06:15procession the cost of leaving, how much money will we claim from the EU
0:06:15 > 0:06:18when Britain leaves and how much money will we have to pay out in
0:06:18 > 0:06:23order do so? Theresa May had made an offer in her Florence speech, the
0:06:23 > 0:06:27major Florence speech that Britain was going to continue paying into
0:06:27 > 0:06:31the EU budget until 2020, so no country would be left worse off or
0:06:31 > 0:06:34no other EU country would have to pay more. Brussels made it clear
0:06:34 > 0:06:39that wasn't enough and they were expecting a bigger offer, but last
0:06:39 > 0:06:47week, Theresa May had managed to get her Cabinet Ministers on side to
0:06:47 > 0:06:51persuade them, even Brexiteers that actually upping the financial offer
0:06:51 > 0:06:55was what was needed to persuade Brussels to get those talks on to
0:06:55 > 0:06:59trade. Now, this is all in the lead-up to a summit in a couple of
0:06:59 > 0:07:03weeks' time when EU leaders will decide whether sufficient progress
0:07:03 > 0:07:08has been made on the so-called divorce matters of which the Brexit
0:07:08 > 0:07:13bill was one of the main sticking points. So, we understand now that
0:07:13 > 0:07:18the Government has made this revised offer, although the upper limit that
0:07:18 > 0:07:21we understand, 55 billion euros is something that the British
0:07:21 > 0:07:24Government is saying it is not recognising and certainly no
0:07:24 > 0:07:28specific figure has been agraoud yet, neither side are confirming
0:07:28 > 0:07:32anything of the sort, but it is understood that that has been
0:07:32 > 0:07:36broadly welcomed in Brussels and so, it seems one of the major obstacles
0:07:36 > 0:07:44so far seems to be receding.Thank you very much indeed.
0:07:44 > 0:07:49So Downing Street being tight lipped about the numbers, but just talking
0:07:49 > 0:07:54in Berlin, the European chief Brexit negotiator, that's Michel Barnier,
0:07:54 > 0:07:57he actually said to his audience in Berlin, the security conference
0:07:57 > 0:08:01there, that he hopes to report in the coming days, an agreement with
0:08:01 > 0:08:05Britain on the financial terms of withdrawal. So the impression we are
0:08:05 > 0:08:10getting is that a deal has been done, but as we say, we don't know
0:08:10 > 0:08:14the actual figures. Yes, watch this space.
0:08:14 > 0:08:17Let's take a look at some of the other stories making the news.
0:08:17 > 0:08:22The London Stock Exchange says chief executive Xavier Rolet will step
0:08:22 > 0:08:24down with immediate effect and chairman Donald Brydon will not
0:08:24 > 0:08:32stand for re-election in 2019.
0:08:32 > 0:08:35It follows speculation that Mr Rolet, who has been in the top
0:08:35 > 0:08:37job for nine years, is being forced out as boss
0:08:37 > 0:08:38of the London exchange.
0:08:38 > 0:08:42Apple says it's working to fix a serious bug in the latest version
0:08:42 > 0:08:44of its Mac operating system, High Sierra.
0:08:44 > 0:08:46The error makes it possible to access the machine
0:08:46 > 0:08:50without a password and change its settings.
0:08:50 > 0:08:54It also allows access to important administrator's rights.
0:08:54 > 0:08:56We've had a rare glimpse into the finances of
0:08:56 > 0:08:59the ride-hailing app Uber.
0:08:59 > 0:09:02Documents released as part of its efforts to raise investment
0:09:02 > 0:09:06from Japan's Softbank show losses growing to almost $1.5 billion
0:09:06 > 0:09:08in the three months to September.
0:09:08 > 0:09:10Bookings for rides brought in $9.7 billion.
0:09:10 > 0:09:13It comes as the company suffered another setback in the US.
0:09:13 > 0:09:19A judge has delayed a trade secrets trial amid concerns that Uber
0:09:19 > 0:09:26withheld evidence from the court.
0:09:26 > 0:09:29The United States has launched another trade investigation
0:09:29 > 0:09:35into imports from China.
0:09:35 > 0:09:38This time it's if aluminium alloy sheets which are in the cross hairs
0:09:38 > 0:09:42of the Trump administration.
0:09:42 > 0:09:48Trump was just here in Asia, two-and-a-half weeks ago. He had a
0:09:48 > 0:09:52wonderful visit in China, but it seems like Sally the lustre of the
0:09:52 > 0:09:58US President's trip to the mainland has really quickly faded away.
0:09:58 > 0:10:02Unimpressed by Beijing's progress in North Korea and market opening
0:10:02 > 0:10:09initiatives, the US is now rolling out as he mentioned an investigation
0:10:09 > 0:10:14into aluminium sheet imports worth hundreds of millions of dollars each
0:10:14 > 0:10:20year and this enquiry will examine if aluminium sheets is being sold
0:10:20 > 0:10:25below cost or with the help of the Government subsidies. The United
0:10:25 > 0:10:32States imported $600 million of aluminium alloy sheets last year and
0:10:32 > 0:10:37Washington is calling this probe intended to advance President
0:10:37 > 0:10:40Trump's tough on trade agenda. The Commerce Department said it has
0:10:40 > 0:10:46evidence that the imports pose a threat to the US industry and this
0:10:46 > 0:10:49case will be investigated by the international trade commission with
0:10:49 > 0:10:54final decisions expected by next year and if anti-dumping duties are
0:10:54 > 0:11:03indeed imposed, it could be as high as 60%.
0:11:03 > 0:11:09We will keep a close eye on that. I imagine Beijing's reaction won't be
0:11:09 > 0:11:14nice. Asia was reacting to that missile
0:11:14 > 0:11:22test coming from North Korea. The first one for some 75 days. So, that
0:11:22 > 0:11:25has kept traders busy in terms of the geopolitics and what could
0:11:25 > 0:11:29happen next, but they are reacting to the night before on Wall Street.
0:11:29 > 0:11:34A 1% climb on Wall Street. Also the Bitcoin going over $10,000. It has
0:11:34 > 0:11:36been a busy period of time.
0:11:36 > 0:11:38And Samira Hussain has the details about what's ahead
0:11:38 > 0:11:48on Wall Street Today.
0:11:49 > 0:11:53Janet Yelland will TV on Capitol Hill. This comes two weeks before
0:11:53 > 0:11:56the Central Bank's next policy meeting. Where it is widely expected
0:11:56 > 0:12:00to raise interest rates again for the third time this year. Now, it
0:12:00 > 0:12:06will also likely be her last appearance before lawmakers with a
0:12:06 > 0:12:09replacement Fed governor Jerome Powell set to take over as leader as
0:12:09 > 0:12:14early as next year. Also happening on Capitol Hill a confirmation
0:12:14 > 0:12:19hearing for US President Trump's pick for the next to be the next
0:12:19 > 0:12:23health and human services secretary. Served as an executive a
0:12:23 > 0:12:27pharmaceutical company at the time when the company was accused of
0:12:27 > 0:12:30colluding with other pharmaceutical companies to set prices on insulin
0:12:30 > 0:12:34and other diabetes drugs. So Democrats will likely grill him on
0:12:34 > 0:12:39his plans to tackle drug pricing and whether he planses to uphold
0:12:39 > 0:12:44Obamacare.
0:12:44 > 0:12:48Tom Stevenson is Investment Director at Fidelity International.
0:12:48 > 0:12:51So we were touching on Brexit earlier and we heard from our
0:12:51 > 0:12:54correspondent that perhaps a deal has been agreed. We don't know any
0:12:54 > 0:12:58details yet. We've heard from Michel Barnier saying they're still working
0:12:58 > 0:13:02on Brexit terms, but already we have seen a reaction on the currency
0:13:02 > 0:13:06markets?Yeah, that's right. Michel Barnier's comments were interesting.
0:13:06 > 0:13:10He does suggest within days and that probably means on Monday when there
0:13:10 > 0:13:17is a meeting between Prime Minister Theresa May and Jean-Claude Juncker,
0:13:17 > 0:13:23we could get an announcement. The pound has been positive. We are
0:13:23 > 0:13:27above a dollar 34 and that's interesting because we have seen a
0:13:27 > 0:13:32reaction in the stock market as well. Despite record highs on the US
0:13:32 > 0:13:35markets, the FTSE 100 is down this morning and that's a reflection of
0:13:35 > 0:13:40the pound rising because that's bad news for UK exporters and overseas.
0:13:40 > 0:13:44We have seen the opposite when the pound has been falling.A weak pound
0:13:44 > 0:13:49has been good for the FTSE 100.Give us your interpretation of why the
0:13:49 > 0:13:53pound has strengthened today? Is that because the expectation is yes,
0:13:53 > 0:13:58trade talks, negotiations can maybe start in the near future or is it
0:13:58 > 0:14:02some assessment of the divorce bill's size, what do you think?
0:14:02 > 0:14:06Well, I think it is a positive assessment of the fact that we are
0:14:06 > 0:14:09edging closer towards actually starting the trade talks. I think
0:14:09 > 0:14:14what we shouldn't forget though is that the divorce bill, settling that
0:14:14 > 0:14:19bill, even if it is at £55 billion is just one part of the equation.
0:14:19 > 0:14:24We've also got the issue of EU citizens rights in the UK and more
0:14:24 > 0:14:29importantly, what's going on with the Irish border. That still seems
0:14:29 > 0:14:32like a really intrabletable issue if we come out of the customs union, if
0:14:32 > 0:14:37we come out of the single market, it is hard to see how we can avoid a
0:14:37 > 0:14:40hard border in Ireland and that of course, could be a blockage to the
0:14:40 > 0:14:46trade talks.Watch and wait and see. , Monday, we will keep a close eye.
0:14:46 > 0:14:49Tom, thank you. I know you will talk through the newspaper stories with
0:14:49 > 0:14:53us later. Which includes robots.
0:14:53 > 0:14:54Still to come...
0:14:54 > 0:14:56The end of the finger prick?
0:14:56 > 0:15:06We meet the man behind the firm that says
0:15:07 > 0:15:09it can test your glucose without you having to give any blood.
0:15:10 > 0:15:11And it's all done with lasers.
0:15:11 > 0:15:12We'll speak to him shortly.
0:15:12 > 0:15:15You're with Business Live from BBC News.
0:15:23 > 0:15:25Let's focus on the big story in the UK.
0:15:25 > 0:15:28Transport Secretary Chris Grayling says new rail projects could unlock
0:15:28 > 0:15:30economic growth across the country.
0:15:30 > 0:15:35He wants to expand Britain's rail network, looking at restoring
0:15:35 > 0:15:38services that were lost to cuts in the '60s and '70s and to address
0:15:38 > 0:15:42overcrowding faced by many train operators.
0:15:42 > 0:15:46Anyone who travels by train in this country, I'm sure your ears are
0:15:46 > 0:15:49tuning in. Let's get more from our economic correspondent Andrew
0:15:49 > 0:15:53Walker. Ben is shaking his head. Tommy macro, what is the government
0:15:53 > 0:15:59proposing?This is a wide ranging rethink of rail strategy. There's
0:15:59 > 0:16:04quite a lot in it. Proposals to change some of the franchises, break
0:16:04 > 0:16:10up some of the larger ones. More integrated working between trade and
0:16:10 > 0:16:13rail company is. There is no question, the eye-catching stop is
0:16:13 > 0:16:17the suggestion we could see some reversal of some of the lines that
0:16:17 > 0:16:22were cut back in the 1960s and 1970s, those cuts in the 1960s
0:16:22 > 0:16:26notoriously known as the Beeching cuts, Richard Beeching was the
0:16:26 > 0:16:30chairman of the tissue Rail at the time. The document talks about one
0:16:30 > 0:16:33proposal that is already underway, that is to re-establish the full
0:16:33 > 0:16:37length link between Oxford and Cambridge. Part of that is already
0:16:37 > 0:16:40running again but there is the proposal to get the full length of
0:16:40 > 0:16:46that line running again. Beyond that, they are inviting ideas for
0:16:46 > 0:16:51reopening other local lines and in particular the government wants
0:16:51 > 0:16:55proposals that will encourage new housing developments, that will
0:16:55 > 0:17:01encourage new economic development or perhaps to divert congestion away
0:17:01 > 0:17:05from other parts of the transport network. We don't have a list of
0:17:05 > 0:17:11exactly what is going to be, but clearly the potential for quite
0:17:11 > 0:17:15significant restoration of old lines here.Andrew, thanks very much. We
0:17:15 > 0:17:20will leave it there. There's a lot more detail on that story on our
0:17:20 > 0:17:24website. Our transport correspondent Richard Wescott has been looking at
0:17:24 > 0:17:27all these latest developments and what they mean and a gauge of some
0:17:27 > 0:17:32of the reaction, as well. For more reaction to the story we
0:17:32 > 0:17:35brought you earlier, news that the London stock exchange's chief
0:17:35 > 0:17:41executive is to quit, apparently he could walk away with a payoff of
0:17:41 > 0:17:47nearly £13 million. He's been in the job about eight years, so he gets a
0:17:47 > 0:17:52salary at the moment of about £800,000, but to mark his departure
0:17:52 > 0:17:58he could get £12.8 million. The details either on BBC Business Live
0:17:58 > 0:18:01page.
0:18:01 > 0:18:06You're watching Business Live - our top story - the meeting
0:18:06 > 0:18:09of dozens of EU and African leaders, gathering to discuss how the two
0:18:09 > 0:18:12continents can work together to improve education,
0:18:12 > 0:18:22skills and jobs and address worries over mass migration to Europe.
0:18:22 > 0:18:25There are more than 400 leave people with diabetes over the world who
0:18:25 > 0:18:28need to monitor their blood sugar levels. The global market for
0:18:28 > 0:18:33devices that help people do that is huge. It's worth about $9 billion
0:18:33 > 0:18:38per year. That is expected to get even bigger than that, to grow to
0:18:38 > 0:18:42something like $11 billion by 2020. But to monitor blood sugar,
0:18:42 > 0:18:47diabetics need to prick their finger, draw blood often several
0:18:47 > 0:18:51times a day. This, for some, can result in infections.
0:18:51 > 0:18:57So so what if there was another way. Several firms are working on systems
0:18:57 > 0:19:01that could measure blood glucose without having to bunch of the skin.
0:19:01 > 0:19:03One of them is DiaMonTech, and Thorsten Lubinksi
0:19:03 > 0:19:04is its Chief Executive.
0:19:04 > 0:19:05He's with us.
0:19:05 > 0:19:16Good morning. Just explain how this works.DiaMonTech stands were
0:19:16 > 0:19:19diabetic monitoring technology. You put your finger on the sensor, wait
0:19:19 > 0:19:24for five to 15 seconds and it shows the blood sugar level on a display.
0:19:24 > 0:19:29We're doing it with a new kind of laser called a quantum cascade
0:19:29 > 0:19:35laser. The light penetrates the skin, heats the glucose molecules a
0:19:35 > 0:19:38little bit and we measure the change in temperature. The change in
0:19:38 > 0:19:43temperature is tiny so you won't notice it, but we can measure it and
0:19:43 > 0:19:46the more glucose you have, the more the glucose is and we can show that
0:19:46 > 0:19:50in the display.This is a device that is still in development, you
0:19:50 > 0:19:55can't show it today. It is finished but not quite there yet in terms of
0:19:55 > 0:20:02it being here in the studio with us. Exactly.Just explain how you got
0:20:02 > 0:20:06this show on the road. We met a professor who's been working on this
0:20:06 > 0:20:11for 30 years.Yes. I'm a computer scientist by training and I was
0:20:11 > 0:20:14thinking about creating some sort of electronic diary for diabetics using
0:20:14 > 0:20:18sensory input from your phone, your watch, whatever. I was talking to a
0:20:18 > 0:20:27lot of different people in the diabetics field. I met the Professor
0:20:27 > 0:20:31and he said, OK, this makes sense, it's a good idea, but I have this
0:20:31 > 0:20:36huge device in my lab that can measure your glucose noninvasively.
0:20:36 > 0:20:39But I'm a professor, I don't know how to bring something like that to
0:20:39 > 0:20:43market. I said, I can help you with that. We spoke back and forth for a
0:20:43 > 0:20:48couple of months and founded the company.You got Angel investors
0:20:48 > 0:20:51involved. You have the patents nailed down and you're thinking,
0:20:51 > 0:20:55next year, this device will be available and now it's the size of a
0:20:55 > 0:21:02shoe box.Correct. We are moving in different steps. First step is a
0:21:02 > 0:21:05shoe box sized device where we show that the technology works and we can
0:21:05 > 0:21:10get it cleared as a medical product and from there we are starting to
0:21:10 > 0:21:15make it smaller. We are planning in the next step... We call it
0:21:15 > 0:21:18internally the muffin because it is Morphine sized, you can put it in
0:21:18 > 0:21:32your pocket. -- it is sized.A lot of people will be used to the finger
0:21:32 > 0:21:37prick test which is not particularly comfortable, it can be messy, it can
0:21:37 > 0:21:43lead to infection, it takes time. A fundamental change.Exactly. What I
0:21:43 > 0:21:47think will happen is people will get to measuring more often and this is
0:21:47 > 0:21:53very essential to get healthy glucose levels over the whole day.
0:21:53 > 0:21:57So measuring ten times a day is better than measuring twice. 20
0:21:57 > 0:22:03times is better than that.How much will it cost the user? Is it
0:22:03 > 0:22:07affordable for people who have to go through this on a daily basis?As
0:22:07 > 0:22:10every technology, in the beginning it will be more expensive than later
0:22:10 > 0:22:15on. We are thinking it will cost around £100 per month to measure
0:22:15 > 0:22:20noninvasively. This is on the same level like minimal invasive devices
0:22:20 > 0:22:25cost right now.We have to leave it there. Thank you for coming in. We
0:22:25 > 0:22:30shall keep a close eye. Keith us posted. Keep your tweets coming in
0:22:30 > 0:22:34about what job you would like to replace with robots. A few of you
0:22:34 > 0:22:40have said your manager, but that's not what we're asking!
0:22:40 > 0:22:43Australia's flag carrier Qantas has had its share of ups and downs.
0:22:43 > 0:22:44After a drastic cost-cutting drive, the airline finally
0:22:44 > 0:22:45returned to profitability.
0:22:45 > 0:22:47But can it maintain the upswing?
0:22:47 > 0:22:50Christian Fraser has been talking to the boss, Alan Joyce -
0:22:50 > 0:22:51who thinks expanding capacity is the key.
0:22:51 > 0:22:56We've actually challenged both Airbus and Boeing to produce a new
0:22:56 > 0:23:00aircraft that can do Sydney and Melbourne to London,
0:23:00 > 0:23:02which is a 21-hour aircraft in the air and we
0:23:02 > 0:23:06believe that that is the last frontier of aviation.
0:23:06 > 0:23:09There is a bit of a space race going on between the
0:23:09 > 0:23:11two of them to get us the aircraft by 2022.
0:23:11 > 0:23:12Throw your imagination out.
0:23:12 > 0:23:14Where does air travel go in the future?
0:23:14 > 0:23:15Is it suborbital?
0:23:15 > 0:23:17Is it further and faster?
0:23:17 > 0:23:18Is it a smaller carbon footprint?
0:23:18 > 0:23:24What is it?
0:23:24 > 0:23:30I think first of all it's distance first and getting these very long
0:23:30 > 0:23:32routes in place.
0:23:32 > 0:23:33Speed, unfortunately, and supersonic, I
0:23:33 > 0:23:37don't see us ever getting back to that.
0:23:37 > 0:23:43So, economical, and there's a trade-off between the fuel you
0:23:43 > 0:23:45need to go supersonic means you're trading of distance.
0:23:45 > 0:23:47And there are environmental issues around
0:23:47 > 0:23:49supersonic that we never really solved since Concorde.
0:23:49 > 0:23:55Tom Stevenson is back with us. We've been asking people this morning
0:23:55 > 0:24:00about what jobs they'd like to maybe give to a robot because there's a
0:24:00 > 0:24:05report in the papers that robots will force 700 million workers into
0:24:05 > 0:24:11a new job by 2030. Abby says, a robot can have my barmaid job over
0:24:11 > 0:24:15Christmas if it likes. Good luck with the Christmas rush. Sarah says,
0:24:15 > 0:24:18robots, scary thought, it's bad enough you have to listen to
0:24:18 > 0:24:23automated messages. In the City, robots are doing a lot of things
0:24:23 > 0:24:28that we don't know about, we're not aware of.I think the interesting
0:24:28 > 0:24:32thing about the studies about automation is that it started off
0:24:32 > 0:24:35with very low level jobs and they are gradually moving up the skill
0:24:35 > 0:24:38level so that people who thought their jobs were probably pretty
0:24:38 > 0:24:43secure from automation are being automated out of the workforce. This
0:24:43 > 0:24:47is how you end up with a figure like 700 million, which is a massive
0:24:47 > 0:24:51slice of the global workforce.This is an interesting headline,
0:24:51 > 0:24:55suggesting those 700 million workers will have to find new careers. It's
0:24:55 > 0:24:58not saying they're made redundant, just that they have to go elsewhere.
0:24:58 > 0:25:03This process has been going on since the Industrial Revolution. Think of
0:25:03 > 0:25:06how money people were involved with horses, blacksmiths, whatever. How
0:25:06 > 0:25:11many horses do you see on the streets of any city these days? You
0:25:11 > 0:25:16don't. Over time and the invention of the PC, that created all sorts of
0:25:16 > 0:25:20new jobs that simply didn't exist before.Jerome says, I'd replace my
0:25:20 > 0:25:26manager with a robot. I can pack in, get more money and work a two-day
0:25:26 > 0:25:29week. Someone else once the Bosman to be
0:25:29 > 0:25:32automated because the post is consistently misdelivered.
0:25:32 > 0:25:38Mine is never, I like to say. I love a human at the door with the post.
0:25:38 > 0:25:42Some of us have had jobs would love to replace with robots. I stood by a
0:25:42 > 0:25:48conveyor belt as a student and moved pies from A to B.I'm old enough
0:25:48 > 0:25:52that my first job was working a lift. I had to do the handle. You'd
0:25:52 > 0:25:58have thought that would have been automated years ago!Tom, thank you.
0:25:58 > 0:26:03Banks for your comments today and we will see you same time tomorrow.