0:00:04 > 0:00:06This is Business Live from BBC News with Sally Bundock
0:00:06 > 0:00:09and Susannah Streeter.
0:00:09 > 0:00:11Re-opening the 'fast lanes' of the internet.
0:00:11 > 0:00:15American lawmakers prepare to rip-up Obama's net neutrality laws later -
0:00:15 > 0:00:18giving broadband firms huge power over online traffic.
0:00:18 > 0:00:20Live from London, that's our top story on Thursday
0:00:20 > 0:00:30the 14th of December.
0:00:36 > 0:00:40As pioneers of the internet warn that losing net neutrality would be
0:00:40 > 0:00:43nothing short of a catastrophe, we discuss the impact
0:00:43 > 0:00:46on innovation, and free speech.
0:00:46 > 0:00:47Also in the programme....
0:00:47 > 0:00:49Global interest rates in focus.
0:00:49 > 0:00:53After the US Federal Reserve raised rates on Wednesday,
0:00:53 > 0:00:56and China's PBOC hiked today, we find out what we can expect
0:00:56 > 0:01:06from the Bank of England and the European Central Bank.
0:01:07 > 0:01:11And that really is concentrating minds on the financial markets in
0:01:11 > 0:01:13Europe. Opening down so far.
0:01:13 > 0:01:16And today is the busiest day of the year for the Royal Mail,
0:01:16 > 0:01:18with ten million parcels and millions of letters
0:01:18 > 0:01:19out for delivery.
0:01:19 > 0:01:26We're going live to a sorting office to see how the company is coping.
0:01:26 > 0:01:30Today we want to know: on the day we expect a deal to be announced
0:01:30 > 0:01:34between Disney and 21st Century Fox, are you concerned about getting less
0:01:34 > 0:01:38choice in movies?
0:01:38 > 0:01:41Let us know.
0:01:41 > 0:01:47Just use the hashtag BBCBizLive.
0:01:47 > 0:01:50Hello and welcome to Business Live.
0:01:50 > 0:01:53We start in the US - where regulators could be
0:01:53 > 0:01:56about to scrap rules guaranteeing equal access to the internet -
0:01:56 > 0:01:58a principle known as 'net neutrality'.
0:01:58 > 0:02:01It was enshrined in law under President Obama in 2015 -
0:02:01 > 0:02:03but under the Trump administration it looks doomed following a huge
0:02:03 > 0:02:07battle in the business world.
0:02:07 > 0:02:09Here's why.
0:02:09 > 0:02:12Think of your internet service provider as a motorway.
0:02:12 > 0:02:15Net neutrality means it's not allowed to set up 'fast lanes' -
0:02:15 > 0:02:18giving faster access to some sites because they pay more.
0:02:18 > 0:02:22Or deliberately slowing or blocking other sites that don't.
0:02:22 > 0:02:25US telecoms giants like Comcast, Verizon and AT&T have
0:02:25 > 0:02:28lobbied hard against it.
0:02:28 > 0:02:31But content firms like Amazon and Google say ditching the rules
0:02:31 > 0:02:34will give too much power to the Telecoms - and will make it
0:02:34 > 0:02:37harder for new start-ups to compete.
0:02:37 > 0:02:40In July they led more than 170 organisations in slowing
0:02:40 > 0:02:45down their services to protest the proposed change.
0:02:45 > 0:02:48The debate is going on all over the world.
0:02:48 > 0:02:51The countries in blue already have 'net neutrality' -
0:02:51 > 0:02:54they make sure all traffic is treated equally.
0:02:54 > 0:02:57Those in red are considering it.
0:02:57 > 0:03:04Those in yellow have no rules at the moment.
0:03:04 > 0:03:05Matthew Howett is a communications industry analyst
0:03:05 > 0:03:09at Assembly Research.
0:03:09 > 0:03:17Good morning. It looks like these rules may get ripped up today in the
0:03:17 > 0:03:21United States. Talk us through the winners and losers.The winners, as
0:03:21 > 0:03:35we heard in that piece, are the big telcos. Arguably, the diggers
0:03:35 > 0:03:41losers, are the communications companies. I think we should think
0:03:41 > 0:03:47about how the consumer bits into this. The rules are there to protect
0:03:47 > 0:03:51so that you and I can get the content we want on our devices. The
0:03:51 > 0:03:55lobbyists would argue that they will be fine, they will be protected.
0:03:55 > 0:03:59There are rules that can be used to police this. Ultimately consumers
0:03:59 > 0:04:05could lose out if they cannot get access to the content they want.We
0:04:05 > 0:04:11showed you the map where different areas of neutrality exist but does
0:04:11 > 0:04:15it really exist? Other things these companies can already do to try to
0:04:15 > 0:04:27promote some services over others? The way the works mean we do have to
0:04:27 > 0:04:33prioritise some traffic. -- the internet works. Providers like
0:04:33 > 0:04:37Netflix are paying ISPs to get the content is closer to us so we do not
0:04:37 > 0:04:42sleep buffering when we use our devices. These things are
0:04:42 > 0:04:48commonplace. -- we do not see.In the US we have mentioned a strong
0:04:48 > 0:04:54lobby group, the likes of Horizon, AT and T and others. Is there a
0:04:54 > 0:04:59similar group in Europe, who are trying to pull away the net
0:04:59 > 0:05:03neutrality rules?We have seen less of the debate in Europe and the UK.
0:05:03 > 0:05:13We have more competition between the different broadband providers but
0:05:13 > 0:05:16that is less the case in the US. There are fewer of them are more
0:05:16 > 0:05:18concerned about what they might do. In Europe there is a lot of
0:05:18 > 0:05:21competition. If people do not like something they can switch to another
0:05:21 > 0:05:25provider.It will come down to the philosophical argument about whether
0:05:25 > 0:05:30we should all have a right to access the internet and good access to the
0:05:30 > 0:05:35internet, no matter who we are, how big or small we are.It is a crucial
0:05:35 > 0:05:40debate. We are talking about big amounts of money. That could be used
0:05:40 > 0:05:43to invest in rolling out the infrastructure and improving
0:05:43 > 0:05:47broadband speeds. There is a relationship between both sides on
0:05:47 > 0:05:50this debate. It is one which probably will not go away quickly
0:05:50 > 0:05:56even after this vote.We will talk to you on the subject and probably
0:05:56 > 0:05:59other subjects. Thank you for coming in.
0:05:59 > 0:06:02Let's take a look at some of the other stories making the news.
0:06:02 > 0:06:04The World Trade Organisation has closed its biennial summit without
0:06:04 > 0:06:05any agreements being reached.
0:06:05 > 0:06:08There had been some hope of deals on e-commerce, as well as farming
0:06:09 > 0:06:10and fishing subsidies.
0:06:10 > 0:06:12It raises questions about the group's ability to govern
0:06:12 > 0:06:13global trade disputes.
0:06:13 > 0:06:15The head of the WTO said the organisation now needed
0:06:15 > 0:06:19to conduct some real soul-searching.
0:06:19 > 0:06:22In the UK, an influential group of MPs has urged Britain
0:06:22 > 0:06:24and the European Union to agree a status quo Brexit
0:06:24 > 0:06:25transition period.
0:06:25 > 0:06:28The Treasury Select Committee wants it agreed as soon as possible
0:06:28 > 0:06:31to ease business concerns over a no-deal Brexit.
0:06:31 > 0:06:34The committee's report said it strongly supported the Prime
0:06:34 > 0:06:37Minister's push for a comprehensive free-trade deal which
0:06:37 > 0:06:41would keep borders as frictionless as possible.
0:06:41 > 0:06:43The carmaker Nissan says it's recalling more
0:06:43 > 0:06:45than 300,000 vehicles in Japan because of a defective
0:06:45 > 0:06:50coating which could, in the worst case scenario,
0:06:50 > 0:06:53lead to a fire.
0:06:53 > 0:06:54Six models, including minivans made for Suzuki
0:06:54 > 0:06:56and Mitsubishi, are affected.
0:06:56 > 0:07:06No vehicles sold outside Japan are being recalled.
0:07:10 > 0:07:16Do not forget our business live page is constantly updating with the
0:07:16 > 0:07:20news. BP and the fact that Australian and additional parties
0:07:20 > 0:07:25have blocked the oil giant's vision is to buy network of local networks
0:07:25 > 0:07:30stations from the supermarket chain in Australia, or worse. It was worth
0:07:30 > 0:07:39$1.3 billion. So, interestingly, how BP has been stymied by Australian
0:07:39 > 0:07:42competition authorities. One of those stories is also on there. Take
0:07:42 > 0:07:50a look when you want. Also lots about the Federal reserve decision.
0:07:50 > 0:07:52In the wake of the US Federal Reserve's decision
0:07:52 > 0:07:53to hike interest rates
0:07:53 > 0:07:55on Wednesday, China's Central Bank surprised the markets
0:07:55 > 0:07:57by making a rate rise of their own.
0:07:57 > 0:08:03Monica Miller is in Singapore.
0:08:03 > 0:08:11What did they do? China has made a startling declaration of moderate
0:08:11 > 0:08:15losses after raising short-term and mid term interest rates for debate
0:08:15 > 0:08:19came after hours the decision the Fed made by raising rates by a
0:08:19 > 0:08:24quarter of a percent. The world's second-biggest economy has started
0:08:24 > 0:08:29to cool as the Government cut down on high risk lending. They do not
0:08:29 > 0:08:33want to slow down economic growth. Hong Kong was another one. Their
0:08:33 > 0:08:40monetary authority was out today and they have upped their base rate 25
0:08:40 > 0:08:45basis points. Hong Kong tracks the US rate because their currencies are
0:08:45 > 0:08:48pinned to one another. Both currencies are in lockstep with
0:08:48 > 0:08:53other Asian currencies, which have already raised their rates. South
0:08:53 > 0:08:58Korea raised its rate. It was the first Asian country to do so since
0:08:58 > 0:09:002014 foot at many economists say Malaysia could be no first one in
0:09:00 > 0:09:06the U -- New Year followed by Philippines and Taiwan. We may see
0:09:06 > 0:09:12another interest rate rise in South Korea in 2018.Thank you for that
0:09:12 > 0:09:18update. The financial market focus is over central bank activity after
0:09:18 > 0:09:22the much anticipated interest rate hike. The dollar fell despite an
0:09:22 > 0:09:29upbeat assessment of the US economy. Despite another record close on Wall
0:09:29 > 0:09:36Street, the stronger yen pushed down stocks in Tokyo. Closing down by
0:09:36 > 0:09:43.2%. Let's have a look at Europe as well. The markets mainly open. Down
0:09:43 > 0:09:47across-the-board ahead of the key central bank decisions in Frankfurt.
0:09:47 > 0:09:50The ACP and the Bank of England are not expecting a big change but we
0:09:50 > 0:09:56may get an indication of future policy.
0:09:56 > 0:09:59Yogita was in Washington for that Fed decision and has the details
0:09:59 > 0:10:06about what's ahead on Wall Street Today.
0:10:06 > 0:10:09Stock market investors would like to have a big deal to analyse and trade
0:10:09 > 0:10:13on foot of it looks like they will get one just in time for Christmas.
0:10:13 > 0:10:18It is widely expected that Disney and 21st-century fox will announce a
0:10:18 > 0:10:24major transaction in which Disney will buy most of Fox's media assets.
0:10:24 > 0:10:30Many US TV channels, its movie studio, and a stake in sky TV, which
0:10:30 > 0:10:34owns Sky News Wall Street expects the deal could be worth something
0:10:34 > 0:10:38like $60 billion and that it could be announced as early as Thursday.
0:10:38 > 0:10:43Investors will also get a bunch of economic data to pore over, most
0:10:43 > 0:10:49notably retail sales figures from N. They are expected to show a rise of
0:10:49 > 0:10:53.3% as the US consumer remains happy to spend. And there is corporate
0:10:53 > 0:11:01earnings are far from software giant Oracle.
0:11:01 > 0:11:03Joining us is Sue Noffke is UK equities fund
0:11:03 > 0:11:04manager from Schroders.
0:11:04 > 0:11:16Nice to see you. Talking about what is going on this week.Lots going
0:11:16 > 0:11:25on. It is kind of wrapping up what has been really a Goldilocks Year 4
0:11:25 > 0:11:30economic growth, financial markets. Would you describe that for the UK?
0:11:30 > 0:11:34The UK in a global context is quite small. It is not as bad as many
0:11:34 > 0:11:40feared.I just wanted to clarify what you thought Goldilocks was.I
0:11:40 > 0:11:45am talking about the global economy, particularly the US, which sets the
0:11:45 > 0:11:54scene. Gross has been good. What drives central bank action is
0:11:54 > 0:11:59expected inflation. -- growth. That has been modest. We had core
0:11:59 > 0:12:02inflation numbers which were a bit weaker than people had gone for. The
0:12:02 > 0:12:08headline came in line with people's expectations. That keeps the Fed
0:12:08 > 0:12:12quite down.Talking about that scenario, not necessarily that if
0:12:12 > 0:12:17you are betting on a stronger dollar, which really has not
0:12:17 > 0:12:21materialised. Again, weakening after that central bank decision at the
0:12:21 > 0:12:26Fed. Why is that? Janet had quite an upbeat assessment of the US economy
0:12:26 > 0:12:33for the going forward, she is questioning the impact of Trump's
0:12:33 > 0:12:38plan.And just how sustainable that boosters. That is true. She has put
0:12:38 > 0:12:43through some stronger growth forecast but not sustained it in our
0:12:43 > 0:12:49two years. It comes back to the inflation forecast. There is no
0:12:49 > 0:12:52inflation pressure building up in the system despite unemployment
0:12:52 > 0:12:55being at low levels. It allows central banks to keep monetary
0:12:55 > 0:13:02policy quite loose and comes back to the Goldilocks scenario. I think
0:13:02 > 0:13:06they will follow through next year with three but the markets are only
0:13:06 > 0:13:12pricing in two. And that is where inflation is so key.Thank you for
0:13:12 > 0:13:17now. She will be back. Some interesting stories to get our teeth
0:13:17 > 0:13:20into later. That is on the cards in a few minutes.
0:13:20 > 0:13:21Still to come...
0:13:21 > 0:13:24On the busiest day of the year for the Royal Mail, we'll be live
0:13:24 > 0:13:27in a sorting office to see just how the company is dealing
0:13:27 > 0:13:30with the millions of parcels and Christmas cards that need to be
0:13:30 > 0:13:32processed at this time of year.
0:13:32 > 0:13:42You're with Business Live from BBC News.
0:13:45 > 0:13:49It is busy for the likes of Royal Mail but also extremely busy for
0:13:49 > 0:13:51online grocery chains.
0:13:51 > 0:13:53Online grocery chain Ocado said a driver shortage impacted sales
0:13:53 > 0:13:55growth in its fourth quarter.
0:13:55 > 0:13:58The retailer, which recently secured its biggest overseas deal
0:13:58 > 0:14:02with a partnership with French supermarket Groupe Casino,
0:14:02 > 0:14:04said its retail sales rose 11.6% last quarter,
0:14:04 > 0:14:09having increased 13.1% in the previous quarter.
0:14:09 > 0:14:15Russ Mould, investment director at AJ Bell, is in the newsroom
0:14:15 > 0:14:21to talk us through the numbers.
0:14:21 > 0:14:25What is going on? They are not growing the share of the business
0:14:25 > 0:14:31currently but they are hoping to build the business overall by the
0:14:31 > 0:14:35tie-up with casino. That is about the tech behind the delivery system,
0:14:35 > 0:14:40isn't it?If you look at the stock market valuation it is over £2
0:14:40 > 0:14:44million, which seems pretty exotic for a company that is making less
0:14:44 > 0:14:48than 10 million in profit this year. It is not just down to the grocery
0:14:48 > 0:14:54delivery service. The real secret is the intellectual property, the Ocado
0:14:54 > 0:15:00Smart platform. It has licensed it to two or three different grocers.
0:15:00 > 0:15:05The company is working on more deals, a licensing fee, and in the
0:15:05 > 0:15:09case of capital casino will be a fee for using the warehouse. That is the
0:15:09 > 0:15:17real secret to the stop. -- restock. They have been effectively
0:15:17 > 0:15:21subsidising my dinner, which is fantastic. In terms of the long
0:15:21 > 0:15:28potential of the company it is all down to the software.What are
0:15:28 > 0:15:32analysts saying?In terms of the numbers today, there was a slight
0:15:32 > 0:15:37slowdown in growth. The driver problem seems to be sorted. There is
0:15:37 > 0:15:50a fourth warehouse in Eris next year. That will take many thousands
0:15:50 > 0:15:55of orders a week.
0:15:55 > 0:15:55It is of orders a week.
0:15:55 > 0:15:55It is incredibly of orders a week.
0:15:55 > 0:15:55It is incredibly competitive, of orders a week.
0:15:55 > 0:15:56It is incredibly competitive, we of orders a week.
0:15:56 > 0:15:56It is incredibly competitive, we are of orders a week.
0:15:56 > 0:15:59It is incredibly competitive, we are waiting to see what Amazon will do,
0:15:59 > 0:16:05another challenge for them. Can they get more big licensing deals?Thank
0:16:05 > 0:16:13you. Talking us through Ocado's results. Get the delivery orders in!
0:16:13 > 0:16:19Especially at this time of year. See you in a minute.
0:16:19 > 0:16:21You're watching Business Live.
0:16:21 > 0:16:23American lawmakers are preparing to rip-up Obama's net
0:16:23 > 0:16:25neutrality laws later, reopening the fast
0:16:25 > 0:16:27lanes of the internet and giving broadband firms huge
0:16:27 > 0:16:35power over online traffic.
0:16:35 > 0:16:38When we get news, we will update you on the BBC.
0:16:38 > 0:16:42Quick look at how markets are faring.
0:16:42 > 0:16:47In Europe, we have been trading for nearly 50 minutes. Nothing too
0:16:47 > 0:16:52dramatic. Trading down a little. European Central Bank meeting today,
0:16:52 > 0:16:55lots of traders watching out for the central banks.
0:16:55 > 0:16:57There are just 11 days until Christmas, which means
0:16:57 > 0:17:01millions of parcels and letters are out for delivery.
0:17:01 > 0:17:09Don't say that! There are tens of millions of cards and presents being
0:17:09 > 0:17:15sent. In many companies, it means extra staff. In the UK, the Royal
0:17:15 > 0:17:21Mail has 20,000 extra pairs of hands to call upon and today they have got
0:17:21 > 0:17:30Ben Thomson with them as well! Are you help or hindrance in Manchester?
0:17:30 > 0:17:35How dare you! I am a help, of course. They have been putting me to
0:17:35 > 0:17:41work this morning. This is going to Northern Ireland, let me put that
0:17:41 > 0:17:46there. They have taken on thousands of extra staff to make sure they get
0:17:46 > 0:17:49through all of this stuff, parcels going all around the world, and they
0:17:49 > 0:17:53are expecting to deal with more of them, today is the busiest day for
0:17:53 > 0:17:57the Royal Mail. They normally deal with 2 million parcels and letters.
0:17:57 > 0:18:04They will deal with 3.5 million over the next 24 hours, a huge logistical
0:18:04 > 0:18:08challenge. One of the bosses here. Good morning. How do you deal with
0:18:08 > 0:18:13this? A big upswing in business, extra staff, big challenge?Huge
0:18:13 > 0:18:19planning effort, we start planning immediately after Christmas. We
0:18:19 > 0:18:24recruit in the UK, 20,000 extra people this Christmas. An extra 6000
0:18:24 > 0:18:29vehicles on the road delivering parcels and also extra trucks and
0:18:29 > 0:18:32flights, huge effort to gear up for Christmas.Talked me through what
0:18:32 > 0:18:38goes on. It is all sorting, I thought there may be more
0:18:38 > 0:18:44automation.You still need people? We still need a lot of people. We
0:18:44 > 0:18:47automate letter traffic and increasingly parcels. Today you're
0:18:47 > 0:18:54seeing people sorting parcels posted yesterday and they are ongoing to
0:18:54 > 0:18:59worldwide and UK destinations. They will be on the road at 2pm.You have
0:18:59 > 0:19:01been facing challenges in restructuring the business because
0:19:01 > 0:19:06like anywhere in the world, we are sending fewer letters, maybe more
0:19:06 > 0:19:11parcels, online shopping really big thing, how have you managed that
0:19:11 > 0:19:15change?The business has changed over the years. That is are still
0:19:15 > 0:19:20hugely important to us, 60% of UK revenue, but parcels are continuing
0:19:20 > 0:19:29to grow. 6% increase in parcels in the last annual report. Parcels are
0:19:29 > 0:19:34our business now increasingly.Thank you. Let me introduce you to a
0:19:34 > 0:19:39marketing expert, really nice to see you. Retailers, really busy time of
0:19:39 > 0:19:44year, all of this sort of stuff going through the system, how do
0:19:44 > 0:19:49they plan for things like this?The busiest time of year. Increasingly,
0:19:49 > 0:19:54we want to be able to buy products for all sorts of retailers. The
0:19:54 > 0:19:59planning takes forever, as soon as Christmas has finished, the plan for
0:19:59 > 0:20:08the year after, it is about making supply chains are as efficient as
0:20:08 > 0:20:13possible.The business has changed, online shopping, more of us ordering
0:20:13 > 0:20:18online, so it is a lot more complicated, not just thin letters,
0:20:18 > 0:20:23big boxes and parcels.Things that are delicate, big boxes, you do not
0:20:23 > 0:20:27want it dropped on your doorstep. The retailers work hard to make sure
0:20:27 > 0:20:31they pick the right carriers to deliver things. The last five yards
0:20:31 > 0:20:34per retailers is critical because you can buy a product but you want
0:20:34 > 0:20:38it to be delivered in the right time at the right place. They are
0:20:38 > 0:20:42investing more and more into those last five yards with businesses like
0:20:42 > 0:20:46Royal Mail and other delivery businesses across Europe and
0:20:46 > 0:20:51globally.We talked about it being very seasonable, a lot of extra
0:20:51 > 0:20:55staff, big upswing in demand, how easy is it for them to gear up for
0:20:55 > 0:21:00things like this?They plan for it but increasingly, because online
0:21:00 > 0:21:03shopping has grown at an exponential rate, there is pressure in the
0:21:03 > 0:21:07workforce to find people who can drive vans and work in the warehouse
0:21:07 > 0:21:11and there is a premium for that. Shoppers do not want to have to pay
0:21:11 > 0:21:15for things to be delivered. There are real challenges from retailers
0:21:15 > 0:21:21about how they pass on the customers.Thank you. There you have
0:21:21 > 0:21:26it. A busy time for everyone here. A lot of seasonal workers have been
0:21:26 > 0:21:30taken on to cope with the extra demand. It gives you a sense of just
0:21:30 > 0:21:36how busy it is. Everyone trying to get stuff posted before Christmas. 2
0:21:36 > 0:21:39million parcels and letters is what they normally deal with, they are
0:21:39 > 0:21:46dealing with about 3-3.5 over the next 24 hours. Help or hindrance? I
0:21:46 > 0:21:50am hoping I have been a help. It is possible I might have been a bit of
0:21:50 > 0:21:54a hindrance.They have been very understanding. They all look like
0:21:54 > 0:22:00they could do with a cup of tea and you make a good cup of tea, go on.
0:22:00 > 0:22:03About 20, 30 people behind you.I could make myself useful, you are
0:22:03 > 0:22:12right.They will love you forever. Busiest time, next 24 hours, for me,
0:22:12 > 0:22:19next ten days, I them nowhere close to writing my Christmas cards!I am
0:22:19 > 0:22:24at work, I block it out of my mind here is that we asked you at the
0:22:24 > 0:22:27beginning whether you are concerned about reduction of choice on the
0:22:27 > 0:22:31telly in the light of the news we are expecting today, the fact Disney
0:22:31 > 0:22:37is to do a deal with 21st Century Fox. If the $60 billion deal goes
0:22:37 > 0:22:40ahead, many argue there would be less choice on the television
0:22:40 > 0:22:44screens in terms of what we are watching and where we are watching
0:22:44 > 0:22:52it.Which service would you have us your priority customer one says, I
0:22:52 > 0:22:57would have to choose Amazon prime, it is the added bonuses such as
0:22:57 > 0:23:03two-day shipping, Kindle books.That is interesting. That is how
0:23:03 > 0:23:10companies are trying to go, they want everything about you, the whole
0:23:10 > 0:23:16package. We promised Sue would return. Your thoughts? A huge deal
0:23:16 > 0:23:22and many are saying it will have a seismic impact. It has to get
0:23:22 > 0:23:24through regulatory hurdles. Your thoughts in terms of the impact on
0:23:24 > 0:23:32people like us.News has consolidated quite a bit so possibly
0:23:32 > 0:23:37that is where consumers have less choice today than they did ten years
0:23:37 > 0:23:42ago, for example. On other content, there are so many proliferations of
0:23:42 > 0:23:47ways you can consume content when I was growing up, it was three
0:23:47 > 0:23:52channels, four was a great excitement. Now you have internet
0:23:52 > 0:23:54delivery, different platforms, YouTube, I think consumers have lots
0:23:54 > 0:24:05of choice.Moving on.
0:24:05 > 0:24:08In Australia, the country is gripped by poker machine addiction, a
0:24:08 > 0:24:14warning that has come out from Australia's institute, a think tank.
0:24:14 > 0:24:20They are saying there are 80% of the world's poker machines in dedicated
0:24:20 > 0:24:25gambling venues such as casinos but a lot of those in non-gambling
0:24:25 > 0:24:30venues are in Australia's pubs and clubs, real issue.Australia is
0:24:30 > 0:24:35quite different.In many other countries regulations about how you
0:24:35 > 0:24:38would use these machines, how much access individuals would have, in
0:24:38 > 0:24:44Australia, they are very commonly located for people to have the
0:24:44 > 0:24:48ability to play while they are having a drink at the pub. It has
0:24:48 > 0:24:53caused problems. What we have got in Australia is someone from the Labour
0:24:53 > 0:24:59Party in Tasmania saying we want regulation here and there is only
0:24:59 > 0:25:06one other state in Australia where they are regulating this. The
0:25:06 > 0:25:10argument from the incumbent liberals as it could cost jobs and ready for
0:25:10 > 0:25:19a lot of pubs and hotels -- and revenue.Apparently our wine glasses
0:25:19 > 0:25:26are getting bigger. They are. It is blamed for a rise in drinking. Do
0:25:26 > 0:25:31you have large wine glasses at your house? No-brainer, isn't it? You are
0:25:31 > 0:25:36not meant to put very much in the glass, that is the problem. The red
0:25:36 > 0:25:42wine is supposed to breathe, white wine is not supposed to get warm, it
0:25:42 > 0:25:46is how much you put in the glass, but it is like plates.The bigger
0:25:46 > 0:25:51the plate, the more food you put on it.Too much wine being pulled this
0:25:51 > 0:25:56Christmas, I expect, that is the issue. That is if it is delivered on
0:25:56 > 0:26:01time! Smaller wine glasses, that is on my Christmas present list. Have a
0:26:01 > 0:26:01good