:00:04. > :00:14.nuclear programme. Time now forme now fort money news.
:00:14. > :00:20.
:00:20. > :00:27.Welcome. Markets await key US jobs data. Employers may have stepped up
:00:27. > :00:32.hiring in November, raising hopes and their recovery.
:00:32. > :00:37.In Asia, markets are mixed as investors look towards that key
:00:37. > :00:47.data from the US. It is time to adapt ahead of year's
:00:47. > :00:53.
:00:53. > :00:56.After a roller-coaster week in the eurozone crisis, the burghers of
:00:57. > :01:03.global markets will be on the US this Friday, where they could be
:01:03. > :01:06.more cause for cautious optimism about the world's biggest economy.
:01:06. > :01:12.Official monthly employment figures could show US company stepping up
:01:12. > :01:17.hiring in November, with estimates of around 120,000 new jobs. That
:01:17. > :01:21.would add to expectations of stronger economic growth in the US.
:01:21. > :01:27.After some of the manufacturing figures on Thursday. As we report,
:01:27. > :01:32.America's batted jobs market has got a very long way to go.
:01:32. > :01:36.This graphic designer is the new face of the US work out. He has a
:01:36. > :01:43.Home Office and works temporary jobs, though he would buy something
:01:43. > :01:46.for timed. It would be great if a temper job turned into full-time.
:01:46. > :01:56.They will often call you for one week and that turns into two or
:01:56. > :01:57.
:01:57. > :02:02.three. In the last couple of years, over half the new jobs in America
:02:02. > :02:07.had been temporary positions. Those jobs today are not turning into
:02:07. > :02:17.long-term employment. While in the US, we have always been known for a
:02:17. > :02:21.very flexible labour market that the opposite in this recession
:02:21. > :02:26.recovery. The labour market is improving, but it is improving it
:02:26. > :02:30.extremely slowly and it is very patchy. American employers have
:02:30. > :02:36.always been able to hire and fire y
:02:36. > :02:44.holding back. The flexibility and mobility of American workers used
:02:44. > :02:50.to make the US economy dynamic. Americans find it more difficult to
:02:50. > :02:55.move unless temporary jobs become permanent. There has been a steady
:02:55. > :03:00.decline in Americans relocating for work. This is made worse by today's
:03:00. > :03:05.dismal housing market. This woman explains how it is not just about
:03:05. > :03:10.housing. If I were to move to another city, I would almost more
:03:10. > :03:19.likely have to have a car. That comes with insurance, gas, regular
:03:19. > :03:25.maintenance. That is a huge expense. The US economy is looking a little
:03:25. > :03:29.more like Europe. That is not good news for job seekers.
:03:29. > :03:35.Ahead of those jobs figures, we have seen the equities markets are
:03:35. > :03:40.looking over the bit cautious. We crossed to a house in a poll of us
:03:40. > :03:47.for an update. -- to a Singapore office.
:03:47. > :03:57.As you can imagine, investors are fairly sidelined. Markets are
:03:57. > :04:00.
:04:00. > :04:05.relatively unchanged in places like Japan. Australia the anyone seeing
:04:05. > :04:11.some solid gains. The jobs data from the US will provide big clues
:04:11. > :04:19.on how well the US economy is performing. The US being announced
:04:19. > :04:24.the biggest export markets for many Asian economies. As a result of
:04:24. > :04:31.these gains, investors are prepared taking as a result. Investors are
:04:31. > :04:38.waiting for Angela Merkel's speech to lawmakers and year's debt crisis.
:04:38. > :04:45.They were to assess how the need to get an idea of how much
:04:45. > :04:51.nervousness remains in the market. An initial offering free company
:04:51. > :04:57.has been shelved due to weak market conditions. The announcement was
:04:57. > :05:02.made by its biggest shareholder. Standard and Poor's ratings has cut
:05:02. > :05:12.the ratings on five Australian banks. That is part of the broader
:05:12. > :05:15.
:05:15. > :05:19.Let's move to the ever present eurozone crisis. More big speeches
:05:19. > :05:24.and more big ideas on how to say the single currency. As you have
:05:24. > :05:27.been hearing, Angela Merkel is expected to use an address to
:05:27. > :05:32.parliament to call for closer economic ties between eurozone
:05:32. > :05:36.nations and tougher enforcement of Budget rolls. Yesterday, Nicolas
:05:36. > :05:41.Sarkozy told the people of France became been a common currency
:05:41. > :05:51.without economic convergence. Similar sentiments from the ECB
:05:51. > :05:57.chief, who appeared to lay down the gauntlet. Companies, markets and
:05:57. > :06:05.the citizens of Europe expect policy makers to act decisively to
:06:05. > :06:15.resolve the crisis. It is time to adapt. There needs to be said of
:06:15. > :06:21.
:06:21. > :06:27.Those comments had been taken as progress towards a solution. We
:06:27. > :06:31.enjoy it by how best. They really set the same thing. There needs to
:06:31. > :06:36.be fiscal integration. But they coming a bit late to this idea?
:06:36. > :06:41.Just a bit. We have had this problem for three years. Everybody
:06:41. > :06:44.knows that the convergence, in terms of accepting the fiscal
:06:44. > :06:53.policies, has not happened. You have to ask how on earth can a
:06:53. > :07:01.country like Greece or Portugal, with tiny populations, at the same
:07:01. > :07:04.political, fiscal and economic goals. The reason that the fiscal
:07:04. > :07:08.integration, this idea that you would not necessarily have national
:07:08. > :07:18.control over spending, is being raised now is because they could
:07:18. > :07:22.not be raised earlier. They are well disciplined. They and 20
:07:22. > :07:32.coming to fiscal agreements. Chris Guccione should never have been
:07:32. > :07:37.allowed into it -- Greece should never have been allowed into the EU.
:07:37. > :07:43.They are saying that if the policies need to be implemented,
:07:43. > :07:50.they should not expect to have a leader. The people that have agreed
:07:50. > :07:52.a discipline for which they are prepared to work too.
:07:52. > :07:56.difficulty is one of these discussions are going on, the
:07:56. > :08:00.crisis continues and the financial markets continue to trade. They do
:08:00. > :08:10.not have time on their side. trouble is that people don't
:08:10. > :08:11.
:08:11. > :08:16.believe it any more. When you hear people talking. Many banks are
:08:17. > :08:20.saying they making contingency plans in case the euro falls apart.
:08:20. > :08:25.What we have not at Dell is consensus. Until we have concerns
:08:25. > :08:30.us, we will not move forward. are the chances that one or more
:08:31. > :08:38.countries will be the eurozone by the end of next year? Very strong.
:08:38. > :08:47.Other business news. There has been another Bofors Samsung against
:08:47. > :08:54.Abottabad. Australia High Court has yet an injunction on the Samsung
:08:54. > :08:59.Tabard. Apple can tend that the new tablet slavishly cubbies the
:08:59. > :09:04.Samsung product. Scotch whisky records it aim higher
:09:04. > :09:14.in the past nine months. Sales it almost �3 billion, up by a clot on
:09:14. > :09:14.
:09:14. > :09:21.the same period last year. -- Let's take a brief look at the
:09:21. > :09:26.market. As we were explaining earlier, there was a rigatoni in