0:00:01 > 0:00:03the US. Those are the latest
0:00:03 > 0:00:05the US. Those are the latest headlines. Ahead: Financial news.
0:00:22 > 0:00:22Ben Bernanke
0:00:22 > 0:00:22Ben Bernanke bolts
0:00:22 > 0:00:23Ben Bernanke bolts from
0:00:23 > 0:00:23Ben Bernanke bolts from the
0:00:23 > 0:00:23Ben Bernanke bolts from the blues.
0:00:23 > 0:00:24Ben Bernanke bolts from the blues. Stock
0:00:24 > 0:00:24Ben Bernanke bolts from the blues. Stock markets rally
0:00:24 > 0:00:25Ben Bernanke bolts from the blues. Stock markets rally at
0:00:25 > 0:00:25Ben Bernanke bolts from the blues. Federal
0:00:25 > 0:00:25Stock markets rally at the US Federal
0:00:25 > 0:00:26Stock markets rally at the US Federal Reserve keeps
0:00:26 > 0:00:27Stock markets rally at the US Federal Reserve keeps the taps
0:00:27 > 0:00:28Stock markets rally at the US Federal Reserve keeps the taps wide
0:00:28 > 0:00:28Federal Reserve keeps the taps wide open
0:00:28 > 0:00:29Federal Reserve keeps the taps wide open on
0:00:29 > 0:00:31open on a massive stimulus open on
0:00:31 > 0:00:32open on a massive stimulus programme.
0:00:32 > 0:00:32open on a massive stimulus programme. The envy of the
0:00:32 > 0:00:33open on a massive stimulus programme. The envy of the high
0:00:33 > 0:00:34programme. The envy of the high
0:00:34 > 0:00:34programme. The envy of the high sheet. Online fashion
0:00:34 > 0:00:34programme. The envy of the high sheet. Online fashion retailer
0:00:34 > 0:00:34programme. The envy of the high sheet. Online fashion retailer ASOS
0:00:34 > 0:00:36sheet. Online fashion retailer ASOS will
0:00:36 > 0:00:38sheet. Online fashion retailer ASOS will be
0:00:38 > 0:00:38sheet. Online fashion retailer ASOS will be showing off
0:00:38 > 0:00:38sheet. Online fashion retailer ASOS will be showing off some
0:00:38 > 0:00:38sheet. Online fashion retailer ASOS will be showing off some attractive
0:00:38 > 0:00:39will be showing off some attractive figures.
0:00:39 > 0:00:39will be showing off some attractive figures. How will
0:00:39 > 0:00:48will be showing off some attractive figures. How will it
0:00:48 > 0:00:48will be showing off some attractive figures. How will it is
0:00:48 > 0:00:48will be showing off some attractive figures. How will it is avoiding
0:00:48 > 0:00:49will be showing off some attractive figures. How will it is avoiding the
0:00:49 > 0:00:51figures. How will it is avoiding the
0:00:51 > 0:00:52figures. How will it is avoiding the trend. Also, the eurozone crisis
0:00:52 > 0:00:54figures. How will it is avoiding the trend. Also, the eurozone crisis and
0:00:54 > 0:00:54trend. Also, the eurozone crisis and Germany's
0:00:54 > 0:00:55trend. Also, the eurozone crisis and Germany's chancellor.
0:00:55 > 0:00:55trend. Also, the eurozone crisis and Germany's chancellor. We will
0:00:55 > 0:00:55trend. Also, the eurozone crisis and Germany's chancellor. We will have
0:00:55 > 0:00:56Germany's chancellor. We will have
0:00:56 > 0:00:56Germany's chancellor. We will have the latest on
0:00:56 > 0:00:57Germany's chancellor. We will have the latest on a
0:00:57 > 0:00:58Germany's chancellor. We will have the latest on a special series
0:00:58 > 0:00:58Germany's chancellor. We will have the latest on a special series of
0:00:58 > 0:00:58the latest on a special series of reports
0:00:58 > 0:00:58the latest on a special series of reports ahead
0:00:58 > 0:01:02the latest on a special series of reports ahead of the
0:01:02 > 0:01:03reports ahead of the election on Sunday. First, for now,
0:01:03 > 0:01:04reports ahead of the election on Sunday. First, for now, the
0:01:04 > 0:01:04Sunday. First, for now, the TAT stays on. The
0:01:04 > 0:01:04Sunday. First, for now, the TAT stays on. The chair
0:01:04 > 0:01:05Sunday. First, for now, the TAT stays on. The chair of the
0:01:05 > 0:01:05stays on. The chair of the US stays on. The chair of the
0:01:05 > 0:01:07stays on. The chair of the US Federal Reserve and
0:01:07 > 0:01:07stays on. The chair of the US Federal Reserve and an 80
0:01:07 > 0:01:07stays on. The chair of the US Federal Reserve and an 80 took
0:01:07 > 0:01:08stays on. The chair of the US Federal Reserve and an 80 took the
0:01:08 > 0:01:08Federal Reserve and an 80 took the world
0:01:08 > 0:01:08Federal Reserve and an 80 took the world by
0:01:08 > 0:01:14Federal Reserve and an 80 took the world by surprise on Wednesday
0:01:14 > 0:01:14Federal Reserve and an 80 took the They
0:01:14 > 0:01:14world by surprise on Wednesday . They
0:01:14 > 0:01:15world by surprise on Wednesday . They will keep on
0:01:15 > 0:01:23world by surprise on Wednesday . They will keep on flowing the money.
0:01:23 > 0:01:27predict that tapering would start They will keep on flowing the money.
0:01:27 > 0:01:27be gradually cut. The surprise has They will keep on flowing the money.
0:01:27 > 0:01:31be gradually cut. The surprise has had stock markets around the
0:01:31 > 0:01:31had stock markets around the world had stock markets around the
0:01:31 > 0:01:33had stock markets around the world rallying. For many ordinary
0:01:33 > 0:01:33had stock markets around the world Americans, the era of cheap money
0:01:33 > 0:01:40Americans, the era of cheap money has
0:01:40 > 0:01:41message from this man, Ben Bernanke, is that the recovery isn't
0:01:41 > 0:01:41Bernanke, is that the recovery isn't robust
0:01:41 > 0:01:42Bernanke, is that the recovery isn't robust enough.
0:01:42 > 0:01:44Bernanke, is that the recovery isn't robust enough. Not
0:01:44 > 0:01:44Bernanke, is that the recovery isn't robust enough. Not only that, but
0:01:44 > 0:01:45Bernanke, is that the recovery isn't robust enough. Not only that, but US
0:01:45 > 0:01:45robust enough. Not only that, but US interest
0:01:45 > 0:01:45robust enough. Not only that, but US interest groups
0:01:45 > 0:01:46robust enough. Not only that, but US interest groups have started rising.
0:01:46 > 0:01:46interest groups have started rising.
0:01:46 > 0:01:46interest groups have started rising. Rises part
0:01:46 > 0:01:51interest groups have started rising. Rises part of
0:01:51 > 0:01:51interest groups have started rising. Rises part of the
0:01:51 > 0:01:51interest groups have started rising. Rises part of the reason they
0:01:51 > 0:01:52interest groups have started rising. Rises part of the reason they made
0:01:52 > 0:01:52Rises part of the reason they made
0:01:52 > 0:01:52Rises part of the reason they made the decision
0:01:52 > 0:01:53Rises part of the reason they made the decision to continue
0:01:53 > 0:01:53Rises part of the reason they made the decision to continue emergency
0:01:53 > 0:01:53the decision to continue emergency
0:01:53 > 0:01:55the decision to continue emergency support for
0:01:55 > 0:01:56the decision to continue emergency support for the economy. The
0:01:56 > 0:01:56the decision to continue emergency tightening
0:01:56 > 0:01:56the decision to continue emergency tightening of
0:01:56 > 0:01:56the decision to continue emergency tightening of financial
0:01:56 > 0:01:58the decision to continue emergency tightening of financial conditions
0:01:58 > 0:01:58support for the economy. The tightening of financial conditions
0:01:58 > 0:01:59tightening of financial conditions
0:01:59 > 0:01:59tightening of financial conditions is sustained and
0:01:59 > 0:01:59tightening of financial conditions is sustained and could
0:01:59 > 0:01:59tightening of financial conditions is sustained and could slow
0:01:59 > 0:02:00tightening of financial conditions is sustained and could slow the
0:02:00 > 0:02:00tightening of financial conditions is sustained and could slow the pace
0:02:00 > 0:02:01is sustained and could slow the pace
0:02:01 > 0:02:01is sustained and could slow the pace of improvement in the economy
0:02:01 > 0:02:01is sustained and could slow the pace of improvement in the economy in
0:02:01 > 0:02:01is sustained and could slow the pace of improvement in the economy in the
0:02:01 > 0:02:01of improvement in the economy in the labour
0:02:01 > 0:02:03of improvement in the economy in the labour market.
0:02:03 > 0:02:03of improvement in the economy in the labour market. Over the
0:02:03 > 0:02:04of improvement in the economy in the labour market. Over the summer
0:02:04 > 0:02:04labour market. Over the summer
0:02:04 > 0:02:09labour market. Over the summer interest rates in
0:02:09 > 0:02:10labour market. Over the summer interest rates in ——
0:02:10 > 0:02:10labour market. Over the summer interest rates in —— rates began
0:02:10 > 0:02:10labour market. Over the summer interest rates in —— rates began to
0:02:10 > 0:02:14interest rates in —— rates began to
0:02:14 > 0:02:14interest rates in —— rates began to rise. This is
0:02:14 > 0:02:14interest rates in —— rates began to rise. This is all
0:02:14 > 0:02:14interest rates in —— rates began to rise. This is all because
0:02:14 > 0:02:15rise. This is all because Ben rise. This is all because
0:02:15 > 0:02:17rise. This is all because Ben Bernanke said it
0:02:17 > 0:02:18rise. This is all because Ben Bernanke said it he had
0:02:18 > 0:02:18rise. This is all because Ben phasing
0:02:18 > 0:02:19Bernanke said it he had begun phasing
0:02:19 > 0:02:21Bernanke said it he had begun phasing out emergency support.
0:02:21 > 0:02:21Bernanke said it he had begun phasing out emergency support. At
0:02:21 > 0:02:22phasing out emergency support. At first,
0:02:22 > 0:02:23phasing out emergency support. At first, the whining
0:02:23 > 0:02:26phasing out emergency support. At first, the whining was in 1992.
0:02:26 > 0:02:26phasing out emergency support. At first, the whining was in 1992. At
0:02:26 > 0:02:27first, the whining was in 1992. At first,
0:02:27 > 0:02:27first, the whining was in 1992. At first, the US housing
0:02:27 > 0:02:28first, the whining was in 1992. At first, the US housing market was
0:02:28 > 0:02:30first, the US housing market was hit.
0:02:30 > 0:02:31first, the US housing market was hit. This
0:02:31 > 0:02:31first, the US housing market was hit. This was our
0:02:31 > 0:02:31first, the US housing market was hit. This was our first
0:02:31 > 0:02:32first, the US housing market was hit. This was our first summer
0:02:32 > 0:02:32first, the US housing market was hit. This was our first summer in
0:02:32 > 0:02:32first, the US housing market was hit. This was our first summer in a
0:02:32 > 0:02:32hit. This was our first summer in a long
0:02:32 > 0:02:32hit. This was our first summer in a long time
0:02:32 > 0:02:33hit. This was our first summer in a long time that
0:02:33 > 0:02:33hit. This was our first summer in a long time that we were
0:02:33 > 0:02:33hit. This was our first summer in a long time that we were able to
0:02:33 > 0:02:34hit. This was our first summer in a long time that we were able to not
0:02:34 > 0:02:36long time that we were able to not
0:02:36 > 0:02:37long time that we were able to not worry.
0:02:37 > 0:02:37long time that we were able to not worry. They refinance
0:02:37 > 0:02:37long time that we were able to not mortgages
0:02:37 > 0:02:37long time that we were able to not mortgages for
0:02:37 > 0:02:38worry. They refinance their mortgages for
0:02:38 > 0:02:38worry. They refinance their mortgages for Ben Bernanke talk
0:02:38 > 0:02:40mortgages for Ben Bernanke talk
0:02:40 > 0:02:40mortgages for Ben Bernanke talk about tapering. It
0:02:40 > 0:02:41mortgages for Ben Bernanke talk about tapering. It saved
0:02:41 > 0:02:41mortgages for Ben Bernanke talk about tapering. It saved them $300
0:02:41 > 0:02:41mortgages for Ben Bernanke talk about tapering. It saved them $300 a
0:02:41 > 0:02:42about tapering. It saved them $300 a
0:02:42 > 0:02:43about tapering. It saved them $300 a month. Coming
0:02:43 > 0:02:43about tapering. It saved them $300 a month. Coming to the
0:02:43 > 0:02:43about tapering. It saved them $300 a month. Coming to the chance to
0:02:43 > 0:02:46month. Coming to the chance to
0:02:46 > 0:02:46month. Coming to the chance to reduce their debt, the family
0:02:46 > 0:02:47month. Coming to the chance to reduce their debt, the family helped
0:02:47 > 0:02:47reduce their debt, the family helped to
0:02:47 > 0:02:47reduce their debt, the family helped to fuel
0:02:47 > 0:02:47reduce their debt, the family helped to fuel a refinancing
0:02:47 > 0:02:48reduce their debt, the family helped to fuel a refinancing boom.
0:02:48 > 0:02:48reduce their debt, the family helped to fuel a refinancing boom. It
0:02:48 > 0:02:48reduce their debt, the family helped to fuel a refinancing boom. It ran
0:02:48 > 0:02:49to fuel a refinancing boom. It ran
0:02:49 > 0:02:50to fuel a refinancing boom. It ran out of steam
0:02:50 > 0:02:53to fuel a refinancing boom. It ran out of steam when
0:02:53 > 0:02:54to fuel a refinancing boom. It ran out of steam when rates
0:02:54 > 0:02:57to fuel a refinancing boom. It ran out of steam when rates went up.
0:02:57 > 0:02:57to fuel a refinancing boom. It ran out of steam when rates went up. A
0:02:57 > 0:03:00out of steam when rates went up. A
0:03:00 > 0:03:00out of steam when rates went up. A large mortgage
0:03:00 > 0:03:01out of steam when rates went up. A large mortgage lender
0:03:01 > 0:03:01out of steam when rates went up. A large mortgage lender has
0:03:01 > 0:03:01out of steam when rates went up. A large mortgage lender has already
0:03:01 > 0:03:08large mortgage lender has already told
0:03:08 > 0:03:10large mortgage lender has already numbers will likely drop.
0:03:10 > 0:03:10told investors that home loan numbers will likely drop. Others
0:03:10 > 0:03:11numbers will likely drop. Others
0:03:11 > 0:03:14numbers will likely drop. Others have also observed
0:03:14 > 0:03:15have also observed this trend. Reserves have dried
0:03:15 > 0:03:16have also observed this trend. Reserves have dried up
0:03:16 > 0:03:17Reserves have dried up and we are starting to see employment drop
0:03:17 > 0:03:22starting to see employment drop for starting to see employment drop
0:03:22 > 0:03:22some banks and mid—sized correspondent lenders. Good a rise
0:03:22 > 0:03:23correspondent lenders. Good a rise in
0:03:23 > 0:03:23correspondent lenders. Good a rise in mortgage
0:03:23 > 0:03:25correspondent lenders. Good a rise in mortgage rates
0:03:25 > 0:03:27correspondent lenders. Good a rise in mortgage rates have
0:03:27 > 0:03:38correspondent lenders. Good a rise improvement
0:03:38 > 0:03:40recovery? If you have fewer mortgage refinancing is, that's it just that
0:03:40 > 0:03:41refinancing is, that's it just that ——
0:03:41 > 0:03:41refinancing is, that's it just that —— that suggest
0:03:41 > 0:03:41refinancing is, that's it just that —— that suggest that
0:03:41 > 0:03:42refinancing is, that's it just that —— that suggest that they are
0:03:42 > 0:03:43refinancing is, that's it just that spending
0:03:43 > 0:03:43—— that suggest that they are spending
0:03:43 > 0:03:43—— that suggest that they are spending on border
0:03:43 > 0:03:44—— that suggest that they are spending on border arrays of
0:03:44 > 0:03:45spending on border arrays of
0:03:45 > 0:03:49spending on border arrays of services.
0:03:55 > 0:03:56We mentioned the surprise
0:03:56 > 0:03:57We mentioned the surprise decision
0:03:57 > 0:03:57We mentioned the surprise decision from the Federal
0:03:57 > 0:03:57We mentioned the surprise decision from the Federal Reserve
0:03:57 > 0:03:58We mentioned the surprise decision from the Federal Reserve sent the
0:03:58 > 0:03:59from the Federal Reserve sent the
0:03:59 > 0:03:59from the Federal Reserve sent the S&P 500
0:03:59 > 0:04:00from the Federal Reserve sent the S&P 500 market
0:04:00 > 0:04:01from the Federal Reserve sent the S&P 500 market to a
0:04:01 > 0:04:01from the Federal Reserve sent the S&P 500 market to a record close.
0:04:01 > 0:04:02S&P 500 market to a record close. The
0:04:02 > 0:04:02S&P 500 market to a record close. The celebrations continue across
0:04:02 > 0:04:03The celebrations continue across
0:04:03 > 0:04:04The celebrations continue across Asia. Stock
0:04:04 > 0:04:05The celebrations continue across Asia. Stock markets there are doing
0:04:05 > 0:04:07Asia. Stock markets there are doing well.
0:04:07 > 0:04:07Asia. Stock markets there are doing well. Nice
0:04:07 > 0:04:08Asia. Stock markets there are doing well. Nice to
0:04:08 > 0:04:09Asia. Stock markets there are doing well. Nice to see
0:04:09 > 0:04:11Asia. Stock markets there are doing well. Nice to see you. Shares are
0:04:11 > 0:04:12well. Nice to see you. Shares are going
0:04:12 > 0:04:12well. Nice to see you. Shares are going up and some
0:04:12 > 0:04:12well. Nice to see you. Shares are going up and some currencies
0:04:12 > 0:04:12well. Nice to see you. Shares are going up and some currencies are
0:04:12 > 0:04:20going up and some currencies are
0:04:20 > 0:04:20going up and some currencies are getting stronger. Absolutely. These
0:04:20 > 0:04:20getting stronger. Absolutely. These gains
0:04:20 > 0:04:21getting stronger. Absolutely. These gains are
0:04:21 > 0:04:21getting stronger. Absolutely. These gains are contagious.
0:04:21 > 0:04:22getting stronger. Absolutely. These gains are contagious. That is why
0:04:22 > 0:04:22getting stronger. Absolutely. These gains are contagious. That is why we
0:04:22 > 0:04:22gains are contagious. That is why we are
0:04:22 > 0:04:23gains are contagious. That is why we are seeing Asian
0:04:23 > 0:04:23gains are contagious. That is why we are seeing Asian stocks surging
0:04:23 > 0:04:23gains are contagious. That is why we are seeing Asian stocks surging at
0:04:23 > 0:04:24gains are contagious. That is why we this
0:04:24 > 0:04:24are seeing Asian stocks surging at this
0:04:24 > 0:04:28are seeing Asian stocks surging at this hour were,
0:04:28 > 0:04:28are seeing Asian stocks surging at this hour were, not even based
0:04:28 > 0:04:29are seeing Asian stocks surging at this hour were, not even based on
0:04:29 > 0:04:29this hour were, not even based on
0:04:29 > 0:04:30this hour were, not even based on data from Japan shrank
0:04:30 > 0:04:30this hour were, not even based on data from Japan shrank a swelling
0:04:30 > 0:04:30data from Japan shrank a swelling
0:04:30 > 0:04:33data from Japan shrank a swelling trade deficit.
0:04:33 > 0:04:34data from Japan shrank a swelling trade deficit. Let's
0:04:34 > 0:04:34data from Japan shrank a swelling trade deficit. Let's have
0:04:34 > 0:04:35data from Japan shrank a swelling trade deficit. Let's have a
0:04:35 > 0:04:35data from Japan shrank a swelling trade deficit. Let's have a look
0:04:35 > 0:04:35data from Japan shrank a swelling trade deficit. Let's have a look at
0:04:35 > 0:04:35trade deficit. Let's have a look at Australian
0:04:35 > 0:04:35trade deficit. Let's have a look at Australian numbers.
0:04:35 > 0:04:36trade deficit. Let's have a look at Australian numbers. A
0:04:36 > 0:04:36trade deficit. Let's have a look at Australian numbers. A new
0:04:36 > 0:04:36trade deficit. Let's have a look at Australian numbers. A new five—year
0:04:36 > 0:04:37Australian numbers. A new five—year
0:04:37 > 0:04:37trade deficit. Let's have a look at
0:04:38 > 0:04:38Australian numbers. Tokyo is up
0:04:38 > 0:04:39Australian numbers. Tokyo is up more
0:04:39 > 0:04:41than
0:04:41 > 0:04:41Australian numbers. Tokyo is up more than
0:04:41 > 0:04:41Australian numbers. Tokyo is up more than 1%
0:04:41 > 0:04:42Australian numbers. Tokyo is up more than 1% despite
0:04:42 > 0:04:42Australian numbers. Tokyo is up more than 1% despite the
0:04:42 > 0:04:42Australian numbers. Tokyo is up more than 1% despite the strong
0:04:42 > 0:04:42Australian numbers. Tokyo is up more than 1% despite the strong rally
0:04:42 > 0:04:43than 1% despite the strong rally against
0:04:43 > 0:04:45than 1% despite the strong rally against the US
0:04:45 > 0:04:46than 1% despite the strong rally against the US dollar. India is
0:04:46 > 0:04:46than 1% despite the strong rally by
0:04:46 > 0:04:47against the US dollar. India is up by
0:04:47 > 0:04:49against the US dollar. India is up by 2.5%. Few markets
0:04:49 > 0:04:50against the US dollar. India is up by 2.5%. Few markets will have
0:04:50 > 0:04:50against the US dollar. India is up by 2.5%. Few markets will have no
0:04:50 > 0:04:51by 2.5%. Few markets will have no
0:04:51 > 0:04:52by 2.5%. Few markets will have no chance to
0:04:52 > 0:04:52by 2.5%. Few markets will have no chance to react to the
0:04:52 > 0:04:53by 2.5%. Few markets will have no chance to react to the games
0:04:53 > 0:04:53by 2.5%. Few markets will have no chance to react to the games as
0:04:53 > 0:04:53chance to react to the games as South
0:04:53 > 0:04:53chance to react to the games as South Korea and
0:04:53 > 0:04:55chance to react to the games as South Korea and Taiwan
0:04:55 > 0:04:55chance to react to the games as South Korea and Taiwan are close
0:04:55 > 0:04:55chance to react to the games as South Korea and Taiwan are close to
0:04:55 > 0:04:56South Korea and Taiwan are close to Daegu
0:04:56 > 0:04:56South Korea and Taiwan are close to Daegu to
0:04:56 > 0:04:56South Korea and Taiwan are close to Daegu to the
0:04:56 > 0:04:59South Korea and Taiwan are close to Daegu to the autumn holiday.
0:04:59 > 0:05:00South Korea and Taiwan are close to Daegu to the autumn holiday. It
0:05:00 > 0:05:01South Korea and Taiwan are close to Daegu to the autumn holiday. It is a
0:05:01 > 0:05:01South Korea and Taiwan are close to major
0:05:01 > 0:05:01Daegu to the autumn holiday. It is a major
0:05:01 > 0:05:01Daegu to the autumn holiday. It is a major relief for
0:05:01 > 0:05:02Daegu to the autumn holiday. It is a major relief for Asian investors
0:05:02 > 0:05:02Daegu to the autumn holiday. It is a major relief for Asian investors as
0:05:02 > 0:05:02major relief for Asian investors as emerging
0:05:02 > 0:05:03major relief for Asian investors as emerging markets
0:05:03 > 0:05:03major relief for Asian investors as emerging markets are suffering
0:05:03 > 0:05:06major relief for Asian investors as emerging markets are suffering from
0:05:06 > 0:05:06emerging markets are suffering from capital
0:05:06 > 0:05:06emerging markets are suffering from capital flight back
0:05:06 > 0:05:07emerging markets are suffering from capital flight back to
0:05:07 > 0:05:07emerging markets are suffering from capital flight back to the developed
0:05:07 > 0:05:07capital flight back to the developed
0:05:07 > 0:05:09capital flight back to the developed world. Most
0:05:09 > 0:05:09capital flight back to the developed world. Most regional stocks
0:05:09 > 0:05:10capital flight back to the developed world. Most regional stocks after
0:05:10 > 0:05:12world. Most regional stocks after
0:05:12 > 0:05:13world. Most regional stocks after soaring to record highs have
0:05:13 > 0:05:13soaring to record highs have
0:05:13 > 0:05:15soaring to record highs have basically plunged within
0:05:15 > 0:05:17soaring to record highs have basically plunged within 15 to
0:05:17 > 0:05:17basically plunged within 15 to 20% basically plunged within 15 to
0:05:17 > 0:05:18basically plunged within 15 to 20% from the year to date highs
0:05:18 > 0:05:18basically plunged within 15 to 20% from the year to date highs out
0:05:18 > 0:05:21basically plunged within 15 to 20% fears.
0:05:21 > 0:05:21from the year to date highs out of fears.
0:05:21 > 0:05:21from the year to date highs out of fears. Emerging Asian
0:05:21 > 0:05:22from the year to date highs out of fears. Emerging Asian currencies
0:05:22 > 0:05:22from the year to date highs out of fears. Emerging Asian currencies are
0:05:22 > 0:05:24fears. Emerging Asian currencies are rallying
0:05:24 > 0:05:25fears. Emerging Asian currencies are rallying the
0:05:25 > 0:05:25fears. Emerging Asian currencies are rallying the south—east Asian
0:05:25 > 0:05:25fears. Emerging Asian currencies are rallying the south—east Asian units
0:05:25 > 0:05:28rallying the south—east Asian units
0:05:29 > 0:05:29rallying the south—east Asian units
0:05:29 > 0:05:29up around 2%. The momentum for
0:05:29 > 0:05:30up around 2%. The momentum for Asian
0:05:30 > 0:05:30up around 2%. The momentum for Asian economies
0:05:30 > 0:05:30up around 2%. The momentum for Asian economies are expected to
0:05:30 > 0:05:33up around 2%. The momentum for Asian economies are expected to continue.
0:05:33 > 0:05:33economies are expected to continue. It
0:05:33 > 0:05:34economies are expected to continue. It is
0:05:34 > 0:05:36economies are expected to continue. It is forecasted that the
0:05:36 > 0:05:36economies are expected to continue. It is forecasted that the tapering
0:05:36 > 0:05:36It is forecasted that the tapering
0:05:36 > 0:05:37It is forecasted that the tapering off or
0:05:37 > 0:05:37It is forecasted that the tapering off or maybe
0:05:37 > 0:05:37It is forecasted that the tapering off or maybe happen by
0:05:37 > 0:05:38It is forecasted that the tapering off or maybe happen by December
0:05:38 > 0:05:38off or maybe happen by December or off or maybe happen by December
0:05:38 > 0:05:38off or maybe happen by December or the first
0:05:38 > 0:05:38off or maybe happen by December or the first quarter of
0:05:38 > 0:05:39off or maybe happen by December or the first quarter of next
0:05:39 > 0:05:41off or maybe happen by December or the first quarter of next year.
0:05:41 > 0:05:41the first quarter of next year.
0:05:41 > 0:05:43the first quarter of next year. Thank you.
0:05:43 > 0:05:47Thank you. Further analysis about Thank you.
0:05:47 > 0:05:55that when we reviewed the papers today. First,
0:05:55 > 0:05:55today. First, Germany. Angela Merkel and her
0:05:55 > 0:05:57today. First, Germany. Angela Merkel and her party face the
0:05:57 > 0:06:11today. First, Germany. Angela Merkel and her party face the battle. We
0:06:11 > 0:06:11issue. Dusseldorf is situated in the and her party face the battle. We
0:06:11 > 0:06:11issue. Dusseldorf is situated in the bank of Germany's most important
0:06:11 > 0:06:12bank of Germany's most important
0:06:12 > 0:06:12bank of Germany's most important waterway. It is
0:06:12 > 0:06:13bank of Germany's most important waterway. It is home to many
0:06:13 > 0:06:13bank of Germany's most important waterway. It is home to many of
0:06:13 > 0:06:13bank of Germany's most important waterway. It is home to many of the
0:06:13 > 0:06:15bank of Germany's most important country's
0:06:15 > 0:06:15waterway. It is home to many of the country's
0:06:15 > 0:06:15waterway. It is home to many of the country's largest companies
0:06:15 > 0:06:16waterway. It is home to many of the country's largest companies and
0:06:16 > 0:06:16waterway. It is home to many of the country's largest companies and if a
0:06:16 > 0:06:16waterway. It is home to many of the few
0:06:16 > 0:06:16country's largest companies and if a few
0:06:16 > 0:06:17country's largest companies and if a few international firms
0:06:17 > 0:06:17country's largest companies and if a few international firms have
0:06:17 > 0:06:18country's largest companies and if a few international firms have also
0:06:18 > 0:06:18few international firms have also
0:06:18 > 0:06:23few international firms have also best themselves
0:06:23 > 0:06:25few international firms have also best themselves here. —— based.
0:06:25 > 0:06:25best themselves here. —— based. This best themselves here. —— based.
0:06:25 > 0:06:26best themselves here. —— based. This place understands trade.
0:06:26 > 0:06:26best themselves here. —— based. This place understands trade. It is
0:06:26 > 0:06:26best themselves here. —— based. This place understands trade. It is no
0:06:26 > 0:06:26place understands trade. It is no
0:06:26 > 0:06:27place understands trade. It is no surprise that the
0:06:27 > 0:06:29place understands trade. It is no surprise that the city
0:06:29 > 0:06:29place understands trade. It is no surprise that the city is watching
0:06:29 > 0:06:29surprise that the city is watching closely
0:06:29 > 0:06:30surprise that the city is watching closely on
0:06:30 > 0:06:30surprise that the city is watching closely on the ad and flow
0:06:30 > 0:06:31surprise that the city is watching closely on the ad and flow of
0:06:31 > 0:06:31surprise that the city is watching closely on the ad and flow of the
0:06:31 > 0:06:31closely on the ad and flow of the
0:06:31 > 0:06:36closely on the ad and flow of the eurozone crisis.
0:06:36 > 0:06:36closely on the ad and flow of the eurozone crisis. Best
0:06:36 > 0:06:36closely on the ad and flow of the eurozone crisis. Best man
0:06:36 > 0:06:36closely on the ad and flow of the eurozone crisis. Best man set
0:06:36 > 0:06:37closely on the ad and flow of the eurozone crisis. Best man set up
0:06:37 > 0:06:38closely on the ad and flow of the eurozone crisis. Best man set up his
0:06:38 > 0:06:41eurozone crisis. Best man set up his company
0:06:41 > 0:06:42eurozone crisis. Best man set up his company in 2005
0:06:42 > 0:06:42eurozone crisis. Best man set up his company in 2005 having invented
0:06:42 > 0:06:42eurozone crisis. Best man set up his company in 2005 having invented a
0:06:42 > 0:06:42company in 2005 having invented a
0:06:42 > 0:06:43company in 2005 having invented a process to
0:06:43 > 0:06:43company in 2005 having invented a process to make flexible
0:06:43 > 0:06:44company in 2005 having invented a process to make flexible lighting.
0:06:44 > 0:06:44process to make flexible lighting.
0:06:44 > 0:06:50process to make flexible lighting. We cannot go
0:06:50 > 0:06:50process to make flexible lighting. We cannot go too close. Now, over
0:06:50 > 0:06:50We cannot go too close. Now, over
0:06:50 > 0:06:50We cannot go too close. Now, over half of this
0:06:50 > 0:06:51We cannot go too close. Now, over half of this product
0:06:51 > 0:06:51We cannot go too close. Now, over half of this product sales are
0:06:51 > 0:06:51half of this product sales are
0:06:51 > 0:06:52half of this product sales are outside Germany
0:06:52 > 0:06:52half of this product sales are outside Germany two
0:06:52 > 0:06:52half of this product sales are outside Germany two countries
0:06:52 > 0:06:52half of this product sales are outside Germany two countries beyond
0:06:52 > 0:06:53outside Germany two countries beyond
0:06:53 > 0:06:54outside Germany two countries beyond the borders
0:06:54 > 0:06:55outside Germany two countries beyond the borders of Europe. The
0:06:55 > 0:06:55outside Germany two countries beyond the borders of Europe. The recent
0:06:55 > 0:06:57the borders of Europe. The recent troubles
0:06:57 > 0:06:57the borders of Europe. The recent troubles within the eurozone
0:06:57 > 0:06:57the borders of Europe. The recent troubles within the eurozone have
0:06:57 > 0:06:57troubles within the eurozone have
0:06:57 > 0:07:00troubles within the eurozone have worried him
0:07:00 > 0:07:00troubles within the eurozone have worried him nonetheless. My opinion
0:07:00 > 0:07:00worried him nonetheless. My opinion
0:07:00 > 0:07:01worried him nonetheless. My opinion is that
0:07:01 > 0:07:01worried him nonetheless. My opinion is that the crisis is
0:07:01 > 0:07:02worried him nonetheless. My opinion is that the crisis is not
0:07:02 > 0:07:03worried him nonetheless. My opinion is that the crisis is not over.
0:07:03 > 0:07:04worried him nonetheless. My opinion is that the crisis is not over. I
0:07:04 > 0:07:04is that the crisis is not over. I
0:07:04 > 0:07:04is that the crisis is not over. I think it is a
0:07:04 > 0:07:07is that the crisis is not over. I think it is a bit
0:07:07 > 0:07:07is that the crisis is not over. I think it is a bit quiet. You
0:07:07 > 0:07:07is that the crisis is not over. I think it is a bit quiet. You don't
0:07:07 > 0:07:07think it is a bit quiet. You don't hear
0:07:07 > 0:07:08think it is a bit quiet. You don't hear anything,
0:07:08 > 0:07:08think it is a bit quiet. You don't hear anything, it is
0:07:08 > 0:07:10think it is a bit quiet. You don't hear anything, it is quieter,
0:07:10 > 0:07:10think it is a bit quiet. You don't hear anything, it is quieter, I
0:07:10 > 0:07:13hear anything, it is quieter, I think
0:07:13 > 0:07:13hear anything, it is quieter, I think there will be something
0:07:13 > 0:07:14hear anything, it is quieter, I think there will be something to
0:07:14 > 0:07:14think there will be something to follow
0:07:14 > 0:07:15think there will be something to follow in
0:07:15 > 0:07:16think there will be something to follow in one or two
0:07:16 > 0:07:16think there will be something to follow in one or two years and
0:07:16 > 0:07:16follow in one or two years and
0:07:16 > 0:07:17follow in one or two years and somebody will have to
0:07:17 > 0:07:17follow in one or two years and somebody will have to pay
0:07:17 > 0:07:17follow in one or two years and somebody will have to pay the
0:07:17 > 0:07:18somebody will have to pay the bill.
0:07:18 > 0:07:19somebody will have to pay the bill. So is the
0:07:19 > 0:07:21somebody will have to pay the bill. So is the view and
0:07:21 > 0:07:21somebody will have to pay the bill. So is the view and a
0:07:21 > 0:07:21somebody will have to pay the bill. So is the view and a sawed—off
0:07:21 > 0:07:22somebody will have to pay the bill. So is the view and a sawed—off ——
0:07:22 > 0:07:22somebody will have to pay the bill. So is the view and a sawed—off —— in
0:07:22 > 0:07:30So is the view and a sawed—off —— in
0:07:30 > 0:07:30So is the view and a sawed—off —— in tussle the eurozone
0:07:30 > 0:07:30So is the view and a sawed—off —— in tussle the eurozone crisis
0:07:30 > 0:07:31So is the view and a sawed—off —— in tussle the eurozone crisis has
0:07:31 > 0:07:33tussle the eurozone crisis has arguably
0:07:33 > 0:07:34tussle the eurozone crisis has arguably been the
0:07:34 > 0:07:34tussle the eurozone crisis has arguably been the greatest challenge
0:07:34 > 0:07:37arguably been the greatest challenge
0:07:37 > 0:07:37arguably been the greatest challenge of Merkel's chancellorship.
0:07:37 > 0:07:41of Merkel's chancellorship.
0:07:41 > 0:07:41of Merkel's chancellorship. Perception is that she has
0:07:41 > 0:07:43of Merkel's chancellorship. Perception is that she has steered
0:07:43 > 0:07:47the parliament throuent throu skil the parliament through it extremely
0:07:47 > 0:07:47the parliament throuent throu skil skilfully. The question now is
0:07:47 > 0:07:48the parliament throuent throu skil skilfully. The question now is what
0:07:48 > 0:07:49role will Germany play within the eurozone
0:07:49 > 0:07:49role will Germany play within the eurozone going
0:07:49 > 0:07:52role will Germany play within the eurozone going forward?
0:07:52 > 0:07:52eurozone going forward? It is now eurozone going forward?
0:07:52 > 0:07:53eurozone going forward? It is now time that we
0:07:53 > 0:07:53eurozone going forward? It is now time that we move
0:07:53 > 0:07:56eurozone going forward? It is now time that we move ahead and
0:07:56 > 0:07:57eurozone going forward? It is now place those institutional reforms
0:07:57 > 0:07:57place those institutional reforms
0:07:57 > 0:07:57place those institutional reforms that should
0:07:57 > 0:07:58place those institutional reforms that should have
0:07:58 > 0:08:00that should have been put in place that should have
0:08:00 > 0:08:01that should have been put in place and the start.
0:08:01 > 0:08:01that should have been put in place and the start. There is
0:08:01 > 0:08:02that should have been put in place and the start. There is a
0:08:02 > 0:08:02that should have been put in place and the start. There is a new and
0:08:02 > 0:08:02and the start. There is a new and
0:08:02 > 0:08:03and the start. There is a new and opposing voice and Germany
0:08:03 > 0:08:03and the start. There is a new and opposing voice and Germany that
0:08:03 > 0:08:03opposing voice and Germany that
0:08:03 > 0:08:05opposing voice and Germany that could find
0:08:05 > 0:08:06opposing voice and Germany that could find its
0:08:06 > 0:08:07opposing voice and Germany that could find its way into
0:08:07 > 0:08:08could find its way into the could find its way into
0:08:08 > 0:08:08could find its way into the Parliament. The
0:08:08 > 0:08:08could find its way into the Parliament. The alternative party
0:08:08 > 0:08:08Parliament. The alternative party
0:08:08 > 0:08:09Parliament. The alternative party believes the
0:08:09 > 0:08:09Parliament. The alternative party believes the euro
0:08:09 > 0:08:09Parliament. The alternative party believes the euro is bad
0:08:09 > 0:08:09Parliament. The alternative party believes the euro is bad for
0:08:09 > 0:08:10Parliament. The alternative party believes the euro is bad for the
0:08:10 > 0:08:10believes the euro is bad for the country.
0:08:10 > 0:08:13believes the euro is bad for the country. Most
0:08:13 > 0:08:14country. Most Germans including this country. Most
0:08:14 > 0:08:20country. Most Germans including this entrepreneur believe that
0:08:20 > 0:08:24country. Most Germans including this the tunnel.
0:08:24 > 0:08:24country. Most Germans including this Fashion
0:08:24 > 0:08:25country. Most Germans including this Fashion stores
0:08:25 > 0:08:25country. Most Germans including this Fashion stores are
0:08:25 > 0:08:25the tunnel. Fashion stores are
0:08:25 > 0:08:26the tunnel. Fashion stores are battling to
0:08:26 > 0:08:26the tunnel. Fashion stores are battling to take
0:08:26 > 0:08:26Fashion stores are battling to take
0:08:26 > 0:08:27Fashion stores are battling to take a vantage of any economic
0:08:27 > 0:08:27Fashion stores are battling to take a vantage of any economic revival
0:08:27 > 0:08:28Fashion stores are battling to take a vantage of any economic revival in
0:08:28 > 0:08:28a vantage of any economic revival in
0:08:28 > 0:08:29a vantage of any economic revival in Europe but they
0:08:29 > 0:08:30a vantage of any economic revival in Europe but they may cast
0:08:30 > 0:08:30a vantage of any economic revival in Europe but they may cast a jealous
0:08:30 > 0:08:30Europe but they may cast a jealous eye
0:08:30 > 0:08:30Europe but they may cast a jealous eye on
0:08:30 > 0:08:33Europe but they may cast a jealous eye on ASOS.
0:08:33 > 0:08:33Europe but they may cast a jealous eye on ASOS. Most struggle to add
0:08:33 > 0:08:34Europe but they may cast a jealous eye on ASOS. Most struggle to add a
0:08:34 > 0:08:34eye on ASOS. Most struggle to add a couple
0:08:34 > 0:08:34eye on ASOS. Most struggle to add a couple of
0:08:34 > 0:08:34eye on ASOS. Most struggle to add a couple of percent
0:08:34 > 0:08:35eye on ASOS. Most struggle to add a couple of percent to
0:08:35 > 0:08:36eye on ASOS. Most struggle to add a couple of percent to the south,
0:08:36 > 0:08:36eye on ASOS. Most struggle to add a couple of percent to the south, the
0:08:36 > 0:08:36eye on ASOS. Most struggle to add a retailer
0:08:36 > 0:08:37eye on ASOS. Most struggle to add a retailer is
0:08:37 > 0:08:37eye on ASOS. Most struggle to add a retailer is expected
0:08:37 > 0:08:38eye on ASOS. Most struggle to add a retailer is expected to
0:08:38 > 0:08:38couple of percent to the south, the retailer is expected to announce
0:08:38 > 0:08:38couple of percent to the south, the retailer is expected to announce a
0:08:38 > 0:08:38retailer is expected to announce a near
0:08:38 > 0:08:38retailer is expected to announce a near 40%
0:08:38 > 0:08:39retailer is expected to announce a near 40% jump
0:08:39 > 0:08:39retailer is expected to announce a near 40% jump in
0:08:39 > 0:08:39retailer is expected to announce a near 40% jump in sales
0:08:39 > 0:08:39retailer is expected to announce a near 40% jump in sales over the
0:08:39 > 0:08:40retailer is expected to announce a near 40% jump in sales over the last
0:08:40 > 0:08:40near 40% jump in sales over the last
0:08:40 > 0:08:45near 40% jump in sales over the last three months.
0:08:45 > 0:08:45near 40% jump in sales over the last three months. It
0:08:45 > 0:08:45near 40% jump in sales over the last three months. It began
0:08:45 > 0:08:46near 40% jump in sales over the last three months. It began selling
0:08:46 > 0:08:47three months. It began selling styles
0:08:47 > 0:08:50three months. It began selling styles want by celebrities.
0:08:50 > 0:08:50three months. It began selling styles want by celebrities. Now
0:08:50 > 0:08:50three months. It began selling styles want by celebrities. Now it
0:08:50 > 0:08:53styles want by celebrities. Now it
0:08:53 > 0:08:54styles want by celebrities. Now it puts it on
0:08:54 > 0:08:54styles want by celebrities. Now it puts it on clothes online. It
0:08:54 > 0:08:54styles want by celebrities. Now it puts it on clothes online. It has
0:08:54 > 0:08:55puts it on clothes online. It has
0:08:55 > 0:08:56puts it on clothes online. It has become a
0:08:56 > 0:08:59become a fast global Internet become a
0:08:59 > 0:08:59become a fast global Internet player. It is
0:08:59 > 0:09:00become a fast global Internet player. It is an have
0:09:00 > 0:09:00become a fast global Internet player. It is an have a single
0:09:00 > 0:09:02become a fast global Internet player. It is an have a single shot.
0:09:02 > 0:09:02player. It is an have a single shot.
0:09:02 > 0:09:02player. It is an have a single shot. There are
0:09:02 > 0:09:03player. It is an have a single shot. There are different
0:09:03 > 0:09:03player. It is an have a single shot. There are different versions of
0:09:03 > 0:09:03player. It is an have a single shot. website
0:09:03 > 0:09:03There are different versions of its website
0:09:03 > 0:09:05There are different versions of its website for different
0:09:05 > 0:09:06website for different countries. website for different
0:09:06 > 0:09:06website for different countries. Soon it will
0:09:06 > 0:09:06website for different countries. Soon it will have
0:09:06 > 0:09:06website for different countries. Soon it will have one
0:09:06 > 0:09:07website for different countries. Soon it will have one for
0:09:07 > 0:09:09website for different countries. Over
0:09:09 > 0:09:09Soon it will have one for China. Over
0:09:09 > 0:09:10Soon it will have one for China. Over 50,000 brands
0:09:10 > 0:09:10Soon it will have one for China. Over 50,000 brands and
0:09:10 > 0:09:11Soon it will have one for China. Over 50,000 brands and their
0:09:11 > 0:09:11Soon it will have one for China. Over 50,000 brands and their own
0:09:11 > 0:09:11Over 50,000 brands and their own
0:09:11 > 0:09:12Over 50,000 brands and their own fashion design
0:09:12 > 0:09:12Over 50,000 brands and their own fashion design on offer. They
0:09:12 > 0:09:12Over 50,000 brands and their own fashion design on offer. They are
0:09:12 > 0:09:12fashion design on offer. They are shipped
0:09:12 > 0:09:12fashion design on offer. They are shipped to
0:09:12 > 0:09:14fashion design on offer. They are shipped to every
0:09:14 > 0:09:14fashion design on offer. They are shipped to every corner of the
0:09:14 > 0:09:15fashion design on offer. They are shipped to every corner of the world
0:09:15 > 0:09:15shipped to every corner of the world
0:09:15 > 0:09:15shipped to every corner of the world from a
0:09:15 > 0:09:15shipped to every corner of the world from a central warehouse
0:09:15 > 0:09:16shipped to every corner of the world from a central warehouse in
0:09:16 > 0:09:16shipped to every corner of the world from a central warehouse in northern
0:09:16 > 0:09:17from a central warehouse in northern
0:09:17 > 0:09:17from a central warehouse in northern England. ASOS does
0:09:17 > 0:09:18from a central warehouse in northern England. ASOS does little
0:09:18 > 0:09:18England. ASOS does little
0:09:18 > 0:09:22England. ASOS does little traditional advertising.
0:09:22 > 0:09:22England. ASOS does little customers
0:09:22 > 0:09:22England. ASOS does little customers discover
0:09:22 > 0:09:22England. ASOS does little customers discover things
0:09:22 > 0:09:22traditional advertising. Its customers discover things through
0:09:22 > 0:09:24customers discover things through online
0:09:24 > 0:09:25customers discover things through online social media. In
0:09:25 > 0:09:25customers discover things through online social media. In the old
0:09:25 > 0:09:26online social media. In the old
0:09:26 > 0:09:26online social media. In the old world it was
0:09:26 > 0:09:27online social media. In the old world it was talking
0:09:27 > 0:09:27online social media. In the old world it was talking over the
0:09:27 > 0:09:27online social media. In the old world it was talking over the garden
0:09:27 > 0:09:27world it was talking over the garden fence
0:09:27 > 0:09:28world it was talking over the garden fence but
0:09:28 > 0:09:28world it was talking over the garden fence but now people are
0:09:28 > 0:09:28world it was talking over the garden fence but now people are talking
0:09:28 > 0:09:29world it was talking over the garden fence but now people are talking on
0:09:29 > 0:09:29fence but now people are talking on
0:09:29 > 0:09:30fence but now people are talking on social media. The
0:09:30 > 0:09:31fence but now people are talking on social media. The talk about
0:09:31 > 0:09:31fence but now people are talking on social media. The talk about things
0:09:31 > 0:09:31social media. The talk about things
0:09:31 > 0:09:32social media. The talk about things that are
0:09:32 > 0:09:32social media. The talk about things that are relevant and
0:09:32 > 0:09:32social media. The talk about things that are relevant and interesting
0:09:32 > 0:09:32social media. The talk about things that are relevant and interesting to
0:09:32 > 0:09:35that are relevant and interesting to
0:09:35 > 0:09:35that are relevant and interesting to them. ASOS is
0:09:35 > 0:09:35that are relevant and interesting to them. ASOS is a unique
0:09:35 > 0:09:36that are relevant and interesting to them. ASOS is a unique proposition.
0:09:36 > 0:09:36them. ASOS is a unique proposition. We
0:09:36 > 0:09:39them. ASOS is a unique proposition. We get talked about.
0:09:39 > 0:09:39them. ASOS is a unique proposition. We get talked about. The shares
0:09:39 > 0:09:40them. ASOS is a unique proposition. We get talked about. The shares have
0:09:40 > 0:09:40them. ASOS is a unique proposition. doubled
0:09:40 > 0:09:40We get talked about. The shares have doubled
0:09:40 > 0:09:41We get talked about. The shares have doubled this year, falling back
0:09:41 > 0:09:42We get talked about. The shares have doubled this year, falling back this
0:09:42 > 0:09:45We get talked about. The shares have week
0:09:45 > 0:09:47week mornings that ASOS may fail to keep up the pace overseas. They
0:09:47 > 0:09:47week mornings that ASOS may fail to it
0:09:47 > 0:09:47week mornings that ASOS may fail to it slight
0:09:47 > 0:09:47week mornings that ASOS may fail to it slight blip
0:09:47 > 0:09:48keep up the pace overseas. They had it slight blip
0:09:48 > 0:09:48keep up the pace overseas. They had it slight blip a few years ago
0:09:48 > 0:09:49keep up the pace overseas. They had it slight blip a few years ago will
0:09:49 > 0:09:49it slight blip a few years ago will when
0:09:49 > 0:09:50it slight blip a few years ago will when UK
0:09:50 > 0:09:52it slight blip a few years ago will when UK growth faltered slightly.
0:09:52 > 0:09:52when UK growth faltered slightly.
0:09:52 > 0:09:52when UK growth faltered slightly. They have
0:09:52 > 0:09:53when UK growth faltered slightly. They have adjusted
0:09:53 > 0:09:53when UK growth faltered slightly. They have adjusted their prices
0:09:53 > 0:09:53They have adjusted their prices
0:09:53 > 0:09:55They have adjusted their prices though so
0:09:55 > 0:09:55They have adjusted their prices though so they got
0:09:55 > 0:09:58They have adjusted their prices customers.
0:09:58 > 0:10:07They have adjusted their prices customers. They
0:10:07 > 0:10:13They have adjusted their prices they have propelled the game.
0:10:13 > 0:10:13they have propelled the game. The they have propelled the game.
0:10:13 > 0:10:19they have propelled the game. The evolving.
0:10:19 > 0:10:19ASOS business plan is still evolving.
0:10:19 > 0:10:21ASOS business plan is still evolving. A former Marks &
0:10:21 > 0:10:21evolving. A former Marks & Spencer 's executive was hired and then
0:10:21 > 0:10:29's executive was hired and then left.
0:10:29 > 0:10:34clothes but things unexpectedly dropped. The
0:10:34 > 0:10:35market for younger and fast fashion. dropped. The
0:10:35 > 0:10:35market for younger and fast fashion. Young people may have to
0:10:35 > 0:10:36market for younger and fast fashion. Young people may have to accept
0:10:36 > 0:10:36market for younger and fast fashion. Young people may have to accept that
0:10:36 > 0:10:36Young people may have to accept that
0:10:36 > 0:10:37Young people may have to accept that it's focus
0:10:37 > 0:10:37Young people may have to accept that it's focus will remain
0:10:37 > 0:10:37Young people may have to accept that it's focus will remain on growth
0:10:37 > 0:10:38it's focus will remain on growth
0:10:38 > 0:10:40it's focus will remain on growth rather than
0:10:40 > 0:10:43it's focus will remain on growth rather than profits.
0:10:43 > 0:10:43rather than profits.
0:10:43 > 0:10:43rather than profits. Financial regulators
0:10:43 > 0:10:43rather than profits. Financial regulators are preparing
0:10:43 > 0:10:45Financial regulators are preparing to
0:10:45 > 0:10:46Financial regulators are preparing to impose
0:10:46 > 0:10:46Financial regulators are preparing to impose fines
0:10:46 > 0:10:47Financial regulators are preparing to impose fines on JPMorgan
0:10:47 > 0:10:47Financial regulators are preparing to impose fines on JPMorgan today
0:10:47 > 0:10:49to impose fines on JPMorgan today following
0:10:49 > 0:10:50to impose fines on JPMorgan today following the bank's $6.2 billion
0:10:50 > 0:10:51following the bank's $6.2 billion trading
0:10:51 > 0:10:51following the bank's $6.2 billion trading losses in London
0:10:51 > 0:10:51following the bank's $6.2 billion trading losses in London last
0:10:51 > 0:10:52following the bank's $6.2 billion trading losses in London last year.
0:10:52 > 0:10:53trading losses in London last year.
0:10:53 > 0:10:53trading losses in London last year. According to Bloomberg,
0:10:53 > 0:10:54trading losses in London last year. According to Bloomberg, JPMorgan
0:10:54 > 0:10:54According to Bloomberg, JPMorgan
0:10:54 > 0:10:54According to Bloomberg, JPMorgan will pay
0:10:54 > 0:10:54According to Bloomberg, JPMorgan will pay $900
0:10:54 > 0:10:56According to Bloomberg, JPMorgan will pay $900 million
0:10:56 > 0:10:56According to Bloomberg, JPMorgan will pay $900 million to settle
0:10:56 > 0:10:58will pay $900 million to settle charges.
0:10:58 > 0:10:58will pay $900 million to settle charges. It led to
0:10:58 > 0:10:59will pay $900 million to settle charges. It led to the
0:10:59 > 0:11:00will pay $900 million to settle charges. It led to the losses racked
0:11:00 > 0:11:00charges. It led to the losses racked
0:11:00 > 0:11:02charges. It led to the losses racked up I want
0:11:02 > 0:11:02charges. It led to the losses racked up I want particular
0:11:02 > 0:11:02charges. It led to the losses racked up I want particular trader known
0:11:02 > 0:11:03charges. It led to the losses racked up I want particular trader known as
0:11:03 > 0:11:05up I want particular trader known as the
0:11:05 > 0:11:05up I want particular trader known as the London whale. We
0:11:05 > 0:11:05up I want particular trader known as the London whale. We will look
0:11:05 > 0:11:06up I want particular trader known as the London whale. We will look at
0:11:06 > 0:11:06the London whale. We will look at newspapers
0:11:06 > 0:11:06the London whale. We will look at newspapers next. Stay
0:11:06 > 0:11:06the London whale. We will look at newspapers next. Stay with
0:11:06 > 0:11:12the London whale. We will look at newspapers next. Stay with us.