:00:00. > :00:00.hearing on Tuesday. Those are the headlines. Now, for the latest
:00:00. > :00:42.Parliament ignites the issues. We headlines. Now, for the latest
:00:42. > :00:51.Parliament ignites the issues. We assess the impact on the business.
:00:51. > :00:52.Parliament ignites the issues. We Welcome. This is the world business
:00:52. > :01:00.confidence hits a 3.5 year high Welcome. This is the world business
:01:00. > :01:16.Australia. We will have more on that. The International Monetary
:01:16. > :01:29.crystal ball. Its last report in territory. There have been big
:01:30. > :01:34.changes since then. China is seen slimmer growth were the most recent
:01:34. > :01:39.data indicating optimism is fading. The emerging markets are weakening.
:01:39. > :01:50.In the US, the Central Bank recently delayed to start easing the world's
:01:50. > :01:55.biggest economy off its stimulus. Good morning. What do you think
:01:55. > :02:00.biggest economy off its stimulus. report will stay? I think the point
:02:00. > :02:06.is that you make largely carry on. The big shifts that carry on a
:02:06. > :02:15.largely in the developing markets. In a number of developed countries
:02:15. > :02:27.and the risk that this won't be things are picking up. I think the
:02:27. > :02:33.and the risk that this won't be resolved before the debt ceiling is
:02:33. > :02:41.more serious fiscal adjustment of the US which would be another danger
:02:41. > :02:43.meeting in Washington and I am wondering and this report, to what
:02:44. > :02:56.the already dangerous outlook and wondering and this report, to what
:02:56. > :02:57.the already dangerous outlook and uneven recovery. The work would
:02:57. > :03:01.the already dangerous outlook and been done before the shutdown was a
:03:01. > :03:11.reality and this continued bickering and Washington was constant. In
:03:11. > :03:15.terms of the eurozone debt crisis, because that until recently has
:03:15. > :03:17.terms of the eurozone debt crisis, the black cloud hanging over the
:03:17. > :03:29.global economy, in the last report they talked about questions still on
:03:29. > :03:33.changed? There is recovery taking place around the eurozone and of
:03:33. > :03:40.course the United Kingdom appears to underlying structural fundamental
:03:40. > :03:43.governance issues... Nothing has really been resolved. Further shocks
:03:43. > :03:49.could bring back, maybe not the really been resolved. Further shocks
:03:49. > :04:03.category of crisis, but the same issues for the eurozone. In Japan we
:04:03. > :04:12.have Abenomics going on. In China, to what extent do you think that
:04:12. > :04:17.Abenomics... So far, China has done quite well especially compared to
:04:17. > :04:23.other rich countries and compared to sustainable that as will be an open
:04:23. > :04:30.question because as increasing consumption and uncertainty about
:04:30. > :04:45.more slowly than it has in the past. rebalancing act. Everybody agrees
:04:46. > :04:47.more slowly than it has in the past. up—to—date on any news from the
:04:47. > :04:52.more slowly than it has in the past. and the report as it is released
:04:52. > :05:10.companies even as employment remains Business confidence in Australia
:05:10. > :05:13.companies even as employment remains It is interesting, isn't it, that
:05:13. > :05:19.business leaders feel better about the outlook? Absolutely. The number
:05:19. > :05:31.survey conducted by NAB base it the outlook? Absolutely. The number
:05:31. > :05:36.findings on an 400 companies that measure hiring, sales, and profits.
:05:36. > :05:41.They believed the Federal Election result in early September which
:05:41. > :05:49.brought the Liberal Coalition asked Tony Abbott to power has bought
:05:49. > :05:57.confidence up even further. It has cut red tape and lowered taxes.
:05:57. > :06:01.These factors, they believe, will boost the $1.5 trillion economy
:06:01. > :06:10.which has been quite lacklustre boost the $1.5 trillion economy
:06:10. > :06:18.unemployment is set to remain at the four year high when numbers are
:06:18. > :06:25.released later the week. The Central Bank has reduced rates to a record
:06:25. > :06:29.manufacturing and services to do encouraging other companies in
:06:29. > :06:35.manufacturing and services to do more business at home. Thank you.
:06:35. > :06:45.taking up smoking. The vote is the Also today, the European Union will
:06:45. > :06:51.following closely. Changes include first step and plans to shake up the
:06:51. > :06:56.following closely. Changes include bigger health warnings on packets,
:06:56. > :07:01.packs of ten no longer being sold, slimmer cigarettes often snubbed by
:07:01. > :07:07.women being forbidden, electronic cigarettes which give a nicotine hit
:07:07. > :07:24.industry, but how big a blow? The product. To talk through this, I
:07:24. > :07:26.industry, but how big a blow? The view is that they have been badly
:07:26. > :07:32.performing in the past two years uncertainty in the eurozone and
:07:32. > :07:33.interest rates. If you look at the measures, the main measures in the
:07:33. > :07:38.directive, they are restricting measures, the main measures in the
:07:38. > :07:48.industry's ability to do two things that it needs to, innovate and
:07:48. > :07:53.communicate it to consumers. Bans on the industry are preventing it from
:07:53. > :08:00.being successful in innovation with its consumer base. Graphic health
:08:00. > :08:12.warnings will prevent information Many big players are seen as coming
:08:12. > :08:21.for some time. They can make money from eCigarettes. Over the decades,
:08:21. > :08:27.the industry has seen increased regulation and its markets have
:08:27. > :08:33.become darker and darker. Some of the companies have been better than
:08:33. > :08:42.others. British American Tobacco, manufacturing and selling of these
:08:42. > :08:45.eCigarettes. There are a lot of amendments and sidebars to this
:08:45. > :08:52.being discussed today. Do you think this will get voted through all
:08:52. > :08:53.being discussed today. Do you think it be watered down? It is a very
:08:53. > :09:09.will probably be watered down to conjugated seizure. It is going
:09:10. > :09:22.will probably be watered down to about 65% from the current 75%.
:09:22. > :09:28.Let's have a look at the financial cigarettes. Thank you for your time.
:09:28. > :09:32.Let's have a look at the financial markets. The lack of movement on the
:09:32. > :09:42.impasse on how to solve the budget things. We can see some weak games.
:09:42. > :09:48.—— gains. Let's have a look at the United States. We saw declines
:09:48. > :09:51.across the board in the US. They have been on a topsy—turvy ride
:09:51. > :09:56.across the board in the US. They some time. Indications today will
:09:56. > :09:58.see further losses as they are still no movements on the discussion about
:09:58. > :10:00.the budget and the United States.