:00:00. > :00:00.Now for the latest financial news with Aaron.
:00:00. > :00:20.A new-clear nightmare - $3 billion wiped off the value
:00:21. > :00:24.of the Japanese tech giant Toshiba, after it buys a US power business
:00:25. > :00:27.that turns out to be not so powerful.
:00:28. > :00:29.Beating the giants at their own game -
:00:30. > :00:32.we visit the man who couldn't wait for the electronics industry
:00:33. > :00:35.to come up with usable smart home solutions
:00:36. > :01:08.Well, happy... What do you say between Christmas and New Year?
:01:09. > :01:10.Anyway hopefully we have a bite-size look at finance.
:01:11. > :01:12.Shares of the Japanese technology giant Toshiba took
:01:13. > :01:14.another massive hit this morning falling 20% -
:01:15. > :01:16.that's the maximum allowed before the stock exchange
:01:17. > :01:20.The value lost off the company today is nearly $3 billion.
:01:21. > :01:27.And it's all to do with a not so good purchase Toshiba made
:01:28. > :01:36.Mariko Oi is in our Asia Business Hub in Singapore.
:01:37. > :01:44.Good to see you and I hope you had a wonderful Christmas. For those
:01:45. > :01:50.watching around the world, when I look at Toshiba, I thinking
:01:51. > :01:58.television, DVD players are not nuclear power stations! Some of our
:01:59. > :02:06.viewers may recognise Toshiba with rice cookers, washing machines, but
:02:07. > :02:11.it also creates everything from skyscrapers and microchips and, as
:02:12. > :02:16.you say, nuclear facilities. It basically bought the company and it
:02:17. > :02:24.is now thinking the company is not worth what they paid? The deal was
:02:25. > :02:34.done with Westinghouse Electric 's, it bought the business from Chicago
:02:35. > :02:39.Bridge I. It now seems the cost of the deal and also the value of the
:02:40. > :02:43.assets might not have been quite accurate and the company has come
:02:44. > :02:50.out and said its financial performance forecast it gave back in
:02:51. > :02:58.November may need to be put down and the company may be losing money.
:02:59. > :03:03.Wasn't this year when the ship came out and sort of said, sorry, guys,
:03:04. > :03:08.we have not been making the profits we have been telling you? The
:03:09. > :03:14.massive accounting scandals. It was revealed profits were overstated for
:03:15. > :03:20.60 years and at that time by the Chief executive officer had to step
:03:21. > :03:25.down. Company shares have been recovering, up 80%, until yesterday
:03:26. > :03:33.'s role so it is definitely not good news. Just as I have you, the Tokyo
:03:34. > :03:40.stock exchange, the market said it had Toshiba on a watchlist since the
:03:41. > :03:47.scandal. Can it be removed? Of what is a watchlist? It is probably too
:03:48. > :03:58.early to say. It is being monitored because the accounting scandal shook
:03:59. > :04:03.the industry. It is a massive company. It is being monitored by
:04:04. > :04:08.the authorities, this deal, which could lead to a huge loss. But
:04:09. > :04:14.whether or not it will be removed is too early to say. If you got the
:04:15. > :04:16.short straw and you are there tomorrow, I will talk to them. I
:04:17. > :04:20.will be there. See you then. After a rollercoaster 2016,
:04:21. > :04:22.what can we expect This week we're looking
:04:23. > :04:28.into our crystal ball to see Today our New York business reporter
:04:29. > :04:49.Samira Hussain takes a closer look One prediction that seems safe for
:04:50. > :04:53.business and economics in the US isn't that a certain figure will
:04:54. > :05:01.lead the large and that figure, off course, is a Donald Trump. New
:05:02. > :05:04.president arrived with a new frenzy of speculation about what they will
:05:05. > :05:10.and will not achieve and that seems much more than usual with Mr Trump.
:05:11. > :05:16.But if it is a new era in US politics, it is not as clear what I
:05:17. > :05:23.knew economic era he will bring. Takes guts, big ones. Mr Trump
:05:24. > :05:32.pledged to cut taxes in his campaign. -- takes cuts. It is safe
:05:33. > :05:36.to assume that some of it will happen. After that, it gets a little
:05:37. > :05:42.less certain. Infrastructure spending, Mr Trump says there will
:05:43. > :05:52.be more of that but it is not clear that Congress will go for it.
:05:53. > :05:58.Visitor was elected promising to renegotiate certain deals. Those are
:05:59. > :06:04.just three items on the agenda that could have a big impact on the US,
:06:05. > :06:08.even global economic growth. The new president 's efforts to remake the
:06:09. > :06:16.US economy, whether they succeed or fail, looks set to be highlighted
:06:17. > :06:17.globally. Smart homes - where technology steps
:06:18. > :06:21.in to make your house run smoothly - But do you need the likes of Google
:06:22. > :06:26.and Amazon to kit you out? Zoe Kleinman went to the New Forest
:06:27. > :06:50.to meet one man who has beaten them Imagine living in a house that is
:06:51. > :06:56.sort of self aware. They have high hopes for the Smart home but I hear
:06:57. > :07:02.the meet a man who has been doing it for years. Good morning. Simon says
:07:03. > :07:07.that Smart home living has dramatically decreased household
:07:08. > :07:16.deals. As the house knows where you are, it also knows which rooms need
:07:17. > :07:21.heat and light. We have a second set of sockets. If the power is not
:07:22. > :07:29.needed in a room, it automatically gets shut down. Simon has also
:07:30. > :07:37.installed to upgrade security to protect his home from cyber attack
:07:38. > :07:42.stop wireless technology is improving, with the volume of
:07:43. > :07:47.sensors and equipment, we have got nearly two kilometres of data
:07:48. > :07:53.cabling in the house and that is on top of the mains wiring as well. He
:07:54. > :07:59.gets constant updates via his telephone and smart watch. We are
:08:00. > :08:04.all generating huge amounts of data and big companies are using that and
:08:05. > :08:08.exploiting it to give us that services and create better
:08:09. > :08:12.advertising. I want to do that in the home to produce energy, to make
:08:13. > :08:17.it more comfortable. We need to find ways to understand where the
:08:18. > :08:23.boundaries are. Simon admits his family has had to get used to the
:08:24. > :08:28.idea of being monitored. Psychology Professor Tom Buchanan says that is
:08:29. > :08:35.not surprising. What is different about this situation is that you are
:08:36. > :08:39.aware of what is going on, where as in our everyday life, these things
:08:40. > :08:43.are in the background and become part of the furniture. Even if the
:08:44. > :08:52.bathroom has been touched by technology. The family liked
:08:53. > :08:58.listening to music but they would drop things into the bathwater. By
:08:59. > :09:04.wiping the rubber duck over different parts of the bus, you can
:09:05. > :09:08.pause, change music. It is proof you do not need to be a picture to
:09:09. > :09:12.create smarter home. It needn't cost the earth.
:09:13. > :09:17.India's Tata Sons is suing its ousted chairman,
:09:18. > :09:18.Cyrus Mistry, for breach of confidentiality,
:09:19. > :09:21.The conglomerate accused him of causing "irreparable harm
:09:22. > :09:24.and damage" by making sensitive documents public at a companies'
:09:25. > :09:28.These included the minutes of board meetings, financial
:09:29. > :09:35.Mr Mistry has been in a public spat with Tata since
:09:36. > :09:43.Don't forget you can get in touch with me and some of the team
:09:44. > :10:00.Health officials here in the UK are warning that middle aged people
:10:01. > :10:04.face a health crisis due to their lifestyles.