27/01/2017 World Business Report

But these days is the 'special relationship' simply more special

And when is a $5.3 billion profit in three months just not enough?

We'll tell you why investors are not happy with Google and also find out

if its parent company Alphabet's other bets will pay off?

We have the Friday feeling and if you are watching for the first time,

stay where you are, we have a snapshot of the latest in the world

of business and money. We will also discuss the year of the Golden

Rooster. we start in the US where,

as you have been hearing, UK Prime Minister Theresa May

will become the first world leader to meet President Trump

when they hold talks later today. Mrs May has called on the President

to renew the 'special relationship' She is keen to show Britain can

prosper outside the European Union - so lining up a post-Brexit trade

deal is high on her agenda. But is it really

a priority for the US? Let's show you some

of the numbers involved. the United States is the UK's

top export destination. Britain sold goods and services

worth $125 billion to Taken together though,

the European Union is by far Britain's top export market,

worth $280 billion. Any drop in those exports

as a result of Brexit could see Britain is far less

important to the US America sold $65 billion of goods

and services here in 2015 - half the amount that

went the other way. And to put that in the context

of the vast US economy, that is little more than 4%

of total US exports. And less than half

a percent of US GDP. So putting aside the warm words,

will this really be a priority We'll be getting the views

of an expert in just a moment. We are excited that Prime Minister

May is coming on Friday. We look forward to it. It may not seem like

it but president Donald Trump and Prime Minister Theresa May have a

few things in common. Their rise in power was fuelled by populism and

the establishment rejection. Another hoped to create bilateral treaties.

He will talk to the Prime Minister and have a great conversation about

the potential for greater trade with the UK. The pressure is on. Brexit

negotiations are imminent. And nailing down a trade agreement with

the US would give Theresa May a big boost back home. Because of these

strong economic and commercial links and our shared relationship, I look

forward to pursuing to talks with President Trump and his new

administration about a new UK US free trade agreement in coming

months. The fact she is the first world leader to visit the White

House under a Trump administration is perhaps a testament to Britain's

special relationship with the United States. I am meeting with the Prime

Minister tomorrow, as you know. Great Britain. So I am meeting was

her tomorrow. I don't have my commerce Secretary and they want to

talk trade. I will have to handle it myself. Which is OK. There you go.

Stephanie Hare is an independent political risk analyst.

Thank you for being here. He will handle himself, right? Looking at

those numbers, it is astonishing. Just 4% of US exports come over here

compared to what we, as is the Australian to be American, we ship

over there. If they can deal the table, they do a big deal, can the

US make up for the void if we lose out on the union? Theoretically,

sure. What is likely in what is probable? The fact that the matter

is that if you were to take the trading relationship between the

United Kingdom and the EU and the United Kingdom and the United States

and remove the labels and look at the numbers you would pick the with

the EU everytime. And, yet, we have had a vote where we are leaving the

European Union and now we are in a position where we have to leave an

extremely advantageous trade relationship and make up for it with

other deals. The Prime Minister has a job on her hands. President Trump

as saying that he will do this himself but we know that today it is

just talks between the leaders. They won't do anything, it is just about

the team of negotiators. As the UK have the right people in place to

make, to do the negotiations without being eaten alive by your lot? The

United Kingdom does not have sufficient numbers of trade experts

right now and at what is worrying, of course, is that they had to do

trade negotiations with the EU and the other 27 member states and now,

potential, with the United States. So, again, it is sort of like

entering a boxing ring with one arm tied behind your back. And how about

the US boxer? They have some of the best trade negotiators in the world.

OK. OK... That is reassuring, isn't it? What will success look like for

these two today? Success will look like the two of them being able to

come away making some reassuring noises about the special

relationship. We can expect to see the UK Prime Minister talking about

that, that she has made her point and she is coming back with her red

white and blue Brexit deal, getting a good value the United States. Like

Chamberlain walking off the plane back in 1938, 939...? She is quite

constrained in terms of what she can do to the next two years. Until the

United Kingdom leaves the European Union cannot formally negotiate any

other free trade union agreement. We need the UK to trigger Article 50,

go through Brexit, formally leave the EU and only then can we formally

negotiate. There will be talk behind the scenes and that is what is

happening today. Donald Trump, he can talk about anything and say

things and we have all learned that what he tends to say things like he

is floating a balloon, he can walk things back. He will make noises

that make him seem positive. But I don't think it will really be worth

the paper it's written on. We need to see what is going to in two years

time. As an American living in the UK, do we matter? Is Britain Mattan

to the US? It is always good to have friends in the world. Very

diplomatic. -- -- does Britain matter to the world?

When is $5.3 billion profit in three months just not enough?

The parent company of the internet giant saw its shares fall

in after hours trade after its quarterly

As Dave Lee reports from San Francisco,

there are concerns about a slowdown in the growth

and just how future proof the company may be.

We call it picks cell. The final three months of 2016 were important

for Google. It launched a new smart phone range and went big with its

new voice-activated system. The company did not break out the

numbers to those new devices so it is difficult to know how they

perform. O'hAilpin chief executive said he was comfortable with the

direction things were going with the new products. He will lead them to

succeed. The revenues of Alphabet which are at 22% on this time year

still rely heavily on earning money through Google's advertising. It's

even more of us turned to mobile computing people are tapping on

Google ads more than they used to. But advertisers of paying less per

click than before. Aside from Google, Alphabet has what it calls

its other bets. Things like superfast broadband, self driving

cars, smart thermostats. The revenue of those is double compared to this

time a stupid overall in the last three months those bets collectively

lost the company $1.1 billion. Let's go to Asia finally -

where tomorrow marks the start Roosters are supposed to be

hardworking, confident and talented but can be vain and arrogant

with a tendency to boast. And they have a tendency

to ruffle feathers. There you go. Thank you. Happiness

and asperity for you, Aaron. Right back at you. The year of the

rooster... You have been speaking to an astrologer? Is that right? That

is right. You know what? We are leaving the year of the monkey which

was full of mischief and unexpected outcomes in 2016. Let us all welcome

the year of the rooster. Here it is. 2016 was bad and according to the

astrologers I spoke with 2017 will be a year of disruption,

transformation, conflict and revolution. And if you take a look

at the political side of the fence, the most important link here is the

combination of China's leader, US leader and Russian leaders. They

were all born in the year of the rooster. The big question is will

they be able to work with each other because this will surely dominate

global markets. But if you take a look at the business side in the

near term, build lunar New Year and the biggest human migration in the

world, citizens get a seven-day break and much of the economy will

come to a halt. Many people will return to their home towns or visit

families and travel overseas. This is big money going forward. OK,

Rico. Please put your rooster away. We will be back later and you can

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