:00:00. > :00:20.possible collusion between Russia and the Trump campaign.
:00:21. > :00:23.Wall Street and markets watch as President Trump struggles to push
:00:24. > :00:35.Could a $2 trillion bubble be about to burst?
:00:36. > :00:38.Plus - Australia puts on a song and dance for China's Premier Li -
:00:39. > :00:40.massive trade ties top of the agenda.
:00:41. > :00:56.Also, Samsun faces shareholders at its annual meeting. I'd like to be a
:00:57. > :00:59.fly on the wall there. Our We start in the US -
:01:00. > :01:03.where President Trump is battling to deliver on one of his biggest
:01:04. > :01:06.election promises - and to hang on to his
:01:07. > :01:08.credibility with investors. Late on Thursday Republicans
:01:09. > :01:11.were forced to delay a vote in the House of Representatives
:01:12. > :01:13.on scrapping and replacing Obamacare as they struggled to
:01:14. > :01:16.drum up enough support On Wall Street it's
:01:17. > :01:27.being seen as a key test The concern is if he can't deliver
:01:28. > :01:31.on scrapping Obamacare, his other plans for massive tax cuts
:01:32. > :01:34.and spending hikes may not get Let's just show you the scale
:01:35. > :01:39.of the expectation that $2.2 trillion has been added
:01:40. > :01:47.to the value of US shares since Trump was elected in a rally
:01:48. > :01:54.of historic proportions. If you take a look at
:01:55. > :01:57.the Dow Jones Industrial Average, it has soared since
:01:58. > :02:06.the election in November. As of the start of this week, it had
:02:07. > :02:12.gone up 14% since the US election. The financial sector has been
:02:13. > :02:14.the biggest winner - That's because the President has
:02:15. > :02:22.promised to review the strict regulations brought
:02:23. > :02:24.in after the financial crisis - The Dow's index of bank
:02:25. > :02:30.shares has soared 17% (TAKE GFX 4) The construction
:02:31. > :02:33.industry has also been doing well - thanks to President Trump's promises
:02:34. > :02:36.of huge spending on infrastructure. Shares in that sector are up
:02:37. > :02:40.9% since the election. Markets have been rattled
:02:41. > :02:44.this week though. Some investors think they are now
:02:45. > :02:53.only going in one direction. The market really can't keep
:02:54. > :02:57.the gains that we had earlier today. It's just a no-win, because no
:02:58. > :03:00.matter what happens in the House, that bill, that healthcare bill just
:03:01. > :03:03.had to be too conservative The Senate will never be
:03:04. > :03:10.able to pass that bill. There's just too many
:03:11. > :03:13.on the left, liberal senators, so it's a no-win, which means it's
:03:14. > :03:16.no support for Trump which means that that Trump trade
:03:17. > :03:21.is starting to unwind. Russ Mould is Investment
:03:22. > :03:33.Director at AJ Bell. nice to see you. What do you make of
:03:34. > :03:39.all of this? Everybody predicted that this particular reform of the
:03:40. > :03:42.affordable healthcare act known as Obamacare would be extremely
:03:43. > :03:48.difficult. One of those classic situations where markets climb a
:03:49. > :03:53.wall of worry and slide down the slope. When Trump took over, people
:03:54. > :03:58.were wondering what he was. Infrastructure reform and healthcare
:03:59. > :04:03.reform and tax reform, he could be like Ronald Reagan, how exciting,
:04:04. > :04:10.GDP went up to 8% but now, hopes have gone from zero as you said to
:04:11. > :04:14.$2.3 trillion worth counting. There has been hope built-in and that is
:04:15. > :04:19.what he has got to meet. What's interesting is the move on his part
:04:20. > :04:26.saying we will vote on this regardless. If I don't win, but I
:04:27. > :04:30.will walk away. We will not necessarily change what has become
:04:31. > :04:35.known as Obamacare. What do you take from that in how he will push do
:04:36. > :04:40.other things which will be difficult to pass? It is the slope of hope
:04:41. > :04:43.again. The Budget blueprint didn't mention the $1 trillion of
:04:44. > :04:48.infrastructure spending. The Democrats are fighting this
:04:49. > :04:51.appointment for the Security and exchange commission and The Supreme
:04:52. > :04:56.Court, raising questions over what reforms he can push through which
:04:57. > :05:01.comes back to American investor Warren Buffett, who said when you
:05:02. > :05:06.mix your political views with your investment decisions, you are making
:05:07. > :05:11.a big mistake. Nobody knows what the politicians can do. It is hard to
:05:12. > :05:17.predict the outcome. Let me ask to predict what will happen on markets.
:05:18. > :05:22.This is the big question. Why do the markets get so excited? We knew it
:05:23. > :05:26.would be tough on Capitol Hill. Everybody said that. Investors said
:05:27. > :05:30.that, political analysts. We all knew it wouldn't be easy yet we saw
:05:31. > :05:38.this incredible rally since he was elected. Do I think the market is
:05:39. > :05:42.expensive? Yes. Is the economy late in its cycle? Yes. Do interest rate
:05:43. > :05:48.rises stopped the market, yes, because eventually more inspect at
:05:49. > :05:53.-- expensive money. What I will say, you are likely to get more
:05:54. > :05:58.volatility. We had a fall in the index which was the first one for
:05:59. > :06:02.110 days. You only get those moves every 11 so you are likely to see
:06:03. > :06:10.more volatility going forward. Good luck. Thanks a lot but coming in.
:06:11. > :06:18.Samsung has been facing investors at its Annual General Meeting.
:06:19. > :06:20.The company's leader - grandson of the founder
:06:21. > :06:23.and Vice Chairman Jay Y Lee - wasn't there.
:06:24. > :06:25.He's facing trial on charges of bribery and embezzlement
:06:26. > :06:28.which he denies in a corruption scandal that has seen president
:06:29. > :06:38.Sharanjit Leyl has been following this for us in Singapore.
:06:39. > :06:46.That was never going to be an easy AGM. But also the other issues that
:06:47. > :06:55.Samsung, it has had torrid year. A very torrid year. Lee wasn't there,
:06:56. > :07:00.detained over those bribery charges. We heard from the vice-chairman
:07:01. > :07:09.instead. He was apologising to shareholders. The scandals which led
:07:10. > :07:18.to the ousting of the South Korean president and the recall of the Note
:07:19. > :07:22.7 smartphones. They are promising the firm will improve governments in
:07:23. > :07:26.the face of pressure from investors and Mr Jay Y Lee, absent because he
:07:27. > :07:30.is facing all those charges including bribery and embezzlement.
:07:31. > :07:35.Prosecutors are accusing him of bribing are confident of the former
:07:36. > :07:40.resident in return of the government backing 2015 merger which helped
:07:41. > :07:47.tighten control over the South Korean technology giant. Also fire
:07:48. > :07:51.prone Note 7 and the Battle over its batteries, it cost the company about
:07:52. > :07:55.$6 billion in the vice-chairman apologise about that as wealth and
:07:56. > :08:00.Samsung shares are falling today. They hit record highs this month
:08:01. > :08:03.following very strong semiconductor sales and the potential for
:08:04. > :08:09.restructuring the technology giant. Investors are hoping to hear about
:08:10. > :08:12.that as well. The shares are falling today. Good to see you. Thank you.
:08:13. > :08:15.We are also in Australia - where the Chinese Premier Li Keqiang
:08:16. > :08:18.is holding talks with Prime Minister Malcolm Turnbull.
:08:19. > :08:20.They'll be discussing how to build on the Free Trade Agreement
:08:21. > :08:25.Mr Li's visit to Canberra comes at a time when China is looking
:08:26. > :08:28.to capitalise on the global uncertainty which has followed
:08:29. > :08:31.Our Australia correspondent Hywel Griffith has been looking
:08:32. > :08:45.Handmade for some of the world's most demanding sleepers. These
:08:46. > :08:55.mattresses are on their way from Sydney to Shanghai where they will
:08:56. > :09:00.sell for 75,000 Australian dollars. AH Beard only started exporting to
:09:01. > :09:05.China in 2013 and in a few years, they hope to have 100 stores there.
:09:06. > :09:10.The 2015 Free Trade Agreement has helped push down tariffs and plugged
:09:11. > :09:14.up profits, bolstered by the massive demand for Western goods. The buyer
:09:15. > :09:19.typically is not interested in buying locally produced products,
:09:20. > :09:22.they are looking for something that is imported. They particularly look
:09:23. > :09:28.to Australia because we have a very natural product and beyond, I guess,
:09:29. > :09:31.the quality of the product and the master craftsmanship which goes into
:09:32. > :09:38.producing the product, they are looking for something that is
:09:39. > :09:42.genuine. Premier Li Keqiang has been given a traditional welcome afforded
:09:43. > :09:48.to old allies. He's come to tell Australia it doesn't have to choose
:09:49. > :09:53.between China and America. They can trade in a circle of friends.
:09:54. > :09:56.Australia has spent decades carefully cultivating its
:09:57. > :10:00.relationship with China. It's become its biggest trading partner. The
:10:01. > :10:04.Free Trade Agreement sealed the deal but there are more doors the company
:10:05. > :10:09.opened like making it easier for Australian companies to sell on
:10:10. > :10:15.line. At the moment, exports are still dominated by iron ore and
:10:16. > :10:18.coal, the commodities that have kept the Australian economy moving. But
:10:19. > :10:24.there is a need to change track. Food sales like beef on the menu.
:10:25. > :10:29.There may even be time to discuss China stepping into the space
:10:30. > :10:33.vacated by America in a new transpacific part -- Trans-Pacific
:10:34. > :10:40.Partnership. The TPP itself may have to be modified because it has been
:10:41. > :10:45.strict on prices and a bunch of other issues which China has found
:10:46. > :10:49.difficult to swallow in the short-term but a modified version
:10:50. > :10:53.may be possible. For this company, more could be done to put the
:10:54. > :10:58.finishing touches to the trade agreement, like improving customs
:10:59. > :11:08.clearance but China and Australia become pretty happy bedfellows.
:11:09. > :11:17.The show you how markets are trading in Asia. It's a mixed picture. --
:11:18. > :11:25.let us. We saw some numbers for Japan earlier this week, the yen is
:11:26. > :11:29.still very strong. Markets in the US are very flat. Markets worldwide are
:11:30. > :11:34.waiting to see how that boat on the reform of the healthcare plan in US
:11:35. > :11:39.goes. That is the real issue for markets around the world. You
:11:40. > :11:40.up-to-date on the business stories. See you in a