:00:00. > :00:16.Now it's time for World Business Report.
:00:17. > :00:19.Promises, promises - we take a look at which campaign
:00:20. > :00:21.pledges President Trump has kept and which he has not,
:00:22. > :00:28.China's Lenovo gives up the crown as the worlds biggest PC maker
:00:29. > :00:36.after some very disappointing results.
:00:37. > :00:46.In a minute we'll also investigate the environmental impact
:00:47. > :00:53.he came into the White House with a pro-business agenda.
:00:54. > :00:56.But events this week have caused the business community in America
:00:57. > :01:00.And after over 200 days in office, Donald Trump has yet
:01:01. > :01:03.to achieve his first legislative change.
:01:04. > :01:06.Analysts have warned that his response to the violence
:01:07. > :01:08.in Charlottesville will hurt Republicans' prospects for progress
:01:09. > :01:19.So the big question is: can the president deliver
:01:20. > :01:28.TPP - a flagship trade deal with 11 Asia-Pacific countries -
:01:29. > :01:30.blaming the deal for job losses in the US.
:01:31. > :01:38.He also promised he'd withdraw from the Paris climate deal.
:01:39. > :01:40.And in June the President fulfilled that promise,
:01:41. > :01:48.saying the deal "punished" the US and - again -
:01:49. > :01:49.would cost millions of American jobs.
:01:50. > :01:55.And nothing has been achieved when it comes to tax reform.
:01:56. > :01:58.Congress is struggling to agree on how to fund lower taxes
:01:59. > :02:04.One of his major campaign promises was to rework the trade
:02:05. > :02:06.agreement between the US, Canada and Mexico.
:02:07. > :02:11.Trump made it clear that he didn't want tweaks,
:02:12. > :02:24.With me is Joseph Sternberg, WSJ Europe Opinion Editor.
:02:25. > :02:30.when we look at what the President has achieved so far, has he done
:02:31. > :02:37.well enough on delivering the promises or are we expecting too
:02:38. > :02:41.much? You don't generally see a huge number of deliverable promises
:02:42. > :02:45.because things take time in Washington but the big problem for
:02:46. > :02:54.Trump is you have much less prospect there ever will be deliverables.
:02:55. > :02:58.Some of the things you've did. Such as the Trans-Pacific Partnership,
:02:59. > :03:03.the withdrawal, it's not necessarily an achievement anyway, and it also
:03:04. > :03:09.shows he has this ability to say no to things without being to say --
:03:10. > :03:13.being able to say what he will say yes to. The deeper we get into this
:03:14. > :03:18.administration, the bigger problem that is. It's not enough to oppose
:03:19. > :03:22.your predecessor eventually, you have to set out some think you are
:03:23. > :03:27.going to do. If President Trump happens to be watching this, trying
:03:28. > :03:32.to glean some advice from you, if he were to ask, what shall I focus on
:03:33. > :03:38.next, what is the most important of the pledges? The next thing he has
:03:39. > :03:42.any chance of doing is tax reform. That is in danger of running into
:03:43. > :03:48.the same problem he ran into when he failed to do anything about
:03:49. > :03:52.healthcare legislation. He has this perverse genius for alienating
:03:53. > :04:00.people in Congress he needs to help push forward his agenda and to be
:04:01. > :04:05.kind to a better job on tax reform in explaining to the public why he
:04:06. > :04:10.supports it, and making alliances on Capitol Hill to do it, the tax
:04:11. > :04:14.reform will be as much of a fiasco as his attempted healthcare
:04:15. > :04:19.legislation was. You mention the tax reform and regulatory changers, a
:04:20. > :04:24.lot of the giddy highs, the record highs the Wall Street markets have
:04:25. > :04:29.been hitting, have been on the expectations of that happening. How
:04:30. > :04:35.much more patient do you think the financial world will be before they
:04:36. > :04:39.start to pull back? Anyone looking at this from a political perspective
:04:40. > :04:46.is seeing a lot of cracks appearing in the wall. It is just this problem
:04:47. > :04:50.of the inability to work in Washington. For all the talk during
:04:51. > :04:57.the campaign of draining the swamp, trying to bring in a new way of
:04:58. > :05:01.doing business, how the American government works, you have basic
:05:02. > :05:06.constraints were you have to assemble a majority to vote for
:05:07. > :05:09.something. His inability to do that, his propensity for picking these
:05:10. > :05:14.Twitter fights with Republican leaders who should naturally be on
:05:15. > :05:18.his side, really becoming very self-destructive and tainting his
:05:19. > :05:21.ability to deliver on all of the economic promises he made to people
:05:22. > :05:26.who voted for him. Joseph, really interesting get your thoughts. -- to
:05:27. > :05:28.get. Chinese computer company Lenovo has
:05:29. > :05:35.lost it's position as the worlds largest PC maker after reporting
:05:36. > :05:38.a big, and unexpected, loss in the the quarter
:05:39. > :05:41.ending in June. Rico Hizon is in our
:05:42. > :05:45.Asia Business Hub in Singapore. So tell me Rico, how
:05:46. > :05:55.much did they lose? $72 million US in the red in the
:05:56. > :06:01.three months ending to June. Higher costs for its mobile division and
:06:02. > :06:08.Dart Centre business. And this setback was also a turnaround from
:06:09. > :06:14.the $173 million profit Lenovo made for the same period last year and
:06:15. > :06:18.compounding the problems, PC shipments dropping 6% year-on-year
:06:19. > :06:22.compared with a 3% decline in the industry and as a result, it lost
:06:23. > :06:31.its position as the world's largest PC maker to Hewlett-Packard in the
:06:32. > :06:36.quarter. The CEO of Lenovo in the analyst briefing is still quite
:06:37. > :06:40.confident going forward, saying they will still be making money but
:06:41. > :06:44.market conditions remain challenging, especially the
:06:45. > :06:47.components supply shortage and costs, which will continue
:06:48. > :06:53.pressuring business operations. Lenovo has suffered from a global
:06:54. > :06:59.demand in PC --a global decline in PC demand as consumers turn to
:07:00. > :07:07.tablets, particularly in China. More problems and challenges ahead for
:07:08. > :07:14.China's biggest PC maker. Many thanks indeed. Good to see you. I
:07:15. > :07:19.don't know what that growth repulsed --I don't know what Rico's holiday
:07:20. > :07:21.plans are that you may be one of the 25 million people who took a holiday
:07:22. > :07:24.aboard a cruise ship. The cruise industry
:07:25. > :07:26.is a major business - But as Theo Leggett reports,
:07:27. > :07:30.the new generation of giant floating Sailing serenely through
:07:31. > :07:36.the waters that surround some of the most beautiful
:07:37. > :07:38.places on earth. But when these vessels come close
:07:39. > :07:45.to land or interport not not
:07:46. > :07:51.everyone is pleased to see them. For many people,
:07:52. > :07:54.a cruise is a great way to see the world,
:07:55. > :07:56.at least to find But the industry has grown
:07:57. > :08:00.and so have the ships. Some modern cruise
:08:01. > :08:02.liners can carry more than 5,000 people and can
:08:03. > :08:04.cross oceans at 30mph. But critics say this scale
:08:05. > :08:07.and performance comes with a hefty environmental cost and that could be
:08:08. > :08:10.leading the industry in choppy Like other large ships,
:08:11. > :08:15.cruise liners burn heavy marine fuels, tons of it every
:08:16. > :08:21.hour, and they produce emissions such as sulphur dioxide,
:08:22. > :08:23.nitrogen oxide and particulates, which are known to be
:08:24. > :08:26.harmful to human health. The problem with cruise liners
:08:27. > :08:29.is not only are the passengers exposed when on the ship
:08:30. > :08:32.but when the ship is in port, it keeps the auxiliary
:08:33. > :08:35.engines running because it needs in some of the emissions
:08:36. > :08:41.being spread over the city, even when the ship isn't
:08:42. > :08:43.moving, and really we don't know what the effects
:08:44. > :08:46.of exposure over a lifetime In some port cities like Venice,
:08:47. > :08:50.for example, their effect on air reason the giant cruise ships are
:08:51. > :08:54.rapidly becoming unwelcome guests. Yet cruise firms say they're
:08:55. > :08:57.working hard to clean We are a very small part of that
:08:58. > :09:02.problem, but we are playing our part very
:09:03. > :09:04.actively to make sure that we do to contribute to air improvement
:09:05. > :09:10.in those ports and cities. Among the improvements on the way
:09:11. > :09:13.are high-tech exhaust filtering systems for existing
:09:14. > :09:22.vessels, while some new ships will be powered liquid natural gas,
:09:23. > :09:32.a much cleaner fuel. The industry knows it must take
:09:33. > :09:36.action or there is a risk more and more cities could see
:09:37. > :09:39.the back of these queens Asian stock investors joined
:09:40. > :09:46.a global retreat from riskier assets on Friday and the dollar wavered
:09:47. > :09:49.on growing doubts about US President Donald Trump's ability
:09:50. > :09:51.to deliver his economic agenda. Japan's Nikkei slid
:09:52. > :09:53.1% on global jitters Don't forget you can get in touch
:09:54. > :10:01.with me and some of the team