18/08/2017 World Business Report

Now it's time for World Business Report.

Promises, promises - we take a look at which campaign

pledges President Trump has kept and which he has not,

China's Lenovo gives up the crown as the worlds biggest PC maker

after some very disappointing results.

In a minute we'll also investigate the environmental impact

he came into the White House with a pro-business agenda.

But events this week have caused the business community in America

And after over 200 days in office, Donald Trump has yet

to achieve his first legislative change.

Analysts have warned that his response to the violence

in Charlottesville will hurt Republicans' prospects for progress

So the big question is: can the president deliver

TPP - a flagship trade deal with 11 Asia-Pacific countries -

blaming the deal for job losses in the US.

He also promised he'd withdraw from the Paris climate deal.

And in June the President fulfilled that promise,

saying the deal "punished" the US and - again -

would cost millions of American jobs.

And nothing has been achieved when it comes to tax reform.

Congress is struggling to agree on how to fund lower taxes

One of his major campaign promises was to rework the trade

agreement between the US, Canada and Mexico.

Trump made it clear that he didn't want tweaks,

With me is Joseph Sternberg, WSJ Europe Opinion Editor.

when we look at what the President has achieved so far, has he done

well enough on delivering the promises or are we expecting too

much? You don't generally see a huge number of deliverable promises

because things take time in Washington but the big problem for

Trump is you have much less prospect there ever will be deliverables.

Some of the things you've did. Such as the Trans-Pacific Partnership,

the withdrawal, it's not necessarily an achievement anyway, and it also

shows he has this ability to say no to things without being to say --

being able to say what he will say yes to. The deeper we get into this

administration, the bigger problem that is. It's not enough to oppose

your predecessor eventually, you have to set out some think you are

going to do. If President Trump happens to be watching this, trying

to glean some advice from you, if he were to ask, what shall I focus on

next, what is the most important of the pledges? The next thing he has

any chance of doing is tax reform. That is in danger of running into

the same problem he ran into when he failed to do anything about

healthcare legislation. He has this perverse genius for alienating

people in Congress he needs to help push forward his agenda and to be

kind to a better job on tax reform in explaining to the public why he

supports it, and making alliances on Capitol Hill to do it, the tax

reform will be as much of a fiasco as his attempted healthcare

legislation was. You mention the tax reform and regulatory changers, a

lot of the giddy highs, the record highs the Wall Street markets have

been hitting, have been on the expectations of that happening. How

much more patient do you think the financial world will be before they

start to pull back? Anyone looking at this from a political perspective

is seeing a lot of cracks appearing in the wall. It is just this problem

of the inability to work in Washington. For all the talk during

the campaign of draining the swamp, trying to bring in a new way of

doing business, how the American government works, you have basic

constraints were you have to assemble a majority to vote for

something. His inability to do that, his propensity for picking these

Twitter fights with Republican leaders who should naturally be on

his side, really becoming very self-destructive and tainting his

ability to deliver on all of the economic promises he made to people

who voted for him. Joseph, really interesting get your thoughts. -- to

get. Chinese computer company Lenovo has

lost it's position as the worlds largest PC maker after reporting

a big, and unexpected, loss in the the quarter

ending in June. Rico Hizon is in our

Asia Business Hub in Singapore. So tell me Rico, how

much did they lose? $72 million US in the red in the

three months ending to June. Higher costs for its mobile division and

Dart Centre business. And this setback was also a turnaround from

the $173 million profit Lenovo made for the same period last year and

compounding the problems, PC shipments dropping 6% year-on-year

compared with a 3% decline in the industry and as a result, it lost

its position as the world's largest PC maker to Hewlett-Packard in the

quarter. The CEO of Lenovo in the analyst briefing is still quite

confident going forward, saying they will still be making money but

market conditions remain challenging, especially the

components supply shortage and costs, which will continue

pressuring business operations. Lenovo has suffered from a global

demand in PC --a global decline in PC demand as consumers turn to

tablets, particularly in China. More problems and challenges ahead for

China's biggest PC maker. Many thanks indeed. Good to see you. I

don't know what that growth repulsed --I don't know what Rico's holiday

plans are that you may be one of the 25 million people who took a holiday

aboard a cruise ship. The cruise industry

is a major business - But as Theo Leggett reports,

the new generation of giant floating Sailing serenely through

the waters that surround some of the most beautiful

places on earth. But when these vessels come close

to land or interport not not

everyone is pleased to see them. For many people,

a cruise is a great way to see the world,

at least to find But the industry has grown

and so have the ships. Some modern cruise

liners can carry more than 5,000 people and can

cross oceans at 30mph. But critics say this scale

and performance comes with a hefty environmental cost and that could be

leading the industry in choppy Like other large ships,

cruise liners burn heavy marine fuels, tons of it every

hour, and they produce emissions such as sulphur dioxide,

nitrogen oxide and particulates, which are known to be

harmful to human health. The problem with cruise liners

is not only are the passengers exposed when on the ship

but when the ship is in port, it keeps the auxiliary

engines running because it needs in some of the emissions

being spread over the city, even when the ship isn't

moving, and really we don't know what the effects

of exposure over a lifetime In some port cities like Venice,

for example, their effect on air reason the giant cruise ships are

rapidly becoming unwelcome guests. Yet cruise firms say they're

working hard to clean We are a very small part of that

problem, but we are playing our part very

actively to make sure that we do to contribute to air improvement

in those ports and cities. Among the improvements on the way

are high-tech exhaust filtering systems for existing

vessels, while some new ships will be powered liquid natural gas,

a much cleaner fuel. The industry knows it must take

action or there is a risk more and more cities could see

the back of these queens Asian stock investors joined

a global retreat from riskier assets on Friday and the dollar wavered

on growing doubts about US President Donald Trump's ability

to deliver his economic agenda. Japan's Nikkei slid

1% on global jitters Don't forget you can get in touch

with me and some of the team