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tv   BBC Business Live  BBC News  June 11, 2019 8:30am-9:00am BST

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this is business live from bbc news with ben thompson and sally bundock. the uk's phone networks urge the government to make up its mind over huawei and sg. live from london, that's our top story on tuesday the 11th ofjune. concerns over huawei's links to the chinese government have frozen it out of the us but will britain follow suit over security fears? the pressure is on the government to make up its mind. also in the programme taking gaming to the next level.
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we'll be live at the industry's biggest event to find out if streaming will give it yet another life and as far as markets are concerned in europe, most of them headed higher, we will talk you through the winners and losers. and protecting national treasures... we'll meet the boss of britain's national trust — that preserves and protects 500 historical buildings, houses and palaces. and as we talk gaming and the latest in tech — we want to know — how much time — and money — do you spend on gaming? let us know, use the hashtag, bbc biz live. hello and welcome to business live. to get in touch, my children spend far too much time and i'm the one who seems to spend all the money! what is wrong with that? we'll get to gaming in a few minutes. at first
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the uk is risking losing its position as a world leader in mobile connectivity if it doesn't get a move on deciding on if will allow huawei's involvement in 56. the chinese telecoms giants is being scrutinised around the world because of us concerns that it may help the chinese government to spy. the company denies it ever has or would do that. but the uk's mobile operators want clarity over how much the government share those concerns. our business editor is simonjack. nice to see you. interestingly, you have the letter there, what are they saying? this is an early draft, being shared among some of the big mobile operators, bt, vodafone, for example and what they say is we appreciate you think the fact 56 is important but for goodness sake please get a move on. they say we
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are concerned by the continued uncertainty by the future role for white may play in our supply chain, we understand it's conducting a review and we need to get to this decision quickly. huawei, you covered it on this programme, the world ‘s leading maker of the sg telecoms equipment. 56 promises super fast, super reliable, telecoms equipment. 56 promises superfast, super reliable, all sorts of new connectivity, d riverless sorts of new connectivity, driverless cars, used in the health ca re system driverless cars, used in the health care system and says if we don't get a move on, the operator say, we risk delaying bad and delaying the uk ‘s place as being one of the global leaders in rolling out this technology. security concerns aside, there is a lot of politics involved in this, i wonder if this letter will change anything? the us has already frozen by out, citing security concerns as sally mentioned. other companies around the world, australia, have taken the same route, we are right at this moment, the world is fracturing into countries where while it can sell
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its products and countries where it can't. they need this decision as soon can't. they need this decision as soon as can't. they need this decision as soon as possible privately despite the urgency some of them tell me they are resigned to the fact that given the foreign policy, and the security implications of this decision, it's unlikely we will get moving on this before we get a new prime minister and that puts us to the back ofjuly. although they say get a move on, secretly they know we have wait longer. what happens next, not only are we still looking for a new prime minister but brexit is welcome at the end of october, might figure in this, whether collectively we do something as part of europe or independently. i think the other point to make is until brexit is sorted, as you know, the government has been paralysed, there's very little else going on in government until is sorted. everyone acknowledges this is very important. these guys are saying for goodness sake get a move on. i think we are still in a rather holding pattern until as you say we get a new prime minister in some sort of resolution to the brexit question. simon, i
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know you will stay across this and you've written on this for the bbc website. you'll find simon ‘s story on there. sally. one of the world's biggest gaming events — called e3 — kicks off in los angeles later today. it comes as the industry moves away from traditional consoles — and towards streaming. the video gaming market is enormous — it's estimated there are 2.3—billion gamers globally — with sales of $137—billion last year alone. and streaming is becoming a big earner for the industry — it's thought the game fortnite brought in $2.4—billion dollars last year. at e3 in los angeles — attention will be focused on devices like this — google's stadia — which once launched — will let users stream games over the internet — for a monthly subscription. microsoft is also getting in on the streaming market — and plans to launch a beta service in october.
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our technology reporter chris fox is at the event and is streaming the future? talk us through what you've seen, sally touching on some of the issues there but new tech on display and its things we could be using within the next few months? the idea with streaming gaming is that you never have to buy a console, you never have to buy a console, you never have to buy a console, you never have to upgrade your console or pc, you can use the processing power of a data centre and stream the video footage over the internet to your home, you don't even necessarily have to buy the disc, you can stream the game from a library, a bit like you would with a movie streaming service but there are concerns. you have to have a really good internet connection to reduce delay between you mashing the buttons on your controller and the action taking place on screen. there's also questions about game ownership, if a service closes down and you've got lots of games on a streaming service, then you lose them, you
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wa nt service, then you lose them, you want on them anymore so microsoft has said, it is ploughing ahead physical consoles, the project scarlett was announced here and the playstation five, playstation have been talking about, they are working on new hardware. the council is far from dead. i wanted to ask about that, all the predictions are everything will be done in the cloud and streams, that box sat underneath your television will no longer exist but you say that's far from the case right now? yes, it's a bit like movie streaming services. another concern is how many do you subscribe to, netflix, amazon, how many will each person pay for and now we've seen microsoft come on board with a streaming service, we've got google planning one and even some of the individual game publishers are planning their own subscription options, we had the maker of games like watch dogs planning its own streaming service, you pay a monthly
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fee and you get all of the games. that question needs to be answered, how many are people going to pay for? chris, good to talk to you, thank you. chris staying right across that and there will be much more from our tea m there will be much more from our team out in los angeles over the coming days. much more on the website. let's take a look at some of the other stories making the news shares in the british fashion retailer ted baker have opened almost 30% lower after it issued a profits warning for this year. the company is blaming " extremely difficult trading conditions" around the world. it said it's also experienced "some challenges" with it's latest clothing collections. earlier this year, the firm made changes to its hr policies after the "forced hugs" scandal that led to the departure of founder ray kelvin. canada has announced a ban on the single—use plastics that are most harmful to the environment and the world's oceans. prime ministerjustin trudeau says the ban on items such as straws, cutlery,
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bags, and cotton buds will come into effect in two years' time. the european union made a similar decision in march. the trump administration has given mexico 45 days to cut the number of migrants crossing its territory on their way to america orface having tariffs slapped on its goods. he delayed doing so at the weekend. at the same time the us president warns he is ready to impose another round of levies on chinese imports if a deal isn't reached with xi jinping at the group of 20 summit later this month. an international bailout, more social welfare and curbs on military spending are all on the agenda for pakistan's budget later today. prime minister imran khan says the country faces an "unprecedented economic crisis" despite forecasts for growth of 4% next year. lets go to secunder kermani, our correspondent in islamabad...
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we touched on some of the issues, the highlights they are contending with as far as balancing the books are concerned but it's quite a tough job to make sure the numbers add up. indeed. the pakistan economy is not ina good indeed. the pakistan economy is not in a good position right now. in may, pakistan reached a staff level agreement with the imf for a $6 million bailout, that hasn't been formally begun yet but the imf seems to have had an influence in how this budget is being drawn up. there's beena budget is being drawn up. there's been a lot of talk in the lead up to today about the need for austerity measures. one of the biggest challenges pakistan faces is that it's got a very low rate of tax collection so expecting some measures to be announced today to increase tax revenue through both direct and indirect taxes. but the prime minister imran khan was elected as prime minister last year. ona elected as prime minister last year. on a platform promising to increase
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social welfare spending. so a real challenge for him to deliberate those improvements to ordinary people '5 lives while keeping the books balanced. thank you. when we get the numbers and detail in the budget we will make sure our viewers get to hear about it. let's take you through the markets today. a fairly flat today, you can see hong kong up nearly i%, in the us we saw gains again for the s&p 500, the broader market in the us was street five daysin market in the us was street five days in a row of gains, feeling quite positive but don't be fooled. i have to say, the sentiment remains pretty fragile and people are on the edge of their seats again because of all the threats coming from the white house and it's all about trade. whether it be garnered towards china or mexico. let's look at europe. a big loserfor the ftse 100, ted baker, shares down 30% on the morning, difficult driving conditions. again, we've got gains across the board. we'll talk some
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more about these markets in detail ina more about these markets in detail in a moment, and samira hussain has the details of what's ahead on wall street today. tesla will be holding its annual shareholder meeting on tuesday. since the last time they got together in 2018 tesla's market value has dropped more than 30%. in part a result of a tweet from chief executive elon musk suggesting he would take the company private, a social media post which resulted in a $20 million fine for himself and the company as part of a settlement with the federal regulators. also weighing on the stock is falling deliveries and the company's quarterly earnings in the first half of 2019. that said, in the past tesla stock has risen dramatically following announcements at the company's annual meeting. also happening on tuesday, the labor department is expected to report producer price is went up 0.1% may after a 0.2% increase in april.
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joining us is rebecca mcvittie, investment director at fidelity international nice to see and welcome to the programme. let's stay in the us and start with what we've heard from president trump and we've heard a lot that's been able to move markets recently, not least a trade war issues but talking about currencies. bring us up to date. you've seen the trade very weak recently, reaching six month lows, one of the things the president is commenting on is the president is commenting on is the role china plays in terms of currency the role china plays in terms of currency manipulation. that helps dry more competitive exports, one of the things trump is dry to target with tariffs and the more protectionist type policy he is looking to introduce. the chinese currency, this is all rolling into this big threat coming again from the white house, meet me in osaka, or you might be on the end of more tariffs. yes and i think what's
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interesting, in typical trump style there isn't an indication that meeting won't take place, trump has come back onto the waves and indicated we will see 300 billion more tariffs imposed if the meeting doesn't take place with immediate effect. i think there's a degree of concern that no one has pulled back from that meeting at this point in time. it's interesting, we'll talk more about this later but rebecca, for now, thank you. rebecca will return to look through some of the newspapers with us, some interesting stories in the global business press later. we'll get the latest update on jobs later — and its expected to show record levels of employment in the uk. in cambridge, the situation is so tight that there are far more jobs, than people to take them. and we talk to the boss of the national trust in just a few
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moments. the national trust charged with looking after a number of national treasures. coming up in a moment. jobless total still at record levels. there is a real concern about skills, can companies get the skills they need for the jobs they have available. sean has been there and is finding out how it all works.
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dave lomax is the man in charge here. dave. hello. when you look at the skills that you are dry to recruit here at jag x, what is it that you need that so difficult to get? it's highly technical roles. for us, things like developers, programmers, engineers. artists. graphics designers. all of those things going into making a video game. and then they are hard to find skill sets and we need to recruit globally. what needs to happen for us to be able to fill that domestically? is it possible?” think it's encouraging people at school age to be able to choose the profession, so we get a bigger candidate pool over time. but i think immediately it's about outreach to be able to fill the
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jobs. 100 vacancies for last year, looking to fill the same this year. when you look at what you need to do pru persuade people tojoin when you look at what you need to do pru persuade people to join you, when you look at what you need to do pru persuade people tojoin you, do you have to go the extra mile? differentiation is absolutely key. look back and think about technology, google who introduced the bean bags and pool tables and that type of thing it's much more sophisticated than that. the environment, the work space is important but things like learning and development, career growth, all of those things really important so people are looking for the rules. it's not all table tennis tables. a very differentjobs market wherever you look across the country, the headline figures don't always tell the full story. the government warned that its
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risking losing its role as a global leader in connectivity. big questions about the roll—out for 5g. uk operator saying to the government get on with it. let's look at what the markets are doing. lots of concern about potential drivers, not least with mexico but the threats from china. its been called a british institution and even a national treasure. the national trust has the job of looking after historic houses and almost 800 miles of british coastline. founded in 1895, the trust is a large charity which has special powers to "preserve and protect" over 500 historical places in britain. scotland has its own organisation. the national trust has around five million members — making it one of the world's largest membership groups.
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hilary mcgrady, director general, national trust is with us now what a job. where do you start, you took it on in march last year, you've been with the national trust for some time. i was there for 13 years, but it's the bestjob in the world, honestly. where do you begin, it's enormous, the trust is so diverse, you're generating something like £600 million worth of turnover but you're a charity, you've got to reinvest, talk us through it. that's exactly right and it is the balance between being fundamentally a charity that is here to look after special places because we believe people need access to beauty and nature and we use that as our north star but we are a big business. as you say, turnover was star but we are a big business. as you say, turnover was over star but we are a big business. as you say, turnover was over at 600 million last year, 5.6 million members, that is a big responsibility but i guess i'm very lucky in that the trust is one organisation but it's made up of
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lots of individual properties, each with their own little business unit, each with their own ability to develop what they have to offer people so myjob isn't easy but i'm blessed to have staff and 70,000 volunteers that help us do the job. what is your priority, as an organisation, in terms of houses versus coastline, versus parkland, there's so many elements to this, it's not just one there's so many elements to this, it's notjust one thing. it's not in people quite often say we will focus on one or other but my view is you don't package, when you go to the landscape you don't package things up, you see it as a whole and i think that's what's unique, we see the great landscapes of britain, great britain and northern ireland as being one of our real national assets, the pride people have in our landscape is huge. and that's why our growth has been so great over the last couple of years. 696 growth year on yearfor six years the last couple of years. 696 growth year on year for six years which is no mean feat when you think what
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we've been through in the uk economy in that time. and it's not cheap for many. family membership for a year £126, £72 for an individual, if you are not a member, you are going somewhere for the day, you've got to pay a parking fee, get in, it's not a cheaper being a member of this club? i guess if you put it into the terms of what the monthly payment is £6 every month to be a member of the national trust, that's two cups of coffee and what that gives you is access to the properties that you would normally have to pay for but what people don't realise is the vast majority of what we look after it is free, the land that you walk m, it is free, the land that you walk in, you may not even know it's owned by us but in fact you said over 700 miles of coastline is owned and cared for by the national trust and it needs looked after, it doesn't just look after itself. have you got a favourite? just look after itself. have you got a favourite ? everybody just look after itself. have you got a favourite? everybody asks me that. it's like being asked which is your favourite child. every property has something quite special about it. that might be closed and it might be
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a memory, i just that might be closed and it might be a memory, ijust spoke to someone this morning who talked about, i asked that question and she gave me asked that question and she gave me a story about when she was a child she went to ml that held a special memory for her because it had a play house and she says i can still smell that playhouse and that's what the national trust does, it creates memories that people find important. i wish we had more time but we don't, there's so much more to talk about, issues of climate change, what you do to protect biodiversity, all of those issues but thank you for coming in today. thank you. online retail giant amazon has said it now has more than 200,000 robots working in its warehouses and sorting centres. but there's growing concern about the impact that has onjobs for people. our correspondent dave lee has been talking to the company's chief
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technologist for robotics. i think it's important for folks to get excited and about engineering and robotics, things that will change society in a very positive and beneficial way. is change society in a very positive and beneficialway. is amazon hoping to one day have a fully autonomous warehouse, fully staffed by robots? not at all. you think that will never happen? i don't see that with one ounce of my body. but it wouldn't your shareholders expect you to be striving for that?” wouldn't your shareholders expect you to be striving for that? i am relentlessly focused on the customer and the customer needs and we know that our customers value fast delivery times, our robotics and automation helps heal faster delivery times and the way that i think about it, your question was to be the way i think about this, is a symphony of humans and machines working together, you need both of those in the challenge we have in front of us is how do we smartly designed machines to extend human capability so you need both. so you
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heard it both, you need robots and humans. we've been asking you how much time and money you spend on gaming. eric has been in touch, gaming. eric has been in touch, gaming is life, love, i've met so many good decent people gaming, being has banned gaming is my existence, it keeps my mind active. keep your comments coming in. continue the conversation online. one other viewer says, he's just retweeted me, i'm telling you we are going to be live. we've had other tweets as well. others say that i spend a lot of my time gaming and there this issue of whether streaming to what extent that will change the face of gaming. let's speak to rebecca again. you're looking through some of the papers for us. speaking of tech, an interesting one from the twitter chief executive talking about supporting smaller business. chief executive talking about
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supporting smaller businessm chief executive talking about supporting smaller business. if we think about business in the uk and we look at shops, for example, around 96% of those are small businesses operating less than ten people, what many of them don't have as payment systems, this is about technology that will enable payments. for small independent retailers, it's so important, that they get the technology they need and yet it's not so easy for them. not so easy and fun of the things thatis not so easy and fun of the things that is established is this business call square which is looking to provide technology so not only the payments technology but information on customers which is very valuable. i suppose bringing the online experience to high street stores, that the data and its access to technology. in some respects i think it's capturing the trend of convenience, why do we shop online? it's convenient. if we go to a high street store and we can't use a card it might be perceived as inconvenient, the intelligence and convenience elements are critical. lovely to see you, welcome to the programme, to the club. we will see you again. that is all for us today.
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we will see you again tomorrow. goodbye. good morning. throughout yesterday we saw over a month ‘s worth of rain falling in the space of 2a we saw over a month ‘s worth of rain falling in the space of 26 hours. some locations probably recorded more than this but officially more than 53 millimetres in greater london, the average forjune is about 51 millimetres and there's more rain in the forecast today. tha nkfully more rain in the forecast today. thankfully not affecting the south—east of england, the rain transferring north and west. you can see on the pressure chart this weather front going through south—west england, wales, the midlands, northern parts of england through this morning. not moving very fast through the course of today comest some large rainfall totals again. over a month ‘s worth of rainfall expected in parts of
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south yorkshire and lincolnshire. south—east of england is drier than yesterday, one too heavy and thundery showers developing, some brighter skies, warm, chilly where you have the ring, 11 or 12 degrees. scotla nd you have the ring, 11 or 12 degrees. scotland and northern ireland should be largely dry, apart from some showers in the north, quite a bit of cloud. through tonight, the rain not moving very farfrom cloud. through tonight, the rain not moving very far from south—west england through wales and northern england. that continues into wednesday. overnight, temperatures getting down to around 8—12d. the weather remains very unsettled over the next few days, this is the pressure chart for wednesday. low pressure chart for wednesday. low pressure towards the south, this weather front sticking around for much of the date during wednesday. brisk north—easterly winds continuing across scotland and northern ireland. throughout wednesday, further rain at times, further rain and showers moving away into the south—east of england, spreading their way further north
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and west, maximum temperatures on wednesday about a 12—17d. the rest of the week, low pressure still in charge. we still have this weather front struggling around it. bringing more persistent rain as it moves further north, eventually going towards scotland and the east of northern ireland. during thursday is wetter in eastern and southern scotland. further showers, heavy, perhaps some thundery showers developing across england and wales. some brighter skies to the south—east, the temperatures between 14-18d. south—east, the temperatures between 14—18d. staying on the cool side. temperatures below the average for the time of year. more rain in the forecast. stay tuned. goodbye.
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you're watching bbc news at nine with me, annita mcveigh. the headlines: three of the ten candidates for the conservative leadership launch their campaigns today to replace theresa may. the charity commission will publish its report into how oxfam handled allegations of sexual misconduct by some staff in haiti. nurseries in some of england's poorest areas say they are facing closure because of a shortfall in government funding. the scenting went ten and yet costs have all increased —— the funding went down. the national living wage are minimum wages going appear early, it is getting tighter and tighter. the actressjune spencer — who plays peggy in long—running bbc radio drama the archers — talks to us about still

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