tv BBC Business Live BBC News October 3, 2019 8:30am-9:01am BST
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hello. this is business live from bbc news with ben bland and victoria fritz. boris johnson bbc news with ben bland and victoria fritz. borisjohnson has pitched a new blueprint for brexit but there arejust new blueprint for brexit but there are just two weeks before the crucial summit bill, so will it be enough to win over the eu? live from london, that is our top story on thursday the 3rd of october. brussels has reacted with dismay to the plans negotiated say they have already identified serious problems with boris johnson's already identified serious problems with borisjohnson‘s brexit plan. also trading blows. the us is to tax billions of dollars of european
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imports from single malts whiskey to oui’ imports from single malts whiskey to our lives, as it wings a decade—long dispute over state aid to adults. and a sell—off on the american and european stocks carried over to the asia—pacific session amid fears of the state of the global economy. this is the state of play in the first 31 minutes of trade here in europe. and we will be getting the inside track on the growing trend for street food. street vendors and food trucks are becoming one of the trendiest way is to eat out. we will find out how you make it work in a city like london. and talking of eating, solo dining has become the new normal thanks to a rise in the number of single person households and hectic family schedules. americans eat nearly half of all their meals alone. we want to know if solo dining has lost its stigma. tell us about your experiences using oui’ tell us about your experiences using our hashtag.
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hello and a very warm welcome to this penultimate business live. britten‘s prime minister boris johnson is preparing for ten days of what he called intensive discussions as he seeks backing from eu leaders for his brexit blueprint. mrjohnson said he wants to get an agreement in place for this eu summit which is happening on the 17th of october, paving the way for britain to leave with a deal at the end of the month. here is our political correspondent, jessica parker. borisjohnson has always been something of a performer. now he's got to sell his plans to a variety of very different audiences. here is one of them, conservative mps filing into downing street last night. reporter: are you happy with the proposal? i have not seen them, have i? under discussion in there, how to ensure there are no checks on the border between northern ireland and the republic after brexit.
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so what is proposed is that: northern ireland would follow eu single market rules on goods but it would leave the eu customs union with the rest of the uk, with the necessary paperwork done electronically and checks done at business premises. and the northern ireland assembly, which isn't currently sitting, would have to approve the arrangements initially and then every four years after that. the labour leader, jeremy corbyn, says the deal is worse than the last one. but it's what brussels says over the next few days that could prove crucial as to whether these plans have any chance of succeeding. jessica parker, bbc news. with us now is chris southworth, secretary—general at the international chambers of commerce. these new proposals from the business world perspective, how attractive is this new deal? it looks like a carveout of northern ireland from the rest of uk with two sets of regulatory regimes, two different customs union rules, a
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board in the irish sea. i think for business, anything other than no—deal is always better, so that is worth noting, that it adds to the uncertainty. year cycles the northern ireland assembly would make a decision whether to carry on with the same regime. from foreign investors point view that continues the uncertainty which would otherwise go away and that is important to note. in terms of where we are now with less than a month to go before the scheduled exit date of britain from the eu, the 31st of october, what sense are you getting from your members of what businesses are doing, big and small, to prepare? and what are they preparing for? i think what we're seeing now is the direct impact of the last three and a half years. we have been talking about impacts for a long time. 70% of companies are still unprepared, mostly small companies, which has consistently been the case. what we are seeing now 47% of
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businesses experiencing negative impact from the brexit process, lost contracts, lost confidence from investors, which is huge. if that is mirrored across the economy, it will have a huge impact on economic output. how damaging do you think it would be for businesses and investment, for example, if we get to the eu summit on the 17th of october, the british government put these proposals formally, and they can't get them agreed with the eu? what effect would that have practically? these things do tend to go to the wire. anything with the eu tend to go to the wire, and we should bear that in mind. brexit is only the beginning. that is worth noting that there seems to be an implication that if this deal is not agreed with the eu, we therefore crash out, but actually legally we are not allowed to crash out there thatis are not allowed to crash out there that is not clear at all as to what happens next is the eu rejects the
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current deal on the table. and the point we should make as this is all still talk about the interim trade deal and we have not gone on to talk about the longer term arrangements we re about the longer term arrangements were post—brexit but we will leave it there for the moment. thank you, chris southworth. let's turn our attention to some other stories making use at the moment. boeing will attend a service within the next three months. the plane has undergone 700 test flights with updated software and boeing is training crews on how to operate it. he has agreed to testify before congress on the 30th of this month on the fatal crashes of those two 737 max aircraft that killed a total of 346 people in indonesia and ethiopia. shares in tesla slumped more than 6% after the electric car maker disappointed wall street with its latest sales figures. tesla
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delivered a record 97,000 cars in the three months to september. that was less than analysts were expecting. luxury car makers including audi and jaguar are launching their own electric models, ramping up the competition for tesla. the latest competition regulator has proposed a fine of around $21 million on the firm grabbed for violating competition laws by imposing restrictive clauses on its drivers. it says that the singapore —based firm abused its dominant position in the local market by preventing drivers from promoting and providing advertising services for its competitors. trade tensions are likely to be a hot topic at the world economic forum in delhi which is getting started. business leaders and policymakers are gathering in the indian capital for a two day summit, and among them is the us, secretary, and his boss, president trump, has been very vocal
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and a real critic of india for levying what he says are tremendously high duties on us products. our reporter is in delhi for us. these countries have been locked in trade disputes for months. what hopes are that of a breakthrough really? there are very high hopes that there will be one. in the last hour, secretary wilbur ross has told the reuters news agency that he doesn't believe that india is eligible for any special privileges as far as trade goes. the two sides are trying to negotiate a trade deal because earlier this year the united states removed india and a host of products that go from india into the us worth billions of dollars from a system of preferential treatment. that meant those products didn't have to pay
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customs duties and in return, new delhi imposed tariffs on american products coming into india, and that has really been a bone of contention between the two countries and one of the reasons why they have been trying to negotiate a trade deal so hard. with the commerce secretary saying that india should not be getting any preferential treatment, it is hard to see how that will happen before he leaves india. thank you very much for your time. a full explanation there. let's check in with the markets and they sell off that we saw across the united states has very much carried over into the asian pacific region, with the nikkei down 2%, all about renewed fears in the state of the global economy. let's see what is happening in europe. not quite the heavy falls that we saw yesterday but still down. if you shares on the move here in the downward slide. ted baker is struggling after investing with shares down nearly 30%, 29.5%,
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warning of a possible slowdown. they had management issues at the top and the founder has resigned. they are really struggling with the rise of online shopping. airbus is up by more than 3%. the bank morgan sta nley says more than 3%. the bank morgan stanley says that the tariffs that donald trump has imposed in the last 12 hours represent the least bad outcome for the airline maker. and the tariffs were actually fairly restrained. they could have been as bad as 100%, say morgan stanley. the world trade organisation has ruled that the us is entitled to tax imports from the european union worth billions of dollars, all in retaliation for state support the eu illegally gave to abbas. it is the latest chapter in a 15 year battle between these two sides. —— airbus and boeing. after 15 years of wrangling, the wto has handed out
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the largest arbitration award in its history. it allowed the us to apply ta riffs history. it allowed the us to apply tariffs to european exports in retaliation for illegal eu subsidies paid to airbus. donald trump was quick to claim it as a big win for the us. they think i don't quick to claim it as a big win for the us. they thinki don't like quick to claim it as a big win for the us. they think i don't like the wto and they want to make sure i am happy because all of those countries we re happy because all of those countries were ripping off the united states for many years. they know that i am wise to it. we have had a lot of wins. this was a $7 billion win. not bad. the tariffs will mostly affect goods from france, germany, the uk and spain with 25% tariffs on goods ranging from wine, olives and cheddar cheese to knitted sweaters and whiskey. washington will also apply 10% tariffs to washington agra. delta air lines says that move will inflict serious harm on us companies which have already committed to buying airbus planes, which will hurt american workers and passengers while reducing delta's profits. airbus has said the move
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will lead to a lose lose trade war and has posted a video showing the 4000 workers in the us. another worry for the global economy already dealing with fallout from the us— china trade war. that is in use in new york and london. with us is jane foley, a senior strategist. quite dramatic falls we have seen the last 24 hours from stock markets all around. and in the ftse 100 24 hours from stock markets all around. and in the ftse100 it 24 hours from stock markets all around. and in the ftse 100 it was the biggest daily fall since january 2016, to put that into perspective, january 2016 was before the break that referendum in june january 2016 was before the break that referendum injune of that year. a very significant fall. i have got to say that although the stock markets have been falling significantly in the last couple of days, they are still quite close to a record high, so falling from quite elevated levels. some interesting batches of data out this week. in the uk, the construction figures, the uk, the construction figures, the pmis, the survey of purchasing managers and that gauge of activity, a downturn and we are expecting the dominant service that the uk figures
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out and we got that us jobs data out on friday as well. that is really quite important. going back to the uk we have found weakness in the construction and manufacturing sectors, and that was very much evident in the official growth data that we had for the second quarter, which of course was negative on a quarterly basis in the uk. the services sector has been more robust partly because the labour market has meant that lots of people are in employment and that has meant that retail is strong. but there are signs of weaknesses in that as well. asign of signs of weaknesses in that as well. a sign of things just coming down. the services sector pmi, a forward—looking indicatorfor the services sector pmi, a forward—looking indicator for uk, will be interesting, and the us labour data very interesting because we have seen some nasty data from the us earlier this week. all to play for. and all forward looking. this whole idea of future casting and trying to work out what on earth is going on, we are trying to do it
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along with the market leaders as well. thank you and we will see you ina well. thank you and we will see you in a second to go through the papers. that is coming up and also this, looking at growing trend for street food. food trucks and street vendors are becoming one of the trendiest way is to eat out. find out how to make it work in a city like london. you are with business live from bbc news. following the collapse of the travel firm thomas cook, 9000 staff in the uk have been left withoutjobs. today manchester airport is hosting a jobs today manchester airport is hosting ajobs fair today manchester airport is hosting a jobs fairforformer today manchester airport is hosting a jobs fair for former thomas cook employees looking for work. hundreds of vacancies at rival companies like british airways, booking duck, and tui are on offer. then is there now. welcome to manchester airport. 900
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staff are expected to pass through here today, the first of several careers here today, the first of several careers fair that they are holding here to try and match up employers with a staff who lost theirjobs at thomas cook when it collapsed last week. the big numbers involved. about 9000 staff in the uk, and 3000 based in and around the north west. the fair is getting well under way and what they are doing is trying to find other travel firms, hotel businesses, airport groups, that need staff. frankly with thomas cook, the flights were full and there were passengers on those planes, so it was not an issue of demand but about how the business was run. while they have their briefing about what they might expect, let me introduce you to another people from manchester airport. it is worth remembering that the collapse of thomas cook has an effect on passengers and staff at the airport itself. adam is with me from manchester airport. nice to see you. give me a sense of the significance of thomas cook because it was a big employer and a big part of your business. thomas cook was our fourth of your business. thomas cook was
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ourfourth biggest airline of your business. thomas cook was our fourth biggest airline and you can see that from a number of repatriation flights. we have had to welcome back tens of thousands of people into the uk and you can see that by the thousands of people that will come here to date and we support them. thomas cook became the fourth biggest airline because of the demand to travel around the world and that demand has not disappeared. people are coming forward to take on those services and keep people flying to those places. and the idea is that other airlines will take the slots because they have got the skills that the industry needs. the demand is still therefore flying to their destinations and that has not evaporated. we are confident that the airlines will take that on. it is nearly two years to day that monarch collapsed and within a year we had felt every single seat and we are confident that will happen again, and as people take on the routes that creates the employment need and hopefully the jobs will be billed as well. good to talk to you. good luck to everybody today looking forjobs. the first of many fares
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that are planned. —— fairs. this is business live. our top story: boris johnson has pitched his new blueprint for brexit but with just two weeks before the crucial summit, is it enough to win over the eu? it is it enough to win over the eu? it isa is it enough to win over the eu? it is a big question. let's have a look at how the markets are faring. a torrid day previously, that european markets not doing quite so badly. the dax and in frankfurt, down, and the ftse down somewhat, but nowhere near as much as the more than 3% that it fell in the previous session and that is the pound against the dollar at the moment. it is usually freshly prepared, filling, and often a big hit with millenials. what are we talking about? street food. it started in asia and now the rest of the world is getting a taste for it as well. in the uk alone this market
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is worth something in the region of $1.5 billion. one organisation is at the forefront of this industry in the forefront of this industry in the country and it is called mercato metropolitano, i think! the country and it is called mercato metropolitano, ithink! beautifully pronounced! we met the founder to ask what made them start the business. basically the concept of food itself. we have always been in love with food and being italian also helped a lot. we have been dealing with food since we were kids andi dealing with food since we were kids and i have grown up in my mother and my grandmother's kitchen. why did you come to the uk? basically because london is my second city. i have been coming here since i was 15 andi have been coming here since i was 15 and i am in love with london. we decided it was time to start the revolution. we are talking about the movement in london. i opened the
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first one in milan for six months as a test and then i said the real city where i have got to start from us to be london. i am interested that you describe it as a movement. you are a company describe it as a movement. you are a com pa ny after describe it as a movement. you are a company after all, surely? we believe insincere and profitable business —— sincere and profitable business, and then we use the money we make for good for the community around us. we curated every single aspect of it. we incubate the vendor is and we follow them until they can become real benders and they can have their own business. it is a movement because we start from the kids. we are educating more than 1000 kids in the local schools about the importance of food and nutritious food. that is why ours is a movement. how does the business work? super easy. it is very easy. you just look for talent. you
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interview them. they go through a process which is very straightforward. an inbound system. community questions, sustainable questionnaires, ingredients, operations. and then once they start, there will be a team that follows them on the first month or two months to have them adapt to the new environment. and then we just ta ke new environment. and then we just take a percentage. we do not apply effects went. we apply a percentage to their sales. if they do well, we do well and if not, we don't do well. we grow together which is why it isa well. we grow together which is why it is a movement. but it is notjust food here. there is also a lot of beer. of course! beer is food. let's go and have a look. these are our fermentation tanks for the production of the beer. what we do here is produce everything from scratch in our location. beer was one of ourfirst scratch in our location. beer was
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one of our first experiments. we started with a good system of purification of water, which is actually very complex, to get the best possible pure water, to then add vitamins and then create a wonderful and pasteurised, fresh, unfiltered beer. it is not cheap here, is it? i must argue that this is farfrom being here, is it? i must argue that this is far from being true because we offer an amazing pizza, for instance, which is made with real flower, mozzarella, tomatoes, and the dough is raised for 36 hours, which means you will not digest it in your stomach, it has already been digested, so super healthy, for six or £7. but food is sometimes not particularly cheap. does that not make you run the risk of excluding certain parts of the community who cannot afford the price here? we do not yet have an answer to this. what we are trying to do is make food accessible to everybody. what we are offering here is a place which is
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inclusive. we offer our kitchen to the locals to come and cook, to the refugees to come and give classes. you need to include the people who normally do not have space to run their businesses or just normally do not have space to run their businesses orjust to experience a more cohesive society. this is a big piazza at the end of the day. you have plans for expansion as well, don't you? probably in other cities in the uk and then there are other locations we are discussing. in paris, frankfurt, lisbon, milan. wejust came back from the usa where two investors offered us a beautiful location in new york and in beirut for instance and in tokyo. let's have a look at some of the other stories around and this story tickled my fancy if i am allowed to say that at this time in the morning in the uk! this is from the wall
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streetjournal and in the uk! this is from the wall street journal and it in the uk! this is from the wall streetjournal and it is all about the pleasures of eating alone. they are saying that solo dining has become the new normal because people are either living alone or they are so pressured in their home life and the hectic scheduling that they are not able to eat with their families. we were asking people, you at home, whether you thought the stigma of eating alone had disappeared over time. jane is with us as well. what is your take on it? if you are travelling for work for example do you find there is an awkwardness going into a restaurant and asking for a table for one? less than they used to be and it depends where you go. when i used to go to the midlands and i sat in a hotel and people saw me sitting alone, i got funny looks, but in london, new york and amsterdam nobody cares. but i think generally speaking the stigma has gone down. this story made me
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laugh so much. thank you john for sending this in. he said once i went to dinner in saigon and i was refused a table because i was on my own. after a small weight, the maitre d pared me off with a vietnamese businesswoman in a similar situation. as we were having difficulty communicating, we've joined by a couple of vietnamese and american girls. the lively table and sued, much more so when a couple of american lads decided to move in because they thought i needed assistance with the male— female balance. so much for dining alone! what a cracking night! glad it all worked out. some other tweets. tom reynolds got in touch to say that solo dining means i don't have to feel guilty when i read at the table, habit my mother tried to break me out of 60 years ago with limited success. and we also had an interesting one about recipes. if you are cooking just for yourself,
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how many recipes are scaled down for just one person? that is when important and part of the story goes into the business side of this. particularly for companies that make food, frozen food companies, they have really tried to invest in this industry. for instance they are making portions in frozen foods that are more like the bowl of food you would get in a restaurant, and they are making the food inside that bowl to be just are making the food inside that bowl to bejust for one are making the food inside that bowl to be just for one fork only. if you have a knife, you are more likely to sit at a table but with bite—size, forked sized portions, you can be reading a book, using your smartphone which a lot of solo eaters do. temptation is to sit down with your phone, head and i have been abroad when there was no wi—fi with ridiculous roaming charges and i decided not to use my phone, and i struck that conversation with the next table and i got tips of where to go and where to eat and it was brilliant, like the days before wi—fi. great to see you, jane foley.
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that is fed from possible today. that is fed from possible today. that is fed from possible today. that is it from me on business live. there is plenty more business news throughout the rest of the day and on world business report. goodbye. it has been a chilly start to the day and we have had patchy frost in rural areas of oxfordshire, northern england and across scotland with sunshine this morning. if we look towards the atlantic, the satellite imagery, you can see storm lorenzo which as been moving to the north over the last few days. a deep area of low pressure. ex hurricane lorenzo. it will move further north and eastwards, but look at the isobars, quite close together so windy conditions to come. many areas having some sunshine after the chilly start but the cloud increases across many areas. it is just the far north and east that holds onto
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the sunshine into the afternoon with a few showers in north—eastern scotland. elsewhere the cloud increases with the rain moving into northern ireland, wales and the south—west of england by the winds also pick up. we are looking at gales around the irish sea coast, perhaps up to 60 mph in sun exposed spots, which could cause some disruption. maximum temperature is getting up to 15 or 16. storm lorenzo weakened considerably as it moved south eastwards into friday. a period of rain for wales and the south—west alone with some strong winds in the south—west. elsewhere after the rain clears, it will be a fine day on friday with sunny spells and with that it will not feel quite as chilly as recently. in the south—west there will be some gales touching 60 mph along the coast of south—west wales and the south—west of england. temperatures will be up a little bit at about 14 to 17
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celsius. how about the weekend? it will be milder and we will keep temperatures up into the mid teens with further rain at times pushing its way in from the atlantic. quite active at the moment with a low pressure system developing behind me. that will bring in some rain. during saturday, this weather system will push through and bring some outbreaks of rain. it gradually extends away towards the east so we will see something drier later in the day on sunday but for many of us there will be rain at times over the weekend and it could be breezy as well with temperatures of 13 to 16 celsius. that is from me. have a good day. goodbye.
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you're watching bbc news at nine with me, annita mcveigh. the headlines: mps will get their chance to examine borisjohnson's new brexit proposals this morning when the prime minister sets out his plans to the house of commons. but in brussels, eu officials have already described the new propsals as "problematic". president trump lashes out at the move for impeachment — accusing the leading democrat, who chairs the house intelligence committee, of being a "low life" who's committed treason. i don't know if it's possible, but cani i don't know if it's possible, but can i get a i don't know if it's possible, but can i geta hug, i don't know if it's possible, but can i get a hug, please? also coming up: emotional scenes in court as a former american police officer is sentenced to 10 years for murder, then forgiven by the victim's brother.
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