tv Business Briefing BBC News January 16, 2020 5:30am-5:45am GMT
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as pa rt of as part of this deal, china is expected to buy more goods and services from the united states, which should reduce america's trade deficit with china, something that has been a long thorn in the side of donald trump. it also allowed him to waive the economic flag and hold a this is the business briefing. big signing ceremony at a time when i'm sally bundock. his campaigning for re— election and the impeachment process is moving forward. now our efforts have ceasefire in the trade war. yielded a tra nsformative the us and china sign a phase one deal, but huge issues still remain. forward. now our efforts have yielded a transformative deal that will bring tremendous benefits to plus — app happy! both countries. we have a great mobile users spent more three and a half hours a day on their phones last year, making tech firms $300 billion. so who are the big winners relationship with the leadership of china and china fully understands that there has to be a certain from our global addiction? reciprocity, there has to be. it cannot continue like this. it would and on the markets, us shares hit be dangerous for it to continue like new highs as the trade deal it was. so what next? us trade is signed, with the dowjones closing above 29,000 for the first time. representative bob lighthouses says we start in washington, he will meet with china's vice premier inn a few days and he believes he will know by the string whether the phase i deal is working.
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yet many contentious issues between where the us and china have signed these two countries still remain. areas including technology and innovation could determine the economic and military power of these two superpowers. that has been left the first phase of a trade agreement, signalling a ceasefire for phase two negotiations and until in the trade war that has rattled the global economy. china has promised to buy an extra then donald trump's tarus remain on $200 billion a year worth of us farm produce. two—thirds of all us imports from and an extra $75 billion worth of industrial products. china. michelle fleury, bbc news —— in return, the us is halving its tariffs — or import taxes — on $120 billion worth of chinese goods. tariffs. but most tariffs let's get some reaction now will remain in place. from our asia business correspondent a tax of 25% will still be charged karishma vaswani. on chinese imports worth $250 billion a year. and president trump's biggest complaint — that china unfairly subsidises its industries — remains unresolved. 00:01:38,893 --> 2147483051:37:34,161 michelle fleury reports 2147483051:37:34,161 --> 4294966103:13:29,430 from washington. here in asia the reaction to the trade deal has been met with some relief. many asian companies may factor their products in china and they have been hit by these american tariffs, too. so this is a welcome respite from the uncertainty of the last 18—24 months, as wendy cutler,
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the former acting deputy trade representative told us. more certainty, not 100% certainty, but i think businesses now, at least, can navigate over the coming months and make some difficult choices and, perhaps, start actually putting in place some investment decisions that they have put off. but, you know, a phase i deal isn't the end of the trade for by any account. it's simplya trade for by any account. it's simply a pause. and tariffs remain on the vast majority of goods on either side. just to give you the statistics, sally, on average they are 20% higher than what they were before the trade war began. for ta riffs before the trade war began. for tariffs to come down for good another round of negotiations has to ta ke another round of negotiations has to take place and as stephen lamarr, the president of the american apparel and footwear association says, that won't be so easy. we think phase ii can't come soon
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enough. we are concerned, however, because all the signals are just that phase ii might not happen until the end of the year, if then. that means we have to experience these tariffs for the next ten, 11, 12 months, which definitely means they will result in price increases. and there are still a number of hurdles to ove rco m e there are still a number of hurdles to overcome before we even get to phase two, in the first phase of the deal that was signed overnight, china didn't have to give up subsidies or its state owned enterprises or accept any changes to its made in china 2025 programme, both key us demands. then there is the enforcement issue, do the us and china have the same understanding of that? lots of things that have still yet to be resolved. so something to watch very closely. 0k, thank you very much indeed. let's talk smartphones now, because the world's addiction to the devices is growing. and new research gives a sense of just how lucrative they have become. revenues from smartphone use,
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including spending via apps as well as advertising, soared by a fifth last year to $310 billion worldwide, according to consultants app annie. almost three—quarters of the money we spent via our phones was on gaming. other than games, tinder and netflix were the big earners. apple was a clear winner. its app store accounted for half the spending — as much as google play and other android stores put together. more than 200 billion apps were downloaded around the world last year. and on average we spent three hours a0 minutes a day looking at our phones — that's up by a third in the past two years. that generates a vast amount of data about our habits, which has become hugely marketable, as a bbc report late last year discovered. if the product is free, where is the cost? i think to most of these
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companies you, the user, i'm not the customer, the customer is normally an advertiser that takes your personal information will stop it's about you having a say and some control over how that information gets used. surveillance capitalist ta ke gets used. surveillance capitalist take your private human experience, they turn it into behavioural data, they turn it into behavioural data, they package it is predictions of what you will do now soon and later, and they sell the two business customers who have a very serious commercial interest in knowing about what you are going to do in the future. so much to discuss. we have mike weston from tech consultancy smtwjoins me now. good to see you. smartphones are here to stay. we are loving the apps and we are spending more and more time on them. totally. and there is a distinction between the immobile natives, if you like, generation z and their usage which is about 30% higher than people of my generation,
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but even so none of us is really immune from us. the days used to think of 55 plus being laggards on smartphones, that is no longer the case. it is a universal peace of mind and all of us seem to have a smartphone with us all the time i'm we go, even if it is into the toilet. whatever we are up to it is with us, whether we are using it or not. the concern highlighted there is that this device is listening. it's gathering information about us co nsta ntly a nd it's gathering information about us constantly and that is extremely marketable. completely, yes. marketing companies, marketing technology companies will talk about the idea of getting the perfect message to the right person at the perfect time in the perfect way and this is the data that fuels the ability for us to do that. and that's driving up the amount of advertising revenue we are expecting to be seen driven actually in mobile channels. but it also affects our brought up marketing preferences as well on all devices. the concern is for young users in that sense. for
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adults, gas, we are aware, we are perhaps more sadly when it comes to privacy and that kind of thing. maybe we are not, i don't know. —— savvy. the younger users, the teens, it isa savvy. the younger users, the teens, it is a huge social experiment and we don't know where it will end. it is a huge social experiment and we don't know where it will endlj think you are right. the interest is the difference in attitude to privacy for the older generation, a0 plus, this is the people who have grown up plus, this is the people who have grown up with this kind of technology being there, and they live their lives in public and they have done from the moment they were more 01’ have done from the moment they were more or less, born, to be honest. and that has created a different approach to how important privacy is for people in the emerging generations. but what this means is that regulators, lawyers, et cetera, they have got to catch up with this. it is clear this trend is not going to backwards. although we understand that the growth is slowing in more mature markets like the us and the uk, but elsewhere in the world, like
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indonesia and other places in southeast asia, it is just exploding. absolutely skyrocketing. the reason growth is slowing is once you reach a saturation point account continue to grow. what's really interesting is we are still growing at 15% in the uk, 10% in the us, 50% in south korea, so those established markets where you think how much more can it go? three hours and a0 minutes of usage per day, as you say, that figure, i can only see that going up. that is the average. eye can only see this going up. what are we not doing as a result? and where is the money? it is in apps. completely. thanks for your time. fascinating. and thank you for your comments as well. we are asking you what apps are you want, what are you up what apps are you want, what are you up to, how much time do you spend on your smart phone, confess. up to, how much time do you spend on yoursmart phone, confess. hashtag bbc the briefing.
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a ban on children heading footballs could come into force in just a few weeks in scotland because of fears of a link between the sport and dementia. the scottish fa could announce the ban on under—12s heading the ball soon, after it highlighted a report that said former players are more at risk of dying from the disease. chris mclaughlin reports. billy mcneill will be up for this. it is mcneil to goal! billy knott mcd owall it is mcneil to goal! billy knott mcdowall —— billy mcneill is going to celtic in 1969, typically with a header. clearly taken by mcneil. the clu b header. clearly taken by mcneil. the club ross mccormack captain and manager died last year after suffering from dementia. thisjust months before a study revealed former players are free and a half times more likely to die of the disease. they have been discussing
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theissue disease. they have been discussing the issue here at the national stadium for months and although there is no firm evidence linking heading a ball to dementia, the scottish fa are taking no chances and children under the age of 12 will be banned from heading in training. we need to take some sensible, pragmatic steps at the moment and that's largely to be to try to reduce the overall burden, the number of times that children had, it is more common in matches. kyle mcculloch does one to one youth coaching. he has also coached in the us. but a ban on children heading the ball has been in place since 2015. you see players like rinaldo on tv scoring wonderful goals with his head. i think that maybe the problem here, as to how we can coach them. there has been some serious situations where players have lost their lives, next legends and players have gone on to get dementia
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and things like this. so i'm glad the sfa are leading the rest of foot ball the sfa are leading the rest of football and doing something like this, because it is very, very important. this is the briefing from bbc news. the latest headlines: articles of impeachment against president trump have been submitted to the us senate where his trail will begin next week. president putin has proposed changes to the russian constitution that could enable him to prolong his grip on power. what is the global media thing about those two stories and others? we begin with the new york times and the us house of representatives, who have passed a resolution to submit articles of impeachment against us president donald trump to the senate for a trial. so what will happen next? the new
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york times ways that up. the independent are calling it "putin's greatest power play yet" after the russian president proposed sweeping changes to the constitution apparently designed to allow him to stay in power in a different role after the end of his presidency in 202a. the straits times leads with us and china signing the first phase of their long—awaited trade deal. the us is expected to keep tariffs on about us$370 billion worth of chinese goods until the deal‘s next phase. the times says television viewers in the uk will now be able to watch some of the country's most serious offenders being sentenced after the government moved to ditch the ban on cameras in the crown courts. and finally "pet sounds" is no longerjust the title of a famous beach boys album but the latest offering from online music streaming giant spotity who are now generating playlists for your dog and cat.
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—— giant spotify who are now generating playlists for your dog and cat. the new service is intended to soothe and calm lonely animals at home while also helping to alleviate stress. that's on the verge news site. i have both a cut and a dog so i will look into that in more detail. so let's begin, with me is cornelia meyer who's ceo of mrl corporation, a business consultancy. let's start with the new york times's historic analysis of this historic moment. it is historic and the analysis is obviously split right down the middle along party lines. the democrats say, you know, he has exerted undue influence over ukraine in order to get information about biden and hunter
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