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tv   The Briefing  BBC News  February 21, 2020 5:45am-6:00am GMT

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and from a huge deal to what seems like a bargain on the bbc news site — that city centre property that's sold for a pound, but is inaccessible. laughter. there's always a catch, isn't there? always a catch with every bargain. with me is david buik, market commentator with core spreads. good to see you, david. and you. we will come to that flat ina you. we will come to that flat in a moment. let's start on the horrific events that took place in germany and the paper there, as you know, starkly asking when well right—wing extremism be taken seriously? you've really got to cast your mind back, the factions at the moment it is right—wing, in the ‘705 moment it is right—wing, in the ‘70s and 80s it was but a mind of going to cause chaos all over europe. and it really requires serious input from the german government. i think this was triggered in 2015 which is
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where we argued with the european union, the uk, when angela merkel decided she would allow 1.5 million immigrants coming to germany, because the motor industry is usually relied on it and it was a massive turnoff for them. the problem is, when you let people come in, relatively indiscriminately, and a lot of them in certain factions which are away from, let's just say, german society, the extremism is rear their ugly heads. we don't know whether he was acting in isolation, whether he was a mental health patient, whether he is part of a larger organisation. but people seem very keen to pin this on the afd, which is a sort of right—wing faction in germany. and i'd just think that the german government, which is in a state of disrepair at the moment, it hasn't really got a working majority, someone has got to put their footprint on this and say it has to stop.
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and the only way of stopping it is to make sure that people involved in its are not subjected to anyone else, but severe criticism and action against anything they might do. is just horrible. the government cannot abrogate their responsibilities. we turn oui’ their responsibilities. we turn our attention to city am. we have covered coronavirus pretty much every day in the papers. it highlights the reach and impact of it. another potential cost to airlines as a result of people not wanting to travel, particularly in asia. i am sure there was a very good article on the front page of city am suggesting well traffic and good morning — welcome ellyse was down about four to breakfast withjon kay which translated into money was and rachel burden. 0ur headlines today: "you ripped a hole in my heart" — the mother of the murdered british about $30 billion. you can see backpacker grace millane sends where it is. they tend to point a heartrending message to the killer as he's jailed for life to our france down someone 6%. in new zealand.
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air france has been under the cost a nyway. air france has been under the cost anyway. financially so, it is going to feel the draft i want you to know i don't anyway. where i is worth think of you, because if i did, that means i care about looking at is the overall figures of where the travel is. you and i simply don't. vigils are held across germany for the victims of wednesday's shootings and the fact that, as they by a far right extremist understand it, travel into there's been another delay china and out of china, in getting british passengers home particularly, using hong kong asa particularly, using hong kong as a base, is down by 90%, and thatis as a base, is down by 90%, and that is very, very significant, because that tells me, which we discussed earlier in the programme, that goods and chattels are not coming out of china or going into china which could indicate that there could bea could indicate that there could be a blockage to world trade. you mentioned a 1% drop in gdp in china. 0ther you mentioned a 1% drop in gdp in china. other people have mentioned, globally, something like 0.5—0 point —— 0.3—0 .5%. it doesn't augur very well. the airline's angle is quite interesting. we often hearing about the need for the benefit
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of the environment and climate change to use our travel less. and yet when something like this happens and we see how difficult it is and how relied we are on it. hugely. it is all very well saying it is bad, it is bad. but unless we find another way of doing trade i'm afraid it's here to stay. what afraid it's here to stay. what a thinker, the other thing i don't think has been flagged up is that we don't want to get into a degree of hysteria. in this country, sadly, old people like me, 8000 of others die every year from like me, 8000 of others die every yearfrom ordinary like me, 8000 of others die every year from ordinary flu. we had and 75,000 people infected by it, but we're not to cascade over. i'm not saying that this couldn't travel like wildfire, it could. but let's not get into a state of hysteria whereby everybody just climbs up on the welcome to a grinding halt. yes. part of the problems finding a way to treat it. on that note, can move on
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to the conversation website, perhaps i could help in the search for some sort of remedy 01’ search for some sort of remedy or way of combating coronavirus in the same way that artificial intelligence has discovered a new antibiotic. this is beyond me. way beyond me. ithink new antibiotic. this is beyond me. way beyond me. i think it's fantastic. i'm in, basically, we look for antibiotics from plants, animals, and that's how the drug industry works —— i mean. artificial intelligence, extraordinary, like the shape of my horrible nose, artificial intelligence can actually work out how to treat it. and a p pa re ntly out how to treat it. and apparently tuberculosis is now being treated by these drugs that emanate from that. i think this is the way forward, obviously. but it is going to ta ke obviously. but it is going to take probably years and years and years. i think the fact that people have managed to focus on it is amazing. and much—needed. we are often hearing that current antibiotics, at some point, will become less and less effective. if you are somebody who suffers from chest infections and you get
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antibiotics for years and years and years, then, of course, your lungs become scarred and there becomes a point when you are old when they don't work anymore for you. and the fact that something like this can come out, terrific. front pages, financial times. morgan sta nley pages, financial times. morgan stanley buying etrade, what you make of it? when you look at the performance of goldman sachs and morgan stanley, jp morgan has managed to combine both brilliantly, the fees they are getting from corporate finance and from investment banking and from trading are somewhat down because of regulation, it means their degrees of profitability are limited and they have to offer shareholder value and growth to their shareholders. don't worry, i'm not going to get my handkerchief out and out my eyes for them, but what i'm saying is we have seen goldman sachs go into it by having a deposit from people like you andi deposit from people like you and i on the streets. when
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interest rates are very low like they are now, the actual value is very limited. but this, it is a lot smaller than the tdm trade, the charles schwab motor last year, but an acquisition by morgan stanley to try to corner, through this company, etrade, what you call the millennials' wealth, where eve ryo ne the millennials' wealth, where everyone is online, trading, stop online and the rest of it, it isa stop online and the rest of it, it is a sensible thing to do. you will get access to tomorrow's big business people. you can combine the corporate and wholesale business of trading which these people have been kings of the 25 years, with realistic stuff that you andi with realistic stuff that you and i might, well, not me, i'm positive, but you might come forward... does it warrier, the growth of electronic trading, the impact on your work? —— worry you? you have ceased...
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is online, banking is online, thatis is online, banking is online, that is another thing that i've profoundly disapproval, but there you are, the manager —— there you are, the manager —— the relationship between the bank manager customer is non—existent. it doesn't matter whether they like it, that's it. when you are trading you are always looking for a bargain. look no further than cambridgeshire, a property bought for £1. this isn't actually a very attractive photograph. but anybody who has been to west beach... it is the one in the middle, the window, no way to get to it, it has the most beautiful georgian houses going up and down the river. this is down an alleyway. 0ne day this pound, making the estate agent taking the sign for a estate agent taking the sign fora minimum 100 estate agent taking the sign for a minimum 100 quid was inspired. you should be able to inspired. you should be able to inspire him to pay a commercial rate for this 12 x 12 piece of...i
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rate for this 12 x 12 piece of... i wonder, looking rate for this 12 x 12 piece of... iwonder, looking at rate for this 12 x 12 piece of... i wonder, looking at the structure, what is the catch? when you buy a property you ta ke when you buy a property you take on the obligations. if that turns out to be listed or protected any person has to maintain the upkeep and insausti fell down that gap, they will regret ever putting their hand up at the auction. they will regret ever putting their hand up at the auctionlj wonder their hand up at the auction.” wonder if they would be allowed to put a spiral staircase up. that would look nice. my am sure there are rules about that. it is nice to talk to you. ——i that. it is nice to talk to you. —— i am sure. david buik going through the papers. you can see the papers online and read more about that i'd bbc online or on the news up. any more to come throughout the day. eye will see you soon. “— throughout the day. eye will see you soon. —— plenty more to come. hello there. the weather is staying unsettled to end the week
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and indeed into the weekend we have got more rain at times, also some strong winds, thanks to an active jetstream bringing areas of low pressure in. for friday, it's going to be a very windy day, and most of the rain would be across western hills, across the northern half of the country. here it is on the pressure charts. you can see lots of isobars across the country, so it will be windy and these weather fronts bringing outbreaks of rain to parts of northern ireland, particularly western northern ireland, into western scotland, north—west england and, at times, into northern and western wales. further south and east, it should be drier and brighter but a very blustery day for all. those winds gusting 30—110 miles an hourfor many. parts of south—east scotland, east of the pennines, could see gusts around 60 miles a hour so these, in their own right, could cause some transport issues. temperature wise, though, milder than what it was on thursday. temperatures 10—12 degrees. now, as we head through friday night, it stays wet across western hills in the north, but it looks like some of that rain will start to push a little bit further southwards, so affecting parts of south—west england and in towards wales. of course, anymore rainfall here is extremely unwelcome. lots of showers piling into scotland. temperatures falling here so they'll be wintry on the hills. but it will be milder across the south. that weather front pushes its
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way southwards and eastwards into saturday, bringing an unwelcome band of rain there, but further north, it stays very windy indeed. a real squeeze in the isobars there and there will be lots of showers. these piling into much of scotland, some heavy with hail, thunder, and also settling snow on the hills and maybe some blizzard conditions as well with the strength of the winds. further south, rather cloudy, outbreaks of rain, mainly towards the west but it will be another mild day in the south — 11—14 degrees, but colder further north. and then as we move through saturday night, this next feature runs into england and wales which could bring a spell of unwelcome rain once again. further north, it will be quite windy with further showers but at least the good news is, through sunday, that rain should clear away quite quickly and then skies brighten up quite nicely, with plenty of sunshine around, so a welcome day of drier and brighter weather but it will feel a bit colder. that settled spell of weather, thanks to this ridge of high pressure, will be short—lived because, across the atlantic, we will see the next very deep area of low pressure moving in on monday. pushing towards the north of the uk to bring a spell of severe gales and further rain at times. so with more rain in the forecast for the next few days, flooding could be a further issue so just head
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on line to the bbc weather website to check out 00:12:03,063 --> 4294966103:13:29,430 the weather and flood warnings.
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