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tv   BBC World News  BBC News  October 7, 2020 5:00am-6:01am BST

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this is bbc news. i'm sally bundock with the latest headlines for viewers in the uk and around the world. white house adviser stephen miller becomes doubts over the recovery, president trump scholz talks over a new stimulus package, despite warnings from the fed chairman and market slide. employment rates i modified many take to selling stock online to make a living. also we have the vice presidential debate to come. we look at the two contenders. the prime minister of kyrgyzstan resigns after protesters take control of key buildings in protest at sunday's controversial election result. jump by van halen plays.
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and eddie van halen, one of rock's greatest guitarists, dies of cancer. long—time friend and fellow music legend gene simmons pays his own tribute. you grab the nearest generation x or z, or whatever the hell they're calling themselves, or a millennal, grab them by the ear and take them away from the stuff that is being played and let them hear van halen so they understand what greatness is. i will welcome to the programme. —— a warm welcome to the programme. covid—i9 is spreading further among those close to president trump, with white house advisor stephen miller and a senior
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military official infected. mr miller, who has been self—isolating for the past five days, confirmed he had contracted coronavirus on tuesday. top us general mark milley and other military leaders are also quarantining after coast guard official admiral charles ray tested positive. other officials are self—isolating "out of an abundance of caution". our north america correspondent peter bowesjoins me now. the numbers are climbing, aren't they, in terms of those who have coronavirus, who have been to the white house or are currently in the white house? yes, by all accounts the corridors on the west wing in the white house are very quiet at the moment because many people there are simply in isolation, soft quarantining, because they have either come into co nta ct because they have either come into contact with others who have contracted the virus or have contracted the virus or have tested positive themselves. with this latest news that another one of president trump of my closest
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advisers, his scriptwriter, has also tested positive, it deepens the crisis and the problem swelling around the white house because the president himself still recovering after spending three nights in hospital, his doctors saying he is not out of the woods yet and in fact saying he probably won't be until next monday or tuesday when they have a clearer picture as to the president's health and as you mention senior officials now in the pentagon are also going into isolation after a coastguard official tested positive for the virus. how will this impact the presidential debates? there is a huge question mark over whether the next presidential debate on thursday, the second of three, will go ahead. president trump says it is his intention he will debatejoe biden again but clearly, he has not been given a clean bill of health yet. joe biden however is casting doubt over whether it could go ahead at all. this
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is what the former vice president had to say. we don't know what his status is. i we don't know what his status is. lam we don't know what his status is. i am looking forward to being able to debate him but i just hope all the protocols and what is necessary at the time is put in place. i think if he still has covid, we should not have a debate. they're going to have a debate. they're going to have to follow very strict guidelines. too many people have been in for. and it is —— have been in for. and it is —— have been in for. and it is —— have been infected and it is a very serious problems so i will be guided by the guidelines of the cleveland clinic and what the cleveland clinic and what the docs say right thing to do. if and when he shows up for the debate. also, peter, president trump has said he has called off negotiations between the republicans and democrats about new stimulus measures to try and help the us economy, at least until after the election. why do you think he has done now? you know, it has taken a lot of people by surprise. it almost seems like political suicide, to make a decision
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like that, to tell the millions of americans suffering, many of those out of work, many involved in businesses that i just managing to cling on and hoping there will be a new stimulus bill to convey that news less than a month before the election, is a curious decision, colin powell the fed chairman has said —— jerome powell has said this could end ina tragic powell has said this could end in a tragic situation if there is not a stimulus bill agreement. a lot of people on both sides of the aisle have been saying that this news is very urgent, urgently needed in the next few days, never mind the next few days, never mind the next few weeks because in delaying it now it means a —— there probably won't be something like money in the pockets of americans until next year. one theory is having talked to republicans, especially in the senate, that president trump's emphasis now, in the limited number of days between now and the election, his focus is on getting a
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confirmation for his nominee for the supreme court as opposed to tying up time in congress with this stimulus bill. all right, for now, peter bowes there with the latest. let's talk more about the medical side to all this and speak to dr mark siedner, an infectious diseases specialist and clinical epidemiologist. he is an associate professor of medicine at harvard medical school. thank you so much for being on the programme. you have done a study recently on mandated social distancing, how effective that is in containing the spread of coronavirus. give us the spread of coronavirus. give us your take on what is going on right now within the white house and also in the pentagon with regards to the spread. yeah, certainly. so we previously showed that these policies, at least in the us, have a pretty strong effect in both reducing cases and reducing deaths due to covid—i9. he had actually hoped
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that the education that went along with these policies, along with these policies, along with these policies, along with personal and familial and community experience with the epidemic, would result in some of these sustained health behaviours, that these policies may be were not necessary long—term because they are so restrictive but u nfortu nately they are so restrictive but unfortunately our data showed otherwise and as soon as these policies were removed and the united states, we found an almost immediate reversal in the trends over from the time of relaxation to these measures about 90% of states had reduced transmission to less than one case per person and then three weeks later it had flipped on its head so now about 90% of states actually are increasing in the epipen —— epidemic size. how pertains to the white house specifically is important in many ways, firstly the white house is turning out to be a microcosm of the united states and clearly, an experiment happened, one we never would have planned, a group of people disregarded what are some really basic public health measures, mask wearing, physical distancing, staying indoors, having tighter interactions sought resulted in
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unsurprisingly is a relatively large outbreak among a high risk group of people, exactly the kind of thing that we as public health experts are trying to prevent. when you say these policies, you have mentioned mask wearing and social distancing, was a split like more specifically what do you mean because there is a debate about two metres or one or whether you should wear a mask all of the time inside the workplace or whether it is just when you are out and about. there is a lot of debate about these issues. so our work actually focuses on governmental policies and we looked at a whole grab bag of issues, closing of schools and workplaces, limiting the number of people allowed indoors, limiting interstate or intrastate travel, across the board, these policies when interact at a state might level had a pretty profound effect on the epidemic and not only that when they were removed the opposite thing occurred. where i think we are as clear, it will take a combination of measures and there is no—one
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simple measure, mask wearing health and physical distancing helps. on top of that, we need to make sure we have policies in place that are responding to local outbreaks. that requires a whole another layer of federal support. requires testing as many people as needed and contact tracing so we can find when these outbreaks occur and respond to them appropriately and make sure that the policies are responsive to epidemic as it stands so when we ask about the number of metres and whether or not people to be wearing masks, the answer is yes to all of these things and responding specifically to the outbreak of the changes over time. specifically to the outbreak of the changes over timelj specifically to the outbreak of the changes over time. i would love to talk to you further but iam love to talk to you further but i am told we have run out of time. thank you for spending your time and sharing your expertise with us. later in the business coverage later, about 20 minutes, we will discuss further the cancellation of talks about stimulus measures for the us economy and whatjerome powell chief of the federal reserve had to say and also the market
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reactions are all of that is coming in our business coverage. wednesday evening will see another major moment in the presidential election campaign. with less than a month until votes are counted, the vice presidential candidates will meet in utah to debate for the first and only time. organisers are expecting more than 100 million people to tune in to what's likely to be the most important vice presidential debate in american political history. our west coast correspondent sophie long reports from salt lake city. judge cavanagh, i am concerned whether you would treat every american equally. she is a senator from california american equally. she is a senatorfrom california known for her incisive questioning of president trump's nominees for the supreme court. i know full well the importance of presidential leadership. he has been president trump's right—hand man for the past four years. tonight, they will ta ke to four years. tonight, they will take to a specially adapted stage for a debate that will be watched by tens of millions of voters. vp debates are not
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normally the headline act of a presidential election campaign but this one is anything but normal. given the age of their bosses and the fact that president trump's recent hospitalisation with coronavirus means we don't yet know if the remaining two presidential debates will even ta ke presidential debates will even take place, deny‘s meeting between kamala harris and mike pence will be the most important of a kind in history —— tonight's. important of a kind in history -- tonight's. if they take over under the death of the resignation of the president of the united states and one candidate is fairly old and one is sick right now and everyone is sick right now and everyone is talking about that and there is talking about that and there is no way you cannot talk about that issue because there is at least some track where one of these two candidates could end up these two candidates could end up being president of the united states. we are an independent collection of latter—day saint women from across the political spectrum. we speak for ourselves. in this deeply religious state, president trump's first term and his reaction to covid—i9 has led lifelong republicans to look for something different. has led lifelong republicans to look for something differentlj wish look for something different.” wish no ill towards him. but i
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think that it is a time for us to once again think about doing better. never should have been a political issue. coronavirus should have been something that we all came together and worked together for the good of everyone. and that is why character matters and a president. but at this pro—trump potato bar, yes, there is such a thing, people think his personal handling of the pandemic is a show of strength. when you are a solder and you are at risk and you are ina warand and you are at risk and you are in a war and fighting something, you go in there and you have to rally your trips and build the morale of the troops and you've got to be victorious, you can't be afraid. and that is what i look at it as an unfortunately, some soldiers when they go to war, they get wounded. tonight, mike pence will go into battle for the current commander—in—chief. against a former prosecutor fighting for his competitorjoe biden. with less than one month to go ona biden. with less than one month to go on a campaign thrown into chaos by covid—i9, the stakes are high.
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sophie long, bbc news, salt lake city. and of course we'll have full coverage of the vice presidential debate from salt lake city, and you can follow it here on bbc news live in a special programme from 00:30 gmt. the prime minister of kyrgyzstan has resigned as opposition groups have taken control of key buildings and offices in the capital bishkek. opposition protestors occupied the parliament building early on tuesday following disputed elections on sunday. the election commission has now annulled the election results. jack kilbride reports. punching the president and then putting the routine. protesters inside the house of president jim acosta, also known as the white house. they accuse him of mass vote buying after sunday's collections or parties
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supported him when the largest share of the votes. so he is in hiding. idid share of the votes. so he is in hiding. i did manage to speak to the bbc. translation: hiding. i did manage to speak to the bbc. translationz” hiding. i did manage to speak to the bbc. translation: i am ready to give responsibility to strong leaders and i am even ready to help them. who those strong leaders are remains a mystery. but the political crisis has grown deeper after the country's prime minister given a not resigned. he been replaced by a man who processes released from jail. meanwhile, protest continue on the streets of the capital bishkek. with the opposition reportedly arguing over who gets which roles in the government. translation: the co-ordinating council is not concerned with any trading of a government positions. our main goal is to ensure that we govern legitimately. who will be president and who will be speak and he will be prime minister, it is not important. the opposition says it wants free and fair elections. meanwhile, the president remains in power, seemingly with little support.
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two presidents have been removed from powder by protests in the last 15 years. —— removed by power. he is determined not tojoin removed by power. he is determined not to join them. jack kilbride, bbc news. stay with us on bbc news. still to come: jump! one of the world's most exuberant, influential and revered guitarists, eddie van halen, has died aged 65. we hear from another rock legend, one of his long—time friends. this was a celebration by people who were relishing their freedom. they believe everything's going to be different from now on. they think their country will be respected in the world once more, as it used to be, before slobodan milosevic took power. the dalai lama, the exiled spiritual leader of tibet, has won this year's nobel peace prize.
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as the parade was reaching its climax, two grenades exploded and a group of soldiersjumped from a military truck taking part in the parade, and ran towards the president, firing from kalashnikov automatic rifles. after 437 years, the skeletal ribs of henry viii's tragic warship emerged. but even as divers worked to buoy her up, the mary rose went through another heart—stopping drama. i want to be the people's governor. i want to represent everybody. i believe in the people of california. this is bbc news. the latest headlines: white house adviser, stephen miller becomes the latest of over a dozen members of donald trump's inner circle, to test positive for coronvirus. republican mike pence
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and democrat kamala harris prepare to go head to head in what could be the most important vice presidential election debate in us history. the north—east coast of mexico is bracing itself for the arrival of hurricane delta. the category 4 storm is expected to be the biggest to hit the country since hurricane wilma in 2005. it's then forecast to move across the gulf of mexico before hitting the united states. paul hawkins has more. boarding up and stocking up. cancun city, on the yucatan peninsula, is on high alert for hurricane delta — the 26th named storm of an unusually active hurricane season. locals here have been told to have enough food and water for three days. any way the wind blows, it's guaranteed to be powerful, with rain and winds
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of 225km/h on the way. translation: instructions have been given to mobilise 5000 officials to the peninsula, to yucatan and quintana roo, with all the necessary equipment to protect the population. we will be on alert and hopefully the hurricane will lose strength or change its path. cancun is famed for its nightlife and beach resorts. tourism is its lifeblood and the pandemic has hit the economy hard. 40,000 tourists, a fraction of the usual number, are being evacuated from the coast. translation: the measures that are being taken in the hotel is to evacuate everyone as a precaution. those who did not make manage to make changes to their flights all have to go directly to the shelter to protect themselves.
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it's our first hurricane. we're scared. although we have been living in cancun for five years, it's our first hurricane and the truth is that we are very nervous. the storm surge of two to three metres in places forecast, boats have been secured, or even better, pulled from the water. the storm is strengthening over the caribbean sea by 137km/h in just 2a hours — the fastest rate of intensification since hurricane wilma in 2005, the last major storm to hit the mexican coast. back then it took the economy six months to recover, which is why this time, the officials here are taking it so seriously. after mexico, delta will strengthen over the gulf of mexico, its warm waters feeding the winds before it weakens a little and then slams into louisiana on friday. paul hawkins, bbc news. let's get all the latest sport from the bbc‘s sports centre.
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hello, i'm marc edwards and here is your wednesday sport briefing. it was the late late show in paris as rafa nadal booked his spot in the french open semi finals with a straight sets win over the italian teenager janik sinner which finished just before 1.30am paris time. and it was a tougher encounter than the scoreline suggests. nadal had to work hard in the first two sets before powering through to the last four. ominous for his next opponent. the 19 time grand slam winner has never lost a semi final at the french open. and it'll be diego schwartzman's job to end that statistic. he'll be facing nadal after causing a big upset in the quarterfinals. schwartzmann beating the us open champion dominic thiem in a stamina—sapping five set marathon match which lasted over five hours. it really was a historic day at the french open on tuesday. nadia podoroska becoming the first qualifier ever to reach the semi finals at roland garros. she stunned 3rd seed elena svitolina, the highest ranked player left in the tournament, in straight sets. podoroska's fairytale run in paris will net the world number 131 at least half a million dollars,
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almost twice as much money as she's earned in her 9 year career, as a pro to date. and in major league baseball the atlanta braves beat the miami marins 9—5 in game one of the nl division series. ronald acuna jr, the record breaker, becoming the youngest player in postseason history to lead off the first inning with a home run. what a way to start! but look at this catch as well from ozzie albies, helping to give the braves the advantage as they take an early lead in the series. world number i novak djokovic is in action on wednesday as he goes on the hunt for a second french open title. he's up against pablo carena busta in the last 8. the top seeded djokovic is yet to concede a set on the parisian clay this year and he'll be looking for redemption against carreno busta after he was defaulted during their fourth—round us open tie last month for inadvertently hitting
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a line judge with a ball. sometimes it is better to forget it and try to continue. i think novak is a great player, a great person, and you know, sometimes we cannot control our emotions. there's unlikely to be such a close finish on stage five of the giro d'italia on wednesday as the race returns to the mountains. sprinter arnaud demare took stage 4 by a whisker. portugal'sjoao almeida retains the race leader's pinkjersey — just two seconds ahead ofjonathan caicedo of equador, but there could be a shake up at the top after the third longest stage of the race. well yesterday social media went into frenzy over the fate of gunnersaurus, arsenal's much loved team mascot, after he was sadly announced as one of 55 redundancies at the club after 27 years of service. well it appears the gunnarsaurus will not become extinct, courtesy
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of a magnanimous gesture from mezut ozil. the arsenal midfielder has offered to pay the salary of jerry kwuy, the man behind gunnarsaurus. he posted this message on social media, saying he was offering to reimburse arsenal with jerry's full salary. you can get all the latest sports news at our website — that's bbc.com/sport. from me and the rest of the sport team, that your wednesday sport team, that your wednesday sport briefing. indeed, our thanks to mark and the team. eddie van halen, considered one of the greatest ever rock guitarists, has died aged 65. the co—founder and lead guitarist of van halen had been suffering from throat cancer. the band was a huge commercial success in the ‘70s and ‘80s — selling more than 80 million records worldwide. its single ‘jump' reached number one in the us charts. eddie van halen did not sound like anyone else, he was said to have a kind of fury. van
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halen the band featuring eddie's exclusive guitar solos, became a staple of the sunset strip music scene in the 1970s and 80s, they had a string of hits. there was a classic friend pianist and his trademark melodic style and use of harmonics help make it one of harmonics help make it one of rock's most influential guitarist. he performed with some of the music industry's biggest stars including michael jackson. eddie van halen had health problems throughout his career, and was first diagnosed with cancer 20 years ago. ‘s death was announced by his son wolfgang, a bass player who joined the man in later years. he said he was the best father i could ever ask for, every moment i have shared with him on and off stage was a gift. tributes have been flooding
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and. here is a piece of advice to all of you who are no longer 20 yea rs all of you who are no longer 20 years old. you grab the nearest generation x or z or whatever they call themselves, grab them by the airand they call themselves, grab them by the air and take them away from the stuff that is being played, and sit them down and let them hear van halen so they understand what greatness is. the band's former front man who departed under acrimonious circumstances shared a picture of the two of them with the words heartbroken and speechless. thousands more have been paying tribute to one of rock's superstars. the american musician, johnny nash, has died at the age of 80. he was best known for his reggae—inspired 1972 hit "i can see clearly now" which was number one on the us charts for 4 weeks. he also ran his own record company and helped launch
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the career of his friend bob marley. hello there. many of us saw some rain at some point during the day on tuesday. and there were some big puddles out and about on the roads. for example, in the highlands of scotland with the wet weather here, and it wasn't just in scotland, the rain was pretty extensive and at its heaviest across north—west england, where in rochdale, and in the greater manchester area, we picked up 42mm of rain. that was the wettest place in the country. it did bring one or two localised issues. now, we've still got a few showers at the moment, then a clearer slice of weather, but further out in the atlantic, the next lump of cloud is developing, and this will bring rain late in the day on wednesday across many areas. right now, we've got some rain across the north—west of scotland. that rain will be with us well until wednesday to be honest. southwards, a few showers coming down through the irish sea, one or two of those might
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be picked up in north—west england, particularly around cumbria and north lancashire for a time. otherwise, a slice of sunny weather for northern ireland, wales, and western england. those sunny skies pushing eastwards as we go through the day. some reasonable weather and much more in the way of sunshine compared with tuesday. later in the day, we will see rain returning to northern ireland, wales and south—west england, and along with the rain, it will turn increasingly windy from the south—west late in the day, gusts of about 40—45 miles an hourorso around the coast and hills. that rain extends northwards, probably reaching southernmost areas of scotland for a time. certainly we're looking at a wet night wednesday night, and then the rain slowly clears away from eastern areas of england. a mixture of sunshine and showers follow from the north and west. it will begin to turn cooler across north—western areas. temperature about nine degrees in stornoway, ii in glasgow. but perhaps around 17 degrees or so for a time in london. that rain band should clear well to the south, but there is a small chance it
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could ripple its way back. either way, on friday, it looks like we will see a mixture of showers or some lengthier outbreaks of rain, so it is staying on the unsettled side, the air getting cooler for most of us, with temperatures dropping. highs, 10—15 celsius. into the weekend, we will be greeted with a northerly blast coming down, and that will make you feel quite chilly if you're out and about. it will also bring showers down to some of our eastern coasts and into the north of scotland as well. so, not entirely dry. it will feel quite cool in those strong winds in the east.
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this is bbc news with the latest headlines for viewers in the uk and around the world. doubts over the recovery: president trump abruptly shelves talks over a new stimulus package despite warnings from the fed chairman, and markets slide. as unemployment rates climb worldwide, many take to selling stuff online to make a living. we talk to the uk boss of ebay. time to move! how expats in dubai who have lost theirjobs due to covid—i9 are preparing to relocate.
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hello again, i'm sally bundock. its focus on the top business stories. —— let's now focus on the top business stories. us president donald trump is back at the white house, where he continues to be treated for the coronavirus, but he's cast doubt on the us economic recovery by pulling out of crucial talks for another stimulus package. the announcement triggered a sell off on wall street and the us central bank chief jerome powell warned that there will be quote "tragic consequences without further covid relief". he was speaking at an event before the president tweeted that stimulus talks are postponed. joining me now is fahad kamal, chief investment officer at kleinwort hambros. good to see you. good morning. market reaction was swift and not surprising to see a sell—off on wall street. not surprising to see a sell-off on wall street. give us sell-off on wall street. give us your take on how important it is that there is more
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stimulus, and soon, for the united states economy. so there area number of united states economy. so there are a number of parts are to question and the first of the market reaction was rugova smith —— rather swift and i would disregard that for one second because while it was swift markets have been volatile and going up i.5% or down i.5% volatile and going up i.5% or downi.5% in any volatile and going up i.5% or down i.5% in any single day isn't all that significant. what is though is this does add more evidence to the fact that this recovery, while extremely impressive, has now become a lot more difficult in its future path and much more uneven. particularly, as much of the stimulus was going to go directly into the pockets of those who are lower income workers and most affected. why do you think the president has taken this view do not try and agree a new stimulus package with the democrats, which many argue is much needed, including
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the fed chiefjerome powell? why has he put it off? there seems to be no really good economic reason for him putting it off. i mean, this is a time where stimulus is the need of the hour and the more, the better, and really, putting any questions of debt or deficit or how we're to pay this back at a later stage. he has not done that. even though reallyjerome powell and the fed have given him all of the ammunition to do so by being very clear to markets that rates are going to be extremely low for a very long time, meaning that the actual interest cost on any debt that you take right now is essentially insignificant. i think really that why he has done what he has done is a political calculation. he wants to obviously appear to be in control, not to be run over by the democrats, particularly by nancy pelosi. and ultimately, this is something, ironically,
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where much of his base would benefit from this, but yet they still find it quite nice that he is retaining his strong man image. what is your prognosis for the us economy, the world's biggest? what is going to be like in the next quarter and in 2021? yeah, great question, sally. ultimately, we have a lwa ys sally. ultimately, we have always expected that this recovery is going to be extremely slow and extremely uneven. and really, it is going to depend on really almost what sector you are in an almost what company you work for specifically. there are some areas of the economy that look like they will never be coming back and just take of cinemas for example, many of those will be shut permanently. other parts of the economy are very slowly recovering. ultimately, this recession and this
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recovery is going to be notable in its difference in how different various segments of the economy have been impacted. if you think about just the unemployment rate in the bottom quartile of the economy, 25% in the us, versus the top quartile, almost untouched. it isa quartile, almost untouched. it is a huge divergence in how this recovery is panning out and it is going to continue to be slow, uneven. but we expect it to continue to be positive into 2021. thank you for joining us, interesting to get his take on the outlook of the biggest economy in the world. let's get some of the day's other news. us lawmakers say facebook, amazon, apple and google, have abused their, quote, "monopoly power". they accuse the companies of using their dominant positions to dictate rules for commerce, forcing out competitors. the group of democrats are calling for changes to antitrust laws, including putting up hurdles for these tech giants to buy out start—ups.
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furniture store giant ikea plans to open a record number of stores this year, even as more and more shopping is done online. the swedish company and its franchisees will open 50 stores worldwide, including in the uk, adding to the a45 stores currently run by the brand. it comes as ikea's sales in the year to august fell 4% to just under $40 billion. the trump administration has changed the rules around the h1b visas, making it harder for foreigners to work in the us. authorities say they expect about a third of new applicants would be rejected under the new set of rules, but that it's necessary to protect american jobs. a large number of applicants for these visas are highly—skilled indians working in the technology sector. shareholders in europe's
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food delivery giant justeattakeaway.com will vote on the company's proposal to buy american rival grubhub today. if the $7.3 billion takeover is completed, it will create the world's biggest food delivery company outside china. the combined firm will have more than 70 million active customers, who place close to 600 million orders a year. the deal comes amid a surge in demand for deliveries of takeaway food as people stay at home because of the coronavirus pandemic. lewis towell is senior consumer analyst at globaldata. good to talk to you. what do you make of these two teaming 7 you make of these two teaming up? hello, thanks for having me. i think in a lot of ways this is a sensible merger. someone has been looking to buy grubhub, there have been talks previously, uber eats mentioned which may have been difficult to get through competition. so
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i think the two companies are quite well aligned in the sort of approach to the market, just eat obviously had been pursuing a number of acquisitions and mergers over the last five yea rs mergers over the last five years to grow their business and the most recent obviously was the merger of the two so i think ina was the merger of the two so i think in a lot of ways, it is good for them, it throws up a lot of challenges for them in terms of bringing those two companies together and making sure that they have the efficiencies they have learned in europe and apply them to the us and the same going the other way. i think covid has been a big growth here, we have been tracking consumer responses across the pandemic from roughly april up until the present and what we have seen isa present and what we have seen is a steady increase in the interest that consumers are showing in ordering online. not only is it sustained but it increases as time goes on. it scares me. “—
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increases as time goes on. it scares me. —— excuse me. increases as time goes on. it scares me. “ excuse me. mean for us as users ofjust eat or grubhub in the us, the experience will change, for example, as they get bigger? could they charge more to those who orderfood? could they charge more to those who order food? yeah, so i think the immediate shift is not going to be huge, because a lot of these markets are regional and dealing with regional and dealing with regional delivery partners at a country regional delivery partners at a cou ntry level regional delivery partners at a country level so currently just eat and skip the dishes in canada but to no penetration in the us markets of this is the entering that markets over the likes of uber eats, doordash, the immediate competition is not going to change and i think really it is howjust eat is able to combine itself and bring it larger financial might to the grubhub business. you know, recent years grubhub has struggled from slightly. it is lost ground to some of its competitors. and i think really in the short term, there will
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not be too much disruption to the market for consumers all the market for consumers all the restaurants. if anything i think the hope going forward is that this helps grubhub ring down its margin that it charges restau ra nts a nd down its margin that it charges restaurants and making it more competitive. 0k, thank you for talking to us and good to get your analysis on that. it's notjust food delivery firms that are joining forces. in the crowdfunding sector two of the biggest players in the uk market, crowdcube and seedrs, have just agreed to merge. the two coming together will create a $181 million crowdfunding powerhouse. both businesses have experienced increased demand during the coronavirus pandemic with the third quarter marking a record for crowdcube as start—ups under strain look to crowdfunding as an alternative to traditional fundraising methods. joining me now is luke lang, cofounder of crowdcube. luke, thank you for being on the programme. tell us about why you decided to team up?
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well, not teaming up, you are buying them, aren't you? this is very much a merger between crowdcube and seedrs. we see, you quite rightly say, during the pandemic we have seen a real surgeon interest of raising money on both of our platforms, crowdcube has raised money for 120 businesses in the uk and europe. they have collectively raised well over £80 million. ishould probably stress these are not businesses in distress and it is not about survival, even during these tough times, it is about growth, these are ambitious innovative business, many performing strongly during lockdown. we are seeking to invest in their people, products and brands, for example, we have had three of our most popular razors in equity crowdfunding history over the past few months, free trade, money box, both helping people to save and invest and what three words who are saving lives by having the emergency services find people in
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distress. these businesses have each raised over £7 million from more than 35,000 individuals, collectively, the investor appetite is strong, bringing together the two businesses, the market has been short significantly over the past few years, we are starting to see europe open up, you know, the regulatory environment is improving there, bringing it more in line with the uk, so that present a really, really big opportunity for us. so we can combine our forces and take on the european market and bring some of the benefit of crowdfunding, raising with seedrs and crowdcube to our european friends. 0k, crowdcube to our european friends. ok, but you are both —— both lossmaking, is that right? you were founded in 2008 after the financial crisis so you said you have had a really good year and some of the positives about crowdfunding so when are you going to make some money? it is true that we are lossmaking, we are both
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ambitious businesses and both investing in our technology and people and our sales and marketing to expand the market. all of that costs money of course, we are ambitious businesses. we are looking to expand internationally. ithink the last six months with covid has brought profitability the agenda for lots of businesses and that certainly is something we will be targeting in the near future. how soon? i cannot put a time on exactly when we're going to hit affordability. our focus right now is to bring the two businesses together, to merge the two entities, to create a uniform platform for our customers, our shareholders and other stakeholders in the business but, yeah, needless to say, profitability will be one of our priorities in the coming months and years. luke, as ever, we have run out of time which is a shame because i would love to because you further but we will have to let you go. give a being on the
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programme. “— you go. give a being on the programme. —— thank you for being on the programme. crowdfunded or not, the uk has seen a big surge in new businesses being created during lockdown as people who have lost theirjobs, orfear they will soon, strike out on their own. amongst this group are new graduate students. we caught up with one graduate start—up that has got off to a promising start, with a product designed for lockdown. do something every day that can make your idea seem a bit more real.
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do something that makes the idea seem more real than yesterday, whether that is talking about someone — talking to someone, do something every day that makes it a little bit more real and you stumble your way to actually building a real idea. don't be afraid to reach out to people. don't be afraid to reach out to someone on linkedln, asked them to help out with this project or ask for help in this industry, and there are people out there who are willing to help out really small individuals or companies who want to make a change. one piece of advice would be begin the process, businesses are emotional rollercoaster ‘s, focusing on the results, and leave behind on happy endings. we love the process and love the people you are working with
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is the ultimate joy. stay with us on bbc news. still to come: time to move! how expats in dubai who have lost theirjobs due to covid—19 are preparing to relocate. more stories based in the uk now. scotland's first minister, nicola sturgeon, is to announce new measures to try to control growing numbers of coronavirus cases. it's understood there could be further rules on hospitality and travel restrictions could be imposed in areas with higher levels of the virus. the new rules will not signal a return to full lockdown, even for a short period of time. uk tax payers may lose tens of billions of pounds because the government's flagship covid loan scheme is at high risk of fraud, and of firms being unable to pay the money back. a report by the national audit office found that the scheme was vulnerable to multiple applications and organised crime. the government tried to minimise fraud through lenders' background checks.
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the pharmaceutical company, roche, has warned of problems with the supply of coronavirus swabs and nhs tests for other conditions, including cancer. the firm said:. difficulties caused by the move to a new warehouse meant there could be a "very significant drop in its processing capacity". you are with bbc news. the latest headlines: white house adviser stephen miller becomes the latest of over a dozen members of donald trump's inner circle, to test positive for coronavirus. republican mike pence and democrat kamala harris prepare to go head to head — in what could be the most important vice presidential election debate in us history. the middle east is witnessing one its worst recessions due to the twin shock of the coronavirus pandemic and low oil prices. the region's business hub, the united arab of emirates
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or the uae, has also been severely affected. tens of thousands of foreign residents have lostjobs, forcing families that have spent years in the country to pack up and leave. the bbc‘s middle east business correspondent reports from dubai. first everybody was looking at me. capturing memories to cherish for a lifetime. after spending ten years in the city where they met, fell in love and started a family, lydia and robert are getting ready to say goodbye to dubai. both of them lost theirjobs due to the fallout of the pandemic. despite their best efforts, they could not find any new employment opportunities, and with no option that, they are now getting ready to leave the country. not easy. you can put your ten years life into boxes, if you boxes, and ourfriends
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are here, and they became our family, and our life was sorted, we were financially secure sorted, we were financially secure and all of this, and suddenly we need to go back. la ke suddenly we need to go back. lake lydia and robert, thousands of families who had spent years in the uae are in a similar situation. spent years in the uae are in a similarsituation. shipping companies like this are flooded with orders like this from expatriates leaving the country. nearly 1 million foreign residents will have left by the end of the year. foreigners constitute nearly 9% of the country's population, but the country does not give residency or citizenship to foreign citizens, which makes it very difficult for expatriates to live here without any income. is notjust qualified professionals but even blue—collar workers that form the bulk of the workforce have been impacted severely.
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the uae is the reason's tourism and trade hub. but its economy has been one of the worst hit due to the pandemic. the government has introduced policies to help business, but experts monitoring the situation feel that the crisis may not be over yet. most business owners who are so say they are not hiring at all, in fa ct they are not hiring at all, in fact employment is very sharply down from the baseline, but certainly, we're going to see sharp declines in some of the expatriate community over the course of the next year. as lydia and robert prepared to head back to their hometown in brazil, they are still not sure about what the future holds for them. they are sad to leave but also hopeful that someday both of them will be able to return to the country where their daughter was born. the coronavirus pandemic has been devastating for many small businesses. hundreds of thousands of people are having to find new ways to earn a living and some are using it as an opportunity to start a business.ebay uk injune saw the biggest
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year—on—year spike in new businesses joining the platform, up 335% compared to june 2019. and now ebay is launching a new ‘pay as you grow‘ initiative, with reduced fees for first—time sellers to help start—up their business on the platform. joining me now is murray lambell, general manager of ebay uk. murray, thanks for being on the programme. tell us a little bit more about how your scheme works. thanks for having me. so we really wanted to support more businesses to either move their off—line unit online or expand existing online presence. server the next three months we charge no fees for
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the first 100 sales, and the fees increase as they find a successful platform. that runs right through until the end of the year. when the fees do kick m, the year. when the fees do kick in, whatare the year. when the fees do kick in, what are they like? how tough are they, those fees? the way our business works, is we are way our business works, is we a re successful way our business works, is we are successful when businesses are successful when businesses are selling the platform, we don't compete with other sellers, and so, as sellers pay around 10% fee when we are running at about full weight, but that only applies when the business has sold an item, so there is no compulsory for adverts or cost per click items, so when businesses work, we get a profit. are they locked in with you for a period of time? we don't have any lock in periods, really our goal is to make sure that these small business owners can trial and access online. from an ebay
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perspective, we have got a very open audience who have 25 billion users using our platform every month. there are all opportunities for small businesses to grow their online sales, and as covid—19 has caused so many challenges with physical retail, online retail provides what buyers need but also an opportunity for businesses to make more of that, and particularly small businesses are. and how do you vet these small businesses will approach you and want to join your scheme and make sure they are legitimate, they won't rip buyers of? we have a large team and technology which sits behind our system to ensure that when businesses register, they are legitimate and provide all of the required details to make sure they can trade properly and legitimately, and we wa nted properly and legitimately, and we wanted them to make sure they provide a very high level of service. we have nearly
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300,000 of them already in the uk operating and doing that successfully, and we have lots of buyers, as i have mentioned, which means we have a robust system. what helps a business stand out on ebay? it is so busy, there are so much noise? online is certainly a competitive space to be, all the principles that apply to good business work on ebay and online as they work and physical retail, so providing a lot of detail about the product you are selling, beautiful imagery, the descriptions and really the service you offer the customer, those businesses that do that do manage to start up that do that do manage to start up on ebay and do very well. we shall keep a close eye. the boss of ebay uk, let's quickly show your financial markets because as we mentioned earlier, wall street had a pretty volatile session the night before, because of that news from president trump, the
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stimulus talks being postponed. in asia it's fairly mixed. you are now up—to—date, have a good day, i will see you soon. hello there. many of us saw some rain at some point during the day on tuesday. and there were some big puddles out and about on the roads. for example, in the highlands of scotland with the wet weather here, and it wasn't just in scotland, the rain was pretty extensive and at its heaviest across north—west england, where in rochdale, and in the greater manchester area, we picked up 42mm of rain. that was the wettest place in the country. it did bring one or two localised issues. now, we've still got a few showers at the moment, then a clearer slice of weather, but further out in the atlantic, the next lump of cloud is developing, and this will bring rain late in the day on wednesday across many areas. right now, we've got some rain across the north—west of scotland. that rain will be with us well until wednesday to be honest. southwards, a few showers coming down through the irish sea, one or two of those might be picked up in north—west
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england, particularly around cumbria and north lancashire for a time. otherwise, a slice of sunny weather for northern ireland, wales, and western england. those sunny skies pushing eastwards as we go through the day. some reasonable weather and much more in the way of sunshine compared with tuesday. later in the day, we will see rain returning to northern ireland, wales and south—west england, and along with the rain, it will turn increasingly windy from the south—west late in the day, gusts of about 40—115 miles an hourorso around the coast and hills. that rain extends northwards, probably reaching southernmost areas of scotland for a time. certainly we're looking at a wet night wednesday night, and then the rain slowly clears away from eastern areas of england. a mixture of sunshine and showers follow from the north and west. it will begin to turn cooler across north—western areas. temperature about nine degrees in stornoway, 11 in glasgow. but perhaps around 17 degrees or so for a time in london. that rain band should clear well to the south, but there is a small chance it could ripple its way back. either way, on friday, it looks like we will see
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a mixture of showers or some lengthier outbreaks of rain, so it is staying on the unsettled side, the air getting cooler for most of us, with temperatures dropping. highs, 10—15 celsius. into the weekend, we will be greeted with a northerly blast coming down, and that will make you feel quite chilly if you're out and about. it will also bring showers down to some of our eastern coasts and into the north of scotland as well. so, not entirely dry. it will feel quite cool in those strong winds in the east.
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all good morning, welcome to breakfast with dan walker and louise minchin. our headlines today. scotland faces tighter restrictions to control the growing number of covid cases coronavirus fraud that could cost the taxpayer billions. criminal gangs are stealing people's identities to illegally claim covid support loans. tributes are paid to rock legend eddie van halen, who's died at the age of 65. if you ever saw that band live, when eddie played guitar, he would be smiling from ear to ear. an end to threatening debt letters. overdue notices with warnings written in bold or block capitals will be toned down.

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