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tv   Business Today  BBC News  September 2, 2024 12:30am-12:45am BST

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concerns about china's economy grow as manufacturing and housing data continue to weaken. and why the uk's largest homeware retailer is on the lookout for older workers. hello and welcome to business today. i'm steve lai. let's begin in china, where manufacturing activity has contracted in august for the fourth straight month.
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has contracted in august for the fol then raight month. has contracted in august for the fol then it's iht month. has contracted in august for the fol then it's going nth. has contracted in august for the fol then it's going to 1. below 50, then it's going to grow as we continue into the new year. l115 grow as we continue into the new year-— grow as we continue into the new year. us “obs data is out this friday, _ new year. us jobs data is out this friday, will _ new year. us jobs data is out this friday, will not - new year. us jobs data is out this friday, will not have - new year. us jobs data is out this friday, will not have any| this friday, will not have any impact when the fed meets in a few weeks?— impact when the fed meets in a few weeks? were looking at the hi . hest few weeks? were looking at the highest risk. — few weeks? were looking at the highest risk, potentially, - highest risk, potentially, economic event of the year so far. what we've seen last august was unprecedented. one of the catalyst behind it was concerns of us economic momentum after being robust and resilient before the last 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. we do expect for the fed to rollback interest rates this month, but fed policymakers have had a poker face not giving too much away, and recently we had a very weak economic data release for the monthly jobs economic data release for the monthlyjobs report in august and we seen a date or revision were up to 850,000 jobs were potentially overestimated between april of last year and
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march of this year. so we do have another progress report this week, the us economy is finally starting to really hit the floor in terms of the economic momentum and robustness of the last 18 months or so. it will make things interesting as well going towards the us presidential elections in november.— presidential elections in november. . . november. what are the risks for the market _ november. what are the risks for the market as _ november. what are the risks for the market as we - november. what are the risks for the market as we head - november. what are the risks for the market as we head for| for the market as we head for that? , ., . , that? this balance between... weeks, it— that? this balance between... weeks. it was _ that? this balance between... weeks, it was looking - that? this balance between... weeks, it was looking quite i weeks, it was looking quite leading that the former president would return once again. clearly that's where the risk would be for financial markets that's because it's been unknown, but what we can say with some fairness is trumped 2.0 is likely to make a great america great again but it's going to be more sterile, the growth tactics and the pro—american policies we have to take into account the last time although everything was very unprecedented and uncertain for long periods, he was fantastic for the us currency and he was fantastic
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for the us financial markets so it might be looking at more stance where investors look towards us markets, should we have trump when the november elections but globally we could have concerns of the trade tactics, what might happen with the relationship with china and so forth, so i think that's the unknown but as we are headed closer to that date we do see the banks being more fairly between trump and harris but i do expect to have a lot of uncertainty as we approach the final two months of the campaign. brazil's ban on social media platform x will be put to a vote at the country's supreme court on monday. a five—member panel there will decide whether to uphold a judge's decision to shut down x early on saturday, because it failed to appoint a legal representative as required under local law. a legal representative the elon musk—owned platform said its previous representative resigned after being threatened with imprisonment. some 10,000 hotel workers have begun a multi—day strike in several cities across the united states. this comes after contract talks with the operators of marriott,
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hilton and hyatt hotels reached an impasse. the unite here union says workers from 2a hotels are on strike in major travel destinations from san francisco to honolulu, with more set to join the walk—out all will as the labour day holiday continues. it's the end of summer in the northern hemisphere and today we're going to look at the us movie industry, which appears to have had a blockbuster season. a couple of films surpassed the $1 billion mark in global ticket sales — deadpool and wolverine — based on marvel comic characters, and disney's sequel inside out 2. but is the movie industry really bouncing back to pre—pandemic levels? analyst paul dergarabedian gave us his take. the pre—pandemic era, the summer movie season especially in the domestic, the us and canada market, would bring in just over $4 billion anywhere between 4.1—4.5 billion. during
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the pandemic we saw those numbers plummet for obvious reasons with people basically unable to go out to movie theatres and now we've seen this resurgence back and of course last summer we had barb and heiner, that generally... the summer we got off to a really slow �*s start in may we had one of the lewis memorial weekend here in the us ever and that's usually a big holiday weekend, butjune came along and everything changed. starting with bad boys ride or die and inside out to that's the highest grossing animated film of all time and we were off to the races at that point with a string of unprecedented hits one after the next. and then it's rather a quiet weekend this weekend but what a resurgence for the box office after what was a slow first quarter and a very slow, to say
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the least, month of may for movie theatres but it really came back midway. a shareholder ofjapan's seven & i holdings is urging the convenience store chain to provide an update on a takeover bid by the 19th of september. artisan partners asset management, which holds a zero—point—eight—five percent stake in seven & i, has called on the company to seriously consider a recent takeover offer from canada's alimentation couche—tard. the american firm has been critical of the management of the 7—eleven parent company, which has formed a special committee to evaluate the bid. let's turn now to the uk — where there are almost 15 million people over 50 years old who are economically inactive. it's a figure that has been increasing in recent years. but the skills of older workers are something the uk's biggest homeware retailer, dunelm, wants in its business. our business reporter simon browning has the story.
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workers, the fabric of the economy. here at dunellen's made to order curtain factory in leicester, over half the team is over 50. a seamless blend of youth and experience. 68 next month. 65 in about four weeks — 68 next month. 65 in about four weeks. ~ ., , ., weeks. with no sign of retirement, _ weeks. with no sign of retirement, allie - weeks. with no sign of retirement, allie and l weeks. with no sign of. retirement, allie and max weeks. with no sign of - retirement, allie and max want to keep using a half century of learned skills.— learned skills. success of the factory would _ learned skills. success of the factory would be _ learned skills. success of the factory would be having - learned skills. success of the factory would be having a - learned skills. success of the i factory would be having a good a -e factory would be having a good age range met and i think you need — age range met and i think you need that— age range met and i think you need that mix, we can pass on the skills— need that mix, we can pass on the skills to the younger generation. a the skills to the younger generation.— the skills to the younger aeneration. �* ., ., generation. a quarter of the entire workforce _ generation. a quarter of the entire workforce here - generation. a quarter of the entire workforce here are i generation. a quarter of the i entire workforce here are older workers. those over 50, it's almost 3000 people. they actively recruit this age group, targeting them on facebook and job centres. it appears to be working. the retailer is growing and opening
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new stores, where rare achievement.— new stores, where rare achievement. ~ . ., , achievement. we have a flexible a- roach achievement. we have a flexible approach to _ achievement. we have a flexible approach to different _ achievement. we have a flexible approach to different types - achievement. we have a flexible approach to different types of i approach to different types of shifts — approach to different types of shifts i've_ approach to different types of shifts. i've had _ approach to different types of shifts. i've had colleagues- shifts. i've had colleagues chat— shifts. i've had colleagues chat to _ shifts. i've had colleagues chat to me _ shifts. i've had colleagues chat to me in _ shifts. i've had colleagues chat to me in stores - shifts. i've had colleagues chat to me in stores and l shifts. i've had colleagues- chat to me in stores and here, io chat to me in stores and here, do ina— chat to me in stores and here, do i'm retiring _ chat to me in stores and here, go i'm retiring and _ chat to me in stores and here, go i'm retiring and we - chat to me in stores and here, go i'm retiring and we go - go i'm retiring and we go we don't — go i'm retiring and we go we don't really— go i'm retiring and we go we don't really want _ go i'm retiring and we go we don't really want you - go i'm retiring and we go we don't really want you to - don't really want you to retire. _ don't really want you to retire, have _ don't really want you to retire, have you - don't really want you to i retire, have you considered staying _ retire, have you considered staying on— retire, have you considered staying on in— retire, have you considered staying on in the _ retire, have you considered staying on in the seasonal. staying on in the seasonal contract _ staying on in the seasonal contract so _ staying on in the seasonal contract so you _ staying on in the seasonal contract so you can - staying on in the seasonal contract so you can just i staying on in the seasonal. contract so you can just come in for— contract so you can just come in for last— contract so you can just come in for last weeks _ contract so you can just come in for last weeks of— contract so you can just come in for last weeks of the - contract so you can just come in for last weeks of the year. in for last weeks of the year but it— in for last weeks of the year but it still— in for last weeks of the year but it still keeps _ in for last weeks of the year but it still keeps you - but it still keeps you connected. - but it still keeps you connected.— but it still keeps you connected. ., " ' connected. there are 11.1 economically _ connected. there are 11.1 economically active i connected. there are 11.1 economically active over| connected. there are 11.1 i economically active over 50s in the uk economy, that's either in a job or actively looking for one. that's 325,000 in the last five years since before the pandemic. 14.8 million economically inactive workers over 50 and that's up to 1 million in the last five years. getting some of those back to work would be a big boost for the uk economy. with so many workers cut, many have challenges getting back in. we often talk challenges getting back in. - often talk about this cohort of people as being the sandwich generation, so often they will be primary care for their elderly parents will come off in their 80s or 90s, sometimes
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they'll still have dependent children and teenagers at home. that can have a big impact on their ability to navigate work. come in. well, this is my home, which _ come in. well, this is my home, which is — come in. well, this is my home, which is also _ come in. well, this is my home, which is also my workplace. flexible _ which is also my workplace. flexible solutions do exist. k teaches foreign english students at home offering bed and board. jab students at home offering bed and board-— and board. job satisfaction is very important. _ and board. job satisfaction is very important, and - and board. job satisfaction is very important, and i- and board. job satisfaction is very important, and i think. very important, and i think having _ very important, and i think having some _ very important, and i think having some sort - very important, and i think having some sort of- very important, and i think. having some sort of structure for the — having some sort of structure for the week _ having some sort of structure for the week. i— having some sort of structure for the week. i don't - having some sort of structure for the week. i don't usually. for the week. i don't usually think— for the week. i don't usually think about _ for the week. i don't usually think about the _ for the week. i don't usually think about the income - for the week. i don't usually think about the income tool think about the income too much, _ think about the income too much, but _ think about the income too much, but it's— think about the income too much, but it's always - think about the income too much, but it's always goodj think about the income too i much, but it's always good to have — much, but it's always good to have mostly _ much, but it's always good to have. mostly for _ much, but it's always good to have. mostly for me - much, but it's always good to have. mostly for me it's - much, but it's always good to have. mostly for me it's just. have. mostly for me it'sjust meeting _ have. mostly for me it'sjust meeting a _ have. mostly for me it'sjust meeting a whole _ have. mostly for me it'sjust meeting a whole load - have. mostly for me it'sjust meeting a whole load of- meeting a whole load of interesting _ meeting a whole load of interesting people - meeting a whole load of interesting people and i meeting a whole load of- interesting people and having interesting _ interesting people and having interesting things— interesting people and having interesting things to - interesting people and having interesting things to researchj interesting things to research a bit — interesting things to research a bit. ~ interesting things to research a bit. . ., .,, interesting things to research a bit. ~ ., ':: i: i: i: i: interesting things to research abit. ., ':::: ijijij a bit. with almost 900,000 'ob vacancies in fl a bit. with almost 900,000 'ob vacancies in the i a bit. with almost 900,000 'ob vacancies in the uk i a bit. with almost 900,000 job vacancies in the uk economy, i vacancies in the uk economy, drawing on the skills of the uk's older workers could be a boost. for much wanted economic growth. simon browning, bbc news. according to their website, they began as a curtain stolen
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leicester market before expanding its footprint. it now has 180 stores across the uk. that's it for business today, see you again soon.
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hello and welcome to sportsday — i'm hugh ferris. our headlines. for liverpool — three games, three wins. and the latest is special — a 3—0 win at the home of their fiercest rivals. a wait of more than three games is over for kylian mbappe, who finds the net in la liga for the first time and a dozen in a day — an astonishing sunday for great britain, who more than double their golden tally at the paralympics. hello again. if arne slot wanted to endear himself to the fans of his new club,
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then leading liverpool to three straight wins to start the premier league season will help. even better — beat your biggest rivals comfortably to leave your opposite number reminding everyone he's a manager, nota magician. liverpool's 3—0 win at manchester united kept their 100% start going and brought consistent boos for the home side. after trent alexander—arnold had a goal disallowed for offside. luis diaz scored twice before half—time — his second and third goals of the season — to put liverpool in control. after the break, mohamed salah made it 3—0 with his 12th goal in 15 matches against united. the result piles more pressure on erik ten hag after two defeats in their opening three matches while liverpool go into the international break with maximum points and no goals conceded. you look a bit more secure defensively, we were a bit more in control of our game today. obviously 3—0, it could have been more. a couple of goals,
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one goal

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