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tv   Business Today  BBC News  September 12, 2024 1:30am-1:46am BST

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-- boeing faces a new contract. —— boeing faces a strike as union workers vote on a new contract.. hello and welcome to business today. i'm katie silver. markets in the us have rebounded after a key report showed that prices are finally coming down. consumer inflation for august came in at 2.5%. that's the slowest price rise in three years. the figures have cemented expectations that the us central bank will cut interest rates. economist ryan sweet explains what he expects from next week's central bank meeting. even before we get the. this morning i think a rate cut at the upcoming september meeting was already a done deal. it shifts focus away from inflation and the downside risks of the labour market because we have seen deterioration of the last few months and that is raised a bit of a red flag at the reserve. i think the big story today is not whether or not it would tilt the scales towards a 25.50
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point six cut and i think it supports a 25 point cut next week. a ~ , . supports a 25 point cut next week. ~ , ., , week. markets have been volatile- _ week. markets have been volatile. will— week. markets have been volatile. will an _ week. markets have been volatile. will an interest | week. markets have been i volatile. will an interest rate cuts stabilise things?- cuts stabilise things? since the beginning _ cuts stabilise things? since the beginning of— cuts stabilise things? since the beginning of this - cuts stabilise things? since the beginning of this year | cuts stabilise things? since the beginning of this year i | the beginning of this year i think what it will require is coming a financial market and it needs stabilisation in the us labour market and easing of policy and uncertainty around the us presidential election. run sweet speaking with me a little earlier. speaking of the us presidential debate, shares in trump media slumped on us markets. it runs the former president trumps truth social site. here's ritika gupta with the details. shares at donald trump �*s social media company plunged over 10% on wednesday following his debate against his presidential election rival, kamala harris. trump media which operates truth social and is majority—owned by trump fell
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to a record low. it has become a way for traders to bet on trump's political fortunes and the move comes as his odds of winning the election fell to 47% according to data from a betting website. trump media is also facing the expiration of a lock—up media as soon as september 19 enabling insiders including trump himself start selling shares. this may add to pressure for the stopwatches struggled badly in recent months resulting in its market valuation falling below 3.5 in dollars. bangladesh is urgently asking for $5 billion in financial aid from international lenders. the head of the interim government, muhammad yunus, says the money will be used to stabilise low foreign exchange reserves. a new government was sworn in last month after the ousting of prime minister sheikh hasina. added that he is also trying to
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negotiate for lower interest rates and loan extensions with russia and china. china is taking new measures to attract more foreign investment as the government tries to boost the economy. earlier this week beijing said it'll allow foreign investment in the healthcare sector. the government is also opening up manufacturing to foreign investment. but there are 29 other sectors that remain under restrictions — including mining and telecommunications. the changes will kick in in november. but with the slowdown in china, foreign investment overall has been falling. harry murphy cruise explains whether the new measures will be enough to kickstart the chinese economy. problem the one where the headline is more exciting than the reality stop most of china's manufacturing sector was already open foreign ownership and foreign investment. the change we saw earlier this week only impact within is the sliver of the manufacturing that still faces those barriers, that being printing production and traditional chinese medicine.
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not a massive change in the manufacturing front. the healthcare reforms certainly are more impactful and that has been a sector that has traditionally been insulated in china and the fact that we allow some privately owned hospitals to take form as well as investment into biotech is a much bigger advancement. there have been many _ much bigger advancement. there have been many restrictions - much bigger advancement. there have been many restrictions on i have been many restrictions on joint ventures. does this acknowledge it will be an easier business environment? i think it does and i think it reflects help poorly china's economy is going at the moment. the property market continues to go south and households are not spending and now we have the bright spot of the chinese economy being manufacturing exports are starting to dim all those tariffs. there have been a pivot from officials in china to try to attract more foreign investment and to be that growth source to fill the gap currently there meaning things like opening up manufacturing a little bit more, opening up healthcare. but china must walk
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the walk here. we need to see broader reforms to encourage that investment to come into china. just being open and allowing it is not enough, it must be an easy environment to do business. when us business at the about the troubles they face with data regulations, very strict and china as well as continued prioritisation of domestic firms to local government. that is more the reform needed to attract investment into the country. openai is in talks to raise $6.5 billion in funding at a valuation of $150 billion. that would be more than 70% higher than the company's valuation in february. the maker of chatgpt products is one of the fastest growing startups in silicon valley. governments around the world are discussing ways to regulate the use of artificial intelligence. with more companies using ai, there's growing concern about potential
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dangers for humanity. i spoke to that they face. it is immensely powerful and not located in any one particular place. jurisdictional issues about who you can regulate how you regulate them of the first point. it is a difficult puzzle to crack. point. it is a difficult puzzle to crack-— point. it is a difficult puzzle to crack. ,, ., ., to crack. should government look to work _ to crack. should government look to work together - to crack. should government look to work together or - to crack. should government look to work together or do i look to work together or do they risk, if one government creates strong legislation, do they risk companies choosing not to be based there and missing out on al party, so to speak. that is a risk that government legitimately has. in practice it seems that sometimes works the other way but the need to comply with strict standards and drive out lower standards because you have to comply with strict standards you would tend to devise a product that you can sell everywhere which will there for have to meet the strictest standards. if there for have to meet the strictest standards.- there for have to meet the strictest standards. if you get the mix right _ strictest standards. if you get the mix right you _ strictest standards. if you get the mix right you can - strictest standards. if you get | the mix right you can actually, as a regulator and a trading
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block you may find that you are able to impose a standard upon the whole world by being stricter provided it allows for sufficient development and growth. 50 sufficient development and urowth. ,, ., sufficient development and urowth. _, sufficient development and urowth. , ., growth. so it could be a race to the tep- _ growth. so it could be a race to the top. when _ growth. so it could be a race to the top. when it - growth. so it could be a race to the top. when it comes i growth. so it could be a racej to the top. when it comes to issues such as human rights and misinformation, china thinks it could cause social disruption. is this justified or can we see ai being a cause for good? it is definitely a cause for good that i think what china is also correct in that it can be used to cause social disruption we have seen that in countries well outside china, in western europe where deep fakes, for example, the taylor swift deep fake in the us election have caused significant democratic change. so i think the fears are completelyjustified and are completely justified and borne are completelyjustified and borne out by events. if are completelyjustified and borne out by events.- borne out by events. if you want to _ borne out by events. if you want to instruct _ borne out by events. if you | want to instruct government around the world about what they should do to regulate ai, what is your top tip?—
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what is your top tip? stick to the closest _ what is your top tip? stick to the closest generally - the closest generally acceptable principles. there are some in the oecd about how to regulate and regular recognise it.— recognise it. i'll “ust go straightfi recognise it. i'll “ust go straight to h recognise it. i'll “ust go straight to it. h more than 30000 workers from boeing's largest union are set to vote on a new labour contract later. the new contract was tentatively agreed upon between the company and the union. it includes a pay rise of 25%. for boeing, this is a vital moment. it needs workers at its factories in washington state and oregon to accept the deal being offered. if they do not it could face strikes on the shop floor at a time when it is meant to be focusing on safety and quality control. what is on the table as a four year contract that will give a 25% pay increase across the board as well as better retirement
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benefits compulsory overtime. the company also said that if it launches a new aircraft design and then next four years that plan would be built in the seattle region. unions have recommended the deal but it is still far from clear whether a majority of workers will accept it. if they do not there will be a further vote on strike action. this has been a difficult yearfor action. this has been a difficult year for boeing. the problems began injanuary when a disused door fell off problems began injanuary when a disused doorfell off the problems began injanuary when a disused door fell off the 737 max shortly after takeoff. that cast a harsh spotlight on serious ongoing quality control problems at the plane may come as well as calling its commitment to safety into question once again. it revived memories of two crashes involving the 737 max five years ago in ethiopian and off the coast of indonesia in which 346 people died. and then it's new spacecraft, the star liner develop serious flaws on its first manned mission living astronauts stranded in space.
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for boeing today the vote is key. if workers agree it can focus on solving as many problems. vote for strike action would make that process action would make that process a great deal harder. before we go, let's turn to the music industry where popular rapper eminem hasjust made billboard history. curtain call: the hits — eminem's first collection of his biggest and most popular singles — has now spent 700 weeks on the billboard chart. 0nly five other artists have reached this milestone. thanks for watching.
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hey i am lola with the catch up. tonight, the harris trump debate, new rights for renters and would you purchase a disney themed house? donald trump and kamala harris, the two candidates wanting to be the next us president have finally met and debated. so what happened? . met and debated. so what happened?— met and debated. so what hauened? . . ., ., , m happened? , kamala harris. it started politely _ happened? , kamala harris. it started politely with _ happened? , kamala harris. it started politely with a - started politely with a handshake but things got heated quickly. handshake but things got heated cuickl . , , handshake but things got heated cuickl. , ~ ., , handshake but things got heated cuickl. , ~' ., ,, handshake but things got heated cuickl. ,~m, ,, , quickly. everybody knows she is a marxist _ quickly. everybody knows she is a marxist. people _ quickly. everybody knows she is a marxist. people start - quickly. everybody knows she is a marxist. people start to - a marxist. people start to leave his _ a marxist. people start to leave his rallies _ a marxist. people start to leave his rallies early - a marxist. people start to leave his rallies early out| a marxist. people start to l leave his rallies early out of exhaustion and boredom. they debated issues _ exhaustion and boredom. they debated issues like _ exhaustion and boredom. they debated issues like the - exhaustion and boredom. iie: debated issues like the cost exhaustion and boredom. tie: debated issues like the cost of living and abortion. iijoiiiii debated issues like the cost of living and abortion.— living and abortion. will she allow abortion _ living and abortion. will she allow abortion on _ living and abortion. will she allow abortion on the - living and abortion. will she j allow abortion on the eighth month, ninth month, seventh month? would you do that? the
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government _ month? would you do that? the government and donald trump certainly— government and donald trump certainly should not be telling a woman _ certainly should not be telling a woman what to do with her body — a woman what to do with her bod . �* ., ., body. and when it got to immigration... _ body. and when it got to immigration... . - body. and when it got to immigration... . in - body. and when it got to - immigration... . in springfield the are immigration... . in springfield they are eating _ immigration... . in springfield they are eating the _ immigration... . in springfield they are eating the dogs. - immigration... . in springfield they are eating the dogs. the | they are eating the dogs. the people who came in, they are eating the cats.— eating the cats. that claim, without evidence _ eating the cats. that claim, without evidence from - eating the cats. that claim, l without evidence from donald trump. taylor swift had her save. she said she will be voting for kamala harris to be president. the election is on novemberfive. a new law to stop landlords evicting tenants in england without a reason will be in place by next summer. labour's renters right bill will prevent bidding wars and give tenants the right to have a pet. landlords say they need time to prepare for the changes. time for ten seconds of a whole new world. well, that could be the case for unlucky purchaser of this disney themed home in wales. the house features rooms
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dedicated to aladdin, the lion king and even harry potter. you are all caught up. have a great night.
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hello and welcome to sportsday. i'm will perry. coming up: nfl star tyreek hill says he could have handled things differently, but still calls for action against the police
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officers who dragged him from his car. pulled how we get better from things is you watch the tape and you get better from it. things is you watch the tape and you get betterfrom it. and in this instance we should do the same. australia beat england in the first of three t20 matches. and there's a royal ruck at the palace as the king welcomes the the black ferns. great to have you with us. first to the news that miami dolphins wide receiver tyreek hill says he could have handled himself better in the initial moments of a traffic stop on sunday that led to him being handcuffed and pulled out
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of his car by police officers near the team's stadium.

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