Skip to main content

tv   Business Today  BBC News  September 27, 2024 12:30am-12:45am BST

12:30 am
hello and welcome to business today. us tariffs on chinese made electric cars, solar panels, steel and other goods will go into effect in the coming hours. policies around tariffs have become part of the debate on the economy in the upcoming us election. the bbc�*s michelle fleury has morphed from new york.— from new york. when the measures _ from new york. when the measures were _ from new york. when the measures were first - from new york. when the - measures were first announced in may, the us said it was in response to china's unfair trade practices and to protect usjobs. the chinese trade practices and to protect us jobs. the chinese said they opposed the hikes and wood retaliates. analysts said that harris, including a 100% duty on electric vehicles made in china, are largely symbolic, especially since chinese vehicles like that are not sold in the united states currently. levies on solar cells will increase to 50%. steel and
12:31 am
aluminium products will more than tripled to 25%. tariffs hiked one of the products including semiconductor chips are set to come into effect in the next two years. the impact effect a relatively small amount of us imports and, as kamala harris and donald trump have clashed over tariffs on the campaign trail. —— and come as kamala harris... trump wants sweeping duties on all imports, while she says that would raise prices for american people. the euro ean prices for american people. the european union is also considering tariffs on chinese electric vehicles. negotiations are ongoing. the block was meant to vote on the tariffs this week but that has been delayed. we will bring you up to date as we hear anything. in other news, us stock markets rose on thursday with the s&p 500 closing at a record high
12:32 am
for the third time this week. sharesjumped by almost for the third time this week. shares jumped by almost 15% for the third time this week. sharesjumped by almost 15% in micron after they posted strong earnings and said they expected growth in the months ahead. largely led by the artificial intelligence boom. still in the us, they have released fresh indicators on the state of the economy. the number of americans seeking unemployment benefits fell to a four—month low last week. other data shows the world's largest economy grew by 3% in the april tojune quarter, in line with earlier estimates. peterjolley from mcquarrie university gave me the sense of the path ahead for the sense of the path ahead for the us. ., , the sense of the path ahead for the us. . , ., , the us. the federal reserve has talked often _ the us. the federal reserve has talked often about _ the us. the federal reserve has talked often about this - the us. the federal reserve has talked often about this narrow. talked often about this narrow path. really, this is the goldilocks kind of outcome for them. certainly close to achieving their goal of
12:33 am
lowering inflation to the target and at the same time with the us economy continuing to expand. the estimate of 3% growth, but even the most recent data suggest the economy has continued to expand at that pace in the third quarter. the 'ob pace in the third quarter. the job numbers _ pace in the third quarter. the job numbers are _ pace in the third quarter. the job numbers are really interesting, showing the labour market continues to be so strong. do you think the fed rate cut was justified given that? i rate cut was 'ustified given that? ., 4' rate cut was 'ustified given that? ., ~ �* , that? i do think it's justified. _ that? i do think it's justified. as - that? i do think it's justified. as i - that? i do think it's justified. as i say, | that? l do think it's- justified. as i say, chair powell and the team will be happy with the labour market. it has softened, it was 3.5 and thenit it has softened, it was 3.5 and then it was lt.2 in the latest data. it is still kind of robust. as to the bigger interest rate cut last week, i think you've got to put that in the context of the starting point, really. we have interest rates that are pretty high in
12:34 am
the us, 5.2 5.5%. most people expect a normal interest rate of around 3%. so actually you do have the scope to move quickly at the start. i don't think this is a panic move. i wouldn't expect a series of 50 point moves. in wouldn't expect a series of 50 point moves-— point moves. in japan, the rulin: point moves. in japan, the ruling party _ point moves. in japan, the ruling party will _ point moves. in japan, the ruling party will choose - point moves. in japan, the ruling party will choose its| ruling party will choose its new prime minister today, with the winning candidate taking office next week. it follows a surprise announcement last month when fumio kishida announced he was stepping down. we took a closer look at the candidates that may replace him. �* , ., candidates that may replace him. �*, . . ., candidates that may replace him. �*, ., . ., ., him. it's a crowded race of nine contenders _ him. it's a crowded race of nine contenders vying - him. it's a crowded race of nine contenders vying to i him. it's a crowded race of| nine contenders vying to be him. it's a crowded race of- nine contenders vying to be the next leader of the party and the government. rank and file members of the liberal democratic party will cast their vote for a new leader. if no contenders receive more than half the votes, there will be a run—off between the top two. based on multiple polls, these are the three top contenders. koizumi, if his name is
12:35 am
familiar, his father is the former prime minister. at 43, he would become the youngest leader in post—warjapan if elected. critics say he lacks experience, but he is very elected. critics say he lacks experien and ut he is very elected. critics say he lacks experien and a he is very elected. critics say he lacks experien and a protege ry elected. critics say he lacks experien and a protege of workers. and a protege of shinzo abe, the longest serving prime minister. if elected, she would become the country is first prime minister. her economic policies are expected to be investor friendly, economic policies are expected to be investorfriendly, just like her mentor. she is also known as one of the most conservative lawmakers in her party, so her leadership could likely affect the relationship with their neighbours china and south korea. the third contender is a veteran lawmaker who has previously been the secretary general of the party and defence minister. this is the fifth time he is making a bid for the topjob.
12:36 am
the fifth time he is making a bid for the top job. he has proposed reviving japan's rural areas to boost the economy and also floated the idea of raising corporate tax. he has also been criticised for not having a clear economic plan. the ldp has ruled japan for 65 of the last 69 years, but recent scandals have shaken the political factions that have controlled this once dominant party. they are no longer as powerful as they used to be. making the result of this party leadership contest more unpredictable than ever before. kobayashi gave me more insight into what is at stake in the leadership race injapan. leadership race in japan. economically leadership race injapan. economically speaking, i think the short—term effect is from the short—term effect is from the female candidate who is the most hawkish and conservative. she opposes the rate hikes,
12:37 am
which would mean easy access to money would be prolonged. also, her monetary policy would continue to be very expansionary. the market will like this in the short run anyhow. we can expect a positive effect on the stock market. ., , ., , market. companies are being warned about _ market. companies are being warned about the _ market. companies are being warned about the increasing l market. companies are being i warned about the increasing use of artificial intelligence to carry out so—called ceo flawed, but while there are worries about the rise of ai clones, some say we should be excited about a future where a clone can go to a meeting on your behalf. —— ceo fraud. this is a clone notjust of my voice but my thoughts as well, trained on my thoughts as well, trained on my public profile. hello, joe, what is it thatjoe likes to do for fun? what is it thatjoe likes to do forfun? i what is it that joe likes to do for fun? ., ,
12:38 am
what is it that joe likes to do forfun? . for fun? i en'oy participating in for fun? i enjoy participating in marathons, _ for fun? i enjoy participating in marathons, triathlons- for fun? i enjoy participatingj in marathons, triathlons and wild swimming, i like golf and iam a wild swimming, i like golf and i am a movie geek.— wild swimming, i like golf and i am a movie geek. aside from the lona i am a movie geek. aside from the long delays, _ i am a movie geek. aside from the long delays, it _ i am a movie geek. aside from the long delays, it works - the long delays, it works pretty well one—to—one. what if i send it to a work meeting? they are more about attending meetings than doing the whole job. keeps things interesting, though. job. keeps things interesting, thou~h. , ., though. there is growing excitement _ though. there is growing excitement for _ though. there is growing excitement for the - though. there is growing| excitement for the clones across the industry. the ceo of xoom says in the future we can off—load some of our more mundane meetings to the box. it sounds bonkers but things are moving fast, and of course criminals are experimenting too. police in hong kong investigated after cyber fraudsters used ai face and voice cloning to trick an employee during a live video meeting. $25 million was transferred in the fake deal in february, thought to be the first case of criminals using live cloning tools to carry out so—called ceo fraud.. but voice
12:39 am
imitation has become more common. it imitation has become more common-— imitation has become more common. ., , ~' common. it was quite lifelike. later in the — common. it was quite lifelike. later in the process _ common. it was quite lifelike. later in the process when - common. it was quite lifelike. later in the process when i . later in the process when i forwarded them to someone who has known him for years, he said, ok, that actually could be him. ., , said, ok, that actually could be him. .,, ., _ be him. martin was targeted by criminals who _ be him. martin was targeted by criminals who sent _ be him. martin was targeted by criminals who sent voice - be him. martin was targeted by criminals who sent voice notes | criminals who sent voice notes that sounded like his new boss, and almost convincing to transfer £800,000 to them. thea;r transfer £800,000 to them. they onl need transfer £800,000 to them. they only need a _ transfer £800,000 to them. they only need a few — transfer £800,000 to them. tue: only need a few seconds transfer £800,000 to them. tte: only need a few seconds of speech to work with and they pick up the mannerisms, the way and the language, the way it is used, quite believable. but what about _ used, quite believable. but what about sending a full ai clone on your behalf for noncriminal purposes? this is the weekly tech news planning meeting. the weekly tech news planning meetinu. ., , ., the weekly tech news planning l meeting._ good, meeting. how is it going? good, thank you- _ meeting. how is it going? good, thank you- i _ meeting. how is it going? good, thank you. i said _ meeting. how is it going? good, thank you. i said it _ meeting. how is it going? good, thank you. i said it was - meeting. how is it going? good, thank you. i said it was ai - meeting. how is it going? good, thank you. i said it was alto - thank you. i said it was al to start with, — thank you. i said it was al to start with, the _ thank you. i said it was al to start with, the blinking - thank you. i said it was al to start with, the blinking was l thank you. i said it was alto i start with, the blinking was so weird — start with, the blinking was so weird. , , ., ., weird. this is fooling no one, but its creator _ weird. this is fooling no one, but its creator says _ weird. this is fooling no one, but its creator says there - weird. this is fooling no one, but its creator says there is l but its creator says there is definite potential. tt t
12:40 am
but its creator says there is definite potential.— definite potential. ifi say, he , i definite potential. ifi say, hey. i have _ definite potential. ifi say, hey, i have an _ definite potential. ifi say, hey, i have an assistant, l definite potential. ifi say, l hey, i have an assistant, ai, you have completely different expectations. the technology, it costs a lot of money to do right, but everything gets cheaper, and it happens so fast. �* , , ., fast. all the perils and positives _ fast. all the perils and positives of _ fast. all the perils and positives of ai - fast. all the perils and positives of ai clones l fast. all the perils and i positives of ai clones are coming at us fast. clearly we will have to stop working a lot harder to make sure we know who is on the other side of the screen. if only i could send a clone to do thisjob! that if only i could send a clone to do this job! that is if only i could send a clone to do thisjob! that is it do this job! that is it for this edition of business today, thanks for watching.
12:41 am
hey, i'm ben, and this is the catch—up. tonight, the future of ai, record—breaking tours and a very tall duck. but first, israel's prime minister has told the military to continue fighting the armed group hezbollah in lebanon. both sides have been carrying out airstrikes, despite calls from the uk and other governments for a pause in the fighting. over 550 people have been killed in lebanon since monday, and more than 90,000 have had to leave their homes. hezbollah says it's acting in solidarity with palestinians in gaza. israel says it aims to remove hezbollah's threats.
12:42 am
some other stories now. two people have been arrested following the death of alice webb, a woman believed to have had a brazilian butt lift, or bbl. it's a procedure designed to enhance a person's bum by injecting it with filler. it's not illegal in the uk, but a number of councils have banned it. meta has unveiled the next steps of its ai project. ceo mark zuckerberg showed off some smart glasses and confirmed the meta ai chatbot will be able to talk in the voice of both damejudi dench and john cena. and coldplay looks set to break taylor swift's wembley record. the band will play a massive ten nights at the stadium and have promised not to use the system where tickets get really expensive if there's high demand. time for ten seconds of something quackers now. radio one dj greg james has held a memorial for longboy, a duck that went missing from the university of york. a statue was unveiled,
12:43 am
before a minute's quacking in his honour — rip longboy. you're all caught up now. have a good night.
12:44 am
hello and welcome along to sportsday. i'm sarah mulkerrins. coming up on the programme — down to ten men after seven minutes, but no problem for spurs as they get their europa league campaign under way. back in action after his us open victory,
12:45 am
jannik sinner gets off to a winning start at the china open. and the son of a famous american father hoping to make it big in basketball in the uk. you're very welcome along to the programme, wherever you are watching around the world. we will start then with the europa league, where ten—man tottenham secured a convincing 3—0 victory over azerbaijani side oarabag after the match was delayed by over half an hour due to travel disruptions. spurs were reduced to ten men after those seven minutes when radu dragusin was shown a red card, but four minutes later, brennanjohnson put the english side ahead. sarr doubled the lead seven minutes after the break. so it was dominic solanke then who sealed the win late
12:46 am
in the second half.

16 Views

info Stream Only

Uploaded by TV Archive on