tv [untitled] October 14, 2024 3:30am-4:01am BST
3:30 am
i'm steve lai. markets in china are now online, trading over a percent higher. that's despite the finance minister's highly anticipated briefing on saturday, which in many ways fell short of expectations. while no concrete steps were unveiled, lan fo�*an said beijing will start taking on more debt to stimulate growth. he also announced some additional measures to stabilize the property and jobs market. economists have been insisting that china needs additional fiscal support, especially if the world's number two economy is to meet its 5% growth target for the year. economist harry murphy cruise explained if that's still possible. i think what we got over the weekend ticked most of the right boxes or said the right things but, as you mentioned, it was lacking in a couple of key areas. the first thing, the detail. we simply do not know how big these new supports will be, when they will be implemented, how they be implemented and, for a lot of investors, that really did leave them wanting more. the other key thing lacking
3:31 am
was support for households. it's a key part of the household that has been struggling. it is crying out for more support. we had expected a bit more of support to be announced over the weekend. the fact that it did not was disappointing from our end. in terms of whether china can hit that around 5% target for the year, the supports that have been announced already, and that includes supports from the people's bank of china in the backend of september, probably at around 0.1 percentage points to growth this year. so, for that, to us, that puts it in the ballpark of hitting that target. we also expect next year to look be better. clearly, officials are looking to support the economy more going forward. it is coming in dribs and drabs but it should make 2025 look better as well. it seems the government is signalling its intention but not going to march into the detail, which is frustrating for you, i would imagine.
3:32 am
there are probably to make key aspects for that. the first as they do not want to be reactive to what markets are saying and want to take it in a methodical approach or also, what is going to happen in november with the us election certainly something that officials are watching in china, if we do see the former president trump returned to the white house, he has flagged some pretty significant tariffs on chinese exports. what us imports from china. if we do see that we will see officials ramp up stimulus more, so they are holding off on that — not wanting to use it too early. what's your main takeaway from the announcements how are china's imports and exports doing? will the new measures help improve trade? that held up really well, despite... that is expected to continue really buoyed by sectors of the economy that china has been supporting. things like electric vehicles, solar panels as well.
3:33 am
that should see some pretty solid export numbers continue through september. the input side has been very weak. as i mentioned, households have been really nervous. they are not spending, that means not only buying things from the domestic economy but not really buying from overseas as well. it's been a big day for elon musk, as the fifth test flight and landing of spacex's starship rocket was a resounding success. this is the first time musk�*s company has caught the over—20—storey—tall booster, as it returned to the launchpad in texas. it marks a huge milestone in the history of space exploration, with the fully reusable starship system aiming to become a new method of flying cargo and people beyond earth. nasa also plans to use the rocket to return astronauts to the moon. elsewhere, a month—long strike at aircraft maker, boeing, has led to 17,000 job cuts at the company. that translates to roughly about 10% of its workforce. in an email to staff, chief executive kelly 0rtberg said the redundancies will be made across all levels of staff, including managers and executives. boeing also pushed back the delivery date
3:34 am
for delivery of its 777x aircraft amid the work stoppages. workers at boeing's main factory in seattle have been asking for a 40% pay rise over four years, and have not been able to reach a deal with the company. as hurricane milton leaves a trail of destruction across the country, the economic fallout is just beginning to take shape. president biden was in florida over the weekend, where he pledged $612 million in support for the affected communities. from damaged infrastructure to business disruption, this storm is expected to amount to losses of billions of dollars. jon schneyer from corelogic laid out the range of the damage caused and the financial toll when it comes to rebuilding. it is not too early to start getting a sense of what kind of damage milton caused in florida, across the peninsula. what we are feeling now is that the worst—case scenario of where milton could have made
3:35 am
landfall was avoided and the total economic damage insured and uninsured fallout will not be as bad as some of the pre—— landfall estimates were, just given how the track evolved evolved as it made landfall. how do you calculate the impact of a hurricane such as milton? it is notjust the immediate damage to homes and infrastructure, it is also the ability of businesses to carry on functioning? absolutely. we haven't a way to calculate losses — we can calculate business interruption — business interruption accounts notjust for commercial properties not being able to open for business, but the additional expenses that come from individual homeowners who might need to find other sources of lodging if they cannot access their home. all of these costs we can sort of approximate. we look at the number of homes, the number of businesses in the area that would be impacted
3:36 am
by hurricane—force winds, devastating storm surge, rainfall induced flooding, and come up with what we call a total economic damage to that insurable property. president biden has paid $620 billion in support. the first line of support when it comes to recovering from natural disasters is insurance and if you are insured that financial support will be an enormous benefit to recovery, to help cleanup and rebuild. for those who are unable to get, to pay for insurance, are under insured, will rely on financial assistance from fema which will help people recover where the financial hurricane help from the insurance company would not be quite enough. people might be needing to rebuild the home from basement level up. as we look to the future,
3:37 am
these extreme weather events seem to be happening more and more and the severity more impactful as well. the cost of recovering from them is only going to go up. does that make harder for insurance companies to be able to sustain? absolutely. it will be a financial toll. the good thing is we've been feeling more and more confident about hurricane activities. the idea that there will be a higher proportion of hurricanes in the number if we increase the number of category three, category four, category five , they are more devastating when they make landfall. we know they are wetter storms in general, more rainfall and greater risk. it will pose a challenge to the insurance industry at large to be able to manage exposure concentrations, to price risk appropriately to sustain a healthy and insurance industry and that has ties into the greater real estate mortgage and lending industries as well. turning to india, adding to
3:38 am
some volatility in the markets which was brought sharply into focus this week. the abcs india correspondence is live in mumbai with all the details. following institutional investors have in fact sold more than $8 billion worth of indian stocks injust more than $8 billion worth of indian stocks in just barely two weeks. and one of the big reasons for the sell—out has been a rally in chinese stocks as well as escalating tensions in the middle east. foreign institutional investors became neck selous on friday. why global brokerages are in the long—term believe in the india story and indian markets, in the short term the valuations of indian stocks have become relatively costly and that is another reason for their exit. while investors and the markets will watch for the trends in the foreign investors move this
3:39 am
week, keep september inflation data is also something that will keep markets on their toes. it is expected to come in higher than the central bank's target of 4% because heavy rains affected availability of crops, especially vegetables, and that has kept prices higher. and remember that its key data because central bank is waiting for food inflation to come down before they can go ahead with rate cuts. and other big trigger coming this week would be the largest ever ipd indian markets have ever seen. that is of high all—day market india to raise $3.3 billion here in the indian markets. that is also keeping the red—hot capital markets in india focus globally but also a lot of activity building in because the books would open for investors today. thank you very much for that. and before we go,
3:40 am
a three—armed robot has made its debut as an orchestral conductor in germany, wielding three glowing batons. the robot guided three sections of the dresden sinfoniker in a performance of a work specifically composed to harness its unique attributes. however, the composer, andreas gundlach, said the two years it took to develop and train the machine made him realise just how wonderful a human conductor was. the deceased or our addition today. i will see you again soon.
3:44 am
3:45 am
cricket world cup. and kenya's ruth chepng'etich breaks the marathon world record, after a day to remember in chicago. welcome along — thank you forjoining us. after a shock defeat to greece last week, england and their interim manager lee carsley delivered the result they needed, with a 3—1win over finland in the uefa nations league on sunday. 0ur football reporter alex howell was watching in helsinki. it was a good night for england here in helsinki as they beat finland 3—1 in the nation's league game here this evening. goals came from jack grealish, trent alexander—arnold and declan rice
3:46 am
and it really eased the pressure on the team and in particular lee carsley, the interim coach, following that defeat by greece at wembley on thursday. as soon as the game finished, talk went back to matters of the pitch and whether lee carsley wants the job on a permanent basis. after the match he said england need a world—class coach that has won trophies. it sounded as though he was taking himself 0ut it sounded as though he was taking himself out of the running. but in his (last post) press conference he did not want to rule himself in or out. are he said he did not want to rule himself in or out and it definitely should not be taken away. he said he is thinking about picking the squad ahead of the game against greece and the republic of ireland next month. i'm constantly thinking about the squad, the team, the form of the players, who is playing with who, who do i think
3:47 am
could play together. a lot of things to take from tonight. it's given me a lot of food for thought in terms of the way we can set up against greece. the plan is simple — we have to go to greece and win and then follow—up with a strong performance and victory against the republic of ireland. definitely onto the next two games. elsewhere in the uefa nations league, greece backed up their win over england with a 2—0 victory over republic of ireland. erling haaland's norway were thrashed 5—1 in austria, whilst there were wins for malta, slovenia and north macedonia. just two matches of the group stage remain at the women's t20 cricket world cup with three of the four semifinal places still up for grabs. australia are the only side to secure their spot after a narrow win over india, whose hopes are still in the balance. that came after england thrashed scotland to edge closer to the last four. henry moeran is in the uae for us. this was a really decisive day at the backend of the group stages here at the women's t20 world cup. two matches played here.
3:48 am
england winning the first of them quite comfortably, chasing down a target of 110, with no wickets lost again scotland. it means for england in theirfinal group stage match if they beat west indies they will qualify as group winners. if they lose, they will almost certainly be knocked out with west indies qualifying. the second game of the day between australia and india saw a decisive result for australia because they qualify guaranteed as group winners. for india, the tournament hopes hang by a thread. they need pakistan to do them a favour tomorrow against new zealand in dubai. if new zealand win, they will qualify, it will be india, one of the three tournament favourites, knocked out of the competition, prior to the semifinals. england's men begin their second test against pakistan on tuesday, with captain ben stokes looking likely to make his return to the side. he's been out since the beginning of august with a hamstring injury,
3:49 am
but was bowling at full pace in the nets earlier. bowling consultant james anderson has told the bbc that he's confident stokes is ready to go. yeah, looks great. he has worked really hard on his fitness since he got injured and is looking as strong as i have ever seen him. he has had a good bowl today in the nets. i think he looks good to go. do you think you will be able to do his full stint as bowler, or has that got to be managed a bit? i think it will be managed but knowing ben i think once he gets into the game there might not be any stopping him, he willjust, he is just that sort of player. but, yeah, he is good to go and we'll have to wait and see what he can do during the game. meanwhile, the same pitch that saw england produce that impressive win in the first test is likely to be used again for the second. battling to save the series, pakistan have taken
3:50 am
the surprise decision to omit former captain babar azam and pace bowlers naseem shah and shaheen shah afridi from their 16—man squad for the final two tests. next, to tennis: world number one jannik sinner admits he's "lost a bit of his smile" during what's been a challenging year. he twice tested positive for a banned steroid, was cleared of deliberate wrongdoing but that decision is being appealed. 0n the court he's now won seven titles in 2024, after beating novak djokovic at the shanghai masters, bidding to becomejust the third player to win two grand slams and three masters 1,000 events. after the watching roger federer and djokovic, the 23—year—old italian was made to work hard in the opening set which he took on a tie break. the second was a bit more straightforward as the world number one saw out the match, 7—6, 6—3. sinner is now guaranteed to end the year as world number one and has won four of his last five against djokovic. playing against novak is one of the toughest challenge we have and obviously very, very happy how i handled the situation.
3:51 am
he was serving great the first set. i could not find a way to break him and then i played a very good breaker in the first set which gave me confidence to start off well in the second set. i'm happy about the performance throughout this whole tournament. it is obviously a very special one. djokovic went into the final hoping to win his 100th career title. that was in a week that saw his rival rafael nadal announce his upcoming retirement. djokovic, 37 now, pushed sinner hard at times and says he has no plans to stop just yet. it's not a live or die type of goal for me. i think i achieved all of my biggest goals in career. right now, it is really about slams and still seeing how far i can kind of push the bar for myself.
3:52 am
as long as i perform the way i performed actually this week, and i think i can go toe to toe with the big guys... yeah, as long as that is the case i will still feel the need to keep on competing and motivation to be out there. let's see how long that is going to last for. aryna sabalenka is closing the gap on world number one iga swiatek after beating china's zheng qinwen to win her third wuhan open title success. the world number two, top of your screen, was made to work hard for the win by home favourite zheng in a rematch of this year's australian open final. after splitting the opening two sets, sabalenka prevailed in the decider to take the match 6—3 5—7 6—3 and remains undefeated in wuhan. it's her fourth title of the year. i am really happy with the performance this week. i'm really happy to get this trophy for the third time.
3:53 am
it means really a lot to me and, yeah, that is an unforgettable week. england's dan bradbury says he'll be "looking at flights to dubai" after securing his spot at the season—ending playoff events in the united arab emirates, courtesy of winning the french open on the dp world tour, bradbury emerged from a clustered field, thanks to three straight birdies on the back nine on holes 1a, 15 and 16 to take the title by one shot from a group of four, which included compatriot sam bairstow. the win is his second on the tour and sees him climb to 25th in the race to dubai. new zealand have stretched their lead over great britain in the america's cup before racing had to be abandoned due to low winds off the coast of barcelona. trailing 2—0 after saturday, sir ben ainslie�*s ineos britannia team were penalised in the third race for failing to keep clear of the new zealand boat. a near collision there. the defending champions went on to win the race and are 3—0 up with the final expected to resume on monday. the first to win seven races
3:54 am
will take the title. kenya's ruth chepng'etich has broken the world record to win the chicago marathon. the 30—year—old clocked a time of two hours, nine minutes and 57 seconds to surpass ethiopian tigst assefa's previous record by nearly two minutes. she's the first woman to run a marathon in under two hours 10 minutes. and it was a day to remember for kenya, with chepngetich's compatriot, john korir winning the men's race with a time of two hours, two minutes, a3. it's the second—fastest time ever run at the chicago marathon, and also the fastest marathon finish this year. and finally, before we go, time to show you a moment where a young goalkeeper decided to take matters into his own hands — or should that be his feet? moritz brand is the goalkeeper for eintracht frankfurt's under—nines team but he wasn't going to let that stop him from showing off his footwork,
3:55 am
and scoring a goal himself. and what finish it was, perhaps a name to remember for the future. here he goes again. no intention of passing that ball. he knew what he wanted to do and in it went in the back of the net. from me and the rest of the team at the bbc sport centre, goodbye. hello there. for the past few days we have had colder air across the uk the risk of some frost. but over this week, things are going to be very different, because that colder air is getting pushed away, the wind direction is changing, and in the next few days we'll have a strengthening southerly wind. that'll bring some mild air all the way up from spain, but it will also bring cloud and rain. we've got that around mainly through the midlands and eastern england early on monday morning. that should tend to move away, leaving cloudy skies behind, a little bit of dampness too. the far north of england, much of scotland and
3:56 am
northern ireland though, having a good day with some sunshine, and temperatures widely reaching 12 or 13 in the afternoon, so a little bit higher than what it was on sunday. now, if we look out in the atlantic, here it's all dominated by a big area of low pressure, with some cloud and some rain. that eventually is going to head our way, but not just yet, because ahead of that on tuesday we are seeing this southerly wind develop. that in turn will bring a lot of cloud, so there won't be much sunshine. the best of it for a while probably in northern scotland. later in the day there could be rain in these western areas, particularly towards the south—west, it's certainly a risk here, but temperatures widely reaching 1a or 15 degrees, perhaps 16 or 17 in southern parts of england and wales. those temperatures could get a little bit higher, as we head into wednesday. but at the same time, we've got these weather fronts and this area of rain pushing in from the atlantic, combined with a stronger wind as well, and that wind is pushing the rain northwards across scotland and gradually eastwards across
3:57 am
england and wales. it will be a strong wind, i think, on wednesday. of course it's still a southerly wind, that's bringing in the mild air, so even where you have the rain it's mild for the time of year, but ahead of the rain there could be a bit of sunshine for a while across lincolnshire, east anglia, perhaps the southeast of england, so temperatures could reach 20 or 21 celsius, just depends how quickly the rain moves in and how widespread it is as well. we are expecting that rain to move eastwards overnight, a bit of a clearance by thursday, but we're going to keep an eye on this rain in france. that could head its way northwards into southern areas during the afternoon, rather than the showers coming in from the atlantic. but ahead of that, many places will be dry, with some sunshine for a while, and those temperatures in the southwesterly wind still very mild, 16 to 18 celsius. goodbye.
3:59 am
welcome to newsday, i'm steve lai reporting live from singapore. the headlines: china says it has lodged military drills around taiwan describing it as a warning to any separatist acts. the island �*s defence ministry condemned what it called a provocative act. israel says four soldiers have been killed by a hezbollah drone attack on an army base in the north of the country.
4:00 am
the un accuses israel of forcibly entering one of its bases in southern lebanon. a spokesperson for the peacekeepers says repeated the injured ukrainians trying to stop russia's swift advances — we have a special report from the east of the country: cheering and applause. and, jubilation at spacex: a world first, as part of its rocket is captured on landing. welcome to bbc news, broadcasting to viewers in the uk and around the world. we start with china which is it has launched military drills around taiwan, describing them as a warning to any separatist act. this map provided by beijing shows where it says it
6 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1212878697)