Skip to main content

tv   [untitled]    October 14, 2024 4:30am-5:01am BST

4:30 am
markets in china are trading under 1% higher after 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 stabilise 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 harrry murphy crusie explained if that's still possible. i think what we got over the weekend ticked most of the right boxes but was lacking in a couple of key areas, the first is the detail. we don't know the detail, when they will be implemented or how and for a lot of investors that left them wanting more. the other key thing lacking was support for
4:31 am
households. that is a key part of the economy than has been struggling, crying out for more support. we had expected a bit more support to be announced over the weekend. the fact it did not was disappointing from our end. in terms of if china can hit that around 5% target for the year, the supports announced already and that includes the supports from the people's bank of china and the back end of september probably at around back end of september probably ataround 0.i% back end of september probably at around 0.1% to growth this year, so for us that puts it within the ballpark of hitting the target but also we expect next year to look a little better. officials are looking to support the economy more going forward, it is coming in droves and robes but should make 2025 look better. the government _ make 2025 look better. the government signalling his —— its intention but not going into the detail. frustrating but white? _ into the detail. frustrating but white? probably - into the detail. frustrating but white? probably two i into the detail. frustrating l but white? probably two key aspects. they don't want to be reactive to what markets are
4:32 am
saying and want to take this in a methodical way. ithink saying and want to take this in a methodical way. i think also what will happen in november with the us election is certainly something that officials are watching in china. if we see the former president donald trump returned to the white house he has flagged significant tariffs on chinese exports, what the us imports from china and if we see that, i think we will see officials ramp up stimulus substantially more, so they are holding off, not wanting to use that to ellie. d0 holding off, not wanting to use that to ellie.— that to ellie. do you see stimulus _ that to ellie. do you see stimulus as _ that to ellie. do you see stimulus as being - that to ellie. do you see stimulus as being key i that to ellie. do you see i stimulus as being key to that to ellie. do you see - stimulus as being key to china going forward?— stimulus as being key to china going forward? definitely, one ofthe going forward? definitely, one of the pillars — going forward? definitely, one of the pillars of _ going forward? definitely, one of the pillars of any _ of the pillars of any sustainable growth path for china. we need households to be confident enough to spend. partly that will involve support for spending but there are broader policy levers that can be pulled, like widening social safety nets, measures to address inequality especially
4:33 am
rural/ urban inequality, tax reforms incentivising consumption. all these things officials have at their disposal and we want to see that start to be implemented going forward. chinese electric carmaker byd expects to boost sales in germany within six months. that's according to the ev maker's executive vice president stella li. ms li criticised the european union's tariffs on china—made evs, which are set to begin in november, calling it a loss for consumers. byd is planning to start producing cars in hungary by the end of 2025. meanwhile, we also had reports that chinese state—owned carmaker gac is considering manufacturing its evs in europe to avoid tariffs. 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 ortberg said the redundancies will be made across all levels of staff, including managers and executives. boeing also pushed back the delivery date
4:34 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, across the us, that is, the economic fallout is just beginning to take shape. from damaged infrastructure to business disruptions, this storm is expected to incur losses amounting to billions affecting everything from supply chains to consumer spending. 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. —— economic toll. 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
4:35 am
landfall was avoided and the total economic damage insured and uninsured fallout from an event like milton will not be as bad as some of the pre—landfall as it made landfall. how do you calculate the impact of a hurricane such as milton? absolutely. we haven't a way to calculate losses, we can calculate business interruption, business all of these costs we can approximate. we look at the number of homes, the number of businesses
4:36 am
in the area that would be impacted 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 $612 billion in support. that money will be crucial to helping them get back on their feet, won't it? 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, they 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 the group up. as we look to the future, these extreme weather events seem to be happening
4:37 am
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 some of these trends in hurricane activities. the idea that there will be a higher proportion of hurricanes. 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 insurance industry and that has ties into the greater real estate mortgage and lending industries as well.
4:38 am
turning to india, foreign investors have continued to exit indian equities adding to some volatility in the markets, which will be in sharp focus this week with a major ipo debut and inflation data. the bbc�*s india business correspondent archana shukla is live in mumbai with all the details. institutional investors have sold more than $8 million of stocks in barely two weeks ago made a rally in chinese stocks as well as escalating tensions in the middle east and that is why the foreign flows are moving out of india at the moment. on friday institutional investors became net sellers and why global brokerages believe in the long—term india story? in the indian stocks are relatively costlier and that is one big reason for the exit. how foreign investors move will be something the markets will this week as well, but apart
4:39 am
from that, september inflation data will be released today and thatis data will be released today and that is expected to come in higher than the central bank target of 1t%, something the markets would want to watch because heavy rains have affected availability of crops, especially vegetables, and that has kept prices high, and the central bank is holding back on interest rate cuts until food inflation comes under check so that data would be crucial, but what is keeping indian markets rate out at the moment is the upcoming debut of the largest ever ipo, hyundai india to raise funds and the books for the anchor investors would open today and that is something the markets would be watching, it has kept the activity going in the indian capital markets and is something a of investors interested to watch. something to look out _ interested to watch. something to look out for _ interested to watch. something to look out for in _ interested to watch. something to look out for in the _ interested to watch. something to look out for in the week - to look out for in the week ahead. thanks very much for
4:40 am
that, in our india business correspondence speaking to us from mumbai. and before we go, 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. time well spent, i suppose. thanks for your company here today on business today. i will see you at the same time tomorrow.
4:41 am
4:42 am
4:43 am
4:44 am
hello, and welcome to sportsday from the bbc sport centre. coming up on the program: a win for england and their interim manager in finland but despite victory in the uefa nations league, uncertainty remains.
4:45 am
australia edge out india to seal their place in the semifinals of the women's t20 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—1 win over finland in the uefa nations league on sunday. our 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
4:46 am
league game here this evening. goals came from jack grealish, trent alexander—arnold and declan rice 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. he has not won a senior trophy although he led the england under 21 side to the european championships last summer. it sounded as though he was taking himself out of the running. in his postmatch press conference, he said he did not want to rule himself in or out and it definitely should not be taken that way. said he is thinking about picking the squad again of the games against greece in the republic of ireland next month.
4:47 am
i'm constantly thinking about the squad, the team, the form of the players, who is playing with who, who do i think could play together. there's a lot of positives 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, we have to follow that 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
4:48 am
is in the uae for us. this was a really decisive day at the back end of the group stages here at the women's t20 world cup. two matches played here. england won the first of them quite comfortably, chasing down a target of 110 with no wickets lost lost against 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, their 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 pre—tournament favourites, knocked out of the competition prior to the semifinals. england's men begin their
4:49 am
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 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, he looks great. he has worked really hard on his fitness since he got injured and he's 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 a 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 will just — 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
4:50 am
test is likely to be used again for the second. battling to save the series, pakistan have taken the surprise decision to omit former captain babar azam and pace bowlers naseem shah and shaheen shah afridi from their i6—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. on 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 1000 events. after 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
4:51 am
five against djokovic. playing against novak is one of the toughest challenge we have and obviously, very, very happy how i handled the situation. i mean, he was serving great the first set. like, i could not find a way to break him. 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've achieved all of my
4:52 am
biggest goals in career. right now, it is really about slams and about still seeing how far i can kind of push the bar for myself. 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
4:53 am
title of the year. i am really happy with the performance this week and i'm really happy to get this trophy for the third time. 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 play—off 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
4:54 am
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 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 chepng'etich�*s compatriotjohn 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 —
4:55 am
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, 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. that's all from me and the team for now. goodbye. hello there. for the past few days, we've 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.
4:56 am
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 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 notjust 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 southwest — 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,
4:57 am
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 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. but 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.
4:58 am
4:59 am
live from london, this is bbc news. taiwan has condemned large—scale military exercises by china taking place on all sides of the self—ruled island. several solders are killed and more than 60 people injured in a drone attack by hezbollah on an army base in northern israel. the injured ukrainians trying to stop russia's swift advances at the front line.
5:00 am
we have a special report from donetsk in the east of the country. police in california say they detained a man with guns near one of donald trump's rallies. the us secret service says the former president was not in danger. and a three—armed robot has made its debut as an orchestral conductor in germany. hello and welcome to the programme. i'm sally bundock. we have developing news for you here coming to you from taiwan. it has condemned large—scale military drills by china that are surrounding the island, calling them "irrational and provocative". beijing, which considers taiwan part of its own territory, said the exercises were a warning against separatist acts.
5:01 am
the army, navy and air force are taking part.

4 Views

info Stream Only

Uploaded by TV Archive on