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tv   Business Today  BBC News  November 1, 2024 4:30am-4:46am GMT

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apple's latest earnings report topped earnings in the quarter that ended in september. i'll correspond and tells us the iphone is in the spotlight. apple has been looking for a turnaround in a sales which has been sluggish and it got that in this most recent quarter. iphone sales were up 5.5%, early signs of demand for the iphone 16 which came out in the final days of september, and this is such an important market for this company. apple iphone sales make up about half of their revenue. we also from the ceo about apple intelligence, a suite of tools that allow customers to do everything write a better e—mail to cleaning up photos, generating movies with a simple prompt. that services came out this week and the ceo said on thursday that early feedback has been pretty positive. there is one dark spot for apple in this earnings report and that has to do with a judicial ruling in a europe that was handed up in september, this is all about the tax bill in ireland, apple having to pay 13 billion euros
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in taxes and interest resulting in a 35% hit in profits for apple in his most recent quarter. despite the better—than—expected earnings, apple says bell by around 2% in after—hours trading in new york. tech analyst bob o'donnell told us why it is so important. it is a difficult one for apple to address because of course the chinese government is presenting apple as this western force and they are trying to do more, build and meet in china, they encourage people to do that, the chinese government employees of course have to use products that are made in china. apple has the brand value. the question will be moving forward, things like services which has become a huge percentage of their revenue, how can they can continue to build
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on that in china, in addition to selling their product. that will be something to watch moving forward, how they can adapt to the chinese market with those services. boeing has approval a proposal to striking workers. offering a 38% pay rise over four years. more than 30,000 workers have been on strike for almost two months, slowing production for the company which is raising challenges on multiple runs. —— fronts. the union representing workers has approved the latest offer. with just four days until the us election, it looks to be a tight race. one of the hot topics is the immigration policies of the candidates. vice president harris said the us immigration system needs a legislative fix. meanwhile, former president trump has called for more restrictive measures at us borders. this chart shows the steady rise in migrants to the us from just before the 1980s. exequiel hernandez from the warton school explains why immigration has become so divisive. it's because we have not upgraded our system since 1990,
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so for 35 years we have had an ever—increasing discrepancy between what we need for economic, humanitarian and family reasons in this country, and because our system allows so few people compared to what we need for all of those reasons, that gap has been partially filled by irregular, unauthorised immigration. of course, that creates chaos, and one political party has seized on the chaos to great political gain, but without much of a proposal on how to fix things. the other side really has not come up with a good counter—argument, despite very good economic and social and demographic reasons for why we would benefit from immigration. that political fight is because of that discrepancy. let's talk the economy. you mentioned that. how much do immigrants contribute to the us economy and how important are they to the workforce? a lot. the entire reason the us has come out so strongly since the pandemic and because it will do better than expected in the
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next decade is because of immigration. immigrants bring five key inputs into the economy — talent, investment, taxes, consumption — and they also bring, of course, innovation, all kinds of innovation. with those of five things, you getjobs and economic growth. for example, in the us immigrants are 80% more likely to start a business than natives, which creates jobs. they fill a significant number of positions in key sectors from construction to farms to high—technology. they attract investment from their home countries. they are responsible for 36% of all patents and they have over $1.3 trillion in spending power. you tell me you do not want those things, you will not get growth in your economy. will us immigration policy impact social classes? you are an immigrant from uruguay. do you see potential impact on the election when it comes to well—paid foreign talent? yes, of course, we have a shortage of both skilled and unskilled immigration.
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we educate millions of the world's best and brightest in our universities but we keep less than a quarter of them. we only give 85,000 temporary visas to skilled workers when businesses demand more than 500,000 and so our policy is essential to attract highly skilled immigrants as well as the other kinds of immigrants that power our economy. another big election issue is fracking with voters in pennsylvania supporting fracking. but there have been questions about what kamala harris�*s policies will look like. harris's policies will look like. ~ ~' harris's policies will look like. ~ ~ ., ., like. we think as we get into a new administration _ like. we think as we get into a new administration they - like. we think as we get into a new administration they will . new administration they will take that into consideration and also consult with the industry on what is appropriate and i think we take a balanced outlook on working with both and having the best outcome and we think again there is a natural need for an energy increase as we go forward and
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either party is going to have to meet that demand by putting in the appropriate measures. how are you looking at the transition away from fossil fuels — transition away from fossil fuels and how are you managing those _ fuels and how are you managing those goals? i think about this in the — those goals? i think about this in the light of the election coming _ in the light of the election coming up and the potential policies _ coming up and the potential policies that could be put in place — policies that could be put in lace. , , ., policies that could be put in nlace. , , ., ., place. this is not about reducing _ place. this is not about reducing energy, - place. this is not about reducing energy, it - place. this is not about reducing energy, it is l place. this is not about - reducing energy, it is about energy expansion and the transition is made of and all of the above strategy. renewables will grow. at the same time renewables will not meet all of the demand from the increasing population and also increasing population and also increasing appetite to use energy and so we need to look to natural gas, need to look to alan g and as we look at 2020 22040 we see energy demand increasing by 10%, look at gas
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increasing by 10%, look at gas increasing by 10%, look at gas increasing by 20% and lng increasing by 20% and lng increasing by 20% and lng increasing by more than that. natural gas is an opportunity to help us as we go forward in reducing emissions. for all the latest updates on the us election, visit our website for live coverage leading up to polling day on 5 november. right now we are reporting that jennifer lopez is at that rally in las vegas, is set to join kamala harris on the stage. here's a fun fact. did you know that hello kitty turns 50 today? it makes me feel quite young. it is a japanese icon. the creator has cemented its position as a trillion yen company. 0ur correspondent caught up with the chief executive. meet one of the best loved creations, hello kitty. as she celebrates her 50th anniversary, she even got a birthday wish from... a very happy birthday
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to hello kitty. this is the company behind hello kitty and all the other characters, but despite the popularity, the firm was struggling to be profitable until the new chief executive started in 2020. he took the top job at the age of 31, making him the youngest ceo of a listed company injapan. how did he turn it around? and put emphasis on seniority? translation: it would be a lie if i said there was no push - back. but to reform a 60—year—old company, we could not change based on what we already knew. i've noticed a lot more promotions or collaborations of these characters even in singapore in the last few years. did you change your overseas marketing strategies? translation: one of our | business models is licensee business. it has become the core for our overseas strategy.
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we get paid royalty and in return our characters get the exposure in the market. there's an advertising effect. as a result, hello kitty with whom in a strange coincidence the ceo shares the same birth day, has lost the top spot is the most popular character. translation: in terms of sales, hello kitty is still our _ strongest character. cinema roll is the most popular but when it comes to character recognition and the searches for history, they were both created by hello kitty. the issue was they were not sustainable which meant high volatility. that is why we decided to create and market other characters to reduce the volatility. even if the boom dies down, the new characters can cover it. it is not about lowering their popularity, but about boosting other characters' recognition and popularity. the revamp has paid off,
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transforming the company into a tillion—yen house of characters. i want to show you pictures of kamala harris cos mack rally, she has just finished speaking in las vegas. a very close election. we are expecting jennifer lopez to be there as well. thanks for watching bbc news.
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hey, it's lucy with the catch up! tonight: the latest from spain. elon musk doesn't show up to court. and dogs celebrating halloween. but first, buffer zones are now in place around abortion clinics in england and wales. it's now illegal to protest within 150 metres of a centre. people who break this law face an unlimited fine. the safe zones aim to protect women accessing health services. critics say it comes at the expense of freedom of speech. some other news — an update on the deadly floods in spain. the number of people who have died has risen to more than 150. and many people are still missing. but rescue teams have been working non—stop
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to save residents, including this one—year—old baby who was airlifted to safety. it's only days until the us election and elon musk missed a court hearing. the billionaire is facing charges over his million—dollar giveaways to voters in key states that could swing the result of the election. he denies he's broken election law. and russia has fined google more money than there is in the entire world. that's around 20 billion, trillion, trillion dollars. it's for restricting russian state media channels on youtube. google hasn't responded. and now ten seconds of these really cute rescue dogs who have been getting in the halloween spirit. dogs trust in kenilworth took these photos of their residents to try and help them find their forever homes.
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effie is one of the dogs in need of a home. the charity says she is "an independent girlie". that's us, have a good one!
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hello and welcome to sportsday. i'm tanya arnold. the wait goes on — ruben amorim says a decision on whether he will go to manchester united will be known after sporting's game on friday. new zealand defend the haka after the england prop called it ridiculous. and it's celebration time in la as the dodgers arrive home after winning baseball's world series.
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as sagas go, it is not necessarily the longest but ruben amorim's prospective appointment as the new manchester united manager has certainly seemed like one. over the last few days, he has appeared to inch closer to old trafford but he says we will have to wait one more day before the saga comes to the end that everyone expects. hugh ferris has been following the developments. despite everything pointing to ruben amorim joining united, it is yet to be formally agreed or indeed announced, some manchester united fans were told by the club's sporting director that it was a done deal as he posed for pictures ahead of united's game against leicester but the man himself was in portugalfacing the media there, looking ahead
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to the next game on friday.

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