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tv   Business Today  BBC News  November 12, 2024 2:30am-2:46am GMT

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i'm katie silver let's begin in the us. the dowjones notched a record high on monday, while the s&p 500 topped 6,000. bitcoin as well briefly hit above 89,000 for the first time ever. the positive momentum comes as donald trump's election victory continues to boost sentiment. ritika gupta has the latest from new york. us stocks rose for a fifth straight session on monday with the s&p 500 topping excels in for the first time and the dow jones industrial average hitting a fresh record. investors continue to bat those traits will benefit from president—elect donald trump's agenda. economically sensitive she has also outperformed with the 2000 index of smaller firms claiming to the highest since 2021. because the watch gauge of banks rose in anticipation of banks rose in anticipation of deregulation and lower taxes under a donald trump
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presidency. while most big to expel with nvidia down over 1.5%, tesla bucked the trend is part of the broader so—called trumpet trade investors piled into elon musk�*s if you make a confident a second trumpet term will bring windfalls to the company. the stockjumped 9% on monday. meanwhile the bond market was closed for better and stay with the election out of the way investors will turn their attention to inflation data on wednesday and more fed speak later this week. staying with the us, one area that the incoming president — donald trump — will play a crucial role in — is artificial intelligence. so far the president elect has been vocally against regulation in the sector — saying it stifles innovation. this means big things for the biggest tech companies including apple, meta, google, to name a few. and then, there is that newly struck friendship we're seeing between trump and elon musk — the boss of tesla. for a closer look at big tech and the next white house administration, let's speak to industry expert dan ives.
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he says this is a champagne moment for big tax. this is a cut the popcorn out moment because tesla is the best i can happen, autonomous will get vastrakar, the spiderweb that elon musk has with essentially more or less moves away, and also for big attack you want elon musk to have a set at the table when it comes to china tariffs, ai, thatis comes to china tariffs, ai, that is dieck overall for tech. he made a poker move for the ages heading on trumpet and will pay on in trillions for tesla. �* , . ~ will pay on in trillions for tesla. �*, ., ~ ., tesla. let's talk about the manufacturing _ tesla. let's talk about the manufacturing hubs - tesla. let's talk about the manufacturing hubs many| tesla. let's talk about the l manufacturing hubs many of these companies like apple have in asia. trumpet last time had these big tariffs, was very strong against china. will that be a potential negative when it comes to them being able to buy their products and get them manufactured in asia? i don't think so, _ manufactured in asia? i don't think so, i — manufactured in asia? i don't think so, i think _ manufactured in asia? i don't think so, i think you - manufactured in asia? i don't think so, i think you will- manufactured in asia? i don't think so, i think you will have a balance for apple on the supply chain when it comes to others. the street view is if
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you don't have a typical bill leak bureaucrat next to trumpet it is elon musk, he understands ai and the supply chain as well as anyone. that's why for big tech along with a red sweep jump tech along with a red sweep jump in the white house, this will be a alton era for big tech, dealmaking will accelerate and regulatory it will dramatically give an environment for big tech and a sigh of relief.— sigh of relief. you mentioned the golden era, we _ sigh of relief. you mentioned the golden era, we are - sigh of relief. you mentioned | the golden era, we are talking about the golden era when it comes to artificial intelligence. many countries are jostling to be world leaders in its integration and technology but also its regulation. what is a trump when in for al in the us going forward? , , , , ., forward? this is the best that could happen _ forward? this is the best that could happen because - forward? this is the best that could happen because it - forward? this is the best that could happen because it is i forward? this is the best that could happen because it is a l could happen because it is a fourth industrial revolution taking place with a mass exhaustion of ai in the government and the infrastructure products will be around ai and that's big for
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microsoft, google, amazon, the defence side, regulatory is in the right going 30 miles an hour. in bugatti going 90 in the left lane will accelerate under a trump white house. japan's new prime minister shigeru ishiba is betting big on the country's chip and artificial intelligence sectors, pledging $65 billion in subsidies and financial incentives until 2030. the plan is aimed at supporting production of next generation chips, and will be presented at the government's next parliament session. 0ne likely beneficiary is state—backed rapidus, which wants to mass—produce these cutting—edge chips. south korea's government introduced legislation giving chipmakers subsidies as it readies for the policy changes from the trump administration injanuary. turning to e—commerce and one of the biggest retail events — singles day, which kicked off yesterday. 0riginating in china, it has become a major discount
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day for big platforms such as alibaba, jd.com and pdd. but there's been a lot of data recently pointing to a slow down in the world's second largest economy. retail marketing expert, ashley dudarenok. give us insight into what this means for the consumer. it is, this year. previously double 11 was all about by by by, it was a frenzy that was crazy. today we sent about 50% of shoppers saying they were excited in october for this upcoming double 11. in contrast in 2021 76% upcoming double 11. in contrast in 202176% were upcoming double 11. in contrast in 2021 76% were excited. upcoming double 11. in contrast in 202176% were excited. this year it is a lot more rational which means people don'tjust buy cheap stuff in bulk. what they do is they buy things they need, they need a nice jacket and thereby a nice jacket, they want to change their home appliances and they do that as well. some of the emotional consumption stuff is also happening. beyond that people
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used to prepare for double 11 quite a lot, lots of spreadsheets, they were trying to understand the complicated rules of e—commerce platforms of how to get the best deal but right now people feels a lot less pressure and when it comes to growth double 11 is still growing butjust a lot slower than before. 0fficial numbers are not our because they are not releasing them but 156.4 billion goods were sold last year and this year we are probably seeing about two to 3% increase on that. while both alibaba and jd.com did not disclose actual sales this year they said they are sent a record number of shoppers at this years week—long event that ended on monday. have you ever wondered how the latest technology is changing our flying experience? latest technology is changing ourflying experience? the our flying experience? the airline ourflying experience? the airline passenger experience expoin airline passenger experience expo in long beach, california is the place to go. if you are curious about the latest
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innovations to help us enjoy the in—flight experience more. my the in—flight experience more. my colleague went to the expo and sent us this report. the airline industry _ and sent us this report. the airline industry is _ and sent us this report. tue: airline industry is soaring, revenues are projected to hit a historic high approaching $1 trillion. how are carriers channelling this influx of cash into the next chapter of flying? 0ne into the next chapter of flying? one of the distinctive things about flying is the fact that the crew are all in uniforms but have you ever thought about the challenge of trying to get a staff of 80,000 people who did out in uniforms when they are based all around the world? one company that has and i'm joined by the co—founder and ceo. united airlines is one of your customers, what is the best case use for this technology, body scans?— body scans? typically in a traditional— body scans? typically in a traditional processor - body scans? typically in a| traditional processor could take — traditional processor could take up— traditional processor could take up to an hour or maybe two hours _ take up to an hour or maybe two hours per— take up to an hour or maybe two hours per staff member to measure _ hours per staff member to measure and try on various different garments to get that fit right. across defence, aviation. _ fit right. across defence, aviation, and theme have proven
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we can— aviation, and theme have proven we can reduce that process the chilli _ we can reduce that process the chilli down to about 60 seconds. you want to raise your hand _ seconds. you want to raise your hand a — seconds. you want to raise your hand a little higher and have it in— hand a little higher and have it in outbound box. the pilots and the crew, _ it in outbound box. the pilots and the crew, more - it in outbound box. the pilots and the crew, more time - it in outbound box. the pilots and the crew, more time in i it in outbound box. the pilots i and the crew, more time in the air and less and the crew, more time in the airand less time and the crew, more time in the air and less time spent getting the new uniform?— the new uniform? correct and for a brand — the new uniform? correct and for a brand like _ the new uniform? correct and for a brand like united - for a brand like united airlines customer support, cabin— airlines customer support, cabin crew pilots of the face of the — cabin crew pilots of the face of the brand and so that interaction with the clients and — interaction with the clients and the _ interaction with the clients and the customers and passengers are so important so corporate — passengers are so important so corporate brand outlook is criticat _ corporate brand outlook is critical. ., , , ., , corporate brand outlook is critical. ., , , ., critical. consumers are used to usin: critical. consumers are used to usinr qr critical. consumers are used to using or codes _ critical. consumers are used to using or codes when - critical. consumers are used to using or codes when it - critical. consumers are used to l using or codes when it comes to dining out or going to a concert, what about uploading your documents before you get to the airport? this is an increasing trend we see in the airline industry and one company that makes that technology is scan, 0liver company that makes that technology is scan, oliver is a product manager here. toss my about the technology? what we do is enable— do is enable capturing data with smart _ do is enable capturing data with smart devices - do is enable capturing data with smart devices like - do is enable capturing data . with smart devices like tablets or phones that help employees screen — or phones that help employees screen line that process and
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dedicated scanning devices that the you — dedicated scanning devices that the you so far. pulling up information on luggage in real time _ information on luggage in real time so — information on luggage in real time so you can see through this— time so you can see through this ar_ time so you can see through this ar overlay.— time so you can see through this ar overlay. and you can see multiple _ this ar overlay. and you can see multiple bags _ this ar overlay. and you can see multiple bags at - this ar overlay. and you can see multiple bags at once? l see multiple bags at once? exactly. there are multiple things— exactly. there are multiple things you can do in this case like _ things you can do in this case like showing information, if you — like showing information, if you need _ like showing information, if you need to find a specific luggage like which one it is, out of— luggage like which one it is, out of att— luggage like which one it is, out of all of these,...| out of all of these,... i see it as quick— out of all of these,... i see it as quick transfer - out of all of these,... i see it as quick transfer there, i it as quick transfer there, change terminal. this technology could help make sure i don't lose my baggage? exactly. i don't lose my baggage? exactl . ., i don't lose my baggage? exactl . . i don't lose my baggage? exactl. ., ., ., exactly. that you have it, a glimpse — exactly. that you have it, a glimpse at _ exactly. that you have it, a glimpse at how _ exactly. that you have it, a glimpse at how innovations exactly. that you have it, a - glimpse at how innovations are notjust glimpse at how innovations are not just cutting glimpse at how innovations are notjust cutting costs are changing the flying experience. michelle fleury, bbc news long beach, california.— beach, california. long beach, california, _ quite a nice deployment. several airlines have halted flights to haiti after a passenger plane from the us was hit by gunfire as a try to land in port—au—prince. the spirit elements quite from fort lauderdale was devoted to the
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dominican republic rate landed safely at santiago airport. american airlines and jack lew have now also suspended operations to the country. before we go, delegates of the cop21 before we go, delegates of the cop2i climate summit have approved new standards for a global carbon market. a key component of the paris agreement and at reducing greenhouse gas emissions. the agreement which took years to reach will allow richer countries to offset carbon pollution by investing in clean energy projects in poorer countries. and that is it for this edition of business today, thank you for watching, to stay with bbc news.
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i'mjulia with i'm julia with the catch up. tonight, cop2i nimes warning, a barbie blunder and gus the penguin explorer. but first the uk and europe fell silent for two minutes at 11 am to mark gepp his agreement to and world war i. keir starmer spent in paris the president promising unwavering support to ukraine. the music world has been remembering we pan, read or a gavin emotional tribute at the mas last night. he gavin emotional tribute at the mas last night.— gavin emotional tribute at the mas last night. he brought so much “0 mas last night. he brought so much joy to — mas last night. he brought so much joy to every _ mas last night. he brought so much joy to every room - mas last night. he brought so much joy to every room he - much joy to every room he walked into and he left such a mark on this world. has walked into and he left such a mark on this world.— mark on this world. as for whose laptop _ mark on this world. as for whose laptop awards, - mark on this world. as for - whose laptop awards, supreme and carpenters espresso got best song, tyler banked three wins but top of the list with four was... wins but top of the list with four was. . ._ wins but top of the list with four was. . .— four was... hey guys it's taylor- _ four was... hey guys it's taylor- i _ four was... hey guys it's taylor. i am _ four was... hey guys it's taylor. i am coming - four was... hey guys it's taylor. i am coming to l four was... hey guys it's i taylor. i am coming to you four was... hey guys it's - taylor. i am coming to you from the errors tour and i 1544 00:1
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