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tv   Business Today  BBC News  November 26, 2024 2:30am-2:46am GMT

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economic donald trump's latest economic plan. have you wondered what the world will look like in a century? a museum experience in london thanks to augmented reality. welcome to business today. let's begin in the us, where president elect donald trump has just said where president elect donald trump hasjust said he plans to impose an additional 10% tariff on china. this is over the alleged inflow of drugs like sentinel into the us. on social media, he said the new tariffs will come on top of up to 60% pledged on the campaign trail. the cradle with china which started in his first term so lots of tariffs imposed and the biden administration kept them. over eight years, according to estimates, those tariffs cost china nearly $80 billion. he also announced 25% tariffs on mexico and canada. a china watcher reacted to the proposals. watcher reacted to the mammals-—
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watcher reacted to the --roosals. , , ., ., watcher reacted to the --roosals. ,, ., ., proposals. this should not come as a chromatic _ proposals. this should not come as a chromatic surprise. - as a chromatic surprise. throughout his campaign, trump —— a dramatic surprise. throughout his campaign, trump proposed 20% on all us imports, so 25% for the canada and mexico is a little above that, he has also pledged 60% in china, where tariffs are currently 19% thanks to his first trade war. it's not really clear on this latest, i guess you call it tweet, i'm not sure what you call his messaging now, truth you would call it... 10% on top of the 60 or 10% relative to the 25 of mexico and canada? numbers have never been donald trump's strength, so it's a little confusing as to what he means. it's clearly consistent with his promise that he made during
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the campaign to utilise tariffs as a weapon to accomplish many of his policy initiatives. i just have to remind your audience that when he declared victory on november the 6th, he did so under the proviso of promises made, promises kept in. so he appears to certainly be delivering on that with respect to his promises on tariffs. ., respect to his promises on tariffs, ., ., respect to his promises on tariffs. ., ., i. respect to his promises on tariffs. ., ., , ., tariffs. so how do you see that relationship — tariffs. so how do you see that relationship between - tariffs. so how do you see that relationship between china's i tariffs. so how do you see that| relationship between china's xi jinping and donald trump once he takes office? i jinping and donald trump once he takes office?— he takes office? i 'ust came back from h he takes office? i 'ust came back from an _ he takes office? i 'ust came back from an 11 _ he takes office? i just came back from an 11 day - he takes office? i just came back from an 11 day trip - he takes office? i just came back from an 11 day trip of l back from an 11 day trip of asia. put it this way... i was surprised at a lot of what i heard. the asians, i think, surprised at a lot of what i heard. the asians, ithink, are steeped in denial right now. they believe trump is a very transaction —based deal—maker.
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and that he is bluffing on tariffs. that is just going to use these as a blunt instrument to force china in particular into concessions. and they cite the fact that in the first year of his first term, 2017, he met xijinping in two of his first term, 2017, he met xi jinping in two summits, of his first term, 2017, he met xijinping in two summits, one at mar—a—lago, one at beijing. and they became bodies. he put tariffs on them, but ultimately he cut a deal. —— they became trends. the deal was a horrible deal. it never worked. trends. the deal was a horrible deal. it neverworked. china trends. the deal was a horrible deal. it never worked. china to buy a $200 million more of us exports, and they missed it by 200 billion. so they didn't achieve anything. so the view
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in asia is they are going to do it again, they are looking for an early summit between xi jinping and trump in 2025, and the focus will be transactions based, and looking for the next deal. based, and looking for the next deal . based, and looking for the next deal. . . , based, and looking for the next deal. . ., , , based, and looking for the next deal. ., ., , , ., deal. china has responded to the latest — deal. china has responded to the latest proposals - deal. china has responded to the latest proposals by - deal. china has responded to the latest proposals by mr. the latest proposals by mr trump. a spokesperson said, the country has taken action to stop the flow of drugs like sentinel into the united states and mr trumps, sentinel into the united states and mrtrumps, quote, run completely counter to facts and reality. he added they both benefit from co—operation. us stock markets have edged higher after mr trump picked billionaire scott bessent to lead the treasury department. the dowjones closed at another record high. the s&p 500 also extended its record streak. forget the trump rally, this is the scott bessent bounce. the dowjones average led the way,
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jumping i%. the s&p 500 and the nasdaq also rose. but it is the bond market where yields fell sharply that you are seeing the biggest reaction. wall street loves the choice. treasury is one of the crucial roles for any administration. investors are betting scott bessent will dilute mr trump because my economic plans. the billionaire hedge fund manager said his policy priority would be to deliver on trump's tax cut pledges, he is seen as tough on government spending and more balanced on tariffs. why does any of this matter? well, the concern on wall street in recent weeks has been that trump's are gender from tax cuts to immigration to tariffs could push up the federal deficit. —— agenda. they hope you will be a moderating influence on the president's economic agenda. but given the make—up of the rest of trump's team, including howard lutnick,
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scott bessent�*s ability to soften the edges of the new administration's economic policy will face an early test. more trouble for the dhoni group. the french oil giant says it will stop making investments into adani projects after fresh bribery allegations. an indian tycoon and other senior executives at the company were charged last week with orchestrating a bribery scheme while raising money in the united states. an anti—trust trial over google's online advertising empire has gone to a close in the us. closing arguments in virginia capped a 15 day trial where prosecutors sought to show that google monopolised markets for ad services and networks. technology giants have come under increased scrutiny from regulators. augmented reality, which integrates digital information with the users'
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environment in real time, is becoming more widely used. museums used ar to enrich exhibits by overlaying content onto physical artefacts. spencer kelly visited london's natural history museum which has launched a mixed reality experience to allow guests to see how things look in to 125. deepin see how things look in to 125. deep in the heart of london's natural history museum, the exhibits are coming to life. i am surrounded by fireflies. oh, wow. visions of nature takes visitors to the year 2125, to see how the natural world will adapt to climate change and human behaviour.— adapt to climate change and human behaviour. when people think about _ human behaviour. when people think about museums, - human behaviour. when people think about museums, they - human behaviour. when people i think about museums, they often associate them with the past, may be the present. a great thing about this exhibition is it gives us a chance to talk about the future. and to
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present a view of the future. we worked with museum scientists to make sure it is credible and based on scientific process. none of us know what's going to happen in the future, these are imagined scenarios, but they are based on current science, current thinking, about what the really big challenges facing the planet are, but also what the most beneficial actions to try and address them are. i most beneficial actions to try and address them are.- and address them are. i am eye-to-eye _ and address them are. i am eye-to-eye with _ and address them are. i am eye-to-eye with a - and address them are. i am. eye-to-eye with a cuttlefish. eye—to—eye with a cuttlefish. this is a mixed reality experience. some of the exhibition is physically here, but the real stars come out when you look through microsoft's hollow lends two headsets. microsoft's hollow lends two headsets-— headsets. the device we are usina headsets. the device we are using has — headsets. the device we are using has a _ headsets. the device we are using has a lot _ headsets. the device we are using has a lot of _ headsets. the device we are using has a lot of sensors, l headsets. the device we are i using has a lot of sensors, and it can — using has a lot of sensors, and it can interact with your fingers _ it can interact with your fingers. we try to design some action— fingers. we try to design some action from the visitors that are linked to their actions. because _ are linked to their actions. because when you act on
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something, you are into the story, — something, you are into the story, and _ something, you are into the story, and when you interact, you _ story, and when you interact, you have _ story, and when you interact, you have an impact. that's what we want — you have an impact. that's what we want to _ you have an impact. that's what we want to do with that technology, to have the visitor have an — technology, to have the visitor have an impact on the story. | have an impact on the story. think if you have an impact on the story. i think if you really want to enjoy mixed reality, you have to be a bit forgiving. the technology is still evolving. for example, the images don't go right the way to the edge of your vision. they are kind of in these small windows in the centre of what you are seeing. sometimes an animal might drop off. but if you can get over that, it is a really immersive experience. as you turn your head and move around, all the creatures stay absolutely locked in the 3d space they are supposed to be in. it is an immersive experience. here is a bit of an unusual tale. the us department store macy's will delay the release... inaudible. a rogue staffer concealed more than $130 million in company costs over three years. the
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person, believed to have acted alone, was responsible for tracking expenses related to small package deliveries. macy's is postponing its quarterly sales update while it investigated the incident. billionaire investor warren buffett has renewed his thanksgiving tradition by giving away more than $1 billion in berkshire hathaway shares. they were transferred to four family foundations. he is 94 and has pledged to give away 99% of his fortune instead of leaving it to his three children. that is it for this edition of business today, thanks for watching.
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hey, i'm lola with the catch—up. tonight, fears from backpackers in laos, wicked singalong debate, and a cat rescue. more than 100 flood warnings were put in place across the uk on monday, and a major incident has been declared in northamptonshire, after storm bert battered britain over the weekend. at least five people are known to have died. many roads were turned into rivers, with some areas seeing more than a month's rain in 48 hours. one of the worst affected areas is south wales, where there's growing anger among some communities, who say warnings didn't come soon enough. some other stories now. 16 people, including two brits, are thought to be missing after a tourist boat sank in the red sea. almost 30 people have been rescued so far. egypt's army is helping with the search. the boat set off from one of the country's ports on saturday.
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laos backpackers have spoken about fears after six tourists died last week from suspected methanol poisoning from alcohol. their deaths have sent shockwaves through the backpacker scene, with some travellers avoiding shots and sticking to drinking bottled or canned beer. and would you sing along in the cinema? well, that's a question wicked fans have been faced with as they rush to see the screen version of the hit musical over the weekend. some fans ignored cinema etiquette and sang along, triggering some cinemas to impose a singing ban. time now for ten seconds ofjohn the cat. john, who is a female cat, had to be rescued by fire crews after getting stuck in a drainpipe. she had no serious injuries and her owner says she's doing well. you're all caught up. have a great night.
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hello there, and welcome along to sportsday. liverpool go eight points clear at the top of the premier league thanks to a mo salah brace at st mary's. four in a row, verstappen claims formula 1's world title under the lights in las vegas. on top of the world, rugby owners, pieter—steph du toit wins for a second time and it's a first for england's ellie kildunne.

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