i want to return -- deloitte. i want to return to a conversation we had with ivanka and will burr. as we think about our skill sets, in new york city, our public high school graduation rate is at 0%. but the readiness of our students for college and careers is only 37%. it's assessed at 37%. so as we look at the pace of change, we look at the digital transformation we see in business and the marketplace and we look at the skills that we -- the disconnect between what employers need and what our students coming into our work forces are prepared to deliver, it would be great to get your thoughts on the priorities of the administration around

he is the chief economist at deloitte china, based in beijing, but great to have you in sydney.ne of the things you say is a warning that china should take trump seriously about what? >> about bilateral trade. complicatedabout supply chains, value added, but in the end, the trump administration is taking so-called surplus countries very seriously. chinese are on the top of the list, followed by germany and japan. more importantly, some people have attributed a very large bilateral trade surplus to certain states, very protracted job losses among blue-collar workers, so china should take trump seriously. haidi: do think on that indicator a loan that they were label china a currency manipulator? >> i don't think that is the case. i think everyone knows that china is trying really hard to keep the renminbi exchange rate stable. otherwise today's exchange rate would have been seven against the dollar, so try no china is g very hard, so i don't think currency manipulation is an issue. access isrket an issue. this chart is a correlation between foreign reserves and the yuan. isare in

president, kathy ingle bert with deloitte.nt to return to a conversation we had with ivanka, dean and wilbur on jobs, the workforce of the future. and so, as we think about that and we think about our skill sets -- in new york city alone, our public high school graduation rate is at 70%, but the readiness of our students for college and careers is only 37% -- is assessed at 37%. so as we look at the pace of change, we look at the digital transformation we all see in business, in the marketplace, and we look at the skills that we -- this disconnect between what employers need and what our students coming into our workforces are

made a pre—tax loss of £110m, after two consecutive seasons in the black, according to figures from deloitteut follows two successful trials in south africa. the technology works in the same way as it does with mobile phone payments: users must have their finger over the sensor when making a purchase. is it foolproof? not completely, according to to security experts, but they say it‘s a "sensible" use of biometric technology. and celebrities in the us have been warned to clearly identify when they are promoting products on instagram in return for payment. the consumer regulator sent letters to more than 90 individuals and marketing firms, though it has not revealed who was put on notice. it is the first time the regulator has intervened on the issue which critics call the "wild west of disguised advertising". a quick look at the markets. it‘s not a hugely active market at the moment. we have seen the oil price falling back a little, the oil companies falling back a little bit. if you look at how the ftse has performed since the beginning of the year, for the first time, is down a little bit.

league football clubs posted record revenues of £3.6 billion in 2015—16 — according to research by deloitternings table for the first time since the 2003/11 season — with revenue of £515 million. still, the top 20 english clubs made an overall pre—tax loss after two seasons of profit — hit by higher player wages, operating costs and other one—off charges. japanese exports saw their biggest gain in more than two years in march — a sign of optimism for the world's third—largest economy, which also boosted asian markets. let's go to sharanjit leyl, who's in our asia business hub in singapore. a real boost for exports? that's right. exports in japan a real boost for exports? that's right. exports injapan growing 12% in march led essentially by a strong demand for auto parts, optical instruments such as mobile phone parts and tools to make semiconductors. while imports were also up nearly 16%, which is mainly to buy all the coal, oil and energy needs to fuel the economy. we also heard from the international monetary front, they have just rooted japan's economic forecast, projecting a 1.2% annual

it's probably a bit early to say we are totally out of the woods but things are looking better for deloittea thorn in their side, as well. interest rates still a thorn in theirside, as well. —— interest rates still a thorn in their side, as well. —— looking better from lloyds bank their side, as well. —— looking betterfrom lloyds bank and their side, as well. —— looking better from lloyds bank and the wider banking sector, as well. ina in a press conference from the ceo from lloyds bank, he doesn't expect any rise in uk interest rates. quite tricky to predict. what do you do? the rest of the banking sector has fallen, so that might have fed into that. quite interesting. that could be a good point. you're watching business live — our top story: the us president, donald trump, he has done it again, this time he has told mexico and canada that he wants told mexico and canada that he wants to renegotiate, not scrap, the north american free trade agreement despite during the entire campaign he said it was the worst trade deal everin he said it was the worst trade deal ever in american history. l

it got deloitte in to have a look at conditions and says that the report was not balanced in its viewron here, what's the difference between sport direct and jd? up, what's going on there? yes, there are some big differences between the two companies. jd, unlike sports direct has very good relationships with suppliers. that means it can get exclusive product. it puts a lot of energy into making sure its stores look great and that draws customers in. it is benefiting too from this leisure trend of people wearing trainers for every purpose. briefly, they have been talking about brexit and about what it will mean for the business. talk us through what they make of it all? well, like lots of retailers they have forecast uncertainty. you have got things like the decline in value of the pound. however, they're confident they have got a business model and they're doing the right things and they can trade quick successfully through it. george, thank you very much. i want to take you to the business live page because all sorts of results are coming through. news from heathrow. growth up at hea

i want to return -- deloitte. i want to return to a conversation we had with ivanka and will burr. as we think about our skill sets, in new york city, our public high school graduation rate is at 0%. but the readiness of our students for college and careers is only 37%. it's assessed at 37%. so as we look at the pace of change, we look at the digital transformation we see in business and the marketplace and we look at the skills that we -- the disconnect between what employers need and what our students coming into our work forces are prepared to deliver, it would be great to get your thoughts on the priorities of the administration around education, around, again, what i like to call, not the future of work but the work of the future, because the future of work sounds a little ominous but the work of the future sounds pretty visionary. if you could give us those priorities. president trump: so you're giving me numbers from new york. you're a proud new yorker but you're giving me numbers. why sit doing so badly? why are the numbers so horrific they s of education and graduate from

deloitte says the stimulus maybe 20%, but it looks like their deficit is trending down as well.you so much. a lot of exciting news out of australia this week. washington here is turning up the heat on north korea, warning all options are on the table following its latest missile test. trump has been talking to all of the allies, and the carl vinson has arrived. we got an interview over the weekend, noting the north korea leader is one smart cookie. >> it is not a surprise it is coming from president trump here he is doing a diplomatic push across asia with the u.s.'s allies, singapore in particular. he talked with them on the phone. he spoke with the philippine president. he is also scheduled to speak with thailand leader in the next several hours potentially by the time morning comes around. as for the diplomatic push, there is a war of words. you can see north korean media now flaming the u.s. and south in themilitary drills regional seas around the korean peninsula. betty also mentioned the uss carl vinson, that is stoking tensions. earlier in the week, nhk released this vide

he currently manages tax policy at deloitte. i am not super confident it will be enacted this year. congress will work very hard at it. it is long overdue. our high tax rate is not sustainable. taxmultinational business rate is really antiquated. difficult is a very process, which is one of the reasons we have not seen it done and more than three decades. vonnie: why is it so difficult when the republicans control all three parts of government and are in general agreement about curbing taxes at least? jonathan: well, there is need for reform, but to do it in the way republicans envision, you need to come up with a number of base brought a nurse or revenue increases to offset the cost of providing lower rates, and all of the tax benefits in the code have built upday constituencies around them to support those provisions, so as isng away at them, necessary to do, revenue-neutral tax a form requires going to the sacred house. vonnie: what might be the easiest wants to get rid of? do you see any? you must've gone through this with a

this year deloitte -- an audit and consulting firm -- expects about 40 million vinyl records to be sold.whichomes out to about 900 million dollars in sales.record players and other accessories brings the business of vinyl to the billion dollar mark.michael kurtz/co-founder record store day: "which was unthinkable 10 years ago."companies like disney and fisher price are jumping on the vinyl train and releasing records aimed at kids.like this one from thomas and friends called "steam, rattle & roll thomas"kevin mcmahon/content producer for fisher-price: "similar to reading a book, when you are listening to just the record, you are left to your own imagination to really paint the picture."kevin mcmahon/content producer for fisher-price: "we saw just these kids immediately become captivated with the rotating record, the speed dials, reversing, things like that. and just having something that they can touch really kind of captivated them right away." for consumer watch -- i'm mary moloney (gary) coming up in sports. (brittney) the seven day forecast is ahead. (pam) a popular gadget many people use

president, deloitte. i want to return to a conversation that we just had on the future.rkforce, as we think about that and we think about our skill sets, in new york city alone, republic fiscal graduation rate is at 70%. but the readiness of our students for college and careers is only assessed at 37%. as we look at the pace of change, the digital transformation that we see in business and the marketplace, we look at the skills, the disconnect between what employers need and what our students coming into our forces are prepared to deliver, it would be great to get your thoughts on the priorities of the administration around education, around what i like to call not the future of work, but the work of the future. the future of work sounds a little ominous. the work of the future sounds pretty visionary. if you could give us those -- >> before you sit, you are giving the numbers from new york. you are a proud new yorker. why is it doing so badly? the numbers soe horrific in terms of education, and what happ

president, deloitte.to return to a conversation that we just had on the future.rkforce, as we think about that and we think about our skill sets, in new york city alone, republic fiscal graduation rate is at 70%. but the readiness of our students for college and careers is only assessed at 37%. as we look at the pace of change, the digital transformation that we see in business and the marketplace, we look at the skills, the disconnect between what employers need and what our students coming into our forces are prepared to deliver, it would be great to get your

president, kathy ingle bert with deloitte. i want to return to a conversation we had with ivanka, dean and wilbur on jobs, the workforce of the future. and so, as we think about that and we think about our skill sets -- in new york city alone, our public high school graduation rate is at 70%, but the readiness of our students for college and careers is only 37% -- is assessed at 37%. so as we look at the pace of change, we look at the digital transformation we all see in business, in the marketplace, and we look at the skills that we -- this disconnect between what employers need and what our students coming into our workforces are prepared to deliver, it would be great to get your thoughts on the priorities of the administration around education, around, again, what i like to call not the future of work, but the work of the future, because the future of work sounds a little ominous, but the work of the future actually sounds pretty visionary. so, if you could give us those priorities and how readiness -- >> okay, so, before y

to a study from deloitte.prices posted their largest annual drop in almost eight years in april as buyers shun the capital central areas. global news 24 hours a day powered by more than 2600 journalists and analysts. find more stories on the bloomberg. we are closing at the market session for monday in japan. pretty risk on across most asian markets. nikkei up by 1.4%. check out the csi 300, down by 1%.st -- over leverage trading weighing on chinese equities. stocks down the most since december and holding at three-month lows. we have a look at particular stocks we are watching. one of the companies on the csi 300, a company awarded conservation, almost 9%. that is similar to other losses on the index.elsewhere in japan, a run-up coming through from a subsidiary of panasonic. they are altering the terms of the full takeover of the company, at the most since 2011. intax medical falling sydney. having a look at this turn on the bloomberg, we know that gold has dipped down today. investors are really risk on. we

made a pre—tax loss of £110m, after two consecutive seasons in the black, according to figures from deloittethe technology works in the same way as it does with mobile phone payments: users must have their finger over the sensor when making a purchase. is it foolproof? not completely according to to security experts but they say it's a "sensible" use of biometric technology. the green investment bank set up by the uk government five years ago, has been sold to australia's macquarie bank, for £2.3bn. that's £1.7bn into the treasury's pocket while mcquarrie takes on £600m in liabilities. the bank was set up to fund renewable and low—carbon projects and has invested about £800m per year so far. the government is appointing independent trustees to ensure it continues to have an environmental mission. quick look at the markets. a pretty quiet day when i last looked. everything has turned upwards. the dow is upper third of 1%. not a huge amount. everyone has elections on their mind, no one prepared to invest or disinvest, because they don't know what is going to happen. researchers believe cycling

margaret doyle is from deloitte's financial services insight team.inancial chiefs are upbeat, only a third are more optimistic, do you think this all hinges on the brexit negotiations and the outcome? well, clearly, brexit is very, very important. it still tops our list of eight key risks that we polled cfos about. brexit is a risk. it has lessened as a risk since the aftermath of the referendum. clearly, finance directors are going to be keeping a close eye on how negotiations pan out over the coming two years. are certain sectors more optimistic than others? we don't poll by sectors, but what we can say if you look at the specific plans of cfos, it isn't just if you look at the specific plans of cfos, it isn'tjust they if you look at the specific plans of cfos, it isn't just they feel the external environment has become less risky, they're saying their own plans have changed and they're becoming more expansionary and in fa ct, becoming more expansionary and in fact, there are almost as many cfos who are thinking of changes. many are still extremely

. >> this is jessica rahm deloitte. i'm going to rip up your question and take it to the next level. what we're talking about here is backing up from a 30% reduction state to get to potentially zero to guitar plus-up position. you're going to need to do that along with secretary tillerson and bringing along in that journey. in addition to thinking about getting more power back potentially from dod, back to the states to reestablish their chutzpah across the road. what is the plan for you and your brother on the committee to work with them to actually have been sort of their narrative just to get back to being an advocate for the? >> because they're so practical, you know? let you guys up to the clouds but you're not coming. obviously this is our trade every day so we are thinking about how to plot forward the tactics. so i have not lost hope in secretary tillerson, but i'm not expecting him to be a daily advocate for blessing of the accounts in his department. we had a private lunch with him two or three weeks ago and h

deloitte advisory of hong kong financial the decision.group pushing back on new guidelines for executive pay saying that salaries would put it at a disadvantage. founder richard element prepared to quit. publish details. u.k.e: shocking news of elections. riska look at the global aversion index there. creeping up higher in white. take a look at the blue line there. see the emerging markets index quiet resilient. if we see the index fall we are seeing an increased appetite for risk. quiet resilient. if we see the index fall we are -- what do you think of the charge ipo -- of the chart? is the reflation trade their? >> bond yields is something we have to watch closely. momentum is probably slowing. you contrast that with what was going on in asia and emerging markets in general. we have strong economic recovery coming through, particularly around china. you see higher inflation and higher growth. we have good fundamentals in asia. if the u.s. bond yields is an indicator for future growth and maybe things will be a little softer. yvonne: it

i'm sarah thomas with deloitte center for health solutions. i have a lot of questions, but my first one is if ahca had passed and people could have subsidy cans on or off the exchange, what could an exchange like cover california done to preserve all the work it has done to preserve an exchange? >> well, so right now i'm worried about '18. interesting theoretical question, and i'm looking forward to a lot of discussion about what's coming next. the reality is in california the market is working both on and off the exchange because consumers know what they're getting, they're getting value, and premiums are being held in check because consumers are driving prices lower by picking lower value -- higher value, lower cost plans. and i think that would continue happening. the role of exchange is we show value because we help consumers shop and help the market create better products. >> any follow up? any other questions? yes. there's a couple up front. thank you. >> hi, my name is bobby avery with -- [inaudible] and associates, and we represent som

meanwhile, a new study from deloitte shows consumer confidence weakening in the first quarter.holds the most pessimistic on their finances in more than two years. separately, a property website says london house prices posted the largest annual drop in almost eight years in april, as buyers shun the capital central area. still with us, charles people -- diebel. comrez putting the tories on 50% support for the first time since 1991. is the risks to the economy? clearly much better, but the consumer confidence data, the retail sales data -- is that the big risk for the conservative -- may's hopess of a bigger majority? charles: the polls are telling you something, such as the magnitude of difference. it is hard to see her not winning. but the timing is significant. they have pulled this election and a time when you are coming off a relatively good economic performance. a lot of the brexit fears never materialized. and although they may yet be to come, you are in a situation where things look reasonably good at this point in time. now, or six months from the economic picture might

microsoft has a new autism at work and initiative deloitte ford motor hewlett-packard, these are all comedies that have specific autism employment initiatives. at the same time, we see a number of businesses being launched. these are independent businesses designed to employ specifically people on the autism spectrum and i mentioned some of these rising [inaudible] carwash, ultra testing. largely driven by parents as you might expect. then, we have a number of these internet self-employment, picasso, einstein, her own artistic creative collective the art of the autism which are trying to create markets for creative work by people in our community. we also have this extensive network with the department of rehab and regional centers targeted initiatives edd, community colleges have a larger and larger the sps system. so, again, a lot going on and at the same time a very high unemployment rate. number of people served by these employer initiatives, by the way, is modest did i mentioned sab has about 125 nationwide that's a comedy without 70,000 employees. microsoft has a program up in

deloitte has estimated 3.5 million manufacturing jobs by 2025. 2 million could go unfilled due to a mismatchn d connick are putting money towards retraining. >> we're talking about how the workforce, but other americans to try and find future employees to fire. i guess that's the question, how much is the government doing this and how much is private industry going to step in and do it? >> exactly. when you have many of these companies saying they're going to step up their manufacturing in the states. hiring more people to do that. i was with ge in four different factories last week. what one plant manager said to me was, it's no longer a matter of hiring someone offer the street. you have to have certain licenses certain degrees and education, certain skills that didn't exist a couple years ago. so a lot of these companies can't necessarily wait to see government move in and do retraining and do those skills. they're actually investing their own money. they're doing that too. so at 35 factory, we saw with lockheed martin you have robotics applying a self-coating to that plane now so the guy

. >> hi, kathy engelbert with deloitte. we were happy to participate today with some great leaders and the administration to hear about things like reed just talked about, education and work force development. and really preparing our students to be the works of the 1st century. so we talked ability the big issues the administration is looking at tackling and about the public-partnership around -- public-private partnership around that. >> i'm steve schwartzman, chairman of the partnership for new york city. we had a terrific start to our day with the president, vice president and other major people in government in washington. we're going to be spending time with the congressional delegation in new york, with a umber of senators, with leader mcconnell, speaker ryan. and also with our senator chuck schumer from new york. it's really important for people to come to washington, learn what's going on, and try and affect the dialogue to improve the country because that's what we all want to achieve. thank you very much. >> what