the dowjones us stocks crossed a major milestone.ow jones industrial average finishing above 20,000 for the first time ever and you also have the broader s&p 500 and the nasdaq also at record levels. this is how asian markets are reacting to the dow jones 20,000. the nikkei gaining 1.3% and the all 0rds hired by 20 points. basically mr trump's senior adviser was quick to comment on the news, tweeting that the landmark was down to the trump effect, but is it? let's have a look. earlier i asked our business adviser if it really is the trump effect. earlier i asked our business adviser if it really is the trump effectm you look at stocks, especially the dowjones, we you look at stocks, especially the dow jones, we have you look at stocks, especially the dowjones, we have seen it is up some 8%. that's since the election of donald trump. really when you look at some of the executive orders we've seen that mr trump put through over the last few days, what it is really signalling to wall street is that some of the promises that mr trump had

wall street puts its doubts aside as the dowjones finally hits 20,000. plus, tax wars.t britain and trump's us beat the likes of ireland at their own game and lure back the multinationals and their billions? welcome to world business report. i'm sally bundock. we will be checking how markets are doing in asia injust a moment. we start in the us where president trump has been provoking more controversy over his plans to wall off mexico. meanwhile, traders at the new york stock exchange are cheering the trump effect. here's what they have been celebrating: the dow jones industrial average of top us shares ended here, finally closing above 20,000 points for the first time in its isi—year history. it's a huge psychological milestone for traders, the dow has now risen some 9.5% since the election in november, one of its biggest rallies on record. it got within one point of 20,000 back on january sixth before nerves caused the rally to fizzle out. but since president trump's inauguration, the confidence in the stock market has returned. some investors are predicting it could

what should we see the dowjones as? what should we see the dowjones as? what does it represent?what this signifies is it has crossed this milestone of going above 20,000 points. does it really represent something significant? in a way, not really, it is just significant? in a way, not really, it isjust a significant? in a way, not really, it is just a nice significant? in a way, not really, it isjust a nice really significant? in a way, not really, it is just a nice really round number that people can wrap their heads around. it communicates a few things with regard to investor sentiment and i think you highlighted that when you mentioned the fact that we have seen markets skyrocketed since the election of donald trump. with a lot of the executive orders that we have seen mrtrump signing in executive orders that we have seen mr trump signing in the last few days, it is a sign for wall street and investors that he will be making good on some of the promises he has major in the election campaign. some of the things that people on wall street are really concerned about our regulati

wall street puts its doubts aside as the dowjones finally hits 20,000. plus, tax wars. can brexit britain and trump's us beat the likes of ireland at their own game and lure back the multinationals and their billions? donald trump has says waterboarding and other interrogation techniques which are widely seen as torture and prohibited by law absolutely work. but he's also stated he will defer to his cia and pentagon chiefs on whether to reinstate them.

the dowjones going up, there's a lot of optimism.ones opened going up, there's a lot of optimism. the dowjones opened up 0.5%, let's not forget that, but certain sectors are feeling the pressure. u nfortu nately, are feeling the pressure. unfortunately, one of your guests earlier on mentioned the fact that every ceo and boardroom in the united states and across europe, if you're a huge multinational, you're now going to start having a trump contingency plan in the way you operate. also to have have huge pr agencies that basically defend you against effectively donald comments. what is extraordinary, eight years ago when barack obama ran his campaign, twitter didn't exist and now twitter is what stocks are reacting to win donald trump tweets, thatis reacting to win donald trump tweets, that is incredible and it shows you how much politics has changed and how much politics has changed and how quickly markets react to that change in technology. something that isn't changing is inequality. the globalfigure is the isn't changing is inequa

the whole world is waiting for this dowjones easy.iting for this dow jones level. easy. the whole world is waiting for this dowjones level. once it goes to the 20,000 level, there is a lot of profit—taking, people taking their money out and a lot of big orders coming in and that sparks the markets to come lower. we are still quite a way away from there. that is half an hour's work. check it out, james hughes is honest. what else are you watching, the equity rallies are you watching, the equity rallies area big are you watching, the equity rallies are a big deal, or oil, the dollar, what else is on your mind? the oil price is the key one. yesterday we we re price is the key one. yesterday we were running very strongly, oil prices fell off a cliff yesterday. we have oil inventories today which could see oil rise again this morning and they could give us a bit more reason why that is going up. 0pec deal, non—0pec deals, we have a lot going on. james will be talking about fat cat pay. turning back time onafamily about fat cat pay. turning

asian markets are keeping the momentum going after yesterday's record breaking session on the dowjonesve it for the first time in history. history wise, in years... 131 years! leisha chi is in singapore. at the moment, the asian markets are just riding that optimistic wave coming from wall street? absolutely. and i love some of the headlines that we're seeing about it. the ft says that the stocks are basking in the glow of the doubt going above 20,000. -- the the glow of the doubt going above 20,000. —— the dowjones. according to bloomberg data, we have seen asian stocks rise the highest level since 2015. we have seen a very solid earnings season on wall street. good numbers from companies like boeing. of course as you mentioned, the donald trump effect. some people call it the trump train. we have seen stocks rising since november on optimism that his economic plans are going to be used. —— are going to boost stocks. asian stocks are mostly higher today. australia and india are closed. we will talk to you soon, thank you. let me show you those numbers. the wow on the dow from that tru

the dowjones have topped at the 20,000 mark.ill have on world trade and we have seen some political movement and adverse political movement and adverse political movement and adverse political movement on that front already and that's not necessarily good for sentiment on the currency in the long term but as far as the domestic economy is concerned, it is widely received that the incoming administration will be good for domestic growth and the policy of putting america first will actually help growth in the united states. let's move on to santander air. they saw a 15% drop in earnings and they are saying that is because of the wea ker are saying that is because of the weaker pound. how are they doing outside of britain? of course, it is one of europe's biggest banks. they will always be pluses and minuses. one of the problem areas, although it's now beginning to look less problematic, as the businesses in south america look to be turning a corner. in particular in brazil. very good news. spain is looking like it has stronger len

the dowjones is at record highs, approaching 20,000, and the us dollar is very strong. british pound on the other hand took a beating after the country voted in a referendum to leave the eu. now, in this region it was the chinese markets that actually ended up chinese markets that actually ended up underperforming in 2016, while thailand's stock exchange was the standout, closing at around 20% higher despite economic uncertainty there. now, most markets are reopening for the new year today. so what should we expect, and where should we put our money in 2017? earlier i spoke to mike mccarthy of cmc markets in sydney and asked whether we will see the us rally this year. certainly in the short term that seems likely and ahead of the inauguration in january term that seems likely and ahead of the inauguration injanuary it looks like markets are likely take a positive trajectory. they have been very cautious although we saw some enthusiasm and buying toward the year end. last day of trading was a bit of a visit for most markets and that restrained positioning gives us confid

the trump rally has faded in recent days, but the benchmark dowjones industrial average is still up arounde mr trump won the election. some of the top gainers have been the big wall street banks. they were hit by a huge amount of regulation since the 2008 financial crisis, known as the dodd frank act. and as samira hussain reports, they are hoping its days are numbered. the trump inauguration will no doubt be the main talking point at the world economic forum in davos. so actually we will do this. we've been reporting from there all week. so, let's go live to switzerland now for some reaction. dr paul sheard is global chief economist at s&p global. it is great to have you on the programme. lots to talk about. can we start with this whole thing about reversing globalisation and bringing jobs back to america apparently 5 million have been lost from the us since 2000. most of the reason is technology, not because they have been outsourced across the world. technology, not because they have been outsourced across the worldm is great to be here. it is difficult to untangle the effects of techno

the us share index, the dowjones, has topped 20,000 for the first time.that his policies will help boost the us economy. santander has warned of a challenging year ahead in the uk. earnings in britain fell by almost 15% after the referendum largely because of the weakening of the pound against the euro following the vote. and travel stores have given wh smith a boost — they've upgraded profit forecasts for the year after shops at railway stations and airports performed well over the holiday period. sales were up 5%, compared to the high street stores where sales were down 3%. new figures from the scotch whisky association suggests that the uk's trade deficit, which current stands at £115bn, would be 3% larger, without the contribution from scotch. the industry employs 40,000 people nationwide and exports £4 billion in goods every year. your association is calling for more tax cuts on whiskey. you've already had some. george osborne gave some when he was in power. we have got challenging times ahead, as we have been told by the government. are you being a

the dowjones ‘s down and the nasdaq is slightly up.rly performing stand—in doctors go undetected. elaine dunkley has more. the nhs is increasingly relying on locum doctors to deal with staff shortages in hospitals. some are charging up to £150 an hour. questions have been raised over the cost. that is not the only concern. the general medical council says more needs to be done to ensure that all locum doctors are properly vetted. the report has looked at a number of problems. it found it was not always clear which organisation was responsible for the appraisal of doctors on short—term contracts. hospitals were also criticised for failing to share information and feedback when a locum was not up to the required standard. the general medical council also warned that some agencies that supply staff are not carrying out checks and ensuring proper paperwork and support. there was also evidence that some patients were afraid to give negative feedback about their doctor in case it impacted on their care. in response, the department of health

the main us share index, the dowjones, has passed the 20,000 mark for the first time.icipating that president trump's policies will promote economic growth. usain bolt‘s been stripped of one of his nine olympic gold medals because a team mate has been found guilty of doping. nesta carter was pa rt of the jamaican quartet that won the men's 4 x 100 metre relay at the 2008 games. the american television and film star mary tyler moore has died aged 80. she first starred as a housewife on the dick van dyke show in the 1960s, and then on her own series, the mary tyler moore show, in the ‘70s. the actress won seven emmy television awards and was nominated for a best actress oscar for the 1980 film ordinary people. the pop star madonna is denying reports that she has applied to adopt to more children from malawi. it was said she had expressed interest to adopt. these are old pictures, but the queen of pop is now currently in the african country. but she said her visit was strictly for charity purposes this time. and these dramatic pictures, a truck being cut in half by a trai

the main us share index, the dowjones, has passed the 20,000 mark for the first time.kets anticipating that president trump's policies will promote economic growth. jihadist fighters in libya have lost one of their last remaining strongholds in the country's second city, benghazi. forces loyal to the military leader say they've finally driven local islamist militias out of the district of ganfouda. usain bolt‘s been stripped of one of his nine 0lympic golds because a team—mate has been found guilty of doping. nesta carter was pa rt of the jamaican quartet that won the men's axioom relay at the 2008 games. his lawyer says he will appeal. a giant super tanker aircraft on loan from the united states has arrived in chile to help tackle the worst wildfires in the country's modern history. a state of emergency has been declared in a vast area south of the capital, santiago. chile's president ordered extra funds and resources to fight the fires as people called for help to save their homes and animals. sarah corker reports. in the tinder dry conditions, the flames spread quic

the "trump rally" has faded in recent days, but the benchmark dowjones industrial average is still upr trump won the election. there it is right there. you can see it, 996. there it is right there. you can see it, 9%. lots more coming up on the world business report in 20 minutes. we are also in china, where official growth figures have come out in the last few hours. they have confirmed that last year, china's economy grew at its slowest pace in more than a quarter of a century. let's just show you the numbers. china's growth rate hit 6.8% in the last three months of 2016. that's slightly better than expected, and slightly better than the three months before. but it still leaves the annual growth rate at 6.7% for 2016, bang in the middle of the government's target of 6.5 to 7%. nice that it comes in at 6.7%. the bad news is, it's the weakest rate in 26 years. 1990 was just after the crackdown in tiananmen square, when china was isolated internationally. but the good news is, china has avoided the economic slump many around the world were fearing, largely thanks to huge amounts of gov

wall street puts its doubts aside as the dowjones finally hits 20,000. plus, tax wars. can brexit britain and trump's us beat the likes of ireland at their own game and lure back the multinationals and their billions? donald trump has says waterboarding and other interrogation techniques which are widely seen as torture and prohibited by law absolutely work. but he's also stated he will defer to his cia and pentagon chiefs on whether to reinstate them. his comments came amid reports which suggest his administration may be planning to reinstate secret overseas cia black site prisons. earlier, president trump outlined his plans to construct a new wall along the us—mexican border. james cook reports from that border. he is meant to meet enrique pena nieto on tuesday and that meeting has been put in doubt, in the last few minutes mexico's foreign minister has said it will indeed go ahead. james cook reports from that border. donald trump's signature pledge is now one step closer to reality. with a stroke of his pen, the new president ordered the construction of a great wall

the dowjones rose 13% last year, most of the increase taking place after donald trump was elected asesident. the billionaire businessman has outlined an infrastructure plan worth $1 trillion. that could give a boost to companies in the us and across the world. with me is francesca lagerberg, global leader for tax services at grant thornton. looking ahead to 2017, the start of a new year is often a time for optimism, but looking to this year, it is uncertain when the future is going, we have a new president in the white house, not a lot of visibility of what he is going to do, brexit, european elections. what is putting up the confidence? it is fascinating seeing businesses being optimistic, 38% positivity in the businesses that we surveyed. there is something around knowing the big—ticket issues of the year last year gave some uncertainty that donald trump will be president, there will be brexit, and even though we don't know that massa nations, there is some certainty, and businesses love certainty. 3896 more confident about the future, so that still leaves over 60% who are not, wha

the dowjones not doing too badly.ng tom stephenson and why they're doing well in a moment. europe, the markets have been open 40 minutes. 2017 really, it is all about delivery. we saw the market rallies after trump's election. the markets are waiting to see if he will follow through in his campaign promises how brexit will be delivered, but companies continue to report their results. samira hussain has the details about what's out on wall street today. lots of earnings to talk about today. at&t will be reporting. it is on the verge of closing its deal to acquire time warnerfor on the verge of closing its deal to acquire time warner for $85 billion, but the us president, donald trump's opposition and regulatory approval poses a threat to the deal. we can expect that investors will be asking about updates. boeing will also be reporting earnings. you will remember the company got some attention from the then president—elect donald trump criticising the high cost of replacing air force one, that's the plane used by americ

in terms of the dowjones, we have seen a rise of around 15% this year.rump will follow through with his trillion dollar spending plan. that could end up providing a boost to many major american companies who, let's admit it, they need it now. it is borrow and build, but maybe they don't need to borrow. a lot of investors may throw their money into infrastructure programmes. who knows? hello. you are watching business live, review 2016. events of the past 12 months have made for a turbulent year in global markets. at the turn of the year, the price of the black stuff, oil, was already at its lowest point for a decade. this had investors wondering whether the market could get any lower. injanuary, iran returned to international markets following the lifting of western sanctions, and crude fell below $28 per barrel. but this proved to be short—lived. in the first half of the year, the market rallied as some of that oversupply left the market, if you will. in september, some of the world's leading oil—producing nations managed to reach a landmark agreement f

the dowjones having its worst day since the president was elected in november.ssed last week, but now investors are questioning whether or not the momentum can to —— continue. whether or not the momentum can to -- continue. it is only a little bit down. not terrible, it is all about momentum. a slew of results coming out today from corporate america and over the next week, so we will get a test of how the big culprits and the economy are doing, as opposed to whether the president will be good for the economy, the hopes and dreams. what impact are we expecting the president to have? there is the question of whetherjanet yellen can remain as federal reserve chairman, thatis remain as federal reserve chairman, that is up to the president and congress. the fed will take a balanced view and hold rates. a rate hold is expected from the bank of england as well. central-bank week. it is also tech week. we have snapchat‘s parent compa ny‘s it is also tech week. we have snapchat‘s parent company's ipo. it is also tech week. we have snapchat's parent company's ipo.m you ar

this is how things are going generally, the dowjones a little bit flat, but not far off that 20,000 mark 20,000 mark. a bit further away than it was a few weeks ago. a bit of a disappointment about trump in terms of not enough news about pushing growth, pushing jobs to the us. let‘s look at europe, treading water to a degree at the moment, we have mentioned bt, down in london for very specific reasons, but eve ryo ne for very specific reasons, but everyone keeping an eye on the pound and the supreme court decision, which is due in about 50 minutes‘ time, that is about whether parliament will get a say on the triggering of the brexit negotiations. news out of france about services sector manufacturing, about services sector manufacturing, a bit ofa about services sector manufacturing, a bit of a drop—off in manufacturing sector in france, but still showing growth. let‘s look ahead to the us, samira hussain is on wall street today. america‘s number one wireless carrier, verizon, will be reporting earnings and it‘s expected to report yet another decline in quarterly revenue, but analysts, i

wall street puts its doubts aside as the dowjones

the ft—se 100 is up, the dowjones is up.rmer specialist firearms officer at the met police. she began by asking ken why the federation were asking their members this question. we're asking them because they had not been asked before, it is more about tasers than anything else. if we see a change in the situation and there is a clamourfor this we see a change in the situation and there is a clamour for this to happen, we have never asked our collea g u es happen, we have never asked our colleagues whether they will be prepared to carry a taser or a firearm. a lot of them may say no way, i do not want to do thejob. that is why we are asking the question. tony long, as a former firearms officer, you have shot five people, killed three individuals, can you give our audience some kind of insight into the circumstances and the decision—making when it comes to using a weapon? obviously those three situations was involved in was overa those three situations was involved in was over a long period of time, the first was 1985, a domest