vimarsana.com

And the trump campaign. Wall street and markets watch as President Trump struggles to push through his Healthcare Reforms. Could a 2 trillion bubble be about to burst . Plus australia puts on a song and dance for chinas premier li massive trade ties top of the agenda. Welcome to World Business report. Also, samsun faces shareholders at its annual meeting. Id like to be a Fly On The Wall there. Our our we start in the us where President Trump is battling to deliver on one of his biggest election promises and to hang on to his credibility with investors. Late on thursday republicans were forced to delay a vote in the House Of Representatives on scrapping and replacing obamacare as they struggled to drum up enough support across their own party. On wall street its being seen as a key test of the trump administration. The concern is if he cant deliver on scrapping obamacare, his other plans for massive tax cuts and spending hikes may not get through congress either. Lets just show you the scale of the expectation that has built up. 2. 2 trillion has been added to the value of us shares since trump was elected in a rally of historic proportions. If you take a look at the Dow Jones Industrial average, it has soared since the election in november. As of the start of this week, it had gone up 14 since the us election. The Financial Sector has been the biggest winner its done even better. Thats because the president has promised to review the strict regulations brought in after the financial crisis known as the dodd frank act. The dows index of bank shares has soared i7 take gfx 4 the Construction Industry has also been doing well thanks to President Trumps promises of huge spending on infrastructure. Shares in that sector are up 9 since the election. Markets have been rattled this week though. Some investors think they are now only going in one direction. The market really cant keep the gains that we had earlier today. Itsjust a no win, because no matter what happens in the house, that bill, that Healthcare Billjust had to be too conservative for the house. The senate will never be able to pass that bill. Theres just too many on the left, liberal senators, so its a no win, which means its no support for trump which means that that trump trade is starting to unwind. Russ mould is Investment Director at aj bell. Nice to see you. What do you make of all of this . Everybody predicted that this particular reform of the Affordable Healthcare Act known as obamacare Affordable Healthcare Act known as obamaca re would be Affordable Healthcare Act known as obamacare would be extremely difficult. One of those classic situations where markets climb a wall of worry and slide down the slope. When trump took over, people we re slope. When trump took over, people were wondering what he was. Infrastructure reform and healthcare reform and tax reform, he could be like ronald reagan, how exciting, gdp went up to 8 but now, hopes have gone from zero as you said to 2. 3 trillion worth counting. There has been hope built in and that is what he has got to meet. Whats interesting is the move on his part saying we will vote on this regardless. If i dont win, but i will walk away. We will not necessarily change what has become known as obamaca re. Necessarily change what has become known as obamacare. What do you take from that in how he will push do other things which will be difficult to pass . It is the slope of hope again. The budget blueprint didnt mention the 1 trillion of infrastructure spending. The democrats are fighting this appointment for the security and Exchange Commission and the supreme court, raising questions over what reforms he can push through which comes back to american investor warren buffett, who said when you mix your political views with your investment decisions, you are making a big mistake. Nobody knows what the politicians can do. It is hard to predict the outcome. Let me ask to predict the outcome. Let me ask to predict what will happen on markets. This is the big question. Why do the markets get so excited . We knew it would be tough on capitol hill. Everybody said that. Investors said that, political analysts. We all knew it wouldnt be easy yet we saw this incredible rally since he was elected. Do i think the market is expensive . Yes. Is the economy late in its cycle . Yes. Do Interest Rate rises stopped the market, yes, because eventually more inspect at expensive money. What i will say, you are likely to get more volatility. We had a fall in the index which was the first one for 110 days. You only get those moves every 11 so you are likely to see more volatility going forward. Good luck. Thanks a lot but coming in. For coming in. Samsung has been facing investors at its annual general meeting. The companys Leader Grandson of the founder and Vice Chairmanjay Y lee wasnt there. Hes facing trial on charges of bribery and embezzlement which he denies in a Corruption Scandal that has seen President Park geun hye impeached. Sharanjit leyl has been following this for us in singapore. That was never going to be an easy agm. But also the other issues that samsung, it has had torrid year. very samsung, it has had torrid year. L very torrid year. Lee wasnt there, detained over those bribery charges. We heard from the Vice Chairman instead. He was apologising to shareholders. The scandals which led to the ousting of the south korean president and the recall of the note 7 smartphones. They are promising the firm will improve governments in the firm will improve governments in the face of pressure from investors and mrjayy the face of pressure from investors and mrjay y lee, absent because he is facing all those charges including bribery and embezzlement. Prosecutors are accusing him of bribing are confident of the former resident in return of the government backing 2015 merger which helped tighten control over the south Korean Technology giant. Also fire prone note 7 and the battle over its batteries, it cost the company about 6 billion in the Vice Chairman apologise about that as wealth and samsung shares are falling today. They hit record highs this month following very Strong Semiconductor sales and the potential for restructuring the technology giant. Investors are hoping to hear about that as well. The shares are falling today. Good to see you. Thank you. We are also in australia where the Chinese Premier Li Keqiang is holding talks with Prime Minister malcolm turnbull. Theyll be discussing how to build on the Free Trade Agreement they signed two years ago. Mr lis visit to canberra comes at a time when china is looking to capitalise on the global uncertainty which has followed Donald Trumps victory. Our australia correspondent Hywel Griffith has been looking at how the relationship works. Handmade for some of the worlds most demanding sleepers. These mattresses are on their way from syd ney to mattresses are on their way from sydney to shanghai where they will sell for 75,000 australian sydney to shanghai where they will sell for 75, 000 australian dollars. Ah beard only started exporting to china in 2013 and in a few years, they hope to have 100 stores there. The 2015 Free Trade Agreement has helped Push Down Tariffs and plugged up helped Push Down Tariffs and plugged up profits, bolstered by the massive demand for western goods. The buyer typically is not interested in buying locally produced products, they are looking for something that is imported. They particularly look to australia because we have a very natural product and beyond, i guess, the quality of the product and the master craftsmanship which goes into producing the product, they are looking for something that is genuine. Premier li keqiang has been given a traditional welcome afforded to old allies. Hes come to tell australia it doesnt have to choose between china and america. They can trade in a circle of friends. Australia has spent decades carefully cultivating its relationship with china. Its become its biggest trading partner. The Free Trade Agreement sealed the deal but there are more doors the Company Opened like making it easierfor Australian Companies to sell on line. At the moment, exports are still dominated by iron ore and coal, the commodities that have kept the australian economy moving. But there is a need to change track. Food sales like beef on the menu. There may even be time to discuss China Stepping into the space vacated by america in a new transpacific part vacated by america in a new Tra Nspacific part vacated by america in a new transpacific part Trans Pacific partnership. The tpp itself may have to be modified because it has been strict on prices and a bunch of other issues which china has found difficult to swallow in the short term but a modified version may be possible. For this company, more could be done to put the finishing touches to the trade agreement, like improving Customs Clea Ra nce agreement, like improving Customs Clearance but china and australia become pretty happy bedfellows. The show you how markets are trading in asia. Its a mixed picture. Let us. We saw some numbers for japan earlier this week, the yen is still very strong. Markets in the us are very flat. Markets worldwide are waiting to see how that boat on the reform of the Healthcare Plan in us goes. That is the real issue for markets around the world. You up to date on the business stories. See you in a moment. A team of british scientists have made a major breakthrough in the treatment and diagnosis of tuberculosis by using Gene Sequencing, isolating different strains of tb which means patients who might have waited months to get the right drugs can now be diagnosed a little more than a week. The x on the left shows a healthy chest, on the right, the latter stages of tuberculosis. 100 years ago recuperation meant arrest and fresh air that as technology advanced, k more breakthroughs. The latest dip towards treatment is x photography. By the 1970s, tb rates we re photography. By the 1970s, tb rates were at an all time low but as drug resista nce were at an all time low but as Drug Resistance grew, The Killer Disease came back. Now scientists in oxford and here in birmingham have made a major new breakthrough. In a world first, they have used Gene Sequencing to give a more precise diagnosis far more quickly. The uk has some of the highest tb rates in western europe. Birmingham is one of the cities worst affected. There has been a clinic here for more than 80 yea rs been a clinic here for more than 80 years and over that time, a lot of changes to the way tb is treated but for these patients, this breakthrough means they could recover much more quickly. Instead of spending months in hospital, patients with complex drug resistant cases of tb have been set home after a week with a much better chance of survival. Brea kfast breakfast will have all the latest on what is going on as far as the London Attack on wednesday afternoon and they will update you on business and they will update you on business and sport. Including bad behaviour in schools. Englands Behaviour Chief says the extent of the problem is getting worse. Im sally bundock. The top stories this hour. More details have emerged about the man who killed three civilians and a Police Officer in the westminster attack. Police have identified him as 52 year old khalid masood, who was born in england. Its now believed he was initially named adrian elms, suggesting he changed his name after converting to islam. President trump has demanded that a vote be held on Healthcare Reforms to replace those of the obama administration, even though its unclear whether they have enough support to be passed. After a day of intense negotiations in washington failed to produce a clear outcome, a vote is expected to take place on friday. The un estimates that 400,000 iraqi civilians are trapped in the old city of mosul as Government Forces try to capture it from Islamic State militants

© 2024 Vimarsana

vimarsana.com © 2020. All Rights Reserved.