Whose economy is ailing, thanks to the covid pandemic, and where the Unemployment Rate now tops 10 . Prior to the election politicians were at loggerheads over a massive new stimulus plan that many argue is much needed to boost the worlds biggest economy. So what is top ofjoe bidens list and what will his policies mean for americas trading partners around the world . Zero emissions by 2050. By 2030, a point to demonstrate you are halfway there, et cetera. The idea that dealing with Climate Change is going to cost peoples jobs, it creates jobs. Lets get more on this now with arun pillai essex, whos the senior north america analyst at Verisk Maplecroft and joins us from new york. What will bidens victory mean for the economy . I think it will be the virus coming from the federal framework, really to arrest this surge that is coursing through the country. That has enormous economic. 0n through the country. That has enormous economic. On top of that, there is no fiscal stimulus in the current programme, even though mcconnell has been signalling a willingness to negotiate, that may not be the case. Divisions are quite significant. Are you concerned that with capitol hill so split that getting agreement on issues such as a fiscal stimulus package which is what many are arguing the economy needs including Jerome Powell of the federal reserve, but actually, some are calling joe biden a lame duck president for that reason . There are things he can do with the executive ranch but some of the sweeping proposal and reform, democrats have a chance to take the senate if they win the georgia run off elections on the fifth of january but that is looking like a filler battle. The legislative branch working together with him, it will be very hard for him to pass a lot of bills. He has made some very big promises when it comes to helping the poon when it comes to helping the poor, helping the lack community, housing, unemployment, et cetera. Black community. To deliver on those promises, he will need to support from both democrats and republicans. As a senate institutionalised who has been in congress for so many years, you think you would leverage some of his relationships but as mcconnell has shown, died and was there in six years, he was an obstructionist for the 0bama administration, it is looking to be a difficult task even with these relationships. His agenda is curtailed at the moment but there are still things you can do through executive orders. Those are also subject to capture and the Supreme Court has been stacked with conservative judges so it isa with conservative judges so it is a pretty tough on both ends. What does abidin presidency mean for International Trade a biden residency men for International Trade . Less of an aggressive use of tariffs and the like but the unwinding of ta riffs the like but the unwinding of tariffs on steel and aluminium, particularly on the us, unlikely to see those to be unwound because there is very little political upset in that because the Democratic Party holds many of the same views as the republicans on trade. Thank you for staying up for us in new york. Let does not look at uk us trade in particular. Lets look at. Borisjohnson has already congratulated the us president elect on his victory, and said hes looking forward to working with mr biden on Climate Change as well as International Trade. Joe biden has previously described the uk Prime Minister as trumps physical and emotional clone. So how special will the relationship be Going Forward and when it comes to trade is the uk at the front or the back of the queue . Joining me now isjustin urquhart stewart, whos the co founder ambassador of seven investment management. What do you think . If a uk us trade relationship. I know that roadsides have been working ha rd roadsides have been working hard on this. Uk harder than the us stop where do we stand . Uk is going to have to work very ha rd uk is going to have to work very hard on this because of biden, like all american president s, have to be very careful and actually as far as he is concerned, he was worried about the implications of the uk agreement on the irish borden. Border. When my family comes from, it is quite close to the border, it is a sensitive issue that sort of area. Im afraid, written has a lot of work to do here. They are certainly not at the front of the queue written. They are almost certainly further behind the queue britain. It is not want any of the evidence at all to make sure that britain is a very close relationship, we call it special, americans dont quite see it the same way, but we have to make sure that we have a very, very close relationship there indeed and we are still, in terms of actual, notjust diplomacy, but also in terms of the issues, we are not as strong as we are, we are still important in terms of nato. When it comes to the special relationship, how important is it that the two leaders get on . Iam sure it that the two leaders get on . I am sure you remember theresa mays visit to the white house when donald trump had been elected. It was quite awkward, wasnt it . But ronald trump called donald trump called johnson, britains trump. How important is it that they had on . It is important. We found ourselves in a very difficult position where we had the embarrassment with the ambassador and trump regime behaving badly over that, very un diplomatically as well. And of course the embarrassing issues we had with some of the comments from the Prime Minister previously. Well, im afraid thats how he behaved. Now what you have to do and of course biden has to do the same because everybody has historical statements they probably regret or get taken out of context, now you need to find yourself in a position where you can build firm ties. Britain needs a good trade arrangement with america, whether there is a deal or not remains to be seen. After all, we need to make sure first of all we get our trade agreement with europe sorted out. But america is no easy touch, the americans are going to give us. We havent we happen to speak american rather badly. Who benefits most from a Good Relationship with the us in terms of our exporters . In terms of our exporters . In terms of our exporters . In terms of the deal, it would be asked that actually benefits, in terms of actually making sure we get a good deal out of them. In america after all doesnt see us as a very good place to be able to see for a future of technology and areas like that. So it doesnt see us asa like that. So it doesnt see us as a traditional ally. Certainly, we need to make sure we are in a position where we benefit from. To put the other way around, if we dont do anything about it, will be in considerable difficulty. If had got brexit and america sorted out, we are left on the wrong side of the logic. Alleging. Ledger. So how are Financial Markets reacting to all of this . Markets in asia have begun their new trading week with investors digesting what a Biden Administration means for the global economy. Lets cross now to our Asia Business hub of singapore, where sharanjit leyljoins us. We are seeing a biden bounce . You took the words out of my mouse. you took the words out of my mouse. Mouth. Japans nikkei kit at high last seen almost three decades ago so this is like november 1991. That is out ofjoe biden securing that the tree in the us president ial election. It is mainly down to Investors Holding off buying last week due to us political uncertainty. Of course everyone is not rushing to buy as they focus on hopes of more stimulus measures to reduce the spread of covid 19 and part of it is also the perception here in asia that mr biden is likely to reengage in International Trade which is a real positive for this region. There may also be some dialling down of geopolitical tensions here though of course the notion of china and america butting heads seem very much entrenched as the new normal. Also things like shared shares like honda motor, corporate earnings are recovering more than expected after the pandemic induced a slump. It is also being helped today by key gauge economist by Japanese Companies put out by the bank ofjapan. This is a survey which essentially showed that is necessary to amend of japanese manufacturers and Service Centre firms was the least pessimistic in nine months in november which suggests brightening prospects for asias second largest economy japan. Asian shares also helped by news over the weekend are chinese exports group at their fastest pace in 19 months in 0ctober, another indication that the worlds most second largest economy continued to recover after being hit by the coronavirus this year. Also Renewable Energy related firms in asia making gains following bidens victory. Investing in green projects and rejoining the paris climate accord, helping in great deal. Stay with us on bbc news, still to come boycott amazon urge mayors across france, as the countrys independent booksellers see another slump in sales due to a second lockdown. The bombastic establishment outsider donald trump has defied the pollsters to take the keys to the oval office. I feel great about the election results. I voted for him because i genuinely believe that he cares about the country. Its keeping the candidates name always in the public eye that counts. Success or failure depends not only on public display, but on the local Campaign Headquarters and the heavy routine work of their women volunteers. Berliners from both east and west linked hands and danced around their liberated territory. And with nobody to stop them, it wasnt long before the first attempts were made to destroy the structure itself. Yasser arafat, who dominated the palestinian cause for so long, has died. The Palestinian Authority has declared a state of mourning. After 17 years of discussion, the result was greeted with an outburst ofjoy when the ministers whod long felt only begrudgingly accepted among the ranks of clergy suddenly felt welcome. This is bbc world news, the latest headlines the us president elect, joe biden, is due to unveil a task force of experts charged with drawing up plans to tackle the virus. The president of azerbaijan has told the bbc he sees no end to the fighting in nagorno karabakh. With france into its second lockdown, mayors and metropolitan leaders from all over the country are calling for more Government Support for local independent shops, especially booksellers. The mayor of paris has even urged consumers to stop shopping on amazon to protect them. From paris, heres hugh schofield. This hugh schofield. Bookshop in eastern paris is this bookshop in eastern paris is doing what it can to keep business going but it doesnt amount to much. Customers can order books then drop by to collect but they certainly cant come in or browse. Turnover is down 80 . The rule is that only shops that provide an essential commodity can stay open but there is the rug. In a country with such a rich intellectual tradition, there are many voices saying that of course books are essential, particularly during lockdown. Booksellers have joint protests by other high street traders like here in the bath country, calling on the government to let them reopen. If not, they say, its only emmas on that will be smiling as everyone moves to shopping online. The perimeter says that people should think about delaying purchases rather than using online sites and the socialist mayor of paris saying i am telling people, dont buy on emmas on. By from your booksellers you can order and collect your book. Stung by criticism that it is exploiting a difficult situation, emmas on france has gone on the pr offensive. Its chief said back at the bookshop, the owner told me he didnt blame emmas for doing what it does. Translation im not here to criticise emmas on. Theyve got every right to exist and for many people in the world they provide a service. But for us, what is important is that we maintain the link with our clients, because right now, we need them. And in return, they need them. And in return, they need to be able to count on us for at least a minimum service. The real test for small shops is for after lockdown. If hunters lose the habit of keeping alive a local business, will they ever come back . The biggest Global Business event for the travel industry the world travel market starts virtually today as probably one of the industries most challenging years draws to a close. In the absence of travellers due to the Global Pandemic tourism boards, hotels and destinations have turned to Virtual Reality to keep would be visitors interested. Among the countries trying it are ireland and germany. Joining me now from madrid is Miguel Flecha whos the head of travel hospitality europe at acce ntu re. Tell us how this works. Willa Virtual Reality tour ever replace the real deal . |j Virtual Reality tour ever replace the real deal . I think rather than replacing or an alternative, it is a kind of try before you buy option. Were actually brands and destinations can showcase their experiences to the traveller before they travel, and therefore at the end, facilitate the booking process. There is another alternative which is around enhancing or heightening the travel experience by combining real and virtual. Imagine that there are no tickets left for the real madrid game at your hotel offers you an immersive experience, where you can watch, for example, in a com pletely watch, for example, in a completely different way. There is also a question around the employees on how you can use this to train your employees, post pandemic they will need to deal with travellers and a different way. Can you clarify something for me . If i want to see a real madrid football game, have i got to be in a hotel in madrid that has got a Virtual Reality headset that enables me to do that . But if i cant travel, how can they do that . It is notjust about the big vr process, but smart phones are developing Virtual Reality capabilities and you can use your smartphone to actually enhance that experience. I can understand if you want to watch a real madrid match that makes complete sense but if you are just looking for somewhere to book on holiday, why is vr necessary when theres lots of videos, information and independent reviews et cetera online already . I think it will help you interact with the destination in a different way. This is not just destination in a different way. This is notjust about watching a video, its also about having the chance to interact, imagine this is an experience in the south of argentina where you are going to notjust travel but you may also visit a restau ra nt, but you may also visit a restaurant, and you are able to use these technologies to make this experience much more immersive, that will be really different. When the lockdown is over, we will be able to travel and have that real experience. This is not a game changerfor hospitality and travel in europe, doesnt it need vital help from government and elsewhere to get them through this year and maybe next year as well . Absolutely, that is probably a way to help the industry recover, but it is not the only thing stopping there are many other things that need to happen to recover, but i think is also a good way to keep customers engaged with this industry, considering that the industry is going through very tough moments, its a very good way to keep the travellers engaged with the brands and keep the connection with the brand. And also as well, isnt it about communication and giving travellers confidence about where they are going, that it about where they are going, thatitis about where they are going, that it is safe . That is a great point, indeed, because now that will be the biggest challenge. Is the industry recovers , challenge. Is the industry recovers, regaining trust will be very difficult stopping there will be segments of the population that when the lockdown measures are over, will be willing to travel but there will be segments of the population that will not be so co mforta ble. Population that will not be so comfortable. So using these technologies to showcase and reassure travellers that you will be taking on the safety as much as possible, you can show them how checking into the hotel would work, how you will be boarding on a plane or on a cruise and how you will be actually helping them to understand all of these health and Safety Measures that will make them more comfortable. We will have to leave it there, but thank you for being on the programme. Lets get some of the days other news. Eu and uk officials will resume trade talks in london later today, as they resume another key week for the negotiations. They will try to bridge what the two sides have said are still significant differences on fishing quotas and competition issues. The uk left the eu on 31st of january but continues to follow the blocs rules until the end of the year. Uk Prime Minister borisjohnson met with the chancellor and the business secretary on sunday to discuss the role of Nuclear Power in the uks future energy strategy. The meeting comes ahead of a new 10 point plan for the uk to hit net zero Carbon Emissions by 2050. New Nuclear Power stations are part of an overall strategy to decarbonise the uks electricity supply. Freight drivers who are not uk citizens and have been through denmark in the last fortnight are warned they will be turned away from the british border. It follows concern over a new coronavirus strain that has spread from mink to humans. The pandemic has made us much more reliant on technology to stay in touch with our friends and family. But its also encouraged many people to go back to Old Fashioned handwritten messages. According to the greeting card association, lockdown has seen a huge increase in the sending of general all occasion cards, as people seek out new ways to stay in contact. Were nowjoined by amanda fergusson, whos the ceo of the greeting card association. Welcome to the programme. You say there has been a huge surge. What evidence have you got of that . Good morning. Well, its the captions that people are buying. Generally during the summer we would be expecting birthday celebrations and weddings but these have been replaced by a huge demand for cards that say sending a hug, miss you, keep in touch or thinking of you, and cards are a very tangible way of keeping in touch. At lovely seeing handwritten envelopes on the doormat, some handwriting that you recognise, and that has been really evident this year. At the beginning of lockdown, actually, we as an industry we re actually, we as an industry were donating cards to care homes to allow people, grandparents, to keep in touch with their grandchildren but this actually carried on through the whole of lockdown and it has been really interesting for our industry. But also i guess you have been very challenged because the ca rd retailers have very challenged because the card retailers have been shut a lot of this year, they are not essential and therefore, the sale of greeting cards, i know you sell in supermarkets and elsewhere, but that must have been hit. Absolutely. We are delighted that obviously a few more stores are able to stay open this time but we are very concerned that stores are not deemed essential and we would say that specialist card shops fall into that category because it is really important for people to connect and communicate, vertically and a time when people are isolated or lonely and greeting cards can provide that connection and our members have spent a lot of money investing and equipment that makes their shop a covidsafe environment and actually, as far as we know, the latest stage information is that there has been no covid transmissions linked to non essential retailers that we would ask the government to think again because we believe it is very important that our high streets are allowed to be open. All right, we will delivered there. Thank you so much for your company, if you are watching on bbc one you can join the Breakfast Team in five minutes. If you are watching us on bbc world news, you are stuck with me and i will see you soon. All the best. Hello there. Southerly winds are going to bring us a mild start to the week but they are also bringing extensive cloud, a little bit of damp weather and weve seen mist and fog patches as well, so rather murky conditions for a time, too. Now, the satellite picture shows the area of cloud responsible for the drizzle and some fog lurking underneath that. Got pressure to the south west and then a more substantial area of cloud. Now, thats going to be coming in towards the middle part of the week so we are going to see some rain over the next few days as well. Now, for the early risers, i think its probably going to be a damp start to the day around the east coast of scotland, some eastern areas of england as well with mist and fog patches dotted around across scotland, england and wales, so murky conditions too. Then we will start to see further bits and pieces of rain working into Northern Ireland and wales and south west england, and that is all tied in with this area of low pressure thats going to be pushing north eastwards as we go through the course of monday. So monday, a cloudy start to the day. As i say, pretty murky across scotland, much of england and wales, with some bursts of rain for Northern Ireland, wales, Western Areas of england and through the day, this rain will gradually push its way northwards and eastwards. It will very gradually brighten up across Western Areas but otherwise, scotland and most of england staying pretty cloudy, really. Despite that, itll be mild temperatures reaching a high of up to 16 degrees celsius in the south east of england. Now, through tuesday, the low pressure is still on the charts and weve still got a lot of cloud in the forecast, still with some bursts of rain slowly pushing north and eastwards. But the low pressure on tuesday is going to weaken significantly, and so the cloud will begin to break up and we should start to see some brighter weather slowly pushing in from the west, so a greater chance of seeing at least a little bit of sunshine, and its still mild average temperature for this time of year is about 11 in london, so 15 degrees is still four above normal. Wednesday sees a more substantial area of rain move in off the atlantic and this one will be accompanied by some strengthening winds with Gale Force Gusts working in across Western Areas. So heavy rain for Northern Ireland, heavy rain also developing through the day for west scotland, southern wales and the moors of south west england. A very squally band of rain, too. Notice its dry for much of the day over eastern areas of england itll probably have brighter spells as well but this band of squally rain will push its way eastwards as we go through wednesday night to reach all areas. Good morning, welcome to breakfast with dan walker and louise minchin. 0ur headlines today joe biden starts to plan for life as president tackling the coronavirus is top of his list. Donald trump heads back to the golf course. He refuses to concede, and renews his allegation that the election was stolen. The two and a half week coronavirus firebreak in wales ends, with new rules coming in to force. Good morning. Use them or lose them a warning to holiday makers whove been given a credit note for holidays cancelled over covid. They will expire you could lose cash. Its all square at the etihad. Kevin de bruyne misses from the spot, as manchester city
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