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lot of years and now they are going away. newsom promised 1200 tiny homes for homeless californians. a year later, not one, tony, has been built. there are six companies that were contracted. they haven't bought one home for a homeless person. >> billions and billions of dollars have been spent and it's this homeless industrial complex that's happened here. no one is measuring the money, they are missing money everywhere. huntington beach is one of the few cities in california that homelessness has gone down. with less money. because what we are doing is enforcing encampment laws and making sure we get those homeless the services they deserve and get them off the streets. not compassionate to leave the homeless on the street and then give them drugs and alcohol. we need to get on the services they deserve, at them off the street and out of our parks so our kids can play and away from our businesses so people can go into our businesses. >> trace: we are going to try to get the sheriff on the show and you have to watch him.
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to tackle is europe and not a market which many have called are missing piece is the us so we are keen to increase our presence. i want to ask you about the weakness of the japanese yen, which has pros and cons, i guess, for your company. has the weak yen forced you to change your strategy already, or are you concerned that if this persists, it would force you to change your strategy? translation: overseas sales account _ for 51% of our overall sales. our overseas profits account for 65% of our total profits. so the weak yen is welcoming news, but it means the strong dollar. and that's the fact that the cost of raw materials. i also don't think the current situation of extremely weak yen is good for the japanese economy, so i hope it will settle at an appropriate level soon. generation z, they all sit to drink much less alcohol than previous generations. so what are your strategies as consumers are increasingly choosing to stay sober?
than previous generations. so what are your strategies as consumers are increasingly choosing to stay sober? translation: well, the criminal is an area where we have - realised that younger people are increasingly choosing not to drink as much alcohol. we see this as a risk, but also as an opportunity. ourfirm is quite unique because about the majority because while the majority of our sales comes from beer and alcoholic beverages, we also have the capability to produce nonalcoholic beverages or soft drinks. injapan and australia 30% of our sales comes from soft drinks. our ability to produce both gives us a competitive advantage. head over to our website for more on that story, and how asahi plans to adapt to japan's shrinking population. flight attendants rejected a pay rise proposal from american airlines without the union which
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we go to a major trade fair to find out why. and adapting to change — howjapan's biggest brewer aims to attract a more sober gen z. welcome to business today, i'm sally bundock. we start in the us, where it's been another record—breaking day on wall street — with big tech very much leading the charge. both the s&p 500 and the nasdaq hit record closes on wednesday as the chip—making giant nvidia broke the $3 trillion valuation mark. 0vertaking apple and becoming the second most valuable public company in the us — behind microsoft. the meteoric rise of nvidia is driven by the artificial intelligence boom as investors bet big on its ability to provide the nuts and bolts behind the latest tech. to gauge just how far and how fast they've come it's worth looking at their share price, which started the year at under