Transcripts For BBCNEWS Business Today 20240912

That. Rate cut next week. Everyone seems to be talking about inflation because of the us president ial debate, if you watch that, did you see the potential Policy Shifts based on the candidate � s . Mat on the Candidate S . Not reall , on the Candidate S . Not really. They on the Candidate S . Not really, they had on the Candidate S . Not really, they had a on the Candidate S . Not really, they had a lot on the Candidate S . Not really, they had a lot of| really, they had a lot of political rhetoric but not a lot of policy information. We already kind of know where both candidates stand on addressing inflation, i would candidates stand on addressing inflation, Iwould Run candidates stand on addressing inflation, i would run a candidates stand on addressing inflation, Iwould Run a number of scenarios through our macro model to kind of gauge what the inflationary implications are ranging from trade, government spending, taxes, generally, former President Trump would be more inflationary than Vice President paris because of the tariffs which are inflationary, consumers would pay the price of those tariffs and stricter immigration which means tighter Labour Markets and stronger. By Labour Markets and stronger. By the us which would raise inflation a little bit. Not a lot of new information last night, just that the political focus is on ringing inflation down but their policies for the next couple of years say otherwise. Next couple of years say otherwise. ~ ,. , otherwise. Markets have been volatile lately, otherwise. Markets have been volatile lately, will otherwise. Markets have been volatile lately, will and volatile lately, will and Interest Rate Cut be able to stabilise things . fix, Interest Rate Cut be able to stabilise things . Interest Rate Cut be able to stabilise things . A Rate Cut the beginning stabilise things . A Rate Cut the beginning of stabilise things . A Rate Cut the beginning of this stabilise things . A Rate Cut the beginning of this year i stabilise things . A Rate Cut i the beginning of this year and theyre finally going to get it, whats going to require calming in the financial markets is the stabilisation in the us labour market, some Easing And Policy and certainty around the us president ial Election-uncertainty'>Election Uncertainty around the Election. Election uncertainty around the Election. The Election. Ryan sweet speaking the Election. Ryan sweet speaking there. Shares in Trump Media the company which operates the former president s truth social site 7 slumped on wednesday. Heres Ritika Gupta with the details. Shares of Donald Trumps social Media Company plunged over 10 on wednesday following his debate against his president ial Election rival, Kamala Harris. Trump media, which operates truth social and is majority owned by trump, fell to a Record Intraday low. At times, the stock has become a way for traders to bet on trumps political fortunes, and the move comes as his odds of winning the Election have fallen to 47 , according to data from betting market website predictit. Trump media, which went public earlier this year, is also facing the expiration of a Lock Up period as soon as september the 19th. This will enable insiders, including trump himself, to start selling shares. This May Add to pressure for the stock, which has struggled badly in recent months, resulting in its once 10 Billion Market Valuation falling below 3. 5 Billion. Bangladesh is urgently asking for 5 Billion in financial aid from international lenders. The head of the interim Government Muhammad Yunus says the money will be used to stabilise low foreign exchange reserves. A new government was sworn in last month after the ousting of prime minister sheikh hasina. Yunnus added that hes of prime minister sheikh hasina. China is taking new measures to attract more foreign investment as the government tries to boost the economy. Earlier this week beijing said itll allow foreign investment in the Health Care sector. The government is also opening up manufacturing to foreign investment. But there are 29 other sectors that remain under restrictions including mining and telecommunications. The changes will kick in in november. But with the slowdown in china, foreign Investment Overall has been falling. Economist Harry Murphy Cruise explains whether the new measures can kick start the sluggish chinese economy. Its probably one where the headline is more exciting than the reality, most of chinas and manufacturing sector with Artie Open to foreign ownership and foreign investment, what we saw earlier this week, it really only impacts a sliver of manufacturing that does have these kind of barriers, traditional chinese medicine, not a massive change on the manufacturing front, the Health Care Reform certainly more impactful i think, thats been a sector thats traditionally been quite insulated in china, the fact we are allowing some privately owned hospitals to take form as well as Investment Into Biotech is a much bigger advancement. Into biotech is a much bigger advancement. � ,. ,. , advancement. Theres been a lot of restrictions advancement. Theres been a lot of restrictions on advancement. Theres been a lot of restrictions on joint of restrictions on joint ventures, is this of restrictions onjoint ventures, is this signalling it will be a easier Business Environment to fit in . There really reflects environment to fit in . There really reflects just environment to fit in . There really reflectsjust how environment to fit in . There l really reflectsjust how poorly really reflects just how poorly Chinas Economy is going at the moment, the Property Market continues to go south, households arent spending and now weve got the real bright spot of Chinas Economy, manufacturing exports start to dim with those. Trying to attract more foreign investment to get that Growth Source to fill the gap is currently there, things like opening manufacturing, a little bit more opening up, Health Care. China has to walk the walk here, brought her in forms to encourage that investment to come into china, just being open and knowing it isnt enough, it has to be an easy environment to do business. When us businesses at the moment some of those troubles they face are around those regulations strict in china, continuing privatisation of domestic firms by local government, thats more of the reforms needed to attract investment into the country. Openai is in talks to raise 6. 5 Billion in funding at a valuation of 150 billion. That would be more than 70 higher than the Companys Valuation in february. The maker of Chatgpt Products is one of the fastest growing startups in silicon valley. This raises the question about how to regulate this fast growing market. Governments are. Artificial intelligence. Governments around the world are discussing ways to regulate the use of artificial intelligence. With more companies using ai, theres growing concern about potential dangers for humanity. Our next guest says misinformation is one of the biggest risks. Joining me now is Communications Law Expert Chris Watson whos in singapore for techlaw. Fest. Chris, thanks for joining chris, Thanks Forjoining me. First of all, why is it so difficult to raise ai . Its immensely difficult to raise ai . Its immensely powerful. Difficult to raise ai . It� s immensely powerful and its not located anywhere in particular. The jury additional issues about who exactly you can regulate and how you regulate them are the first point, its very difficult puzzle to crack. So should governments be looking to work together or do they risk for example, if one government creates a very strong legislation they risk their four companies choosing not to be based there and they are missing out on the Ai Party so to speak . Are missing out on the Ai Party so to speak . Are missing out on the Ai Party so to speak . So to speak . There is a risk that governments so to speak . There is a risk that governments would. That governments would legitimately have, in practice it seems to work the other way, the need to comply with the stricter standards can drown out the lowest standards. You will tend to devise a product that you consult everywhere which will therefore have to meet the strictest standards, if you get the Mix Right you can actually as a regulator, as a Trading Block like perhaps the eu, you may find youre able to impose a standard on the world by being stricter, providing it allows sufficient development and growth. It could be a race to the top rather than a race to the bottom. When it comes to issues, this information on human rights, some of their concerns that have been raised. China thinks it could cause social destruction, is this justified or we can we see ai being a cause for good . Bi is being a cause for good . Ai is definitely being a cause for good . Ai is definitely a being a cause for good . Ai is definitely a cause being a cause for good . Ai is definitely a cause for being a cause for good . It 3 definitely a cause for good, but i think china is also correct that it can be used to cause social destruction, we seen it in countries well outside china in Western Europe where it affects for example the Taylor Swift take in the us Election, have caused significant democratic change, lets say. I think the fears are completelyjustified and are completely justified and borne are completelyjustified and borne out by events. Just briefly if borne out by events. Just briefly if you borne out by events. Just briefly if you are borne out by events. Just briefly if you are to borne out by events. Just briefly if you are to instruct governments around the world about what they would do about al, with the top tip you would ai, with the top tip you would give them . Ai, with the top tip you would give them . Stick as closely as ou can give them . Stick as closely as you can to give them . Stick as closely as you can to the give them . Stick as closely as you can to the strongest you can to the strongest generally accepted principles. There are some oecd principles about how to regulate ai and how to recognise it and then how to recognise it and then how to recognise it and then how to regulate it. As closely you can stick to those more likely it is that your regulatory output will be internationally acceptable. Chris watson in singapore for tech law. Festa, tech expert, Thanks Forjoining me. More than 30,000 workers at Boeing Factories in Washington State and oregon are due to vote on a new four year contract. He the proposed deal, which has been recommended to workers by the iam union, includes a Pay Rise of 25 over the next four years. If they reject it, Strike Action could follow. Before we go, lets turn to the Music Industry where popular Rapper Eminem has just made billboard history. The rappers 2005 album curtain call, the hits has spent more than 700 weeks or more than 13 years on the Billboard 200 charts. 0nly five albums before this have reached this milestone. Congratulations indeed to eminem. And thats it for this edition of business today. Well have more News Day of the top of the hour, and sport is P Top of the hour, and sport is up next. Its all Coming Up on bbc news. Hey, im lola with the catch up. Tonight harris and trumps debate, new rights for renters, and would you buy a disney themed house . Donald trump and Kamala Harris, the two candidates wanting to be the next us president , have finally met and debated. So what happened . Kamala harris. It started politely with a handshake, but things got heated pretty quickly. Everybody knows shes a marxist. People start leaving his rallies early out of exhaustion and boredom. They debated issues like The Cost Of Living and abortion. Will she allow abortion in the eighth month . Ninth month . Seventh month . Come on. Would you do that . The government and Donald Trump certainly should not be telling a woman what to do with her body. They got to immigration. In springfield, theyre eating the dogs. The people that came in there eating the cats. That claim without evidence from Donald Trump. Taylor swifts had her say in an insta post. She says shell be voting for Kamala Harris to be president. The Election is on the 5th of november. A new law to stop landlords evicting tenants in england without a reason will be in place by next summer. Labours renters Rights Bill will also ban bidding wars, set a Time Limit for landlords to fix problems and give tenants the right to have a pet. Landlords say they need time to prepare for these changes. Time for 10 seconds of a whole new world. Well, that could be the case for one lucky buyer of this disney themed home in wales. The house features rooms dedicated to aladdin, the Lion King and even harry potter. Youre all caught up. Have a great night. Hello and welcome to sportsday im will perry, Coming Up. Nfl Star Tyreek Hill says he could have handled things differently, but still calls for action against the Police Officers who dragged him from his car. In who dragged him from his car. Football, how we ge from in football, how we get better from things is we watch the tape and we get better from it, you know . And this instance, we should do the same. Australia beat england in the first of three t20 matches. And theres a royal ruck at the palace as the king welcomes the black fearns. Great to have you with us. First, to the news that Miami Dolphins Wide Receiver Tyreek Hill says he could have handled himself better in the initial moments of a Traffic Stop on sunday that led to him being handcuffed and pulled out of his car by Police Officers near the teams stadium. Hill says he wishes he did some things differently including leaving the window of his car down when officers instructed him to do so. He instead rolled the window up. The incident escalated quickly from there and hill thinks