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Transcripts For BBCNEWS Business Today 20240902

Below 50, then its going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Lets turn our attention of the year. Lets turn our attention to of the year. Lets turn our attention to us, of the year. Lets turn our attention to us, the of the year. Lets turn our attention to us, the Jobsl Attention to us, thejobs data, thats out this friday. Will thats out this friday. Will that have any impact on what the fed decides to do. We know theyre meeting in the next few weeks. ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the momentum is fallin

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Transcripts For BBCNEWS Business Today 20240902

Lets turn our attention to us as well and talk about the us jobs data, thats out this friday. Will that have any impact on what the fed decides to do . We know theyre meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global Markets Volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us Central Bank, to cut Interest Rate this month but whats concerning is that fed Policy Makers have had a Poker Face of not giving too much away until recently. We had a weak economic Data Release for the monthly jobs report in august and we have also seen a Data Revision where up to 850,000 jobs were potentially overestimated between april of last Year And March of this year.

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Transcripts For BBCNEWS Business Today 20240902

Has contracted in august for the fol then raight month. Has contracted in august for the fol then its iht month. Has contracted in august for the fol then its going nth. Has contracted in august for the fol then its going to 1. Below 50, then its going to grow as we continue into the new year. L115 grow as we continue into the new year grow as we continue into the new year. Us Obs Data is out this friday, new year. Us Jobs Data is out this friday, will new year. Us Jobs Data is out this friday, will not new year. Us Jobs Data is out this friday, will not have new year. Us Jobs Data is out this friday, will not have any| this friday, will not have any impact when the fed meets in a few weeks . Impact when the fed meets in a few weeks . Were looking at the hi. Hest few weeks . Were looking at the highest risk. Few weeks . Were looking at the highest risk, potentially, highest risk, potentially, economic event of the year so far. What weve seen last august was unprecedented. One of the ca

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Transcripts For BBCNEWS Talking Business 20240901

By 2030, and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we ve seen in decades have created challenging conditions for manufacturers and retailers, and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies report that sales have started to slip back once again. Let s have a look at some of those numbers. Global toy sales reached $108] billion in 2023, a 2% drop compared to 2022, with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But across the 612 countries, including the uk, france, germany, and spain, sales declined by 7% in 2023 compared with the previous year, but they were still 17% higher when compared to 2019, before the pandemic. I caught up with the boss of build a bear, a much loved company which allows shoppers to customise their own teddies. She s also the head of the global or

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Transcripts For BBCNEWS Talking Business 20240901

Brands barbie, fisher price and moi, that is mattel to find out how his company s fortunes are being revived. Wherever you are joining around the world, once again hello and welcome to the programme. It is a billion dollar industry driven by creativity and innovation with a global reach and a diverse market. The toy industry is forecast to reach $302 billion in sales by 2030 and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we have seen in decades have created challenging conditions for manufacturers and retailers and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies reported sales have started to slip back once again. Let s look at some of those numbers. Local toy sales reached $108. 7 billion in 2023, a 2% drop compared to 2022 with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But acr

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