Currency wars . At some point we ask for, have a weak dollar, which active in the next country can buy the same machines and shop in barcelona, see the local market. Are we looking at that end of the equation in terms of the offtake as they say in biofuels . Well, theres a famous economist in the 1800s called Jean Baptiste say that man creates its own demand and that is certainly true, particularly in this case. As companies become more perfect is come at cheaper the kind cheaper. So we dont have the worry about somehow people will want things. We have about 45,000 in this country and i guarantee you the vast majority people would rather have a Median Income of 200,000 for 400,000 or a million and thats just us. In terms of currency, currency is a problem. Fundamentally we cannot become our project even innovative is a country, were not going to get access to these markets. Why is the german philosophy as manufacturing jobs . Not because productivity went down. The renovation went up u
America . And second, what do you mean by needs . Do you mean American Labor or American Capital . And when you say needs, what makes manufacturing so special . When we look at the crowd, most people here dont make things. They spend all day reading and writing and talking people. Whats wrong with the Service Economy . Why do we need a renaissance to be better . Im a great fan of the Service Economy. I think theres an enormous amount of value created there. When we talk about america, we think about the royal we. And i would also add the longterm health of the country as a place to do innovation. Okay . And the principal thesis in the book that comes out of our research is that unlike the reputation that a lot of people associate with manufacturing, we actually think the ability to make things is fundamental to the ability to sustain innovation over the longer term. Especially when you have products or processes. And i think that was mr. Immelt referred to that earlier today. When you
President trump says his time in office has produced a Great American comeback. The president of the United States in his state of the Union Address mr trump set out his case for another four years in power. Jobs are booming, incomes are soaring, poverty is plummeting, crime is falling, confidence is surging, and our country is thriving and highly respected again. But the senior democrat rips up a copy of the speech, after her offer of a handshake was apparently snubbed. Well have the latest reaction live from washington. Also on todays programme. As the coronavirus death toll
in china reaches nearly 500, sick passengers are taken off a cruise ship docked in hong kong. Should non payment of the tv licence fee no longer be a criminal offence . The government launches a Public Consultation. The new head of Health Select Committee Says it will investigate changing nhs culture in the wake of the inquiry into jailed breast surgeon ian paterson. And more than a0 people are arrested in a crac
Youre watching bbc newsroom live. Its ham and these are the main stories this Morning British Airways cancels all flights to italy after the italian Prime Minister orders the most stringent nationwide restrictions since the second world war. Translation the right decision is to stay home. Ourfuture is in our hands. We must be responsible. In the uk, five people infected with the virus have died scientists confirm it takes around five days for coronavirus symptoms to appear. Night time delivery restrictions will be eased for some supermarkets to help stores keep their shelves stocked amid fears of panic buying. British holidaymakers on board the coronavirus hit cruise ship which was stranded off the us coast will be flown home this evening. In other news, the government is facing a rebellion today over its plans to allow the chinese telecoms giant huawei a role in the uks 56 mobile network. The Cheltenham Festival begins later, with racegoers being told not to go to this weeks event if
Hello, youre watching afternoon live im simon mccoy. Today at 2. State of disunion as Donald Trump Tells america how well his presidency is going Speaker Nancy Pelosi makes her feelings clear. Today at 5pm, the governments Cobra Emergency Committee is meeting now to discuss the coronavirus as chinese authorities step up their efforts to contain jobs are birmingham, incomes are the disease that has so far killed almost 500 people. Soaring, poverty is plummeting, crime is falling, confidence is sick passengers are taken off cruise ships as hong kong imposes surging and our country is thriving. A mandatory 14 day quarantine china takes further steps to control the spread on arrivals from Mainland China. Of the coronavirus as the death toll nears 500 while 10 people well be talking to a pandemic on a cruise ship test positive expert about what more is needed and hundreds of other to contain the coronavirus. Passengers are quarantined. The other main stories on bbc news at 5pm all we have b