And demonstrations french unions urge more than 5 million workers to take to the streets. And staying relevant the World Bank Says more needs to be invested in education, before Artificial Intelligence axes millions ofjobs. Welcome to World Business report. Im sally bundock, also in the Programme Online retailers in china position themselves to meet the growing demand from the aspirational middle classes. Rico will have the details. But first, a case of de ja vous france is braced for mass strikes and protests today. Unions have called on their 5. 4 million members to take to the streets. So whats got them marching this time . Theyre angry about massive job cuts in the Public Sector 120,000 positions are to be axed over the next five years. Plus the unions are calling for higher wages that they argue have become stagnant and hugely impacted their buying power in the country. Another main Sticking Point is proposed changes to Social Security contributions. President macrons plans would
The moment. Traders across europe are waiting on the speech from the leader of catalonia today. Expats sending money home can add hundreds of billions of dollars to a countrys economy, especially in developing nations. Well be speaking to the man behind worldremit, the tech company specialising in worldwide remittance. With the global cost of obesity forecast to hit more than a trillion dollars we want to know how you would tackle the problem of bulging waistlines . Just use the hashtag bbcbizlive. Hello and welcome to business live. Please send us your comments on the issue of obesity, automated, france, strike action, you name it. We have got lots in the programme today. Lets get started. Deja vous france is braced for mass strikes and protests today. Civil Service Unions have called on their 5. 4 million members to take to the streets. So whats got them marching this time . Theyre angry about massive job cuts in the Public Sector 120,000 positions are to be axed over the next five y
It would create more opportunity, more equality, more more more entrepreneurs. But actually the reverse is true. Its creating these enormously powerful monopolyists which are very, very bad for innovation. We dont live i mean, amazon was we never saw amazon coming. We saw all these Little Stores and all the people who could do e commerce and sell never anticipating that literally there would be an amazonian monopoly. Yeah, i think were back if you want to think about the boom bust in history. Were back in the mid 90s where microsoft at that point was so dominant that it was stymieing innovation. If you think if microsoft hadnt been challenged in the courts we never would have had web book 2. 0, we never would have had google or facebook. At a similar point where we have the companies are actually also now antiinnovation, and ironically, regulation will make more innovation rather than the reverse. Andrew, why do you think the Silicon Valley doesnt have enough contrarians . Its a pretty
Nfib Small Business optimism and we will get retail sales at 8 30 a. M. And earnings before the bell. Scarlet fu will take us through jpmorgan at 7 a. M. With earnings. Bill cohan will join us. How many big banks are there . Five or six. We will have earnings all week. We will have a lovely roundtable like states of the bank. Falling revenue. This is a data check. Everything is up a little bit after the fade yesterday. There is a lot of other Global Statistics just as weighty. Vxx was under 12 yesterday. Gold was 1250 when i walked in the door. The chinese currency is strong. Lira moves through new weakness. I dont want to overplay this. This is the beginning of the year and you can see we faded yesterday after 10 p. M. Its not a plunge. Busy yesterday about 3 p. M. And then it got even busier. We skerritt we scoured the papers. A new year, new leaf for congress . We have seen the house and Senate Negotiators agree on a budget through september. They unveiled a 1. 1 trillion spending p
Small businesses are also dealing with the impact of 2018s Supreme Court ruling, in this case south dakota versus wayfarer. In the wayfarer decision, the courts gave the greenlight to Small Businesses becoming Tax Collectors when they sell online. Collecting taxes for states even where businesses had no brickandmortar presence. Small businesses had never been responsible for this kind of tax collection before. Almost immediately after the ruling came out, state states across the country became began passing these laws. Speaking out alongside them were those in New Hampshire, montana, also states without sales tax. That is why montana senator has been a leader on this issue. But its not just the burden of states without sales taxes. Its a burden for Small Businesses everywhere. Let me repeat that. It is a burden for Small Businesses everywhere. Sales taxes in america are very complicated. 45 states and different localities have different tax rates, different tax definitions for taxable