Capital hike. And investors try out the latest cost cutting measures. The telecommaker is shedding an additional 10,000 jobs by around 14 . A very good morning to you. If youve just joined us in europe, good afternoon. If youre watching in asia, and well get on to you in todays show on, as well. Sideline. Instead americas trading partners in asia have been left frustrated. Well have the latest from the apex summit in bali. Plus at 10 35, a new hsbc report shows infrastructure trade will triple by 2030. Well ask whether the surge is likely to come from developed or emerging nation peps. Investors appear to be stamping their seal of approval on the royal mail ipo. But does a last minute rush before the deadline suggest the governments share price evaluation was wrong . Well get the latest at 0 20. And it was bought for 200 million in 2001 and now its worth 250 million. Well be joined by the coowner of the ultimate fighting championship. To find out how he helped make the franchise a knoc
Court. It appears we may be on the brink of default and a possible credit down grade predictbly. Members of congress are playing the blame game. This republican habit of an tajing any effort to move forward is a luxury our country cannot afford. I think the republicans are making a good faith effort from the house, and their provisions of it that the democrats agree with, but its a reason to negotiate. Instead the democrats are rejecting it out of hand, and i think thats wrong. So of course there was a lot of talk but no agreement to end the stalemate. Wall street was optimistic about the deal but then it went south. We go to libby casey, shes on capitol hill for us. Libby, some kind of a deal among republicans are taking shape there at the house where you are. Whats in t and who is going to like it, who is going to hate t and we might get a vote this evening . Reporter heres the deal, tony. Too mean people in the house do not like t and now the house bill is in limbo. Heres whats goin
Investments we need to make to train our future work force and to create an environment in which we can care for the elderly. The think americans will remain optimistic but this did of the economy . If we have not tackle the things we have just talked about like the cost of education, the Housing Market . We are figuring out some philosophical issues about taxing and funding . I think the economy has been growing slowly and steadily all in the absence of any movement, which we have seen over the test of the last year. I have worked on guantanamo for the past 10 years. My sense is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, in a long time, at least we will not see head winds. We are making some progress. I see that continue. I want to come back to what todd said earlier. I am concerned about confidence being fragile. Todd reference what happened until august of 2011. We saw in limited to lie confidence tank. M
It is already Christmas Day in beth los angele bethlehem, tf people from around the world have garth toerd celebrate the birth of jesus as nick reports, many of the faithful were on hand for Midnight Mass at the church of the native at this. Reporter thousands of pill grahams from all over the world have flocked to that church behind me. Its actually the largest turn out in decades, thats boosting hopes for peace here in this holy city in this little town of bethlehem. Here in bethlehem, a solemn celebration of one of christianitys most sacred moments. Traditional holtz of birth of jesus took place below this church in the early hours of december 25th. So after 12 00, the sounds of mid night mass filled st. Katherines chapel. Reporter holland tingeses, pilgrims, pal still Vinnie Christians all marking christs sacrifices and playing for pea peace. Hope for your homelands and families through the new year. Reporter the jerusalem arch wish oven who is jordanian blessed the crowd in six la
And we begin in be beth bethlehem where it is Christmas Day. Nick is there, and he joins us live. Nick if you could what is it like for you. You have been there for years but for people who have never been there to bethlehem to take in Christmas Day in that particular city in tony it is such an amazing and special space. And thousands of people came here from all over the world, and it is the largest turnout in years, and that is boosting peace in this tiny town of bethlehem. Here is bethlehem, a solemn celebration of one of chris christianities most sacred moments. After 12 00 the sounds of Midnight Mass filled st. Katherines chapel. Politicians, pilgrims Palestinian Christians all marking christs sacrifices. Hope and reconciliation, on your homelands and families through the new year. Reporter archbishop blessed the crowd in six languages he told palestinians to stop infighting and prayed for all in the holy land including palestinians and israelis. Just a few feet away, this man is