Transcripts For BBCNEWS World 20240702 : comparemela.com

Transcripts For BBCNEWS World 20240702



guests were shown videos of the truck resisting a hail of bullets — racing a sports car — in sharp contrast to what happened two years ago where stuff was thrown at the window and the window broke. pulling huge loads — before the first customers got to drive their purchases away. one us magazine has called the project musk�*s �*adolescent video game fantasy�*. but tesla hopes the cybertruck — with its controversial design — will grab attention in an increasingly crowded market for electric vehicles amid a tough consumer environment. michelle fleury has more. the road he hasn't been easy. the last time elon musk took to the stage to promote the electric car company's cybertruck, its windows ended up being smashed. for two years later, as the company starts delivering the futuristic product to buyers, the problem has been fixed with customers there in person at the tesla factory in austin, texas to collect their cybertrucks and elon musk put on a show to mark this historic moment. this video shows a cybertruck beating a pusher in a drag race while towing a portion. but tesla's entry into the lucrative market is some two years behind schedule. at a time where high interest rates have dampened by a's ability to make new purchases. the cheapest model is $61,000. elon musk says the company has more than 1 million reservations and while the cybertruck isn't expected to turn a profit for several years to come given the enormous challenges and actually making it, the launch is an important part of the broader, bigger, tesla story. proving that the electric car maker can expand its range of customers in the years ahead. we asked dan ives from wedbush securities in new york — just who's going to buy this truck? look, you get 2 million reservations. we think about 40% of those are going to convert. it's a hell of fact for tesla, they have established a brand unique in the world and we think this is a historic day for tesla in terms of arriving as a potential game changer in terms of cybertruck for years to come. this is definitely controversial, a mad max design, but that was really the goal here. it wasn't going to be cookie—cutter and if you look at the mad max design here, i think it's something that is going to resonate with tesla loyalists, that's really what they are looking for in a crowded market. it's something to flex their muscles moment, it's controversial, but tesla has been there before and that's how they established a global brand. i still believe it is tesla's world, everyone else is paying rent in electric vehicles. to global markets now which have enjoyed their biggest monthly rally in over three years in november. the msci all—country world index rose almost 9% over the month. with the us—dow exchange closing on a record high for the year as investors bet heavily that interest rates are set to fall next year — as signs price rises are easing. that was at the close in the us. let's have a quick look at the markets in europe today. they seem to have continued the more optimistic tone. that's not what we saw actually in asia. let's just quickly show you that, too. they, of course, are preoccupied with other matters, china being at the centre of that. with that thought in mind, let's check in with russ mould, investment director at aj bell. it is fairto it is fair to say that the european and us markets are betting on interest rate rises, sorry, drops, pretty solidly now.— pretty solidly now. absolutely correct. there's _ pretty solidly now. absolutely correct. there's a _ pretty solidly now. absolutely correct. there's a feeling - pretty solidly now. absolutely correct. there's a feeling thatj correct. there's a feeling that inflation has peaked and is cooling, that we may well dodge a recession that we may well dodge a recession that was expected a year ago or at least get a very soft landing and as a result, markets and i think that the us federal reserve will cut interest rates from 5.5 to around 4.25% interest rates from 5.5 to around a.25% around next christmas the bank of england will follow with three or four rate cuts of his own, even though policy makers themselves are still saying, no, no, we are not going to. the war on inflation isn't one. , ~ , ., one. interesting. why that divergence _ one. interesting. why that divergence in _ one. interesting. why that divergence in thinking - one. interesting. why that i divergence in thinking there? one. interesting. why that - divergence in thinking there? i think policymakers made a mess on their view that inflation wouldn't be a problem two years ago, so i think markets are treating their caution now with a degree of their own caution. they are looking at the figures, the numbers being 0k, also markets looking at continuing growth in government debt and in the end, the governments can't afford those for too long. there will, perhaps, be some apolitical pressure but pressure nevertheless on governments to fund their own debts.— to fund their own debts. again, we are seeinu to fund their own debts. again, we are seeing a _ to fund their own debts. again, we are seeing a different _ to fund their own debts. again, we are seeing a different story - to fund their own debts. again, we are seeing a different story in - to fund their own debts. again, we are seeing a different story in asia | are seeing a different story in asia so what's on the mind of investors there? if so what's on the mind of investors there? , ., so what's on the mind of investors there? ,, ., ., ~' so what's on the mind of investors there? ,, ., ., , ., there? if you look at november and this ear there? if you look at november and this year at — there? if you look at november and this year at a _ there? if you look at november and this year at a whole, _ there? if you look at november and this year at a whole, the _ there? if you look at november and this year at a whole, the american | this year at a whole, the american market has been good, japan good, europe good, the uk not so much. the only real big markets that have fallen have been china and hong kong stock markets and that's really because of disappointment at the rate in which they have recovered post lockdown, we haven't seen the economic momentum there that markets have been expecting. property crisis, too much reliance on cheap debt and property speculation and american sanctions particularly on technology and foreign direct investment into china.- technology and foreign direct investment into china. thank you very much- _ let's turn to climate change now — and the cop28 summit in dubai — where world leaders have been speaking amid warnings that we are nowhere near where we need to be to curb global warming. in the opening speech, the un secretary—general said the �*earth�*s vital signs are failing'. and king charles urged global leaders to rise to this unmissable opportunity with a sense of emergency. but when it comes to cutting down on fossil fuels — research from the cdp — says there isn't one major oil or gas company that has plans in place to phase them out. joining me now is sherry madera — ceo at cdp — formerly the carbon disclosure project. they were behind that research. she is at the summit in dubai. what is yourtake on is at the summit in dubai. what is your take on what speakers they are saying on where we are on course to achieve any carbon reduction at all and how that fits with the 1.5% that has been targeted?— and how that fits with the 1.596 that has been targeted? thanks very much and really delighted _ has been targeted? thanks very much and really delighted to _ has been targeted? thanks very much and really delighted to be _ has been targeted? thanks very much and really delighted to be here. - has been targeted? thanks very much and really delighted to be here. i - and really delighted to be here. i think that we need to think when we are considering fossil fuel emissions, thinking about the whole of the economy emissions and what i'm getting a sense for here is that this year the global stock—take is happening at a cop28 so this is something everyone is looking at, what is that cosmic that's in measurement, an audit of where countries are versus their commitments have taken action. unfortunately, it is grim reading. but if we look at that from that standing point, ialso but if we look at that from that standing point, i also feel that there is a big push this year on minimising, decreasing and phasing out completely fossil fuels and the date —— data there says we need to get to zero. in order to meet that 1.5 degrees target that was set in paris. you mentioned there are a number of oil and gas companies that are unfortunately not meeting their targets as they have set them or even set incredible targets, the reality is that we have one out of 100 of the most influential oil and gas companies that we did research on that have a plan to be on track. but again, that is going to take measuring, monitoring, data for us all to keep each other held to account. ., , ., ~ ., account. so, do you think in order to net account. so, do you think in order to get back _ account. so, do you think in order to get back on _ account. so, do you think in order to get back on course, _ account. so, do you think in order to get back on course, carbon - to get back on course, carbon capture is going to play a big role? i think carbon capture is one of the areas we need to think of together collectively to understand what action we can take. of course, as we are talking about 1.5%, that is the end goal. the reality is we need to think about the trajectory. if you think about the trajectory. if you think about the trajectory. if you think about throwing a ball in the air, if there was no gravity it would continue moving in a ark upwards and what we want to do is create some friction. we want to create some friction. we want to create some friction. we want to create some gravity. if you're trying to create carbon capture but we are also adding to that policy reform, regulatory reform, transition plans that we are being held to account too, we are creating that gravity so things will start tipping over and coming back down. that's the goal here. we have to measure it and monitoring it in order to know where we are going. thank you very much forjoining us from cop28. we have an announcement from cop28. we have an announcement from aslef. its drivers have started a week—long overtime ban, we are getting updates on those talks right now. to a special report now on mozilla firefox. if you're old enough to remember, it was the third most—used browser on the internet years ago in the age of dial—up modems. that's now fallen to just 3%, far behind google's chrome and apple's safari. my colleague aaron heslehurst has been speaking to the chair of the mozilla foundation and asked her why it's still battling the giants of the internet. it's a very hard battle. competing with the joints in any technology is tough. as we live that difficulty every day. so, i think the idea of a head—on challenge to one of the giants in the design space they are working in is a long time coming. 0pen working in is a long time coming. open source has done that, on numerous occasions, but it does take time and it does take some changes in the environment. at mozilla, we have always said the technology or internet should not be immune from regulation because that is how citizens and societies exercise their vision of life into the business world. and you can see more of that interview and find out how china's economy is recovering a year after covid lockdowns were lifted, on "talking business with aaron heslehurst" this weekend right here on bbc news. in other news: the uk government's culture minister lucy frazer has ordered an investigation into the sale of the daily telegraph to a group backed by the ruling family of abu dhabi. the takeover is being bankrolled by sheikh mansour bin zayed al nahyan, best known in the uk for his ownership of manchester city football club. and it has raised concerns about the future of the influential conservative newspaper. a usjudge has blocked montana's ban on tiktok, saying it violated the constitutional free speech rights of users. in may, montana became the first us state to pass the ban which was scheduled to take effect on 1st of january. the law would have made it illegal for app stores to offer tiktok, and firms would have faced penalties of up to $10,000. don't forget, you can stay in touch with the team. thanks forjoining us. 160 feet up above that scaffolding, work has started to see it through the next hundred. a year—long conservation of a leaky chapel roof now complete, the focus shifts from conservation to sustainability. irate conservation to sustainability. we are conservation to sustainability. - are putting on 438 panels, that's 219 on each of the slopes, north and south, we will be complete by the end of december. 50 south, we will be complete by the end of december.— south, we will be complete by the end of december. so what does this all mean in — end of december. so what does this all mean in real— end of december. so what does this all mean in real terms? _ end of december. so what does this all mean in realterms? power- end of december. so what does this | all mean in realterms? power -wise, all mean in real terms? power —wise, an anticipated 123,000 kwh per year. that reduces carbon emissions by more than 23 tonnes a year, the equivalent of planting over 1000 trees. irate equivalent of planting over 1000 trees. ~ ., , , ., , trees. we are responsible for this amazin: , trees. we are responsible for this amazing, iconic— trees. we are responsible for this amazing, iconic building - amazing, iconic building representing tradition. but the couege representing tradition. but the college is really about education, young people always looking into the future and as we look into the future, we know we have to be serious about sustainability and that's what we really wanted to do and i think the energy of that came through and i think we caught the moment. . _, , through and i think we caught the moment. . , , moment. once complete, the panels won't change — moment. once complete, the panels won't change the _ moment. once complete, the panels won't change the view. _ moment. once complete, the panels won't change the view. a _ moment. once complete, the panels won't change the view. a view - moment. once complete, the panels won't change the view. a view that l won't change the view. a view that is equally as stunning from below and above. for more stories from across the uk, head to the bbc news website. we are breaking away from our international coverage to bring new continued coverage here in the uk of the covert inquiry. the former health secretary matt hancock is continuing to give evidence in london today, let's cross over life to the inquiry and take a listen in. i was aware of their public communications and if they wrote to me privately, i would have been aware of that, too. i was also aware of the overriding need to keep our below one in order to make sure the virus affected as few people as possible, especially older people who could catch it from their younger relatives or contact with younger relatives or contact with younger people. younger relatives or contact with younger negate-— younger people. you're not suggesting. _ younger people. you're not suggesting, are _ younger people. you're not suggesting, are you - younger people. you're not suggesting, are you mr - younger people. you're not - suggesting, are you mr hancock, younger people. you're not _ suggesting, are you mr hancock, that relaxing _ suggesting, are you mr hancock, that relaxing the rules in relation to children— relaxing the rules in relation to children would have taken the odd number_ children would have taken the odd number above children would have taken the odd numberabove one, are children would have taken the odd number above one, are you? children would have taken the odd numberabove one, are you? of children would have taken the odd number above one, are you? of course i am. that number above one, are you? of course i am- that is — number above one, are you? of course i am. that is the _ number above one, are you? of course i am. that is the clear _ number above one, are you? of course i am. that is the clear medical - i am. that is the clear medical position. —— r number.

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