The dowjones scores 20,000 for the First Time Ever. Is this the trump effect . And why indias universities are banning some start ups from recruiting on their campuses. Good morning, asia. Hello, world. It is thursday. Glad you could join us. We kick off with wall street, where us stocks crossed a major milestone. The dowjones us stocks crossed a major milestone. The Dow Jones Industrial average finishing above 20,000 for the First Time Ever and you also have the broader s p 500 and the nasdaq also at Record Levels. This is how asian markets are reacting to the dow jones 20,000. The nikkei gaining 1. 3 and the all 0rds hired by 20 points. Basically mr trumps Senior Adviser was quick to comment on the news, tweeting that the landmark was down to the trump effect, but is it . Lets have a look. Earlier i asked our Business Adviser if it really is the trump effect. Earlier i asked our Business Adviser if it really is the trump effectm you look at stocks, especially the dowjones, we you look at stocks, especially the dow jones, we have you look at stocks, especially the dowjones, we have seen it is up some 8 . Thats since the election of donald trump. Really when you look at some of the Executive Orders weve seen that mr trump put through over the last few days, what it is really signalling to wall street is that some of the promises that mr trump had campaigned on, things like rolling back some of the banking regulations, making the tax code in the us less, catered and making it easierfor people to the us less, catered and making it easier for people to invest, it would seem from wall street that in fa ct would seem from wall street that in fact the president will be trying to make those things reality. That said, you also have to consider the kind of economy that mr trump has inherited. We are seeing that the us Labour Market is doing well. The Unemployment Rate is at its laws level in about a decade and we saw that massive Stimulus Programme by the Us Central Bank and the federal reserve. All of that help to lift market to where they are today. Stocks have rallied, as you mentioned. The us dollar is still putting pressure on asian currencies are like the japanese yen, which is usually good news for majorJapanese Companies who exported overseas. But did mrtrump pulling companies who exported overseas. But did mr trump pulling out of the tdp and renegotiating the Free Trade Agreement means the weaker yen will not be much help . I asked someone from the Bank Of America what his forecast was for the japanese currency. I think given the Policy Divergences between the markup in the Bank Of Japan divergences between the markup in the bank ofjapan and the federal reserve, the yen will rise into the media and it should be about 120. But then you have the us political pressure, which might talk things down. So from the japanese policymakers perspective, the dollar is high but not too high is how they feel. They could also see at strengthening by the end of 2017. What does this mean for the local and export companies . The weaker yen is usually good forjapanese automakers and exporters, but at the same time you are seeing the us president basically wanting Japanese Companies to produce in the us and reduce exported from japan, potentially. So its a difficult situation. If you come to tokyo you see many european but not so many japanese cards and that the preference. So i think this Trade Issueis preference. So i think this trade issue is going to be quite challenging for the japanese government and japanese automakers. In other business news, facebook has announced changes to its Trending Feature to tackle the growing issue of tech news. In its latest bid it says facebook will not be personalised and the system will decide what is trending and everyone in the same region will see the same topics. Shares are down 13 in tokyo and were untraded at one point, due to too many orders and thats after the companys full year profitability came in lower than expected. Profit slipped at boeing last year because of lower deliveries of its aircraft, where the us Company Expects to deliver more commercial planes and improve its earnings going forward. Indias Start Up Companies have become the biggest recruiters of new graduates. Thejobs on offer are biggest recruiters of new graduates. The jobs on offer are amongst the most sought after banks to juicy salaries and attractive terms. Thats until this year. Many universities have now blacklisted a Numberfrom Universities have now blacklisted a number from recruiting on universities have now blacklisted a Numberfrom Recruiting on campus. This man is slowly getting used to the demands of professional life. He has been working as a trainee at a Foreign Company for the last six months. Although the Engineering Graduate counts himself lucky, it is not exactly his realjob. He wanted to work for an up start up and was recruited by one before he even graduated last year. 0nly recruited by one before he even graduated last year. Only to have the offer withdrawn within a few months. That left him with no prospects to find another opportunity. I started applying the companies and got some refusals because they didnt want to hire someone because they didnt want to hire someone who was initially hired in another company. It was a struggle to find the nextjob. Another company. It was a struggle to find the next job. It is not a situation students from the prestigious Indian Institute of technology expect to be in. For stu d e nts technology expect to be in. For students in india, securing a seat at iit is a big achievement. It is the indian equivalent of studying at somewhere like 0xford The Indian Equivalent of studying at somewhere like oxford university. Pa rt somewhere like oxford university. Part of the appeal is a chance of getting a Job Offerfrom part of the appeal is a chance of getting a job offer from Prestigious Company and these days Employment Opportunities and successful start ups are the most sought after, where people can do new and innovative things. If you want to be posted as a sales office or in the marketing division. Global investors have been pouring in capital to fund indian start ups, but most are struggling to make company dimeck money, which means too many cutting jobs. Struggling too many cutting jobs. Struggling to make money. In an effort to protect its students, the Iit Management has now and those companies from recruiting on campus at 23 of its branches throughout india. Our approach to startups this year has been more cautious. I also want to look at whether the Funding Opportunities and sources these companies have are viable or sustainable for a substantial period of time. The bbc contacted companies, but only a few responded. 0ne companies, but only a few responded. One of them said more than 10 million Young Indians enter Thejob Market more than 10 million Young Indians enter the job market every year and the ones who are in the start up sector expected to absorb a lot of them. But businesses can be risky. Both entrepreneurs starting out and for potential employees, hoping to work with them one day. The worlds against human migration is currently under way this week and ive been talking about the many people returning home for the Chinese New Year holidays, or the spring festival. It is chinas most important holiday, yet a seven day break comes to a halt. Except for, as these pictures show, Transportation Systems and tourist sites. I asked someone from a Travel Company whether there is a different trend this year. Beyond the numbers we see a polarisation of traveller preferences onto important dimensions. 0ne preferences onto important dimensions. One is how self focused they are and the second dimension in his how much control they are looking to exit on their travel. For chinese travellers we are seeing more and more travellers, about 50 , getting much more self focused. More and more travellers, about 50 , getting much more Self Focusedm is all about me and not about the family . About selfdiscovery and wanting to exert more control. Lets have a quick look at the markets. An historical day on wall street for the dowjones industrial as donna industrial and nasdaq and snp at Record Levels as well. It is rubbing off on the nikkei and the hang seng as well. Australia is closed today for a public holiday. Thanks for investing your time with us. Thanks for investing your time with us. Goodbye for now. The top stories this hour President Donald Trump has said his government will immediately start work on building a wall between the United States and mexico, something he promised on the campaign trail. A former north korean diplomat has told the bbc he thinks president kim jong un would be prepared to launch a Nuclear Attack on america if under pressure. Britains Prime Minister has decided she is prepared to publish a more detailed Government Paper on the strategy for brexit. Theresa may said she recognised there was an appetite for a white paper, after number of conservative mps joined labour in asking for a paper to be published. The Supreme Court ruled yesterday that mrs may could not begin the Brexit Process without parliaments approval. 0ur deputy Political Editor john pienaar reports. Remember him in the goggles . A once dominant pm out on his ear when britain chose brexit. What happens next . David camerons Doing Charity Work now, today visiting a medical research lab. Reporter are you worried about defeat Prime Minister . Now, his successors got her hands full with the tactical battle for brexit. And today, theresa may kept a half step ahead of her critics. Shed outlined her brexit game plan in a big speech, they wanted it in black and white. And as the time came for questions. A concession. Shed held off promising mps a policy paper, but now. I can confirm to the house that our plan will be set out in a white paper, published in this house. Jeremy corbyn was caught on the hop. Could we know when this white paper is going to be available to us . But he ploughed on. Will they withdraw the threats to destroy the social structure of this country by turning us into the Bargain Basement she clearly threatens . But the Prime Ministers kept the initiative and the brexit paper is unlikely to tell mps more than they know now. It was an easy concession for theresa may to make, but tory mps worried about brexit welcomed it. Shes also keen to appear ahead of the game when she visits donald trump in the white house later this week. And she told mps she wont duck policy differences. I am not afraid to speak frankly to a president of the United States. Im able to do that because we have that special relationship. Mps queued to offer issues where she could take on the new president. He must abide by and not withdraw from the paris Climate Change treaty. President trump has repeatedly said that he will bring back torture as an instrument of policy. When she sees him on friday, will the Prime Minister make clear that in no circumstances will she permit britain to be dragged into facilitating that torture . Time now for all the sports news in sport today. Hello and welcome to sport today with me, hugh ferris. We are live at the bbc sport centre. Coming up triple treble trouble. Nesta carter tests positive and usain bolt loses one of his nine gold medals. But its not because of anything he did. Egyptjoin ghana in the quarter finals of the Africa Cup Of Nations after beating The Black Stars in their final group game. And tiger takes a step into the unknown. The world number 663 is back on a full schedule for the first usain bolt has been stripped of one of the nine olympic gold medals that made him unique among sprinters. Its the medal he won in the 4x100 Metre Relay at the Beijing Games in 2008. Its now emerged that one of his team mates Nestor Carter tested positive for a banned stimulant after sa m ples were re tested. It means bolt no longer holds the accolade of having won the triple triple as Katie Gornall reports. In a sport measured in fractions of a second, this was an astonishing feat of longevity. Commentator the triple triple
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