【Oct.29】Business Today | BBC 今
字幕摘录
| 时间 | 英文 | 中文 |
|---|---|---|
| 0:06 | Standing charges on household gas bills are to be scrapped for around 23 million homes. | 大约2 300万户家庭的燃气费将被取消。 |
| 0:13 | The Chancellor's just made this announcement ahead of his budget. | 总理刚刚提前宣布了预算 |
| 0:17 | Restoring business confidence, | 恢复商业信心, |
| 0:19 | the British Chambers of Commerce calls on the Chancellor to kickstart the economy, we'll | 英国商会呼吁总理启动经济,我们将 |
| 0:24 | be hearing from one of its directors. | 将听取其中一位董事的意见。 |
| 0:27 | Also in the programme, will they or won't they | 节目里,他们会不会 |
| 0:30 | in the US? | 在美国? |
| 0:31 | All eyes are on the Federal Reserve to see if they'll raise interest rates this | 所有目光都集中在美联储 看他们能不能提高利率 |
| 0:35 | time as the cost of living continues to climb. | 随着生活费用继续攀升,时间也随之增加。 |
| 0:38 | And General Motors changes gear, deciding | 而通用汽车 改变齿轮,决定 |
展开字幕全文（338 条）
| 序号 | 英文 | 中文 |
|---|---|---|
| 1 | Standing charges on household gas bills are to be scrapped for around 23 million homes. | 大约2 300万户家庭的燃气费将被取消。 |
| 2 | The Chancellor's just made this announcement ahead of his budget. | 总理刚刚提前宣布了预算 |
| 3 | Restoring business confidence, | 恢复商业信心, |
| 4 | the British Chambers of Commerce calls on the Chancellor to kickstart the economy, we'll | 英国商会呼吁总理启动经济,我们将 |
| 5 | be hearing from one of its directors. | 将听取其中一位董事的意见。 |
| 6 | Also in the programme, will they or won't they | 节目里,他们会不会 |
| 7 | in the US? | 在美国? |
| 8 | All eyes are on the Federal Reserve to see if they'll raise interest rates this | 所有目光都集中在美联储 看他们能不能提高利率 |
| 9 | time as the cost of living continues to climb. | 随着生活费用继续攀升,时间也随之增加。 |
| 10 | And General Motors changes gear, deciding | 而通用汽车 改变齿轮,决定 |
| 11 | to leave the New York Stock Exchange for the NASDAQ, hoping the move will make investors | 离开纽约证券交易所去纳斯达克 希望此举能让投资者 |
| 12 | see the company in a different light. | 在不同的光线下看到公司。 |
| 13 | Welcome, you're with Business Today in London with | 欢迎,你今天在伦敦的商务部 |
| 14 | me Sally Bundock. | 我萨莉・邦多克。 |
| 15 | So we begin in the UK where it is Budget Day and in Westminster after | 我们从英国开始 也就是预算日 之后在威斯敏斯特 |
| 16 | Prime Minister's questions, the Chancellor John Healey will set out his plans for the | 首相的提问 约翰·海利将提出他的计划 |
| 17 | economy, public spending, taxation in a statement that will be closely watched by everyone from | 经济、公共开支、税收 将受到每个人的密切关注 |
| 18 | businesses to financial markets and households. | 企业对金融市场和家庭的影响。 |
| 19 | So we've just had a pre-budget gift from the | 我们刚收到预算前的礼物 |
| 20 | Chancellor and the Treasury in the last hour confirming that they are to abolish standing | 总理和财政部在最后一小时确认他们要废除地位 |
| 21 | charges on gas mills. | 汽油厂收费。 |
| 22 | That's an average of £108 fixed cost on annual bills. | 每年的账单平均固定成本为108英镑. |
| 23 | This came | 来了 |
| 24 | after a review announced by the Prime Minister Andy Burnham a week ago. | 在一周前首相安迪·伯纳姆宣布审查之后 |
| 25 | There will however | 不过... |
| 26 | be winners and losers as the costs will be added to the unit price of gas. | 成为赢家和输家,因为成本将计入天然气单价。 |
| 27 | The Treasury | 财政部 |
| 28 | is calculating that 60% of households will gain an average of £45 a year. | 计算60%的家庭平均每年获得45英镑。 |
| 29 | Well our business | 我们的事 |
| 30 | correspondent Theo Leggett has been out and about in Ipswich to find out what the locals | 通讯员 Theo Leggett在伊普斯威奇 查查当地人 |
| 31 | there are hoping for in this budget. | 预算有希望。 |
| 32 | As kids focus on their martial arts moves at this | 当孩子们把精力放在武术上的时候 |
| 33 | community centre in Ipswich, their parents are worried about making ends meet. | 伊普斯威奇的社区中心, 他们的父母担心 使结束满足。 |
| 34 | They're | 他们是 |
| 35 | hoping the Chancellor won't pull his punches when it comes to helping them in his budget. | 希望总理不会在预算上帮助他们时 给他一拳 |
| 36 | You know you look for the next six months, people are going to be having the heating | 你知道你寻找 接下来的六个月, 人们会得到的暖气 |
| 37 | on more, lights, TVs, things like that as it's drawing into winter so yeah I think | 灯光,电视, 类似的东西,因为它正在进入冬天。 |
| 38 | definitely reducing the energy costs somehow. | 一定能降低能源成本 |
| 39 | Oil, food, gas and electric, if they can | 石油、食品、天然气和电能,如果可以的话 |
| 40 | do something with water that would be good, that's like £90 a month for a water bill | 用水做点什么 水费一个月90英镑 |
| 41 | and there's two of us. | 还有我们两个 |
| 42 | A great deal has changed here on Downing Street since the last budget | 唐宁街自上次预算以来 变化很大 |
| 43 | 11 months ago. | 11个月前 |
| 44 | There's a new Prime Minister in number 10 for a start and a new Chancellor | 10号有位新总理 和一位新总理 |
| 45 | John Healey in number 11. | 约翰·海利在11号。 |
| 46 | But the economic climate if anything has become chillier and | 但是,如果经济气候 已经变得更冷和 |
| 47 | that means he's already facing calls to do more to help people with the rising cost of | 这意味着他已经面临一些要求 做更多工作来帮助人们 应对不断上涨的成本 |
| 48 | So what could Mr Healey's famous red briefcase contain this time? | 那么Healey先生的著名红公文包 这次能装什么? |
| 49 | With petrol and diesel prices | 汽油和柴油价格 |
| 50 | soaring he could continue to freeze or even cut fuel duty. | 他可能继续冻结甚至削减燃料税。 |
| 51 | Gas and electricity bills are rising. | 煤气和电费不断上涨。 |
| 52 | Campaigners want them brought down. | 竞选者希望他们被击落。 |
| 53 | Nearly a million young people are not in education, | 近100万年轻人没有接受教育, |
| 54 | employment or training. | 就业或培训。 |
| 55 | Addressing that's already a government priority. | 解决这已经是政府的优先事项了 |
| 56 | But at the same time | 但同时 |
| 57 | existing public services have to be paid for and inflation's pushing up the cost. | 现有的公共服务必须支付,通货膨胀正在抬高成本。 |
| 58 | Small businesses meanwhile say they're struggling with high employment costs | 同时,小企业说,他们挣扎 与高就业成本 |
| 59 | but economists think any help from the Chancellor will be tightly focused. | 但经济学家认为总理的任何帮助 都将集中精神 |
| 60 | He could look at measures that impact only certain sectors so hospitality particularly | 他可以研究仅影响某些部门的措施,特别是: |
| 61 | have been saying that they are under very very acute pressures that the high streets are in a | 他们一直说,他们承受着非常严重的压力, 高架街道正在 |
| 62 | lot of trouble so there could be something around business rates that's impacting only certain types | 麻烦大了,所以可能有些事情 围绕商业利率,只影响某些类型 |
| 63 | of businesses. | 企业。 |
| 64 | The key decisions have already been made behind the closed door of number 11. | 11号门后已经作出重要决定。 |
| 65 | Today the rest of us will find out what they are. | 今则余人悉知其本. |
| 66 | Theo Leggett, BBC 新闻. | |
| 67 | Well as we've mentioned | 正如我们提到的 |
| 68 | one key decision's already been announced this morning which is pretty unusual on budget day. | 今天早上已经宣布了一个关键的决定 这在预算日是不寻常的 |
| 69 | Let's bring in Anna MacDonald investment strategy director at Hargreaves Lansdowne. | 让我们请来安娜·麦克唐纳 在哈格里夫兰斯当的投资策略主任 |
| 70 | Morning Anna. | 早安,安娜,你好吗? |
| 71 | Good morning Sally. | 早上好,萨莉。 |
| 72 | So the Chancellor is keeping us all on our toes today already an announcement | 所以大王今天就把我们都关在脚趾上 已经宣布了 |
| 73 | out there the abolishment of standing charges on gas bills. | 在那里,废除 天然气账单的长期收费。 |
| 74 | Yes and it's another step that we've | 是的,这是另一个步骤,我们已经 |
| 75 | seen of this the desire of the PM and the Chancellor to give people breathing room because | 总理和总理希望给人们喘息的空间,因为 |
| 76 | they recognise that the cost of living has gone up substantially because we're seeing the inflation | 他们意识到生活成本大幅上升 因为我们看到通货膨胀 |
| 77 | just go up a lot because of the actions in the Strait of Hormuz. | 因为霍尔木兹海峡的行动 才开始上台 |
| 78 | So they are trying to provide | 所以他们试图提供 |
| 79 | bits and pieces around the edges that are just going to help us feel a little bit better and | 边缘上的零星碎片 只会让我们感觉好一点 |
| 80 | that they are trying to keep the cost of living down. | 他们试图降低生活成本。 |
| 81 | And it does feel like this is very much a | 它确实感觉 这是一种非常 |
| 82 | steady as it goes budget don't rock the boat there's just going to be a bit of tinkering | 预算稳定,不会摇动船 那里会有点修补 |
| 83 | here and there. | 这里和那里 |
| 84 | Are you expecting any big news today or not? | 今天有没有重大消息? |
| 85 | Well the Chancellor has kept his | 那么,总理一直保持他的 |
| 86 | cards very close to his chest which has meant that there has been actually not too much speculation | 他的胸口很近 意味着没有太多猜测 |
| 87 | which is pretty good for example I can see what our clients are doing every day | 比方说,我看得出客户每天都在干嘛 |
| 88 | and in previous budget run-ups they've tried to anticipate things regarding and paid attention | 在之前的预算预案中 他们试图预测和关注 |
| 89 | to the rumours. | 对谣言。 |
| 90 | Now luckily there haven't been too many rumours and we've got some big decisions | 幸好没传太多谣言 我们有大决定 |
| 91 | that do need to be made but it seems like they're going to be made after the budget. | 需要做,但似乎 预算之后会做。 |
| 92 | We've got Andy | 我们有安迪 |
| 93 | Byrne and the PM's 10-year plan, we've got the Tim's review into benefit spending, the pension | 伯恩和首相的十年计划 我们让蒂姆审查 福利支出 养老金 |
| 94 | commission and then some big spending reviews particularly the defence one which is really | 佣金,然后一些大开支 特别审查 国防,这是真正的 |
| 95 | important. | 这很重要 |
| 96 | So it's been described as a manana budget you know waiting to to see things what | 所以,它被描述为马纳纳预算 你知道等待事物 |
| 97 | things are going to be like tomorrow and the next day and pushing things further down but | 事情会像明天和第二天 将事情推得更远 |
| 98 | I think there will there's normally one or two rabbits to pull out the hats so we'll see what | 我想通常会有一两只兔子把帽子摘下来 这样我们再看看 |
| 99 | those are but we do want as much as possible to to have as much certainty as we can and that's | 但是我们确实希望 尽可能有确定性 |
| 100 | a big relief after the budget. | 预算之后大有省力 |
| 101 | One of the fears that has has been in in in government ever since | 从那时起,政府一直存在的恐惧之一 |
| 102 | the Liz Trust mini budget is how markets will react and in particular government debt markets. | Liz Trust的小型预算是市场的反应方式,特别是政府债务市场。 |
| 103 | What's your thoughts on that Anna? | 你对安娜有什么看法? |
| 104 | Well I think that there has actually been some quite positive | 我认为,实际上有一些相当积极的 |
| 105 | news in the UK. | 英国新闻. |
| 106 | We've had better economic growth than we expected and also we've we we know that | 我们的经济增长比预期的要好 而且我们知道 |
| 107 | our borrowing costs whilst they remain quite high haven't gone up as much as our European | 我们的借款成本虽然仍然很高 但并没有我们欧洲人那样高 |
| 108 | neighbours have and the US has in the last say since July when we last had a kind of idea that | 邻国和美国在最后一句话,自从7月份我们有一个想法 |
| 109 | there may be some kind of peace agreement in the Middle East. | 中东可能有某种和平协定。 |
| 110 | So I think the market is rewarding | 所以我认为市场是值得的 |
| 111 | us actually and thinking about our long-term fiscal stability has been quite well managed. | 实际上,关于我们的长期财政稳定,已经得到了很好的管理。 |
| 112 | So yes the bond markets will be watched very closely by the treasury to see how they react | 因此,是的,债券市场 会被非常密切的监视 财政部看 他们的反应 |
| 113 | but if it is a steady as she goes budget hopefully they will stay quite calm. | 但是,如果这是稳定的,她去预算 希望他们会保持相当平静。 |
| 114 | Anna we thank you again | 安娜,我们再次感谢你 |
| 115 | for your time today. | 为您今天的时间。 |
| 116 | I know it's very busy for you so we'll let you go. | 我知道你很忙 所以我们就放你走 |
| 117 | Anna McDonald there from | 安娜·麦当劳 |
| 118 | Hargreaves降落下来。 | |
| 119 | Well let's take a look then at what the business community is wanting | 好吧,让我们看看,然后 商业界想要什么 |
| 120 | from this budget today. | 从今天的预算。 |
| 121 | The British Chambers of Commerce has urged the Chancellor to find a way | 英国商会敦促首相想办法 |
| 122 | to reset business confidence and escape the so-called fiscal cage that they argue has trapped | 以重塑商业信心 并逃离所谓的财政笼子 他们认为被困 |
| 123 | the UK in a cycle of weak growth. | 英国处于增长疲软的循环中。 |
| 124 | Analysis by the BCC shows policy-driven costs for typical | BCC的分析显示,政策驱动的典型成本 |
| 125 | small and medium-sized businesses have risen by more than 70 percent in a decade. | 中小企业在十年中增长了70%以上。 |
| 126 | Currently | 现 |
| 127 | only 17 percent of firms plans to increase investment that's the lowest level since the | 只有17%的公司计划增加投资,这是自2002年以来的最低水平。 |
| 128 | pandemic. | 艾滋病毒/艾滋病。 |
| 129 | Kate Shoesmith是英国商会政策和见解主任 | |
| 130 | and told me what they are hoping from today's budget. | 并告诉我 他们希望从今天的预算。 |
| 131 | We really want to see a budget that | 我们真的想看看预算 |
| 132 | recognizes those successive policy-driven costs. | 承认这些连续的政策驱动成本。 |
| 133 | It's not one measure alone that is causing pain | 造成疼痛的不是单是措施 |
| 134 | to British businesses right now. | 现在去英国企业 |
| 135 | It's the cumulative effect but of that 70 percent of | 这是累积效应 但70% |
| 136 | the cost base that you quoted in terms of looking at the cumulative costs that have been driven by | 您所引用的费用基数, 以查看由 |
| 137 | policy decisions. | 政策决定。 |
| 138 | A quarter of it came from national insurance contribution rises back in 2024. | 其中四分之一来自2024年国家保险费回升. |
| 139 | So if we really want to get the economy moving, if we want to get young people back into work or | 所以,如果我们真的想 让经济前进, 如果我们想让年轻人重新工作或 |
| 140 | into the first job then we need to think about some of those costs especially around labor costs. | 然后我们需要考虑一些成本 特别是劳动力成本。 |
| 141 | So national insurance contributions are a significant area where we'd like to see movement. | 因此,国家保险缴款是一个重要领域 我们希望看到移动。 |
| 142 | We are hearing that the national minimum wage will go up roughly in line with inflation. | 我们听说,全国最低工资将大致按照通货膨胀上升。 |
| 143 | That's | 这是 |
| 144 | really important because we've had years now of it going up in inflation busting ways and that's | 真的很重要,因为我们已经多年 通货膨胀上升的方式 |
| 145 | caused pressure on businesses. | 给企业造成了压力。 |
| 146 | It's also expected on that point of the minimum wage that for 18 to | 18至18岁的最低工资水平也有望达到这一水平。 |
| 147 | 20 year olds it will be rising at a slower pace. | 20岁时,增长率将放慢。 |
| 148 | So do you see from that if that is the case when | 所以,你可以看到,如果情况是这样,当 |
| 149 | the chancellor delivers the budget they are recognizing some of the issues in the labor | 总统提供预算 他们正在认识到 劳工中的一些问题 |
| 150 | market at the moment? | 市场现在? |
| 151 | I think we have to recognize the issues in the labor market. | 我认为我们必须认识到劳动力市场的问题。 |
| 152 | We have nearly a | 我们快到了 |
| 153 | million young people that are not in education, employment and training. | 数百万没有接受教育、就业和培训的年轻人。 |
| 154 | It's absolutely essential | 这是绝对必要的 |
| 155 | that we get them in because there's a scarring impact on those young people if they don't get | 我们让他们进去 因为如果年轻人得不到帮助 就会有伤痕 |
| 156 | into work early enough. | 早点开始工作 |
| 157 | But when you join the labor market you don't have as much experience. | 但是当你加入劳动力市场的时候 你没有那么多经验 |
| 158 | So what they're talking about by the sounds of it is the minimum wage will go up. | 他们所说的是最低工资会上涨。 |
| 159 | It will increase | 会增加的 |
| 160 | above inflation but there will be a step between that and the higher age brackets. | 但是,在与较高年龄段之间将有一个步骤。 |
| 161 | That's really | 这是真的 |
| 162 | other measures of course though because it's not just that. | 当然还有其他措施,因为不只是那样 |
| 163 | Can I ask you for your thoughts on some | 我能问你一些想法吗? |
| 164 | of the taxes that could be imposed? | 可征收的税金? |
| 165 | It's been speculated that there could be taxes on banks, | 据推测 银行可能会收税 |
| 166 | profits, also on the gambling sector and that money the government's bringing in will pay for | 利润,还有赌博部门 以及政府带来的钱 |
| 167 | some of these tweaks and changes to help others. | 其中一些变化和变化可以帮助他人。 |
| 168 | What are your thoughts? | 你有什么想法吗? |
| 169 | Is that the right path to | 这是正确的路径 |
| 170 | take? | 带走? |
| 171 | We know that this is a big test for a Healey Burnham government but for every business whether | 我们知道这对希利·伯纳姆政府来说是一个大考验 但对于每一个生意来说 |
| 172 | you're large or small it's just about getting by. | 你是大还是小 它只是得到通过。 |
| 173 | You've been treading water for a number of | 你一直在踩水 几个 |
| 174 | years now and what we don't want to see is measures that impose costs on one part of the | 我们不想看到的措施 给其中一部分带来成本 |
| 175 | business community flow down across the supply chain and make it even more difficult for small | 商业界在整个供应链下游,使小型企业更加困难。 |
| 176 | businesses and medium-sized businesses to access finance. | 企业和中型企业获得资金。 |
| 177 | So we've got to be looking at the detail. | 因此,我们必须看看细节。 |
| 178 | There shouldn't be taxes on banks, profits or the gambling industry. | 不应该对银行,利润或赌博业征税. |
| 179 | You need to think about the | 你需要考虑一下 |
| 180 | business community and what makes most sense for the business community and they are a community. | 对商业界来说最有意义的是商业界,他们是一个社区。 |
| 181 | So how do you ensure it doesn't flow down across the system? | 那么,如何确保它不会流过整个系统? |
| 182 | So the detail will be all important | 所以细节都很重要 |
| 183 | today. | 今时. |
| 184 | You need to understand exactly what the impact will be. | 你得明白 后果会是什么 |
| 185 | What if there's more money going | 如果有更多的钱去 |
| 186 | to the regions? | 给各地区? |
| 187 | Sorry to interrupt you Kate because I'm aware we're tight for time but what if | 抱歉打扰你 凯特 因为我知道我们时间很紧 但是如果 |
| 188 | there's more money going out to the regions, more money in in in mayors pockets as it were, | 更多的钱去地区, 更多的钱在市长口袋中, |
| 189 | do you think that's a good idea that regions should have more power, more say on spending | 你认为这是个好主意吗? 地区应该拥有更多的权力, 更多关于支出 |
| 190 | where they are? | 他们在哪? |
| 191 | Businesses are absolutely part of their local community. | 企业绝对是其当地社区的一部分。 |
| 192 | They are regional, | 它们是区域性的, |
| 193 | they understand that regional dynamic and so yes there is absolutely an argument about money to | 他们明白,区域动态,所以是的 绝对有关于金钱的争论 |
| 194 | be there. | 在那边 |
| 195 | It has to though be driven and understood by business needs because if you get it into | 它必须被企业需求所驱动和理解 因为如果你把它进入 |
| 196 | business with hands then that's what grows the economy. | 商业用手,然后,这就是 经济增长。 |
| 197 | So it can't be one thing where you have | 所以,它不可能是一件事 你拥有 |
| 198 | local governments doing this in isolation. | 地方政府孤立地这样做。 |
| 199 | Bring businesses around the table, make sure they | 把生意摆到桌边,确保他们 |
| 200 | understand what is required in terms of job creation, in terms of new premises. | 了解在创造就业方面,在新的房地方面需要做些什么。 |
| 201 | That's what | 就这样 |
| 202 | will help most. | 将帮助最大的。 |
| 203 | Kate Shoesmith there from the British Chambers of Commerce. | 英国商会的凯特·休史密斯 |
| 204 | Let's bring you | 来 来 来 |
| 205 | some other business stories. | 其他一些商业故事。 |
| 206 | India's biggest telecoms giant, the meta and Google backed | 印度最大的电信巨头 元和谷歌支持 |
| 207 | geo platforms has made its stock market debut today. | 地球平台今天已经开市了 |
| 208 | Shares have been soaring over 20% in | 股权飙升了20% |
| 209 | early trading. | 早期交易。 |
| 210 | The 3.2 billion dollar initial public offering is the country's biggest ever. | 首次公开出价32亿美元,是该国有史以来最大的一次. |
| 211 | Canada and the United Arab Emirates have signed a free trade deal and also agreed to start talks on | 加拿大和阿拉伯联合酋长国签署了自由贸易协议,并同意开始谈判。 |
| 212 | extradition treaty. | 引渡条约。 |
| 213 | The trade deal was one of a handful of trade and infrastructure agreements | 贸易协议是少数贸易和基础设施协议之一 |
| 214 | signed during the crown prince of Abu Dhabi's visit to Ottawa on Tuesday. | 在阿布扎比王储周二访问渥太华期间签字 |
| 215 | Will they or won't | 他们会不会 |
| 216 | they? | 他们? |
| 217 | All eyes will be on the US Federal Reserve later as it decides on interest rates as the cost | 当美联储决定利率为成本时, |
| 218 | of living in the US continues to climb. | 在美国生活的人继续攀升 |
| 219 | Around the world and across the UK this is BBC News. | 环游全球和整个英国 这是英国广播公司新闻。 |
| 220 | 今天你和BBC新闻的Business Today合作 | |
| 221 | Now if we turn our attention to the US where the central | 现在,如果我们把注意力转向美国 在那里,中心 |
| 222 | bank will make its latest decision on interest rates later the Federal Reserve is largely | 银行将在美联储基本 |
| 223 | expected to keep the cost of borrowing on hold this time ahead of next week's midterm elections. | 预计这次借款费用将在下星期中期选举之前搁置。 |
| 224 | That's despite the fact cost of living pressures are on the rise. | 尽管生活压力在增加 |
| 225 | If you look at inflation in the | 如果你看看通货膨胀 |
| 226 | US it picked up last month to 3.7% driven by soaring fuel prices largely due to the war in | 上个月,主要由于战争 燃料价格飙升,美国上升到3.7% |
| 227 | which this level is well above the Fed's 2% target but rising government borrowing costs | 这一水平远高于美联储2%的目标 但政府借贷成本上升 |
| 228 | courtesy of volatility on the bond markets is providing some breathing space for the Fed. | 债券市场的波动为美联储提供了一些喘息空间。 |
| 229 | To explain how that works I spoke to Jackie Bowie managing partner Chatham Financial. | 我和杰基·鲍伊管理合伙人查塔姆财务公司谈过 |
| 230 | Yeah well there's been an increasing bond yield story globally really since over the summer in | 自从夏天以来,全球债券收益率不断上升 |
| 231 | the last few months. | 过去几个月 |
| 232 | What that means is as interest rates rise across the markets and | 这意味着随着整个市场的利率上升 |
| 233 | particularly in the UK and the US the markets are doing the financial tightening for the central | 特别是英国和美国的市场正在对中央进行金融紧缩。 |
| 234 | bank. | 银行。 |
| 235 | So as those interest rates rise that obviously feeds through into the broader economy, | 因此,随着利率的上升,这些利率显然贯穿于更广泛的经济, |
| 236 | into borrowing costs, into mortgage rates and that starts to restrict demands. | 进入借贷成本,进入抵押利率,从而开始限制需求。 |
| 237 | So the argument | 所以这个争论 |
| 238 | is that because interest rates in the market are moving up then that tightening of financial | 这是因为市场利率在上升 然后金融紧缩 |
| 239 | conditions is happening anyway outside of what the central bank may or may not do. | 情况正在发生,但中央银行可能或不会这样做。 |
| 240 | However having said that the Federal Reserve has been pretty clear they are very concerned | 不过说得很清楚 他们非常关心 |
| 241 | about inflation and what's ahead. | 关于通货膨胀和未来的问题。 |
| 242 | So where are you at with predictions? | 那么,你在哪里 关于预测? |
| 243 | Do you believe the Fed | 你相信美联储吗? |
| 244 | will not do anything today? | 今天不会做什么? |
| 245 | Yeah well the financial markets are usually a pretty good indicator when | 是啊,金融市场通常是一个相当好的指标 当 |
| 246 | you get this close to the decision. | 你得到这个接近的决定。 |
| 247 | There's a question as to whether they're a good indicator | 是否有好指标的问题 |
| 248 | as we look further out. | 更进一步地看 |
| 249 | So yeah fully priced in that the Fed will hold interest rates today | 所以,是全价的,因为美联储 将持有利率今天 |
| 250 | but that should not be interpreted as the end of the tightening cycle by any means. | 但这不应被解释为任何手段的收紧周期的结束。 |
| 251 | So what the | 那又怎样 |
| 252 | markets will be focused on is really what they see after the meeting and the expectation is that he | 市场将专注于他们会议后所看到的,人们期望他 |
| 253 | will be pretty hawkish in his communication and that means that he'll be indicating that there are | 他的通信中会相当狡猾 这意味着他会表示 |
| 254 | interest rate hikes to come in the US. | 美国利率将上升 |
| 255 | Now the Fed chairs got into a little bit of trouble with | 现在美联储的椅子出了点麻烦 |
| 256 | financial markets around his communication last time round so it will be all eyes on his exact | 他上次沟通的金融市场 所以大家都会注意到他的准确性 |
| 257 | language and expectations for the rest of this year in 2027. | 在2027年,语言和对今年其余时间的期望。 |
| 258 | Also do you think that the Federal | 你也认为联邦 |
| 259 | Reserve is thinking it's probably wise just to not do anything this side of the midterm elections in | 预备队认为最好不要在中期选举中 做任何事情 |
| 260 | the United States given the huge speculation as to what President Trump might do afterwards on | 美国对特朗普总统之后可能做什么的 巨大的猜测 |
| 261 | the other side with regards to the Middle East and other areas? | 中东和其他地区? |
| 262 | Well the central banks are | 中央银行是 |
| 263 | independent of the political cycle of course. | 当然独立于政治周期。 |
| 264 | They shouldn't really be influenced by what's | 他们不应该真正受到什么的影响 |
| 265 | going to be that outturn in the midterm elections but they will be very much influenced by what's | 将会是中期选举的结果 但他们会受到什么影响 |
| 266 | happening in the broader economy and you know we've talked all year about this cost of living | 在更广泛的经济中发生,你知道 我们一整年都在谈论这个生活成本 |
| 267 | really biting for the US. | 真正咬美国。 |
| 268 | Now it's not really impacting the economy yet. | 现在还没有真正影响经济. |
| 269 | The US economy has | 美国经济已经 |
| 270 | been extremely resilient but the challenge is that this increase in inflation that was sparked by the | 通货膨胀的上升引发了通货膨胀的上升。 |
| 271 | energy crisis is really now broadening out across the US economy so you're getting these pass-through | 能源危机现在真的正在扩大 整个美国经济, 所以你得到了这些通过 |
| 272 | effects and that will be the biggest concern for the Feds because once that feeds through into | 这将会是美联储最关心的问题 因为一旦它们进入 |
| 273 | the broader economy it's harder to get it under control. | 经济范围越大 控制它就越难 |
| 274 | Jackie Bowie there, economist, just to | 杰基·鲍伊在那里,经济学家,只是 |
| 275 | say of course when we get news from the Fed we'll update you on that as well. | 当然,当我们从美联储那里得到消息时, 我们会告诉你最新消息。 |
| 276 | Now General Motors is | 现在通用汽车公司 |
| 277 | leaving the New York Stock Exchange and headed to the NASDAQ, the exchange that is synonymous | 离开纽约证券交易所,前往纳斯达克,即同义的交易所 |
| 278 | with technology companies. | 与技术公司。 |
| 279 | The vehicle maker is trying to change more than where its stock trades, | 汽车制造者试图改变 超过它的股票交易, |
| 280 | it's also trying to change investors' perceptions of what it does. | 也试图改变投资者对其所作所为的看法。 |
| 281 | Michelle Fleury has more. | 米歇尔·弗洛里还有更多 |
| 282 | More than a century of history is about to change addresses on Wall Street. | 一个多世纪的历史即将改变华尔街的地址. |
| 283 | November 16th will be | 11月16日将是 |
| 284 | the last day that General Motors shares trade on the New York Stock Exchange. | 通用汽车在纽约证券交易所交易的最后一天 |
| 285 | After that well the | 在那之后的井里,我们 |
| 286 | car maker is moving to the NASDAQ home to tech giants like Apple and Nvidia. | 汽车制造商要搬去纳斯达克的家 给苹果和Nvidia等科技巨头 |
| 287 | Now GM isn't the | 现在GM不是 |
| 288 | first big name to make that move. | 第一个大名字来做这个动作。 |
| 289 | Walmart shifted its listing to the NASDAQ last year, Hilton is | Walmart去年将其上市转移到纳斯达克,希尔顿是 |
| 290 | making the switch too. | 开关了 |
| 291 | But why move now? | 但是为什么现在搬家? |
| 292 | Well one potential payoff is the NASDAQ 100. | 一个潜在的回报是纳斯达克100 |
| 293 | If GM is added | 如果增加全球机制 |
| 294 | to that index, funds tracking it would generally need to buy the stock, potentially creating new | 根据指数,资金追踪一般需要购买股票,可能创造新的 |
| 295 | demand for shares. | 股票需求。 |
| 296 | But there's a bigger message here too. | 但这里也有一个更大的信息。 |
| 297 | GM wants investors to see more than | 全球机制希望投资者看到更多 |
| 298 | a company that builds cars. | 一个造车的公司。 |
| 299 | It's betting on a future shaped by software, electric vehicles | 它的赌注在一个未来 由软件,电动车辆塑造 |
| 300 | and autonomous driving. | 和自主驾驶。 |
| 301 | The question is, can a new home on the NASDAQ help Wall Street see GM | 问题是 纳斯达克的新家能帮助华尔街见GM吗? |
| 302 | in a new light as a technology company, even as its factories keep churning out cars? | 在新的光芒中,作为一个技术公司, 即使它的工厂 保持汽车? |
| 303 | GM shares, well they rose 5% by Tuesday's close. | GM的股份,好了,他们上升了5% 到星期二的接近。 |
| 304 | Michelle Fleury, now one of my sayings is, | 米歇尔·弗洛里,现在我的一个说法是, |
| 305 | it's never too early for chocolate and today the world's biggest chocolate event is underway. | 巧克力从来就不是太早 今天是世界上最大的巧克力赛事 |
| 306 | It's | 这是 |
| 307 | place in Paris and it's an annual international trade affair that brings together chocolatiers, | 在巴黎,这是一年一度的国际贸易事务, 聚集了chocolatiers, |
| 308 | pastry chefs, producers, enthusiasts from all over the world. | 糕点厨师,制作人,爱好者来自世界各地. |
| 309 | And in recent years the global | 近年来,全球 |
| 310 | chocolate industry has faced so many challenges, skyrocketing costs for ingredients, shrinking | 巧克力工业面临众多挑战,原料成本飙升,不断萎缩 |
| 311 | profits and changing consumer habits. | 利润和改变消费者习惯。 |
| 312 | Well Gerald Palacios is president and co-founder of the Salon | 杰拉尔德·帕拉西奥斯是沙龙主席兼联合创始人 |
| 313 | du Chocolat and told me how things are in the industry. | 杜·乔科拉特 告诉我这行业的情况 |
| 314 | I think we're in a real moment of | 我觉得我们是在真正的时刻 |
| 315 | innovation and creativity. | 创新和创造力。 |
| 316 | I think this is all chocolate is all about. | 我想这是所有的巧克力。 |
| 317 | So we have been a lot of | 所以我们一直有很多 |
| 318 | reinventing how can you change ingredients, change the texture, what are the new products | 如何改变成分 改变纹理 新产品是什么 |
| 319 | and also coming back to the old recipes. | 还回到了旧食谱。 |
| 320 | So I think that is a lot of adaptation in that industry | 所以,我认为这是很多适应 该行业 |
| 321 | and I think at the end what's really important and quality in texture, you know the product | 我最后想,什么是真正重要 和质量的纹理, 你知道产品 |
| 322 | and how to keep the appeal in the world and environment where a lot of things are changing | 如何在很多事物正在变化的世界和环境中保持吸引力 |
| 323 | and pricing is a critical element. | 定价是一个关键因素。 |
| 324 | And pricing is so important as you say because people are under | 定价如此重要,就像你说的 因为人们在下 |
| 325 | huge pressure globally with cost of living going up and as much as people might love chocolate | 全球巨大的压力 生活成本上升 和人们可能爱巧克力 |
| 326 | it might be seen as a luxury. | 它可能被视为一种奢侈品。 |
| 327 | It is an affordable luxury and it will become in the future | 它是一种可负担的奢侈品,将来也会变成 |
| 328 | first because there is a scarcity you know as we say with cacao but also you know there's all this | 首先是因为我们跟可可说的 有一种稀缺性... ...但是你知道这一切 |
| 329 | trend about sustainability and we want to have you know the cocoa producer to have a decent you | 可持续性的趋势 我们希望你知道可可生产商 要有一个体面的你 |
| 330 | know salary and labor and I think more and more consumer are recognizing. | 了解工资和劳动力 我认为越来越多的消费者正在认识到。 |
| 331 | So I think that the | 所以我认为 |
| 332 | market is really going towards quality, higher pricing but better product and I think there is | 市场真正走向质量,更高的价格 但更好的产品 我认为有 |
| 333 | a consciousness of that. | 一种意识。 |
| 334 | So I think there's a chance but I think maybe less but better and this | 所以,我想有一个机会, 但我认为也许更少 但更好和这个 |
| 335 | is really the trend that we can face and a better educated consumer too. | 真正的趋势,我们可以面对 和更好的受过教育的消费者。 |
| 336 | That brings to a close | 结束了 |
| 337 | business today. | 今天的商务 |
| 338 | Don't forget there's plenty more on our website. | 别忘了我们网站上还有很多 |
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