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Money Talks from The Economist

Money talks: Is Trump jump-starting business?

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 22 May 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

Are US businesses happy with the Trump Era? Do we need to break the cosy relationship between auditors and their clients? And why large companies are choosing to invest in Central Europe. Philip Coggan hosts

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Transcript

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0:00.0

Imagine sweeping through green fields, floating five feet above ground, sun on your face as you

0:08.3

slide by on track to your

0:15.0

there,

0:20.0

to care in the world as you simply lean back.

0:17.0

And before you know it, you're there.

0:20.0

This is how travels should feel,

0:22.0

and on our trains it does.

0:25.0

Avanti West Coast feel good travel. Welcome to Money Talks.

0:35.0

Money Talks.

0:39.0

Hello, I'm Philip Kogan, the author of the brand new Bartopie Column, which is all about management and work.

0:45.3

Coming up, what is the future for auditors?

0:48.1

If some British MPs get their way, the days of the Big Four audit companies are numbered. I wouldn't hire you to do an audit of the big four audit companies are numbered.

0:52.6

I wouldn't hire you to do an audit of the contents of my fridge because when I read it,

0:57.3

I wouldn't know what is actually in my fridge or not.

1:00.9

And that's the point of auditing, isn't it? And why Jaguar Land Rover, who could choose anywhere in the world to invest, chose Slovakia.

1:08.4

Were they lured by tax favors, cheap labour, closeness to markets.

1:13.6

We'll find out later in the program.

1:17.2

Just before the presidential election of November 2016,

1:21.4

many in the financial markets feared the consequences of a Trump presidency.

1:25.9

But almost immediately the polls started to move in the Republicans direction, the market

1:30.9

started to rise quickly. And we had a Trump bump in equities.

1:36.4

We also had a remarkable surge in confidence measures among businesses.

...

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