【Nov.5】Business Today | BBC 今日
字幕摘录
| 时间 | 英文 | 中文 |
|---|---|---|
| 0:05 | Global markets on a roller coaster after the Democrats win full control of Congress with | 民主党赢得国会全面控制权后 过山车上的全球市场 |
| 0:10 | fears among some investors of a crackdown on AI data center expansion. | 一些投资者担心AI数据中心扩张遭到镇压. |
| 0:16 | And with higher prices, the top concern among voters, what difference could a Democrat led | 随着物价的上涨,选民们最担心的是 民主党人能领导什么 |
| 0:22 | Congress have on inflation and the U.S. economy? | 国会有关于通货膨胀和美国经济? |
| 0:27 | Welcome to Business Today. | 欢迎来到今天的商务。 |
| 0:28 | I'm Mark Lobel and we'll be looking throughout the program at the market reaction and economic | 我是Mark Lobel 我们会在节目中 关注市场反应和经济 |
| 0:33 | fallout to those midterm election results. | 这些中期选举结果受到影响。 |
| 0:37 | U.S. Democrats have won a momentous victory in the midterm elections, which will see them | 美国民主党在中期选举中取得重大胜利, |
| 0:41 | take control of both the Senate and the House of Representatives from the Republicans. | 从共和党手中控制参议院和众议院。 |
| 0:47 | Financial markets initially fell on the news with the Nikkei index in Japan at one point | 金融市场一开始在日本的Nikkei指数下线 |
展开字幕全文（209 条）
| 序号 | 英文 | 中文 |
|---|---|---|
| 1 | Global markets on a roller coaster after the Democrats win full control of Congress with | 民主党赢得国会全面控制权后 过山车上的全球市场 |
| 2 | fears among some investors of a crackdown on AI data center expansion. | 一些投资者担心AI数据中心扩张遭到镇压. |
| 3 | And with higher prices, the top concern among voters, what difference could a Democrat led | 随着物价的上涨,选民们最担心的是 民主党人能领导什么 |
| 4 | Congress have on inflation and the U.S. economy? | 国会有关于通货膨胀和美国经济? |
| 5 | Welcome to Business Today. | 欢迎来到今天的商务。 |
| 6 | I'm Mark Lobel and we'll be looking throughout the program at the market reaction and economic | 我是Mark Lobel 我们会在节目中 关注市场反应和经济 |
| 7 | fallout to those midterm election results. | 这些中期选举结果受到影响。 |
| 8 | U.S. Democrats have won a momentous victory in the midterm elections, which will see them | 美国民主党在中期选举中取得重大胜利, |
| 9 | take control of both the Senate and the House of Representatives from the Republicans. | 从共和党手中控制参议院和众议院。 |
| 10 | Financial markets initially fell on the news with the Nikkei index in Japan at one point | 金融市场一开始在日本的Nikkei指数下线 |
| 11 | falling to its lowest level since May. | 下降到5月以来的最低水平。 |
| 12 | Global shares have since recovered, trading higher now this morning in Europe. | 全球股权从此恢复, 交易现在更高 今天上午在欧洲。 |
| 13 | Key among investor concern is speculation that a Democrat led Congress could crack down | 投资者关注的关键是 猜测民主党领导的国会可能会崩溃 |
| 14 | on data center expansion. | 关于数据中心扩展。 |
| 15 | The U.S. is the country with the most centers in the world, and this is particularly the | 美国是世界上拥有最多中心的国家,特别是 |
| 16 | case in Texas, which has more data center capacity under construction than any other | 在德克萨斯州,该州在建的数据中心容量比任何其他州都多 |
| 17 | state in the U.S. | 美国的州。 |
| 18 | There are over 600 facilities already planned or operating, and 30 percent of all U.S. | 已经有超过600个设施 计划或运营, 和30%的全美国。 |
| 19 | data center projects are due to be based there. | 数据中心项目将设在那里。 |
| 20 | But there is huge opposition in many other states, in Ohio, for example, where there | 但是在俄亥俄州,其他许多州都存在强烈的反对。 |
| 21 | are over 200 operational centers. | 200多个业务中心。 |
| 22 | Sherrod Brown, who flipped the Senate for the Democrats, campaigned heavily against | 舍罗德·布朗(英语:Sherrod Brown),他为民主党推翻了参议院,大力反对 |
| 23 | data center expansion. | 数据中心扩展。 |
| 24 | And here he is addressing this in his victory speech last night. | 他在昨晚的胜利演说中谈到了这一点。 |
| 25 | I do not work for the utility companies. | 我不为公用事业公司工作。 |
| 26 | I do not work for data centers. | 我不为数据中心工作。 |
| 27 | I do not work for Wall Street. | 我不为华尔街工作。 |
| 28 | I work for you. | 我为你工作 |
| 29 | I work for Ohio. | 我为俄亥俄州工作 |
| 30 | Ross Moore joins me now, investment director at AJ Bell. | 罗斯摩尔现在加入我,AJ贝尔的投资总监. |
| 31 | Ross, we say data, they say data. | 罗斯,我们说数据,他们说数据。 |
| 32 | But other than that, can you explain why there has been this big backlash against data | 但除此之外 你能解释一下为什么 数据有如此强烈的反弹 |
| 33 | centers? | 中心吗? |
| 34 | What are people concerned about? | 人们关心什么? |
| 35 | Hello, Matt. | 你好,马特。 |
| 36 | The concerns that the American people have had, and we're actually seeing | 美国人民所关心的问题, 我们实际上看到 |
| 37 | similar campaigns against data centers here in the United Kingdom and also in Europe to | 对联合王国和欧洲的数据中心的类似运动 |
| 38 | some degree, is there are concerns over the amount of water that's consumed to keep | 某种程度上,人们是否担心 消耗的水量 |
| 39 | the service cool, the amount of power that's used and the amount of investment that's | 服务凉爽 使用的电量和投资量 |
| 40 | required to connect some of the data centers to the grid with a result that maybe bills | 要求将一些数据中心与电网连接,结果可能是账单 |
| 41 | go up for ordinary consumers as well as other corporations. | 面向普通消费者以及其他公司。 |
| 42 | What would be the effect then on long term tech stock prices? | 那么,对长期技术股价的影响是什么? |
| 43 | I mean, could more regulation be on the horizon? | 我的意思是,能有更多的监管 在地平线上? |
| 44 | We've had Elon Musk saying as a result of what's happened in the vote, data centers | 我们让埃隆·穆斯克说 因为投票结果 数据中心 |
| 45 | in space look pretty appealing right now. | 太空里看起来很吸引人 |
| 46 | I think in terms of data centers, you could see you could see some delays in local | 我认为,从数据中心来看,你可以看到一些延迟的地方。 |
| 47 | construction in some of the states where there has been substantial opposition, such as | 在一些遭到强烈反对的州,例如 |
| 48 | Ohio and Texas. | 俄亥俄州和德克萨斯州. |
| 49 | But for there to be a major nationwide pushback, I think that requires bipartisan approval, | 但是,如果全国范围内出现重大倒退, 我认为这需要两党批准, |
| 50 | which would require a 60 percent majority in the Senate. | 这需要参议院60%的多数。 |
| 51 | And even after their crushing or apparent crushing victory today, I think the Democrats | 即使他们今天取得了粉碎或明显的粉碎胜利 我认为民主党 |
| 52 | are going to end up with 55 or 56 seats, not the required 60. | 最终将获得55或56个席位,而不是所需的60个席位。 |
| 53 | So there may be a delay, whether it's enough to actually stop the march of the data | 所以也许有延迟, 是否足以阻止数据的移动 |
| 54 | center and AI is open to question. | 中心与AI是可质疑的。 |
| 55 | And technologically speaking, America seems determined still to establish itself as the | 从技术上讲,美国似乎仍然决心 把自己确立为 |
| 56 | preeminent AI force. | 卓越的AI力量。 |
| 57 | So whether they would want to really start seeding ground to Chinese opponents is a | 所以他们是否真的想 开始向中国的对手播种 |
| 58 | separate question and one that Democrats may in the end think maybe we're better off | 单独的问题 还有一个民主党人可能最终认为 也许我们更好 |
| 59 | being in front than behind. | 是在前面比后面。 |
| 60 | Right. | 对 |
| 61 | And how big a dent do you think this is to big tech's influence on the political | 你觉得这对大科技对政治的影响有多大 |
| 62 | scene, Russ? | 现场,拉斯? |
| 63 | We've seen them pour money into everything from ballrooms to the campaign trail. | 我们看到他们把钱倒进 从舞厅到竞选路线的一切 |
| 64 | Yeah, I mean, certainly there has been since the start of the second Trump presidency | 是的,我意思是,肯定有 从第二次特朗普总统开始 |
| 65 | with all of the photos that we've seen on inauguration day, suggestions that big tech | 与所有的照片,我们已经看到 在就职典礼那天, |
| 66 | has done a very good job of cozying up to regulators and to the powers that be to keep | 在协调监管者和保持 |
| 67 | them sweet. | 他们很可爱。 |
| 68 | For all of that, we have still seen large regulatory fines imposed and | 综上所述,我们仍看到处以巨额管制罚款, |
| 69 | judicial and regulatory pressure on some of these companies, whether it's Metta or | 对这些公司的司法和监管压力,无论是Metta还是Metta |
| 70 | Alphabet, Google's parent or others. | 字母,Google的家长或其他人. |
| 71 | Maybe that will become more intense under a Democrat president or Democrat | 也许在民主党总统或民主党执政期间 事情会变得更加激烈 |
| 72 | administration. | 行政部门。 |
| 73 | But again, that's something that we'll only find out in the next couple | 再说一遍 下对情侣才知道 |
| 74 | of years. | 年数。 |
| 75 | And equally, I suspect the Democrats will be slightly reluctant to rock the | 同样的,我怀疑民主党 也会有点不愿意摇滚 |
| 76 | boat too much in the next two years, given that they'll want to get income 2028. | 在接下来的两年里,由于他们想要得到2028年的收入,船船太多了. |
| 77 | All right, Russ Mould from AJ Bell. | 好吧,从AJ贝尔。 |
| 78 | Thanks for your thoughts. | 谢谢你的想法。 |
| 79 | As always, much appreciated. | 一如既往,非常感谢。 |
| 80 | Let's take a look now at some of the other market reaction to those election results. | 让我们看看其他市场对这些选举结果的反应。 |
| 81 | The dollar has been falling slightly and Treasury bond yields have also been falling | 美元略有下降,国库债券收益率也在下降 |
| 82 | as investors look for safe havens. | 当投资者寻找安全避难所时 |
| 83 | Investors will also be closely watching the price of oil. | 投资者还将密切关注石油价格。 |
| 84 | It has been falling slightly. | 它一直在略有下降。 |
| 85 | The impact of the war in Iran on higher energy prices was, of course, a decisive | 伊朗战争对高能源价格的影响当然是决定性的 |
| 86 | factor in these elections. | 参加这些选举的因素。 |
| 87 | Meanwhile, in Europe, eurozone inflation has risen to 4 percent in October. | 与此同时,在欧洲,欧元区的通货膨胀率在10月份上升到4%。 |
| 88 | Now, that's double the European central bank's target compared to 3.8 percent the | 现在,这是欧洲央行目标两倍 比3.8%的 |
| 89 | previous month, a surging energy costs bear down on prices. | 上个月,能源成本暴涨,价格下降。 |
| 90 | And don't we all know it? | 难道我们都知道吗? |
| 91 | Well, joining me now is Jane Foley, head of FX Strategy at | 好了,现在加入我的是Jane Foley, FX战略的负责人在 |
| 92 | Rabobank. | 拉博银行. |
| 93 | Jane, just starting with the dollar, why do you think we've seen a fall | 简,从美元开始,你为什么认为我们已经看到一个下降 |
| 94 | as a result of these elections? | 这些选举的结果? |
| 95 | Well, the market had anticipated that if we were to get this blue sweep, which we had, | 市场已经预料到 如果我们要进行这次蓝色扫荡 |
| 96 | then there may be a little bit more control on fiscal policy in the U.S. | 那么美国的财政政策可能会有一点点控制。 |
| 97 | Congress, of course, does have control of the purse strings. | 当然,国会的确控制了钱包的弦。 |
| 98 | The Trump administration or the presidency still has control of executive powers, | 川普政府或总统仍控制着行政权力, |
| 99 | which include things like immigration trade and, of course, foreign policy. | 包括移民贸易,当然还有外交政策 |
| 100 | But if Democrats have control of the Congress, which they do now, the market was | 但是,如果民主党人控制了国会, 他们现在这样做,市场是 |
| 101 | speculating that this may mean that there could be less scope for things like tax | 假设这也许意味着税收等东西的空间可能较小 |
| 102 | cuts and therefore less inflationary pressure. | 因此,减少通货膨胀压力。 |
| 103 | And that has had a moderating impact on on long term bond yields. | 这对长期债券收益产生了一定的影响。 |
| 104 | So from that point of view, that has has created a bit of a drag on the dollar | 因此,从这个角度来说,这给美元带来了一点拖累 |
| 105 | this morning. | 今天早上,我们一起来 |
| 106 | But the move has not been that significant. | 但这一举动并没有那么重要。 |
| 107 | In fact, looking at the dollar just now, we were back to levels that we saw traded | 事实上,看刚刚的美元, 我们回到了我们看到交易的水平 |
| 108 | earlier in the week in the dollar index. | 本周早些时候的美元指数。 |
| 109 | And yet, Jane, of course, for all that you say and you mentioned foreign policy, | 然而,简,当然, 对于你所说的所有 你提到外交政策, |
| 110 | we've seen that the Iran war has been hitting us all. | 我们已经看到,伊朗战争 一直在打击我们所有人。 |
| 111 | This eurozone inflation figure surging to four percent now. | 现在欧元区的通胀率上升到4%。 |
| 112 | A person who knows Donald Trump well gave the chance of renewed military action | 一个了解唐纳德·特朗普的人 给了重新采取军事行动的机会 |
| 113 | against Iran, an 80 percent chance Iran's leaders, supreme leaders come out, | 反对伊朗,伊朗领导人,最高领导人出面的机会是80%, |
| 114 | as one would imagine, kind of strongly ready, saying they're ready for any attacks | 就像人们想象的, 那种强烈的准备, 说他们已经准备好 任何攻击 |
| 115 | that would affect them. | 这会影响他们。 |
| 116 | So when you look at the oil price, it may it may not remain | 所以,当你看油价, 它可能不会继续 |
| 117 | this low for long. | 这么低的距离很长 |
| 118 | Well, you know, you could actually argue that the oil price has been really quite | 其实,你知道,你可以争论 油价已经真的相当 |
| 119 | elevated in recent weeks, despite the fact that we are seeing more crude oil | 尽管我们看到更多的原油 |
| 120 | come through from the Middle East. | 从中东过来 |
| 121 | Now, one of the main reasons for this is that the market has been speculating | 其中一个主要原因是 市场一直在猜测 |
| 122 | that if Trump were to or the Republicans were to lose Congress, well, then Trump | 如果特朗普和共和党失去国会 那么特朗普 |
| 123 | would concentrate more on those executive powers that he does have. | 将更加专注于他拥有的行政权力。 |
| 124 | And of course, like I said, foreign policy is right up there. | 当然,正如我所说,外交政策就在那里。 |
| 125 | And that, according to market speculation, could mean that Trump really does | 而根据市场投机 可能意味着特朗普真的 |
| 126 | step up the pressure now that these midterm elections are over with and | 现在这些中期选举已经结束,而且 |
| 127 | concentrate on that war. | 专注于那场战争。 |
| 128 | And the market's been really quite concerned that we might see an increased | 市场一直非常担心 我们可能会看到增加 |
| 129 | pressure, therefore increased pressure on the price of oil pushing upwards. | 因此,对石油价格上涨的压力增加。 |
| 130 | That, of course, was perhaps questioned at the start of the week when we had news | 当然,这也许被质疑 在一周初,当我们有消息 |
| 131 | saying, actually, Trump wants more of a diplomacy in terms of the war. | 说,实际上,特朗普在战争方面想要更多的外交. |
| 132 | But for now, the market is very nervous that Trump could concentrate on that | 但目前市场非常紧张 川普可以集中精力 |
| 133 | foreign policy aspect that he still has control of. | 他仍然控制的外交政策方面。 |
| 134 | So just a brief one, Jane, would you would you say that as a result of these | 简,就简一个,你会说,由于这些 |
| 135 | elections, nonetheless, the outlook for interest rate rises across the US, UK | 不过,美国、英国等国的利率前景仍呈上升趋势。 |
| 136 | and Europe still remains strong? | 欧洲依然强大? |
| 137 | I think that's definitely the case. | 我想绝对是这样 |
| 138 | Maybe at the margin, maybe less scope for Fed interest rate hikes. | 也许在边际上,也许美联储提高利率的空间较小。 |
| 139 | If that fiscal policy does become more constrained. | 如果财政政策确实变得更加受限制。 |
| 140 | But I think for now, the markets are thinking rates generally are going higher. | 但我认为,现在市场认为 利率一般都在上升。 |
| 141 | Jane Foley, Rabobank, 非常感谢你一如既往地加入我们. | |
| 142 | Now, key to the Democrats sweeping wins in the midterms was the mounting anger | 现在,民主党在中期获胜的关键 是愤怒的上升 |
| 143 | in the country over the impact of the unpopular Iran war on the economy and prices. | 伊朗战争对经济和价格的影响。 |
| 144 | Petrol prices reached their highest ever level on an election day on Tuesday. | 汽油价格在星期二选举日达到历史最高水平。 |
| 145 | And the economy featured as the top concern among voters, with a majority | 经济是选民最关心的问题, |
| 146 | saying they have a negative view of the state of the national economy. | 说他们对国民经济状况持负面看法。 |
| 147 | And of course, President Trump's tariff regime has also had an impact on higher prices. | 当然,特朗普总统的关税制度也对价格上涨产生了影响. |
| 148 | So what difference could a Democrat led Congress have on the country's economy? | 民主党领导的国会对国家经济有什么不同? |
| 149 | Let's bring in Alison Stewart, Alan, founder of International Marketing Partners. | 让我们带来艾莉森·斯图尔特,艾伦,国际营销伙伴的创始人. |
| 150 | And Alison, thanks for joining us. | 艾莉森 谢谢你加入我们 |
| 151 | Look, we've got this international outlook that the promise of a gas price | 你看,我们有一个国际前景 气价的承诺 |
| 152 | cut by Donald Trump wasn't met. | 唐纳德·特朗普的剪辑没有遇到. |
| 153 | He's been punished in the polls. | 他在民调中受到惩罚. |
| 154 | Another question lingers. | 又一个问题 |
| 155 | Will the government change tack now on tariffs, even just to help US businesses? | 政府是否会改变关税标准, |
| 156 | So that's a great question, Mark. | 问得好,马克 |
| 157 | I think one of the things we're watching with bated breath | 我想有件事我们正用吸气机看 |
| 158 | as international business experts and people who lead international | 作为国际商业专家和领导 |
| 159 | businesses is what will happen with Canada. | 商业是加拿大将发生的事情。 |
| 160 | And Canada is a key test, you could say, in seeing whether tariffs will be repealed, | 而加拿大是一个关键测试, 你可以说, 在看是否将取消关税, |
| 161 | because if given the dependence of our northern US states on the Canadian economy | 因为如果美国北部各州 依赖加拿大经济 |
| 162 | and vice versa, if those are rolled back, then you could say there's an argument | 反之,如果这些 滚回,那么你可以说有一个争论 |
| 163 | for rolling back tariffs in many other countries around the world. | 在世界上其他许多国家降低关税。 |
| 164 | But I think any international business, any viewer that is involved in or leading | 但我认为任何国际事务 任何参与或领导 |
| 165 | an international business will be concerned about tariffs, certainly. | 国际企业当然会关心关税问题。 |
| 166 | They'll also, however, be concerned about, depending on their sector, | 但是,他们也会关心, 取决于他们的部门, |
| 167 | what's going to happen next? | 接下来会发生什么? |
| 168 | Will a Democrat Congress be able to potentially scrutinize them even more? | 民主党大会能否更仔细地审查他们? |
| 169 | If you're in the banking sector, if you're in the pharma sector, | 如果你在银行部门 如果你在制药部门 |
| 170 | if you're in the AI data center sector, all of these potentially will be under | 如果你在人工智能数据中心区, 所有这些可能都下 |
| 171 | much more scrutiny by the congressional committees. | 国会各委员会更严格地审查 |
| 172 | So I think the business leader who is doing business in the US, in those sectors, | 因此,我认为,商业领袖 谁正在美国做生意, 在这些部门, |
| 173 | is certainly very concerned about what could happen now in terms of subpoenas, | 肯定非常担心现在传票方面会发生什么, |
| 174 | investigations and what gets studied even more, even with the veto power | * 调查和研究更多的内容,即使拥有否决权 |
| 175 | that the president has. | 总统有。 |
| 176 | Right. | 对 |
| 177 | Our economics editor, Faisal Islam, was saying a bit earlier that it's | 我们的经济编辑Faisal Islam 早些时候说过 |
| 178 | never been as explicit that the cost of living crisis could be blamed on one | 从未如此明确过,生活危机的代价可以归咎于一个人 |
| 179 | particular person. | 特别的人。 |
| 180 | But now the Democrats have a chance to assuage voters' | 但是现在民主党有机会安抚选民 |
| 181 | concerns. | 关注。 |
| 182 | You know, how could they do that and help with the cost of living | 你知道,他们怎么能这样做 和帮助生活费用 |
| 183 | in America? | 在美国? |
| 184 | Well, to some extent, you know, petrol or gasoline and diesel | 嗯,在某种程度上,你知道, 汽油或汽油和柴油 |
| 185 | prices, to some extent, is not really going to be in their control much. | 在某种程度上,价格不会真正控制在他们控制之中。 |
| 186 | I mean, while they may put forward, you know, subsidies or windfall taxes | 我的意思是,虽然他们可能提出, 你知道,补贴或意外税 |
| 187 | on energy companies, again, with the veto power that the president has, | 能源公司,再次, 拥有总统拥有的否决权, |
| 188 | it's likely that everything that gets put forward of that nature will get | 很可能所有被提出这种性质的东西 |
| 189 | blocked. | 封锁 。 |
| 190 | So in some ways, it's incumbent perhaps on the brands themselves to look | 所以在某些方面,也许品牌本身有责任去寻找 |
| 191 | at ways to lower their prices, to offer more, you know, buy one, get one free | 以降低价格的方式, 提供更多, 你知道,买一个,买一个免费 |
| 192 | and other marketing approaches that may be help for the consumer to help make | 以及可能有助于消费者帮助消费者 |
| 193 | prices even more accessible. | 价格甚至更容易获得。 |
| 194 | But I do think it's going to be two more years of gridlock because you're going | 但我确实认为这将会是 两年的僵局 因为你要去 |
| 195 | to have this tussle between the Democrat Congress and, you know, a Republican | 在民主党国会和共和党之间 |
| 196 | president. | 总统 |
| 197 | Alison, I've got 10 seconds left. | 艾莉森,我还有10秒 |
| 198 | But if there's this prospect of investigations and if the Democrats don't | 但是如果有这样的调查前景 如果民主党不 |
| 199 | have that much control, how's the US economy going to function over the next | 拥有如此多的控制权,美国经济如何在接下来运行 |
| 200 | two years with this MAGA movement dented? | 两年的MAGA运动 凹陷? |
| 201 | Well, let's come back in six months and ask that very same question, Mark, | 好吧,让我们在六个月后回来 问同样的问题,马克, |
| 202 | because I'm not sure we're going to see much progress happening on anything, | 因为我不确定我们会看到 任何进展, |
| 203 | really, over the next six months or two years, I'm afraid. | 真的,在接下来的六个月或两年里,我恐怕。 |
| 204 | All right. | 好吧,我们走。 |
| 205 | Well, we'll mark our cards. | 好吧,我们会在我们的牌。 |
| 206 | We'll book you in for six months time. | 我们订你六个月 |
| 207 | But really interesting answer there. | 但这里的答案很有趣。 |
| 208 | Alison Stewart-Allend, Alison Stewart-Allend, thank you very much for | 艾莉森·斯图尔特-阿伦德 艾莉森·斯图尔特-阿伦德 非常感谢你 |
| 209 | joining us and thank you for joining us here on Business Today. | 与我们一起,感谢你们参加今天的商务会议。 |
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