2024-11-26
26 分钟Stocks climbed and the dollar fell in response to President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary. Also, why German steel maker Thyssenkrupp says it's cutting 11,000 workers. And as Black Friday approaches, we talk to the producer of a new documentary on hyper consumerism.
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Hey there, it's Michael Lewis, author of Going Infinite Moneyball, the Blind side and Liars Poker.
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This is Andrew Peach with World Business Report here on the BBC World Service.
On the way why Wall street is celebrating one of its own getting the top job at the US Treasury People.
Are over the moon about the reasonable non ideological choice of a very rational player like Scott Besant, who is not a TV personality.
He is a person of serious substance.
Rising energy costs and increased competition lead to thousands of job losses in German steel production.
It's a miracle of capitalism that it brings the resources to where they are most productive.
The question is, can we organize this process in a smooth way that doesn't produce the social issues that we have seen in past transitions and the eye.