after the leader of the far—right national front failed to secure financing from traditional banks. in the philippine star, this article which says the european chamber of commerce in the philippines has two wishes for outspoken president rodrigo dutere. that he address concerns on alleged extrajudicial killings and end his verbal assaults on the country's international allies. the new york times takes a details looked at what it's calling venezuela's savage year. it looks at the violence gripping the nation and more than 28,000 people killed, according to the article. it says the current cash crisis is only "deepening peoples misery". and, finally, the wall street journal looks at what the economic forecasters got right and wrong in 2016. don't worry, sally, you're not mentioned. the consensus generally from a year ago proving to be quite accurate. sea, sometimes they get it right.
joining us is nick hungerford, founder of the investment management company nutmeg. let's talk some more about the stories covered in the papers. the istanbul attack. they mean, the whole world is on a very high security alert, no more than istanbul, but it does go to show that despite all of that people still u nsafe that despite all of that people still unsafe and a lot of questions are being asked. this nightclub had not only doormen and the security, but there was also a policeman standing outside and it looks like the first reports say that those nightclub security and the policeman who was standing by workshop. then the attacker managed to get into the club. —— were shot. this is an expensive place to spend your new year and someone expensive place to spend your new year and someone still broke through. so i think we need to be
really well prepared throughout europe for these attacks and it is very sad to see that at least seven nationalities, aside from turkish people, were killed. france, tunisia, lebanon, saudi arabia. real international tragedy. a lot of newspapers, such as the times, looking at the daily telegraph at the moment, trying to look at who or what was responsible, but not many guesses are needed. well, at the moment the times is speculating that he could be isis, but we don't have a firm conclusion and that something that needs to be worked out. interesting in the times also is the british security minister ben wallace says they are on the lookout at the moment for the enemy within, which is a famous phrase, but especially quoting there are traitors. that's something that will be scaring every government around the world at the moment. it reminds us
the world at the moment. it reminds us of the geopolitical risk that remains. it is very prevalent across europe. 0ne remains. it is very prevalent across europe. one of the other big issues for europe this year is lots of key elections in key countries, france, germany, holland. the financial times looks at marine le pen and the funding she is getting, from her dad. it has historically been reported that she doesn't get on very well with her father. reported that she doesn't get on very well with herfather. this is probably quite a surprise for most people. we saw in the us election donald trump borrowing from his own funds. very interesting, borrowing not foreign —— voluntarily. it looks like this loan is being taken from her father to run the campaign. like this loan is being taken from herfather to run the campaign. many people say that 2017 is the best chance that she has ever had in the election. of course she is on the far right. her father has election. of course she is on the far right. herfather has been thrown out of the party in the past.
i'm not sure how well it will go down. but the reason she is having to ta ke down. but the reason she is having to take the loan is probably the best bit of the story. because no bank will give her any money. it has been like that. time. she previously had to borrow from russian finances. a russian bank. that russian banks are only went bust. so she is obviously not getting backing from many establishments, where traditional money might come from. as you say 2017 could be a really heightened news year, as far as political unrest grows. we've got dutch, french and german elections coming up. always some relatively outlandish candidates on both sides. and it is not necessarily the right wing and the rise of the right wing, 01’ wing and the rise of the right wing, or the rise of political parties supported by the right wing. we've got donald trump, not long now, and the philippines already has duterte.
antiestablishment. yes, doing things differently. i remember reporting on him when he was a local mayor and he was controversial then, but had a lot of support from the local people. he wiped crime off the streets from where he was. now business leaders and the community are demanding that he change his ways. it is unlikely, is it? he is gaining popularity, if anything, it is unlikely, is it? he is gaining popularity, ifanything, in it is unlikely, is it? he is gaining popularity, if anything, in the philippines. and his big thing is the war on drugs. this story tells us the war on drugs. this story tells us something which is actually quite an important message globally. foreign direct investment is becoming a larger bargaining chip family at the scene —— then we've ever seen in the past and that's partly because people are so determined to attract money from overseas, because it is harder to find at home. this story is saying that if the philippines want to come —— wants to continue to have foreign
investment from europe, the president needs to say what actually happened when he was out of power and what is he going to do about the countries that are paying for it. for countries like the philippines, a strong influx of foreign investment increases the standard of living for people. we really feel the impact more so than some developed economies would, for example. absolutely. it is so important to them. interestingly, the quotes are coming from european people in the philippines who obviously have a bit of a vested interest for themselves. when you look at the philippine style, it is more of a warning, that investors will be reluctant. —— philippine star. this is a warning for every country and people are finding it harder to rely on themselves and need this investment. the international new york times.
venezuela's savage year. it has been the most horrendous time for venezuela for many different reasons, not least the fact that the money they are getting from oil is a lot less tha n money they are getting from oil is a lot less than it was before. but of course politically it is extremely difficult. there are so many headwinds. yes. this is the death of hugo chavez. venezuela has been in this constant threat of unrest, with worries about who the leadership will be, whether there is anyone who can put their mark down. how the army will evolve. this story focuses on the fact that there have been almost 30,000 killings in venezuela this year. it is already the country with the highest crime rate in the world and last year was the worst year ever. it just ties world and last year was the worst year ever. itjust ties together the twin threads of political instability and economic instability, which has been a threat throughout our discussions this morning. but itjust shows that
countries really do need to have both on a stable footing in order to keep their crime rates low and keep their unemployment low. it isn't just a venezuela, so many countries are in trouble at the moment. speaking of which, the wall street journal books that what the economic forecaster got right and wrong in 2016. in all fairness, i suppose it was difficult because politically forecasters got so much wrong. any people didn't think donald trump woodwind and brexit would. so it is ha rd to woodwind and brexit would. so it is hard to predict. —— would win. woodwind and brexit would. so it is hard to predict. -- would win. once in awhile we are allowed to pat ourselves on the back, which important. while there is a lot of political and social instability, uncertainty, markets, companies, we continue to work. we continue to improve and grow and actually the market sometimes says, you know, we are going to go out on the way. we understand things change, but life
is volatile and gets increasingly more volatile and investing is about doing things in the media —— medium and long—term. doing things in the media —— medium and long-term. a of people might be saying to give donald trump a chance. we've been talking a lot about how it could lead to a stronger dollar. it could be better for americans, who can buy imports cheaper. not necessarily those who will be exporting. we don't know. we don't know what he will push through. it is like the oscars. you can hear the music doubling away. we are running out of time. thank you. we could talk about this for a long time will stop happy new year. thank you for your company. we are out of time. you can rejoin us in five minutes on bbc world. 0therwise, breakfast is coming up. hello. well, many of us had a bit of a wet new year's day, but that wet weather was courtesy of a cold front.
the cold front has cleared through, introducing much chillier air, but much clearer, sunnier conditions as well for many of us today. a bright, crisp, but distinctly chilly start to your monday. some ice around after yesterday's rain, so watch out for that. could be quite slippery, particularly across the north and the east, where we've got some wintry showers, in actualfact. so it is not dry everywhere, but for the majority there will be blue skies as you step out first thing in the morning. this is 9:00am. a lovely start to the day, if you wear a few layers, that is, across most of wales and northern ireland. some of those wintry showers still peppering some northern areas of the province. the snow settling on the highest ground of northern ireland, and down to quite low levels, actually, across the north of scotland. so yes, it could be an icy start here, but for the central belt southwards, it should be largely clear and sunny. some showers, wintry showers, will be pecking away at the north—east coast of england, a few making it inland. but for most of us, actually, it will be a dry start to the day,
with a lot of sunshine. a bit of patchy cloud, perhaps, filtering down across east anglia, but it should stay largely dry here. further west, though, temperatures close to freezing, so as i mentioned, watch out for one or two slippery surfaces. but it should be dry, and stay dry, for the majority of us as we go through the day. the wintry showers continuing across the north of scotland, though i think that the snow will tend to turn back to rain, at lower levels, at least, and most other places will stay fine. still some showers down that east coast of england, and maybe one or two filtering through the irish sea, eventually, into some north—western coasts of england. a cold —feeling day, despite all that sunshine. temperatures much, much lower than they have been for the last couple of days in many places, so three to five degrees will be typical. we soon go into frost across the southern half of the uk, and there could well be some slippery surfaces, so watch out for those. if anything, though, temperatures will recover further north, with increasing cloud, and a somewhat milder wind pushing in from the north—west, carrying some showers, principally to the west of scotland.
so a different sort of day here as we go through tuesday, a lot more cloud around. some showery rain for a time, on a stiff old breeze, especially across the north of scotland. some of this cloud will filter its way down across england and wales. but, bar the odd shower, actually, still plenty of dry weather, with some sunshine across these more southern and eastern areas. after that chilly start, temperatures slow to recover, but a degree or so higher than they will be today. but on wednesday we see some cold air coming back in again, particularly into the more northern and eastern areas. here the best of the sunshine. further south and west, we will hold onto a bit more cloud. hello, this is breakfast, with dan walker. rail fares go up today. campaigners call it a kick in the teeth for long—suffering passengers. the government says its delivering the biggest modernisation programme for more than a century. good morning, it's monday, january 2.
also this morning: funerals are held for victims of the gun attack on an istanbul nightclub, but police are still hunting the gunman. police arrest five men after a 12—year—old girl was killed and her 11—year—old cousin left fighting for her life in a hit—and—run in 0ldham. good morning. in sport, arsenal forward 0livier giroud produces one of the goals of the season, an incredible scorpion kick in a 2—0