this is business live from bbc news with sally bundock and jamie robertson. us president—elect donald trump says britain will be at the front of the queue when it comes to striking a trade deal with america. but how quickly will that happen? live from london, that's our top story on monday 16th january. us president—elect donald trump says uk ‘doing great‘ after brexit vote but he threatens a huge tariff on bmw cars imported from mexico. plus, prosecutors in south korea are seeking the arrest of the head of samsung, who's accused of bribery. and we have the latest on the markets where the pound has been taking a beating.

and we'll be getting the inside track on the world of events apps. they're great for their users but is it actually possible to make any money from them? we'll be speaking to the boss of revl this weekend the owner this weekend the owner of a tesla car ended up stranded when he relies on his phone to unlock it. today we want to know what's your worst technology mishap? let us know, just use the hashtag bbcbizlive. welcome to the programme. the us president elect donald trump says he'll offer britain what he calls "a quick and fair trade deal" within weeks of taking office. his comments come just days before a speech by the uk

prime minister theresa may where she's expected to reveal further details of the country's strategy as it prepares to leave the european union. speaking to the times newspaper, mr trump said his team would "work very hard to get it done quickly and properly" and it would be "good for both sides". mr trump went on to say the uk had made the right decision in leaving the european union and that other countries were likely to follow in britain's footsteps. meanwhile, in a separate interview with the german newspaper bild, the us president elect threatened bmw with a 35% border tax for cars manufactured in mexico. last week, the german carmaker said it was committed to its plans to open up its new factory in san luis potosi, despite mr trump's persistent warnings. let's have a listen to what the billionaire businessman said in his interview with the times.

i thought the uk was so smart in getting out. you were there and you wrote it for the front—page. you said trump said brexit would happen and it happened. everybody thought i was crazy. obama said they'll go to the back of the line, meaning if it does happen... that was a bad statement. the front of the queue? i think you are doing great. it's going great and countries want their own identity. the uk wanted its own identity but i do believe this. if they hadn't been forced to take in all of the refugees, so many, with all of the refugees, so many, with all the problems that that entails, i think that you wouldn't have the brexit. dr brian klaas is a fellow in comparative politics at the london school of economics. let us start with the british angle.

he can't do a quick deal can he, when i say quick, he can't even begin to start talking for two years can he? he's one of three branches of the american government, he's not the person in charge of the economy and most deals take time to thrash out. we don't know how much latitude britain will have while trying to figure out the parameters of the brexit deal. while still a member of the eu britain can't talk or negotiate a deal? correct. there's also the question of how long that process is going to take. beyond that, let us think about other trade deals the us has done. the tpp, which is probably dead in the water now, has been going on for eight yea rs. now, has been going on for eight years. these are multinational deals, so there are other countries involved, but this would be just two countries? there is no fast-track to this and this is something what happens in years and not weeks. bmw,

he's been sabre rattling and bmw said they'll continue to build cars in mexico? that is right. i think a lot of global players in the world economy are going to continue to push back because again, sabre—rattling goes both ways. it's not just that bmw sabre—rattling goes both ways. it's notjust that bmw could stand up to trump but the german government could stand up to america. this is not just something where could stand up to america. this is notjust something where america's president dictates the terms of trade to everyone else and theyjust accept it. in terms of what he's said here, do you think this whole effect tonne car industry of trying to impose tariffs, how damaging sit to impose tariffs, how damaging sit to the car industry itself?” to impose tariffs, how damaging sit to the car industry itself? i think long—term it's very damaging to have a president elect or president who is picking winners and losers and not letting companies decide on their best business interests, the best return on investments. i think over time this will end up being counterproductive. it will not make the kind of long—term economic

growth that western europe needs. what about being able to use the trade deficit with china? he's going to try to make that a homework of his presidency. he's going to change the fundamental dynamics of the world economy. there are reasons why there is a trade deficit. the president elect can't wave a magic wand and make incentives for businesses change radically overnight. now, his ability to push across, you can call them protectionist, he'll call them nationalist trade stances, how able is he to bring along co ng ress how able is he to bring along congress behind him to do these things. he says he can do it, but it's congress in the end that has to do it? congress has to be on board. we have decades of republicans standing up to this. reagan's party was the party of free trade and in a way this will be interesting, how can he get people who've predicated

their political careers on free trade on the political stage to come along with protectionist idea and a radical shift in diplomacy in terms of economics. thank you very much. facebook is introducing new tools in germany to help combat the spread of fake news stories. the world's largest social network said it would enable german users to flag up stories which appear to be fabricated.the stories will then be passed to third—party fact—checkers and if found to be unreliable, will be marked in users' news feeds as disputed. shares of airbag maker ta kata are tumbling after the company announced a deal with the us government. the japanese firm will pay a billion dollars and plead guilty to criminal wrongdoing over its airbags, which have been linked to multiple deaths. on friday shares rose more than 16 percent but today fell as much as 10 percent in tokyo. the news is dominated by trump today

and the fall in the pound. also, davos has a page. talking about the rich people. the gathering of bigwigs they say. in dasos. that is under way. we are live there tomorrow morning i believe. we'll cover it all week. we'll speak to some of the bigwigs. tanya beck is there for us. she's a bigwig. she is! now, let us talk about what is going on in south korea. a massive story breaking today is the news that the de facto head of samsung has been calld into question at the end of last week. they have now asked for his arrest. over to south korea and let's talk

to kevin kim. what is the latest? samsung is believed to have signed an $18 million contract in 2015 with an $18 million contract in 2015 with a company controlled by the close friend of the impeached south korean president and prosecutors have argued that this payment was an act of bribery. the company's being investigated, whether the millions of dollars was in return for getting a merger through of two of its companies to help strengthen the family hold of sam shuck. last week, mr lei was summoned and questioned for almost 2a hours. the prosecutors now believe that they have enough evidence to request to detain mr llee and an arrest warrant has been filed. give me an idea of the kind of damage that's been done here —— mr lee. i've been reading stories of people saying it's notjust damage

to samsung but it could be to the entire economy? that would be the argument that samsung would like to make. the court has yet to accept the warrant and it has a few days to consider. if mr lee does get detained, it will be a big blow to the image of the company. samsung is one of the biggest companies in the world and, for the head of the company involved in a corruption scandal would be very bad for the company. the company suffered another fiasco involving mobile phones that would explode during charging, but the news involving the head of samsung possibly being detained could be seen to be far more devastating than the phone recall from last year. kevin kim thank you very much. let us have a look at markets in asia in general which were reacting toa asia in general which were reacting to a great degree to what donald

trump had to say. the markets have disappeared for some reason. the japanese markets were down by 1%. the dollar weakening and the yen strengthening, affecting exporters listed in tokyo. the other big effect is in anticipation of what theresa may is going to say in her speech this week about how the uk intends to depart in defrom the european union. the pound is falling significantly versus the us dollar. the ftse 100 fairly flat at the moment. let me hand you back to jamie to talk some more about these markets. we are going to be talking tojeremy cooke chief economist at the world first. the pound goes down, ftse goes up, thatis the pound goes down, ftse goes up, that is normal, but it doesn't seem to be happening like that today? not so much. we are waiting to see what is said on theresa may's speech, we

have the pound falling through sunday into today, a speech by mark carney later today too. most importantly, inflation numbers from the uk economy over the course of this week as well. we have seen a near 20% fall off the value of the pound since brexit or since the vote for brexit. will we see that being represented in prices we pay in the shops. it also is to a degree isn't it, it's represented in petrol prices and energy? the protection contracts that have been bought are starting to run out. it doesn't seem to have affected just life in britain. we are all still going out there and spending a huge amount, especially at christmas. nothing seems to have changed to every day life? it will be interesting to see whether that was the last hurrah of

britain. when things get tough, britain. when things get tough, britain goes shopping. it's true. will consumer credit pick up and will people spend the same amount of money on unsecured boar rogue. the bank of england said that is something to watch in 2017. interesting to hear what mr carney has to say because he has a tightrope to walk. the pound, inflation headed up a bit and also of course he's got into a lot of hot water with what he's been saying in the mast? they are mandated to keep prices steady —— in the past. the mast? they are mandated to keep prices steady -- in the past. and be independent as well? politically independent as well? politically independent as well which may have been an issue in 2016. if he's seeing inflation run above target... he says he's prepared to let it go higher? run hot is the phrase they have been using, is that 2.5, 3 or 4 and when do we feel people put under

pressure by price rises. thank you very much. jeremy is going to reveal his worst technology mishap later. very much. jeremy is going to reveal his worst technology mishap laterlj his worst technology mishap later.|j can't think of all of mine. still to come: we'll get the inside track on the world of events apps that let you make the most of your downtime, if you have any. we'll find out if what they could do for socialising or dating apps have done for relationships with business live on the bbc news. we are talking retail in the uk. it has been dominating business news for over a week. shop direct, the owners of littlewoods and very.co.uk are the latest retailer to put out their christmas results and it's more good news. they reported 9% sales growth year on year — the fifth year in a row they've had a christmas boost. andrew walker is in our business newsroom. so really, it is the triumph of

online shopping really, isn't it?l very strong performance. 9% growth in total group sales over the seven week christmas period. still significant, although modest growth for the year as a whole, 2.4%. and of course, one thing that's striking about this business is that it has entirely moved away from bricks and mortar and moved away from printed catalogues which was nearly three—quarters of the group's sales and it is basically an online operation and in those sales, it is just short of 70% is actually done on mobile and as the company chief executive said in this statement, as consume fers reached for their mobiles over the christmas period. that's very much a central part of their selling point is that consumers can simply go on to the mobile and order there and they are putting effort into developing

interactive services, chat boxes which can provide the service that consumers want through artificial intelligence support services, more information through artificial intelligence rather than the traditional business of going into a store and asking a real flesh and blood assistant. andrew walker, thank you. one of the latest stories, unions holding talks over the tube strikes. we have got unions holding talks with london underground today aimed at averting strike action on 7th february and also the other story we've got here, the pound may surpass flash crash lose as the pound continues to go down, there are fear it is might actually go below that level of 1.18.41 against the dollar. we will watch that to

see where it's going. hello. this is business live. in a wide—ranging interview with the times, donald trump said leaving would be a great thing and he wanted the us to strike a trade deal with the uk as fast it could. it was more than talking about the relationship with the uk. a quick look at how markets are faring. they are reacting to that interview. bmw shares are down over 1% in frankfurt. all the markets are down. london the least. a falling pound is good news for many companies listed on the ftse100. they are mainly global international companies. a wea ker global international companies. a weaker pound means they make more money. we are waiting to see what is going to be happening with mark

carney who will be giving a talk later on today. the markets are in a wait and see mood. phone—based apps have transformed everything from dating to dining, and they're now trying to revolutionise our down time as well by taking advantage of the "experience economy". in 2014 the us alone generated around 22 billion on tickets to live events. while selling these has been dominated by the likes of ticket master and stubhub, a new breed of app are trying to tailor experiences to your needs and location using your smart—phone. one company that's trying to carve out a slice of this market is revl who offer 148,000 events to their users in london. the question remains though can they actually make any money? joining me is brandon stephens, co—founder of event discovery app revl to talk more about the space. give us an idea about how it works?

it is like the spottedify of events. we have partnered with 600 organisations and institutions to allow them to broadcast events across the likes of trivia nights at your local pub to worldwide tours and... can't we get that already on time out or any of the other, lots ofapps? time out or any of the other, lots of apps? time out will filter some of apps? time out will filter some of the information out. they will ta ke of the information out. they will take the things that are most interesting, but we are providing a place that you can find out anything going on at any club or pub or museum. if you want to find out about the mere cat viewing at the london zoo, we'll have that. that sounds time consumer and labour intensive. how can you be across everything? with 148,000 events, thatis everything? with 148,000 events, that is a lot of information. you can organise the app so that you find, you take your favourite pubs

and your favourite clubs... how do you physically make it happen? so we are partnering with 17 different ticketing agencies and they are providing us with a huge range of content and we are partnering with the pubs, clubs and museums so, the national gallery, the british museum and the houses of parliament are uploading events and that open platform where anybody can publish events is what builds this list. that's all right for big organisations and big chains, but what about my local pub which is just having a quiz night, can i find out about that? you can. it depends if it puts the information into your system ? if it puts the information into your system? we are going out and partnering with all these guys. as an app that launched a week ago, we have been able to bring this critical mass of partners to put together the content. how do you make money? mainly through advertising. with a comedian or comedy promoter wants to list their event at the top of the comedy channel, we provide them with that facility. 90% of

channel, we provide them with that facility. 9096 of all start-ups fail. at what point do you know you're going to be a something ses?” at what point do you know you're going to be a something ses? i don't think you ever know. you mean facebook is still worrying?” think you ever know. you mean facebook is still worrying? i have been through a start—up before and you never feel confident you've reached that hurdle. we are making sure we continue to build. if we find out about your history, you and your wife are a team that have founded this with another individual. silicon valley—based. you've ran a few companies already and been fairly successful. are you banking on that experience really, i assume to make sure this works? we are banking on our experience, but we put together an incredible team that's behind us that's bringing it to bear. how many does it to take run to something like this? we have 17 employees. that's a lot of people. you have got to fund 17 salaries. i was thinking, back to a

question i was asking, when do you start making money? you start making money now. we have some degree of revenue that's coming in on this point on the commission of certain tigting sales, but it will continue to grow as we build a larger user base. bringing together that amount of co nte nt, base. bringing together that amount of content, what we're banking on is the content will drive people being excited about downloading the app and with that comes the advertising revenue. 0k, thank you very much indeed. all the best. thank you very much. we will keep an eye. in a moment we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. the business live page is where you can stay ahead with all the day's breaking business news. we'll keep you up—to—date with all the latest details with insight and analysis from the bbc‘s team of editors around the world and we want to hear from you too. get involved on the

bbc business live web page. on twitter we're at bbc business and you can find us on facebook. business live, on tv and online, whenever you need to know. we were having a debate about whether 17 is a big number or not! it is getting big. when you're responsible for 17 salaries, it keeps you awake at night! it's a lot of people. anyway, jeremy is back. we're going to lose time here. so jeremy, let's talk about the story, the tesla car. first of all, tell us about what happened to begin with. and then we'll discuss some of our technology mishaps? tesla cars you can turn it on using your smartphone. this guy who owns a tesla car took it out to take some photos of the snow in the us, drove into a canyon leaving his car key at home. took photos and took some

lovely photos and got back in the carand lovely photos and got back in the car and couldn't turn his car back on because there was no cell signal. that would happen a lot in this country. even places like clapham where you can't get two bars. what happened to you? uploading personal photos on twitter.” ordered a disco ball for my son for his party and it arrived and it was this big and it was powered by one aa battery. we came up with a plan. stephen says, "i left ebay and a colleague clicked buy it now on a £47,000 plane! " that's brilliant. let's talk about this deal in the

financial times, it is a 50 billion euro merger. jamie and i had to admit we haven't heard of either of these companies and yet they are behind ray ban? every pair of fashionable sunglasses come from either of these companies. these two are quietly getting on a day when they are not mentioned on a day when eve ryo ne they are not mentioned on a day when everyone is talking about mr trump? a50 everyone is talking about mr trump? a 50 billion euro tie up. the amount of people who don't wear glasses... two european companies, italian and french. look the brand names, they have chanel sun glass hut.” french. look the brand names, they have chanel sun glass hut. i wonder if mrtrump will have chanel sun glass hut. i wonder if mr trump will put taxes on importing those into the states? that's it from business live today. there will be more business news on

bbc news. see you tomorrow. good morning to you. this week is going to be very different compared to what we had last week. much milder. certainly no snow in the forecast and there is no winter on the horizon either. today, cloudy, damp and mild for many of us. we have weather fronts crossing the country right now and high pressure to the east of us and to the south of us will start dominating the weather in the coming days. this is what it looks like on the satellite picture. clouds are streaming in off the atlantic. we have got the thicker band of cloud across central air crass of the uk where it has been damp this morning and that's likely to continue through lunch time and into the afternoon. not everywhere today, will it be raining, but particularly from the north—east across yorkshire, the midlands and into the south east you're likely to need your umbrella from time to time. eastern areas, look at the temperature, five celsius in norwich, but by the time

we get to western parts, it is ten celsius. there is a temperature contrast between the east and the west. the mildest conditions today will be in the far north—west because the milder air is coming straight out of the central north atlantic. so here temperatures of around ten or 11 celsius. some of these temperatures will be realised further south as well, but in east anglia and the south east it stays colder. tonight, no frost on the cards apart from just about east anglia and the south east. some of that colder weather you can see across the continent here is just about leaking into east anglia and the south east. so only two celsius for london, but really for most of us, it is a mild night with the low, grey sky, drizzle, bits and pieces of rain you can see across western areas. but there will be sunshine around too. tomorrow, again, it's anywhere from say the isle of wight to norwich, there could be sunshine, but again the coldest of the weather. so we're getting that influence from the colder continent across this part of the world. high

pressure is going to be dominating the weather through the course of wednesday and into thursday. that means very wednesday and into thursday. that means very light winds across the bulk of the country. maybe a touch of frost in some southern areas, but that's pretty much it. the further north you are, the milder it will be. again the south—westerly atla ntic be. again the south—westerly atlantic winds coming in. so ten in stornoway and five celsius in london and thursday, very little change. friday, very little change. hello it's monday, it's 9 o'clock, i'm victoria derbyshire, welcome to the programme. this morning, women who've been refused a life extending breast cancer drug called kadcyla tell us what it means to them. it's the fact you know the drug is there and is good. i think if you knew it never existed, i wouldn't have the hope of being able to use it. the only time i feel really upset is when i think about what i won't see, the events in my

daughter's lives that i won't be around for and when they would have liked to have had me around. i've seen liked to have had me around. i've seen my youngest start school, seen them go to brownies and seen them achieve things that i didn't think i would be here to see. you can't put a price on