this is business live from bbc news with ben bland and jamie robertson. the white house says president trump will talk tough on trade with china when he visits asia next week, we look at what's at stake. live from london, 24th october. as china's party congress draws to a close — washington says it plans to tackle beijing's "predatory trade practices" . trade practices". also in the programme — the united states is imposing limited measures against myanmar in response to the treatment of its rohingya muslim minority. and more could follow. this is how the markets are doing. not much movement in london and frankfurt. not much movement in london and frankfurt. a bright idea in renewables — one of the leaders in storing solar energy — sonnen — will be here to discuss

taking on rivals tesla and setting up projects in hurricane—hit areas. and as a car finance firm issues a profit warning because of falling new car sales — we want to know — would you still buy a new car? just use the hashtag bbcbizlive. hello and welcome to business live. would you boy a new car not a used one, especially not from jamie. today marks the last day of the five—yearly congress in china, which has confirmed xijinping a second five—year term as it ends. xi will even have his name inscribed in the party's constitution, placing him alongside mao in the chinese pantheon. but as xi consolidates his power, america is ramping up the pressure. on monday, the white house said that on his forthcoming trip to asia next week

president trump will press china to cease what the white house calls its "predatory trade practices". and he will do that by addressing the "problem of china's trade barriers". and there is a lot at stake. so far this year, the us has imported goods worth over $319 billion from china, but only exported $80 billion worth. that's a deficit of $239 billion. but here's the question — will china be in any mood to listen? we'rejoined by sarah fowler, international economist, oxford economics. sarah, what is america trying to get, what is it trying to do? so, trumps team has this impression that

the goods deficit has caused a lot ofjob the goods deficit has caused a lot of job losses the goods deficit has caused a lot ofjob losses in the us manufacturing, research over the last 20 years since china ranked up its trading shows technology is much more the cause than trade. so trump's narrow focus is on narrowing this goods manufacturing deficit with china, but actually the services surplus, the us runs quite a bit services surplus which has risen very fast over the last decade. is he not ignoring the services? he is. it, the services surplus is much smaller than the goods deficit, which is why it is perhaps not noticed so much. is it growing quite fast? yes, the way the chinese economy is rebalancing, the services sector in china is growing

faster than the goods manufacturing. so how do you think, how, what does china feel about this? china obviously, in terms of its service sector, wants to see it developed, does it feel kit do that still with an open services trade with the us? yes. services trade is absolutely crucial to china as it rebalances its economy, so earlier in year, the us started an investigation, a probe into china's intellectual property because what has happened us tech firms have struggled to make progress in the chinese market. so donald trump may be perhaps looking for a legislative win before the midterm elections, because policy progress has been somewhat slow, and so on progress has been somewhat slow, and so on the intellectual property side

china could make some modest concessions. the elephant in the room is going to be north korea, how does the north korean situation play into trade relationships between the us and china? well, so, i think they both effectively want the status quo with north korea, for the us, imposing more sanctions, would hurt its own economy because north korea trades with about 80 country, the treasury, the us treasury has the power to impose sanctions on any multiculturals or banks that do business in north korea, but that of course would hurt the us economy as much as every other economy. from the north korean perspective, while more sanctions would hurt their living standards, the elites could protect from that, and quell any social unrest in the population,

buzz for north korea, it would eventually raise the cost and the risk of the more nuclear development, so the us is likely to keep that threat there and stop them. 0k, thank you very much. ok, thank you very much. let's take a look at some of the other stories making the news. google's new flagship smartphones, the pixel 2 and pixel 2 xl, have received complaints about the quality of the screen. tech reviewers, who have had the device for about two weeks, noticed "burn in" on the display, while others noted "muddy" discolouration on the screen. google said it was investigating the issue, which it took "very seriously". a court in new york has found a former hsbc trader guilty of defrauding a british energy company in a $3.5 billion currency deal in 2011. us prosecutors accused markjohnson of exploiting confidential information from cairn energy. investors have been selling off shares of toymaker hasbro. its stock price tumbled by 10%

after the firm warned that toys'r'us bankruptcy would hit holiday sales. the fall came despite better—than—expected earnings. hasbro saw quarterly profits rise to 266 million dollars due to strong sales of its transformers and my little pony franchises. the united states has announced limited measures against myanmar in response to the treatment of its rohingya muslim minority. it is considering targeted economic sanctions against certain individuals it believes responsible for the violence. first, karishma vaswani is in singapore. what kind of sanctions are these they are thinking of bringing in? jamie, the sort of first indications

we are seeing or early indications of how seriously the us state department is taking this issue, it says it is gravely concerned with it and added in the statement from the state department its imperative that individuals or any entities responsible for the atrocities in the state should be held accountable. the us decided won't allow a ny accountable. the us decided won't allow any burmese officers is to participate in us assistance programmes, that means it is cutting off military assistance to them, but with regards to economic sanctions, the things they are considering against targeted individuals associated with the violence would allow for visa bans and asset freezes of this individuals, so serious considerations with regards to sanctions in myanmar. 0k. many thanks indeed. and the markets. we don't talk about

the new zealand dollar very much, with the incoming labour government coming in it could prove negative for the new zealand dollar. let us look at europe. not a huge amount of movement. some political tensions, of course the rumblings continue in catalonia, the issue of whether they wa nt to catalonia, the issue of whether they want to break away from spain, and also the far right party afd taking their seats in the german bundestag later today. the other thing investors are watching is the meeting of the european central bank which happens this week and the bank of england and what they might do on interest rate, that meeting is happening next week. first let us ta ke happening next week. first let us take a look at what is happening on wall street. several companies will be reporting earnings on tuesday. the recovery in the construction city will help caterpillar's profit

and revenue. the heavy machinery manufacturer which has been battered in the last few years by a slurp slump in oil and commodity prices, as well as weakness in china, but is seeing a rise in construction equipment sales in china specifically, because of increased infrastructure investment. also reporting, mcdonalds. it has been trying new menu items to try and attract more customers. things like fresh beef quarter pounders and craft sandwiches. but it seems that its $1 drinks drove up traffic. and while we are talking about fast food, we should talk about chipotle, which has also reported a rise in earnings. the chain has been trying to recover from a few food safety lapses. most recently one restaurant had to close because of an outbreak of the norovirus. david bloom, global head of fx strategy at hsbcjoins me now. street. receive we were talking

before we came on the programme, about why people aren't concerned is about why people aren't concerned is about politics, they, the thing that is concerning markets is the central banks and round the world and what they will be doing, can you take us through that is the the financial crisis in 20062007 and wait for the first—rate rise in 2015, and they have been raising rate bus the next wave has started. we saw the canadians couple of months ago do their first canadians couple of months ago do theirfirst hike, this canadians couple of months ago do their first hike, this week we are look for the ecb to reign back and next week the bank of england is going to drop the clanger by raising rates in the uk for the first time, i think, before some of your viewers we re eve n i think, before some of your viewers were even born! it is interesting the way you talk about it. you talk about they will do this, they will do that, we were discussing that about how there is very little uncertainty now given the way a lot

of, although it is not over until they published it. i am saying they will it is what they have told me to tell you. the fed has said, here, december, is that ok with you? the bank of england said next week? but you are referring to the hints and tips. it is more than that, it is more, it even more overt than that, you know, in the old days waiting the central bank would come with a decision and markets would flash, now we have like six, eight weeks to prepare ourself, so by the time it happens it is like a ship that passesin happens it is like a ship that passes in the night. you think the bulk of the moves happens before? absolutely, if you look at the dollar, 2014 rose 25% before the fed raised rates, some two years later, this year we had the euro going from 1.05 toi.20 this year we had the euro going from 1.05 to1.20 and this year we had the euro going from 1.05 to 1.20 and we had sterling

going from 1.25 to 1.32 because the bank of england is going to raise rates. it is done. it is baiting the cake. you will go through the papers with us later. harnessing the power of the sun — we'll be speaking to a leader in renewable energy batteries to find out how they plan to go global. you're with business live from bbc news. whitbread, the owner of costa coffee and premier inn, has announced pre—tax profits of £316 million. however, the results at costa were more disappointing, with the chain reporting a 10% fall in half—year profits to £59 million, partly due to coffee imports being more expensive. theo leggett is in our business newsroom. how well placed are they then to

weather this drop? whitbread has a group seems to be doing remarkably well, its profits are up by about 10% on an underlying operating basis its headline figure is up 26%. it is expanding rapidly. look at the share price this morning. down 5%. now the reason for that is concerns about one of the two main divisions of this group, costa coffee the so we have premier inns doing very well. it is expanding rapidly, and does seem to be benefits from an increase in tourism due to the weakness in the value of the pound. costa coffee profits are down nearly 10%, more than that, on an underlying basis, to looking at what is happening in the existing outlet, stripping out the existing outlet, stripping out the growth, underlying sales have only grown by 0. 6%. this is a coffee maker struggling to generate growth in its existing store, that maybe partly because consumers are

moving towards more sophisticated products. on top of the fact imports are more expensive because of the wea k are more expensive because of the weak pound, people aren't so keen on that product any more and maybe they are going elsewhere. as we see investors aren't that impressed. tell me about the third wave of coffee. costa said this today, this what is the uk is entering, the third wave of coffee. it sounds ominous. yes, it means consumers have gone from drinking unsophisticated freeze—dried muck we had a year year ago to going for posher coffees and now they're moving into niche products and specialist summer coffees. costa is moving into those things and it has new coffees. but other people are doing that better. go and relax and

have a cuppa. or have a coffee. we are back injust a moment. you're watching business live — our top story — there's tough talk on trade ahead of president trump's trip to beijing next week. last year, world leaders signed a landmark agreement to keep global warming below two degrees celsius. and with car—makers already making a transition to greener technologies — many companies are moving in the right direction. globally, our ability to capture solar energy increased by 50% in 2016 alone, but some of this electricity can be wasted if it's not used immediately. one company hoping to change this is the renewable energy firm sonnen. the business installs batteries in people's homes and it's claimed that the system can provide three—quarters of your yearly energy needs. christopher ostermann is founder and ceo of sonnen.

tell us how the system works. the syste m tell us how the system works. the system is storing solar power until the point in time when you need it. for example in the night. it can cover the energy need for an entire night and manage the energy in your house, meaning improving our consumption, by switching electric devices. you're northern europe and it would be possible to be cynical and say there is not enough to keep my washing machine going at night. in northern europe you have sun light and it is enough to power a house. how much do you need. an average is a four or five kilowatt

teak. the storage and installation is around 10,000. that is a lot. a lot of people won't be able to afford that. the key for your business is getting developers to install these as standard ? business is getting developers to install these as standard? yes as well. it is developers and individual home owners. and if you imagine that you save 75% of your electricity bill from day one and this system lasts 20 years you have a fairly well pay back. the real market for you must be in new build iimagine. market for you must be in new build i imagine. that must be where you can... organise it so with the developers to get all the roofs facing in the right direction and the infrastructure in place, how much of your stuff is new build or is it retro fitting? 80% of

much of your stuff is new build or is it retro fitting? 8096 of the business is newly installed installations, not necessarily on new homes. new homes is maybe 50% of the business. what you need is regulator tos or s to say we are going to build revery new house with this. yes this is happening around the world, people understand cleaner energy isa the world, people understand cleaner energy is a main issue. where is it happening and where is not happening. needless to say in the united states it is not happening for several reasons, but it is happening all over the world. the energy market it getting decentralised and this is supporting what we do. we solve the problem of renewable energy. you never know

when the sun is shining and storage over comes this problem. how big are these things. is it the size of a boiler. no it is like the shelf for shoes. it is 60 centimetres wide. that gives you enough power from the time the sun goes down until it comes up time the sun goes down until it comes up yes. you don't use use your own battery. how does that work. we are sourcing battery sales from different suppliers, high quality sales that last 20 years and we are building the rest around that and the main part of what we are doing is the software part. it is do with what you call communities of batteries. yes we invented this community and this means that we interconnect thousands of residential systems into a virtual

power plant and what this does is supply customers from grid powers from other users, and secondly it supports the grid, by giving balance to the grid. do i have to be close to the grid. do i have to be close to the grid. do i have to be close to the other users? no, you can use the public grid, you're paying a fee for that. we are using obviously the asset of the grid. but we can use the grid. so it is a national concept and no matter where you live you can be part of the community. thank you very much. 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 the day's breaking business news. we have insight and analysis from the bbc‘s tea m 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. and we are on twitter and facebook. david is back to look through the papers. we will start with the story in the hill, the political web—site based in washington, the president very close to picking the next chair of the federal reserve? yes the story is he wants to pick it before he goes on his tour of asia. there is a lot of speculation. but the institutional framework of the federal reserve bank of america is bigger than any individual. so i'm not particularly worked. you don't think it will make a difference? no, people are speculating and traders love this kind of thing, when you

have an esteemed institution, if i was to ask the difference between eddie george and her mervyn king and carney, you would say you can't pick them out. it is an institutional framework. but of course i'm intrigued. there is a difference between the hawks and doves. i know he is the chairman and he has to go with the committee, but he still has a lot of weight. yes, but to be honest once these people get in the job, it isjob that makes them or they make the job. when you have a powerful institution it difficult to come and chop and change it. they will make a difference on the margin, but i'm not particularly worried over the next five years that whoever he picks will be a massive change in policy. now back

closer to the uk and in some respects people wouldn't see this as important, but it is a car dealer which has a profit warning. there is more to that about what is going on in cars and carfinance. more to that about what is going on in cars and car finance. it is not just cars, people are worried about the credit growth in the united kingdom and people earn money from financing deals and we are worried about consumption, but the bank of england is talking of raising rates. and we think they will raise rates again in march. so we have discord. because car sales are not doing well and consumers are struggling and the bank of england say we want to raise rates. we have been asking for tweets on this, whether you would buy a car. darren said buying a new car is like chucking a third of the money in the river. always buy second hand. he says if i could

afford it, yes. helen said always buy a three—year—old vehicle. afford it, yes. helen said always buy a three—year—old vehiclem might be difficult for everyone to buy second hand cars. you can buy them too old and you have to pay higher taxes to drive into london. but making the air cleaner for us all. that is one argument not to buy all. that is one argument not to buy a second hand vehicle. or you can buy no vehicle. i gave my car away. maybe for the sake of the economy you should buy a car. i don't know how devoted to the economy you have to be to do that. thank you very much. that's it from business live today. there will be more business news throughout the day on the bbc live webpage and on world business report. we'll see you again tomorrow. we have a mild start, temperatures

in double figures in most parts already. with it we have a lot of cloud. in fact you can barely see the uk beneath the cloud. it is coming from the south and west which isa mild coming from the south and west which is a mild direction. that is why temperatures are above average. for today while it will be mild, there is some rain. a wet start in northern ireland and scotland. but that rain clearing and there will be brighter skies later. for wales and north—west england, the midlands and the east it will be damp. some showers in western scotland. otherwise in scotland some good sunshine. and some sunny spells in northern ireland before the cloud sta rts northern ireland before the cloud starts to increase later. for north—west england and wales and the midlands and norfolk, cloudy with some rain. in the south, it will be cloudy, but a few breaks could

develop in the south—east. in the south west misty and murky. tonight more rain spreads in from the south and west, pushing through northern ireland and into scotland, turning wet in the far north of england, wales and into the west midlands. with all this cloud and this feed of milder air, temperatures tonight no lower than 13. as for wednesday, it will start cloudy, but quickly some sunny spells. cloudy in the far south of england. even here a few bright spells and temperatures up to 20 celsius. elsewhere good spells of sunshine and blustery showers in western scotland and temperatures 14 to 18. this front will bring the milderair into to 18. this front will bring the milder air into the south. the air cooler further north. milder air into the south. the air coolerfurther north. but milder air into the south. the air cooler further north. but this front giving us more cloud, some rain on thursday in the central areas. but

some good spells of sunshine in scotland, northern england and northern ireland. again the temperatures into the high teens. as for friday, this front though finally will move to the south and the high pressure for many of us, so while it will be chillier, for most of us friday is a dry day. some good spells of sunshine. and temperatures down to 15 celsius in the south. 11 or 12 down to 15 celsius in the south. 11 or12 in the down to 15 celsius in the south. 11 or 12 in the north. that is it from me. hello, it's tuesday, it's 9 o'clock, i'm tina daheley, welcome to the programme. criminal gangs are trafficking thousands of children from london around the country to sell drugs — a leading charity has told this programme. kids as young as 12 are used to transport and sell the drugs — a practice known by the police as county lines, or cuckooing. we've spoken exclusively to two young people who were exploited in this way. it could have led to me being

arrested, getting kill, ifelt lucky getting out when i could have. disabled people are losing out on jobs because a government support scheme, aimed at helping disabled people with physical and mental health conditions work is no longer fit for purpose, campaigners and recipients have told this programme. they say the access to work programme is beset by errors, with many having vital support cut.