this is business live from bbc news with sally bundock and ben thompson. the latest intel on spectre and meltdown chip vulnerability. the boss says fixes will be rolled at by the end of the month. live from london, that's our top story on tuesday the ninth of january. brian krzanich reassures customers there's no evidence the chip issues have been exploited as the world waits for the problem to be resolved, but how did his speech go down at ces in las vegas? we'll be getting an expert view. also in the programme — apple could be facing legal action in france, the iphone‘s under the microscope there over intentionally shortening the life span of smartphones. and the european trading day has just got under way — in london, better than expected news

from morrisons bodes well for retailers. we'll tell you all you need to know. catching the copycats — we meet the woman behind a service that lets small firms track down and stop others stealing their ideas, without using expensive lawyers. and with all that new tech and latest gadgets on show at this year's ces, we want to know, what would you like technology to do for you? what gadget would change your life? let us know, #bbcbizlive. hello and welcome to business live. one that can make me a really well—made cup of tea and look after my children simultaneously, that would be perfect! the boss of intel has made his first major public

appearance since the security scandal that has potentially left millions — possibly billions — of machines vulnerable. called meltdown and spectre, they could allow hackers to steal sensitive data, including passwords and banking information. the uk security services say the chip vulnerabilities have not been exploited and structurally there is nothing wrong with the hardware. it's like having doors and windows in a house — that need to be there — but that burglars are able to exploit. adding to intel's image challenges, the compa ny‘s chief executive, brian krzanich, sold about $24 million in intel shares in late november, after the company learned of the chip security problems, reducing his holdings by about 50%. intel released a statement insisting there was no impropriety, saying the sale was "unrelated", rather a pre—arranged stock sale plan, and that he

"continues to hold shares in line with corporate guidelines." at the consumer electronics show in las vegas, intel's chief executive said there was no evidence that customer data had been put at risk. to make sure your data remains safe, apply any updates from your operating system vendor and system manufacturer as soon as they become available. for our processors and products introduced in the past five years, intel expects to issue updates for more than 90% of them within a week, and the aiming by the end of january. claudio stahnke is a security research analyst at canalys. how worried are people by this? nice to see you, claudio. i wonder

if you can explain how significant this is, because we have heard from both sides, but it seems to be a big problem. yes, definitely, and not affecting only intel, every microprocessor manufacturer has used the same architecture with the same exploit that now have been released to the public. and now everyone is trying to patch this problem. there are lawsuits, three class—action lawsuits that have been brought in the united states, alleging two key things. i wonder if you can run me through those, they could prove costly for intel. so basically the main problem is the slowdown in performance, because obviously in order to fix the security flaw, performances will probably be impacted, although for the everyday user, this impact will not be so noticeable. it will be more noticeable. it will be more noticeable for cloud providers, as they've built by the second — if

their processors now need 60 seconds to perform a task and tomorrow they will need 61, you can see how everything will be more costly. so mainly high—end users will feel the impacts of this. there is also criticism that it took so long for intel to basically admit to this problem, why did it take them so long? well, this is common practice when you find and exploit, before releasing it to the public, you patch it, you worked in the background in order to fix the problem before releasing it, because otherwise bad actors might decide to exploit the problem. critics would say intel found out in the summer and only told use of this week, does it really take this long? it is a problem that has been there for 20 yea rs, problem that has been there for 20 years, and they just problem that has been there for 20 years, and theyjust found out six months ago, so i assume that it was a huge problem to face, so six months could seem realistic,

considering also the fact that they had to work with a lot of partners, starting with microsoft and other security vendors. an interesting story, thank you for now, claudio from canalys. thank you, ben. let's take a look at some of the other stories making the news. french prosecutors have launched an investigation into apple over allegations that it slows down older iphone models. under french law, it is a crime to intentionally shorten the lifespan of a product with the aim of making customers replace it. in december, apple admitted that its software slowed older iphones to cope with weaker battery performance. the camera—maker gopro is reportedly considering putting the company up for sale — after disappointing results. the firm had earlier said revenue fell almost 40% in the last three months compared to the same period last year. it has also announced redundancies and an end to its drone business. google has been accused

of discriminating against conservative white men in a class action lawsuit. it's been launched by two former engineers. one of them was fired last year over a controversial memo which argued there are fewer women in top jobs at the firm because of biological differences between men and women. samsung electronics appears to be going from strength to strength, despite its boss being behind bars. the south korean tech firm released its earnings guidance this morning, and it's a bit of a mixed picture. they are making record profits but not as good as some people were hoping for. leisha santorelli is in our asia business hub in singapore. well, sally, iwill start well, sally, i will start with the numbers, samsung forecast profit for

the final three months of last year willjump the final three months of last year will jump by 64% the final three months of last year willjump by 64% from one year earlier to about $14 billion. now, this would mark the third straight quarter they have posted record high operating profits, so that is really strong. most people think these numbers are due to the sale of galaxy smartphones, but they are mostly due to the sale of the chips inside the smartphones, as well as other intelligence devices. samsung with the world's biggest semiconductor manufacturer, and so while the numbers are good, we're actually seeing some mixed reaction because kjaersfeldt over concerns that the prices of memory chips will fall. thank you very much indeed. that pesky strong currency syndrome eating into samsung profits to some degree, a story that many companies around the world know well. let's look at the markets around the

world, this is wall street the night before, every day this year the s&p 500 has closed at a record high, when will that end. it hardly move, but it is going up and up and up. australia, hong kong, japan, closing up. japan opened today for the first time this week. softbank pushing up japan. we have a weaker yen helping japanese stocks. but china, again, aids day rally in china, that didn't end either, it seems to be heading in one direction. —— eight day rally. morrisons shares up in london, we are trying to move these on for you to see the european boards, they are over ben's shoulder! morrisons had really healthy sales over christmas, better than expected, good news for retailers, the feeling about retailers, the feeling about retailers, a real focus retailers, the feeling about retailers, a realfocus on how they are doing. i will hand you to ben,

he has got the numbers and not me! i stole the board, look! george godber is here to talk about the european markets, nice to see you. the reshuffle is well under way in the uk, cabinet reshuffle, the prime minister, theresa may, having some difficulty getting a new cabinet together, what affect on the market? you have just alluded to the strong start that world markets have had this year, and a noticeable lag and would be the uk market. the merrill lynch data is very clear, uk asset allocations are at a 40 year low, partly because of brexit and the concerns around that, but in addition to that the political uncertainty, and the worries investors have over corporate governance and what that might mean for the uk economy and market, and that hands over the cabinet reshuffle. if i could just chip in, you have got that going on, and yet

in europe the figures are so strong, the manufacturing data out of europe, just in spain their economies growing 3.1% year on year in 2017, the spanish economy! i mean, in terms of people looking around the world, where to put their money, the uk as far down the list, isn't it? as you say, the european recovery story is well under way and has really got momentum, partly because europe started a lot later after the financial crisis, stumbling through that, and only now are we starting to really gather momentum. but at the margin, you know, investors are not putting their money into the uk, it is creating some great opportunities in the uk because everyone is looking the uk because everyone is looking the other way. news on unemployment june later, expected to rise slightly, but the picture in europe is ofa slightly, but the picture in europe is of a solid recovery. there is a little uk staffing stuck with a

global business, they are the best lead indicatorfor global business, they are the best lead indicator for employment, very strong improvement in european temporary and permanent placements, see a continued robust performance in the european employment market. see a continued robust performance in the european employment marketlj in the european employment market.|j know you will be talking us through the papers later. still to come, catching the co pycats. we meet the woman behind an app that lets small firms track down and stop others stealing their ideas without using expensive lawyers. you're with business live from bbc news. first of all, let's talk more about morrisons, dig deeper into those numbers that i talked about earlier, in the christmas period, they saw profits of 2.8% like—for—like in the ten weeks to the 7th of january. this comes in ahead of analysts‘ expectations of 1.7%. mollyjohnson—jones is a senior retail analyst at globaldata. good morning to you, nice to see

you. your take on these figures? they look pretty robust. yes, they have delivered a very strong performance over the christmas period in both retail and wholesale, because people were worried about a slowdown, but they have invested in their premium ranges and improved their premium ranges and improved the store experience and benefited significantly. what have they been doing? you explained earlier that they had done a lot of catching up when it comes to their offerings to consumers. yeah, so with the new ceo, he has invented a turnaround programme which means they have played catch up with the other supermarkets, investing in online, going into supply deals, and they have improved the store, improving their supply chain in terms of getting their ordering automated. all very easy wins at the moment, so in the future we will expect summer slowdown, but they are in a good position for 2018. the likes of tesco and sainsbury‘s are not too

worried. morrisons is a smaller player, and the majority of their geographical overlap is with this cou nters geographical overlap is with this counters and as that, rather than tesco sainsbury‘s, so not a particular thread at the moment. —— asda. as we mentioned, morrisons says up 5% today. speaking of christmas cheer, on our web page, majestic winds say their sales were up majestic winds say their sales were up 3.2% compared to the same time last year. and a big update from persimmon, the house—builders, reporting an increase in revenue, it says up 9%, that will anger many people who say that the big house—builders are sitting on land and keeping prices artificially high, an accusation they deny. will be getting more results as the progresses, many retailers coming out with their numbers, and we will get a picture of what is going on in terms of where we have been spending money. food and string sales, the

essentials, but less money to spend on other goods. —— food and drink. food has been more expensive partly because of the impact of the pound et cetera. you're watching business live. our top story: the boss of intel says fixes to deal with the spectre and meltdown chip vulnerabilities will be rolled out by the end of the month .he . he was speaking a the consumer electronics show. we will have a report from there later on with chloe the robot. it's a sadly familiar tale. a small business comes up with a great idea, but before they know it, it's been copied, reproduced and is being sold illegally. nearly a third of small firms rely

on their designs or plans — their intellectual property — for around three quarters of their revenue. a quarter of those had suffered copyright infringements in the past five years. and it's big business. the oecd says imports of counterfeit goods are worth 2.5% of all global imports, nearly $500 billion a year. racheljones is the founder and chief executive of snapdragon, a service that helps tackle copyright infringement. rachel, nice to see you. welcome to the programme. good morning. thank you. this all came about because you suffered that scenario we just described there. you had come up with an idea and you suddenly found that someone was selling it illegally. talk us through that. you're right. i invented a baby product some years ago now and i had a lwa ys product some years ago now and i had always thought that it might be copied, but actually the whole absolute total copy as a counterfeit hadn't really crossed my mind and when one was, a counterfeit was seized by customs i was appalled,

but i was so furious that i had to do something about it because it feels like a violation, but i was too wee. it is difficult to fights counterfeits and infridgements on my own. i employed a couple of chinese stu d e nts own. i employed a couple of chinese students and i searched online until i found people who were copying me andi i found people who were copying me and i reported them for removal. when we were talking about, i did think to myself, i bet, you know, most of these companies that are copying and flogging these things, exactly the same as your product which was a high chair for babies, they are not actually going to stop when you point out what's going on. well, what we do, we make it incredibly difficult for them to sell the product and because any bona fide portal must take down and prevent counterfeit... amazon and alibabas. they must remove the products from sale and if you keep

reporting people and say can't be sold, you're cutting off the oxygen supply and cutting off the sales channel so they go away and do something else. you need to be persistent and tenacious. you have to keep on at it because it will pop up to keep on at it because it will pop up there. and also there is big language barriers as well. we touched on the fact that a lot of counterfeits might be coming from overseas. are those the two biggest hurdles. time, as a small business, you don't have the time or energy to be doing had? you don't have the time or energy or the language skills and it is distracting, you must continue to run your business. so we offer a service whereby we are monitoring in 13 languages, 13 languages in house and we are monitoring 200 or 300 e—commerce platform for infringing products. how does your company work? i understand clients who become your clients, these are companies who make clients, these are companies who ma ke stuff clients, these are companies who make stuff and say can you watch out

for us and they pay you a fee? that's right. before they pay us anything, we make sure they are doing everything possible that's free. there is so much that people can do for nothing and they pay us a small monitoring fee. we identify the links and they can take them down or we can help with this. companies like levi and the big names, they have whole counterfeit kind of departments with lawyers and investigators who are on this all the time. they have got the money to do that and the expertise. is it getting worse or better? it is getting worse or better? it is getting worse. mostly because more people are online so there are more opportunities to buy and more opportunities to buy and more opportunities to buy and more opportunities to sell and it used to be about luxury goods and now it's about everything from fish food to hairbrushes. anything and everything that you would hope wasn't counterfeited will be. and the smaller business you are with a global footprint the more likely it is that you will be counterfeited.

we've talked about the cost to the business. but there is a huge health and safety implications for a lot of products too. i was astounded by the statistics you had about toys particularly in europe, the scale of the problem when it comes to counterfeit toys. and all the associated health and safety risks? it is horrible for toys and nursery products and for pharmaceutical, but for toys and baby things the counterfeit products don't go through the rigorous testing regime that we must have in europe to sell bona fide product and so, people do get hurt and that's a thing that really makes one cross and online it is just so difficult to tell the difference between the genuine and the counterfeit. congratulations to you, rachel. there is a long way to 90, you, rachel. there is a long way to go, but they're not going to get away with it. thank you. all this week, we're bringing you the latest from the consumer electronics show in las vegas. rory is there. dave lee is there.

it's a glitzy, flashy affair. some of the world's biggest companies are showcasing their proudest achievements. but it's fair to say that some presentations have gone better than others. take a look at this. allow me to introduce chloe. hello cloly. good morning, dave. i hope you are well. what can i do for you today? chloe, what's my schedule? you need to go to the gym at 10am today. power up. power up. smart learner has set the washer to the sportswear setting. chloe, am i ready on my wash room

cycle ? even robots have bad days! t—cloically, what's for dinner tonight? 0k. ok. chloe is not going to talk to me. chloe doesn't like me! george is back. i tell you where he went today, he asked her what was for dinner today. that's the question everybody hates. they are set up to fail. there is little sympathy when they put on the glitzy shows and things don't go according to plan. there is not going to be sympathy. some people

are referring to them as the technology that's going to take us over like judgment day and bring about the end. maybe we are seeing the response back. talking tech and the response back. talking tech and theissue the response back. talking tech and the issue with male—female, the google engineers are fighting back. they're no longer with google or at least one isn't, it is about the memo put out there last year, the man who wrote it was removed from google. he suggested the biological differences between men and women meant more men are more likely to rise to the ranks than women so he's fighting back. this whole situation is not going to play out well for google because they are going toe end up giving, losing him the way they have handled it. they should have destructed his arguments, like why are there four times men? what are google doing about it? there is no reason why it shouldn't be 50/50.

they marched him out and he can say you are just anti—free speech. i think they should have done more at the time to actually address the co re the time to actually address the core of the issue. when he was marched out, he was offered several jobs straightaway or something? back to the kick back in big tech. there isa to the kick back in big tech. there is a lot of people who want to speak to anyone who has come out of the machines, you know, is fighting against the system. i want tech to make tea and look after my kids. what go you george? we have had lots of viewers responses as to what we would like technology to do for us. if they could handle bath time to bedtime that would be, you know... do it successfully? that would be great. stephen says still waiting for his flying car, personaljet pack. michael says, "simple, iwant it to get rid of my cold." ronnie, this is, a lot of you saying you wa nt this is, a lot of you saying you want nothing more. ronnie says, "we

are getting dangerously close to being able to do nothing for ourselves anymore." " being able to do nothing for ourselves anymore." an old—fashioned car that you just drive. but they will be driverless. we're not going to drive them. the i°y we're not going to drive them. the joy of driving still. you still want to be able to drive. george, we had another story about glaxosmithkline. talking about the new boss, really changing senior management in a major way? glaxo had a big issue for a management in a major way? glaxo had a big issue fora number of management in a major way? glaxo had a big issue for a number of years. the share price is the same price it was 25 years ago. this is a business that hasn't gone backwards, it stagnated. the new chief executive has come in and grabbed the bull by the horns. key headline appointments in research and development, but she is changing the management structure. watch this space. her name? emma... sorry. i'll tweet structure. watch this space. her name? emma... sorry. i'lltweett george, thank you for coming in.

emma walmsley. thank you. hi there. not as cold this morning as it was this time yesterday morning. that's purely because we've got a lot more cloud across the uk. so rather disappointing start to the day. later on, you can see this weather front which will move its way in towards western areas. the white lines getting closer together. it will turn breezy across western parts as well. but it is the mist, the fog, this morning which will be disappointing first thing. it will stay cloudy for many of us, towards the north—west of wales and north—west of england and north—west of scotland, there will be sunshine. later on, this is 3pm, you can see the rain moving its way in towards cornwall and west devon. the wind picking up here across the western areas. elsewhere across england and wales it remains cloudy this afternoon. still some hill fog around. some drizzle from time to time as well. largely dry weather towards northern england and

northern ireland, but the rain knocking on the door in the west of northern ireland. some brighter skies in the north—west of scotland. elsewhere, across scotland cloudy with that hill fog. tonight, this rain will move its way north and east ward, but as it does, it will break upa east ward, but as it does, it will break up a little bit. so, just a short spell of rain for many of us as the rain pushes north—east. a speu as the rain pushes north—east. a spell of hill snow over scotland. but with temperatures mostly above freezing a frost—free start to wednesday morning. during wednesday morning, it will be a wet start to the day across eastern areas. it might takea the day across eastern areas. it might take a while before the rain clears away from the far north—east of scotland. elsewhere, there will be drier and brighter weather developing for wednesday afternoon and the winds just easing slightly across and the winds just easing slightly a cross m ost and the winds just easing slightly across most parts. temperatures up to about four to nine celsius. on wednesday night into thursday, we have got this area of low pressure which is going to clip the far south—west. strong winds for a time here, but that moves away quickly and for most of us, it's this ridge of high pressure. those white lines far apart. so light winds with that

high pressure. the risk of fog first thing on thursday morning. but it will be a settled day on thursday. . lots of dry weather around. the fog will lift up into low cloud and the cloud could break up from time to time and a fairly similar story for friday morning. patches of fog around which will clear away. later on, there will be a weather front moving towards the west. rain pushing into northern ireland and the west of scotland. temperatures up the west of scotland. temperatures up to fourto the west of scotland. temperatures up to four to eight celsius. more details on the website. that's all from me though. bye—bye. hello, it's tuesday, it's nine o'clock, i'm victoria derbyshire, welcome to the programme. our top story today — journalist toby young has resigned from the universties watchdog, after widespread criticism of crude and offensive remarks he'd made in the past about women's breasts, people in poverty, and people with disabilities when you hear those kind of things

from people who know nothing about this, you entertain, and if i'm honest with you, horrible thoughts about the people making those comments. so toby young is a bad,? well, the things he has written have been bad. could toby young have continued in his role? letters know your own view. also on the programme — around 700 migrants are living rough in calais again trying to make their way over to the uk,