bundock and ben thompson. american industries and fix the country's immigration and shakes and trade laws. deals. —— handshakes. the uk prime minister begins her three—day visit to china. business is top of the agenda. on wednesday 31st january. mr trump said he was making theresa may america great again. since the election, we have created has arrived in china 2. including 200,000 at a crucial period newjobs in for the manufacturing alone... uk. between the two countries. also in the programme. just how "great" is the american economy? tremendous numbers. of the union address. for global financial markets. the government is failing to get a grip on this "brewing crisis".

have you quit teaching cos of today, we look ahead to the fed. is this the end of consumerism? the stress? let me know. but choosing to live new experiences instead. so how is business adapting to the change? and have a look and listen to this. hello. amy! with a bit of a difference. the incredible sound of a killer whale mimicking human speech. so we want to know, are you buying less stuff. actual conversations with killer whales could be possible. in restaurants and cinemas? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. we hope you enjoyed this experience! and investment after brexit. in uk—china relations".

and fair trade practices. in the last year alone. but the talks are about more than just trade. between the two countries is both fair and transparent. than doubling in 2017. business council joins us.

thank you forjoining us. may has already announced new education links with china. education links with china. and good but should we be aiming higher? higher? link which is useful but it's not going to help a lot of businesses? going to help a lot of businesses? build momentum towards a free trade agreement in the medium—term. agreement in the medium—term. the meantime, there are gains to be made. made. this visit will usefully build the momentum. the momentum. it is all about small steps, i suppose. it is all about small steps, isuppose. steps, isuppose. improve relations on a day—to—day basis. basis.

generally speaking, china is a long game for uk business. game for uk business. success, to achieve success in a big and challenging market in many ways. and challenging market in many ways. we want to see good things coming out of this. out of this. well and good for big firms but what about small business? about small business? it's actually quite a diverse delegation. quite a diverse delegation. audiences and to showcase everything we do. we do.

health care and consumer goods is really strong. really strong. chinese technology involvement in things like hinkley point. things like hinkley point. will she address those on this visit? address those on this visit? open to chinese investment in key sectors. sectors. tough talks with the chinese without jeopardising the investment? jeopardising the investment? part of a mature conversation between two long—standing partners. between two long—standing partners. expect it to dominate but she will be looking to get the point across. be looking to get the point across. we will watch and wait and see what is announced. thank you forjoining us. stories making the news. jobs, blaming a decline in the photocopying business.

sales and profits. it comes as fuji film looks set to take over xerox. in a row over pay and working hours. for the rest of the week. 9 million workers. 1; billion. chips and display panels. is forecast to remain strong.

where he outlined his achievements during his first year in office. one hour and 20 minutes, that is how long it was. i listened to the whole thing! on international trade — here's what he had to say. the era of economic surrender is totally over. totally over. trading relationships to be fair and very importantly, reciprocal. and negotiate new ones and they will be good ones but they will be fair. be good ones but they will be fair. through strong enforcement of our trade rules.

is in singapore for us. it interesting, talking about trade but not a lot of detail. but not a lot of detail. favourite words when it comes to talking about trade policies. talking about trade policies. was not as hard on china as many had expected him to be. expected him to be.

week, which we have talked about before. before. on what he is actually going to do with china. with china. war on the horizon because it was not mentioned in the state of union. not mentioned in the state of union. we should that warning.

that in a minute but let's look at the market. japan down by 0. 8% at the close. the close. after slides across the board on wall street the night before. wall street the night before. in the midst of the federal reserve meeting. meeting. the last one presided over by janet yellen as chair. by janet yellen as chair. we will talk about that in a moment. talk about that in a moment. bouncing back today against some guarantees. guarantees. let's look ahead to the day on wall street. yogita limaye has the details. it's a big day for corporate results here. performance as is facebook. earnings in the months ahead

for the two companies. are choosing to travel by air. the company's proposed tie—up with brazilian firm embraer. will also be releasing earnings. reserve as well which will conclude its monetary policy meeting today. growth rate in the last quarter of 2017. we were just chatting about janet yellen! manager at pimco. good morning.

meeting in charge but she's had a pretty good run, held a steady ship. pretty good run, held a steady ship. well and she should take some credit for that. for that. effectively zero and that, a couple of years ago, was a very big deal. of years ago, was a very big deal. the system and she has achieved that well. she's done a good job. tapered tantrums that we saw previously. previously.

rate rises, for example, it has taken in two years to get up to 1. taken in two years to get up to 1. 5% from 0. from 0. which has been the right thing as it has turned out, so good job. has turned out, so good job. lots of infrastructure spending and us business will like that. us business will like that. like the theme going forward is infrastructure spending. infrastructure spending. and that can be a very difficult combination, as we know. combination, as we know. —— is engaged the government. engaged the government. we will learn the lessons from carillion. still to come... tapping in to the $1 trillion experience industry. entertainment shows.

that is what these pictures relate to. you're with business live from bbc news. for the first time since 2009. of motor manufacturers and traders. it's just released the latest figures. chief executive mike hawes joins us now. so tell us a bit more about how things have gone. things have gone. local markets, so basically cars built in the uk for uk customers. built in the uk for

uk customers. diesel changes that the government is looking to make. is looking to make. year which has a knock—on effect on production as well. production as well. second—hand cars in the market would ultimately affects new—car sales. ultimately affects new—car sales. have held up which is good for the finance packages that are available. finance packages that are available.

changing nature of the new—car consumer. thank you forjoining us. 0k, mike, thanks. boss of the company, ellipsis entertainment. entertainment. trading, so there will be updates you the business live page. you the business live page. you can find out more on the website.

china as she begins her three—day tour of the country. tour of the country. is looking to boost trade and investment after brexit. investment after brexit. china must agree to free and fair trade practices. trade practices. claims of steel exports being dumped earlier. with the rise of the so—called "experience economy. clothes or gadgets. it's being fuelled by the changing tastes of millennials. than buying objects. are spending more on events and live experiences than ever before. and that's good for

business, and our next guest. theatre events using virtual reality and augmented reality. he's already managed to raise around $4. the first event in london in march. and joins me now. this event in march was your big idea. idea. can you just explain how it will work? will work? different experiences that makes ours unique.

who is the customer for this? this? millennial is we just mentioned there? there? they will be a big part of it, you know. it, you know. they are very keen to have new and experiences. have new and experiences. with the wider community to show they have had them. they have had them. this data is focused on millennials but many of us... but many of us... trying to do is create really memorable experiences for people. memorable experiences for people. it mightjust explain how this works. mightjust explain how this works. the green room —— so can you just explain how this works? explain how this works? bit of story —— you are in a massive warehouse. some of it is physical? is that right?

technologies, so other things people may not have experienced at all. may not have experienced at allm is £50 for a ticket? is £50 for a ticket? minutes, to two hours, the whole experience. experience. generation of people looking for a different experience. different experience. is costing more, european student loans, although what sort of thing. loans, although what sort of thing. does that worry you? that target young people, that they have less money? have less money? —— you are paying student loans. student loans. from research is they prioritise these experiences. these experiences.

to spend the money on experiences rather than that staff. rather than that staff. banking on the tourism market, irish? irish? it is a catchall in a city like london? like london? —— you are banking on the tourism market, i assume? the tourism market, i assume? the website gives you an idea of what the experience is like. what the experience is like. did you just throw that one in? just throw that one in? laughter it is myjob. it is myjob. of london love and deliver them some fantastic memories. andrew, thank you. you. good luck with it and let us know how it goes. know how it goes. andrew mcguiness, director of ellipsis entertainment. director of ellipsis entertainment. lots of you getting in touch with us about this.

about this. less money on stuff and moronic abuses. here is one. i need is a stack of photos from the awesome places i have been. awesome places i have been. spending less money on stuff and more on experiences. more on experiences. lots of you are getting in touch. getting in touch. here's another reason why. bbc‘s business live page. right around the globe. and we want to hear from you. com/business. on twitter, we're @bbcbusiness. and you can find us on facebook, at bbc money. when you need to know.

mike is back, as promised. don't want to break that rule so we are talking about it again. are talking about it again. is banning ads for bitcoin and other crypto currencies. crypto currencies. crypto currencies so i think they catch two with one decision. catch two with one decision. used for money—laundering and that kind of activity? yes, that's right. where they are going, and that is one thing they are aware of. one thing they are aware of.

between them get over half of global ads on their platform. ads on their platform. the prices, so probably a relatively cheap one for them. cheap one for them. it lets talk about this story in the telegraph. cards. this in terms of the diesel emissions issue. emissions issue. manufacturers with blood on their hands... hands...

unfortunately doesn't get any better. better. thought, it has drawn a line, but clearly not. the headlines keep coming. coming. for them is clearly helpful, amazing, actually. amazing, actually. buying more staff, are less stuff and bought experiences? and bought experiences? less stuff, more experiences. more experiences. sets in a big warehouse, with ipod, what do you think? i'm more into music. live concerts? -- with a pod. that's it from business live today. webpage and on world business report. we'll see you again tomorrow.

see you soon. goodbye. good morning. also bring quite a few wintry showers. let's look at the pressure chart. chart. higher ground of scotland, and northern ireland. northern ireland. possible in western areas as well today. today.

will feel quite cold, 3—7 degrees, feeling cold and wet in the wind. feeling cold and wet in the wind. bright in the sky and there should be plenty of stars out to see that. be plenty of stars out to see that. time to time, into wales and the midlands. midlands. perhaps and temperatures down to about 1—3 degrees. about 1—3 degrees. sunshine throughout thursday afternoon. it will feel chilly once again. again. maximum temperature is about 5—7 degrees. 5—7 degrees. looking even drier, more sunshine across the west. across the west.

strong wind fear it will feel quite cold of those north sea coasts. cold of those north sea coasts. the weekend, this weather front pushing its way in. pushing its way in. perhaps into the midlands, eastern england as well. england as well. dry weather towards the north and west on saturday. west on saturday. rain for wales and the south—east. sunday, drier and brighter. sunday, drierand brighter. wintering is at times over the weekend. more details on the website. that is it for now, though. bye— bye. 00:28:36,350 --> 858993221:01:34,966 hello, 858993221:01:34,966 --> 1717986441:34:33,582 it's 1717986441:34:33,582 --> 2576979662:07:32,199 wednesday, 2576979662:07:32,199 --> 3435972882:40:30,816 it's 3435972882:40:30,816 --> 4294966103:13:29,434 9am.