and maryam moshiri. but now he's considering rejoining the trans—pacific trade deal. live from london, that's our top story on friday 13th april. the door to renegotiation. also in the programme. a change of gear for volkswagen! it as it appoints a new ceo.

lot of corporate results coming up but not much movement at the moment. as mark zuckerberg faced a grilling from us politicians. we'll get a round—up of the week with our business editor simonjack. is time for you to change your drinking habits? on alcohol for health reasons? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. backed out of last year.

substantially better than the one offered to barack obama. sides of the pacific. for some 40% of world trade. favoured big business and other countries. as a conflict escalates with china. power in the region. thank you jamie. andrew walkerjoins me now to discuss this.

by president trump if it does end up with the us rejoining the tbp. with the us rejoining the tbp. it's very striking. very striking. trade negotiations completed by the previous administrations. previous administrations. pressure from some american groups who feel it is a missed opportunity. who feel it is a missed opportunity. worthwhile new opportunities to export around the region. export around the region. is the other country making the big tariff reductions. tariff reductions.

has been getting a lot of that in his air behind—the—scenes. has been getting a lot of that in his air behind-the-scenes. his air behind-the-scenes. better deal than the one offered to president 0bama, how likely is that. president 0bama, how likely is that. and they have already made compromises to get a deal. compromises to get a deal. whether it would be enough to satisfy president trump. satisfy president trump.

changing the strategy to fit back into the tpp. into the tpp. states but i think there is this international dimension as well. international dimension as well. will include some of the countries in tpp. thank you andrew. stories making the news. amid a bruising boardroom row. goldman sachs, will take up the post on ist august. he isn't the david schwimmerfrom the tv programme friends!

of water at the head of the airline's advertising agency. she has form on this. the manner in which she was served nuts on the airline. as its new chief executive. of the volkswagen brand. at the height of the diesel emissions scandal. we'll have more on this later in the programme. to return to the tricky subject of trade. china's trade surplus with the united states soared i9. in the first quarter to $58. period a year earlier. first, leisha sa ntorelli is in singapore. we can go live to

her now. leisha, what is the story here? what is the story here? is not likely to help the tensions between the us and china. these are just the quarterly numbers. numbers. tariffs on steel, aluminium and other products. other products. reliance on exporting to

countries like america. like america. factors including the recent lunar new year holiday. new year holiday. leisha, thank you very much. share index going up, the dowjones going down. going down. which crisis do want to concentrate on? concentrate on? will happen next week, corporate results. results. people excited although others with it is overdone. it is overdone. middle east and worries about sanctions against russia or china. sanctions against russia or china.

which one shall we pick? take your choice. choice. have more details on that in just a second. second. let's go on to what is happening in the us. on wall street today. largest banks. register their biggest quarterly profit growth in seven years. in part due to higher interest rates and additional trading revenue.

of widespread consumer abuses. a very fragile market. at seven investment management. thank you forjoining us. through what jamie mentioned earlier. earlier. sanctions mania and trade many around the world. around the world. taking this on at the end of a very busy week? busy week? last year we didn't have much volatility in the markets at all. volatility in the markets at all.

year is this optic in risk and volatility. volatility. investors taking much more notice of what is going on. more notice of what is going on. everything is in the hands of trump to a certain extent. to a certain extent. including trade, markets are teetering on the edge. teetering on the edge. china and the fact that he might jump back into tpp. jump back into tpp. unreliable we don't know which way he willjump this week or next week. he willjump this week or next week.

backtrack from that, that is what he does. does. the president does that and other countries have to deal with that. countries have to deal with that. here, what you put your money in, what is your advice? what is your advice? it is tough at the moment. the moment. investing you need to invest for the long—term. long—term. and ten years so there's never a bad time to start investing, in a way. time to start investing, in a way. any specific areas which are safer in medium term? in medium term?

invest even the market valuations are reasonably high at the moment. are reasonably high at the moment.