this is business live from bbc news with maryam moshiri and sally bundock. it went down to the wire but the us, canada and mexico agree a new trilateral trade deal. live from london, that's our top story on monday 1st october. it'll replace nafta, dubbed the "worst trade deal in us history" by president trump. details are sketchy, butjustin trudeau says it's a good day for canada. also in the programme — musk undaunted. the tesla boss says the electric car—maker is "very close" to profitability. it comes as the billionaire is fined and stripped of his role as chairman over his go—private tweet. the markets are open and looking

pretty mixed in europe. and the market for so—called "wellness holidays" is in good health, growing by around 9% a year. we'll get the inside track on the latest innovations for those looking for a body overhaul in an exotic location. we will hear from a company who's been doing it for over 30 years. today we want to know, to tip or not to tip? the uk government has announced plans to ensure waiters and waitresses get all the tips given to them. we want to know what the tipping culture is where you are? do you always tip? and if not, why not? tell us what you think — just use the hashtag bbcbizlive. hello and welcome to business live. we start with a breakthrough between the us and canada in the renegotiation of the three—way nafta trade agreement with mexico. it went to the wire, but they've agreed a new version of north american free trade agreement, which accounts for $1.2 trillion of trade annually.

it will have the catchy name of the united states—mexico—canada agreement, or usmca. news of the reformed trilateral deal sent the canadian dollar soaring to a five—month high in asian trading. the mexican peso has also been climbing. canada is the us' second biggest trading partner, exchanging over $580 billion in two—way trade in goods and services last year. one big sticking point has been dairy. under the new deal, us farmers will gain access to about 3.5% of canada's dairy market. here's what the canadian prime ministerjustin trudeau told reporters as he left his office. mr prime minister, is it a good deal for canada? it's a good day to canada. with us now is christophe bondy, trade lawyer at at the law firm cooley and former trade adviser to canadian government. he wasjust explaining

he was just explaining to me there that you were involved in the ceta negotiations between canada and the eu so you have looked at the detail we have had so far and it is not all there by any means. we are expecting state m e nts there by any means. we are expecting statements later from canada and the us. what do you make of what we know so us. what do you make of what we know so far? to me it sounds really positive, in the first place that the deal has been concluded but beyond that, at least from a canadian perspective, chrystia freeland and the lead negotiator are to be congratulated with the details coming out. we were holding the line on having anti—dumping and duty, joint determinations and that is in place. the cultural exception is in place. the cultural exception is in place. access and indeed enhanced access in autos and also not having access in autos and also not having a guillotine clause in the agreement five years down the line and maintaining a state to state dispute resolution so those other things. the impression is canada is coming

out of this rather well which is interesting given the fact president trump was saying mexico and the us will go it alone if canada does not climb on board. the us and the president did not have congressional authority to negotiate a bilateral us and mexico deal and also, it appears wanted to have its deliverable. he said he wanted to renovate and after. they had a basis in that they have been discussing for yea rs in that they have been discussing for years the transpacific partnership, which the us walked away from but it will be very interesting to see how many elements of this update are drawn from the prior discussion, which canada and mexico are already part. just to say, all three countries are now on board, the trilateral deal can go ahead. 0bviously, congressional approval and various other hurdles left but most would agree this is possibly howard is going go forward. are all three countries in a better position? certainly from the perspective of integrated north

american trade, yes, and that is what canada was looking for all along. we were not looking for winners and losers. the thing is, when the pie is getting bigger, eve ryo ne when the pie is getting bigger, everyone stands to benefit. imported to imagine that tariffs on steel and aluminium are not a part of this. that may be a sticking point and you are right to mention it because that was something the us imposed in the past year and canada has taken the position that the tariffs are illegal, based on national security and we are the us' biggest and closes security partner. that discussion will continue. canada's countervailing duties are in place. but i think one can't expect to resolve everything in one place in the trade agreement. getting this through has been a huge achievement. thank you forjoining us. and sharing what you know. when we get the official statements later from the official statements later from the us and canada, etc, we will update you. let's take a look at some of the other stories making the news. rio tinto and its japanese joint venture partners are to spend around $1.6 billion on two iron ore projects in western australia. the investment will help sustain

production capacity at the projects in the mineral—rich pilbara region. it comes as the british—australian mining firm sells off its coal assets, to focus on core commodities, including iron ore. the usjustice department has sued the state of california after the state's governor, jerry brown, signed legislation to restore internet protections known as net neutrality. thejustice department said it would take california to court on the grounds that the federal government has the exclusive power to regulate net neutrality. net neutrality advocates worry that without the rules, internet providers could create fast lanes and slow lanes which favour their own sites. tesla's elon musk has told employees that the company is on the cusp of profitability. the electric car—maker is expected to release third—quarter production this week, and investors are watching to see if it hit targets for the model 3. mr musk agreed over the weekend to relinquish the role as chairman for at least three years and pay a fine of $20 million

to settle fraud charges. more on elon musk later in the show. news out of china today suggests the economy is beginning to see signs of the trade war affecting factory activity. it seems that the government is making efforts to shore up imports. karishma vaswani is in singapore with more. what are the efforts by the government? you know, this is all taking place against the backdrop of the us and china trade war which we have talked about a great deal on the channel. two leading indicators of chinese factory data, factory activity, i should say, how much factories produce in the country, mainly for export, which has been a big pillar of chinese economic activity over the last four decades, those figures show that factory activity actually slowed slightly in the month of september. this is

leading analysts to say that this is a result of the us and china trade war pressures and this could be raising the pressure on policymakers in beijing to try to counter the impact of the american tariffs on chinese goods. perhaps that is why we saw the announcement from the ministry of finance on sunday in china which said it would cut import ta riffs china which said it would cut import tariffs on a range of products, ranging from textiles to chemicals and paper products from next month in november the 1st. the ministry of finance says this should help to boost consumption amongst the chinese population, and presumably the hope is that will stimulate spending but it is not clear whether the tariffs will include us products at the moment. thank you forjoining us. let's ta ke let's take a quick look at the markets and many share markets have been gaining this monday after the us and canada forged the deal to salvage the nafta agreement. the nikkei index take has been boosted but not so much by that, rather than

by the weaker yen, at a 27 year high, the nick cave. in europe, a pretty subdued picture for the markets, ryanair pretty subdued picture for the markets, rya nair is pretty subdued picture for the markets, ryanair is the big story this morning, which has seen its forecast profits being cut, it has been weighed down by industrial action and that has hit profits, ryanair‘s share price down about 8% on the stock price, and airline stocks in particular under pressure across the board, higher old prices not really helping either. let's go to wall street and hear what is coming up later. this week, investors on wall street will be treated to a raft of us economic data, which will give them a sense ofjust how quickly the economy here is growing. on tuesday, we're expecting us car manufacturers to release their sales report for the month of september. we're expecting a decline compared to a year ago but the sales are nonetheless expected to be quite healthy. on friday, we will get two key bits of economic data. the first is the monthlyjobs report which is expected to show that the us economy continued to add

jobs during the month of september. but the key thing for investors will be just how much americans are taking home in their paycheque. we saw that in the august jobs report, wages grew at an annual rate of 2.9%, their fastest rate in nearly a decade. on friday, we will also get the latest trade data here and we're expecting it to show that the us trade deficit widened in august. this could provide further fuel to president donald trump as he pursues his trade war with china. joining us is james hughes, chief market analyst from axitrader. good to see you. just listening to that, it's quite a busy week ahead, certainly in the us and we kick off with this brand—new trade deal between canada, mexico and the us. what is your thinking about the we get? the key thing was over the start of the week and when markets closed on monday, we did not have the trade deal and now... we were looking towards this week, wondering

if it would be a week where we got toa if it would be a week where we got to a deadline or not, and then we've got the big discussion whether donald trump would remove canada from this totally so it completely changes the way we look at the week. we don't have too much detail but in terms of the market and how the canadian dollar has been moving, we don't care about the detail, it is the fact it has happened which has really moved things. with that and the trade data coming at the end of the trade data coming at the end of the week, which will be slightly more important than the payroll data, that will be imported because of the trade deal. let's talk about ryanair, its share price down 8% the last time i checked on the markets, it has given a profits warning forecast. what is happening with them? where forecast. what is happening with them ? where is forecast. what is happening with them? where is the problem? there's a lot of problems in ryanair and that always has been, the big pr wheel that is rya nair sometimes that always has been, the big pr wheel that is ryanair sometimes is positive for the company and sometimes not, there's been lots of industrial action which has really hit the numbers. previously, the oil price is causing an issue and we also had a situation where flight

out of the uk over the summer had been particularly low because of the strong whether we had in the uk. 0ther strong whether we had in the uk. other airlines and other holiday companies produced particularly poor results on the back of the summer. you add these things together and they are in trouble. the main issue is the industrial action, though, which is kind of a new phenomenon for ryanair which is kind of a new phenomenon for rya nair because which is kind of a new phenomenon for ryanair because it has had to recognise the union ‘s. it's been quite a turbulentjourney! recognise the union ‘s. it's been quite a turbulent journey! of course, and this has always been the case, we know there has been crosscutting areas going on within ryanairand a lot crosscutting areas going on within ryanair and a lot of change within the company. and they are bringing in charges for hand luggage as well? charges for everything, charges for the steps to get on... no, that's not true! fake news. but the company has been under pressure and industrial action never helps anyone. james will come back and we will get his take on elon musk. looking forward to that. still to come... fancy a dna test or 3d visualisation of your organs on your holiday? we'll get the inside track on the booming market

for wellness tourism. i'm not sure what my organs would tell you! you're with business live from bbc news. let's look at the uk economy now. manufacturers have "sharply applied the brakes" to investment plans amid growing political uncertainty. just one—third of companies said they planned to increase their investment in plant and machinery — a record low in the fifth annual survey carried out by the manufacturers' body the eef and santander bank. lee hopley is the chief economist of the eef and she joins us from our central london studio. i've got to say, not surprised to hear this at all. know, especially on the back of some pretty disappointing data that we got from the ons disappointing data that we got from the 0ns last week that showed manufacturing investment has already taken a hit in the first half of the

year, and that is a trend we will have to become used to. certainly, companies are not planning to do much more in the way of increased investment and political and audible, is that the heart of the decisions. what do you want to see from the government, in government, in particular in the upcoming budget? what needs to happen to get things moving again?|j budget? what needs to happen to get things moving again? i think there's a couple of factors. the first is clearly about brexit because over half of the members say they are only doing what is necessary or holding off completely now until they have some clarity over the brexit deal so that seems to be the big factor in all of this. the budget can start to counteract some of that uncertainty. i think it is looking at some form of ground support or accelerated depreciation for companies to encourage those decisions on plant and machinery and new buildings over the line. and the issue with manufacturers as well as problems with wanting to invest is the just total uncertainty of what is going to happen in a neck six

months. absolutely. this is an uncertainty that is not facing some of our competitors. we've already got the productivity gap and we already know that organisations like oecd already know that organisations like 0ecd are forecasting weaker investment grows in the uk compared to other g7 economies. this is something we should be much more fore nsically something we should be much more forensically focused on at the moment in the uk. thank you for joining us. something else interesting, california is the first to require public companies to put women on their board of directors, so there will be specific rules coming into rule next year. firms will face financial penalties for noncompliance. really interesting. it is the whole debate about quotas versus voluntary action on the part of companies. we shall keep an eye on how that progresses. you're watching business live. it'll replace nafta,

dubbed the "worst trade deal in us history" by president trump. details are sketchy, butjustin trudeau says it's a good day for canada. so will we no longer be saying nafta ? so will we no longer be saying nafta? it so will we no longer be saying nafta ? it rhymes so will we no longer be saying nafta? it rhymes with laughter. it is one of the easier ones to remember. looking at the markets now... now let's get the inside track on a healthier style of holiday. so—called wellness tourism was worth $678.5 billion in 2017, and this activity packed kind of holiday is growing by an impressive 9% each year, so it's key to the countries where resorts are located. wellness tourism generates 11.7 million directjobs by the latest count. our next guest is the son

of the founder of bodyholiday, a company that's been at the luxury end of the business for more than 30 years at its resort in saint lucia. it looks stunning. it is now hoping the programmer with dna testing... 3d visualisation of your organs, cardio and arterial fitness, and nutrient and hormonal status. ican i can say it! joining us is andrew barnard, executive director of the bodyholiday. welcome to the programme. it isa welcome to the programme. it is a bit ofa welcome to the programme. it is a bit of a mouthful, i am sorry, but i am sure for those going through the programme, it is a revelation? very often. it can be life changing. at the bottom line, that is what we are about. i work purposes to change

peoples lives one person at the time. it is a commitment to incremental life change, and that is what a wellness holiday for us is about, improving the way you eat, making yourself feel more grounded, the ability to handle stress in your daily life. lots of our guests are executives stressed out, suffer from burn—out, and they need a place they can get away and reset themselves. talk us through how the business started 30 yea rs talk us through how the business started 30 years ago. i believe it was your father who started it. it was my father and some friends, identified a growing trend in the market jane fonda was wearing leota rds market jane fonda was wearing leotards on tv and getting people up and fit and the whole aerobics revolution was happening. the baby boomers, the post—war generation, it was the first generation that had disposable income and time to be

able to dedicate to a more healthy style of living. people understood for the first time scientifically that a healthy lifestyle meant a more fulfilling slowing of the ageing process, longevity, so from there it was born, the bodyholiday, and we came up with that in the 19805, and we came up with that in the 1980s, and is more current today than now. you grew up in the hotel and you have worked on it since being a small child. was it a given you would end up running it? i would not say it was a given. i was the artistic type and i viewed the hotel as quite scientific. but as time went on in my life, i understood that there is a huge, particularly in this experience, a serial side that is about creating experiences and we are experienced rhythm. a variety of experiences you

can have at the hotel is enormous. you look at the hotel now and it looks amazing and it looks like it costs quite a bit of money. what is the budget, who would be able to afford this holiday? also, holidays one would associate it with eating a lot and relaxing. do people want to come and get fitter rather than just chill? it isa chill? it is a broad appeal. during the summer it is a broad appeal. during the summer months, the price of holidays to the west indies are a lot cheaper, so it is open to much younger people. during the winter months, it is certainly more expensive, the high season, but we get all sorts. it is not defined by age but motivation to stop if you are age but motivation to stop if you a re interested age but motivation to stop if you are interested in bodyholiday, you are interested in bodyholiday, you a re interested are interested in bodyholiday, you are interested in bodyholiday, you are interested in health and well—being at the base. how are you impacted by global

recession, post—2008 crisis, did you see a drop off? we saw a big rise. they were coming more than ever, they were stressed! we invested heavily in 2010 and saw a huge lift in our business. i think as people got more stressed out, the need for those breaks and the resetting and grounding really only increased. we all need one of those. thank you for coming in. in a moment we'll take a look through the business pages but in a moment we'll take a look through the business pages but but the uk's finance minister philip hammond has been talking at the conservative party's annual conference. he says that the european union is in the mood to do a deal on brexit. the mood is undoubtedly that people want to do a deal with the uk, people want to minimise the disruption of the uk's departure from the european union, they want to continue to have a good relationship with us and smooth

trading partnership in the future, and that is the message we hear pretty much universally from across the 27 member states. so so that is philip hammond talking to the bbc earlier today. james hughes is joining us again to discuss. let's talk about the conservative party conference, philip hammond talking tough, as it were. will you be watching this closely? this is big news for the pound sterling, tradition best men's it will be big, because of the brexit angle, and that is what it is. there is also the political angle, to really how long theresa may has left in her post. we getting that point at the moment, from a market point of view, the brexit headlines are dominating where the pound goes and the political angle to it is also one of those things that is interesting. moving on, because we have asked

people to contact us this story, the uk prime minister warns new laws that mean waiters and waitresses will be given all of the tips that they are given when they are working by customers. we asked people to tweet us about whether or not they have a culture of tipping. we have had lots. we will start with the people who are pro—tipping. i don't know if you can be anti—tipping. you believe good service should deserve a tip and it should be for the waiter and it should be not taken to share. also said is that this man a lwa ys share. also said is that this man always tips between ten and 20%. do you tip? i do. the worry with this story is that when you saw ten, 12% added onto a bill, you always wondered, who gets that? this clears that up, which is hopefully, this will go through and it will be the case. i

ama through and it will be the case. i am a temper. the other issue is who gets it, is it it the people washing up, the chefs, just waitresses?” it it the people washing up, the chefs, just waitresses? i mean, i worked as a waitress. did you? tips we re very worked as a waitress. did you? tips were very important. they were very important. thank you for your trees. duane to mention some are? i asked about culture. if you do that in norway, it is between 5—10%, and in many asian countries, tips are not usual to give to servers and not everywhere has the culture. and many countries in asia, they do not at all. now elon musk, we mentioned in the irish times, to remain as the chairman in the settlement. has he come out on top? despite the fact he has to play £20 million himself, the key thing here,

the big thing of the whole issue was whether elon musk was removed from tesla and the fact he is surveying as ceo, he is the reason why it is on the edge of frock profitability. you think it is not he is an unpredictable genius, somewhat say. it is interesting to see how the tesla shares trade on later. it is broken over the weekend over the sec. what was worrying was the long winded issue, but it is not going to happen. thank you very much indeed, james. that's it from business live today. there will be more business news throughout the day on the bbc live we'll see you again tomorrow. hello, it is the start of a new

month and we started off this morning on a chilly note, and bridges into single figures, rand as we go through today, it will feel chilly, temperatures below the average. it is dry and there will be sunshine. this morning, clear spells, you see the bright city lights on the satellite. the card will work into scotland and northern ireland, so the cloud moving in, eventually rain pushing into the far north—west. elsewhere, the england and wales, a dry day and sunny day. there will be fairweather cloud into the soft but the temperatures below the soft but the temperatures below the average, 13—15, and at night, 11 degrees further and west. tonight, the area of cloud will be with you in scotland, some showers edging

south and east words, some cloud overnight tonight, misty and make conditions in south—western areas, temperatures in single figures but not quite as cold as northern ireland. a murky start, drizzle particularly in western england, eventually brighter skies, eastern sides of england, and the temperatures higher than today, there could be above the average for there could be above the average for the time of the year at about 18 to 21 degrees. that is because we have the high pressure that is starting to move them from the south—west, pushing the weather fronts further eastwards, so with that it will bring in the milder conditions, you notice in the north—east, still a bit on the chilly side across the north—east of scotland. there will be brighter skies here, during wednesday, elsewhere, misty and becky start, but there will be some brightening up happening in the afternoon, some showers in the west

of scotland, maximum temperatures on wednesday around the mid to high teens. thursday, more rain moving into northern and western scotland, eventually into the north—west of northern ireland. elsewhere, it will be dry, some bright skies, some sunshine, but rather cloudy on thursday. temperatures getting upset about 17—19, a bit chilly further north and west. that is all from me. goodbye. hello it's monday, it's 9 o'clock, i'm joanna gosling, welcome to the programme. natasha was just 15 years old when she died, after an allergic reaction to a sandwich that contained sesame. the coroner said the labelling was inadequate. her parents have said that food labelling laws played russian roulette with their daughter's life. we'll be speaking to them live

in a few minutes' time. the indonesian government has called for international help to get food and aid to people on the island of sulawesi, in the aftermath of a devastating earthquake and tsunami. translation: what we need is more medical help. we can't do operations because we have no power. we don't have a generator so we are very limited in have a generator so we are very limited in what we can do. we be hearing from aid agencies trying to get to the worst affected areas. and can the conservatives use their party conference to unify around a plan for brexit?