temperatures, well, they will be down a little bit. 7—8 celsius. but still not as cold as recent days. this is business live from bbc news with victoria fritz and maryam moshiri. that black friday feeling. retailers are bracing themselves for a multi—billion dollar shopping onslaught. the 23rd of november. yes. black friday is here once again, heralding a weekend—long shopping frenzy. but are consumers really getting a good deal? nissan sacks its chairman after almost two decades in the driving seat. but what's up the road for the car giant — its partners — and its former boss? and we'll get the inside track on all the turmoil at nissan this is what is going on in the

market, the ftse 100 pretty much flat. and we'll get the inside track on all the turmoil at nissan with our business editor simonjack, who's met it's ousted leader carlos ghosn. today we want to know — do you plan to indulge in some black friday or cyber monday retail therapy this weekend or are many of these holiday deals just a bit of a disappointment? let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. we start with the retail business because it's the day after thanksgiving, and that means it's black friday. us stores are braced for their busiest period of the year — and expect record sales thanks to a strong economy. but the phenomenon is now truly global — with black friday promotions across europe and as far afield as brazil. let's show you some

of the numbers involved. us retailers are expected to take almost $6 billion today. and cyber monday — when many stores offer further discounts online — is even bigger. sales are expected to be up almost a fifth on monday to a record $7.8 billion. that is up to a new record. the us national retail federation is estimating that half the entire us population — 164 million people — will shop over the five—day weekend. here in the uk £2.11 billion — over 3 billion dollars — will be spent in stores but the weak state of the uk economy means that will probably be down on last year. there are also warnings that some black friday deals might not be what they seem. research by price comparison site idealo in the uk found nine out of ten black friday products were cheaper at other times of the year.

as a shopping event — all this is now dwarfed by singles‘ day — the sales day run by china's e—commerce giant alibaba on the 11th of november. this year consumers spent $30.8 billion in one day, up 27% on the year before. with us now is natalie berg, retail consultant, nbk retail. it isa it is a huge day, whichever way you look at it. and it is important for retailers, isn't it? why is it so important? it's not just retailers, isn't it? why is it so important? it's notjust about making money, it's about getting you to spend and getting that kind of mindset in the run—up to christmas? absolutely, it is about kick—starting christmas spending. you could argue that actually retailers already have a captive audience. people are going to be lovely for christmas presents anyway. the challenge is getting

them to pay full price after black friday. it is about acquiring customers, getting them in the mindset to spend, but of course, it comes with risks, it erodes margins, it erodes trust with consumers. what we often find is that it simply brings spending forward. we often find is that it simply brings spending forwardlj we often find is that it simply brings spending forward. i find, looking at sales, there are always sales all the time. it does not seem to bea sales all the time. it does not seem to be a big difference between any other time of year. 0r to be a big difference between any other time of year. or is that a mistake i am making? you are right, as consumers we are suffering from promotion fatigue. we are constantly bombarded with messages about discounts and sales. i think the appeal of black friday has become a bit diluted this year, in part because it is no longerjust a 24—hour discount frenzy. in fact, it has been spread out over a couple of weeks. it is probably better to call it black november! i found a black friday deal, but i found it on monday, the beginning of the week. i was checking all through the weekend to see the price of this item and make sure it had been discounted.

how do we know that retailers don't but the prices up just before black friday and then bring them down ain? friday and then bring them down again? there is absolutely an element of that, retailers artificially inflating the price to reduce them on the day. as consumers we have to be very smart about black friday. there is a lot of noise. as consumers, we have to cut through the noise and do our homework, use price trackers, check retailers‘ websites and use the app to see if prices go up and down, and then you know if you‘re getting a genuine bargain. globally, looking at the united states, the us consumer is really loving life. the spending there is phenomenal? absolutely, black friday has always been a huge shopping day in the us. you have thanksgiving, a lot of people are still off work on friday and they go out and spend. consumers were already camping out outside bestbuy.

the discounts are deeper and black friday has gone global, across western europe, south africa, australia, it has become very big. it has become a global phenomenon. victoria, have you had a brown friday? i have, but let's not discuss it here. apparently in america it is a major, major day for plumbers in the us. i will let you guess yourselves why it is such a big day for the plumbing industry. shall we talk about some other stories making the headlines across the world? toyota and the psa group, which owns peugeot and citroen, have decided to end joint production of small cars by 2021 — that‘s according to french newspaper les echos. the paper says toyota will acquire psa‘s stake in the joint venture created by the two car—makers. the two groups will also expand cooperation in the production of light commercial vehicles in france and spain. an israeli settler has filed a lawsuit against airbnb, accusing the firm of "discrimination" after it announced plans to remove home rental listings in israeli

settlements in the occupied west bank. the us firm said it had made the decision because settlements were at the "core of the dispute between israelis and palestinians". the move came after criticism from both palestinians and human rights groups. chinese e—commerce sites have now removed products by italian luxury brand dolce & gabbana amid a growing consumer backlash. a d&g advertising campaign — showing a chinese woman struggling to eat spaghetti and pizza with chopsticks — was widely criticized online as racist and insulting. the company was forced to cancel a fashion show in shanghai on wednesday after celebrities boycotted it in protest. after a decade long dispute samsung electrionics has apologised to workers who developed cancer after working at its factories. the firm‘s co—president kim ki—nam said samsung "failed to properly manage health risks". according to campaign groups, more than 300 people suffered illnesses,

many of which were fatal. the apology comes after a compensation dealfor around $130,000 per person was agreed earlier in the month. monica miller has the story in singapore — some closure for these families? it really is an extraordinary story when you think about it. it all started from a grieving father. a father of a 23—year—old samsung jet worker who died of leukaemia in 2007. he took on one of south korea‘s biggest companies. he represented people that not only died, but suffered from miscarriages, tumour as s and other diseases that afflicted the workers.

we got a public apology in asia from the chief executive of samsung electronics. these payments are expected to go out by 2028. they are going to be around $130,000 per worker. it is hard to say exactly how many people have been impacted. advocates say anywhere from 200 workers suffering some sort of illness, and possibly 70 of them have died. really sad. thank you very much. asian stocks were mostly weaker on low volumes, rounding out a third week of losses on a note of caution. chinese equities led regional declines, with the technology sector weak on concern the us is ratcheting up a campaign against huawei technologies. volumes were lower than average as the week ends with japan and india shut for holidays. and wall street has been shut for

clustering. shares in uk regional airline flybe jumped 23% in early trade on friday following reports virgin atlantic was in talks about a takeover bid. the pound kept its gains following a breakthrough over the brexit deal between the uk and eu. now it depends on whether opponents of prime minister theresa may can be convinced back here in the uk. markets are expecting the pound to remain volatile. michelle fleury has more on the shopping in america. americans traditionally celebrate first‘s thanksgiving day holiday by first eating turkey and then going shopping. black friday is the retail industry‘s equivalent of the super bowl. sometimes referred to as the biggest shopping day of the year here in the united states. now, with the economy humming along nicely, us shoppers are expected to spend up to 4.8% more than they did last year. but, despite high hopes for the holiday season,

investors are concerned companies like walmart and target face greater pressure on profit margins as they try to win more e—commerce dollars. now, as for the us markets, they will be open for half day this friday. that‘s until 1pm eastern time. the volume of trading is expected to be light. but there may be some volatility at the end of what‘s been a tough week for stocks. joining us is sue noffke, uk equities fund manager at schroders. has been a tough week for stocks, a quiet week, but oil prices are very much back in focus. they have got down to a one—year low? much back in focus. they have got down to a one-year low? they have. the market 30% down from the hides in october. the issues are both on the supply side and the demand side. 0n the demand side, it is worries about global growth not being as

strong into next year as it has been in 2018. on the supply side, we are seeing a bill in inventory is, we are seeing 0pec not having cut, and the iranians sanctions haven‘t written yet. there is an oversupply, and is waiting on it. you are in charge of a lot of money and you put it into uk equities. we have a big summit coming up, the brexit summit. how do you translate the news flow that comes out of big political events like that into investment decisions for people? particularly ata uk decisions for people? particularly at a uk equity fund manager, it is important to look at the stock market and to recognise that it is not very representative of the uk economy. if we take the largest 100 companies, they only derive about one quarter, 25% of their sales, from the uk economy. the rest is derived from overseas. these are big

multinational organisations, with operations around the globe. it matters as much what is going on elsewhere in the world. but what is key is the value of sterling, because clearly if sterling is weak then profits are translated back into sterling, they rise, and the value of the businesses rise. so there is this natural hedge with sterling within the uk stock market. 0k, we will have you back shortly to talk all things black friday and shopping. exciting! still to come, we‘ll get the inside track on the turmoil at nissan following the ousting of carlos ghosn with our business editor simonjack. you‘re with business live from bbc news. the independent family brewing and pub chain fuller smith and turner have their latest results out, and they show a mixed picture — with rising sales offset

by increased investment spending. fuller‘s has around 400 pubs around london and the south east. so how did that great summer we had contribute to sales? you can probably guess. joining us is the chief executive, simon emeny. a heatwave, a world cup where england did brilliantly, it must have had a positive impact? yes, it feels a long time ago now. undoubtedly it has been a very strong six months, helped by an excellent summer in this country. the short term euphoria around england‘s world cup performance. from a sales perspective we have a very strong six months. the great news for us is that it has continued into the first seven weeks of the second half of the year. i think one can deduce from that that our strong

performance isn‘t just weather—related. performance isn‘t just weather-related. but you've still got rising wage costs, higher business rates as well, increased food and bring costs for inflation. you have intense competition as well for business. you are having to invest in a business with higher costs as well, at a pretty uncertain time, where people are not necessarily interested in drowning their sorrows. maybe they are likely to save their pennies instead? nobody knows what is going to happen after the 29th of march? there is quite a lot in that statement. there is no doubt that there is extra pressure on companies like us to provide some solitude away from the pains of brexit and the pains of the political discussions going on at the moment. there is no doubt that if you get the pub is right, you motivate your staff, great environment and great food, they can provide a wonderful experience to customers. i think it is really encouraging for us, during these tough economic times, that we are seeing added cost pressures. actually, the number of customers

coming into our pubs is growing at the moment. that is a really good indication for us in the run—up to christmas. a quick one, ten seconds to answer, how many eu workers do you have? about 3096 of my colleagues are eu workers. interesting! thank you. let‘s take you to the website. carrot mania is reaching boiling point. aldi are selling kevin na carrot and he is sold out everywhere. where to get your hands on one? i don‘t know! your‘re watching business live — our top story — black friday and carrots that you can‘t find apparently. retailers are bracing themselves for a multibillion—dollar shopping onslaught. get your carrots while you can. european markets have openedin while you can. european markets have opened in positive territory. the

london market is up 30%. a busy week in some sectors. the us market is closed because it was thanksgiving in the us. let‘s talk about what has been going on in business. two stories dominating the headlines, the unfolding crisis in nissan and brexit in the uk. simonjack has been across these stories, as he a lwa ys been across these stories, as he always is, always a pleasure to have you here on friday because it means the weekend is coming. i‘m kidding! let‘s talk about carlos ghosn. this has been a business story this week? it has had it all, the humbling and downfall of a colossus of the car industry. it is hard to overstate his structure, through a very carefully planned and clinically executed to —— coup d‘etat. you have international pressure, a clash

between france and japan, and the future of the car industry at stake. he was the chairman of nissan, the chairman and chief executive of renault, and the chairman of mitsubishi, also chairman and chief executive of an alliance of all three of them, which made 10 million ca rs last three of them, which made 10 million cars last year. underlining the personal story, he is still in incarceration. a massive power play for the future of that alliance. renault have 43% of nissan and what carlos ghosn wanted to bring was those two even closer together. nissan had trouble is 20 years ago and is now saying it is way too much influence from renault. and carlos ghosn personally. they wanted to ta ke ghosn personally. they wanted to take back a little bit more control tojapan, we are take back a little bit more control to japan, we are selling more cars than renault, why are we the submissive partner in this? we are going to hit the reset button. they had to get rid of him and now we‘re hearing a new line this morning

where they want to reopen negotiations about who owns what and how much voting power renault have over nissan. a massive story. that you love, clearly. it is likejulius caesar? it has elements of a tragic or historical drama about it. but it goes to the heart of my next question. for us, journalistic sharks, there is so much blood in the water, it is great. it is like all of our christmases and black fridays in one. if you look at what happened, this guy was taken from his private jet, into happened, this guy was taken from his privatejet, into a tiny happened, this guy was taken from his private jet, into a tiny cell. he has yet to be charged. and yet he has been ousted as chairman, he has not had many visitors whatsoever. and he has gone from hero to zero in the space of less than a week. if this was happening to somebody perhaps in a slightly less fortunate position, in his previous life, perhaps the story would be playing out slightly differently? in terms

of whether he was going to be treated fairly, that is true. the japanese legal system has a fearsome reputation for basic needs winning 99% of their cases. they only take on ones they think they can win. there have also been some rule changes, which has allowed whistle—blowers to work with impunity, basically, will get immunity. the allegations are to remind everyone that he understated his income, somewhere between 45 and $70 million over a period of years. the company also bought houses for him all over the world for his personal use, which was not declared ina personal use, which was not declared in a statement. and his sister allegedly was on the payroll to the tune of $100,000. for doing nothing, apparently? there was no easy to recognise work ethic. these are serious allegations. nissan have voted unanimously to get rid of him. that is important, because there are two renault executives on the board.

that tells you that if they were prepared to vote, you might have expected them to stick up for him, it has applications for how the renault board is going to treat that. they are considering their position, as are mitsubishi. briefly, brexit? a broad agreement, where are we now? quite a bit weekend. we are going to get the council, the european council, the summit is on sunday, where we are expecting the deal to be signed off. there are two part of this, the withdrawal agreement, a divorced eel, and what does the future look like? a couple of flies in the ointment. spain is very worried about what happened to gibraltar. they want to be specifically consulted in any future. as we know, the big threat is in the uk parliament. a lot of people had a go at theresa may, saying it is lacking in detail about the future relationship so we are essentially

having a blind brexit. we don‘t know what the future is before we leave. good to get your analysis, thank you. 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. stay up—to—date with the business news as it happens on the bbc news business pages. there is analysis from editors around the globe. and we wa nt from editors around the globe. and we want to hear from you. get involved, on the bbc business live web page. we are on twitter and you can find us on facebook. business live, on tv and online. sue noffke from schrodersjoins us again to discuss the papers. we asked if you think black friday is the real deal or a big disappointment from retailers. also, some tips on how to get the best

deals. we had a view, angus says it is an american is an americanism that he will ignore and go for a walk. gordon said, i had a couple of beers and knocked off half by shopping on my phone. those that go to the store to fight it out are foolish. cinders says the deals are unbelievable. are you a big black friday deal taker, or do you shop through the year? there are some big tips, black friday is emotional, and you have to find a real bargain and be aware of things that are dressed up be aware of things that are dressed up as be aware of things that are dressed upasa be aware of things that are dressed up as a bargain. it is down to individuals doing their homework. this is it. an interesting question about whether responsibility lies. the advertising agency sanders says that retailers have to be careful, because they are misleading people into thinking that these deals are

on for a limited time only, the use of clocks and all of that sort of thing, and actually there is no rush on this kind of thing. should it be up on this kind of thing. should it be up to the individual, or the company to give the message about what the deal really is and where you can get it cheaper? retailers are there to create excitement and that is where we have black friday and cyber monday. getting customers into stores, so they can look at the online deal. putting more things in the basket than they would otherwise. individuals have to decide what is the right price for them. according to the national audit office there are 8.3 million people in the uk that are unable to pay off debts or household bills. that is a good point. while the retailers are pushing black friday,

we have to talk about the people that can‘t afford anything whatsoever. this story about the workers and conditions they are working in in order to provide us with these deals? indeed. mike mccoy big warehouses are not always the safest place to work, they are a new industry and there have been incidents of accidents. that has been drawn to attention recently, there is an amazon worker walk—out, drawing attention to the number of ambulance call—outs that have been taking place, particularly at the birmingham site. the darker side of black friday. enjoy the weekend, possibly not shopping. thanks very much. that‘s it from business live today. there will be more business news throughout the day on the bbc live web page and on world business report. have a good weekend.

hello. good morning. yesterday morning, temperatures got down to -647 morning, temperatures got down to —647 degrees in 0xfordshire. this morning, it is very different. largely frost free. we have a lot of cloud around at the moment. misty and murky, and for some there will be some showers. showers across the east of scotland, but down towards the south—west of england we have this area of low pressure. that weather front but is providing no showers, they will move into south wales as well. through the afternoon they could turn quite heavy and thundery. elsewhere, the mist and murk will lift up and there will be bright sunny spells developing into the afternoon. let‘s take a closer look at the detail this afternoon. though showers in the south—west could be quite heavy and thundery. if you showers coming towards dorset

and wales. the best of the sunshine will be across north—west england, through northern england, up through northern ireland and the south—west of scotland. two northern scotland it is going to remain quite cloudy, with an easterly wind it will continue to bring moisture and showers in off the north sea. maximum temperatures for many today getting up to about seven or 11 degrees. tonight, though showers will continue across the south—west. by will continue across the south—west. by the end of tonight there could be some rainfall totals. that could lead to some flooding problems. through tonight, mostly frost free with temperatures staying in single figures. we have an area of low pressure still with us. that weather front has pivoted and more aligned with the english channel. across southern coastal counties, quite wet on saturday. though showers could move their way bit further north, to the m4 corridor. to the north of that, dry. there could be sunny spells developing during saturday. maximum temperature is getting up to about seven or 9 degrees. this is sunday, we lose the rain across the

south. there will be some showers coming in across eastern areas. 0therwise, coming in across eastern areas. otherwise, for many of us, sunday will be another dry day. some breaks in the cloud to give sunny spells into the afternoon, temperatures about seven or 9 degrees. next week, about seven or 9 degrees. next week, a quiet start, but this area of low pressure will move from the atlantic. we lose the easterly wind, giving us those cooler conditions. we draw in this milder westerly. with that brings us some stronger wind and some heavy rain. that will come in later on tuesday and wednesday. until that point, temperatures about eight or nine celsius, with mostly settled weather. goodbye. you‘re watching bbc news at 9am with me, annita mcveigh. the headlines: theresa may is trying to sell her brexit deal to the public as eu diplomats meet this morning to finalise the agreement amid spanish concerns about gibraltar. the prime minister will be taking your questions on brexit

in a special programme right here on the bbc news channel and radio 5 live at 12:30pm. the united arab emirates says it wants to find an amicable solution to the case of british academic matthew hedges, who was convicted of spying and sentenced to life imprisonment. the government is set to fail in its target of installing smart energy meters in every home by 2020, says the public spending watchdog. shoppers hitting the black friday sales are being urged to check that the deals are worthwhile. and coming up in our morning briefing at 9:30am, just watch this.