hello. this is business live from bbc news, with ben thompson and sally bundock. trading with trump. the us president warns britian's brexit deal might be a barrier to the uk reaching a deal with the united states. live from london, that's our top story on tuesday 27th november. with mrs may still fighting to get her brexit deal through parliament, mr trump's intervention won't go down well, but is he right about the path ahead? also in the programme: upping the ante with china — president trump says he expects to slap more tariffs on goods from there now. we'll be live in shanghai with the latest. and markets look like this, ahead of what could be a turbulent week for trade, brexit, and as investors assess what lies ahead for the end of year.

and the cash in cosmetics. we'll tell you how one teenager has turned her hunt for affordable lip balm into an award—winning range of home—made beauty products. and as president trump weighs in on brexit and threatens more tariffs on chinese imports, we're asking — does the world still listen, do we care what he says? let us know. use the hashtag bbcbizlive. hello and welcome to business live. welcome to the programme. a lot to fit in today. the leader of the world's biggest economy has stepped right into the middle of the brexit debate. us president donald trump has suggested that the deal uk prime minister thersea may has negotiated with the european union could threaten any trade deal between the us and the uk. but downing street has insisted it is "very clear" the uk will be

free to sign trade deals with other countries. in 2016, the united states was britian‘s biggest single export market for goods and services, at $127 billion. and the us was also the second biggest source of imported goods and services, with $84.7 billion of stuff coming into britain. relations with the us are also important for investment. in 2015, the us was the biggest source of foreign direct investment, at $387 million. a staggering number. so what did president trump have to say exactly? sounds like a great deal for the eu, and i think we have to do this... i think we have to take a look at seriously whether or not the uk is allowed to trade because, you know, right now, if you look at the deal, they may not be able to trade with us and that wouldn't be a good thing. i don't think they meant that, i don't think that the prime minister meant that and,

hopefully, she'll be able to do something about that. that is president trump speaking, with some of his comments. our correspondent, ben wright, is at westminster. ican i can see him behind me. donald trump is waiting game on the brexit debate ahead of that critical vote in parliament on december 11, is he right in what he says? we have to decipher what he is saying first. the uk will be able to trade with the us as it does nail through the transition period, that two—year bridge in the withdrawal agreement. during that time, the uk will be able to start talks with other countries about future trade deals and negotiate, they just countries about future trade deals and negotiate, theyjust cannot sign them. the political declaration which is part of the deal is clear that the uk will have an independent

trade policy and will be able to do deals with countries like the us in the future. so i think number 10 are exasperated by this intervention. but i think it clearly plays right into the argument being had in westminster now about how good or not theresa may's deal is and for brexiteers, this is absolutely what they are arguing, that the temporary uk wide customs arrangement that is pa rt uk wide customs arrangement that is part of the withdrawal agreement, they fear could become the permanent long—term customs relationship between the uk and the eu and that could completely inhibit the uk's independent trade policy. there is something in what donald trump has said for everybody. brexiteers who say the deal is a disaster and people on the other side of the abdomen to say it is the wrong way to be going so profoundly unhelpful for number 10 as they try to rally support around this deal, and effort thatis support around this deal, and effort that is clearly floundering at the moment. thank you so much, from westminster. greg swenson, who's a partner

at the merchant banking house brigg macadam, is with me now. you are listening to that. when i heard these comments, when i arrived at work earlier today, it reminded me of the former president barack obama speaking ahead of the referendum in june 0bama speaking ahead of the referendum in june 2016, 0bama speaking ahead of the referendum injune 2016, when he said, if the uk votes to leave the european union, you could go to the back of the key when it comes to trade with the us. here we are again with an american president giving his comments before a very critical vote. yes, as we learned from president trump, he likes to throw a grenade in the room so we are getting used to this. i'm not sure what kind of effect this will have. it surely won't help theresa may's cause, but i'm not sure how much it will hurt. if you look back at the campaign in 2015 and 2016 when president obama did come over, you are right, he made those comments. the funny thing is, the polls went up

the funny thing is, the polls went upfor the funny thing is, the polls went up for brexit and down for remain. when establishment politicians raise their hands during the brexit and presidential campaign, especially in the primaries, every time an establishment audition came out against trump, it he went up five points so you have to take everything in context. how much difference could this make which marked the lot of voices on both sides of the debate and this is just another. and given the unpopularity of president trump in some quarters in the uk, this might play in favour of the prime minister. yes, he does not poll well in the uk, that is for sure! you bring up a good point. most people have made up their minds. if the prime minister's campaign to reach the people works, great, but they already have 60% in favour of the steel so i am not sure trump is going to affect it in any way. but for sure, when president trump throws the grenade in the room and makes a scene about something,

it is usually obnoxious and a bit expensive, but it works. and he exposed it in germany and he pointed fingers at china during the trade wa i’s fingers at china during the trade wars and it has done its goods to bring get attention, i don't think we need that with brexit. one other thing, and in westminster said it is business as usual until december 2020. 2020 is criticalfor business as usual until december 2020. 2020 is critical for president trump, he is looking to be re—elected, so his mind might be on other things rather than a trade deal in the uk. he will need friends and he is not focused on detail in terms of the minutiae of governing philosophy. he shoots from the hip and makes comments and sometimes does not do his homework. thank you for coming in. it is nice to see you. and we should say if you are confused by any of the jargon being thrown around by president trump or others in all this, there is a brexitjargon buster. 0n the website. there is no

shame in admitting you don't understand the backstop, the withdrawal agreement. check it out online on the bbc website. it is very useful. let's take a look at some of the other stories making the news. shares in the uk travel firm thomas cook have plunged more than 25% on the london stock exchange. the fall, which came in the first few minutes of trading, came after the holiday group issued its second profit warning in three months. hot weather in the uk over the summer meant less people travelled abroad. it expects full year profits to be about $318m. general motors plans to halt production at five factories in north america and cut more than 111,000 jobs. the us car—maker has also announced it will close three plants outside north america by the end of 2019. the moves follow rising costs and slower car sales, and come as the firm focuses on its line—up of trucks, electric and self—driving vehicles. italy's government has again said it will stick

to its high—spending budget plans. it heightens that chance of fines from the european commission has already rejected its spending plans for next year as unaffordable because of the country's massive debts. the government in rome wants to spend more on infrastructure and welfare to meet election promises. we at the beginning of the programme whether you care what president trump thinks and whether the world is listening, we asked because he has waded into another debate. president trump has also warned of additional tariffs to be imposed on chinese goods if he fails to reach an agreement with president xijinping in upcoming talks. the us president told the wall streetjournal that tariffs could increase from 10% to 25% on around $200 billion worth of chinese imports. robin brant is in shanghai. hello. another round of tariffs increasing some pretty already hefty

tariffs, is china worried by this? there is no doubt this trade war will escalate significantly either beginning of next year when the us is due to increase its tariffs on about $200 billion worth of goods from here to the us, from 10—25%. president trump is saying he is highly unlikely to see to any possible chinese demands to not go ahead with that increase. you'll says that in this interview with the wall streetjournal that if says that in this interview with the wall street journal that if he says that in this interview with the wall streetjournal that if he does not get a deal he wants when he meets president xi on the periphery of the g20 meeting in argentina in a few days' time, he is fully prepared to go ahead with an even further escalation and impose tariffs on the remaining $250 billion worth of trade going from china to the us. is this just presummit tactics? is this a president fully prepared to go. the head is too much at this stage, we just the head is too much at this stage, wejust don't the head is too much at this stage, we just don't know. but the chinese are significantly worried. us firms like haslett and gm blaming the

trade war and drops in sales and stock markets in china, president trump coming to the defence surprisingly private sector companies here. there is no doubt the chinese are worried. thank you, you will stay across that story, live from shanghai. so let me show you the numbers. stock markets in asia overnight were broadly a little higher, despite the warnings from president trump that customers could face a 10% tariff on iphones and laptops imported from china. this could just be bluster ahead of the g20 summit, this is the state of play in europe. 0il bounced back yesterday, after suffering a major loss on friday. still way down on recent highs, as output from saudi arabia tops an all—time high. and samira has the details of what's ahead on wall street today. an american crowds based sales

company will record sales on tuesday. it has been a big boost to companies like sales force which gets revenue from subscription fees from companies accessing its cloud computing services and also from professional and trading services. but tech stocks have felt the pressure lately and sales force has been part of that freefall, losing more than 20% of its value since september of this year. investors will be keen to hear what the company expects for the upcoming quarter. and for 2019. that is from new york. jane foley, senior currency strategist, at rabobank is here. a lot of these stories are intertwined, trump, china, give us

your take on the political risk. intertwined, trump, china, give us your take on the political riskm is huge, i am economist, but i have become more of a political strategist and economics is very much in the back seat which is interesting because it is generally emerging market strategist that have to pay more attention to politics and now it is the likes of me so it is huge since trump came in and the trade was took over as a significant theme. and underneath that, brexit. there are also popular is things linked to brexit and trump and links teams in europe. you have italy, italian politics, nationalism in europe. so there is a lot of politics in different forms coming through. away from that politics, let's talk about companies which is oui’ let's talk about companies which is our normal domain. that is news yesterday the apple share price was falling. again related to what president trump had to say about ta riffs president trump had to say about tariffs and its share price fall in very close, if not below, the value of microsoft. it did briefly

yesterday. chris was a little bit more than apple. since the beginning of october, we had a big correction in us tech stocks and apple stocks falling more than microsoft stocks and part of this yesterday was the news about more tariffs in china and iphone products could be affected by that. that was an impact. some a nalysts that. that was an impact. some analysts were not happy about the guidance that apple gave it a month ago about its holiday season. lots to diejust, ago about its holiday season. lots to die just, thank you for now. she will return with more to get into with jane. still to come... how one teenager turned her hunt for an affordable bomb into an affordable range of beauty products, shejoins us later. —— and affordable lip balm. you're with business live, from bbc news. it's the season to eat mince pies. i

absolutely it's the season to eat mince pies. i a bsolutely love it's the season to eat mince pies. i absolutely love them and you would imagine the companies behind making them are in full swing at the moment. do you think you would get bored of the smell? ifi the smell? if i worked in the factory i might get put off. victoria fritz is there to show us how seasonal workers make the holiday season work. it is very autumn winter 2018, i will bring you back a hair net and i will bring you back a hair net and i will bring you back a hair net and i will bring you back some mince pies as you seem to love them. they make 720 every single minute here in barnsley, i am at the premier foods factory, the biggest factory of its kind in britain and it's hard to ta ke kind in britain and it's hard to take on an extra 350 seasonal workers in order to keep the production lines going. the man in charge of all of this, who has taken on the extra staff is simon who

joins me now, how easy it has it been to find temporary workers? we don't seem to have a problem, we get the same people coming back every year. i think because of the investment we have in their training and development. ultimately when we have permanent positions, in fact last year we had about 100 permanent positions and 90% come from the seasonal workforce. what happens on december 26 when everyone is sick of mince pies, does the production line stop? no, we moved from three production lines down to one and they will be back on to fruit pies which run all year round. you have something like 15 production lines here. they will be making fondant fancies and bat and bird all year round. swiss roles as well. tell me what's going on with all this brexit nonsense because during your financial results a couple of weeks ago your company said it would start

stockpiling soon raw ingredients as a result of brexit, are you still planning to do that? we look to increase our stock level of fresh material is particularly for cake which is a short shelf life product, we need all the materials to ensure we need all the materials to ensure we are never out of supply. thanks very much. you heard it here, the mince pie is safe. it's not actually english however, it comes from the middle east and if you want good luck you must stir your mincemeat clockwise. your're watching business live — our top story: the british prime minister, theresa may, has dismissed president trump's suggestion that her brexit deal with the eu would make it difficult for britain to strike a trade deal with the us. a quick look at how the markets are faring. have you ever had the idea for a

good business idea, maybe you have the idea but no idea how to turn it into a profitable company. when you start age 15 you perhaps have real courage and confidence and you don't know much about it which means you can go for it, take the plunge and take a risk. that is exactly what our next guest did. rose dyson is trying to make inroads into the costmetics industry which, in europe, was worth about $88 billion last year. small and medium sized firms are credited with coming up with new, innovative ideas, and can move quicker than theuir larger rivals. there are more than 5,500 firms like this making cosmetics in europe. but — perhaps unsurprisingly — the industry employs many more women than men. the workforce is 61% female, compared to 39% male. rose dyson is the founder of pura cosmetics. good morning, iwould

good morning, i would like to say, i think she is our youngest ceo entrepreneur on the show at the age of19, entrepreneur on the show at the age of 19, welcome. we have seen pictures of you in your kitchen making these products, tell us about how you started? i started when i was 15, at school, it was part of the high school enterprise challenge. i often thought the prices of cosmetics on the high street, especially things which are ethical often came with an extortionate price tag for a 15—year—old's pocket money. so the basis of the competition was starting a business with £25, that is all i have ever invested in the business but at 15 that was a lot of money! i thought i would turn my passion into a business and take this problem i had found on the high street into my company. £25, when you find it and you've not put

another penny in sense, it's been self generating, what you sell you put back in the business?” self generating, what you sell you put back in the business? i bought some ingredients and started formulating on my kitchen table and then i managed to trade at little markets in yorkshire where i live and then i progressed to a website where you can buy online launching in march 2016 and then we've gone on to start stocking independent shops, beauty salons, department stores and little gift shops all over the country. you are extremely busy right now. this looks like the perfect stocking filler, you have got your little lip scrub and lip balm, how much is that? those are the gift sets, you can personalise those, they are 799. and your target market is people your age isn't it? definitely, what we are trying to

create is a long lasting, brand loyalty from a young age. people starting out make up don't know what sort of products to use and it's important they use ethical products on sensitive skin. it's a tough market, we gave a sense of how many businesses are doing this, how big the market is worth, how would you break in, you use a lot of social media, influencers and things like that, talk to me about how you get them to do it but also what impact it has if they put it on their social media, what does it mean? it has if they put it on their social media, what does it mean7m has an immediate effect in 28—48 hours. theyjust post a picture? we just send them out and they love the products or the talk about it on instagram and twitter and we can see real sales boost. what was critical was you won a competition which give you £10,000 worth of investment

because at your age, you struggled to even open a business bank account. definitely, the competition run this summer and it identified the top 20 most promising young start—up entrepreneurs in the country, the uk and ireland, we met up country, the uk and ireland, we met up in london and they selected the top five, judges including the co—founder of transfer wise, and people, there was the ceo of delivery, they selected a top five to go to the offices in estonia and a pitch was made and i was successful in winning the £10,000. you are still living with your mum and dad and making this and your pa rents and dad and making this and your parents kitchen, that's going to be an issue in future. i'm going to use the £10,000 angel investment to upscale the production side, because demand is so high, we are struggle

to cater for the demand so i'm demand is so high, we are struggle to caterfor the demand so i'm going to caterfor the demand so i'm going to use those funds. good to see you, thank you for coming in, best of luck. rose dyson, no relation to james, we wa nt to rose dyson, no relation to james, we want to make that clear because some people were wondering. people getting in touch over whether we ca re over getting in touch over whether we care over what preston trump says. we will talk about that in a moment but here is a reminder on how to stay in touch. stay in touch on the business life page, insight and analysis from our tea m page, insight and analysis from our team of editors around the globe and we wa nt team of editors around the globe and we want to hear from you, get involved on the bbc web page. you have not held back, jane is

back, lots of comments from the viewers about president trump, one says a simple question to the government does the deal allow us to doa government does the deal allow us to do a trade deal with the us, can the eu confirm its possible or not? another says of course you care what he is saying, we are talking about it. and we are, it is our top story so clearly investors care about it. someone in japan seeing so clearly investors care about it. someone injapan seeing all they need is a second brexit referendum before the discussion about what donald trump is actually saying. jane, iwant donald trump is actually saying. jane, i want to talk about what is in the papers, this one i picked out about electric bikes, they are popular overseas but they will launch in the uk. it's an american company but it has operations in europe. in the uk it's only putting on normal bikes because the

department for transport says mopeds and scooters are too dangerous. department for transport says mopeds and scooters are too dangerouslj and scooters are too dangerous.” have been on one in paris, my kids loved it, i was trying to keep up with them, they go really fast.” loved it, i was trying to keep up with them, they go really fast. i am a former byker and i would love to go on one of those but at the moment it's been denied. they don't have docks like the ones we are familiar with in london and companies have tried to do that in the uk so far without much success, a company in manchester had a lot of thefts. they are manchester had a lot of thefts. they a re left manchester had a lot of thefts. they are left stranded everywhere. you would see them in manchester on trees and lamp posts. it has replaced the shopping trolley. in china there are mountains of them, they get left and then collected and put in big mountains. thanks, good to see you, thank you for your company, we will see you soon, goodbye. a lot going on with the weather over

the next 24—hour is, we start off this morning with patchy frost and also some quite thick fog, it should turn to left and cleared away later on but rain and gales developing as well that's because we've got a number of low pressure systems are sitting out into the atlantic, they are heading our way, this is the first one which will affect many western areas throughout this morning and that rain is going to push its way east, the rain will be heavy at times across northern ireland, wales and the south—west of england. the further east you are it will be largely dry and fairly bright, surety and they are but sunny spells expected. into the afternoon we will see brighter skies developing in south—west england and wales, temperatures 7—9 from any but we start to draw in the milder air across the south—west, temperatures up across the south—west, temperatures up in double figures. during this afternoon you can see the rain

moving its way towards the london area towards east anglia and many northern and eastern parts, sunshine for the west but gusty winds, those black wind arrows getting up to may be 55 or in the irish sea coast, towards scotland some in central areas but in the north—east of the rain will not have reached you here so it will be brighter weather into the afternoon, the rain will clear out into the north sea and then followed fairly quickly by another area of rain as it moves on from the atlantic. largely frost free night, temperatures higher than last night at about 5—7. into wednesday this low pressure, deep low pressure, the isobars, quite you wheezed telling us isobars, quite you wheezed telling us the strong winds on the way for wednesday, all of us will experience them, heavy rain particularly across northern ireland, north—west england and up into scotland, could see as

much as 55 millimetres by the end of the day. wendy for all of us, these are the gusts, could see up to 60 mph in scotland, gales, perhaps even severe gales, much more mild day for us, temperatures up to 12—111. more strong winds and heavy rain around on thursday that will clear into sunny spells and showers, sunny spells taking us into friday as well, temperatures are staying up at 8-12. you're watching bbc news at nine with me, annita mcveigh. the headlines: the prime minister hits the road to sell her brexit deal to the public after facing criticism from mps. she'll arrive in wales shortly. downing street insists theresa may's plan will allow the uk to strike up a trade deal with the us, after president trump suggests otherwise. i think we have to look at seriously whether or not the uk is allowed to trade because, you know, right now, if you look at the deal, they may not be able to trade with us and that wouldn't

be a good thing. matthew hedges — the british academic released from detention in the uae — has arrived back in the uk. nasa releases the first image from its robot on mars — following a dramatic seven—minute plunge to the surface of the red planet.