this is business live from bbc news with sally bundock and maryam moshiri. could disppointing earnings from alphabet spell the end of the 2019 tech rally? live from london, that's our top story on tuesday 30 april. alphabet reported its slowest revenue growth in three years, raising fears it's reached a turning point in its core advertising business.

we will tell you all you need to know. also in the programme are the world's two biggest economies on the home straight in their talks to resolve the bitter us—china trade war? we'll cross live to china as the latest round gets under way. and for the financial markets, such a busy week with lots of economic data, lots of earnings reports and central bank action and of course the trade talks. that is how europe is trading right now. and it's a huge leap from university to the workplace. we'll get the inside track on bright network, which helps graduates to fulfil their potential and works with leading businesses to give them access to a more diverse pool of talent. also, a us firm has apologised for seeking a ‘preferably caucasian‘ candidate, so we want to know what's happening where you are in the workplace? are policies to increase diversity working? let us know — just use the hashtag bbcbizlive

welcome to the programme. do you get in touch, as ever, a packed programme so let's get started. we start in the tech sector where shares in google's parent company, alphabet, dropped sharply after it revealed its slowest revenue growth in three years at the start of 2019. that's sparked investor fears that growth in its core digital advertising may be slowing. revenue forjanuary to march rose by almost 17 percent to 36.3 billion dollars, around $1bn less than most experts had expected. "google other" revenue — from the likes of youtube, play, its cloud computing business, hardware sales and the android app store — grew by 25% to almost $5.5bn.

its profit fell 29 percent to $6.7 billion, dented by a large fine after the european commission slapped a $1.7 billion penalty on alphabet for abusing its monopoly in online advertising. totalfines imposed by brussels over the past two years now stand at more than $9 billion. with us now isjulia hawkins, partner at venture capital firm, localglobe. thank you forjoining us. let's talk about the advertising revenues, why is it that a company like google is having problems with advertising and rivals such as facebook seemed not to be? i think it's really interesting, it's been highlighted in the first quarter they had suffered because the strong us dollar, they'd had a tough comparison versus the previous quarter but also they started to

make changes on youtube which is actually what has been causing the decline in growth they have been witnessing but you're absolutely right. we needed to get more clarity in terms of what's actually going on here because compared to competitors, our expectation as they should be doing better. interesting, isn't it, you can notice, consumers are increasingly going straight onto the likes of amazon and its website for product instead of doing what they used to do, google the products first and that is having an impact. that's right, they didn't go into that on the earnings call but that is what we are starting to see, absolutely. the european commission, big fine, $1.7 billion, how big an impact as that had? really big, had it not been for that the earnings estimate would have exceeded expectations so i think overall, this is starting to have an impact, as your colleague mentioned earlier, this is the third find that google

has had to deal with. now, what do you think the answer is for google right now, where it does the future it lie? yesterday they were talking about where they will focus on the future and it's really about hardware, cloud, and about other investment, so we see over time, they will shift business away from they will shift business away from the advertising platform but really, advertising is still the core of their business. will they shift more adequately away from advertising to shore up their business? they are continuing to pour money into engineering talent to underpin the business that's really what the thesis and the exam question for the business is today. julia, good to talk to you, thank you. thank you. let's take a look at some of the other stories making the news samsung has posted a 60% drop in operating profit in the first three months of 2019, hit by falls in chip

prices and slowing demand for display panels. operating profit at the south korean tech giant was $5.1; billion in the january—march quarter. us president donald trump is suing deutsche bank and capital one in a bid to stop them from handing over financial records in response to congressional subpoenas. mr trump filed a suit late on monday in a federal court in new york. the move is the latest attempt by the president to frustrate efforts by democrats to dig into his personal affairs. shared office provider wework is prepping the paperwork to list its shares on the us stock market. the firm offers shared office space and services, and is already london and new york's largest private office occupier. it's yet to make a profit, with losses last year doubling to 1.9 billion dollars but was valued at $47 billion when it raised private funding in january. are we into the final laps of us china trade talks?

many are asking that question. that's what us treasury secretary steven mnuchin has been saying as he travels to beijing with his trade chief robert lighthizer. robin brant is in shanghai... i know we've been here before but what is the mood music coming from the meeting? substantive talks get under tomorrow but steven mnuchin came to china in optimistic mood, talking about the final laps, talking about the final laps, talking about the final laps, talking about his hopes they could achieve a deal from this meeting and achieve a deal from this meeting and a meeting due in washington, dc next week when the chinese vice premier, the man in charge of negotiating with the chinese, returns to washington. i have to say the treasury secretary steven mnuchin is always the optimistic one, if we look to robert ley ties who's in charge of negotiating for the americans, he adopted a far more realistic position, i think, talking

about much more, notjust agreeing a deal but how they enforce that deal, the mechanisms of enforcement, enforcement, enforcement, repeating the word that many times as how much emphasis he places on getting a deal. the mood music has been quite positive from some sites from america, but the chinese are not willing to concede sovereignty on the mechanism which make sure they make the changes that america wants them to make if they get the deal. the substantive talks tomorrow, we will definitely get a chinese trip to washington, dc but steven mnuchin thinks this is definitely approaching the end. we will hold on to that, robin brant in shanghai, thank you. let's look at the markets, japan closed today, a really long holiday, ten days a public holiday to mark the change of the emperor. no market action but elsewhere it was mixed, hong kong down probably off the back of the chinese manufacturing data showing a

slowdown in april, implying that perhaps the economic stabilisation we saw in china at the start of the year is maybe a little on the fragile side. that's how they closed in the states, in europe right now, the big leader on the ftse 100 in the states, in europe right now, the big leader on the ftse100 is standard charger, results out today and will talk about those any moment. the oil giant bp, disappointing profits down by almost two and a half billion dollars in first quarter, shares up half a percent. we'll talk more about the movers in europe and a moment but first, here's michelle with a look ahead to the day on wall street. america's central bank begins a two—day interest—rate setting policy meeting in washington. with the us economy faring better—than—expected after strong gdp data last week, wall street wants to know if the fed has changed its view on the timing of future interest rate moves. you may recall it had said it was on pause. also apple is one of the many companies reporting results this tuesday. the tech giant due to reveal its second—quarter earnings at a time when its iphone

business faces headwinds. in january the tech giant unexpectedly lowered its revenue guidance as fewer people upgraded their iphones. investors will want to know how its products are faring, have sales picked up in china and europe and is its service business continuing to grow? also watch out for earnings from american car—maker general motors as well as drug makers pfizer, merck and eli lilly. joining us is laura foll, fund manager, global equity income at janus henderson investors: what's the mood in the markets right now? i think it's generally positive, a lot of companies reporting already, there was a lot of nervousness about industrial company reporting, the fourth quarter last year, the markets were quite nervous, perceived to be a global economic slowdown, we are not really seeing that in industrial company results broadly so far, although there are always

disappointed months but broadly it looks quite encouraging which is good for the global economy. let's look at standard charger, the biggest gain in the ftse100 today, talk through what it said. it's had really quite encouraging results, loa n growth really quite encouraging results, loan growth slightly higher—than—expected but at the same time they've kept cost nailed down, the earnings look better and i think what's interesting, they started a share buy— back, what's interesting, they started a sha re buy— back, you what's interesting, they started a share buy—back, you remember the iranians sanctions from the us recently, over $1 billion, today they announced a $1 million buy— back, so what's good for they announced a $1 million buy—back, so what's good for them as they know where the balance sheet is, they had the fine, they can start returning cash to shareholders. in terms of the european banking sector what do you think the future holds in the next few months, it's been a torrid time for some companies? it's difficult, you saw rbs on friday, the loan growth in some parts of the uk is difficult, commercial lending was difficult, commercial lending was difficult, they blame that on brexit but who knows whether it is? it's

quite difficult in european banking at the moment to grow your loan book and at the same time compliance costs are increasing all the time so it's quite hard for them to get the earnings growth because you got a situation is difficult to grow sales, loans and your costs are increasing and that puts pressure on earnings are what you still see in european banking, broadly, valuations remain quite depressed across the sector. laura, good to talk to you, you'll come back in a little bit to talk through the papers. for now, thank you. still to come as a graduate, whatever your background, how do you get noticed by the blue chip companies? we'll get some tips from the founder of bright network, one of the fastest growing career networks in the uk. you're with business live from bbc news. the body which represents rail operators in the uk has revealed plans for what it describes as a transformation of the network. the rail delivery group suggests

moving away from fixed—term franchises and allowing firms to compete on long—distance routes. this is all part of a massive government—backed review going on into the future of our railways. ben is is live at birmingham new street station. lovely to see you. explain what's going on. good morning to you both. you are right, this has been cold the biggest shake—up of the railways ina the biggest shake—up of the railways in a generation, or part of a review that will report back in the autumn looking at what the railways should looking at what the railways should look like in the future and clearly we know there have been all sorts of problems, big delays, the timetable fiasco, ticket price is still going up. today the rail companies themselves are issuing their proposals for what they think should change and there's all sorts of proposals in there about introducing more competition, helping bring down prices and also creating a body that will have an overview of the entire

system. with me is bridget fox, from the campaign for better transport. do these proposals go far enough? clearly we know something needs to change but is this it? we need a shake—up and it's great the industry and government recognise something needs to change. what passengers tell us, the top priority is getting a fairerand more tell us, the top priority is getting a fairer and more flexible fare syste m a fairer and more flexible fare system so that will be what people wa nt system so that will be what people want to see coming out of this. people care less about who runs the railways and more about knowing they will run on time, be reliable and accessible to where people live. one of the issues we talked about is introducing competition and in most businesses competition is great, it makes fans improve services, keep prices low, doesn't necessarily work on the railways because of the way the railways run? try come in some places the infrastructure isn't there to allow competing routes on there to allow competing routes on the same bit of track and it could make service less which is the last thing passengers want but it's true the one size fits all franchise syste m the one size fits all franchise system hasn't delivered. it's been

dead signed along a very traditional model, 95, monday to friday commuting, london and the south—east and we need a framework to deliver wider social economic green benefits that people need. good to talk to you, thank you. there you have it, that's the view from birmingham as commuters go about their day. what will the railways look like in future? the questions today, the date the rail companies issue proposals, the main report will review back in the autumn. your‘re watching business live — our top story — shares in google parent company alphabet dropped sharply after it revealed its lowest revenue growth for three years. it sparked investor fears that growth in core digital advertising may be slowing. so, you're fresh out of university, you graduated and it's now time to find your dream job. i remember those days and ifound

it! but how easy is it to find the right role, in the right location, which pays the right salary? this could be tricky. good for you! well, uk—based bright network, which was set up in 2013, is making job—hunting easy for graduates by using it's platform to connect over one million students with blue chip employers — including the likes of goldman sachs and dyson. first of all, explain to me, there's so first of all, explain to me, there's so many recruitment companies out there promising so many things, what is it about years that set you apart? we are all about using technology and data, we are about creating the workforce of tomorrow, that's the mission, we've got over 190,000 bright young people on the network and over 300 top employers, from pwc, google and the likes and it's about connecting those communities in a smarter and more intelligent way. how do you measure

success ? intelligent way. how do you measure success? it's about getting members jobs, that's what gets me in the team working better. but once you get thejob, do team working better. but once you get the job, do you check on them, that they're happy? 10096, a survey at recently saying 75% of people in the uk regret their career choice and that makes me incredibly 75% ? and that makes me incredibly 75%? that's right, it was a bbc survey. and we need to use, especially with brexit coming up, we need to use talent. that doesn't surprise me, in your early 20s, i don't think your brain is fully developed, really and you're expected to make massive life decisions that could impact you for the rest of your life and talk me through diversity because that is what many companies are aiming for. how important is diversity in the workplace? it's critical and it's critical to us, companies want the best and brightest from all parts of society and how they get them as often very hard. companies are looking to broaden the reach so we have a survey right now with

members, 5000 of them, how they feel, students who have disabilities, 41% of them feel that the number one thing holding them backin the number one thing holding them back in theircareer the number one thing holding them back in their career choices, 30% of black and minority ethnic students feel that holds them back also. we ta ke feel that holds them back also. we take a long—term view in students, we get them at 18, invest in them through the career life—cycle, they become more confident and understand the careers they can access. tell us about what these graduates are looking for, what did they want from employers, it's changing, it's not about a bigger salary and a job for life, they are thinking about many careers, many things going on? from the latest research 5% of members value pay about people and culture. people and culture is the number one thing that these graduates are looking for in terms of their future. second, flexible working, 81% expect flexible working in their careers. it's about working for the

right company rather than working for the right amount of money? absolutely, generation 2, they want to give back and contribute, they are optimistic about the future so about 50% of them are worried about the impact of artificial intelligence and they want to work foran intelligence and they want to work for an organisation that is giving back to society. in the current environment, i know in the uk we have record low unemployment rates, some companies cannot brag about that but what the competition like for those really bright graduates? it's absolutely intense, i cannot describe how the wealth of talent is. the big employers, 75 applications for every rule in big companies but have of them don't fill the vacancies, the reward for best talent is as great as ever. how do you reward talent, what do you need to be set apart? commercial awareness, add value, graduates still think they have to get a 2—1

but companies want to know business savvy? seriously interesting. thank you. thank you so much. right, let's move on. how do you get in touch with us. we've been talking about diversity in the workplace. here's how you can get in touch. but first, let's talk about boeing. oh i'm so sorry. now let's turn to boeing, which has faced calls from investors for a boardroom shakeup following two deadly crashes involving its 737 max jet. airlines have warned that the worldwide grounding of the aircraft could cost them millions of dollars. samira hussain reports from chicago. in the heavy rain, family and friends stood silently, clutching photos of victims from the ethiopian airlines crash last month, which killed all 157 people on board. they wanted shareholders and boeing's ceo, dennis muilenburg, to see their faces before heading into the annual meeting. i'm hoping justice for the victims and the victims' families, and that means a full federal and state criminal investigation. boeing has just made decisions to put their profits in front

of the safety of their passengers. i want boeing to come clean about the chain of events inside boeing that led to these crashes. but if they were looking to hear some accountability, they were disappointed. despite being pressed by the media, boeing's ceo was reluctant to accept full responsibility. there's a chain of events. there are multiple contributing factors. there are factors that we can control in the design, and, in this case, that common link related to the mcas system and its activation. we're going to break that link, and this will prevent accidents like this from happening again. the boeing 737 max's anti—stall system, or mcas, was the common factor in both the ethiopian and lion air crashes, and it is what led regulators across the globe to ground the entire boeing max fleet. as it scrambles to get their planes fixed, the crisis continues to grow for boeing. four whistle—blowers have approached us lawmakers, raising safety concerns with the max jet. the company is facing a mounting number of lawsuits and criminal investigations from the us justice department. that should have gone through some sort of internal review... facing shareholders for the first time, mr muilenburg took pointed questions about putting profits over safety. you seem to have rushed the 737 into production, and lost sight of some basic fail—safe things. i want to assure you, first of all, that safety is our top priority. the message of safety being the top priority was repeated several times.

whether it was enough to convince global regulators, and the flying public, is not yet clear. that should have gone through some sort of internal review... facing shareholders for the first time, mr muilenburg took pointed questions about putting profits over safety. you seem to have rushed the 737 into production, and lost sight of some basic fail—safe things. i want to assure you, first of all, that safety is our top priority. the message of safety being the top priority was repeated several times. whether it was enough to convince global regulators, and the flying public, is not yet clear. that the samira hussain, talking about boeing, not talking at all about boeing, not talking at all about how to get in touch with us.

today, laura is back with us. we have been talking about diversity, laura, tell us about this company in the us that got it a little bit wrong. i cannot quite think what this company was thinking with its advertisement, it is a us company and said on websites like glass door at wanted a to stipulate this, it seems, so odd. and there was a huge reaction, immediately. and people were saying, are you immediately. and people were saying, a re you really immediately. and people were saying, are you really asking this question, it seems extraordinary. terrible pr. we had a lot of tweets, we asked people about what happens where they work and about the importance of diversity, that is a big push for a lot of companies. we had people saying is this a company that has few caucasian employees and so

positive discrimination and so maybe they wanted a geographical or wide caveat or oil expert! right! i know 60% of this company were ethnic minority, that's all i know. 60% of this company were ethnic minority, that's all! know. and also the co—founders of the company in the us are american indian but you know, laura, your own experience in the city of london, it's huge, this push for diversity. huge at the moment, companies like mine are signing up to things like the women in finance charge, there's lots of different roles to diversity, gender, ethnicity. and there is age and disability. what policies work, whether quotas work or not, what will settle and what is more in—your—face? will settle and what is more in-your-face? a big debate about whether quotas were, whether it creates tokenism and i completely understand that, at such a difficult problem. we've had one viewer is a height the best —— hire the best quality applicant, ignore everything else, appearance counts but as long as the person is modern professional

looking that should be at. we've got john he says when a presidential candidate says he prefers a female vice president it's a sign demographics are more important than qualifications. i wouldn't necessarily say that but anyway let's move on. you can be qualified. really quickly, we heard that we work is getting ready to go to the markets on wall street, mass evaluation, doesn't make money, what do you make of this? it's another private company looking to publicly list and its loss—making, it makes a similaramount of list and its loss—making, it makes a similar amount of revenue as it does a loss, which isn't the best metrics i would say. but those on the markets don't seem to care. there is a subset of investors for which this isa a subset of investors for which this is a disruptive company, growing quickly and therefore it's a sign of a premium valuation that goes with that. laura, great to talk to you, thank you for your time. and thank you for your company. we are back tomorrow, some time, same place. we are indeed. thank you for watching.

goodbye. see you soon. good morning. an east west split in the uk today, for many eastern areas, starting off misty and murky with patchy fog but you see from the satellite, largely clear this morning. in the west, we have this area of cloud, weatherfront morning. in the west, we have this area of cloud, weather front moving in ringing some outbreaks of rain across northern ireland. the rain spreading into western scotland, eventually into the west of wales and the fat south—west of england, a cloud increasing all the while, mist and fog clearing to leave bright weather for most of scotland and england. maximum temperatures typically around 17, perhaps 19 or

20 degrees in the south—east. cooler further west. this area of rain continuing to spread eastwards through the night. there will be some clear spells across eastern areas, allowing temperatures to drop down to around 45 degrees but for many of us, not as cold as it was last night. temperatures generally reaching 8—10d. throughout wednesday we have this zone of cloud and wet weather, very patchy rain, breaking up weather, very patchy rain, breaking up into showers as the day goes on and as it moves eastwards, brighter skies will come behind. chillier day than today, maximum temperature is 14-17d. this than today, maximum temperature is 1a—17d. this week whether front eventually dies away, high—pressure edging in from the south—west but we have a northerly wind bringing fairly unsettled conditions, you notice the weather front in the far north, bringing a change in the way towards the end of the week. on thursday, brighter sunny spells,

some showers developing as the day goes on. hit and miss. some showers developing as the day goes on. hitand miss. for some showers developing as the day goes on. hit and miss. for many, temperatures round about the same as wednesday, 1a—17d, turning colder across northern parts of scotland, high temperatures of 9—10d. turning colder still as we go through into friday, the cold front moving southwards, the cold arctic air moving in from the north throughout friday. going into the bank holiday weekend, going to be much chillier, temperatures on friday and saturday 8-5d. temperatures on friday and saturday 8—5d. there will be some sunshine throughout the bank holiday weekend, temperatures eventually creeping up, we will see them reach 17 degrees in the south—east on monday. that's all for me. have a good day. goodbye.

you're watching bbc news, live from tokyo. we are bringing you the special programme from outside the imperial palace. emperor abby —— emperor akihito will soon hold a ceremony to formally abdicate. this is the first application in over two centuries. he will be succeeded by his eldest son, crown prince naruhito, on wednesday, ending his hero after 30 years. the new hero will begin on wednesday. we will be able to bring you all the live coverage from inside the imperial palace any minute now is the

ceremony starts. we expect emperor akihito and his empress to walk into the room with two of the three treasures. there is no imperial japan, crown for japan's treasures. there is no imperial japan, crown forjapan‘s family, they have a sacred mirror, a sword and a gem. he will return two of them shortly, they will be inherited by his eldest son, crown prince naruhito, on wednesday. we are also expected to hear from naruhito, on wednesday. we are also expected to hearfrom prime minister shinzo abe, to make a comment about the 30 years of this era, and we will hear from emperor akihito, the 30 years of this era, and we will hearfrom emperor akihito, his last speech as emperor. as you can see now, we are seeing last speech as emperor. as you can see now, we are seeing live pictures inside the imperial palace, emperor akihito and empress michiko walking into the room. you can see the two treasures being brought into the room. they are the symbols of

japan's imperial family. they