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tv   BBC Business Live  BBC News  May 23, 2019 8:30am-9:01am BST

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this is business live from bbc news with maryam moshiri and victoria fritz. aviation regulators from around the world will meet today to decide when the grounded boeing 737 max will return to the skies. live from london, that's our top story on thursday 23rd may. grounded! but for how long? aviation authorities from all over the world meet in texas to discuss the flight ban for the boeing 737 max. getting real with the rupee. as india closes in on election results, we'll assess the economic challenges for the world's
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fastest growing economy. european stocks tracking losses in asia overnight, worries over trade tensions between the world's two biggest economies. and we'll be getting the inside track on the new generation of young and influential youtube celebrities. how do they make a connection with global brands? we'll be talking to a firm who introduces the two. also on the programme — public health experts are calling forfair provision of public toilets. they're blaming the closure of hundreds of facilities in the uk for preventing some people from leaving home. get in touch with us. what is the provision of public toilets like where you live? #bbcbizlive. hello and welcome to business live. we start with boeing. both boeing and us aviation regulators will begin drives to restore their battered
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reputations today, following the worldwide grounding of 737 max aircraft in march, after two deadly crashes just five months apart. the us federal aviation administration is hosting global air regulators in fort worth, texas, to review boeing's now completed software update for the 737 jet and consider how soon it should be cleared to fly again. the faa is likely to face questions over how it approved boeing's newest aircraft — along with the new mcas anti—stall system implicated in the two crashes — also, why it dragged its feet in grounding the aircraft, and whether it's too close to boeing. there are doubts over how quickly foreign regulators — notably the chinese — will allow the 737 to return to their skies. the us and china are embroiled in a bitter trade dispute. on wednesday, china's three biggest airlines joined united airlines, turkish, ryanair and others in asking boeing for compensation for losses caused by the 737 max grounding.
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a meeting of airlines is also being held today in montreal, canada, convened by the international air transport association. of its 290 airline members, 28 have the 737 in their fleets or have it on order. victoria. thanks very much. joining us is captain tilmann gabriel from city university — and executive chairman of the international pilot training association. thank you forjoining us. in your view, should the macro to be returning to the skies? it definitely should. it will come of the question is, when? it was once designed by left—handers in 1966 and it isa designed by left—handers in 1966 and it is a core aircraft full or short—haul traffic worldwide that you and i enjoy every day. but what is the major advantage? passengers and pilots have their
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reservations about this plane. the issue behind this new system to fly the 737 max are saving 18% fuel, which is a big issue for all of us here with the environmental focus, is that it needed a new system. u nfortu nately, is that it needed a new system. unfortunately, boeing and the authority in the usa were not too to introduce the system not only to the pilots, but also the simulators. and this caused unfortunately these tragic accidents. these questions and these disturbances of trust into the fai is causing this delay now much longer than we originally expected. it seems certainly that although these reports are ongoing and investigations into the crash is still ongoing, it does appear as though in both instances, there was nothing more pilots could have done. is better simulation the answer, or
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do they need even more to trust this aircraft? no, simulation is a long—standing key tool for pilot training. and when all the systems are involved in the simulator, meaning that we can simulate the failures of those systems, we train the pilots perfectly. we do this since 50, six years. in this case, the system has not been introduced into the simulator and is now the authorities today in texas will discuss as one of the issues of how the training of the pilot should be done to get the 737 max back in the air. and just be free, is the relationship between boeing and the regulator in the united states appropriate, do you think? —— just briefly. that is certainly under scrutiny. that is a question i cannot answer in total, but there is a trust issue with the fai and that causes the very, very careful standing of the administrative body
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who said they could not care how long it takes to get the 737 max into the air. european leaders will be very attentive now, what is done, how the pilot training is done before the 737 max is getting back airborne. 0k, thank you very much. a pleasure. let's take a look at some of the other stories making the news. in the last couple of hours... the japanese electronics company panasonic has announced it is suspending business with the chinese telecoms giant huawei and its 68 affiliates, to comply with a us ban. panasonic said it had stopped shipments of certain components to the chinese firm. brazilian cosmetics group natura has announced that it is buying uk—based direct—selling cosmetics business avon. natura, which already owns the body shop and aesop, is brazil's top business in cosmetics, perfumes and toiletries. its all—stock offer of about $2
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billion means natura shareholders will hold 76% of the combined company, which will have annual revenue of over $10 billion. the tech giant amazon has seen off a shareholder rebellion over its facial—recognition technology. investors rejected a proposed ban on selling the kit to us government agencies. the company says it is useful for catching criminals, preventng crime, and finding missing people. civil rights campaigners have criticised it as "perhaps the most dangerous surveillance technology ever developed". votes are being electronically counted after india's marathon five—week election. the new government will face some deep—rooted economic problems, which include an economic slowdown and a high unemployment rate. you are very keen on this story! i was agreeing with you.
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sameer hashmi is in mumbai. india's stock markets surged to record highs on early results. and new record on the back of the results. that is right, it has been a long election and what you are discussing has come to an end and the markets are cheering for a different reason because prime minister narendra modi is set to win a second term and his party on track to get a comfortable majority and his government will be backin majority and his government will be back in power so the markets think he is the right man to lead india at this point, especially when it comes to the economy. the indian economy has been growing rapidly and is also facing challenges and they think that modi will be able to steer the economy and make sure india keeps growing at a rapid pace, which it has in the last four years, but there are problems coming up. one more question, high unemployment, economic downturn, those are the fears that many indians have and
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they want addressed by whatever new government is elected. if you look at india's economy, unlike china, it is driven by domestic demand, which means as long as people in india are spending money, that boost the economy. we are seeing the sort of slowdown. car sales have gone down and this has really caused concerns over here, so that is the number one challenge. two is creating jobs because more than half of india's population is under the age of 25 and they need 8 million, 10 million newjobs and they need 8 million, 10 million new jobs every year. and they need 8 million, 10 million newjobs every year. for a young workforce. the fed is private investment. to create jobs, workforce. the fed is private investment. to createjobs, you need investment, and so far, the government expenditure has helped boost economic growth, but private investment is not coming in and that is what people hope the new government will be able to come up with policies to help create more jobs and also bring in more investors, including foreign
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investors. so keep challenges ahead which looks like they will face mr modi and his new government. and we will be keeping an eye on that story throughout the day. keep in touch and go to our website for more on the elections in india. the bombay sensex breached the 40,000 mark for the first time ever. it has pared back slightly, but the mood is still buoyantin back slightly, but the mood is still buoyant in india, unlike the rest of asia, which is following the downward trend, worried about trade tensions between the world's two biggest economies. european stocks... the london market and the rest of london have been open for a little bit and the london market is down. the pound is under pressure to ta ke down. the pound is under pressure to take in the future of the uk prime minister is in doubt, it is fair to say, putting pressure on the pound sterling. bad news for holiday—makers. we will have more on those market stories with our guests, but details now of what is coming up on wall street later. best buy reports
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earnings. sales expected to get a boost from subscription tech support services which was a major part about you but delhi's turnaround strategy. as for the economic calendar, a report from the us commerce department is expected to show sales of new homes declined in april to 675,000 from 692,000 in march. and we will also look at manufacturing activity in the month of may. kathleen brooksjoins manufacturing activity in the month of may. kathleen brooks joins us now. minerva has announced it is suspending business with huawei, tell us more. yes, it is the latest company to succumb to us sanctions. a lot of tech companies, panasonic being the latest, it has impacted japanese companies who deal with or have transactions with huawei. they
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are very worried about casting —— getting on the wrong side of the us. because ten, 20 years ago, the us sanctions on iran and banking sanctions on iran and banking sanctions for example, a lot of western banks including some of the big names we know, they got fine huge amounts for dealing with iran if they were also dealing with the us. so a lot of companies including panasonic, but it has impacted the uk telecom sector with them not bringing in the latest 5g huawei handset. so that us china trade war is moving into tech. the federal reserve minutes were released. we we re reserve minutes were released. we were looking for clues in the direction of monetary policy, did we get them? i think we did in the sense that things will stay the same so there will not be a rate rise for a while and the fed is very much on pause. us interest rates, us stock markets, when that happens, you see them rise, we didn't get that
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because the trade tensions are so concerning. and with panasonic as i mentioned, it is moving into the tech sector which is a key driver of us markets. ok, stay with us, we have paper stories we will run through with you later. joining forces we look at how the new generation of youtube celebrities make a connection with global brands. we will talk to a firm who introduces the two. you are with business live on bbc news. hs2 is one of the uk's biggest and most expensive infrastructure projects. it will cost billions of pounds and, depending on who you ask, is either crucial to the future
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of our economy or a waste of money which won't benefit the areas it is designed to help. ben thompson is at the site of the new birmingham curzon street train station. welcome to birmingham, and what is the site of the new station for hs2. this will be curzon street station. where we are now is where the platforms will be. but the platforms, you may be able to work out, will run all the way down there to where the trees are, just adjacent to the west coast main line that currently brings passengers from the capital to birmingham. it is a huge job, with already concern about how much it's going to cost and how long it will take to deliver. well, with me is the boss of the hs2 project. mark thurston, good morning. look, just talk me through it, a hugejob on your hands, haven't you ? lots of work to do to deliver those final chains in 2033. you need to deliver this on budget. how? i think that's the challenge, ben. this is a project on a scale we've
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not seen and, already we got 9,000 people working on hs2. we expect that to double in the next two to three years. and probably at peak, this is going to take about 30,000 people. so in answer to your question, this becomes a national endeavour between london, the midlands and the north over the next ten to 20 years. how do you make sure that you get this right? there are so many elements to it. there are many saying we should be spending this money elsewhere, on upgrading the existing train line behind us. why spend it on a brand—new line? well, a couple of things. the government have already spent a lot of money on the existing network and the existing road network and we are about a third in the transport budget this year. investing in the existing railway is important, but it's not transformational. it's very expensive, it's very disruptive. and you can make sort of incremental changes. hs2 is transformational, it will change the way people travel. it will deal with the sort of north—south divide in our economy. and it will certainly create a metropolitan area in the north between the midlands and the north, which is desperately needed. mark, a big job on your hands, really nice to see you, thanks very much. mark thurston, the chief executive of hs2. so, clearly, a lot of work for them to do down here. this site, as we said,
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the first to be completed, and then the subsequent phases will run from here to crewe and then onto leeds and to manchester. it should cut journey times, it should add more capacity. but the big question, can they do it on budget? we'll certainly be watching to find out. your're watching business live — our top story: aviation regulators from around the world will meet today to decide when the grounded boeing 737 max will return to the skies. a quick look at how the markets are faring... european markets following their lead from asia. absolutely! everything you say, i say, absolutely, yes! victoria is talking too much sense today, i love it, i can't help myself! shall we move on? are you a hincher?
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are you a fan of dantdm? or perhaps kayla is more to your taste. no, iamavc no, i am a vc ten years too old. 20! ten years! if the answer to this is a resounding, who? — then you're probably the wrong age group. these are all part of a select band of famous online influencers — earning potentially millions from advertisers looking for access to their enormous audience of predominantly young social media followers. but if you're facebook famous — or massive on instagram — how on earth do you get connected to sponsors or advertisers? well, that's where our next guest comes in. she runs an agency teaming influencers up with some of the biggest brands in the world. jennifer quigley—jones, the founder of london—based youtube influencer marketing agency digital voices, is with us now. you are the founder of the london based youtube influencer marketing agency digital voices, you found that her many years ago? just over two so it has been a wild ride. how did everything begin for you? you are not always in the influencer
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market. no, i lived in the middle east for five years as a child and i was so obsessed with middle eastern politics and policy and really wa nted politics and policy and really wanted to work in that space. i went and did my masters at harvard in middle eastern studies learning arabic, completely different, i worked on the syria crisis. i then realised i wanted to learn and have the most skills so that in the long run, i could help these countries better. and i didn't think going on asa better. and i didn't think going on as a 25—year—old with very little work experience was a good thing to do. i applied to work in tech after reading an article in the economist that's it if you are quirky and want to learn quickly, apply for tech. i applied for a job at youtube where i was going to teach middle eastern creators how to build channels online. and they interviewed me and they said, your arabic is good, but not fluent in multiple dialects! i said, igrew not fluent in multiple dialects! i said, i grew up in london, i have been trying! i am half irish and
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half else, i am trying! they were like them that we really like you, could you work on the uk team? for two years, could you work on the uk team? for two yea rs, i could you work on the uk team? for two years, i worked with youtube creators helping them grow without spending money on adverts and growing their channels. when people talk about influencers and influencer marketing, people are thinking about instagram which is owned by facebook, but you are interested in youtube as a platform, why is that, why is there greater engagement with people on youtube than instagram? instagram is all about scrolling, so the number of times you scroll past something on your feed and you don't remember the person's name or you don't have a deep connection with them, it is quite an aspirational scroll in platform. youtube is more like a search engine. it is video and you search engine. it is video and you search for your content, and once you find it, you go through quite a long process where you choose a title and a thumbnail you like the look of, you know you want to watch that video and you click on the video and you watch with the sound on, and average on the platform it is four minutes. the average
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facebook video view is 17 seconds and it is not with the sound on. so the best way for people to tell their stories is to partner with people on youtube channels where they can say something substantive. that is where your agency comes in, you partner up you cheap influencers with big name companies, how does that work and what big names have you worked with? we have had brilliant clients. i feel we are really lucky, we worked with rolls—royce, the rail levels, the train line, universal music america really great people. they come to us and say we really need to hit this target demographic and find a way, because this young audience doesn't watch adverts. why would they watch an advert? they make a cup of tea. if they ever watch television. so out of a database software we have, it has the demographics for 8 million youtube channels. we match the customer, the target audience with the people viewing that you cheap create as channel and draw up
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a shortlist and go through it and often it is 1,000 channels on that list. we go through them and decide he matches the brand best and work with that creator and which type of video would do really well and have them deliver it and send it off. video would do really well and have them deliver it and send it offlj can them deliver it and send it offlj ca n totally them deliver it and send it offlj can totally understand if you are a influencer what is in it for you. basically, a load of money. in terms of rolls—royce for example, how did they know they are getting a proper profit and what they are getting will deliver real sales for them? this is really interesting. a couple of things, it is working with people with channels on the right niche. 0ne with channels on the right niche. one of the people we worked with. with the royal air force, one person we work with rent a channel called real engineering and every two weeks, he posted a detailed in—depth video about something in engineering. we made a video to try to inspire young people to enter a competition to design a males rover vehicle. so we were like, how did
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the access this talent? these people would not apply for a job at the royal air force and would know how to. so we partnered with brian who i’u ns to. so we partnered with brian who runs the channel to make a video about ten minutes long about how nasa reinvented the wheel. it is all about material science on the rover vehicle. this got 3.1 million organic views with an average watch time of five minutes 56 seconds. we can see where the attraction lies with big—name companies. jennifer, i am afraid we out of time. thanks for having me. always fascinating, best of luck with the business. thank you so much, it has been a joy! 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 all the day's business news as it happens on the bbc‘s business live page. there's insight and analysis from our team of editors right around the globe. and we want to hear from you too. get involved on the bbc‘s business live webpage
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at bbc.com/business. on twitter, we're @bbcbusiness. and you can find us on facebook, at bbc money. business live, on tv and online. what you need to know, when you need to know it. joining us is kathleen brooks, director, minerva analysis. now, all, let's talk about for want ofa now, all, let's talk about for want of a better word toilets. the stories on the bbc website. it is quite a serious story for so many people, especially with disabilities. it is about the recommendations by experts that we should have more female toilets in the uk compared to men's being built and more accessible toilets for those with disabilities. how difficult is it these days to find a public toilet? i ask this question on twitter and a lot of people complaining councils up and down the
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country have closed down toilets. my journey into work, i may saw two and that was it. yes, it is asking for two female loos for every male one to reflect the longer time women spendin to reflect the longer time women spend in the toilet and more cu bicles spend in the toilet and more cubicles for women because in men's you can have your rhinos and all sorts. and a lack of toilet provision is an equality issue, not just a provision that is necessary. it is down to toilet provision and not just to end it is down to toilet provision and notjust to end those terrible queues females have to engage in sometimes waiting for the toilet. we have had a lot of tweets. ray says he is 70 and has gout and an enlarged prostate, i recently lost my wife of the 44 years and i walk my wife of the 44 years and i walk my dog eddie and have to plan my work and figure out where i can use a toilet because when i need to go, i need to go. that is not right. two and five people live with medical problems that require frequent trips to the loo which has not been catered for. someone said, i have
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got type two diabetes, there are few public toilets locally and i cannot do stairs so he is sometimes forced to go ina do stairs so he is sometimes forced to go in a corner. david says vandalism keeps many closed in kent. barry says, i haven't seen one in london for years. a lot of these places are being closed down. yes, absolutely, council say they don't have the money and cuts mean they have the money and cuts mean they have to put money elsewhere. this is basic necessity, one could argue, so something needs to be done, especially based on what you just read out. this is interesting from jerome, there is a scheme in chiswick in london where cafe is and pubs that people including the homeless use their toilet and you don't have to be a customer. homeless use their toilet and you don't have to be a customerlj homeless use their toilet and you don't have to be a customer. i am also from chiswick and i would say only a few do that and the majority, you have to buy something to use the bathroom. i see. so lovely to have your on the programme, thank you so much. that's it from business live today. there will be more business news throughout the day on the bbc live webpage and on world business report. we'll see you again tomorrow.
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good morning. the weather is not going to change a great deal over the next two or three days but as we go through the bank holiday weekend, there will be subtle changes. today, another guy and mainly sunny day, and warm with sunshine. but there is rain in the forecast in the far north and north east of scotland, with a blustery north—westerly wind making it feel quite chilly. elsewhere, more cloud in northern ireland compared to yesterday, but decent sunny spells elsewhere and temperatures up to 23 degrees in the south east, but a contest in the north, about 11 degrees in the far north, about 11 degrees in the far north of scotland. tonight, we continue with a showery outbreaks of rain in the north and north east of
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scotland. elsewhere, varying amounts of cloud into friday morning. temperature is not much lower than seven or 12 celsius. not a very chilly start to your friday. but on friday, more of the same, sunny spells for many. perhaps a bit more, developing here and there into the afternoon. still some rain affecting the far north east of scotland, but in general, it eases off a bit with lengthy dry spells in the north east of scotland. 0ne lengthy dry spells in the north east of scotland. one or two showers across parts of wales, the midlands, southern england, but temperatures in the mid—to—high teens and low 20s in the mid—to—high teens and low 20s in the south east. into the weekend, the all—importa nt forecast. in the south east. into the weekend, the all—important forecast. this weather system pushes its way in around saturday into sunday for chloe —— before clearing away into bank holiday monday. a lot of fine and dry weather. this is saturday, sun chain to start off and somehow developing into the afternoon, especially into north—western areas. with that, outbreaks of rain in
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western scotland and north and northern ireland. maximum temperatures on the disappointing side in the north east. elsewhere, still getting up into the high teens and low 20s. this is sunday, probably the wettest day of the weekend as the rain move south east, with showery outbreaks of rain for much of england and wales. drier in northern ireland later in the day. and those temperatures, despite that rain, still ona and those temperatures, despite that rain, still on a parwith and those temperatures, despite that rain, still on a par with the next few days, about 16 to 21 degrees. then by bank holiday monday, that rain should have cleared away. still a few showers around on monday, but plenty of dry weather. some sunny spells developing as well. temperatures coming down a touch, not really getting above 20 celsius. goodbye.
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you're watching bbc news at nine with me, annita mcveigh. the headlines... number ten insists the government will publish theresa may's revised brexit withdrawal bill tomorrow, despite an angry backlash and growing calls for her to stand down. voting gets under way for elections to the european parliament. results will be announced on sunday. the boss of one the uk's biggest online betting companies tells the bbc that the industry hasn't done enough to look after problem gamblers. indian prime minister narendra modi's governing party has taken a decisive lead, as votes are counted after the country's marathon general election. using satellites to track down supermarket trolleys or public loos are the winning ideas in a space competition, and there's

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