this is business live from bbc news with sally bundock and maryam moshiri. the art of the deal — president trump meets business leaders and the prime minister on the second day of his state visit to the live from london, that's our top story on tuesday 4th june. another packed day for the us president. and after a breakfast meeting with uk and us business bosses, donald trump is to meet prime minister theresa may for "substa ntial" talks. and, download cancelled — apple says it will pull the plug on its itunes music service

after 18 years. we all have the latest from san jose. these are the financial markets in europe, following the lead from asia and following the big full in the valley of tech stocks. and shaking up the instant coffee business. we'll be getting the inside track on how adding flavourings to coffee has created a successful family business. also in the programme, we look at the campaign injapan calling for an end to dress codes that require women to wear high heels in the workplace. today we want to know, is there a dress code where you work? do you think it's a good thing or should be changed? let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. many of you have been in touch. my high heels are on and we wear them by choice, but many of you have to

wear certain things at work. thank you for your comments, we will discuss them later. we start in the uk, where us president trump is currently on a three—day state visit — after all the pomp and ceremony of yesterday, donald trump gets down to business on day two of his state visit to the uk. in a few hours, he will address uk business leaders — with talks on a possible post—brexit trade deal, very much on the agenda. total trade between the us and uk was worth more than $262 billion in 2018, making the united kingdom america's fifth biggest export market for goods. the top us exports to the uk last year were aircraft, precious metals and machinery. agriculture made up only a tiny proprtion of exports to the uk — with a value ofjust $2 billion. washington wants to boost that figure after brexit — saying eu regulations unfairly ban

things like chlorinated chicken and hormone treated beef. but even more contentious is the question of the nhs, the uk's national health service. the us ambassador to britain has said the "entire economy" would be included in transatlantic negotiations, which could include allowing american firms to bid for nhs contracts. ann francke, the chief executive of the chartered management institute. she the chartered management institute. joins us now. what she joins us now. we had the list of what the us would like from the uk. what do you think the two countries could get from each other? of course, there is a lot of warm words but if you look at the facts, we just saw the facts of the trading relationship, the reality is the uk trading relationship with the eu is three times that of the us. all of the reports suggest losing a common

regulatory framework with the eu would be ten times more damaging to the uk economy than any blip from a boost to us uk trade. we are seeing president trump meeting business leaders today. some pretty important ones. what is going to be discussed, given the fact we still had so much uncertainty? i think business leaders will emphasise the uncertainty, i would leaders will emphasise the uncertainty, iwould hope leaders will emphasise the uncertainty, i would hope they will make their views clear as they have that they do not support a hard brexit which is in total opposition to what president trump has advocated. they want the prime minister to respect the wish of business, not just for minister to respect the wish of business, notjust for the sake of business, notjust for the sake of business but for the citizens of the uk. what do you think donald trump is going to say to them to make them perhaps feel better about any potential trade deal with the us? he's been quite specific in saying

the uk should be prepared to walk away from the eu. yes, i think it's easy for him to say. the us is the worlds largest economy, so it's easy for him to say that. i think business leaders will be wary because they are aware that under trump, trade has been used as a fairly blunt political and ideological instrument. you seen that with mexico and china. promises made today are perhaps different than the realities of tomorrow. we've talked about chlorinated chicken and the nhs, but what positives could we glean from potential future trade deals with the us? i think clearly things like entertainment, there is a great respect for the british entertainment industry, perhaps that could get a boost. i do think we have to offset any positives with the economic reality that by far the

biggest trading partnerfor the uk remains the eu. thank you. let's take a look at some of the other stories making the news. facebook investors will only be allowed to vote on mark zuckerberg's salary every three years. it's the result of a shareholder vote last week. the facebook boss and some fellow executives hold a special class of shares which carry ten times the voting power of standard shares. some standard shareholders had wanted mr zuckerberg's salary reviewed annually. the share price in the so called faang stocks have seen their share price slump in the us. facebook, amazon, apple, netflix and google's parent company alphabet saw $137 billion wiped off their stock market value because of reports they could face anti trust investigations. no formal announcement of an investigation has been made. jay—z has been named hip—hop‘s first billionaire. forbes says his music, property, fashion and investment assets "conservatively total"

over $1 billion. the us magazine also rejected claims that fellow rapper and producer dr dre has achieved billionaire status. it's the end of an era for apple. it's scrapping its itunes music download service after 18 years. the firm also revealed a number of new privacy measures at its annual developer conference in san jose. dave lee has more. it's been almost 20 years since stevejobs introduced itunes into the world, and the world of entertainment has changed a lot since then. as many apple fans have been predicting for some time, itunes is going to be phased out and replaced instead with three separate apps, one for music, one for podcasts and one for apple's tv subscription service that's coming later this year. another significant announcement at this year's wwdc was a feature apple is calling "sign in with apple". it creates a unique e—mail address for every app you sign up with,

which means if there's a data breach down the line it's not going to affect you as much, and indeed that data isn't going to be useful for advertisers either. and, for the first time in six years, apple announced a new desktop pc. it's going to cost $5,999 to start, which means it's being aimed squarely at the creative industries, a group of people who feel they've been slightly neglected by apple in recent years. dave lee, bbc news in sanjose. apple also moving the markets. it was among the big tech stocks that saw serious fulls. this is how things went in asia today. in australia they cut interest rates to 1.25%, that's the first move on the pa rt 1.25%, that's the first move on the part of the australian central bank for three years as their economy is looking weaker. they are looking to boost growth in australia. in

europe, you can see declines across the board which follows the mood in asia. on the ftse 100, the board which follows the mood in asia. on the ftse100, shell is bucking the trend. it's handing out dividend payments to shareholders over five years worth $125 billion. people are buying shell shares today. no surprise to hear about that. and michelle fleury has the details of what's ahead on wall street today. some of the biggest names in technology saw their shares tumble at the start of the week, dragging down the tech—laden nasdaq market site. now, the sell—off was sparked by the prospect of greater regulatory scrutiny. us anti—trust enforcers have apparently carved up jurisdiction for possible investigations into google, facebook, amazon and apple. sticking with the tech sector, salesforce.com is expected to report a rise in first—quarter revenue, this is thanks to demand for its cloud—based product which is expected to help boost the software maker's bottom line.

the upscale jeweller tiffany reports first—quarter profits. a decline in spending by tourists, especially chinese shoppers, is expected to dent sales. no doubt investors will want to hear more from the chief executive on how rising tensions between the us and china will affect its business in the longer term. and the us labor department is likely to report factory orders that contracted by almost one percentage point in april, that's compared to a surge the month before. joining us is sue noffke, uk equities fund manager at schroders. lovely to have you on the programme. let's talk about financial stocks, in particular tech stocks. the big faang stocks. talk us through why their share prices are falling. there are rumours, speculation that regulation is going to come their

way in the us. there have been in the past incursions with the regulators in europe and they've been able to negotiate their way around that. but this is really the first time us regulation has come into focus, and it's about their market dominance and whether that's good for consumers or not. what may have investors worried is there is support on both sides of the house. this is pursued by both republicans and the democrats, which is quite unusual to have that degree of policy support. the question are will regulation impact their profitability, these companies are super profitable, super—sized. profitability, these companies are super profitable, super—sizedm you add to that, some of the other worries, for the manufacturing data out in the states that was quite wea k yesterday, out in the states that was quite weak yesterday, some other economic news and comments from the federal reserve, there's a lot to worry

markets. the question is, policymakers going to be pressure to respond in terms of interest—rate cuts? we've moved from the beginning of the year taking rises of the table to know markets beginning to price in a couple of cuts in the second half of the year. price in a couple of cuts in the second half of the yearlj price in a couple of cuts in the second half of the year. i hadn't taken note second half of the year. i hadn't ta ken note of second half of the year. i hadn't taken note of your shoes. high heels 01’ taken note of your shoes. high heels or not? load today, i might change into high heels when i get to the office. i don't tend to walk in high heels very well. still to come — shaking up instant coffee. we'll be getting the inside track on how adding flavourings to coffee has created a successful family business. you're with business live from bbc news.

i'm sure we don't need to tell you, if you're a retailer in the uk on the high street, it's a really tough time at the moment. the british retail consortium said sales fell by 3% in may — the lowest figure since the monthly survey began in 1995. big department chains have been sufferiung too, and last month celebrity chef jamie oliver's restaurant went into insolvency. it would seem every area of the high street is under pressure. helen dickinson obe, chief executive british retail consortium joins us now. very disappointing annual sales as well, how much has that got to do with the market right now and the fa ct we with the market right now and the fact we saw a strong may last year? it's a bit of both. so, may last year was very strong. you may remember we were basking in glorious sunshine, we had the lead up to the world cup, we had the excitement of the royal wedding. there were very strong figures last year, so we were

expecting the figures to look a bit down. actually, underneath it, what we can see is there is a longer term trend of real sluggish demand out there from consumers. i think that isa there from consumers. i think that is a function of the political uncertainty of the backdrop we are all seeing, and also really about how much money people have got in their pockets. the consequences are playing out in many retail businesses. i know it's hard to say, but if he were to look into your crystal ball, in five years, what will our high streets look like? every day we are reporting on more companies that are having to close, insolvency, bankruptcy. big chains, manyjobs at risk. insolvency, bankruptcy. big chains, many jobs at risk. indeed. we are seeing job losses, store closures, the coming together, the perfect storm of technology changing the way people shop. i think we need to think positively about reimagined high streets of the future, so there

will be fewer shops but there will still be retailers operating on our high streets. there are many that continue to do so successfully. we will see perhaps better care in the community, more shops converted into housing, more of an experience rather than just the transaction of shopping which perhaps its been based on before. but that reimagining needs government support to enable it to happen effectively. thank you. you're watching business live — our top story. president trump will meet prime minister theresa may for "substa ntial" talks on the second day of his state visit to the uk. they will be talking about a trade deal and life after brexit. will it

be croissant and orange juice or a hot cooked breakfast? pancakes with maple syrup and baking? —— bacon? i'm getting hungry thinking about it. a quick look at how the markets are faring. we are seeing losses across the board but shell shares are up thanks to news of lovely dividend payments coming for shell shareholders. more people are drinking more coffee than ever before, according to the un's food and agriculture department, with more than 50 countries producing it. and agriculture department, with around two billion cups of coffee are drunk every day worldwide. and one company to take advantage of this is little's coffee. its md has gone from from graphic designer to coffee producer, in a bid to liven up instant coffee. a second—generation family run business, little's was founded in finland over 30 years ago. roasting their own beans back home in finland and infusing them with flavour extracts from their favourite ingredients, little's now offers 13 different flavoured coffees.

with us is will little, managing director, little's coffee. he has brought some coffee as well. i haven't tried it, because i don't like coffee! i have to say, i love coffee! here we are. your mum and dad started this company 30 years ago. he didn't want to go near it, it wasn't on your radar as something you would do but you changed your mind to stop a yes, like any good suni mind to stop a yes, like any good sun i fled the nest and had no interest in the family business. i wa nted interest in the family business. i wanted to carve my own path so i went to uni and got a job in london asa went to uni and got a job in london as a graphic designer. my wife at the time was working as a fashion designer. no interest in coffee or the family business. in london, i started to rediscover coffee. back in 2009 there was a coffee renaissance happening in london, the third wave of coffee if you like. i

was going to these new cafe is and it was reminiscent of home, but guys with beards and tattoos making coffee. it was cool and different and new. when the opportunity came to go back to devon to help my pa rents, to go back to devon to help my parents, the prospect of returning there seemed pretty appetising. parents, the prospect of returning there seemed pretty appetisingm is instant coffee with flavouring. what's interesting is, i thought nowadays more of us are moving towards freshly ground coffees. why is the instant market appealing? it's one of the sectors where we can have the biggest impact. what's amazing about instant coffee is while people think everyone is going off it and going to fresh ground and real coffee, still 75% of the retail market is instant coffee. there is a lot of work to be done there. the problem is it's a very uninspiring

sector. it's a bit boring and there's not a lot of differentiation and innovation. i'm excited by the fa ct we and innovation. i'm excited by the fact we can make a big difference and offer something genuinely different. it's been around for 30 yea rs different. it's been around for 30 years and neither of us had heard of it. you've got big competitors out there like azeera and nescafe. lots of well—known brands. how do you get noticed? we share shelf space, that's a tongue twister, with some of the biggest companies on the planet. we had stiff competition and it's hard. we are tiny and independent. last year we turned over1.6 independent. last year we turned over 1.6 million. we are proud of that but i competitors are earning billions. a lot of them at least. the reason you haven't heard about us the reason you haven't heard about us is because we are growing organically and doing what we can. 35% of your sales are exported, where is your coffee drunk the most?

russia is good for us, south korea, scandinavia. europe is our main collectively where most of our exports go. you import your raw materials from germany, so the coffee refine comes in and you turn it into your product and sell it out. you prepared for brexit but it looked like it could be really bad for your company under wto rules. that would have meant a 9% tariff on all the instant coffee we import which is about 70—80%, everything we buy is instant coffee itself in germany. what do you pay now? nothing, no tariffs, nothing. the problem is as well that out of the 35% we export, 30% of that is within europe and there would have been another 9% going out. they would

have been a 19% cost increase to all of our customers, that would have been bad news. thank you. many corporate firms around the world enforce strict dress codes — but one japanese woman is taking a stand. the actor and writer yumi ishikawa has launched a campaign urging the government to ban companies forcing women to wear high—heel shoes to work. she has handed in a petition signed by nearly 20,000 people. she began her campaign after she was forced to wear high heels while working at a funeral parlour. ramzan karmali reports. yumi ishikawa, the woman forced to wear high heels for a part—time job in a funeral parlour. now she's campaigning. she wants the japanese government to ban firms from forcing women to wear high heels to work. many women feel they should wear heeled shoes in the office or whenjob hunting, so i wanted to change the situation in japanese customs. miss ishikawa handed in a petition signed by around 19,000 to the ministry of health. her campaign has been named #kutoo on social media, to mimic the #metoo movement.

it's also a play on two japanese words meaning shoe and pain. this isn't the first time a campaign has been launched to change dress codes that work for women. in 2015, a london receptionist was sent home from work without pay after she refused to wear high heels. nicola thorpe set up a petition calling for uk dress code laws to be changed. this was never just about a pair of shoes. it's about how women are viewed in the workplace, that there's so much pressure on women notjust to look professional but to look attractive. following media coverage, the firm that sent miss thorpe home changed their policy on high heels. in 2017, a canadian province scrapped the dress code which required female workers to wear high heels. the government of british columbia said forcing women to wear them was not only a form of discrimination, but that wearers faced a risk of physical injury from slipping orfalling as well as possible damage to their feet, legs and back. ramzan karmali, bbc news.

sue noffke from schroders joins us again. this is really interesting because obviously the ability to choose what you wear to work isn't enjoyed by many people. police officers, airline pilots. why should certain women be any different? i'm playing devils advocate. it's around the quality of choice. when yourjob description requires you to wear high—heeled shoes as a woman. so, this instance was in a funeral parlour. is it necessary in the same way as airlines have been challenged and have capitulated over high heels and have capitulated over high heels and make—up? and have capitulated over high heels and make-up? we got a lot of people writing about this story. one theory says, it could harm health

and affect productivity. another viewer says, high heels can cause blisters, and cause unnecessary pain. there are formal flat shoes i would be happy to wear but such extremely uncomfortable dress wear is discriminatory. another viewer says, can you imagine a plate turning up to a meeting in a suit and a pairof turning up to a meeting in a suit and a pair of trainers? —— a bloke. it's quite interesting because i believe it was either goldman sachs 01’ believe it was either goldman sachs or morgan stanley, they are changing their dress code for some of their staff because they actually feel they want to be less formal with their clients. there has been generational change as well. a lot of the time it is customer facing situations or customer facing staff that have dress codes applied. a lot of firms are having to look at their policies for both their male staff

members and female staff members and to make sure they are comparable. many have said to me this morning, sally, you always wear high heels when presenting. i do but i enjoy it and i'm not. do it, and i'm only in the studio for a few hours a day. and i'm not. do it, and i'm only in the studio for a few hours a daylj only wear heels in the workplace. another viewer from china says, only wear heels in the workplace. another viewerfrom china says, i've never heard of such a ridiculous law. another viewer says, wearing high heels is bad for health. another viewer says, make men wear them. some like wearing them! thank you for your time. thank you for your company as well. we shall be live from st james your company as well. we shall be live from stjames palace your company as well. we shall be live from st james palace and downing street as we keep you across day two of the official state visit of the president of the usa. but by

_by of the president of the usa. but by —— by by. while there is a lot of dry weather around to begin with, most places seeing rain edge in. it's already starting to make in raids across parts of wales and south—west england, courtesy of this area of low pressure feeding in from the south—west. the rain is working its way through south—west england up into wales and north—west england and gradually through the day that will move north and east. the best of the dry weather the further east at the moment but as the day goes on we could see heavy showers push up from the south. the best of the dry

weather at the further north you are across the northern isles remaining fairly blustery. light winds elsewhere, temperatures around 11. we could see 21 in the far south—east of england. overnight, this is our area of rain, stretching through northern ireland into northern england and scotland. at times this will be quite heavy. elsewhere, dry with clear spells and a few patches of mist around on wednesday morning. temperatures between 7—12. tomorrow the rain out staying its welcome, still stretching through northern ireland and into scotland. we could see heavy and persistent bursts. elsewhere, finance dry weather although there will be one or two showers here and there —— fine and dry weather. temperatures below average for the time of year. into thursday, low pressure sending rain moving up the eastern side of the uk

becoming quite heavy and persistent across scotland. stretching down into northern ireland. we could have some heavy and thundery showers. temperatures once again fairly disappointing for the time of year. into friday, remaining unsettled. low pressure systems sending up another area of rain. skirting up the east coast of england and scotland. it remains unsettled as we head through the weekend with rain at times. temperatures below par for the time of year.

this is bbc news at 9 o'clock. i'm annita mcveigh in downing street, where president trump is due on day two of his state visit as the focus turns to business and politics after the pomp and ceremony. toasting the "eternal friendship" — last night, the queen and donald trump celebrate the alliance between britain and america. this morning the president is meeting business leaders before holding talks with theresa may and her senior ministers to discuss climate change, huawei and iran. i'm joanna gosling at buckingham palace, where president trump is due to arrive shortly to begin the second day of his visit. but not everyone is happy to see him —