and bringing ceta, working on ceta, as becoming the first of the bilateral trade relationship betweenset up and we will have a working group that will look at the details of how that will look at the details of how that transition will operate in detail. also for canada and the united kingdom in a specific way. translation: ceta will be provisionally implemented, thereby eliminating over 90% of international trade barriers between canada and the european union and especially between canada and the united kingdom. this will be the basis from which we will work on an agreement between canada and the united kingdom after brexit. we will work on this transition over the next couple of years and we will discuss how we will do this. we need to respect eu rules with regards to negotiations. ceta is coming into force, it is therefore reasonable, asa force, it is therefore reasonable, as a first post brexit step to take ceta and its opportunities for the good of our workers, so that we can make sure there is a transition, and undisturbed transition, during brexit. you both talked about progres

there were some concerns about ceta.ioned, there were protests in europe about environmental concerns and that kind of thing. but in terms of the impact of this new trade deal, what is the benefit for businesses trading between europe and canada? the jihad line takeaways are 90% if not more of the restrictions. —— the key headline. if you eliminate tariffs, then you will also be able to drive up trade, the direction between the two economies, and help them prosper and grow into the future. a similar example, mackerel is subject to a 20% tariff before it goes into the uk. that will go. so, it will be cheaper! and alcohol duties going to canada will be reduced as well. so the 40 canada will be reduced as well. so the a0 billion market will be open to the uk exporters as well. yes. so, more fish and more booze. thank you for getting up so early for us. and now the fed. . the federal reserve is to start running down some of the $a.2 trillion of bond investments it made to boost the us economy after the financial crisis. the

also in the programme: eight years in the making and mired in controversy — today the ceta free tradetween the eu and canada finally comes into force. but can the uk still reap the benefits, post—brexit? and the markets are up slightly at the moment in europe, not overexcited by moves from the worlds most powerful central the fed big brother is watching you! businesses now have more personal information than ever before, but how are they using it? we'll hear from the boss of an analytics company later in the programme. and as the music industry has bounced back after a decade of falling sales, thanks to a boom in streaming services today, we want to know — how do you listen to music? do you stream, download or buy cds and vinyl? let us know, use the hashtag bbcbizlive. hello and welcome to business live. as usual we are jam—packed so let's get started! we start in taiwan — where in the last few hours smartphone maker htc has struck a billion—dollar deal with alphabet — the company behind google. shares in the taiwanese company were suspended on reports google was planning a take—over

it's called the comprehensive economic and trade agreement, or ceta.. trade in goods between the two sides was worth around $77 billion last year. the eu is canada's second biggest trading partner after the us, buying almost 10% of its exports. and that is set to grow, as the deal will eliminate the vast majority of tariffs, or customs charges, on goods and flowing between the two sides. it poses a bit of challenge for britain, which led the way in negotiating the deal but will no longer be part of it when it leaves the eu. on a visit to canada earlier this week, uk prime minister, theresa may, promised a "seamless transition" to a new trade deal with canada, although nothing can be formally negotiated until the uk actually leaves the eu. we will be getting the views of the head of the canada—uk chambers of commerce in 20 minutes' time. and the other stories. i'll be back. spain's prime minister has urged catalan separatists to respect the law after protests were held in the catalan capital, barcelona. they were aimed at the national government's attem

that for us was where we were on ceta and why we feel like we are getting to the finish line now. something we have done in all her trade deals. the president of chile was supposed to be here and we just updated our own free trade with chile with the first-ever gender section in the trade deal, first ever trade deal with the gender section with that country. these are the kinds of things people are looking at to make that case that trade can be a positive force for citizens and workers, not just for the economy writ large. that is at the core of the argument. >> that would be the new standard of trade agreements, not the usual kind of let's eliminate barriers, but also deal with many other issues. >> blurring tariffs and eliminating barriers is part of wickmayer but making sure while we are doing that we are creating opportunities for people to succeed. christine: let me turn to you, prime minister of the netherlands, you are obviously part of this agreement. and i know that you are concerned with making sure that that growth, the benefits of trade will be included and clearly, do

ceta will expand opportunities for businesses, create goods well paying jobs for workers and deliver meaningful economic growth, the kind you have growth that benefits all of our citizens, not just the wealthiest. we have the opportunity and i would argue that we have the responsibility to ensure that trade agreements include strong provisions to safeguard workers' rights to, protect the environment and to ensure that the benefits of trade are felt more broadly. because when we do that, we don't just grow our economies. we live up to our values. we say to ourselves and to each other that good enough just isn't good enough. and that better is always possible. >> translator: and it is always possible to do better when people are at the heart of the decisions we take. people as the theme of this general debate reminds us are the key which will enable us to build a peaceful and prosperous future. it is a future we all hope for for ourselves, for our children, for our grandchildren. it is a future which the indigenous people in canada and elsewhere in the world have the right to take part

plus eight years in the making and mired in controversy, today, the ceta free trade deal between the

let's talk about canada, theresa may was in canada, they have put the finishing touches to ceta, their would continue to apply with uk trade with canada after brexit, but the other thing could be it could be a model but tamim the uk and the remainder and the eu as a new trade model. —— between the uk and the remainder of the fourth and the remainder of the eu. new trade model. —— between the uk and the remainder of the eu. i think most people would tell you this is still not as closer relationship, not the same degree of regulatory relationship as you get as being pa rt relationship as you get as being part of the eu or the economic area which includes norway and a few others. as regards these bilateral agreements between big trading blocs, is this a high watermark? is this the end of the phase?” blocs, is this a high watermark? is this the end of the phase? i do wonder, there is certainly a lot of domestic political resistance to these agreements in the eu, which has slowed them down. in the united states we have got a new scepticism about the type of agreement at the trump administra

is -- ceta, which is coming into effect tomorrow -- the canada-european trade that and, we inheritedt was in real trouble. we needed to make it more progressive and shift the frame around. changes around the investor-state dispute over thes, with environmental standards, the labor standards, the gender aspect. we got people to realize that good, progressive trade deals that are focused on including everyone and not just multinationals and the country's 1%, the bottom line, but actually citizens and workers, is a way to move forward in a growth that will include everyone in a way that is really tangible. that, for us, was where we were and why we are getting to the finish line now. but it is something we have done in all of our trade deals. the president of chile was supposed to be on this panel, and we just updated our trade deal with the first ever gender section for a g7 country. this is the kind of thing that people are looking for to make that case that trade can be a positive source were citizens and workers, and not just for "the economy" at large. grexit that would be the new

ceta eliminates 90% of trade barriers between canada and the european union, president trudeau -- primell be a smooth transition post brexit. kahn says it is not sustainable for the u.k. government to keep cutting police budgets and keep cities like london safe. >> they respond and an ,dditional two police officers the government making these cuts to london as we been doing since 2010. the mayor added londoners will see an enhanced police president. the trump administration has withdrawn a proposal to let president erdogan's security guards by $1 million worth of american-made weapons. lawmakers began expressing strong opposition to this sale after a violent incident caught on camera in may outside the home of the turkish ambassador to washington. 19 people including 15 identified as turkish security officials have been indicted by a federal grand jury for attacking peaceful protesters. news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. scarlet? scarlet: tax reform could affect 401k's. we'll speak to bob re

the deal known as ceta will cut 98% of tarrifs. conference she had to respond to this question about what her foreign secretary had been up to. your foreign secretary has been accused of back—seat driving. can you say that you are truly in command of your cabinet and brexit policy, and will you ignore back—seat driving in the future. policy, and will you ignore back-seat driving in the future. the uk government is driven from the front and we all have the same destination in our sights. that is getting a good deal for brexit with the eu. that is a good trade deal, but also a good ongoing relationship in relation to other matters like security. i have spoken in the past of the deep and special partnership that we want to build with the eu. i believe that is not only in the interests of the uk, but also the remaining 27 member states of the eu as well. that is what we are working for. a short time ago i spoke to the question ask about her weaknesses and herfailure question ask about her weaknesses and her failure to set out a plan on

we have pisces, ceta aries. i can't tell which is which. >> they're famous. >> very cool. the show of the iphone eight early review what do you think for the new phone itself. >> nice and fast i had an older model but nice and fast responsive. nice pictures. supports all these new kinds of apps. much bigger memory 256 gigabytes lots of videos lots of photos. things that we're doing now a days. incremental upgrade but a nice upgrade nonetheless. >> pete erickson, thank you very much, back over to pisces, aries and something. >> sagitarrius. >> would you wait for the ten. >> that's what i wanted to know. >> yes. okay. when you think of the material girl you think madonna, right. >> but when you think of the all new material girl, that's comedian and author jenn kirkman and this morning she's joining us live from off her show at the howard theater. it's 9:41. we'll check in with her next. ♪ i'm a lawyer, and i have clients, and i am proud to do what i do on behalf of my clients. narrator: the clients john adams and his team are so proud to work for? banks accused of money lau