Browse content similar to 05/11/2015. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with | :00:00. | :00:00. | |
Facebook says it's added 60 million new monthly active users | :00:00. | :00:18. | |
in the third quarter and saw profits jump 11%. | :00:19. | :00:20. | |
Live from London, that's our top story on Thursday the 5th November. | :00:21. | :00:38. | |
With 8 billion videos watched every day on Facebook, twice as many | :00:39. | :00:45. | |
the social media giant is been touted as a potential competitor | :00:46. | :00:49. | |
Egypt's tourism industry takes another blow | :00:50. | :00:52. | |
as the UK halts all flights between Britain and the holiday | :00:53. | :00:55. | |
As always we will be looking at the markets. Janet Yellen said a rate | :00:56. | :01:14. | |
rise is alive. As the number of high profile | :01:15. | :01:17. | |
companies falling victim to cyber crime grows, we ask what | :01:18. | :01:21. | |
can you do to protect yourself? A question we will be putting to | :01:22. | :01:24. | |
Marcin Kleczynski, Founder and CEO of Malwarebytes who joins us live a | :01:25. | :01:30. | |
little later. Would having more time off make | :01:31. | :01:34. | |
you more productive at work? The boss of Netflix takes six weeks | :01:35. | :01:41. | |
off for that reason. Let us know. I'm going to test the taking more | :01:42. | :01:44. | |
time off, let's see how that goes. Facebook has announced | :01:45. | :02:00. | |
its quarterly results and it appears the social media giant has investors | :02:01. | :02:04. | |
clicking the Like button. The tech giant says its profit | :02:05. | :02:07. | |
in three months to September jumped 11% year-on-year to $891 million, | :02:08. | :02:10. | |
as advertising revenues soared - Facebook also says the number | :02:11. | :02:12. | |
of monthly active users That's 14% higher | :02:13. | :02:23. | |
from a year earlier. Since the beginning of the year | :02:24. | :02:28. | |
Facebook's stock price has climbed more than 30% - and in October | :02:29. | :02:31. | |
passed the $100 dollar a share mark. Video has also been | :02:32. | :02:36. | |
a huge growth area, with users watching 8bn videos every day, | :02:37. | :02:38. | |
twice as many as they did in April. Eleni Marouli, Senior Technology | :02:39. | :02:50. | |
Analyst at IHS joins me now. Impressive numbers, aren't they, | :02:51. | :03:02. | |
give us your initial reaction to what Facebook said? 70% growth in | :03:03. | :03:13. | |
mobile, so mobile is clearly driving the big advertising growth. Without | :03:14. | :03:17. | |
that, it would have declined. 1 billion daily active users are now | :03:18. | :03:21. | |
looking into Facebook every day, and that is interesting in absolute | :03:22. | :03:31. | |
terms but in relevant terms. Today, 65% of active users are looking in | :03:32. | :03:36. | |
every day. It is incredible. You use it? I don't. Apparently | :03:37. | :03:44. | |
there is a fan site out there with three people! Video is the focus, | :03:45. | :03:51. | |
this is taking on the likes of YouTube? That is the plan. Video is | :03:52. | :03:57. | |
the main focus of all tech companies this year, both in terms of | :03:58. | :04:03. | |
contracts and also the advert offerings. A lot of online companies | :04:04. | :04:14. | |
are targeting big brand budgets. If they want the big brand budgets, | :04:15. | :04:21. | |
they have to attract them. Where next for Facebook? They have reached | :04:22. | :04:27. | |
saturation in North America and Western Europe. Mark Zuckerberg was | :04:28. | :04:30. | |
recently in India where he got rock star welcome saying I will connect | :04:31. | :04:34. | |
you to the Internet somehow, they are thinking about the emerging | :04:35. | :04:39. | |
markets? They are trying to connect the world and connect them through | :04:40. | :04:43. | |
Facebook. Revenues are still pretty stagnant air. In the US, in the last | :04:44. | :04:49. | |
quarter, sorry a year ago, it was $7, to date is $11. In the | :04:50. | :04:56. | |
developing world it was 85 cents and is now 95 cents so the growth is | :04:57. | :05:01. | |
still pretty small. The growth is important. Tell us about China. You | :05:02. | :05:07. | |
think that Facebook is banned in China. Facebook does not exist on | :05:08. | :05:12. | |
the consumer front but it is one of the biggest markets in terms of | :05:13. | :05:17. | |
advertising. A lot of companies outside China are using Facebook as | :05:18. | :05:21. | |
an effective platform. They recently did an advert for the African market | :05:22. | :05:26. | |
but they made it in a particular way where, if you don't have great | :05:27. | :05:31. | |
coverage or the streaming power... They are investing in user groups | :05:32. | :05:37. | |
and also in ad formats. They launched the Facebook slide show | :05:38. | :05:45. | |
which is a primitive app for people with two G connection. It is | :05:46. | :05:49. | |
Facebook Lite. Thank you for coming in. There is a lot more on our | :05:50. | :05:51. | |
website as well. Janet Yellen, | :05:52. | :05:53. | |
chair of the Federal Reserve has told a Congressional committee that | :05:54. | :05:57. | |
a rise in US interest rate in US interest rates have been | :05:58. | :06:02. | |
near zero since December 2008 and Ms Yellen has previously said | :06:03. | :06:09. | |
that rates were likely to rise Shares | :06:10. | :06:12. | |
of Japanese airbag supplier Takata have plunged 21%, extending a sharp | :06:13. | :06:19. | |
fall from the day before when top customer Honda Motor said it would | :06:20. | :06:23. | |
stop buying a component at the heart Takata shares slid to | :06:24. | :06:26. | |
the lowest level since April 2009 The shares have fallen by nearly | :06:27. | :06:31. | |
a third over the last two days. The credit rating agency Moody's has | :06:32. | :06:39. | |
downgraded Volkswagen saying its emissions crisis is now having | :06:40. | :06:41. | |
a direct impact In the UK, | :06:42. | :06:44. | |
they're expected to have fallen 8%. Shares in VW have also plunged | :06:45. | :06:49. | |
after the company admitted that the diesel emissions scandal had | :06:50. | :06:54. | |
widened to include petrol engines. Let's take a look round the world | :06:55. | :07:01. | |
at what's business stories are A lot of companies have been | :07:02. | :07:16. | |
releasing their results. This one is AstraZeneca. Not long ago it was | :07:17. | :07:23. | |
being wooed by Pfizer of the United States. But AstraZeneca fought off | :07:24. | :07:27. | |
Pfizer. Today, shares are up almost 3% in London as it raised its | :07:28. | :07:34. | |
full-year profit forecast. Revenues are just under $6 billion. But as | :07:35. | :07:38. | |
for of temper cent compared with the same period last year. AstraZeneca | :07:39. | :07:42. | |
one of many companies in pharmaceuticals around the world | :07:43. | :07:45. | |
where there is a lot of consolidation going on. | :07:46. | :07:53. | |
That is what I was trying to find. We are talking about the Japanese | :07:54. | :07:58. | |
auto-maker who says Strong sales, cost cuts. It is easy to make money | :07:59. | :08:04. | |
when you are cutting jobs. And also when the currency is weak. | :08:05. | :08:16. | |
We can talk about Toyota in a bit more detail now. | :08:17. | :08:24. | |
Ashleigh Nghiem is in Singapore. | :08:25. | :08:31. | |
While sales have been declining, with just under 5 million units sold | :08:32. | :08:37. | |
globally, the company has been trying to cut costs as you say and | :08:38. | :08:42. | |
ramp up productivity. Another factor in the profits jump is, as you said, | :08:43. | :08:47. | |
steep slide in the yen which has helped Japanese auto-makers to be | :08:48. | :08:52. | |
more competitive overseas. The weak Japanese currency has offset | :08:53. | :08:56. | |
slowdowns in south-east Asia and emerging markets. Toyota is dominant | :08:57. | :09:01. | |
in this region but currently faces challenges in two Southeast Asia's | :09:02. | :09:11. | |
emerging markets in Thailand. Good on you, thank you, we will talk to | :09:12. | :09:17. | |
you soon. Let's stay with the markets. | :09:18. | :09:20. | |
Only one story dominating, we have touched on that already, the big | :09:21. | :09:27. | |
boss of America's Federal bank, Janet Yellen has said that a rate | :09:28. | :09:39. | |
rise is alive. The US interest rate rise hike would ordinarily be seen | :09:40. | :09:44. | |
as the sign of the global economy but now coming at worst time for the | :09:45. | :09:53. | |
export oriented Asian countries. And those countries with a lot of US | :09:54. | :09:57. | |
dollar debt will have to scrape more money together to pay off the debt. | :09:58. | :10:02. | |
Let's have a look at the other board while I am waffling on. They will | :10:03. | :10:07. | |
have to find more money because US intranets rate rise will increase | :10:08. | :10:10. | |
the value of the dollar. Let's find out what will make the business | :10:11. | :10:15. | |
headlines over there today. Food giant company Heinz is slimming | :10:16. | :10:26. | |
down stock the maker of Jell-o said it was closing seven factories over | :10:27. | :10:30. | |
the next two years to make its business more competitive. Disney | :10:31. | :10:35. | |
reports fourth-quarter results after the markets closed. Investors are | :10:36. | :10:41. | |
waiting for an update on the struggling sports update ESPN which | :10:42. | :10:44. | |
is in the middle of an organisation. And DreamWorks recent contract with | :10:45. | :10:49. | |
Netflix is expected to push up costs leaving analyst less than excited | :10:50. | :10:52. | |
about Hollywood studio's third quarter. The social media giant | :10:53. | :10:59. | |
Facebook saw a spike in profits on the back of increased advertising | :11:00. | :11:00. | |
sales. Thank you. | :11:01. | :11:03. | |
Joining us is Tom Stevenson, Investment Director at | :11:04. | :11:05. | |
Always good to see you. As Aaron keeps saying, Janet Yellen is making | :11:06. | :11:16. | |
the headlines. Your response on that? Janet Yellen basically said a | :11:17. | :11:23. | |
rate rise in December is now on the cards. The key figures between now | :11:24. | :11:28. | |
and December are the non-farm payrolls, implement data and the | :11:29. | :11:32. | |
first of those is tomorrow. If that comes in at 280, 300,000 jobs, that | :11:33. | :11:38. | |
is a very good sign that we will get a rate rise in December. It is hard | :11:39. | :11:46. | |
to step back from this. Now you will have to explain about super | :11:47. | :11:54. | |
Thursday. We have a deluge of data? A positive blizzard of data coming | :11:55. | :11:58. | |
in today. We get the announcement of the interest rates decision. We also | :11:59. | :12:03. | |
get minutes from the meeting at which that decision was made. And | :12:04. | :12:08. | |
crucially, we get the inflation report which is the Bank of | :12:09. | :12:13. | |
England's look ahead to its growth expectations and the inflation | :12:14. | :12:16. | |
expectations. An awful lot of data to crunch today in the UK. What will | :12:17. | :12:22. | |
it tell us? We won't get a movement in interest rates. We may get some | :12:23. | :12:27. | |
change in the balance of votes, between those who say don't move now | :12:28. | :12:31. | |
and those who say we need to move immediately. What we are likely to | :12:32. | :12:37. | |
there is very little inflation pressure. Growth is pretty steady. | :12:38. | :12:41. | |
That means we will get a rate rise but probably not until the first | :12:42. | :12:45. | |
quarter or until halfway through next year. Thank you, Tom. Tom will | :12:46. | :12:50. | |
return in about five minutes time. We get our money 's worth! We bleed | :12:51. | :12:53. | |
him dry! Our next guest is a man who knows | :12:54. | :12:54. | |
a thing or two about computer viruses, worms, Trojan horses, | :12:55. | :13:00. | |
and other malicious programs. The founder of Malwarebytes | :13:01. | :13:02. | |
joining us live in a few minutes. You're with Business Live from | :13:03. | :13:05. | |
BBC News. And now a look at some | :13:06. | :13:10. | |
of the stories from around the UK. There's anticipation | :13:11. | :13:13. | |
on the streets of Bradford - and it's been building for over | :13:14. | :13:15. | |
a decade - as a new shopping centre The centre has been little more than | :13:16. | :13:18. | |
a hole in the ground since 2005 - Ben Thompson's having | :13:19. | :13:26. | |
a look round this morning. The glamour of it all, Ben! Yes, | :13:27. | :13:43. | |
good morning to you both. Welcome to Bradford. This is not just any | :13:44. | :13:47. | |
shopping centre, it has been ten years in the making. This place has | :13:48. | :13:51. | |
been a hole in the ground in the centre Bradford for ten years. They | :13:52. | :13:54. | |
knocked down all the shops and offices and then the financial | :13:55. | :13:59. | |
crisis hit and the work stopped. They finally got it together. The | :14:00. | :14:02. | |
economy is growing again so they have been able to reopen this place | :14:03. | :14:08. | |
and it reopens today at ten o'clock this morning. The anticipation is | :14:09. | :14:11. | |
building. What does it mean for Bradford? Then is with me from | :14:12. | :14:17. | |
Centres for Cities. What does it mean for Bradford? When we are | :14:18. | :14:24. | |
talking about the dissenter locations, the prime location that | :14:25. | :14:27. | |
this centre has will be very important for Bradford's economy. We | :14:28. | :14:33. | |
have a good chance of attracting more people into the city centre of | :14:34. | :14:37. | |
Bradford which will be good for the long-term economy. It is a bit of a | :14:38. | :14:42. | |
chicken and egg thing. Do you need to build this place and then the | :14:43. | :14:48. | |
people come or what comes first? Bradford clearly still has some | :14:49. | :14:53. | |
pretty substantial challenges ahead. Skill levels are low and long-term | :14:54. | :14:57. | |
unemployment is high. What this at least does is create a feel-good | :14:58. | :15:02. | |
factor around the city. Compared to the situation we have had over the | :15:03. | :15:07. | |
last ten years, the brand of Bradford can benefit from this and | :15:08. | :15:11. | |
more investment can be secured in the future. Thank you. This really | :15:12. | :15:16. | |
is the challenge. This place opens at ten o'clock. The big question is | :15:17. | :15:20. | |
whether it can get the people here. Bradford suffers from being in the | :15:21. | :15:23. | |
shadow of its bigger neighbour leads so hopefully this place can bring | :15:24. | :15:28. | |
back some investment here. Good on you, Ben, talking of | :15:29. | :15:32. | |
bringing something back, bring out something back! | :15:33. | :15:41. | |
Morrison sales have slumped 2.6% in the three months to the end of | :15:42. | :15:51. | |
September. You are watching business live, our top story, Facebook has | :15:52. | :15:55. | |
done it again, posting some strong profit and revenue growth, an | :15:56. | :16:01. | |
important spike in mobile users and advertisers that lifted its stock to | :16:02. | :16:05. | |
an all-time high. We just need to do that really. Let us talk about | :16:06. | :16:11. | |
cybercrime, increasingly we have been seeing a growing number of | :16:12. | :16:16. | |
high-profile firms being victim of cybercrime, it is no surprise at all | :16:17. | :16:19. | |
that small and large businesses are looking at ways to protect | :16:20. | :16:22. | |
themselves from the threat of hackers. Our next guest has seen the | :16:23. | :16:31. | |
benefits of all of that. The founder and CEO of this company, it is an | :16:32. | :16:35. | |
application that finds and moves malicious programmes from computers | :16:36. | :16:40. | |
running Microsoft Windows, and Apple operating systems. Soap malware | :16:41. | :16:47. | |
includes things like computer viruses, Trojan, ran somewhere, | :16:48. | :16:53. | |
spyware, scare where, he goes on and on. He was only 14 years old when he | :16:54. | :16:59. | |
wrote his first version, in 2004 after picking up a virus on his | :17:00. | :17:04. | |
parents computer. To date, the product has been dying -- downloaded | :17:05. | :17:11. | |
over 500 million times and has removed over 5 billion pieces of | :17:12. | :17:16. | |
suspicious software, in January, still only 25 years old, he was | :17:17. | :17:24. | |
named in the Forbes 30 under 30 stars of technology. He is with us | :17:25. | :17:28. | |
in the studio waiting very patiently while we read that, the synopsis of | :17:29. | :17:34. | |
your life story. Tell us about how this began, you were 14 as we | :17:35. | :17:40. | |
mentioned? So at the age of 14 I got my parents computer is infected, I | :17:41. | :17:45. | |
downloaded a video game. It was Michael 's. I got the computer | :17:46. | :17:50. | |
infected and did not know what to do and my parents were upset, I decided | :17:51. | :17:55. | |
to post the problem online, and somebody came to my rescue. I felt | :17:56. | :17:59. | |
so helpless that I decided to dedicate my life to fixing this | :18:00. | :18:01. | |
problem, so in 2008, we launched Malwarebytes. That was | :18:02. | :18:12. | |
the first problem. So you are self-taught? How did you do that? I | :18:13. | :18:19. | |
am self-taught, the age of 14 I bought a book, then I went to | :18:20. | :18:25. | |
university for programming. People say, did you teach the teachers? I | :18:26. | :18:30. | |
actually learned quite a bit. You can only learn so much from books. | :18:31. | :18:34. | |
What sort of books did you learn from? I don't want to talk about it | :18:35. | :18:39. | |
but it is one of those for dummies books. But you grabbed it, you took | :18:40. | :18:50. | |
the bull by the horns? A big apology on screen. Just to say, when it | :18:51. | :18:55. | |
comes to what you do, there are loads of other problems that do what | :18:56. | :18:59. | |
you do. People I have spoken to about two companies say, I had this | :19:00. | :19:03. | |
company, I trust them, they have never let me down, I will not leave | :19:04. | :19:09. | |
them even though they cost me more per year? Totally, it took a | :19:10. | :19:13. | |
14-year-old to realise that my antivirus had failed me, all of a | :19:14. | :19:18. | |
sudden this went right through. There were not any products that | :19:19. | :19:23. | |
could fix the computer, once it has got infections. The secondary part | :19:24. | :19:27. | |
is that we offer protection alongside the antivirus, just like | :19:28. | :19:31. | |
the airbag and the seat belt in the car, we can double and triple the | :19:32. | :19:35. | |
protection. You have do have the assumption of being infected and | :19:36. | :19:40. | |
working with layers of security. Talking of security, we talk a lot | :19:41. | :19:46. | |
about hacking stories, is it a constant battle field out there, | :19:47. | :19:50. | |
where you are constantly, coming up with the walls and trying to | :19:51. | :19:54. | |
anticipate what they are going to throw out, they are out there, | :19:55. | :19:59. | |
coming up with the malware and all of the malicious programmes to try | :20:00. | :20:04. | |
and get in. It is a constant battle and it is not going anywhere? | :20:05. | :20:09. | |
Fantastic game, it is a cat and mouse game, and the Malware place, | :20:10. | :20:19. | |
has become very lucrative, there is a ransom version, which encrypts | :20:20. | :20:27. | |
your documents, and if you ask for $500, then you infect a million | :20:28. | :20:32. | |
people and you have made a lot of money. I am the kind of person who | :20:33. | :20:36. | |
can be scared into buying the product, but why should I know that | :20:37. | :20:41. | |
I can trust you as opposed to some of your big competitors, at the end | :20:42. | :20:45. | |
of the day, the baddies are around there, we don't know if UR ahead of | :20:46. | :20:51. | |
the game or not? Totally, and trust nobody online, that is the | :20:52. | :20:57. | |
principal, remediation is completely free, you can download your product | :20:58. | :21:00. | |
and check if it is infected and completely remove it for free. It is | :21:01. | :21:05. | |
our contribution to the world if you will, protection is a commodity. But | :21:06. | :21:11. | |
we want people airing up on protection, there needs to be an | :21:12. | :21:14. | |
assumption or breach, unfortunately that is the way the world works | :21:15. | :21:18. | |
today and we will do our best to protect our users. Companies, | :21:19. | :21:23. | |
corporations, do you think we have really any idea of how scary it is | :21:24. | :21:28. | |
out there, what is out there? The list goes on as you said. There is | :21:29. | :21:33. | |
so much out there, we have not even completed that list. It is pretty | :21:34. | :21:38. | |
risky, we had the big case in the UK, talk talk. It is almost like not | :21:39. | :21:46. | |
daily, but we see a lot of hacking stories? It is just the beginning in | :21:47. | :21:51. | |
my opinion, that is the sad part. In fact, if it has not been breached | :21:52. | :21:55. | |
yet, it will be in the next five years, I'm sure of it, it is a bad | :21:56. | :22:03. | |
world out there. It has been a real pleasure to meet you, very | :22:04. | :22:07. | |
interesting, in a moment we will take a look through the business | :22:08. | :22:10. | |
pages but first of all here is a quick reminder of how you can be | :22:11. | :22:15. | |
across the news at the BBC. This is where you can stay ahead with all of | :22:16. | :22:18. | |
the days breaking business news. We will keep you up-to-date with all of | :22:19. | :22:24. | |
the latest details, insight and analysis from the BBC team of | :22:25. | :22:28. | |
editors right around the world. And we want to hear from you too, get | :22:29. | :22:32. | |
involved on the BBC business news live web page, or on twitter, and | :22:33. | :22:41. | |
you can find us on Facebook at BBC business news. Business live on TV | :22:42. | :22:44. | |
and online whenever you need to know. | :22:45. | :22:52. | |
Tom is back and he has promised, to bring us through the papers. And the | :22:53. | :23:01. | |
news that broke, in the UK, the UK Government, suspending all UK | :23:02. | :23:11. | |
flights, the Egyptian resort, of Sharm el-Sheikh. In terms of | :23:12. | :23:14. | |
tourism, it was really the last place in Egypt that was deemed safe, | :23:15. | :23:20. | |
and in the number one visitors, UK followed by Germany? Is quite an | :23:21. | :23:26. | |
unfortunate visit, as resident RCC was in the UK. Ironically with his | :23:27. | :23:34. | |
tourism minister, quite an unusual move, to put the safety of British | :23:35. | :23:39. | |
tourists first, before the investigation has been completed by | :23:40. | :23:43. | |
the Egyptians and the Russians, it will not be taken to kindly by the | :23:44. | :23:48. | |
Egyptians, big hit to their tourism industry. But some have suggested, | :23:49. | :23:53. | |
that the US knew something and finally the UK got to see it? You | :23:54. | :24:00. | |
have to assume that is the case otherwise, they would not have taken | :24:01. | :24:06. | |
this unprecedented step. Let us look at this story in the National Grid, | :24:07. | :24:11. | |
and with the tablet we'll catch up with it in a moment. Talking about | :24:12. | :24:16. | |
the supply of energy and the fact that there is just not enough and | :24:17. | :24:21. | |
yet the demand is up exponentially, I was just thinking about all of the | :24:22. | :24:24. | |
different things that are plugged in in my home in the various things, it | :24:25. | :24:29. | |
just seems to be phenomenal really? Our requirements? Demand is rising, | :24:30. | :24:36. | |
the other side of the equation is supplied. The fact of the matter is | :24:37. | :24:41. | |
that we are not generating enough energy, so the balance between | :24:42. | :24:45. | |
demand and supply, it is always a bit of a cushion so that the | :24:46. | :24:49. | |
industry can keep the lights on but the expectation is that this winter, | :24:50. | :24:54. | |
that gap between supply and aunt will be narrower than ever so the | :24:55. | :24:57. | |
risk of the lights going off this winter is greater than ever. Shall | :24:58. | :25:00. | |
we quickly talk about the boss of net | :25:01. | :25:10. | |
flicks. Taking six weeks off, he says this is where I get most of my | :25:11. | :25:15. | |
great ideas, he encouraged is his staff to do the same thing. It is a | :25:16. | :25:20. | |
clever ruse, you tell your work is that you can take as much time off | :25:21. | :25:25. | |
as you like, are people going to do that? If people are concerned about | :25:26. | :25:28. | |
their jobs they are actually going to work pretty hard, it is like | :25:29. | :25:31. | |
telling pensioners that you can tell all of your pension -- take all of | :25:32. | :25:36. | |
your pension out. But actually people will be very conservative. | :25:37. | :25:39. | |
Give people the freedom and they will behave in a prudent and | :25:40. | :25:45. | |
responsible way. Let me show you how prudent I will be. Thanks for your | :25:46. | :25:52. | |
comments, one here "each holiday gives you a new lease of life, back | :25:53. | :25:57. | |
into work you will inject that into your work going forward. See you | :25:58. | :26:00. | |
soon, | :26:01. | :26:01. |