20/10/2016 BBC Business Live

This is Business Live from BBC News with Ben Bland and Sally Bundock.

The final debate of the US presidential campaign is over -

but how much can either candidate do for the American economy?

Live from London, that's our top story on Thursday

Sparks fly over the US economy - but will it really

Airbnb faces a fight for survival in the Big Apple,

as the city's governor prepares to sign a bill that would restrict

the home-sharing company's business in New York City.

Here's how the markets look at the start of the day in Europe. Small

gains at the opening of the leading shares market in Frankfurt, slightly

down in Paris. Oil prices near a 15 month high which has helped the

Asian markets climb overnight, and we will be looking ahead to the

European Central Bank meeting coming later.

We meet the woman behind an app that lays out all the options -

whether at home or away - to make sure you always

I rely on the BBC make-up department for that!

regulation in New York City, today we want to know -

would you rather stay in a traditional

hotel or pay to stay in someone's home?

We start with the US election, and that third and final debate

overnight between presidential hopefuls Donald Trump

According to a recent poll, the economy remains the biggest

But how healthy is it, and how will it influence

According to the latest figures from the US Census Bureau -

household incomes rose 5.2% last year.

That was the first real increase since before the financial

Hispanic Americans actually saw their incomes rise faster

than whites, Black Americans slightly slower, but

This could be seen as positive for Clinton -

she's seen as inheriting the Obama legacy.

Take a look at the amount a white household earns

compared with a Hispanic or black household.

Donald Trump has argued the Democrats have

failed both groups - these figures could be seen

1.4 million people found permanent jobs last year.

The Democrats say the Obama years were the longest streak

Donald Trump has criticised the quality of jobs created.

Here's a figure that's difficult to argue with, though.

43.1 million Americans were living in poverty last year.

That's a slight improvement on the previous year

but still five million more than before the financial crisis.

Ironically, neither side has talked much about poverty.

But poor people are far less likely to vote than well off people.

Here's how the candidates clashed over the state of the economy.

What I am proposing is that we invest from the middle out and the

ground up, not the top down. That is not going to work. That is why what

I have put forward doesn't add a penny to the debt, but it is the

kind of approach that will enable more people to take those new jobs,

higher paying jobs. We are beginning to see some increase in incomes, and

we have certainly had a long string of increasing jobs. We have got to

do more to get the whole economy moving, and that is what I believe I

will be able to do. So I just left some high representatives of India.

They are growing at 8%. China is growing at 7%. And that for them is

a catastrophically low number. We are growing, our last report came

out at right around the 1% level and it is going down. At the end of last

week, they came out with an anaemic jobs report, a terrible jobs report.

I said, is that the last jobs report before the election? Because if it

is, I should win easily, it was so bad. So there you have it. That is a

snapshot of a 90 minute debate. Morris Reid is a partner

with the Mercury consultancy - he was an adviser to Bill Clinton

and has worked in global business He knows the Clinton family very

well. Good morning. Early-morning! You are pretty tired, because you

are watching the debate, as was I. What did you make of it? Both sides

did well. Donald Trump got his foot in, people thought he would be

rattled, I didn't think so. 18 days is a long way. Clinton did what I

thought she needed to do, she needs to be measured and really finish the

race all the way through to make sure the Democrats turn out to the

polls, so I thought they both did what they needed to do, and it will

turn to turn out in the key states. This debate was supposed to be about

the economy, jobs, welfare. They did talk about that, but they didn't

dedicate that much time to it, and I didn't learn anything new. The

problem is this has got to be so personal and political, you are not

able to really talk about real issues. They did a good job, better

than the other debates, of talking about the economy, but they could

have done a lot more. People like to know what is going on because at the

end of the day, it always comes down to the economy. The money in their

pocket? It is about how to have a better future for my kids, what will

tomorrow bring? If you are a presidential candidate, you need to

address that. They make for great telly, these personal clashes. Do

you think there is a danger that it turns people off? I was reading a

piece how there is a campaign for none of the above, they are trying

to encourage people, a plague on both your houses. There is voter

fatigue for sure, we spent two years running for president, so people are

either really excited to get it over or excited to turn the TV off, so

there is voter fatigue, but I think you will see voters going to the

polls in record numbers. Donald Trump has galvanised a new

population of voters, and Hillary Clinton being the first woman could

ring a lot of people to the polls. You worked with Bill Clinton for

both his campaigns. He coined the phrase that is now famous, it's the

economy, stupid. Is that the case this time around? It is always about

the economy. If you look at those five or six states, Hohaia, Florida,

Michigan, Pennsylvania, it is always about the economy, and that is what

I don't think Donald Trump has done. He is really trying to read it up in

these last few days, he has a chance. I don't believe this race is

over, it is a plus or -3 race. Hillary Clinton has got that leading

the polls, generally speaking, but the can be wrong. When the polls are

your side, you love them, when they are against you, you hate them. I

say they are a snapshot in time, and it doesn't mean what tomorrow will

bring. Just to say, whoever gets the job, there is always the issue of

what they can push through when they are in the role of President of the

United States because of the containment of house of Congress and

representatives, and who is doing what job. What impact will it have

on the world was my biggest economy? We are watching on the other side of

the pond with great interest at a critical time for Europe and Asia as

well. I actually think the Donald Trump will have a more uphill

battle. He is really taking on the establishment. They tend to not like

that. They will fight him all the way? I think they will. Hillary

Clinton is funny. If you talk to Republicans off-camera, they say she

is someone who will get things done. I think if she gets in, she will

focus on the first 100 days to prove her presidency will be something of

substance, something real. We appreciate you making time for us

today. I am going to go to bed now! I am going to be following you. Not

literally! Sally, this is a family show,

please! I have been up all night as well. It

is just the night shift, you know it is just the night shift, you know it

well, Ben. I am very familiar with it. Don't

leave, we haven't finished the programme.

Electric car maker Tesla says all cars it currently builds

will now have the hardware needed to drive autonomously.

Tesla introduced its Autopilot system last year, allowing some

self-drive functions such as auto-braking.

The latest technology will not be activated straight away -

initially it'll run in so-called shadow mode in order to gather

The European Central Bank is expected to keep policy unchanged

later today but is likely to hint at more stimulus measures

The ECB has been attempting to kick-start the European

with sub-zero interest rates, free loans to banks and pumping over

a trillion euros into the financial system via bond purchases.

Internet firm Yahoo has called on the United States government

to clarify the national security orders they issue

The call comes after Yahoo was accused of secretly scanning

millions of its users' email accounts on behalf of US

Now, this is a story we will talk about in more detail later in the

show, it is a tweet from Martha lane Fox. She was one of the two people

that set up the successful last-minute .com, she is a tech

guru, and she has taken a picture of the front page of the Financial

Times. BHP Billiton set a target 50% female staff by 2025. She says, if

mining can do it, surely tech can. We will talk more about that later.

Shares in Nintendo are up on the news that the games company

There is a huge amount of excitement about this new console, not just

among gamers but financial analysts as well. We saw Nintendo shares

jumping by 4% in Tokyo today, adding more than $1 billion in market

value. It is worth stating that Nintendo hasn't released a gaming

console since 2012, when they released the Wii U, so needless to

say this new product is long overdue, especially since we have

seen gaming shift from people's living rooms onto their smartphones.

So a lot of excitement but very few details. It is codenamed NX, and

will be released in March, but we know very little other than that and

we will see it later today. Nintendo say they will post a three minute

video on their website, so at 11pm Tokyo time or 10am New York time you

should be tuning in to their website, because the company said,

please take a look. I'm sure they want us all to take a look. Thank

you so much. Let's take a look at how the markets are doing.

Asian stocks rose as traders watched US presidential candidates

Hillary Clinton and Donald Trump debate economic policy.

On Wall Street, stocks rose as oil and gas exploration companies gained

The price of a barrel of crude is near a 15-month high.

Mike Amey, managing director and portfolio

He will talk us through the winners and losers. Did you watch the

debate? I will be totally honest, I did not. You slept! Good for you.

Somebody did ask me last night whether I would pull an all nighter

for the vote, which I guess one will have to. But for this one, I thought

I would rely on expert opinion such as yours. You are in the right

place! So what is grabbing your attention as far as markets are

concerned? Today it is about the European Central Bank, and what they

are going to do. They as with many other central banks have this

challenge of negative interest rates, so talking about the extremes

of monetary, and they are still struggling to get the inflation rate

up. We are looking for guidance as to whether they have any future

plans down the road. They have to bring out their future forecast next

month, so I think we are looking for frontrunning. Most analysts seem to

be expected to stick to the bond by, because the danger is that the

markets could get jittery. That is right, because they are already

buying 80 billion euros of bonds per month, so a huge amount of money,

and they have to do that is to keep interest rates low to support the

economy. The economy is doing OK in the context of European growth

rates. So once again, December, all eyes on the central bank. It is. So

much for December being a quiet month for us. Not any more! Mike,

you will be back shortly. He will talk BHP billet on and all sorts.

Still to come: Beauty at the tip of your fingers, we meet the maker of

an app that make sure no matter where you I'd get the treatment is

unique. This is Business Live from BBC News.

EDF has been asked to shutdown five nuclear reactors for safety tests.

They recently signed a contract to build Hinkley Point in the UK,

Britain's first new plant in 21 years. Andrew Walker is in the

business newsroom. What do you make of this? What has happened is the

regulator is concerned about, to be technical, the carbon content of

steel in the steam generators in some of these French nuclear power

plants. It has the potential to make it rather weaker than it should be

and ultimately with the risk of a leak or even explosions. It is a

wide issue. There have been other plants where EDF have been asked to

undertake similar tests to establish the safety of generators. The

company says much of this work will be conducted during routine

maintenance periods, not all of it, some of it is being brought forward

but some conducted during routine maintenance. They said it will not

affect their output projections for the rest of the year. All right.

Thanks. EDF, an interesting story. Also in focus is Heathrow. They

released their financial results. A strong performance with revenue up

2% up to 2 billion adjusted. They are doing well with an OK financial

performance but today when they came out with their results they kind of

used it as an excuse to make the case for an extra runway. There have

been speculation about whether we would get the decision on expansion.

We know now it will be delayed until the Cabinet subcommittee discusses

it further. They will look to make the case strongly, as will Gatwick,

the main rival to get the go-ahead for the new runway. The boss of

Heathrow went on the Today programme on and said there is massive support

for Heathrow expansion I guess he feels his case is very strong. I

have spoken to the boss of Gatwick and they feel they have a strong

case and Gatwick implying if they do not get the green light for

government led expansion it is something they might consider doing

by themselves. A reminder of our top story: Jobs,

taxes and growth have featured in the final debate

of the US presidential campaign. If you missed it and want to know

more, there is so much on our website and probably every other

website in the world, so dig deep. A quick look at how

markets are faring. A flat and mixed picture. The big

event for Europe is the European Central Bank meeting and join us

later today as we update you on that.

The UK beauty industry is worth some $21 billion,

with UK consumers spending an average of $422 per person

on beauty and skincare last year - a record high.

Wanting to take a bite of this market is Missbeez,

a mobile app for beauty services on demand.

Originally launched in Israel by Maya Gura, it now has over 5,000

Be it a fresh manicure, last-minute wax before a holiday

or a make-up retouch before a date, it can all be ordered online

and performed in your office or the comfort of your home.

90% of customers being directed to the app via word-of-mouth,

and over 70% of the business deriving from repeat customers.

In 2017, the company is expecting to launch in Barcelona,

Maya Gura, co founder and CEO of on demand beauty app Missbeez.

Welcome. It sounds like something that many people are likely to use

and want to use. I get the business idea, but tell us how it started in

Israel. Missbeez is my third venture and my childhood dream was to

become, to work in prison. To work in prison?

I thought I'd misheard! Why? I guess I wanted to realise why

people become evil, when I was a child. It was fascinating to me.

Even though my career started into tech start-ups, at some point my

previous company was acquired by eBay and I realised this was perfect

timing to fulfil that dream. You have the money, the opportunity,

just to put the viewers into perspective, you are from Lithuania

but you went to Israel to do voluntary work after selling a

previous business to eBay? I have lived in Israel since 11. I grew up

in Israel. I went to volunteer for a rehabilitation centre for sex

workers. Working with these women and later in prison for three years,

I realised I would like to use my business skills to create a business

model that can help as many people as I can, instead of being an

organisation way you help tens of people, I want to create a business

for thousands of people and create opportunities for them. Is it like

apps where if you have a lot of demand the price goes up? Is it

fixed? The philosophy we use is affordable pricing always. Customers

are busy working women. It is not a VoIP service, it is women who never

have the time to run to the beauty salon or engage in beauty this way.

You mentioned 20 billion but the global market for the hair and nail

salon industry is $400 billion. Your app connects the user with someone

where they can get a waxing done and you take a commission? That is how

you make money. We do not get your ambition to work in a prison. You

worked in a prison for three years. How did that bring you to your

company? I believe working with lesser privileged populations,

creating Missbeez. I learned about marketplaces that connect people who

have money but do not have the time and the opposite, have time but no

money. We worked with hundreds of beauticians and work with hundreds

of beauticians from different backgrounds and we enable them to

become self-employed and create a successful business. The name,

Missbeez, it is obvious who your target is, is there scope for a male

version? Our founder is definitely ambitious and he wants to create a

Mr Lazy one day. Tell us the story of a life transformed by this. I can

tell you hundreds of stories but we had one beautician who worked at a

beauty salon and went through a lot of medical procedures and had a lot

of debt and loans accumulated. She wanted to be self-employed but it

was hard to make the switch. We explained how it will work and

assured her she would earn more money and she made the jump and

covered all of her loans in four months only, and she tripled her

salary and became one of best ambassadors. What service did she

provide? Nails. She still does. It is a great story. Thanks for sharing

your business with us. Thanks. We will discuss your conversations

about their B but this is how to keep in touch. We will keep you

up-to-date with details with insight and analysis from BBC editors from

right around the world and we want to hear from you. Get involved on

the BBC Business Live web page. And on Twitter. You can find us on

Facebook. Business Live on TV and online, whenever you need to know.

Mike is back in the studio. We have asked you about the story in the

Financial Times with Airbnb facing a fight for survival in New York City.

Explain what this is about. Since the creation of their B yet has

faced legal battles in various cities. Why is this a worry for

them? The challenge Airbnb has is not being perceived as a straight

competition for the hotel industry or for the rental market. Typically

in cities where there is high demand for housing, they tend to run into

trouble and legal battles that is what you have. You have the hotel

industry in New York saying, you are going to steal our business, and on

the other, you are going to use up the rental market for short-term

breads. Do you it? I am used it.

Normally I do not use any thing. You are the tech pioneer. Not

normally, but I have used it. Very easy. I am going away in March and a

friend has booked through Airbnb, so I can say I am on the roster but as

yet have not sampled products. We asked viewers to get involved. David

said it is always better to stay in a hotel.

Privacy is at most. Laura goes in favour of Airbnb, saying we have a

12-year-old and we can get more space, Cook, etc.

The media, great fun family holidays, Airbnb, when hotels can be

suitable. I know that, I have three little boys. And this one. If you

can do it in a mining company that is something to do about. I work in

the fund management industry and it is a wake-up call to everyone. I

think it is a fantastic aspiration and something we should focus on. A

nice picture of a woman in a hard hat walking across a nine.

Thanks for coming in. And good to see you as well.

That is Business Live. I am going to go home and get to that snap now!

Goodbye. Hello, good morning. Another quiet

day across most parts of the UK with dry weather in the