:00:00. > :00:07.This is Business Live from BBC News with Victoria Fritz and Sally
:00:08. > :00:12.The morning after Super Tuesday points to a Trump versus Clinton
:00:13. > :00:14.race to the White House, but what does this mean
:00:15. > :00:33.Live from London, that's our top story on Wednesday, 2nd March.
:00:34. > :00:37.Sweeping victories for Donald Trump and Hillary Clinton
:00:38. > :00:46.after Super Tuesday with presidential elections
:00:47. > :00:49.in November but what are their plans and promises for the world's biggest
:00:50. > :00:53.It's the latest buzz from the Geneva Motor Show,
:00:54. > :00:57.They're not on the road yet, but the boss of Renault-Nissan
:00:58. > :00:59.Carlos Ghosn tells us consumers are ready for for this
:01:00. > :01:11.On the markets, the global equity is gathering momentum.
:01:12. > :01:14.We'll be getting the inside track on the art of finding
:01:15. > :01:16.you the perfect job - recruitment is BIG business -
:01:17. > :01:20.James Reed the boss of the global giant Reed Group will be with us
:01:21. > :01:25.So if you have a question for him you know how to get in touch just
:01:26. > :01:34.The British Pilots Association is calling on governments
:01:35. > :01:39.to research the effects of drones hitting planes.
:01:40. > :01:44.What risk do they pose? Send us your comments.
:01:45. > :01:52.The race to the White House hots up as Donald Trump and Hillary Clinton
:01:53. > :01:55.win sweeping victories at Super Tuesday.
:01:56. > :01:58.It s now more likely than ever that the two will go head-to-head
:01:59. > :02:04.This week, we're looking at the economic pledges
:02:05. > :02:08.Today, we look at what the billionaire businessman,
:02:09. > :02:10.Donald Trump, has said about how he would manage
:02:11. > :02:15.Trump says he'll bring back American jobs by slapping tariffs
:02:16. > :02:19.He's threatened a 35% tax on cars made in Mexico and tariffs
:02:20. > :02:25.But economists argue its Americans who would ultimately pay higher
:02:26. > :02:32.prices, as US industry benefits from cheaper imports.
:02:33. > :02:39.He's threatened to send home millions of immigrants.
:02:40. > :02:44.But experts ask would Americans do these largely menial, low-paid jobs?
:02:45. > :02:57.Cutting taxes is another one of Trump's cards.
:02:58. > :03:00.In the past, he's said those earning less than $25,000
:03:01. > :03:04.And corporate income tax would be cut to 15% to stop US corporations
:03:05. > :03:06.moving to low-cost tax havens around the world.
:03:07. > :03:08.But do any of these promises amount to policy?
:03:09. > :03:11.Linda Yueh is a Professor at the London Business School joins
:03:12. > :03:22.Lovely to see you, Linda. Raez Still a long road ahead. Lots of twists
:03:23. > :03:28.and turns and they are not nominees yet. But obviously we are weighing
:03:29. > :03:33.up what either of them could mean for the world's in one of the most
:03:34. > :03:38.economies in the world. Give us your take on what Trump means for the US
:03:39. > :03:42.economy? He certainly means a larger national debt and the reason is if
:03:43. > :03:46.you look at his pledges which I should stress, Sally, tend to change
:03:47. > :03:50.on the campaign trail. He is not entirely consistent if I can put it
:03:51. > :03:55.that way, but from what he has said and one of his main centre pieces is
:03:56. > :03:59.cutting taxes. He would add, it is estimated, something like $12
:04:00. > :04:03.trillion to the US economy which is a $16 trillion economy. So the level
:04:04. > :04:09.of debt would go up because he is not matching the tax cuts with any
:04:10. > :04:12.spending, here is my favourite line from this, if you're going to cut
:04:13. > :04:16.taxes by that amount and you don't want to add to that, you need the
:04:17. > :04:21.economy to grow. The US economy would need to grow by 10% to pay for
:04:22. > :04:25.his tax cuts without pushing up the debt. One of the ideas he has
:04:26. > :04:33.floated though, but not recently, as you say, they keep changing, is a
:04:34. > :04:36.one-off tax on the wealthiest in the US, a 14% one-off tax on their
:04:37. > :04:40.entire wealth and that's his argument as a means of getting some
:04:41. > :04:46.money in the pot? Yes. I think what's interesting is if you look at
:04:47. > :04:51.his appeal, he wants to appeal to predominantly working Americans and
:04:52. > :04:55.so therefore, he differentiates himself from making these big tax
:04:56. > :04:59.cuts which go to the wealthy by saying he would tax the wealthy in
:05:00. > :05:06.some respects, yes, he floated that. He has also floated things like
:05:07. > :05:11.changing and cutting taxes on the high earners. The overall position
:05:12. > :05:15.that he would put America in would be one that's similar to what a lot
:05:16. > :05:21.of Republicans said in the past, they want a lower tax burden,
:05:22. > :05:25.America in general has a reasonably high tax burden, but arguably too
:05:26. > :05:29.many loopholes as candidates would like to say, but I think in general
:05:30. > :05:33.the problem is his pledges don't really add up and I don't think he
:05:34. > :05:37.is unusual by the way in that. Most people, when they are on the
:05:38. > :05:40.campaign trail, probably make too many promises they can't really
:05:41. > :05:45.keep. Yes, that's how he is trying to appeal to the working person,
:05:46. > :05:49.even though he is a billionaire! Pledges are otherwise, if you cast
:05:50. > :05:53.your mind back over the rhetoric that we heard interest Donald Trump,
:05:54. > :05:57.a lot of it is protectionist and a lot of people would say that's not
:05:58. > :06:00.good for the US economy, but the US economy already is quite
:06:01. > :06:04.protectionist, just overnight they slapped a load of extra tariff on
:06:05. > :06:09.countries for trade around the world. How different would a Trump
:06:10. > :06:14.presidency and an economy under Trump really be from what we are
:06:15. > :06:18.seeing already? I think his red ricket on trade is quite
:06:19. > :06:24.protectionist. He targets China and the currency. But I do wonder on
:06:25. > :06:27.that, whether or not when he comes into, if he were to come into
:06:28. > :06:31.office, whether or not, as he has already said, most of his pledges
:06:32. > :06:36.are flexible, in general Republicans like him tend to be more pro-free
:06:37. > :06:42.trade than Democrats and that's usually, Obama, you can argue is
:06:43. > :06:46.more like a Clinton, Bill Clinton, not Hillary Clinton, much more open
:06:47. > :06:49.on trade. So I think on that front, he is his rhetoric is not going to
:06:50. > :06:53.help and I think one of the things that he is probably raising a lot of
:06:54. > :06:57.concerns for countries around the world is his stance on trade and
:06:58. > :07:01.actually foreign policy in general. Of course immigration policy is
:07:02. > :07:04.another one, but I suppose my favourite Trump pledge at the moment
:07:05. > :07:09.is on immigration, he wants to build a wall between the US and Mexico and
:07:10. > :07:13.he wants Mexico to pay for it! I don't think we can take what he says
:07:14. > :07:16.on the campaign trail at this point to be gospel, but it is becoming one
:07:17. > :07:20.of the big debating points for Trump. There is an off the record
:07:21. > :07:25.chat he had with the New York Times where he revealed to say, he said
:07:26. > :07:29.well, when you're in office, you have to negotiate with Congress and
:07:30. > :07:33.secretly, I think, people are beginning to think he is more
:07:34. > :07:36.flexible than his more staunch stances would suggest. It will be a
:07:37. > :07:41.very entertaining few months ahead. Thank you very much, Linda, for
:07:42. > :07:44.coming in and giving us your prospective on what Donald Trump
:07:45. > :07:48.stands for at the moment, but it is changing all the time and we will
:07:49. > :07:52.focus next on Hillary Clinton's policies. That will be in another
:07:53. > :07:57.Business Live in the near future. Hopefully tomorrow.
:07:58. > :08:00.The oil giant Shell is being sued in London for the second time
:08:01. > :08:02.in five years over spills in the Niger Delta.
:08:03. > :08:04.Two communities are claiming compensation and want Shell to clean
:08:05. > :08:08.Shell said it is at an "early stage" in reviewing the claims
:08:09. > :08:13.and that the case should be heard in Nigeria.
:08:14. > :08:16.The US ratings agency Moody's has cut its outlook for China
:08:17. > :08:19.The debt rating, however, was left unchanged.
:08:20. > :08:23.But the agency warned that reforms were needed to avoid a downgrade.
:08:24. > :08:26.Moody's said the change in outlook was based on expectations that
:08:27. > :08:30.Beijing's fiscal strength would continue to decline.
:08:31. > :08:40.New data shows China's economy is continuing to lose steam.
:08:41. > :08:57.Qualcomm has been fined for hiring relatives. The First Minister
:08:58. > :09:01.provided gifts and travel and entertainment to influence
:09:02. > :09:11.officials. The company did not admit or deny the allegations and this
:09:12. > :09:18.would be between 2002 and 120. 2012. Lots more on the Business Live page.
:09:19. > :09:25.This is a story that caught our attention. Brexit would shrink UK
:09:26. > :09:36.financial services industry so says BlackRock.
:09:37. > :09:42.Could the worst of the global commodity rout be over?
:09:43. > :09:44.Well, we had a hopeful sign from Australia.
:09:45. > :09:46.Its economy outpaced all forecasts to grow at the fastest pace
:09:47. > :09:50.For more, our Asia business correspondent Karishma Vaswani
:09:51. > :10:02.Always lovely to see you. So there, is quite a glimmer of hope, isn't
:10:03. > :10:06.it? Some sunny news from Australia. Indeed, Sally. Australians must be
:10:07. > :10:11.feeling pretty smug about the way their economy is going these days.
:10:12. > :10:14.Now, despite that collapse in global commodity prices that you were
:10:15. > :10:20.talking about, Australia has managed to escape recession yet again,
:10:21. > :10:22.confirming that it is the cliche of all cliches, the lucky country after
:10:23. > :10:27.all. Let's talk you through the numbers. The economy grew by 3% in
:10:28. > :10:31.the three months ending December 2015, that's compared to the same
:10:32. > :10:36.period a year ago and remember, this comes against the backdrop as one
:10:37. > :10:40.analyst put it to me, the greatest mining pull back in Australia's
:10:41. > :10:44.lifetime. Now, compared to the third quarter, growth was up about 0.6%,
:10:45. > :10:49.that beat market expectations, so what are Australians getting right
:10:50. > :10:52.Sally? Well, I was there on a recent reporting trip and looking at the
:10:53. > :10:57.economy there and how badly it has been hurt by the apparent end of the
:10:58. > :11:01.mining boom, but one that really struck me, many in the industry told
:11:02. > :11:05.me that even though low global prices are hurting the mining
:11:06. > :11:07.sector, Australia still has one of the most low-cost, and hi-tech
:11:08. > :11:11.mining sectors in the world. So mining sectors in the world. So
:11:12. > :11:13.that's certainly helping it. Thank you so much.
:11:14. > :11:16.Data out from the US shows that perhaps the picture on manufacturing
:11:17. > :11:30.We've seen solid buying across the region.
:11:31. > :11:40.The Nikkei closing at highs of the day.
:11:41. > :11:47.The yen is weaker. This is how things have opened up at
:11:48. > :11:53.the moment. Just a fraction higher, about a third higher.
:11:54. > :11:55.Let's hear from Michelle Fleury about what's ahead on Wall Street
:11:56. > :12:09.We will get the jobs report and we will get a taste of the labour
:12:10. > :12:13.market, February's ADP report on private payrolls should show an
:12:14. > :12:18.increase of 190,000 jobs, but that's down slightly from January's figure.
:12:19. > :12:24.The latest collection of economic anecdotes from the Federal Reserve's
:12:25. > :12:31.12 regional banks will be released in the afternoon, the beige book may
:12:32. > :12:41.show the world's largest continues to flash mixed signals. Look out for
:12:42. > :12:45.reports from aber copl bee and Fich. These two may have seen their
:12:46. > :12:51.revenues dragged down by unsees bleu warm weather this winter.
:12:52. > :12:58.He's an Investment Director at Fidelity Worldwide Investment.
:12:59. > :13:03.Everywhere is going up. We have had a strong session on Wall Street. It
:13:04. > :13:09.is happening at the moment in Europe. And yet, China being
:13:10. > :13:15.highlighted as a risk from Moody's which doesn't seem to be affecting
:13:16. > :13:19.people's sentiment today? Well, the bull markets always climb a wall of
:13:20. > :13:23.worry. Wall Street has set the tone last night and I think what is
:13:24. > :13:27.happening there, you know, over the first couple of months of this year,
:13:28. > :13:32.there was a growing fear of recession led by the United States.
:13:33. > :13:36.I think the data that we're getting coming through now suggests that is
:13:37. > :13:38.less likely so the manufacturing figures, they were not great, but
:13:39. > :13:43.they were better than expected. Inflation is beginning to nudge up.
:13:44. > :13:46.So I think the feeling is that interest rates probably will start
:13:47. > :13:49.to push higher this year. There was a fear that maybe they wouldn't rise
:13:50. > :13:52.at all. That's good for the banks. We have seen the oil price rise.
:13:53. > :13:56.That's good for the energy companies. So generally speaking, I
:13:57. > :14:00.think the mood is just lightening a bit. There is a sort of sell-off
:14:01. > :14:04.fatigue after two months of ropey markets. Do you think the worst is
:14:05. > :14:09.over in terms of that big sell off that we have seen at the start of
:14:10. > :14:13.the year? Well, that is certainly the implication of the data that
:14:14. > :14:17.we've got and the mood in the markets. These sell office can only
:14:18. > :14:23.go on for so long and two months is a long time. Markets fell a lotment
:14:24. > :14:27.we had a bear market in many markets around the worldmed we had one in
:14:28. > :14:30.the UK. Yes, I do. Just quickly, of course, what's the
:14:31. > :14:34.next thing coming up that could cause the mood change? On Friday we
:14:35. > :14:36.have got the jobs report in the United States. People are now
:14:37. > :14:41.talking again, aren't they, about when rates could go up in the US? It
:14:42. > :14:46.seemed to be off the agenda not long ago. Even last week, to be honest.
:14:47. > :14:49.There has been a rapid change in sentiment, but you're right, we've
:14:50. > :14:53.got the jobs figures on Friday, that's important. On 16th March, we
:14:54. > :14:56.have got the next Federal Reserve meeting. That's going to be
:14:57. > :15:00.important. It is unlikely that we will see that second rate rise in
:15:01. > :15:04.the US in March, but I think the chance of a rate rise in June now
:15:05. > :15:08.looks much more likely. OK, thank you, Tom. We will see Tom in five
:15:09. > :15:09.minutes, he will be back to talk through some other stories in the
:15:10. > :15:12.papers. Still to come:
:15:13. > :15:13.Mid-week office blues? Got mine here! Yes, we got them
:15:14. > :15:19.here. Stay tuned for our next guest,
:15:20. > :15:22.the boss of recruitment giant How does his firm
:15:23. > :15:25.handle 50 million job You're with Business
:15:26. > :15:29.Live from BBC News. Let's take a look at a few
:15:30. > :15:32.of the business stories from around Britain's financial services
:15:33. > :15:37.industry could shrink if the UK That's according to the world's
:15:38. > :15:44.biggest fund manager, The firm warned that Britain's
:15:45. > :15:48.economy would be hit hard by a vote to leave the EU, with equities,
:15:49. > :15:51.the pound and the London property BlackRock also warned that UK
:15:52. > :15:55.companies could be blocked from the single market,
:15:56. > :15:58.if the EU decides to penalise Britain's farming industry
:15:59. > :16:02.is calling for a contingency plan for agriculture IF we leave
:16:03. > :16:04.the European Union in Farms in the UK currently receive
:16:05. > :16:09.around ?3 billion in EU Steph is in the Brecon Beacons
:16:10. > :16:20.in Wales to find out more. It is looking very dark there, are
:16:21. > :16:25.you inside somewhere, I assume? Good morning, good morning everybody, let
:16:26. > :16:30.me just show you where I am. It is lambing season at the moment, and
:16:31. > :16:34.these guys around me, the mothers and their little lambs, that guy
:16:35. > :16:39.there is just a day old. Just getting used to life here on the
:16:40. > :16:44.farm. This is one of 300,000 farms across the UK, and of course one of
:16:45. > :16:48.the big concerns for them is if we leave the European Union, if the UK
:16:49. > :16:56.leaves, what will it mean for things like their subsidies? Farms like
:16:57. > :16:59.these get subsidies, and it helps to keep things steady through the ups
:17:00. > :17:03.and downs of farming life. Some of them are worried that they will lose
:17:04. > :17:07.this subsidy if we leave the EU, other farmers are telling me today
:17:08. > :17:11.that they think, well, actually could it make things less
:17:12. > :17:16.conjugated, will it be easier to do trade and the money will go directly
:17:17. > :17:19.to farmers rather than via the EU? These are things I have been talking
:17:20. > :17:24.to farmers about throughout the morning. They are expecting 30
:17:25. > :17:31.births here. You can see lots more of the little lambs around me. Last
:17:32. > :17:33.week, in one day, they had 200 births, would you believe? That is
:17:34. > :17:44.all from me here on the farm. Is it a bit too brutal to mention
:17:45. > :17:53.mint sauce, roast potatoes? Smells good! Lots of stories.
:17:54. > :18:03.Poundland says its Chief Executive Jim McCarthy is to retire. He will
:18:04. > :18:08.be succeeded by Kevin O'Byrne, the former boss of B You are with
:18:09. > :18:09.Business Live. You're watching Business Live,
:18:10. > :18:12.our top story, it was the biggest night of voting so far
:18:13. > :18:20.on the campaign trail. To find the nominees for the
:18:21. > :18:24.Republican and Democratic party in the United States. And so far the
:18:25. > :18:28.result tell us that Donald Trump and Hillary Clinton are the front
:18:29. > :18:31.runners. Of course it will take them a little bit closer to winning the
:18:32. > :18:33.nomination for their parties for the battles to the White House. Lots
:18:34. > :18:35.more on that on the website. It's Wednesday - also
:18:36. > :18:39.known as hump day - meaning it's a particularly
:18:40. > :18:41.important day if you're not really enjoying your job -
:18:42. > :18:44.the bulk of the working week is over Recruitment is big business,
:18:45. > :18:49.and Reed Group has been making the most of it for generations -
:18:50. > :18:52.it is the largest family-owned jobs James became Chief
:18:53. > :19:04.Executive in 1997. His father, Sir Alec Reed,
:19:05. > :19:13.set up the business in 1960. The company has offices in more than
:19:14. > :19:20.a dozen countries around the world with over 3500 staff, and eg it
:19:21. > :19:25.receives a whopping 50 million job applications, helping 140,000 people
:19:26. > :19:28.find work. And James is with us in the studio to give us the inside
:19:29. > :19:32.track on the business. Nice to see you. Thanks for coming in.
:19:33. > :19:37.There are so much to discuss, and I imagine our viewers all over the
:19:38. > :19:41.world have many questions, especially in the current
:19:42. > :19:47.environment, trying to find work. Your key audience as it were our
:19:48. > :19:53.young, I understand, 18 to 30s. And in Europe that is a critical age
:19:54. > :19:57.facing real challenges. It certainly is, in fact we are there to help
:19:58. > :20:01.anyone who was on a hump Wednesday, we want people to love Mondays, that
:20:02. > :20:06.is our message, because we want people to enjoy their work. It is a
:20:07. > :20:11.particularly important for young people, so we do a lot of work with
:20:12. > :20:15.young people especially. In Europe in particular, youth unemployment is
:20:16. > :20:19.chronic. Certainly in countries like Spain, Italy, for example, and is
:20:20. > :20:23.something that governance have been trying to fix and discuss for many
:20:24. > :20:26.years, and yet they don't seem to have found the magic bullet, as it
:20:27. > :20:30.were. And there are lots of different views as to what should be
:20:31. > :20:34.done. In the end, what we have seen in the labour market is that people
:20:35. > :20:37.are much more mobile. So it is possible to move from Spain or move
:20:38. > :20:40.within Spain to get a job somewhere else and were seeing more and more
:20:41. > :20:44.example, it is a magnet for people example, it is a magnet for people
:20:45. > :20:48.from all over Europe to come the work. Therefore how much of a
:20:49. > :20:53.consent of the people you work with, these 18 to 30-year-olds, who would
:20:54. > :20:55.like to work elsewhere, perhaps in London, perhaps they are watching
:20:56. > :21:01.from Spain for example, how concerned are they by the threat of
:21:02. > :21:04.exit, Britain leaving the EU, and the general fragmentation across
:21:05. > :21:09.Europe we are seeing? We have just done a big survey of job-seekers,
:21:10. > :21:12.and the majority that responded were very much in favour of remaining in
:21:13. > :21:19.Europe, but that was particularly true of Europe. 68%, in fact. Then I
:21:20. > :21:21.think that is because if we were to leave Europe, it closes a lots of
:21:22. > :21:26.opportunities for young people who could currently work in Germany,
:21:27. > :21:31.Spain, Greece, or wherever in the 27 countries, and that works both ways.
:21:32. > :21:34.People might want to come here to work but similarly people from here
:21:35. > :21:38.looking for opportunities elsewhere. Your company started back in 1960,
:21:39. > :21:44.and I guess you grew up with it because your dad was running it and
:21:45. > :21:47.now you are running it. Recruitment has changed phenomenally in that
:21:48. > :21:49.time, and I must admit when I heard about you coming in, I kind of
:21:50. > :21:55.thoughtful people looking for work now, there are so many different
:21:56. > :22:00.avenues, and a recruitment agency is just one of many ways -- many ways
:22:01. > :22:04.to find work. How have you had to change to remain relevant? The
:22:05. > :22:07.biggest and most obvious has been in technology, which began with the
:22:08. > :22:12.internet but moving onto mobile technology as well. People can look
:22:13. > :22:17.for jobs from their phone, on the tube, on an act. It is easy to find
:22:18. > :22:26.vacancies but it is a lot more -- on an app. It is very competitive, and
:22:27. > :22:29.there has also done quite a lot of pressure on wages. So wages haven't
:22:30. > :22:33.been growing in the way that they used to. Because there are more jobs
:22:34. > :22:38.available, one is beginning to see that but it is early days. Just
:22:39. > :22:41.quickly on that, what are you seeing with wages? How have people
:22:42. > :22:47.responded to the fact wages have remained pretty much flat for a long
:22:48. > :22:50.time? Since 2009 wages have been pretty flat but they are beginning
:22:51. > :22:55.to go up now in the more buoyant parts of the labour market, we are
:22:56. > :22:58.seeing them to increase to .5% on the jobs advertised. Job-seekers are
:22:59. > :23:03.looking for more than that and I'm hoping they will get it! Wages are
:23:04. > :23:07.beginning to move upwards but it is very early days. Thank you for
:23:08. > :23:11.coming in, it has been fascinating having you on the programme. We will
:23:12. > :23:14.share some of your thoughts on that as well, I know you have been
:23:15. > :23:18.sending us messages, that to come. On today's programme,
:23:19. > :23:21.when you hear class-action lawsuit, do you think of the movie
:23:22. > :23:24.We'll talk to one legal beagle who helps ordinary people take
:23:25. > :23:30.Now to the revs and roar of the Geneva Motor Show,
:23:31. > :23:33.where the auto industry is showing off its latest models.
:23:34. > :23:36.Self-driving - or driver-assisted - cars are making waves.
:23:37. > :23:39.But it is not always for the right reasons. There have been a few bumps
:23:40. > :23:40.along the way. Well, we've heard a handful
:23:41. > :23:43.of stories about safety concerns, most recently Google's car
:23:44. > :23:45.that crashed into a bus. But the boss of auto
:23:46. > :23:46.giant Renault-Nissan, Carlos Ghosn, tells us consumers
:23:47. > :23:56.are ready for for this In terms of safety, it has a lot of
:23:57. > :24:00.benefit. 95% of accidents on the road are due to human error. So if
:24:01. > :24:04.you limit interaction between man and machine, you will get a lot of
:24:05. > :24:10.results, in terms of safety. On top of this, it is about pleasure, it is
:24:11. > :24:14.about productivity when you are in a car. There are a lot of benefits,
:24:15. > :24:18.where all our tests are showing the consumers are ready for this
:24:19. > :24:23.technology and it will bring a lot. You sound very confident but how can
:24:24. > :24:26.you be sure that customers actually want driverless cars, because after
:24:27. > :24:32.all you have to sell the cars they drive is want to buy? Exactly, first
:24:33. > :24:36.we make tests, we have a lot of surveys. Second, as you know all our
:24:37. > :24:40.research is showing that consumers are extremely interested not only on
:24:41. > :24:43.the safety side, but on the fact that they will gain back the time
:24:44. > :24:46.that they decide to gain back while they are driving the car, because
:24:47. > :24:50.this is not about replacing the driver, it is empowering the driver
:24:51. > :24:53.and putting them in a condition where the driver can decide whenever
:24:54. > :25:00.he wants to drive them when he doesn't want to drive. That was the
:25:01. > :25:06.chief executive of Renault Nissan. Tom Stevenson is back. Lots to chat
:25:07. > :25:10.about. Not least this story that is actually quite worrying about drones
:25:11. > :25:16.hitting aeroplanes will stop there have been a number of near misses,
:25:17. > :25:20.and it is quite concerning what could happen if one went in and
:25:21. > :25:24.engine, for example. If you think about the damage a bird can cause
:25:25. > :25:28.when it goes in there and engine, you can imagine the damage that what
:25:29. > :25:33.is effectively an unmanned aircraft could do. With lithium batteries
:25:34. > :25:37.inside. Absolutely, which could potentially cause an explosion. So I
:25:38. > :25:41.can see where the concern comes from, and also I can see the growth
:25:42. > :25:44.in this market is potentially enormous because the commercial
:25:45. > :25:47.imperative is to use these drones is very significant, whether you are
:25:48. > :25:51.Amazon delivering goods within the hour to your customers, or a friend
:25:52. > :25:56.of mine is a photographer, and he brought a drone, it cost less than
:25:57. > :25:58.?1000, so they are very cheap. They are, and it's quite scary. Thank you
:25:59. > :26:00.so much. There will be more business news
:26:01. > :26:04.throughout the day on the BBC Live webpage, and on World
:26:05. > :26:16.Business Report. Some of us woke up to a lovely sunny
:26:17. > :26:20.dawn, others it has been happening, some snow, thunder and lightning and
:26:21. > :26:22.some hail. Through