13/06/2016 BBC Business Live


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With iPhone sales falling, will Apple wows them at the developer


summit this year? A major upgrade of Siri expected, the digital


assistant. We will get an update for you.


German Chancellor Angela Merkel is in China where she's played


down talk of a trade war but warns of the need


Our team in Beijing will tell us how that is going down. A dismal start


to the trading week. Market watchers are on edge in Europe and in Asia,


including beatings at the US Federal including beatings at the US Federal


reserve and the bank of Japan. -- meetings.


And we'll be getting the inside track on the traditional


Indian skill of eyebrow threading and how one woman has


used it to help create a multi-million-dollar business.


Today we want to know do you ever use digital assistants?


Do get in touch. Digital assistants, do you love it or hate it? Do they


get on your nerves? Yes, we are using our favourite pun.


Apple's core business is the iPhone, but as sales of its


most widely used product begin to slide the company is having


to search elsewhere for ways to drive its gargantuan


Apple sold a massive 51.2 million iPhones during the first three


months of the year but crucially that is 10 million


for the first quarter dropping by a massive 13 percent with many


blaming an over-reliance on a single product.


Today Apple holds its developers' conference in Silicon Valley


where it's expected to launch a major artificial


intelligence update for the digital assistant Siri.


The California firm is also expected to unveil changes to HomeKit


which allows users to connect home features such as lighting


But will it be enough to impress investors?


The share price has certainly taken a hit since it peaked this time last


year and those in the industry say some major innovations are needed


if Apple wants to hold onto its title as the world's


Alex Wood, editor in chief of The Memo, is with me.


Good to see you. Sally taking us through the numbers involved. How


would you describe Apple's performance of late? Where are they?


Looking at smartphones alone, they dominate the market. But from my


perspective, the outlook is mixed. In terms of innovation and new


products, things have been lacklustre for the last couple of


years. This conference is more about the software than the hardware,


which is what we are used to when it comes to Apple. I want to ask you


specifically about Siri. We are expecting announcements regarding a


new and improved Siri but there are accusations that it has fallen


behind the likes of Amazon, and Google. What can we expect from Siri


today? Everybody has got Siri on the iPhone


but most people are not using it and it has been very limited to date. If


you look at companies like Amazon, it was a real surprise for them.


They dipped their toe in a market with a product called Alexa, a


speaker in their kitchen, and people have been blown away by what they


can do with it. Amazon made it open from day one, which is a key


difference in approach. So people are now building that


technology into other products around the home, other speakers. But


for Apple everything is closed inside their world and for that


reason they have fallen behind. Tell me about the changes to home kit,


which links up digital devices within the home? That could be very


interesting. If you have heard about devices like


smart home, internet connected thermostat for the heating, all of


these things are very fragmented. If you have them in your home, like


me, I kid you not I have six apps for my home! One for your light


bulbs, one for home security and it is completely nuts. If Apple can


pull this off, the idea is that it brings it all together into one


remote control to make things more simple.


if this is innovation for innovation's sake but in your house


it is clearly necessary! Thank you. The mind boggles. Now some other


business stories. Retailer Walmart Canada will no


longer accept Visa cards after it failed to agree a deal


with the credit card firm. Fees applied to Visa card purchases


remain unacceptably high, Walmart it is offering the company one


of the lowest rates available The chief executive and chairman


of telecoms giant BT are sending a joint letter to their staff along


with union leaders that say they want the UK


to stay in a reformed EU. Responding to the letter


the Vote Leave campaign say that if the UK really wants to take back


control of its economy, its democracy and its borders then


the British people have to vote to We are talking about that referendum


which is coming up on June 23. The founder of UK sports retailer


Sports Direct, Mike Ashley, has written to the administrators


of the British department store chain BHS expressing an interest


in taking over some of its stores. In his letter, Mr Ashley said


he was keen to save the BHS brand as well as a number of jobs


with the retailer. The company is being wound down


after administrators failed to find We just want to take you across some


of the stories that have piqued our interest on the BBC's Business Live


page. Coming up soon this summer, a big thing for Brits, music


festivals. Alice is a music festival lover. It is true. No Glam --


glamping. And I am not alone! I am hard-core. Festivals are worth ?3.7


billion to the UK economy, according to a report into UK music. The


appetite for this appears to be growing and growing, just when we


think the industry is saturated and there couldn't be another festival,


and there were 10.4 million music tourists supporting thousands of


jobs. The German Chancellor Angela Merkel


has arrived in China for her ninth visit to the country with trade


and investment high on the agenda. Good to talk to you. As Sally said,


trade and investment are high on the agenda. Talk through what is on the


table. The ninth visit by Angela Merkel to China since becoming


Chancellor and other world leaders would be envious of the access that


the German leader has to Beijing. She doesn't mind raising sensitive


issues when she is here. For example, at these photo


opportunities, when reporters are allowed in for the first minute to


film leaders shaking hands, she has already spoken about the need for


greater certainty in terms of the rule of law in China. We are


expecting steel to be brought up because China is accused of dumping


steel at below market rates into other economies. What sort of


leverage might Angela Merkel have? At the moment a Chinese company is


wanting to buy a German high-tech industrial robotics company. In


theory she could say to their Chinese counterparts, look, if you


want to buy Germany's high-tech companies, we need some action on


steel and we need you to do something about the rule of law and


we need a more level playing field in terms of trade. You mentioned


this issue of steel. Angela Merkel has got to walk a fine line because


as you say many would regard her as enjoying something of a special


relationship with China, as shown by the number of visits that she has


taken to the country. It is a delicate balancing act that she has


got to step in this area. It certainly is. But the funny thing is


that she has this, as you mention, pretty good access to Chinese


leaders, and yet among all the world leaders in the west, she does seem


to stand head and shoulders above others in terms of being prepared to


talk about the tough issues. She will not mind saying that she thinks


there is a problem with steel. The Chinese government knows that it has


got this problem as well, so there is room to move on it. It is not


that they are not aware of an overcapacity problem. I am sure she


will be very delicate and yet firm in what she says about it. Thank


you. We will keep an eye on that as the week progresses, Angela Merkel's


trip to China. Let's look at the markets. What they start a week for


Japan, down nearly 4% and Hong Kong nearly 3% lower. This is because of


a heck offer nerves out there. We have the Japan meeting and the


Federal bank meeting. Japan is not expecting any stimulus from the Bank


of Japan, so that is why stimulus is low. And the Chinese economy is


pretty flat as well. In the UK, the pound is weak against the US dollar.


We will move on to Europe in a moment if we can show viewers those


numbers. The pound is lower than the dollar because of the UK referendum


on membership of the European Union. That is hitting many markets around


the world but certainly London and the pound. The yen has been strong.


Safe havens like the Japanese yen very much in favour the moment. I


will hand you back to Alice who has someone here to tell us why there is


so much fear. Joining us is Jeremy Cook,


Chief Economist, World First. Pretty bleak picture. What do you


make of that? The stronger yen, tell us what is happening in Asia. It is


a miserable Monday wherever you look and we have seen it in the past week


that bond markets have been pretty active investors moving out of


riskier assets like shares and riskier currencies moving back into


bonds because of three main fears. The global slow down, the news out


of Asia, Europe, Chinese investment news overnight pretty poor,


everybody talking about the EU referendum whether you are in the UK


or around the world, and also the likelihood that the Fed will not


freeze rates at their meeting on Thursday. -- will not raise rates.


The Fed issue is the main one. They raised rates in December. They jobs


figure came out ten days ago thinking that June could be the time


we could see another rate rise from the Federal Reserve. That number is


out of the US jobs market. 30 one fifth of what the market has got


used to. -- 38,000. Do you think this ruling is here to stay until


June 23? Once the Fed meeting is out of the way and the Bank of Japan. We


are not expecting anything. That is right. The banks want more stimulus


but they are not going to get it. Certainly not from the Fed but maybe


from the Japanese next month. Is the feeling here to stay? Referendum is


a huge sentimental hurdle to jump over in the short-term but then the


focus shifts. Markets get myopic about this. We have the referendum


in June but then we will be talking about the migrant crisis in Europe


and then the US presidential election, so this is half-time. Only


half-time! Are you exhausted? You are going to take through the papers


in a moment, Jeremy good stuff. Next, we will be looking at a


business that has raised more than a few eyebrows. Goodness me! We will


be joined by the founder of a company that has come up with a


technique that has been around for many years but which has become new


to many of us and very popular. Eyebrow threading. We will explain


all. You are with Business Live from BBC News. Stay with us.


Time to dust off your top hat and fascinator.


Ascot is one of the few UK racecourses not owned


Today Ascot releases its latest financial results, and we are joined


Wonderful to talk to you. Talk us through the numbers. Good morning.


We are very pleased to announce a solid set of results for 2015. Our


numbers are up across the board and turnover is up 10%. Net profits


before tax are up 42% and most importantly our edict arts cash


generation is up over 10%. -- EBITDA. That is what allows us to


invest in facilities and prize money for most men aren't the event as a


whole. Part of that is because you diversify it and it is not just


about the horse racing. The biggest event of the year starts for you


tomorrow and the Queen will be there.


It means a lot to us that the Queen and her family enjoy Royal Ascot.


And her horses have won 22 races at Royal Ascot. This week, she could


have up to six runners, the most high-profile of which is Dartmouth


we wish him all the best in the Hardwick Stakes. Later on in the


week we have the prospect of runners for The Prince of Wales and the


Duchess of Cornwall and on Thursday, the Gold Cup, is run in honour of


the Queen's birthday, 90th birthday for which the official celebrations


started yesterday and we hope she will have a lovely time at Ascot


with her family and with her guests. A very colourful event. Lots of us


tuning in. Ascot kicks off tomorrow. It does, indeed.


Gatwick Gusher, oil firms buy up more land apparently. You can read


more about this on the Business Live page, but the firm are planning to


extract from the Gatwick area. That's the UK oil and gas


investments, that's the name, they are spending ?3.5 million to acquire


Horse Hill Well in Surrey. Clearly, they believe there is a lot to be


found there. They are investing in earnest.


As Apple holds a developers summit in Silicon Valley it is expected


to launch a major update to its digital assistant Siri,


but will it be enough to stop sliding iPhone sales?


When she can make me a cup of tea and watch my children, that's when I


would be interested! Now let's get the Inside Track


with a entrepreneur who hopes to change the face


of the beauty industry. When Vanita Parti left her full-time


job to spend time with her young family, it might have seemed that


setting up a global business Fast forward 12 years and she's


brought traditional Indian eyebrow Her business, Blink Brow Bar has


over 25 walk-in bars in the UK and another opening in the famous


Saks department store in New York. The brand also has an award winning


line up of beauty products including brow kits,


colouring products and skincare. Vanita Parti the founder


and chief executive Your eyebrows look wonderful! Thank


you. Just talk us through why you decided to make this leap. You were


working in marketing, in branding and then to go and set-up a business


from scratch. What made you want to do it? Well, think children change


everything. You hope you're going to have a child and go back to work and


your career will continue and flourish and of course, I had my


child, dpel in love with her and wanted to go back on a part-time


basis, but realised you can't climb up the career ladder on a part-time


basis sadly. I took the leap. I left. I worked for a small start-up


and realised why don't I just set-up my own business? And really that


would be the only way where I could fulfil my ambitions and be able to


work to the hours I want to. You may hate this, but there is a term for


people like you, called the mumpreners, have you heard of it? I


have. Explain the idea for your company? Sorry, the idea. You


started a business, I'm going to be a mum and be fulfilled in my career,


why eyebrows? It was actually the business that was the important part


and then I was really trying to search for an idea and I first of


all I thought I would set-up a dating website called Bombay Mix and


realised I didn't have the technological know how. It came to


me one day when I travelled far to get my eyebrows threaded out to the


suburbs and I just thought god, I make this journey every two weeks, I


can't get my eyebrows threaded in London. I thought Londoners really


neglect their eyebrows and that needs to be sorted out! When we


found out you were coming, we were grooming! Mine is better now. It is


the first walk-in brow bar in the UK and how has the industry changed. My


mother used to pluck her eyebrows, they used to be thin, I feel that


we're back in the Brooke Shields era where we want strong power brows? I


think people have just become aware and they realised that eyebrows are


so important and make such a difference and ten years ago, it was


amazing. People just didn't take care of them. They were an after


thought and now they are the foundation of anyone's beauty


regime. Do you get men? We get lots of men. It is a growing market and


they are not shy. Tell us about how you manage it had do this. The


company is big now. You're pretty major in the UK, you're looking


elsewhere like New York for example, did you find that you just had the


business skills you needed or did you find actually you needed a lot


of help from experts. How did you do it? Well, sadly you don't have the


business skills, you try and use a lot of common sense. The key was


trying to build a brand and that's a skill I got from being at British


Airways for many years. And you know, it is just about building a


really trusted brand, offering a consistent service, so yeah, we


really worked on that and just working with mentors, people that


could help me and just, you know, trying to get skills in where I


recognised I needed them. Just really briefly because we are sort


of out of time. I want one more question. Are you managing to spend


the time with your children that you hoped for by not working for a


corporate? It is brilliant. Now, it is really working well. You got the


balance right? Yes. Well done. Thank you for coming in.


The gaming industry has descended on Los Angeles for E3,


the biggest video games show in the world.


It is a chance for the big names to show off their latest


Our BBC North America technology reporter Dave Lee gave us this


It's that time of year again when the games industry


descend in their thousands to Los Angeles for E3.


For gaming fans, it is a first chance to look at the


titles that could be the blockbuster hits over


What have you seen at E3 caught your eye?


Titanfall 2. The mesmerising.


The sequel they have introduced, the single player campaign,


Mass Effect was really impressive and I'm really looking forward


to just how different it will be this time around.


We don't know everything yet, I'm just looking forward to more


VOICEOVER: Worlds where adventure, danger and the unknown


Dave Lee was there and he will continue to update us on Twitter.


And online. What other business


stories has the media been Joining us is Jeremy Cook,


Chief Economist, World Do you use media? I use OK Google on


my phone. You are an android user? I look strange doing it in public or


the only reason I use it when I can't spell something. Do you have


to say Google? You say OK Google and it goes blink and then you can ask


your directions or whatever. You think is someone talking to their


phone or themselves? Apple is beefing it up its developer


conference. Ryan Olsen, "Siri is a nuisance." ." Another view says,


"When I am in a hurry, it has value." Another viewer says, "Siri


performs so poorly. Apple has been resting on its laurels." I want to


talk to you about this story we spotted in The Telegraph on the


business pages. Sky really feeling the pinch with regards to the amount


that it spends for its premiership football rights? Yeah, ?1.4 billion.


Now, that is a lot of money to spend on a football game and you can see


from, you know, if anyone goes to their club, you can see ticket


prices increasing and the wages are increasing and the transfer money is


increasing so where is the money coming from? A lot is coming from


the football rights and that's hitting people in the pocket when


they are paying their Sky bill or the Virgin bill at the end of the


month. It is timely with Euro 2016 under way and I was just asking you


Jeremy about what's going on in the City of London during that time?


Yes. You're all watching the football. I wouldn't be surprised if


a lot of people have their iPads on their desks and you know, they're


busy. You said it was a given when we were off air? True. They are


keeping an eye on things. Who is your money on? I have got two sweep


stake entries, England which have taken a hit and I pulled out France,


but I still Germany wins. You never bet against the Germans. Jeremy,


thank you for coming in. Thank you for your companiment have a great


day. We will see you soon. Have a great day. Thanks for




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