:00:07. > :00:11.This is Business Live from BBC News with Ben Bland and Sally Bundock.
:00:12. > :00:17.The final debate of the US presidential campaign is over -
:00:18. > :00:20.but how much can either candidate do for the American economy?
:00:21. > :00:22.Live from London, that's our top story on Thursday
:00:23. > :00:43.Sparks fly over the US economy - but will it really
:00:44. > :00:49.Airbnb faces a fight for survival in the Big Apple,
:00:50. > :00:52.as the city's governor prepares to sign a bill that would restrict
:00:53. > :00:59.the home-sharing company's business in New York City.
:01:00. > :01:08.Here's how the markets look at the start of the day in Europe. Small
:01:09. > :01:14.gains at the opening of the leading shares market in Frankfurt, slightly
:01:15. > :01:18.down in Paris. Oil prices near a 15 month high which has helped the
:01:19. > :01:21.Asian markets climb overnight, and we will be looking ahead to the
:01:22. > :01:23.European Central Bank meeting coming later.
:01:24. > :01:27.We meet the woman behind an app that lays out all the options -
:01:28. > :01:30.whether at home or away - to make sure you always
:01:31. > :01:38.I rely on the BBC make-up department for that!
:01:39. > :01:42.regulation in New York City, today we want to know -
:01:43. > :01:43.would you rather stay in a traditional
:01:44. > :01:45.hotel or pay to stay in someone's home?
:01:46. > :01:58.We start with the US election, and that third and final debate
:01:59. > :02:00.overnight between presidential hopefuls Donald Trump
:02:01. > :02:08.According to a recent poll, the economy remains the biggest
:02:09. > :02:13.But how healthy is it, and how will it influence
:02:14. > :02:25.According to the latest figures from the US Census Bureau -
:02:26. > :02:28.household incomes rose 5.2% last year.
:02:29. > :02:32.That was the first real increase since before the financial
:02:33. > :02:36.Hispanic Americans actually saw their incomes rise faster
:02:37. > :02:38.than whites, Black Americans slightly slower, but
:02:39. > :02:44.This could be seen as positive for Clinton -
:02:45. > :02:49.she's seen as inheriting the Obama legacy.
:02:50. > :02:55.Take a look at the amount a white household earns
:02:56. > :02:59.compared with a Hispanic or black household.
:03:00. > :03:01.Donald Trump has argued the Democrats have
:03:02. > :03:03.failed both groups - these figures could be seen
:03:04. > :03:10.1.4 million people found permanent jobs last year.
:03:11. > :03:12.The Democrats say the Obama years were the longest streak
:03:13. > :03:20.Donald Trump has criticised the quality of jobs created.
:03:21. > :03:25.Here's a figure that's difficult to argue with, though.
:03:26. > :03:28.43.1 million Americans were living in poverty last year.
:03:29. > :03:30.That's a slight improvement on the previous year
:03:31. > :03:34.but still five million more than before the financial crisis.
:03:35. > :03:36.Ironically, neither side has talked much about poverty.
:03:37. > :03:41.But poor people are far less likely to vote than well off people.
:03:42. > :03:45.Here's how the candidates clashed over the state of the economy.
:03:46. > :03:53.What I am proposing is that we invest from the middle out and the
:03:54. > :03:58.ground up, not the top down. That is not going to work. That is why what
:03:59. > :04:02.I have put forward doesn't add a penny to the debt, but it is the
:04:03. > :04:08.kind of approach that will enable more people to take those new jobs,
:04:09. > :04:13.higher paying jobs. We are beginning to see some increase in incomes, and
:04:14. > :04:16.we have certainly had a long string of increasing jobs. We have got to
:04:17. > :04:22.do more to get the whole economy moving, and that is what I believe I
:04:23. > :04:27.will be able to do. So I just left some high representatives of India.
:04:28. > :04:32.They are growing at 8%. China is growing at 7%. And that for them is
:04:33. > :04:37.a catastrophically low number. We are growing, our last report came
:04:38. > :04:43.out at right around the 1% level and it is going down. At the end of last
:04:44. > :04:49.week, they came out with an anaemic jobs report, a terrible jobs report.
:04:50. > :04:54.I said, is that the last jobs report before the election? Because if it
:04:55. > :04:57.is, I should win easily, it was so bad. So there you have it. That is a
:04:58. > :05:00.snapshot of a 90 minute debate. Morris Reid is a partner
:05:01. > :05:02.with the Mercury consultancy - he was an adviser to Bill Clinton
:05:03. > :05:13.and has worked in global business He knows the Clinton family very
:05:14. > :05:17.well. Good morning. Early-morning! You are pretty tired, because you
:05:18. > :05:23.are watching the debate, as was I. What did you make of it? Both sides
:05:24. > :05:30.did well. Donald Trump got his foot in, people thought he would be
:05:31. > :05:34.rattled, I didn't think so. 18 days is a long way. Clinton did what I
:05:35. > :05:38.thought she needed to do, she needs to be measured and really finish the
:05:39. > :05:41.race all the way through to make sure the Democrats turn out to the
:05:42. > :05:49.polls, so I thought they both did what they needed to do, and it will
:05:50. > :05:54.turn to turn out in the key states. This debate was supposed to be about
:05:55. > :05:57.the economy, jobs, welfare. They did talk about that, but they didn't
:05:58. > :06:02.dedicate that much time to it, and I didn't learn anything new. The
:06:03. > :06:04.problem is this has got to be so personal and political, you are not
:06:05. > :06:09.able to really talk about real issues. They did a good job, better
:06:10. > :06:12.than the other debates, of talking about the economy, but they could
:06:13. > :06:16.have done a lot more. People like to know what is going on because at the
:06:17. > :06:21.end of the day, it always comes down to the economy. The money in their
:06:22. > :06:26.pocket? It is about how to have a better future for my kids, what will
:06:27. > :06:31.tomorrow bring? If you are a presidential candidate, you need to
:06:32. > :06:34.address that. They make for great telly, these personal clashes. Do
:06:35. > :06:40.you think there is a danger that it turns people off? I was reading a
:06:41. > :06:43.piece how there is a campaign for none of the above, they are trying
:06:44. > :06:50.to encourage people, a plague on both your houses. There is voter
:06:51. > :06:54.fatigue for sure, we spent two years running for president, so people are
:06:55. > :06:58.either really excited to get it over or excited to turn the TV off, so
:06:59. > :07:02.there is voter fatigue, but I think you will see voters going to the
:07:03. > :07:06.polls in record numbers. Donald Trump has galvanised a new
:07:07. > :07:11.population of voters, and Hillary Clinton being the first woman could
:07:12. > :07:15.ring a lot of people to the polls. You worked with Bill Clinton for
:07:16. > :07:20.both his campaigns. He coined the phrase that is now famous, it's the
:07:21. > :07:24.economy, stupid. Is that the case this time around? It is always about
:07:25. > :07:30.the economy. If you look at those five or six states, Hohaia, Florida,
:07:31. > :07:37.Michigan, Pennsylvania, it is always about the economy, and that is what
:07:38. > :07:41.I don't think Donald Trump has done. He is really trying to read it up in
:07:42. > :07:46.these last few days, he has a chance. I don't believe this race is
:07:47. > :07:50.over, it is a plus or -3 race. Hillary Clinton has got that leading
:07:51. > :07:57.the polls, generally speaking, but the can be wrong. When the polls are
:07:58. > :08:00.your side, you love them, when they are against you, you hate them. I
:08:01. > :08:06.say they are a snapshot in time, and it doesn't mean what tomorrow will
:08:07. > :08:10.bring. Just to say, whoever gets the job, there is always the issue of
:08:11. > :08:14.what they can push through when they are in the role of President of the
:08:15. > :08:17.United States because of the containment of house of Congress and
:08:18. > :08:22.representatives, and who is doing what job. What impact will it have
:08:23. > :08:25.on the world was my biggest economy? We are watching on the other side of
:08:26. > :08:30.the pond with great interest at a critical time for Europe and Asia as
:08:31. > :08:33.well. I actually think the Donald Trump will have a more uphill
:08:34. > :08:37.battle. He is really taking on the establishment. They tend to not like
:08:38. > :08:42.that. They will fight him all the way? I think they will. Hillary
:08:43. > :08:45.Clinton is funny. If you talk to Republicans off-camera, they say she
:08:46. > :08:51.is someone who will get things done. I think if she gets in, she will
:08:52. > :08:55.focus on the first 100 days to prove her presidency will be something of
:08:56. > :09:03.substance, something real. We appreciate you making time for us
:09:04. > :09:07.today. I am going to go to bed now! I am going to be following you. Not
:09:08. > :09:12.literally! Sally, this is a family show,
:09:13. > :09:16.please! I have been up all night as well. It
:09:17. > :09:20.is just the night shift, you know it is just the night shift, you know it
:09:21. > :09:26.well, Ben. I am very familiar with it. Don't
:09:27. > :09:27.leave, we haven't finished the programme.
:09:28. > :09:31.Electric car maker Tesla says all cars it currently builds
:09:32. > :09:33.will now have the hardware needed to drive autonomously.
:09:34. > :09:35.Tesla introduced its Autopilot system last year, allowing some
:09:36. > :09:37.self-drive functions such as auto-braking.
:09:38. > :09:39.The latest technology will not be activated straight away -
:09:40. > :09:42.initially it'll run in so-called shadow mode in order to gather
:09:43. > :09:49.The European Central Bank is expected to keep policy unchanged
:09:50. > :09:51.later today but is likely to hint at more stimulus measures
:09:52. > :09:58.The ECB has been attempting to kick-start the European
:09:59. > :10:01.with sub-zero interest rates, free loans to banks and pumping over
:10:02. > :10:09.a trillion euros into the financial system via bond purchases.
:10:10. > :10:11.Internet firm Yahoo has called on the United States government
:10:12. > :10:13.to clarify the national security orders they issue
:10:14. > :10:19.The call comes after Yahoo was accused of secretly scanning
:10:20. > :10:22.millions of its users' email accounts on behalf of US
:10:23. > :10:35.Now, this is a story we will talk about in more detail later in the
:10:36. > :10:39.show, it is a tweet from Martha lane Fox. She was one of the two people
:10:40. > :10:46.that set up the successful last-minute .com, she is a tech
:10:47. > :10:53.guru, and she has taken a picture of the front page of the Financial
:10:54. > :10:58.Times. BHP Billiton set a target 50% female staff by 2025. She says, if
:10:59. > :11:03.mining can do it, surely tech can. We will talk more about that later.
:11:04. > :11:06.Shares in Nintendo are up on the news that the games company
:11:07. > :11:16.There is a huge amount of excitement about this new console, not just
:11:17. > :11:22.among gamers but financial analysts as well. We saw Nintendo shares
:11:23. > :11:27.jumping by 4% in Tokyo today, adding more than $1 billion in market
:11:28. > :11:32.value. It is worth stating that Nintendo hasn't released a gaming
:11:33. > :11:39.console since 2012, when they released the Wii U, so needless to
:11:40. > :11:43.say this new product is long overdue, especially since we have
:11:44. > :11:48.seen gaming shift from people's living rooms onto their smartphones.
:11:49. > :11:54.So a lot of excitement but very few details. It is codenamed NX, and
:11:55. > :11:57.will be released in March, but we know very little other than that and
:11:58. > :12:03.we will see it later today. Nintendo say they will post a three minute
:12:04. > :12:07.video on their website, so at 11pm Tokyo time or 10am New York time you
:12:08. > :12:11.should be tuning in to their website, because the company said,
:12:12. > :12:15.please take a look. I'm sure they want us all to take a look. Thank
:12:16. > :12:19.you so much. Let's take a look at how the markets are doing.
:12:20. > :12:21.Asian stocks rose as traders watched US presidential candidates
:12:22. > :12:24.Hillary Clinton and Donald Trump debate economic policy.
:12:25. > :12:27.On Wall Street, stocks rose as oil and gas exploration companies gained
:12:28. > :12:38.The price of a barrel of crude is near a 15-month high.
:12:39. > :12:40.Mike Amey, managing director and portfolio
:12:41. > :12:48.He will talk us through the winners and losers. Did you watch the
:12:49. > :12:52.debate? I will be totally honest, I did not. You slept! Good for you.
:12:53. > :12:56.Somebody did ask me last night whether I would pull an all nighter
:12:57. > :13:02.for the vote, which I guess one will have to. But for this one, I thought
:13:03. > :13:06.I would rely on expert opinion such as yours. You are in the right
:13:07. > :13:10.place! So what is grabbing your attention as far as markets are
:13:11. > :13:16.concerned? Today it is about the European Central Bank, and what they
:13:17. > :13:19.are going to do. They as with many other central banks have this
:13:20. > :13:24.challenge of negative interest rates, so talking about the extremes
:13:25. > :13:27.of monetary, and they are still struggling to get the inflation rate
:13:28. > :13:31.up. We are looking for guidance as to whether they have any future
:13:32. > :13:34.plans down the road. They have to bring out their future forecast next
:13:35. > :13:40.month, so I think we are looking for frontrunning. Most analysts seem to
:13:41. > :13:44.be expected to stick to the bond by, because the danger is that the
:13:45. > :13:48.markets could get jittery. That is right, because they are already
:13:49. > :13:53.buying 80 billion euros of bonds per month, so a huge amount of money,
:13:54. > :13:55.and they have to do that is to keep interest rates low to support the
:13:56. > :14:01.economy. The economy is doing OK in the context of European growth
:14:02. > :14:05.rates. So once again, December, all eyes on the central bank. It is. So
:14:06. > :14:13.much for December being a quiet month for us. Not any more! Mike,
:14:14. > :14:18.you will be back shortly. He will talk BHP billet on and all sorts.
:14:19. > :14:21.Still to come: Beauty at the tip of your fingers, we meet the maker of
:14:22. > :14:24.an app that make sure no matter where you I'd get the treatment is
:14:25. > :14:32.unique. This is Business Live from BBC News.
:14:33. > :14:39.EDF has been asked to shutdown five nuclear reactors for safety tests.
:14:40. > :14:44.They recently signed a contract to build Hinkley Point in the UK,
:14:45. > :14:49.Britain's first new plant in 21 years. Andrew Walker is in the
:14:50. > :14:58.business newsroom. What do you make of this? What has happened is the
:14:59. > :15:02.regulator is concerned about, to be technical, the carbon content of
:15:03. > :15:07.steel in the steam generators in some of these French nuclear power
:15:08. > :15:11.plants. It has the potential to make it rather weaker than it should be
:15:12. > :15:18.and ultimately with the risk of a leak or even explosions. It is a
:15:19. > :15:23.wide issue. There have been other plants where EDF have been asked to
:15:24. > :15:30.undertake similar tests to establish the safety of generators. The
:15:31. > :15:34.company says much of this work will be conducted during routine
:15:35. > :15:38.maintenance periods, not all of it, some of it is being brought forward
:15:39. > :15:43.but some conducted during routine maintenance. They said it will not
:15:44. > :15:51.affect their output projections for the rest of the year. All right.
:15:52. > :15:56.Thanks. EDF, an interesting story. Also in focus is Heathrow. They
:15:57. > :16:03.released their financial results. A strong performance with revenue up
:16:04. > :16:08.2% up to 2 billion adjusted. They are doing well with an OK financial
:16:09. > :16:11.performance but today when they came out with their results they kind of
:16:12. > :16:16.used it as an excuse to make the case for an extra runway. There have
:16:17. > :16:22.been speculation about whether we would get the decision on expansion.
:16:23. > :16:27.We know now it will be delayed until the Cabinet subcommittee discusses
:16:28. > :16:31.it further. They will look to make the case strongly, as will Gatwick,
:16:32. > :16:39.the main rival to get the go-ahead for the new runway. The boss of
:16:40. > :16:46.Heathrow went on the Today programme on and said there is massive support
:16:47. > :16:50.for Heathrow expansion I guess he feels his case is very strong. I
:16:51. > :16:55.have spoken to the boss of Gatwick and they feel they have a strong
:16:56. > :16:59.case and Gatwick implying if they do not get the green light for
:17:00. > :17:00.government led expansion it is something they might consider doing
:17:01. > :17:06.by themselves. A reminder of our top story: Jobs,
:17:07. > :17:10.taxes and growth have featured in the final debate
:17:11. > :17:18.of the US presidential campaign. If you missed it and want to know
:17:19. > :17:20.more, there is so much on our website and probably every other
:17:21. > :17:22.website in the world, so dig deep. A quick look at how
:17:23. > :17:32.markets are faring. A flat and mixed picture. The big
:17:33. > :17:34.event for Europe is the European Central Bank meeting and join us
:17:35. > :17:36.later today as we update you on that.
:17:37. > :17:39.The UK beauty industry is worth some $21 billion,
:17:40. > :17:45.with UK consumers spending an average of $422 per person
:17:46. > :17:50.on beauty and skincare last year - a record high.
:17:51. > :17:55.Wanting to take a bite of this market is Missbeez,
:17:56. > :17:58.a mobile app for beauty services on demand.
:17:59. > :18:01.Originally launched in Israel by Maya Gura, it now has over 5,000
:18:02. > :18:08.Be it a fresh manicure, last-minute wax before a holiday
:18:09. > :18:11.or a make-up retouch before a date, it can all be ordered online
:18:12. > :18:17.and performed in your office or the comfort of your home.
:18:18. > :18:19.90% of customers being directed to the app via word-of-mouth,
:18:20. > :18:24.and over 70% of the business deriving from repeat customers.
:18:25. > :18:26.In 2017, the company is expecting to launch in Barcelona,
:18:27. > :18:37.Maya Gura, co founder and CEO of on demand beauty app Missbeez.
:18:38. > :18:45.Welcome. It sounds like something that many people are likely to use
:18:46. > :18:54.and want to use. I get the business idea, but tell us how it started in
:18:55. > :19:00.Israel. Missbeez is my third venture and my childhood dream was to
:19:01. > :19:07.become, to work in prison. To work in prison?
:19:08. > :19:12.I thought I'd misheard! Why? I guess I wanted to realise why
:19:13. > :19:19.people become evil, when I was a child. It was fascinating to me.
:19:20. > :19:24.Even though my career started into tech start-ups, at some point my
:19:25. > :19:30.previous company was acquired by eBay and I realised this was perfect
:19:31. > :19:36.timing to fulfil that dream. You have the money, the opportunity,
:19:37. > :19:43.just to put the viewers into perspective, you are from Lithuania
:19:44. > :19:47.but you went to Israel to do voluntary work after selling a
:19:48. > :19:55.previous business to eBay? I have lived in Israel since 11. I grew up
:19:56. > :19:59.in Israel. I went to volunteer for a rehabilitation centre for sex
:20:00. > :20:06.workers. Working with these women and later in prison for three years,
:20:07. > :20:10.I realised I would like to use my business skills to create a business
:20:11. > :20:15.model that can help as many people as I can, instead of being an
:20:16. > :20:19.organisation way you help tens of people, I want to create a business
:20:20. > :20:25.for thousands of people and create opportunities for them. Is it like
:20:26. > :20:34.apps where if you have a lot of demand the price goes up? Is it
:20:35. > :20:39.fixed? The philosophy we use is affordable pricing always. Customers
:20:40. > :20:44.are busy working women. It is not a VoIP service, it is women who never
:20:45. > :20:48.have the time to run to the beauty salon or engage in beauty this way.
:20:49. > :20:56.You mentioned 20 billion but the global market for the hair and nail
:20:57. > :21:02.salon industry is $400 billion. Your app connects the user with someone
:21:03. > :21:07.where they can get a waxing done and you take a commission? That is how
:21:08. > :21:13.you make money. We do not get your ambition to work in a prison. You
:21:14. > :21:19.worked in a prison for three years. How did that bring you to your
:21:20. > :21:26.company? I believe working with lesser privileged populations,
:21:27. > :21:29.creating Missbeez. I learned about marketplaces that connect people who
:21:30. > :21:36.have money but do not have the time and the opposite, have time but no
:21:37. > :21:39.money. We worked with hundreds of beauticians and work with hundreds
:21:40. > :21:43.of beauticians from different backgrounds and we enable them to
:21:44. > :21:49.become self-employed and create a successful business. The name,
:21:50. > :21:57.Missbeez, it is obvious who your target is, is there scope for a male
:21:58. > :22:02.version? Our founder is definitely ambitious and he wants to create a
:22:03. > :22:07.Mr Lazy one day. Tell us the story of a life transformed by this. I can
:22:08. > :22:12.tell you hundreds of stories but we had one beautician who worked at a
:22:13. > :22:18.beauty salon and went through a lot of medical procedures and had a lot
:22:19. > :22:23.of debt and loans accumulated. She wanted to be self-employed but it
:22:24. > :22:26.was hard to make the switch. We explained how it will work and
:22:27. > :22:31.assured her she would earn more money and she made the jump and
:22:32. > :22:37.covered all of her loans in four months only, and she tripled her
:22:38. > :22:43.salary and became one of best ambassadors. What service did she
:22:44. > :22:52.provide? Nails. She still does. It is a great story. Thanks for sharing
:22:53. > :22:54.your business with us. Thanks. We will discuss your conversations
:22:55. > :23:06.about their B but this is how to keep in touch. We will keep you
:23:07. > :23:10.up-to-date with details with insight and analysis from BBC editors from
:23:11. > :23:16.right around the world and we want to hear from you. Get involved on
:23:17. > :23:25.the BBC Business Live web page. And on Twitter. You can find us on
:23:26. > :23:34.Facebook. Business Live on TV and online, whenever you need to know.
:23:35. > :23:39.Mike is back in the studio. We have asked you about the story in the
:23:40. > :23:44.Financial Times with Airbnb facing a fight for survival in New York City.
:23:45. > :23:48.Explain what this is about. Since the creation of their B yet has
:23:49. > :23:54.faced legal battles in various cities. Why is this a worry for
:23:55. > :23:59.them? The challenge Airbnb has is not being perceived as a straight
:24:00. > :24:06.competition for the hotel industry or for the rental market. Typically
:24:07. > :24:11.in cities where there is high demand for housing, they tend to run into
:24:12. > :24:17.trouble and legal battles that is what you have. You have the hotel
:24:18. > :24:21.industry in New York saying, you are going to steal our business, and on
:24:22. > :24:23.the other, you are going to use up the rental market for short-term
:24:24. > :24:29.breads. Do you it? I am used it.
:24:30. > :24:34.Normally I do not use any thing. You are the tech pioneer. Not
:24:35. > :24:40.normally, but I have used it. Very easy. I am going away in March and a
:24:41. > :24:45.friend has booked through Airbnb, so I can say I am on the roster but as
:24:46. > :24:51.yet have not sampled products. We asked viewers to get involved. David
:24:52. > :24:56.said it is always better to stay in a hotel.
:24:57. > :25:01.Privacy is at most. Laura goes in favour of Airbnb, saying we have a
:25:02. > :25:07.12-year-old and we can get more space, Cook, etc.
:25:08. > :25:11.The media, great fun family holidays, Airbnb, when hotels can be
:25:12. > :25:22.suitable. I know that, I have three little boys. And this one. If you
:25:23. > :25:27.can do it in a mining company that is something to do about. I work in
:25:28. > :25:32.the fund management industry and it is a wake-up call to everyone. I
:25:33. > :25:37.think it is a fantastic aspiration and something we should focus on. A
:25:38. > :25:40.nice picture of a woman in a hard hat walking across a nine.
:25:41. > :25:51.Thanks for coming in. And good to see you as well.
:25:52. > :25:54.That is Business Live. I am going to go home and get to that snap now!
:25:55. > :26:13.Goodbye. Hello, good morning. Another quiet
:26:14. > :26:14.day across most parts of the UK with dry weather in the