:00:00. > :00:00.This is Business Live from BBC News, with Ben Thompson and Sally Bundock.
:00:07. > :00:14.Plans for an early election in the UK look set to be approved
:00:15. > :00:16.as the Prime Minister seeks to strengthen her hand
:00:17. > :00:35.Live from London, that's our top story on Wednesday 19th of April.
:00:36. > :00:39.The UK will go to the polls on June eighth and Brexit will be the key
:00:40. > :00:59.We will have the details. The Chinese giant that will be sharing
:01:00. > :01:03.its driverless car technology. Could it accelerate the sector? After a
:01:04. > :01:06.busy day for the markets die jesting the news of the snap election, this
:01:07. > :01:08.is how the numbers in Europe have open. We will have the details for
:01:09. > :01:15.you, and why. We'll be crossing live
:01:16. > :01:21.to Brussels to find out. What do you want to ask
:01:22. > :01:24.about what the election means for Brexit Just use the hashtag
:01:25. > :01:37.#BBCBizLive. Nine months after becoming
:01:38. > :01:47.Prime Minister, Theresa May is throwing the dice and betting
:01:48. > :01:50.on victory in a snap Today, MP's are expected to vote
:01:51. > :01:58.in favour of the proposal, which Mrs May says will bring
:01:59. > :02:00.greater certainty as Britain prepares to leave
:02:01. > :02:01.the European Union. The pound was on a roller
:02:02. > :02:06.coaster ride - it jumped - then swung to loss and back again
:02:07. > :02:09.rising by as much as two point 7% against the US dollar -
:02:10. > :02:12.some analysts believe markets are cheering the prospect
:02:13. > :02:14.of a larger Conservative majority which would give LESS power
:02:15. > :02:16.to hardline Eurosceptics The FTSE 100 - the leading stock
:02:17. > :02:29.market in London - fell 1.8% - the biggest fall since early
:02:30. > :02:32.November - but remember it's because a stronger pound
:02:33. > :02:34.makes their dollar denominated But despite the ongoing uncertainty,
:02:35. > :02:37.the International Monetary Fund has revised its forecasts for the UK
:02:38. > :02:40.economy UP - predicting growth That would make it the second
:02:41. > :02:43.fastest growing developed economy in the world,
:02:44. > :02:49.behind only the United States. Business groups have used
:02:50. > :02:51.yesterday's news to demand politicians make firm commitments
:02:52. > :02:53.as part of any potential Will they get them? That's the big
:02:54. > :03:09.question. In a moment, we'll hear
:03:10. > :03:12.from the boss of WPP. which is the world's
:03:13. > :03:13.biggest advertising agency. But first here's the Director
:03:14. > :03:15.General of the Confederation of British Industry which represents
:03:16. > :03:26.nearly 200,000 UK businesses. More uncertainty not welcomed by
:03:27. > :03:29.business but in terms of the longer term benefits, I think many
:03:30. > :03:33.businesses are seeing the opportunity for a government with a
:03:34. > :03:37.stronger mandate bringing longer-term stability and also a
:03:38. > :03:41.potential benefit in terms of timing, in that the implementation
:03:42. > :03:45.period at the end of Article 50 was going to have a general election in
:03:46. > :03:52.it and may now need to be run with a period of stability, so some good
:03:53. > :03:56.news, a silver lining from this. I can't see that it will make the EU
:03:57. > :04:01.negotiate less effectively, but on the other hand it gives her a much
:04:02. > :04:05.stronger position. She is not susceptible to uprisings or results
:04:06. > :04:10.from the hard Brexiteers. I think the reason why sterling strengthened
:04:11. > :04:17.is that the markets are saying this probably means a softer Brexit or a
:04:18. > :04:19.transition agreement, rather than, again falling over a cliff at the
:04:20. > :04:25.end of negotiations. Mark Littlewood is Director General
:04:26. > :04:27.of the UK's Institute of Economic Affairs a free-market
:04:28. > :04:34.think tank based here in London. Just to say so the viewers are
:04:35. > :04:41.aware, the think tank itself is neutral but you yourself are very
:04:42. > :04:50.much pro-Brexit, that was your boat last year. Give us your take on the
:04:51. > :04:54.timing of this snap election. I think the Prime Minister has done
:04:55. > :04:57.the right thing. At the moment the Conservatives have a very thin
:04:58. > :05:03.majority and in normal political cycles that would diminish further
:05:04. > :05:08.in the next two or three years. So a snap election now is a chance for a
:05:09. > :05:11.fresh mandate. If Theresa May Winscombe which the opinion polls
:05:12. > :05:15.indicate she win, it will be her first public mandate, and if she
:05:16. > :05:19.were to return with a majority of say 100 or more, then she is in a
:05:20. > :05:22.stronger position around the negotiating table, not because it
:05:23. > :05:25.affects what the EU does, but because she doesn't need to look
:05:26. > :05:30.over her shoulder about what the House of Commons might do. If she
:05:31. > :05:45.does win decisively, and that is her gamble
:05:46. > :05:49.that what the opinion polls say, then she is in a stronger position
:05:50. > :05:51.because she doesn't need to worry about domestic political concerns
:05:52. > :05:53.when she is sitting face-to-face with the EU, having triggered
:05:54. > :05:55.Article 50. Why the change of heart, because she was on record, no
:05:56. > :05:57.general election, no general election, oh, we are having a
:05:58. > :06:00.general election. Why the change of heart? I am not sure there has been
:06:01. > :06:03.a change of heart. The nature of these things, if you are going to
:06:04. > :06:06.call a snap election, it needs to be a bulk from the blue. The BBC only
:06:07. > :06:09.had an hour 's notice that Theresa May was going to say something. But
:06:10. > :06:13.she couldn't have done was to have the last six months of saying well,
:06:14. > :06:16.I'm mulling it over, I think it is 50-50 whether I have an election,
:06:17. > :06:20.some Bupa think I should, some think I should not. You need to be
:06:21. > :06:25.decisive, and that means she has decisively had to change her mind on
:06:26. > :06:29.this. So we know about that for sure but as Carolyn said and Sir Martin
:06:30. > :06:34.said there are so much uncertainty still and that will continue in the
:06:35. > :06:37.next few weeks and beyond. The pound rose strongly, many would argue, on
:06:38. > :06:42.the view that those hardline Eurosceptics within the Conservative
:06:43. > :06:45.Party will now be further die looted by this general election. Actually
:06:46. > :06:51.that's something I presume you don't want because you actually want a
:06:52. > :06:54.hard Brexit? I do want a hard Brexit, a clean Brexit, a decisive
:06:55. > :06:58.Brexit, call it what you will. We don't know yet what will be in the
:06:59. > :07:02.Conservative Party manifesto but I suspect Theresa May will end up
:07:03. > :07:05.being a hard Brexiteer. I think the Conservative manifesto will commit
:07:06. > :07:10.the UK to leaving the customs union and leaving the single market.
:07:11. > :07:15.That's about as hard as Brexit gets. Will the public vote for that? We
:07:16. > :07:19.don't know the answer, that is up to the public on June the 8th. If
:07:20. > :07:22.opinion polls are about to be believed, and they have not got
:07:23. > :07:28.everything right in recent years. But if they are to be believed,
:07:29. > :07:36.Theresa May is on track for a landslide victory, and therefore the
:07:37. > :07:39.lines in the thing will be the decisive part of the negotiation and
:07:40. > :07:44.I think that the Conservatives and Theresa May will make to a pretty
:07:45. > :07:50.hard Brexit and win a mandate for it. We shall watch this space. Thank
:07:51. > :07:55.you for your time. We talk about the battle lines being drawn, six weeks
:07:56. > :07:56.of interesting campaigning to come. Let's bring you up to date with the
:07:57. > :08:00.news. The Dutch paint and chemicals giant
:08:01. > :08:03.AkzoNobel has reported record profits for the first three months
:08:04. > :08:05.of the year coming It's a welcome boost
:08:06. > :08:08.for the company's chief executive as he tries to fend off a hostile
:08:09. > :08:12.takeover from US rival PPG. US President Donald Trump has
:08:13. > :08:14.ordered a review of a temporary visa programme used to place foreign
:08:15. > :08:17.workers in high-skilled US jobs. Technology firms are amongst those
:08:18. > :08:20.most reliant on the H1-B scheme which admits 85,000 people a year
:08:21. > :08:22.to the US. Mr Trump also told government
:08:23. > :08:24.agencies to enforce existing rules on excluding foreign contractors
:08:25. > :08:26.from bids for government projects. The computing giant IBM has
:08:27. > :08:29.announced a fall in sales in the first three months
:08:30. > :08:34.of the year. It marks the fifth straight year
:08:35. > :08:37.of declining revenues for the company as it struggles
:08:38. > :08:40.to adapt to the switch to cloud computing and programmes -
:08:41. > :08:42.affecting demand for its consultants, hardware
:08:43. > :09:00.and traditional software. Lots of other business stories out
:09:01. > :09:03.there, believe you me, apart from the fact we are heading for an
:09:04. > :09:11.election here in the UK. Among them, Burberry. The luxury goods company,
:09:12. > :09:14.it is reporting a slight slowdown in fourth-quarter sales. Tough
:09:15. > :09:17.conditions in the US, it says, weighed on its performance in the UK
:09:18. > :09:23.but it describes its performance in the UK as exceptional. That may well
:09:24. > :09:28.be because actually there has been a real rise in tourism, luxury goods
:09:29. > :09:35.bought in the UK, because of the weakness of sterling since last June
:09:36. > :09:38.Fozz friend. Burberry down 6.1% so far as a result of those figures. We
:09:39. > :09:42.will keep an eye on that. Chinese internet giant Baidu has
:09:43. > :09:44.said it will share much of the technology it has created
:09:45. > :09:57.for its self-driving cars. We have talked about all sorts of
:09:58. > :10:02.driverless cars race and the really driverless cars race and the really
:10:03. > :10:05.is a race, isn't it? It is, and what is surprising is that it is the
:10:06. > :10:09.Chinese firm doing this, quite the reverse of other companies in the
:10:10. > :10:14.sector, such as Tesla and Google, who have tended to keep key
:10:15. > :10:18.developments in driverless technology secret. Baidu predicts
:10:19. > :10:23.the project, called Apollo, would help drive the developer. Autonomous
:10:24. > :10:26.vehicles. It is the Chinese internet giant, and they made the
:10:27. > :10:31.announcement ahead of the Shang guy auto show. They said the
:10:32. > :10:35.technologies would be available as soon as July -- Shanghai auto show.
:10:36. > :10:42.It would make a range of services available to car-makers. Baidu has
:10:43. > :10:45.been developing the self drive vehicles since 2015, and analysts
:10:46. > :10:49.say it could benefit Baidu as it puts them in the position of
:10:50. > :10:55.becoming the supplier of the brains for more cars than just the ones of
:10:56. > :10:59.makes itself. And one potential benefit is also revenue from
:11:00. > :11:03.car-makers in the long term. Analysts say this is a move a bit
:11:04. > :11:06.like Google's decision to release android, the free operating system
:11:07. > :11:10.for smartphones, even though it was free to use became a successful
:11:11. > :11:14.Google because it actually drove users to the company's various
:11:15. > :11:18.mobile apps and services. So watch this space. We will and I know you
:11:19. > :11:23.will keep us posted from Singapore. Thank you very much. Let's look at
:11:24. > :11:26.the numbers. Uncertainty is the name of the game.
:11:27. > :11:28.Just as the election cycle of the Netherlands,
:11:29. > :11:31.Germany and France was coming to an end, add in the new
:11:32. > :11:36.But sharp falls in commodity prices have already been a drag
:11:37. > :11:39.Iron ore prices hitting their lowest levels this year,
:11:40. > :11:42.copper prices down too, hitting their lowest levels
:11:43. > :11:48.since early January - over worries of oversupply.
:11:49. > :11:51.But in Europe - the falls came on the back of that
:11:52. > :11:56.As we've said, the rebound in the pound doesn't help the FTSE -
:11:57. > :11:59.with earnings of the top 100 companies looking much rosier
:12:00. > :12:09.But don't expect too much election-related
:12:10. > :12:14.on the markets ahead of the vote on June 8th.
:12:15. > :12:17.Unless the polls show a weakening of support for the Conservatives.
:12:18. > :12:19.Continued support gives Theresa May a stronger mandate to take
:12:20. > :12:21.on hardline anti-EU backbenchers and that could take
:12:22. > :12:23.the edges off what's become known as 'hard Brexit'.
:12:24. > :12:27.We'll assess that more in a moment - but let's first head to the US
:12:28. > :12:29.where Michelle Fleury has the details of the day
:12:30. > :12:36.US indexes seem unable to break their losing streak.
:12:37. > :12:39.Will the latest earnings out of America change that momentum?
:12:40. > :12:41.Shares in the big American bank Goldman Sachs weighed heavily
:12:42. > :12:50.That was after its quarterly results disappointed investors.
:12:51. > :12:51.This Wednesday, Morgan Stanley reports
:12:52. > :12:54.Cost-cutting and a strong performance by its
:12:55. > :12:56.trading desk is expected to lift profits.
:12:57. > :12:58.Meanwhile, failure to keep down expenses could cost American
:12:59. > :13:05.Analysts are forecasting a drop in its quarterly profits and
:13:06. > :13:07.the payment company is also suffering from lower rates to
:13:08. > :13:13.merchants as well as competition in the reward space.
:13:14. > :13:14.And on the technology front, well, improved
:13:15. > :13:19.royalties from Chinese smartphone makers,
:13:20. > :13:21.that is expected to lift the
:13:22. > :13:31.So there is plenty going on, really busy right now.
:13:32. > :13:33.Joining us is Jeremy Stretch, head of currency strategy
:13:34. > :13:42.Nice to see you. Good morning. Lots of stories breaking yesterday,
:13:43. > :13:48.moving markets and let a lot of as Mr because the ball from the blue
:13:49. > :13:53.from Theresa May. A good day to bury bad news at least in this market as
:13:54. > :13:56.far as Godman are concerned. We did not necessarily focus quite so much
:13:57. > :14:00.of a Goldman earnings, which were disappointing compared to their
:14:01. > :14:05.peers. When you think about the volatility all the movement in the
:14:06. > :14:08.aftermath of the Trump election back in November you would have
:14:09. > :14:11.notionally assumed that Goldman's model based on high levels of
:14:12. > :14:18.trading and volatility would have benefited from that, so that was
:14:19. > :14:22.something about surprise. Let's took quickly, the IMF upgrading for the
:14:23. > :14:26.UK, the timing coincidental. Absolutely. CHUCKLING
:14:27. > :14:33.It put it only behind the United States. And behind Canada, coming
:14:34. > :14:37.from a Canadian house. I think it is interesting that the IMF have pushed
:14:38. > :14:40.their numbers up in line are both governments and the and also the
:14:41. > :14:44.Bank of England. I think the question is whether we can sustain
:14:45. > :14:46.the level of growth we have seen in quarters three and four based on
:14:47. > :14:51.consumption because of course we have seen the savings ratio in
:14:52. > :14:54.quarter four the lowest in the generation. Consumers are still
:14:55. > :14:57.spending or have been spending at the expense of running down their
:14:58. > :15:01.savings. That is not a long-term scenario that can be sustained and
:15:02. > :15:04.of course we are still seeing the legacy of the price fall in the
:15:05. > :15:08.value of sterling over the last year. Consumers will struggle
:15:09. > :15:13.further in the year. For now, thank you, Jeremy. Not often just yet. He
:15:14. > :15:20.will return and talk about some other business stories. Not more on
:15:21. > :15:22.the election there is to come. Still to come, and we will talk about
:15:23. > :15:23.that. What does the UK's snap
:15:24. > :15:26.election mean for Brexit? We'll be live in Brussels to assess
:15:27. > :15:33.the impact on the negotiations. Keep sending in your questions, we
:15:34. > :15:34.will put that to our Europe corresponded in Brussels.
:15:35. > :15:45.You're with Business Live from BBC News.
:15:46. > :15:49.One of Britain's most successful business people -
:15:50. > :15:52.Jayne Anne Gadhia - the head of the Virgin Money Bank -
:15:53. > :15:54.has for the first time revealed her struggles
:15:55. > :16:00.In an exclusive interview with the BBC she describes her
:16:01. > :16:03.debilitating bout of post natal depression and her continuing mental
:16:04. > :16:09.Particularly periods of stressful work.
:16:10. > :16:11.She's been speaking to our economics editor Kamal Ahmed.
:16:12. > :16:19.The first time that I'd ever, ever experienced what people had
:16:20. > :16:22.described as depression I'd always sort of assumed depression was
:16:23. > :16:24.something that was a bit weak minded or something.
:16:25. > :16:26.And when it hit me I realised nothing could be further
:16:27. > :16:32.The sort of thing that comes into your life and sucks
:16:33. > :16:37.I don't know where to go, I don't know what to
:16:38. > :16:42.You're at that point where everybody expects you to be happy
:16:43. > :16:49.Her response to mental illness, to ask for help from
:16:50. > :16:51.friends, doctors, colleagues at work, and from close
:16:52. > :16:57.For Jayne Anne, years later in the run-up
:16:58. > :17:06.to the Virgin Money's debut on the stock exchange.
:17:07. > :17:09.The stress there, Jayne, you said led to
:17:10. > :17:12.I mean, it was an important, big emotional issue.
:17:13. > :17:16.You think, gosh, if I can't do this what is the way out?
:17:17. > :17:18.There is no way out, I can't tell anybody,
:17:19. > :17:19.what are the press going to
:17:20. > :17:25.I thought I was but sometimes you think the
:17:26. > :17:30.I didn't go too far down that route but I can understand how people can
:17:31. > :17:38.never allow that to happen to people.
:17:39. > :17:41.Do you think people still see depression as a sign of weakness?
:17:42. > :17:44.If one of us turns up to work on crutches with a broken
:17:45. > :17:46.leg it's easier to sympathise, or empathise, or help.
:17:47. > :17:49.But when you can't see it I think that's much
:17:50. > :17:52.That's part of the reason why both raising the
:17:53. > :17:57.a sensible and controlled way discussing it, means that it can be
:17:58. > :17:59.remediated in some way, whatever the right way
:18:00. > :18:26.Jayne Anne Gadhia speaking about her experiences.
:18:27. > :18:29.You're watching Business Live - our top story:
:18:30. > :18:32.The UK Parliament is today expected to approve the Prime Minister's
:18:33. > :18:36.plans to hold a snap election on June 8th.
:18:37. > :18:44.Brexit is expected to dominate the campaign.
:18:45. > :18:48.A quick look at how markets are faring.
:18:49. > :18:56.I would like to mention France for our viewers in France. There is the
:18:57. > :19:02.CAC 40, currently down slightly. On Sunday it is the first round in
:19:03. > :19:07.their presidential race. That will bring the several candidates down to
:19:08. > :19:12.two remaining candidates who will go in neck and neck to the month of May
:19:13. > :19:19.so let's not just be obsessed with our events in June, important time
:19:20. > :19:21.in France. That's how they are looking.
:19:22. > :19:26.After the roller-coaster movement yesterday, the snap election, the
:19:27. > :19:31.pound against the dollar, 1.28, rising sharply.
:19:32. > :19:36.We promised you the view from Brussels so let's do that on
:19:37. > :19:39.business life. The impending departure of the UK from the
:19:40. > :19:41.European Union is a key issue in this election.
:19:42. > :19:44.Our correspondent Gavin Lee joins us from Brussels.
:19:45. > :19:50.We have had quite a few questions coming through from viewers on this.
:19:51. > :19:53.I want to start off with Peter's question because it was going to be
:19:54. > :19:58.my first question anyway. What is the view in EU? Will a strong
:19:59. > :20:01.Conservative presence in Westminster League 2, I want to get his question
:20:02. > :20:10.exactly right, a more favourable Brexit deal -- lead to? The view
:20:11. > :20:13.here from the European Commission and council, the conduit between
:20:14. > :20:18.Britain and the other 27 countries, is potentially it could be. We are
:20:19. > :20:22.told by senior EU staff, when you have Theresa May dusting down the
:20:23. > :20:28.cobwebs of the hard Brexiteers, those who were four remain, if there
:20:29. > :20:31.is more of a unity government, presumably done at presuming she is
:20:32. > :20:35.elected and it is not one of the other parties, the big concern here
:20:36. > :20:40.is what happens in 2019 is that some are worried there will be a hard
:20:41. > :20:44.Brexit, that because in 2020 there is supposed to be a General Election
:20:45. > :20:49.which has been brought forward, by 2019 there could be an emphasis by
:20:50. > :20:53.those arguing for a harder Brexit that Britain basically tethers
:20:54. > :20:57.itself, there is no transitional agreement in place and for Europe
:20:58. > :21:01.all round that seems problematic for the markets. That might be something
:21:02. > :21:05.if Theresa May has a mandate to be a straight negotiator, things might be
:21:06. > :21:09.easier. That is basically, what is happening here is some of the EU
:21:10. > :21:16.diplomats are moving the chess pieces forward and looking at some
:21:17. > :21:18.of the potential positives. Yesterday a Prime Minister said it
:21:19. > :21:23.is problematic because they are moving the date further and further
:21:24. > :21:27.until they can get into proper Brexit negotiations. Gavin, you have
:21:28. > :21:30.been in Brussels to rout this and throughout the EU referendum. I'm
:21:31. > :21:34.interested in what people are made of this when the news came in
:21:35. > :21:39.yesterday. It was a surprise for everybody in the UK. Was there a
:21:40. > :21:45.tutting and eye rolling response in Brussels? Genuine shock. I was in a
:21:46. > :21:49.midday briefing where all of the EU commission officials sit down to
:21:50. > :21:52.discuss the matters of the data. Turkey was big on the agenda
:21:53. > :21:55.yesterday given the referendum and I mention the fact the news had come
:21:56. > :21:59.in from Theresa May and there was real shock. The officials giving the
:22:00. > :22:03.press conference had no information is my impression talking to some of
:22:04. > :22:06.the staff yesterday was that there was no briefing, nobody was told in
:22:07. > :22:17.advance. There was a conversation afterwards with Donald Tusk, the
:22:18. > :22:19.head of the European Council, and heat we did a Hitchcock reference,
:22:20. > :22:21.just like Brexit the movement, firstly earthquake and then the
:22:22. > :22:23.tension builds, one of Alfred Hitchcock's quotes. It took them by
:22:24. > :22:26.surprise and now they say their position has not changed and they
:22:27. > :22:31.are ready to start talks. It is very different to how the movie ends and
:22:32. > :22:33.we can't choose our own ending, unfortunately. If we talk about what
:22:34. > :22:38.is going on this weekend in France, there could be another real issue
:22:39. > :22:43.for Brussels if France were to go in the direction of Marine Le Pen.
:22:44. > :22:49.Massively. I will be in Paris in a few days' time. Whittling down to
:22:50. > :22:53.potentially two candidates if they get through to the second round and
:22:54. > :22:56.Marine Le Pen is at the moment in contention. In the polls at the
:22:57. > :22:59.moment it looks like she is in second place with a chance to become
:23:00. > :23:05.the French President and she is strongly advocating taking France
:23:06. > :23:11.out of Europe and wants a referendum on the Euro. That would be a game
:23:12. > :23:14.changer. It comes back to the fact that EU staff on Brexit are saying
:23:15. > :23:18.that the British election is big, they believe the French election is
:23:19. > :23:22.potentially bigger given there is a real unknown candidate here. In
:23:23. > :23:25.brief talks proper will probably start for Brexit in September given
:23:26. > :23:29.what is happening behind us and given what is happening with the
:23:30. > :23:33.British election. Gavin, good to talk to you as always, thank you for
:23:34. > :23:40.bringing us up to date. Was of twists and turns as this unfolds but
:23:41. > :23:42.we will keep you across that with our team particularly in Brussels
:23:43. > :23:45.about the indications for Brexit. Jeremy is back and we are discussing
:23:46. > :23:49.some of the other stories in the press today in terms of business, so
:23:50. > :23:52.a breather from elections for a little while. This is in the Wall
:23:53. > :23:57.Street Journal, sorry, the Washington Post, the newest Silicon
:23:58. > :24:00.Valley perk, paid time off to get out on the streets and protest
:24:01. > :24:03.against Mr Trump, the new President. Being paid on company time to
:24:04. > :24:08.protest against the leader of the free world is an interesting
:24:09. > :24:12.variants but it is very much the case that Silicon Valley, which is
:24:13. > :24:15.an international community, as huge numbers of migrant workers and is
:24:16. > :24:19.clearly a sector which is very much opposed to a lot of the policies
:24:20. > :24:22.being pursued by Mr Trump and now the perks are being included in the
:24:23. > :24:26.workplace. It is a sector that relies heavily on the specific
:24:27. > :24:31.reason that Trump has just recently honed in on in the last 24 hours in
:24:32. > :24:35.terms of how it is used and how much it is used. Absolutely, clearly the
:24:36. > :24:40.industry feels under threat and while the industry has been very
:24:41. > :24:44.much known for providing unusual perks to provide and facilitate the
:24:45. > :24:48.workforce on a daily basis, this is now a real and present danger for
:24:49. > :24:50.the industry and clearly they are responding to that by allowing them
:24:51. > :24:59.time off to protest. Quick story from which many cinemagoers may have
:25:00. > :25:04.noticed, you can't make movies without China, the message from
:25:05. > :25:07.Hollywood. The money that comes from China and potential audience.
:25:08. > :25:10.Indeed, that is the thing, when we have a big budget premier it's not
:25:11. > :25:14.just about the numbers we're looking at for the US opening but also how
:25:15. > :25:18.it opens in China. Clearly there is that new global franchise of viewers
:25:19. > :25:22.being opened up. The Chinese investor isn't just about putting
:25:23. > :25:24.money into the business but also looking at really entrenching
:25:25. > :25:32.themselves firmly in the industry and providing a real window into the
:25:33. > :25:34.Chinese culture and the Chinese process. Jeremy, thank you for
:25:35. > :25:40.coming in and joining us this morning. Another momentous day.
:25:41. > :25:46.The start of a big and busy campaign Trail, I am sure. We will keep you
:25:47. > :25:50.across the details from Westminster. That is it from Business Live, back
:25:51. > :26:07.here at the same time same place tomorrow. Bye bye.
:26:08. > :26:12.Hi, we're looking at are mainly dry day of weather today but the amount
:26:13. > :26:16.of sunshine and you get will vary from place to place. High pressure
:26:17. > :26:17.in charge but we have this week whether from