31/10/2017

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0:00:05 > 0:00:10This is Business Live from BBC News, with Sally Bundock and Ben Bland.

0:00:10 > 0:00:13Facebook says nearly half of all Americans might have seen

0:00:13 > 0:00:14divisive Russia linked posts ahead of last year's

0:00:15 > 0:00:17presidential election.

0:00:17 > 0:00:22Live from London, that's our top story on Wednesday, 31st October.

0:00:38 > 0:00:41The tech giant is due to tell politicians in Washington

0:00:41 > 0:00:43about Russia's impact on the poll, amid fears that it will face

0:00:43 > 0:00:46tighter regulation, along with Twitter and Google.

0:00:46 > 0:00:49Also in the programme....

0:00:49 > 0:00:51The Bank of England warns that Brexit could mean tens of thousands

0:00:51 > 0:00:59of financial services jobs are lost in the City of London.

0:00:59 > 0:01:04Kamal Ahmed will fill you in on what he knows. And markets in Europe are

0:01:04 > 0:01:10mixed. Bucking the trend in Asia were losses were right across the

0:01:10 > 0:01:11board.

0:01:11 > 0:01:14And trick or treat - we'll be getting the inside track

0:01:14 > 0:01:17on how one fancy dress company is cashing in on the growing

0:01:17 > 0:01:19appetite for Halloween that will see Britons spend more

0:01:19 > 0:01:20than ever before.

0:01:20 > 0:01:22As the big tech firms, Facebook, Google and Twitter, face

0:01:22 > 0:01:25a grilling over Russian meddling in the US election, we want to know

0:01:25 > 0:01:28- how much do you trust social media for news?

0:01:28 > 0:01:30Just let us know. Use the hashtag BBCBizLive.

0:01:39 > 0:01:44Hello and welcome to Business Live.

0:01:44 > 0:01:49Do get in touch with your comments. So much to get your teeth into. We

0:01:49 > 0:01:52are starting with Facebook, Twitter and Google.

0:01:52 > 0:01:55In a few hours' time Facebook, Twitter and Google's parent Alphabet

0:01:55 > 0:01:57will answer questions about how their platforms

0:01:57 > 0:02:01were exploited during last year's US Presidential election.

0:02:01 > 0:02:03Their lawyers' testimony to Congressional committees

0:02:03 > 0:02:05in Washington could eventually lead to tighter regulation

0:02:05 > 0:02:07of online advertising.

0:02:07 > 0:02:11One example of what's being questioned is the 80,000

0:02:11 > 0:02:13adverts which Facebook said were focused on "divisive

0:02:13 > 0:02:17social and political messages" around the election

0:02:17 > 0:02:18and were bought in Russia.

0:02:18 > 0:02:21Facebook has shared them with Congress.

0:02:21 > 0:02:24In terms of their influence, Facebook estimates that they were

0:02:24 > 0:02:32seen by about 126 million people before and after November's poll.

0:02:32 > 0:02:36Tech firms are concerned about the prospect of new regulation,

0:02:36 > 0:02:39and in the last week or so both Twitter and Facebook said

0:02:39 > 0:02:42they will improve advertising transparency, especially when it

0:02:42 > 0:02:45comes to political ads.

0:02:45 > 0:02:50Some leading Senators are proposing the Honest Ads Act, to regulate

0:02:50 > 0:02:54online ad sales for sites with more than 50 million US

0:02:54 > 0:03:01visitors each month.

0:03:01 > 0:03:07Technology Correspondent Rory Cellan-Jones is with me.

0:03:08 > 0:03:12Sally went through the numbers. As the story has developed, they

0:03:12 > 0:03:18interchange. We heard 3000 and 80,000.What is important today is

0:03:18 > 0:03:23until now we have been hearing about paid advertising on these different

0:03:23 > 0:03:27platforms, Facebook, Twitter and Google. This time we are hearing

0:03:27 > 0:03:34about free content. That is reaching far more people. Accounts that no

0:03:34 > 0:03:38turn out to be from a particular Russian organisation spreading

0:03:38 > 0:03:45across the Internet. The Washington post is reporting yes, 126 million

0:03:45 > 0:03:53Facebook users saw this material. Also, 1100 YouTube videos connected

0:03:53 > 0:04:02to Russian sources. And 36,000 Twitter pops. What we are seeing

0:04:02 > 0:04:07here is free. This must be a nightmare for these companies. The

0:04:07 > 0:04:10impact of this material is coming through free post on their

0:04:10 > 0:04:14platforms. That is what they will be deserving in front of Congress.It

0:04:14 > 0:04:20is quite interesting how the attitudes to it has -- have changed.

0:04:20 > 0:04:25Facebook initially dismissed the idea of Russian meddling as crazy

0:04:25 > 0:04:30talk?Exactly. That was Mark Zuckerberg's quote a day after the

0:04:30 > 0:04:33US presidential election when the subject became hot. Yes, it is

0:04:33 > 0:04:39crazy, why would you can -- think this would happen? He has had to

0:04:39 > 0:04:42apologise for that remark. Facebook is coming to terms with just how

0:04:42 > 0:04:46dangerous a position it is in. It is a major media platform. It doesn't

0:04:46 > 0:04:52want to be a media platform. Facebook experimented with pushing

0:04:52 > 0:04:58news stories out of its main news feeds so people just saw baby

0:04:58 > 0:05:01pictures, party pictures, the sort of stuff associated with Facebook.

0:05:01 > 0:05:06It is a difficult time for these social media companies. They don't

0:05:06 > 0:05:11want to be the media bit. They want to be social. Media companies get

0:05:11 > 0:05:18regulated and that is what they are frightened.They face this gruelling

0:05:18 > 0:05:23by US lawmakers. Do you think we will see any regulatory changes?It

0:05:23 > 0:05:28is quite difficult in the US with first Amendment protection to see

0:05:28 > 0:05:31what exactly might be done. That is obviously the fear for these

0:05:31 > 0:05:36companies. That is what they would be wary of in these two days' of

0:05:36 > 0:05:39hearings.

0:05:39 > 0:05:42There have been many warnings about the potential impact of Brexit

0:05:42 > 0:05:45on the City of London's role as one of the world's leading

0:05:45 > 0:05:46financial centres.

0:05:46 > 0:05:48But now the Bank of England is warning tens of thousands

0:05:48 > 0:05:50of jobs are at risk.

0:05:50 > 0:05:55Our economics editor is Kamal Ahmed.

0:05:55 > 0:05:59Tell smack more about this and what you are hearing?I'm hearing that

0:05:59 > 0:06:02the Bank of England asked all the financial institutions around the

0:06:02 > 0:06:09United Kingdom to come up with what they describe as contingency plans.

0:06:09 > 0:06:16Those plans were delivered over the summer. From that, this figure of

0:06:16 > 0:06:1875,000 possible job losses over three to five years has become

0:06:18 > 0:06:27clear. That number is connected to, if there were a no deal break with

0:06:27 > 0:06:30the European Union and Britain went to World Trade Organisation

0:06:30 > 0:06:34relationship with the rest of the EU. In the bank's mind that would be

0:06:34 > 0:06:38the most negative outcome, because it would mean the biggest hurdles

0:06:38 > 0:06:42between Britain and the rest of the European Union. It would mean that

0:06:42 > 0:06:46banks and financial institutions in the UK would have passporting writes

0:06:46 > 0:06:49to tread across the EU. That doesn't mean that the bank believes that is

0:06:49 > 0:06:55what will happen. The government is saying they want a good trade

0:06:55 > 0:07:00agreement. In the case of financial services, despite this morning, the

0:07:00 > 0:07:05European Union needs London as much as London needs the European Union,

0:07:05 > 0:07:10for business finance, for government finance. Yes, this is a warning. If

0:07:10 > 0:07:15there is no deal. But it is not the only option the bank is looking at.

0:07:15 > 0:07:17Kamal Ahmed. Lots more on our website.

0:07:17 > 0:07:20Let's take a look at some of the other stories making the news...

0:07:20 > 0:07:22Ryanair has said it still expects to make record annual

0:07:22 > 0:07:24profits this year - despite disruptions

0:07:24 > 0:07:29to its schedules that led it to cancel 20,000 flights.

0:07:29 > 0:07:32The airline said it made profits of $1.5bn in the six months

0:07:32 > 0:07:34to the end of September, and forecast a full-year

0:07:34 > 0:07:44profit of up to $1.68bn.

0:07:45 > 0:07:50Advertising giant WPP has cut sales forecast for the second time in two

0:07:50 > 0:07:55months. Like-for-like net sales and profit margin growth would be flat

0:07:55 > 0:08:02this year, it said. WPP says the UK remains it is best performing

0:08:02 > 0:08:02region.

0:08:02 > 0:08:04Growth in China's manufacturing sector cooled more than expected

0:08:04 > 0:08:07in October, in the face of tighter pollution rules that

0:08:07 > 0:08:09are forcing many steel mills, smelters and factories to curtail

0:08:09 > 0:08:14production over the winter.

0:08:14 > 0:08:16However, the figures also show that newer high-end manufacturing

0:08:16 > 0:08:18industries are continuing to grow.

0:08:25 > 0:08:30We have had a slew of earnings today from all sides of companies around

0:08:30 > 0:08:34the world, including Samsung, the electronics giant. It announced new

0:08:34 > 0:08:37leadership of the company as well. It has handle an ongoing management

0:08:37 > 0:08:38crisis.

0:08:38 > 0:08:41It comes amid record profits for the South Korean conglomorate.

0:08:41 > 0:08:46Mark Lowen is in Seoul.

0:08:46 > 0:08:49Just talk smack through these new figures and these new characters who

0:08:49 > 0:09:00have appeared on the scene?Profits in the third quarter of this year.

0:09:00 > 0:09:06$10 billion worth. That is 148% increase year-on-year. It is largely

0:09:06 > 0:09:11down to the success of the memory chips that Samsung makes. The

0:09:11 > 0:09:14company is the biggest maker of memory chips and a smartphones in

0:09:14 > 0:09:19the world. Extraordinarily resilient, particularly after major

0:09:19 > 0:09:25setbacks. The former Aero Samsung was convicted in August of paying

0:09:25 > 0:09:30money for political favours which brought down the leader of South

0:09:30 > 0:09:33Korea. The Samsung seven had to be recalled last year after the battery

0:09:33 > 0:09:39exploded. The CEO decided to step down. Amid fears of a crisis in

0:09:39 > 0:09:45leadership that the group, three new people have been appointed as CEOs

0:09:45 > 0:09:51keeping that triple management structure. They are all long-term

0:09:51 > 0:09:55insiders at some song. Open to continue very much the resilient

0:09:55 > 0:10:00performance in the third quarter. -- they are hoping to continue. The

0:10:00 > 0:10:07group says it is glad it performed in a robust performance given the

0:10:07 > 0:10:13difficulties the group has faced. Thank you. South Korea was the Mark

0:10:13 > 0:10:21Abbott buck the trend in Asia. Most markets in Asia or down. Let's

0:10:21 > 0:10:27quickly look at Europe. A mixed picture in Europe. The standard

0:10:27 > 0:10:34market is actually the Spanish market. Spain up 2.4% of the close

0:10:34 > 0:10:36of play yesterday. Higher today.

0:10:36 > 0:10:38And Michelle Fleury has the details about what's ahead

0:10:38 > 0:10:41on Wall Street Today.

0:10:41 > 0:10:51Is it trick-or-treat for Wall Street this Halloween? The Federal

0:10:51 > 0:10:54Reserve... Data released on Monday show inflation expectations remain

0:10:54 > 0:11:00low. With a recovery on firmer footing, many economists expect the

0:11:00 > 0:11:04central bank to raise interest rates. But not of this meeting. They

0:11:04 > 0:11:09think it may happen at the next one in December. Pfizer reports its

0:11:09 > 0:11:14third-quarter results this Tuesday. It is under pressure from investors

0:11:14 > 0:11:19to pull off a large deal to spur growth. Shale oil producer Devon

0:11:19 > 0:11:23energy is likely to post an increase in profits. Also watch out for

0:11:23 > 0:11:30results from Kellogg's and electronic art. As we have already

0:11:30 > 0:11:35heard in the programme, executives from Facebook, Google and Twitter

0:11:35 > 0:11:38are Washington for two days, to testify about Russian attempts to

0:11:38 > 0:11:40influence the US Judge presidential election.

0:11:40 > 0:11:41Joining us is Justin Urquhart-Stewart, co-founder

0:11:41 > 0:11:48and director of seven Investment Management.

0:11:48 > 0:11:55As Sally mentioned, the Spanish IBECs doing pretty well amid this

0:11:55 > 0:12:01political turbulence?You have to put it in context. Overall the

0:12:01 > 0:12:09European markets have recovered this year. What you saw last week was the

0:12:09 > 0:12:12market is falling away. They are now bouncing back again on the basis

0:12:12 > 0:12:17that maybe it's not going to be such a disaster. The concern was, would

0:12:17 > 0:12:22this be the Balkanisation of Spain? Would some of the other areas think

0:12:22 > 0:12:26they could break away as well? So far, so good. Nothing has been

0:12:26 > 0:12:34resolved. It is almost a relief at this stage.Talking of the worries

0:12:34 > 0:12:37out there, I would imagine traders don't know which way to turn at the

0:12:37 > 0:12:42moment. There is so much new store about different things. Whether it

0:12:42 > 0:12:46is Trump or investigations into his campaign. The Bank of England

0:12:46 > 0:12:49warning about thousands of jobs going in the City of London. What

0:12:49 > 0:12:52are you thinking about?There is supposed to be a discount mechanism

0:12:52 > 0:12:57in 18 months to two years saying what is going to happen. There are

0:12:57 > 0:13:00things you cannot factoring. The overriding issue is interest rates

0:13:00 > 0:13:05are low. Where else do you put your money? People don't like the bond

0:13:05 > 0:13:09market, the equity market looks fully valued. There are various

0:13:09 > 0:13:14alternatives. People say, we will go with it for a the time being. When

0:13:14 > 0:13:21things change and interest rates are raised, things may start to change.

0:13:21 > 0:13:25We are only halfway through quantitative easing put up the

0:13:25 > 0:13:31scaffolding increase the value of assets. What happens when you strip

0:13:31 > 0:13:34that scuttling away? Is the global economy strong enough to stand it?

0:13:34 > 0:13:39One of our guests yesterday was saying, just cut through this stuff

0:13:39 > 0:13:43going on, the politics and everything else, and just look at

0:13:43 > 0:13:48the banks of what they are doing. Yeah. The global economy still doing

0:13:48 > 0:13:53quite well. Also underlying company is not doing too badly. On that

0:13:53 > 0:13:57basis you are still there. Probably take a little bit of profit, thank

0:13:57 > 0:14:04you. We will talk about -- we will talk

0:14:04 > 0:14:05through the papers later.

0:14:05 > 0:14:07Still to come - trick or treat?

0:14:07 > 0:14:11We'll be getting the inside track on how one fancy dress company

0:14:11 > 0:14:13is cashing in on the growing appetite for Halloween that will see

0:14:14 > 0:14:16Britons spend more than ever before.

0:14:16 > 0:14:20You're with Business Live from the BBC.

0:14:36 > 0:14:38Let's get more on Ryanair now.

0:14:38 > 0:14:41The carrier announced today that it made profits of 1.14 billion

0:14:41 > 0:14:46in the six months to the end of September.

0:14:46 > 0:14:49And that it still expects to make record annual profits this year

0:14:49 > 0:14:53of up to £1.28 billion, despite disruptions to its schedules

0:14:53 > 0:14:56that led it to cancel 20,000 flights in September and October this year.

0:14:56 > 0:15:00Theo Leggett joins us now from our Business Newsroom.

0:15:00 > 0:15:05We are all expecting awful numbers from Ryanair, but they have

0:15:05 > 0:15:08confounded their critics once again? Well, let's divide the figures in

0:15:08 > 0:15:11two to start with. The first six months go to the end of September.

0:15:11 > 0:15:16So that was kind of before the full impact of the cancellations came in.

0:15:16 > 0:15:19So we wouldn't expect the results to be particularly badly affected and

0:15:19 > 0:15:24in fact they were very good. The summer period was a strong one for

0:15:24 > 0:15:28Ryanair. Had it had high load factors on its planes and not too

0:15:28 > 0:15:32many empty seats. The first-half numbers were strong. It is

0:15:32 > 0:15:36benefiting from lower fuel prices. A lot of old hedges where it was

0:15:36 > 0:15:41paying too much for its fuel are expiring and it is paying less. The

0:15:41 > 0:15:45intriguing bit, the second half of the year which will include the full

0:15:45 > 0:15:49brunt of the cancellations still looking very strong and that's

0:15:49 > 0:15:53despite the fact that 25 million euros, that's what it cost to

0:15:53 > 0:15:57compensate passengers and another 45 million euros for putting in a pay

0:15:57 > 0:16:01rise for pilots. Yes, this has been a resilient period for Ryanair and

0:16:01 > 0:16:07it thinks it can weather the storm. It is quite interesting, isn't it,

0:16:07 > 0:16:11their forecast is robust still and yet you would assume that its

0:16:11 > 0:16:15rivals, the likes of easyJet and so on would have been mopping up all

0:16:15 > 0:16:17the passengers who are fed-up with Ryanair because of the

0:16:17 > 0:16:23cancellations?Well, don't forget the wider picture here is the budget

0:16:23 > 0:16:26airline sector in Europe has been overcrowded in recent years. There

0:16:26 > 0:16:30has been too many seats and too many seats on particular routes such as

0:16:30 > 0:16:35holiday routes to the Mediterranean. Over the past year we have seen the

0:16:35 > 0:16:42collapse of Air Berlin and Monarch which has reduced the element of

0:16:42 > 0:16:46competition and Ryanair reckons it can profit from that.Theo, good to

0:16:46 > 0:16:52see you. More on the website. The Business Live page is updated

0:16:52 > 0:16:59throughout the day. BP's third quarter profits double. They came in

0:16:59 > 0:17:01at $1.87 billion.

0:17:06 > 0:17:10You're watching Business Live. Our top story:

0:17:10 > 0:17:17Facebook has said that over 120 million Americans may have seen

0:17:17 > 0:17:21Russian back propaganda on its site over the past two years. It comes

0:17:21 > 0:17:26ahead of congressional hearings in Washington which may possibly lead

0:17:26 > 0:17:28to tighter regulation of online adverts.

0:17:28 > 0:17:35A quick look at how markets are faring.

0:17:35 > 0:17:41Not tee excited or under whelmed. Flat right now as markets continue

0:17:41 > 0:17:45to trade and digest the earnings we have had from many, many companies.

0:17:45 > 0:17:48Let's talk about the spending frenzy that revolves around Halloween

0:17:48 > 0:17:50with consumers on both sides of the Atlantic set to spend

0:17:50 > 0:17:53more than ever before.

0:17:53 > 0:17:56In the US, it's expected to hit a record of $9.1 billion

0:17:56 > 0:18:00for this 31st October.

0:18:00 > 0:18:02Of that, $3.4 billion will go on costumes,

0:18:02 > 0:18:05clothes for fancy dress.

0:18:05 > 0:18:08In a survey, 38% of people said they'd go to a specialty shop

0:18:08 > 0:18:13to stock up on all things spooky.

0:18:13 > 0:18:16Here in the UK, Angels Fancy Dress, in operation since 1840,

0:18:16 > 0:18:18is hoping to cash in on the increasingly popular holiday.

0:18:18 > 0:18:27Jeremy Angel, director of Angels Fancy Dress is here.

0:18:27 > 0:18:31I have to say, I was hoping you would be dressed up!Sorry to

0:18:31 > 0:18:35disappoint.Never mind. We will get over that. We'll get over that. I

0:18:35 > 0:18:39mean we are saying you are hoping to cash in. You have been doing it for

0:18:39 > 0:18:42years, but you have noticed a massive surge in the whole

0:18:42 > 0:18:50Hallowe'en...Yes.Bonkersness. About 20 years ago, we started doing

0:18:50 > 0:18:55fancy dress and that was just hiring the normal costumes from film and

0:18:55 > 0:18:59TV. Then probably about ten years, eight years a we started doing the

0:18:59 > 0:19:03packet costumes and the accessories, the wigs, the rings and the fake

0:19:03 > 0:19:06blood and it has gone crazy and especially in the last five years it

0:19:06 > 0:19:13has grown and grown. I think Mintel have it at £325 million the spend

0:19:13 > 0:19:18will be this year.People, you know, I know friends of mine, they love

0:19:18 > 0:19:21making their own. How do you stand apart from the rest of the market?

0:19:21 > 0:19:27Price and range is always going to come into it. We have got one of the

0:19:27 > 0:19:30largest collections online and in store, if you go to our shop, there

0:19:30 > 0:19:34is hundreds of thousands of costumes for kids and adults and the same

0:19:34 > 0:19:37with the website. You have got to have new ranges and come up with

0:19:37 > 0:19:41clever ways of making a simple costume more different and allowing

0:19:41 > 0:19:47it to stand out.What's the most extravagant costume you sell?It is

0:19:47 > 0:19:57a racy costume. It is almost, they are about £400 or £500.£500 on a

0:19:57 > 0:20:04costume?We can hire you one.Ben is figuring it out. Have you got a

0:20:04 > 0:20:15costume?It is hard work. That's the thing.I went for the simple Beetle

0:20:15 > 0:20:26Juice this year. Teen Wolf and Beeetle Juice and you can go as the

0:20:26 > 0:20:33Jocker from the Batman film.Film is one of the big areas for you and the

0:20:33 > 0:20:39period tra dra mas that we have seen like the Queen on Netflix, the

0:20:39 > 0:20:43Crown, sorry, get that right. The Crown, but game of thrones, you have

0:20:43 > 0:20:47seen a big surge in that side of your business as well?We have,

0:20:47 > 0:20:50Netflix and Amazon changed outside TV and film is being approached.

0:20:50 > 0:20:55There is more bigger productions happening. So the Crown is a huge

0:20:55 > 0:21:00success on TV as well as it is for the industry. They have been some of

0:21:00 > 0:21:03the biggest projects we have had for the past few years and you notice a

0:21:03 > 0:21:07trend. There is more costume dramas being made and if you look at the TV

0:21:07 > 0:21:12that you are seeing, people are trying to emulate.How can you cash

0:21:12 > 0:21:16in on that surge? Netflix make a lot of their own stuff, don't they?

0:21:16 > 0:21:20Netflix, they are still hiring a lot of the costumes.The makers of game

0:21:20 > 0:21:26of thrones?Game of thrones make their own costumes. You have to put

0:21:26 > 0:21:31deals and work with them and if you have got the stock and we have got

0:21:31 > 0:21:348.5 miles of hanging rails and 2.5 million items of clothing so we have

0:21:34 > 0:21:39a lot of original period costume and it is expensive to make, things that

0:21:39 > 0:21:43like like the 1920s and cameras are in HD so everything will be so clear

0:21:43 > 0:21:47and it needs to be accurate it might be more appealing to the producers

0:21:47 > 0:21:50to higher more accurate and original costumes than make their own.You

0:21:50 > 0:21:57say you have got a shop in the centre of London. Do you still think

0:21:57 > 0:22:06it is with your while having a bricks and mortar shop?No, bricks

0:22:06 > 0:22:11and mortar will stay. With avenue presence in shafs bury Avenue. We

0:22:11 > 0:22:15have been in that building since it was opened. So that's part of our

0:22:15 > 0:22:19history as well, but people know we're there. They know the store is

0:22:19 > 0:22:25there and it is a go to location and we will be staying in bricks and

0:22:25 > 0:22:30mortar as well as online.If anyone knows Mr Ben, it is important.Have

0:22:30 > 0:22:35you got a Hallowe'en costume sorted? That makes two of us.I'm not doing

0:22:35 > 0:22:37it.

0:22:37 > 0:22:40If you can't bear busy airports then brace yourself because the world's

0:22:40 > 0:22:42hubs are about to get more hectic.

0:22:42 > 0:22:44Estimates suggest the annual number of air travellers will reach

0:22:44 > 0:22:487.2 billion in 2035 - more than double the current number.

0:22:48 > 0:22:50Singapore's Changi Airport has just opened its latest terminal

0:22:50 > 0:22:52with new technology to make the journey smoother.

0:22:52 > 0:22:57Karishma Vaswani was there.

0:22:58 > 0:23:00This is what air travel typically looks like these days.

0:23:00 > 0:23:04A lot of people, a lot of waiting, not a lot of fun.

0:23:04 > 0:23:08Singapore's Changi Airport has launched a new terminal where a key

0:23:08 > 0:23:10feature is contactless travel.

0:23:10 > 0:23:13Now, in theory that means you go from check-in all the way

0:23:13 > 0:23:15to boarding and never have to interact with anybody.

0:23:15 > 0:23:19So how does it work?

0:23:40 > 0:23:42Maybe I'm old-fashioned, but the use of so much technology

0:23:42 > 0:23:45in an airport does raise security concerns for me.

0:23:45 > 0:23:48What if one of these machines were to be hacked?

0:23:48 > 0:23:51Airport officials say they have been put through numerous tests

0:23:51 > 0:23:54and for all the hype that this process being people free,

0:23:54 > 0:23:57there will still be staff roaming around so I'm going to go check it

0:23:57 > 0:23:59around so I'm going to go check it out.

0:23:59 > 0:24:05See you!

0:24:10 > 0:24:14I wish my experience at Luton Bank Holiday weekend was similar to that,

0:24:14 > 0:24:18but it wasn't. It was awful.

0:24:18 > 0:24:24Justin Urquhart-Stewart is here.

0:24:24 > 0:24:28France saying it proposed taxes on US tech companies?They think they

0:24:28 > 0:24:32want to focus on I think smaller tech companies and they can try and

0:24:32 > 0:24:34develop them. The problem is when you have got the tech companies that

0:24:34 > 0:24:38are becoming so vast and the same thing is happening in the States,

0:24:38 > 0:24:41they are running into antitrust rules and you have to go back now

0:24:41 > 0:24:49over a century to the days of the big steel combines, to the days of

0:24:49 > 0:24:54Carnegie and Standard Oil. So the likes of Google is dominant. It has

0:24:54 > 0:24:59a monopoly, it buys up competitors if it is anti-competitive. You are

0:24:59 > 0:25:04seeing a different way of going about it. Europe maybe leading a

0:25:04 > 0:25:07similar way and America may copy, in order to have more competition we

0:25:07 > 0:25:11have got to break up president giants.I want to talk about...Ten

0:25:11 > 0:25:17seconds, Ben.We were asking this morning about do you still trust

0:25:17 > 0:25:22social media for your news? Quite a few of you got in touch, Steve says,

0:25:22 > 0:25:30"You can't trust social media. Paper headlines are mess leading. ." Jez

0:25:30 > 0:25:35says, "I treat the internet like a stranger in a dark alley." What's

0:25:35 > 0:25:39your viewPeople are fussy over their different groups and they are,

0:25:39 > 0:25:43very, very cynical over what is happening and right too. Be cynical

0:25:43 > 0:25:48and find out where the truth is really coming from.Traditional news

0:25:48 > 0:25:55media, maybe. Thank you, Justin. Good to see you. See you soon.

0:25:55 > 0:26:01Thank you for your company. Enjoy your day. Even if you are dressing

0:26:01 > 0:26:02up, send us a picture.