0:00:07 > 0:00:13This is Business Live from BBC News, I'm Susannah Streeter in London.
0:00:13 > 0:00:18And I'm Sally Bundock in Davos at the World Economic Forum.
0:00:18 > 0:00:20Our economy is booming , that's the upbeat message that US
0:00:20 > 0:00:26President Donald Trump is bringing here as he talks tough on trade.
0:00:26 > 0:00:28Live from London and Davos, that's our top story
0:00:29 > 0:00:34on Thursday 25th January.
0:00:48 > 0:00:53The president's team have been warning that the world's biggest
0:00:53 > 0:00:54economy is ready to impose more import tariffs,
0:00:54 > 0:00:57but will it lead to a full scale trade war?
0:00:57 > 0:01:00Also in the programme - The boss of leading US bank JP
0:01:00 > 0:01:02Morgan renews his warning that Brexit could mean job cuys
0:01:02 > 0:01:09in the City of London.
0:01:09 > 0:01:19Morgan renews his warning that --Brexit could mean job cuts
0:01:19 > 0:01:25And I'll be getting the inside track on
0:01:25 > 0:01:29Philanthropy for women by
0:01:29 > 0:01:34Philanthropy for women by women. HRH Crown Princess of Norway is here.
0:01:34 > 0:01:37Female empowerment is a big theme here this year, and you can join in
0:01:37 > 0:01:44the debate. As the allegations have surfaced about the hostesses who
0:01:44 > 0:01:48were harassed at a men only dinner in London, 50,000 people have signed
0:01:48 > 0:01:53a petition saying more needs to be done to protect women. Tell us what
0:01:53 > 0:01:55you think should be done.
0:02:11 > 0:02:14There are 3,000 of the world's top business and political leaders at
0:02:14 > 0:02:16the World Economic Forum in Davos.
0:02:16 > 0:02:19But none of them will get us much attention as the man
0:02:19 > 0:02:21arriving in a few hours , US President Donald Trump.
0:02:21 > 0:02:23Tensions have already been stoked with the US delegation talking
0:02:23 > 0:02:26of a trade war and more tariffs on imports.
0:02:26 > 0:02:27This week the President signed new protectionist measures
0:02:27 > 0:02:30against foreign goods - slapping tariffs of up to 30%
0:02:30 > 0:02:33on Chinese solar panels and up to 50% on South Korean washing
0:02:33 > 0:02:34machines.
0:02:34 > 0:02:37Mr Trump has alsoe threatened to pull out of the North American
0:02:37 > 0:02:39Free Trade Agreement with neighbours Canada and Mexico -
0:02:39 > 0:02:46it's worth $1.2 trillion.
0:02:46 > 0:02:49Talks to try and save it are under way this week in Montreal.
0:02:50 > 0:02:51The stakes are high.
0:02:51 > 0:02:53China, Mexico and Canada are the USA's top three
0:02:53 > 0:02:55trading partners - accounting for over 45%
0:02:55 > 0:02:58of its foreign trade.
0:02:58 > 0:03:01The dollar has been falling but Mr Trump's huge tax cuts have
0:03:01 > 0:03:05propelled US stock markets to record highs.
0:03:05 > 0:03:08So while some of the Davos delegates may disagree with him -
0:03:08 > 0:03:15many have found themselves a lot richer since he took office
0:03:15 > 0:03:20Sally is in Davos.
0:03:20 > 0:03:27Tell me more about Mr Trump's visit. Yes, I have to say here, there are
0:03:27 > 0:03:333000 delegates here. There are more heads of state here than in many
0:03:33 > 0:03:37years, and of course, lots of company chief executives. It is a
0:03:37 > 0:03:41bit like business news on speed. I have been talking to so many company
0:03:41 > 0:03:47bosses to get their sense of this year's Davos, which is completely
0:03:47 > 0:03:52dominated by the arrival of a sitting US president, the first time
0:03:52 > 0:03:56since 2000. But this is a very different US president. Let's talk
0:03:56 > 0:04:06in more detail with Philip Jennings, from the unique global union, an
0:04:06 > 0:04:15organisation representing 20 million members, 900 unions. Welcome to
0:04:15 > 0:04:20Business Live. President Trump tweeted before he left Washington,
0:04:20 > 0:04:24we will soon be heading to Davos to tell the world how great America is
0:04:24 > 0:04:29and is doing. Our economy is booming, and with all I am doing, it
0:04:29 > 0:04:34will only get better. What do you make of his message?It is a fantasy
0:04:34 > 0:04:40tweet. This is the Obama recovery in continuation. He is looking at the
0:04:40 > 0:04:43reality of the American labour market through one eye. If we look
0:04:43 > 0:04:47at the promises he made to the American people and to the American
0:04:47 > 0:04:51working men and women, he has not fulfilled any of them to the extent
0:04:51 > 0:04:56that he promised. We have a situation where the tax reforms he
0:04:56 > 0:05:00has introduced, 83% of the benefits will float to the 1%. Underneath the
0:05:00 > 0:05:05radar, which doesn't capture the attention of business news around
0:05:05 > 0:05:09the world is all the other things he is doing with respect to cutting
0:05:09 > 0:05:13overtime, ending fair pay legislation, the attack on the
0:05:13 > 0:05:19immigrant workers, which we are seeing, making it more difficult to
0:05:19 > 0:05:22negotiate, to organise. The trade union Centre have done an opinion
0:05:22 > 0:05:26poll of their membership and said, are you happy or unhappy with this
0:05:26 > 0:05:33guy? 70% of the people say that they don't like what they see. There was
0:05:33 > 0:05:37an economic boom, and this theory of trickle down will fail again. The
0:05:37 > 0:05:41American worker may have a job, but it won't pay its way.Quite a few
0:05:41 > 0:05:47company bosses either spoken to here are talking about the fact that tax
0:05:47 > 0:05:50cuts mean for them that they are paying a lot less tax than they have
0:05:50 > 0:05:54more money to spend. Quite a few are saying that they will invest and
0:05:54 > 0:06:03they will be hiring more people.The point about the tax cut is, it is
0:06:03 > 0:06:08significant and deep. It is a Davos gift for a CEO. His bottom line will
0:06:08 > 0:06:12work because his tax obligations will be less. Will the money really
0:06:12 > 0:06:18go into investment? If you look at the levels of investment in America
0:06:18 > 0:06:24and the OECD as a whole, it is 50% down on precrisis numbers.
0:06:24 > 0:06:32Investment is not happening. Where is the money going? It is being
0:06:32 > 0:06:42recirculated, $4 trillion' worth has been redistributed to shareholders.
0:06:42 > 0:06:45They are surviving on pay cheque to pay cheque, the ordinary man and
0:06:45 > 0:06:48woman. The other night the ordinary man and woman in America voted in
0:06:48 > 0:06:57this president.On the basis of promises that have been unfulfilled.
0:06:57 > 0:07:04He said he would train this one, and he has raked the system against the
0:07:04 > 0:07:08ordinary man and woman. You need to be able to organise collectively
0:07:08 > 0:07:13bargain, and he has done nothing to lift the possibility of American men
0:07:13 > 0:07:16and women to negotiate a better wage deal on better terms and conditions
0:07:16 > 0:07:23of employment. It is the contrary. We will have to stop your there. You
0:07:23 > 0:07:30have very strong opinions. Just say, of course, we have talked to many
0:07:30 > 0:07:35people here, among them the chief executive of JP Morgan Chase, and he
0:07:35 > 0:07:40was talking to my colleague Simon Jack. Simon first of all started to
0:07:40 > 0:07:44talk to him about his plans for London in the light of Brexit, with
0:07:44 > 0:07:52regard to how many jobs may go at JP Morgan Chase in London.
0:07:52 > 0:07:53We love London, we love working there.
0:07:53 > 0:07:56We've got, as you point out, a lot of people there.
0:07:56 > 0:07:58There is huge efficiencies for us, it's huge
0:07:58 > 0:07:59efficiencies for the Eurozone too.
0:07:59 > 0:08:01But if they determine that you can't have
0:08:01 > 0:08:02reciprocal trade practices and
0:08:02 > 0:08:04reciprocal regulations it will be bad in those jobs.
0:08:04 > 0:08:07How many? I don't know - it would be a lot.
0:08:07 > 0:08:08Thousands? Yeah.
0:08:08 > 0:08:144000? It would be more than 4000.
0:08:14 > 0:08:22So, this feels more like a bite than a bark. Real tariffs on things like
0:08:22 > 0:08:25solar panels and washing machines. As Donald Trump started a trade
0:08:25 > 0:08:29workers mightI totally agree. He has raised a lot of issues about
0:08:29 > 0:08:42trade. I am pro-trade. Some stuff about China is - intellectual
0:08:42 > 0:08:45property and lack of reciprocity. Those of a legitimate issues. If
0:08:45 > 0:08:50they are, they should be fixed.That is the boss of JP Morgan speaking to
0:08:50 > 0:08:52Simon Jack there.
0:08:52 > 0:08:56Let's take a look at some of the other stories making the news.
0:08:56 > 0:08:58Here in the UK more than 50,000 people have signed a petition
0:08:58 > 0:09:00calling for more protection from sexual harassment
0:09:00 > 0:09:01in the workplace.
0:09:01 > 0:09:03It follows allegations of widespread harrassment at a men-only
0:09:03 > 0:09:05fundraising charity dinner that was uncovrered
0:09:05 > 0:09:11by the Financial Times and attended by many leading businessmen.
0:09:11 > 0:09:13The European satellite TV provider Sky says operating profits were up
0:09:13 > 0:09:1624% in the second half of last year after it attracted
0:09:16 > 0:09:20365,000 new customers.
0:09:20 > 0:09:23The company says it shows that its strategy of investing
0:09:23 > 0:09:26heavily in sports and entertainment is paying off.
0:09:26 > 0:09:32Total sales rose to £6.7 billion which is just over $9.5bn.
0:09:32 > 0:09:35Sky also said it plans to spend more money on original programming, an
0:09:35 > 0:09:36area where it's
0:09:36 > 0:09:44competing with Netflix.
0:09:44 > 0:09:46Qualcomm has reached an agreement with a number of Chinese
0:09:46 > 0:09:48smartphone manufacturers to launch its super-speed 5G devices
0:09:48 > 0:09:49in the country next year.
0:09:49 > 0:09:51The consortium includes Xiaomi, Oppo, and Vivo, who have agreed
0:09:51 > 0:09:57to purchase $2bn of Qualcomm components over a three year period.
0:10:11 > 0:10:15That there has been another development on the tariffs imposed
0:10:15 > 0:10:19by the United States. LG Electronics is saying it will have to increase
0:10:19 > 0:10:26the price of its goods, things like washing machines, as a consequence
0:10:26 > 0:10:31of the US tariffs. Let's go to Sarah Toms in our Asia business hub for
0:10:31 > 0:10:36more details. What did LG Electronics have to say?As you
0:10:36 > 0:10:42said, they are raising prices. This hasn't come as a surprise. The South
0:10:42 > 0:10:46Korean company did not say by how much, but experts think some models
0:10:46 > 0:10:52could go up by roughly around $50. The hike, as you said, is thanks to
0:10:52 > 0:10:56President Trump's tariffs. That will apply to large residential washing
0:10:56 > 0:11:01machines. LG and the South Korean Ministry said it was disappointed
0:11:01 > 0:11:06with the policy, but LG Electronics has said it is not expected to have
0:11:06 > 0:11:09great impact to total home appliance business revenue. And anyway, it
0:11:09 > 0:11:19could find a way to sidestep these tariffs. It expects its factory in
0:11:19 > 0:11:24Tennessee to begin operations later this year, and the operations made
0:11:24 > 0:11:33there would be subject to the tax. LG Electronics has released its
0:11:33 > 0:11:42results for the last quarter. The numbers were helped by strong sales
0:11:42 > 0:11:51in TVs and appliances and including those washing machines.The weaker
0:11:51 > 0:11:58dollar is the big story on the financial markets. Two of Donald
0:11:58 > 0:12:05Trump's Cabinet members talked down the tariffs. The Dow Jones closed up
0:12:05 > 0:12:11very slightly, as you can see, after a day of quite choppy trading.
0:12:11 > 0:12:19Australia's index is up. The Hang Seng in Hong Kong, stocks have
0:12:19 > 0:12:24fallen back a little, lots of profit-taking going on in line with
0:12:24 > 0:12:28a sell-off in most Asian markets as investors took profits. That was
0:12:28 > 0:12:39after a week-long rally. The FTSE is down slightly. The Geo is down by 1%
0:12:39 > 0:12:49after a 6% rise in half-year profits. Let's look at what is
0:12:49 > 0:12:52happening on Wall Street with the Mir Hussein.
0:12:52 > 0:12:53Chip-maker Intel will be reporting earnings on Thursday.
0:12:53 > 0:12:55Now, while investors will be interested in
0:12:55 > 0:12:58hearing how the company has performed financially in the last
0:12:58 > 0:13:00three months, there will be a lot of questions about the financial
0:13:00 > 0:13:02impact of the Spectre and Meltdown flaws
0:13:02 > 0:13:04that affected its chips, potentially letting hackers steal information
0:13:04 > 0:13:05believed to be very secure.
0:13:05 > 0:13:07Also reporting, Starbucks, the world's
0:13:07 > 0:13:11biggest coffee chain.
0:13:11 > 0:13:14The US tax cuts should help profits but the
0:13:14 > 0:13:18company is grappling with a bunch of issues,
0:13:18 > 0:13:21including cooling sales, rising labour costs and increased
0:13:21 > 0:13:26competition from both high end and low-end rivals.
0:13:26 > 0:13:28And finally, we will hear from several US air carriers,
0:13:28 > 0:13:35including American Airlines, Southwest Airlines and JetBlue.
0:13:35 > 0:13:37Sally will be joining us in a moment, but first
0:13:37 > 0:13:43here's Sue Noffke, UK Equities Fund Manager, Schroders.
0:13:44 > 0:13:48Thank you for coming in. Let's talk about the dollar. We have seen
0:13:48 > 0:13:53weakness for a while, but overnight, it certainly took a bit of a tumble.
0:13:53 > 0:13:58To what extent is this due to the rise of sterling? It is doing pretty
0:13:58 > 0:14:03well.Sterling is the strongest G ten currency in the last six months,
0:14:03 > 0:14:07so the story is partly a strengthening of sterling. I would
0:14:07 > 0:14:16say the detriment is the weakness of the US dollar. The reasons are at
0:14:16 > 0:14:21the moment is the America first policy that the Trump administration
0:14:21 > 0:14:28is pursuing, and a weaker dollar really helps motor their economy. It
0:14:28 > 0:14:34makes them more competitive overseas, and that is part and
0:14:34 > 0:14:39parcel of what the objective is. Sally, have you been following
0:14:39 > 0:14:46America first?Absolutely. It is all the conversation here today. Sue, I
0:14:46 > 0:14:50wanted to get your perspective on the noise coming out of Davos this
0:14:50 > 0:14:55year will stop what are people saying in London, your clients,
0:14:55 > 0:14:59colleagues, about this debate about protectionism? It would seem it is
0:14:59 > 0:15:03hijacking this forum this year.I think that's another strand to the
0:15:03 > 0:15:13dollar weakness, the fear of protectionism. Does it widen out? Is
0:15:13 > 0:15:19it just one or two items? Is it a tit-for-tat that excavates around
0:15:19 > 0:15:23the globe? And so, that is also weighing on the dollar at the
0:15:23 > 0:15:27moment.
0:15:27 > 0:15:30Sue Noffke, thank you, we will come back later to talk through some of
0:15:30 > 0:15:38the stories in the papers, thank you for now, but still to come. We will
0:15:38 > 0:15:41have more from the World Economic Forum in Davos. We are going to talk
0:15:41 > 0:15:48about philanthropy, a disrupting investment fund created by women for
0:15:48 > 0:15:54women. Your with Business Live on BBC News.
0:15:59 > 0:16:02Let's get more on Sky now - it reported a 5% rise in first half
0:16:02 > 0:16:03year profit this morning.
0:16:03 > 0:16:09The results come two days after Britain's competition
0:16:09 > 0:16:17regulator provisionally ruled that the £11 billion
0:16:17 > 0:16:19takeover by Murdoch's 21st Century Fox was 'not
0:16:19 > 0:16:20in the public interest'.
0:16:20 > 0:16:22Joining us now is Julian Aquilina, a research analyst
0:16:22 > 0:16:23at Enders Analysis.
0:16:23 > 0:16:28Some positive news for Sky in terms of these results, it seems is the
0:16:28 > 0:16:33focus on entertainment as Don McGahn sports that has reaped rewards.Yes,
0:16:33 > 0:16:37Sky has a good set of operating results but as you say sport is
0:16:37 > 0:16:41still at the heart of the Sky business model across Europe, and
0:16:41 > 0:16:44Premier League auction due in the next few weeks, is the main topic of
0:16:44 > 0:16:51interest in our mind.OK, and what impact do you think there will be
0:16:51 > 0:16:57from this decision by the regulator to block the deal of Rupert Murdoch
0:16:57 > 0:17:02taking over the rest of the broadcaster, because there are
0:17:02 > 0:17:07implications for the news division, aren't there? And in the light of
0:17:07 > 0:17:12these results does its future look more uncertain?No, not at all, in
0:17:12 > 0:17:16fact the decision that the CMA came to was completely expected and they
0:17:16 > 0:17:20have actually made a number of suggestions as to how they can work
0:17:20 > 0:17:27out a deal to bypass those concerns. What they did announce on Tuesday,
0:17:27 > 0:17:31which investors were very pleased about sending Sky shares up 3% that
0:17:31 > 0:17:38day was the fact that the deal would not be against the public interest
0:17:38 > 0:17:46in terms of broadcasting standards, which is a huge win for Fox.Julian
0:17:46 > 0:17:49Aquilina, thank you for talking to us, from Enders Analysis. Here are
0:17:49 > 0:17:56some other news stories we're covering at the BBC. Canada's
0:17:56 > 0:17:59cannabis cultivators are in a marijuana megamerger, two growers
0:17:59 > 0:18:09have agreed to merge and create a $6 billion company. Aurora cannabis,
0:18:09 > 0:18:13after a far from mellow takeover battle between the firms, Canada
0:18:13 > 0:18:17plans to legalise recreational marijuana before July. There is also
0:18:17 > 0:18:23the story, a huge rise in sales from the online fashion retailer Asos,
0:18:23 > 0:18:27doing well, even though retailers of bricks and mortar stores are
0:18:27 > 0:18:34struggling at the moment. You're watching Business Live.
0:18:38 > 0:18:43You're watching Business Live, our top story. US President Donald Trump
0:18:43 > 0:18:47says the American economy is booming as he heads to Davos and suspected
0:18:47 > 0:18:52to talk tough on trade as his team talks of more import tariffs to
0:18:52 > 0:18:58come. More on that in a moment. Yes, here in Davos that seems to be
0:18:58 > 0:19:02dominating the discussions right now. But something that people
0:19:02 > 0:19:07always say about this World Economic Forum in Switzerland is, what
0:19:07 > 0:19:13difference does it really make? What changes in the world as a
0:19:13 > 0:19:16consequence of this powwow between multi billionaires, company bosses,
0:19:16 > 0:19:24and heads of state? Well, our next guest will tell you because these
0:19:24 > 0:19:30two ladies met at the World Economic Forum quite a few years ago. They
0:19:30 > 0:19:34connected for the first time. They talked about their vision to try and
0:19:34 > 0:19:38help women who were in difficult positions around the world, and how
0:19:38 > 0:19:41they could bring in the finance to make that happen. Consequently, they
0:19:41 > 0:19:48have now managed to fund some really exciting projects around the world
0:19:48 > 0:19:53to empower women, to protect women, to enable women, and it really has
0:19:53 > 0:19:59had quite an impact on women in some developing countries. I joined both
0:19:59 > 0:20:03of these ladies, quite unusual actually, because one of them is
0:20:03 > 0:20:07Kate Roberts, the co-founder of what is called Maverick Collective but
0:20:07 > 0:20:18the other one is royalty, HRIS Crown Princess of Norway. This is what
0:20:18 > 0:20:20they had to tell me in Davos.
0:20:20 > 0:20:23Kate and I met and we both have a background in global health,
0:20:23 > 0:20:25and we saw when women and children are not
0:20:25 > 0:20:31focused on in the health scene, communities really fall back.
0:20:31 > 0:20:34I think both of us had that experience and that's why we wanted
0:20:34 > 0:20:36to start a programme that specifically targeted young women
0:20:36 > 0:20:37and girls.
0:20:37 > 0:20:40Please explain how this organisation differs to others, ie,
0:20:40 > 0:20:43it is set up by women for women.
0:20:43 > 0:20:50Well, it's very strategic, so we are not investing
0:20:50 > 0:20:53in everything, we are very focused on these big bets, so,
0:20:53 > 0:20:57you know, the whole world needs better sanitation so we are building
0:20:57 > 0:21:00toilets around the world, taking a private-sector approach,
0:21:00 > 0:21:05and as the Crown Princess Mary saying we work
0:21:05 > 0:21:07with our members around their time, talent and treasure and their
0:21:07 > 0:21:09brainpower is just as important as their financial resources.
0:21:09 > 0:21:13That's been missing, I think, in the women
0:21:13 > 0:21:16philanthropy space where we are just not searching for money.
0:21:16 > 0:21:20We really want to innovate with your entire network.
0:21:20 > 0:21:23I think one of the first conversations we had with one of our
0:21:23 > 0:21:26funders, she said, oh no, I asked to give money
0:21:26 > 0:21:27to all these projects but
0:21:27 > 0:21:31they never want anything but my cheque-book.
0:21:31 > 0:21:32She really wanted to get involved.
0:21:32 > 0:21:35Now, her project in India on cervical cancer is one of
0:21:35 > 0:21:38the most innovative projects we have seen for a long time in this space.
0:21:38 > 0:21:41It's now serving 24 million women in Uttar Pradesh in India
0:21:41 > 0:21:43and has now been adopted by the Indian government.
0:21:43 > 0:21:48So, it's incredible to see what these projects can
0:21:48 > 0:21:51develop into if you just have this incredible women that
0:21:51 > 0:21:59are willing to make an effort.
0:21:59 > 0:22:01How does your role, as a Crown Princess affect
0:22:01 > 0:22:02this organisation?
0:22:02 > 0:22:07Does it help or does it hinder?
0:22:07 > 0:22:10Well, I think as with all things in life it's both a help
0:22:10 > 0:22:14and a hindrance with the things we can get involved in.
0:22:14 > 0:22:17but I think I've been incredibly lucky to be so much
0:22:18 > 0:22:23a part of this project.
0:22:23 > 0:22:25Kate and I founded it together.
0:22:25 > 0:22:28I get inspired every day by the stories of these women around
0:22:28 > 0:22:31the world trying to make better communities and trying to really
0:22:31 > 0:22:34innovate the way we do both philanthropy but also the way
0:22:34 > 0:22:36the health community works.
0:22:36 > 0:22:41I think to take that private sector approach to many of these
0:22:41 > 0:22:44issues is incredibly, it's just very inspiring.
0:22:44 > 0:22:47In terms of other people involved, you've got Melinda Gates on board,
0:22:47 > 0:22:48she's very well-known with her
0:22:48 > 0:22:50husband as being involved in philanthropy.
0:22:50 > 0:22:59In what way does she help?
0:22:59 > 0:23:02She actually gave us the seed capital to start Maverick
0:23:02 > 0:23:05Collective and joined as our co-chair.
0:23:05 > 0:23:07She was our inspiration really on setting this up because
0:23:07 > 0:23:09she puts her whole self into her philanthropy.
0:23:09 > 0:23:19She doesn't just give money, she advocates.
0:23:21 > 0:23:24She was part of the Family Planning 2020 to reach the goals.
0:23:24 > 0:23:26She has leveraged herself billions of dollars.
0:23:26 > 0:23:27So she was our archetype.
0:23:27 > 0:23:29Of course, not everyone can be Melinda Gates.
0:23:29 > 0:23:33But we want people to follow her example.
0:23:33 > 0:23:38Crown Princess of Norway and Kate Roberts in that report. Sue is back
0:23:38 > 0:23:42to talk about some of the stories the media has been interested in. It
0:23:42 > 0:23:45has been the Presidents Club scandal that made all of the papers, covered
0:23:45 > 0:23:50on the BBC as well, the club is to close following these allegations of
0:23:50 > 0:23:55harassment at a top London hotel, and there are now calls for extra
0:23:55 > 0:23:59protection for women in the workplace. What do you make of that?
0:23:59 > 0:24:05I think it's interesting because there is legislation in place but
0:24:05 > 0:24:12the calls are to give it more teeth. The issues are that it has taken
0:24:12 > 0:24:15through employment tribunals, which are quite costly for the individuals
0:24:15 > 0:24:20to bring a case and that might be prohibitive and hindering people
0:24:20 > 0:24:26from progressing their harassment, or sexual misconduct claims through
0:24:26 > 0:24:30there.We have had a number of tweets on this, we asked for
0:24:30 > 0:24:35people's views. Andy North says employers should have a response
0:24:35 > 0:24:39ability to protect their employees from harassment, this case they
0:24:39 > 0:24:43created their harassment, he claims. Other people have different views,
0:24:43 > 0:24:48they say it is no different to help women would react if it were the
0:24:48 > 0:24:50other way around, perhaps. Vic says that report has stopped all the
0:24:50 > 0:24:54other women who were happy to work earning their money, but they are
0:24:54 > 0:24:58grateful to her. It has provoked lots of different views, hasn't it?
0:24:58 > 0:25:03Borough calls for these nondisclosure arrangements put in
0:25:03 > 0:25:08contracts -- now there are calls. For them to be lifted.What happened
0:25:08 > 0:25:14here is there was a third party that implied the hostesses to work, and
0:25:14 > 0:25:18the individuals were required to sign a confidentiality nondisclosure
0:25:18 > 0:25:23agreement. The question is, are those legally binding when what's
0:25:23 > 0:25:30been going on is in fact illegal? Big question. OK. Let's go back to
0:25:30 > 0:25:35Sally in Davos to find out what else is happening. We have had an update
0:25:35 > 0:25:41from the US delegation, haven't we? Yes, we have lots of comments coming
0:25:41 > 0:25:44from Steven Mnuchin, the new US Treasury Secretary who was grilled
0:25:44 > 0:25:48about the UK in particular and he said he wants to see a successful
0:25:48 > 0:25:53transition on Brexit that is good for the UK and good for the markets.
0:25:53 > 0:25:56UK Prime Minister Theresa May will
0:25:56 > 0:25:58be having bilateral talks with Donald Trump today