0:00:05 > 0:00:07This is Business Live from BBC News with Susannah Streeter
0:00:07 > 0:00:09and Victoria Fritz.
0:00:09 > 0:00:13Fake news backlash - social media users are angry
0:00:13 > 0:00:15and lawmakers want to know what the big tech companies
0:00:15 > 0:00:18are doing to combat the growing problem.
0:00:18 > 0:00:20Live from London, that's our top story on Thursday
0:00:20 > 0:00:22the 8th of February.
0:00:37 > 0:00:43Twitter, YouTube and Facebook will face a grilling by UK members
0:00:43 > 0:00:45of paliament in Washington over their "completely inadequate"
0:00:45 > 0:00:46approach to fake news.
0:00:46 > 0:00:49Also in the programme - shining a light on the Dark Web.
0:00:49 > 0:00:51The US breaks a cybercrime ring that traded stolen bank
0:00:51 > 0:00:58details around the world.
0:00:58 > 0:01:03This is the situation on the financial markets. In Europe, down
0:01:03 > 0:01:07across the borders that volatility continues.
0:01:07 > 0:01:09And, with health services increasingly stretched,
0:01:09 > 0:01:12could home testing kits like this one help bear the burden?
0:01:12 > 0:01:14And, our Twitter question of the day -
0:01:14 > 0:01:16are you fed up with fake news?
0:01:16 > 0:01:18Should tech companies be doing more to keep your
0:01:19 > 0:01:24newsfeed fake-news free?
0:01:24 > 0:01:26That is a tongue twister!
0:01:26 > 0:01:29Just use the hashtag #BBCBizLive.
0:01:37 > 0:01:39Hello and welcome.
0:01:39 > 0:01:42We start with the growing backlash against social media companies
0:01:42 > 0:01:44over their role in the spread of fake news.
0:01:44 > 0:01:47Today executives from Facebook - YouTube which is owned by Google -
0:01:47 > 0:01:51and Twitter will be questioned about the issue by British members
0:01:51 > 0:01:52of parliament at a public hearing in Washington.
0:01:52 > 0:01:59Critics have given the tech giants an unflattering new acronym: BAADD.
0:01:59 > 0:02:00As in Big, Anti-competitive, Addictive and Destructive
0:02:00 > 0:02:03to Democracy.
0:02:03 > 0:02:08Last month, Facebook reacted to criticism by refocusing
0:02:08 > 0:02:10on updates from friends and family, rather than news
0:02:10 > 0:02:12publishers and brands.
0:02:12 > 0:02:15It says that has led to people spending 50 million fewer hours
0:02:15 > 0:02:19a day on the network - a fall of around 5%.
0:02:19 > 0:02:21Facebook has admitted 146 million users may have been subjected
0:02:21 > 0:02:23to Russian misinformation, before and after the US
0:02:23 > 0:02:28Presidential election.
0:02:32 > 0:02:33Jason Karaian, the global finance and economics editor
0:02:33 > 0:02:35at Quartz, joins me now.
0:02:35 > 0:02:42Thank you for joining us. We tend to think of fake news being something
0:02:42 > 0:02:48that we read, but is it also something we can quantify, something
0:02:48 > 0:02:54we can consume, something we can buy and trade?We are starting to.
0:02:54 > 0:02:58Twitter has been explaining and upping the numbers of people that
0:02:58 > 0:03:05have seen Russian disinformation. We are starting to identify some of the
0:03:05 > 0:03:10most popular forms of disinformation. These hearings will
0:03:10 > 0:03:17get to the bottom of that little bit. The companies themselves are
0:03:17 > 0:03:21now realising they are not neutral platforms, in a massive change of
0:03:21 > 0:03:25tone, they are disseminating some of this disinformation, fake news, so
0:03:25 > 0:03:29they need some way to quantify it. It is something they can't just
0:03:29 > 0:03:34pretend that they are just a platform letting it washed through
0:03:34 > 0:03:38and they don't have any responsibility for it.That is
0:03:38 > 0:03:42certainly true cost of you have called it a massive change of tone.
0:03:42 > 0:03:48Surely a big change of tone would be putting up the chief executives of
0:03:48 > 0:03:52these companies. These are middle management people. Apologies to the
0:03:52 > 0:03:55people, and sure they are very good at their jobs but these are not the
0:03:55 > 0:03:59bosses of these companies and quite frankly, it was MPs from Britain who
0:03:59 > 0:04:03had to go to Washington, all the way across the pond, to find and speak
0:04:03 > 0:04:09to them in the first place.These tech companies with fake it is the
0:04:09 > 0:04:14Public policy executives who are there and it is not unique to these
0:04:14 > 0:04:20particular hearings. That's what these companies have done. Those of
0:04:20 > 0:04:24the spokespeople they have put forward on who they say are at the
0:04:24 > 0:04:30forefront of deciding the company's responses. Frankly, for optics
0:04:30 > 0:04:33purposes, putting Mark Zuckerberg in front of MPs that that is not
0:04:33 > 0:04:39something they want, so they would rather put those more mid-level
0:04:39 > 0:04:42lawyerly executives in front. It is shrewd on their part.We have seen
0:04:42 > 0:04:46this kind of grilling before, does it make that much of an impact or do
0:04:46 > 0:04:51you think we will see more impact and real changes at social media
0:04:51 > 0:04:55companies of investor say, we are going to pull money out because
0:04:55 > 0:05:02there is a start of that Jared Kushner there is a sharp reaction to
0:05:02 > 0:05:08that and the groundswell of public opinion.-- there is the start of
0:05:08 > 0:05:14that? I think I would probably have a bigger impact if user engagement
0:05:14 > 0:05:17went on, if people started deleting their accounts and if investors
0:05:17 > 0:05:20started to sell their shares. I think that would have a lot more
0:05:20 > 0:05:25effect than a few MPs flying over the ocean to talk to lawyers.Thank
0:05:25 > 0:05:29you very much for coming in and talking us through that, Jason.
0:05:29 > 0:05:31Let's take a look at some of the other stories
0:05:31 > 0:05:32making the news...
0:05:32 > 0:05:37The electric car maker Tesla has posted its worst
0:05:37 > 0:05:39ever quarterly loss - some 675 million in the three
0:05:39 > 0:05:40months to December.
0:05:40 > 0:05:47The firm warned that spending will increase this year.
0:05:47 > 0:05:50But it has stuck to its target of producing 5000 Model 3's
0:05:50 > 0:05:55a week by the end of the second quarter.
0:05:55 > 0:05:58Major Japanese investors in Britain are due to meet the UK Prime
0:05:58 > 0:06:00Minister and Chancellor on Thursday.
0:06:00 > 0:06:01They include carmakers Nissan, Toyota and Honda -
0:06:01 > 0:06:03along with banks and drug companies.
0:06:03 > 0:06:06It comes amid fresh debate among business over Brexit negotiations.
0:06:07 > 0:06:1021st Century Fox says it continues to expect UK approval
0:06:10 > 0:06:13of its takeover of broadcaster Sky, despite a provisional finding
0:06:13 > 0:06:19that the deal is not in the public interest.
0:06:19 > 0:06:22Chief executive James Murdoch has told analysts the firm is working
0:06:22 > 0:06:27with authorities to resolve concerns.
0:06:27 > 0:06:29Officials in the United States say they've broken up a major
0:06:29 > 0:06:36international cyber-crime ring.
0:06:36 > 0:06:3936 people have been charged with being part of a group
0:06:39 > 0:06:42which deals in stolen credit cards, bank fraud and ID theft.
0:06:42 > 0:06:44The US Department of Justice says the group trafficked stolen
0:06:44 > 0:06:47identities across five continents using an online forum on the Dark
0:06:47 > 0:06:51Web known as "In-fraud".
0:06:51 > 0:06:54More on that story a little later in the programme.
0:06:54 > 0:06:58To Asia now - and in the last couple of hours China has posted a healthy
0:06:58 > 0:07:01set of trade figures for January.
0:07:01 > 0:07:04In particular, a big jump in imports because of
0:07:04 > 0:07:05a stronger domestic economy.
0:07:05 > 0:07:12Leisha Santorelli joins us from our Asia business hub in Singapore.
0:07:12 > 0:07:19It really goes to the heart of the changing nature of China and its
0:07:19 > 0:07:25economy.The data shows that growth remains robust in the world's second
0:07:25 > 0:07:29largest economy, absolutely. Imports beat estimates by a really wide
0:07:29 > 0:07:35margin, rising by 37% in value from a year earlier. To compare that,
0:07:35 > 0:07:39markets were expecting a 10% rise. As for Xbox, they rose about 11%,
0:07:39 > 0:07:46which shows they are still in strong demand. Another interesting point I
0:07:46 > 0:07:49want to make, China's trade surplus with America narrowed from last
0:07:49 > 0:07:54year's record level, which is a positive sign to Beijing, given they
0:07:54 > 0:07:57have a very sensitive trade relationship with President Trump.
0:07:57 > 0:08:01Analysts are saying we need to treat this set of data with some caution
0:08:01 > 0:08:06and that is because the trade members are actually being magnified
0:08:06 > 0:08:09by something called seasonal volatility. For example, there was a
0:08:09 > 0:08:13surge in oil shipments last month because they had freezing weather in
0:08:13 > 0:08:18China and there has been stockpiling ahead of the Chinese New Year, which
0:08:18 > 0:08:21starts next week. Overall, trade growth expected to be strong but
0:08:21 > 0:08:28these sets of figures are magnified. Thank you very much.
0:08:28 > 0:08:33Let's check in with the financial markets.
0:08:33 > 0:08:36Most major Asian indices rose today, following the week's sharp losses
0:08:36 > 0:08:39but it's pretty choppy out there - with
0:08:39 > 0:08:43traders are struggling to get a firm footing in this volatile climate.
0:08:43 > 0:08:51The Hang Seng is up. The Dow closed lower again. Let's take a look at
0:08:51 > 0:09:01Europe. They are all down as well. The temporal map. Looking ahead to
0:09:01 > 0:09:06the Bank of England to find out their financial policy.
0:09:06 > 0:09:10And Joe Miller has the details about what's ahead on Wall Street Today.
0:09:10 > 0:09:13They wonder what on Thursday as Twitter, which has despite its
0:09:13 > 0:09:17global reach never reported a profit since it debuted on the stock
0:09:17 > 0:09:23market. It is expected to do so at last, thanks in large part to an
0:09:23 > 0:09:27aggressive year of cost-cutting. Twitter has been buoyed by its most
0:09:27 > 0:09:30famous user, of course, Donald Trump. Investors, they will be
0:09:30 > 0:09:34looking elsewhere to see if the user base as a whole is growing,
0:09:34 > 0:09:38particularly outside of the United States. Talking of Donald Trump, we
0:09:38 > 0:09:42will see if he has revived the fortunes of the media with Wall
0:09:42 > 0:09:46Street owner News Corp and the New York Times publishing results. And
0:09:46 > 0:09:53video game publisher Activision blizzard, the makers of Call Of
0:09:53 > 0:09:59Duty. They are expected to report a rise in revenue, helped by titles
0:09:59 > 0:10:05over Christmas. Gamers will be searching for clues about the
0:10:05 > 0:10:07company's plans for 2018.
0:10:07 > 0:10:09Joining us is Jeremy Stretch, head of currency strategy,
0:10:09 > 0:10:12CIBC World Markets.
0:10:12 > 0:10:17Good morning.Welcome to the programme. Let's start with
0:10:17 > 0:10:21something Suzanne mentioned. It is ready about what is happening
0:10:21 > 0:10:25later on with the ECB and Bank of England. We will have the minutes of
0:10:25 > 0:10:29their discussions, the meeting coming up and it will give us some
0:10:29 > 0:10:32sort of direction towards their monetary policy. It was fears of
0:10:32 > 0:10:35rapid interest rate rises that led to that market sell off earlier in
0:10:35 > 0:10:40the week?Absolutely. Everything is revolving around central banks, as
0:10:40 > 0:10:47we gradually move past the era of ultra low interest rates and
0:10:47 > 0:10:50expectations moving up. The Bank of England, we're not expecting any
0:10:50 > 0:10:54policy changes today but I wouldn't be necessary over Lee surprised if a
0:10:54 > 0:10:57couple of members of the committee vote for an immediate rate hike.
0:10:57 > 0:11:04Then we have Mark Carney giving his press briefing on the forecast and I
0:11:04 > 0:11:06think markets will be looking at guidance as to where the Bank of
0:11:06 > 0:11:11England are going, how quickly they will try to normalise policy. But of
0:11:11 > 0:11:14course, there is that elephant in the room, relating to Brexit
0:11:14 > 0:11:18negotiations which will have an impact.How much guidance can you
0:11:18 > 0:11:20give, given the elephant in the room?Everything has to be
0:11:20 > 0:11:25qualified. I think if you could have excluded the Brexit story, I think
0:11:25 > 0:11:30markets would be discounting a reasonable possibility of a hike. In
0:11:30 > 0:11:34May, when we get them max forecasts. Looking at that sort of timing, I
0:11:34 > 0:11:38think it's far too ambitious. I think if we look at the
0:11:38 > 0:11:44deterioration or reversal we have seen in the indices this month,
0:11:44 > 0:11:47showing a slight moderation of activity at the start of the year, I
0:11:47 > 0:11:50think it makes sense for banks to say, yes we would like hike rates
0:11:50 > 0:11:55and we will over time, but I think we have to be cautious and prudent.
0:11:55 > 0:11:58What about the European Central Bank, to what extent do you think
0:11:58 > 0:12:02the outcome of the German coalition talks will affect, have an impact on
0:12:02 > 0:12:06those discussions on the direction of future policy?I think they will
0:12:06 > 0:12:10have a material impact on future policy. What we have seen this the
0:12:10 > 0:12:17opposition, formal opposition, now taking control of the Finance
0:12:17 > 0:12:19Ministry. I think that will loosen the purse strings in Germany. I
0:12:19 > 0:12:23think that will be important in terms of growth dynamics in Germany
0:12:23 > 0:12:28and Eurozone as a homework. I think you add to the debate within the ECB
0:12:28 > 0:12:31and I think from the Germanic perspective, the policy in Europe is
0:12:31 > 0:12:35far too loose and I think that will add to the debate and the timing or
0:12:35 > 0:12:39pressure on the European Central Bank to consider their own policy
0:12:39 > 0:12:49reversal. I suspect has become to the back end of this year, those
0:12:49 > 0:12:51negative deposit rates which have been prevalent in Europe will start
0:12:51 > 0:12:55to be taken off the table.Thank you very much. You will be back later to
0:12:55 > 0:12:57talk a little about cybercrime and a controversial gambling conference
0:12:57 > 0:12:58Still to come...
0:12:58 > 0:13:07We book our own trips and scan our own groceries,
0:13:07 > 0:13:09but what about something like doing our own blood test?
0:13:09 > 0:13:11Is health care heading towards a do-it-yourself model?
0:13:11 > 0:13:13We'll be finding out in a few minutes.
0:13:13 > 0:13:19You're with Business Live from BBC News.
0:13:19 > 0:13:22TalkTalk is in talks to roll out full fibre broadband
0:13:22 > 0:13:28to 3 million UK homes.
0:13:28 > 0:13:30The broadband firm has also announced plans to raise £200m
0:13:30 > 0:13:31through a rights issue.
0:13:31 > 0:13:37Joining us now is our Economics Correspondent, Andrew Walker.
0:13:37 > 0:13:42TalkTalk is looking to raise this money and shift the focus towards
0:13:42 > 0:13:45broadband, away from mobile. What are the key steps they have
0:13:45 > 0:13:50announced?Quite striking move. In a sense, you could describe this as
0:13:50 > 0:13:54going back to their roots. The company originally started off
0:13:54 > 0:13:59within carphone offering services over fixed line and then
0:13:59 > 0:14:04subsequently got into mobile. Now it is going back towards those fixed
0:14:04 > 0:14:07line services, creating a new company, along with infrastructure.
0:14:07 > 0:14:14It will be aiming to provide full fibre services to 3 million users
0:14:14 > 0:14:19across the country. They have already started an experiment on
0:14:19 > 0:14:24this in York, where they have 14,000 already connected, aiming to get up
0:14:24 > 0:14:29to 50,000 as a result of work that is currently in hand. They are
0:14:29 > 0:14:36proposing to go to investors, to raise another £200 million. Of that,
0:14:36 > 0:14:39£40 million they are proposing will come from the executive chairman or
0:14:39 > 0:14:45executive director. Trying to send a message to other would be investors
0:14:45 > 0:14:49that the board is really committed to this project. And they are also
0:14:49 > 0:14:56going to be, they are also going to be continuing with this process of
0:14:56 > 0:15:04switching mobile customers over to O2, when their contracts expire they
0:15:04 > 0:15:09are being offered a new contract with O2, rather than reviewing the
0:15:09 > 0:15:12TalkTalk operation. One of the striking things about the trading
0:15:12 > 0:15:16update I have here, there are four pages, or mobile there is just a
0:15:16 > 0:15:22single sentence.Fascinating, thank you. You will be across that for us.
0:15:22 > 0:15:25Andrew Walker in our business room, where it looks like people haven't
0:15:25 > 0:15:33got into work yet, looks a bit empty!
0:15:33 > 0:15:33There are empty!
0:15:33 > 0:15:33There are some empty!
0:15:33 > 0:15:33There are some people empty!
0:15:33 > 0:15:35There are some people working. empty!
0:15:35 > 0:15:35There are some people working. They empty!
0:15:35 > 0:15:38There are some people working. They are
0:15:38 > 0:15:44filling in the website pages. Is it another day of stock market
0:15:44 > 0:15:57volatility? TalkTalk shares faring badly.
0:15:58 > 0:15:59You're watching Business Live.
0:15:59 > 0:16:01Our top story...
0:16:01 > 0:16:02UK Members of Parliament will question social
0:16:02 > 0:16:12media bosses in Washington later over the issue of fake news
0:16:18 > 0:16:22after calling the firms' response so far "completely inadequate."
0:16:22 > 0:16:24Many of us are trying to be more healthy these days.
0:16:24 > 0:16:26But how do you fancy tracking your health
0:16:26 > 0:16:28by testing your own blood at home?
0:16:28 > 0:16:31Well, one company - Thriva - provides kits that can be used
0:16:31 > 0:16:33at home to test for a variety of different things.
0:16:33 > 0:16:35They can track a wide range of health indicators including
0:16:35 > 0:16:37cholesterol and liver function.
0:16:37 > 0:16:39You send the sample to the company - which then gives you
0:16:39 > 0:16:48expert analysis online.
0:16:48 > 0:16:51So, is this a good way to spot early signs of illness
0:16:51 > 0:16:52and take pressure off over-stretched health services?
0:16:52 > 0:16:58Hamish Grierson, co-founder of Thriva joins me now.
0:16:58 > 0:17:04I just want find out how you set up the company, giving you do not have
0:17:04 > 0:17:11a medical background.No, that is right. Thriva was created with one
0:17:11 > 0:17:15simple purpose in mind. We wanted to give anybody access to the benefit
0:17:15 > 0:17:20that comes of getting a regular check up on your health as you point
0:17:20 > 0:17:24out it is about staying in front of the health issues that impact
0:17:24 > 0:17:28millions of people around the country. Practically speaking, the
0:17:28 > 0:17:32reason we have started with a blood test you can do from home, it is
0:17:32 > 0:17:40basically painless, a little pinprick. One of my two business
0:17:40 > 0:17:43partners has a genetic, high cholesterol disposition which means
0:17:43 > 0:17:48he tests his blood every three or four months. I am fascinated by
0:17:48 > 0:17:55nutrition and how you can hack your way to a healthier body. The
0:17:55 > 0:17:58combination of those two things ultimately led us to think about
0:17:58 > 0:18:02what happens when you put the consumer at the heart of what is a
0:18:02 > 0:18:06health care process and trying to power them to understand their own
0:18:06 > 0:18:11information and be able to take a good decision, or make a decision,
0:18:11 > 0:18:20on the basis of that data.Your business partner, Elliott, you said
0:18:20 > 0:18:24he is taking his own blood every three months. I have never done
0:18:24 > 0:18:27that. How could I be assured that what I was doing was accurate and
0:18:27 > 0:18:33could get me the same results as a doctor if they did the same test?It
0:18:33 > 0:18:36is a really good question for the credibility that the core of what we
0:18:36 > 0:18:43are about. The reality is laboratories we used to analyse your
0:18:43 > 0:18:48blood would be exactly the same as the NHS laboratories. Really
0:18:48 > 0:18:54importantly, we talked before we came on air about what happens when
0:18:54 > 0:19:01you see something and the results that might be potentially
0:19:01 > 0:19:06problematic, or stimulate a concern. The reality for us is, information
0:19:06 > 0:19:11without context, for us, is really irresponsible. Every report is
0:19:11 > 0:19:16looked at by an NHS trained GP we work with. The report itself
0:19:16 > 0:19:20delivered online, really clear to understand what those things in the
0:19:20 > 0:19:26report mean. It is written in plain English would you can see a crafts.
0:19:26 > 0:19:32You inside outside a particular reference range? -- a craft will
0:19:32 > 0:19:37stop as I say, it is about making sure you can trust the information
0:19:37 > 0:19:41have the credibility you would otherwise expect from a blood test
0:19:41 > 0:19:44you would take elsewhere and you know what to do with the information
0:19:44 > 0:19:49when you have it.There was another quite well-known blood testing
0:19:49 > 0:19:52company in the United States which collapsed. Have you found it
0:19:52 > 0:19:56difficult to get funding for your business because of that? People
0:19:56 > 0:20:02trust you in what you are doing.I would be lying if I said every
0:20:02 > 0:20:06single investor was happy about it that none of our customers ever
0:20:06 > 0:20:10have. There is a simple reality which is that we do things
0:20:10 > 0:20:15differently. We share some mission. We're also about trying to empower
0:20:15 > 0:20:21people to proactively manage their health. Because we are executing in
0:20:21 > 0:20:26a fundamentally different way, it is fairly short.Do you have trial
0:20:26 > 0:20:30setup with the National Health Service in the UK?We are proud that
0:20:30 > 0:20:37we have watched our first pilot working with the Royal Brompton
0:20:37 > 0:20:41Hospital, in association with cystic fibrosis department. Over time what
0:20:41 > 0:20:45we came to appreciate is, just because you are a patient having
0:20:45 > 0:20:49gone into what we think as the sick or serious care system the National
0:20:49 > 0:20:53Health Service is about, it does not mean you ought not to be empowered
0:20:53 > 0:20:57to manage your health proactively as well stop that particular pilot is
0:20:57 > 0:21:02about helping people who otherwise would be coming back and forth from
0:21:02 > 0:21:09the hospital.Apparently you do not see the needles.You never see any
0:21:09 > 0:21:20dog. It is a tiny pinprick and is painless.-- any needle.
0:21:20 > 0:21:22Let's go to Singapore now - which is holding
0:21:22 > 0:21:23its annual air show.
0:21:23 > 0:21:25Asia's aviation boom has strained capacity at some
0:21:25 > 0:21:26airports around the region.
0:21:26 > 0:21:29It's also created a shortage of pilots who can fly the planes.
0:21:29 > 0:21:36Our business reporter Mariko Oi reports.
0:21:36 > 0:21:42Training to be a pilot. It takes up to two years to learn how to deal
0:21:42 > 0:21:47with emergencies inside and around an aircraft. For 28-year-old Dean it
0:21:47 > 0:21:53was his childhood dream.When I was young I took a flight in New Zealand
0:21:53 > 0:21:59and flew around the mountains. I was away from everything.It was
0:21:59 > 0:22:05fantastic. But it is competitive to get in. Here in Singapore, 600 apply
0:22:05 > 0:22:12for 60 spots annually. It is not cheap. Up to 140,000 US dollars to
0:22:12 > 0:22:19complete the course. Many cadets, including 24-year-old -- this
0:22:19 > 0:22:2424-year-old man pay for the training themselves.I think it is worth it
0:22:24 > 0:22:29for the investment. In the long one, this is my passion.And shame will
0:22:29 > 0:22:35likely get his money's worth because there is an acute shortage of
0:22:35 > 0:22:43pilots. Boeing is forecasting that global airlines will need to hire
0:22:43 > 0:22:47637,000 new pilots over the next 20 years. Some 40% of that demand comes
0:22:47 > 0:22:53from Asia.
0:22:53 > 0:22:57Jeremy is back to look through the papers.
0:22:57 > 0:23:01Before we do that, we are going to go through some of the tweets.
0:23:01 > 0:23:10We have been asking about fake news. They can use as a big problem in the
0:23:10 > 0:23:15digital world. It creates a wrong perception. Tech giants must take
0:23:15 > 0:23:19action against this. Another said, it would be nice if they could help
0:23:19 > 0:23:23to weed out fake news but should be held responsible for the spread of
0:23:23 > 0:23:33it as long as they didn't literally promote it. A really tricky subject.
0:23:33 > 0:23:38From my perspective, clearly it adds to the uncertainty. You do see these
0:23:38 > 0:23:43news stories coming across news wires and all the various sources.
0:23:43 > 0:23:48That does impact financial markets will stop you do get distortions
0:23:48 > 0:23:53which can create and feed their own panic. That is something we are very
0:23:53 > 0:23:58mindful of.Another story we are talking about is the cyber crime
0:23:58 > 0:24:02mass arrest in the United States. Another development in the ongoing
0:24:02 > 0:24:09battle.It is the ongoing arms race, the battle between good and evil.
0:24:09 > 0:24:16You have the dark web and people being arrested across continents.
0:24:16 > 0:24:21All the bases covered in terms of the spectrum of the modern cyber
0:24:21 > 0:24:26crime story. It underlines that regulatory authorities are
0:24:26 > 0:24:30continuing to try and crack down but it is a very difficult process.A
0:24:30 > 0:24:34difficult process. You say we are trying to crack down but it is
0:24:34 > 0:24:40striking we are trying to create an online black market, grow it to a
0:24:40 > 0:24:43half billion dollar operation and get away with it.It is astonishing
0:24:43 > 0:24:47when you look at the details involved. It is a race operation
0:24:47 > 0:24:52which is being run outside the confines of the mainstream internet
0:24:52 > 0:24:57process in an effort to try to facilitate stealing people's details
0:24:57 > 0:25:01to do for them. It is astonishing this can go one almost in plain
0:25:01 > 0:25:06sight. That is the problem and difficulty that the authorities
0:25:06 > 0:25:11have.We have heard a lot about attempts within various industries
0:25:11 > 0:25:15to stamp out sexual misconduct yet the gambling industry has been
0:25:15 > 0:25:18criticised for allowing an exhibition to take place with pole
0:25:18 > 0:25:24dancers in London this week. That has been criticised. It is part of a
0:25:24 > 0:25:28trend, isn't it, to shift away from the use of women as promotional
0:25:28 > 0:25:34tools?The fact this story has made media underlines changing dynamics.
0:25:34 > 0:25:40It has been a slow process but, if you think back 20, 30 years ago, you
0:25:40 > 0:25:45would have had women draped across cars at motor shows. That does not
0:25:45 > 0:25:50happen any more. The context but this has been flagged underlines
0:25:50 > 0:25:53that we are slowly getting to a scenario that is much more
0:25:53 > 0:25:59beneficial.Thank you for being on the programme today. Goodbye.
0:25:59 > 0:26:01That's it from Business Live today.
0:26:01 > 0:26:05There will be more business news throughout the day