0:00:07 > 0:00:10This is Business Live from BBC News with Rachel Horne and David Eades.
0:00:10 > 0:00:15Leaving London - consumer goods giant Unilever
0:00:15 > 0:00:17says it's moving to a single headquarters in the Netherlands.
0:00:17 > 0:00:21Live from London, that's our top story on Thursday, 15th March.
0:00:35 > 0:00:38Love it or hate it, the maker of Marmite and Dove Soap says
0:00:38 > 0:00:42the decision wasn't made because of Brexit but out of a need
0:00:42 > 0:00:44to simplify the business.
0:00:44 > 0:00:46Also in the programme...
0:00:46 > 0:00:47Counting on Kudlow.
0:00:47 > 0:00:49US President Donald Trump brings in a TV commentator
0:00:49 > 0:00:55as a top economics advisor.
0:00:55 > 0:00:59On the markets, Europe is open and rising, as expected, albeit
0:00:59 > 0:01:01cautiously.
0:01:01 > 0:01:02And the Oscar goes to...
0:01:02 > 0:01:05The man who'll be giving us the Inside Track on special effects.
0:01:05 > 0:01:07BladeRunner 2049 won the Academy Award so we'll
0:01:07 > 0:01:12speak to the company behind the silver screen magic.
0:01:12 > 0:01:16Also the question for you, we want to know, does it bother you there
0:01:16 > 0:01:20are plastic particles in your bottles of water? Let us know.
0:01:20 > 0:01:23Just use #BBCBizLive.
0:01:23 > 0:01:27Would you buy that water?
0:01:31 > 0:01:33Hello and welcome to Business Live.
0:01:33 > 0:01:36Unilever, which is one of the world's biggest consumer
0:01:36 > 0:01:37goods manufacturers, says it's abandoning its
0:01:37 > 0:01:40London headquarters.
0:01:40 > 0:01:42It means the company will only have one head office,
0:01:42 > 0:01:44in the Dutch city of Rotterdam.
0:01:44 > 0:01:47It says the move is not connected to Brexit.
0:01:47 > 0:01:52The company, which makes products including Marmite,
0:01:52 > 0:01:55Dove Soap and Ben and Jerry's ice cream says it's moving to
0:01:55 > 0:01:56a simpler, more agile structure.
0:01:56 > 0:02:01Unilever employs 7,300 people in the UK and whilst no jobs
0:02:01 > 0:02:03are being affected, this will be regarded by many as a blow to
0:02:03 > 0:02:06the country in the run-up to Brexit.
0:02:06 > 0:02:10The company has its roots in both the UK and the Netherlands where it
0:02:10 > 0:02:15already employs 3,100 people.
0:02:15 > 0:02:16Thank you.
0:02:16 > 0:02:21Our business correspondent is Theo Leggett.
0:02:21 > 0:02:25In practical, real terms, what does it mean?It does not mean anything
0:02:25 > 0:02:31in terms of jobs. Unilever will continue to employ 7300 people in
0:02:31 > 0:02:35the UK and 3100 in the Netherlands. The corporate structure of the
0:02:35 > 0:02:40business will be simplified. It is quite unwieldy at the moment, it was
0:02:40 > 0:02:46created from a merger in the late 1920s between British and Dutch
0:02:46 > 0:02:51company. The board currently sits on two locations, that will go down to
0:02:51 > 0:02:55one. In practical terms, one of the attractions for the Netherlands is
0:02:55 > 0:02:59that it has stricter takeover laws than the UK which means a company
0:02:59 > 0:03:05can do more to obstruct a potential hostile takeover. Think back to last
0:03:05 > 0:03:10year, Unilever was on the receiving end of a hostile takeover bid from
0:03:10 > 0:03:13Kraft and it said in the wake of the deal it would simplify structures to
0:03:13 > 0:03:17make itself into a leaner company and that is what it is doing.What
0:03:17 > 0:03:21about the issue of whether company will be listed? Will it retain its
0:03:21 > 0:03:29first -- its FTSE 100 listing?That would be quite difficult but it is
0:03:29 > 0:03:32currently in negotiations with the authorities to try to reclaim that
0:03:32 > 0:03:37listing. It matters because it will still be selling shares in London
0:03:37 > 0:03:41whatever happens, it says it wants to retain access to UK funding,
0:03:41 > 0:03:45investors. The question about whether it is in the FTSE 100 is
0:03:45 > 0:03:50important because if it is in the index, certain large funds are under
0:03:50 > 0:03:57an obligation to buy and hold its shares.Thank you very much. The
0:03:57 > 0:04:00British Government very quick to say it has nothing to do with the
0:04:00 > 0:04:03British departure from the EU.
0:04:03 > 0:04:13Let's take a look at some of the other stories making the news.
0:04:16 > 0:04:19The toystore giant US Toys R Us says it will close all 735
0:04:19 > 0:04:22of its US stores as it winds down the company after failing to secure
0:04:22 > 0:04:24a buyer or a rescue deal.
0:04:24 > 0:04:27It comes after it decided to do the same with its stores
0:04:27 > 0:04:28in other parts of the world.
0:04:28 > 0:04:32It had hoped to sell the international business
0:04:32 > 0:04:34to keep the American branch going after racking
0:04:34 > 0:04:35up $5 billion of debts
0:04:35 > 0:04:37and seeking bankruptcy protection in the US last year.
0:04:37 > 0:04:40Amazon Japan said it has been raided by the country's fair trade
0:04:40 > 0:04:42regulator on suspicion of a possible anti-trust violation.
0:04:42 > 0:04:45An Amazon Japan spokesperson said it was fully cooperating
0:04:45 > 0:04:48with authorities but gave no details about the alleged violations.
0:04:48 > 0:04:54Japanese media say the firm is suspected of asking suppliers to
0:04:54 > 0:05:01shoulder costs incurred are selling their products at a discount.
0:05:01 > 0:05:04The US Senate has passed a bill to roll back banking
0:05:04 > 0:05:07regulations put in place in the wake of the 2008 financial crisis.
0:05:07 > 0:05:09The bill exempts banks with less than $250 billion in assets
0:05:09 > 0:05:10from stricter oversight.
0:05:10 > 0:05:12The draft legislation must now go through the House
0:05:12 > 0:05:14of Representatives.
0:05:14 > 0:05:17The United States has strongly backed Britain's decision to expel
0:05:17 > 0:05:1923 Russian diplomats in response to the nerve agent
0:05:19 > 0:05:21attack in Salisbury.
0:05:21 > 0:05:25Moscow denies involvement.
0:05:25 > 0:05:28The Foreign Ministry has described the British response as insane.
0:05:28 > 0:05:30But it remains to be seen whether that backing will amount
0:05:30 > 0:05:35to more international sanctions.
0:05:35 > 0:05:37And the power and importance of Russia's energy industry means
0:05:37 > 0:05:39further economic sanctions could be limited.
0:05:39 > 0:05:42Russia is the world's biggest oil producer.
0:05:42 > 0:05:45Last year that amounted to almost 11 million barrels per day -
0:05:45 > 0:05:48that's more than 10% of the global total.
0:05:48 > 0:05:52It's also the biggest exporter of natural gas to the EU -
0:05:52 > 0:05:56supplying almost 40% of imports.
0:05:56 > 0:05:58And some individual European companies are heavily
0:05:58 > 0:06:01dependent on Russia too.
0:06:01 > 0:06:08Almost a quarter of BP's profits in 2015 came from its stake
0:06:08 > 0:06:12in Russian oil giant Rosneft.
0:06:12 > 0:06:14Evghenia Sleptsova is senior economist for Central
0:06:14 > 0:06:18and Eastern Europe at the consultants Oxford Economics.
0:06:18 > 0:06:24Thank you for joining us. What economic impact could these
0:06:24 > 0:06:28sanctions have or is it purely political?The expulsion of
0:06:28 > 0:06:33diplomats will not have an economic impact and more importantly it could
0:06:33 > 0:06:36have a limited political impact as well because this is the bare
0:06:36 > 0:06:40minimum you would expect in the circumstances. The question really
0:06:40 > 0:06:46is whether the UK will do what has been prompted to do for so long,
0:06:46 > 0:06:54going after the Russian shady money flowing into the UK.We have focused
0:06:54 > 0:06:59on oil and gas because it is such a massive part of Russia's economic
0:06:59 > 0:07:03lifeblood, they will not do anything on their own, Britain, but what
0:07:03 > 0:07:08chance of getting any EU coalescence around a move at all?There are
0:07:08 > 0:07:15already sanctions on the Russian oil and gas sector, more by the US than
0:07:15 > 0:07:19by Europe, so in addition to that, I do not think they will be going
0:07:19 > 0:07:26after that because the Russian oil sector is already partially
0:07:26 > 0:07:33suffering from limited access to finance. And also, in terms of
0:07:33 > 0:07:37limiting oil or gas supply, this will not happen because it is of
0:07:37 > 0:07:44mutual interest to both sides, the EU and Russia. Russia would also not
0:07:44 > 0:07:49unilaterally try to punish Europe by less supplies of energy.What sort
0:07:49 > 0:07:54of response do you think we could see from Russia on this?In terms of
0:07:54 > 0:08:00economic sanctions, I think Russia's responds in kind has been limited,
0:08:00 > 0:08:05the only tit-for-tat sanction they had was imposing a ban on exports of
0:08:05 > 0:08:11food from Europe or imports of food into Russia, and I think Russia
0:08:11 > 0:08:17tends to respond more in terms of its ultimate goals and its ultimate
0:08:17 > 0:08:19goals are undermining European national security and that would be
0:08:19 > 0:08:25the response and I think it is ultimately about the power balance,
0:08:25 > 0:08:28the less you respond, the more you are likely to seek further
0:08:28 > 0:08:33encouraging into European national security -- further incursions.
0:08:33 > 0:08:37Thank you very much.
0:08:37 > 0:08:40US president Donald Trump has another country in his sights
0:08:40 > 0:08:43when it comes to trade.
0:08:43 > 0:08:46After action against China, as well as tariffs on steel
0:08:46 > 0:08:47and aluminium imports, this time Indian exporters
0:08:47 > 0:08:49are being targeted.
0:08:49 > 0:08:52our correspondent Suranjana Tewari is in Mumbai.
0:08:52 > 0:09:03All eyes on this one.Absolutely. The US has gone to the World Trade
0:09:03 > 0:09:05Organisation in order with this challenge saying that Indian
0:09:05 > 0:09:11government exemptions for duties, taxes and some fees for Indian
0:09:11 > 0:09:18companies exporting to the US is unfair, it says Indian companies are
0:09:18 > 0:09:22benefiting by about $7 billion every year because of these. The companies
0:09:22 > 0:09:27that will be affected are producing steel, textiles, IT
0:09:27 > 0:09:30steel,
0:09:30 > 0:09:36, pharmaceuticals, a really wide range. The US says it creates an
0:09:36 > 0:09:38uneven playing field than it is unfair to American companies and
0:09:38 > 0:09:44workers because it allows Indian companies to sell goods more
0:09:44 > 0:09:48cheaply. The WTO allows for developing countries to have these
0:09:48 > 0:09:55kinds of programmes, until they reach a certain economic benchmark.
0:09:55 > 0:10:02The US says that India crossed that benchmark in 2015. This is the
0:10:02 > 0:10:05latest protectionist move we have seen from the US. The Indian
0:10:05 > 0:10:09government has not responded yet but we are expecting a strong one.Thank
0:10:09 > 0:10:17you for that. Let us look at how the markets have been getting on.
0:10:17 > 0:10:22Asian markets started the session with losses but have
0:10:22 > 0:10:25staged a come back.
0:10:25 > 0:10:31The Dow is also down. Traders concerned about trade war issues.
0:10:31 > 0:10:37Europe has opened up, as expected. We will keep an eye on the numbers
0:10:37 > 0:10:46through the day. President Trump has picked his new top economic advisor.
0:10:46 > 0:10:53More details. In his trademark blue pinstriped shirts and cuff links,
0:10:53 > 0:10:56Kudlow has been a fixture on US financial television for more than a
0:10:56 > 0:11:01decade and a reliable cheerleader for American business, a consistent
0:11:01 > 0:11:05proponent of lower taxes and free markets, he made his name as an
0:11:05 > 0:11:10investment banker at the inflated Bear Stearns before working in the
0:11:10 > 0:11:13Ronald Reagan administration. At one point he strongly denounced Donald
0:11:13 > 0:11:17Trump's behaviour and has repeatedly criticised the White House for its
0:11:17 > 0:11:22attacks on open markets including the recently announced steel and
0:11:22 > 0:11:25aluminium tariffs. However sitting in his usual perch on cable
0:11:25 > 0:11:29television on Wednesday, he appeared to row back on his previous position
0:11:29 > 0:11:34and stressed he was broadly in agreement with his old friend Donald
0:11:34 > 0:11:38Trump's economic agenda. It was a performance that no doubt pleased
0:11:38 > 0:11:44the presidents who once worked as a Wall Street pundit alongside Mr
0:11:44 > 0:11:51Kudlow and was reportedly won over by his TV skills.
0:11:51 > 0:11:54Jane Foley is senior currency strategist at Rabobank.
0:11:54 > 0:11:59People know what he is about, his track record, his background,
0:11:59 > 0:12:06Kudlow. A bit of an Asian uncertainty about his China
0:12:06 > 0:12:09approach.Do they know his background? He used a walk on Wall
0:12:09 > 0:12:15Street and in the Reagan administration, has he has
0:12:15 > 0:12:18experience working in government which is perhaps reassuring. Looking
0:12:18 > 0:12:21at the Reagan administration, a president that did use some
0:12:21 > 0:12:26terrorists even though he was supposed to be about free trade. The
0:12:26 > 0:12:31markets, we can have perhaps some relief on the trade side because
0:12:31 > 0:12:35Kudlow is someone who has associated himself with free trade, perhaps we
0:12:35 > 0:12:41have a moderating force.What sort of influence will he have? An
0:12:41 > 0:12:45adviser, no technical power, how much do you think President Trump
0:12:45 > 0:12:49will listen to him on the trade issues, especially because we are
0:12:49 > 0:12:55led to believe that is why the previous adviser left?The
0:12:55 > 0:12:59impression we are getting more recently is that Trump, apart from
0:12:59 > 0:13:02perhaps this appointment, he has been getting rid of people who
0:13:02 > 0:13:06disagree with him. Rex Tillerson, another example. Perhaps the inner
0:13:06 > 0:13:11circle is just people who agree with him. It will be interesting to see
0:13:11 > 0:13:15whether Kudlow is successful in moderate rating the protectionism --
0:13:15 > 0:13:21moderating.Mike Pompeo, the removal of Rex Tillerson, now this
0:13:21 > 0:13:25appointment, that in itself creates all sorts of uncertainties about
0:13:25 > 0:13:29what the pattern looks like and whether anything else will come with
0:13:29 > 0:13:36musical chairs.The White House has a revolving door right now. For the
0:13:36 > 0:13:41markets, it is not something that promote stability, quite the
0:13:41 > 0:13:44opposite, and that is disgruntled link for investors.Thank you very
0:13:44 > 0:13:47much.
0:13:47 > 0:13:49Still to come...
0:13:49 > 0:13:51We talk to the Oscar winning special effects firm behind
0:13:51 > 0:13:54blockbusters like Harry Potter, Gravity and Bladerunner.
0:13:54 > 0:13:56The founder and CEO of Britain's Framestore tells us
0:13:56 > 0:13:58about the global revolution in visual effects.
0:13:58 > 0:14:05You're with Business Live from BBC News.
0:14:11 > 0:14:13The world's second biggest cinema chain Cineworld has
0:14:13 > 0:14:23seen its sales grow 11.6% last year.
0:14:24 > 0:14:28Joining us now is Michael Hewson.
0:14:28 > 0:14:33A fairly good set of numbers. Revenues came in higher at 890
0:14:33 > 0:14:40million. Profits were up as well. A good 22%. But I think you need to
0:14:40 > 0:14:48put these numbers in the context of the recent acquisition of Regal
0:14:48 > 0:14:50Entertainment, $3.6 billion acquisition of one of the biggest
0:14:50 > 0:14:55cinema firms in the US. Looking at the numbers, they are good.
0:14:55 > 0:15:00Unfortunately, the share prices down 25% on the past 12 months. The share
0:15:00 > 0:15:06price should be an awful lot higher and there are concerns that
0:15:06 > 0:15:10Cineworld maybe has bitten off more than they can chew with respect to
0:15:10 > 0:15:13the acquisition and that is why there is a subdued reaction on the
0:15:13 > 0:15:21London market.What would investors have preferred, just focus on what
0:15:21 > 0:15:24they are doing already?Focus on what they are doing already, and a
0:15:24 > 0:15:28large part in the growth of revenues last year was as a result of three
0:15:28 > 0:15:33films, beauty and the beast, Dunkirk, Star Wars. An awful lot of
0:15:33 > 0:15:39competition at the moment with respect to streaming, Amazon Prime,
0:15:39 > 0:15:44Netflix, Apple, Google, what cinemas need to do to retain futsal is
0:15:44 > 0:15:50improve the cinema experience, make it more immersive. They have rolled
0:15:50 > 0:16:01out 11 four D experiences, they need to do more and quicker. They have
0:16:01 > 0:16:07only upgraded around 11, 12. If they want to retain footfall and rely
0:16:07 > 0:16:10less on big blockbusters to get people through the door, they need
0:16:10 > 0:16:23to focus on that.Chief market analyst, thank you for your time.
0:16:23 > 0:16:31One story on the website, Airbus, challenging that Melrose is a bit
0:16:31 > 0:16:36short term list for their liking. They won't be able to put to work
0:16:36 > 0:16:43the way of GKN. A potentially significant development for GKN.
0:16:53 > 0:16:57The Anglo Dutch consumer goods giant Unilever says it has chosen
0:16:57 > 0:17:01Rotterdam in the Netherlands over London for its main headquarters,
0:17:01 > 0:17:04saying it's an effort to simplify the business rather than a response
0:17:04 > 0:17:07to Brexit.
0:17:07 > 0:17:08the business rather than a response to Brexit. Looking at the markets
0:17:08 > 0:17:12this morning, across Europe, they are all up just a little bit after
0:17:12 > 0:17:21rather flat trading across Asia on the basis of the Dow having fallen,
0:17:21 > 0:17:25jittery over Donald Trump's recent changes.
0:17:26 > 0:17:28There are few fields where your work is considered better,
0:17:28 > 0:17:30the less visible it is.
0:17:30 > 0:17:31But that's certainly true if you make special
0:17:31 > 0:17:32effects for big movies.
0:17:32 > 0:17:35Seamlessly blending the effects with the live action is key.
0:17:35 > 0:17:37London-based Framestore won a BAFTA and an Oscar this year
0:17:37 > 0:17:41for its special effects work on Blade Runner 2049.
0:17:41 > 0:17:44It also worked on the Harry Potter series, Walking with Dinosaurs
0:17:44 > 0:17:46and the Paddington films - its annual revenues now
0:17:46 > 0:17:51exceed $180 million.
0:17:51 > 0:17:55Today Framestore employs 2,500 staff and has seen its annual revenues
0:17:55 > 0:18:01grow by 12-15% every year since it was founded in 1986.
0:18:01 > 0:18:07Sir William Sergent, chief executive of Framestore, is here.
0:18:07 > 0:18:11Thank you for coming in. Pretty impressive growth and many
0:18:11 > 0:18:15congratulations, great results for you. And you are moving from where
0:18:15 > 0:18:20you started 30 years ago but staying very much at home in London.Indeed,
0:18:20 > 0:18:26we have been in Soho for 30 years, over five buildings, and now we are
0:18:26 > 0:18:29bringing them together under one roof in Holborn, which is becoming
0:18:29 > 0:18:34the centre of the UK creative industry.You hazard Halpern is the
0:18:34 > 0:18:39centre of the centre. You're talking about a very small defined patch in
0:18:39 > 0:18:46London. -- you have said Holborn is the centre.Where do you take
0:18:46 > 0:18:51architecture, design, film and music? We are very much where it is
0:18:51 > 0:18:56in the world. Its spread all over London now.One of the headlines
0:18:56 > 0:18:59this morning has been about Unilever moving their headquarters out of
0:18:59 > 0:19:03London and at the same time you are moving your headquarters and
0:19:03 > 0:19:07choosing to stay in London. Is Brexiter concern for you?It's a
0:19:07 > 0:19:14concern because we hire the best of the best from Europe. But London is
0:19:14 > 0:19:20an ecosystem, and ecosystems are very important and the creative
0:19:20 > 0:19:23industries are very powerful and work of each other in London.With
0:19:23 > 0:19:26Brexit, you are used to hiring people from across the EU and to
0:19:26 > 0:19:30some extent you might be hamstrung. I hope David Davis will give me some
0:19:30 > 0:19:35clarity because at the moment we hire people from UK universities and
0:19:35 > 0:19:39European universities. That's very important for us, the flow of
0:19:39 > 0:19:43graduates is important and I hope it will not be disrupted.A clarion
0:19:43 > 0:19:47call for clarity, we have heard that a few times. Your focus is on the US
0:19:47 > 0:19:52and Asia. You would see that is partly the way that you avoid the
0:19:52 > 0:19:58issue.In the UK, in Europe and America, there are less than 1
0:19:58 > 0:20:02billion consumers for what we collectively do as a living, in
0:20:02 > 0:20:06terms of digital storytelling. Between Mumbai and Beijing, 4
0:20:06 > 0:20:08billion people consume what we do for a living. That tells you where
0:20:08 > 0:20:14you need to be as a community.Don't give everybody the impression we are
0:20:14 > 0:20:17going across European. We are watching footage from Blade Runner
0:20:17 > 0:20:222049. This is what you won the Oscar for, Best visual effects. As
0:20:22 > 0:20:26technology has advanced over the years you have worked in the
0:20:26 > 0:20:31industry, has it made your job easier or more challenging?We tell
0:20:31 > 0:20:35stories using computer-generated imagery and it allows more ambitious
0:20:35 > 0:20:39storytelling, particularly visually. The game goes up every year, and
0:20:39 > 0:20:44what was outstanding Asti is ordinarily this year.In your hub,
0:20:44 > 0:20:49you have a big R.N. Taddy department. You always have to do
0:20:49 > 0:20:54recognise that although Gravity might be a great success, that's
0:20:54 > 0:21:03gone. -- a great R&D department. Oscars
0:21:09 > 0:21:13what piece of special effects have you were, at your most proud of?
0:21:13 > 0:21:17It's generally the one I can't tell you about yet because it is yet to
0:21:17 > 0:21:21come out. People would expect me to say something like Gravity or
0:21:21 > 0:21:26Paddington. But for me, Notting Hill was a benchmark in terms of
0:21:26 > 0:21:31storytelling because nobody has any idea that the seasonal walk down
0:21:31 > 0:21:34Portobello Road is a triumph of visual effects. If you look at it,
0:21:34 > 0:21:38we go through the four seasons, and the lady walking alongside Hugh
0:21:38 > 0:21:43Grant becomes ever more pregnant. By the end of the war she has a baby in
0:21:43 > 0:21:51her arms.Done seamlessly. Before we close, what is the next big thing?
0:21:51 > 0:21:54Film, like everything, goes in quantum leaps forward. What is the
0:21:54 > 0:21:59next big thing?Your story about cinema is interesting. Cinema is
0:21:59 > 0:22:03only part of the platform of telling a story. As people we want to
0:22:03 > 0:22:08consume a story everyday, just like BBC News, we get it on all sorts of
0:22:08 > 0:22:12platforms, and for me that is the future. For me in the future you
0:22:12 > 0:22:20might be using your phone or a AR headset. You will consume the story
0:22:20 > 0:22:23in many manifestations digitally, somebody has to tell the story in
0:22:23 > 0:22:27that manner. They haven't done it yet, but they are already directing
0:22:27 > 0:22:31and I hope we can help them achieve that.Where do you keep the Oscar?
0:22:31 > 0:22:35They are kept in someone's home, normally as a doorstop.Just behind
0:22:35 > 0:22:42the Bafta! Priorities. Thank you for joining us.
0:22:42 > 0:22:45In a moment we'll take a look through the Business Pages but first
0:22:45 > 0:22:47here's a quick reminder of how to get in touch with us.
0:22:50 > 0:22:55Stay up-to-date with all the business news that it happens on the
0:22:55 > 0:22:58BBC business live page. Insight and analysis from a team of editors
0:22:58 > 0:23:02around the globe. And we want to hear from you. Get involved on the
0:23:02 > 0:23:05business live web page.
0:23:10 > 0:23:13Find us on Twitter and Facebook as well.
0:23:16 > 0:23:22What you need to know, when you need to know. We will have a look at some
0:23:22 > 0:23:26of the other media stories and the story we have been asking you about,
0:23:26 > 0:23:30this revelation that there are plastic particles in our bottles of
0:23:30 > 0:23:36water. Your response as to whether you want to drink that. Jason says,
0:23:36 > 0:23:42this possibly means it's also in all bottled drinks, anything containing
0:23:42 > 0:23:47water, lemonade, coal and orange squash? John says it's in tap water
0:23:47 > 0:23:52as well, but we should stop buying bottled water to cut down on plastic
0:23:52 > 0:23:54production and environmental littering. A few people picking up
0:23:54 > 0:24:00on the idea that if it is in water, it will be in anything. James Comey
0:24:00 > 0:24:05you had an interesting point about not buying bottled water but looking
0:24:05 > 0:24:12for...Because of the stories of the oceans over the last few months, you
0:24:12 > 0:24:17can buy cart and water, which we can't get here very easily. I was in
0:24:17 > 0:24:21the supermarket last night looking for cart and water and it's not easy
0:24:21 > 0:24:30to buy. Hopefully change very soon. -- looking for cartoned water.It
0:24:30 > 0:24:36will also have an impact on peoples views of any container, aluminium
0:24:36 > 0:24:42you send reusable. Let's get back to a bit of glass maybe.If we hear
0:24:42 > 0:24:49stories it's also in tap water, that is also setting.A story in the
0:24:49 > 0:24:53Guardian, Donald Trump admits making up facts in a trade meeting with
0:24:53 > 0:24:57Canadian leader Justin Trudeau.It's quite amazing. On one level I would
0:24:57 > 0:25:05be surprised he carried on with his argument not knowing the facts,
0:25:05 > 0:25:10perhaps I'm not so surprised about that. Talking about which way round
0:25:10 > 0:25:13the trade surpluses were. Donald Trump would not believe Trudeau
0:25:13 > 0:25:19until he sent out his advisers to look it up. The headline trade
0:25:19 > 0:25:23balance, Canada has a deficit with the US, once you throw in energy,
0:25:23 > 0:25:28Canada is the biggest exporter of energy to the US, and also timber.
0:25:28 > 0:25:33There is a lot of dispute, and has been for a number of years with the
0:25:33 > 0:25:37US.He got away with it there. Others are saying it's not news at
0:25:37 > 0:25:43all because the last line in the Guardian said, Trump made 2140 false
0:25:43 > 0:25:47or misleading claims in his first year as president according to a
0:25:47 > 0:25:55Washington Post story. Thank you, J. That's it from business Live today.
0:25:55 > 0:25:59More news on the web page and on world business report. We will see
0:25:59 > 0:26:02you again soon.