:00:00. > :00:00.Now for the latest financial news with Sally
:00:00. > :00:19.The clock is ticking, but can Obama and Merkel breath life
:00:20. > :00:24.into a massive transatlantic trade deal before the end of the year?
:00:25. > :00:27.Ford's Chief Executive reveals the car giants major rivals are not
:00:28. > :00:29.the likes of General Motors or Chrysler for
:00:30. > :00:52.Also in the programme, Jacob Zuma, the president of South Africa, is in
:00:53. > :00:58.Iran. We will tell you why. Time is running out
:00:59. > :01:00.for completion of the hugely ambitious trade deal linking the
:01:01. > :01:02.United States and European Union. President Obama is keenly aware
:01:03. > :01:05.of the fact and despite angry protests in Hanover on
:01:06. > :01:08.Sunday the US President said he is By that he means completing
:01:09. > :01:12.the negotiations this year. But Obama admitted time was "not on
:01:13. > :01:15.our side," calling on all European leaders to support the deal and not
:01:16. > :01:18."let this opportunity close." TTIP aims to boost growth
:01:19. > :01:20.and jobs in the US and EU through the liberalisation
:01:21. > :01:22.of trade and investment. But neither of the two frontrunners
:01:23. > :01:25.for US president, Hillary Clinton or So, is it dead
:01:26. > :01:37.in the water once Obama moves on? With me is Aline Doussin, a partner
:01:38. > :01:52.at law firm Squire Patton Boggs, Good morning. Good morning. Today's
:01:53. > :02:01.talks in New York. The 13th round of discussions. What hope is there of
:02:02. > :02:06.progress? There will be progress considering the timescale. There is
:02:07. > :02:13.a will to have progress this week. There are a number of chapters
:02:14. > :02:21.waiting on decisions. Also many issues that are sensitive for
:02:22. > :02:28.Europeans, including food, safety, GMOs, the opening of public markets
:02:29. > :02:37.for the Europeans in the US, and, the new trade deal. Still a long way
:02:38. > :02:49.to go. Obviously, the clock is ticking. This is the 13th round.
:02:50. > :02:54.Many protests on both sides of the Atlantic of this trade deal. One of
:02:55. > :02:59.the issues that keeps coming up is a big corporate being able to take a
:03:00. > :03:07.European governments to court if some sort of deal were to go pear
:03:08. > :03:13.shaped. How is that being settled? This is a major issue, especially
:03:14. > :03:19.for Europeans. The ISDS system is a European issue. The commission has
:03:20. > :03:26.listened to those concerns put forward. It will be part of the
:03:27. > :03:32.ongoing negotiations with the US but also future trade deals initiated by
:03:33. > :03:39.the US. The idea is to move away from something which is
:03:40. > :03:44.confidential, a confidential dispute mechanism by arbitrators, and to
:03:45. > :03:52.have some thing settled by a permanent court of appeal. Something
:03:53. > :03:55.more transparent. Quickly, assuming Obama and those involved hits the
:03:56. > :04:00.deadline and get a deal negotiated by the end of the year, it still has
:04:01. > :04:04.to get through Congress, and it has to get through the European Union as
:04:05. > :04:09.well. Not to mention what international governments may decide
:04:10. > :04:15.in Europe. There is a lot of stuff yet to do. Yes. The last part will
:04:16. > :04:21.be the ratification by the different parties involved. The US Congress is
:04:22. > :04:27.always very vocal on trade negotiations. In Europe, the
:04:28. > :04:32.European Parliament as well has been following very closely the
:04:33. > :04:35.negotiations and the member states. The growing opposition on this has
:04:36. > :04:40.been led at a national level in Europe. Who knows what the German
:04:41. > :04:49.and French parliament or Westminster will have to say about it? Thank you
:04:50. > :04:55.for that. And of course, we will keep you a cross those negotiations
:04:56. > :04:56.as they continue in New York. -- across.
:04:57. > :04:59.South Africa's President Jacob Zuma is visiting Iran, on a trip which he
:05:00. > :05:02.hopes will dramatically expand trade between the two countries.
:05:03. > :05:04.Speaking after meeting the Iranian President Hassan Rouhani, Mr
:05:05. > :05:07.Zuma said Iran occupied a special place in his country's historical
:05:08. > :05:10.He added South Africans continue to be inspired by Iran's revolution
:05:11. > :05:14.Our Southern Africa correspondent Milton Nkosi sent this report
:05:15. > :05:30.We are here where the Iranians have put out the red carpet for Jacob
:05:31. > :05:34.Zuma. This is his state visit. Many agreements have in signed here
:05:35. > :05:45.across the board, from agriculture to tourism and energy. This is the
:05:46. > :05:49.end of the nuclear related sanctions that have opened up this whole
:05:50. > :05:56.agreement. Africa and indeed South Africa is coming to Iran to embrace
:05:57. > :06:01.it following the end of those sanctions. President Jacob Zuma is
:06:02. > :06:15.sending a clear message that South Africa, and even the African
:06:16. > :06:17.continent, is open for business. That was Milton in Iran for us where
:06:18. > :06:18.the red carpets were rolled out. The future of the car is almost
:06:19. > :06:21.certainly set to be a driverless one, but who will win the race to
:06:22. > :06:24.develop an autonomous vehicle for the mass market, and when can
:06:25. > :06:28.we expect to see them on our roads? Well,
:06:29. > :06:30.it could be sooner than you think. The boss of Ford, one of
:06:31. > :06:33.the world's biggest car companies, has told the BBC he expects
:06:34. > :06:36.self-driving vehicles to hit the Our economics editor, Kamal Ahmed,
:06:37. > :06:40.spoke to Mark Fields at the home of Ford in Detroit and asked him
:06:41. > :06:44.if the biggest threat to his company would come from traditional
:06:45. > :06:49.rivals, or a company like Google. There are many traditional
:06:50. > :06:54.competitors we have which we respect. There are many new
:06:55. > :06:59.competitors who are looking at the automotive space and that market and
:07:00. > :07:05.saying, can we get a piece of that? We are looking at a number of
:07:06. > :07:09.technological changes in industries and we are viewing that as an
:07:10. > :07:17.opportunity, not as a threat, in that there will be some things that
:07:18. > :07:21.we do on our own in able to satisfy customers, and also we will partner
:07:22. > :07:29.with others. -- in order to. That is why we have a new centre to
:07:30. > :07:37.collaborate with that market. Will Apple wants to build their own car?
:07:38. > :07:45.I have no idea. -- want. I read the same papers as everyone else. We
:07:46. > :07:48.think they do. That gives us motivation for the product and also
:07:49. > :07:54.the experience customers have interacting with the services we
:07:55. > :07:57.have. Can you imagine building a car with Google? Contract many factoring
:07:58. > :08:05.is not some thing that appeals to us as a business. -- manufacturing. Who
:08:06. > :08:11.knows, though? But that doesn't appeal to us. Talk us through
:08:12. > :08:20.autonomous vehicles. You talked about Level4 and five autonomous
:08:21. > :08:24.vehicles. -- Level four. What are they and when can we start using
:08:25. > :08:30.them? It is when a passenger does not have to be prepared to take
:08:31. > :08:39.control of a vehicle but had a predefined area in what we call
:08:40. > :08:42.being geofenced. When you look at advancements in centres and software
:08:43. > :08:52.and algorithms necessary for people to navigate, they will probably in
:08:53. > :08:59.the next decade be available. -- sensors. It may not be asked but we
:09:00. > :09:00.are working intently on this. -- may not be us.
:09:01. > :09:04.Figures produced by The Sunday Times newspaper in London suggest that
:09:05. > :09:07.the Indian Mittal family has seen its wealth decrease by nearly $30
:09:08. > :09:10.It's thought to reflect dramatic losses incurred
:09:11. > :09:18.They own Europe's biggest steel-makers, Arcelor Mittal.
:09:19. > :09:21.High Street retailer BHS could file for administration later,
:09:22. > :09:24.Sources close to the owners told the BBC that "things don't look good".
:09:25. > :09:27.A spokesman said a statement was expected "about BHS's future,"
:09:28. > :09:31.Last year, BHS was sold by the entrepreneur
:09:32. > :10:01.What goes up goes down. Let's have a look at the markets. A dismal day
:10:02. > :10:08.today. No action at all in Australia and New Zealand as they are closed
:10:09. > :10:11.or Anzac Day. But the price of oil and the yen as well moving in the
:10:12. > :10:19.wrong direction. That is why Japan is struggling at the moment. That's
:10:20. > :10:24.all from me time being. I will see you soon as we talked through the
:10:25. > :10:27.papers. -- talk.