:00:00. > :00:07.All right. Let's find out the latest happenings in the financial world.
:00:08. > :00:25.Sally is here with World Business Report. The boss of the UK's biggest
:00:26. > :00:29.business lobby group, the CBI comic gives us her reaction to the snap
:00:30. > :00:38.election called for by the British Prime Minister. -- the CBI, gives.
:00:39. > :00:41.And we talk to Facebook about policing violent material on the
:00:42. > :00:43.social media website following the suicide of murder suspect Steve
:00:44. > :00:49.Stephens. Hello and a warm welcome to you.
:00:50. > :00:52.Welcome to World Business Report. I'm Sally Bundock.
:00:53. > :00:56.all the market numbers for you as the global slide
:00:57. > :00:59.in shares continues in Asia and the pound sterling
:01:00. > :01:08.We were sure those numbers at the end of the programme. But first,
:01:09. > :01:12.here we go again. Nine months after becoming Prime Minister, Theresa May
:01:13. > :01:16.is ready dice and betting on a strong victory in a snap election on
:01:17. > :01:19.June the act. Today, MPs are expected to vote in favour of the
:01:20. > :01:23.proposal, which Theresa May says will bring greater certainty as
:01:24. > :01:24.Britain prepares to leave the European Union. Markets reacted
:01:25. > :01:29.sweetly to the news. On Tuesday, the pound
:01:30. > :01:32.was on a roller coaster ride - it jumped - then swung to loss
:01:33. > :01:36.and back again rising by as much as 2.7% percent
:01:37. > :01:38.against the US dollar - some analysts believe markets
:01:39. > :01:40.are cheering the prospect of a larger Conservative majority
:01:41. > :01:43.which would give less power to hardline Eurosceptics
:01:44. > :01:47.within Theresa May's party. The FTSE 100, the leading stock
:01:48. > :01:50.market in London fell 1.8%, But despite the ongoing
:01:51. > :01:53.uncertainty, the International Monetary Fund predicts the UK
:01:54. > :02:02.economy will grow by 2% This will make it the second
:02:03. > :02:05.fastest-growing developed economy in the world, behind the United States.
:02:06. > :02:08.Business groups have used yesterday's news to demand
:02:09. > :02:10.politicians make firm commitments as part of any
:02:11. > :02:22.Well, the Confederation of British Industry is one of the UK's biggest
:02:23. > :02:24.business lobby groups. I joined by its director-general, Carolyn
:02:25. > :02:31.Fairbairn. Good morning. First of all, your reaction. The snap
:02:32. > :02:35.election - A good idea? More uncertainty is not welcomed by
:02:36. > :02:38.business. But many businesses are seeing the opportunity for a
:02:39. > :02:42.government with a stronger mandate bringing longer-term stability and
:02:43. > :02:46.also a potential benefit in terms of timing, and that the implementation
:02:47. > :02:52.period at the end of Article 50 was going to have a general election in
:02:53. > :02:57.it, and now may need to be run with a bit of stability. So some good
:02:58. > :03:04.news and silver lining from this. I assume, from your point of view, as
:03:05. > :03:09.head of the CBI, is all about Brexit you, this election. The primers are
:03:10. > :03:14.having an elected mandate and getting a better deal, ultimately?
:03:15. > :03:18.De Brexit outcome is usually important for British business. They
:03:19. > :03:24.are looking for a deal that gives the best possible access to the
:03:25. > :03:28.market. Frictionless trade. -- The Brexit. Anything that allows that to
:03:29. > :03:31.happen more smoothly and rapidly is welcome. And come a stronger
:03:32. > :03:36.government mandate, the ability for a government to act in the national
:03:37. > :03:39.interest, less influenced by party politics, I think that is something
:03:40. > :03:45.that business is truly do welcome. How concerned are you about the
:03:46. > :03:52.outcome, because June's referendum last year taught us it is extremely
:03:53. > :03:56.difficult to project. And there was a lot of noise coming from top
:03:57. > :04:00.business leaders at the time. -- predict. A lot of business leaders
:04:01. > :04:04.seem to remain, but the public did not. And we will not know what the
:04:05. > :04:08.outcome is, during the eighth, it is difficult to predict, and talking to
:04:09. > :04:16.the general public, there is very mixed opinions out there, now. --
:04:17. > :04:24.June eight. A lot of people saying to leave are now saying there which
:04:25. > :04:28.we stayed in. One thing we will have now is a campaign that will bring
:04:29. > :04:33.the lens away from Brussels and on the communities and counter the UK.
:04:34. > :04:37.We have a robust democratic process here. That is good. I think
:04:38. > :04:42.businesses will be looking to see every party set out its stall, what
:04:43. > :04:46.is its plan for the Brexit presents? How are we going to maintain as far
:04:47. > :04:50.as possible the actions we have to the European market? They will also
:04:51. > :04:53.want to see the policies that the different hearties have on the
:04:54. > :04:58.domestic agenda. We have so many challenges around new technologies
:04:59. > :05:02.and the importance of maintaining innovation and skill levels. --
:05:03. > :05:05.parties. I think one of the advantages of the campaign is that
:05:06. > :05:11.people will be up to re-engage with the debate that has been politicised
:05:12. > :05:16.in Europe until now. But briefly, one thing she has said is that no
:05:17. > :05:20.deal is better than a bad deal. So could we be in a position where, if
:05:21. > :05:25.she gets a strong mandate, where it is a hard Brexit, that is we are not
:05:26. > :05:29.part of the single market or customs union, and I assume that that is
:05:30. > :05:33.something that you, at the CBI, would see as unwelcome. We have been
:05:34. > :05:41.vocal on this and we will continue to be so with whoever is in
:05:42. > :05:45.government. And 80% of British exports would have tariffs on them.
:05:46. > :05:48.We would have red tape. Additionally dirty for regulators without
:05:49. > :05:54.restriction on UK products. These are very bad outcomes. And so we
:05:55. > :05:57.hope that whatever happens, we will continue to represent our members
:05:58. > :06:08.voices on that important issue. -- our members' voices. Thank you for
:06:09. > :06:11.joining us. Later on, we be to the boss of WPP, to get his reaction.
:06:12. > :06:15.Throughout the day, be gauging the reaction from top
:06:16. > :06:18.business leaders. But now, let's about Facebook.
:06:19. > :06:23.Mark Zuckerberg has paid his respects to the family of a man
:06:24. > :06:28.whose killing was filmed and posted onto its side. About one hour before
:06:29. > :06:31.the social media giant's annual developers' conference, police
:06:32. > :06:34.revealed that the suspect had killed themselves. Steve Stephens was
:06:35. > :06:41.believed to have uploaded a video to Facebook showing the killing of
:06:42. > :06:45.74-year-old Mr Godwin in Cleveland on Sunday. Our north America
:06:46. > :06:48.technology correspondent Staveley was at the developers' conference
:06:49. > :06:55.in San Jose. Before making any announcements, Mark Zuckerberg
:06:56. > :06:58.addressed the killing of the grandfather, footage of which was
:06:59. > :07:06.posted on Facebook. Our hearts go out to the family and friends of Mr
:07:07. > :07:10.Godwin, and we have a lot of work, and will continue doing all we can
:07:11. > :07:14.to prevent tragedies like this from happening. After the comments, he
:07:15. > :07:19.quickly got down to business. And flowers that are blooming...
:07:20. > :07:23.Augmented reality was the big focus this year. We saw a range of fun
:07:24. > :07:29.features that add digital elements to the world. But as for the virtual
:07:30. > :07:33.world, the company is launching Spaces, a place to hang out with
:07:34. > :07:39.your friends in virtual reality, rather than real life. They're
:07:40. > :07:44.investing in augmented reality and virtual reality. Mark Zuckerberg is
:07:45. > :07:48.convinced that this will be a key way in how we interact with friends
:07:49. > :07:51.online in future. But he needs to make sure that people do it through
:07:52. > :07:54.Facebook and not their competitors. Facebook is all about scale and
:07:55. > :07:58.engagement. So they have to make sure that they are covering every
:07:59. > :08:01.technology. And really rivalling any newcomer who can come along and
:08:02. > :08:07.threatened that level of engagement that they really need with users.
:08:08. > :08:10.They really need to keep that to stay around long-term. Here is how
:08:11. > :08:14.tight this race is becoming. On the same morning, Snapchat announced
:08:15. > :08:19.similar augmented reality features. And it is not the only thing.
:08:20. > :08:23.Facebook has been accused of routinely copying Snapchat's best
:08:24. > :08:27.ideas. They cleverly invented a format, the stories format, and I do
:08:28. > :08:38.think that it feels right at home in emerging out, -- in a messaging out.
:08:39. > :08:44.-- app. Aside from the statement from Mark Zuckerberg, there has not
:08:45. > :08:49.been much talk about the negative effects of social media, such as the
:08:50. > :08:55.sharing of fake news or specialised content of our children. What other
:08:56. > :08:59.technologies are you bringing to solve the problem of violent contact
:09:00. > :09:04.on Facebook? Right now, we rely on people reporting content will stop
:09:05. > :09:07.overtime, we are hoping that Artificial Intelligence can
:09:08. > :09:11.automatically flag is content to review, so we can act much faster
:09:12. > :09:16.than we currently do. So we are working on technologies to help us
:09:17. > :09:19.do that. Even with its many challenges, Facebook is more
:09:20. > :09:24.powerful now than ever. Within the year, the site will surpass 2
:09:25. > :09:26.million active users. Dave Lee, BBC News, San Jose.
:09:27. > :10:00.The US investment bank Morgan Stanley will reveal
:10:01. > :10:04.The computing giant IBM has announced a fall in sales
:10:05. > :10:06.in the first three months of the year.
:10:07. > :10:09.It marks the fifth straight year of declining revenues
:10:10. > :10:12.for the company as it continues its move away