And ill be getting the inside track on philanthropy for women by women. Hrh Crown Princess of norway is here. Female empowerment is a big theme here this year, and you canjoin in the debate. As the allegations have surfaced about the hostesses who we re surfaced about the hostesses who were harassed at a men only dinner in london, 50,000 people have signed a petition saying more needs to be done to protect women. Tell us what you think should be done. There are 3,000 of the worlds top business and political leaders at the World Economic forum in davos. But none of them will get us much attention as the man arriving in a few hours , us President Donald Trump. Tensions have already been stoked with the us delegation talking of a trade war and more tariffs on imports. This week the president signed new protectionist measures against foreign goods slapping tariffs of up to 30 on chinese solar panels and up to 50 on south korean washing machines. Mr trump has alsoe threatened to pull out of the north American Free trade agreement with neighbours canada and mexico its worth 1. 2 trillion. Talks to try and save it are under way this week in montreal. The stakes are high. China, mexico and canada are the usas top three trading partners accounting for over 45 of its foreign trade. The dollar has been falling but mr trumps huge tax cuts have propelled us stock markets to record highs. So while some of the davos delegates may disagree with him many have found themselves a lot richer since he took office sally is in davos. Tell me more about mr trumps visit. Yes, i have to say here, there are 3000 delegates here. There are more heads of state here than in many yea rs, heads of state here than in many years, and of course, lots of company chief executives. It is a bit like Business News on speed. I have been talking to so many Company Bosses to get their sense of this yea rs davos, bosses to get their sense of this years davos, which is completely dominated by the arrival of a sitting us president , the First Time Since 2000. But this is a very different us president. Lets talk in more detail with philipjennings, from the unique global union, an organisation representing 20 million members, 900 unions. Welcome to business live. President trump tweeted before he left washington, we will soon be heading to davos to tell the world how Great America is and is doing. 0ur tell the world how Great America is and is doing. Our economy is booming, and with all i am doing, it will only get better. What do you make of his message . It is a fantasy tweet. This is the 0bama recovery in continuation. He is looking at the reality of the american Labour Market through one eye. If we look at the promises he made to the American People and to the american working men and women, he has not fulfilled any of them to the extent that he promised. We have a situation where the tax reforms he has introduced, 83 of the benefits will float to the 1 . Underneath the radar, which doesnt capture the attention of Business News around the world is all the other things he is doing with respect to cutting overtime, ending fair pay legislation, the attack on the immigrant workers, which we are seeing, making it more difficult to negotiate, to organise. The trade union centre have done an opinion poll of their membership and said, are you happy or unhappy with this guy . 70 of the people say that they dont like what they see. There was an economic boom, and this theory of trickle down will fail again. The American Worker may have a job, but it wont pay its way. Quite a few Company Bosses either spoken to here are talking about the fact that tax cuts mean for them that they are paying a lot less tax than they have more money to spend. Quite a few are saying that they will invest and they will be hiring more people. The point about the tax cut is, it is significant and deep. It is a davos gift for a ceo. His bottom line will work because his Tax Obligations will be less. Will the money really go into investment . If you look at the levels of investment in america and the 0ecd as a whole, it is 50 down on precrisis numbers. Investment is not happening. Where is the money going . It is being recirculated, 4 trillion worth has been redistributed to shareholders. They are surviving on pay cheque to pay cheque, the ordinary man and woman. The other night the ordinary man and woman in america voted in this president. On the basis of promises that have been unfulfilled. He said he would train this one, and he has raked the system against the ordinary man and woman. You need to be able to organise collectively bargain, and he has done nothing to lift the possibility of american men and women to negotiate a better wage deal on better terms and conditions of employment. It is the contrary. We will have to stop your there. You have very strong opinions. Just say, of course, we have talked to many people here, among them the chief executive ofjp morgan chase, and he was talking to my colleague simon jack. Simon first of all started to talk to him about his plans for london in the light of brexit, with regard to how manyjobs may go atjp morgan chase in london. We love london, we love working there. Weve got, as you point out, a lot of people there. There is huge efficiencies for us, its huge efficiencies for the eurozone too. But if they determine that you cant have reciprocal trade practices and reciprocal regulations it will be bad in thosejobs. How many . I dont know it would be a lot. Thousands . Yeah. 4000 . It would be more than 4000. So, this feels more like a bite than a bark. Real tariffs on things like solar panels and washing machines. As donald trump started a trade workers might i totally agree. He has raised a lot of issues about trade. I am has raised a lot of issues about trade. Iam pro trade. Some stuff about china is intellectual property and lack of reciprocity. Those of a legitimate issues. If they are, they should be fixed. That is the boss ofjp morgan speaking to simonjack there. Lets take a look at some of the other stories making the news. Here in the uk more than 50,000 people have signed a petition calling for more protection from Sexual Harassment in the workplace. It follows allegations of widespread harrassment at a men only fundraising Charity Dinner that was uncovrered by the Financial Times and attended by many leading businessmen. The european satellite tv provider sky says operating profits were up 24 in the second half of last year after it attracted 365,000 new customers. The company says it shows that its strategy of investing heavily in sports and entertainment is paying off. Total sales rose to £6. 7 billion which is just over 9. 5bn. Sky also said it plans to spend more money on original programming, an area where its competing with netflix. Qualcomm has reached an agreement with a number of chinese smartphone manufacturers to launch its super speed 56 devices in the country next year. The consortium includes xiaomi, 0ppo, and vivo, who have agreed to purchase 2bn of qualcomm components over a three year period. That there has been another development on the tariffs imposed by the united states. Lg electronics is saying it will have to increase the price of its goods, things like washing machines, as a consequence of the us tariffs. Lets go to sarah toms in our Asia Business hub for more details. What did Lg Electronics have to say . As you said, they are raising prices. This hasnt come as a surprise. The south Korean Company did not say by how much, but experts think some models could go up by roughly around 50. The hike, as you said, is thanks to President Trumps tariffs. That will apply to large residential washing machines. Lg and the south Korean Ministry said it was disappointed with the policy, but Lg Electronics has said it is not expected to have great impact to total Home Appliance business revenue. And anyway, it could find a way to sidestep these tariffs. It expects its factory in tennessee to begin operations later this year, and the operations made there would be subject to the tax. Lg electronics has released its results for the last quarter. The numbers were helped by strong sales in tvs and appliances and including those washing machines. The weaker dollar is the big story on the financial markets. Two of Donald Trumps cabinet members talked down the tariffs. The dowjones closed up very slightly, as you can see, after a day of quite choppy trading. Australias index is up. The hang sengin australias index is up. The hang seng in hong kong, stocks have fallen back a little, lots of profit taking going on in line with a sell off in most asian markets as investors took profits. That was after a week long rally. The ftse is down slightly. The geo is down by i after a 6 rise in half year profits. Lets look at what is happening on wall street with the mir hussein. Chip maker intel will be reporting earnings on thursday. Now, while investors will be interested in hearing how the company has performed financially in the last three months, there will be a lot of questions about the Financial Impact of the spectre and meltdown flaws that affected its chips, potentially letting hackers steal information believed to be very secure. Also reporting, starbucks, the worlds biggest coffee chain. The us tax cuts should help profits but the company is grappling with a bunch of issues, including cooling sales, rising labour costs and increased competition from both high end and low end rivals. And finally, we will hear from several us air carriers, including american airlines, Southwest Airlines and jetblue. Sally will be joining us in a moment, but first heres sue noffke, uk Equities Fund manager, schroders. Thank you for coming in. Lets talk about the dollar. We have seen wea kness about the dollar. We have seen weakness for a while, but overnight, it certainly took a bit of a tumble. To what extent is this due to the rise of sterling . It is doing pretty well. Sterling is the strongest g ten currency in the last six months, so ten currency in the last six months, so the story is partly a strengthening of sterling. I would say the detriment is the weakness of the us dollar. The reasons are at the us dollar. The reasons are at the moment is the America First policy that the Trump Administration is pursuing, and a weaker dollar really helps motor their economy. It makes them more competitive overseas, and that is part and parcel of what the objective is. Sally, have you been following America First . Absolutely. It is all the conversation here today. Sue, i wanted to get your perspective on the noise coming out of davos this year will stop what are people saying in london, your clients, colleagues, about this debate about protectionism . It would seem it is hijacking this forum this year. Protectionism . It would seem it is hijacking this forum this yearlj think thats another strand to the dollar weakness, the fear of protectionism. Does it widen out . Is it just protectionism. Does it widen out . Is itjust one or two items . Is it a tit for tat that excavates around the globe . And so, that is also weighing on the dollar at the moment. Sue noffke, thank you, we will come back later to talk through some of the stories in the papers, thank you for now, but still to come. We will have more from the World Economic forum in davos. We are going to talk about philanthropy, a disrupting Investment Fund created by women for women. Your with business live on bbc news. Lets get more on sky now it reported a 5 rise in first half year profit this morning. The results come two days after britains competition regulator provisionally ruled that the £11 billion takeover by murdochs 2ist century fox was not in the Public Interest. Joining us now isjulian aquilina, a Research Analyst at enders analysis. Some positive news for sky in terms of these results, it seems is the focus on entertainment as don mcgahn sports that has reaped rewards. Yes, sky has a good set of operating results but as you say sport is still at the heart of the sky Business Model across europe, and premier League Auction due in the next few weeks, is the main topic of interest in our mind. Ok, and what impact do you think there will be from this decision by the regulator to block the deal of Rupert Murdoch taking over the rest of the broadcaster, because there are implications for the news division, arent there . And in the light of these results does its future look more uncertain . No, not at all, in fa ct more uncertain . No, not at all, in fact the decision that the cma came to was completely expected and they have actually made a number of suggestions as to how they can work out a deal to bypass those concerns. What they did announce on tuesday, which investors were very pleased about sending sky shares up 3 that day was the fact that the deal would not be against the Public Interest in terms of broadcasting standards, which is a huge win for fox. Julian aquilina, thank you for talking to us, from enders analysis. Here are some other news stories were covering at the bbc. Canadas cannabis cultivators are in a marijuana megamerger, two growers have agreed to merge and create a 6 billion company. Aurora cannabis, after a farfrom billion company. Aurora cannabis, after a far from mellow takeover battle between the firms, canada plans to legalise Recreational Marijuana before july. Plans to legalise Recreational Marijuana beforejuly. There is also the story, a huge rise in sales from the story, a huge rise in sales from the Online Fashion retailer asos, doing well, even though retailers of bricks and Mortar Stores are struggling at the moment. Youre watching business live. Youre watching business live, our top story. Us President Donald Trump says the American Economy is booming as he heads to davos and suspected to talk tough on trade as his team talks of more import tariffs to come. More on that in a moment. Yes, here in davos that seems to be dominating the discussions right now. But something that people a lwa ys now. But something that people always say about this World Economic forum in switzerland is, what difference does it really make . What changes in the world as a consequence of this powwow between multi billionaires, Company Bosses, and heads of state . Well, our next guest will tell you because these two ladies met at the World Economic forum quite a few years ago. They connected for the first time. They talked about their vision to try and help women who were in difficult positions around the world, and how they could bring in the finance to make that happen. Consequently, they have now managed to fund some really exciting projects around the world to empower women, to protect women, to empower women, to protect women, to enable women, and it really has had quite an impact on women in some developing countries. I joined had quite an impact on women in some developing countries. Ijoined both of these ladies, quite unusual actually, because one of them is kate roberts, the co founder of what is called maverick collective but the other one is royalty, hris Crown Princess of norway. This is what they had to tell me in davos. Kate and i met and we both have a background in global health, and we saw when women and children are not focused on in the health scene, communities really fall back. I think both of us had that experience and thats why we wanted to start a programme that specifically targeted young women and girls. Please explain how this organisation differs to others, ie, it is set up by women for women. Well, its very strategic, so we are not investing in everything, we are very focused on these big bets, so, you know, the whole world needs better sanitation so we are building toilets around the world, taking a private sector approach, and as the Crown Princess mary saying we work with our Members Around their time, talent and treasure and their brainpower isjust as important as their financial resources. Thats been missing, i think, in the women philanthropy space where we are just not searching for money. We really want to innovate with your entire network. I think one of the first conversations we had with one of our funders, she said, oh no, i asked to give money to all these projects but they never want anything but my cheque book. She really wanted to get involved. Now, her project in india on Cervical Cancer is one of the most innovative projects we have seen for a long time in this space. Its now serving 24 million women in Uttar Pradesh in india and has now been adopted by the indian government. So, its incredible to see what these projects can develop into if you just have this incredible women that are willing to make an effort. How does your role, as a Crown Princess affect this organisation . Does it help or does it hinder . Well, i think as with all things in life its both a help and a hindrance with the things we can get involved in. But i think ive been incredibly lucky to be so much a part of this project. Kate and i founded it together. I get inspired every day by the stories of these women around the world trying to make better communities and trying to really innovate the way we do both philanthropy but also the way the Health Community works. I think to take that private sector approach to many of these issues is incredibly, its just very inspiring. In terms of other people involved, youve got Melinda Gates on board, shes very well known with her husband as being involved in philanthropy. In what way does she help . She actually gave us the seed capital to start maverick collective and joined as our co chair. She was our inspiration really on setting this up because she puts her whole self into her philanthropy. She doesntjust give money, she advocates. She was part of the Family Planning 2020 to reach the goals. She has leveraged herself billions of dollars. So she was our archetype. Of course, not everyone can be Melinda Gates. But we want people to follow her example. Crown princess of norway and kate roberts in that report. Sue is back to talk about some of the stories the media has been interested in. It has been the president s club scandal that made all of the papers, covered on the bbc as well, the club is to close following these allegations of harassment at a top london hotel, and there are now calls for extra protection for women in the workplace. What do you make of that . I think its interesting because there is legislation in place but there is legislation in place but the calls are to give it more teeth. The issues are that it has taken through employment tribunals, which are quite through employment tribunals, which a re quite costly through employment tribunals, which are quite costly for the individuals to bring a case and that might be prohibitive and hindering people from progressing their harassment, oi from progressing their harassment, or Sexual Misconduct claims through there. We have had a number of tweets on this, we asked for peoples views. Andy north says employers should have a response ability to protect their employees from harassment, this case they created their harassment, he claims. 0ther created their harassment, he claims. Other people have different views, they say it is no different to help women would react if it were the other way around, perhaps. Vic says that report has stopped all the other women who were happy to work earning their money, but they are grateful to her. It has provoked lots of different views, hasnt it . Borough calls for these nondisclosure arrangements put in contracts now there are calls. For them to be lifted. What happened here is there was a third party that implied the hostesses to work, and the individuals were required to signa the individuals were required to sign a confidentiality nondisclosure agreement. The question is, are those legally binding when whats been going on is in fact illegal . Big question. 0k. Lets go back to sally in davos to find out what else is happening. We have had an update from the us delegation, havent we . Yes, we have lots of comments coming from yes, we have lots of comments coming fro m steve n yes, we have lots of comments coming from steven mnuchin, the new us treasury secretary who was grilled about the uk in particular and he said he wants to see a Successful Transition on brexit that is good for the uk transition on brexit that is good forthe uk and transition on brexit that is good for the uk and good for the markets. Uk Prime Minister theresa may will be having bilateral talks with donald trump today so that is key. Sally, thank you, thats all from business live. Dubai. Goodbye. Todays weather is that bit quieter thanit todays weather is that bit quieter than it was yesterday. Yesterday we had that heavy rain, strong winds, courtesy of storm georgina moving into scandinavia now. This is the weekends weather in the west but in between we have this area of cloud which is shower cloud, so many Western Areas this morning will have quite a few showers and cloud into the afternoon. Further east, however, it looks largely dry and bright, maybe showers this afternoon. During the afternoon the showers will continue moving in across south Western Areas of england, temperatures up to eight or nine celsius, quite a few showers across england, west wales, north west england, weather could be the odd rumble of thunder and a bit of hail. Northern ireland, the odd shower likely buts and drier spells, dry and brighter spells across the north scotland. A bit of snow across the Higher Ground here. Into northern england, showers to the west of england, more than to the east, but still one or two showers could crossover into the north east of england and we may even see the odd shower across the south east. As you can see from most it is looking largely dry and bright. Through this evening and to not showers in the west will gradually move their way further eastward, tending to die at. Towards northern and Western Areas temperatures drop below freezing with some clearer skies but for many temperatures staying just above freezing into friday morning. As we go into friday we have a ridge of High Pressure before the weekend weather comes in. On friday it looks largely fine and dry, a bit of cloud across eastern areas, the odd spot of rain first thing in the morning but lots of dry weather throughout friday with some sunshine, a bit more in the way of the ulaanbataar moving into Northern Ireland later on, and top temperatures of 4 9dc. Going into the weekend that is when we will see the wet weather moving from the west to the east. You may notice the temperatures rising into double figures on saturday. Because the mild air is streaming in from the mild air is streaming in from the south west. There is still some cold air hanging on in the far north of scotla nd cold air hanging on in the far north of scotland but for most in the uk these oranges and milder conditions. Some cloud, rain in north Western Areas, the temperatures ii i3dc. More on the website. Thats it from me. Hello. Its thursday, its 9 oclock, im victoria derbyshire, welcome to the programme. The Education MinisterNadhim Zahawi is reprimanded by downing street for going to the scandal hit president s club Charity Dinner as questions continue to be raised about the event. Theres a much bigger thing here, which is that we should get away from the sorts of events where men and women are treated very differently. That is the culture secretary, who is in theresa switzerland along with theresa may. She will meet donald trump after a bumpy few months for the special relationship. We will be live in davos as President Trump arrives. And its an exciting day for british tennis