And is the us treasury about to intervene to weaken the dollar . Also in the programme the trade disupte betweenjapan and south korea that could have wide ranging implications for the Global Technology industry. Markets in europe have started the day, most headed upwards, but only just, we will talk you through the reason why. And well be getting the inside track on how to find the time to start a business while still doing the dayjob. Well be talking to one of the founders of a watch making firm who has done just that. Its the lithjuly and the bbqs will be sizzling across america. The latest figures show sales of plant based Meat Alternatives in the us are up, this so we want to know what do you put on your bbq . Is the future meat free . Let us know, just use the hashtag bbcbizlive. Hello and welcome to business live. Many comments already on what goes on your barbecues, keep them clean, many of them we cannot even read out loud because of the language send us someone loud because of the language send us someone is that we can share on the television. Send us some ones that we can share on the telly. We start in the us where President Trump has raised the prospect of a globalcurrency war just days after he agreed a truce in the trade battle with china. Hes taken to twitter to call for the us to force down the value of the dollar to better compete with china and europe, a move that could have huge implications for economies around the world. In the tweet he accuses china and europe of playing a big currency manipulation game and pumping money into their system in order to compete with usa. And he says the us should match, or continue being the dummies who sit back and politely watch as other countries continue to play their games as they have for many years the comments came as official figures revealed the us trade deficit the shortfall between what america imports and what it exports has soared. Cutting or eliminating that deficit is of course a key aim for President Trump in his trade policies. But in may it hit a five month high of 55. 5 billion dollars. And that was up more than 8. 0 on the same time last year driven by the biggestjump in imports since 2015. Joining us is harry colvin, director Senior Market strategist, longview economics. President trump has accused china and europe of playing a big currency manipulation game, does he have a point . If you look at the Central Bank Balance sheet in china, it has not been growing, china not printing money, europe and not printing money, europe and not printing money, they have not really been engaging in policies to devalue their currencies in a competitive way. That is not really the reason. The reason is we have a global slowdown, there is flight to safety, flight slowdown, there is flight to safety, flight to the dollar, in that environment. That is why we have seen the weakening of currencies. How do you think america will do it if they end up following through on what he has threatened. If they end up following through on what he has threatenedlj if they end up following through on what he has threatened. I dont think they can, the way they would do it is why loosening of Monetary Policy significantly, we will get some of that later this month and may be later in the year. That is not his decision, that isjerome powell and the fed, they are independent of donald trump, as we have been learning about increasingly in the last few quarters. Official figures show the us trade deficit has soared, how much of an issue is that the United States . Much of an issue is that the United States . It is an issue for donald trump, but not an issue for the economy, they can run a trade deficit for a very long time, they have the World Reserve currency, they can print as much money as they like and borrow as much money as they like and get away with that for a long time. It is not an issue for the economy but it is an issue for trump in wanting to achieve his goals. How will he eliminate or cut the deficit . There is a big economic accounting problem, the current accounting problem, the current account deficit, your surplus, is really just a function account deficit, your surplus, is reallyjust a function of account deficit, your surplus, is really just a function of a account deficit, your surplus, is reallyjust a function of a savings mismatch internally. If you are investing more than you are saving and running a fiscal deficit, which they are, then by definition, you have to run a current account deficit and a big part of that is the trade deficit. There is a big problem with the way that the us economy is structured which means that he will not be able to achieve that he will not be able to achieve that goal. Lovely to talk to you, thank you very much indeed. Lets take a look at some of the other stories making the news. Australias competition regulator is suing the local unit of samsung, alleging it misled consumers by advertising its water resistant galaxy smartphones as suitable to use in swimming pools or the sea. Samsung says it stands by its advertising and will defend the case. Britains National Trust says it will sell off the shares it holds in fossil fuel companies, most within a year. At present, 4 of its £ibn stock market investment is in such firms. The biggest Conservation Charity in europe plans to invest in green start ups and portfolios that benefit nature and the environment. Netflix has announced its taking a long term lease on shepperton film studios near london. Its plan is to create a dedicated uk production hub, including i sound stages, workshops and office space at the site owned by the pinewood group. Lets stay in the us because boeing says it is giving 100 million to help families affected by the two crashes of the companys 737 max planes in indonesia and ethiopia. The payout is not related to lawsuits filed in the wake of the disasters, which together killed 346 people. But lawyers for the victims families have dismissed the move as nada tawfik reports from new york. Many believe the response to the crash has been tone deaf, so they see this as boeing try to repair that damage, in the statement, the boeing ceo has said he hopes this money will give some comfort to the families who lost their loved ones in the crashes, the 100 million, the plan is, will be invested over a number of years, boeing will partner with local government and also nonprofit organisations, to invest in things like Economic Development for communities and also to pay Living Expenses and educational expenses for the families. Already, one law firm in chicago which represents 23 family members who have sued boeing, came out with a statement, kind of pouring cold water on this pledge, saying it was disingenuous when there is still so many facts that are unknown about what happened. They said boeing should take the money and help families recover the remains of their loved ones and ensure that the 737 max is safe to fly. A historical row that has flared up in recent days betweenjapan and south korea that could have wide ranging implications for the technology industry. The bbcs Hyung Eun Kim is in seoul. Explain what this dispute is about and the impact it could have on Big Companies like samsung. Semiconductors and display ad ins that South Koreans make, they need important chemicals, and materials, from japan and important chemicals, and materials, fromjapan and japan important chemicals, and materials, from japan and japan will put restrictions on exporting these items to south korea, so it is only day 1 that items to south korea, so it is only day that these restrictions are in effect. We are not feeling the effect. We are not feeling the effect right now but there is indeed a sense of danger or crisis here, some say this could be the start of a bigger war. And this could start to lead to, this could lead to further diplomatic and political war between the two countries. Some people are saying they will ban or boycott japanese goods. So there is indeed a sense of crisis. We shall keep a close eye, thank you very much. Markets around the world, us markets are shut today for the 11th ofjuly Independence Day holiday but from wall street, they had a record close at the end of their trading session, on wednesday, and that has set the tone for asia today. A bit ofa set the tone for asia today. A bit of a mixed day, and a lacklustre day, trying to look for some kind of direction without much corporate earnings going on, that kind of thing. Or central bank action. The next board, we have a few movers. Shares down over 7 . Burberry shares are up1. 5 . We shares down over 7 . Burberry shares are up 1. 5 . We will talk some more about european markets, first, a look ahead to the day on wall street. Volumes on friday may be light as many people will be away but that does not mean there will not be news to be digest. It comes in the form of the jobs report. The Us Labour Department is expected to show the economy added 160,000 jobs in the month ofjune compared to 75,000 jobs in the month of may and the Unemployment Rate is expected to stay at 3. 6 . These numbers will be closely watched by investors and by the us federal reserve, Americas Central Bank as it considers cutting interest rates. Joining us is jane sydenham, investment director, rathbones investment management. Yesterday, record close, all time highs. Closed forjuly four. Growth is slowing, according to economic statistics, nevertheless, because we are talking about cutting rates, and are talking about cutting rates, and a little bit of pressure seems to have come up on the trade war front, markets are breathing a sigh of relief and carrying on up, particularly the technology, growth stocks, growing well on their own. Talked about currency, what donald trump had to say about various parts of the world and what they do with their currency. You have been watching sterling, which has been weakening. Again, worries about growth in the uk because of the effects, the delaying effects of brexit, lack of Decision Making and direction, but from an investors point of view, given that the ftse 100, the point of view, given that the ftse 00, the top point of view, given that the ftse 100, the top 100 point of view, given that the ftse 00, the top 00 companies, most of those profits revenues come from overseas, 75 , weakening sterling is not bad for the share prices, it means they are worth more to a uk investor. That part of the market is doing really well, tough for domestic companies, anything that operates within the uk they have been struggling a little bit more but so far, markets have been doing well. How worried are you about a potential currency war, given the words of President Trump . As harry colvin has said, it is not within his gift to do that and we must remember, partly, the us dollar is so remember, partly, the us dollar is so strong because the us is growing more strongly than other world markets, the strength of the currency is a function of that and not something he can control. You cannot have it all laughter even President Trump. Im sure he can, if he wants still to come how to find the time to start a business while still doing the dayjob. Well be talking to one of the founders of a watch making firm who has done just that the newest airport in the world opens in the uk today. Carlisle lake ca rlisle Lake District carlisle Lake District was officially opened this morning and at 8am, officially opened this morning and at sam, the first passenger flight for more than 25 years took off, headed for dublin, initially, there will be 28 flights a week, dublin, belfast city and london southend. Jonathan is from loganair, they will be operating these services. What have sales been like . Really strong, very encouraged by this, first flight very encouraged by this, first flight is going out nearly full, on all three flights to dublin, belfast and london southend, and the bookings have been superb for the region, really pleased. No no commercial passenger flights since 1993 because they were not viable, what has changed . since 1993 because they were not viable, what has changed . A lot has changed in the way that people fly but also the way that Regional Airports work, customers who have been using them are finding the convenience, getting through them quickly, check in, get through without the hassle associated with big airports, is something really valuable to them. More and more people are using Regional Airports, great to see, particularly at Carlisle Lake great to see, particularly at ca rlisle Lake District great to see, particularly at carlisle Lake District airport. You are from the star dart group, you operate the apple, is there a need for this, train links are really good, there is intense competition from airports in manchester and newcastle, will people use flights . The regional economy is really important here, but if you live in essex, for example, or east london, it is difficult to come up to the la ke it is difficult to come up to the Lake District, takes a long time by train, you have to get around london. Stobart group. We are opening up the visitor economy to new people who have not been here before, that is great for the visitor economy and the economy. The visitor economy is really important here. There are of course environmental concerns, questions over whether there should be more domestic flights at a time when the uk is trying to reduce the impact of climate change. Including news that shares in burberry are on the rise, and the london market, up 1. 5 . Plenty more on the website. Youre watching business live. Our top story, President Trump has accused china and europe of playing a big currency manipulation game and has called for the us to do the same. Having more than one job or business interest is becoming increasingly popular infact1 in 4 workers are now running at least another company outside of their dayjob, known as a side hustle. Kirsty whyte is doing just that, she and her husband both have day jobs but together decided to launch their own watch company. Kirsty was unable to find one that she liked that would fit a slim wrist and so decided to design her own. In 2015 their Company Freedom to exist was launched and the buzz and demand surrounding affordable designer watches has meant the company now sells in over 10 Countries Worldwide in a market expected to reach 50 billion dollars by 2022. With us now is kirsty whyte, creative director co founder, freedom to exist. You are working a full time job when you thought up this idea, talk us through what you were doing. Both working full time, paul was working at Marks Spencer, we are both furniture geeks by heart, i was working as a product and design manager. We wanted to have the opportunity to have the autonomy of running our own business, as well as the additional income, and it started with that neat, exactly as you said. I could not find a watch to fit my inordinately small risk, we thought we would do it together, it was a great starting point to start the range, it has grown more than we originally anticipated. You lived and worked in china, in your previous day jobs, you lived and worked in china, in your previous dayjobs, you had a sense ofa previous dayjobs, you had a sense of a place to manufacture to make contacts. A lot of experience designing, all the way through development, to actually approaching those manufacturers, even though we have done it with furniture in the past, we applied that knowledge to watch design, and actually, it worked quite well. How do you do bothjobs . Ifind worked quite well. How do you do both jobs . I find it worked quite well. How do you do bothjobs . Ifind it difficult worked quite well. How do you do both jobs . I find it difficult to do my dayjob, let alone start my own business, were you working 24 7 . As your workload increases, i have to accommodate the time to deal with what the requirements are, so we dispatch all orders from home as well. Whenever we have an order, it is great, we do a little high five, but in the evening, we have to get it dispatched, wrap, we hand write all the orders still to everybody, thatis all the orders still to everybody, that is a lot of time but also, we try to dedicate time at a weekend, we have been known to take annual leave and spend a week working on it when we have to do a new campaign as well. Sounds like a lot of hard work, the worry for the employer, if someone work, the worry for the employer, if someone has a side hustle which is really demanding and their passion, they will not put their heart and soul into the dayjob . They will not put their heart and soul into the day job . Interesting you say that because we have found the opposite, our employers have been super interested in the fact we have the side hustle. Will Marks Spencer sell the watchers . We have a lot of people representing wearing them, friends and colleagues who end up them, friends and colleagues who end up loving them because they have the same ethos of brand free behind them, what we have found is that we have learned loads of skills running our own business, i do all the Creative Direction for the photography, to creating the website, all the logistics, building a website, that has become useful in our day jobs. What sets the brand apart . Talking about brand free, what is it about freedom to exist that makes it different to all the other makers. When we first started, it was not saturated, i could not find the watches. But what set us apart is the fact that, we are a personal business, people really like the fact that it isjust personal business, people really like the fact that it is just the two of us running it. But also, the fa ct we two of us running it. But also, the fact we are totally brand free, anybody can order it and buy it, and it is still quite hard to find something at the level of our quality of watches at that price point. £99 per watch, and that is any watch. Which the consumer buys from you, and that pits you against everything, all types of watches, including smartwatches, whereas the real luxury watch arena, they are not against things like smartwatches. Where you are is a very competitive market. It is and the reason we have started doing most business through e comm rather than retailers is so we can keep the price point and still compete. We are giving customers who do not want the smartwatch, watch tells time, thatis the smartwatch, watch tells time, that is it, they are free from technology and free from buzzing at you every five seconds. If you need to know the time, you look at your watch rather than checking your phone, your instagram, your twitter at the same time. I love that. That sounds very appealing lovely to meet you. Good Old Fashioned watch. Best of luck with the business going forward, thank you. In a moment we will talk through some of the stories out there including the demand for meat on the barbecue going down in the us. Here is how to stay in touch. Stay up to date with the business live page, there is insight and analysis from the team of editors right around the globe. We want to hear from you too, get involved at the bbc live web page, and on twitter we are at bbc business. You can find us on facebook as well. What you need to know, when you need to know it. Lets tell you what you need to know about the 11th ofjuly. Independence day and the United States, and jane, just about eve ryo ne states, and jane, just about everyone in the us has the day off today. Many may be having a barbecue. That is the thinking. Interesting, this article, the falling demand for meat. Plant based burgers, sales are growing quite sharply, in the us. But actually, we are seeing demand rising everywhere, obviously, the barbecue will be looking slightly different this year. Beyond meat, market flotation this year, the share price has gone up 600 , since its initial public offering, that goes to show there is a real appetite, not just goes to show there is a real appetite, notjust on the barbecue but in the stock market as well. And pret a manger have bought eight, the idea is that will be there vegetarian change. Tastes are really changing. Two eat. We asked people at home to say what they are putting on the barbecue, kerry has said, new york strip steak cooked on the grill, and some vegetables. That sounds great. I like a her lonely burger. I like that, but with my stea k, burger. I like that, but with my steak, dare i say. Laughter anything plant based as long as it tastes good, so why not. Geo says, beyond meat burgers, case in point. Lorenzo says, all types of chicken, occasional cuts of pork and salmon, nothing liked wood smoked meat. I tried an alternative hotdog recently that was smoked, sunflower seeds, it tasted amazing. Changing the subject. Im getting hungry. The telegraph business section has an article about what George Osborne, former chancellor, might be thinking his nextjob is going to be. Possibly taking over from Christine Lagarde as head of the imf, although he has stiff competition. That might be what he wants to do, whether he will get thejob or be what he wants to do, whether he will get the job or not. be what he wants to do, whether he will get the job or not. he is suitable inasmuch as he has the experience of being the finance minister of experience of being the finance ministerofa experience of being the finance minister of a country, and so on, but competition is stiff, so we cannot be certain. The interesting thing, it pits him directly against mark carney, governor of the bank of england, whose term comes to an end very shortly, who George Osborne appointed. But has mark carney said about anything about working at the imf . Is this speculation . Could be speculation, maybe he is keeping his cards close to his chest, it will be a long shortlist, it is a pretty prestigiousjob. A long shortlist, it is a pretty prestigious job. If i was mark carney, i would want a sabbatical stressful time. And what would the Evening Standard do without George Osborne . I am sure that they will manage. going through before we leave, a couple more tweets, including, this one, multiculturalism is not about gaining knowledge of best practices, it is something to feel proud of in the us, so why not have future yogis. That is, he is talking about the 4th yogis. That is, he is talking about the 11th ofjuly. Yogis. That is, he is talking about the 4th ofjuly. A nice hanger stea k, the 4th ofjuly. A nice hanger steak, they say. No comment. Loads of different things. I was married toa of different things. I was married to a South African, bless him, he used to put loads of gorgeous meat and all sorts on the barbecue. Used to put loads of gorgeous meat and all sorts on the barbecuelj used to put loads of gorgeous meat and all sorts on the barbecue. I am married to a vegan, we have all sorts of things. Vegetable kebabss and things. We need to invite each other to each others houses. Yes, South African cuisine. That is all for another day, we will see very soon, enjoy what you are up to. Good morning, something of a north south split across the uk, fine and sunny. Warmer day, further north, cloud and outbreaks of rain, satellite imagery, you can see where the cloud is coming from, pushing in from the atlantic, mainly affecting scotland, and the far north, further south, for much of england and wales, clear skies, glorious skies, sunshine, sunshine always hazy for northern parts of england, cloud vicar, rain, particularly in the north west of scotland, and maximum temperature here, 16 to 18 degrees. For england and wales, 24, two 26 celsius. Through tonight, we will continue with rain across western scotland, otherwise there will be clear spells, temperatures, falling no lower than 12 to 15 degrees. Into friday morning. That should start off again with lots of sunshine across southern areas, ridge of High Pressure keep charge of the weather across the south, in the north, this weather system is going to bring us quite a bit of cloud and outbreaks of rain affecting the far north of scotland throughout friday. Cloud, then, for northern ireland, cloud moving through northern parts of england, more cloud generally for england, more cloud generally for england and wales but a warmer day, temperatures up to 27 degrees in the south east, further north, thicker cloud, the rain, temperatures about 17 to 19 celsius. And then this weather system is going to move south, as we head into saturday, behind it, aircoming south, as we head into saturday, behind it, air coming in from the north, cooler direction, and temperatures will drop away. A bit of cloud moving south, a few spots of cloud moving south, a few spots of rain associated with that but for most of us, a dry day, with the northerly wind coming in, temperatures really will be very different across the south, 23 degrees in the london area. Sunny spells, fairly pleasant, highs of 13 to 17 degrees further north. By sunday, the odd shower across southern parts, largely dry day on sunday, and there will be some sunny spells, particularly across wales, south west england, scotland and northern ireland, maximum temperatures, 15 to 21 degrees. Warming up overthe temperatures, 15 to 21 degrees. Warming up over the next couple of days, cooler by the weekend. Youre watching bbc news at nine with me, Julian Worricker the headlines. Jeremy hunt and borisjohnson are challenged to prioritise Prime Minister as peers call for a free, nhs based, system. Patients lives are being put at risk because of delays in giving them treatment for sepsis, research by bbc news has found. Royal marines in gibraltar board an oil tanker suspected of transporting iranian crude to syria in breach of sanctions. In a rare interview the scientist, james lovelock, warns on the rise of robots saying humanity could soon be superseded by a new, hyper intelligent life form artificial intelligence, i reckon will