Highs. Yesterday the ftse100 hit record highs. This is how shares are trading across europe right now. Well talk you through the winners and the losers. How to avoid dodgy digs and Rogue Landlords. We will get the inside track on a site that lists 8,000 beds in 400 cities and theyre all for students. Has the laptop ban on planes affected you 7 for students. Has the laptop ban on planes affected you . Has it changed where and how you fly . We will talk about it on the programme today. So let us know your thoughts. Just use the hashtag, bbc Business Live the hello and welcome to Business Live. Today eu and us officials are meeting to discuss a potential extension of the laptop ban on aircraft. In march, the Trump Administration imposed new restrictions which prevent us bound travellers from carrying Electronic Devices larger than a mobile phone into the cabin. The original set of restrictions affected flights from eight mostly countries including turkey, egypt, the United Arab Emirates and saudi arabia. This affected many of the gulf carriers including emirates, etihad and qatar airways, but now there are reports suggesting the ban could be extended to include some countries within the eu. Any immediate changes would coincide with the Peak Travel Season in europe. This summer, more than 3,000 flights a week will go from eu to us airports. With me is tom jenkins, Chief Executive of the European Tour 0perators association. Welcome to the programme. Good morning. Sally running through some of the details there, but lets go back to the beginning because we know this ban was put in place. Lots of criticism about why it was necessary , of criticism about why it was necessary, what the rationalfor of criticism about why it was necessary, what the rational for it. Talk us through it. Why are they not allowed on planes . Well, i think, it is because there is intelligence which the president in the United States was sharing with the russians just the other day that there are some people who are being able to adapt laptop devices to explode on planes. But why, and again this was a criticism, why are they safer in the hold than the cabin . They are not. You have got, if you hold such intelligence, and you wish to share that intelligence, you have to be seen to be doing something. So this is Grand Standing on the part of some governments, some agencies to say look, were doing something, were not quite sure what it is, because we dont know if it makes it safer. They have that information and as ever with such people youve either got to do something or youre accused of ignoring what might be a problem. The big difficulty with this situation that weve got is that laptops are going to be dangerous, even if theyre in a hold because there is dangers associated with Lithium Batteries which have a reputation for exploding, not very frequently, but there is a Background Danger of that happening. It is interesting because we have been told those are the things you cant pack in the hold. Up until the ban it was make sure you put these in the hold . It is an inversion of previous advice. We were told it wasnt safe to put them in the hold, were told this is what you should be doing. Who stands to lose out, apart from passengers, because a lot of passengers will be inconvenienced . The principle commercial victims, if there is a backlash, will be the american carriers who carry the but k of peel across the labtic. The main atlantic. The main thing to emphasise, we shouldnt get too carried away about this. Business people like to use their laptops on board flights. Not many use their la pto ps board flights. Not many use their laptops on board flights. The main Venus Williams of this, i think, may well be children and people carrying children over the atlantic for hom Ta Blet Children over the atlantic for Hom Tablet Devices are really important, pacifying device. Yeah, thats a really important point. Its interesting too because we know there was critively this was something instigated by the Us Administration because they were unhappy with what they perceived to be unfairaid for unhappy with what they perceived to be unfair aid for middle eastern carriers, the likes of emirates and this would affect us carriers as well so that flies in the face of that argument . Well, it would. The main issue really that were facing. This is a huge switch of resources away from what they ought to be doing, if theyre worried, is concentrating on individuals of interest as Border Agencies refer to them, and analysing abnormal behaviour amongst passengers towards Blanket Activity which is Time Scunling and disrupting. The other issue which will start to come into focus now is the fact that it is strange that they do all the controls, after youve left the aircraft. In america, and in europe, youre only interviewed after youve left the aircraft and youve arrived on home soil. They would solve a lot of these problems if they started doing that before you get on the aircraft. That gets us into the argument about who is Grand Standing and who is making the statement about security. Tom, we could talk all day. Tom, really good it talk to you. Lets take a look at some of the other stories making the news. Lloyds is back in private hands after the uk government sold its final stake in the bank. At the height of the financial crisis, the government ploughed 25 billion into lloyds and owned a 43 share. The boss of lloyds told the bbc the bank is now one of the strongest in the world. The government still owns 73 of rbs which was also bailed out following the financial crisis. Twitter co founder biz stone says he will rejoin the social Media Company in the next few weeks after fellow co founder jack dorsey was brought back as Chief Executive in 2015. Mr dorsey has been trying to revive twitter which says it has more than 300 million monthly users, but still struggles to make a profit. A pair of Diamond Earrings has been sold for a record price at an auction in switzerland. The flawless pear shaped diamonds one pink, the other blue fetched a combined price of 57. 4 million. The pear shaped jewels, nicknamed apollo and artemis, are almost 16 carats each. Reports say the earrings were bought by an anonymous buyer. It was you that bid for them. It was you that bid for themlj it was you that bid for them. I put in my 57 bid and i didnt get far. You were outbid. Just a little bit. Justify a few million. Universal music has signed a deal with the Chinese Internet Company tencent, to try and expand their reach into china Stephen Mcdonnell is in beijing. Tell us more about this. It is an Interesting Development . Well, it is potentially an enormous deal for universal music. Imagine how big the pool of potential music users there are in china. So, its hooked up with tencent, but the really crucial thing as to whether or not this is going to be a good deal or not is whether or not tencent can continue to wea n whether or not tencent can continue to wean Chinese People off free music. There are basically three types of people who listen to music in china. Those listening to pirated muse uk, those who are paying and then crucially this big group in the middle who are using tencents music for example on their phone and perfectly legally listening to free music. Tencent has been trying to get people to pay by saying 0k, get people to pay by saying ok, you listen to that bands song, but here is another song by them, and if you wa nt is another song by them, and if you want that song, youve got to pay or do you want a better quality version of that song . This is like there are only 15 million, who are paying for this service and around 600 million Chinese People every month listening for free. So the crucial thing is, can they continue to get people to pay . And if so, well, eventually, it probably will be a good dealfor eventually, it probably will be a good deal for universal music. All right, we will keep an eye. Steve, thank you very much indeed. Lets look at markets in asia. I have to say, it was all down as you can see. A lot of that is to do with investors around the world getting very concerned about what is going on in the white house and in the Trump Administration in particular. Allegations that have come through day after day in recent days are really concerning investors around the world about how vulnerable the Us Government or the Trump Administration is. So, injapan, we saw losses because the yen got stronger. It is seen as a safe haven. The price of gold went up. Exporters in tokyo had a tough time today, that was the dow the night before. Light losses on wall street the night before. Nothing to be too concerned about. Lets look at europe now. Again a record close for the ftse on monday. Its down, just a little bit, but still, doing extremely well. Markets across europe just down extremely well. Markets across europejust down a extremely well. Markets across europe just down a tad. Lets now have a look at head to whats going on on wall street. Samira has the details. Target is reporting. It warned investors about lower profits this quarter and has said it will lower prices to try and compete with Companies Like wal mart and Amazonment Another American Retailer that will be reporting on wednesday is american eagle. Weak demand for its mens line and continued softness in traffic will likely impact sales and finally, sisco systems, the Worlds Largest networking gear maker. They will be reporting earnings. The company has been hurt by sluggish demand for its Equipment Business and sisco have been doubling down on areas such as security, the internet of things and cloud computing. Internet security, something thats taken on some heightened importance in recent days. Joining us is alix stewart, fixed income fund manager at schroders. Good morning. Good morning. Lets talk about lloyds. We mentioned it there in the round up of other news the. It is a significant day. It is back into private hands . Finally the post financial crisis seems to be behind lloyds anyway or the government ownership of it as finally the taxpayers get their money back. Returned to private hands and the taxpayer makes a profit on it. So in that sense it has been good, but it all came about because lloyds was in a decent financial position already been it got into the bail out . It was a Well Run Bank before the financial crisis and wasnt one of those that was in danger, but they bought hbos which had a load of issues and what they have been doing is putting all that right since then and this is the end of the process as far as thats concerned. So different to the fortu nes concerned. So different to the fortunes for rbs though because it was ina fortunes for rbs though because it was in a similar position. It got a bail out out at the height of the financial crisis, but it is 3 , i think, owned by taxpayers, such a contrast between rbs and lloyds . Such a contrast because rbs werent a Well Run Bank and we can see with the number of fines that they are getting hit with the and the issues that they have now that it has taken them longer to recover. The boss of lloyds bank, he has been grilled on the radio, bbc radio today, its on oui the radio, bbc radio today, its on our Business Live page. Its over there, the interview with him and what he has been saying about. Interesting comments about Executive Pay that he was making. So have a read at that. To look ahead, the ftse100 down slightly. Weve got Unemployment Figures out in the uk, shortly. Thoughts . They are expected to bea shortly. Thoughts . They are expected to be a low level. The thing about obviously employment in the uk as we have seen is a lot has been self employed and zero hours contracts. The big question Going Forward is whether, you know, this level of unemployment actually leads to wage rises that worry the bank of england. And those wage rises are the bit we are all feeling because inflation rising yesterday, weve got less money in our pocket. Its not keeping up with inflation, is it . Consumers are feeling squeezed and were beginning to see that in the retail data now. One for us to watch. Those figures out at 9. 30am. Alix, thank you. Still to come, Rogue Landlords and dodgy digs. Why one app wants to change the way students find somewhere to live anywhere in the world. Youre with Business Live from bbc news. The government has confirmed that its remaining shares in Lloyds Banking group have been sold eight years after pumping in £20 billion to save it. At the height of the financial crisis taxpayers owned 43 of lloyds. Our Business Editor simon jack is in the business newsroom. Simon, it does mark the end of the year as virus that bailout is concerned. Yes. Almost nine years ago the taxpayer put in £203 billion. That has now been repaid in full, with a small profit, nearly £900 million paid more than put in. It is not a fantastic return on an investment over nearly a decade but this wasnt an investment, this was a rescue of a bank, lloyds bank, which made a bad situation much worse by agreeing to take over hbos, which had made a lot of toxic commercial loans, relying on when the money, which all dried up in the credit carnage, and saw multi Million Pound multi billion pound losses. The Chief Executive celebrated returning all that money. It has been a very difficult road. £17 billion paid out in payment protection insurance, criminal fraud in some of the hbos branches, particularly in reading. It hasnt been an easy road. Now they are there, the question is what happens now . They expect the shareholders to do normal things like try to increase profits, grow revenue, and they have really reach wrenched into they have really reach wrenched into the uk. There are some headwinds facing them, very exposed the consumer and retail banking. As you mentioned, it will begin to eat into consumers ability to pay an for additional credit. Some problems they have to face, and the end of an era. I remember it at the time, £20. 73 era. I remember it at the time, £20. 3 billion, no one thought it would take this long to come back. The government will be pleased but it is some un and some you lose. Remember they are still very much in the red on their stake on rbs. It could be on the government books for many years to come unless they are prepared to sell at a loss, which the chancellor said recently he might be prepared to do. Some you win, some you lose. Thank you, lots more online to read when you have a moment. Youre watching Business Live. Our top story today, eu and us officials are meeting to discuss a potential extension of the laptop ban on aircrafts. The original set of restrictions affected flights from eight mostly mostly muslim countries, including turkey, egypt, the United Arab Emirates and saudi arabia but now there are reports suggesting that the ban could be extended to include some countries within the eu. 0ne analyst i spoke to said it will be the whole of europe. And as we we re be the whole of europe. And as we were talking with our guest earlier, the problem is of course we tend to think of itjust bought Business Travellers with laptops. A lot of you getting in touch saying it is families with tablets as well. Andrew says it is not a problem having a laptop on a plane, it is the safety in the hold and lack of insurance for any damage and theft in the hold. A similar theme from claude, as long as the airlines replace the ones they damage in transit. Some airlines, particularly emirates, are trialling a system whereby you can lock it up as you get on the plane, which then goes into the hold. Daniel says theyjust need better movies on flights. Maude says she cannot live without her candle. She got mentioned twice eddie says keep the drinks flowing, iam eddie says keep the drinks flowing, i am with him. Drinking on planes. Lets move on. You may well have been a student or you may be one right now, or you are the parent of a student, well listen up, because you may well know very well it is very difficult and often quite stressful to find somewhere to live at eight college or university and it can be a bit of a gamble at times. I know it all too well. The number of University Level students studying abroad has more than doubled since the turn of the century to reach 4. 1 million. The number one destination is the United States with more than a million. Thats followed by the uk with almost half a million and chinas nearly 400,000. Figures for the uk suggest the average International Student spends 18,000 a year, excluding tuition fees. A large part of that goes on accomodation. Student dot com is a website that helps those students find somewhere to live in more than 400 cities worldwide. Luke nolan is the co founder and Chief Executive of student. Com he is with us now. Nice to see you. Morning, luke. We can see the need. I could have used this as a student, trying to find somewhere to live. I was back at my University City this week, looking at where i used to live, and some places were pretty dreadful, but this is a way of matching beds and runs the students. How did the idea come about . Good question. I had been living in china already for about six or seven yea rs, already for about six or seven years, and spent a lot of time Doing Business with chinese live the country. The question that kept cropping up was my son or daughter is studying abroad, where should they live . Very often, with the explosion of International Student number is around the world, universities havent been able to build more housing. So people are looking for a self a safe and Co Mforta Ble looking for a self a safe and comfortable place to live with great people. It always used to be guarantee that if you went to university in many countries you would be guaranteed at least for the first year to be living in University Accommodation but so much has been farmed out to the private sector that is not always the case. Correct. It is not always possible for them. You started this in 2011 and it was very focused on students coming from china to other countries. But now, as we have mentioned, you are in 400 cities around the world. How do you manage that . It sounds like a colossal task, especially to guarantee that those landlords that are providing the accommodation are ok . Very interesting point, in fact it is very important for us to align ourselves with high quality landlords, who care just like we do about the safekeeping and well being of students, and the whole student experience. So we spent a lot of time, it is time consuming but it is something we care deeply about. Where do you make money . The service is free for students, we make money from our landlord partners. 0ur Landlords are looking for access to the market to students on a global level, so we take a margin from the rent that the student pays. And in terms of the logistics of it all, you say you take great care in making sure the landlords are all right and anything else, talk health that works . You have about hundred staff . We have about 180 people in 19 locations, split between our source countries and our destinations. So it is indeed relatively time consuming but it is an important part of our business model. You have had a lot of investment, over 70 million has been ploughed into your company. Has anyone looked at you thinking, we wa nt to anyone looked at you thinking, we want to buy you . Great question. We get approached a lot, in terms of discussions about all kinds of investment. Me, personally, as the founder of course im having the best Time Of My Life building this business. I run the company as if im going to run it for ever, but of course strategic discussions are a lwa ys course strategic discussions are always interesting to have. Best of luck, luke nolan, chief exec of student. Com. Plenty more to come come stay with us. This is how to stay in touch. The Business Live pages where you can stay ahead with all the days breaking news. We wa nt we want to hear from you too. Alec stewart is back with us. Nice to see you. We will stay with the Student Theme we were just discussing. A great story in the washington post, five tips for Millennials Want to buy a house. This all came about because an australian millionaire said to many young people want everything, they wa nt young people want everything, they want a holiday, nice cars, to be able to buy everything every day and then they whinge about not being up to afford a house. He has a point, doesnt he . I am not sure that cutting back on your coffee will make Upfor Cutting back on your coffee will make up for the fact that rents have gone up such a large amount and that you dont get any interest on your savings these days. So it is harder for young people now. Much harder. They say they have student debts, high housing costs, nowhere to put oui high housing costs, nowhere to put our money that makes a return, they say are only escape is burning money on kofi. And avocado on toast apparently. The socalled snowflake generation, will you explain . I have educated both of you this morning. The assumption that young people, at the first sign of trouble melts, or they find any hurdle in their way. Is this the Generation Following millennials . I think it is all part of it. Just for the record i dont agree with because i think young people have it tough in many places. But it is interesting, because there is so much coverage of what young people are facing, in terms of challenges. The bank of mum and dad is one of the top lenders out there. And having to stay at home a lot longer and having to share a house with people you probably wouldnt wa nt with people you probably wouldnt want to. It is tough on these days. 0n want to. It is tough on these days. On that depressing note, thank you for talking through all of that. That is it from us on the show, we will be back tomorrow. See you soon, goodbye. The warmest day of the year so far yesterday, 26 degrees across the south east. Things looking cooler across the western side of the uk for today, a lot of rain across the south east, some bright colours there. Slightly drier interludes now but there is more rain to push up from the south as we head through the course of the day. That will be affecting a good swathe of england and is to wales, though the south east may dry up a little bit this afternoon with some sunshine. That will boost temperatures. The scotla nd that will boost temperatures. The scotland and northern ireland, a chilly start, some southern and showers. Some sunshine and showers. Some sunshine and showers. Some bright weather in towards the far north west of england, northern and western wales but a cooler feeling day, temperatures in the low teens elsie, cooler where we have the rain through the midlands and towards the south, though warm and muddy in the south east. We could again see 24, 205 south east. We could again see 24, 20 5 degrees somewhere in the south east. And then that pulse of rain continued to move eastwards, some heavy thundery bursts in towards east anglia, we could see some localised flooding from this. Eventually it should clear off towards the north sea. A fresh at night to come here and certainly another cruel chilly night under clear skies. Any cloud across the south east should clear away. Then a bright day, lots of sunshine but you know it will feel fresher, we have lost the humidity across the south east. Elsewhere a mixture of sunshine and showers, some heavy with hail and thunder. Parts of wales. Temperatures 15 to 18. This is the Pressure Chart as we head into friday, this area of low pressure will dominate the weather into the weekend. This feature just bringing some further showery rain back into the South East Of England through friday. Further showers, longer spells of rain moving from the north west, in between sunshine and showers, feeling pleasant in the sunshine but you will notice it will feel cool, 14 to 17 degrees. The saturday, a day of sunshine and showers, some could be heavy, some hailand showers, some could be heavy, some hail and thunder mixed in. And temperatures around the mid teen celsius quite widely. The weekend it will be sunny spells and showers, some quite heavy with hail and thunder, clear skies at night mean we are heading back into chilly nights. Hello. Its wednesday. Its 9am. Im joanna gosling. Welcome to the programme. Americas former fbi chief claims he was urged to drop his inquiry into links between the president s ex National Security adviser and russia. The white house denies the claims. Well have the details. The Liberal Democrats will launch their manifesto today, promising a new referendum on brexit. Theres also more money for housing and education and a promise to lower the voting age to 16. Today were offering huge opportunities for young people where they can get on the Renting Ladder for the first time because well give them help with their deposits or they can rent to own with a radical new scheme. Well have all the details and well be asking if the party has done enough to woo back voters who abandoned them in 2015. One of labours Biggest Union backers Len Mccluskey from unite
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