And working on the move. We hear how the man behind regus serviced offices turned his quest to find a Flexible Workspace into a multi billion dollar empire. And if you struggle with recycling, youre not alone. The worst products to recycle have been named and shamed so we want to know what are your Recycling Frustrations . Get in touch use the hashtag bbc biz live. Send us your comments about that. My question is whether you can put envelopes in recycling if they have the plastic window . Hello and welcome to Business Live. For months, optimism about the Trump Presidency has been powering markets to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. Its down to growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average f
And we look back at the past week in business, when us markets had their worst day since november, and the economy was the main focus in the uk election. Thats all with our Business Editor, simonjack. We always want to hear from you. Its easy to get in touch with the programme just use the hashtag bbcbizlive. Hello and welcome to Business Live. It is friday, we have got that friday feeling. We start in france where the new president , emmanuel macron, says he expects no honeymoon from the public after his first week in power. He now has to try and win a majority in next months parliamentary elections and implement the Economic Policy he says can turn the country around. So what is Macron Economics and can it solve frances problems . Macron calls himself neither right nor left, hes a centrist, and, sure enough, the team he announced on wednesday is a diverse mix of figures from the left, right and centre. He says his Economic Policy is based on the nordic model. Whats that . Basically,
Unveils the conservative Party Election platform this morning. Should businesses be perturbed by some of her policies . This is bloomberg surveillance. Im mark barton in london. Check out what is happening to equities. Yesterday we saw the biggest drop on the stoxx 600 since september. Today the decline continues. Biggest twoday drop since november. We are down of further 0. 5 . Index is rising today. The first day of gains and seven after falling to a november low yesterday. The u. S. 10year yield unchanged at 2. 2 , dropping 10 basis points on wednesday to 2. 3 , the lowest since april 19. Ing. Is fall there is less of a flight to safety haven assets today. Its biggest gain yesterday since june 24. Lets get to first word news. Starting with the u. K. , Prime Minister theresa mays conservatives are expected to unveil their Party Manifesto today ahead of the u. K. s general election which takes place in three weeks. May will tell wealthier, elderly voters they will have to pay for prom
47 in about two days. Gold catching a minor bid. Crude getting killed. David we will break those earnings but lets turn to washington. Puty attorney erroneousstein appointed a special counsel between ties between the Trump Campaign and the russian overnment. Marty shanker is here with us. What is next . Well, i think as soon as he gets on the job, hes going to scope out where his investigation should go. Its interesting. I think Rod Rosenstein just by this appointment has cemented his standing and his power within washington. The only way that any influence the white house can have would be to fire him and that would be worse than firing comey. And mueller is known to be a straight laced case maker and hes going to take this investigation wherever it leads including into the white house. David a lot of praise from capitol hill about the appointment of mr. Mueller. Does this take it away from congress . Does this take a lot of the wind out of the sails and say let mueller handle it . I
Government crisis. Lets get a check of how u. S. Markets are trading thanks to with julie hyman. We are getting in my skin Interest Rate decision this hour. Julie it seems the central bank of mexico has raised rates in mexico by 25 basis points. That is at least something of a surprise. 19 out of the 32 economists in our survey were expecting the bank to remain at 6. 5 . Instead, we got that 25 basis point increase in rates care. We are looking at how the peso has done since the u. S. Election. It looks like it might be extending losses in todays session. Why dont we call it up on the bloomberg, and take a look at what is happening at this moment. Look at my bloomberg here. We are seeing a little bit of a leg lower in the u. S. Dollar versus the peso. That is how it is priced here. We already had been seen a down fort of a come the u. S. Dollar as the u. S. Government gave formal notice of a renegotiation of nafta, which will occur, present become over the next couple of months. A litt