The institute of export and International Trade flag and the importance of the Baltimore Port. The crash could affect operations at the port for months, it is the ninth largest port by Trade Volumes in the united states. It handled over 50 million tons of foreign cargo last year and Baltimore Port is particularly important for the auto industry. Ranking number one of yours for the input of export vehicles with nearly 850,000 cars and light trucks passing through into thousand 23. Lets talk to emily about this who is the Market Analyst at the shipping analytics firm. Good morning. Talk us through what this will do in terms of halt to trade. Clearly it is an important hub in the us. It is not the biggest on the us east coast, has much bigger neighbours to the north in new york and to the north in new york and to the south in norfolk on The Port Of Virginia which will be able to handle the extra Container Volumes. You can argue never Container Shipping is a little easier to helper because it is so standardised. Many of the ships go to baltimore on a regular basis also have scheduled stops in new york and newjersey or in The Port Of Virginia. 0n the other cargo types, perhaps a little more complicated but there are solutions up and down there are solutions up and down the east coast that at the moment have capacity to handle extra cargo volumes. Me moment have capacity to handle extra cargo volumes. Moment have capacity to handle extra cargo volumes. We are now in a recovery extra cargo volumes. We are now in a Recovery Mission extra cargo volumes. We are now in a Recovery Mission as in a Recovery Mission as opposed to rescue as far as what is happening at the moment baltimore. It will be sometime before this point up and running again. Before this point up and running again. Before this point up and runnina aaain. ,. , running again. Yes. In terms of logistics. Running again. Yes. In terms of logistics, people running again. Yes. In terms of logistics, people who running again. Yes. In terms of logistics, people who really logistics, people who really are stuck only wants it with containers on board the ship that struck the bridge or those that struck the bridge or those that already have containers in the port usually for further exported in this case. We know the point is still moving cargo on the landslide with chaps coming in and out and review containers but it is going to be a Knock On Effect on the kind of onward transport and how you get your container out of the port for into the port in the first place. In the first place. Overall, how does in the first place. Overall, how does it in the first place. Overall, how does it play in the first place. Overall, how does it play into in the first place. Overall, how does it play into the l in the first place. Overall, how does it play into the many problems impacting trade at the moment . You have the red sea and many Pick Companies completely avoiding the retsina which means theirjourneys are a lot longer and things are taken a lot longer, the panama canal having issues as well. A lot going on, esoteric . Absolute and us disko trooper comes to volume and the parties commit one of the trade is headed by author of the same time, there is on the other side we have seen overcapacity, carrier supported a lot of ships from the profits they made at the height of the Container Shipping peak when they were, what containers were really costing backward high amounts to transport. Those ships arriving on the sea. They usually have a delivery of about two years and yes, Container Volumes picking up from us jack upstill substantially down. We do have enough ships to be deployed even with the longer Transit Times and longer same distance. Thank you so much for your expertise and this, good to talk to you. Lets stay in the us and making waves on wall street, shares of Trumpet Media and technology, the Parent Company of truth social, they saw it when they began trading on the nasdaq on tuesday. The windfall makes the former president one of the richest people in the world with more come here is our north America Business reporter in new york. Donald trump became a lot wealthier at least on paper. Truth social closed just under 50 up to 60 on its first day of training as a public company. At one stage, more than 50 . Because mr trump is the Majority Owner from than 50 . Because mr trump is the Majority Ownerfrom his stake in the company is worth around 4. 5 billion, making the former president one of the richest 500 people and the dog according to bloom. With his newfound wealth, mr trump could sell some of his stock to help pay for his mounting legal bills as he faces both civil and criminal proceedings. He will have to wait since he is barred from selling his shares for six months. It is not clear whether stock would be trading when that agreement expires. Truth social that was founded after the former president was kicked off major Social Media Platforms following the january six capital ride said it expects to continue losing money for a while. Many of the shareholders are small time investors trying to show their support for mr trump. As well as trying to cash in on the frenzy surrounding the stock. The Stock Market Debut was made possible after a Trumpet Media merger with digital rail Acquisition Corporation that was approved last week. Lets talk this through with tom stevenson. We knew this was going to be quite a rollercoaster today, anything surrounding donald trump seems to be like that. Give us your take on this listing. To be like that. Give us your take on this listing. This was never going take on this listing. This was never going to take on this listing. This was never going to be take on this listing. This was never going to be an take on this listing. This was| never going to be an ordinary location. It is a bit of a throwback to those mean stocks and special Purpose Acquisition Companies that was such a prominent feature of the stock market during the pandemic. What donald trump has done is reversed in what is essentially a small and still unprofitable Media Company into a cash in order to get stock, collecting it as you described, the value has soared. I dalyup i think about 14 Billion Dollars at one point in trading yesterday. To put in context, this is a company that made 3. 4 Million Dollars of revenue in the first nine months of last year and made a significant loss on those small references. It has aspirations to launch the stream channel,. 400 million worth of revenue can the years to come but even at that level, evaluation like that really has no bearing on the reality of the fundamentals of the situation. In the fundamentals of the situation. The fundamentals of the situation. ,. ,. , situation. In terms of what it means for situation. In terms of what it means for donald situation. In terms of what it means for donald trump situation. In terms of what it means for donald trump himself, we are very aware it is in the press a lot of the financial pressure he is under. As michelle pointed out, he is locked concurrently unless he is able to change that somehow. You cannot get a hold of this money for the six months. He is locked in for money for the six months. He is locked in for six money for the six months. He is locked in for six months, locked in for six months, Cannot Access that money and even were he able to access that money, the sale of a significant slice of would more than likely send the share price tumbling because as i say, there are no real fundamental back into the share price. Fundamental back into the share rice. ,. Price. Consumer confidence fi. Ures price. Consumer confidence figures temporary price. Consumer confidence figures temporary and price. Consumer confidence l figures temporary and pretty disappointing. It would seem consumers that are such an important driver of the economy are now feeling the pinch. That is rirht. Are now feeling the pinch. That is right. What are now feeling the pinch. That is right. What was are now feeling the pinch. Twat is right. What was interesting about those Conference Board Consumer Sentiment figures was people � s attitude to the Current Situation is actually pretty strong. We have seen that in the underlying strength, surprise and strength of the us economy. 0ne when they were asked about how they felt about the situation in six months time, they were much more cautious stop it is a reflection coming back to the earlier conversations, reflection of the upcoming election and there is a lot of uncertainty among us consumers six months also out. If uncertainty among us consumers six months also out. Six months also out. If your time, six months also out. If your time. See six months also out. If your time, see you six months also out. If your time, see you again six months also out. If your time, see you again soon. | six months also out. If your time, see you again soon. Lets head to germany as europes largest economy is struggling. Some arguing it is teetering on the edge of recession hit by rising cost of living. Germanys Manufacturing Powerhouse is Energy Intensive and has been particularly hit hard by the soaring cost since russia cut supplies after invading ukraine. Growth forecast for the year have recently been slashed to near stagnation with of Economic Forecast to out of date environment. Lets go live to belen to find out what we can expect. The Chief Economist at the Bank Firm Brokejoining us, always likely to see you. What are you expecting to motivate when all of this data comes out . ~ when all of this data comes out . , out . We will probably learn German Economy out . We will probably learn German Economy is out . We will probably learn German Economy is just out . We will probably learn German Economy isjust at| out . We will probably learn i German Economy isjust at the German Economy is just at the moment and our my recession and things will improve over the course of this year so that for the year as a whole, growth will probably be close to zero. That is what these institutes are likely to say. That is what these institutes are likely to say. What will be the reaction are likely to say. What will be the reaction to are likely to say. What will be the reaction to that are likely to say. What will be the reaction to that on are likely to say. What will be the reaction to that on the. The reaction to that on the part of government for example . What is it doing about this, given the fact we have to talk are generally struggling for quite a while. Are generally struggling for ruite awhile. ,. , quite a while. Germany has been stru rrlin quite a while. Germany has been struggling for quite a while. Germany has been struggling for quite quite a while. Germany has been struggling for quite a quite a while. Germany has been struggling for quite a while quite a while. Germany has been struggling for quite a while on i struggling for quite a while on the wake of putin � s attack on ukraine. An the government is trying to do it about it. Just got a new law acute tax relief matters for businesses helping to revive investment. That is at least the adl. The problem is germany does not ride itself the money you would need to cut taxes more significantly. Because it has this self imposed rate limit public expenditure. And the longer run measures that will help the jewry economy to streamlining the bureaucracy and speeding up Planning Residuals and getting along with the energy transition, these longer run measures take time. At the moment we are waiting for enjoyment is some rebound global trade. Enjoyment is some rebound globaltrade. D0 enjoyment is some rebound global trade. Global trade. Do you think, riven global trade. Do you think, given the global trade. Do you think, given the circumstances i global trade. Do you think, | given the circumstances and global trade. Do you think, given the circumstances and how difficult things are in germany that the self imposed fiscal rules you mentioned on debt breaks should media be overruled at this point . It would make sense to be formed of all, it is good to have a limit to Public Borrowing by the limit in germany is far too tight. The political problem is the government in order to do so would first of all have to agree on a among themselves which is difficult and would need the opposition to agree to the change in the constitution and both house of parliament. And the opposition in the run up and the opposition in the run up to the next election in september 2025, the opposition is not inclined to help the government out, rather get more money to spend now. And a bit of a political stalemate in germany. Which prevents for the time being, reform of this debt broke and which is kind of one of the factors keeping German Economy below the european average for now. Economy below the european average for now. Briefly, what Do Ou Average for now. Briefly, what do you think average for now. Briefly, what do you think the average for now. Briefly, what do you think the german average for now. Briefly, what do you think the German Economy will pick up . It do you think the German Economy will pick up . Will pick up . It will gradually ick u will pick up . It will gradually pick no on will pick up . It will gradually pick no on the will pick up . It will gradually pick up on the second will pick up . It will gradually | pick up on the Second Quarter but it will likely continue to underperform the average of europe for the remainder of this year. I europe for the remainder of this year europe for the remainder of this year. I good to see you. Thank vou this year. I good to see you. Thank you. Lets this year. I good to see you. Thank you. Lets pretty this year. I good to see you. | thank you. Lets pretty other business stories. Likely that its Payment System and banking that are fully operational after earlier glitches which began on tuesday evening. The bank apologise for issues with payments into and out of accounts and some of its uk customers. Cut transactions and Atm Withdrawals were unaffected, the bank said. The boss of such a Committee Energy diet owns british gas has seen its pay Package Price by almost £4 million. The renumeration was £8. 2 million in 2023, from 4. 5 million a year before. The pay package is mostly made of long term bonus, pension and benefits. Injanuary, he told me see his pay was impossible to justify. Me see his pay was impossible tojustify. Still to me see his pay was impossible to justify. Still to come, me see his pay was impossible tojustify. Still to come, how much you spend Chocolate Cake this easter . We tackle at the impact of record high cocoa prices. Around the world and across the uk, you are with bbc news. Lets continue with the Business Coverage and headed to china where the countries leading car maker byd, the world � s biggest electric car maker, it is reporting something of a slowdown and its mammoth growth story, clocking its lowest Profit Growth in a three month period for over two years. Lets go to our Asia Business hub. Monica is there with the details. The company said they are operating in a complex external environment as they face high levels of inflation as well as a Slowdown Inflation as well as a slowdown in growth in many of his major markets. But reported more than 18 rise and rise in Fourth Quarter crosses which is the slowest of the First Quarter of 22 and the ev sales mostly around the world are seeing a lot of medicine but particularly in china as a Basis Price War and lots of competition. Also its economy is rather soft. Big ticket items, people are not buying them quite the same way. Nevertheless, byd saw a jump of more than 80 and profit in the first set of the annual earnings and that happened since tesla is the top well seller. It beat them not too long ago. On monday, etc it will actually slashed its prices of its bestselling model, Ec Electric Sedan by 3 , lower what tesla is offering the chinese market. There is a lot of competition in the domestic space. The discounts are really not cutting through what byd has to offer the market. Some analysts are warning if they continue to keep these deep discounts, it will really cut in two byd domestic profit margins. Thank you, interesting to hear how byd is doing currently. Here in the uk weather are as many as 32 million uk Passport Holders being want to check their issue and expiry date details, or possibly face being refused entry to cities and holiday destinations across the eu. Scores of people are reportedly turning up at airports with passwords that do not meet post brexit exit criteria. It is the moment we all dream of, after the planning, packing and centibytes work for a few weeks, time to check into the well and holiday. For some people this is as far as they get. Paramedic neck and bottles on his way to france with his fiancee to visit family. Despite checking for their flight online, they are making their way through luggage drops, security and passport control at the Boarding Gate there were in for a surprise. Ten years passed extra months of the passport which i didnt think would be a problem. He fell about ten year full. The passport was issued more than ten years before the date they were travelling which meant they would be refused entry into any new roman eu country. That moment methodology, how did you feel . Did you feel . Gutted. We were surrised did you feel . Gutted. We were surprised than did you feel . Gutted. We were surprised than anything. Did you feel . Gutted. We were surprised than anything. We i surprised than anything. We checked online. Was fine and told that at the gate for the rules of hospice changed once the you left eu. To rules of hospice changed once the you left eu. The you left eu. To enter any country within the you left eu. To enter any country within the the you left eu. To enter any country within the travel the you left eu. To enter any. Country within the travel area, you can possibly have to meet certain criteria. Firstly have to be valid for at least three months the planned date of return to the. Also cannot have been issued more than ten years prior to entry in the eu. This rule is catching holidaymakers out because prior to september 2018, uk Passport Office would add up to nine existing months, passport onto the new one. This is a problem passport onto the new one. This is a problem that passport onto the new one. Try 3 is a problem that continues to catch people out. What is really important as your Passport Validity and expiry date, when you will put your holiday, not when you go to check in and certainly not when you travel the airport because thatis you travel the airport because that is where people are continually finding that passport is out of date and often than too expensive and too configured to set your holiday. I too configured to set your holida. , too configured to set your holida. ,. ,. , ~ holiday. I was one of them. A few weeks holiday. I was one of them. A few weeks ago, holiday. I was one of them. A few weeks ago, that holiday. I was one of them. A few weeks ago, that have holiday. I was one of them. A i few weeks ago, that have been able to get off with my family on holiday, i was turned away right here at check in case because my passport have been issued more than ten years before. Given that ive been able to check in online and had able to check in online and had a boarding pass. 50 able to check in online and had a boarding pass. A boarding pass. So many responses. A boarding pass. So many responses. This a boarding pass. So many responses. This travel responses. This Travel Journalist responses. This Travel Journalist urging responses. This Travel Journalist urging analysed to give people a better way of prompting put into the airport. Easily a couple hundred people at a day turn away from five. Across the year you could easily find there is over 100,000 people who lose their holidays as a result of these rules. I have written to be balanced, keep saying to them to please do more, particularly someone checking in a month ahead. �. ,. , someone checking in a month ahead. �. ,. , ahead. Alan uk was told us allies to ahead. Alan uk was told us allies to provide ahead. Alan uk was told us allies to provide reminders| ahead. Alan uk was told us allies to provide reminders and mix. Two passengers are checked. We have offices that provide up to date information on the requirements on its website that is under constant review. So if you are dreaming of a getaway to sunnier climes, strong advice is to dig our passports and checker dates well before trying to travel. Some good advice. I will be checking my money get home today. Before we go, lets talk chocolate. Regular viewers of the programme will no i am a chocoholic and you may have noticed prices are on the up. The price of cocoa, or ingredient for Chocolate Hit a record Highjust Ingredient for Chocolate Hit a record high just yesterday. Ingredient for Chocolate Hit a Record Highjust yesterday. A lot of this is down to poor harvest in the ivory coast and ghana that grew around 60 of the world � s beings. The average price of chocolate is direct this year are off over 10 compared to 12 months ago. Lets discuss this with paul jules. Hello again. Things are not improving, we talked about this before. This before. Exactly. We spoke november this before. Exactly. We spoke November 2023 this before. Exactly. We spoke November 2023 and this before. Exactly. We spoke November 2023 and what this before. Exactly. We spoke j November 2023 and what have this before. Exactly. We spoke November 2023 and what have we seen sense . Prices have written about i20 . Yesterday on a new contract with part of the 10,000 dolomite for the first time. For reference aha huge thatis, time. For reference aha huge that is, the last record was backin that is, the last record was back in 1977 and that was about 5,400. We really are unprecedented highs right now. Told us to the impact. We talk about how it doing someone expensive but the many that is neither here nor there. Those that rely on this, what are they having to digest here . When were at this unprecedented highs, is opposite effect on the bottom lines of companies. Pity what we are seeing is very high prices and distorted have to be passed on to the consumer. They have like tried to absorb as much cost as possible of course when you have the supplies at the level of prices, it is very difficult. ~. ~ the level of prices, it is very difficult. ~. , ~. , difficult. We talked about this some months difficult. We talked about this some months ago difficult. We talked about this some months ago and difficult. We talked about this some months ago and it difficult. We talked about this some months ago and it is i some months ago and it is getting worse, not better. What would karen be tight, if anything . Would karen be tight, if an hinr . M. ,. , would karen be tight, if an hinr . ,. ,. , anything . Difficult question to answer. Whatever anything . Difficult question to answer. Whatever reasons i anything . Difficult question to l answer. Whatever reasons there is so much panic currently in the market. The concern is the tide will not turn very easily and that is because what we are seen at the moment in terms of his production issues are actually systemic problems. What we see at the moment is very low fixed farm get prices and the top two prison countries. We have seen poor your entries given the fact that they are ageing and also see farmers actually exiting out of cocoa production. Likely we our future deficit ahead. This is the largest deficit year and never 60 years and i think we could potentially have another deficit here in the next year to come. For farmers as well, really next year to come. For farmers as well, really difficult next year to come. For farmers as well, really difficult time. I as well, really difficult time. Exactly. Interesting market because you could say if i started all time high, why are farmers not receiving this . Because there is a fixed Farm Gate Price and that is actually not a very profitable crop right now and that is one of the reasons deliver the commodity. It is a real Head Scratching right now. We will scratching right now. We will scratch aHead Scratching right now. We will scratch ahead again scratching right now. We will scratch ahead again in i scratching right now. We will scratch ahead again in the i scratch ahead again in the future. Thank you very much. We must look at Financial Markets because once againjapan is making the headlines. Lets show you. Indicate nick cave up almost 1. 5 . A lot of that is to do with the fact the young is so weak. Slumped against the us dollar, pushing the country towards its lowest level in 34 years. This raises the risk of Market Intervention on the part of japanese authorities. The Finance Minister stepped up his verbal warnings today, saying the government ofjapan would not rule out any steps against any excessive moves the left. They give you the background is. The bankjan maas with great Interest Rates for the First Time Since 2007. Dietrich mateschitz controversial negative Interest Rate policy that has been in place since 2016. The Central Bank Governor to signalling Borrowing Costs would not rise sharply since Inflation Expectations have yet to be anchored and is 2 target. That is what is going on injapan today. Lets look at the next board but as the united states. Us had a good session on the whole but in last hour of trade a bit of a self kicked in. Certainly for the nasdaq. The big story was the nasdaq. The big story was the listing of the Parent Company behind truth social which is the Majority Stakeholder in that and is donald trump. Such a big story as far as wall street was concerned yesterday. That is a look at the latest in terms of business news. Lets take you back to baltimore. As we were reporting at the start of this programme, this is the live shot from the porch where you can see the collapsed bridge. The sex still missing is presumed they are dead, the tragedy, those Construction Workers that were on the bridge at the time of its collapse, the conditions are so difficult, the freezing temperatures of the water, they have been the water for such a long time, it is assumed that they have died. Therefore it is a Recovery Operation that is now taking place, that will happen. They are four hours behind our time, happen. They are four hours behind ourtime, it happen. They are four hours behind our time, it is now five to six. So it is five to two oclock in the morning in baltimore. You alive with bbc news, the live page giving you the latest on what is happening in baltimore as they do continue to bring normality there. That is all for me now. I see you soon. I will see you soon. Hello. The weather is going to throw just about everything at us over the next couple of days. Certainly for wednesday lots of heavy thundery downpours, albeit with some spells of sunshine in between, also quite windy out there. All driven by low pressure centred to the west of the uk. Rain and hill snow pushing northwards across scotland. Some really heavy rain for a time across eastern counties of northern ireland. That will take a while to clear. And then for england and wales, yes, there will be some spells of sunshine, but also some heavy, thundery downpours with hail thrown in for good measure, some sunny spells in between. Pretty windy, particularly in the south, but also up towards the north of scotland and temperatures north to south between 7 11, maybe 12 degrees celsius in parts of eastern england. Now through wednesday night, we will see further showers or longer spells of rain. This clump of wet weather drifting across Southern England into the midlands. If that gets far enough west into wales, well over high ground, that could give a little bit of snow because it will be quite cold to take us into thursday morning. Although probably too windy for most places to see a frost. And then into thursday, while this area of low pressure firmly in charge. This low has been named by the spanish weather service. Its been named storm nelson because of the impacts it is going to have in spain, but pretty close to us on thursday. Close enough to give some very strong winds, gales around coasts in the south and the southwest. But windy weather even further north across england and wales, very strong winds even inland. Some outbreaks of Rain Northern Scotland perhaps seeing the best of the dry weather, but theyll even here be some showers. And temperatures around nine, ten or 11 degrees. Now as we get into friday, good friday, of course, it is not going to be completely dry, but i am hopeful there will be fewer showers. More in the way of dry gaps in between. It wont be as windy and it will feel a little bit warmer. And that certainly is the theme for the start of the easter weekend. 0ur area of low pressure loosening its grip and so not as many showers more in the way of dry weather. However, there is a lot of uncertainty about the second half of the weekend. Theres an area of low pressure that some Computer Weather Models keep well to the south of us, its this one here. But other Computer Models push that a lot further north, giving us the chance for some rain. So a lot of uncertainty about the second half of the easter weekend. There will be some rain at times, some spells of sunshine, not as chilly as it has been. Good morning, welcome to Breakfast Withjon Kay and sally nugent. 0ur headlines today. The baltimore Bridge Collapse the search for six missing Construction Workers is called off. Based on the length of time we have gonein based on the length of time we have gone in this search and extensive search efforts, the water temperature, that at this point, we do not believe we are going to find any of these individuals still alive. The euros dream is over for wales as their last kick of last nights penalty shoot out. With it goes a spot in the tournament in germany. Public satisfaction in the nhs falls to a record low