And well be getting the inside track on the world of events apps. Theyre great for their users but is it actually possible to make any money from them . Well be speaking to the boss of revl this weekend the owner this weekend the owner of a tesla car ended up stranded when he relies on his phone to unlock it. Today we want to know whats your Worst Technology mishap . Let us know, just use the hashtag bbcbizlive. Welcome to the programme. The us President Elect donald trump says hell offer britain what he calls a quick and Fair Trade Deal within weeks of taking office. His comments come just days before a speech by the uk Prime Minister theresa may where shes expected to reveal further details of the countrys strategy as it prepares to leave the European Union. Speaking to the times newspaper, mr trump said his team would work very hard to get it done quickly and properly and it would be good for both sides. Mr trump went on to say the uk had made the right decision in leaving the European Union and that other countries were likely to follow in britains footsteps. Meanwhile, in a separate interview with the german newspaper bild, the us President Elect threatened bmw with a 35 border tax for cars manufactured in mexico. Last week, the german carmaker said it was committed to its plans to open up its new factory in san luis potosi, despite mr trumps persistent warnings. Lets have a listen to what the Billionaire Businessman said in his interview with the times. I thought the uk was so smart in getting out. You were there and you wrote it for the front page. You said trump said brexit would happen and it happened. Everybody thought i was crazy. Obama said theyll go to the back of the line, meaning if it does happen. That was a bad statement. The front of the queue . I think you are doing great. Its going great and countries want their own identity. The uk wanted its own identity but i do believe this. If they hadnt been forced to take in all of the refugees, so many, with all of the refugees, so many, with all the problems that that entails, i think that you wouldnt have the brexit. Dr brian klaas is a fellow in comparative politics at the London School of economics. Let us start with the british angle. He cant do a quick deal can he, when i say quick, he cant even begin to Start Talking for two years can he . Hes one of three branches of the american government, hes not the person in charge of the economy and most deals take time to thrash out. We dont know how much Latitude Britain will have while trying to figure out the parameters of the brexit deal. While still a member of the eu britain cant talk or negotiate a deal . Correct. Theres also the question of how long that process is going to take. Beyond that, let us think about other trade deals the us has done. The tpp, which is probably dead in the water now, has been going on for eight yea rs. Now, has been going on for eight years. These are multinational deals, so there are other countries involved, but this would be just two countries . There is no fasttrack to this and this is something what happens in years and not weeks. Bmw, hes been Sabre Rattling and bmw said theyll continue to build cars in mexico . That is right. I think a lot of Global Players in the World Economy are going to continue to push back because again, Sabre Rattling goes both ways. Its not just that bmw Sabre Rattling goes both ways. Its notjust that bmw could stand up to trump but the German Government could stand up to america. This is not just something where could stand up to america. This is notjust something where americas president dictates the Terms Of Trade to Everyone Else and theyjust accept it. In terms of what hes said here, do you think this whole effect tonne car industry of trying to impose tariffs, how damaging sit to impose tariffs, how damaging sit to the car industry itself . to impose tariffs, how damaging sit to the car industry itself . I think long term its very damaging to have a President Elect or president who is picking winners and losers and not letting companies decide on their best business interests, the best return on investments. I think over time this will end up being counterproductive. It will not make the kind of long Term Economic growth that Western Europe needs. What about being able to use the Trade Deficit with china . Hes going to try to make that a homework of his presidency. Hes going to change the fundamental dynamics of the World Economy. There are reasons why there is a Trade Deficit. The President Elect cant wave a magic wand and make incentives for businesses change radically overnight. Now, his ability to push across, you can call them protectionist, hell call them nationalist trade stances, how able is he to bring along co ng ress how able is he to bring along congress behind him to do these things. He says he can do it, but its congress in the end that has to do it . Congress has to be on board. We have decades of republicans standing up to this. Reagans party was the party of free trade and in a way this will be interesting, how can he get people whove predicated their political careers on free trade on the political stage to come along with protectionist idea and a radical shift in diplomacy in terms of economics. Thank you very much. Facebook is introducing new tools in germany to help combat the spread of fake news stories. The Worlds LargestSocial Network said it would enable german users to flag up stories which appear to be fabricated. The stories will then be passed to Third Party Fact checkers and if found to be unreliable, will be marked in users news feeds as disputed. Shares of airbag maker ta kata are tumbling after the Company Announced a deal with the us government. The Japanese Firm will pay A Billion Dollars and plead guilty to criminal wrongdoing over its airbags, which have been linked to multiple deaths. On friday shares rose more than 16 percent but today fell as much as 10 percent in tokyo. The news is dominated by trump today and the fall in the pound. Also, davos has a page. Talking about the rich people. The gathering of bigwigs they say. In dasos. That is under way. We are live there tomorrow morning i believe. Well cover it all week. Well speak to some of the bigwigs. Tanya beck is there for us. Shes a bigwig. She is now, let us talk about what is going on in south korea. A massive story breaking today is the news that the de facto head of samsung has been calld into question at the end of last week. They have now asked for his arrest. Over to south korea and lets talk to kevin kim. What is the latest . Samsung is believed to have signed an 18 Million Contract in 2015 with an 18 Million Contract in 2015 with a Company Controlled by the close friend of the impeached south korean president and prosecutors have argued that this payment was an act of bribery. The companys being investigated, whether the millions of dollars was in return for getting a merger through of two of its companies to help strengthen the family hold of sam shuck. Last week, mr lei was summoned and questioned for almost 2a hours. The prosecutors now believe that they have enough evidence to request to detain mr llee and an Arrest Warrant has been filed. Give me an idea of the kind of damage thats been done here mr lee. Ive been Reading Stories of people saying its notjust damage to samsung but it could be to the entire economy . That would be the argument that samsung would like to make. The court has yet to accept the warrant and it has a few days to consider. If mr lee does get detained, it will be a big blow to the image of the company. Samsung is one of the Biggest Companies in the world and, for the head of the Company Involved in a Corruption Scandal would be very bad for the company. The company suffered another fiasco involving Mobile Phones that would explode during charging, but the news involving the head of samsung possibly being detained could be seen to be far more devastating than the phone recall from last year. Kevin kim thank you very much. Let us have a look at markets in asia in general which were reacting Toa Asia In General which were reacting to a great degree to what donald trump had to say. The markets have disappeared for some reason. The japanese markets were down by 1 . The Dollar Weakening and the yen strengthening, affecting exporters listed in tokyo. The other big effect is in anticipation of what theresa may is going to say in her speech this week about how the uk intends to depart in defrom the European Union. The pound is falling significantly versus the us dollar. The ftse 100 fairly flat at the moment. Let me hand you back to jamie to talk some more about these markets. We are going to be talking Tojeremy CookeChief Economist at the world first. The pound goes down, ftse goes up, thatis the pound goes down, ftse goes up, that is normal, but it doesnt seem to be happening like that today . Not so much. We are waiting to see what is said on theresa mays speech, we have the pound falling through sunday into today, a speech by mark carney later today too. Most importantly, Inflation Numbers from the uk economy over the course of this week as well. We have seen a near 20 fall off the value of the pound since brexit or since the vote for brexit. Will we see that being represented in prices we pay in the shops. It also is to a degree isnt it, its represented in Petrol Prices and energy . The Protection Contracts that have been bought are starting to run out. It doesnt seem to have affected just life in britain. We are all still going out there and spending a huge amount, especially at christmas. Nothing seems to have changed to Every Day Life . It will be interesting to see whether that was the last hurrah of britain. When things get tough, britain. When things get tough, britain goes shopping. Its true. Will Consumer Credit pick up and will people spend the same amount of money on unsecured boar rogue. The Bank Of England said that is something to watch in 2017. Interesting to hear what mr carney has to say because he has a tightrope to walk. The pound, inflation headed up a bit and also of course hes got into a lot of hot water with what hes been saying in the mast . They are mandated to keep prices steady in the past. The mast . They are mandated to keep prices steady in the past. And be independent as well . Politically independent as well . Politically independent as well which may have been an issue in 2016. If hes seeing Inflation Run above target. He says hes prepared to let it go higher . Run hot is the phrase they have been using, is that 2. 5, 3 or 4 and when do we feel people put under pressure by price rises. Thank you very much. Jeremy is going to reveal his Worst Technology mishap later. Very much. Jeremy is going to reveal his Worst TechnologyMishap Laterlj his Worst Technology mishap later. |j cant think of all of mine. Still to come well get the inside track on the world of events apps that let you make the most of your downtime, if you have any. Well find out if what they could do for socialising or dating apps have done for relationships with Business Live on the bbc news. We are talking retail in the uk. It has been dominating Business News for over a week. Shop direct, the owners of littlewoods and very. Co. Uk are the latest retailer to put out their christmas results and its more good news. They reported 9 sales growth year on year the fifth year in a row theyve had a christmas boost. Andrew walker is in our Business Newsroom. So really, it is the triumph of Online Shopping really, isnt it . L very strong performance. 9 growth in total group sales over the seven week christmas period. Still significant, although modest growth for the year as a whole, 2. 4 . And of course, one thing thats striking about this business is that it has entirely moved away from bricks and mortar and moved away from printed catalogues which was nearly three quarters of the groups sales and it is basically an online operation and in those sales, it is just short of 70 is actually done on mobile and as the company Chief Executive said in this statement, as consume fers reached for their mobiles over the christmas period. Thats very much a central part of their Selling Point is that consumers can simply go on to the mobile and order there and they are putting effort into developing interactive services, chat boxes which can provide the service that Consumers Want through Artificial Intelligence support services, more information through Artificial Intelligence rather than the traditional business of going into a store and asking a real flesh and blood assistant. Andrew walker, thank you. One of the latest stories, Unions Holding Talks over the tube strikes. We have got Unions Holding Talks with London Underground today aimed at averting Strike Action on 7th february and also the other story weve got here, the pound may surpass flash crash lose as the pound continues to go down, there are fear it is might actually go below that level of 1. 18. 41 against the dollar. We will watch that to see where its going. Hello. This is Business Live. In a wide ranging interview with the times, donald trump said leaving would be a great thing and he wanted the us to strike a trade deal with the uk as fast it could. It was more than talking about the relationship with the uk. A quick look at how markets are faring. They are reacting to that interview. Bmw shares are down over 1 in frankfurt. All the markets are down. London the least. A Falling Pound is good news for Many Companies listed on the ftse100. They are mainly Global International companies. A wea ker Global International companies. A weaker pound means they make more money. We are waiting to see what is going to be happening with mark carney who will be giving a talk later on today. The markets are in a wait and see mood. Phone based apps have transformed everything from dating to dining, and theyre now trying to revolutionise our down time as well by taking advantage of the experience economy. In 2014 the us alone generated around 22 billion on tickets to live events. While selling these has been dominated by the likes of Ticket Master and stubhub, a new breed of app are trying to tailor experiences to your needs and location using your smart phone. One company thats trying to carve out a slice of this market is revl who offer 148,000 events to their users in london. The question remains though can they actually make any money . Joining me is brandon stephens, co founder of Event Discovery app revl to talk more about the space. Give us an idea about how it works . It is like the spottedify of events. We have partnered with 600 organisations and institutions to allow them to broadcast events across the likes of trivia nights at your local pub to worldwide tours and. Cant we get that already on time out or any of the other, lots ofapps . Time out or any of the other, lots of apps . Time out will filter some of apps . Time out will filter some of the information out. They will ta ke of the information out. They will take the things that are most interesting, but we are providing a place that you can find out anything going on at any club or pub or museum. If you want to find out about the mere cat viewing at the london zoo, well have that. That sounds time consumer and labour intensive. Ho