and, as always, we'll bring you the latest on the markets and tell you why today's driver is not a trump on or trump off, but china. and we'll be getting a rather colourful inside track today. the boss of one of the world's biggest paint firms colart will give us the brush strokes on how he's trying to make the environment a top priority. and buyers pushed up shares in snap interactive, a little—known us start—up, mistaking it for snapchat. so today we want to know, what's the most expensive mistake you've made? let us know — just use the hashtag #bbcbizlive. then, if you use any more puns today, we are going to shoot you! we start in washington where the bosses of america's top airlines and airports are due to meet president trump in the next few hours. there are some major issues on the table that could affect the global aviation industry. as we know from his inauguration speech, mr trump said he would follow two simple rules — "buy american and hire american". that could mean a major boost for plane—maker boeing, if he leans on us airlines to buy from them. but it's not as simple as that. european rival airbus also operates factories in the us and buys billions of dollars worth of us components like engines. airbus claims to support 245,000 usjobs. then there's the issue of foreign airlines operating in the us. this one, norwegian, was given a foreign carrier licence, allowing them to expand their routes to and from the us — it was one of the last acts of the obama administration. it caused howls of protest from us airlines and aviation unions. again there's another side to it — norwegian says it is creating at least 150 new us jobs and has ordered more than $18 billion worth ofjets from boeing. so what about the whole question of open skies, the deals that mean countries open their routes to each other? will they stay open under mr trump? the us currently has 120 open skies agreements. us airline bosses are particularly unhappy about the expansion of emirates, etihad airways, and qatar airways in the us. last week they wrote to the government claiming gulf carriers have received $50 billion in handouts from their governments over the past decade — something the gulf airlines deny. the president of emirates has long argued that an attack on their business by washington would only damage the us economy. well, norman gage is an airline industry analyst at new generation consultancy. hejoins us live he joins us live down the line now. norman, this conversation happening between the airlines and president trump, what could be the potential impact of it on people like you and i. impact of it on people like you and i, passengers, and for the flights that we want to get and book? i'm not sure it will have too much effect on you and i because it is really affecting inbound flights to america from the home bases of these particular airlines. those airlines, through their home bases, act as a hub and therefore draw in people from the far east and from africa to tra nsfer from the far east and from africa to transfer and then fly on to america. so you and i, i'm not too sure it will have a great impact. in that case, then, there is the long—running competition between boeing and airbus, presumably boeing will be pushing very hard to ride on the back of donald trump's ambitions for by american, higher american. what could that potentially do to the balance between the two major players? i think it would depend on if they exist, but i think a lot of the fleet order from these airlines has already been placed, so to cancel those would cost a lot of money, to purchase american, they would have to say, ok, if we are denied landing rights everywhere that we want to fly to under the bilateral agreement, if that we want to fly to under the bilateralagreement, if that that we want to fly to under the bilateral agreement, if that gets torn up, then we have to reassess where those aircraft are positioned. but to suddenly switch from airbus to boeing can take a number of years and therefore may not be physically oi’ and therefore may not be physically or financially viable. we and therefore may not be physically orfinancially viable. we have and therefore may not be physically or financially viable. we have also missed out as well be iran situation. iran air, i believe, were going to be a massive purchaser of aircraft and have turned to airbus to purchase those. norman, can i ask, if president trump gives these airline bosses are supportive ear, these airline bosses have been screaming mad against the likes of emirates and etihad, but in particular emirates. if he does give them a supportive ear and looks at, i don't know, maybe looking again at the open skies agreement, there could be huge ramifications for the global aviation industry? yes, there could be, but then you also have to look at how many new people are these airlines lifting and taking to america, first—time riders. a lot of the routes that emirates have been developing into florida, leisure destinations, so the implications go beyond the airlines. changing the subject slightly, one of the things that trump could be smoothing over with the airlines is to keep down the price of oil. his economic policies and some of his appointments seem to drive the push to keep drilling and pumping, so if they can keep the price of oil below $50 per barrel, the airlines will be making good profits and all of this other noise just is noise. norman, thank you very much, good to get your thoughts. did you know that president trump used to run his own airline? idid, used to run his own airline? i did, because i was listening when you told me! ido you told me! i do pay attention! that is how you become a millionaire, by running an ally. he started off as a billionaire! 0h, billionaire! oh, i billionaire! 0h, isee. _by 0h, isee. —— by running an airline. let's look at some of the news. democrats have condemned president donald trump's tweet attacking a clothing retailer after it dropped a fashion line owned by his daughter. mr trump tweeted that "ivanka has been treated so unfairly" by clothing retailer nordstrom. a democratic senator called the post "inappropriate" and an ex—white house ethics tsar dubbed it "outrageous". earlier this month nordstrom became the fifth retailer to drop the ivanka trump clothing line, citing lack of sales. germany's exports reached a record high last year thanks to stronger demand from other european union countries as the country recorded its biggest ever trade surplus of $270 billion. that was acheived despite a fall in the value of goods sold outside of the european union. last week, german chanellor angela merkel was forced to reject comments made by one of president trump's top business advisers that germany uses an undervalued euro to exploit trading partners. nissan has reported a 3.5% increase in profit, with sales rising in all major markets. the japanese carmaker recorded profits of $1.2 billion in the three months to december. meanwhile, a south korean court has ruled against nissan, saying that the company had installed an emissions—cheating device in its qashqai sport utility vehicle. shares in toshiba fell more than 12% at one point today. this has been going on for some time. yes, its memory chip business, let's find out more. mariko oi is in singapore. shares ending the day about 7% lower after falling as much as 12%. it has really been nonstop for the company, which isjust really been nonstop for the company, which is just recovering from that accounting scandal since in december the company said it could face a huge write—down in its us nuclear business next tuesday, we will find out exactly how much that breakdown is but reports suggest six. in order to raise money, that is why the company is selling its memory chip business, which is making a lot of money for the company, reports have been emerging about who might be interested in that unit, though it seems like all the industry rivals, when toshiba is said to prefer an investment fund. thank you for that, we will talk to you soon. let's stay with the markets. most asian markets climbed to today as investors grew more confident about china, while the dollar slightly firmed in the wake of growing concerns over political instability in europe. now the nikkei is down because of a stronger yen and japanese investors keen to see how the meeting with pm abe goes tomorrow in washington with president donald trump. in europe, the uncertainty that has tainted trading floors for weeks continues to weigh as donald trump appears to press on with a protectionist agenda but provides no details on his pledge to ramp up the us economy and cut red tape. talking of the us, let's find out what'll be making the biz headlines there today — here she is, here's samira. the results will certainly take more than 140 characters to get through. that's right, twitter will be reporting earnings, and it seems measures to control costs are working. twitter had been looking to try and sell itself over the past few months, but interest from potential buyers eventually waned. coca—cola's earnings may be fizzling out somewhat. the continued decline of fizzy drinks have the earnings of the world's largest beverage maker going flat. even though coca—cola has been diversifying away from sugary sodas and into things like coconut and vitamin waters, the moves haven't been enough to offset the slide of sales of sodas. and finally, the owner of the wall streetjournal and the new york post will be reporting earnings and the turbulent us elections will be seen as a boost for news corp, as it brought in more subscribers for its news pages. joining us is kathleen brooks, research director for city index. good morning. can i start on twitter. twitter will tell us some numbers later on but five years ago when facebook went public we all sat here, i sat here with many experts going, facebook‘s got to learn how to monetise those users, make money from adverts... facebook cracked it. twitter still stumbles. it really does. there are things, these live videos which are expected to... this isa videos which are expected to... this is a new thing? it is, which could boost expectations, but it hasn't been able to monetise and increase its monthly average users, that has been stagnant, and half of the reason is because there is a lot of trolling and abuse on twitter which puts people off from even signing up. the old adage that any publicity is good publicity and you cannot get more publicity than the president of the united states using you as a platform to get messages out. do you think they will benefit from that? from a tweeter in chief?! it'll be interesting, because on their conference call after they announced earnings, they will have to address it, they will be asked about trump and it has attracted a lot of people to follow him, whether that turns into users we will have see. switching to greece, europe again watching closely, it has not gone away, and you actually told us this, the greeks by finance minister yanis varoufakis is the greeks by finance minister yanis va roufakis is in the greeks by finance minister yanis varoufakis is in the building somewhere! not on this show! but greece will be back in the spotlight soon? it has a big debt repayments to pay back injuly, tonnes of european election is going on and european election is going on and european governments don't want to do any type of consolidations or anything on their debt, they want them to pay back their debt, get the imf is going against european authorities and saying, you have to do because there is no way they can grow themselves out of this crisis, you have to reduce the debt you want back, give yourselves a haircut otherwise the debt level will not be sustainable. this has been a problem 110w sustainable. this has been a problem now for seven years, where they have been not growing very well and in massive amounts of debt. they will never pay that back but because of all the elections in europe, no—one in europe wants to say, actually, let's be realistic and cut their debt levels. they all want to say, no, you need to pay us back otherwise we might not get elected in france in may or germany in september. and if you cut the debt for greece then you set president... for all the other countries, portugal, ireland, the other countries bailed out as. you will come back to take us through the papers, we will see you shortly. still to come... we'll talk to the boss of one of the world's biggest paint firms about how he's trying to colour the future of art. i told you, no more pardons! —— puns. you're with business — live from bbc news. travel group thomas cook have seen a £200 million increase in revenue, as they have a pretty solid start to the year. but the firm is still struggling with a changing holiday market as demand for holidays — and weak sterling means holiday prices will be up as much as 9% this summer. simon calder is travel editor for the independent. also for our travel show on the bbc. good to see you. 996, more expensive holidays for brits. exactly right and that is driven partly because of the sterling effect. sterling about six for a fifth weaker against the euro and us dollar, but mainly the inferences the cost of hotels in spain, particularly in the canary islands and the balearic islands, which mean that given the very strong swing we'd seen away from turkey towards spain, if you insist on going there, you will be paying quite a lot more. just been checking out some prices the peak august holidays. the lowest i can find to la nza rote, holidays. the lowest i can find to lanzarote, one holidays. the lowest i can find to la nza rote, one of holidays. the lowest i can find to lanzarote, one of the beautiful ca nary islands, is lanzarote, one of the beautiful canary islands, is about $600 per person, and in turkey the same sort of distance, same sort of holiday, $500. the chief executive of the thomas cut group said sales were doing well in cyprus, portugal, croatia and bulgaria but he also said, and this may be will help out those greek finance people, that demand for greece has increased by more than 50%. the slump in turkey continues and egypt is picking up just a little bit, with more bookings to the red sea resort of haugaard. —— hughada. bookings to the red sea resort of haugaard. -- hughada. he answered all the questions! i had a second question but i think you answered it anyway. plenty on the business live page. waitrose looking to close six shops with 500 potential job waitrose looking to close six shops with 500 potentialjob losses. read it on the website! lots of other stories that is updated throughout the day. for the very latest, log on. you're watching business live — our top story: president trump is getting ready to meet airline bosses at the white house. their compliants about competition from their gulf rivals the likes of emirates and qatar. and ageing airports, the infrastructure, because president trump says he is going to build. that has been his message during the campaign and when he was inaugurated. a quick look at the markets. take my glasses off so i can see that far! and now let's get the inside track on the business of creativity. colart is the parent company behind some of the world's best known paint and art supply brands — including windsor & newton, liquitex and reeves. the company, whose heritage brands date back hundreds of years, boasts an annual turnover of £140 million — that's around 175 million dollars. the firm's products sold in over 120 countries worldwide to both aspiring and professional artists. dennis van schie, ceo of colartjoins us. you are dutch. welcome to the programme. it is fascinating, some people say, i've never heard of this company big paint is everywhere. what i find fascinating, you have some of the oldest paint in the world that were used by the masters. that is absolutely right. colart is the name and a company that is not necessarily well—known but all those fantastic heritage brands used by the masters in the world, they have been there for hundreds of years, as you said. we are about to change the company and about to inspire every artist in the world through a massive transformation. the world needs more creativity and more art. your background is in engineering. correct. what was the appeal of a paint company, do you paint yourself? not necessarily, i'm trying. engineering and then sony smartphones. that's right. the paint, what it does, how you create beauty and masterpieces that actually tell a story. as an engineer, i love to make things, i love to create things and that is a very obvious link between what i've done at sony and into one of the most beautiful world market leaders in the fine art industry. we were talking about the countries you sell the product in, 120. where is the biggest market. the us. that is a biggest market. the us. that is a big market for you. after your businesses in the us? revenues wise? yes. concerned? about trump? and closing trade barriers? yes and no. asa closing trade barriers? yes and no. as a political opinion, yet i'm concerned. but for business, it is a fantastic opportunity. these are times of political and economic instability and people want to express themselves. that is happening in the us and all over the world. art is a universal language, it brings together. we believe in collaboration collective brainpower. we don't believe isolation, which is in the us, is a good thing. we are being told to wrap it up. i want to squeeze this a swedish company based in the uk, operate all around the world. brexit, do you think it will have an impact? not for us. we believe we are a global company, we inspire every artist in the world that's what we are here for. whatever political circumstances will be. we appreciate your time, good luck with everything and the transformation, it wasn't that bad? no! thank you. tim cooke spoke to us earlier about apple. we have employees who secured a work please, they brought their families to the united states, they happen to be outside the united states when the executive order was and all ofa states when the executive order was and all of a sudden their families split. they couldn't get back in. and arguably that's a crisis. can you imagine that? well, what other business stories has the media been taking interesting? kathleen brooks is back to discuss them. we have spoken a lot about the twitter effect. the tweet from president trump about nordstrom dropping his daughter's fashion line. interesting. a father sticking up for his daughter. nordstrom are trying to say it is for business reasons. but sales did very well so maybe it is politics. he is the president and he shouldn't be pointing out companies. what is interesting is he has pointed out other companies' failings before, and that has caused the share prices to fall dramatically. but nordstrom's share price rose yesterday and so did other retailers, who may follow suit and drop the ivanka trump line. nordstrom stores tend to be democratic heart lines on both coasts, they may have been anti—trump waca and voted in their millions for hillary and that's not a lwa ys millions for hillary and that's not always a bad thing to be picked out by trump. it is the fifth retailer in the us to have dropped ivanka fashion line. yes. he is definitely unconventional in how he operates as president. unconventional with a capital u. record numbers of us citizens renouncing their citizenship. before trump, we should say. this is not a trump fact. quite a sharp rise. it was, and i think this is americans have decided maybe it was better to drop citizenship rather than pay tax twice. unlike other countries, in the us they tend to have a global taxation. for example, borisjohnson on the front here said he would have been liable to $50,000 in tax for how is he sold in islington and the profits he gained on that but he hasn't lived in the us since he was five years old. but because he was a us citizen back then when he sold the house he would still have been liable. it will be interesting to see this year if we see another rise, based on expats wanting to have nothing to do with the us if they were democrat supporters and they don't like the political direction the us is going into. in 20 seconds can you tell us the snap story, it's hilarious?m is. snap interactive, a dating app saw their share price increase because people thought they were snapchat and this only worth about 25 million. expensive mistake. kathleen brooks, always a pleasure. that's it from business live today. there will be more business news throughout the day on the bbc live webpage and on world business report. bye— bye. good morning, i'm sure it feels cold enough already but it will be even more cold in the next few days. a classic weather pattern where nothing is moving. big blocking cold area of high pressure over scandinavia stops anything coming in from the atlantic, which is where we get our mild air at this time of year. getting older, bringing a lot of cloud. as the easterly wind picks up of cloud. as the easterly wind picks up it will feel colder and we will see more wintry showers. those wintry showers today are getting blown further inland from off the north sea because we have a stronger easterly picking up, drawing in a lot of cloud. a few western fringes seeing some sunshine, not quite as much as yesterday in south—west england and wales but still a glimpse at times. otherwise, grey skies across the rest of england and wales in the afternoon. and cold, too — wales in the afternoon. and cold, too—4 wales in the afternoon. and cold, too — 4 degrees, some wintry showers getting pushed inland. rain or sleet on the coasts. a cloudy day for northern ireland and windy, which will make it feel cold. cloud spilling into scotland but still some sunshine towards the west and north—west. for most of us it will be cloudy overnight. there will still be some wintry showers around and a dusting of snow here and there. central and eastern areas in particular. the threat of some icy patches, because even if you are under cloud, temperatures will be very close to freezing as the air is getting colder and colder. with stronger winds on friday it will feel colder still. again, some wintry showers, some snow flurries inland. rain or sleet along the coast. a little peep of sunshine on the western fringes of england and wales, the best of the sunshine in north—west scotland. temperatures 3-4, north—west scotland. temperatures 3—4, and over the hills below freezing all day. it will feel cold and it continues to feel cold on saturday. again you can see eastern areas of england seeing most of the wintry showers. more in the way of sunshine in scotland and northern ireland, where the winds are that bit lighter. the winds tend to pick up bit lighter. the winds tend to pick up across bit lighter. the winds tend to pick up across england and wales on sunday. perhaps not as much wintry mess in the showers, temperatures beginning to recover, 4—6d, but feeling colder in the wind. all that colder air coming feeling colder in the wind. all that colderaircoming in on feeling colder in the wind. all that colder air coming in on the easterly wind in the next few days, signs are that next week change the wind direction more to the south and temperatures recover slowly. hello, it's thursday, it's 9am, i'm victoria derbyshire — welcome to the programme. a&e waiting times in english hospitals are longer than ever — leaked figures show last month was the worse since targets were introduced 13 years ago. we will try to find solutions in the next hour of the programme. also today, evidence that a new law designed to stop rogue landlords evicting tenants is failing. we have an exclusive report on the vulnerable people still being made homeless when they complain about shocking conditions. they checked the property, they agreed it was damp and something needed to be done, so they wrote to oui’ needed to be done, so they wrote to our landlord and within a week of him receiving that, we received a section 21 is eviction notice to pushed under our door. an exclusive report to come.