Investors with its profits news shares are up over 3 in london. Well continue our disability works series by meeting the woman whose college of fragrance is changing the lives of blind people in mumbai. And. Tooty fruity the president of iceland says Pineapple On Pizza should be banned are you a lover or a hater of fruit as a topping . Let us know your thoughts. Just use the hashtag bbcbizlive. Welcome to the programme. I will begin by stating i am for Pineapple On Pizza. Give us your views on this, it is a very hot debate. We will be asking all of our guests, as well. We start with electric car maker and Clean Energy Company, tesla. Its share price has been soaring in recent months and it was up again late on wednesday after it reported better than expected results. Tesla is still losing money but less than expected. More importantly though it has reassured investors its on track to expand beyond the niche luxury car market and enter the big league in car production. Lets show you why. Its all about this the model 3. At 35,000, its half the price of existing tesla models and is aimed at the mass market. In a letter to shareholders, tesla says its on schedule to start production injuly. So not that far off. It will need to. Tesla has promised to be producing a total of half a million cars a year by next year. In 2016, it delivered this many of its existing two luxury models just over 76,000 less than the 80 90,000 it promised. So its still a small scale operator. Butjudging by the share price investors have high hopes it could become the next ford or general motors. Tesla shares have soared around 50 since the beginning of december, giving it a Stock Market Value of this 41; billion. To put that in context its being valued almost as much as ford which has been around more than a century and sold over six million vehicles last year. Some big numbers therefore. With me is our technology correspondent, rory cellan jones. Always good to see you. I dont know where to start. At i. I always good to see you. I dont know where to start. At u want to talk about the compa nys where to start. At u want to talk about the companys valuation because it is right up there with ford, at this model three is being described as a make or break the tesla, is that right . The whole journey of the company is towards being more than a niche sports car business. And this man is extraordinary, elon musk is extraordinary. Everything hangs or falls on him, and he has laid out this vision. They unveiled this model three car, this mass market car, it is going to cost 35,000 and they got a huge number of pre orders, and everyone is waiting to see whether they can deliver. There has been suddenly turns on the trajectory of this company, he is like a trajectory of this company, he is likea Man Trajectory of this company, he is like a man walking up a mountain on a tightrope. Similar times he has nearly fallen off but kept on going. But he has got the investors behind him. The share price up 50 since december. But the investors must be looking at this company, going, this is almost the same value as food, which is 100 years old and sold 6 million cars last year. It is crazy rule. It is being valued like amazon. That kind of business. Amazon, facebook, a big growth stock, his best years are certainly ahead of it, and they better be. Because it is already being priced as if it is a huge volume car maker, which lets be clear, it isnt, it isa which lets be clear, it isnt, it is a tiny niche maker. But another little warning last night, elon musk said we are very close to the edge, in terms of needing to raise more money, we may have to go back to wall street to get some more money. They are investing huge amounts. This factory, the giga factory, the biggest factory ever, one of the biggest factory ever, one of the biggest in the world, that is costing a huge amount to build. There is Political Risk because nobody knows what the Trumps Administration attitude is towards clea N Administration attitude is towards clean energy. It has been interesting to see the careful line elon musk has trodden with president trump. It is a fantastic story, because it is as i say a man walking a tightrope. You have met elon musk, what does your gut feeling say about this . They want to raise more money but they have got so much debt, they are not making any money, they are very small and there was a risk you just mentioned. You think he will deliver, or are we going to see delays injuly, deliver, or are we going to see delays in july, the deliver, or are we going to see delays injuly, the story of delay from tesla . It is quite likely we will see delays. He is the most amazing character, i met him at the design centre. There was a car and a black sheep which we never got to see, which was probably this model three. And he spends this extraordinary tale. He is an inspiration, talks about as becoming a multi planet species and living on mars. There was a whole new services to melt there. It is a question of whether you buy into that, and a little to. Pineapple on pizza. An abomination. This is the man who makes his own bread. Abomination. This is the man who makes his own breadlj abomination. This is the man who makes his own bread. I dont want pineapple in my bed. You should try it. Bring on a next time, thanks, rory. Lets move on. In other news. Australias top Airline Qantas says profits fell 7. 5 per cent in the last six months of 2016, blaming tougher competition. But the fall was less than expected. Tough competition, the reason why. Qantas has turned itself around in recent years through aggressive cost cutting, but say it is facing increased competition on international routes. Ceo alanjoyce called Market Conditions challenging. Officials at the Us Federal Reserve have said they may need to raise Interest Rates fairly soon if the economy stays strong. Minutes of their first meeting since Donald Trump Took Office as president show they discussed the possibility of a rate rise as early as march. Most economists have been forecasting a rise injune. Swiss engineering group, abb, says it has discovered what it calls a Sophisticated Criminal Scheme in its south korean subsidiary, which may cost it 100 million. Abb is accusing a senior employee in south korea, who it did not name, of colluding with others to steal from the company. The companys Chief Executive Ulrich Spiesshofer described the situation as shocking news that could dent the reputation of the industrial firm. All prices rose overnight. This is basically, they have been up and down, but in the general sense they have been on the rise. This time of the back of as you can see that there, the us stockpiles shrinking, basically, lower than what they originally thought they were. 0il basically, lower than what they originally thought they were. Oil at 56. 35 a barrel. Padelli who is not going to like that. Qantas, or any of the airlines. It is challenging. Dont you love it when the ceo uses that word . Tim mcdonald is in singapore, where carlos ghosn is relinquishing his role as Chief Executive of nissan. And now hes going to be chairman, doesnt mean it is hands after today, or how it work . He is not released the thing back so far as the defining his role. It is true even though longer be the ceo, but he was to be very busy, he will still the Chief Executive. The reshuffle will allow him to focus on the alliances between the three companies and making use of the greater scale that the mitsubishi purchase might bring to the alliance. His old job will go to the alliance. His old job will go to the roto sarkar were, already the companys co chief the roto sarkar were, already the compa nys co Chief Executive the roto sarkar were, already the companys co Chief Executive and a 40 companys co Chief Executive and a a0 year veteran of nissan, so likely to be seen as a fairly safe pair of hands was the do you or do you not like youre Pineapple On Pizza . You know, i kind of abstain from this one. Pep you cant set of offence. Dont be a worse i can vote however i want butt we will be accused of bullying. Lets have a look at the markets. In asia, a fairly flat day, and a lot of that is to do with the minutes from the last Federal Reserve meeting, the us central bank. They we re meeting, the us central bank. They were released on wednesday. Everybody is trying to do just and read between the lines as to what they will tell us about rates going up they will tell us about rates going up in the United States and it is not that clear as ever. Markets are sort of treading water. That was the story in asia, that is the closure for the dowjones overnight. Lets look at your right now, trading as we speak. London down a little bit, ba rclays shares we speak. London down a little bit, barclays shares among the big winners of the back of its was out. Nasr was out at, we will talk you through europe in a moment but first the United States. Donald trump is to meet with Business Leaders from Different Industries this thursday to discuss how to create more jobs. Trump has cast himself as the anti globalisation president , criticising multinationals for moving jobs abroad. And vowing to bring manufacturing positions back. This meeting has been described by his Press Secretary at a listening session, where he will receivejob Creation Advice from captains of industry. It comes against a backdrop of an improving us economy, one which many economists described as close to full employment. Talking aboutjobs on the economic front, initial weekly jobless claims aboutjobs on the economic front, initial Weeklyjobless Claims will be released and the Cinema Chain Imax is scheduled to report its Fourth Quarter results. Compared with last year it may not be doing as well, because although Cinema Attendance was boosted by the release in december or Programme A Sta Ble release in december or programme a stable story, with fewest december saw the release of star wars the force awa kens, saw the release of star wars the force awakens, which many of you may recall was a Big Box Office blockbuster. Joining us is jane sydenham, investment director, rathbones investment management. Good morning, jane. Have you been away . Skiing. Lovely sunny skiing. We have to roll on. Interest rates, we have this suggestion, this feeling that with all the economic numbers, pretty good, the higher Interest Rates will come sooner. To me like Interest Rates will come sooner. To me like i Interest Rates . Savers do, investors dont so much, but what it really m ea ns investors dont so much, but what it really means is we are getting back toa really means is we are getting back to a more normal, stronger economy, thatis to a more normal, stronger economy, that is what this is all about. Inflation picking up a bit, employment is fairly full, markets are employment is fairly full, markets a re pretty employment is fairly full, markets are pretty good. We are in a position, we can start to make money little bit more expensive by putting rates up, and that shows that things are Getting Better after years and yea rs of are Getting Better after years and years of rock bottom rates. Talking of that, the banks, the bad headlines about banks has not been the case this week. Hsbc did a bit ofa the case this week. Hsbc did a bit of a disappointment at the beginning of a disappointment at the beginning of the week but lord and barclays today. Generally much better, and certainly a bit of inflation and rising Interest Rates are really good for banks, which is where you have seen share prices start to recover. Ba rclays have seen share prices start to recover. Barclays results were actually better than expected. They have a bit more capital now, which is better, they have benefited from currencies, the Investment Bank is doing better. All of these things are relatively small improvements but it is all a sign. Investors are climbing in today and yesterday for roads. Yes, and after years and yea rs of really for roads. Yes, and after years and years of really poor performance of the banks, we arejust years of really poor performance of the banks, we are just starting to see the early signs of improvement. Jane, pineapple . Not for me, why not apples or blackberries . It is not for me. Why not . You will come back and take us through the papers and we will talk about it more then. We will explain why that story is in the news, it is quite interesting actually. Coming up changing lives and changing perceptions. Well meet the woman whose college of fragrance in mumbai is helping blind people get into the art and industry of perfumery. Youre with Business Live from bbc news. And now a look at some of the stories from around the uk. Britains Barclays Bank has reported sharply higher profits this morning. Our Business Correspondent theo leggett has more. Good to see you. We are going to ask you the question at the end of this about pineapple, but barclays, why are they doing better . There are lots of reasons that barclays has embarked over the last few years in a major restructuring exercise. It has been selling non core businesses. It has been focusing on being a Transatlantic Business focusing on the United States and the uk. That business at the moment is doing rather well. 0bviously, there are some outside factors which have massaged the figures. Barclays is not having to set as much money aside for past wrongdoing such as Exchange Rate manipulation and payment protection insurance. There is some money set aside for that but not as much as the previous year. Not as much as 2015, so that has helped boost the figures. Also the businesses themselves are doing well. Particularly the Investment Banking business which has been raking in the profits. 0bviously, there are uncertainties out there. What will happen if britain has to leave the Single Market when it leaves the European Union . My Colleague Simonjack leaves the European Union . My colleague simon jack has leaves the European Union . My Colleague Simonjack has been speaking to the Chief Executive about just that point. Speaking to the Chief Executive aboutjust that point. We are looking at contingencies right now. We have a Subsidiary Bank in ireland. We have a very large operation in germany. We are the largest Credit Card Company in germany, for instance. So we are looking at what our options are to operate across europe if we lose the Single Market, because of brexit. But i dont think any of those plans reflect a dramatic departure from london. We may add some people in dublin, we may add some people across europe, but our core Operations Centre will continue to be london. So obviously there are issues about what happens after brexit, that he is not panicking just yet. The bank is not panicking just yet. The bank is in is not panicking just yet. The bank isina is not panicking just yet. The bank is in a better shape to whether the Slings And Arrows of outrageous fortune. It has good capital buffers. Now, you were going to ask me about some pizza. Do you like pineapple . Not on a pizza. I am a pepperoni man. I like spicy. We will leave it right there youre watching Business Live our top story tesla fever elon musks electric car and Clean Energy Company says its on track to launch its first Mass Market Vehicle this year. Shares have surged over the past three months, they are up 50 since december. Investors are loving this company. It is quite incredible. Being blind can affect your life chances even in the most affluent of societies. But in developing economies, where poverty is deep and endemic the affects can be devastating. India has about five Million People living with visual impairment and, for them, Finding Employment can be a real battle. Today, in the latest in our disability works series, we look at how one company is working to change that. Cpl aromas is a global perfume company, and has set up a college of fragrance for the visually impaired in mumbai, which teaches basic skills and training needed to work in the fragrance industry. Research by cpl showed that visually impaired people showed significantly heightened levels of odour perception. Angela stavrevska, uk Creative Director and perfumer at cpl aromas. Angela, great to have you with us. I can see we are going to do a lot of smelling when i first read this, i thought, this has got to be a no brainer because you would think visually impaired people have a stronger smell. Think all of their other senses tend to be heightened, but when we have looked at the sense of smell, research is still not com plete of smell, research is still not complete but it looks as if it is the way people smell and analyse the smells that they are smelling, as opposed to the physical aspect of fragrance smelling. As an example, i work as a perfume, so my whole life iam work as a perfume, so my whole life i am always smelling waters around me and almost navigating and understanding where i am because of the smell, so whether i am in my garden, or i am in hong kong and the smell of the streets and food. I think visually impaired people have that heightened sense of using fragrance almost as a Navigation Tool so that is why they are better suited to working in the fragrance industry. How did cpl start this place in mum by where they are training visually impaired people to become perfumers . The ceo wanted to check that. We have an office in mum by and again the Managing Director there also wanted to see if that was true and see if we could help people. So about five years ago this research was taking place which we funded and it was found to be, yes, it substantiated the theory. Funded and it was found to be, yes, it substantiated the theorym funded and it was found to be, yes, it substantiated the theory. Is the training the same as somebody for somebody like you . Dissimilar, it is smelling raw materials. It is talking fragrance language because we have a specific language and it is also memory, memorising smells. You have to have an interest and passion for it in the first place. We were talking about our sense of smell. Mine is pretty shocking, given that i have three little boys and the dog and farm animals which is probably a good thing. But aaron, you have a better sense of smell. I have been a bit bunged up myself lately but we can try it. This is a range of new materials we have developed. It is quite a complex odour stop complex or bad . It is how you would interpret that. |j odour stop complex or bad . It is how you would interpret that. I would say that is for a male. It is not a female smell. Woody . Yes. From my point of view, the perfumer, it is woody, there are also smoky aspects, there is also citrus, grapefruit fresh. A smoky, woody mann it is looking at it in a slightly in depth way and people with visual impairment have that skill. Have you got a Pineapple Pizza on . should other Fragrance Houses got a Pineapple Pizza on . should otherFragrance Houses be doing this with the visually impaired . We have set up the college in mum mumbai. There are eight graduates and we are also looking at developing it in the uk with a charity in northamptonshire called victor. We are looking at using some of the people there to work as panellists for us. We do a lot of panellists for us. We do a lot of Panel Testing where people smell fragrances and see if theyll work and it is using their abilities. Fragrances and see if theyll work and it is using their abilitiesm is fascinating. We wish you the best of luck. Thank you for the smell test. Do you like pineapple on your pizza . Absolutely not. There are a lot of food snobs in today thank you, angela stavrevska. You can find more on our special coverage of this issue, and how businesses are dealing with it, at bbc. Com disability. And on twitter At Disability works. The Business Live page is where you can stay ahead of all the breaking business news. We will keep you up to date with insight and analysis with the bbc team of editors right around the world. We want to hear from you as well. Get involved on the bbc Business Live web page and we are on twitter, and facebook. Business live on tv and online, whenever you need to know. Jane is back. We have been talking pizza all morning. Explain why this is in the news . Understand mrjohannesson, the icelandic Prime Minister visited a school and he was asked if he liked pineapple on his pizza and he said he was fundamentally opposed to the idea. He said he would ban Pineapple On Pizza in icelands, which is interesting. You have not said where you are . I would eat Pineapple On Pizza. So you are not a food snob. We have lots of tweets. They have been pouring in. This person says i am pro Pineapple On Pizza. It is the key to a lovely hawaiian pizza. It isa hawaiian pizza. It is a high wind pizza, isnt it . Another person says i will stop Eating Pizzas if they ban pineapple is asa Eating Pizzas if they ban pineapple is as a topping. Jiri says my favourite is double Pineapple Pizza. He says he is ashamed. Dont be ashamed another person says it is absolutely unspeakable. So it is a hot debate. Jane, can we talk about this story in the irish times. It says brexit has delivered a big mass of companies registering there. Think there is a fear that what happens in brexit and the regulatory environment, companies are trying to hedge their bets. They wa nt to are trying to hedge their bets. They want to set up an option in ireland, so they can adjust the way they operate, particularly companies from Northern Ireland seem to be doing this. There is obviously in need, they can move their staff relatively easily south of the border. And cheaper corporate taxes . Indeed. Said hedging your bets. Short and sweet with the papers i am afraid. Sally has taken up all the time iam not time i am not here to tomorrow so you can enjoy it then. Bye bye. Hello, we are quite likely to seize and disruption from storm doris as it moves its way across the atlantic from the united kingdom. You can see this hook of cloud is where we have the strongest winds. Heading across ireland, that will be swinging across wales and Northern Ireland, increasing the winds. Theyre in mind we have already had gusts of nearly 80 mph. Things will get very nasty over the next couple of hours and very nasty as well for the north of england. The met office have issued Amber Weather Warnings for the wind. These are damaging gusts of wind which could cause structural damage and blow down trees. The swathes of strong winds will spread inland. Further north, it is a different problem. We have some snow around in scotland and increasingly we will see any rain turning to snow over the next few hours over the central belt. Over the high ground, we could see 20 to 30 centimetres of Snow Building in. We could cease and disruption here. The very strongest winds will pass Northern Ireland but just about anywhere in england and wales we could see gusts of 50 to 60 mph, Strong Enough to bring down Tree Branches. The winds will be Strong Enough to bring down Tree Branches and could cause some localised Transport Disruption as well. Overnight, the strong winds will gradually pass. It will turn cold as a risk of icy weather building in across parts of the north of the uk as the skies clear and the winds fall light. There will be some showers to start the day in the north west. Many of us having dry weather with sunshine, but as we go through the afternoon, we will see the next Weather System bringing a spell of raining from the west. As we head into the weekend, we will have more wet weather to come across the north west of the uk. The winds coming in from the south west, a mild direction, so heavy outbreaks of rain working across scotland, combined with the melt of the snow, that poses the risk of flooding as we head into saturday. That is your weather. Its 9 oclock, im victoria derbyshire, welcome to the programme. Today the government is calling of the biggest reform of presents rojer narration, but with manyjails Drug Problems and violence, Kamrul Offending Rates really be cut . As we are seeing fewer people committing a crime for the first time, which is good news, none of the crime in our society is committed by people who have already been in prison is only really need to deal with this issue. Also in an exclusive interview with a different cuiaba women subject to the Drug Experiments and abuse at a Psychiatric Hospital in davor suker noble young girls. Im sure i heard the tribunal began, taken back out, and the doctor came back in, and he carried with impressions and he put them next to the floor next to the mattress. Other know how long i was
comparemela.com © 2020. All Rights Reserved.