Could a computer come up with the next big medical breakthrough . Well meet the man whos using Artificial Intelligence to try to bush back the boundaries of medical science. And as weetabix fails to take off in china, its chinese owner puts the company up for sale. So today, we want to know, what gets you going in a morning . Whats your breakfast wherever in the world youre watching us today . Welcome to the programme. Of course it has to be a full english send in your comments. In the last few hours, the us Vice President mike pence has touched down in tokyo where hes meeting with the japanese Prime Minister shinzo abe. In recent weeks, President Trump appears to have softened his stance on trade after taking aim at some of the worlds biggest exporters during his election campaign. In the case of japan it has been accused of manipulating its currency for trade advantage something the japanese have denied. And the Trump Administration is hoping to reverse the Trade Deficit between the two nations which last year stood at around 69 billion dollars. When it comes to their trade relationship the car industry is key, japan currently exports more than a million cars to the u. S every year. While the us only sells around 10,000 vehicles a year injapan. That is something trump wants to change. And his administration is keen to strike what it calls a balanced and fair Trade Agreement with japan which has been given added urgency by americas decision to withdraw from the tra ns Pacific Partnership trade deal. With me is dr william arthur, Souteast Asia analyst at the geopolitical consultancy, 0xford analytica. Taking it back to basics what is interesting, after President Trump threw out the ttp, the transPacific Partnership deal, that was designed to boost trade, he said, we dont wa nt to boost trade, he said, we dont want that, but we will try to drum up want that, but we will try to drum upa want that, but we will try to drum up a trade deal independently, what is at stake . It is important to bear in mind thatjapan relies upon the United States for its leading export market. There is a lot of impetus behind having deal, it has been scrapped, the United States out of it, United States want to find the next thing that is coming, will they try to salvage some form of the ttp, that question has been raised, but in the United States case, the question here is how can they keep trading with an important Trading Partner but at the same time deal with domestic political issues which the Trump Administration have raised. Japan has a massive trade surplus with the United States, we know that, that has angered a lot of americans, when it came to that deal, they said, this isnt fair. Theres anything really change in the short term . The disease et think that japan sells cars to america, what does america sell to japan or Southeast Asia . The thing to bear in mind is that these are Huge Investment sites, and the United States is sending some pretty strong signals with this visit to the Vice President , showing that they want to try to save the racing chip, they must be very careful how they balance the domestic side and the investment side, if you look at the rhetoric coming out of the administration, what we see is a softening, we are seeing questions about whether you see inflation going on but also, how do we go ahead and trade better . And you can look at how the Trump Administration figures in other countries in the region, and the point there is, prospects for some kind of deal coming out of it which would protect the Quiche Constituencies are quite strong, it is a question of balance. Protect the key constituencies. I wa nt protect the key constituencies. I want a deal which will favour the United States but you will have a deal with japan that you need to work with. Really briefly, rest of the region, Southeast Asia, what is the region, Southeast Asia, what is the view of other countries there are,japan, justa the view of other countries there are, japan, just a part of that. There are news specifically, they wa nt to there are news specifically, they want to make sure that the ban is strong and Japanese Investment keeps flowing, japan investing a huge amount in infrastructure in the region, billions of dollars but into that and the us could have a role to play there. What they want to do is to try to salvage something of a regional deal, bear in mind only four Southeast Asian countries were in the transPacific Partnership, so what the question is is what will be negotiated next. That has a role for china and japan. Itll be interesting to see how that plans out. Thank you very much for explaining all of that for us. You cant go far without tipping in new york, and it seems uber is no exception. Proposals have been put forward by regulators to force all Cab Companies that take payment via credit card to offer a tipping option. Rival services such as lyft already offer a Similar Service but uber has always resisted such a move. Two easyjet passengers were removed from an overbooked flight and not offered compensation a day after a United Airlines passenger was dragged off a plane in the us. The airline failed to tell the passengers who were removed, that they were entitled to an alternative flight on the same day with another carrier or compensation. Easyjet has apologised and blamed human error. Lets have a look at some of the stories on the Business Live page. A lot on there, easy week for Economic Data to ward the end of the week, a lot of pmi data, we will be talking about that as the week goes on. It is approaching agm season, lots of debate about Shareholder Revolt when it comes to pay, we will talk about this later with the markets guest but on the Business Live page, our shareholders limbering up on bosses pay . They have been talking about that on five live. Are shareholders. We may see some response as far as pay for top bossesis response as far as pay for top bosses is concerned, familiar theme. What is your favourite breakfast . Porridge. Not a full english. Finley properly in the uk, weetabix, it could be sold to a us company, after reports that chinese owners want to off load it. Extremely popular in the uk. Interesting story, chinese owners bought the company they said, dude market in china that we could sell this to, and it has not work as they planned. I guess the chinese consumers are a little bit like you, they want a hot breakfast, not a cold one, really, chinas bright foods own weetabix, One Of The BestLoved Cereal Brands in britain, they have confirmed it will be gobbled up by us firm Post Holdings for 1. 8 billion dollars, it has been made in the uk. They are as is is the largest at the time, they have struggled to build a big market share in china, as i mentioned, chinese consumers are a big fan of hot breakfasts, they prefer hot rice based breakfast. Weetabix double their sales, but the uk accounts for their sales, but the uk accounts for the majority of their business, what we know about is that they are Third Largest brand, Holding Golden crisp. What we know about Post Holdings. I have fruit for brea kfast, holdings. I have fruit for breakfast, and yoghurt. Holdings. I have fruit for breakfast, and yoghurtlj holdings. I have fruit for breakfast, and yoghurt. I am so surrounded by healthy people, i bet you go for a run as well a full english with rice, my hot breakfast repertoire is getting larger by the minute. Markets in asia, this is how things went, japan up by one third ofa things went, japan up by one third of a percent, it seems people have decided that the risk element is fading a little when it comes to the geopolitics in the region of asia, north korea very much on the minds of investors globally, hong kong down by over 1 , overnight on wall street, we saw most of the main markets up. Helping asia. Wall street, thin trading on monday, shorter day than normal because of the easter weekend. This is europe, first, a look ahead to the big Earning Stories in banking. Last week, both jp morgan Earning Stories in banking. Last week, Bothjp Morgan Chase and citigroup reported earnings and on tuesday we will hear from Bank Of America and goldman sachs. Two things that will boost the earnings for Bank Of America, stronger trading, because of the record highs seen on us markets, and the higher Interest Rates means that the banks will have made more money from linking. 0ldman sacks will also see a boost to their earnings, because of strong bond trading and investment banking. Really, what investors will want to hear from both banks is an update on any changes to banking rules. Goldman sachs. The election of President Trump showed a rally, on the expectation that he would roll back some of the rules known as. Frank but recently, bank stocks have been pulling back, after not being able to repeal and replace 0bamacare, there are worries that some of the promises made by the Trump Administration may not end up happening. Dodd . Frank. Studio picking up on some of the things we had there, but talking about the relative calm, talking about the relative calm, talking about the relative calm, talking about the weekend, markets not too concerned about events as far as career is concerned, what is your ta ke career is concerned, what is your take on what they have made of it so far . Element of relief, the rhetoric had got worse, the south korean market did not blink, maybe they are farm or used to this nonstop noise from north korea. With complex in his muscles, there was a bit of us not really expecting potential conflict. Trump flexing his muscles. There was a certain amount of calm and a few moments as we got over the easter weekend. Calm, but also frustration taking in as was hinted, when it comes to the other stuff we want to see trump doing, tax reform, reducing regulation on the banking sector, still nothing. Such an interesting point, why do we have this big bounce in market, after trump got in, when people were fearful, it was because he was going to get out and do stuff and what became important and became a focus of helping the us Economy Infrastructure spend and the big us Corporate Tax cut, he has failed at health care, and the suggestion is, they are now already talking about delays in the us tax cut, his own party are preventing this, they want to see it funded. The longer this becomes a delay the bigger it becomes a delay the bigger it becomes an issue, google want to see action, they want to see the Infrastructure Investment in the states. Dont have to be a scientist to realise when you go there, they desperately need it. People want to see action. We will get inflation later in the week, this is a global problem, prices rising, wages not keeping up, firms seeing input prices rising sharply, what do we expect . One data point may not show it but absolutely spot on, what we are seeing across the world is inflationary pressures rising, partly due to the end of quantitative easing, we have seen inflation creeping out since the fed stopped that programme, but look at basic quality like leather, things like that, they are rising at a steady, this feeds through to everyday materials, all across the world, not just the everyday materials, all across the world, notjust the uk, we have got Inflation Problem due to the weaker currency after brexit, and i expect that you will see this continuously move throughout the year, and unless wages start to move up year, and unless wages start to move up as you are suggesting, we will see a Global Consumer income squeeze hitting. One that will affect all of us hitting. One that will affect all of us at some point. Breakfast of choice, before you go . |j us at some point. Breakfast of choice, before you go . I do sometimes have the other weetabix brand, alpen. Muesli well. All very healthy, except for may first, before we discuss that, lets talk about something poignant in the uk. Credit checks should not be carried out when people are shopping around for a loan thats according to the tsb. The bank says nearly two thirds of providers carry out such checks, but they can affect a borrowers Credit History and increase the cost of the loan through higher interest charges. Paul pester is the Chief Executive of tsb. Just explain this. Many would say it is standard, you apply for credit and you would face a credit check. Absolutely not. This is part of a series of underhand tactics the industry uses we think to Rip Off Consumers to the tune of £400 million a year. Why is it an issue . Ifa million a year. Why is it an issue . If a customer tries to shop for a better loa n if a customer tries to shop for a better loan rate they might ask a Providerfor A Rate better loan rate they might ask a provider for a rate and another provider for a rate and another Providerfor A Rate provider for a rate and another provider for a rate and another provider for a rate and they are only asking for a price, not applying for a loan and the Loan Providers mark the credit file of the customer so that after quotes, they can see the cost of the loan up and we think on average it can increase the cost by two percentage points, that is £400 of extra interest the customer does not need to pay and it is an underhand tactic we would like to see an end to soon. Is it important in the process of trying to find a loan, they do somewhere along the line, affordability and the fact you can pay it back is assessed . It is vital to check a customers ability to repay. That is helping customers to borrow well but there isa customers to borrow well but there is a subtle and important difference between looking at a credit file as leaving a footprint on the file, effectively because i am asking a price. My file is marked as if i have taken out the loan. If i want a £5,000 loan it looks like i am racking up loans, which is why the rate goes up. Which is not necessary. I am told we are out of time which is a shame. But there is detail on the website. The Chief Executive of tsp, and cued. More detail on the website. One other story on the tablet, the Finance Chief on flybe. 0n the Business Live page. Youre watching Business Live our top story the us Vice President mike pence is in tokyo. He talking to the Prime Minister. Hell be pressing the case for a bilateral Trade Agreement with japan. We will keep you posted. A big holiday for most european markets and this is how they open today. Now, we all rely on medicines at one time or another whether its to deal with an irritating cough or to tackle something more serious. Thats why medical innovation is so important our lives could literally depend on it. Our next guest is using Artificial Intelligence to push back the boundaries of medical science. His Company Benevolentai deploys a powerful computer to sift through masses of data at the blink of an eye. The company says the computer makes connections and discoveries it would take scientists many lifetimes to come up with. The company was formed in the uk in 2013 and since then has expanded rapidly. In fact its now the largest Artificial Intelligence company in europe. It has struck Licence Agreements with some of the worlds biggest pharmaceutical companies. Benevolentai is working on more effective treatments for diseases like parkinsons and alzheimers. Maybe it can fix the fact i am not speaking well this morning joining us is Kenneth Mulvany he is the co founder and director of benevolentai. Pretty comprehensive run through of what you do but i am interested in hearing f