Explain who the winners and losers. And how sleep became big business. Well meet the man behind a new generation of mattresses giving traditional bed makers nightmares. And as barbies long time boyfriend, ken, gets a makeover hes got new hair styles, body types, new clothes and new skin colours so today we want to know, what childhood favourite of yours should get a revival and makeover . Let us know, just use the hashtag bbcbizlive. Do get in touch about ken, plastic fantastic or not . Also any thoughts you might have about the stories we have including this one about uber. Travis kalanick, the Chief Executive of the Ride Hailing Service uber has resigned following demands from five major investors. Last week he said he was taking indefinite leave of absence after a series of scandals hit the company. Its battling allegations of harassment, discrimination, and corporate misconduct. This is a story that has been getting more and more intense in recent weeks, recently published we re recent weeks, recently published were the findings of an internal investigation. In a few moments, will talk to our Technology Correspondent in North America. But lets have a look of the other big event of the day first. The British Government sets out its legislative programme for the coming year in a few hours and the economy looks set to take centre stage. Ancient custom means its actually announced by queen elizabeth, hence the name of the occasion, the queens speech. The governing Conservative Party does not have a parliamentary majority and that could limit how bold it can be in reforming the economy. So controversial plans to reform pensions and social care for the elderly could be left off the governments wish list. With me is sue noffke, uk Equities Fund manager at schroders. Thank you for coming in. Sally touched on it there, normally at this point we would expect to hear in the queens speech, how the government would interact their manifesto, they were elected on the basis of a manifesto and then they would tell us how they would put their plans into place. Its a bit different this time. Its more comforted because the government doesnt have a majority, they are reliant on others to support this legislative process. I think we will see a pruned legislative process put forward today. But will then get voted on by next tuesday. The difference is, we could be more interested in the things that are not included, rather than the things that are . Indeed, so it is a bit whats in and whos behind that. But also what strop from that conservative manifesto. I think what is dropped. I think quite of the a few of the more controversial aspects and the economic aspects, as well as brexit. There are of domestic issues like pensions and reforms to payments to older people, but lets talk about brexit. We heard the campaign, theresa may saying brexit means brexit, thats looking very different now. The type of brexit that we get will be as much what were allowed to take from europe. But theres still an awful of debate to be had within the uk. And within the Conservative Party. And within the Conservative Party. And within the Conservative Party. And with the dups support, how aligned are they . The real priorities are irans brexit. We keep being told are around brexit. We keep being told that the election says we should have a softer brexit, but there is still no detail about whether that means we stay in the Customs Union or whether there will be tariffs imposed on exports, are we going to get clarity . I dont think we will get clarity . I dont think we will get clarity today but maybe the tone and perhaps what brexit means as a softer brexit may still mean that we come out of the Single Market as we understand it. But its not a cliff edge. Its a transition period. Where a these rules and regulations come into the force overtime. Lets talk about posterity as well. A lot of countries around the world are facing the same challenges over austerity, how to bring down costs, What Happens Next . |j austerity, how to bring down costs, What Happens Next . I think we will see the tone softened, i dont think posterity is going way because we cant afford i dont think austerity is going away because we can austerity is going away because we ca n afford austerity is going away because we can afford not to deal with austerity. Weve got huge Government Debt here in the uk and also around the world, so its about trying to live more within our means and recognising perhaps where austerity has hit hardest and doing something to address that, perhaps sharing that rebalancing across the economy. Thats not just in that rebalancing across the economy. Thats notjust in the uk, if you look at what is happening in france with emanuel macron, she he says that austerity is part of the picture but we also have to reform labour laws. Hes got a lot on his plate but hes got a mandate to do both. What i think well see from Angela Merkel support to relax some of the fiscal austerity issues, as long as he progresses that reform agenda. Good stuff, fekir write much. Full coverage on the bbc of thank you very much. Full coverage of the queens speech data. Lets return to our top story, the news that Travis Kalanick has quit in North America as chief of uber. What do you know, dave . Its been an extremely dratted evening here in san francisco. This is something which many people didnt think would would happen. Travis kalanick had managed to remove some high Profile Members added uber, high profile executives, he put in place this investigation that was seeking to get to the bottom of the so called Toxic Culture at the company he created, but at some point earlier today, investors went to travis and said, this needs to be changed, you need to go because they did not have confidence in him to steer the company out of the mess that it has got himself in, which is squarely being blamed at mr kalanick now. The company put out a positive statement saying he is doing it in the best interest of uber, this is something that they would not have taken lightly. A very joe that they would not have taken lightly. A Veryjoe Mattock evening here. We know that mr kalanick had already taken a leave of absence with no return date, some questioning whether hes made his fortune, hes delivered the firm he wa nted fortune, hes delivered the firm he wanted to do, he clearly had plans for the future but maybe hes better walking away . Clearly that the equation theyve made. At some point investors are weighing up, is it more risky to their investment . Uber has had millions of dollars in investment, even in the last year, uber had more investment than the entire uk start up industry combined. At some point they have said, is it more risky for their money to have him at the head of the company or to remove him . They seem to have decided that removing him is a less risky option at this point. Its taken them some time to get there. There was a feeling that this is the company made in mystic kalanicks image, mr kalanicks image, it was his aggression and cut throat impressions which got the business where it was today said it could harm them if he was amused. But they have if he was removed. But they have if he was removed. But they have taken the decision to remove him. We do not know who the new Chief Executive will be, there area number of new Chief Executive will be, there are a number of high profile free agent at the moment in san francisco. So tricky times ahead. Lets take a look at some of the other stories making the news. Us stock Index Provider msci has agreed to include chinas mainland domestic shares in its Emerging Markets Index for the first time. The move is a Big Step For Beijing as it attempts to open up its Financial Markets and attract foreign capital. Chinas inclusion had been rejected for the past three years, amid worries about regulation and accessibility for global investors. Teslas software chief, working on the firms self driving technology, has quit the firm afterjust six months. Chris lattner was hired from apple, where he led the development of the swift programming language. Tesla says it has hired Andrej Karpathy as the new director of artificial intelligence. Troubled Electronics Giant toshiba is back in the spotlight. Reports say its agreed a deal to sell its semiconductor business. Toshiba needs the cash to cover billions of dollars of losses from its now bankru pt us nuclear unit. Rupert Wingfield Hayes is in tokyo. What do we know about the buyers . Whats happened is that in the end, the Japanese Government has come up with a consortium that its put together, which is backed by Japanese Government backed institutions, plus an american Venture Capital company, and that has now been chosen by toshiba the as preferred bidderfor its memory corporation, its flash memory division. For several months, there has been a stiff bidding, edition between two american bidders and one taiwanese bidder to get hold of tashi buts memory chip division. But that has caused Deep Disquiet here injapan, but that has caused Deep Disquiet here in japan, particularly but that has caused Deep Disquiet here injapan, particularly in the government who didnt want to see this very valuable Technology Going to an overseas bidder. So theyve put together this consortium and surprise surprise today, tashi buts board toshibas board has gone for this. This is about pleasing the Japanese Government, not pleasing the shareholders. That was a very big story today in japan, so the nick a index is down, record highs for the american markets. Lets look at europe, all losses across the board, markets. Lets look at europe, all losses across the boa rd, france markets. Lets look at europe, all losses across the board, france in particular. Energy shares still under pressures of the price of oil should sliding, we have got a weak pound and a concern about the political instability here. Lets have a look at the day on wall street. The recent strength of the us dollar has been a mixed blessing for the us economy, probably helped Keep Inflation down but its not helping exports. The corporate softwa re helping exports. The Corporate Software maker oracle will highlight the second of those effects when it reports earnings on wednesday, likely to show the first quarterly fall in profit in the Yearjuly Peak to the strength of the dollar. More than half of the revenue for the Company Comes from outside america. Investors will be on alert on the Housing Market. Existing data is out and they are going to see that the us is lacking houses for sale which keeps prices higher. Joining us is tom stevenson, Investment Director at fidelity international. Lets talk oil. We mentioned it there, it seems to be the Shale Picture as well, oversupply. It remains a problem. Yes, and partly to do with shale but not exclusively. Weve got oversupply of round the world so youll remember that the Saudi Arabian lead Opec Cartel Cut production in order to put the price up, but a number of countries were left out of that deal, in particular libya and nigeria. Both of those countries are coming back from strife, warfare, and theyre all industries are pumping again. Thats putting too much oil into the global market. So in commendation with the shale supply as well, weve simply got too much oil and the effect is obvious, the price is falling, m5 per at barrow. Despite all of opecs effort. Lets talk about china, and the main market their part of this msci index in the us, how important is this . The second biggest in the World Domestic Market is in china, so World Domestic Market is in china, so its a big opportunity for investors. But only 2 of those markets are held by foreign investors. Now its opening up, this isa investors. Now its opening up, this is a great opportunity for overseas investors and well see a lot of money flowing into the markets because now the msci index is using a lot of the chinese companies, overseas i nvesto is a lot of the chinese companies, overseas investors will be obliged to buy those. Is it safe, though . Safe is not the right word, i suppose. We have that period of time where Chinese Markets we re period of time where Chinese Markets were dreamily volatile. That has been an issue, there are a number of issues, one is corporate governance, the way that chinese authorities regulate those markets, but also, crucially, the access. What was all when there was that the turmoil in the chinese market, a lot of companies have their shares suspended, so investors need to feel they can get their money out. They can now. Good stuff, tom. I know you will come and talk to us about barbie and ken later. Cant wait for that. How sleep became big business. Well meet the man behind a new generation of mattresses giving traditional bed makers nightmares. Youre with Business Live from bbc news. House Builder Berkeley says profits are up 53 for the year. But in a familiar tale its warned that whilst the Housing Market is stabilising there could be tough times ahead. Andrew walker is in our business newsroom. Andrew, it is a familiar tale. Yes, it is, as you say, the bottom line was actually pretty good, a figure of £800 million in profits, well up from the year before. What was down was the value of forward sales, down from three and a quarter billion pounds to two and three quarters. These results for the year up to the end of april, the company says there was quite a bit of disruption to the market around in the aftermath of the time of the referendum, but things have come back since then, the market, they say, has stabilised. In addition, particularly british by the let investors have been affected by the tax changes that have made the market less attractive to them, but that has been offset somewhat, is they say, by the decline in the value of sterling, which has made the market in london, their main focus, more attractive to international investors. Looking forward , international investors. Looking forward, they see some challenges from leaving the european union. About half the workforce they say on their site in london are from other parts of the eu, so clearly Labour Mobility will be an issue for them and they all so say there has been some effect from the decline in stirling, a negative effect, in this respect, in that it has affected the price of some building materials. And this is not something that will go away any time soon, sterling below 1 26 for the first time in more than two months ahead of the queens speech, and other day when sterling will be extremely absolutely. For berkely, i think the big issue is whether or not we can expect to see sterling being stable around this kind of level over a protracted period. They have taken a bit ofan protracted period. They have taken a bit of an impact from the decline in stirling after the referendum on their materials prices. The question is will that now affect fallout as time passes. Thank you. Full coverage of the queens speech later on bbc news. While we have been talking about revivals of toys, barbie and ken, ken getting a makeover, we have had news from hornby this morning, cutting its losses from £13. 5 million to £9. 5 million. Its shares up accordingly. Full details of the website. On the website. Youre watching Business Live our top story. Travis kalanick has resigned as Chief Executive of uber after a series of scandals at the app based taxi service. Last week, he said he was taking an indefinite leave of absence. Today the news is he has resigned. And he might be able to make use of oui and he might be able to make use of our next item, because we are talking about investing in good beds and good pairs of shoes. They say that you should always invest in a good bed and a good pair of shoes, as youre likely to spend most of your time in either one or the other. Our next guest ticks one of these boxes. Hes the boss and co founder of new york based mattress retailer, casper. Constantin eis launched casper in the us in 2014, two years later he expanded his business in europe, it now operates in germany, austria, switzerland, the uk and france. He hasnt done it alone, there is a tea m he hasnt done it alone, there is a team of a few others with him. After a failed attempt to sell itself to us giant, target, casper ended up with target as a partner and investor. It means its mattresses will be sold at the retailers stores. Its latest round of funding Values Casper at around 7