Later well be live in davos where for the first time in the history of the event a chinese president will attend. Well be getting the inside track on what this tells us about chinas Global Business ambitions. And its being reported that flying cars could be about to take off for real. Today we want to know what sci Fi Technology you would like to see becoming a reality . Let us know. Just use the hashtag bbcbizlive. Good to have you with us. A warm welcome. Theresa may will today deliver a highly anticipated speech on the uks future outside the European Union. That will be in just a few hours. The speech will focus on Global Britain and how the uk can be an outward facing nation as it seeks new post Brexit Relations with its trading partners. Reports over the weekend suggest the british Prime Minister will use todays speech to signal the uk will pull out of the eu Single Market, although Downing Street described this as speculation. It was all over the papers on the weekend, various le
step back, even if you got the fed to start cutting rates substantially there is not a whole lot of room to cut rates and, historically in the last ten years the fed s cutting of rates hasn t had that big of an impact. so i can see why the president is pressing them and would like them to give his political campaign a boost, let s say. but i don t think that that will do that much. sandra: you are familiar with andy potts and r. former business plan, we chat with him offer. he penned an opinion piece in the wall street journal this morning, recession fears are overblown. he comments that the yield curve which a lot of folks have been looking out at some sort of indication that a recession is coming and it makes the case so that s no longer a reliable predictor. he points to gross domestic product. at 2.1% growth in the second quarter, consumption numbers look strong.
things like the services sector which is growing and growing in china. that s actually at a 11-month high. that s what they want to see. this whole transformation of the economy is aimed at boosting the service sector, getting away from exports. so when we see exports down, consumption numbers looking better, that s actually the way policymakers want the economy to go. it s just pretty rocky at the moment. and bigger problems with the real estate bubble and infrastructure. the stock market seems way down the list. andrew stevens live in hong kong. after two days of rare, high-level talks, north and south korea have reached an agreement to ease tensions on the peninsula. south korea has agreed to stop playing propaganda broadcasts over the border, and an official says the north has apologized or expressed regret over recent land mine incident which wounded two south korean
jenna: we are keeping an eye on the growing battle in massachusetts where the city of concorde is implementing a municipal ban on all bottled water sales. critics are calling it just another example of the united states run amok. rich fields joins us with more. what is the deal here? welcome you can buy soda and sparkling water, but you cannot buy smaller bottles of water. when you do buy a bottle of water, the town voted to hide the sale of it. basically you are depriving people of their consumer choice. it is only hurting the local markets, as you can just leave town with consumption numbers, it s a popular product. they also talk about depriving consumers of the health benefits as well. do we really think that we
die. it s sort of chugging along. this is really in my opinion disappointing, we have great new technologies, the cloud, the smashing phone, the tablet, fracking, nan technology, all of these great new things that should be creating jobs and growth, but i believe that the size of the government, the spending, the future taxes we re worried about, the healthcare act, all of these things have created uncertainty and they are holding the economy back. so we re growing way less than we should even though we re growing. martha: let me stay with brian for just a second. you said that you think this recent slow down, this number the 1.5% is a reaction to the supreme court ruling on obamacare? well if you go back and look, just as we went into the first and then into the second quarter the closer we got to the supreme court ruling we saw initial unemployment claims start to come up, we saw some consumption numbers and investment numbers