Transcripts For BBCNEWS BBC Business Live 20240714 : vimarsa

Because of strikes in support of the pre democracy movement. Of the pro democracy movement. And markets take fright from all the same, recurring problems. Trade wars, brexit and big currency moves well have the details. With more customers gearing up to buy cars online well speak to the company that bills itself as amazon for cars. But how much are customers missing out by not getting the personal touch in an Old Fashioned showroom . And you can be a part of the conversation. Do get in touch with your views on the stories we are covering or tell us what you are spotting in business. Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. Europes biggest bank is getting a new boss. Hsbc sastohn flint is leaving after 18 months in thejob because it needs a change in leadership to address a challenging global environment. Thats being seen be some analysts as a veiled reference to the us china trade war and the banks reported links to the Chinese Telecom giant huawei. According to hsbcjohn flints departure has come by mutual agreement with the board. The 51 year old has spent his entire professional career at the bank. The compa nys Financial Performance will only increase speculation over his departure. Profits were up a very healthy 18. 1 to 9. 9 billion in the first half of this year compared to the same time a year ago. One reasons why profits up are up is that operating expenses are down 2. 3 , thats been a key focus for the bank as it looks to thrive in that challenging global environment. But the bank is concerned about the future. Last week us Interest Rates were cut to a range of 2 to 2. 25 and the bank says a trend towards lower rates around the world could hurt profits. Lets talk to our Asia Business correspondent karshma vaswani, whos in singapore. Lovely to see you. And im glad to see you, i thought sally was going to chat to us talk through these numbers, its interesting, even everything we had in that statement, there is a look for investors to be nervous and speculating about. Certainly, the outlook for hsbc, for many global banks trying to operate in an increasingly uncertain global outlook, it is not certain. The focus will be today on the surprise announcement thatjohn flint is leaving the bank, given the fact that the results that have come out from hsbc have been relatively positive. In a statement accompanying the results, the bank refers to what it calls an increasingly complex and challenging global environment. As you said, then, the us Interest Rates are on a downward trend, the us china trade war is also worrying many in the investment community. And uncertainty over the outlook of brexit. All of these things, the bank has pointed to in terms of having to meet challenges as it faces them in the months ahead. And although there were no specific reasons for why mr flint is leaving the bank, there has been some suggestion from analysts that he may not have been moving fast enough on reforms at hsbc, and also there have been suggestions around the china focused business for hsbc, because he was focused on growing that part of the business for the bank. According to the financial times, those plans reportedly faced resista nce those plans reportedly faced resistance from the Chinese Government because it is thought beijing was upset according to the ft that it was internal e mails from hsbc that helped the Us Government launch that extradition request for huaweis chief Financial Officer which happened last year at the height of the us china trade war. Hsbc has never confirmed or denied this, but there has been some analysis that this might be the reason why, one of the reasons at least, where he may have left the bank. 50 many intertwined issues, and you touched on that trade war, which inevitably means big moves in currency and for a big global banks like hsbc, that has implications. Yes, what we have seen in the currency markets today is that the chinese currency has weakened against the us dollar, past that all important critical figure of seven, a psychological figure important critical figure of seven, a psychologicalfigure in many ways because analysts say that once it wea ke ns because analysts say that once it weakens beyond this figure, the Chinese Central Bank is likely to allow it so we can even further. It means that when one us dollar can now buy more yuan than it could last week. This week. There now buy more yuan than it could last week. There is analysis saying this isa week. There is analysis saying this is a fightback by china against the trade tariffs from president trump, he said he would put 10 tariffs on 300 billion worth of chinese goods from september, covering everything that china itself to the us. In the past beijing has consistently denied that it manipulates its currency, it says it wants to keep it stable, it has repeated that Statement Today and has also said that perhaps one of the reasons why the currency is weakening is because of protectionism, but did not single out the United States and that statement. Thank you, always a delight to speak to you, unexpectedly or otherwise we will let sally do a little bit of work now. I didnt want to get between you lets take a look at some of the other stories making the news. A strike planned by Heathrow Airport workers today has been called off, as talks continue to stop a further walk out tomorrow. Around 2,500 workers had planned to strike on both days in a row over pay. Britains Busiest Airport cancelled 177 flights, roughly one in seven departures, after the unite Union Rejected a pay offer. But British Airways said it will now reinstate flights from heathrow. Takeaway website just eat, which has been in merger talks with its dutch rival takeaway. Com, has unveiled the new name for the combined firm. Rather predictably theyve picked just eat takeaway. Com. Theyve also settled on a valuation forjust eats stock at 731p a share, but thats lower than the 736p they were trading at when markets closed on friday. That could now open the door to a rival bidder. Sales of Japanese Cars in south korea fell sharply last month as a bitter trade row between the two countries provoked a consumer backlash. Industry data showed toyota sales plunged 32 from a year earlier, while hondas sales slid 34 . South koreans have been boycotting japanese goods after tokyo tightened export curbs on the country injuly. One of asias biggest business hubs hong kong is facing yet more widespread disruption. Pro democracy protesters are causing problems across the city States Transport systems and more than 200 flights have been cancelled at the airport. Violent clashes have broken out between protesters and police. Mariko oi has the latest from hong kong. As you can see, tens of thousands of protesters are gathering at tomahawk here in hong kong. This is one of seven venues for this afternoons rally. Many of them dressed in black, which has become somewhat of their uniform, holding that yellow banner extent against extradition to china. Thats how it started, if you remember, against that controversial bill. Now they are asking for a lot more democratic reforms. And thats despite the governments request not to participate in todays strike. When the government held a press conference earlier today, that message was clear. This strike is bad for the economy. The financial secretary said, the Economic Growth would go into negative with these ongoing protests continuing. And yet, that has really not stopped these people from gathering and as a result, we are seeing the stock market, the hang seng index, down almost 3 after losing 7 over the past month. Of course, the Global Market has been under a lot of pressure because of the ongoing trade war between the usa and china, but even then, that performance is really weak and the Hong Kong Government is clearly concerned. Thats really not stopped these protesters from joining the rally today. She has been across this right from the beginning of the day in hong kong, we are now into mid afternoon, these are live pictures as you can see a very heavy Police Presence there as this general strike has surged in terms of the number of people joining surged in terms of the number of peoplejoining with surged in terms of the number of people joining with those initial protesters to get their voice heard when it comes to this issue of democracy and the exhibition bill. Extradition bill. We will stay right across the story and bring you the latest as we get it across the bbc. Tokyo stocks closing sharply lower at the end of the first session of the new week. Stocks weighed down by a strong yen and following the lead set by wall street amid more worries over us china trade. A strong yen is bad news forjapanese exporters as it makes their products less competitive abroad and also erodes hits profits when that money comes back home. In europe, Services Numbers are expected to show that spain, italy, france and germany all showed evidence of positive Economic Activity in july. In the uk the sector is also expected to just about expand. The pound also had a difficult week, hitting two year lows against the us dollar and getting close to similar levels against the euro, as investors worry about the likelihood of a no deal brexit, as well as a general election. More on that shortly, but first samira has the details of whats ahead on wall street today. On monday, the worlds Biggest Hotel chain, marriott international, will be reporting earnings. Now, higher prices for rooms will likely have boosted profits for the company. But investors will really be looking closely about what marriot has to say for the next quarter in the wake of concerns of a possible Global Economic slowdown. Also reporting earnings on monday, the meat producer tyson foods. And while higher demand for chicken and pork will have boosted sales, investors want to hear about the impact of african swine fever, and what that is doing to their earnings. The fatal hog disease is spreading in china and in some asian countries. Joining us is richard hunter, head of markets, interactive investor. Good morning. A brand new trading week, a lot to talk about, what is on your mind . Yes, we still have the massive elephant in the room, it has been impacting markets in the us and china, it is getting more concerning as time moves on because we had the early canary in the coal mine which was the likes of apple and General Motors and ford, now we have got further tariffs coming along in september, its a question of seeing when we are going to get round the table and we will see some positive news. Us markets have been nudging re cord news. Us markets have been nudging record highs for most of the last few weeks, so its never a bad thing to be letting a bit of air out of the tires, but even though it seems to be ona the tires, but even though it seems to be on a daily basis at the moment, it likes like the us china thing will dominate the headlines. Quick word on those figures, we have seen some european figures . Is a block, second in the world behind the us, if you add the economies together, a good barometer of how the Global Economy is doing. If you put the us and china to one side. Europe over the last decade was a story about reducing debt, the last couple of years when it should have turned from debt mode to growth mode, that has not necessarily have been coming through. Thats why the german pmis are looked at because thatis german pmis are looked at because that is the powerhouse of europe and the leader of wear europe in general is going. We have seen from the European Central bank over the last few weeks, they might put some more monetary stimulus in place to help those struggling economies. Thank you for now. Hell be back to talk through the business pages later. Still to come, with more customers ditching car showrooms to buy their vehicles online well speak to the company that bills itself as amazon for cars. Youre with business live from bbc news. In the uk, rural crime costs the country £50 million a year and its rising quickly, thats up 12 on the year before. And it means farmers are having to spend money on high Tech Security to counter a wave of organised crime in the countryside. So lets speak to sarah hendry, director general, country land business association. Why is there such a rise in crime, what is behind this . Good morning. There are a range of different crimes that affect rural businesses, some analysis that we have done recently shows that we are looking at things like high Tech Agricultural machinery and vehicles being stolen, large scale livestock theft, nasty crimes such as hare coursing by organised crime gangs and a variety of things like that. These are not little local opportunistic crimes, we are increasingly seeing that they are organised, targeted crimes and when you think of the specific circumstances of rural crime, its remote, you might not notice them for a while, its a serious cause of concern and anxiety to rural businesses. One of the things thats very clear in your report is that Police Forces arent equipped to deal with it, many just Police Forces arent equipped to deal with it, manyjust dont have the right skills or training to be aware of the problem. We see some Good Practice across a number of Police Forces. But the analysis we did shows its very patchy across all of them. Across the forces in england and wales, nearly 40 dont have a rural strategy in place despite it being something that chief Police Officers have said they should have, a similar number dont train new recruits on entry in rural crime, a number of them, over half, dont have the right kind of equipment, all terrain vehicles, night equipment, drones, the sorts of things you need to have the to tackle rural crime. We are optimistic that the Prime Minister has announced 20,000 new Police Officers and we hope some of that can be diverted towards rural crime and together with some of these Good Practice measures rolled out across all of the Police Forces, we could see a real difference made. Thanks very much, sarah. Otherstories, see a real difference made. Thanks very much, sarah. Other stories, for example, youre watching business live our top story, the boss of europes largest bank hsbc is leaving by mutual agreeement afterjust 18 months in thejob. The lender says it needs a change in leadership to address a challenging global environment. Lets go live to hong kong, hsbc is no stranger to the city state that this is live pictures of the protesters there. They have called for a general strike and it has become violent as the day has progressed, there are seven different locations at which there are rallies being held. This is all in protest to the extradition bill trying to be put through their legal system, that was some weeks ago. Also it has now become a more broader protest about democracy in hong kong. Full coverage across the bbc. Now, buying a new car is an idea that fills many people with dread. With so many different options to choose from it can be daunting enough to even decide what you want let alone get it at the best possible price. According to research by the Data Marketing Association 59 of uk consumers buy their cars through dealerships butjust 5 bought direct from a website. Perhaps thats no surprise given that deloitte found that 75 of car buyers thought that having a real person to ask questions to was the important of the buying process. But somewhat surprisingly only 16 of uk car buyers used a third party to help them work out the best price for their new car. With us now is james hind, the founder of carwow. We have been saying throughout the programme, you like to think of yourself as the amazon of the car market. Good morning. Just explain how ca rwow market. Good morning. Just explain how carwow works. It works to help you find your perfect new car. You can go on and research, find out about cars on sale, built on your perfect car and compare offers from dealerships, interact with them, test drive and buy the car direct. Consumers use us test drive and buy the car direct. Consumers use us to make sure they are getting the right car for them, having a good price and finding a good dealership. So how do you find the right car . Its pretty daunting knowing what you want, how much youre going to pay for it, how much do you work out the criteria . I assume its more completed than the number of doors and wheels. Its very subjective, you might like the band of the look of it. But there will be practical things like baby seats or a big boot. We have videos for every car on sale, lots of stats as well but its a purely personal choice. What if you wanted to not just look at dealerships, but also private sales, quite often you get better deals there. You wont necessarily get the mark up. Do you ta ke necessarily get the mark up. Do you take that in as well . We are focused on brand new and nearly new cars, nearly new are up to two years old and they have the manufacturer warranty. You can buy safe that your car is not going to break down and you can go to an official dealership if you have a problem. We keep being told that no one is buying new cars, the manufacturer trade body told us recently that car sales are at the lowest level in a long time and thats because of all of the uncertainty because uncertainty with thats because of all of the uncertainty with things like brexit. Also things like uber and car sharing, what does that mean for your business . You have about1 Old Fashioned<\/a> showroom . And you can be a part of the conversation. Do get in touch with your views on the stories we are covering or tell us what you are spotting in business. Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. Europes biggest bank is getting a new boss. Hsbc sastohn flint is leaving after 18 months in thejob because it needs a change in leadership to address a challenging global environment. Thats being seen be some analysts as a veiled reference to the us china trade war and the banks reported links to the Chinese Telecom<\/a> giant huawei. According to hsbcjohn flints departure has come by mutual agreement with the board. The 51 year old has spent his entire professional career at the bank. The compa nys Financial Performance<\/a> will only increase speculation over his departure. Profits were up a very healthy 18. 1 to 9. 9 billion in the first half of this year compared to the same time a year ago. One reasons why profits up are up is that operating expenses are down 2. 3 , thats been a key focus for the bank as it looks to thrive in that challenging global environment. But the bank is concerned about the future. Last week us Interest Rates<\/a> were cut to a range of 2 to 2. 25 and the bank says a trend towards lower rates around the world could hurt profits. Lets talk to our Asia Business<\/a> correspondent karshma vaswani, whos in singapore. Lovely to see you. And im glad to see you, i thought sally was going to chat to us talk through these numbers, its interesting, even everything we had in that statement, there is a look for investors to be nervous and speculating about. Certainly, the outlook for hsbc, for many global banks trying to operate in an increasingly uncertain global outlook, it is not certain. The focus will be today on the surprise announcement thatjohn flint is leaving the bank, given the fact that the results that have come out from hsbc have been relatively positive. In a statement accompanying the results, the bank refers to what it calls an increasingly complex and challenging global environment. As you said, then, the us Interest Rates<\/a> are on a downward trend, the us china trade war is also worrying many in the investment community. And uncertainty over the outlook of brexit. All of these things, the bank has pointed to in terms of having to meet challenges as it faces them in the months ahead. And although there were no specific reasons for why mr flint is leaving the bank, there has been some suggestion from analysts that he may not have been moving fast enough on reforms at hsbc, and also there have been suggestions around the china focused business for hsbc, because he was focused on growing that part of the business for the bank. According to the financial times, those plans reportedly faced resista nce those plans reportedly faced resistance from the Chinese Government<\/a> because it is thought beijing was upset according to the ft that it was internal e mails from hsbc that helped the Us Government<\/a> launch that extradition request for huaweis chief Financial Officer<\/a> which happened last year at the height of the us china trade war. Hsbc has never confirmed or denied this, but there has been some analysis that this might be the reason why, one of the reasons at least, where he may have left the bank. 50 many intertwined issues, and you touched on that trade war, which inevitably means big moves in currency and for a big global banks like hsbc, that has implications. Yes, what we have seen in the currency markets today is that the chinese currency has weakened against the us dollar, past that all important critical figure of seven, a psychological figure important critical figure of seven, a psychologicalfigure in many ways because analysts say that once it wea ke ns because analysts say that once it weakens beyond this figure, the Chinese Central Bank<\/a> is likely to allow it so we can even further. It means that when one us dollar can now buy more yuan than it could last week. This week. There now buy more yuan than it could last week. There is analysis saying this isa week. There is analysis saying this is a fightback by china against the trade tariffs from president trump, he said he would put 10 tariffs on 300 billion worth of chinese goods from september, covering everything that china itself to the us. In the past beijing has consistently denied that it manipulates its currency, it says it wants to keep it stable, it has repeated that Statement Today<\/a> and has also said that perhaps one of the reasons why the currency is weakening is because of protectionism, but did not single out the United States<\/a> and that statement. Thank you, always a delight to speak to you, unexpectedly or otherwise we will let sally do a little bit of work now. I didnt want to get between you lets take a look at some of the other stories making the news. A strike planned by Heathrow Airport<\/a> workers today has been called off, as talks continue to stop a further walk out tomorrow. Around 2,500 workers had planned to strike on both days in a row over pay. Britains Busiest Airport<\/a> cancelled 177 flights, roughly one in seven departures, after the unite Union Rejected<\/a> a pay offer. But British Airways<\/a> said it will now reinstate flights from heathrow. Takeaway website just eat, which has been in merger talks with its dutch rival takeaway. Com, has unveiled the new name for the combined firm. Rather predictably theyve picked just eat takeaway. Com. Theyve also settled on a valuation forjust eats stock at 731p a share, but thats lower than the 736p they were trading at when markets closed on friday. That could now open the door to a rival bidder. Sales of Japanese Cars<\/a> in south korea fell sharply last month as a bitter trade row between the two countries provoked a consumer backlash. Industry data showed toyota sales plunged 32 from a year earlier, while hondas sales slid 34 . South koreans have been boycotting japanese goods after tokyo tightened export curbs on the country injuly. One of asias biggest business hubs hong kong is facing yet more widespread disruption. Pro democracy protesters are causing problems across the city States Transport<\/a> systems and more than 200 flights have been cancelled at the airport. Violent clashes have broken out between protesters and police. Mariko oi has the latest from hong kong. As you can see, tens of thousands of protesters are gathering at tomahawk here in hong kong. This is one of seven venues for this afternoons rally. Many of them dressed in black, which has become somewhat of their uniform, holding that yellow banner extent against extradition to china. Thats how it started, if you remember, against that controversial bill. Now they are asking for a lot more democratic reforms. And thats despite the governments request not to participate in todays strike. When the government held a press conference earlier today, that message was clear. This strike is bad for the economy. The financial secretary said, the Economic Growth<\/a> would go into negative with these ongoing protests continuing. And yet, that has really not stopped these people from gathering and as a result, we are seeing the stock market, the hang seng index, down almost 3 after losing 7 over the past month. Of course, the Global Market<\/a> has been under a lot of pressure because of the ongoing trade war between the usa and china, but even then, that performance is really weak and the Hong Kong Government<\/a> is clearly concerned. Thats really not stopped these protesters from joining the rally today. She has been across this right from the beginning of the day in hong kong, we are now into mid afternoon, these are live pictures as you can see a very heavy Police Presence<\/a> there as this general strike has surged in terms of the number of people joining surged in terms of the number of peoplejoining with surged in terms of the number of people joining with those initial protesters to get their voice heard when it comes to this issue of democracy and the exhibition bill. Extradition bill. We will stay right across the story and bring you the latest as we get it across the bbc. Tokyo stocks closing sharply lower at the end of the first session of the new week. Stocks weighed down by a strong yen and following the lead set by wall street amid more worries over us china trade. A strong yen is bad news forjapanese exporters as it makes their products less competitive abroad and also erodes hits profits when that money comes back home. In europe, Services Numbers<\/a> are expected to show that spain, italy, france and germany all showed evidence of positive Economic Activity<\/a> in july. In the uk the sector is also expected to just about expand. The pound also had a difficult week, hitting two year lows against the us dollar and getting close to similar levels against the euro, as investors worry about the likelihood of a no deal brexit, as well as a general election. More on that shortly, but first samira has the details of whats ahead on wall street today. On monday, the worlds Biggest Hotel<\/a> chain, marriott international, will be reporting earnings. Now, higher prices for rooms will likely have boosted profits for the company. But investors will really be looking closely about what marriot has to say for the next quarter in the wake of concerns of a possible Global Economic<\/a> slowdown. Also reporting earnings on monday, the meat producer tyson foods. And while higher demand for chicken and pork will have boosted sales, investors want to hear about the impact of african swine fever, and what that is doing to their earnings. The fatal hog disease is spreading in china and in some asian countries. Joining us is richard hunter, head of markets, interactive investor. Good morning. A brand new trading week, a lot to talk about, what is on your mind . Yes, we still have the massive elephant in the room, it has been impacting markets in the us and china, it is getting more concerning as time moves on because we had the early canary in the coal mine which was the likes of apple and General Motors<\/a> and ford, now we have got further tariffs coming along in september, its a question of seeing when we are going to get round the table and we will see some positive news. Us markets have been nudging re cord news. Us markets have been nudging record highs for most of the last few weeks, so its never a bad thing to be letting a bit of air out of the tires, but even though it seems to be ona the tires, but even though it seems to be on a daily basis at the moment, it likes like the us china thing will dominate the headlines. Quick word on those figures, we have seen some european figures . Is a block, second in the world behind the us, if you add the economies together, a good barometer of how the Global Economy<\/a> is doing. If you put the us and china to one side. Europe over the last decade was a story about reducing debt, the last couple of years when it should have turned from debt mode to growth mode, that has not necessarily have been coming through. Thats why the german pmis are looked at because thatis german pmis are looked at because that is the powerhouse of europe and the leader of wear europe in general is going. We have seen from the European Central<\/a> bank over the last few weeks, they might put some more monetary stimulus in place to help those struggling economies. Thank you for now. Hell be back to talk through the business pages later. Still to come, with more customers ditching car showrooms to buy their vehicles online well speak to the company that bills itself as amazon for cars. Youre with business live from bbc news. In the uk, rural crime costs the country \u00a350 million a year and its rising quickly, thats up 12 on the year before. And it means farmers are having to spend money on high Tech Security<\/a> to counter a wave of organised crime in the countryside. So lets speak to sarah hendry, director general, country land business association. Why is there such a rise in crime, what is behind this . Good morning. There are a range of different crimes that affect rural businesses, some analysis that we have done recently shows that we are looking at things like high Tech Agricultural<\/a> machinery and vehicles being stolen, large scale livestock theft, nasty crimes such as hare coursing by organised crime gangs and a variety of things like that. These are not little local opportunistic crimes, we are increasingly seeing that they are organised, targeted crimes and when you think of the specific circumstances of rural crime, its remote, you might not notice them for a while, its a serious cause of concern and anxiety to rural businesses. One of the things thats very clear in your report is that Police Forces<\/a> arent equipped to deal with it, many just Police Forces<\/a> arent equipped to deal with it, manyjust dont have the right skills or training to be aware of the problem. We see some Good Practice<\/a> across a number of Police Forces<\/a>. But the analysis we did shows its very patchy across all of them. Across the forces in england and wales, nearly 40 dont have a rural strategy in place despite it being something that chief Police Officers<\/a> have said they should have, a similar number dont train new recruits on entry in rural crime, a number of them, over half, dont have the right kind of equipment, all terrain vehicles, night equipment, drones, the sorts of things you need to have the to tackle rural crime. We are optimistic that the Prime Minister<\/a> has announced 20,000 new Police Officers<\/a> and we hope some of that can be diverted towards rural crime and together with some of these Good Practice<\/a> measures rolled out across all of the Police Forces<\/a>, we could see a real difference made. Thanks very much, sarah. Otherstories, see a real difference made. Thanks very much, sarah. Other stories, for example, youre watching business live our top story, the boss of europes largest bank hsbc is leaving by mutual agreeement afterjust 18 months in thejob. The lender says it needs a change in leadership to address a challenging global environment. Lets go live to hong kong, hsbc is no stranger to the city state that this is live pictures of the protesters there. They have called for a general strike and it has become violent as the day has progressed, there are seven different locations at which there are rallies being held. This is all in protest to the extradition bill trying to be put through their legal system, that was some weeks ago. Also it has now become a more broader protest about democracy in hong kong. Full coverage across the bbc. Now, buying a new car is an idea that fills many people with dread. With so many different options to choose from it can be daunting enough to even decide what you want let alone get it at the best possible price. According to research by the Data Marketing Association<\/a> 59 of uk consumers buy their cars through dealerships butjust 5 bought direct from a website. Perhaps thats no surprise given that deloitte found that 75 of car buyers thought that having a real person to ask questions to was the important of the buying process. But somewhat surprisingly only 16 of uk car buyers used a third party to help them work out the best price for their new car. With us now is james hind, the founder of carwow. We have been saying throughout the programme, you like to think of yourself as the amazon of the car market. Good morning. Just explain how ca rwow market. Good morning. Just explain how carwow works. It works to help you find your perfect new car. You can go on and research, find out about cars on sale, built on your perfect car and compare offers from dealerships, interact with them, test drive and buy the car direct. Consumers use us test drive and buy the car direct. Consumers use us to make sure they are getting the right car for them, having a good price and finding a good dealership. So how do you find the right car . Its pretty daunting knowing what you want, how much youre going to pay for it, how much do you work out the criteria . I assume its more completed than the number of doors and wheels. Its very subjective, you might like the band of the look of it. But there will be practical things like baby seats or a big boot. We have videos for every car on sale, lots of stats as well but its a purely personal choice. What if you wanted to not just look at dealerships, but also private sales, quite often you get better deals there. You wont necessarily get the mark up. Do you ta ke necessarily get the mark up. Do you take that in as well . We are focused on brand new and nearly new cars, nearly new are up to two years old and they have the manufacturer warranty. You can buy safe that your car is not going to break down and you can go to an official dealership if you have a problem. We keep being told that no one is buying new cars, the manufacturer trade body told us recently that car sales are at the lowest level in a long time and thats because of all of the uncertainty because uncertainty with thats because of all of the uncertainty with things like brexit. Also things like uber and car sharing, what does that mean for your business . You have about1 Million People<\/a> buying cars each year, but the vast majority of people use a car every day, to commute to work or take the kids to school. We dont think the impact of that great and we dont think that brexit will decrease car sales that much. Most people buy a new car on finance three years at a time, and then they give the car back. The people are still going to need a car. You are doing well, you have a Youtube Channel<\/a> which rivals things like top gear, you started this when you were 22 in your parents bedroom . Theyre at it, not their bedroom how did the make a success . Yes, we started it in the attic, i didnt know what we wanted to do after university. I didnt have any net money or knowledge but anyone can do it or if you put your mind to it. Thats you and your girlfriend, that was ten years ago and youre still together, getting married soon . Yes, we are engaged, soon lets get the latest now in our ceo secrets series where Company Bosses<\/a> give you their tips for success. Kite oniwinde used to represent Great Britain<\/a> at athletics until injury cut her career short. Shes set up a social network designed to help young, black professionals, like herself, to advance their careers. On myjourney, on my journey, ive on myjourney, ive had so many knock backs, people tell me im not good enough. And ive had proper setbacks, its taken me months to recover. Theres so many moments where you will be knocked back as a ceo or founder in general, but you have to know that why you started the company, that you do have the ideas and you are more than capable to go forward. You shouldnt let anyone bring you down. What a great idea. Richard is back as promised. Looking at this independent article, when measuring the economy, numbers are no longer good enough, whats wrong with numbers . Its arguing that economic, some of the Economic Data<\/a> we re economic, some of the Economic Data<\/a> were used have not kept up with where we are. For example, gdp doesnt necessarily reflect whats happening in services, and about 80 of our economy is in services. It doesnt mention inflation, at least the inflation basket of goods is updated regularly. The other thing it points to is this us number. The us unemployment is measured differently to ours, the Unemployment Rate<\/a> is a factor of those people actually looking for work. And what this article is suggesting is theres a lot of people within the working age quite simply not looking for work actively, so the states is aware of them but they dont actually get counted in the very low unemployment numbers we see at the moment so perhaps its time to think about revising some of the Economic Data<\/a> reuse. Sounds like a good idea to me. Number crunches take note. We have to keep updating it to see how the economy works. Thank you, richard. We just want to take you back to hong kong, continuing cove rage back to hong kong, continuing coverage on the bbc throughout the day. These are live pictures, organisers say 14,000 people have joined a citywide strike today. That in those ongoing demonstrations in the citystate versus the concerns they have, pro democracy against the laws imposed by china. Carrie lam, the chief executive of hong kong, was appealing for people to not go to the strike today, she wants business to go on as normal but you can see that we are far from that. We will see you again tomorrow same time, same place. Good morning. Low pressure is in charge throughout this week meaning its going to be quite unsettled. Sunny spells in charge at the moment. You can see the satellite at the moment, there is cloud across the moment, there is cloud across the uk, that is around a low pressure the uk, that is around a low pressure system in the atlantic which which is moving eastwards. The scotland and Northern Ireland<\/a>, heavy showers, sundry times, slow moving with light winds. A band of showers clearing away in england and wales, sam chan into the afternoon, breezy conditions, the odd shower. Sunshine into the afternoon. Through tonight, the showers will continue in scotland and Northern Ireland<\/a>, then a few more showers into the south west. For many of us, a dry and clear night, temperatures down to 15 degrees, quite warm for some of us particularly across the south east. This is the area of low pressure moving its way very gradually eastward, but predominantly the centre will be over scotland, and Northern Ireland<\/a>, meaning showers on tuesday will be fairly slow moving. Heavy and sundry at times. A scattering of showers for england and miss, hitand miss, breezy across england and wales. That will push the showers through quickly. Maximum temperature is low 20s. Into wednesday, the low pressure system is still there and it will bring a few showers into scotland, Northern Ireland<\/a> and northern england, rainfall in places where you dont really wa nt rainfall in places where you dont really want it in northern england. Further south, it should be a little more dry, sunshine here, maximum temperatures 19 to 23 celsius. As we going to the end of the week, this area of low pressure will move from the south, strong winds, heavy rain spreading north and east across many parts as we go into the weekend. It will remain very unsettled by the end of the week. Thursday not looking too bad, dry with some sunshine. Friday, wet weather moving m, sunshine. Friday, wet weather moving in, some of the rain could be heavy or thundery. Youre watching bbc news at nine with me, Rebecca Jones<\/a> the headlines. Us Officials Say<\/a> a mass shooting in texas in which 20 people were killed is a case of domestic terrorism. The gunman, who is said to have called it a response to the hispanic invasion of the state, could face the Death Penalty<\/a> after being charged with capital murder. A six year old boy is in a critical but stable condition after allegedly being thrown from the tenth floor of the tate modern art gallery in london. 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