Found evidence of a sustained associated with hrt. Two prominent pro democracy effort to hack iphones over a period campaigners are arrested in hong kong, as police ban of at least two years. A planned weekend protest. Will have the markets for you. The european indices picking up on a rally from asia overnight. Some optimism around potential talks to what resolve the us china trade war. Its been a big week in politics here in the uk with the brexit saga and also abroad how does that change the Economic Outlook . Well have Andrew Walker with us to canter through the future for the uk, italy and argentina. Researchers at google uncover security flaws on iphones with hackers potentially getting hold of contacts, photos location data. So today we want to know how quickly do you apply Software Updates . What else do you do to keep data safe . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Happy friday. We start our programme in the us where trade tariffs will be hiked yet again on more goods from china. The latest round will affect another 125 billion worth of products everything from smartwatches to flat screen tvs, footwear to bluetooth headsets. All in all it will mean that a total of 550 billion worth of goods traded will fall under tariffs imposed by President Trump. American companies, and consumers, are feeling the pain. A coalition of us industry organisations has asked mr trump to reconsider his plan. China this time has indicated it wont immediately retaliate with tariffs of its own. In fact, the Chinese CommerceMinistry Says beijing and washington are discussing the possibility of talks next month. With me here is the economist linda yeuh. Thanks for coming on the programme, good to see you. America cannot have a cheap currency, a trade conflict and a thriving economy at the same time. Is donald trump risking recession with these tactics . That is the danger, the us economy is slowing. In fact, is the danger, the us economy is slowing. Infact, globally, growth probably peaked last year in the us, and in this part of the cycle the last thing you want to imposes taxes on everything that trine are ascending to the us. And china is retaliating, not immediately, but they are retaliating in other ways, including increasing costs of what america is selling, as well as some issues around investment. So, this issues around investment. So, this is one of the reasons why us industry groups, and also others, are quite concerned that if the trade war does not get resolved, it is just trade war does not get resolved, it isjust a Downside Risk trade war does not get resolved, it is just a Downside Risk of the worst pa rt is just a Downside Risk of the worst part of the cycle. If you look at the us response, one of the things President Trump has asked, well, tweeted, that the head of the Us Central Bank to do is to do more. He realises in this part of the cycle that confidence is fragile. If you cant get the central bank to do more, that means he may have to change his actions. I think there is quite a lot of impetus in the white house right now to try to get a deal in terms of the level Playing Field with china, and that is the hold up. Its not actually over these levels of tariffs. This is the instrument, the deep underlying problem is that they want this resolved once and for all. I dont think that is possible very quickly. It doesnt appear to be so. Lets talk about Donald Trumps twitter feed. Do you think theres any truth to his claims that his plan so far, his trade plan, has caused the loss of 3 million jobs in china . Has it hurt them that much . There is certainly an impact in china. Its very difficult to know the extent to which it is because of the extent to which it is because of the trade war or because china is also ina the trade war or because china is also in a cyclical slowdown. In other words, in this part of the cycle, of course, taxes and tariffs, and changing supply chains, which is one of the most damaging effects of this trade war, is going to have an impact on chinese exporters and on their employment. But its also the case that the chinese economy is slowing. Now, officialstatistics, we can talk about that another time, but the trend is a slowdown. Its ha rd to but the trend is a slowdown. Its hard to know how much of it is domestic demand slowing, because they are in this part of the cycle, and how much of it is due specifically to what is happening with the trade war. I have no doubt some of it is, just as it is with the us. For instance, the Us Administration has put in 12, 15 billion of subsidies to help american farmers. So there is definitely an impact. Which, again, in this part of the cycle, for the two main engines of growth in the world to be worsening the slowdown, it could lead to recession, may be in their economies. It certainly globally it is having an impact here, as well as germany and elsewhere in the continent. Absolutely, you are right. What do you think we should read on china deciding not to immediately retaliate to the latest round of trade tariffs coming in this weekend . I think that was viewed as quite a positive step in trying to get this resolved. Markets reacted a little bit more favourably. I should say, they were just relieved to have some news that trade talks might resume. You saw that. I think one of the things that has to happen is the chinese and the us have to come to the table to resolve, essentially, differences around trust. In other words, they were very close to a deal a little while ago, but what happened was the americans didnt believe the chinese would go through with what they said. They wanted it legally enshrined in chinese laws. That fundamentally tells you what is wrong with these trade talks. If they cant get to the table and build some trust, they cant actually come to an agreement that can be enforceable. And fundamentally, and i think this is the part where the chinese, we talked about economically why everybody wants it ended, but i think fundamentally this trade war will last even if they come to a deal, because there are us elections next year. But it is also because it isa next year. But it is also because it is a struggle over power. So, this means that right now it is tariffs, it has spread into supply chains, President Trump once American Companies to produce at home, it is over 5g, this is where the current frontier is. And this frontier is going to move. Next year it will be other issues and other ways in which us and Chinese Standards and dominance, and influence, it is going to go on. But i think for all oui going to go on. But i think for all our sakes we should hope that this trade war phase gets resolved. Because the last thing you want is to make global trade restricted and more expensive at a time when, actually, if you look at seven quarters gdp here, the uk is contracting, germany is contracting, it is not a good time to be in a trade war. While ago exactly, stuttering. Thank you very much. Lets take a look at some of the other stories making the news. The uk Prime Minister borisjohnson has said he is to step up tempo on new deal talks. The uks brexit negotiators will now meet their eu counterparts twice a week next month. It follows a backlash from mps and opponents of a no deal brexit against the decision to suspend parliament next month. Japans jobless rate dipped to its lowest level in 27 years injuly, bucking forecasts, while retail sales dropped at the fastest rate in more than three years. German retail sales took a bigger battering than expected injuly. They reveal the biggest drop this year in the latest indication that europes largest economy may well slide into recession. Seasonally adjusted sales fell 2. 2 last month compared withjune, continuing a declining trend since february of this year. Later today well have the latest gdp figures from india. And we could see more signs of a Global Economic slowdown. Suranjana tewani is in mumbai what are we expecting to hear . Well, it is not likely to be good news from these figures. The gdp figures are for the april tojune quarter of this year and experts are expecting it to be around 5. 7 . Compare that with last year, when india was going at about 8 . There isa india was going at about 8 . There is a significant slowdown. We have been seeing it for the last few quarters. There are a number of reasons for this, india is facing a shadowed banking crisis that has dried up lines of credit to businesses to people, so they are buying less homes, less biscuits, they are even buying less underwear. And that has had a big on big industries. So the Auto Industry has seen a real slowdown. The biggest manufacturer has seen a slowdown of 36 in sales injustjuly manufacturer has seen a slowdown of 36 in sales in justjuly alone. Everyone is quite concerned, including the government, who last week, on friday, introduced a raft of measures to try to stimulus growth and revive the economy. Even the other day, the government announced new rules with relation to foreign direct investment, which has been a contentious issue in the past. But it realises it needs to do something to stimulus the economy. Lets look at the markets. Asian shares jumped to a one week high on friday as the United States and china showed a willingness to resolve their trade dispute by returning to the negotiating table, though lingering recession fears temperedsome of the enthusiasm. Tension in hong kong has added to investor jitters. The hang tension in hong kong has added to investorjitters. The hang seng is fairly flat, down just a shade. Their main us indices ended with steep gains. That filter through to europe. We will see how europe is doing. A strong finish on wall street overnight. We will keep an eye on what is happening. We will getan eye on what is happening. We will get an expert take on the market moves in a moment. Security researchers at google have found evidence of a sustained effort to hack iphones. What did they find . Google has a team of researchers called project zero, they routinely investigate other peoples software to try to find security flaws. With the iphone they found that for at least two mac areas in the ios operating system there was a floor where attackers could leave booby trapped websites, and if you visited one of them they could get hold of some of your data from the phone, messages, photos, geolocation data, sometimes even information from some of the apps you are using like instagram or whatsapp. What is unusual about this is that often security researchers find these flaws and they are hypothetical, where nobody has been using them in the wild. But google says this particular flaw was being used the wild. But google says this particularflaw was being used in the wild, they found it being used by criminals. Apple has fixed the flaw, they issued a Software Update in february. If you want to stay safe, always install the Software Updates. Which im sure you always do, ben, you never leave them waiting absolutely not. I love the idea in the wild, the wild west of the internet. Lets get that expert take. The man himself, james bevan from cc la investment management. Lets start with the worlds most profitable company. Well, its not. It is quite opaque. It may be the Worlds Largest company in terms of profits, but profitability is a function of profits relative to revenue. This is a huge company in revenue. This is a huge company in revenue terms. That is what is generating the cash. Lets talk about that cash. Lets talk about how it might be up for grabs. We know that at some point it will be floating, we know that it will have an initial public offering. The whole point has been who is going to get a slice of this pie, where is it going to list. We understand that the favoured venue for the International Listing is likely to be tokyo. That is what the media is reporting at the moment. Thats quite a blow to london, hong kong . New york . It certainly is, i agree. There have been big discussions in london about how Listing Particulars may need to be relaxed in order to ensure that saudi aramco would be welcome. This was a revelation of significant opportunity for companies that would achieve reve nu es companies that would achieve revenues associated with the float. The assumption it is going to tokyo will be a glum piece of news for operators in london. Lets keep this in perspective, us gdp revised down by o. 1 , in perspective, us gdp revised down by 0. 1 , should we be worried . Absolutely not, the trend rate of growth in the us has been around 2 . Ido growth in the us has been around 2 . I do worry that the first half of the year, growth was massaged up by the year, growth was massaged up by the building of infantry is. In other words, stuff was produced, and instead of ending up with consumers and went onto shelves. I think the second half of the year will be quieter. Full year growth of 2 would be a country mile better than many other economies. Very briefly, we dont have much time, Business Investment is falling for the first time in three years. Manufacturing appears to be in decline. Those are not forward looking indicators that appear to be very good for the us economy. Absolutely not. The import indicators say america is going to stop importing the volumes it has had as well. On top of the slowing global economy, that has to be bad news. We should expect a slow economic picture than we have had. Good to see you. Good to be here. Still to come. A big week in politics here in the uk with the brexit saga and also abroad how does that change the Economic Outlook . Well have Andrew Walker with us to canter through the future for the uk, italy and argentina. Youre with business live from bbc news. Registered growth. Its been nine straight months that house prices have barely registered growth. This is according to nationwide building society. In fact, things have looked preety sluggish since the middle of 2016. But there are always things thatll boost the desirability of a home living near public transport, for example. If youre in the capital and near a tube stop for example, expect to add as much as 42,000 to the value of your home. Andrew harvey is nationwides senior economic analyst what signals are you getting from the Property Market . Good morning. Yes, as you mentioned, it has been a relatively subdued picture. We have seen nine months in a row where house price growth has been below 1 . In august, we saw growth of just been below 1 . In august, we saw growth ofjust 0. 6 , year on year, and no change on the month, given normal seasonal factors. I think the picture is one at the moment where activity is relatively subdued. In terms of transactions, we have seen a bit ofa terms of transactions, we have seen a bit of a decline on hmrc figures, although mortgage approvals themselves have been relatively flat. There will be data out this morning which will confirm the picture forjuly. Today we have seen a weakening Consumer Sentiment based on the indicators, suggesting that consumers will be slightly more hesitant in purchasing property. Lets talk about this idea about public transport boosting the value of your home. This is fine if you are living in london, glasgow, manchester, not great news if you are effectively off grid or rural. Just not connected to the public transport network. Rural accessibility is a problem, although there are other factors that will provide a boost to rural areas. Some researchers around National Parks on the benefits to living within those. Its not all bad news if you are in a rural community, but clearly there isa a rural community, but clearly there is a greater dependence on car, rather than public transport. As you mentioned, what were seeing in the big cities is where you do live close to a station, and we do say there is a significant house price premium, they are most prominent in london, as you would probably expect, given the dependence on public transport, where home buyers are willing to pay over 9 more for are willing to pay over 9 more for a property which is within 500 metres of a tube station. Andrew harvey, thank you very much. Plenty more on the website. A story has just gone up. She was own shares taking a kicking as the executive quits with no notice. Shoe zone. More us businesses and farmers say they are suffering from a trade war with china as they prepare for a fallout from a new round of tariffs. Lets look at how the markets are faring. It is pretty much flat. A turbulent month in terms of trade. Volumes have been quite thin. Some of the moves we have seen look exaggerated. But at the moment, the ftse 100 exaggerated. But at the moment, the ftse100 is up just exaggerated. But at the moment, the ftse100 is upjust ten exaggerated. But at the moment, the ftse100 is up just ten little points. Interesting that the pound is up to 1. 21. It has been responding to the twists. It has been a big week in politics for the uk, with the decision to Prorogue Parliament. Lets chew over all of that would undo Andrew Walker. With Andrew Walker. The pound is likely recovering compared to the dollar. It seems to be that the currency reflects how investors are viewing brexit. Absolutely. The pound has very much be in the indicator of what investors think is the probability of outcomes in the whole brexit process. In the past month or so, it has been a false ability of a new deal brexit. The decision to Prorogue Parliament was seen as increasing the possibility, because it reduces the amount of time that parliament has to prevent no deal. We did see a significant, although not a massive fall in the value of the pound. Perhaps markets are taking a bit of comfort from news today that the Prime Minister is intending to increase the intensity