Tech which doesntjust track your heart rate but also tells a woman when shes at her most fertile. When you listen to music do you think about the performer . As jay z sells a stake in his artist led Music Streaming Service, tidal, we want to know, do fans care about the artist or the access . Just use bbcbizlive. Welcome to the programme. Thank you already for those of you who have tweeted about jay z, nothing we can say out loud on the bbc, so send in some comments we can read out lets first of all start with what is going on in terms of global trade. The United States are out, but japan, Australia And New Zealand say their big Free Trade Deal can go ahead anyway. The tra ns Pacific Partnership was aimed at boosting the economics of 12 nations around the pacific ocean. But the new us President Donald Trump has used his first working day in the white house to sign an Executive Order pulling the us out of the deal. The tra ns Pacific Partnership covered about 40 of the worlds economy and could have added 100 billion to the World Economy by 2025. That was what they said and predicted. It was signed by 12 nations in the pacific area at a ceremony in new zealand last year. The painstaking negotiations took seven years, but one reason implementation was delayed was the failure of the us congress to ratify it. China was the biggest economy to not be included, and it was widely viewed as a way to cement trade relations without beijings influence. The us under President Trump now wants to negotiate trade deals on a country to country basis, with a 30 day cancellation clause in case somebody misbehaves. Heres what he said about the withdrawal. We have been talking about this for a long time. 0k. A ok. A great thing for the american worker, what we just did. That was the president of the United States, donald trump. With me is savita subramanian, head of us equity and quantitative strategy at bank of America Merrill lynch global research. Youve got a longer title than he has lets go back to basics, why has lets go back to basics, why has donald trump polled the us out of this deal . I think he just said it, it is about usjobs, and he is wasting no time in fulfilling some of his Campaign Promises to create usjobs growth. So i think that, you know, President Trump is focused on the us worker, he is focused on bringing backjobs to the us, and the tpp represented a threat to the average us worker. I think this is another example of a policy that is good for the mainstream, not necessarily good for wall street, because if you think about the us stock market, most of them are Multinational Companies that have expanded margins from off shoring their businesses and setting up facilities overseas. But i think that trumps motivation and input is here isjobs growth, that that trumps motivation and input is here is jobs growth, that is what he is focused on. And is that the feeling, that it will work . We had figures last week suggesting a huge proportion of thejobs figures last week suggesting a huge proportion of the jobs that america has lost in recent years are due to automation, machines rather than outsourcing to other countries. Outsourcing to other countriesm Isa Outsourcing to other countriesm is a complicated problem, and the thread of Global Overtaking the us is not the only reason thatjobs have gone awake in the us. Man has been replaced by machines in many industries, which is inherently deflationary, but i think what the administration is focused on at some level is creating some healthy inflation which, you know, protectionist policies generally, initially, inflationary, and good for the economy. The risk is, we importa for the economy. The risk is, we import a little under 500 billion worth of goods from china. Our economy is made up, 15 of it, is exports. So the risk is that, will this cramp growth down the road . It is good for Wage Inflation and the us consumer, it creates confidence, but will it actually hurt growth down the road . That is what we are more worried about from the market perspective. One of obamas main drivers with the tpp was to try to encourage american influence in this region, and china was not included. Is donald trump running the risk of being like the bride who leaves her groom at the altar, everyone else has stepped forward, they are ready to sign the deal, and when he doesnt turn up, in terms of damaging relationships with other countries and leaving a gap for china to come in, is that a concern . Im nota china to come in, is that a concern . Im not a political historian or political economist, but i think that, you know, certainly the rationale for tpp initially was to sort of prohibited that thread. I think, from a market perspective, what this represents is risk to multinationals, and it is probably too soon to say whether the other countries can bind together and create a realistic and powerful union amongst themselves if the us is neglected from it and we try to negotiate one time deals, if we have enough negotiating power, this could work. Ok, thank you very much for joining us. Lets have a look at some other stories. Shares in bt have fallen by 15 on the news it has taken a hit of around 180 million after uncovering inappropriate Accounting Behaviour at its italian division. The Telecoms Giant said an internal review had found a complex set of improper sales, purchase and leasing transactions. Bt has now cut its revenue, earnings and Free Cash Flow forecasts for this year and next year. So shares in london down by 15 on that story. Yahoo has posted a 15 rise in revenues to nearly 1. 5 billion for its Fourth Quarter, compared to the previous year. But the once mighty tech giant is being investigated by the us securities and Exchange Commission over two massive cyber breaches. Yahoo is in the process of being bought by us Telecoms Giant verizon for about 4. 8 billion but has now said the deal wont be completed until at least the Second Quarter of this year. And back to south korea, where lg display is also doing well. It reported a record Fourth QuarterOperating Profit ofjust over 778 million due to a pick up in panel prices. The worlds biggest liquid Crystal Display maker said the profit was caused by the upward trend of panel prices and a favourable Foreign Exchange rate. We have covered samsung a lot on this programme recently, and for all the wrong reasons, including Exploding Phones and corruption claims surrounding the boss of the firm. Today we have some good news, because despite all of that, the electronics giant, that side of the business, saw profits Jump Electronics giant, that side of the business, Saw Profitsjump by 7. 2 billion in the last three months of last year. Mariko oi is in singapore, i bet they are breathing a temporary sigh of relief, for now at least, at samsung. Indeed, sally, i think it is fair to say that not many were expecting such strong numbers, but samsung managed to more than double its Operating Profit in the last three months of last year. And that is because it is important to remember that samsung doesnt just make smartphones, we have been talking about the exploding batteries of the galaxy note seven, but samsung also makes chips, as well as panels, and its Semiconductor Unit did very well, and it contributed more than half of the compa nys quarterly and it contributed more than half of the companys quarterly profit, and when it comes to smartphone profits, while Consumers Trust has not been restored yet, some of them started buying cheaper galaxy phones, which helped their profit as well. Challenges still remain, including the Corruption Scandal surrounding the Corruption Scandal surrounding the companys boss. The Corruption Scandal surrounding the companys boss. Thank you very much, mariko, that is the latest on samsung. Injapan, the markets down, weak dollar, strong yen, do i need to say it again . This is how things are going generally, the Dowjones A Little Bit flat, but not far off that 20,000 mark. A bit further away thanit that 20,000 mark. A bit further away than it was a few weeks ago. A bit of a disappointment about trump in terms of not enough news about pushing growth, pushing jobs to the us. Lets look at europe, treading water to a degree at the moment, we have mentioned bt, down in london for very specific reasons, but eve ryo ne for very specific reasons, but everyone keeping an eye on the pound and the Supreme Court decision, which is due in about 50 minutes time, that is about whether parliament will get a say on the triggering of the brexit negotiations. News out of france about Services Sector manufacturing, about Services Sector manufacturing, a bit ofa about Services Sector manufacturing, a bit of a drop off in Manufacturing Sector in france, but still showing growth. Lets look ahead to the us, Samira Hussain is on wall street today. Americas number one wireless carrier, verizon, will be reporting earnings and its expected to report yet another decline in quarterly revenue, but analysts, investors and journalists will be eager to hear about any updates to verizons deal to purchase yahoo and whether the recent Data Breaches have the company thinking twice. Lockheed martin, the pentagons number one weapons supplier, is expected to report a rise in Fourth Quarter revenue helped by higher sales from the f 35 programme, but its that programme that drew fire from President Trump who criticised the excessive costs. Interestingly, the head of Lockheed Martin was one of a dozen Business Leaders that met with President Trump at the white house on monday discussion tax reform for corporations and reducing regulations that impede business investment. Thank you, samira. Joining us is jeremy stretch, we wanted to start with turkey, crete Interest Rate decision due in a couple of hours, and there is a real conflict between the government calling for Interest Rates to be dropped to encourage spending, an economist saying, no, we need to curb inflation, give us the figures. Inflation is running just above 8. 5 , the central bank target is 5 , and it is going up because of the fall in the currency, it has fallen by 6 against the dollar already this year. We have Commodity Price Pressures as well, which are amplified when you translate them into turkish prices. So inflation moving and very dramatically. That should mean Interest Rates will go up, even by at least 1 today, but the government is saying Something Com Pletely government is saying something completely different, putting a great deal of pressure on the central bank governor, so the independence of the central bank is really under threat, just adding to the uncertainty for international investors. This is the government of president erdogan, which is one type of leadership, butjust to say that turkey, we are familiar with all the headwinds, mostly geopolitical. Indeed, we have seen a substantial deterioration in the economic backdrop, irrespective of the currency movement, a substantial fall in gdp in the third quarter, and with the falling currency, the wea kness and with the falling currency, the weakness of the economy, it really does and align the febrile atmosphere in the country, when of course you have the inherent Political Risk which is making investors and stable beyond just the economic dynamics. Another big announcement this morning which could impact the markets is the decision on whether or not the uk government can go ahead with brexit from the high court, what sort of reaction do you think the markets are going to have to that . After the speech from the Prime Minister last week, you could argue that these events have been somewhat superseded, but that is not totally the case, because they could be a risk that the devolved parliaments are going to be given some degree of say by the Supreme Court. If that we re say by the Supreme Court. If that were the case, the old brexit timetable could be thrown out of kilter somewhat, and accordingly that march 31 deadline that the Prime Minister has self imposed would potentially be under threat, so that would push the whole hard brexit story further into the long grass and could encourage a sterling rally. Because scotland and Northern Ireland, wales as well, all saying they dont want brexit, and that would be their opinion if they were given the opportunity by the Supreme Court. Of course, but not only that, the picture is even more complicated in Northern Ireland because of the upcoming election, so that delays the process even further. If there we re the process even further. If there were a role for the devolved parliaments, that throws the timetable into doubt. If not, if we are merely left with saying, were going to go back to parliament and the government puts in a short bill, pushing through with it quickly, than the Market Reaction should be relatively modest, but it is a case of the devil in the detail this morning. Ok, jeremy stretch, thank you forjoining us this morning. Youre with Business Live from bbc news. And now a look at some of the stories from around the uk. We have mentioned the brexit and the Supreme Court ruling. Dixons carphone, britains largest electricals and mobile phone retailer, beat forecasts for christmas trading. The groups Chief Executive officer, sebastianjames, joins us now. Thank you for making the time to see us. Thank you for making the time to see us. Im sure youre pleased to see us us. Im sure youre pleased to see us given the results youve issued. Why do you think the results went 7 why do you think the results went up . Christmas has become promotional trading. Since black friday took off, it is about can you put fantastic deals in front of customers. Because were big and we plan this a year ahead, we put Ground Breaking offers in front of people and i think they reacted well to that. It is about pricing, isnt it . With sterling weakness, are you poised to put your prices up because you will be forced to, frankly . We area bit you will be forced to, frankly . We are a bit different to other industries because our products actually deflate over time. So the same tv, next year is likely to cost thanit same tv, next year is likely to cost than it did this year. On the other hand new technologies come in and they are not really comparable. Although it is a mathematical truth that it will take more pounds to buy more dollars and therefore the kit that we buy, i dont think it will feel inflationary to our customers. You said that generating a successful christmas means planning from january. Have you started planning from now and are you going to stick to black friday . We have seen to stick to black friday . We have seen lots of companies, some big named companies who didnt get involved this year, it did well for you this year, but is that something thats going to continue to be part of your strategy . Yes, we definitely think it is. We love black friday. We plan it well ahead. We work closely with our suppliers and we do huge volumes during black friday. We sold a Dyson Cordless Hoover every five seconds during our black friday period and it is a promotion that we love. For now, thank you for your time, the boss of dixons car phone. Thats a company that is doing well. Good results. Two companies that have come out with bad thus that have hit markets, bt and easyjet. Weve mentioned bt. Easyjet though, its shares dropping 7 . It has warned again about its profits being hit by the weakness of sterling. Easyjet had to warn before today and another warning coming through from the low cost carrier. More news on our website. Youre watching Business Live. Our top story Australia And New Zealand have said they believe a big Free Trade Deal, whi