And we look back at the past week in business, when us markets had their worst day since november, and the economy was the main focus in the uk election. Thats all with our Business Editor, simonjack. We always want to hear from you. Its easy to get in touch with the programme just use the hashtag bbcbizlive. Hello and welcome to Business Live. It is friday, we have got that friday feeling. We start in france where the new president , emmanuel macron, says he expects no honeymoon from the public after his first week in power. He now has to try and win a majority in next months parliamentary elections and implement the Economic Policy he says can turn the country around. So what is Macron Economics and can it solve frances problems . Macron calls himself neither right nor left, hes a centrist, and, sure enough, the team he announced on wednesday is a diverse mix of figures from the left, right and centre. He says his Economic Policy is based on the nordic model. Whats that . Basically, it mixes Spending Cuts on the one hand and giveaways on the other. He plans to cut spending by 60 Billion Euros over the next five years. The Civil Service will be hit hard 120,000 jobs will go. But over the same period he has pledged 50 Billion Euros worth of stimulus measures. That includes cutting the Corporate Tax rate from 33 to 25 and lowering the tax burden on households. Its a similar story with free trade. As a former banker, hes broadly for it. But hes also talked about creating a protective europe. As in protectionism. You know how we hear trump saying, by american, by american . Will he wa nts by american, by american . Will he wants us To Buy European. He wants to stop Non Eu Companies taking over key industries. Frances jobless rate is almost double that of germanys at 9. 6 . Many employers blame strict labour laws, like the 35 hour working week. But they are fiercely defended by unions. So where does macron stand . Youve guessed it, somewhere in between. He wants to keep the 35 hour work week, but change the way the law is applied to make it easier to hire and fire. Is it isita is it a tall order . Jean Pierre Lambert is a Managing Director at the Investment Bank kbw. He has to act fast, doesnt he . Do you think the team he has assembled around him will help him crack that really difficult problem of reforming frances labour laws . Plenty of other administrations have failed. He has an excellent economic minister, a Budget Minister who is a rising star in the republican party, and he has got 18 that is ready to fight. The first bite will be the parliament in the elections which are going to take place, will he get the majority . So far the polls indicate he may get the majority, which would be an achievement. Incredible, given this party was only set up just over a year ago absolutely. Not everything in france is decided in parliament, as you alluded. Do you think the timing here is crucial, because if he gets it through in the summer plenty of people will be on holiday and less inclined to strike . A good point yes, a good point, and he has to be prepared to take hard action and face the repercussions if people are fighting, he has to take a hard stance and he is a good character to do that. This is what i dont understand, france runs a deficit, for the uninitiated, that means france spends more than it earns from tax, right . He wants to make these big tax cuts, so they already spend more than they make in tax, can they afford that . He has a Balancing Act to implement. Critical for him is to gain credibility again with germany and because previouS Administrations have tried to deliver, including francois hollande, but did not deliver reform, if he wants the support of germany he needs to be the first to put his house in order, which includes respecting the budgetary rules said added european level, the 396 rules said added european level, the 3 deficit, and he wants also to unemployment because he wants to give more to the young people, 25 unemployment is fairly high. How do you think is planned To Buy European will go down with Angela Merkel . Germany has concerns about non European Companies buying Critical Industries so this issue, i dont think she was that much opposed, it is a subject for discussion, it may happen. Thank you very much for coming to talk to us. Lets take a look at some of the other stories making the news. Greeces parliament has approved a new package of Austerity Measures needed to release the next instalment of its multi billion dollar bail out. Protesters clashed with police in Central Athens as mps voted on the tax rises and further cuts to pensions. Eurozone finance ministers meet on monday to decide if greece has done enough to receive a e7. 5 billion loan plus debt relief. Brazils stock market has plunged amid Corruption Allegations against president michel temer. The main Ibovespa Index closed down more than 8. 8 trading was briefly halted earlier in the day after losses of more than 10 prompted Circuit Breakers to kick in. President temer was forced to deny a Newspaper Report that he had given consent to paying off a witness in a huge corruption scandal. The Supreme Court has authorised an investigation into the allegations. Leaders from the Apec Group Of Asia Pacific Nations are gathered for a summit in vietnam this week. They are pushing to save the Trans Pacific partnership trade deal. Pulling out of it was of course the first action of president trump. Tim mcdonald is in singapore. Good to see you. This is the 11 nation is now going, you know what . Maybe we can do this without the United States yes, it will be an interesting meeting because on the one hand you have the countries hoping to be part of the tpb originally now scrambling to salvage it in some way, shape or form, and on the other hand the us Trade Representative who will represent the president , as you mentioned, who seems to have far more protectionist impulses than his predecessors. Many ministers will try to get face time with him to see if there is wiggle room with his America First policies and to seek a bit more clarity about what they mean, but it seems pretty unlikely there will be any major deal that we might see coming out of this meeting but we at least might get a sense of whether the tpp is completely dead 01 whether the tpp is completely dead or maybe just a little bit alive, and there will also be discussions on the sidelines of the Regional Economic comprehensive partnership, chinas competitive to the tpp. Even nafta might come up given that canada and mexico will be there as well so a lot of the agenda will be keeping a close eye and we will be interested to see what comes out of it. We will talk to use them, have a great weekend lets quickly stay with the markets. That was the dow yesterday closing on wall street, asian market slightly higher. This is pretty much of the back of the better performance we saw overnight on wall street. A moderate recovery. If we look at europe, following suit at the moment, but lets not forget the trump slump has not fully gone away because the scandal surrounding the president S Administration is still pretty much in the headlines. On thursday, the Trump Administration notified congress that it will start talks to renegotiate the north america Free Trade Agreement as soon as practicable. President trump has called the 1990s Nafta Deal with canada and Mexico A Killer of usjobs, and made shaking it up a campaign pledge. Its a big worry for mexicos huge Auto Industry and the global car makers that have invested heavily there, as Michelle Fleury reports. San luis potosi in central mexico. The Auto Industry here has been booming for more than 20 years. The country is now the fourth largest car exporter in the world. But could this boom be under threat . It was meant to be a shining example of free trade, but today its a monument to Donald Trumps brand of protectionism. These steel beams are all thats left of a 1. 6 billion investment that ford was making to build a plant here. Jose puebla 0rtiz shows me the deed to the land he sold to ford. With the money, he bought a truck to work on the ford plant. For a while, life was good but it didnt last. Translation some people came to the plant and sent us home. They said there was no entry any more. The trucks couldnt go in any more, it all collapsed. Not just for the truckers but for everyone. Ford is keen to emphasise the Market Forces which drove the decision to abandon its plant in san luis potosi, but ceo mark fields admits president ial rhetoric is also a factor. At the end of the day, we have to do whats right for our business and of course the administration and the congress, they have the ability to look at tax policy, trade policy etc, and thats the Business Environment that we react to. And now donald trump has set about renegotiating the entire north american Free Trade Agreement, or nafta, but a more protectionist uS Administration could undoubtedly do great harm to many livelihoods in this part of mexico. Michelle fleury, bbc news, san luis potosi. Joining us is lucy macdonald, c10, Global Equities at Allianz Global Investors. Thank you for coming in. Lets talk about the trump slump that we have seen about the trump slump that we have seen this week. There has been some reversal in the markets, why is that . Two reasons, one is that the level of cash is still quite high, around 5 , so there is cash available and i think the second reason is corporate profits are still quite strong so the Earnings Season still quite strong so the Earnings Seasonis still quite strong so the Earnings Season is coming through, broadly across the world we have seen companies upon earnings but also on sales. Those two things mean there are some fundamental underlying strengths, despite the fact that you do have relatively high valuations in the us in particular and the prospect of liquidity being taken out of markets by the fed. So it is going to be between those two factors, in the meantime volatility was very low, we have had increasing spikes of volatility and i think we will get more of that. I noticed yesterday we saw a lot of the emerging Market Currencies go. I asked an expert, why are they dropping . He said, the us. Emerging economies rely on us growth, if the us isnt growing, they are not growing. That is right, yesterday the trigger was brazil, and when there is a concern things tend to correlate, you get the rising volatility and a Rise Population and thatis volatility and a Rise Population and that is what we saw, so all emerging markets behaved as if they were brazil, so in the long term you are right, they depend for their growth on the us. You are going to come back later . We will be talking about some of president trumps policies, including perhaps paid maternity and Paternity Leave for families in the us. We will have to see. Still to come. We look back at the past week in business, when us markets had their worst day since the president ial election, and the economy was the main focus in the uk election. Thats all ahead with our Business Editor, simonjack. Youre with Business Live from bbc news. One of britains airports is moving its control tower around 100 miles away from the actual runway. London city airport is to become the first in britain to abandon its birds eye view of the runway and use Digital Technology to monitor planes remotely. They say it will make managing the planes safer and more efficient. Theo leggett can tell us more about whether this really will make it safer . Yes, that is what they are saying. At the moment at London City Airport as with many others, the controller is looking after the aircraft when it are is looking after the aircraft when itare on is looking after the aircraft when it are on the ground, their movements had to be choreographed carefully as you can imagine and it is done by people looking out of the window basically. What the british air Traffic Control people are trying to do is, instead of having that tower with people looking out of the window, you have a whole range of High Definition cameras and the images from them will be beamed onto a large screened against the wall in this remote controlled centre. These are not Small Screens like with cctv monitoring stations, they are big things that look like windows and they are piping in sound as well so for the controllers it is as well so for the controllers it is as if they are there themselves. And on those screens, they will be able to put up radar data and things like that to make their life easier. What they are saying is that this will be a better solution than having people ina a better solution than having people in a control tower at London City Airport looking out of the window. We have seen what cyber attacks, the havoc they can wreak on services, so what about air Traffic Control, is there not a risk of blackout . This is the obvious concern when you do anything remotely but the people in charge of this say that it is proven technology, it has been used in sweden since 2015, and they say they have a lot of redundant system so if one part, if it goes down, another can take over and they say it will be absolutely safe. Obviously safe. Thank you. Lyon, the Healthy Fast Food chain, wa nts to ta ke lyon, the Healthy Fast Food chain, wants to take on the us. They are helping to Fund Expansion with a £25 Million Investment of cash . We will see if it works. Youre watching Business Live. France gets ready for Macron Economics. But does the new president have the right formula to bring back jobs and growth . And now lets get the inside track. The s p 500 and the dow saw their biggest one day fall since september, this week, as investor hopes for tax cuts and other pro business policies faded after reports that us President Donald Trump tried to interfere with a federal investigation, setting off alarm bells on wall street. And here in the uk, the conservatives launched their election manifesto, with social care shake up as one of their top agenda. With all parties having pledged their election manifestos, what do they mean for people and the economy . Well, lets find out with our Business Editor simonjack. We have dragged simon in on a friday. Im always here on a friday before we talk about the uk ma nifestos, before we talk about the uk manifestos, lets touch on the trump slump. I was interested in what lucy had to say, we should put it in context, there was the worst one day fall for many months on wednesday, down 373 points, but it has been on a hell of a tear them up 16 since the election. When you have had a run like that, people look for moments to take some chips off the table and bank some profit. We have also had incredibly low volatility which is unusual. People got skittish about it. What matters is what you mentioned about a tax reform, if people think that is in jeopardy, that has been driving the market, yes, corporate earnings, but the idea that the burden on businesses will be reduced by major tax reform. Everybody seems to agree in the us that that needs to happen. Even though donald trump might be having his troubles with his fbi director and what have you, if you thought the Tax Reform Plan was in danger you would see some falls in the stock market. It looks pretty well valued and a lot of people think it looks a bit hot. And looking ahead to possible Interest Rate rises by the fed next month, still likely that will happen. The market are figuring 70, 80 probability of that happening and a