Election, frances new president Emmanuel Macron looks set to win a landslide in the countrys parliamentary elections. Can he pushed through the major reforms that you promised voters, including Cutting Spending and overholding frances strict laws. Do you still trust the politicians . Do they deliver on their promises . Or do they just say what you want to hear to win your vote . Let us know, use the hashtag bbc Business Live. A very warm welcome to the programme. Do get in touch with your thoughts. The Prime Minister has formed a new government, and today she will be holding her first Cabinet Meeting says the election. Senior ministers reappointed by theresa may have publicly given hubbard backing, but several are reported to have demanded greater influence in return for their support. Meanwhile, the uncertainty caused by the General Election has led Business Confidence in the uk to sink through the floor. That is according to a lobby group that did according to a lobby group that did a poll of 700 of its members. It is the Institute Of Directors, which found a dramatic drop in confidence since thursdays election. Mrs may does not command a majority in parliament, and is hoping to finalise an alliance with Northern Irelands dup. Which has its own economic concerns. As irelands dup. Which has its own economic concerns. Asjoe lynam outlines. In economic terms, Northern Ireland is less well developed than the rest of the uk, all the republic of ireland. It isa uk, all the republic of ireland. It is a small economy, which has low levels of productivity and exports and heavily dependent on the state. Those sectors are apart from the state that it relies on tourism, manufacturing and fruit. They need large supplies of low skilled labour, especially from Eastern Europe and pollen. If britain is to leave the Single Market, and that is the stated policy, the dup may ask ofa the stated policy, the dup may ask of a derogation of labour. They want london to pick up 450 million per year that brussels sensed the belfast in agricultural subsidies. That comes on top of the 1 billion per month that london sends already to belfast. And then there is the political, expect the dup to want a lot more investment in infrastructure. Joe lynam with some of the details as we know them so far. With me is david owen, Chief European economist at the Investment Banking firm. Nice to see you, welcome to Business Live. Running through some of the issues, so much to ring and throwing about whether a deal has been done with the dup. To start off where we are economic league, this comes amid are economic league, this comes amid a changing economic picture, both for the uk a changing economic picture, both forthe uk and a changing economic picture, both for the uk and Northern Ireland, they are really struggling. Yes, the wheels have been coming of the uk more recently, and we had some very disappointing figures in the First Quarter which seem to be carrying on into the second quarter. In terms of Northern Ireland it has significantly underperformed. Even scotla nd significantly underperformed. Even scotland in recent years. I think with the dup there will be a lot more spending with the north America Economy in particular. But it is sort of just about struggling out economy in particular. But it is sort ofjust about struggling out of recession. Compared to the uk, it has done very badly. There is a lot of Horse Trading done right now and in the days ahead. Whilst that is ongoing, Business Leaders have stepped to the Institute Of Directors that confidence has fallen dramatically, more so than after the outcome of the referendum to leave the eu, which is interesting. Brexit secretary david davis told bbc radio that the uk will still continue with its plans to be out of the Single Market. What do you think the outcome will be for brexit . One of them actual things following results on the friday was that there would bea on the friday was that there would be a push for a softer, more managed brexit. We need the eu to agree to that, but a Softer Brexit is certainly on the cards. Being within the Customs Union and having as much access to the Single Market as possible is obviously where we are going. The problem with being inside the Customs Union is you cannot strike new trade deals with other countries outside the eu, and the uk will still have to pay for the privilege of having that access. A Softer Brexit is now what is going to be called for, thats fairly obvious. In terms of the dup, they dont want a hard border between the north on the south of ireland and they still want as much access as well, because they want good to be moving through ireland. From a european view looking out towards the uk, things have fundamentally change. If you are a european leader, you were told that theresa may would approach the negotiations with the hard line. Things have done a 360, and they are saying what they wa nted a 360, and they are saying what they wanted something entirely different. It depends how they play this. If they offer concessions to the uk, you can imagine the scenario where we do not leave the eu at all. That is entirely possible. Is that feasible . I dont think so. I dont think eu will come back with concessions and the uk decides it is not worth going along with this line. We will have to see as soon as those negotiations commence, there is going to be the financials are from and, how we play that. Obviously they dont want to blog about new trading arrangements, until we have settled in principle by financial market. The whole thing is going to be pretty toxic. The bushin is going to be pretty toxic. The bush in the uk will be for a Softer Brexit, that is clear. The eu should recognise that, there should be a transitional phase which will be helpful for many businesses to work out where we are eventually going. Things are three up the moment. Things are very up in the air at the moment. We will talk about the Market Reaction later. Lets look at some of the stories. Ubers Chief Executive could be forced to take a leave of absence under changes being considered by the firm. Reports say the companys board met on sunday, but hasnt yet released details about mr kalanicks future. Other reports also suggest that the companys chief Business Officer may resign as soon as today. Well have more on this from new york in a moment. Jaguar land rover has made a 32 Million Investment in the minicab hailing service lyft, according to the times. Lyft is raising money to help compete with bigger rival uber. Last year it received investment from general motors. Chinese Box Office Ticket sales could have saved the Hollywood Film The Mummy after its weak opening in the us and canada. It brought in 70 million in china and south korea alone setting records for films starring tom cruise in the region. The strong start shows Big Budget Action Adventure Films remain particularly popular in east asia, despite waning interest in north america. I was looking at the wrong camera lets look at what is on the Business Live page. A lot of reaction to the shenanigans over the weekend as far as uk politics is concerned. The pound is steady at the moment. Of course, right next to it, Business Leaders and politicians are calling on theresa may to consider her strategy on brexit. Of course there is a real concern about what the election outcome means for those brexit negotiations that are of course due to begin very, very shortly. That is the top story on the page. The Institute Of Directors poll shows a dramatic drop in confidence following that result of the election. Shares in toshiba have soared today, after reports that Western Digital has raised its offerfor toshibas Chip Business to 18 billion. It needs that money to deal with its failed Nuclear Business in the us. Leisha chi has the details from our Asia Business hub. All of these are just reports but it was enough to send their shares through the ceiling. Exactly, shares rose by more than 9 in tokyo, which shows that investors are cheering the possibility of toshiba getting a good for the Chip Business. They arent very deep financial trouble and they need raise a huge amount of money they are in very deep financial trouble. This chip sale, the worlds second biggest producer of flash memory chips is crucial to that. It is toshibas golden egg. With a Company Planning to raise its offer, it shows the stakes are high. According to these reports, it is a last ditch effort to buy the division. The problem is, any purchase by Western Digital would face major anti trust concerns in america. So we believe that chip maker broad, and a private equity firm called silverlake are actually in the leading to buy this chip unit. Toshiba chairs on the way up, which is unusual because Technology Stocks were falling in asia today of the back of a big fall in some of the value of the big tech names listed on the nasdaq, the likes of apple, microsoft and co. We will talk about that issue in a moment in more detail. The markets we re moment in more detail. The markets were fairly downbeat in asia this morning. That is the close on friday in the us. Lets have a look in the europe right now. So much for investors to get their heads around. The ftse 100 investors to get their heads around. The ftse100 is down by a third represent, no surprise given the turmoil politically in the uk. The one booking the trend is in paris, doing well off the back of that strong result for Emmanuel Macron in the parliamentary elections on sunday. We will undertake that further soon in this programme. And Samira Hussain has the details about whats ahead on wall street today. The big news breaking event this week is the Federal Reserve meeting. Americas central bank starts its two day meeting on tuesday. Whilst other Economic Indicators point to a strengthening us economy, inflation remained stubbornly low. We will find out if Interest Rates are going up find out if Interest Rates are going up on wednesday. Following that announcement, the Federal ReserveChairjanet Yellen is holding a News Conference and guarding that decision. Also happening this week, either is expected to release the findings from its much and as they did report uber. By the former us Attorney General, he was called in to investigate Workplace Culture and practices after allegations of Sexual Harassment at the company. The findings and recommendations for improvement will be presented to uber employees on tuesday. We are going to talk more about that when we look at the business pages in the newspapers a little later. Joining us is david buik from panmure gordon. Good morning, sally, good morning, ben. Interesting weekend. Lets that Emmanuel Macron in perspective, he did a fantasticjob to get a majority just like that. Did a fantasticjob to get a majorityjust like that. But it is all down to whether he can make the unions come to hand and the labour changes, and that is a real problem. We will discuss that in detail about later. So much still to come. A big week as far as they do is concerned. I have just looked that the list. Uk inflation figures tomorrow, a fed meeting in the us on wednesday, uk unemployment data on thursday, we get a great decision in the uk, the markets in japan, get a great decision in the uk, the markets injapan, where to start . Consumer confidence today as well. First and foremost, the iot figure is not surprising, if it is still the same in one month, we have to worry. Consumer confidence is not likely to be good. Inflation has been up towards the 3 level but i think you will find the drop in 5 in oil prices, we may have hit the top for the time being. Employment data may be slightly worse off, but i doubt it very much because i think still we have sufficient business to make it sustainable because it is on a temporary basis. A lot of these are lagging indicators. Very quickly, the fed, i think we have had disappointing, not disastrous, but disappointing payroll figures. Also, rather benign wage inflation. And because chairmanjarlan is so conservative, i think she will not change it this month but leave it until September Janet yellen is so conservative. The Business Leaders are saying they hate the idea of uncertainty in the next three months because it is going to affect investment badly and we need to pick up Consumer Confidence. Until we know how the early stages are going to go between the uk government, david davis particularly, and the eu, people are going to have their pockets on the floor, and that doesnt help. But a Softer Brexit, which you discussed earlier, is inevitable. Particularly of the immigration policy, which will be softened. We saw from air bus that unless you do that 10,000 jobs are under the course in the uk, and that will have a spill over effect for another 100,000 jobs. Long term, it may have the desired effect that will be very good for the uk economy. David, thank you, nice to see you. It is about swapping one set of uncertainty for another. Still to come en marche he won the ppresidency and now looks set for a Landslide Victory in frances parliamentary elections but can Emmanuel Macron push through the tough reforms he promised, including Cutting Spending and reforming frances tough labour laws . Thats all coming on Business Live. Stay with us. Were on bbc news. France in a moment. The result of the uk General Election has resulted in a dramatic drop in Business Confidence according to the Institute Of Directors. They polled 700 Business Leaders over the weekend who warned that quick progress was needed on brexit negotiations. So, how is the city feeling . Steph mcgovern is there this morning. Hello from just outside the Bank Of England where lots of people are starting their working week wondering what on earth all of this Political Uncertainty now means for them . And not Political Uncertainty now means for them . And not least, Political Uncertainty now means for them . And not least, businesses across the country looking at what impact it might have on them. We have gotjustin with us. There are lots of ways at looking at this. One, the currency, we saw some movements last week, but thats sort of stable. And two other areas, confidence and confidence. Business confidence. Consumer confidence. Business confidence weve had the Institute Of Directors report out showing business losing a little bit of confidence, but Consumer Confidence certainly, weve got issues there. Consumers buying less, and heavily indebted and that will impact on you and i spending stuff. That confidence has been hit by uncertainty. We dont know whats going to happen next . Thats the problem. Were not sure what is happening with brexit. What the government is doing or what the government is doing or what the government is. People will say, i will wait. Thats got to change. You wa nt will wait. Thats got to change. You want people to know were heading that in direction and then well invest and then well spend and then youll get external investors come in. Thats it from me here in the city of london. Two familiarfaces, city of london. Two familiar faces, steph and justin. It looks nice in the city of london actually. Theresa may is facing the 1922 committee as its known, the tory backbenchers. A lot of her critics there. The full details are in the website in the coverage of that. It will be an interesting day to say the least