after a frantic sell—off in us equities sent the dowjones to its biggest loss in six and a half years. meanwhile, the business times strikes a more optimistic tone, arguing that nothing has changed on a fundamental basis within the world economy and that markets needed a little time to catch a breather and re—balance. the front of city am carries a plea from brexit eu negotiator michel barnier to uk prime minister theresa may to make a choice on what customs arrangement britain wants after it leaves the european union. the independent looks at the reaction from the uk after us president donald trump attacked the national health service in a tweet claiming it is "going broke and not working". and finally the telegraph leads with a call by campaigners to pardon the suffragettes who were jailed while fighting to win the vote for women. today marks the 100th anniversary of their victory. as promised, lawrence gosling is

back. many of our viewers are with you and are saying you are the voice of calm in the midst of this 24—hour manic selling session. this is a bloomberg's latest line, as it were. it is hockey what is going on in asia. the stock plunge is deepening, it says. it is very kind of florid, almost emotional language. bloomberg talks about emotional seller. for those of us with market experience, the panic time was about ten years ago, when the whole financial system was genuinely in danger of melting down, because the banks, in particular, was so highly levet. now we are seeing a

particular, was so highly levet. now we are seeing a pause, particular, was so highly levet. now we are seeing a pause, it is a porsing market because they have gone really well for nine years —— pausing. markets are very emotional, they are not rational sets of people trading with each other. i think it isa trading with each other. i think it is a pause, not a crash, not a correction, not a panic. many are saying that point, david from motley fool made the same point. he said it was a good time to get in and buy. because when you look at the company split was earnings in the corporate results, most of them are doing well, it's not beating expectations, and their outlook is fairly bullish —— companies because earnings. and their outlook is fairly bullish -- companies because earnings. one thing that makes me smile. there has been this recovery in the stock markets but the wages have not seen. we seen in a little tick up in that

wage growth in the us and there is a little bit of panic. i would think that was good that us economy. let us that was good that us economy. let us remind ourselves that economic theory, though it changes all the time, but when i was studying it said ina time, but when i was studying it said in a healthy economy interest rates were around about 4%. worldwide they have been at historic lows for a long time, which implies things have not been healthy. if we look at the business times, analysts welcomed the correction. all run still intact. what is your thinking on that? will we see share markets go on that? will we see share markets 9° up on that? will we see share markets go up and up once this fever pitch downturn comes to an end with a leather is a basic theory about markets, bull runs do not run out of stea m, markets, bull runs do not run out of steam, they change because something else tips over. we have a synchronised global recovery, it is relatively strong in the us and stronger in continental europe. asia has been strong. we have a way to go

on this bull market run. how long it i’u ns on this bull market run. how long it runs for, i would guess a good chunk of this year, in reality. when we start to see significant companies report declining earnings that could bea report declining earnings that could be a triggerfor a more report declining earnings that could be a trigger for a more fundamental rebalancing. at the world economic forum, where the imf released its report, others were talking about the sweet spot we are in at the moment when it came to the global economy, and many of them were saying that they don't feel it will be around for a long, long time, it could be one year, maybe two, and then things will change, because it isa then things will change, because it is a cyclical recovery, a ten year recovery. you are —— your thinking on that? if you look, there is roughly 18 years rise, a pullback, and then an uptick again —— came here. europe had a rough date yesterday. nothing like what was

seen yesterday. nothing like what was seenin yesterday. nothing like what was seen in the us and asia. yesterday. nothing like what was seen in the us and asiali yesterday. nothing like what was seen in the us and asia. i think we will see a reflection of asian markets. a little pullback. i think we have probably got a couple of days of this. probably by thursday we will start to see some buying coming back into the market.” we will start to see some buying coming back into the market. i can hear people making their decisions as we speak. we move city am. a picture of uk prime minister theresa may with a bit of a look on her face. make your mind up time, in bold. the new negotiator warns that it is time to decide on a brexit plan. people have been saying that, from all quarters. this is so much about the language, the prime minister has said we do not want to be part of a customs union of any form, then they talk about a customs arrangement to give the uk access to the european economy post—brexit. this is where the semantics leave a lot of people cold. and importantly

leave business struggling to think how do we plan for the future, we are not entirely sure where the government is going. i suspect the governor does not entirely know itself. it is a constant battle of negotiation. within its own party, that seems to be the toughest battle for her, within the conservative party. the problem is, we have an eu summit coming up in march. you really get a sense of the frustration in the quarters in brussels, michel barnier, in particular, they really wanted to get going. he seems to have quite a decent working relationship with david davis and mrs may herself, but the noise back home in the uk is very contradictory. that is the frustration, i would guess. very contradictory. that is the frustration, iwould guess. let very contradictory. that is the frustration, i would guess. let us move on to donald trump. having his say about the national health service in the uk. he tried to change things in the united states,

obamacare, as it were, and did not pull that off. he is pointing the finger at our system. again, he is picking an incredibly politicised point for the uk. we are all great lovers of our national health system, universal care. it is a love hate relationship. it is. as great as it is there is a kind of frustration about it. is exporting this his own purposes. this is a uniquely british thing —— he is exploiting this. there is a feeling that he should not be picking his nose in. it is an interesting scenario. he met with theresa may in davos and they had their first meeting together since the previous twitter event where he was retweeti ng twitter event where he was retweeting far right material and theresa may had to counter that with the thoughts on doing that. the relationship has not been that great. they have that press conference in davos where they looked like they were back on track.

talking of him coming here for a visit, and now this. the special relationship is becoming the strained relationship on a kind of regular, weekly basis. for theresa may it is not what she needs. an ally upsetting those back in the uk. the suffragette should be pardoned. that is the front page of the daily telegraph. many would absolutely agree with that. 100 years now since their success. it is worth remembering that 100 years ago it was only partial voting for women. you had to be over 30 and owned land or property. in order to have a vote. the universal vote did not come in for another ten years, 1928. there is an irony of the daily telegraph living with this. i suspect if we went back 100 years they would not have been the biggest advocate. they probably would not have had such a positive picture of two of the suffragette is on their

page. maybe the wheels are turning slowly on the gender debate, even on me daily telegraph. it is interesting. last week, most of the headlines were about the gender pay gap, the divide, the argument within the bbc and elsewhere. this does remind us that there has been a loss of change and enormous progress, but there is a long way to go. -- a loss of progress will stop you might say a lot of change in a short space of time, but 100 years feels like many generations of women who firstly did not have the vote and now, quite rightly, pushing for equal pay in the workplace. and that is just the start of the kind of equal rights women are looking for. thank you. it has been good to have you. the voice of calm, as it were. they give your comments and your contribution. see you soon. remaining called for much of this week. snow in the forecast. that

will cause many of you problems on the roads to start tuesday. a cold, frosty one elsewhere. there should bea frosty one elsewhere. there should be a good deal of sunshine around as well. scotland and northern ireland, through because of the night, by tuesday morning first thing the snow will be lying across northern england and wales. maybe some rain to lower levels. sleet and snow to the high ground, plenty of showers behind this. skyers will be brightening up, gradually, through because of the morning —— skies. these are snow showers, also hail mixed in, they will be adding to the accumulations of snow. it will be a very cold start. you can see the blue, tim temperatures subzero for many, even by eight a.m.. the weather front will be across northern england, parts of wales, the sleet and so could cause some problems. the east it is cold and frosty, but a largely dry start with sunshine. you will be scraping those

ca rs sunshine. you will be scraping those cars first thing before heading out. it looks like that band of rain, sleet, and so will fizzle out as it reaches the midlands. ahead of it there will be sunshine for east anglia and the south—east. further north and west, apart from a few wintry showers, there should be a good deal of sunshine, but it will be cold. the weather front will invigorate a little bit, it clears out and then behind it will leave widespread clear skies. a cold night into wednesday morning, probably the cold est of into wednesday morning, probably the coldest of the week which averages well below freezing out of town. a ridge of high pressure. we should see some good spells of sunshine on wednesday before this weather system brings stronger winds, cloud, and outbreaks of rain to the north and west of the uk. with it, slightly milder air. it will be brief. cold airwill be milder air. it will be brief. cold air will be backed by the end of the week and into the weekend. a cold and frosty start across the board on wednesday. plenty of crisp winter

sunshine. for scotland, northern ireland, and eventually the north—west of england it will turn cloudy with outbreaks of rain. mainly of rain that sleet and snow to the hills as the starts to get milder. into thursday, we are into that less air. but it will be a cloudy day. by friday, a ridge of high pressure comes in. plenty of crisp winter sunshine. the cold air begins to move in from the west. hello, good morning. this is brea kfast hello, good morning. this is breakfast with steph mcgovern and louise minchin. growing division within the conservative party over brexit as theresa may is urged to sling out so—called hard brexiteers. the conservative mp and remain campaigner anna soubry is said the cabinet were in hock to the likes of jacob rees—mogg and borisjohnson, who she said weren't proper conservatives. it's about time theresa may stood up

to them and slung them out. good morning, it's tuesday the sixth of february. also on the programme this morning, on a new fight for justice by