to clamp down on immigration. he said he'd had a good meeting and the existing laws had been broken for decades. many lawmakers want to see an end to the policy of separating migrant children from their parents. stock markets have fallen around the world after the us threatened to impose more tariffs on china. beijing says it will respond in kind and has called on president trump to be more rational. and a clip of the french president has gone viral. emmanuel macron was far from impressed when this teenager addressed him informally as "manu", during an official visit. putting the boy firmly in his place, mr macron told him "you call me mr president." that's all from me for now. stay with bbc news. and the top story here in the uk: the government has announced a review of the use of cannabis for medicinal purposes. it follows a series of appeals from parents who want their children to be able to access drugs derived

from the banned plant. now on bbc news all the latest business news live from singapore. us stock markets tumble but asian equity recovers as further tariffs on chinese goods from the us. beijing accuses washington of blackmail. football fever is running high. world cup goals. good morning asia, hello world, glad you could join us another exciting world asia business report. in early

trade, we are seeing asian stocks recovering despite china accusing the us of starting a trade war. all this comes after president trump said he was prepared to impose ta riffs said he was prepared to impose tariffs on additional $2 billion of chinese products on top of those due to ta ke chinese products on top of those due to take effect next up on $50 billion worth of goods. it says washington is using extreme pressure and blackmail in. peter navarro has said multiple runs have yielded no progress. “— said multiple runs have yielded no progress. —— rounds of negotiations. the second look at the us markets. —— let's look. in early asian trade we are seeing the reverse in asian trade. they are currently in

positive territory. these numbers are from yesterday but according to the updated numbers, the nikkei is up the updated numbers, the nikkei is up and australia's snp is in positive territory. we will give those numbers later in the programme. trade tensions and disputes what is next? a trade war? it really depends if we get to that stage. still have some time but all we come up stage. still have some time but all we come up with a resolution between china and america and i think both sides will come to their senses. they are like sumo wrestlers, they get to the middle of the ring, they do some chest pumps and eventually they go back to their respective corners and lead a normal life after that. eventually one side or both sides will back down and make concessions. a couple of weeks ago we saw the trump administration make that concession on zte and now they

are paying a fine. we've seen this with the trump administration. they make a ridiculous stands first of all. something quite outrageous and then come up with a resolution. the other side will meet them halfway and then we will meet have some sort of resolution. tough rhetoric, and then lets sit down and talk. of resolution. tough rhetoric, and then lets sit down and talklj of resolution. tough rhetoric, and then lets sit down and talk. i would not call it crying wolf but it is a tactic the trump administration likes to use and when we have a look at this and how the markets have that, it is quite normalfor at this and how the markets have that, it is quite normal for the markets to react this way because it ate the uncertainty —— hates. we must not mistake a cold for influenza or vice—versa. at the moment we have a runny nose. donald trump is calling it the art of the

deal but given this situation and this current landscape and the volatility, it is a trader ‘s market. absolutely and i have been using the opportunity to buy shares. i investing for the next 20— a0 yea rs i investing for the next 20— a0 years and also for my children so this is really just years and also for my children so this is reallyjust a blip and were looking at another a days of this administration and when you look at the amount of time will be investing it is really just the amount of time will be investing it is reallyjust a blip. how can asia economies protect themselves from all of these volatility? this is an interesting question and it depends on how far we go with these tariffs. asian economies are already seeing some kind of impact. we are seeing some kind of impact. we are seeing a withdrawal of $19 billion worth of goods. money coming out from the emerging markets in asia...

capital flight. it is capital flight and it is partly because of the rising us dollar and rising interest rates. so people say why do i invest in emerging markets when i can do that in the us treasury. david gove is right, it is a trader ‘s market. after the markets that have been down over the past several sessions, they are looking for opportunity. all gaining points. in asia. so far so good. a positive day for the markets this wednesday session. to us so you were markets this wednesday session. to us so you were telstra is to lay off a thousand jobs as part of the strategy to simplify business and staying competitive. —— 8000. so

many people losing theirjob, i ensure profitability is down significantly? it has been struggling. 8000 jobs is about a quarter of its workforce. it is going to have quite a few more cost—cutting and in addition to that it might sell off a few assets as well. it was once very powerful within the telecommunications market. it was the government utility privatised in the late 19905 and had a very powerful place in the market recalls it had done a lot of infrastructure and just over the past decade, the market has become fiercely competitive and it is having a much harder time and in addition there is now the nbn which has effectively turned it into a reseller and at this point inve5tor5

are expecting to make painful changes and the question is whether it makes the right ones. a lot of lost job5 it makes the right ones. a lot of lost jobs for telstra over the it makes the right ones. a lot of lo5tjob5 for telstra over the next few months. telstra laying off 8000 employees. for full fever is few months. telstra laying off 8000 employees. forfull fever is running high. -- employees. forfull fever is running high. —— football fever. it is arguably the world ‘5 largest sporting event and corporate spon5or5 sporting event and corporate sponsors a rout but it does not come cheap and we are seeing an increasing number of chinese spon5or5 increasing number of chinese sponsors in the mix. despite that, reve nu e5 sponsors in the mix. despite that, revenues have fallen because of the recent scandals fifa has been involved in. why are some of the major multinational sponsors of not that this event? into the

combination. fifa had challenges at few years ago with a well—documented bribery scandal and a new administration has been working hard to go past that. the other one is that the host itself, russia, is clearly a sensitive and ethical issue, similar to qatar and it has given other brands from other parts of the world and opportunity. clearly china is the big winner here. they have stepped up in a massive way and there are a few reasons behind it. there are chinese brands who won the big global champions, similar to what we have seenin champions, similar to what we have seen in the past 10— 20 years with japanese and korean brands. the major chinese sponsors, are they

outspending their western counterparts? the dollars going to fifa. .. counterparts? the dollars going to fifa... even though they may be behind the last world cup, it is a significant amount of money but the additional spend over and above varies country like country serve the chinese brands will target particular regions more than others so it is hard to tell during a world cup. you will see this kind of numbers after the world cup. when you watch press conference as and you watch press conference as and you look at the background it is splattered with so many chinese companies. are they here to stay? several have signed long—term contracts. wonder has signed up till 2030. reportedly $100 million a

little more than 200 per year. leaders in silicon value including tea m leaders in silicon value including team boc and mark zuckerberg have waived in on the white house refugee policy. a condemned the move to separate children from parents at the us mexico border. saying they need to stop this policy right now. thank you so much for investing your time with us. all the world cup action coming up next. see you soon. the top stories this hour: president trump has met us lawmakers to discuss his controversial plans to clamp down on immigration. many want to see an end to the policy of separating migrant children from their parents. us stock markets have fallen out of

fears that there will be a trade war between china and the united states. the grenfell tower enquiry has been shown video taken by firefighters as they entered the block as the fire began. they managed to put out the kitchen fire which started around the kitchen fridge but it then spread across the wall and buildings. at about seven minutes past one, firefighters entered the flat. the first footage of the grenfell tower fire from the inside. firefighters enter flat 16 on the fourth floor. now you see the firefighter was moving around the entrance hallway, as they start to make an entrance into the first bedroom. the inquiry was shown the pictures on the left from a thermal camera. 0n the right, mobile phone footage at exactly the same time from outside. they searched two bedrooms. smoke but no flames. then... here is where the firefighters entered the kitchen for the first time. the yellow glow that you see is the fire that is down

at the window end of the kitchen. a crucial moment, the two—man team acts fast. the firefighters attempt to put water on the fire, and you can see there where the hose reel is spraying water on the fire. they closed the door and then they opened the door again to see that the fire was still present. six minutes later, the fire in the kitchen is out, but look what's happening outside the window. the flames have escaped. pieces of melting, burning cladding falling to the ground. within minutes, the fire will be unstoppable. this is all evidence of something important. the fire broke out of the flat five minutes before firefighters broke in. professor niamh nic daeid'sjob is to explain to the inquiry chairman the first minutes of this disaster, specifically where the fire began. it is my view that it can be concluded with confidence that the fire which occurred in grenfell tower

on the 1ath ofjune started in the kitchen of flat 16 on the fourth floor of g re nfell tower. but more investigation is needed to determine how. one theory is an electrical fault or surge. there is evidence a trip switch was activated. was that a cause or effect of the fire? one of the many questions still to be answered. what's clear is the challenge facing firefighters right from the start. look at the temperatures being registered in green, bottom right. they are in celsius. tom symonds, bbc news, at the grenfell tower inquiry. hello, i'm there!

i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme: russia are on the brink of making the knock—out stages of the world cup as they beat egypt in st petersburg. welcome back, senegal — their first world cup in 16 years and they beat poland in their opening match. and a world—record performance from england's cricketers as they amassed a81 runs on the way to winning the third one—day international against australia and clinching the series victory hello, and welcome to the programme, where we start at the world cup in russia and it was the hosts who have all but booked themselves a place in the last 16 after a 3—1win over egypt in st petersburg on tuesday. they sit top of group a while japan and senegal were both 2—1winners in their respective group h matches over colombia and poland. but the biggest shock arguably was russia, and wrapping everything up from moscow is 0lly foster.