it so to those stories. with me is james hughes, who's chief market analyst at axi trader, a brokerage firm. let's have a look now at the story about phillip hammond, who basically says the british chancellor is issuing a warning to trump, he's in america and has gone on tv to say what? well, he has issued a warning. he is obviously not the first foreign minister to issue a warning or the last problem be in this week toissue or the last problem be in this week to issue a warning to president donald trump. the issue of these trade wars is becoming such a massive issue going forward and that is causing all sorts of problems, and issue with these trade wars is at the moment, it tends to net itself off. you have the us imposing ta riffs itself off. you have the us imposing tariffs on one side, you have tit—for—tat retaliatory tariffs coming back the other side. is a zero—sum game. coming back the other side. is a zero-sum game. it is a zero-sum game, and really the only people who tend to lose in these situations is consumers because what it does is it pushes prices up. prices go up and

then consumers do not spend as much, and then you have economic issues. that is really what phillip hammond is saying. the issue with a lot of these world leaders as well is nobody can be seen at to be not showing the strength to retaliate, but what donald trump and the us are saying is we have deeper pockets than you, our economy is performing better than yours, we can do this the longer the new canon we can go deeper with these cuts in you can. that is probably most definitely the case when it comes to europe and the uk. -- case when it comes to europe and the uk. —— we can. the uk is only really just recovered from global recession. yes, china is a slightly different story, but these trade wa i’s different story, but these trade wars look like they are going to rumble on and on and it does not seem rumble on and on and it does not seem like there's any light at the end of the tunnel at the moment because donald trump will continue to impose these tariffs, and we already know there are new tariffs in the pipeline on eu auto industry.

this is just in the pipeline on eu auto industry. this isjust going in the pipeline on eu auto industry. this is just going to in the pipeline on eu auto industry. this isjust going to run and run until donald trump gets what he wa nts until donald trump gets what he wants really. apologies for the puns, actually. one economist in this guardian article suggests that actually 70,000 usjobs this guardian article suggests that actually 70,000 us jobs could actually 70,000 us jobs could actually be lost because of these ta riffs actually be lost because of these tariffs on the steel and aluminium industries. yeah, and of course one pa rt industries. yeah, and of course one part of donald trump's whole initiative is to make america great again, is to boost manufacturing. —— to make. what this helps to do is reduce the country's reliance on imports but at the moment, it is not doing that, it is just causing problems with jobs and consumer prices going up. and we have seen is having an impact on markets last week and yesterday. just explain the difference between a bull run and a bear run, because they say that is what it is tipping into right now. the very basic difference is that

the bull run is when the markets had been going up for a long time, and the bull run is when we talk about global stock markets, so a bull market is where they have been going up market is where they have been going upfora market is where they have been going up for a long time and a bear market is when they start coming down. so what this article is saying is that we have been in a bull run, markets have been going up incredibly strongly for a long period of time and really, this is on the back of recovering from global recession is ten yea rs recovering from global recession is ten years ago, so the markets have really been rallying very strongly. ever since donald trump came into power, they have also been rallying very strongly but what investment banks are now coming out and saying is that this is now turning around. there is a change here, there is a switch and whenever there is any sort of global risk of geopolitical issues, we do tend to get people, investors not necessarily trading in these or investing in these risky assets, which stocks can tend to be. so investors look for

dollar—denominated debt, which is the safe haven. so the likes of the us dollar, gold, gold is a safe haven. so those areas. of course, this is not necessarily, we hear this is not necessarily, we hear this all the time various different investment banks, when the market is going up, you always quick to hear an economist tell you that it is going to go down. when the market is going to go down. when the market is going down, you always quick to hear an economist saying it is going to go up. it is psychical, it isn't it? yes. and of course, what goes up must come down. it must come down if you keep saying it is going to come down, you will be right. a bigger court case the uber because they had their operating licence withdrawn in london last year. they have now been given the go—ahead to continue to operate 15 months. they have won an appeal but they had to prove themselves. what have they now showing they were arguing properly that they were not doing properly before? there were a lot of bad headlines around this time last year

when they lost their licence, and basically what the regulator had said is there will are a number of ways you have to change what happened, reporting serious issues, driver training and private medical records were another. one key point that was there was actually at board level, the people that run uber, basically the regulator wanted to see a change within that area. a sickly, uber has done everything that they said they were going to do. —— basically. driver checks, now they're reporting, according to the regulator, is much better. this is only a regulator, is much better. this is only 3111 regulator, is much better. this is only 314 month extension, so they do now have a licence stanchion 15 months. —— 15 month extension. could 110w months. —— 15 month extension. could now see this ramble on but of course, ever since uber have said they did not have a licence, they have still been operating, they had never stopped. they have never stopped that they are very definitely on probation. let's move

on now to the commercial times, this is more reaction to the lack of movement on the brexit negotiation. the bank of america is now saying they are going to moves in people to paris. it is only a few people but it is now becoming symptomatic of what is happening in the city. yes, and of course what is happening here is these are huge investment banks in numbers of different companies, they have very long—term plans and how they look at their business and how they look at their business and how they look at their business and how they looked to perform. and without any sort of clarity on brexit and we also like the broken record at the moment, i know, but theissueis record at the moment, i know, but the issue is without any information, without any clarity, without any idea of what post—brexit britain looks like, the absolute mess of how it is being handled, these companies are being forced, 110w these companies are being forced, now initially they came out during the referendum and just after that all of these companies are going to leave, and it was all seen as scare—mongering. leave, and it was all seen as scare-mongering. this is all about the rules, isn't it? they said because they are in the uk, we do

not know what those regulations are going to be, if they are going to be commercially viable for us, that is why we are going to hedge our bets and move over to berlin and paris. there is not any indication that other businesses are going to stay, this is not just other businesses are going to stay, this is notjust bank of america, we are talking about morgan stanley, jp morgan, goldman sachs. is at a mass exodus? small numbers, we're not talking about the mass exodus —— the end of the metal industry in the uk, sure. let's talk about the world cup, vicki yukoner begin your house. in our house as well. yes. this is about diego maradona, after that big win for argentina, by the skin of their teeth really. this is about their teeth really. this is about the focus on diego maradona, of course the very famous former argentinian football player. tell us what happened last night. well, he

enjoyed himself i think is the safe way to say it. it had a good time, argentina won their game and they we re argentina won their game and they were right on the knife—edge, they had to win the game. they have been underperforming massively, they had to win this game in order to go through. argentina not winning the gi’oup through. argentina not winning the group stages kind of unheard of in world cup or all, but diego maradona obviously enjoyed himself. he has had his past issues with certain su bsta nces had his past issues with certain substances that is probably not allowed to take on most definitely not allowed to have in a world cup, but these kind of images which surfaced, slumped in his chair with paramedic standing over him, but it turns out he was fine, he jumped on a private plane to moscow, ready to watch argentina in the next round 110w watch argentina in the next round now after the dramatic win yesterday. that there is some controversy yesterday. that there is some c0 ntrove i’sy over yesterday. that there is some controversy over his behaviour because the cameras did go to him a lot because he is so famous, so well known, probably the most famous argentinian football at. and if god,

was it back in the nineties? the eighties. it was the 80s, there you go. he knows his football. yes, of course you have to remember that diego maradona was manager of the argentina football team, so he's had his issues but... there he is, back on the front pages. he will be just as entertaining in the next game at, iam sure. thanks for watching the briefing. from me, samantha simmonds, and the rest of the team, goodbye. well temperatures are set to soar once again on wednesday, i expect will go to 30 degrees once more. we have temperatures already at 31. i think the hottest place on wednesday will be scotland and northern ireland. here it is not out of the

question that we will hit the 30 degrees mark. so a few of you have a scorcher on the way midweek. not everybody likes it. in fact, some of us everybody likes it. in fact, some of us cannot wait for some cooler weather. there is some cooler weather. there is some cooler weather potentially on the horizon but not for a while. in the short term, the high pressure is very much in charge of the weather from scandinavia across much of western europe, stretching all the way down to iberia. very little in the way of cloud, just some breeds early in the morning across some of these southern and eastern areas. it may be the case that some of us in eastern counties will be waking up some grey skies. the sea threat comes in very quickly will disappear and then it is virtually clear blue skies across the uk. once again, the highest temperatures are expected across scotland and northern ireland, but a very big difference between the post. you can see aberdeenshire, those yellow collars there, close to the north sea. we are going to see a strip of areas

where the temperatures are lower. for example, in norwich, it may only be in the low 20s, where is across parts of the west of the uk, temperatures might get up to the high 20s and near 30 degrees. the contrast between the north sea coast, where we could see in the morning some mist and fog, and then inland areas there is going to be lots of sunshine. on thursday, another hot day on the way. temperatures will be in the high 20s, if not 30 celsius in some areas and again that coastal strip on thursday seemed temperatures quite a bit lower. you can see the arrow is he coming out of the north sea, lower towards the north sea coast there. that is why we are only seeing 19 in hull. the weekend is looking very warm indeed, perhaps not quite so hot in some areas. dell fast back down to 21 celsius and then there is an indication that as we head towards sunday night and into monday, we will start to see showers, maybe some thunderstorms

rolling into the south. —— belfast. goodbye. good morning, welcome to breakfast, with charlie stayt and louise minchin. our headlines today: homes are evacuated as a huge moorland fire in greater manchester continues to spread. this is the scene live in stalybridge. the fire has been declared a major incident and the army are on standby to help. plans to build five new prisons for women are scrapped. a new strategy will aim to cut reoffending rates. messi shines at last. argentina are still in the world cup after a late, late winner. that was against nigeria. and will this heatwave continue? carol will have all the weather through the programme.