meanwhile, france's market watchdog the autorite des marches financiers says the world faces the risk of a "brutal correction" in global stock markets. the organisation warned the world has never been so indebted and the debt has never been so risky. the new york times looks ahead to us secretary of state mike pompeo‘s latest visit to north korea, where there are fresh doubts about whether pyongyang will follow through on the commitments at the singapore summit. reports from us intelligence say the regime is working to conceal the extent of its nuclear weapons program. and, finally, football won't be coming home to english churches anytime soon. the church of england has warned world cup fans not to check their mobiles during wedding services or they risk being told to leave. so let's begin.

with me is alpesh patel, who's ceo at praefinium partners. good to have you on the programme. thank you. let's start with brexit. very different headlines from very different papers. brexiteers horrified as may reveals her hand. what is her hand? we don't have time for that. the problem she faces is she would have to be the world's greatest negotiator to have a roundtable group, all of them are rivals, one group who want out of the customs union, the single market so we can the customs union, the single market so we can strike trade deals to the other side who say business, presumably companies like mine, want a soft transition. as a matter of logic, how do you bring them together? then you have to go to parliament and then you have to go

to angela merkel and the rest of the eu. i declare a bias and vested interest. i am eu. i declare a bias and vested interest. iam british eu. i declare a bias and vested interest. i am british and i want the best for britain. is that what she wants? the best for britain is the key thing. no one knows what the definition is right now or how to get it. i wish her well in being able to negotiate. the thing about politicians is they are not necessarily professional negotiators, they are plucked up by constituents as an elevated to incredibly powerful jobs constituents as an elevated to incredibly powerfuljobs without necessarily an cv to their names. do you think she faces a chequers riewoldt? one extreme to the other. —— revolt? ithink riewoldt? one extreme to the other. —— revolt? i think she will feel rather lonely at times. i hope everything will be wonderful for britain. it is hard to see how this negotiation will happen. if it does work out, oh, when she leaves office, she can be on the speaking

circuit and teach people how to negotiate around the world. probably go to north korea and vice president trump. let's do that later. let's talk about mark carney. not the only one who has been saying this. there has been talk of the fact that this trade war, although it will damage the global economy, it will hit the us hard at first. we had a very good piece from our correspondent in minnesota talking about how soy bean farmers will be hit. wrong, wrong, wrong. it is not a trade war. global trade has not decreased. secondly, it won't affect the world global trade. why does it have to decrease to make it war? it isjust like bear markets. trade war is a journalistic term. as an economic to me does not mean the same thing. it has become politicised. let me say wyee point impact global growth. the trend and

momentum continues upwards not lee spick is the largest economy in the world has huge tax cuts. it is flooding these companies with lots of money which they are bringing back to the us. that is why they have so little joblessness in the us as well. so things are quite buoyant. so you are saying to me the governor of the bank of england is wrong. again, as he is about brexit. he is not the only one saying this. numbers does not make people more right. billions of dollars to be wiped off the global economy from so many economists. which is why they are economists and they are not investors. if billions are going to be wiped off, tell me why the us stock market went up 188 points to nip all—time highs? stock market went up 188 points to nip all-time highs? that harris had just come in now. and we knew that they were going to come in —— tariffs. stock markets are never a good indicator of the tone. of the value of the companies they represent. they are not exactly

indicative of the way that global trade is going to move. indicative of the way that global trade is going to movelj indicative of the way that global trade is going to move. i think they are trade is going to move. i think they a re exactly trade is going to move. i think they are exactly indicative of that and profitability because that is what they are based on. they might get it wrong when there is a crash and we will wait for one of those. for months we have known about this. there has been all of that negativity and it is just not happening. maybe they think the us is going to pull back. happening. maybe they think the us is going to pull backlj happening. maybe they think the us is going to pull back. i think profitability is going to continue. let's move on. we don't have a huge amount of time. risk of brutal correction in global stock markets. aru worried about the high stock valuations and are we due for a correction? -- are you. they are right, countrywide debt in france, spain, portugal, countrywide debt is very high. american debt has been high since the 19805 when ronald reagan 5tarted borrowing like crazy. however, what they are neglecting i5

the interest rate that these governments are paying are pretty much at all—time lows. since the 17005 probably. i don't necessarily like debt and i am not encouraging it. if you are an individual tried to re m ove it. if you are an individual tried to remove all doubt. but for countries this is still affordable. not good. still affordable. certainly not brutal correction in the global 5tock certainly not brutal correction in the global stock markets. famous light word —— la5t the global stock markets. famous light word —— last word i am sure. in12 light word —— last word i am sure. in 12 month i will be right and they will be wrong. emerging markets are a new factor in this as well. they are small in terms of the overall economy and we ignore them pretty much. to tail won't waive the rest of the world. it will be america will stop —— to tail won't wag. look at america. and when it decreases i will come and say oh, profitability decreased. will you say it in a serious way? no, in a serious way and people will take it seriously.

let's move on because we are talking about north korea. there is more pressure for north korea to produce evidence that pyongyang i5 pressure for north korea to produce evidence that pyongyang is taking 5te p5 towards evidence that pyongyang is taking steps towards denucleari5ation. evidence that pyongyang is taking steps towards denuclearisation. mr trump has moved on. do you think he has been taken in by north korea? know, he did what he wanted. he wa nted know, he did what he wanted. he wanted pr. of know, he did what he wanted. he wanted pr. of course he did not want change. he wanted to get headlines. now, move on to tariffs and how tough he is on china. he is not tough he is on china. he is not tough on china by the way. look how tough on china by the way. look how tough i am teaching them a lesson. he has moved onto the next headlines. new york times has a little bit about it. he has won the battle. do you think that has won it? they say it is premature. of cour5e it? they say it is premature. of course it is premature. that is donald trump. everything is premature. the wall hasn't been built either and that is why the damage that the trade war is 5uppo5ed damage that the trade war is supposed to have caused won't happen either because the steps he is taking a minimaland either because the steps he is taking a minimal and this is minimal thati5 taking a minimal and this is minimal that is meant to get the headlines

and not actually to do anything. thi5 hasn't done anything. his intelligence services have said that he won't get rid of the news. the world cup, 3pm on saturday afternoon, england in the quarter—final of the world cup against sweden. we have had churches up against sweden. we have had churches up and down the country sweating because 3pm is waiting time, isn't it, july. because 3pm is waiting time, isn't it, july. no, it is saturday, it is full ball time. who booked those weddings? and do you know what, spouses come and go but england quarter—finals, they... spouses come and go but england quarter-finals, they... that is not a nice thing to say. in church you can read a book. it is a good test ofa can read a book. it is a good test of a marriage. your spouse can change the day. what churches have said according to this article in the gulf news is to turn off your phone. let me tell you, people, let me tell you something about christianity as a hindu, forgiveness. you will be fine. who do you think is going to win? of

course it is england. listen, fair you didn't agree with me on that one. i think it is going to be fronts. it is going to be england -- france. i am sure we will see. let me say that again. it is going to be england. in case 300 million people are watching. my heart says that as well. thank you very much for watching. stay with us on bbc news. so much more to come. from me, goodbye. thanks for watching. well, i'm sure you will know what i'm going to say, we're in for a hot and sunny day, no changes to our weather. in fact, the weekend is looking particularly hot across england, temperatures expected to rise. i will say, though,

there is a chance of one or two storms across south—eastern parts of the country on friday, or at least a big downpours. we had that on thursday, tunbridge wells with some flash flooding. there's a lot of clear whether across the country now, no widespread cloud rain or anything like that but the heat is so intense that it has been sparking off some showers. this is a picture from thursday from east sussex where we had some downpours and we could see further downpours around sussex in kent and maybe even greater london a bit later on friday afternoon. in the short—term, early hours of friday look fairly quiet across the uk, no rain out there. temperatures on the muggy side, 17, the starting temperature in london. 13 in newcastle. a bit fresher in rural parts of scotland. as we head through friday morning, into the afternoon, it's basically sunny. a bit of fair weather cloud developing so it may not be clear

blue skies but sunny enough and those temperatures will peak at around 30 degrees in london. we had 30 on thursday, we will get that probably on friday. to the north of that, comfortably warm. the low to mid—205 and those showers around kent and sussex at some point in the day. through the weekend, familiar pattern. weather systems away to the north of us, there could be a frontjust about sneaking into wester, north—western parts of scotland later on in the weekend, probably sunday, but still a while away. here's saturday, lots of clear weather around in the morning, lots of sunshine in the afternoon. temperatures will be skyrocketing across the south, posibly up to 30 or 31. 30 is not of question in the midlands too and in the north of the country, northern ireland and also scotland, temperatures up into the mid—205 as well. come sunday, the heat continues to build across many parts of the uk. notice the cold front, a weak cold front, it means a bit of cloud, some spots of rain, you see the yellow colours so a lot fresher for our friends in the outer hebrides and the western isles, maybe around 16, cool north atlantic

air but the heat is very much present across many parts of england and wales. so, hot sunday on the way and beyond that, guess what? there's little change. the heatwave continues throughout much of next week with temperatures expected to remain on the high side. good morning, welcome to breakfast with naga munchetty and steph mcgovern. 0ur headlines today: crunch talks on brexit. theresa may and her cabinet will meet to finally agree a blueprint of the uk's future relationship with the eu. a local diver dies trying to rescue 12 boys and their football coach trapped in a flooded cave in thailand. police say a couple fighting for their lives after being poisoned by novichok, had handled a contaminated object. as we head into a big weekend of sport, there's joy for kyle edmund, but despair forjo konta here at wimbledon. and gareth southgate says england may never have a better chance to win the world cup,

as they prepare for tomorrow's quarter final against sweden.