it shows some of the estimated one million people who took to the streets of barcelona amid renewed calls for catalonian independence from spain. let's look at the belfast telegraph, and it says companies including coca—cola are calling for same—sex marriage in northern ireland, amid concerns it is hard to retain lgbt workers. and finally, el pais, the spanish newspaper, with what might become a new hipster holiday trend. it reports on the winemaker charging people 25 euros to be grape harvesters for a day. the thing that is popular on holiday, apparently. some people just like to drink wine, others want

to make it. with me is james hughes, who is a chief market analyst at axitrader, a brokerage firm. so we are talking about the anniversary of the collapse of lehman brothers, but christine lagarde is looking ahead and she is saying she is concerned. the imf are a lwa ys saying she is concerned. the imf are always concerned about something, it is theirjob to be worried for eve ryo ne is theirjob to be worried for everyone else. this one is about the trade war in particular, and that she sees that affecting the global economy. and it is notjust the us and china, is it? the us and china is the headline, but it is the us and pretty much anyone else at does business with, and these tit—for—tat ta riffs business with, and these tit—for—tat tariffs are becoming such a big issue for the markets. and when you look at trade wars, no one really wins ina look at trade wars, no one really wins in a trade war, especially when you have two such superpowers like the us and china. the us but tariffs on one side, china on the other. that ends up increasing the prices

of everything so it ends up costing jobs at the companies that produce the goods, and ends up costing the consumer more to buy the goods. so the consumer is the only people that really lose in trade wars in the end, but this is causing such massive turmoil within the markets at the moment. and it is interesting, because she talks about that turmoil. one thing that has been a concern in the last week or so been a concern in the last week or so is this fear of contagion. we have seen investor flight from the turkish lira, argentinian peso, and a lot of articles were written last week talking about how this will spread and spread and spread. she talks about the fact that actually she doesn't see contagion spreading the multiple countries beyond those specific ones. is that something you would agree with? yes, and the issue is it is notjust the trade wars. there are local political issues within both argentina and turkey causing problems, and that is especially exacerbated in turkey.

and the south african rand, as well. on the safe haven has been us denominated debt, and that means the strength of the us dollar has been massive. and with that strength, againstan massive. and with that strength, against an economy like the turkish lira, that is already struggling, that strength causes such issues. and also the fact that the us are increasing interest rates adds another layer and they are likely to do that in a couple of weeks' time, on 25 september, i believe. let's look at city am now, a free financial paper in london. keep mark carney and carry on. quite a clever headline. he was going to finish his term just before brexit, or whatever. he will stay beyond march 2019 and keep going in thatjob at the bank of england. are you pleased

about that news? i think it is a particularly positive thing. when you think about what mark carney has done post—brexit, mark carney has been the only stable part of the uk, which has managed to stay independent from any voting the government has done but really act ina way government has done but really act in a way to, number one, calm the markets. straight after the referendum we had such massive moves in the market. he has calmed the market with rate moves, he has moved rates at the right times. the governor of the bank of england is a job where you get a lot thrust at you, blame around the economy if the market is not going well, that all goes on the market policy, but mark carney has done a good job. and the reason for this has to be that the safe pair of hands will then take us through what is going to be one of the most challenging times for this

country. i know the chancellor of the exchequer, philip hammond, is very relieved to see he is staying on, but when you say he has remained independent, he has been really criticise for some of his comments about the impact that the uk's independence from the european union will have on the uk economy. he has been seen as a doomsayer, part of project fear. that's absolutely right, he has been, but he has also remained completely... yes, he has put his opinion out about what has been there, but he has been not siding with the government when there was growing pressure on him to side with the government or help the government in an area where they have struggled and will continue to struggle. lets look at the news below that, the gap between uk and us bankers' bonuses rising because of uk, eu rules. is that something you have noticed 7 of uk, eu rules. is that something

you have noticed? is your bonus smaller? how bonuses have been smaller? how bonuses have been smaller since 2008, so it is nothing new. and in the previous stories we have been talking about the fact that having moved on —— have we moved on from the financial crisis? if you look at the numbers that we are still looking at, and how much they have increased, these bonuses have increased by massive percentages, and in the us the bonus is $31.4 billion. does that mean you will move? no. that is the issue, isn't it, that the talent will go. absolutely, and if people are looking at the money in their pocket, and you can forget bankers, ta ke pocket, and you can forget bankers, take anyone. if people say i can have more money in this area than i can in this area, it is something you have to think about. lets look at this local paper in catalonia, which captured the image of the

nearly 1 which captured the image of the nearly1 million which captured the image of the nearly 1 million people which captured the image of the nearly1 million people in the streets to mark the national day. there was a lot of discussion about the fact that it felt like this annual event had been hijacked by the independence movement. so some politicians felt they could not align themselves with it. a peaceful day of demonstration, what it reminds us all that this issue in spain has farfrom gone reminds us all that this issue in spain has far from gone away. and obviously it ties in with brexit as well, the whole run for independence in catalonia is something which will be huge. but within the story it says recent polls show that a split is actually closer than what it was previously. it is very tight as to what catalonian ‘s would vote for, whether they would vote for independence. at this rally obviously it ties in with a number of different areas, and of course, those catalonian protesters are saying they want the people who have been arrested released as well, so there is a lot going on. this is

interesting. big business are calling for northern ireland to change the law over same—sex marriage. there are a lot of issues at play here, but their argument is that they can't attract and retain staff to work for them in northern ireland because they can't ring their partners here. and what this saysis their partners here. and what this says is it is not necessarily people within northern ireland. it is companies who have a lot of businesses there trying to get some of the talent from other areas to come and work in northern ireland, and the question they are being asked is, they don't necessarily have the same rights as they would do. we are notjust talking about the same—sex marriage situation, but when it comes to the benefits you will get for being a married couple in the same—sex marriage in northern ireland, it is different to what it would be in a country which has legalised same—sex marriage. it is interesting, we always talk about the moral issues around same—sex marriage, but we never look at the economic issues, and that is what

this is saying, but they could bid big economic benefits for northern ireland to legalised same—sex marriage. would you pay 25 euros to crush grapes with your feet on holiday? i wouldn't pay 25 euros for a bottle of wine, let alone to crush it with my feet. i bet it feels amazing, though. i am not sure anyone would want wine crushed with my feet. but who is going to buy the wine afterwards? how hygienic is this whole story? it is an interesting move in tourism, adventure tourism, experience tourism, all that kind of thing. and quite funny line in here was, i couldn't believe i was charging people to do the job we had to do. or pay others to do. that is a very ingenious farmer. thank you for being with us. goodbye. hello there. a full uk weather forecast coming up in a moment, but first of all, the latest on that massive hurricane that's heading towards the eastern side of the united states.

it is of course hurricane florence. it is a category four hurricane, four out of a five—point scale. sustained winds, 140 mph at the moment, but it's forecast to strengthen, with wind gusts getting up to 185mph over the next 24 hours or so. it's going to make landfall friday morning north carolina, but the effects will be felt up and down the mid—atlantic coast, with a risk of flooding, and those damaging winds as well. here in the uk, we've got a cold front sinking its way slowly southwards today, and that's going to have an effect on the temperatures. yesterday we saw highs of 25 degrees in both london and exeter, as well, but today we're looking at highs of around 18 degrees. so a 7 degrees celsius drop in temperature. not that it's going to feel cold, but it will feel a good deal cooler. this is how we have the weather over the next few hours for the early risers. a lot of cloud around, and outbreaks of rain. always heaviest across north—east england and the north—west of wales as well, but there'll be plenty of heavy showers working into north—west scotland over the next few hours, with a slice of clearer weather across northern ireland, northern england and eastern scotland. it's here where we'll have those temperatures dipping down into single figures. mild, though, further south —

15 degrees the low in london. now, looking at the weather picture through the rest of wednesday, our cold front sinks its way southwards, the rain becomes increasingly light and patchy, but there'll probably still be some left over across parts of south—east england well into the afternoon. there'll be some blustery showers for western scotland, but in between, a slice of sunnier weather. but the temperatures a good deal lower in the south, highs expected to reach 18 degrees celsius. now, looking at the weather picture through wednesday evening and overnight, our rain finally clears away from south—east england. heavy rain comes into the north—west of scotland, but there will be some clearer skies for the bulk of england and wales, and it's going to be one of the cooler nights that we've seen so far this september, with temperatures down across eastern parts of england, down to around 3 or 4 degrees in the coldest areas. so it will be quite a chilly start of the day on thursday, but there'll be plenty of sunshine around here. a band of rain pushes southwards across scotland and northern ireland, weakening as it does so. just a few spots possible into cumbria to take us into the afternoon, but for many of us it's a dry day.

showers again affecting western parts of scotland, though. temperatures in the sunshine — about 15 degrees for aberdeen and edinburgh, 21 degrees in london. bit more sunshine, so starting to feel warmer. and reasonable weather, actually, across southern england as we head through the weekend, but there will be some heavy outbreaks of rain across the north and west of the uk this weekend. that's your weather. good morning. welcome to breakfast with naga munchetty and dan walker. our headlines today: plotting to oust theresa may. 50 conservative mps meet to discuss how and when they could force the prime minister to resign. america's east coast braces itself for one of the worst hurricanes in 30 years, with up to a million people leaving their homes. the impact on your wages of the financial crash. 10 years after the banking collapse, workers are £800 poorer with people in their 30s worst affected. in sport, jimmy anderson, record breaker. he polishes off india to become the most successful fast bowler in test cricket history. and i am at birmingham,