which sought to strip him of his chairman title, and reduce his monopoly over the firm's controlling shares. meanwhile, in the independent, an investigation into the increasing far—right terror threat facing the uk and other western nations. one of the most vital drivers it says is the increase in global crowdfunding. on our own bbc website — while brexit negotiations continue, and the uk government grapples to find a new leader, the confederation of british industry has told conservative leadership candidates "a no—deal brexit scenario would do severe damage to businesses". and finally a story from the guardian — exciting news for harry potter fans. jk rowling has announced the publication of four short books on the history of magic. so let's begin with the south china morning post. with me is fiona reynolds, ceo of principles for responsible investment. this headline, this is coming from a

chinese newspaper, but nevertheless it is wanting the prices could go up in the united states in everything from clothes to electronics because of this trade work. it's an interesting story because it's playing out in this continuing trade war between the us and china as we are talking about here. this is going to mean that cost are going to be passed on to american consumers, particularly those, they are suggesting at the lower income level —— costs, within the economy. so i think that is going to start to bite and create some problems. probably, for donald trump, these are his supporters. they are the people who are going to end up paying for this trade war at the end of the day. that may not end up playing out very well for him. it also comes at a difficult time for retailers. they are already trying to work through this move to online shopping, less people coming into stores, the last thing they need is consumers

stopping buying because of price increases. and also, obviously, it's going to be interesting to see what happens in relation to now what we see from trump overnight with the trade war starting in mexico because some — some companies are thinking about moving their supply chains into mexico. what does that mean now? from china to mexico. it will be quite interesting to see what happens when president trump is here. his in the us and starts talking to some of the brexit candidates about this issue. we've already seen the papers today that his come out strongly in favour of irisjohnson. yes. his come out strongly in favour of iris johnson. yes. the his come out strongly in favour of irisjohnson. yes. the whole huawei issue playing out in the uk as well. the papers warning that the us is warning that sales could decrease by $40 billion 12,000 store closures. so was not going to hitjust

consumers, it could have a knock—on effect on the economy itself. —— so it's not just. effect on the economy itself. —— so it's notjust. if they're starting -- if it's notjust. if they're starting —— if there is starting to be store closures, that will hit employees and that is not going to be good for the us economy at all. let's talk about the new york times. you's first earning report after its ipo. it's lost $1 billion —— uber‘s report. they did want about this, they said they would incur losses for some time and perhaps never make a profit for a long time —— warn about this. i don't think this is a surprising result. isaw about this. i don't think this is a surprising result. i saw it in the headlines and thought ok, this isn't very surprising. but, from an investment perspective, uber is quite a controversial company. from the fact as an investor, you want a company that is well governed. what we've seen in uber is a number of scandals at the top and that its

workforce, well... some say it's not a workforce, they're all contractors. they're protesting outside the front of the buildings of uber, the workforce doesn't feel well looked after and so we are seeing employees rebelling and i think we're seeing in countries, including in the uk, uber‘s facing increasing regulation. this means there is a lot of uncertainty in this area and one thing investors don't make as uncertainty. is it going to lead to a knock—on effect in silicon valley where other companies who were planning to also go public lie slack and post mate, having jitters and rethinking their strategy? —— about to go public. having jitters and rethinking their strategy? —— about to go publiclj don't think this is a great surprise to most people. and in city am. mark

zuckerberg, the boss of facebook who is the chairman and chief executive. a move by investors to try and decrease his voting share and also his power. he is at the top of the tree and some say actually, we need to re m ove tree and some say actually, we need to remove that from here. but it hasn't gone their way, has it? staying where he is. it's quite normal in other countries that you do have the separation of eeo and shower, but it seems to sort of be a us anomaly that this happens. —— ceo stop weighs it important that this happens? you should have an independent chair who is there to look after the shareholders. so when you have this dual class share situation, mark zuckerberg has 48% of the voting power, but he only owns 13% of the stock. so the rest of the investors aren't really getting the same voting rights and thatis getting the same voting rights and that is a problem. so, at this particular meeting, the shareholders

put together a shareholder resolution. so as well as introducing an independent chair, they want facebook to sell off some of it subsidiaries, they also wanted to return to its — move away from the dual class share structure. when you have a concentration of power in one person in any company, it doesn't matter what company it is, it doesn't matter how good the person is. it's never a good thing. well, they didn't get their way, did they? so let's see how this plays out. and that at the independent. the spread of global extremism, they are saying that it's actually all down to crowdfunding. it's about money. these extremist groups and leaders are getting money from individuals. i found this really fascinating. it's something i hadn't read a lot about in the past. but i think the thing is what is the answer? this is really about the whole change in the way democracy is working. and the whole change in the way that all of these different

social media but forms in the way that an individual can reach out to anybody in a way that they hadn't been able to do before. but i think that, you know, there's a dissatisfaction from the community with politics in the way that it is. they are looking for other ways to have a voice and this is one of the ways that they are. but i think this shows where regulation is not keeping up with the advancements in technology and it's something that i think governments really need to be looking at and regulators. certainly. cbi warning tories over a no—deal brexit. this is after several of the tory leadership candidate said we will accept a no—deal brexit, but cbi saying that would be really damaging to the country. yes. again, i don't think this is terribly surprising that businesses, again coming from the investment community, think that going without a deal would be a good

idea. i don't think many people would think it's a good idea. a strong message from the cbi, who represent 190,000 businesses, but others candidates going to listen to those 190,000 businesses or is what they're doing at the moment, they wa nt to they're doing at the moment, they want to appeal to the 120,000 conservative voters who will vote for the leadership? so, conservative voters who will vote forthe leadership? so, an interesting issue. they traditionally have always been associated as a business supporting political party, the tories, and it seems to be a real roof now, —— rift, a lot of dropped off support from business. this brexit issue needs to be resolved for the good of businesses and the good of the country and investors. but i do think at the moment self—interest will probably be a way and who am i going to be appealing to in terms of those people who are more

individualistic. are you a harry potter fan? i am. this is a good story! jk rowling has written some new. . . story! jk rowling has written some new... are the books? e—books. you can read them online. —— are they books? it's not quite harry potter, but it's about harry potter.|j books? it's not quite harry potter, but it's about harry potter. i think anybody who is a harry potter fan would be excited to see there are four new e—books coming out. they are non—fiction, they are going to look at the history of magic and weave in some of the story about harry potter. so i think this is a great story for harry potter fans. thank you very much fiona reynolds. and thank you very much for watching. we'll be back shortly with all of the top stories. bye for now.

well, you may have heard by now that it's turning a lot warmer, but the forecast isn't quite so straightforward. in fact, it's not going to be turning hot everywhere, and in fact, some areas are still in for some rain. but i think the main message is that yes, broadly speaking, we are all at least for some warmth. but a lot of cloud out there right now. it's very muggy, very muggy night, with temperatures in the mid—teens across some southern areas of the uk, but rain too. this is what it looks like through the early hours of friday, so some bits and pieces of rain around western scotland, somejust about in northern ireland, a scattering of rain across parts of the lake district. and the temperatures — 14 in london early on friday, but a lot fresher there in the very far north. in lerwick, only around five degrees. so here's the forecast for friday. you can see these moist south—westerly winds dragging in a lot of cloud, mist and murk around some of the coasts. rain in northern ireland, in parts of western scotland. there could be a lot of rain. by the time this weather front

is through, we will have seen around 40—50 mm of rain. that's a lot, that's a couple of inches of rain. the warmest and brightest of the weather will be across central and southern areas. temperatures will probably get up to around 22, but certainly not clear, blue skies. there will be a fair amount of cloud around during the course of friday. now, on saturday, so obviously the orange here, that's warm air that's spreading across much of europe. in fact, the near continent, temperatures will be approaching 30 degrees during the weekend. we'll get some of that warmth, it'll be wafting in towards southern, central and eastern areas. so this portion of the uk will probably see temperatures in the mid 20s, maybe even the high 20s in one or two spots. but further north, it's a case of more cloud, even a few spits and spots of rain, and only 17 in belfast, maybe just squeezing 19 there in newcastle. and then it's all change, because on sunday, a low pressure comes in off the atlantic, brings some showers almost anywhere, really. there will be some sunshine, too, but it does sort of spoil the second half of the weekend a little bit. and it will turn fresher. in fact, temperatures will start to drop away, back down into the low 20s across these southern and eastern areas.

so that 27—28 degrees on saturday is just, you know, a one—day wonder. and in fact, the low pressure is with us during the course of monday and tuesday. you can see there it's anchored just to the north of scotland. so that does mean that, after that brief spell of very warm weather on saturday, from sunday onwards and into next week, it will be turning cooler and more unsettled.

good morning. welcome to breakfast withjon kay and tina dahely. our headlines today: as the number of candidates bidding to lead the conservatives rises to 12, one major business organisation calls on the hopefuls to avoid a no deal brexit. a warning that a record number of gps surgeries are being closed, increasing workloads and recruitment difficulties are blamed. thousands of fans make their way to madrid for tomorrow's champions league final between liverpool and spurs. liverpool managerjurgen klopp opens up to bbc breakfast about his great passion for his club. the only