no, said the cbi's jody wright. more like a cover-up. >> nothing in his statement matched anything that i knew to be at the crime scene. it just didn't make sense. none of it. >> it wasn't really that ralph changed his story in his "world journal" manifesto, not exactly. more like he kept adding to it. so he watches very carefully what you're doing and tailors his story to match what he thinks you're finding. >> exactly. >> ralph kept explaining, kept offering not less, but more details. about, for example, the drawer pulls in his house, the ones investigators removed to test for fingerprints. >> in the event that one of the invasion persons touched them. >> now here's ralph with the police at his house just after pam was murdered. noticing the missing knobs. >> what happened to all the knobs? >> he was very upset that they were missing. >> i don't understand why the knobs are gone. >> and he would know you're looking for fingerprints of these home invaders. >> well, yes. >> but what if they didn't find any fingerpr

the cbi. it was all about turning the diesel.ting point, a personal issue, if you have your car almost invariably is these days, what my mum would have called the never never, on a contract brand which is the residual value of the car so which is the residual value of the car so what you are left owing is what the second— hand car so what you are left owing is what the second—hand price is. on that basis, if you're residual value has gone straight through the floor because diesel car sales slump, no finance company is going to do that. you will find a lot of hardship because of these apparently underfinanced link situation. new car registrations are going down. in general. down by 20%. suing over pollution. the government facing class action. from diesel vehicles. absolutely. in the last few years, we have a barrister seeking to bring the action. i am not sure how many people willjoin in this action by claimants are looking to identify specifically children living in polluted parts of london. more and more people will contact her

and output in the past three months has risen at its fastest rate for four years, according to the cbing news from the cocktail bar chain revolution. it's warning that profits won't increase this year. it's blaming things like the national living wage and the increase in business rates. the food chain leon is heading to the us. it's getting help from the private equity fund which owns most of the company, with a cash injection of £25 million. the first american branches will open in the second half of the year. let's look at the markets. they seem to be getting over yesterdays jitters. investors have been worried that donald trump's plans to stimulate the economy could be derailed by political scandal. some good company results have really helped boost the ftse. housebuilders have also been lifted by theresa may‘s promise of 1.5 million new homes if she wins the election. sterling is also making progress against the dollar but some people are warning those gains could be limited because of uncertainty over brexit. that's all the business news. peru is suffering an infestation of one of

economists estimate that the cbi will increase by 0.2% in april after a fall of 0.3% in march.it may be the same story for sales, the expectation is they will be up by 0.6% after falling by 0.2% in expectation is they will be up by 0.6% afterfalling by 0.2% in march. speaking of retail salesjcpenney will be reporting earnings. the company is looking to cut costs as sales continue to slide. they said backin sales continue to slide. they said back in february they would close 130-140 back in february they would close 130—140 underperforming stores over the next few months and they will offer volu nta ry the next few months and they will offer voluntary retirement for about 6000 employees. joining us is nandini ramakrishnan, global market strategist atjp morgan asset management. yesterday we had the bank of england giving their inflation report and their inflation forecast has increased but no sign of an interest rate move. yes, a combination of higher inflation expected and lower growth, which is making the bank of england remain on hold. a lot of commentary about the strength of

the extent to which domestic cost pressures pick up all the time and where cbi inflation settles towardsrs joins us now. thanks forjoining us. what will this mean for the way we live our lives, our standard of living? well, it is hard to tell at the moment. at the moment, as mark carney said, inflation has been rising because the currency has been weak, affecting people as prices go up for imported goods. wages are not keeping up with it, and we are feeling the pinch right now. the big question going forward is actually what happens to wages. do they start to rise more quickly now that unemployment is still low? mark carney there seems to suggest that we would see wage price, all our wages, go up. now what would cause that to happen? the fact that we have got a low unemployment rate and we‘re getting reports of some skill shortages certain areas should put u pwa rd restau ra nt wages, shortages certain areas should put upward restaurant wages, but it is a global phenomenon we have seen their wages are not rising as quickly as you might expect, given the level of unemployment versus previ

the average price rise, if you look at that, the cbi measure, up by 2.7%.'t do you much harm if your pay is keeping up. if your pay rise is higher than 2.7%. for most people, that's definitely not the case. if you look at the latest count for how much pay rises are going up, 2.2%. that is data from february. we will get an update tomorrow. we have been here before. we had a squeeze on living standards where real incomes were falling between 2011—2014. since then that squeeze has loosened. 0ur pay has gone up by more than prices, now it's tightening again. pay isn't keeping up. if pay was going up by more than inflation, the bank of england would be worried and might wa nt to england would be worried and might want to raise interest rates. as it is, it has no worries about that. confident that this inflation is temporary. 0k. andy, many thanks. lloyds banking group is returning to private hands nearly nine years after it received a government bailout during the financial crisis. the uk ggovernment has now sold its remaining stake in the group, ending one of

in its very own manifesto, the cbi said with unemployment at near record lows, this target is unhelpfulber is that it doesn't enable the needs of the economy to be reflected in the people we bring in. so we know we have great ambitions for the country. we know we want to build a million homes. we want time prove the nhs. we want to improve our road and rail system. these are all ambitions that need people. net migration measures the difference between the number of people arriving in the uk and the number of people leaving. according to the latest figures 273,000 more people arrived here than left. of that number, 165,000 more came from the eu than went the other way. while the number arriving from outside the eu was nearly the same at 164,000. so even if you reduce net migration from the eu to zero, that 100,000 target would still be way off. in fact, that target was last hit in 1997. some say that proves that if we've done it before, we can do it again. for decades the uk economy performed perfectly well with net migrations levels of about 60,000, for example in the 1980s and 1990s. t

startnk core cbi will picking up this month and keep rising.us: if you strip out the oil in it, what's going to drive court cpi? >> there's a whole variety of that if health core inflation down for a while. we think there gradually eroding. it has a lot to do with inflation expectations. the think that helps drive inflation upward. in unemployment. the spare capacity as much lower than it used to be. i say rather glibly that the u.s. economy -- the european economy always looks like the u.s. economy with a 2.5 year lag. place to see in this revival in inflation where away from getting the actual information. anna: where does it leave us in june? do you expect mario draghi just reiterates everything he said at the hague? other guests have talked about a change in language around the risk and the way it's balanced in the eurozone economy. we think the june meeting is the right meeting. so should we not expect too much from june? >> i think there's still a chance they will signal when they get ready to remove negative interest rates. you have to r

that's according to the cbi. but on the downside the cost of manufacturing is also rising.e in business rates. the food chain leon is heading to america. the private equity firm which owns most of the firm is helping out with a cash injection of £25 million. the first american branches will open in the second half of the year. we could update you on the markets. all very positive. the markets seem to be getting over the jitters of yesterday with investors worried that donald trump's plans to stimulate the economy in america could be derailed by political scandal. good company news have helped to boost the ftse in london with house—builders benefiting from the left by theresa may's promise of 1.5 million new homes, if she wins the election. sterling making progress against the dollar but some say the games could be limited because of uncertainty over brexit. thanks very much. back to the election campaign now. the south of england is seen largely as a conservative stronghold. but voters have raised fears about cuts in local services in some areas. peter henley, bbc south's p

the other thing i would note is cbi was also below expectations. it came in at 1/10.ell. month ofsly had a weak the prior month. i think the market was expecting more of a rebound. i do not think this will change the trajectory of the fed but it inflation,ss core which is probably the single most important thing the fed is looking for right now. jonathan: retail numbers are noisy when you compare upward revisions from where we have come in before. but headline inflation numbers, and let's just take 0.2%, the ve factors from the commodity market, they were not going to be there at the back end of this year anyway. they will not be there if commodities continue to roll over. give me an idea of what the inflation picture looks like in six months. lew: labor markets are still tight. we have the unemployment point at 4.6%. that will gradually push up inflation. that is unavoidable. it will go up and down month-to-month. it will not be a straight line. it will not be a huge increase. i think you have to assume inflation on a core basis will be higher six months from now. th

watch stocks like cbi refinancing here. injury -- energy off 4/10 of 1%. government bond we see rates higher across the board kind of in fitting with this general rally we are seeing in a lot of areas. not dramatic. long end of the curve getting more action with the 10-year. as lisa mentioned in the last block, a lot of the story is at the long end, the 30-year. secretary steve mnuchin still open to the possibility of doing ultra long-term borrowing, theoretically, as something they may want to look at with rates this low. we saw bill action here a little bit before noon when those comments came out, 30 year yield of 3%. lisa: you can see the dollar versus the yen, dollar strengthening versus the classic trade of the yen. is is the u.s. avoiding a government shutdown as some people had been at acting, and some concern over north korea and the potential of nuclear conflict over in that region. also want to take a look at the mexican peso versus the u.s. dollar. yes, the mexican peso has gained some value this year, but certainly is well below its level befo

we are seeing wages grow 2.5% year-over-year with core cbi 2.4%.ot creating purchasing power. we want to create purchasing power for american citizens. kathleen: in this interview, gary cohn said that what donald trump us to do is read into jobs, trade, the whole future more broadly. since they are looking past status wage growth and determined to raise rates, two or three more times this year, it would be interesting to see if this lack of wage growth turns into an impasse between administration and the fed is the administration starts to say wait a minute, why are you waiting -- raising wages? let's see if that will happen, but clearly from the white house they want to see american paychecks get fatter. betty: all right. the u.n., and focus on the week ahead. joining us, the chief strategist here. this is bloomberg. ♪ ♪ betty: this is daybreak asia. rishaad: -- yvonne: let's do a look on the business flash headlines. this group has bid for fairfax media property advertising domain. fairfax shareholders will get 95 australian cents a share, and th

the success of this initiative is not just determined by the outcome of the 55,000 students, the cbi career pathways initiative institution serve annually. for uncf success also means we document what we are learning and share that information to ensure that other education institutions can learn from the innovative model that we set forth by our cohort institutions. to do this uncf partners with visitations by providing them with the necessary technical assistance to improve their institutions capacity, to execute this work and my documenting what we are learning to develop models that lead to outcomes we seek. the work of these institutions are endeavoring to do now will be critical to the success of the future. i look forward to discussing the details of this more fully with you, but just remember as we think about this, the investment that these young people are making, and not so young people, are making in their education in terms of time and cost are significant. today, the outcomes don't always warrant that investment. african-american unemployment for college, black college

>> so we get about 3000 leads a day that comes into us from either cpb or from cbis and other sources. and we have -- we chair this board called the compliance enforcement advisory board, or the ceab. and that has other law enforcement agencies like fbi, other agencies in the intelligence community. they help us set a ten-tiered priority may transition that we bounce that off. tier one are the people that we know there is some type of national security or derogatory information. the other tiers could be because of travel patterns of concern, countries of concern. and one of the things that after looking at both the overstay report and the oig report that we're going to take, i've asked my team to take to this compliance enforcement advisory panel, is maybe looking at countries adding in that have a very high rate of overstay as another factor. but we bounce it off of those. and that gives us a prioritized list. and then that's what we send out first. we continue to monitor the other. i mean, if you don't mind me saying, it really is, for the hsi side, it is a resource issue, because o

the extent to which domestic cost pressures pick up will determine where cbi inflation settles towardshis, but they can't explain its full extent. uncertainty of companies about the outlook may have also made them unwilling to raise wages at a faster pace until they have more clarity about future costs a nd they have more clarity about future costs and market access. the mpc judges that the factors currently weighing on wage growth are unlikely to persist, and it projects that wages will rise significantly as the output gap narrows throughout the forecast and closes by the end. as a result, inflation is projected to rise in the third year of the forecast, even as the impact of imported price pressures diminish. monetary policy committee cannot prevent either the real adjustments as the uk moves towards its new international trading arrangements, or the real income growth that is likely to accompany that adjustment over the extra years. attempting to offset fully the effects of weaker sterling on inflation would be achievable only at the cost of higher unemployment and in all likelihood