i am setting a new target for the national living wage, raising it to match two thirds of median earningsbitious plan will bring the national with living wage up to £10.50, giving 4 million people a well earned pay rise. that would apply to everyone over 21, but it's a five year ambition, not an immediate change. this is a modern, 215t—century economy with lots of scope, lots of opportunities and it's right that we balance that with a fair deal for workers, too. i thought it was very encouraging in many ways. i think the minimum wage will have a big impact on some industries but we will wait and see. there are plenty of promises the tories would like to make you this week in manchester, a trial run of a manifesto perhaps, but there is a feeling in the ether more crucial conversations are happening elsewhere. unusually during a party conference, mps are at work in westminster. and opposition leaders have been planning their next moves, determined together to rule out any chance of borisjohnson taking us out of the eu if there is no deal. we will do all we can within a parliamentary scenari

i'm setting a new target for the national living wage, raising it to match two thirds of median earningsbitious plan will bring the national living wage up to £10.50, giving 4 million people a well earned pay rise. that would apply to everyone over 21. but it's a five year ambition, not an immediate change. this is a modern, 21st—century economy, with lots of scope, lots of opportunities, and it's right that we balance that with a fair deal for workers too. i thought it was very encouraging in many ways. i think the minimum wage will have a big impact on some industries. we will wait and see. there are plenty of promises the tories would like to make you this week here in manchester. a trial run of a manifesto perhaps. but there is a feeling in the ether more crucial conversations are happening elsewhere. unusually during a party conference, mps are at work in westminster. and opposition leaders have been planning their next moves, determined together to rule out any chance of borisjohnson taking us out of the eu if there's no deal. we will do all we can within a parliamentary scenario a

this isa for the national living wage. ilar to the announcement made by labour last week. they talked about bringing the living wage up to £10 but by 2020, whereas sajid javid is talking about bringing up to £10 50 within the next five years and probably more significantly, bringing down that age threshold so it doesn't apply just to those over 25. labour said they would now bring it down to 18. a bit ofa they would now bring it down to 18. a bit of a bidding war going on here, it really does feel like pre—election days with money being spent on all sorts of things. a lot of the stuff talked about has been announced before. he is talking about road building, other infrastructure, about buses, supplying broadband. we had announcement yesterday about hospitals, nhs spending as well and i think the other interesting element from his speech is the no deal preparations, saying they are ina much deal preparations, saying they are in a much better place. but also saying we are ready to draw on the full armoury of economic policy,

i'm setting a new target for the national living wage, raising it to match two thirds of median earningsious plan will bring the national living wage up to £10.50, giving 4 million people a well—earned pay rise. that would apply to everyone over 21. but it's a five—year ambition, not an immediate change. this is a modern, 21st—century economy, with lots of scope, lots of opportunities, and it's right that we balance that with a fair deal for workers too. i thought it was very encouraging in many ways. i think the minimum wage will have a big impact on some industries. but we'll wait and see. there are plenty of promises the tories would like to make you this week here in manchester. a trial run of a manifesto, perhaps. but there is a feeling in the ether more crucial conversations are happening elsewhere. unusually during a party conference, mps are at work in westminster. and 0pposition leaders have been planning their next moves, determined together to rule out any chance of borisjohnson taking us out of the eu if there is no deal. we will do all we can within a parliamentary scenario

i'm setting a new target for the national living wage. ng it to match two thirds of median earnings. this ambitious plan will bring the national living wage up to £10 50. giving 4 million people a well—earned pay raise. giving 4 million people a well-earned pay raise. that would apply to everyone over 21. but it's apply to everyone over 21. but it's a five—year ambition, not an immediate change. this is a modern zist immediate change. this is a modern 21st century economy. with lots of scope, opportunities, and it's right that we balance that with a fair deal for workers as well. i thought it was very encouraging in many ways, i think the minimum wage will have a big impact on some industries, but we will wait and see. there are plenty of premises the tories would like to make you this week here in manchester, a trial run of a manifesto, perhaps. but there is a feeling in the ether, more crucial conversations are happening elsewhere. unusually, during a party conference, and peas are at work in westminster. you'll at morning, sir. and oppo

to do that, i am setting a new target for the national living wage. two thirds of median earnings, that means, on current forecasts, this ambitious plan will bring the national living wage up to £10.50, giving 4 million people a well earned pay rise. the conservatives crowd love to hear about delivering brexit implants the future but there are no doubts that claims of the prime minister‘s pass conduct have been unwelcome for him out as party. does the prime minister have a problem with women? no! absolutely not. one former conservative cabinet minister sees it differently. i can't comment on those accusations but they are deeply concerning and in a sense they go to the heart of the question about character and integrity of people in public life and what standards the electorate have a right to expect. back in westminster, opposition parties are meeting. their next move could determine the course of brexit, the timing of an election and see conservative mps back there sooner than planned. we can speak now to to chief secretary to the treasury, the cons

and he pledged to increase the national living wage. million people a well—earned pay rise! to analyse all limits of these different stories, here is rob watson. what's really fascinating as we are seeing this week a total transformation of the conservative party in two ways. it is worth remembering, it used to be a party that believed in membership of the european union. now it is an out and out leave party, even if without a deal. coming onto your point, the conservatives used to be the party of austerity and controlling the public finance. now it is spend, spend, spend, and it's a risky move. in this sense. the conservative party, they used to have their unique selling point, you might not like us very much but you can trust of the money in the economy. and now they're talking spend, spend, and now that the conservative party backs brexit, as i say, quite a transformation. couple of other things to ask you about. first of all, this cut one of the major talking points of the consummate of conference has been this article, an article b

the chancellor announced he will be raising the national living wage to 66% of the median wage — that'sthe rise will see the pay of 4 million british people go up, by an average of £a,000. suddenly, there is a lot of money to go around, maybe there is an election in the offing. who knows? lets speak to our chief political correspondent, vikki young. the money tree gets ever bigger? we had it last week with labour and now the conservatives. they don't want to be caught out like they were in 2017 when they thought the election would be dominated by brexit but labour, jeremy corbyn, the leader, we nt labour, jeremy corbyn, the leader, went round the country talking about other things and it seemed to be popular. he managed to not win but get the vote share for labour up by talking about education, health and all the rest of it. now the conservative party want a message to be that austerity is finished, if we get brexit done we can move on to talk about those things. more money for hospitals, more police, more money for education. but of course, moving on is pretty difficult. the idea of ge

chancellor of the extra said he would increase the national living wage and lower the age at which peopleaking at the annual conference in manchester, england, he said the national living wage window raised to 10 pounds $.50. he also said he would bring down the age threshold to cover all workers over the age of 21, from 25 currently. in maryland, a law that raises the legal smoking age will go into effect tomorrow. a lot raises the age to purchase cigarettes, cigars, and vaping products from 18 to 21. legislators say the law will cover all electronic smoking devices, parts, and accessories. in israel, prime minister netanyahu will make a last-ditch effort to form a government. elections this month produced a stalemate. global news 24 hours a day, on-air, and @tictoc on twitter,

this ambitious plan will bring the national living wage up to £10.50, giving 4 million people a wellime minister, meeting workers in manchester, has again denied allegations of misconduct with a female journalist. the bbc has reversed a decision to partially uphold a complaint against the breakfast presenter naga munchetty, following a wave of criticism. scientists now say there is is little evidence that eating meat increases the risk of cancer or heart disease. and at 11:30pm, we will be taking an in—depth look at the papers

sajid javid tries to steal a march on the labour party by promising a significant rise in the national living wage. it is clear that it is the conservatives who are at the real party of labour. we are at the worker's party. meanwhile the prime minister is forced to deny an allegation that he groped a female journalist at a lunch two decades ago. the saudi crown prince mohammed bin salman accepts some responsibility for the murder ofjournalist jamal khashoggi but says he had no involvement in it. prince harry pays tribute to a british soldier killed trying to stop poaching in malawi. in a moment it will be time for sportsday but first a look at what else is coming up this evening on bbc news... in the next half an hour on beyond 100 days we'll hear from jeff blake, former us senator, over the impeachment inquiry into president trump. at 8.30 we'll be getting reaction to sajid javid's spending announcements from ben zaranko from the institute for fiscal studies and paul waugh from huffpost uk. and at 10.40 and 11.30 we'll be looking at tomorrow's front pages with the brexit commissioning editor at t

conference in manchester, england, he said the national living wage window raised to 10 pounds $.50. he also said he would bring down the age threshold to cover all workers over the age of 21, from 25 currently. in maryland, a law that raises the legal smoking age will go into effect tomorrow. a lot raises the age to purchase cigarettes, cigars, and vaping products from 18 to 21. legislators say the law will cover all electronic smoking devices, parts, and accessories. in israel, prime minister netanyahu will make a last-ditch effort to form a government. elections this month produced a stalemate. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. in his 1:00 p.m. in new york, 6:00 p.m. in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories from around the world we are following. president trump calling for the democrat leading the house impeachment inquiry to be qu

is planning to raise the national living wage to 10 pounds 50 -- the nextpounds over five years. there's an expectation that we will see both fiscal and monetary policy being used relatively aggressively if there is to be a hard brexit. if you want to watch what is happening up in manchester, you can do so on your bloomberg. is the function, as ever, and you will see the chancellor on your screen. this is bloomberg. ♪ >> restoring our rightful reputation as the party of law & order. [applause] ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets. check this market right now. over to abigail doolittle. abigail: we are looking at solid moves in the u.s. for stocks. moderate moves in europe, but in asia we started off interestingly lower. shenzhen 100 down 1% ahead of the holiday for chinese stocks, celebrated the anniversary of the people's republic. we are looking at modest gains as investors continue to deal with all sorts of uncertainty factors into the possibility of a volatile fourth quarter. big cap is really helping

syria, undermining our national security, strengthening terrorist groups like isis and al qaeda, taking a toll on american lives and causing destruction in the countries where we wagese wars. and every single dollar wasted on these counterproductive wars is a dollar out of our pockets, a dollar out of our schools. a dollar coming out of our health care system, infrastructure, out of serving the needs of our people. i currently serve as a soldier in the army national guard and have served for over 16 years, and have been deployed twice to the middle east. [applause] and in congress now for nearly seven years, i have served on the armed services committee, the foreign affairs committee, the homeland security committee. i know the importance of our national security, having a trained and ready military capable of fulfilling their mission, of keeping us -- i also know the cost of war. and i have seen it firsthand. i also know the most important responsibility the president has is to serve as commander-in-chief. i want you to know that as president i will stop warmongers from both parties, neocons and neo-lives, from dragging us from one bad war into the next. stop thos

california has within of the highest poverty rates in the nation. 18% of californians live under the poverty level, behind washington, d.c. rents and wages income work are largely to blame. >>> a warm one tomorrow. it was warm today. it will be warmer tomorrow and friday. friday is the hot and say then temperatures drop off quickly. the highs from today. antioch temperature, that is 89 today. that will be mid-90s tomorrow and by friday antioch will be 100 degrees out there. temperatures coming up. that is a good 10 degrees in many places over the next 48 hours. tomorrow is the bump up. bumps up again. yellow temperature is tomorrow. concord goes to 97. that is a significant jump and jumps 8 degrees in to -- in to -- um, the weekend or friday. so with that said, the high pressure is dominating. the fire danger is up, but not a red flag condition. not looking at strong winds but a spare the air day tomorrow and spare the air day on friday as well. no fog along the coast. or very little. temperatures like this in concord. 70 degrees right now inland. that is warm for 11:20 p.m. at night. there is no fog. you know that look. you know what th

nation was grateful. for excellence flags flew everywhere. but when it came to living costs , we took it on the chin. wages were kept down to 15% increase.iving cost rose 45% to read you did not need fancy statistics to tell you that. you could tell by what a five spot got you at the grocers. there was a business on hand that could not wait. hitler's and hirohito. meanwhile, we would try to get by by putting in overtime. all we could take. ♪ the week or longer and longer. .t seemed never to end but at least you could manage. suddenly, it was over. over sooner than anyone had dared hope. ♪ like the rest of us, i blew my i will never day as long as i live. almost overnight, take-home pay shrink from 30% to die shrink 30% to 15%. how could we manage now? ♪ ranks rose one common cry -- "defeat the cut!" we waited. we pled. we negotiated. we cooled off until we were frostbitten. i suppose the $52 billion the company stored up during the war made them indifferent to the spot we were in. finally it became terribly clear. there was nothing left to do but go out on strike. and strike we did. just about the biggest, deepest, wide and across ♪ >> w

increases that can also be sustainable, boosting wages and raising living standards, which have stagnated for too long, levelling up across the regions and nations. the amount that is produced every hour worked. that isn'tjust a technical term. slower productivity means technical term. slower productivity m ea ns lower technical term. slower productivity means lower wages and uneven growth across the country. if productivity had continued to grow at its pre—crisis levels, then average annual wages would be £5,000 higher. that pressure on the pay packet speaks to a wider sense of unfairness and disappointment, especially in so many towns and cities outside london and the south—east. even as the economy has grown, people work hard but not eve ryo ne grown, people work hard but not everyone feels they have benefited. there is a real sense of anxiety which has emerged over the years, a sense that politicians aren't listening and that the system isn't working, that the free—market model isn't living up its promise. we are seeing divisions emerge throughout society between regions and communities, rich and poor, rural and rural, young and old. and add

syria, undermining our national security, strengthening terrorist groups like isis and al qaeda, taking a toll on american lives, and causing destruction in the countries where we wage and you have to understand this. every single dollar wasted on these counter productive wars is a dollar coming out of our pockets, out of our schools, out of our health care system, out of our infrastructure needs, out of serving the needs of our people. i currently serve in the army national guard and have served for over 16 years. i have deployed twice to the middle east. [applause] now for nearly seven years i have served on the armed services committee, the foreign affairs committee, the homeland security committee. i know the importance of our national security, having a trained and ready military capable of fulfilling their mission of defending the american people, keeping us safe, and i also know the cost of war. i have seen it firsthand. also know the most important responsibility a president has is to serve as commander-in-chief. so i want you to know that as warmongers will stop from both parties, neocons and neoliberals dragging us from one regime change war to the next, w

lives from health care to wages to safety. >> i spent more time on the campaign trail working on campaigns than i have on television. what are we missing here in the nationalre seeing in the campaign trail, and how important is iowa to your candidacy? where do you put iowa for you? >> crucial for us to do well in iowa. it's a place where we can demonstrate the ability to win elections. we can show the sort of ground game that helped us for example such a great showing at the steak fry, the reporters are saying we won the steak fry, show to speak. that's also a show of organizational strength in terms of the mechanics needed that it take dolla takes to win your caucus. in terms of what's getting missed in the coverage, theres a lot of coverage asking tough and important questions. but to me it still seems very washington-oriented. a lot of people here aren't asking me about the latest ups and downs among the house democrats or what's going on with proceedings. they want to know how their lives are going to be improved or worsened by the decisions that are being made in those big white buildings in washington, d.c. we must make sure we keep our eye on that b

national security issues than democrats. they voted for more defense spending and therefore they feel if they have a fear factor it will help them in the elections. democrats have been in a fight for education, living wage jobs and feel like they are more dependent on a health factor to do well. so, how do you get a fear factor? a look at the issues from two years earlier. ebola was no longer feasible because it wasn't scaring anyone. it barely reemerged in a remote section of the column out. isis has scared people, but that no longer was such a factor because they were mostly out of the territory. and the idea of crime in our cities didn't really scare people because crime rate had gone down. taking away guns didn't scare people because the republicans were in charge of all of the branches of government, and so what was left? immigration became the fear factor. this was the conscious strategy of the administration was to drive that and therefore it has really disrupted the collaboration to find solutions. we have democrats and republicans in the senate in 2013 that did a comprehensive immigration bill. we had a dreamers though that was bipartisan and the senate. the first bill that we passed in the sen