and that opens up marketing of arconic and that opens up some very difficult questions for arconic tothe way they were. i think we will hear arconic tomorrow saying it was the responsibility of the contractors to make sure that the panels were safe. so you sort of see this circle of brain moving between the manufacturer and the contractor and then from the contractor to the subcontractor and so on. in terms of confidence in this inquiry going forward , confidence in this inquiry going forward, we have seen the resignation of a key member over the weekend, michael mansfield qc i think talked about the fact there has been a stunning silence from government and whether there is going to be a replacement. yes, he did. andi going to be a replacement. yes, he did. and i think there is a real, there is a realfeeling of frustration and some anger from some of the survivors about this process. 0ne of the survivors about this process. one of the panellists was changed just before christmas and then it emerged the survivors themselves dug it out that there were some links between that panellists

aerospace company arconic is in the crosshairs.his is "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. time for our stock of the hour. arconic is one of the worst performers in the s&p 500. the stock is shrinking 3% after it was downgraded because of the 737 max. kailey leinz is here with more. i thinkan can blame -- we can blame almost everything on the boeing 737 max. kailey: at least today. the analyst downgraded the stock to underperform from neutral because of the impact of boeing. we had boeing saying it does not see the 737 max returning to service until around june. that is another three-month delay. the faa saying it has no timetable. that could get delayed even further. longbow thinks this will have a meaningful impact on arconic's topline, could bring earnings down to two dollars a share and not 400 to $500 million off of commercial aircraft revenue. boeing is one of arconic's top customers, it second largest, with 8.3% of the revenue share. we k

it wasn't hard to find her link with arconic.e arconic foundation and received it a few months after grenfell. she was the president of the society between 2015 and 2018. she still is a trustee. and there's nothing wrong with what they do. this is nothing personal against her. it's just obviously her receiving charitable money from arconic — the firm, as we know, that made the cladding that caused the spread of the fire — itjust itjust didn't seem right to have her on the panel. you know, it was a clear conflict of interest for us. but yet, to this day, the government still stand by their statement saying that there was no conflicts of interest. yes, the cabinet office say that. they also say it won't be possible to replace her before the inquiry starts today. and she said in a statement it was a regrettable oversight. i want to ask you, does this undermine your trust in phase two of the inquiry at all? absolutely. i mean, i've said this before. we've. .. we weren't already confident in the inquiry, but a strong report came out i

today the inquiry heard about internal arconic e—mails.des of building. as he was writing, grenfell tower was having a product fitted which does this when exposed to flames. arconic has said building designers must do their own safety tests. because no one is accepting blame, this will be a long process and the families will have to wait. it has to be thorough and it has to be transparent. you need time for all this but we are here to ultimately get the truth and justice. these will be highly technical hearings. they'll last until april 2021. tom symonds, bbc news, at the grenfell tower inquiry. the european union's chief brexit negotiator, michel barnier, has warned the window is short for the uk and eu to strike a trade deal before the end of the year. we will formally leave the european union this friday at 11pm, but that's only the first step in the brexit process. there's a transitional period until december 31st, during which time the uk's trading relationship with brussels remains the same while both sides try negotiate a future par

officials have also made it clear that the do not believe that benita mehra's links with arconic wouldaffected her impartiality in any way. the second phase will go ahead tomorrow without her. joining me now to comment on that is a man who lost six members of his family in the grenfell tower fire. thank you very much forjoining us. what is your response to what the cabinet office has said? all checks were carried out? it was very upsetting and disrespectful in the way that we found out. that they hadn't done their check. it is a big embarrassment. they should have done thorough checks well before. it is totally disrespectful, you know. how has it affected your confidence in the process? well, it just shows. by them not doing theirjob in the inquiry, what they're supposed be doing, everyone has the position what they're supposed to be doing, if they're not doing it, it doesn't give you much confidence. would you like to see her replaced with someone else or would you like to see a pause before the second phase of the enquiry, before someone else is fine too as engineering expertise? the

it received funding from the charitable arm of arconic, the company that supplied the cladding to grenfellher resignation comes after survivors and families complained to the prime minister. they had threatened to boycott the next phase of the inquiry. in a letter to the prime minister, she said she hoped to use her experience in the construction industry to help the inquiry discover how and why the devastating fire happened. but she admitted her previous role had caused serious concern for people. borisjohnson thanked her for her commitment and said he was grateful for her sensitivity to the work of the inquiry. in a statement, grenfell united, the group representing survivors and the bereaved, said the resignation helped to lift growing anxiety ahead of phase two but that the government should never have put families in the situation and must urgently find a new panellist to replace her. a report following the first phase of the inquiry into the fire found the cladding was the main reason for the fire's rapid spread and that it did not comply with building regulations. arconic said it wa

mehra was going to provide expert advice to the enquiry, but it has emerged she had a past link to arconicmpany which supplied the external cladding for the tower block. the enquiry has found the cladding did not comply with building regulations, and was the principal reason for the rapid spread of the fire. ms mehra said herformer role as president of the women's engineering society, which had accepted a donation from arconic‘s charity, had caused serious concern to the families. the genfell united group welcomed ms mehra's resignation, but accused the government of failing to carry out basic checks before appointing her. they said a new panellist with expertise in community relations must be found urgently. we can talk to remy mohamed, who is the grenfell project coordinator and caseworker for the independent charity inquest. good afternoon, thank you for joining us. thank you. i mentioned the enquiry being due to resume, and it was mentioned in our report. can it was mentioned in our report. can it still do so as scheduled, in the light of what has happened? the enquiry made an announce

but it emerged she had a past link to arconic, the company which supplied the external cladding for thelock. the inquiry has found the cladding did not comply with building regulations and was the principal reason for the rapid spread of the fire. ms mehra said herformer role as president of the women's engineering society, which had accepted a donation from arconic‘s charity, had caused a serious concern to the families. it's highly unfortunate that this has now happened. the bereaved and survivors should not have been put in this situation. we should be starting the inquiry for phase two with two panel members and now we only have one. the grenfell united group welcomed ms mehra's resignation but accused the government of failing to carry out basic checks before appointing her. it said a new panellist with expertise in community relations must be found urgently. the government has given its clearest indication yet that the hs2 high speed rail project will go ahead. a formal review of the new line from london to birmingham and the north of engand is taking place, following concerns ove

arconic said it was a series of consequences, not just said it was a series of consequences, notjusthe panels, that caused the spread of the fire. tomorrow the 2nd pa rt spread of the fire. tomorrow the 2nd part of the enquiry will begin, hoping to answer questions about what led to the blouse. a cabinet secretary has said it is his gut feeling that hs2 should go ahead. ministers are mulling over whether to go ahead with a high—speed right line with a decision that is expected in the coming weeks. the latest now from political correspondent pete sall, is stephen barclay giving the game away, indicating that the government might go ahead with hs2? we have spoken about the hugely contentious issue of brexit, but the next thing coming down the line, to coina next thing coming down the line, to coin a phrase, is hs2. it is all over the front pages this morning, lots of speculation about how much it would cost to go ahead with it, how much it would cost to cancel it, and it is the main topic of conversation among mps in westminster at the moment, a huge project, the biggest infrastructure

cladding manufacturer arconic had test results suggesting its product might contribute to a fire, buts of high—rise housing developments, including — spelt wrong — grenfell tower. this gives the lie to arconic's previous narrative that all it does is sell the product and that it is not involved in the process of persuasion to get its product onto buildings. and finally, there were the fire safety consultants exova, who produced a series of reports which ignored the fact that cladding would be added. all these companies say they were just part of the project, but the blame lies elsewhere. this process will have to decide if that‘s true. tom symonds, bbc news, at the grenfell tower inquiry. now, this stunning image shows the sun in the most detail yet, courtesy of the world‘s largest telescope, located in hawaii. the high—resolution pictures capture our star‘s turbulent atmosphere. the gold cell—like structures — roughly the size of texas — represent violent motions that carry heat from inside the sun to its surface. shakespeare in love, gangs of new york, the favourite — british costum

cladding manufacturer arconic had test results suggesting its product might contribute to a fire, butow it's used. this internal e—mail in 2014 shows the company hoped to sell to a series of high—rise housing developments, including, spelt wrong, g re nfell tower. this gives the lie to arconic‘s previous narrative that all it does is sell the product, and that it is not involved in the process of persuasion to get its product onto buildings. and finally, there were the fire safety consultants exova, who produced a series of reports which ignored the fact that cladding would be added. all these companies say they were just part of the project, that the blame lies elsewhere.

manchester and g re nfell tower. development in manchester and grenfell tower. 3000 metres squared of the arconicnment had plenty of opportunities to change the guidance it gives to builders when they need to comply with fire safety regulations, but didn't. and it said that could even be a breach of human rights. the government breaching human rights by not being clear about the guidance and not allowing the builders to be guided by what they should do in these situations. this is just the start, just the hearings, the submissions. the evidence is next week. the time is 1.15. our top story this lunchtime... the number of infections from the coronavirus in china reaches more than 7000 — the foreign office confirms a plane bringing britons home will take off tomorrow morning. also today, the brexit property boost in france, with uk buyers racing find a home there before britain leaves the eu. and in the sport on bbc news... a couple of surprises in the women's singles semifinals at the australian open, as world number one ash barty and wimbledon champion simona halep are both beaten. there's been a

meanwhile, arconic is reporting job cuts it expects to lose $400 million in sales due to the boeing planes shares of airbus are higher after it agreed to a settlement into allegations of bribery and corruption the plane maker has been invest gated over french and british corruption dating back over a decade the u.s. launched a probe into the company over suspected violations of export the department of justice's antitrust probe into facebook is reportedly gaining momentum. the department of justice is setting up interviews with rivals of the tech giant as part of that investigation. officials are looking to learn about the competitive landscape of the industry along with the c company's perspectives on with and relationship with facebook >>> the good, bad and ugly stocks to watch this morning first, a check on the worst performing sector this year. energy it is down more than 8%. stay tuned to "worldwide exchange" on cnbc. >> announcer: today's big number, $51.15 billion that's how much the market cap of utilities have gained making it the top performing sector in that period. it's these

on with precision cast parts in terms of potential consolidation at least >> david, remember when arconicad something good going with parts and planes and then i don't know, you chad that curios period where klaus kleinfeld overpaid i'd love to see something happen there, but arconic's become a mystery. >>> mnuchin was on the sunday shows yesterday and said the max could potentially take 50 basis off 2020 gdp, which is, jim, toward the higher end of estimates, once economists fold in boeing into the models late last year. >> this is the issue, when is the max going to be in air i think everybody's been way too optimistic remember, there were people who felt this would be flying last april. i think this is a big issue calhoun will address, look, we have done everything you want but i think the push-back from the overseas faas, going to be a lot tougher than boeing expects. i think we have to stay on it. i do not see the max flying until maybe six months i know that that's maybe even auto optimistic, what i think secretary mnuchin is talking about. >> definitely got to pay attention to rece

. >>> meantime, arconic with job cuts the company expects to lose $400 million in sale due to the plane'shares of airbus are higher after the company agreed to a settlement over allegations of bribery. the plane maker has been investigated for more than a decade the united states joined the probe last year. the agreements required court approval in each country shares are up by $1.22 >>> when we return, dr. scott gottlieb will be with us to discuss the growing concern over the coronavirus. we have three dow components coming up. 3m, pfizer and more. the dow is up more than 50 points right now through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from managing inventory... to detecting and preventing threats... to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. with a nation-leading $150 billion commitment to infrastructure, we're creating state of the art, 21st century transportation hubs, constructing new bridges, bringing high-speed internet to eve

today, the inquiry heard about internal arconic e—mails.ct was too dangerous for the outsides of building. as he was writing, grenfell tower was having a product fitted which does this when exposed to flames. arconic has said building designers must do their own safety tests. because no—one is accepting blame, this will be a long process and the families will have to wait. it has to be thorough and it has to be transparent. you need time for all this, but we are here to ultimately get the truth and justice. these will be highly technical hearings. they'll last until april 2021. tom symonds, bbc news, at the grenfell tower inquiry. the family of harry dunn have met with foreign secretary dominic raab following the us secretary of state's decision to reject the request for the return of american suspect anne sacoolas to the uk. mr dunn was killed when his motorbike crashed into a car outside a us military base in northamptonshire last year. the family spokesman radd seiger spoke after the meeting, which he described as "warm and positive". th

arconic said it was a series of circumstances, not just the presence of the panels, that caused the spreadcially leaves the european union. joining us now is our political correspondent pete saull. pete, a historic week ahead? yes. after the intense political drama of the last 3 1/2 years, this is our last weekend as members of the european union. as of friday, coin collectors will be able to get their hands on a brand—new 50p piece. the coins themselves don't carry the brexit word itself, instead they have this uncontroversial inscription. this week will be all about tying up some of the last loose ends before we leave on friday. that includes a vote in the european parliament to prove that the withdrawal agreement has already passed through parliament here in the uk. that is the last act that british meps will do before they lose theirjobs. at 11 o'clock on friday evening, an historic moment, yes, but nothing much will change because up until the end of this year at least they will stay signed up to eu rules and regulations. as of next week it is the brexit story part 2 as negotiations b