james hughes from axi trader.ill for the late republican senator john mccain, who died on saturday aged 81. republican and democratic senate leaders laid a wreath in the rotunda of the us capitol, where his body is now lying in state. vice president mike pence spoke on behalf of the white house. in the long history of our nation, only 30 americans have lain in state here in the united states capitol road under. today, as a reflection of the esteem in which his collea g u es of the esteem in which his colleagues and our country hold him, senatorjohn mccain joins those ranks. the sun and the grandson of 4" ranks. the sun and the grandson of 4* admirals. he entered the united states naval academy when he was just 17. his service as a naval aviator took him around the world and eventually to the war in vietnam. it was there on his 23rd bombing run thatjohn was shot down and captured. refusing early release for the sake of his comrades, the endured 5.5 years of confinement and torture. then, as now, americans marvelled

with me is james hughes, chief market analyst at axi trader, a brokerage firm.e will get onto crocs soon, all of oui’ we will get onto crocs soon, all of our kids wear them. let's start with turkey, it's been a story over the last few days, particularly friday and yesterday. my main fear, we discussed it earlier, it's interesting for european viewers and those worldwide, the contagion, the impact of the problems in turkey will have on banks across the world, particularly in europe. of course. the issue with the banks, we have these few banks which are a bit more exposed than other banks, but there's a fear of contagion. it's a self—fulfilling prophecy in a way. it's not always driven by the fa ct way. it's not always driven by the fact some economies are the same as others. we look at turkey and say there's a risk of emerging market contagion. the fear these other economies are in a similar situation to turkey isn't necessarily one which is wholly founded, turkey's very different as an economy. it's a very different as an economy. it's a very particular economy

with me is james hughes, chief market analyst at axi trader, a brokerage firm.of our kids wear them. let's start with

james hughes is the chief market analyst at the brokerage firm axi trader.eard about turkey now. the fear among traders is that what is happening in turkey could spread to european banks. we have already seen european banks. we have already seen european banks. we have already seen european banks falling back what is going on with them? there is so much pressure and the big banks that have said to have the biggest exposure are banks in italy, spain and france. those banks were the ones that maybe be the biggest exposure but the talk about contagion and there is discussion about is it going to happen? it almost becomes a self—fulfilling prophecy because you get these movements in banks and then you get the market nervousness that takes over. those jitters then cause of the banks to fall. some of the german and uk banks started to fall aggressively. that is the because they had the same level of exposure, just because the banking sector as a whole has the exposure and it drags others. there are big issues because of turkey and the emergent —— the emerging mark

that was james hughes from axi traders speaking to us earlier.sse jackson is giving his tribute. we can listen in. i want sabrina to stand again. at these months of decline and going downhill, the one who put all the stuff together has been sabrina. give sabrina a big hand, would you, please? applause i visit her at least once a month and every time i was there, but the by the door. give him a hand. stand again. cousin brenda. with your singing self. applause earleane. give singing self. applause ea rleane. give another singing self. applause earleane. give another big hand. no one has been more consistent. well. stand up, will. he has been a trooper. i also want to, in a pastoral sense, thank the funeral home. aretha was very sick towards the end. i was suspecting we should not open the body. but this funeral home, they've done a tremendous job. a big and four 0'neill swanson and his family. and lastly, we cannot think of too much because she is among the living yet among us, and other hand for maxine waters. maxime, stand again, please. three o

we can speak now to james hughes, who's the chief market analyst at axi trader and has been followingrom the city. james, thank you very much for joining us. where did it go wrong for homebase? the deal that saw the australian firm take homebase perceval, was seen as one of the worst deals for a long while. he took the brand but they did not take over any of the ethos that homebase was doing. when you see the situation retailers are in at the moment, high street rhys taylor ‘s —— retailers have been struggling. but that is a lot to do with the economy here for an of different reasons but usually during that time, it tends to be the fact that we look at diy as being one of the better performing areas and that just did not materialise. at the positive news is homebase has another chance. it has another chance to move forward. yes, there is good to be store closures and somejob losses is good to be store closures and some job losses but the fact that homebase continues to function is good to be a very positive move. how did the australian owners get it so wrong? how different is diy and