ben price went to meet her. the past year, she has produced more than a dozen portraits. we had paints and canvases and brushes in the shed, and i thought, why not give it a try? and itjust escalated from there, really. one of her favourite subjects to paint is her neighbour, john tucker, a farmer on the gower peninsula. having photographed him at work, makenzy spent three weeks carefully crafting his image. i was standing in the yard, ijust brought some hay nets down, and she just stopped me and asked me if she could take a photograph. i didn't expect what i did see at the end. it was absolutely brilliant. she's a very talented young lady, really. he's just got a really lovely, kind and friendly demeanour, and i thought that he's local, he is totally unrelated to covid, he just goes about his business every day. and i thought he would just be a wonderful person to paint and a really nice essence to capture. so i was doing five minutes before school, an hour afterwards before sport, it was all broken down. i nev

ben price, bbc news.in 2020 to be cancelled and this year's festival has had to be staged on a much smaller scale. the bbc�*s tim allman has the story. all the greats have played montreaux. for more than 50 years, the artists, the pioneers, the legends. but then came covid, and the music stopped. now, on the shores of lake geneva, final preparations for the festival's return. translation: we've obviously spent |18 particularly complicated months, | first with the cancellation of the festival last year and for this year, it was extremely important for us to succeed, so we took a gamble at the beginning of the year. gamble is putting it mildly. this is a major international music festival, but for 2021, it will only be a fraction of its normal size, and covid continues to cause problems. a number of acts from the uk had to cancel due to the delta variant, and organising a last—minute line—up was no easy task. translation: we didn't think. we would be impacted this much. we have been fishing for information,

ben price, bbc news.ine's defence ministry is asking its female soldiers to do. the country is preparing to stage a military parade on 24 august to mark 30 years of independence following the collapse of the soviet union. but the government's plan to have its female soldiers walk in high heels has caused anger and fury in the country. as you would expect. 0ne opposition member of parliament thought it was a hoax but when she realised it wasn't fake news she said it was sexism and not equality. a group of lawmakers are calling on the defence minister to make an apology. now it's time for a look at the weather with nick miller. there is a spell of heavy rain clearing northern england as it moves northwards across scotland going into this evening. elsewhere, there may be some warm sunny spells around, but we are dodging the downpours, heavy showers and thunderstorms. there could be a nasty line of them affecting parts of south—west england. varied rain totals, someplace is staying dry, other places with a ri

ben price reports. the warm summer sunshine, having some food and a few drinks when a car drove off the road and crashed into a group that was set on this benchjust behind me here. police and emergency services arrived at the scene shortly after, and today, they've released a statement thanking those who responded very quickly to the people who were injured following the collision. now, we also understand that the driver of the car was a 79—year—old gentleman who had a medical episode behind the wheel of his car which it's believed caused him to veer off the road. but south wales police are continuing their investigations today. ben price there with that report following that dreadful crash in south wales. much more coming up in the next half an hour. now it's time for a look at the weather with ben rich. that evening. storm clouds gathering to the south of the u kate setting us up for some southern areas with a heavy downpour. these pulses of rain pushing up through south england and south wales of the

actually, if. you look at their share price, ben, not too worried at the moment. e have seen their share price rise, 10% over the past month, and of these issues have been debated, one by one these big organisations, from the g7 group of nations agreeing a deal in cornwall to the 0ecd and now, the g20 group of finance ministers. i think the very fact that this was already on the table and had been factored into their share price and also, there are a number of hurdles as well to get through. the 620 hurdles as well to get through. the g20 have not quite signed off this deal yet. it has to be agreed. there are still some countries such as ireland resisting because of because ireland has certainly profited from the likes of apple and head quartering in ireland. of course, it is not illegal at all, it is perfectly legalfor companies to action —— a in this way and headquarter in a country even though the bulk of their profits are made in other countries. sdl really does aim to stop but by setting this minimum standard. cavort sdl really does aim. some campaigners belie

ben: i think it is all about what happened to price actions.ou've also got to take into account that we are dealing with some really big numbers here. from a european equities perspective, you've got your on your come a quarter on quarter numbers that are up well over 100% on average, and again, and certain circumstances, that is going to be hundreds of percentage points. so this quite a lot of variants that can potential he happen, and you have seen an incredibly strong delivery from european equities running into this period. i think it is natural to some extent with everything that is going on with the delta variant come with softer economic data, that new investors are perhaps being cautious about some of the results. alix: does that mean we have seen peak earnings and that all of that is priced in? ben: i suspect not, but i think investors are going to be rewarding different types of returns. the companies that i think have been well rewarded by investors are those saying our businesses are in really good shape, not just benefiting from yo

prices. they own ben & jerry's, dove soap. p&g raising prices. general mills raising prices.ake on this argument. the white house has been saying half a dozen periods when inflation passed 5%. biden team says we're living in a post-world war ii environment. is that true. >> no. we have a very simple problem which is the american rescue plan was two trillion dollars in an economy that didn't need that kind of stimulus and it produced an enormous amount of cash. first it was sloshing around in asset markets. we have a lot of asset price inflation. now moved into supply chains and consumers prices. if the fed chooses to step in to control that, it will do so, cutting back on liquidity, raising rates. equity markets will correct, they will go down, no doubt about it. the problem is the main street economy goes down as well. that is what you want to worry about. that is not the thing to solve this problem. the thing the administration needs to do, do no more damage. the kind of spending that produces productivity, hard infrastructure spending is on the table in the bipartisan bill

ben price has been finding out more. of her favourite subjects to _ there, really. one of her favourite subjects to paint _ there, really. one of her favourite subjects to paint as _ there, really. one of her favourite subjects to paint as her— there, really. one of her favourite| subjects to paint as her neighbour, john tucker, a farmer on the gower peninsula. having photographed at work, mckenzie spent three weeks carefully crafting his image. —— makenzy. i carefully crafting his image. -- maken . ., , carefully crafting his image. -- maken . , ., makenzy. i was standing in the yard, i 'ust makenzy. i was standing in the yard, i just brought _ makenzy. i was standing in the yard, i just brought a _ makenzy. i was standing in the yard, ijust brought a notes _ makenzy. i was standing in the yard, ijust brought a notes down, - makenzy. i was standing in the yard, ijust brought a notes down, and - makenzy. i was standing in the yard, ijust brought a notes down, and she just stopped me and asked me if she could take a photo

but more than a 3rd is lead to long queues of petrol stations and triggered price hugs on consumer goods. violent protested ben rock in the country for weeks. unrest, there's been getting momentum since 2019 fuel by the currency devaluing. soaring prices and political instability into $2000000.00 report masses per cues have become a regular side across lebanon, as people line up for hours in front of gas bumps causing heavy congestion. the country which had so far subsidized few medicine and wheat, has now begun rolling back a subsidy program starting with fuel to preserve its last remaining foreign currency reserves. petrol prices have increased by more than 35 percent as a consequence, and medicine could be next. some residents say they spend the entire night in their car, only to be able to fill up $15.00 to $20.00 leaders of gas and oftentimes, not without bribing gas station employees. every day we spend hours waiting in line to fill up with petrol. the main problem is traffic and i end up making very little money. after i bought food, i don't have much money left, but what can we do? the price of fuel is

you'd look at unilever they are & jerry'sices and ben general mills is raising prices.e on this argument the white house is saying there've been half a dozen. when inflation took out 5%. biden is saying we are living in a post-world war ii environment. is that true? >> no. we have the simple american rescue plan that was $2 trillion in the congress did need that kind of stimulus and it's put us in with an enormous amount of cash. there's a lot of asset price inflation and moved into the supply chain with consumer prices. the fed chooses to control that it will do so by cutting back on liquidity raising rates and you'll see equity markets correct and they will go down no doubt about it. that's what you want to worry about. that's not the way to solve the problem. the thing the administration is doing is to do more down -- do no more damage. it's on the table in a bipartisan bill on the kind of spending that exacerbates inflation is everything in the reconciliation bill. that's where the danger is makingth it worse with $3.5 billion. elizabeth: it's like the states are of

amy: this is not priced responding to questions on ben & jerry's earlier in the week. >> i don't have reaction regarding the actions of a private company. what i will say is that we firmly reject the bds movement, which unfairly singles out israel. the biden harris administration will always respect the first amendment rights of the american people. the u.s. will be a strong partner in fighting efforts around the world that potentially seek to delegitimize israel and will work tirelessly to support israel's further integration into the international community. amy: if you could respond and also talk about the letter that your group j street and new israel fund and others have written to 35 u.s. governors. logan: i will take those -- - ty are sort of related. it is notable the israeli government has been writing to governors rather than the federal government. there has been an effort going on for years to pass and push these insidious, constitutionally dubious anti-bds laws at the state level. there have been efforts at the federal level that groups like j street have advocated to blo

the company behind hellman's man nation and ben an jerry's say no, it's not. pricingis a simply case of the president doesn't get to go to the store and see what you're seeing. prices are going up. many companies are saying the price hikes are going to continue and maybe for a good while. edward lawrence has been tracking this. i guess we're in for some sticker shock for a while, huh, edward? >> we are. neil, i'm going to use this company unilever as a bellwether. you've used their products. ben and jerry's ice cream, dove shampoo and hellman's mayonnaise. sales were up 5%. that's good news. tucked into the fine print it says that operating margins are expected to be flat in 2021 even though the company says sales will grow 5%. what that means is the cost to make their goods have gone up and the company will pass that on to you to meet profit goals. at the white house, they're still deflecting. listen. >> first, i would say the president is quite focused on making sure we're doing everything we can to help middle class families as the economy is recovering and as ther

price. our business presenter ben thompson is in northwest london and has more. quickly prices are rising. it could mean you will get less of this stuff for your money. your pound will go less far the higher inflation goes. those are the implications, because for the bank of england, they will be keeping a close eye on it because it then has a knock—on effect for things like interest rates because they may decide to raise interest rates to cool inflation because it encourages us to put money in the bank rather than to go out and spend. great news, of course, if you have any savings, not so good if you have a credit card or mortgage. so it proves how interlinked all these things are. but you're right, it's because the economy is trying to get back to some sort of normality. lots of changes over the last year as a result of the pandemic. the question is whether this rise in prices is temporary or it is something we need to get used to. let me introduce you to dr linda yueh, an economist. so much has changed this last year. is this rise in inflationjust a product of

careful of thinking about what the real value of any asset is worth, not just what the current price is. ben return. meanwhile, germany has listed spain as a "high—incidence area", due to concerns about a spike in covid infections. so travellers arriving back into germany who aren't fully vaccinated will have quarantine. here's eric dresin, secretary general of the european travel agents' and tour operators' associations, on germany's decision. this is a sad decision, if i may say like that. there is already about 200, 250,000 like that. there is already about 200,250,000 german people in spain today. so first of all, this is a keyissue today. so first of all, this is a key issue for them, to consider how they can travel back. now, of course, you have a lot of people who planned their holidays for spain. and for sure, there will be changes in their plan. maybe not massively, depending if they are fully vaccinated. but for sure many people will reconsider their destination. let's get some of the day's other news. surging demand for uk houses will last well into 2022, as buyers continue to loo

pricing is approved, it wouldn't take effect for at least 3 years. >> you can expect apparently to pay more for some popular household items. the parent company behind products like dove soap, ben and jerry's lipton tea. it says it is raising prices. it is blaming higher prices for things like transportation crude oil and packaging. and back to school shopping might be a little tougher this year because of a shortage of some supplies. this is affecting things like stationary backpacks shoes, sporting equipment, even laptops again, shipping delays and production problems being blamed here. nonetheless, the national retail federation expects back to school spending the average $850. a family. >> next at 10 o'clock. dramatic new video of the monsoon is causing big problems in arizona are dangerous flash floods washed away roads in overwhelmed highways. we were on hopeful. >> and then the next morning i woke up and hit refresh and there was the picture of our own. >> also in northern california family sharing pain trying to move on after they lost their home to a fast poving wildfire and the mayor of antioch announcing a new initiative to try to get teens off the streets. up next,

ben: interesting how emerging markets have priced in a bit more rate hikes then develop markets, reactiono -- reacting to inflation quicker. there is an interesting difference between interest rates there versus developed markets so i think more and more investors will start to take a look at it as these central banks complete their cycle in the next year or so ahead of the fed and therefore, you know, depending on where inflation comes out -- in some ways, inflation is higher than it will be here, but it's an opportunity you can start considering in the developed markets. the fed has laid out its initial plan and therefore, i think risk at the moment is limited. haidi: one of the other themes we continue to follow is meme stocks and how they potentially react as the wall of easy money starts to pull back inevitably. the robinhood ipo details we have been tracking, what does it tell you about what potentially the future holds for this part of the market, given all of the regulatory concerns and given, you know, maybe surprisingly, how much of that revenue came from crib go. -- crypto. ben

ben: only thing i can say with certainty about the oil price is it it is going to be volatile.t the underlying fundamentals and take out some of the sentiments, i see a limitation to the supply that can be brought on. and i do see a strong recovery in demand, despite what some of the concerns and worries maybe. as i said earlier, i think we are looking at an almost 100% recovery of the liquids in our own portfolio. we are looking at significantly above 100% in lng and gas. there will be a relatively tight market for a few quarters to come. do not asked me to extend that into next year. on a planning basis, we always take a conservative approach as well. at this stage, i felt pretty good about the market -- you're pretty good about the market for mementos -- i feel pretty good about the market fundamentals. anna: you recently suffered a loss in a court ruling. at the same time, you have your own plans around the transition. you are accelerating the energy transition strategy. what kind of messaging, because that might see might see my confused messaging to the layperson around y

ben's on bill hunterman. thank you both so much for your time in analysis. welcome. and the price a bit coin rose back above $32000.00 late wednesday while a theory m eclipse. $2000.00. the search comes is tesla ceo, eli must said the e v maker will likely restart accepting bitcoin as a payment for its vehicle during a virtual panel. during the b word conference with twitter ceo jack dorsey and our founder, kathy would, must said he wanted to confirm renewable energy usage in mining was above 50 percent. and if so, quote, tesla would resume accepting bitcoin. i believe he also added, i think we will do that. dorothy and musk also talked about what drew them to the world's most popular crypto currency. it's 1000000 information system. so i think it makes sense to support something that improves the be the quality of information with which we conduct the economy. and quinn is a candidate for the client, per se, is mostly solving for scarcity, or rather solving force. essentially having no throats to show it would be centralized when i saw bitcoin in 2009, you see a chance to replace

the price action today would not make you think there any questions around the valuation. benrse. maybe they are thinking the company was valued at $5 billion. it makes you think maybe we have it wrong. i think you if you are wiser, you are certainly sitting back saying job well done, it has vindicated that strategy and has been interesting when you have a startup coming to the market that is profitable and has the luxury of being able to take the decision of do we ipo or do a direct listing? it has worked out very well for them. guy: did they take a risk on doing this in london? ben: i think they did. they are pretty much the first one. the cfo said -- one of the executives said that london is a pretty good place to do a direct listing. behind that there must've been a sigh of relief when the shares popped. when you look at what happened in the u.s., you have coinbase recently. that innate -- that did not take off as much as everybody hoped. the spotify listing and that doing well. if you think about listing in the u.s., it did take a risk. i would say paid off. taylor: talk

now ben biden claims there is proof that inflation will only be temporary, but i mean, is there anything to suggest that prices will actually go down, or is the expectation that they will eventually just stopped going up? well, i think it's more of a ladder than the 1st. there is no indication right now that we're going to see prices actually go down at this point. in fact, some of the more recent claims that are being made by the fed even is that it's more permanent than they've been letting, not listen. i've been saying for some time as you guys know, inflation is worse quite a bit worse than what we're being told. it's not just that we're figuring this out as we go, but the fed has been dishonest so far about the inflation that we've seen. the rates that we've seen, and they're not becoming more honest as time goes on. in fact, what president didn't is now saying about, it's all going to change to why the fed policy is not changing. the fed continues to print, they continue to buy large amounts of debt, even though they're supposed to be in the, in those programs. they're not really doing anything that's go

he denied involvement in price talks and state committed to the idea that solarcity was critical to tesla's success. i will bring in ben caddo. he has an outperform rating currently -- what do you think? ben: thank you for having me on. i think, looking back on it -- there was a lot of controversy. first of all, he recused himself from voting. even though he was the chairman, he did recuse himself. i think it is pretty interesting that he did take the stand. looking back, 2016, tesla energy did about $300 million of revenue. we forecast about $3 billion. in five years, 300 million to $3 billion. i think it was a good choice. there is solar involved. but, that is pretty spectacular growth. emily: we talked to dan ives yesterday. he thinks this whole deal is one of the biggest black eyes on tesla and elon musk that he has seen. they have made a lot of risky moves and a lot of them have paid off but he does not believe this one did. ben: i was down in the trenches during this, i think i was one of the only analysts covering both stocks. the integration had a lot of questions about crossownership between the companies. i t

ben & jerry's ice cream. that will hurt the full-year profit margins. these priceben and jer riff's ice cream, ben & jerry's ice cream will not sell ice cream in parts of is railing. forget it. as far as i'm concerned i never ate ben & jerry's ice cream. i will ask my supermarket to remove it from the dairy counter. lauren: let me know what they say? because they make very good ice cream. getting politics involved in what tastes good. stuart: it is unavoidable. don't boycott israel and expect me to buy your damn ice cream, thank you very much. >>> parents at one school board meeting had enough with their children wearing masks. watch this. >> you're sitting here without masks and you want them to wear mask. >> do your job and take the masks off of our kids and stick to education. stuart: school board listen to those messages? we'll tell you. plus, this is becoming all too common in california. two men brazenly walking out of a local tj maxx carrying handfuls of stolen goods. we've got the story. surge of migrants on our southern border increasing exponentially yet

price. to explain what that means, we are going to be speaking to our business correspondent, ben. going to keep going up, and they have been going up? giue are going to keep going up, and they have been going up?— have been going up? give manning, lukwesa. have been going up? give manning, lukwesa- we _ have been going up? give manning, lukwesa. we are _ have been going up? give manning, lukwesa. we are in _ have been going up? give manning, lukwesa. we are in north-west - lukwesa. we are in north—west london, looking at the implications of that rising inflation. inflation shows how quickly prices are rising. it could mean you will get less of this stuff for your money. your pound will go less for the higher inflation goes. those are the implications, because for the bank of england, they will be keeping a close eye on it because it then has a knock—on effect for things like interest rates because they may decide to raise interest rates to cool inflation because it encourages us to put money in the bank rather than to go out and spend. great news, of course, if you have any saving

that we have lower prices, higher wages, more money, more options, and more can be used for the american people. joining us now to discuss is blue bus co hosting investigative journalist ben want. now, ben, we know that there are a number of big tech builds, attempting to move through congress right now. how do these executive actions impact all of that? well, it takes some of the ideas of some, not all, but some of those bills that are we with the congress and what it does and i actually like this part about it is instead of trying to dictate or legislated by fiance, which many presidents try to do with executive orders. president biden, in this case, is directing federal agencies that already have authority to start using their authority rather than sitting back on the sidelines of waiting for congress to rewrite rules. i think that's a smart move, but just to kinda break down some of this, you know, you heard what the president said there about competition, specifically, and about working to eliminate some of these mergers and acquisitions. i think both of those are useful. they're already exist in some of these bills that are trying to move forward, but we don't know

price of used cars. that just took place. host: let's go to ben, calling from springfield, massachusetts. good morning.aller: good morning and thank you for taking my call. i am calling in support of the president. i think the president has done an excellent job. a lot of griping and complaining because trump is not there anymore, and he should be in jail for trying to take over the nation. trying to illegally take the government back, when he lost an election. but there are a lot of things that are happening in our country. people who are opposing the president should at least after six months that he has been in office, be willing to support him at least now, six months, 80 even a year. host: let's go to ruben, who was calling from earlier 10, north carolina. good morning. -- calling from burlington, north carolina. good morning. caller: good morning. i would like to make a comment concerning joe biden, who is in my opinion working as hard as he can to fix all of the problems that has happened to this country over the last two years, three, four years, and i know he is working hard. this man is not t

but are rising prices here to stay? ben is at a market in north london for us. morning, ben.ould hit us all in our pockets.— if it does go up it could hit us all in our pockets. yes, we are looking at the cost — in our pockets. yes, we are looking at the cost of _ in our pockets. yes, we are looking at the cost of living _ in our pockets. yes, we are looking at the cost of living today _ in our pockets. yes, we are looking at the cost of living today because l at the cost of living today because we will get the latest official figures just after 7am which will show us quite how quickly prices are rising for all of the things we consume, and particularly we will be keeping a close eye on things like food and clothing prices and energy, whether that is the gas and electricity we use at home or the petrol and diesel we put in our cars. because it really does have the power to affect the money in our pocket. it tells us how far our money will go and crucially, it has implications for things like interest rates as well. let me explain what we know has happened so far because you t

ben eamons, thank you. >>> when we come back, more of the big money movers and shares of ford racing higher. >>> first, as we head to break, check out bitcoin and other cryptocurrency you see pricesor bitcoin. ethereum price is $2,300 litecoin is $183 stay tuned more when "worldwide exchange" returns after this break i'm still 35. that's why i take osteo bi-flex to keep my moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. find our coupon in sunday's paper. ♪ put a little love in your heart - david ruffin ♪ osteo bi-flex. my bad, my bad... good race! -you too! you were tough out there... thank you, i'm getting you next time though. oh i got you, i got you. hamblin goes down. d'agostino helps hamblin back up. are you okay? -yeah. >>> welcome back to "worldwide exchange." time for the big money movers. three stock stories of the morning. first, ford. automaker reporting a profit and sales rose 40% in the second quarter. beating analyst forecast strong demand for the vehicles allowed them to forego discounting. the company raising guidance for the full year, but notes headwinds are rising commodity prices and $1.5 billion in costs

prices. the sales were pretty solid. on the home consumption line, there was a small drop in sales of products like ben & jerry's consumedme as people come out of lockdown. the beauty products section is increasing well in terms of sales. those numbers are pretty good. we're waiting to see the company separate it's tea business. the valuation is quite low, a 20% discount. the main take was the week margin outlook. the sales are pretty solid at unilever. mark: my team is very excited this morning talking about the new guidance from texas instruments as one of the largest chipmakers in the world. what is going on? joe: a bit of a change in the narrative. in the u.s. we have had talk of a chip supply shortage, really high demand. texas instruments is not positive on it sales outlook. the current orders are strong with long lead times, but the whirring thing is management will not commit to an outlook on sales. people are saying, was it panic buying and the expectations of a shortage that could lead to a crash later. we would look at shares of microelectronics in europe. anna: let me ask about the u.k. bank, 54% owned by the

ben, and could that change the calculation for the rest of his economic agenda like that massive reconciliation bill? >> it could and there is serious, i mean 5% plus inflation that we saw last month. serious priceo argue that they're temporary that the economy comes back online, but it caused some concern and caused some concern with the fed as well that we're seeing these price spikes. and that makes it a little hard to argue for another $3.5 trillion in spending, but they will make the case and we will hear the president make the case later that we can get more people back into the workforce through childcare and universal pre-k. these are efforts to bring more people back into the labor force, increase productivity, and it undercuts inflation. in the near term it is a real risk. we see prices rise more than wages. it makes people feel like they have less money to spend, makes them worry about the economy, and couple that with the delta spikes that we're seeing and you have a risky time right now for the u.s. economy. >> leann, we know that senator schumer said he wants this deal done before the august recess. he wants a procedural vote on wednesday. at last check there had not been a bill wr

it's not a tax increase price, it's to make the companies to formulate, as they did with the sugary drinks tax, they take the bad stuff out and make the worst food better. benorning, getting reaction to the report. good morning to you from leeds. we have come down to the farm to get a sense of what that report could mean for the farming industry but also for the wider food industry because there are three key findings in it. 0ne suggesting there should be a greater tax on salt and sugar. we should also be consuming less red meat. but also that there needs to be better education about where our food comes from and how it is produced. let me introduce you to angela, the farmer here. good morning. look, that education point, first of all, is a really interesting one, isn't it, because what you do on the farm is make sure people know where their food comes from. yes, we are an open farm. we are open to the public. we do a lot of school trips and it is really important that these children realise where their food comes from. a lot of them think that milk comes from the supermarket and obviously, it doesn't, it comes from a cow, and we explain that to them. and i