mostly berkshire hathaway that i distributed pro rata to everybody. david: ok.hen you started buying more stocks through the vehicle berkshire hathaway? mr. buffett: stocks and businesses. yeah. david: what would you say is the reason for your ability to do this? was it that you studied the companies more than anybody else? you stuck to your principles? that you were smarter than other people? that you were better principled? people were just caught up with fads, and you did not get caught up in fads? what would you say is your reason for success? mr. buffett: the first two. we bought businesses that we thought were decent businesses at sensible prices, and we had good people to run them, but we also bought marketable securities in berkshire. over time, the emphasis shifted from marketable securities over to buying businesses. david: what was the theory behind buying a railroad, because people thought they were fossil businesses? mr. buffett: the railroad had a bad century. they were kind of like the chicago cubs. everybody has a bad century now and then. ♪ ♪ da

berkshire was just 13,000 gathered at stonehenge. one of the places to reach 30 degrees today. what do you make of these temperatures? very hot. from birmingham to berkshire, the heat has sapped energy but not ideas for keeping cool. at least according to one pensioner. you just ta kes a according to one pensioner. you just takes a more clothes off, don't you? it gets embarrassing eventually. the met office confirmed that today was the hottest june met office confirmed that today was the hottestjune day since 1976. in fa ct, the hottestjune day since 1976. in fact, it hit 3a.a degrees. not everywhere was sunny today. this was newcastle. there was also rein in scotland. in southern areas, keeping cool scotland. in southern areas, keeping cool, not dry, has been the priority on this, the longest day. the headlines: it isjust the headlines: it is just after 11:15pm. the government has set out a range of measures to bring into law with brexit at the top of the agenda. mps have debated the speech in the commons. the prime minister said he

if you going to berkshire -- go into berkshire, you stay.hat is so compelling to people who care about the businesses. julia: obviously, we have seen active is a making some changes with the ceo in nestle -- activism making changes at the ceo in nestle. what is your thought on the buyback and what they could buy here? the landscape is changing so much. how much flex ability did they need and firepower in terms of cash? tom: the business is being transformed both internally and externally. the external reaction to the e-commerce, the introduction of -- into the formerly tied up routes to market that once results around the world, especially in the emerging market, are falling away as alibaba can deliver a coca-cola to the most remote village now. before, it was a question of who is in that network of very traditional retail? is being transformed externally and nestle is, trying to figure out where the highest returns are going forward. we have the prospects under a new ceo of being much more demanding of the businesses near-term performance t

berkshire hathaway emerged out of that process. we got together.the government play any together orging you was it purely in the private sector realm? >> this was 100% in the private sector. the government had nothing to do this. joe: let's talk about some of the aspects of the deal itself. are better terms than the company previously had from the of credit. how does the ultimate numbers compare to what you're ultimately going for here? entered into the agreement with berkshire were focused what will be the stand by theme. facility there was a stand by fee of 2.5% and drawn interest rates of 10%. in this facility, after we the first -- if will be 9%. fee.1% stand by that was particularly important as we expect to be able to pay to zero overlity the course of the next 45 days. joe: let's talk about the brand now. hathaway, warren buffett specifically talk about the brand and how you can spend years building it up and destroy it. hcg is the brand value of given the recent trouble? >> i think there's no question that the brand value of hcg has byn neg

of berkshire hathaway, which owns b.n.s.f. railway, one of the funders of the newshour. >> woodruff: now, a sexual assault scandal that has rocked baylor university, and ignited questions over whether the university ignored the complaints of victims. the school confirmed in recent days that it is also the subject of an ongoing n.c.a.a. investigation. that's the focus of our weekly segment, "making the grade." john yang has the latest. >> yang: more than a dozen women have filed lawsuits against baylor, the country's largest baptist university, saying the school ignored or mishandled their claims going back several years. the school's board of regents has acknowledged that 19 football players were accused of criminal, sexual or physical assault. one of them, tevin elliot, was convicted and sentenced to 20 years in prison. the head football coach, art briles, was fired, and the president, ken starr, quit after he was demoted. paula lavigne is a reporter with espn, investigating these allegations. she's the co-author of a forthco

berkshire hathaway another big investor in the company.ichael, it's kind of hard to make the case that this isn't political if qatar is coming in to buy when their stock price is so high. michael: yeah. well, although qatar has made some similar moves. it could be seen as operational. they've made an investment in latam airways which is a big airline in south america. they have a 20% stake of i.a.g. which is the owner of british airways. so they have a history of making investments. and they could be seen as -- could be beneficial to them in terms of getting an ally. also, they -- as you said it -- there may be some politics at stake. they've got some issues with their neighbors and again, the united arab emirates and such. and they may feel like cozying up to the u.s. government, cozying up to a u.s. airline is in their interests. geo politically at the moment. julia: good luck with that. they can make a passive stance initially. they a acquire what 4.75% of the shares without actually having to get board approval. so if they want to star

how did this deal with warren baoust and berkshire hathaway come about?well, we've had a process undergoing for about six weeks. and we've been out there. we announced that we were seeking strategic alternatives. and that process has been pretty robust. both in terms of strategic partners as well as financing alternatives and asset sale alternatives. so berkshire hathaway emerged out of that process. and that's how we got together. joe: did the provincial government play any role in bringing you together or was this purely in the private sector realm? >> this was 100% in the private sector. the gofments of any stripe had nothing to do with it. joe: let's talk about some of the aspects of the deal itself. these are better terms than the company previously had from the hoop line of credit. how does this -- how does the ultimate numbers compare to what you're ultimately going for here? >> well, when we entered into the agreement with berkshire hathaway, we were really focused on what would be the stand-by fee here as you're aware in the hoop facility, there

but what i can tell you is even before we did the deal with berkshire hathaway, we were seeing a veryturn to our deposit flows. and we expect that with this stamp on us, that that should improve dramatically from there. in the long run, are we going to be an h.c.g. brand? i can't speculate on that. but for now, it seems to be working. vonnie: joining us from seattle now is bloomberg's warren buffett reporter, we have -- always does a fantastic job. why would warren buffett be taking a stake in this mortgage lender? such a large one. >> yeah. well, i think the simple answer is that he got a price that he was interested in. this is straight out of buffett's playbook. he said a couple of years ago that berkshire hathaway has become -- his firm has become the 1-800 number in a market crisis. what we're seeing is really just an example of that strategy. he's done it time and again. he really likes doing it with financial firms. he did it with bank of america. he did it with goldman sachs and with g.e. during the financial crisis. vonnie: that's right. >> these deals are structured in a way

berkshire was just one of the places to reach 30 degrees today. not ideas for keeping cool — at least according to one pensioner. you just take a few more clothes off, don't you? it gets embarrassing eventually. the met office confirmed that today was the hottestjune day since 1976. in fact, it hit 34.4 degrees. but not everywhere has been sunny today. thunderclap. this was newcastle. there was also rain in scotland. in southern areas, keeping cool, not dry, has been the priority, on this, the longest day. duncan kennedy, bbc news, in berkshire. what about those storms? chris fawkes has the details. yes, it will go with a bang eventually, the hottestjune day for 40 yea rs, eventually, the hottestjune day for 40 years, and it was also the hottest day of the year so far in wales, temperatures up to 31 degrees just a few moments ago. after such a hot day, temperatures will be slow to fall away, 26 degrees at ten o'clock this evening, another uncomfortable one for getting some sleep overnight. but change is on the way, hot air with us at the moment, b

sot steven castillo, berkshire hathaway home services "quiten fotos...porque cuando una persona entramaginarse que el espacio es de ellos." coloque lo más que pueda en contenedores en el sótano o garaje, y deshagase de cualquier mueble grande que no piense llevarse a su nuevo hogar. antes de mostrar su casa, abra las cortinas y deje que entre la luz natural. pídale a su agente que encienda todas las luces cuando muestre su propiedad. esto hace que su hogar luzca más grande y acogedor. arlen outro consumer reports dice que 9 de cada 10 compradores buscan casas en internet. así que recomiendan que tome fotos de alta resolución de cada habitación con luz natural. cesar ---preste mucha atencin si piensa viajar al parque ''yosemite''... take vo ---las vas de acceso ''el portal'' y ''arch roch'' permanecen cerradas debido a la cada de rocas.. ---el hecho se report dentro del parque ''boundary'' cerca de dos millas del parque principal... -- nadie resulto herido e incluso ningn vehculo result dañado pero el acceso seguirá cerrado hasta el fin de semana.. ---los otros ingresos al parque si es

i think berkshire hathaway should be consider the first.realized in terms of financial investments he is sitting here, if you had to guess? scarlet: billions and billions. julia: any more specific? joe: i can't guess because i know the answer. julia: you know the answer. $40 billion. joe: there are two extraordinary things, 2011, we think of the financial crisis as 2008 to 2009. deal well in the his bathtub. he was in his bathtub and he said maybe i will invest in bfa -- b of a. scarlet: that adds to his legend. he comes up with his brilliant idea. as if anyone could do that. >> i'm interested in home capital. inspiredd be another investment. we shall see. saying he doesn't think it is on the same scale of returning. a look at have berkshire hathaway's holdings overall. kraft heinz the number one investment. wells fargo prominent as well. there are a number of names that are not banks. american express. moody's. we didn't mention goldman sachs. plenty of banks. u.s. bancorp. a pretty long line of financials. coming up next, the country's bi

vinnie: a pretty phenomenal payday for berkshire hathaway and warren buffett, $12 million.t was a great trade. >> a pretty sizable sum radio was symbolically a vote of confidence, wasn't it? from warren buffett in the banking sector. and the banking sector really needs it. vinnie: you look back and say, of course the banks are going to be ok, but it wasn't so clear at the time on the day. it's a very cleverly arranged a deal with convertibles, to hit the dividend, at a certain number. he's keeping his wells fargo shares. he's not doing anything with goldman yet. this is interesting. >> he tells you, only invest in the things you really understand. it's also through the post stress test liberation for the banks. them a chance to just take off the mantle of financial crisis. >> and that page. rallying the most in two years after the athletic brand delivered a rosy forecast. the company announced it would for a relationship with choppers, a move that would let mx -- amazon an instrument users by its sneakers directly. joining me now is matt townsend. what is a game changer her

when they told the agency adopt berkshire, they'd like to move forward , berkshire, they'd like to moveeding families, their indian heritage meant there was no point proceeding. their indian heritage meant there was no point proceedinglj their indian heritage meant there was no point proceeding. i was quite hurt. we had already gone through a long journey and initially i was hurt. then i was angry. they should be looking at us as people and understanding more about our lives, who we are and not just one particular area such as cultural heritage because that can mean anything. the couple, both born and raised in britain, tried to get the decision reversed through the agency's own complaints division. they've had support from their own mp theresa may. they haven't even been allowed to start the long application process, which is why now they're taking legal action.|j feel that the council has got it wrong in the sense that they have prioritised cultural heritage as the one and primary factor that they will consider before even allowing couples to register. the effect of doing that is crea

my great—great—grandfather was the mp for berkshire between 1860 and 1876.rd, no record of him ever troubling hansa rd with there is no record, no record of him ever troubling hansard with any speech... (!) laughter even a speech... (!) laughter evena maiden speech... (!) laughter even a maiden speech. but he was asked by benjamin disraeli to move the loyal address in 1869 but replied, as a matter of principle, he never spoke in parliament(!) laughter as you know, my father was one of your predecessors, as member for buckingham, and told that story to speaker thomas, who clasps the hand to his head and said, howl speaker thomas, who clasps the hand to his head and said, how i wish there were more like him in the house! laughter mr speaker, house! laughter mrspeaker, i house! laughter mr speaker, i still think of myself as young... laughter cheering of course you are! being asked to do this senior honour reminds me that i am as golfers put it on the back nine...! in the election we have all just endured or enjoyed, whatever your perspective, i faced a labour

berkshire hathaway took a 38.4% stake and about a $1.5 billion u.s. dollars credit line.ld warren buffett taking a stake in this mortgage lender? such a large one? >> the simple answer, you get a price he was interested in. this is out of buffett's playbook. he said a couple of years ago that berkshire hathaway has become his firm, the 1-800 number in a market crisis. what we are seeing is an example of that strategy. you have seen it time and again. these deals are structured in a way that berkshire hathaway not only earns a high yield on the debt part of the transaction, but often get some sort of equity in the mix as well, which serves as a kicker. you know, if buffett is right and these embattled firms return to investors' greases, they make a lot of money in the process. jonathan: 34 of the largest banks cleared the first round of the federal reserve stress tests, examining their ability to withstand economic shock. tests come next week when the fed will release findings from its competence of capital analysis and review. those test will be watched by investors as th

it was a different kind of tradition, underway at this shelter in berkshire.kind of heat. how much heat can you take? not a lot. i'm one of these people that if i have any time worth talking about the sun, then i go like a rotten banana. what do you make of these temperatures? very hot. too hot? too hot, yes. in many places the only breeze is man—made. and when it comes to potential records being broken in reading we are reading all about it. is it uncomfortable, this kind of temperature, around the 30 degrees mark. is that too much? no, i can cope with it. yes. you just take a few more clothes off. gets embarrassing, eventually! you need a special kind of coat to attempt this. 0fficial advice is be very careful of swimming in open water. but are we heading for a record—breaking june? the temperatures today are expected to rise between 33 and 3a degrees. if we get to 33.9, then it will be the warmestjune day since 1976. but as always, we are one country divided by a common summer. this was newcastle this morning. southern areas have so far missed that. here th

a sikh couple say a berkshire adoption agency told them they were the wrong culture to adopt a whitechild. and the changing face of banking. this is what we've come to. less a cash machine than a mini bank. and coming up in the sport on bbc news, johanna konta prepares to carry british hopes at wimbledon as she continues her grass court preparations at eastbourne today. good afternoon and welcome to the bbc news at one. the internet giant google has been fined a record £2.1 billion by the european commission for putting its own online shopping services at the top of search results. it's the biggest fine in the commission's history. it said google had abused its market dominance. google now has 90 days to end the practice. more details from our technology correspondent rory cellanjones. but the name of something you might wa nt to but the name of something you might want to buy into google ‘s search engine and right at the top, up pops a helpful box with images of products. do it on a mobile phone and the images are even more prominent. every time you click on one of the adverts, the

. >> caller: my question to you is berkshire hathaway, i'm wondering, it's been a lot of volume, it went$4 in the last six days and also i heard rumors that warren buffett is thinking of giving dividends to the stock. >> i think we buy the stock because warren buffett is a good management we all agree this would be a fabulous stock to own, i can't own individual stocks, but berkshire hathaway is right and i think he's doing a great job let's go to mike in arizona. >> caller: cramer, love your show my stock is quarry infrastructure corp, mic >> i'm going to have to do some more work on this, because all the other infrastructure stocks are doing bad by so i have to do more work. >> caller: jim, send us some texas aggies some better football players >> i'll get to that. >> caller: eight-time season record for three years, and we paid for a half billion stadium, which is reprehensible, if it's not questionable target, tgt. >> i put that the oklahoma stadium is so beautiful. okay, i think that target is okay, i do prefer tgx that has come down is a bye-by a buy, buy and that ladies and gentle

duncan kennedy, bbc news, in berkshire. more in store?something, the hottest day of the year so far, hottest june day since 1976, all of that on the summer solstice, longest day of the year. close to 35 degrees in heathrow, west london, 33.5 the final top temperature, some under storms breaking out, certainly some showers and storms breaking out across western scotland, becoming more widespread as we have headed into the evening. a few more thunderstorms tomorrow, and once they clear a way, fresher, more cloud, some rain at times, but also, still some spells of sunshine. back to the here and now, vicious storms, parts of scotland, they will tend to ease away, misty and murky for western coastal areas, with low cloud rolling in, cooler and fresher for most, still warm and uncomfortable night across parts of the south—east. tomorrow morning, and showers and storms. further thunderstorms very different feel to what we have had over the last few days, much more comfortable night through tomorrow night, rain begins to work in, and this is the

. >> you may have heard berkshire hathaway is now the largest share holder in bank of america. that's not the only company where warren buffet is the top shareholder. i love that story, he bought the preferred. they raised the dividend he converted and now he made $12 billion in the process. >> you have to hand it to hill when everyone was panicking, he stepped in and made so many deals. >> buy low that's how that works. let's get to the market. so far the nasdaq is up more than 14% while both the dow and the s&p are up roughlile%. but that's starting to show signs of changing here let's get to the closing bell he can change for strategies for the second half of the year. chris care daro is next to peter costa from empire executions and rick santelli checks in from the cme in chicago peter, you famously exited the market before the beginning of this year. i don't think you have gotten back in. you have been shorting this market >> i'm going to tell you i'm almost thinking about doubling down because i really think we are getting to a point where you have valuations -- you know

berkshire hathaway will exercise warren's options to own bank of america.ar remember buffett will buy 700 million shares. >> that's how many of the warns he held. he was saying at within point he would exercise them if the price was at a certain amount. bank of america just doubled the dividend for the common share. he's probably getting a better deal on the dividend, i would guess. >> and he becomes the largest shareholder in bank of america >> he's been breaking out the warrants in the annual report for several years. just talking about how -- why this is such an important stake for berkshire hathaway, i bet it's because bnk ank of america doubled ets d ed its dividend >> he owns a 6%, converting that to 700 common shares would you view this as a sign of confidence >> are you ready for this? as of wednesday's closing price, he has a paper profit of 11$11. billion. >> wow on that transaction. >> he's not bad at investing >> no. i heard he's pretty good at that >> think about this, you wake up, it's friday morning, 6:04 in the morning. warren buffett buying

berkshire hathaway will buy 700 million shares of bank of america. the prices over seven dollars a share. will convert that into common stock. bloomberg this this flash. they are 1% higher on that news. since they raise the dividend yesterday, it is higher than buffets payout. berkshire will make money on common. it's kind of a no-brainer. that gives bigger dividends. what we sawe yesterday, a big selloff in the tech industry. there was money in financials on that. take a look at the value versus growth index. it underperformed so far this year. the financial. in the back half of the year? is tech leading the way? alberto: it's going to be financials we think there is we are coming out of the zero rate balance. price goes to infinity. that's what happens with tech stocks. , youterest rates normalize go back to a value in the market. you go back to insurance and other sectors which benefit interest rates. when you look at the sector heavytion, we are still on the tech sector and utilities. dividends are stable. what we need to go into is things that a

berkshire's investment in the railroads is a secular investment.re going to have more people plying and we're not building more air ways or runways. we think there's a multi-year play for united and the airlines generally to get the credit they deserve. >> it's good seeing you as always. >> thanks for having me on. it's been a great code conference. >> and when we come back, kara swisher will sit down with us and talk about her recode with hillary clinton. rick santelli, what's on your mind today? >> looking at the data, we had some interesting data. chicago yesterday and ism today. what i'm really paying attention to is the linkage between the dollar, euro versus the dollar and interest rates. we'll talk about that after the break. ♪ the man in the back is ready to crack ♪ to a different comny with carurance, and i was not happy with the stomer serce. we have switched back over and we feel like we're. the process rough usaa is so effortless, that y feel ke you're a parof the family. i lovehat can pass the membership to my children, and that they c

ford capital, focusing on commercial real estate for owners of restaurants and some retail, berkshireing a 9% stake in the company , issuing 18.6 million shares to berkshire hathaway at a discount to where they are trading today. are seeing others, particularly those in the retail .ndustry, rising cb richard ellis is on the rise. then there are some headlines that have been crossing about the right eight pending acquisition by walgreens, sending others in particular up i-24 percent. ,his was a report by see tfn speculating that it was more likely than not that they will approve this acquisition, the story exciting various antitrust lawyers. bloomberg reported earlier in june that this deal was not likely to be approved, so there has been a lot of back-and-forth about it in some degree of pessimism surrounding it. interestedhe other already here, it is set to acquire a number of locations from rite aid as a condition of the deal. that's -- david: that's julie hyman, appreciate it. steve bannon is the white house strategist, barry cohen, steve powell, bill, and is a bloomberg tv exhibit

by mid morning, at the emmbrook court shelter in berkshire, it'd had already reached 30 degrees.ou make of these temperatures? very hot. too hot? too hot, yes. but others here were following the advice of nhs england to avoid the heat, if not the humour. yeah, i can cope with it, yeah. i mean, you just take a few more clothes off, don't you? it gets embarrassing, eventually! the met office confirmed today has been the hottest june day since 1976. that long, languid cauldron of heat where temperatures peaked at 33.8 degrees. today, it hit 34.5 degrees at heathrow airport, but it certainly wasn't sunny everywhere. this was newcastle. there was also rain in scotland. and it was wet at the start of glastonbury, but not in the usual way, and so far without the mud, all courtesy of the localfire brigade. in reading, pet owners were also keeping an eye on hydration. whilst in london, they flocked to tooting for a mass cool down. the summer solstice of 2017, one to remember and one for the record books. duncan kennedy, bbc news. newsnight is coming up on bbc two. here's evan davis. tonig

dollars per share. >> per share. >> apples to apples, berkshire's been to 250,000 t.e well, people are buying the wrong index it's amazing i think one of the real things for me here is it shows that the out performance of berkshire was mostly in 1980s and into the mid-90s. a lot of people think of warren buffet being active since the 19 victims think it was in the primordial days, mid-20ing century. actually, no, it was about multiple expansions and getting the great brand fames. he started the s&p in may of 1977. >> that bull talk is on cnbc pro? >> by the way, if i had $500 in 1977, i would have bought 50 packs of baseball. >> next i love this story out of australia. it's trying to style itself, homeowners with solar panels are suing to block high rises from going up and blocking their sun. which makes me wonder as we move to a solar powered world, sun rite >> it's very interesting, you have these controversies and they've mostly been about aesthetics i remember when they were going to put up the time warner center in new york t. concern was it was going to cast a s

word this morning from theresa may, who attended a church service with her husband philip in her berkshireonstituency, just a day after her two closest advisors resigned. mourn the defence has been seeing. the defence secretary says a conservative deal with the democratic unionist party would only apply to "big issues" like the economy and security. i think the prime minister was right to ask for a bigger majority to open up the brexit negotiations, and to build a stronger, fairer britain beyond that. she didn't have an elected mandate herself, she wanted a bigger majority, that hasn't transpired and now we have to get on and make the best of it. and she is entirely responsible for this, she decided to call the election, she made it about her, she said, it is me, me, me, a lot of the country said, no, no, no, and as a result, we are in a position of chaos. the whole process has been thoroughly irresponsible, has it not? hang on a moment, the government supported her in that election campaign. so, it is your fault? we all take responsibility, of course. she won the most seats, 56 seats more

. >> the clooneys' mansion is in berkshire where the little prince and princess often visit their grandparents. >> the house in which alexander and emma are going to grow up in is beautiful, a lifestyle that george and charlotte have enjoyed the last few years. for george and amal the most important factors are privacy, security and safety. it's surrounded by water. it can maintain their privacy and dissuade any paparazzi from hiding in the bushes. >> raising their kids in the uk gives the twins some protection from the paparazzi. >> in the uk they're given a break. simply because if you don't have parental permission, celebrity's children's faces have to be blurred out. >> the twins do have cousins. george's sister ada has two adult kids in kentucky while amal's sister has a daughter named mia. >> she was a flower girl in their wedding in venice. >> she's a teenager, which means she's obviously a little bit older than the twins but perhaps she'll be a great baby-sitter. >> consider this dad is an american, and mom is a brit. they'll have dual citizenship. >> new york became mum my fied with t

the critics are saying yes, you call them out but berkshire hathaway still owns a big chunk. >> yes usedwood the. >> woodruff: is there a double standard. >> it's a terrible mistake. they incentivized bad behavior. it works. but you increment vised bad behavior. the big problem is you can design an incentive system that is incentivizing the wrong things. you have to end it fast and decisive that's where they made a big mistake. >> woodruff: is there a clear mind that behavior becomes so unacceptable you don't want to have anything to do with that company. >> it's a very interesting question. i would not want to manufacture cigarettes. but if i owned, we do own costco. do they sell them? yes. so i don't have a problem owning stock in that. i wouldn't want to do it myself. i basically think if anything is anti-social, society should do something about it. that's a separate question. i don't the there's any company i've seen that's a hundred% pure. in terms of what i'll call them out for, i'll call individuals out but generally not a private corporation. >> woodruff: something that affects

adopt berkshire is the council's adoption agency.going court cases, but on the web—site it says... when placing children for adoption it will first try to identify adopters that reflect the child's culture and religion of heritage. for us, colour doesn't mean a single thing to us. love does haven't a colour, so why differentiate that and the well being of the child growing up down to the fact that i suppose we are brown—skinned. the legal battle, they say, is for future couples in the same position. they have now been approved for adoption from the us. sarah smith, bbc news, maidenhead. it is time for the weather. are you feeling glum about it now that summer feeling glum about it now that summer has gone? i know what is coming!, sjekloca with the miserable news. the weather, it is a little bit to be honest this week. it will be a little bit exhausting with the cloud and the rain that's heading our way and the rain that's heading our way and there is a real heavy rain area of rain heading towards south—eastern parts of the uk right n

adopt berkshire is the council's adoption agency.hen placing children for adoption, it will first try to identify prospective adopters who reflect the child's culture and religion of heritage." for us, colour doesn't mean a single thing to us. love doesn't have a colour. why differentiate that and the well being of that child growing upjust down to the fact that, i suppose, we're brown skinned. the legal battle, they say, is for future couples in the same position. they've now been approved for adoption from the us. with me isjoy carter, who was adopted at birth by a white couple. and alsojohn simmonds — director of policy, research and development at coram baaf, the member organisation for all local authority and voluntary adoption agencies. welcome to both of you. joy, you we re welcome to both of you. joy, you were adopted when you were very young. you were born in nigeria and have you travelled through life having to explain the fact that your pa rents having to explain the fact that your parents clearly having to explain the fac

adopt berkshire is the council's adoption agency.option, it will first try to identify prospective adopters who reflect the child's culture and religion of heritage." for us, colour doesn't mean a single thing to us. love doesn't have a colour. why differentiate that, and the wellbeing of that child growing up, just down to the fact that, i suppose, we're brown—skinned. the legal battle, they say, is for future couples in the same position. they've now been approved for adoption from the us. the bullying of pupils for being gay, lesbian or transgender in secondary schools in britain needs to be urgently addressed, according to campaigners. they say although the number of incidents has fallen, there's still a big problem. a study by the university of cambridge, which was commissioned by the gay rights charity stonewall, says almost half of gay pupils who were questioned said they were bullied. more than 60% had self—harmed as a result. and about one in five had tried to take their own life. 0ur education editor branwen jeffreys has th

berkshire could eventually take a 38% stake. carl icahn easing up on his demands for an aig breakup after the insurance and hired assets new ceo. after opening higher, blue apron shares fizzled in the trading debut, lowering its ipo price to $10 a share from an initial $17. of $15 to the news said grocery stocks tumbling. that is your business flash update. shareholders celebrate the birth of the iphone 10 years ago, but can the company protect its cash cow? from new york, this is bloomberg. ♪ scarlet: "what'd you miss?" today is the 10 year anniversary of the iphone, so we wanted to show you a chart that highlights applef the challenges of 's entry into the smartphone market. basically invented the device, although you could make the argument research in motion did. presidedistention is a over the high-end markets. everyone else can battle over the middle range while the chinese dominate the low end. the high selling price get the market fat and juicy. the premium smartphone unit sales fell about or 10%. you can see the drop of

first of the leaders out this morning was the prime minister, with husband philip, voting in her berkshirency. not long after came the man who wants herjob, jeremy corbyn greeting the photographers with a smile and a thumbs up as he made his way into a polling station in north london. how are we doing? welcome to the lake district. just a hint of irony from the lib dem leader tim farron as he braved the elements on the way into the polling station. but he was well out of the way when tempers frayed among the watching photographers. they're having a proper scrap. and up and down the country other party leaders were doing exactly the same. the snp's nicola sturgeon, and paul nuttall from the uk independence party. but it's not just about them. 47 million of us are registered at this election, one that's been overshadowed by the terrorist attacks in manchester and london. those attacks have meant a bigger police presence than usual. everyone conscious that the threat level is still severe. this westminster polling station is just one of 40,000 the length and breadth of the uk where you're ele

. >>> real estate investment trust store capital said berkshire hathaway took a nearly 10% stake in theompany, worth almost worth $400 million. store said the new investment positions it for growth. shares r1 1% on the news. the pan dora ceo may step away from the company he founded. according to recode, westergram plans to leave the music streaming giant but will likely remain in his role until a replacecement is found. pandora shares up 2% to $8.46. >>> it's been three years since seattle approved raising its minimum wage to $15 an hour for lower paid workers but a new report out today from the universi says the increased minimum wage is having an opposite effect and is actually hurting workers. mark long is one of the co-authors of the study and professor of public policy and governance at the university of washington. and he joins us to talk more about that. welcome. it's a pleasure to have you here, mark. >> thank you for having me. >> this has been called a very credible study and it has not yet undergone pure review. however, i'm interested in the fact that it seems to contradict

my great, great grandfather was the mp for berkshire between 1860 and 1876.no record of him ever troubling hansard with any speech. even a maiden speech. however, he was asked by disraeli to move the loyal address in 1869, but replied that though mindful of the honour as a matter of principle, he never spoke in parliament. as you know, my father was one of your predecessors as member for buckingham and he told that story to speaker thomas who clasp a hand to his head and said, how i wish there were more like him in the house. mr speaker, i still think of myself as young. but being asked to do this singular honour reminds me that i am, as golfers put it, on the back nine. in the election that we have alljust enjoyed or endured, whatever your perspective, i faced a labour candidate who was born a year after i was selected to fight the seat i now hold. teams of therapists will be needed to help me overcome the brutal reality that i've gone straight from being young thruster to old codger with nothing in between. the second speech came from another conservative.

first of the leaders out this morning was the prime minister with husband philip, voting in her berkshirean who wants herjob, jeremy corbyn greeting the photographers with a smile and a thumbs up as he made his way into a polling station in north london. how are we doing? welcome to the lake district. just a hint of irony from the lib dem leader tim farron as he braved the elements on the way into the polling station. but he was well out of the way when tempers frayed among the watching photographers. they're having a proper scrap. and up—and—down the country other party leaders were doing exactly the same. the snp's nicola sturgeon, and paul nuttall from the uk independence party. but it's not just about them. 47 million of us are registered at this election, one that's been overshadowed by the terrorist attacks in manchester and london. those attacks have meant a bigger police presence than usual. everyone conscious that the threat level is still severe. this westminster polling station is just one of 40,000 the length and breadth of the uk where you're electing your 650 representatives

sinceock has soared berkshire hathaway agreed to a 38% stake in the company last week.ear, beating last year's total, and we are not at the end of june. the falcon craft is carrying 10 satellites for iridium communications and took off from vandenberg air base in california. there was another launch on friday. it is the first time space x has sent to rockets into orbit in such a short period. coming up, out with the old, thai airways plans a major fleet revamp. we will hear from its chairman. that is next. this is bloomberg. ♪ rishaad: this is "bloomberg markets: asia." i am rishaad salamat in hong kong. thai airways revamping its fleet. says that will mean 100 new planes from airbus and boeing, including 30 in the next five years. atright now we are looking replacement of the old aircraft. we have 100 aircraft right now. we are looking in the next five years to replace the old ones, almost 30 aircraft. that is in the next five years. the portfolio us, of our airline means we will have new aircraft must 100%. there is sotime, much competition in the world, now.e are ver

us your take of spain of zara the retail company was talking about is in there warren buffett of berkshire hathaway and mark zuckerberg of facebook those five guys have accumulated as much wealth as half of the world's population three point seven billion people they have those five guys have around four hundred billion dollars of wealth three point seven billion have a population has four hundred billion so these five hundred has four hundred ten billion so these five people are catching up to these to half of our population last year was eight guys now it's down to almost five so the wealth inequality is growing and you know i think it's a good thing because it means pretty soon someone's going to have everything and some guy's going to win capitalism that there's a kind of we get in the owners and they're like you said this whole thing and now you go to a more reasonable democratic socialism and how long this is going to have. not only damages were not and then people just wouldn't have staggered it's part of that like wrap your head i just realized you know hope the i guess my inherent

everyone's doing it, even the royal berkshire fire and rescue service behind us there.have been getting involved. 0lympic bronze medallist nile wilson and colleagues, he in the light blue shorts, took part in a game of last man standing, upside down that is. nile was the first to fall. probably best not to try that at home. and when to give it a try. we're back at 7:30 p.m.. the bfi try the touch—screen upside down it might help. i think you should have a whole 30 minutes. i can't do a handstand, can you ? whole 30 minutes. i can't do a handstand, can you? no, iwas whole 30 minutes. i can't do a handstand, can you? no, i was asked andi handstand, can you? no, i was asked and i can't stop. and you can catch up with all the latest efforts from handstand day with our live page — just go to bbc.co.uk/getinspired' that's all from sportsday. it isa it is a rather different weekend compared to last weekend, that's because we have low pressure in charge. you can see the scroll of cloud, that is the centre of the area and the closer you are to the stronger the winds. so it is a

here in berkshire temperatures are shimmering around 30 and in london it has gone higher.arm air arriving on the adam dixon topic, it has been in place for a few days and has been getting warmer and woman “— for a few days and has been getting warmer and woman —— at the atlantic subtropics. nhs in when is warning high—risk groups like the elderly to stay out of the sun but some are more alike than that which is right here at whipsnade zoo in ted bishop it is hoses and home—made lollies that are being lapped up —— in bedfordshire. they can be fruit in moulds, we make a pizza out with which we can give to the monkees, it can even be something a bit more disgusting as we have seen with the tigers. but not everything is melting in this relentless energy sapping heat. what does this weather do to business? this weather obviously makes business a lot better, it has come early for us, especially with father's day and the bike ride weekend and we have a few more days and then it will come down so it brings some forward a bit. with the summer solstice just hours away, this is turni

speaking at an election campaign rally in berkshire, she said that she would change human right laws correspondent, ben wright was there. this rally was the final stop for theresa may in slough, after she had snaked through theresa may in slough, after she had sna ked through the theresa may in slough, after she had snaked through the country from wales, the midlands, the south—westward cheltenham, and finally this rally in slough. lots of familiar themes, wanting to bring this campaign message back to its core essential elements. firstly, of course, brexit is going to happen, and she was as importers or they would trust to deliver it. secondly, this is now acutely political in light of the terror attack at the weekend, the issue of security. she has faced a lot of criticism from labour and other opposition parties over the last few days pointing to a record as home secretary when police numbers were cut by 20,000 and there was strong criticism today from the london mayor, siddique khan, but she wa nted london mayor, siddique khan, but she wanted to impress on the party faithful here