cbi would take on westing house's debt.hen it came time for the companies to compare notes and find out how much money was owed, the numbers were very far apart. westing house said that chicago bridge and iron owed them more than 2 billi$2 billion chicago and iron said that westing house owed them 2.5 million. then they appealed to the delaware supreme court. we still haven't heard a decision yetz. but chicago bridge and iron seems upbeat and confident and we'll probably get a verdict any day now. but this whole situation is a big mess. what's more is that westinghouse had to go bankrupt. so even if chicago bridge and iron wins the suit, they may not be able to collect all they're owed. and if they lose, 2 billi$2 bil. a few weeks ago, the company's long-time ceo announced he would step down. shareholders greeted his retirement with glee. in february, chicago bridge and iron told us that it's selling it's capital services business to a private equity firm, ver y veritas. it forced the company to recognize a noncash good wil

the archbishop of canterbury said at the weekend, the cbi said it, trade unions have said it.e need to be able to work this out. and the first minister said today, fitting in with that general consensus. this must be done ina very general consensus. this must be done in a very different way from the way it has been done by theresa may up until now. but you're not going to be sitting on your hands and neither is nicola sturgeon for the next couple of years while theresa may and david davis sort this out. you will put forward your ideas and potentially you would have thought you would have read lines. does that include potentially still being part of the customs union, access to the single market and so on? the single market is important, we have argued that for many months and published a serious paper about that for the whole uk in december. but i'm not going to be sitting on my hands, my welsh equivalent and i have written to david davis suggested how the process should go forward. nothing has happened in those two weeks. there was a mechanism for getting these four nations o

going to be quote uninsured if public and's repeal and replace bill is passed, one of the things the cbi report says is that a good number of those people are people who choose not to buy health insurance because they are not be mandated at a penalty applied to them if they don't buy it. it's restoring freedom. should we live in a country where the government can force people to buy health insurance or should we live in a country where constitutional right of individuals are respected? we have a lot of people not buying health insurance because they choose not to. i think it's a good thing in a free country. host: mike from rockford, illinois. thank you for waiting. caller: my thoughts and hearts are still with london. i've a theory, i'm hundred percent sold on it. after training 100,000 troops in iraq, i'm wondering as the caller thought earlier connie seeley's men in europe with refugees into europe, i'm wondering if that was sold to those people that they were going to take over new lands and possibly throw these governments over with our blessing after training them in staging them t

so to kick off the cbi, we had a dozen partners send 100 tons of medical equipment. it didn't cost any taxpayers anything. within a couple of months they had sent 500 tons. just 24 to 30-odd partners that got together to say, i can do this, i can do that, i can do the other thing, all committed to the same goal. we shouldn't have to have a calamity to do the right thing. those of you who are trying to avoid calamity and create happiness and opportunity and success should be able to get more partners to do more positive things. and i want to thank all the companies that are doing this, knowing full well that the better job they do, depending on the business area, they may cost themselves some business, and in the meanwhile they will meet nothing but skeptics who will try to find some example of where they didn't achieve what they said they were going to. and they're doing the right thing anyway. but this is really important. this is a major economic issue for america. if this works, if we keep doing it, keep making more and more and more progress, we will have a healt

stickyis is the atlanta cbi, and shelter, ask food, the grind of life.shelter, ex-food, the grind of life. from the 70's until the early greatcan you say the moderation is still in place and any sense of re-inflation is gone? oh backnk so in a few and look at inflation from 1790 at the founding of our country -- scarlet: let it be known that ira jersey is wearing a flag day tied. before theo back 1970's, he always had inflation that was 0-3%. that was what inflation was for decades that many centuries. we grew up in the zero where we thought six or 7% inflation is normal and we can get back to that. that was not a normal time in history. that was very abnormal. if you go back to the civil war, for example, you only had inflation in the mid-single digits. you did not have 9% inflation. ira jersey with his flag day tie, thank you very much. tom: right now, we had a different day on this fed meeting day. the fed decided this money to continue with the meeting and the janet yellen press conference. we go to kevin cirilli come our chief washington corresponde

garner i will bring in carolyn fairburn from the cbi. --i will in carolyn fairburn from the cbi.certainty. we have talked about this for over a year since brexit. what can businesses do with this? there is a sense they have to get on with it. businesses that do and they are really good at it. this is one of the reasons we have seen real resilience and investment has been continuing. when uncertainty reaches of such a level. you get pause beginning to be pressed. you just don't want to see that. it is time for a bit of a reset, a reset, a bit of a mindset change, to listen really well to what businesses need because it matters to all of us. it is what pays for the health service, it is what pays for salaries. it is a chance to put some of these questions about digital infrastructure, how we will build homes, how we will get better rail services and brexit negotiations on track, right at the centre of the conversations we are having everyday. if you are the prime minister, what would you be doing for business? i will be going out there talking about how important there talking abou

they expect to have a cbi score sometime next week, and they expect to vote on this as well. >> we haven'te're no different than senator ed lee. but being considered are deeper medicaid cuts than the house bill. is that getting any pushback on capitol hill? >> no question about it. this is something the conservatives look very favorable toward, and it's how they would peg the growth rate. at least in the house legislation, it would be pegged to inflation -- medical inflation, essentially. what the senate is actually considering right now is pegging it to just inflation. the house bill, jake, would cut $810 billion over the next ten years. that has moderate senators concerned on their own. the senate bill, if they were to follow through on the proposal that's on the table right now, would cut it a lot more. you talk to sheli moore, they made it clear they would not discuss something like that. we're keeping an eye on democrats, too. you kind of highlighted their frustration through all of this. they don't have much of a role here. they can try not to draw attention. we had senator cory book

near the 2.2% level. 9033 on your terminal, the 10-year rate, the white line is rate, equal to the cbin the chart. investors are seeing inflation kept in check, not demanding yield premiums. the yellow line is falling to 1.84% from the year high in january. emily: mary meeker just undulate -- unveiled a trend report. report covers everything from the cloud and internet advertising to wearables and music subscriptions. a major take away from this year's report, the rise of online ads. with global internet advertising expected to pass tv within six months. google and facebook are reaping the benefits. their combined share amounting to a whopping 85% and rising. joining us now, paul sweeney. first of all, online surpassing tv in six months -- do you buy it? paul s.: absolutely, i do. we've seen the trajectory over the last 10 to 12 years. we have tv ad spending growing about for-5% per year. digital ad spending has been growing 15% to 20% per year. the lines are just about to cross this year. if you look at the forecast over the next several years, continued upward trend in internet ad sp

we want shortage occupations lists for london, come and talk to companies, cbi, prove to us the shortagese going to keep the underground running, schools going... those sort of things, you could call low skilled, but are vital to the economy. thank you. the headlines on bbc news: the dup agrees to support theresa may‘s minority conservative government. northern ireland will get an extra £1 billion of investment over two years. the grenfell tower aftermath... every high rise that‘s been checked has failed its fire safety test. the us firm that supplies the cladding has ended sales for high rises. theresa may tells mps she wants to give the three million eu nationals living in britain the same status as uk citizens after brexit. an update on the market numbers for you. here‘s how london‘s and frankfurt ended the day. are you getting enough sleep? scientists in canada are launching what‘s set to become the world‘s largest study into the effects of sleep deprivation on the brain. they want hundreds of thousands of people worldwide to do tests online, to see how much the amount of sleep we get

trades, want to follow up on your final trade on monday, i believe -- >> monday or tuesday >> which was cbi bridge and iron. up 6% right now. >> it ran from 19 to 23, mel it was still 22 yesterday. today it collapses down to $20.50 or something like that, like you say, down 6%, but got to be quick with these stocks that are moving like this. this one made a 50% move just in a three-day period >> one week still it's up 44%, even with this down drop in today's session. >> exactly >>> time for the final trade of the week, final trade of the quarter. final trade of the first half, josh brown >> ksu, i think, goes higher >> jim >> end fang week with a fang name google/alphabet. i'm not saying it's going to turn around this afternoon but it's gotten low enough where it generally beats most of the time this is a good opportunity at this price to buy it >> i thought you were going to say tractor supply >> fang-tastcic. >> it was fang week here but the most important development was the hawkishness from global central banks outside of the u.s. and that is going to drive central bank convergeness on

the archbishop of canterbury was saying, the cbi have said it, trade unions are saying it, we need toas to be done in a very different way to the way it has been done by theresa may up until now. you are not going to be sitting on your hands for the next two years whilst theresa may and dugher davies sought all of themselves. you will be putting forward through ideas and potentially, one would have thought, you will have red lines. does that include still being part of the customs union, access to the single market and so on? and warm at the single market is important. we have been arguing that for many months we published a very serious paper about that in december. i'm not going to be sitting on my hands. my welsh equivalent, mark draper, and i, broke to david davis two weeks ago suggesting how this process should go forward. nothing has happened in these two weeks. there is a mechanism for getting the four nations of the uk in the same room together in the same room to start talking. the uk government hasn't activated that mechanism. it hasn't met in february. we have some very cle

it was difficult to understand when the head of the cbi is telling you we cannot run the country withcy, and that you keep going ahead as a remainder campaigner. with a soft campaign taking the lead more than the hard brexit are from the beginning. i think there is a relief that we will not get that kind of -- that was happening in a vein of narrow leadership. that, what the chancellor said today is absolutely perfect. it is not a mandate that was given by the electorate a year ago so in order to be able to negotiate and got to parliament, and to get basically a consensus , i am not sure how that is going to work. the markets are probably not going to be happy for so long because it will be very difficult to get anything done with no real majority and not a really clear mandate so it is very confused. tom: i guess from our interviews that mr. bernier's front and central in europe and i talked to matt miller as well. what is your response to all that has occurred in the united kingdom over the last 10 or so days? do we just let the united kingdom hang? see a fairink you amount of baffl

. >> cbi o score on that senate gop health care bill is expected early this week, maybe even today. > stepping down. activist investor dan lowe biting off a big niece of nestlÉ a massive bet on the giant. >> futures show gains across the board 67-point gain on dow futures markets up last week nasdaq poised to gain for 8thmen in a row. durable goods order hitting tape decline 1.1% coming in that worse than expected. durable goods down 1.1% we point out orders for long-lasting goods tend to be very volatile month after month, in europe stocks heading higher 1% gain on cac quarante in franceing biggest winner overseas at least across atlantic in asia overnight, the markets finishing the day in the green across the board from japan all the way down to south korea, breaking news president trump tweeting, this. the democrats have become nothing but obstructionists all caps, they have no policies or ideas, all they do is delay and complain. they own obamacare. exclamation point. >> the senate bill to replace obamacare cbo to release analysis of the senate health care bill early this week som

joining us now in london is the chief economist at the cbi.rk, the jpmorgan had a global asset allocation. let's begin with you. >> i think this is fair to say that this is not the result that the business wanted -- more uncertainty? there are a few teary eyes in london today and some surprise faces. think what the business community wants to see now that we have a new government in place is the economy at the top of the agenda. we know that there are big challenges out there for this government, and i think. or is the start of those negotiations, week from monday. i think the business community does want to see some steps in the beginning to show that negotiations are moving in the right direction. that is really about people and trade. >> what are some specific things you want to see? we had six weeks of campaigning and many people now do not have clarity as to where the party stands than what they actually want to achieve when they said across the table from their european partners. >> in terms of their business community, i think we would

that the pacific architecture, the increase in defensive capability for the enhanced defense, now the cbi's are the ground-based interceptors, so when you say enhanced gpi for hawaii's defense, what exactly do you mean? >> i'm sorry for the acronyms in the descriptors, but we talk about the gpi is capability enhancements. roughly the first 20 referred to as capability enhancement one. capability enhancement to or for simplicity sake comprise the next 10 and then capability enhancement to block once comprised about the 44, so the capability enhancement to block one, which was tested is the very latest gpi configuration. >> if i recall testimony correctly, 44 is alaska in vandenberg. >> correct. >> so, when you talk about capability of gbi to enhance defense of hawaii you're talking about hawaii being defended from those locations? >> alaska, yes ma'am. >> i think that is one of the things that people don't think to realize is that some people are under the impression and if you could respond i would appreciate it, that somehow kawai he is the best vantage point to really protect the hawaiian