colin hamilton has joined us on set. miners sound -- confident to you? w the gas ceo who of the mining- industry is still suffering from the overinvestment timeframe we had. why do i invest here? derivative is getting better. commodity markets are no longer getting worse. we are in negative supply growth , copper is an exception, chinese demand has surprised to .he upset -- upside the question is the sustainability. we are comfortable that china growth during their political transition. more commodity intensive favoring growth. beyond that, that is when the question marks start to appear. are you anticipating consolidation in this area? capital expenditure is being pulled back. --we are moving towards territory for many of them. there is money to be put to work but there is still caution. mining companies themselves, we have seen a raft of changes of ceos. they don't want to make those mistakes again. there is some caution there. i think it will be a slow process. -- are being asian led consolidation. you talk about in the shorter term china still being t

anna: colin hamilton, head of commodities research.rman of bloomberg the parent of bloomberg news, is a senior independent nonexecutive director of glencore. more on glencore and wtp, when we come back. ♪ anchor: fed fears. currencies drop on speculation that yellen will strike a hawkish tone. a 6.2 magnitude earthquake shakes central italy. cash into china's market. and qantas pays its first dividend since 2009. i am anna edwards. it is 7:00 in london. we are waiting from breaking news. expected to report numbers. coming through right now. 6.54 billion, compared to the previous year. looking through for the organic revenue number. 690 million pounds for the headline, eds, 39.1 million. organic revenue. we will keep our eyes looking for that one. this is the world's largest advertising company. we have seen an uplift. how much that has offset the brexit drag. let's move on to the numbers from glencore, the mining company. four point zero billion dollars against the estimated $3.9 billion. income, $300 million through the estimate was f

hamilton. i am arby bernstein, i teach at city college at the colin powell for civic and global leadership. and i will spare you the rest. i would like to introduce my colleagues. i will introduce them in the order in which they will be speaking. we will be going down the row. mr. carp the professor of american history at brooklyn college. he is author of defiance of the patriots, the boston tea party, and the making of america. the boston tea party and the making of america. and rebels rising cities in the making of the american revolution. nancy is the author most recently of white trash, the 400 year untold history of class in america. which is just been reviewed by the "new york times" book review and the new yorker among other places. she is also the author of fallen founders, the life of aaron burr, the finalist for the "l.a. times" book prize, and the coauthor with bernstein of madison and jefferson. her first book, self and citizenship in antebellum america was awarded the best book prize in 1999. she is a professer of american history at l.s.u. and writes regularly. heather is prof