investigators are interested in deloitte to work for sigma sig which sells construction materials said in february that they had discovered internal misrepresentations in official accounts the revelations led six shareholders to vote down what is usually a routine vote to retain deloitte as officially designated auditor three months after the revelations the white pledge full cooperation with the f.r.c. investigators that it cooperated statement and the continuing scandal of bong large and previously well regarded accounting firms has already resulted in f.r.c. actions against pick a p.m.g. and pricewaterhouse coopers but some critics of the civil top watchdog have said the f.r.c.s. actions have not been commensurate to the scale of the problem and interestingly in april the government appointed sir john king meant to conduct a detailed examination of the f.r.c.s. record and decide whether the regulator the regulator itself is affected by conflicts of industries what a mess here or discuss a problem including scandals of the accounting world is conservative t.v. and radio commentator s

investigators are interested in deloitte to work for sigma sig which sells construction material said in february that they had discovered internal misrepresentations in official accounts the revelations led six shareholders to vote down what is usually a routine vote to retain deloitte as officially designated auditor three months after the revelations the white pledge full cooperation with the f.r.c. investigators that it cooperated statement and the continuing scandal of bong large and previously well regarded accounting firms already resulted in f.r.c. actions against pick a p.m.g. and pricewaterhouse coopers but some critics of the civil top watchdog have said the f.r.c.s. actions have not been commensurate to the scale of the problem and interestingly in april the government appointed sir john king meant to conduct a detailed examination of the f.r.c.s. record and decide whether the regulator the regulator itself is affected by conflicts of industries what a mess here or discuss a problem including scandals of the accounting world is conservative t.v. and radio commentator steve

deloitte said the financial results reflected a new era of improved profitability and financial stabilityen has warned its main factory in wolfsburg, germany, faces temporary shutdowns later this year because of new emissions test standards. it plans "closure days" to prevent a build—up of vehicles that have yet to be approved for sale. from september, more rigorous eu standards will be brought in to replicate real driving conditions more closely. that is your business briefing. see you ina that is your business briefing. see you in a moment. the government is being urged to reform the welfare system, so that fewer people are living in destitution. a report out today from thejoseph rowntree foundation, which funds research into social policy, says 1.5 million people in the uk were destitute in 2017. ministers insist that work is the best route out of poverty. 0ur social affairs correspondent michael buchanan reports. the emanuel centre helps those who have little. 0ne the emanuel centre helps those who have little. one of the regular visitors is dave. he has been homeless for years after

elations led six shareholders to vote down what is usually a routine vote to retain deloitte as officially designated auditor three months after the revelations the white pledged full cooperation with the f.r.c. investigators that it cooperated statement and the continuing scandal among large and previously well regarded accounting firms has already resulted in f.r.c. actions against pick a p.m.g. and pricewaterhouse coopers but some critics of the civil top watchdog had said the f.r.c.s. actions have not been commensurate to the scale of the problem and interestingly in april the government appointed sir john king meant to conduct a detailed examination of the f.r.c.s. record and decide whether the regulator the regulator itself is affected by conflicts of industries what a mess here discussed a problem including scandals of the accounting world is conservative t.v. and radio commentators the malls rick steves thank you so much for being with us what do you make of this bill lloyd story it's a little bit nutty to me. well it is but i mean it's an overall problem as you said you've discuss

the issue go so that's that's a horrific example and there's more as you mentioned with s i g and deloitte and that is of course s i g misrepresenting some say their profits there there are things and the law is right caught up in the middle of all that and in general in general again the four big auditing companies have come under great scrutiny and this speaks to just the confidence that everybody from the average guy on the street to the biggest biggest investors in the world need to have in the system and if the system is broken it's got to be fixed. and not i mean i know we're going to sound to people like we're just piling on but p.m.g. was also we've reported you know kicked out of south africa for problems there and of course we we referred to the problems in the u.k. with regard to karelian we've covered that story but i'll tell you one thing i never really said this publicly but you know i worked in a large law firm and i think. a lot of similarities between the large accounting firms and law firms and the bottom line is you know the people there that they want to get contracts t

deloitte said the financial results reflected a new era of improved profitability and financial stabilitylu bs. let's go to sydney now where the airline industry is holding its annual gathering. guess who is there? i can't guess. the wonderfrom down guess who is there? i can't guess. the wonder from down under! aaron heslehurst has been speaking to one of boeing's senior executives. he started by asking about the damage done by the change of us policy on iran, which was due to buy 80 boeing airliners worth billions of dollars. when it came to iran, we were always in a position where we were following and letting our government take the lead and when it came to booking those orders, to taking a look what was happening the market, we were very cautious. so we really didn't count on them in terms of production. so as those orders now are sidelined, it really is not going to impact how many aeroplanes we are going to produce in the near future. and of course picking up the slack for boeing will be asia, right? i mean, a huge, important market. incredible market, 40% of the world demand over t

accounting giant deloitte has been a responsible or and advisor to the open since 2014.he oldest financial services firms around, it's in a unique position to discuss business and the economic landscape. joining me to discuss is the ceo, cathy engelbert. why is this an event you typically sponsor. >> we decide to sponsor not just one golfer or one tournament, but all of government. bringing it too more diverse and inclusive players. at demoisture we expand our golfers. we added 3,000 new golfers within our own firm. we have done women in tech events which drives confidence for women in that field. an l i -- analytics is being us. maria: you have the data being used a lot better in golf it's an exciting tournament. you have got tiger woods back. >> to have so many really world class golfers here representing a sport that i think is really innovating. maria: you get to speak with a lot of business people at the ceo or manager level. how would you characterize business right now. what are you hearing from managers in terms of the first half of business of 2018. >> 2018 has

it added that all the big four, which also include pwc, ey and deloitte, needed to reverse a decline.een pretty bad. that is the clothes in the united states late yesterday. the future looking ahead to the us open are all very negative. let's look at asia if we can. i don't know if we have those numbers... no. that is how europe close yesterday. europe will react today when it opens in a few hours time. hong kong is down 2.5%, japan's market was down nearly 8%. the fear factor is very much in focus. safe havens like the japanese yen are back in favour, which does not help japan either. that's it for business briefing this hour. up next, newsbriefing — we'll take you through the stories making headlines in the global media today. a minute's silence will be held this morning to mark the first anniversary of the finsbury park terrorist attack. one man died and nine others were injured when a van was driven into a crowd of people near to a north london mosque. this report from jane frances—kelly. london remembers once again, overnight london united was rejected in finsbury park wear a yea

accounting giant deloitte has been a responsible or and advisor to the open since 2014.est financial services firms around, it's in a unique position to discuss business and the economic landscape. joining me to discuss is the ceo, cathy engelbert. why is this an event you typically sponsor. >> we decide to sponsor not just one golfer or one tournament, but all of government. bringing it too more diverse and inclusive players. at demoisture we expand our golfers. we added 3,000 new golfers within our own firm. we have done women in tech events which drives confidence for women in that field. an lit i -- analytics is being . maria: you have the data being used a lot better in golf it's an exciting tournament. you have got tiger woods back. >> to have so many really world class golfers here representing a sport that i think is really innovating. maria: you get to speak with a lot of business people at the ceo or manager level. how would you characterize business right now. what are you hearing from managers in terms of the first half of business of 2018. >> 2018 has gone q

join me next week, talking with the deloitte ceo and former home depot ceo. nar deli a long time ge ear. we'll talk to us about general electric as well. i'll see you sunday on sunday morning futures, catch the program 10 a.m. eastern. big program this weekend when i speak with bob goodlatte, the chairman of the house judiciary committee. along with the former canadian prime minister. that is sunday 15 a.m. eastern. we'll talking tariffs and nafta with stephen harper. that will do it for us. thanks for joining me. i'll see you again next time. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state rizona. so we headed from stthe p to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some ma

the consulting business that used to be deloittes used to be your accountant and mckinzie whi -- mckiare bypassing you and going directly to the client. et cetera, et cetera. the biggest frenemy is the public. because the public is basically saying we are annoyed by your ads. your ads are too long, too intrusive, particularly on my cell phone, i don't want to be interrupted by your ad so 20% of americans, one-third of western europeans use something called ad blockers to block ads. >> yet programs such as this one and many others on network television and the like depend on them, right? what will happen in five years from now to the kind of program we're watching on tv right now. >> well, $64,000 question. the reason i wrote this book, i don't see this as the book about just the advertising chemistry. i see it as a book about an industry that subsidized the media and without that subsidy much of the media will continue to die in a much more accelerated rate. >> so let's play delight devil's a advocate. the story of the demise of the media as we know it has been told over and over again a

sport in many of the countries in the old continent but also big business of course a new study by deloitte says the european football market is now worth twenty five and a half billion euros well than half of it generated by only five leaks let's take a look at some of the francis top league is the lowest revenue generator of the big five with just one point six billion euros last season italy's city revenue grow by eight percent to more than two billion euros most of that growth came from inter milan sequestration by china corp now germany's been asleep go which you know of course is and third place clubs like childcare or buyer have actually increased their revenue or fifteen percent across all teams to two point eight billion euros the bonus league is number one for match attendance by the way an average of more than forty four thousand loyal fans go cheer each game now in revenue terms spain's top league has no overtaking the bonus they get. to be the world's second highest earning that committal use your own with two point nine billion euros but that's still not much when looking at e

it seems the grass has never been greener for european soccer a new study by deloitte says the european football market is now worth twenty five and a half billion euros more than half of it generated by only five leagues france's top league is the lowest revenue generator of the big five at one point six billion euros last season italy's sciri ogg grew so revenue grow by eight percent to more than two billion euros the bulk of that growth came from in the midlands arc was ition by china's soon incorporation germany's business leader is in third place clubs like shocked by and showed strong revenue growth up fifteen percent across all teams to two point eight billion euros by the way the bundesliga is number one for match attendance with an average of more than forty four thousand loyal fans cheering each game can't beat the german fans in revenue terms spain's top league has now overtaken the bundesliga to be the world's second highest revenue generating leak though it's still devolved by europe's under spew to number one the english premier league with total revenues above five billio

last week, last friday, deloitte consulting hosted a stewardship day on y.b.i. working with peter summerville from our staff and peter brastow and other members of the department of environment. on the night of june 21st into the morning of june 22nd caltrans will be closing the westbound on and offramps. the newly constructed on and off ramps on the east side for maintenance. the westbound onramp on the west side of treasure island will still be available. over the last month, we had a suggestion box at the ship shape and an online survey we circulated to residents through next door to get suggestions from residents about possible improvements we would like to see in the residential neighborhood and we are evaluating some of those for implementation over the next year or two. we also will be having a project poll intern this summer. they start next week. and we will bring them to the july board meeting to introduce them to the board. in the field with construction, the improvements to the forest road detour alignment en slowed by encountering of the utilities b

deloitte canada seemed to indicate legalization is a matter of time the firm tweeting the world is watchingcanada steps into the spotlight as the first 2g7 country to legalize recreational cannabis nationwide. overall consumption will increase 35% once reunited nationsal marijuana is legalized. the firm estimates legal sales will make up more than half that total, but says the illegal market could be still worth more than $1 million. the developments this week have lit up several pot stocks, they include aurora which is up 7% over the week. canopy growth 8% more than a week c or cronos group up 15%. i also talked with aurora ceo who said with legalization "we think for the next 18 month what is we produce is already spoken for. he says they've been ramping up for the past two photograph years and they have several provinces in canada signing up r w them. >> aditi roy from san francisco. >>> if you're looking to get into the pot stock trade, tim has advice head over to the plaza to break it down. >> trying to give you a basket on how to trade this very exciting space wch is combination of th

we had a recent economic impact study done by deloitte and the study found that our 1.3 million visitors amount to $122 million annual economic impact to the city. and we focus on being a good neighbor and we have been very enga wh hnner sunset merchants' association and the inner sunset park neighbors and supporting initiatives like the formation of an inner sunset green benefit district. all right, last sli. so s you all know a major facet of our mission is to help the public to make informed decisions about the environment and human impact on our natural resources. our staff walk the walk every day. over 70% of our staff commute sustainable a caousee the breakdown of that, almost a third take public transit and about a third carpool. and the academy is a champion for access, and the museum and the golden gate park, regardless of socioeconomic status or mobility challenges. looking forward our newest exhibit which opens this week and i just saw it last night and it's beautiful "giants of land and sea," drives home the commitment to california and our ecosystem. and it's also our first

join me next week, talking with the deloitte ceo and former home depot ceo.ime ge ear. we'll talk to us about general electric as well. i'll see you sunday on sunday morning futures, catch the program 10 a.m. eastern. big program this weekend when i speak with bob goodlatte, the chairman of the house judiciary committee. along with the former canadian prime minister. that is sunday 15 a.m. eastern. we'll talking tariffs and nafta with stephen harper. that will do it for us. thanks for joining me. i'll see you again next time. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems

deloitte says european football clubs have moved into a new era of improved profitability and financial16—17 season, that's up 9% on the previous year. the english premier league was the clear market leader, with 86% more revenue than its nearest competitor, spain's la liga. let's hear some analysis. there are factors that go into it. the big one isgrove online. it's easier for people to shop around. on top of that, online means a broad range of products is no longer a unique selling point for retailers like department stores. that is where the main challenges, and alonso, we have had a big shift in locations in terms of shopping centres across the uk and think a lot of foot traffic has been drifted away from stores. they cannot move in the same way the smaller retailers do. apologies for that. that was a clip on something else. hello there. i thought i'd start this bulleting by heading over to the asia—pacific region to discuss a couple of areas which are seeing some very heavy rain at the moment. now, the first one is this tropical depression which developed over the warm waters of th

edwards — who sold poundworld for £150 million in 2015 — said he was in talks with the administrators, deloitteastfeed shouldn't be made to feel guilty, according to new advice from the royal college of midwives. the guidelines say that if a woman decides to bottle feed, her choice must be respected, but the official overall policy hasn't changed. that's a summary of the latest bbc news — more at 9:30. do get in touch with us throughout the morning — use the hashtag #victorialive. this morning, things are dominated by the historic meeting between president trump and kim jong—un. if you text, you will be charged at the standard network rate. just before the press conference... let's get some sport with hugh woozencroft. iam not i am not sure anybody has mentioned but the world cup begins this week. most of the teams are going to their final preparations. the england boss gareth southgate puts his team through a full game, even down to the detail of having premier league referees. that was behind closed doors, with gareth southgate not giving tambe much away about the first game against tunisia a

so we will among the partners, which include target this year and deloitte, they were actually with ust the very beginning. they are founding partners aarp is with us this year as a sponsor as well. we have to have a conversation post this conversation to keep it this size and keep the intimacy >> thank you for coming in >> intimate group of four and a few million. >> carla, thank you. >> thank you let's get a check on the new dow component. >> that is warm greens boot alliance as you know them. wva. get used to it >> that is the ticker. profit came in ahead of estimates beat by next el. revenue beat forecast as well. but the big news here may be the company authorized a $10 billion share buy back program, also raised its quarterly dividend by 4 vencents per share to 44 cent per share. >> analysts we spoke to pointed comp store sales down 3.8 percent. that's a little concerning it may be why the stock is down as well. >> wva, you have to use that ticker >> i still am thinking wag >> all right on deck, another "squawk box" news-making interview. what will it take to get american output