minister, whether or not there will be any decisions following that agreement that are not part of eu law. you can't say they will be a change in government. you cannot say they will not be outcomes of the reform referendum. mr. cameron: i got the attorney general of the united kingdom suggesting the agreement does not have legal force is not correct. it has affected a point at which the u.k. notifies the european union who wanted to stay. a summary of the legal analysis it says the renegotiation package is based on an international agreement which is binding in international law. it is irreversible. what i would say is let's not argue that we are doing all these things on false perspective. that is an honest disagreement. you want to leave the eu and i want to stay in. we have a referendum because we have a conservative government and a conservative prime minister. there are lots of things to talk about, but accusing each other of false perspectives under the legal opinion is very clear i think it's a waste of time. >> i'm sorry, but you quoted those opinions. as far as jacobs, one of th

what a pity that would be illegal under eu law. we cannot decide which parts, which professions, which qualifications we can attract from the eu. we must accept anyone who isn't eu citizen. irrespective of qualifications, the skills they bring. it's a bit of a double whammy because there's unlimited immigration from the eu which we cannot control and manage. therefore, the uk government has to limit immigration from other eu countries. if you're a businessman in india wants to get a visa to come to britain it's much were difficult because of the arrangement we have with the eu. non-eu citizens are being stung particularly that on this. if you forgive me, cheer, i think the whole -- >> just on that point, isn't which are trying to great, therefore, is that eu citizens should be treated with much the same citizens from anywhere else in the area? so the type of model you've got in mind, the one that can be applied to scotland is we would have this free movement of populations across the european union area, and anybody who wishes to co

minister, whether or not there will be any decisions following that agreement that are not part of eu law saying they will be a change in government. you cannot say they will not be outcomes of the reform referendum. mr. cameron: i got the attorney general of the united kingdom suggesting the agreement does not have legal force is not correct. it has affected a point at which the european unit in -- union notifies united kingdom who wanted to stay. of the legal analysis it says the renegotiation package is based on an international agreement which is binding in international law. it is irreversible. what i would say is let's not argue that we are doing all these things on false perspective. that is an honest disagreement. you want to leave the eu and i want to stay in. we have a referendum because we have a conservative prime minister. there are lots of things to talk about, but accusing each other of false perspectives under the legal opinion is very clear i think it's a waste of time. quotedsorry, but you those opinions. as far as jacobs, one of the most eminent qc's in the country and

you same these are irreducible -- irreversible, but they cannot be described as irreversible in eu lawe examples are not precedent because you have provided them to the european council and the parliament. no one including the council can control future decisions nor changes in member states governments or outcomes of referendums. that's what it clearly shows. in a recent u.k. opinion poll, 57% said they did not trust your package. only 22% did. in june,he voters vote it will be a historic vote on your package as a whole. as you cannot guarantee or even before treaty change they go to the polling station to cast their vote, i do not want to cheat the voters when they vote. david cameron: look, you and i have a long-standing mutually, i hope, understood disagreement about this . let me run through some of those points. we have achieved some change. there is international legal agreements that we have negotiated. the commitment to traded changed. >> it has not. david cameron: he asked a very long question that i'm trying to answer. that is important because the treaty change in those two

concerns that turkey will not uphold its end of the bargain. >> today, he rejected eu demands for the countries terrorism lawsnd made reference to protest. the eu provides opportunities from terrorists in the name of democracy. he says if you change this anti-terrorism legislation we will lift visa restrictions. sorry, we will go our way and you will go yours. a clear sign that the euu migration deal is on shaky ground. if it fails, it would only heighten the problems. they are often seen at odds. >> let's bring back dorian jones now. walk us through what prompted this announcement. >> he wants to focus on what europe is dealing with. until now he had been the front man on negotiations. now he is upstanding his authority on this agreement. it is what they can expect going forward. they believe they can do more with less. they want europe to return to the negotiation table because they need turkey to stop migrants from entering their countries area they will need turkey. he will expect a lot more from europe in exchange. if they are not prepared to do it, they are happy to walk away. they believe turkey will n

international agreement, but it is not the eu treaty change and it cannot be described as irreversible in the eu lawd the principles on what it is made clear to the legal ed a ad of the european council and parliament, and no one including the kocouncil can control futur decisions of the court, and nor changes in the member states governments or outcomes of the referenda, and the house of common analysis of the package clearly shows that in the uk opinion poll, 57% said that they did not trust your package, only 22% did. so when the voters vote on the 23rd of june, it is going to be a historic vote on your package as a whole, but as you cannot guarantee or even offer a treaty change before they go to the polling station and cast their votes, i want to thereby, aren't we cheat ing ting the voters why vote on that historic occasion? >> well, no, i -- look, bill you and i have a longstanding and mutually, i hope, understood disagreement about this, and so, but let me run through some of the points. first of all, we have achieved the full-on treaty change. there is in the international legal agreement t

eu subsidies. poland's new law is at odds with the eu -- and could well be putting that success at risk.ichelle: picture this: a small-town soccer team that languished for years at the bottom of the league tables and dreamed of making it into the premier division. and then one day the team's president came up with totally different coaching methods and turned their game around. this isn't a fairytale, it's exactly what happened to ostersunds soccer club some 600 kilometers north of stockholm. their manager believes that the key to their success is getting them used to performing outside their comfort zone. it's an approach that gives a whole new meaning to singing when you're winning. ♪ [singing "you'll never walk alone"] >> these men are giving it their all. this song should sound nice -- it has to sound nice. but that's easier said than done. >> i sing myself very, very badly! >> i think: what am i doing? >> my wife tells me very often that i cannot sing. the coach is in good company here. the question is: why do these men have to sing at all? ♪ >> they're really professional football

it's subject to eu law. are you saying that nothing scottland taken over the union? >> i'm surprised, wishat that the parliament plead significant part, that you have not stated before because that's clearly the position. the position is the uk government are arguing for scottland to remain in. mr. livington that a vast number of area, everything would have to be subject to negotiation. i think that you and your colleagues, for example, would want to echo the points that mr. livington made in the complexities of fishing across the eu because when i was aberdeen, there was a large number of people who were from the fishing communities who were wanting to leave the eu because they believe it would make this change, clearly it wouldn't. >> i think we all enjoy the session as i said, unless any colleagues -- [inaudible] >> very, very grateful. sorry to call you. thank you both very much. >> thank you. >> president obama's asia trip continues, today he travels to hiroshima, first u.s. president to visit the japanese city where the u.s. dropped an atomic bomb august 6th, 1

what a petty that would be illegal under eu law. can't say which professions, which qualifications we can attract from the eu. we must accept anyone who's an eu citizener representative of the qualifications, irrespective of the skills they bring. it's a double whammy. there's unlimited from the eu which we can't control or manage. therefore, the government has to limit immigration from non-eu countries. if you're a businessman in india who wants to get a visa to come to britain, it's much more difficult because of the arrangement we have with the eu. non-eu citizens are being stung particularly badly on this. if you forgive me, chair, i think the whole -- >> just on that point, isn't what you want to try and create, therefore, is the eu citizens should be treated very much the same as citizens from anywhere else in the world, is that the idea? the type of model that you got in mind, the one that would be applied to scotland is we would have this free movement of populations across the european union area, and anybody who wishes to

the decisions, you will -- as a form of the scottish parliament, as proved by the eu and subject to eu law, are you seeing there is nothing plenty of scotland is taking out of the european union? >> i'm surprised given that the snp to play a significant part in the first debate on the eu that you of not heard that stated before, because that's pleased that position. the position is the uk government are arguing for scotland and britain to remain in. he has made it clear that a vast number of areas everything would have to be been subject to negotiation. i think that you under colleagues for example, would want to echo the points that mr. livingstone made in the complexities of fishing across the you because what i was in aberdeen for the program is a large number of people in that audience who were from the fishing communities who are wanting to vote to leave the eu. because they believed it would make this change, but clearly it wouldn't. >> i really, really grateful to you. this could go on for another half hour and i think we've all enjoyed this session. as i said, i would like to see m

eu. this is vital of the future of scottish whiskey. >> for the record, mr. law, i did say to the chair when i made my comments, scottish whiskey are unequivocally in favor of the campaign. i want to make that clear. certainly pointing out that i think a flaw in their strategy for achieving a trade deal with india, i don't think it's going to be possible at least that it will benefit us, as if the eu negotiated. the chief executive, he did say last year that actually the membership of the eu was not important. what was important was the quality of the product. this is an argument i've been making for a very long time. it's not about trade deals. you know, you can trade without a trade deal. it's not about tariffs. it's about the quality of the product. the market will decide whether you have something that it wants to buy. if we produce things of high quality, the world will buy. so in france, we sell more scottish whiskey there in a month than they sell brandy in a year. that's because it's a high quality product. i think we should have confidence in what we act

eu subsidies. poland's new law is at odds with the eu -- and could well be putting that success at risk. picture this: a small-town soccer team that languished for years at the bottom of the league tables and dreamed of making it into the premier division. and then one day the team's president came up with totally different coaching methods and turned their game around. this isn't a fairytale, it's exactly what happened to ostersunds soccer club some 600 kilometers north of stockholm. their manager believes that the key to their success is getting them used to performing outside their comfort zone. it's an approach that gives a whole new meaning to singing when you're winning. ♪ [singing "you'll never walk alone"] >> these men are giving it their all. this song should sound nice -- it has to sound nice. but that's easier said than done. >> i sing myself very, very badly! >> i think: what am i doing? >> my wife tells me very often that i cannot sing. the coach is in good company here. the question is: why do these men have to sing at all? ♪ >> they're really professional football players.

eu. he warns turkey will go its own way if brussels does not ensure visa-free travel for turks. this comes after a refusal to change its anti-terrorism lawthe criteria for the eu deal. reporter: turkish president erdogan takes a swipe at the eu as ankara and brussels come close to reaching an agreement to lift visa restrictions. erdogan is defined, concerning some eu demands. >> the european union lets terrorist build camps and provide opportunities in the name of democracy. tells us if you change your anti-terrorism legislation, we will lift the visa restrictions. sorry, we will go our way, you go yours. reporter: turkey must fulfill eria more crit before they will lift the visa requirements which includes narrowing their legal definition of terrorism and protecting personal data. erdogan thanked his supporters after the prime minister announced his legislation, closing a rift between the two. the prime minister had lukewarm support for the president. he's expected to be replaced by someone who will push for the reform which erdogan said must be done as soon as possible. >> the presidential system issue is not his personal request. the

you can't present whether or not there are going to be any -- they're not part of eu law. you can't say that it won't be changed in government, and you can't say that about the current referendum. >> i'm not just quoting one law. i have the attorney general of the united kingdom who suggested this doesn't have legal force, is not correct. the position is this, the deal has effect at point which the uk says they wish to remain. indeed, the legal adviser to your committee in the summary says the renegotiation package is based on an international agreement which is binding in international law. it goes on to say it is irreversible. now, what i say, bill, is look. let's not argue that we're doing all these things. let's have an honest disagreement. you want to leave the eu, i want to stay in a reformed eu. we have a referendum because we have a conservative government and a conservative prime minister. lots of things to talk about, whether we're better off in or out, but accusing each other of false perspective when the legal opinion is very clear, i think is a waste of time.

google as you know has been accused by the eu of breaking the laws by unfairly dominating the search market. so far no fines have been leveed so this could be a big deal. some are looking for as much as $6 billion. the $3.4 billion may not seem that big but it will be a record. >>> amazon will launch a new line of private labeled brands in the next few weeks of household brands and foods to include happy belly and mama bear according to the wall street journal. amazon is diving deeper into apparel. >>> and shell is looking into a spinoff of the noncore assets according to reports. this as the oil giant deals with the huge debt pile following their merger. >>> and toyota plans to take legal action -- volkswagen is looking to be sued from norway east wealth fund. >> this triggered the recall of 11 million cars. there are several cases against vw brought by the u.s., germany and the netherlands. the most recent case stems from vw saying the devices that helped these vehicles cheat were of rogue employees. and the chief investment officer says that management should have known. as an inv

the eu will still make laws for us in the same way.ou can still be outvoted on almost anything and we are regularly. the european court of justice will still act as our supreme court. laws will besame made in brussels. for example, it is the job of brussels to decide on working conditions in our factories and in our offices. to decide on the environmental rules that can hold back the development of new housing estates. to set the standards of our transportation system. to decide on who can be defined as asylum-seekers. tamponswe levy a tax on as a luxury product. believe it or not, that is a true one. how our farmers work their land. how cancer research is conducted. how powerful our vacuum cleaners are allowed to be. the rules on fishing in our waters. the aid we can provide to struggling industries like steel . the hours that doctors work. i could carry on with examples for half the evening. it is a process. year after year after year. .he way it works is this the european union is governed under two documents. the lisbon treaty and

the eu will still make laws for us in the same way.can still be outvoted on almost anything and we are regularly. the european court of justice will still act as our supreme court. all of those same areas of our laws will be made in brussels. for example, it's the job of brussels to decide on the working conditions in our factories and our offices. to decide on the environmental rules that can hold back the development of new housing estates. to set the standards for our transportation system as we travel to work. to decide who can be defined as the asylum seeker. whether we levy a tax on tampons as a luxury product, believe it or not, that's a true one. how our farmers work the land. the rules that govern our oil industry in the north sea. how cancer research is conducted. laws on consumer protection. how powerful our vacuum cleaners are allowed to be, another true one. the rules on fishing in our waters. the aid that we can provide to struggling industries like steel. the hours that doctors work. and i could carry on giving you examp

but eu leaders insist the waiver will only take effect if they rewrite their terror laws and abide by other conditions they agreed to. migrants coming to germany could face much stricter conditions, including restrictions on where they live and how long they can stay. that's a new report from the institute for population development warns that the number of migrants from the middle east and north africa could rise even further. reporter: the arrival of more than a million refugees focused the attention on the crisis in middle eastern and north africa. many who came were young men fleeing war or a lack of opportunities at home, especially in north african countries. >> there are not enough jobs for these young people, especially jobs that pay a decent wage and correspond to their qualifications. many have completed high school or have been to college in the only jobs they can find our selling or delivering goods. reporter: in the year 2000, there were about 800 housing refugees from the middle east and north africa. by 2010, it had grown to 1.99 million. most of them, especially those

that could come in the coming weeks as google has been accused of the eu by breaking laws by unfairlyominating the search market. >> how come home depot and lowe's post one day and the next day -- >> just to prove the other one is better than the other. >> but all the retailers -- >> how can airfares at different airlines be $412.15 and then you call the other place and it is $412.15. how does that happen? how does lowe's -- >> i think there is more collusion going on in the airfare side than on the earnings. >> why do the two big competitors -- >> because they both end on the january 31st calendar. >> but there are a lot of to other retailers -- these are one day we get home depot, the next day we get lowe's. >> would it be weirder if it was the same day? >> if i was lowe's i would move. >> i would, too. >> because lately it hasn't been holding up. >> so go first and get the news out of the way? >> i just think you need space. >> for a while when home depot lost its way and lowe's -- it was softer, more gender-friendly and everything. and now back to home depot. >> mainly. >>> in aut

saying that he is not going to make changes to his antiterrorist law when it was agreed that he would as part of this migrant deal with the euguest: there is a had aware he feels he has no constraints and he is able to say and do whatever he believes and there is not a good cop to balance this. there were disagreements behind the scenes that led to the removal of the prime minister. president feel the he has the eu over barrel, that they need to deal to stop the flow of migrants and it does seem to be working so he can get away with this. >> would you look at the balance of power it is in turkey's favor. explained how important this is an this is a case in which the president can say we will do it our way. he is playing turkish politics on a much grander scale than we have seen. >> is he trying to move away from the prior lament tree -- parliamentary system question mark is he trying to have a complete paragraph? >> that has been no secret. he has wanted a presidential system from the moment he came in and he has been trying to change it for a while. he had a setback when he lost the elections in june but he came roaring bac

the eu eight cases are another example of law being applied beyond its original intent to target corporations. again, almost exclusively american corporations. in the u.s., we're seeing increasingly american companies forced to consider a foreign acquisition or to succumb to a foreign takeover as the only way to remain competitive in the global marketplace. the transactions are labelled inversions but we should recognize them for what they are, a means for survival. the ways and means committee held a hearing earlier this year on the global tax environment in 2016. what that means for tax reform and the clear conclusion was we need fundamental tax reform that includes a modernization of the u.s. international tax rules. an important point that was driven home at that hearing, was international tax reform is not just an issue for global american businesses, it's an issue for all american businesses if a global company is forced to move headquarters to a foreign country through an acquisition or takeover, that often means that over time key decisions that used to be made in the u.s. will be mad

there is a law in the european union that states in a plane comes outside of the eu, it has go throughity check before it takes off again. this plane, egyptair would have been subjected to that. usually outside security firms are tasked with it and of the compressed amount of time. it might have been done, for example, at the same time that the plane is being cleaned. those cleaners and crews and anyone with access to that plane. that's the kind of information and background checks that are being run on now that egyptians are asking for. in addition to that as we are looking of what's going on in the mediterranean and the french ships making its way there with specialized equipment on board with divers and police regarding anything they are able to get off the surface or from surnd benea underneath. here at charles de gaulle, this is where the plane took off. french officials denied they have found anything and reviewing this surveillance video and looking at people who have access to the plane, nothing would indicate to them terrorism. they have made appoint that there is no step up s

julian thompson wrote in either greatthat britain will remain in the eu, dominated by people we do not elect and to dictate the laws govern us, or we will take back control ever turn to an independent country in which our parliament is elected by us. so basically, i woke up this morning and there were 10-20 former generals of the british air forces and the raf, and they say that because of rules done in brussels, it puts the u.k. soldiers at risk. quote, we have a general do we have a churchillian angle like this? it's as if churchill wrote", seriously. francine: right. a lot of people who are against brexit say this is old school. they imagine the commonwealth ruled britannia but others say it has an impact. let's talk currencies. when you look at the currency debate, will it be crazy volatile? >> we have seen an easing of volatility given the rally in the pound over the last week or so. but certainly, this is an event which we think is too close to call. therefore, we think volatility will remain in the sterling. francine: tom keene is so excited. s&p is saying that the brexit will risk sterling reserve aces. com

unger says turkey must stop its anti-terror laws if it wants piece of free travel in europe for turks. he said he would scrap a landmark refugee deal if the euloosen travel requirements. germany is running into a problem trying to expand the military presence in global trouble spots. they need airplanes to send troops around the world. there have been long delivery delays with the new airbus transport. germany is the largest customer for the airplane. the defense minister will buy aircraft from the airbus rivals. the bank of england keeping a close watch on the property market. governor carney says mortgage lending for investment properties could threaten financial stability. record low borrowing costs have fueled a demand for rental homes. there is a concern first time buyers are being squeezed out. global news, 24-hours a day, powered by our 2400 journalists, in 150 news bureaus around the world. i am taylor riggs. vonnie: thanks. its 2015ng adding to rally. wci and brent rising above $50 a barrel. brent touched the highest level since november and bti him in the highest since july. u.s. inventory now last week amid disruptions in nigeria,

eu is june 23. france will is vowing to defend labor reforms against new resistance. union cannot dictate the laweries walked out this week, creating a nationwide shortage of gasoline. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus i am nejraworld, cehic. tom? tom: a quick data check. equities, bonds, currencies, commodities, before we get to james sweeney of credit suisse. h schoen to the market -- a churn to the market. ore, the commodity challenge in asia. francine? francine: i think we are seeing parity on brent and wti. currently it is at 49. you can see goal down. it was gaining earlier on. are waiting markets to hear what janet yellen has to say. it is 6:15 u.k. time -- it is at 6:15 u.k. time. james sweeney is with us from credit suisse, who did quite good work on inflation and disinflation a year ago, 14 months ago. we recalibrate before an american three-day weekend with mr. sweeney of credit suisse. let's do the u.s. economy in a bit, and we will go to japan and the g-7 meetings. what is the risk of global recession. am i worried? that weou ha

not by creating some vast new eu bureaucracy nor by sucking away the role and capabilities of our own world-beating intelligence and lawon much closer cooperation between european governments and much faster and more determined action across europe to deal with this new threat. as the historian neil ferguson observed, it takes a network to defeat a network. and european measures are a key weapon. the european arrest warrant allows us to bring criminals and terrorists like one of the failed 21-7 tube bombers that fled to italy. we could bring them back to the u.k. to face justice right away. our membership of europol gives us access to databases to help identify criminals. and we've begun to cooperate on dna and finger print matching across borders too. these tools help us in real-time, life or death situations. one of the paris attackers, salah abdeslam, was only identified quickly after the attack because the french police were able to use eu powers to exchange dna and finger prints with the belgians. before this cooperation, dna matching between two countries didn't take minutes. it could take over four months. in th

the eu data protection regulation, which you've heard the privacy discussion last week, europeans think is way tougher than u.s. privacy law, does not require an opt in consent for first party advertising. this party, this first party advertising aspect of the cp&i rule would be the toughest or most extreme however you want to characterize it restriction on use of data by entities that you as a consumer have a relationship with in u.s. law. if it were to go through without qualification. in the health context, there are limits in some aspects, first party advertising is prohibited, your doctor can't come to you and say hey you should use this drug instead of that drug. they can put up signs but they can't use your information to go propose that to you. if you go to a hospital, some of you may have had to do that for good reasons or bad reasons, and you check into the hospital, you get marketing communications from that hospital because they know that you've been to the hospital. they start offering you other sorts of services and things through their hospital. this would be a limit only on offering existing types of servic

david cameron wants to push through, various laws about prisons and about health and various other things he wants to get through. and interestingly, brexit or the euo do is address one of the big concerns that people have, and that is that the european court of rights over in the european union, away from here in london, has control over a lot of what is allowed here in the u.k. so he wants to bring some of that power back. he wants to remain part of the system, the legal system, in europe, but he wants british judges to have the final say on human rights, for example. so that's where the referendum comes into this, where politics comes into this, where he wants to convince people by staying in the european union that actually it will be okay. you can address some of those concerns about the european union, but there's the broader question, isha, which is whether or not he'll be in power to push these laws through. that's because if he loses the referendum, there's going to be a question about his leadership whether or not he'll be in power even in a couple of months. >> it's a big day, the beginning of an important couple of weeks there in the u.

the eu has begun investigating whether pollens is affecting the constitutional court and the media give the ruling party too much power. the prime minister says her government uphold the rule of lawtory shows that poland suffers when outsiders interfere in its politics and the standoff is raising questions among investors. alix: coming up, rising content costs. cable television relevance and a brand name phaseout. we will hear from the ceo, tom rutledge, next. ♪ scarlet: let's head over to the nasdaq were abigail doolittle is standing by. abigail: we are looking at a bit of a rally on the nasdaq. apple is nicely higher. we also have my from trading higher. and tesla. as rabble, it is the biggest boost in the nasdaq, higher on the bullish comments from bernstein. he thinks apple's market cap trillion ifp to $1 apple implements its subscription-based revenue model. ae stock has been trading in range between the buyers and the sellers over the last year. they things that happened. last week, the buying support did break. bond the news that warren buffett took a $1 billion position in the first quarter, the buyers have reclaimed the stock. the question is whether or not it can last.