of its laws after brexit — government proposals stress the european court ofjustice would retain no directjurisdiction. when leave the european union we will leave the jurisdiction of the european court of justicewill leave the jurisdiction of the european court ofjustice. it is britishjudges who will european court ofjustice. it is british judges who will interpret oui’ british judges who will interpret our laws and will be the british supreme court that will be the ultimate arbiter of those laws. as the 20th anniversary of princess diana's death approaches — prince harry talks to the bbc about the night of that fatal car crash. she had had quite a severe head injury, but she was still alive very much on the back—seat. president trump launches a lengthy tirade against the media's coverage of cha rlottesville — saying mostjournalists are bad people who hate america. a warning that identity theft has reached "epidemic levels" — with people in their 30s the most targeted group. also in the next hour... transport secretary chris grayling says the north of england should solve its own local transport problems. while regional leaders meet in leeds to demand the same investments in transport links as

we are very clear, we won't have the jurisdiction of the european court of justice. have the jurisdictione european court ofjustice. we will put in place arrangements to ensure businesses have the confidence of knowing they can continue to trade gci’oss knowing they can continue to trade across the european union. the european court of justice across the european union. the european court ofjustice is the bedrock of all eu institutions. its reach is extensive. ministers promised today to end specifically the directjurisdiction of the court. that has punted claims of a climb—down. court. that has punted claims of a climb-down. pragmatism has won out. the prime minister's earlier position making this a red line was always impractical. now we're moving toa always impractical. now we're moving to a sensible position. indeed we said at the time this is where we would have two and up to have a compromise. the prime minister is recognising there will be a role for the european court, whether it's in relation to the withdrawal agreement, the transition period or even post brexit in terms of the e

european partners will go from strength to strength. this resolution between the uk and eu is only one aspect of a potential future role for the european court ofjustice. what future role for the european court of justice about future role for the european court ofjustice. what about all of those other various areas of the ec], underpinned within the eu, will they not still have influencing directly? we are ending the jurisdiction of the european court in dealing with dispute at international level. we think that it should do what it says on the tin, but of course, precisely because we are taking back democratic control over our laws, they will diverging but time and both laws or want to keep an eye on what the other is doing, so we can manage and prevent disputes getting out of hand. that is how our friendship will go from strength to strength as we leave the eu. adam fleming joins us now. theresa may said that she would bring an end to thejurisdiction of may said that she would bring an end to the jurisdiction of the ec] in britain but now the government is calling for an end to the direct jurisdiction of the court. how important is that change in the wording? well, for a lot of commentators in the n

jurisdiction leave the european union we believe thejurisdiction of leave the european union we believe the jurisdiction of the european court ofjustice the jurisdiction of the european court of justicend the jurisdiction of the european court ofjustice and we will be able to make our own laws, parliament will make our laws, british judges will make our laws, british judges will interpret those laws and the british supreme court will be the ultimate arbiter of those laws. if you want every detail on how the government sees this working you can get that online on the website. before we get to the politics, here isa before we get to the politics, here is a timely video from adam fleming on is a timely video from adam fleming o n exa ctly is a timely video from adam fleming on exactly what the european court ofjustice dolls. —— does. there are actually two courts, the court ofjustice, where national courts can ask for a eu laws to be clarified and eu countries can get into trouble for breaking eu rules. and the general court, where decisions made by the european institutions can be challenged by countries, companies and individuals. it means all sorts of stuff co m es individuals. it me

we will preview the government's on the european court of justice. oomberg. ♪ ♪ manus: 1:47 a.m. in the city of new york. s&p futures down. usede the wind that you which is a button. donald trump is pressing the buttons of the market. talking about getting out of market -- nafta. perhaps threatening not to do the budget extension in the autumn time if he does not get the money. a government shutdown if he does not get the money for his wall . all of the markets are taking heat. anna: he has been talking about the media. a rally in arizona. now he is on twitter. not only does the media give a platform to hate groups but finds a blind eye to the gang violence on our streets. trumpunding more like the we have come to know rather than any kind of trump reset that may have been an expectation around arizona. andelieve that one there get a business flash with juliette saly. thank you. u.k. companies getting more worried about the economy and feeling less confident in spending money for hiring or investing. saysecruitment employment it has fallen to the lowe

potential customs union between just as and the eu, and this issue of directjurisdiction of the european court of justicef directjurisdiction of the european court ofjustice, that will end with some role for the court remaining? you talk about a bunch, but these blurring things, could they be enough to get us do it? they have such emotional resonance amongst the brexiteers here that this is the problem. if you have a major trading relationship with a block like the european union, you need some means of arbitrating disputes. you can't have it. if you andl disputes. you can't have it. if you and i were to do a contract, we would agree who would arbitrate and if there was a dispute, so depending european court of justice if there was a dispute, so depending european court ofjustice as a great imposing dominant thing which imposes laws is nonsense, but you can't rule that back with the group that theresa may as the biggest problem with, the hardline brexiteers in her own cabinet. some have been making a bit of noise ina some have been making a bit of noise in a mollified direction saying that, look, it is n

one of them was that we would have nothing more to do with the european court of justice... do with theof justice... a lot of people felt very strongly about it. but that is the many brexiteers an absolute plank... it is everything for them and we have somebody who used to be a legal adviser to the government saying that cannot happen if we wish to have a close relationship with the customs union. it is very simple. it isa customs union. it is very simple. it is a legal relationship. what we are asking the eu to do, which it cannot do, is create a new tier of lawjust for the uk. they are saying what are we getting out of this? what are we getting in return? nothing that is going to benefit the eu. the interpretation was quite simple that the power of law and lawmaking was handed back to the british court. absolutely beautiful. the problem is, you either get out or you are in. you cannot create a new kind of eu citizen who lives in the uk, under two differentjurisdictions at the same time... why not? america is to justice systems? note, the same time... why not? america is tojustice syst

jurisdiction of the european court ofjustice, we will put in arrangements to ensure businesses have the confidence of knowing they can continue to trade across the eu. so why does the european court of justiceter? well, it referees disputes between eu institutions and member states. it's the ultimate arbiterfor member states. it's the ultimate arbiter for all the member states. it's the ultimate arbiterfor all the rules member states. it's the ultimate arbiter for all the rules and regulations that make the eu tech. and itsjudgements have shaped everything from our food standards to work as' writes. for many people it's become a key chemical representation of the lack of control of our own laws, basically ministers can find themselves being forced to change eu law because the ecj have said what we are trying to do here and the laws that parliament has passed i incompatible and we have to change things. but going forward we will have some sort of relationship with the eu and that means we can't divorce ourselves from the ecj influence completely. that's the dilemma for the government. what does today's paper tell us about its aims? well, ministers accepted they would have to keep half an eye

but something it appears easy to free ourselves from the european court of justice. ter the summer break, they will be a series of papers to absorb from the british team, including immigration, the irish border and that court. have the europeans been impressed 7 border and that court. have the europeans been impressed? they have been optimistic about the sudden outbreak of realism from the british government. the on other hand these petition papers were very strange. these were edition papers without decisions, they were just scenarios. the british government has no position. but there were some signs of realism in that the british government is ready to continue to contribute to the budget of the european union for as long as it is a member. there has been some welcome movement in the area of the authority of the european court of justice, and i think a fudge is going to be arranged. there is also some interesting noises about britain wanting to have a deep and special relationship with the european union, wanting to have also a special trade relationship with the eu

of the european court ofjustice. that jurisdiction of the european court of justice. ng to happen. at that point, vague promises during the referendum campaign to take back control of our laws, suddenly became the very specific promise to end the jurisdiction of the ecj in the uk. it became a government red line. the trouble with that is all the rules and regulations that make the eu tip ra the scene by the european court. so if the uk decides after brexit it wa nts to so if the uk decides after brexit it wants to stay in the european air safety agency, or the european arrest warrant, or the european medicines agency, or a long list of other agencies that regulate various aspects of our lives, it will have to a cce pt aspects of our lives, it will have to accept that the ecj will still have influence over uk affairs. that is why the government is now calling foran is why the government is now calling for an end to the direct jurisdiction of the ecj, which implies an acceptance that we will have to follow many of its judgment indirectly, if we want to create the deep an

wants to bypass the european court of justice's -- court of direct intervention.re than 2700 journalists and analysts in over 120 countries, i am taylor riggs. this is bloomberg. francine: thank you. when it comes to brexit talks, they have not started, or they will not start until next tuesday. this is all about strong european pmi data. ,t may be a double edged sword for example, the dax. stocks aree european down. the stronger the euro, the more andicult for the exporters i had to put the wpp, the world's largest advertising company is down 12%. david: a dearth of data in the u.s.. futures are down 6%. weakening of new mexico last night on the heels of the comments made by president trump. president trump went on the offensive and a campaign style rally in arizona. he threatened a government shutdown if congress does not approve funding office proposal wall along the mexico border. president trump: believe me, we have to close down our government, we are building that ball. let me be clear to democrats who oppose a border wall and stand in the way of border sec

the principle is still very clear that we leave the jurisdiction of the european court of justice we court ofjustice but it does also provide some options and it is pragmatic. we are in a negotiation which requires compromise. what about what sir paul was saying, where he clearly sees a gap in what is being put forward, do you acknowledge that? there is a difference of view between the uk and the eu. this paper confirms the government's position that the rights of eu nationals will be protected in our court. that is entirely reasonable. our courts are respected around the world, no one can possibly say they are not independent of government, not least because the rule against the government on a regular basis. the application would be that in that case uk citizens living in the eu would still be beholden to eu courts? i think we could go down those lines. if we expect eu nationals in the uk tim ryan our courts, it is reasonable to expect the courts and the european union to respect and enforce the rights of british nationals living overseas. but that is another example of influence t

and a number of position papers published by the government they include trade customs the european court of justice and the border with northern ireland detailed in them are ways to obtain a two to three year transition period before leaving the customs union also to break off early be european court of justice is in direct jurisdiction over britain and then to institute what it calls flexible solutions as it works to avoid border posts with ireland something not particularly well received by the. you. south korean court sentenced billionaire and former chief of samsung lead j. hong to five years in prison for crimes that helped topple the country's president in an effort to cement his control over the samsung empire legia yong is guilty of bribery and best moment and hiding assets overseas the essence of the case is an ethical collusion between political power and capital offering bribes to pocketing high when she was self korea's president fed public outrage which contributed to pox removal. in the meantime samsung has rolled out a product it hopes will heal its rift with customers presales for t

has issued a bunch of position papers on a raft of stuff, including the european court of justice, whichmportant point down the road. rnier is saying is we need to focus on the withdrawal issues, the financial arrangement for when the u.k. leaves. this is one of the issues the u.k. has not in forthcoming on to barnier is saying we need deal with this now, in the next eight weeks if you are going to be able to show sufficient progress in order to move on to the paradox, which is something did u.k. has been amending. get: eight weeks until we to that leaders summit on which they decided sufficient progress has been made. thank you very much. greetham is still with us on daybreak. there could be a few headwinds in the brexit story in the months ahead, we get this meeting of eu leaders, will progress have been made? before we get there, likely some domestic test for theresa may under government based around changes over the weekend. labor favors single market membership and customs union membership during a transition. bank of two to four years. that is not quite how the government is puttin

they disagree, still, whether the european court of justice should have a role in guaranteeing the rightson ireland, progress has been made especially around protecting the common travel area. but the so—called divorce bill is the biggest sticking point right now. the eu wants the uk to pay up to 100 billion eu's end what it sees as financial obligations the uk agreed to while it was a member. the uk says no, it will pay something, but refuses to specify. these brexit talks have been largely technical. political pressure to push for progress is unlikely to come from the uk or the eu until after the conservative party conference or the german elections next month. meanwhile, as the eu likes to repeat, the clock to the end of the uk's membership is ticking. in the last few minutes, the transfer window for premier league has closed in england with clubs spending more than £1.2 billion on top players. england forward alex oxlade—chamberlain has moved from arsenal to liverpool today for £35 million, while manchester city's second bid for arsenal's forwarded striker, alexis sanchez, has fallen

wants to avoid the return of so—called hard border with the republic of ireland, and the european court of justiceh life after brexit, itjust went be a direct influence. so for the european officials i talk to and not particularly impressed by the position papers coming out of the british government. they think that the british government is trying very ha rd to the british government is trying very hard to unify itself around a common position which is fair enough andi common position which is fair enough and i think the british government is sticking to a british audience trying to show it is making progress in the talks but on substance as far as the eu is concerned the british papers are not substantive enough to really m ea n papers are not substantive enough to really mean that the talks could move ahead. but is because the eu wa nts to move ahead. but is because the eu wants to focus on its priority issues of agreeing a way to calculate the uk's debts, protecting the rights of eu citizens living in post— brexit britain, and what to do about the irish border. so far, no agreement on any of t

from thejurisdiction of customs union and removing britain from the jurisdiction of the european court of justiceve agreed on that and this has removed that element of what philip hammond was dry to do... does that mean he has lost the debate? it seems to me like it's a bit of a compromise. liam fox clearly did not want a transitional period of any sort, he thought it will be what will be dubbed a cliff edge in march 2019. philip hammond once this transitional period seen by the other side as remaining by the back door. he has accepted that must be a transition period but for a limited period, but we don't know how long. that is the key, how long is the transition? philip hammond. thing about up to three years. transition? philip hammond. thing about up to three yearslj transition? philip hammond. thing about up to three years. i would have thought that was a sensible amount of time. i think they probably bought it down to 18 months, two years. it also says over the next ten days as we get new proposals coming through it is understood theresa may will offer free movement to irish citizens in and

will have completely left the eu, and we'll no longer be subject to the supremacy of the european court of justicethe european court ofjustice. we will be leaving the single market and leaving the customs union too. former conservative cabinet minister david jones there. athletics now, and bitter disappointment last night for the two biggest stars of athletics — mo farah and usain bolt — making their last major track appearances at the world championships in london. bolt pulled up with cramp in the 4x100 metres, with the british team taking gold. usain bolt leaves the world of athletics having won 19 global gold medals in all, and as holder of the 100m and 200m world records. sir mo farah meanwhile was beaten into second place in the 5000 metres. he couldn't repeat his 10,000 metres heroics, where he won gold. after the race last night, he looked back on his career, speaking to the bbc‘s philjones. it has been amazing. it has been a long journey but it has been incredible. it doesn't hit back until you compete here and finally, after crossing the line and having a couple of minutes to myself, real

yes, and i am actually in luxembourg, the home of the european court of justice. in luxembourg, the homert of]ustice. this government paper will be all about how do you solve disputes that arise between the uk and the eu, either around the brexit deal signed, or any future free trade partnership deal signed between the two sides? and crucially the british government does not want any dispute mechanism to include the european court of justice. the prime minister when she has talked about this issue has said she wants to end the jurisdiction of the ec]. now ministers talk about ending directjurisdiction. people will be combing through this paper when published at lunchtime for any hint ofa when published at lunchtime for any hint of a climb—down, a change or a softening or reinterpretation of the government's position. 0ne justice minister talked about how the fact that the uk will be keeping half an eye on what the uk does in future. what does that mean in practical, legal and political terms? we also know that the eu still sees a role for this place after brexit, especially on the issue

shows that all stand in safety a line in this case is why europe lost against denmark in the european court of justice in this story i don't know khandaan says i. don't need more info to mention the us i am not one who knows. so let's look at the facts mr commissioner. denmark wanted to limit the use of nitrites the european commission was against it and in two thousand and three in court the danes won in the name of the protection of public health. i am very happy about european court decisions than european court. probably is but i want to do it that. and the commissionaire to sponsor a problem is in better conditions and yet since this court ruling e.u. regulations are just as lax as ever. from my point of view we must be more and asking to change the. need for follow ups to keep. on board popular coutts but i'm just not put off it absolute but it's but it's of course it's. time perfect that's just what the food industry wants and what it is built its strategy on for years. because when it comes to nitrite industrialists have been waiting out the clock for forty eight. years of scientific manipulat

of that period we will have left the european union. we will no longer be subject to the supremacy of the european court of justice. subject to the supremacyet and the cu5tom5 be leaving the single market and the customs union. that is brexit minister david jones. i'm joined via webcam by the liberal democrat foreign affairs spokesman tom brake. good afternoon. what do you make of this article? ha5 peace broken out? i think david jones has just confirmed that what this is about is perhaps getting philip hammond back on track with a hard brexit programme. clearly mr hammond, perhaps while the prime minister was out of the country, started saying things about the impact brexit would have on the uk economy and the need for a soft brexit. that people like liam fox and david jones were not co mforta ble liam fox and david jones were not comfortable with. now he has been brought back in line. it is not hard brexit if there is a transitional deal, is it? ratherthan brexit if there is a transitional deal, is it? rather than saying everything has to end on the 31st of march, this is saying that we can have a period, we can delay some of the impact

leader wants to end direct jurisdiction of the european court of justice. be perhaps tacit acceptance that there has to be some relationship with the european court of justice if she's ever going to get divorced talks moved ahead. is this a breaking of redline for you? the potential compromise moment? william: it is some part of compromise. the government's positions have long been inconsistent. we are still in a have your cake and eat it phase of the talks. the government is looking for unrestricted access to the e.u., but it has red lines. co. argued that a transition agreement would mean the ecj would have jurisdiction over the u.k. it shows that at least there's going to be some party. does this mean the talks are going to be called off next week? that may still be the case. we're still not at the brexit bill state. manus: matt, jump in here. matt: when does this really have an effect on your investment strategy? traders can move every day on some new brexit story, but as an investor, when do you start to lock in trades because you can get a sense of di

adam fleming is at the european court of justice very much. uropean court of]ustice in luxembourg. we know what britain was out of all of this, but let‘s not forget this is a negotiation. yes, and we can split this into the short—term, medium term and long term. in the short term the first test will come next week when david davies and his opposite number, michel barnier, will sit down for a further round of talks. at the top of the agenda are the rights of eu citizens living in the uk after brexit, which europe wants to be guaranteed by the ec]. in the medium—term michel barnier has proposed the issues that come out of the brexit agreement could be sold bya the brexit agreement could be sold by a joint committee of officials from each side and if they cannot reach agreement, that would go to the ec] for the final say. you can imagine the uk signing up to the first part of that, but not the second. as for the long term, the final, permanent deal between the eu and the uk, that is an issue for phase two of the talks which will not start until th

of the european court. so many questions, people trying to interpret what exactly that will mean. the government has set out a number of a flexible arrangement of justicee some influence. but the question will be just how much the european court of justice would continue to have some influence. but the question will be just how will that be. , their political opponents have criticised the government with jeremy corbyn saying the prime minister is backtracking. the, their political opponents have criticised the government withjeremy opponents have criticised the government with jeremy corbyn saying the prime minister is backtracking. way to get back sovereignty, have control over our laws but still it eu group open europe have said it is a climb—down. the government is trying to find a way to get back sovereignty, have control over our laws but a method to enable it to resolve disputes within the eu going forward within any future trade agreement. the government has that there are with the which have agreements with the eu but european court of the european court this overriding effect does not have this overriding effect does not have this overriding e

you have to accept the jurisdiction of the european court of justice, which a lot of people again mayalso you have to accept that we will have to continue to pay our bill to the european union as effectively, although not quite, a member state as we're in this transitional period. so particularly i think a lot of labour voters who voted leave in the eu referendum might be scratching their heads this morning and thinking, hang on, it sounds like staying in by the back door, but then again it will be music to the ears of those who favour a so—called softer brexit and in the heart of hearts would actually like us to stay in. jonathan blake are speaking to me a little earlier. the victims of the grenfell tower tragedy will be remembered with a minute's silence at the notting hill carnival. security for the event has also been reviewed in the wake of the barcelona terror attack. simonjones reports. # it's like an invasion...# the carnival is getting under way. more than1 million people are expected to flock to the streets of west london over the next two days. but amid the revelry, there w

know the nature of that ongoing relationship remains incredibly complex and things like the european court of justice and the importance of all those george talkies of terrorism being just.

institutions, where thejudge would be regulated by eu institutions, where the judge would be in the european court of justiceth full, 100% power, in the euro system, and the market regulator would be established in paris, with no powerful westminster, or the bank of england, orfor the uk regulator, then maybe we could have another system. but i do believe that this is, that this is imaginable. this is why we believe that... a rather large and so. the election ofa a rather large and so. the election of a medal in may, we are seeing france in a more assertive way than it was under francois lond. —— emmanuel macron. he wants to make it more market oriented. there is a great deal of opposition within fronted self from ordinary citizens. —— france itself. fronted self from ordinary citizens. -- france itself. the labour market reform, the first one to be implemented, is a perfect example of something which is processed quite smoothly and very well. there have been many discussions with the unions. there was no big opposition. cani unions. there was no big opposition. can ijust unions. there was no big opposition.

that will mean ending the jurisdiction of the european court of justice. ending the jurisdiction of theu‘s in practice with independent third countries. i think the likely outcome is that we will need some form of arbitration. the way that typically works is that the uk appoints an arbitrator, the eu appoints an arbitrator, the eu appoints one, they may agree to a third one, and between them they settle bones of contention. that is the kind of process that both sides can have trust and confidence in. that is what we are looking for, dispute settlement process which ironed out any creases and makes sure that ourfriendship ironed out any creases and makes sure that our friendship and a partnership on trade and security and other areas of cooperation can go from strength to strength. and other areas of cooperation can go from strength to strengthm sounds very long winded. how long do you think it will take to enshrine eu law into uk law? you can, as you say, in these disputes quickly, because that is the important part, isn‘t it? because that is the important part, isn't it? it is to make

at the moment it's the european court of justice, these things? the european court ofjustice, the uk is desperate to avoid the purview of that caught and they think they can do that, they may have a different view. this is a position paper, not policy and no position paper survives first engagement with the other side i suspect they will have a lot to say. simon, for now, thank you. interesting that david davis covered a long and turbulent process , covered a long and turbulent process, i think that is the truth. simon, thank you. let's take a look at some of the other stories making the news... the latest figures out of germany show that europe's largest economy expanded by 0.6% in the second quarter of the year. economists were expecting a stronger rate of growth, but the strong euro contributed to a weakness in exports. bill gates has donated 5 percent of his fortune to an — as yet — unnamed cause. the billionaire and microsoft co—founder donated 64 million shares valued at $4.6 billion — that's according to a filing at the securities & exchang

know the nature of that ongoing relationship remains incredibly complex and things like the european court of justice and the important. power is. just going to intervene there are things that's been great to have you both. social justice company george barda and adrian gallant leader of the single justice political company thanks guys. and that is all for this hour see you in thirty minutes. you can see the border from the. steel. was always. like this so this is this is all. i have every right to be here i have a right to call collect my. yes part of my family on both sides of the border. play started an organization called the arizona border recall we are a standalone entity. that is doing. with these to be done in the five years it's getting worse the while it's is escalating because it's millions of. bridges really good are great when somebody calls you know basically they believe you to their ranch is there are areas and you don't believe those are federal go that is taking responsibility for their security which you would for anywhere else. hello and welcome to cross talk where all things are

al which is a data protection agency and frowns are headed to the european court of justice which is the highest court in the e.u. to fight over whether the right to be law should be applied to searches globally so in this case if you live in france and you get something taken off the internet somebody else in france won't be able to use google's french domain to search that information but somebody that doesn't live in france can use google strongly in their country to find that information so this data agency wants to eliminate that google wants to keep it around and for this data agency find google one hundred thousand euros so that's a kind of start of this fight and now they're headed to the highest court to determine you know what's going to happen next and we should know within about a year ok well we'll be looking for it because we don't have the sheeny thank you so much. when you think of summer camp that usually implies going out in the woods hiking trails eating smores by the campfire but hey it's twenty seventeen and in southern california that concept of summer camp has

al which is a data protection agency and frowns are headed to the european court of justice which is the highest court in the e.u. to fight over whether the e.u. is right to be forgotten law should be applied to searches globally so in this case if you live in france and you get something taken off the internet somebody else in france won't be able to use google's french domain to search that information but somebody that doesn't live in france can use google's domain in their country to find that information so this data agency wants to eliminate that google wants to keep it around and for this data agency find one hundred thousand euro. so that's what kind of started this fight and now they're headed to the highest court to determine you know what's going to happen next and we should know within about a year ok well we'll be looking for it because we don't have the sheeny thank you so much. when you think of summer camp that usually implies going out in the woods hiking trails eating smores by the campfire but hey it's twenty seventeen and in southern california that concept of sum

with citizens‘ rights, the eu insist that the european court of justice should be the guarantor of thetizens living in the uk after brexit. the british government say no way. a big sticking point there. on the issue of the northern ireland border are the republic of ireland, which the uk published a paper on, that was dismissed as magical thinking last week by an eu official in private. 0n the financial settlement, the so—called brexit bill, what‘s going to happen this week is that the uk side is going to pick apart the eu‘s legal case for asking for a bill at all. in their words, legal case for asking for a bill at all. in theirwords, michel legal case for asking for a bill at all. in their words, michel barnier has massively overegged his demands for money. that‘s why both men today saying they want to get down to work, but not suggesting there‘s going to be any dramatic breakthroughs by the end of this third round of official brexit negotiations. thanks very much. the headlines on bbc news: the authorities in houston have warned that the severe flooding, that‘s forced thousands of p

issues laila nathoo was mentioning, like data protection, the irish border, cases at the european court of justicere coming too along with the paper today which is more discursive stuff about the future relationship with the eu after brexit. they are glad these papers are coming from the uk. however, michel barnier, the eu's chief negotiator, the man doing the brexit talks from the man doing the brexit talks from the eu's side, says, before you can talk about the future relationship, trade, customs, the uk has to make sufficient process on the issues the eu has identified as priorities. those are complicated things like the rights of eu citizens living in the rights of eu citizens living in the uk after brexit and uk citizens living elsewhere in europe, what do you do about the irish border? and also, the financial settlement, the so—called brexit bill. michel barnier is clear you cannot talk about the future until sufficient progress has been made on those issues. in terms of the broader thing about whether the government's commands today for the interim customs period and what happens after, the

i spoke to a judge who used to work here at the european court of justice, who welcome the paper fromrealistic about the fact that this place may continue to have some kind of indirect influence in british life, even after brexit. there is also evidence that the eu's chief negotiator, michel barnier, is willing to compromise. he has already offered the idea of a joint committee, made up of people from both sides, who would harm about disagreements arising from the brexit deal. reading the british paper today, that looks like something which could be palatable to the british government. so that is the case for optimism. the case for pessimism. there will be another round of talks in brussels next week, and top of the agenda will be this issue of eu citizens was no rights in the uk after departure, which the eu wants to guarantee via the european court ofjustice, but which the uk is totally opposed to. expectations of any breakthrough next week are very low, with one diplomat saying to me in private, it is going so slowly, we should expect further delays to be inevitable. and overhangin

to use the words you used, speaking in" part of relationships with the european court of justice. ls another retreat from the government on his previous rhetoric. are you changing your assessment that businesses are changing their assessments, your clients of what brexit will look like? are we looking at a softer variety of exit right now? what are you hearing and what are your thoughts? mark: it is obvious what is happening. the hardline does not work. it has to be negotiated settlement. there were hartline's drawn at the beginning. maybe rightly -- hard lines drawn at the beginning, maybe rightly or wrongly, they have to be solved, we do not have enough date marche dropdead of 2019, the rules of procedures . we probably have to have a and we wouldriod welcome that, it would give us time to adjust. the critical issue for us is 16%, 70% of the 15,000 people or so that work for us in the u.k. are from the eu. it is critically important to have diverse talent and france, germany, italy, spain, are our biggest top 10 markets and we do not want to lose influence in those markets. we ha

her government is now willing to accept a close cooperative relationship with the european court of justice. a new position paper today says the u.k. is open to abiding by past ecj rulings and even referring decisions to it. in hong kong, the stock exchange canceled trading in the city and it issued a highest level storm warning for the first time in five years. a severe typhoon lashed tycoon -- hong kong with wind and rains and airlines canceled 450 flight. global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. vonnie: coming up, wins of the regulation this week but a pop gold mine for large u.s. banks. we will have the details. this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets, i am vonnie quinn. president trump metlife promises about deregulation on the campaign trail and that is been welcome this for banks. it has nots says gone started for wall street. it says that financial market deregulation under consideration as sixaise profits 20% of the largest u.s. banks and additional $27 billion o