earlier i spoke to fidelity international's catherine young in hong kong about how she viewed from unique promise to finally provide true market access to foreign investors we have heard that before but or year we're sort of going from this as you mentioned tit for tat dialogue so the situation still remains very very fluid but we still are under the belief that it won't be the worst case scenario which is the end result in fact we will see a resolution of some kind probably sooner than the markets actually pricing in. this rather conciliatory tone coming from where we've seen china caving in. i don't think china's caving in at all in fact there was some speculation they were selling u.s. treasuries which could be you could read this is one way of them retaliates ing again the worst case scenario no good for global consumers and i don't think either side really wants to reach that point so it's probably going to be further negotiations a resolution of the mention of it earlier it's probably going to be at the end of the day determined by president xi jinping and president trump. because o

joining us now is tom stevenson, who's the investment director at fidelity international.course on the agenda. huge pressure on theresa may. how are the markets reacting and what do the people in the city think? what factors a re people in the city think? what factors are they watching? the thing is that the markets have had plenty of time to get used to the idea of a lot of uncertainty and i think everybody expected that, in this final push up to october, november, that things would get more tense and there would be conflicting headlines and ups and downs. i think the market is relatively relaxed about that. and also it looks at other things, what is going on with the uk economy, there were some retail sales figures that were a bit better than expected. in a more global sense, we have heard what is happening in markets around the world. the us is absolutely on fire at the moment which is driving markets higher and the us is the most important stock market in the world of course. and one further point about the uk, it is a very international market with lots of exporters a

spoke to fidelity international's question young in home call medallists how she viewed premier league promise to finally provide true market access to foreign investors well we have heard that before but or year we're sort of going from this as you mentioned kit for tat dialogue so the situation still remains very very fluid but we still are under the belief that it won't be the worst case scenario which is the end result in fact we will see a resolution of some kind probably sooner than the markets actually pricing in. this rather conciliatory tone is coming from the kids young they're seeing china caving in i don't think china's caving in at all in fact there was some speculation they were selling u.s. treasuries which could be you could read that this is one way of them retaliates ing again the worst case scenario is no good for global consumers and i don't think either side really wants to reach that point so it's probably going to be for the negotiations a resolution of i mentioned a bit earlier it's probably going to be actually end of the day determined by president xi jinping

joining us is maike currie, who's the investment director at fidelity international.ocus on the jobless numbers and wage growth, even though unemployment in the uk is at a record low, the lowest since 1975, wage growth isn't picking up. back injanuary wage growth isn't picking up. back in january wage growth stood wage growth isn't picking up. back injanuary wage growth stood out wage growth isn't picking up. back in january wage growth stood out to find a present, injune to .4%, that's the big headache for economists, why isn't there a pick—up in wages even know what people are in work. as i touched on that, it will figure in the discussions on thursday and the rate—setting committee meets. were not expecting a move in rates because they raise them in august to three quarters of a present. any interest rate increase would have to be addressed. we saw discussions about an increase because there were better than expected results resulting from the world cup and there are things going on in the global economy, emerging markets, those are the type of things the bank of e

and are bringing in richards out of london to straighten out fidelity international. management division for sale? no, we are listing it and de-merging it. with your new ceo, are you going to have a shift in the passive-active management mix? no, active management is an active manager. s. does not do passive francine: do you expect more consolidation and what will the asset management need? change, i am sure this there will be some form of consolidation. once it is listed independently, it will look at opportunities that suit its strategy. been anally, it has organic story. francine: what worries you about the de-merger? is there one thing you will keep in mind to make sure it is as smooth as possible? stephen: we have a group to run. and to make sure our people are motivated and are focusing on clients. why i will stay in a role in the group to assist. it is a more technical process. all the regulatory approvals, compliance approvals. it is a technical process. it is not dependent on market conditions. we are not raising capital. francine: thank you so much. he is th

we will talk to the director at fidelity international.ave a hiatus in april to work out what is happening. last week we heard to raise make talking to car manufacturers about creating an industry which britain leads on things like technology to reduce emissions. they've responded saying, they are worried about brexit, come polling is, how much of british components versus global components are allowed to be used in the manufacturing of cars. that flow of components across borders. a lot of components across borders. a lot of question marks up for an industry that employs a lot of people. you say download! dimer is the german company. it does not make german ca rs company. it does not make german cars “— company. it does not make german cars —— daimler cars. they are now made byjaguar. we all know about unexpected guest at weddings but one newlywed couple from the isle of wight was in for a bill surprise when the prime minister turned up. theresa may arrived on a motor cruiser while the couple was being photographed for their big day. mrs

tom stevenson is investment director at fidelity international, i want to talk to you first about thertainty around brexit. we had just than about michel barnier and his comments and also comments from boris johnson michel barnier and his comments and also comments from borisjohnson in his newspaper column this morning. so on both brexit and manufacturing, really bad news for the pound. let's talk about water companies. i looked at severn trent's share price earlier, i'm not sure what it is doing now but it was down on the day. water companies have published their business plans for the year twe nty20 to their business plans for the year twenty20 to 2025 to the regulator, ofwat, and a few of them have plans to cut prices but the market is not liking the plans. an all of the water companies have been ordered to put in their business plans for the five—year period twenty20 to 2025, and all of them very sensibly are focusing on improving the infrastructure, on improving life for customers, and paying for that by reducing the distributions to shareholders. i say sensibly, because ofwat, t

exploits rivalries to its own gain he courted various international leaders from poland to iran and was the last head of state to see cuba's fidel castro before his death but vietnam's maritime disputes with china in the south china sea and its long term concerns over its northern neighbors territorial ambition has seen its edge a little closer to the united states one time billions of dollars worth of deals with the us president donald trump and pursued a trade pact after the us pulled out of the transpacific partnership once enemies on the battlefield won and u.s. defense secretary james mattis discussed the prospects of military corp in march as a sign of his growing relationship and maybe carrier with five thousand soldiers and pilots on board anchored near the port city of the land this was the first time that had happened since the end of the vietnam war in one nine hundred seventy five and the historic visit carried a message to another superpower now that was a very significant decision. and very astute because the. heart of the united states navy and so was about to clues into sauce china sea as a show of defaults again

and exploits rivalries to its own gain he quoted various international leaders from poland to iran and was the last head of state to see cuba's fidel castro before his death but vietnam's maritime disputes with china in the south china sea and its long term concerns over its northern neighbors territorial ambition has seen its edge a little closer to the united states one sign billions of dollars worth of deals with the us president donald trump and pursued a trade pact after the us pulled out of the transpacific partnership once enemies on the battlefield and the u.s. defense secretary james mattis to discuss the prospect of military cooperation between the two countries in march as a sign of this growing relationship a navy aircraft carrier with five thousand soldiers and pilots on board anchored near the port city of the land this was the first time that had happened since the end of the vietnam war in one nine hundred seventy five and the historic visit carried a message to another superpower despite the fact that vietnam is one of as many as five or six country. within the association of southeast asian nations that has territ

fidelity simulators and other technologies that can be leveraged to impact the pilot training pipeline. general marion miller is commander of air mobility command. she is responsible for more than 133,000 active duty international guard and air force reserve members and dod civilians. prior to serving as amc commander, general miller was chief of the air force reserve headquarters and commander air force reserve command. she is a command pilot with over 4,300 hours in numerous aircraft . captain jim graham is the vice president of flying operations and chief pilot at delta airlines. captain graham is responsible for the overall conduct of delta's worldwide daily flight operations, which include overseeing over 14,000 pilots,el 1176 aircraft and the aircraft of delta's subsidiaries on over 5400 daily flight. he was a naval aviateor prior to delta. our final panelist is general mike holmes. the command operates more than 1,100 aircraft, 36 wings, 12 bases at more than 315 operating locations worldwide with 158,000 total force military and civilian personnel. general holmes is command pilot with over 4,000 hours. 530 combat hours in the f-15 a, d and e.andy -- general rice, if you'd like to start us off with your

international tv network telesur. translation: the approach of recognising marriage between to make people without limitations will help eliminate all types of discrimination in society. this would have been unthinkable during fidelafter the revolution in 1959. now the cuban constitution is being updated in various ways and the new president wants same sex marriage rights enshrined in it. this is in part thanks to this woman, mariela castro. she's the former president ra l castro's daughter and has been a champion of gay rights. bbc mundo's liliet heredero is in miami. first of all, is this definitely going to happen, if the president wa nts going to happen, if the president wants it to? i think it will. i mean, this didn't come as a surprise. cuba is in the process of changing the trinkets—mac its constitution. it is now in a process of popular discussions throughout the island and it will be voted on a referendum next year but it is pretty clearly i would say pretty definitely likely to happen, if voted in this referendum. using the text of this constitution that is being discussed and we know the concept of how it sees marriage will change. it previously said a marriage would be union between a man and woman a

providing high fidelity simulators and other techs nolgs that can be leveraged to impact the pilot training pipeline. general marion miller is responsible for more than 133,000 active duty international guard and air force reserve members and dod civilians. prior to serving as amc commander she was chief of the air force reserve headquarters and air force reserve command. she is a command pilot with over 4,300 hours in numerous aircr t aircraft. captain jim graham is the vice president of flying operations and chief pilot at delta airlines. captain graham is responsible for the overall conduct of delta's daily flight operations which includes overseeing over 14,000 pilots,el 76 aircraft and the aircraft of delta's subsidiaries on over 5400 daily flight. he was a naval aviator prior to delta. our final panelist is general mike holmes. the command operates more than 1,100 aircraft, 36 wings, 12 bases at more than 315 operating locations worldwide with 158,000 total force military and civilian personnel. general holmes is command pilot with over 4,000 hours. general rice, if you'd like to start us off with your opening comments. >> okay. thank you, junior. thank you for that introductio