the financial times is leading with the fallout of brexit on banks. it follows the most detailed assessment on the sector by consulting firm oliver wyman which estimates cost increases of 4% and a 30%jump in bank's capital needs. the guardian also reports that wholesale banking could lose 40,000 jobs. spotify has reached 60 million paying customers as the pioneer of music streaming prepares for public listing this year. this article in the companies and markets of the financial times saying spotify has added more than 20 million paid subscribers in the last year. beijing is the smartest city in china according to a report on the cashless society released on monday. the article in the china daily also highlights that 84 percent of respondents surveyed were comfortable going out with only a mobile phone and no cash. that's the future. with us is david buik, market strategist from gordon. good morning. the story that is dominating a lot of the papers, a lot of the websites, just as some of the papers were going to press. scaramucci, out the door. the pap

telling the financial times "i have come under enormous pressure both to resign and to remain in my current position. as a patriotic american, i am reluctant to leave my post because i feel a duty to fulfill my commitment on behalf of the american people." he told the financial times "this administration can and must do better inconsistently and unequivocally condemning these groups and do everything

the financial times is right, he is making his own life more difficult.e win is because all he has had its losses. tax reform was one of the big planks he campaigned for, it is also something which his businesses that he has not divorced himself from entirely stand to gain from quite a lot. his own children will probably gain hundreds of millions if not billions from suggested reforms of the inheritance tax that they have in the us, which is one of the things he wants to put forward and alex has referred to, he is having big arguments with paul ryan, the leader of the republicans in congress and also with the senate leader mitch o'connell and if he wants to get tax reform through the house, he needs their help to do it. if he is going to do this and try and push, one of these big cells he made to the american people through, he has to do it before he upsets them any more than he already has. time is of the essence. what is the argument against these? i take your point about raising revenues, not eve ryo ne point about raising revenues, not everyone agrees

controls everything and the majority that feels fundamentally taken advantage of you know the financial times has a piece about factors in today's paper maybe it was first published yesterday but the rise of collateralized loan obligation c.l.o. which are basically the new version of the collateralized debt obligations or c.d.o. that caused the two thousand and eight financial crisis they're bundles of junk wonts that end up getting rated as aaa what is it about our financial system that has lied us to make the same mistakes over and over again. it's basically what i just said if you if you give private banks who are major creators and dealers in collateralized debt obligations and collateralized loan obligations in the whole world that we call derivatives and so on if you allow them the political power that is the right to use their enormous concentrated wealth to buy and shape politics then you really can't be surprised if they either prevent something like the dodd frank bill from ever achieving what it was set out to do or if they can't prevent it from being passed then prevented from bei

the scale is more than four times pre—financial crisis levels.mes after an unprecedented level of stimulus measures over the past decade. india's 70th anniversary since independence is celebrated with a picture of the country's prime minister, narendra modi, on the front of the business standard. the article highlights modi's calls for a "new india" which is free of terrorism and corruption by 2022. in the gulf news, a border crossing closed for 27 years between iraq and saudi arabia is reopened. it's seen an a significant move after the neighbouring nations cut diplomatic ties following the iraqi invasion of kuwait in 1990. finally, from cloakroom girl to overnight singing sensation. in the daily express a large feature article on milly forrest — a 23—year—old student who stepped in at short notice at a world—famous concert hall in london after a singer had taken ill before a final recital. and guess what? she wowed the crowds. so let's begin. with us is james hughes, the chief market analyst at brokerage football firm, gkfx. good morning. most

headline: the article says the president fails to blame white supremacists. 0n the front of the financial times: the article claims there are calls for rigorous screening of foreign takeovers of european companies amid concerns at the surge of chinese investment into high—tech manufacturing, energy and infrastructure sectors. the times highlights a 50% rise in arrests of drunken airline passengers.

the article on the front of the financial times reflects that.we even talk about the lack of consistency externally in donald trump's message. what we are seeing is a conflict in strategy. steve bannon, the chief strategist for donald trump, to remind everyone, don't forget, we talk about his nuclear ambition, and we worried about that in the past ten days, the economic threat from china. in the meantime, of course, you have donald trump with conservatives and business leaders deserting him. he has given some support to steve bannon so that the financial times reports this morning on tuesday the president stood up for his adviser, saying, quote, he is not a racist, but adding, we will see what happens with steve bannon. i don't know if i want support. see what happens with steve bannon. i don't know if i want supportm was steve bannon talking to a left—leaning magazine. whether this is him feeling like he is on the back foot and had to come out fighting, or whether, actually, back foot and had to come out fighting, orwhether, actually, his feelin

the unbelievable story of —— front of the financial times. do you use plastic bags? sed. i have covered that will be discovered in 10 million years time. tenure is taking a stand. it is the world's toughest laws —— tenure. —— kenya. -- kenya. it very draconian. they talk about local market traders who use plastic bags to take to markets and sell them. what are they going to replace them with? the plastic bag is one of the key elements of transporting goods. and must admit, i was thinking when i was reading this, cost of these people behind bars who have been using these plastic bags, of the environmental cost, anyway, whatever. the guardian, many have pictures from the notting hill carnival. it is massive on bank holiday weekend. this year, so poignant. the cause of the grenfell tower. this year, so poignant. the cause of the gre nfell tower. they this year, so poignant. the cause of the grenfell tower. they had a minutes silence and other events to mark that. we saw yesterday people we re mark that. we saw yesterday people were referring to grenfell tower but fantast

that's what this is talking about in the financial times.s - getting on with the job. that is what business people do. they run companies, they need to take action. they are not prepared to wait for the political turmoil to play out. what's been happening over the last two or three quarters is ceos have been looking at costs, reducing their costs, interesting to bring about higher profits, and that's exactly what's been happening, the bottom line is going up and as a result the markets see that businesses are running pretty well, certainly in america on the back of a growing us country. concern about the sharemarket is doing so well, breaking records again and again, with many saying it sounds a little bit... it cannot be sustained. similarto bit... it cannot be sustained. similar to years ago, will we have another correction? others would save the fundamentals look ok. businesses are in better shape than ten years ago and business leaders today are doing things which are improving profitability very successfully. i don't think this is unsus

financial times on friday, quote, in the next three or four weeks the tax bill will be written in the ways and means committee and congress is going to own the writing of the legislation. that is the key. they are going to create the piece of legislation. so now it's just a waiting game

managing editor for the "financial times" is here.ood to have you with us >> great to be here. >> a lot to unpack in this interview. i'm curious to know what you consider to be the lead at this moment >> two keys. one key is obviously grabbing a lot of attention in the american political world is the fact that gary cohn has made it very clear that he disapproves of what the president said about the bill. he's wrestled with his conscience about staying in his person or not. but as a jewish person he doesn't want to be pushed out neo-nazis chanting jews shouldn't replay us. but we're interested as a "financial times" this new push on tax the fact that the white house has decided that tax is going to be the absolute top priority this autumn and going to try to appease their voters and republicans by executing their tax reform, they hope. >> can you talk a little bit about that part on charlottesville? was that conversation just natural? it feels a lot of these statements including when he said citizens standing up for equality and freedo

we start with the financial times.argely being attributed as net migration falls in the uk due to the brexit effect. yes. in many ways some would say this is the week in which the brexit chickens are coming home to roost. in this particular story, they are talking about the financial times, my old newspaper. there is a question about what is the status of eu workers. are they here permanently? will they get their rights observed? and because of that uncertainty, many have decided to leave. so you find that from 80 european countries, 59% have decided to leave and see us either go back home go to other countries. this has an effect. that's right, on business. because of course business is very concerned because the uk is very much a service economy. and therefore, those people who work in services, yet the restaurants and many other services, they can no longer get staff to be working in those businesses, so that's why employers are concerned. what this will benefit some other countries, because there was a concern at o

in the financial times admittedly. for people like myself! laughter. make it matter to us, tom. this week is an anniversary, this is what this story is about. few people will remember it, but there was a little—known remember it, but there was a little— known hedge fund remember it, but there was a little—known hedge fund run by a little—known hedge fund run by a little— known french bank, little—known hedge fund run by a little—known french bank, and about ten years ago this week it told its investors they couldn't take their money out, usually they shouldn't be allowed to do that. the reason was that some of the investments the hedge funds invested in, sub—prime investments, when not performing as well as the bank expected, so this is seen to be the beginning of the financial crisis to people like myself. we are so grateful for your information! it has real impacts for the public so absolutely. that is one of the most notable things for the average person reading this, the housing market is still affected by the financial crash, the financial sector is certainly affected, and

can we move on to financial times please do. it will come up over the coming weeks and months.es, the fbi warning wall street traders using encrypted apps for illicit messages. wall street traders using encrypted apps for illicit messageslj wall street traders using encrypted apps for illicit messages. i can't speak fully for new york, although i can speak for london. that is quite something. to worry about encrypted apps contributing to money laundering, i can't comment, i am sure it is right, in most of the deals, mobiles are not allowed for the simple reason that in every single deal in london, all telephone conversations, you know, they are controlled, they are taped. therefore if you say, i am sorry, get out of the room, you don't have 100% control, though you do have a certain control. if dealers in new york city don't have a ban on mobile phones in the trading area, they need to start now. insider trading, lam not need to start now. insider trading, i am not so sure. we have talked about this before and this programme about this before and this programme about encrypted

the financial times is leading with the fallout of brexit on banks. consulting firm oliver wyman which estimates cost increases of a% and a 30%jump in bank's capital needs. the guardian also reports that wholesale banking could lose a0,000 jobs. spotify has reached 60 million paying customers as the pioneer of music streaming prepares for public listing this year. this article in the companies and markets of the financial times saying spotify has added more than 20 million paid subscribers in the last year. beijing is the smartest city in china according to a report on the cashless society released on monday. the article in the china daily also highlights that 8a percent of respondents surveyed were comfortable going out with only

let's go to the financial times, jim. ithink let's go to the financial times, jim.an interest in a subject like this. north — south divide of rail and road spending must end, is a business chiefs. project after project of northern transportation sidelined, and invested in, not getting enough money, it still cost a bomb to get from york to manchester and it takes an hourand a from york to manchester and it takes an hour and a half and yet you can get across london from about £8 relying on trains. disproportionate spending. having grown up in the north of england and now living in london the quality of transport here is so much better and more affordable and when you a small two carriage train rattling across between major cities in the north and there is one every hour whenever igoon and there is one every hour whenever i go on the reporting trip that there you realise how unfair it is. you are a north yorkshire lad. fitbit, you are from preston.|j disagree. we spoke about this earlier, smack larisa, you are from preston. you are always on time and you can get a seat

in the financial times admittedly. for people like myself! laughter. make it matter to us, tom.w people will remember it, but there was a little—known remember it, but there was a little— known hedge fund remember it, but there was a little—known hedge fund run by a little—known hedge fund run by a little— known french bank, little—known hedge fund run by a little—known french bank, and about ten years ago this week it told its investors they couldn't take their money out, usually they shouldn't be allowed to do that. the reason was that some of the investments the hedge funds invested in, sub—prime investments, when not performing as well as the bank expected, so this is seen to be the beginning of the financial crisis to people like myself. we are

the financial times says that the head of the european commission, jean claudejunker, is seeking for takeovers of eu companies, following fears of chinese dominance. the metro leads with charlottesville and highlights a picture of the alleged killer with a neo—nazi group at the rally. and the daily mail reports on an nhs battle to tackle early deaths caused by heart disease. we will begin with the metro and what has been happening in charlottesville. what has been happening in cha rlottesville. tru m p what has been happening in charlottesville. trump swamped by neo—nazi row. the lincoln to condemn the bigots specifically, the groups like the kkk. it isjust scary because it is almost deja vu. when trump was complaining people said this was going to happen because when he was questioned about the kkk and white supremacists he dodged that and almost said, who are they? but they still around ? that and almost said, who are they? but they still around? then what happened in charlottesville he said, it is terrible, bylines on all sides instead of coming straight out like the governor has

manager of "the financial times," gillian tett. [applause] gillian: well, good evening, everybody, and welcome to the event. i would like to echo ivo's welcome. ivo is a powerful, effective man. i didn't know he could control the weather gods. this is the third year we have had perfect weather. three out of three is a pretty good score. and it is great, because it really does show chicago as -- the fantastic city of chicago off to its great advantage. it provides perfect frame to talk about these incredibly serious issues. talking about cities now is very important. partly because of the great t-word. donald trump. cities are being asked to carry a lot of the burden of infrastructure. a lot of the burden of economic generation and growth. we live in an era where quite inadvertently, the administration has put cities and states at the heart of the climate change debate. we also live at a time when the question of immigration and the question of how different communities can or cannot live together is absolutely crucial. cities are o

it was hosted by the chicago council on global affairs and the financial times. this is an hour and a half. >> ladies and gentlemen, ivo daalder. >> [applause] >> good evening. welcome to chicago and the 2017 forum on global cities. i am the president of the chicago council on global affairs, and it's great to have all of you here. it is difficult to imagine a more timely moment for us to convene this particular forum. in the years since we last met, here in chicago -- indeed, just in the last few days, we have seen examples of something that is quite extraordinary. cities are important as players on the national stage, bypassing when necessary national governments to look to each other for solutions to global problems. in the last week alone, mayors and city leaders across this country affirmed their support for what had originally been an agreement among nations, the paris climate accord. yet climate change is not an outlier in city to city coordination. quite the opposite. it is happening on issues of inclusion, immigration, health, security. governance and hu

robin harding of the financial times in tokyo >>> we are continuing to follow the latest developments along the gulf coast here is what we know harvey is now a tropical storm with sustained wind of about 45 miles per hour flash flood warnings remain in effect throughout houston. some 300,000 people are without power in texas president trump is headed to the region today to survey the damage >> brian sullivan is live in galveston, texas brian, what's the latest >> reporter: from what i can confirm, it is still raining it has been raining for about three or four days it will continue to rain likely through tomorrow i want to add a little color here we are fine. we are in galveston. we have tried to get as far north as we can. most of the roads are blocked. you have seen some of the video about people being rescued out of cars. every single local that we have talked to has said, they have never seen anything like this. it sounds like hyperbole and like everybody says this all the time this is literally, by any measure, the 1,000 year storm, because it has a 1 in 1,000 chance of occurring

so the financial times are saying that memorie5 wrong.s are saying that memories are fading in effect and the pursuit for high returns, because it is very hard to earn money on anything the5e returns, because it is very hard to earn money on anything these days, i5 earn money on anything these days, is causing them to actually put their money into this. if you are feeling depressed about that, you can check on google how depressed you are. this has a serious side to it in you are. this has a serious side to itina you are. this has a serious side to it in a slightly lighter side. you are. this has a serious side to it in a slightly lighter sidelj you are. this has a serious side to it in a slightly lighter side. i was thinking, google are going to offer you this depression check if you start googling about depression. i begin to wonder if it might detect your moods, because computer5 detect everything about what you are putting in these days online and if it thinks you have been googling some very strange things, maybe he i5 some very stra

the front of the financial times... link another one. the front of the financial times. ..lanned! their suggestion is that she is yes, under pressure, but partly because of what labour are announcing. let's forget about silly season. it's all going to start when parliament comebacks together and brexit legislation starts to get negotiated. the importance of the last election was that the tories wanted a big majority to smooth the brexit they wanted to the comments. the problem is, they do not have a majority, which means on the one hand, labour ta ke which means on the one hand, labour take this position matters. it would not have done before. but it matters fiow. not have done before. but it matters now. equally important is the behaviour of tory rebels, who now feel if labour is taking this position and remaining in the single market, we can ally with them and perhaps through the comments we can affect a negotiation. and those tory rebels are those who are very much on the remain side. absolutely. just hours after this article dropped in the observer this morning, matthew

managing editor of "the financial times." are beginning a series looking at the financial crisis and the present state of the global economy. back in a moment. stay with us. ♪ charlie: the presidency of donald trump has led to a wealth of opportunity for political satirists in late-night television programs. "full frontal with samantha bee," has received critical and commercial success for the commentary on donald trump. the new yorker called samantha bee america's new comedian in chief. in the new yorker, one of the few comforts of trump in the white house is the fact that bee is there to hold him and the rest of us to account. this series is nominated for seven any awards -- emmy awards. they were also nominated for outstanding variety special. in last week's episode, samantha traveled to curtis dan where she found a surprising amount of support for donald trump. >> did you say donald trump is your best chance? one donald trump says to black people, what have you got to lose, that is true, no one else is going to do it? cha

managing editor of "the financial times." are beginning a series looking at the financial crisis and the present state of the global economy. back in a moment. stay with us. ♪ whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. charlie: the presidency of donald trump has led to a wealth of opportunity for political satirists in late-night television programs. "full frontal with samantha bee," has received critical and commercial success for the commentary on donald trump. the new yorker called samantha bee america's new comedian in chief. in the new yorker, one of the few comforts of trump in the white house is the fact that bee is there

cone telling the financial times the administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heel the deep divisions that exist in our communities. this after the president seemed to equate white supremacists and neo-nazis with counterprotestors. >> very fine people on both sides. >> a source close to cohn tell us nbc news he even drafted a letter of resignation, but never submitted it. cohn describing his distress over the matter but says he ultimately decided i will not allow neo-nazis ranting jews will not replace us to cause this jew to leave his job. the white house trying to lower the temperature. >> gary has not held back how he feels about the situation. he's been very open and honest and so i don't think that anyone was surprised by the comments. >> the president alternatives expanding his roster of targets today in his own party, taking aim at long-time ally senator bob corker for his post charlottesville criticism. >> the president has not yet been able to demonstrate the stability, nor some of the competence that

our guest has first time experience of ai and implementation into financial services, harry gas kel, chief innovation officer your reaction to what elon musk had to say sounds like he is predicting the end of humanity because of robots. >> he is, but he is worried long term, north korea is more of a short term threat. the irony is that he runs a big ai company. >> very true. >> runs tesla, ai on wheels. i think he is warning us, he wants to be sure we take the right steps in time, not that he thinks that will really happen. >> how beneficial will ai be for the workplace, for productivity. is it as much game changer when it comes to comparing to the computer, impact of the internet how big will it be >> about as big as the internet. we'll see that unfolding the next four or five years. beginning to automate. every time you talk to siri or alexa, you talk to ai. you will see it through business and society the next 10, 20 years, biggest new technologies we see coming out. >> the biggest and maybe most disruptive when it comes to jobs we had this discussion so many times. how many jobs

he told the financial times "this administration can and must do better inconsistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist within our communities." fox news is told that prior to a meeting with the president on friday, he actually drafted a letter of resignation. we don't know if that was ever tender to the president but it's clear the president is not talking about him resigning and he said he is going to stay on. also indicating that the president next week is planning on launching into tax reform, he's got an event tentatively scheduled for springfield, missouri, on wednesday but depending on the impact of the storm, i imagine that could probably change. >> heather: september is going to be a lot of work on capitol hill, that was before harvey hit. thank you so much. >> jon: the white house is downplaying president trump's flurry of attacks against republican lawmakers, insisting the party is united and focused on the path forward. >> i think the relationships are fine, certainly there will be some policy differences

he's interviewed by rana foroohar, financial times associate editor. >> host: so thanks so much for being here, george. it's a pleasure to be discussing

is that fair comment from the financial times?government has put forward is ideas, this is something it will need to get the 27 other countries to agree to. it does show that some a cce pta nce to. it does show that some acceptance that while the jurisdiction of the european court ofjustice is going to end, there is broad acceptance here that the influence of the european court of justice is going to continue and the question is, how much influence, how much will it continue to influence us much will it continue to influence us going forward? you might see some divisions there between brexiteers and those in the leave campus to some people accused the prime minister of back sliding, climbing down on one of her red lines on brexit but really what is one of the hurdles is the rights of eu citizens in the uk and that is because the european commission argues that it once the european court ofjustice to be able to rule on this issue whereas the uk wants british courts to be able to rule on the rights of eu citizens. that'll be one of

in the financial times, the central article is on the leading central banks which now own a fifth of ion in assets. the scale is more than four times pre—financial crisis levels. it comes after an unprecedented level of stimulus measures over the past decade. india's 70th anniversary since independence is celebrated with a picture of the country's prime minister, narendra modi, on the front of the business standard. the article highlights modi's calls for a "new india" which is free of terrorism and corruption by 2022. in the gulf news, a border crossing closed for 27 years between iraq and saudi arabia is reopened. it's seen an a significant move after the neighbouring nations cut

reporter: good morning to you dagen first start with gary cohn that interview to "financial times" heministration's reaction direct quote he gave to the times about his feelings as american jew and response from president trump he said quote, citizens standing up for quality and freedom to never be -- equated with white supremacists neo-nazis kkk i believe this administration can and should be better to consistently unequivocal these groups to heal deep divisions in communities talked about pressure he felt to resign from position of na-- to remain as patriotic american talked about big issue everyone is taking about tax reform and that next week president trump hitting campaign trail you might say to sell tax reform, the details will come from the house ways means committee writing legislation we know from previous speeches from administration officials on table what we as americans can expect is a push to remove the deductions for state and local taxes, that is one way they would pay for the massive tax cuts preparing as well as preserving charitable deductions and mortgage interest

financial times reports the us central bank criticising attempts to weaken bank regulation.e over payments allegedly made to the player after he made a brilliant complaint. —— after she made a billion complaint. daniel craig remain as james bond after saying he would quit the role. i think he said he would rather slit his wrists and play the role again. the brexit back door. nigel farage is putting his fingers of alarmism on this and that is a shame because the good people of the island of ireland deserve better than that. this is an enormous opportunity, you don't want borders are about offences watchtowers, and there is a lovely photograph on the front of the metro showing where the border is. cars pass freely. guns change that. put on immigration border on the airports and ports in northern ireland and then turn it into hong kong, a fabulous place where young people can think, if i get a skilled asa people can think, if i get a skilled as a future for me and business, let business do what it does with his creates jobs, generate createsjobs, generate profits and pay tax. i

but it does change, i have seen that headline, but also this headline from the financial times sayingt get warned about it until quite late in the day. more importantly, thatis late in the day. more importantly, that is tricky, but for market it is ha rd to that is tricky, but for market it is hard to price this, the refinery versus produce a fact, as well as the lack of warning. it highlights the lack of warning. it highlights the changing influence that groups like 0pec have, but sometimes it is far? events. yes, far beyond their control, and when you think how important oil prices are, affecting inflation and emerging markets, a lot ca n inflation and emerging markets, a lot can be paid off a global move like this. that's it from business live today. there will be more business news throughout the day on the bbc live web page and on world business report. from us, have a wonderful weekend, we'll see you again soon, bye—bye. we have a lot of fine weather to look forward to as we head into the bank holiday weekend, don't expect wall—to—wall sunshine, there will be quite a lot of clou

failing is that it is very new because he read the financial times just an hour ago is and is it being downplayed is there concern that this could start basically a bank run or you know. the collapse. well i read about it in a in a an important british newspaper called the telegraph but you're going to find you can really find reports of it but it's only a few hours old and my guess is it's not getting the attention here because like the beginnings of the crash of two thousand and eight when by the way another bank one in germany and one in britain also failed suddenly to everyone's surprise you know this is a little bit like the famous canary in the coal mine letting us know that the air in this case the financial air is very very bad and that a very dangerous point but we have america i have to say this honestly we are specialists in denial we don't want to see it we don't want to face it we don't want to see what's going on because of the scary implications but like a little child has to learn if you put your fingers in front of your eye when you see something scary it doesn't make

. —— let's go onto the financial times. brexit. watchdog warns of risks to stability from cliff edge brexit. we need to take this seriously. the deputy governor of the bank of england is warning that a cliff edge brexit basically, a very quick removal of uk finance and business interest from the eu would end up with the most dire financial consequences for the uk. the bank of england has done an audit and says that companies are making contingency plans and they are seeing that if you do have this very sudden removal from the eu, it will present all kinds of difficulties. we hear this a lot. i hear this from people i speak to in banking. this isa people i speak to in banking. this is a real warning which is being taken is a real warning which is being ta ken seriously. people is a real warning which is being taken seriously. people there some are asked spending their days at work trying to —— people face some are spending their days at work trying to work on contingency plans. they would say they need time, we needed transition, you

given his interview to the "financial times" allowed him to talk about what the administration wantsfrom a tax reform proposal, which is about to hit, obviously, and they of been working very hard on this. on the other hand, he knew he was probably going the get a question about charlottesville. i think he answered it as best he could. i obviously called on him to resign. i think this puts him in a very tough position, especially if he didn't clear it with the white house. i think, stephanie, this may be the signal that gary cohn knows he will not be fed chairman, that janet yellin will be reappointed and it's not going to gary and so he's willing to take a risk about speaking out on this issue. >> really? hold on a second. if isn't gary speaking out against white supremacists and neo-nazis but sort of biding his time to get the fed chair seat, he's just sitting there working on tax reform? tax reform won't get done. >> he obviously believes it will get done. the question is why is he sticking around to lower taxes on people who are already very wealthy. maybe he's going to do someth

on the paul manafort part of the russia investigation there's also news from the financial times that mysterious russian fixer who turned up at that trump tower meeting last june, that has such an intriguing background in hacking attacks where documents are stolen from people's computer servers and then used for good political reasons, he apparently has been called before robert mueller's grand jury to give several hours worth of testimony. that happened on august 11th. we're just learning about it today from ft. so lots going on. but there's something else that i want to stick a flag in regarding the money part of this, the banks. the bank that was purportedly going to finance trump tower moscow is vtb, 60.9% owned by and fully controlled by vladimir putin. by the russian government. that alone is a stark detail of the trump tower-moscow story we broke this week. while trump was running this strange republican presidential campaign praising putin all the time, we now know he was simultaneously pursuing a giant business deal, not just with generic russian interests, but with putin spe

and he in the "financial times" also says this.a jewish-american, i will not allow neo-nazis ranting "jus will not replace us" to cause this jew to replace his job. i feel deeply for all those targeted. we must unite together against them. brett stevens said, as i said a moment ago, basically asking the president to fire him. but for him to come out now and to condemn the president in this way, essentially condemn him, why today? why not last week? >> well, i think certainly there were reports earlier this week, and there were going to be more reports today, that he must have been aware of about just how close he came to resigning, katy. and i think he wanted to make clear that passage you just read i thought was one of the most affecting things in the interview, where he is saying, you know, this is why i chose to stay. and i got pressure both to stay and to leave. and, you know, he is acknowledging that that pressure was real, and that that pressure had a genuine effect on him. because it would be uncomfortable for him and diffic

opening up for the first time about the president's response to charlottesville, telling the "financial times" he was under pressure to leave his job but ultimately decided to stay. tonight, the president's top economic adviser, gary cohn, a jewish american, breaking with the president over his charlottesville response. cohn telling "the financial times," the administration can and must do better in consistently and unequivocally condemning these groups and doing everything we can to heal the deep divisions that exist in our communities. this after the president seemed to equate white supremacists and neo-nazis with counterprotesters. >> very fine people on close to cohn tells nbc news he even drafted a letter of resignation but never submitted it. cohn describing his distress over the matter, but says he ultimately decided, i will not allow neo-nazis ranting, jews will not replace us, to cause this jew to leave his job. the white house trying to lower the temperature. >> gary's not held back how he feels about the situation. he's been very open and honest. so i don't think that anyone was su

that echoes what we heard from gary cohn in the financial times. the debt ceiling will be raised and said amber, there is no situation where the government will not be going their bills and we heard from h.r. mcmaster talking about the impact and what they are trying to achieve with additional sanctions on venezuela, music -- restricting the access to new equity and debt. you can watch the full event on tv . context on these issues. we have to assume the treasury secretary will reiterate we will pay a hills and everyone else is concerned. >> you're starting to see this in some of the market reaction as they begin, beginning the plan for september. washington,out of d.c.. and seeking to ease him of the market concerns saying that the u.s. will make good on its debt obligations. what you have seen in the debt dealing right is the ruling party in power gets the blame for the issue of the partial government shutdown or or the u.s. to default on its debt. the president according to public remarks and the speech seemingly is suggesting he feels democ

it was hosted by the chicago council on foreign affairs and the financial times. this is and how her and a half. gentlemen, chicago -- thecago and 2017 form on global cities. difficult to imagine a more timely moment for us to convene this particular forum. met,e years since we last we have seen examples of something that is extremely an extraordinary. cities are important as players on the national stage, bypassing cities look to each other. mayors and city leaders across this country affirmed their support for what had been an nations, theng paris climate accord. climate change is not an outlier in city to city coordination. it is happening on issues of inclusion, immigration, health, security. extraordinary is perhaps the wrong word to describe this trend. direct city to city coordinations emerging and wonderfullycoming ordinary. why? urbanization is the most consequential force shaping our political order in this century. it is the most dynamic force. 500 cities around the world have a population of more than one million people. that statistic it does not capt

to the financial times, brussels looking to tighten up times, brussels looking to tighten up the vettingkeovers of european companies. it's all very well and i can understand why they may want to do this but if it's the world's second largest economy you can't really say no to their money, can't really say no to their money, can you? there's been this ongoing challenge with the eu and interesting with the eu trying to re— exert itself as a force on the geopolitical world. after all the challenges it has with its own navelgazing and then in the uk there's brexit and the challenges within the eu. what the eu should do is look at how europe plays a part with those global markets, with the us and the far east, india, china. there's been a number of concerns about chinese companies and also their close involvement with the state in china and how that reflects with their strategies and their drivers as they expand overseas. there's the balance between protectionism and the free market andi protectionism and the free market and i think that's the line the eu has to walk. it still has pushed bac

headline: the article says the president fails to blame white supremacists. 0n the front of the financial timesare calls for rigorous screening of foreign takeovers of european companies amid concerns at the surge of chinese investment into high—tech manufacturing, energy and infrastructure sectors. the times highlights a 50% rise in arrests of drunken airline passengers. an investigation also found cabin crew described being groped, abused and physically assaulted by inebriated passengers. chile's energy transformation is the headline for the international edition of the new york times, with a look at south america's first geothermal energy plant. according to the article, chilean officials believe they're on track to rely on clean sources for 90% of the country's electricity by 2050. 0n the front of the straits times: the 30—year—old jamaican tumbling after pulling a hamstring in his final race. the paper claims some sprinters blame event organisers at the world championships in london after athletes were forced to wait in a cold, air—conditioned room for nearly 40 minutes before

are diametrically opposed to stop a very swift change from when they met in murray lago in the financial timesays google is hit by gender storm after a memo on differences. i thought it was a storm in in a teacup. exactly my feeling. they have an image of a very progressive employer in the way they run their offices. i wonder if whether this is a reflection that we cannot talk about uncomfortable thing. that it is a shame in culture. you talk about diversity it isa culture. you talk about diversity it is a fashionable but if you cannot talk about the nitty—gritty. the language he uses, although a bit stereotypical, is actually very moderate. did he say women are needed to be in artisticjobs which is incredibly stereotypical. needed to be in artisticjobs which is incredibly stereotypicalm needed to be in artisticjobs which is incredibly stereotypical. it is but if you cannot talk about this, we have a problem in my mind. we do not know who he is. it was a paper posted within the internal communication systems of google. posted within the internal communication systems of googlem talks about whe