philip hammond believes theresa may see brexit through. >> as far as imo, she doesn't have any intention of leaving until that deal is done. taylor: auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. "bloomberg best this is -- this is "bloomberg best," your weekly review of bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting monday with goldman sachs and citigroup. ♪ vonnie:tigroup -- citigroup and goldman sachs reporting earnings this morning. goldman.rt with its revenue structure has been quite static, and if you got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: goldman had a really strong rebound in the first quarter of 2018. if you look at this quarter, pretty much across the banks we are seeing decline. we did see at goldman a better

chancellor hammond: it is about the government's position, and we are prepared to talk about it.r theresa will go. is it better for her to stay beyond -- theresa may will go. is it better for her to stay beyond the extension? chancellor hammond: the prime minister has said she will leave once she has done the deal and taken us out of the european union. as far as i know, she doesn't have any intention of leaving until that deal is done, so she is a person with a strong sense of duty. she feels that she has a duty and obligation to the british people to deliver brexit. she would certainly want to make good on that. ♪ taylor: the shanghai auto show brought together leaders from auto companies around the world, and they had much to discuss. there's the recent sales fall off in the world's largest car market, as well as signs that china's electric vehicle industry is approaching a bubble. bloomberg's tom mackenzie spoke with several executives about their outlook and concerns, starting with volkswagen's ceo. ♪ guest: we are very strong in china. we have great access to markets here.

philip hammond not mincing his words. you think the elections will be pointless.desperate not to take part in those european elections which are supposed to be in around six weeks' time. it argues that if it can get a brexit deal through by the 23rd of may, it could pull those elections up may, it could pull those elections up until the day before they are due to ta ke up until the day before they are due to take place. the reason they are desperate, they think taking part would be an insult to people who voted leeds back in 2016. earlier the chancellor explained more. clearly no one wants to fight the european parliament elections. it feels like a pointless exercise. and the only way we can avoid that is by getting a deal agreed and done quickly. if we can do that by may the 22nd, then we can avoid fighting european parliamentary elections. but in any case we want to ensure that any british meps that are elected never have to take their seats in the european parliament by ensuring this is all done well before the new european parliament convenes. this place is qu

back home, a row is raging, yes, hammond. back home, a row is raging, yes , over hammond.over a chinese telecoms firm but also over who did it, who, after a meeting of the national security council, where those there have signed the official secrets act, disclosed what happened? to my knowledge, there has never been a lea k knowledge, there has never been a leak from the national security council meeting before. therefore, i think it is very important that we get to the bottom of what happened here. it is not about the substance of what was apparently leaked. it is not earth—shattering information. but it is important that we protect the principal that nothing that goes on in national security council meetings must ever be repeated outside the room. the daily telegraph reported that five cabinet ministers disagreed with the prime minister's assessment that a limited role for huawei in the uk's sg roll—out, the next generation of souped up mobile internet coverage, was a good idea. some argue that it would be a security risk. all five have since denied leaking the informati

chancellor philip hammond says he upsa chancellor philip hammond says he ups a brexit deal will be agreed part in european elections next month. former ukip leader nigel farage forms a new brexit party.

nigel farage launches his new brexit party, while the chancellor, philip hammond, says the uk's involvementeels like a waste of time. what we will attempt to achieve is a democratic revolution in british politics, because that is what we need. clearly nobody wants to fight the european parliament elections. it feels like a pointless exercise. both labour and the conservatives are still working to find a brexit deal before the elections on may 23rd. also tonight... swedish prosecutors consider whether to reopen a rape inquiry against the wikileaks founder, julian assange. police and protestors clash in algeria, as of thousands take take to the streets, calling for a new generation, of political leaders. the scandal of thousands of children, forced to attend educational centres that aren't legally schools. and england's ian poulter chases down the leaders at the masters in augusta, just two shots behind. and coming up on sportsday on bbc news — newcastle united look to ease their relegation fears, taking the lead against leicester city in the premier league. good evening. the chancellor, phil

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. clearly nobody wants to fight the european parliament elections, it feels like a pointless exercise. the only way we can avoid that is by getting a deal agreed and done quickly. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling". jesse starts as an ex—convict pursuing her dream of becoming a country music star in wild rose. you came here what james country music star in wild rose. you came here whatjames king that of fat and the rest of this week's releases in the film review. —— that. good evening. prosecutors in sweden say they're considering whether to reopen an investigation, into allegations of rape against the founder of wikileaks, julian assange. he was arrested yesterday, following ecuador‘s decisio

it's something you don't expect to hearfrom philip hammond.because on a personal level, he is very human and quite likeable, i think. level, he is very human and quite likeable, ithink. he is level, he is very human and quite likeable, i think. he is more than he is sometimes painted in the press. this is pretty tough language andi press. this is pretty tough language and i suspect he is trying to say that these people aren't really adults. he is. hopefully we get a contest that involves people who perhaps behave in a better way than they did in 2016. henry, let's use that as a segue to get into the times piece. leadership rivals urging the pm to stay on for months? there is a little bit more to this than meets the eye. a leadership contest is a matter of when, not if. this is a hard deadline on december which is when tory mps can launch a no—confidence motion formally under the rules. there will be a leadership contest between now and december at the question is when. this seems to say the people that are not dominic raab and boris johnson, i

the chancellor, philip hammond, says the uk taking part in the upcoming european parliament elections, feels like a "pointless exercise" and hopes that a brexit deal can be agreed to stop the uk from having to take part. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling." and at 11:30 we'll be taking an in—depth look at the papers with our reviewers joe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president of the foreign press association and uk correspondent for france 24. stay with us for that. good evening. prosecutors in sweden say they're considering whether to reopen an investigation, into allegations of rape against the founder of wikileaks, julian assange. he was arrested yesterday, following ecuador‘s decision to revoke his asylum at its embassy in london, after nearly seven years. the us wants him extradited to fac

philip hammond said it's a much widerfield field. philip hammond said it's a much widerfield and he's right about that. people like boris johnson, jeremy hunt, dominic raab. outsiders like james cleve rley. johnson, jeremy hunt, dominic raab. outsiders like james cleverley. if it goes to the tory electorate? i don't know, there is a big moderate rump of one nation tories and a lot of them are not exited —— exit supporters. and keeping labour together is extremely difficult. supporters. and keeping labour together is extremely difficultlj think together is extremely difficult.” think it's easier to keep labour together. over this particular issue because jeremy corbyn together. over this particular issue becausejeremy corbyn is effectively budging the second referendum question. i think is mps know that he is. is there going to be something apartment they can vote on it's not clear that it would. if enough toys become dissatisfied but the main problem for the people who wa nt to the main problem for the people who want to second refer

philip hammond seem to suggest talks we re philip hammond seem to suggest talks were happening this weekendur say that no, there are not. we understand that sir keir starmer, the shadow brexit secretary has written to the government but in terms of that turning into talks of substance, doesn't appear to be the case. labour's key point is that out of this they want the government to give up on one of the key red lines over which theresa may has refused to cross since the brexit vote took place in the first place, that is she doesn't want a customs union with the european union, labour does. the customs union is a much closer economic relationship that crucially would prevent britain signing its own trade deals, and it is that intransigence that labour are pointing to is the problem here, as diane abbott, the home secretary —— shadow home secretary, complained a little earlier. the mess we are in is theresa may's mess. even tory mps accept that. the labour party has stepped up. we want to help. we are engaged in those talks in good faith. but the government has to perhaps show a little more f

chancellor philip hammond says he upsa chancellor philip hammond says he ups a brexit deal will be agreed in time to prevent the uk taking part in european elections next month. former ukip leader nigel farage forms a new brexit party. millions of stu d e nts forms a new brexit party. millions of students work in unregistered schools according to ofsted and it says the conditions and some of them are appalling. in a moment, it will be time for sportsday. but first, a look at what else is coming up this evening on bbc news. as possible candidates for the upcoming eu elections eye the votes of those feeling disenfranchised by the current state of british politics, we'll be speaking to the political scientist matthew goodwin — who recently co—authored a book called national populism. we'll be asking for his thoughts on what's next for brexit. that's at just after 7pm that's atjust after 7pm this evening. after bounty is find that we will talk of the applications for what this has around the country, including new mothers and children. we will be talking about that at about a quarter past 8pm

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. the former ukip leader nigel farage launches a new brexit party — and says it aims to change british politics for good. those are headlines. now on bbc news, a look ahead to sportsday at 6.30pm tonight. and coming up on bbc news, we'll have the latest from the masters at augusta — as both tiger woods and rory mcilroy hope to play their way into contention. there's rugby union news, too, as england's billy vunipola appears to support israel folau over his anti—lgbt social media posts. in a post of his own, the saracens forward called on people to "live their lives how god intended". well, on the field, there is a huge relegation clash between newcastle and leicester in the premiership later. they also meet in football's premier league. that's all on sportsday at 6.30pm. but now on bbc news, it's time for the film review. hello there and welcome to the film review on bbc news. taking us through this week's cinema releases is james king. so

the chancellor, philip hammond. back home, a row rages, yes, hammond.rages, yes, over a chinese telcom firm, but also who done it. who, after a meeting of the national security council, where those there signed the official secrets act, disclosed what happened. to my knowledge there has never been a leak from the national security council meeting before. therefore i think it is very important that we get to the bottom of what happened here. it isn't about the substance of what was a p pa re ntly about the substance of what was apparently leaked. it is not earthshattering information. but it is important that we protect the principle but nothing that goes on in national security council meetings must ever be repeated outside the room. the daily telegraph reported that five cabinet ministers disagreed with the prime minister's assessment that a limited role for huawei in the uk's sg rolled out, the next generation of souped up mobile internet coverage, was a good idea. they argued it would be a security risk. all five have since denied leaking the informa

mr hammond said ministers had "no red lines", and an open mind.ight, discussions broke up with no progress. matt cole is our political correspondent. matt, both sides say they're talking, but they're not meeting. indeed. it's interesting. the chancellor said this morning he was optimistic an arrangement could be reached with labour but also it could lead to a positive outcome at wednesday's emergency eu summit. that claim that talks are continuing this weekend, well, labour have told me none are scheduled at all. philip hammond has been in bucharest meeting eu finance ministers. from there, he said the government is open to all ideas and has no red lines. labour says the lack of progress has been because the government won't compromise, they won't change. if no arrangement is reached, the prime minister will have to hope mps can vote for something in votes early in the week. that's because eu members have made it clear when theresa may arrives in brussels on wednesday to request a delay to brexit day beyond next friday the 12th, that request has t

meet all day to break out where, if any, crossbody compromise might lie, and the chancellor, philip hammondit to be this evening with robert on itv in which he sounded fairly warm about the possibility of a compromise around a customs union, he said the idea of a referendum will be something that is certainly nice consideration by the house of commons, really interesting state m e nts commons, really interesting statements by one of the top members of the government. they will will only inflame tory brexiteers opinions but it shows where the compromise may emerge and how quickly thinking they are having to develop as the clock runs down. thank you, ben, for being there for us thank you, ben, for being there for us this evening. and for that insta nt us this evening. and for that instant analysis on the latest breaking events in the chamber. a victory for yvette cooper's bill by one vote at third reading which will now become a law if the lords pass it which as he was explaining, may indeed happen tomorrow. we shall see. a lot more on that coming up, but first we will get the newspapers. hel

nejra: that was philip hammond speaking with francine lacqua. with us, paul donovan and julian chillingworth. you both had great headlines in your research. heard about the six-month extension. for you, paul, it was trick-or-treat. you, julian, it was groundhog day. question, the worst of both worlds? julian: you get a softer brexit but you don't get position in the you -- in the eu. you don't get a vote but you may end up paying money into the pot as the norwegians do without a say in how that money is spent. expect it will be negotiated, that doesn't look to be what people wanted when they voted for brexit. i suspect if you voted against that equally you will want to stay in the full eu with proper thatrship, as opposed to three-quarter way out. nejra: providing some sort of solution, is that a silver lining? paul: certainty is a big step forward. the consumer in the u.k. is chugging along perfectly happily. the labor market is strong. we have that lack of investment. investment takes place but why is -- why as a chief executive you would make

so philip hammond they're signing pretty positive about the prospect with an agreement with labour, bys how the other side sees it, we heard from jeremy corbyn, the labour leader later on, suggesting he was out and about campaigning for local elections in plymouth, that they were yet to see the movement that they wanted from the government side. waiting to see the redlines move, and we have had two meetings this week, one with the prime minister, and a further meeting with rebecca held with david linden and the team, and that was more of a technical discussion about the nature of the future relations agreements, as well as with the withdrawal agreement, which has many problems, and many flaws in it, as we've pointed out in parliament. the key priority is to avoid crashing out of the eu with no deal, because of disruption that would mean to industry, and to supply chains, and we're determined to make sure that there is no crashing out without a deal. so next week to week, something will have to happen in parliment. and obviously labour will be playing our part. so in summary, labour‘s p

philiphammond --matt: hammond speaking with francine lacqua. jeremy stretch is still with us.ou think it's going to take to get a deal done? and do you expect that to happen in our lifetimes? jeremy: well, i like the cynicism because it does feel like our lifetime has been absorbed by the brexit process. we seem to be talking about this inordinately, especially in the u.k. what is it going to take? it will require both major political parties to bend or blurry their respective red lines and is francine was discussing with the chancellor, the customs union is the most likely redline to be blurred. can the respective sides get a deal across the line in the short-term? it seems hard to expect that scenario playing out. it may well be the case we are still here in another three to even six months getting toward that october 31 deadline without any obvious resolution. i think that does raise particular issues in terms of the sterling perspective. we have taken the view when we get a solution, we can see a degree of uptick in sterling. the longer that negotiation is pushed into midd

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uknext month's european elections. former ukip leader nigel farage launches a new brexit party and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator 0fsted, and it says the conditions in some of them are "appalling." hello, and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me arejoe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president of the foreign press association and uk correspondent for france 24. many of tomorrow's front pages are already in. the headline on the i, "assange faces tug of war between us and sweden." the paper says swedish prosecutors are considering reopening a rape investigation into the wikileaks co—founder, while the us wants britain to extradite him over his alleged role in leaked government secrets. and according to the guardian, political pressure is intensifying on the home secretary, sajid

phillip hammond, the chancellor, he is trying to make everything positive.tly. i thought he said it was the end of austerity. they are not going to/ benefits freeze. they will benefit from the anti—austerity, that has not happened. starting with the smaller, rather than the larger.|j suppose smaller, rather than the larger.” suppose it doesn't make much difference to those struggling with austerity. i don't suppose it does. he has said they have made these measures, the kick in today, hopefully some people will benefit, the national living wage has gone up, the minimum wage has been increased. it may help some people. on the other side of things, as i was saying, the critics will say at the start of this week everyone's bills went up. everything you have gained is already gone. very helpfully, last year when this was announced, the guardian did a few calculations. and they said that if you earn £50,000 a year the chancellor has handed you an £860 income tax cut, but if you only earned £12,500 per year you will only get 130 inch lbs. so the argument is it is

we were hearing from philip hammond today, who is at a meeting of eu finance ministers that talks wouldontinue this weekend. that is in contrast to what we have heard from labour, who tell me there is nothing scheduled this weekend. despite that, philip hammond seems to be enthusiastic and optimistic that not only can agreement be reached with labour but it can translate into a positive outcome on wednesday's eu emergency summit in brussels. this is him sounding chipper earlier. the conversations with the labour party are continuing. they were continuing last night. we are expecting to exchange more text with the labour party today, so this is an ongoing process and i'm optimistic that we will reach some form of agreement with labour. the chancellor sounding optimistic that things are going well. that in stark contrast to labour who say not only do they have no talks scheduled, they say the lack of progress has been because the government will not shift position. crucially, labour want a closer economic relationship with the eu than the government does. they want a customs union and clo

was a statement a financial statement this week which is almost overlooked by the chancellor philip hammond where he showed trade growth is slipping a bit but jobs crip being created at record numbers the economy the economic fundamentals are good and strong and we've got a good story to worry or even preliminary deals with japan turkey india career these are the countries young who was the fairy alive and i don't mean there is a pharaoh as yet go she really is very important ok what about we should have done better we should have done better but i know for a fact liam fox the international development sector has been flying all around the world with these t. it's trying to drum up support and i think some of these trade deals will be fall into place much quicker than people think trump loves great britain just finally what what stories could be buried during all this wall to wall coverage of the bricks of debate because philip hammond the chancellor said again that welfare was going to be frozen roundtree trussing five hundred sixty pounds a year worse off for poor families and also a knif

philip hammond something positive about the prospect of an agreement with labour but that is not, it the labour leader, early on when he was campaigning for local elections in plymouth that they were yet to see the movement that they wanted from the government side. we need to see the red lines move, and we have had to smack meetings this week, one with the prime minister and a further one that keir starmer held with david livingstone and the team and that was more of a technical discussion about the future agreement as well as the withdrawal agreement, which has many problems and flaws in it as we have pointed out in parliament. the key priority is to avoid crashing out with the eu with no deal because of the disruption that would mean to industry and the supply chain, so we are determined to make sure there is i'io are determined to make sure there is no crashing out without a deal, so next week something will have to happen in parliament and labour will be playing our part. labour's position is, your move, prime minister. the government saying tonight that this process has not bro

philip hammond says today there are no red lines, they are open to all negotiations in the stocks.onversations with the labour party were continuing, they were continuing last night, we expect to exchange more text with the labour party today so this is an ongoing process and i'm optimistic that we will reach some form of agreement. he is confident, and yet what be undersun, he is confident, and yet what be under sun, despite philip hammond suggesting talks are taking place today, labour are saying there is nothing in the diary. actual face—to—face talks between the different negotiating team is not happening. i think labour are very clear that the problem is a lack of willingness to compromise or change. that is what diane abbott has been saying this morning. the mess we are in is theresa may's mess. even tory mps accept that. the labour party has stepped up. we want to help. we are engaged in those talks in good faith. but the government has to perhaps show a little more flexibility than it has done so far. there has been no movement from the government on the actual content of t

we will speak to philip hammond and the italian central bank governor. those still to come.erg users can interact with charts shown using gtv . you can browse those charts, download them, take them to your morning meetings. tune into bloomberg radio live on your mobile device or on dab digital radio. we talk more global markets next as equity futures a struggle for direction. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> good morning from bloomberg's european adquarters in london, i am nara. these are today's top stories. looking for a catalyst, market brace for the start of u.s. bank earning season which kicks off with jpmorgan and wells fargo today. your i.p. o

philip hammond, the chancellor, called for a democratic process , chancellor, called for a democraticrocess, election or referendum. dawn foster, do you think we will see resignations from the cabinet over this from the right—wing of that grouping? a gap i think so. at this point, the right—wing of the grouping, the tory party, they are increasingly desperate. there was a story at the weekend apparently some conservatives have been pressuring the dup to steal the mace to stop parliament from sitting but they couldn't find where it was kept overnight! thank you both very much indeed. the prime minister saying that this was a decisive moment in the story of these islands. we will say, clive, what the fallout is of her decision. we will indeed thank you, geeta guru—murthy at westminster. i should tell you that the snp leader and scotland's first minister, nicola sturgeon, has been responding to this, saying that if mps are now the 12th of april two passed with no commitment to fight the european union elections, then my 22nd becomes the inescapable exit day. the sensible way forward, and

lippe hammond last night said he thought it was a credible proposal. members said he was very, very opposed to that deal. so you have big divisions on the customs union on the two sides. —— phillip hammond. and even in the cabinet on the idea of putting whatever the deal is to a confirmation vote. deep divisions in the tory party. and in the meantime, simon, if we are looking at a further 12 months of brexit uncertainty, where does that leave uk business, international business, investment, all those things we talk about on this programme every day? that is the key question. as much as business hates the idea of no deal, they are not massive fans of a delay either because as we have seen we got figures last week showing that business investment in the uk had hit a ten year low, and if you have a suffocating delay of another 12 months, there arejobs a suffocating delay of another 12 months, there are jobs that don't get filled, businesses don't invest and the investment of today is the productivity and jobs of tomorrow. i think businesses are wringing t

statement confirms, that we might appearas hammond statement confirms, that we might appear as though and heard about my letter to return obviously making preparations parties go to nominating candidates and stuff like that, but then if she managed to get that, but then if she managed to get that bill through, she agreed to a longer extension with the eu. she can get it there by the 22nd, she can get it there by the 22nd, she can start to swerve off that christ set your member does extensions, the not going to happen any more so it looks like they could not how was i going to go down in brussels? they may prefer it to the other options. but they're really worried about is that the uk either comes back having failed to get the withdrawal agreement through, without mvps saying by the way guys would have to crash that we need a longer extension but sorry we don't bother to have the election so actually your parliament is slightly legally dodgy ground and things like that they are worried about that. we had not thought team bet that the uk crashes i would bet a bl of the election, so your

nejra: that was britain's chancellor philip hammond speaking with francine lacqua at the imf meetingsn washington. coming up, jpmorgan tictoc earnings season with a bang. but can the rest of -- can the rest of washington -- manus: if you are traveling to work, bloomberg radio on your mobile, dab digital radio. join us there. they're hard at work. this is bloomberg. ♪ manus: this is daybreak europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in london. let's go to the banking consolidation story. german finance minister olaf shorts says the bank minister should be seen and a wider context. he says it's a big mistake to reduce the situation to one country. he spoke with francine lacqua at the spring meeting at the imf in washington. >> we were very successful in europe to change the scenario. we built a common vision for all the relevant banks. we built the financial funds, which is able to work with big banks all over europe. and this is the situation that has changed. my view is that we should much more look to europe as the european economy, and this is also due to the banking

ed hammond with us as well.his is bloomberg. ♪ vonnie: we have stocks lower for the major indices. sterner up 11%. enjoying some success on the part of activist star board. this is bloomberg. ♪ mark: i'm mark crumpton. egyptian trump and president up delphic taught lcc are holding talks -- abdel fatah al-sisi are holding talks at the white house. a referendum would potentially allow him to remain in power until 2044. president trump praised his leadership saying, he's doing a great job. lawmakers and human rights advocates have said it he is undermining democracy in the country. at the same time there are growing bipartisan concerns from the u.s. congress over the detention of americans in egypt, human rights abuses and a deepening military relationship with russia. the white house is discussing a new job for secret -- the secret service director. although he was asked to resign, president trump likes him and he may be offered a position with the u.s. customs and border protection or in posted homeland security.

chancellor the exchequer, philip hammond. new york, this is bloomberg. ♪ jonathan: from new york city for our audience worldwide, i'm jonathan ferro. bloomberg real yield starts right now. the rally continues driven by lower rates and signs the global economy is -- heroes into u.s. great credit funds for an 11th week. buting an impressive order for saudi aramco's debut bond sale. we begin with the big issue -- continues >> we are in a risk on environment. >> everything looks great in bonds. >>

of course, ed hammond, delighted to be joined by you. brian kingston, ceo of brookfield property partners joins us from the milken global conference in beverly hills. this is bloomberg. ♪ this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn want to bring you some headlines from the facebook conference in san jose. mark zuckerberg speaking right now and says we need to change the way we are running the company. he says we are limiting ways developers can access data, and says the future of facebook is private interactions. zuckerberg saying we need to change the way we are running facebook. -- stock is stopping, about down about .4%. that's virginia our coverage of the milken global institute conference in california. carol massar has a special guest. carol: i'm here with brian kingston, the ceo of brookfield property group. greek to have you here. we were on a panel yesterday and talking about the environment of real estate. if you have to pinpoint where we are in the cycle, how would you characterize it? brian: we

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the ukight the european parliament elections, it feels like a pointless exercise. the only way we can avoid that is by getting a deal agreed and done quickly. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good.

european title with them and has the record for most people in this league of goals her new boss hammond techmeme is married to the current coach of the women's national team he has high hopes for every. issue asian and armitage does so i'm counting on him to having so much success that in one or two years a club will call me up and say to him and jack wennberg how much compensation do you want so we can hire. going for now green says firmly focused on the task in hand ensuring the sun doesn't go down on strong winds time in the region only. who don't know. this is day w d w of business africa with the house alpha's is next and more world news of the top of it i'm going to. touch a bit of a coffee can. join linked news from africa and the horrible story link to exceptional stories and discussions. of easy town while wimps idea deputed come smash to come join us on facebook at c w five.

david: great job to alix steel and david -- and ed hammond. let's get a check on the markets with emma chandra. emma: after the closing highs of yesterday we are looking at stocks drifting in the u.s.. red across the screen for the major indexes. the s&p 500 and the nasdaq trading below the closing record highs we saw yesterday. it seems that investors are trying to weigh whether the rally we have seen this year has links to take it any further. earnings still a driver for individual stocks. we have been seeing earnings surprising to the upside rather than the downside. take a look at the chart. we are seeing the average share increased for the s&p 500 companies after earnings is falling. it is now a 3.2% at its year on year basis. share price increase saw the s&p 500 companies that have reported so far. let's take a look at some of those companies that have reported earnings. we are seeing a bunch of them fall. take a look at at&t, down 4%, down the most in january after the reported losing more wireless and tv subscribers. the global bellwet

betty hammond, louise hines, and elizabeth ann warren, who's the ex-officio. and we all had a lot of comments, conversation around the level of commitment and our appreciation for the members of the council who have served, and we wanted to advance their names again this year, and we did so with unanimous vote? and we were -- yeah, so we did so with a unanimous vote, and so we bring forward these names to you to the full commission to vote on the slate that we have brought forward to you. applications are also in your packets, so if there's any questions, we're happy to answer them. >> thank you. it's coming from the committee. we don't need a second, and any comments or questions from commissioners? any comments or questions from the public? hearing none, call the question. all in favor -- do we need to vote for them one at a time or can we -- >> clerk: one at a time. >> teacher: okay. for dr. marcy adelman to be reappointed, all in favor? any opposed. thank you. motion carries. for betty hammond, all in favor? any opposed? thank you. the motion carries. for

the chancellor, philip hammond, says the uk taking part in the upcoming european parliament electionstless exercise" and hopes that a brexit deal can be agreed to stop the uk from having to take part. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling." and at 11:30 we'll be taking an in—depth look at the papers with our reviewers joe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president

who are furious at this decision that the prime minister has agreed to, and it seems that philip hammond go so far any further, we are talking to one another they keep saying well eventually machines talk to one another, we are just going to have to interrupt that when they do things. any machine can do my washing if they want to, but it just seems we've got this famous thing called the five guys, which is ice, americans, canadians, australians, new zealand. they watch the world and after a point have kept the wild as safe as it has been. and they all say you wouldn't let the chinese company have a close link to the government and... and i think from what i can tell it's the reason half the cabinet and people like you and ican the cabinet and people like you and i can sniff the don't imagine people like that are an expert in 5g technology but who knows, i think it's much more about the so—called special relationship which we don't have any more, submit we are holding onto willey saw what it was like when donald trump actually met theresa may, and the complete lack of any report or empath

hammond beagle meyers killed it wouldn't sculpture evolved from the idea of folding a blank sheet of paper. and folding the paper he created a cross. god to send people have been making crosses for more than two thousand years so it's very difficult to come up with a new version of a new perspective a new way of depicting the cross. boston as well as a to find it. legal mire has little interest in art as an an with flecked of active piety he's more interested in the conflict between art and faith. you missed the officer when both of them there was i always like to try something new the reason i like this piece of wood is that it gives me a structure. a subject of the cross isn't limited to the material it scatters visually it radiates insists on the op to get this done saw that's the idea is that it's always a lot however i only know if it works after i've done it i first have to try it or . reason to easiest when it's bought up was abolished libyan. cologne cathedral. in one of the side chapels a sculpture produced in the year nine hundred seventy. this is the garo cross the oldest

chancellor phillip hammond is in beijing for talks on chinese infrastructure projects around the world its so—called "belt and road initiative". the scheme involves reviving ancient trading routes, but critics say it will simply strengthen chinese influence while burdening poorer countries with debt. 0ur china correspondent, stephen mcdonnell, reports. shoulder to shoulder with dozens of world leaders, the chinese president arrived. this gathering is designed to sing the praises of xi jinping's signature policy, the belt and road initiative. and he was using the forum to bolster enthusiasm for his global transport infrastructure drive. president xi promised greater transparency, a clear shift from the opaqueness to date, with no published lists of projects or details of how they were chosen. the chinese leader says he wants broader international involvement. translation: we will enter into negotiations with more countries, to conclude high standard, free trade agreements and strengthen cooperation in customs, taxation and oversight. under this initiative, china provides loans and techn