itv regulators stop the film 10 minutes before transmission, essentially for legal reasons. but i believed the real reason lay elsewhere. they wanted to present the queen as a great healer of the division between the areas, but symbolically she represented the division itself. that was painfully obvious in 1977. >> she's not my queen. >> do you think she is the lady of belfast? >> no. i think i am proud to live here. >> 30 years have not changed eileen's views. she is outraged martin mcguinness is going to shake hands with the queen. >> god help ireland. >> if you could meet the queen, what would you say to our. >> i would not say anything. >> and views on the loyalist road have not changed either since the jubilee celebration of 1977. >> i read all the papers. she is our queen. >> today, they have recognized it may also be difficult for the queen to shake martin mcguinness's hand and that the ira killed her cousin. >> i think it will be difficult for the queen as well. i think that would send a strong, clear message to the people of ireland. >> for many, her visit to dublin

i would make the point that there were at this time off com was being attacked by itv. by the bbc and with which it had almost nothing to do. on the left, they were all saying off com seems to have gotten too big. this was an agenda that was very linked to my views and not in any way proposed or dictated by violence. >> you said it would cease to exist as the merit and at the end of paragraph 113. it's restricted to the technical enforcement and that covered under the enterprise act with plurality. it will no longer play a roll n making policy. >> with all these was to say that policy making on the whole should be done by departments and be accountable to parliament. we were making an argument not just about cutting cost, but accountability and say if decisions have to be impartial, they should be carried out by independent nongovernmental bodies. it was a serious attempt to look at them more broadly. >> to take the story forward as it were, is this right? the reason this policy was not enacted was that in the pragmatic reality of the coalition government, it wasn't pos

so for our forecast, we don't have a lot built in for the itv. so it would be helpful to get that. right now i'd say the stock at 580 pretty attractive level. 11 times earnings here with a good pile of cash on the balance sheet. >> are we running out, mark, of the big wow to really drive the stock? i mean, siri was a big launch. i understand that. now ios6 and incremental improvements with the retina display to the ipad and a big deal engineeringwise but to the consumer does it make that big of a deal? are we running out of the big things to move this stock? >> i think, really, the biggest thing we're looking for and it's a good point, we are in a pause right now. we had a piece last week trimming the iphone numbers and waiting for the iphone 5. a new form factor for the iphone. lte, bigger screen, what have you. i think in the meantime, you know, you're in a bit of a holding pattern. of course, the itv is brand new market they're not playing in and look for any clues on that side. >> you know, if we get a pile of details, you know, souped up software and hardware, you name it, how

i think what we can do is assemble a group of people that included radio, music new media, itv. so pretty good mix of action. but as i say the person leaking it was a former director general of the bbc. can look at ofcom? you gave a speech paragraph 113, page 04132. but you did make some points about ofcom in this paragraph did you? >> i did. i think it's important to stress this was a big speech ongoing go so it was a sense after 13 years of labour government that claimed the state had gotten very big. quango has become very powerful. the people working on were excellent and well paid, and this was a series of speeches that i worked on with people like oliver to try and come up, instead of the normal government politicians about this, we're trying to find a set of rules to apply to different claim goes to see whether they need to exist or whether parts of them could be back into government and we said pacers of questions which are in paragraph 113. and then we apply that to a number of thank you. as you say a big speech about quangos, the ofcom parties only three paragraphs or

i think also they could start that app store for itv.now that they're working on this because, you know, not just because we see the prototypes and things like that that are allegedly in the asian markets and things like that put together by sharp or others, but we also think that a lot of apps that might run on the itv extremely interesting. can you imagine putting out the specs for that at worldwide developer conference, a natural would be a natural fit for that sort of thing. by the way, i don't know if he calls it the iphone 5? what if he goes with the new iphone. that seems to be the model after the new ipad. >> let's pull up the chart. was apple trading at $580 and change -- $570. i'm wondering, grasso, if you think apple goes to $550 or $650 first. >> we've talked about this in the past when facebook was coming out. we saw they sold google, priceline and apple. now what we've seen with facebook debacle, they put their money back in here. so i think there is a floor in apple. and it's probably poise today move higher from there. >>

prince william, who will one day follow in his grandmother's footsteps, spoke with british broadcaster itva new documentary. >> they're quite hard footsteps to fill. it's just a matter of learning what's gone before me. everyone's fascinated by the queen's life, how she's done it. >> reporter: prince william's wedding was a big celebration but believe it or not, the diamond jubilee is set to be even bigger. the excitement is building on london streets, pride in country and queen on full display. ♪ the street parties have already begun, celebrating a once in a lifetime event. >> cheers for the jubilee. >> reporter: palace preparations are under way. today a full dress rehearsal for the royal procession. the stands are going up to hold thousands for a concert on the front steps of buckingham palace itself. and everything is in place for the grandest moment of all, a thousand ships on the river thames, the largest flotilla since the 16th century. special jubilee bells will ring for the queen. some of the boats will be lavish, others a little less so. >> hip, hip, hooray! >> reporter: like the

unfortunately, itve

tim ewart, itv news on the river thames. >>> well now for a look at the national weather, look who decidedo join us once again. it was a difficult week being this far away from all of this. >> yeah. i didn't exactly wake up by now, but i dvr'd you every day. >> you're like, i can't even believe i'm awake by now, yes. a week does do a number on you. >> it was times ten. i'm just tiesing. >> always helps. >> it's nice to be back in the routine. good morning, everyone. hope you had a wonderful weekend. out there this morning, two or three trouble spots, definitely from oklahoma, into areas of tennessee is the worst of it. tulsa, oklahoma, flash flooding reported last night. some water was getting in homes, so they're doing a little bit of recovery there. another batch of storms that just moved down on top of you from the north. so tulsa, all the way down to fort smith, arkansas. severe thunderstorm warnings for you. interstate 40 is not a fun ride this morning anywhere heading from little rock all the way in to oklahoma is going to be the worst of it. now the other trouble spot, we have a lot

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quite a formative period because i was working for a big part of the british broadcasting industry, itv, effectively, and i formed a lot of views and opinions then, which i still hold today. >> thank you. i'm going to divide your evidence of five general settings. may we look now at paragraphs 13 and 14 of your statement, page 04099. >> and is this integral to the democratic process, we're all agreed the contact between politicians and media is inevitable, necessary, not inherently unhealthy, is that right? >> absolutely. it's not the only way we communicate with people, because obviously you have some direct forms of communication, particularly at election time, leaflets and the like, but it is a very big part of the way we communicate, so relationships are important. >> in paragraph 14, is this intended to include off the record discussions? >> yes, off the record discussions. but also discussions to try and thought for journalists, understand more about you, because you want people to understand your motivations, to understand your character, your judgment, your views, and why you ho

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regulations, bbc, formative period because i was working for a big part of the british broadcasting industry, itv effectively, and i formed a lot of views and opinions which i still hold today. >> thank you. again to divide your evidence into five general headings. and the first heading is general perspectives on the developments of media issues. may we look now at paragraph 13 and 14 of your statement? 04099. >> yeah. >> and you're saying that the media is the instrument of communication and integral to the democratic process. so we all agreed that the contact between politicians and the media is inevitable, necessary, not inherently unhealthy. is that right? >> absolutely. there's not -- the only way we communicate with people because obviously you have some direct forms of communication, at particularly election time, but it is a very big part of the way we communicate. so the relationships are important. >> in paragraph 14, mr. cameron, you first backgrounded discussions, is that intended to include off the record discussions? >> yes, off the record discussions. but also discussions for journ

it should be, it has to be an itv. >> would that be a nontraditional move?rm, this conference today. >> it used to be. last year was the first year we didn't get a hardware announcement. a couple years before that we did get the new iphones. they have announced hardware here before. it's not unprecedented. it will be a full day. we do expect the macs to be upgraded. mapping software from 3-c being introduced. it'll be a full day. there's always a surprise at apple. >> how do you model, then, revenue impact from a television when it is announced? >> the big thing for us is it's a halo impact. if your household has an itv, chances are everyone has an iphone. everyone has an ipad. so it's actually not the impact from the tv itself, although that'll be nice. it's really the halo effect of all the other devices. >> you think maps could be a revenue generator on its own? >> huge revenue generator. think about how apple is moving into the ad world and how monetizing that ad is critical when you're on a mobile device. mapping is the gateway. that's something they ne

if you want to get the exposure, look at itv, home construction.all the names that benefit from that or new builds. >> the stock has been a pretty monster performance. >> a 20% move is astronomical. 36% shortage in the name. you have to assume a lot of those and maybe get it questioned lower. i think the stock is interesting for a trade now. >> you can spring higher. >> gold star for you. coming up next, a canary in the coal mine for technology. if a prepaid iphone will be a game changer. what lies behind this red velvet curtain. the best idea you will hear for the trade of the day and has all the right elements for success. stay tuned to find out what it is. more fast straight ahead. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be y

apple is trying to improve every aspect of the product line while rolling out exciting devices lierks itvhing they have in common. spain and apple can bring down everyone in their wake except for themselves now. spain saves itself for the moment but does nothing to help the other countries they need to bail out reckless banks. spain wins for now. everyone else loses. the more apple innovates the more developers flock toyota the more you want to use amle. apple makes the iphones more competitive. plus it's moving away from google maps which shows apple doesn't want to play anyone else in the valley. it will make the software. the other guys don't have siri. i use her constantly to find things and to remember to do regular chores i would forget. i always tell her afterwards that i love her. she demurs saying she bets i say that to all my cell phones. how about make siri better? i can't wait. i'm pointing out that at this stage in global capitalism nations are revealed as rogue spenders of money they don't have and protectors of a regime that will lead to shrinkangle of their economies. ap s

the itv hitting a new three and a half-year high and housing reports better than expected.nar's orders and earnings better than expected i believe and then kb home reporting earnings better than expected beating the top and bottom line and narrower second quarter loss as the orders soared. constellation brands beating the street. and also announcing it will acquire the remaining 50% stake that it doesn't already own from anheuser busch of $1.58 billion. shares at five-year highs. it is 5:00 somewhere. sue, back to you. >> indeed it is. cheers. thank you very much. >>> that is a very bullish scenario and many analysts say the second half could be tough for one particular part of the market. the banks. due in part to a sharp drop in deal. goldman sachs plans to slash several hundred jobs to cut the costs. how bad for the financials? joining us is neil weinberg at american banker. good to see you again, neil. >> my pleasure. >> we know that the deal making has been drying up lately but some people say that has to do with the credit markets versus the overall environment in the

disappointment for investors was around itv. it was many something we had been expecting. but i think that's what created the weakness in the stock. >> you were at the event. how did he do? >> yeah. i was at the event. i thought he did a pretty great -- pretty good job. the thing about tim is, you know, he's not known for his vision. he is known as more as an operator. i think he is showing signs of being a visionary himself. obviously, you know, steve jobs is, you know, tough to replace. he will not replace him but i think he has his own -- i think he is doing a good job by starting vision and getting people fired up about apple. >> jon fortt, do you agree? is that the sense you are getting as well? >> definitely. i think another important thing to note about this is the amount of partnering that apple did. look at how deep they got with yelp, open table integration. entertainment answers, siri. farther nerg with database companies to do that. you look at facebook. and how they let them into the app store and other places to integrate. i think that sort of thing will be r

bill neily, itv news, douma. >> you have to remember how many children have been affected in all of thisning report. we almost become immune to seeing the images. we've seen them now for months and months and months. but it's escalating and it's getting worse. our jill dougherty has an interview secretary of state hillary clinton today. we'll bring that to you later on today as soon as we have it. >>> let's also move on to egypt. there is a new leader in egypt. a very big day for this country. we'll take you live. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good. [ male announcer ] half a day's worth of fiber. fiber one. [ jack ] yeah, this is pretty good. male spirit present.trong it's the priceline negotiator. >>what? >>sorry. he wants you to know about priceline's new express deals. it's a faster way to get a great hotel deal without bidding. pick one with a pool, a gym, a great guest rating. >>and save big. >>thanks negotiator. wherever you are. ya, no. he's over here. >>in the refrigerator? in that time

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i think what we can do is assemble a group of people that included radio, music new media, itv.paragraph 113, page 04132. but you did make some points about ofcom in this paragraph did you? >> i did. i think it's important to stress this was a big speech ongoing go so it was a sense after 13 years of labour government that claimed the state had gotten very big. quango has become very powerful. the people working on were excellent and well paid, and this was a series of speeches that i worked on with people like oliver to try and come up, instead of the normal government politicians about this, we're trying to find a set of rules to apply to different claim goes to see whether they need to exist or whether parts of them could be back into government and we said pacers of questions which are in paragraph 113. and then we apply that to a number of thank you. as you say a big speech about quangos, the ofcom parties only three paragraphs or so. and one of the reasons i picked off, was because of my own expense and television of remembering what individual -- the idc event the precurs

if you look at the itv index, we were up 3.4% intraday.e for the home builders. back to you. >> all right. thank you very much. rick santelli is in chicago watching mortgage market rates and security prices with a guest. rick? >> absolutely. robert kendry is an independent broker. we go back decades. rob, last week was a big week for treasuries. we dropped, what, 35, 36 basis points in a ten-year yield. we dropped down close to 50 basis points in the 30-year bond. okay. drum roll, please. how much did mortgages drop? >> i'm afraid mortgages only dropped over the last month have dropped from 380 to 375 to five basis points. that 50 basis points is over the last month. dramatically so in the last week. >> absolutely. now, you know, most people out there understand mortgagesment they understand refinancing. we're describing here is kind of called the basis. you have something in the form of a ten-year note. it's very similar tool to a mortgage. it isn't a mortgage. and there are dissimilarities cause the relationship of how they vam u against

which was with chris gibson of itv. it's in the middle page. i hope you have the same pagination? >> i have, thank you. >> you say, "yes, there should be a public inquiry. i think it probably will have to take place after the police inquiries are complete." so that was your first call for what, in the end, has become this inquiry. there was an interview with kristy wark for bbc newsnight that starts at 06599. i just ask you to deal with one. she raced to you. at 06600, level with the upper hole punch, she suggests that you were slow off the mark -- "i mean, on monday night's news side, tom watson said your is guilty as clegg and cameron on not only letting the dowler family down, but simply not pushing hard enough on this whole issue. you were running to catch up." you obviously give an answer then. is your answer the same now? >> yes. i was too slow to speak out. at think is worth saying, if i can take this opportunity, but that moment -- what was significant about that moment, i knew at that moment is a said in my opening remarks, we were crossing the rubicon, because this would

think what we can do is assemble a group of people th included radio, music, new media, itv.  pretty good mix of action. but as i say the person leaking it was a former director gene of the bbc. can look at ofcom? you gave a speech, paragraph 113, page 04132. but you did make some points about ofcom in this paragraph did you? >> i did. i think it's important to str this was a big speech ongoing so it was a sense after 13 ye of labour government that aimed the state had gotten very big. quango has become very powerful. the people working on were excellent and well paid, and this was a series of speeches that i worked on with people like oliver, to try and come up instead of the normal governmt liticians about this, we're trying to find a set of rules t ply to different claim goes t see whether they need to exist or whether parts of them could be back into government and w said pacers of questions which are in paragraph 113. d then we apply that to a number of thank you.

. >> prince william there talking about the queen in a documentary for britain's itv.morning" from london. the diamond jubilee celebrations are about to kick into full swing. the four-day holiday weekend will feature plenty of pomp and pageantry. the eyes of the world were last on london for the wedding of prince william and his lovely bride. the celebration surrounding their big day will seen almost modest compared to those for queen elizabeth ii who on this her diamond jubilee marks 60 years on the throne. talk to us about the significance of the longevity of her reign. >> it's remarkable. more popular than ever. >> reporter: approval rang out in 1977. >> her majesty, the queen, hip, hip hurrah. >> for me the 25th anniversary is a moving occasion. it's also, i hope for all of us, a joyous one. >> reporter: it certainly was. street parties throughout the city. on her golden jubilee, 25 years later, more than a million people partied at buckingham palace. >> we're celebrating our country's history and a woman's reign. >> reporter: over six decades of service, the queen

>> we're trying to assemble a group of people that included radio, music, new media, itv, a pretty good mix. >> you gave a speech, it is paragraph 113. you did make some points. >> i think it is important to stress this was a big speech. there was a sense that after 13 years of the labor government, they have become very powerful. the people have become extraordinarily well paid. this was a serious speech that i worked on with people to try to come up with, instead of a normal decision, we are trying to find a set of rules to apply to -- to see whether they needed to exist or parts of them could be folded back into government. the series of questions are in paragraph 113. one of their reasons i picked it was because of my own experience in television of remembering what the independent television commission had done. remembering the levels of pay that there were in the itc. the pay levels were pretty excess of. -- excessive. at this time, it was being randomly attacked by the bbc. and also by commentators on the left. this was an agenda that was very linked -- not in any way proposed or

prince william also spoke of his grandmother the queen in an interview with british broadcaster itv.d like to take all of her small moments and put it in a small box and be able to refer to it. >> reporter: prince william will accompany the queen with his direct family the direct line of succession front and center. >> in the past few months and year it's all been about william and kate. everybody seems to be fascinated by them. they of course will be important in terms of supporting the queen, but it will be her weekend. it will be a moment when we celebrate elizabeth ii. >> reporter: the jubilee weekend festivities get under way on saturday when the queen and the royal family attend the eppson derby horse race. the highlight of the weekend will no doubt be the diamond jubilee pageant on sunday featuring a flotilla of more than 1,000 boats sailing down the river thames with the queen and prince philip on a specially decorated barge. a concert includes elton john, paul mccartney, stevie wonder, and many others. the night culminates with the lighting of 4,000 beacons across great brit

when itve been bowl -- b is a perfect hedge against fuel increases. the true cost of when our solar is never going to increase. addressing your question about the automobile storage, our university of delaware has done a good deal of research to look at electric cars as a storage source for the grid. we are getting ready to roll out a commercial program with several industrial partners, probably in default. the idea is to use the -- probably in the fall. there are fluctuations in the employee's services market and in the wind access, where you absorber. that is called de gaulle -- vehicle grid technology. >> i see tire investing in everything and developing everything. china is really going to become greener. it will have highly sophisticated natural gas facilities and it will be putting in place horrible coal plants. they will obviously have solar. i get the sense from the three of you that you are largely optimistic about u.s. investment in infrastructure and the interesting place this will grow. i do not get the sense for -- sense from you that thi

>> we're trying to assemble a group of people that included radio, music, new media, itv, a pretty good mix. >> you gave a speech, it is paragraph 113. you did make some points. >> i think it is important to stress this was a big speech. there was a sense that after 13 years of the labor government, they have become very powerful. the people have become extraordinarily well paid. this was a serious speech that i worked on with people to try to come up with, instead of a normal decision, we are trying to find a set of rules to apply to -- to see whether they needed to exist or parts of them could be folded back into government. the series of questions are in paragraph 113. one of their reasons i picked it was because of my own experience in television of remembering what the independent television commission had done. remembering the levels of pay that there were ain the itc. the pay levels were pretty excess of. -- excessive. at this time, it was being randomly attacked by the bbc. and also by commentators on the left. this was an agenda that was very linked -- not in any way proposed o