james hughes is back with us to look through the papers. as promised.ses, card or phone or whatever, has overtaken cash for the first time? wasn't surprised to hear that at all, personally. no, i wasn't, surprised to hear that at all, personally. no, iwasn't, and personally. no, iwasn't, and personally i hardly ever have any cash in my pocket at all. on my bank account, to be perfectly honest! you area account, to be perfectly honest! you are a cheap date. exactly. you have to pay. of course this is crazy, these numbers. not necessarily cause of rising, but what is more surprising, not mrs obama do people not using cash, but it is how many co nta ctless not using cash, but it is how many contactless payments are going through. and contactless transaction. —— it is not that people are not using cash. when you think about where they are being used. the story says the majority are in the likes of supermarkets of course where we spend a lot of money anyway, but there are different areas like parking, and that one i find incredibly easy. so frustrating. yes,

with me is james hughes, who's chief market analyst at axi trader, a brokerage firm.illip hammond, who basically says the british chancellor is issuing a warning to trump, he's in america and has gone on tv to say what? well, he has issued a warning. he is obviously not the first foreign minister to issue a warning oi’ foreign minister to issue a warning or the last problem be in this week toissue or the last problem be in this week to issue a warning to president donald trump. the issue of these trade wars is becoming such a massive issue going forward and that is causing all sorts of problems, and issue with these trade wars is at the moment, it tends to net itself off. you have the us imposing ta riffs itself off. you have the us imposing tariffs on one side, you have

with me is james hughes, who's chief market analyst at axi trader, a brokerage firm. let's have a look now at the story about phillip hammond, who basically says the british chancellor is issuing a warning to trump, he's in america and has gone on tv to say what? well, he has issued a warning. he is obviously not the first foreign minister to issue a warning or the last problem be in this week toissue or the last problem be in this week to issue a warning to president donald trump. the issue of these trade wars is becoming such a massive issue going forward and that is causing all sorts of problems, and issue with these trade wars is at the moment, it tends to net itself off. you have the us imposing ta riffs itself off. you have the us imposing tariffs on one side, you have tit—for—tat retaliatory tariffs coming back the other side. is a zero—sum game. coming back the other side. is a zero-sum game. it is a zero-sum game, and really the only people who tend to lose in these situations is consumers because what it does is it pushes prices up. prices go up and then con

let us talk to james hughes, he can tell us which one of these things is going to dominate in the coming is not really ever any progress on brexit. there's not much for us to get our teeth into. for sterling, it is going to be interest rates which are the key thing we have to focus on. there is a lot of importance being put on the august meeting, the bank of england meeting. we might see a rate hike at that meeting, that the expectation. there is a probability measured in a market which is at around 67% probability that we will get a rate hike in august. the comments from the bank of england today have came out with some fairly hawkish comments saying he expects to see these interest rates start to move on the right direction. it is that divergence, the divergence between the bank of england and the monetary policy and the federal reserve and us. the bank of england want to keep it as close to the us as we possibly can. it's going to be more steadily interest rates which are the big talking point freddie pound going forward. a quick word on bp. talking point freddie pound going forward.

as ge unloads baker hughes -- are we going to see a consolidation of assets as ge unloads baker hughes? jamesn appetite for oil assets. baker hughes is a big company. it does not sit well with ge, but there should be other interested parties. there has been a lot of consolidation in that sector. byreasingly, it is dominated a number of others. it is possible somebody could snatch up baker hughes. guy: is ge selling at the right time? are we seeing pricing power returning to the services sector, as it was, as we were a couple years back? james: we seem to be entering a phase in the industry where the services do better. cutsprices drop, everybody costs and the service sector is squeezed. prices are going up and the services will start taking a bigger share of the pie. they can charge more to the international companies. though ge is not necessarily doing this voluntarily, it is better to be doing it now rather than two years ago. guy: we will leave it there. james to james haran -- herron. -- overseas work in washington. he will be here to give us a great perspective on what is happening with

. >> laura: i want to play something from james clapper, he was on with hugh who it, and they were talkingbout whether or not information was leaked to cnn and participation of the new job. let's watch. >> i had no idea that i would end up working for cnn. in january, i had not thought about it. and the only reason i was appearing on television immediately after i left the government was the main motivation was to defend the intelligence community. >> you did not tip it off? >> laura: that seems to conflict with what he said. >> they are talking about the wrong thing. they are being taped on the contents of the dossier which all of the news organizations already had. the news was on january 6, the end tell had reached the select about it. that gave the news organizations the hook to them report it. they had the dossier, they could not reported, it was unverified. the head of the fbi briefs the president-elect, that is news. >> here's james clapper, you are watching him. this is what the american people need to realize, this man was the single most senior intelligence official of the united

hughes. >> reporter: fired fbi director james comey got a rebuke from the inspector general's report for that2016 news conference clearing hillary clinton. >> there is evidence they were extremely careless in their handling of highly classified information. >> reporter: they found it extraordinary and insubordinate that he refused to tell his justice department bosses what he would say, it found he usurped the authority of the attorney general. and democrats blasted him for going public just before the election with more clinton news while remaining silent about the russia investigation swirling around donald trump. >> the actions in this helped donald trump win the election. >> reporter: republicans are ramping up their own battle. >> it reaffirms the president's suspicions about comey's conduct and political bias among some of the members of the fbi. >> reporter: the report does criticize two fbi officials who exchanged anti-trump text messages during the 2016 campaign, including two new ones released in the report. former fbi lawyer, lisa page, writing to strzok. he's not ever going to be

hugh hefner, dr. timothy leary, ronald reagan, groucho marks. muhammad ali, jesse jackson. jamesn. >> that's got to be fun. >> that's it. you saw people still alive and contributing to our public policy debates. i want them back on "firing line" and show them with the original clip and back in the public eye but, again, it wasn't just public policy people or public officials. it's chef, comedians, television star, it's anybody who is influencing our culture that can have a rigorous exchange of ideas on television. >> he set a high bar, 33 years. >> 34 is what we're going for. [ laughter ] >> thanks very much. on pbs stations. check your local listings to find out. thanks for >> announcer: friday the party is on when the one and only florin morar florence + the machine take over central park. friday, your weekend party starts here with a super hot "good morning america" summer concert in the park presented by king's hawaiian. ♪ >>> "good morning america" is sponsored by cosequin joint health supplements available at veterinarians, club stores and pet aisles nationwide. >>> before

hughes told authorities he was depressed about being in the air force and decided to leave. ( james )eley grocery store... one food pantry says it no longer has to worry about a food shortage. ( james ) plus... putting friendship over a celebration. see the touching moment between two opponents. ( james ) and next... a toddler running on a busy highway is saved by an officer... and the whole thing is captured on the officer's dash cam. ( anny ) and i am tracking your and i am tracking your bay area forecast. [burke] at farmers, we've seen almost everything so we know how to cover almost anything. even "close claws." [driver] so, we took your shortcut, which was a bad idea. [cougar growling] [passenger] what are you doing? [driver] i can't believe that worked. i dropped the keys. [burke] and we covered it. talk to farmers, we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ (anny hong): another warm day across the bay area, especially over inland areas as high pressure builds over california. a cooling trend is likely ( robin ) no m

resolution put forward by hugh waits that resolution indeed failed because one word the permanent members voted against it that being nikki haley of the united states let's just bring in james bays our correspondent who's been obviously watching these events james not a surprise is that the united states did vote against it when now expecting the resolution put forward by the united states how will that be differing. well it's a very different resolution the u.s. originally said it would cast this as amendments rather than a new separate resolution the reason for that is if it was amendments you would vote on those first before the kuwaiti resolution so there was a procedural trick some diplomats have described it to me that would have meant the u.s. would have got theirs voted on first that's not now going to happen didn't happen and in fact we're going to have a series of speeches now before the us version very different resolutions voted on worth me just updating you if i can on exactly how people voted because that is a resolution the queta resolution that would become a u.n. security council resolution because it got the required nine votes in fact it got ten votes in

hughes told authorities he was depressed about being in the air force and decided to leave. he created a fake identity and lived that way in california ever since. ( jameslebrating the dub dynasty. meet the man who's making this tribute... permanent. ( james ) plus... the oakland a's honor thousands of north bay fire victims and first responders... but for one man the moment was extra special. ( james ) and ... shocking video to show ... kids placed in dog kennels. that story ... coming up after the break. dad wants three things on father's day: a big, juicy steak. a bloomin' blonde ale. and for you to pick up the check. give dad the father's day he wants at outback steakhouse. outback steakhouse. aussie rules. with free fishing at our catch-and-release pond this weekend. plus, great gifts for dad! like flag t-shirts for only $5. and an igloo 120 quart cooler for under $50. (anny hong): a warming trend is forecast for today and tuesday, especially for inland areas, as upper level high pressure builds over california. a cooling trend is then forecast to begin near the coast on wednesday and spread across the entire area thursday and friday. dry condition