john macdonald the shadow chancellor called a murderer, which is unwise. on this. people died because of problems with planning, sifting rules, fitting in contracts, whatever it was. a lot has gone wrong. we need to look after these families and get them rehoused and then we need to make the other tower blocks safe. we hear their is too much red tape, but it seems there is a lattice where there are gaps that these things can fall through. buildings can be built or renovated and they are not safe. regulation and they are not safe. regulation and red tape has a bad reputation, but this is the kind of situation that could have been prevented if the materials had been fit for purpose and the building had been fit for purpose. it is the same in financial services, there is a lot of red tape out there but they are trying to stop people from losing all their money. can we look at the financial times for some stories. household savings rate at 50 year low. that is quite shocking when you think that if interest rates go up people might have to rely on the money the

you spoke to john macdonald. i'm fascinated to hear what he had to say >> it's fascinating, ease rhe's relishing the idea on the confusion as to their policies, they'll struggle to get this speech through or without the dup, we heard from arlene foster and a flub of people saying a deal is not looking that straightforward. even damian green, the de facto deputy prime minister, the secretary of state saying this morning to the bbc that centsly he's not sure a deal will be possible john macdonald, i asked him a number of questions. the one interesting for the european audience is about the idea that philip hammond, his opposite number on the conservative front benches, has essentially been the one accused of pushing us off brexit we clearly heard that the idea of staying in the single market is off the table, according to david davis, staying in the customs union in the current form is off the table. philip hammond understood austerity was a problem for british voters i issed john m easked john macdd whether he tru

joining us elizabeth macdonald jack, and john layfield now, we've got the market as of right now, the right now, we're right up on the verge of another record high for the dow industrials. is this this the second or maybe the third leg the beginning thereof of the trump rally? >> if you believe that tax reform is beginning to get done that depends on obamacare because of the way reconciliation works you have to get it done by september and then work on tax reform in next fiscal yore and definitely this is next leg. first leg was definitely that november, december run. after that you have corporate earnings taking off central bank were easing as well and i think now you're looking at the hope of possibly of a tax reform package getting done. so that's what it's all about . jakscht how is this the beginning of the second or o maybe the third leg of the trump rally? >> two conflicting item use look at. one, stocks are pricey relative to earn orings that tells you over next ten years your return might be a little bit below aj. but near term over the next year, markets don't die unless you