i see john mcdonald said. [applause] john mcdonald said at the meeting i was sad and he said the -- got it wrong, i'm really not sure that is fair. they wiped out the majority, winning support in every social and age group. in gaining in every region and nation of the country. so, please take another holiday and make another decision. [applause] >> the labor campaign machine is primed and ready to roll because of some people it didn't come out of the election to well now we have been kind and gentle here, they ran the campaign they always do, under orders from the tax owners to track labor at every turn. [applause] the day before the election, i remember it well i was doing six rallies, one paper devoted 14 pages to attacking the labour party. the following day, our vote one up nearly 10%. [applause] there so many trees never died in vain. the reddish people's all right through it. so, this is a message to the daily mail's editor, next time, please make it 28 pages. [laughter] [applause] but the campaign with

i can accuse you of being a right wing leader better politician arguably what did you think of john mcdonald shadow chancellor saying these p.f. ideals that was signed between private corporations and our civic democratic space all rolled on the absolutely great because if you look back now i mean the hospitals that twenty years ago there's government funded by peer fine till we now know it's costing the taxpayers six times as much as if we just borrowed money and built them. and i mean i had to cope with the partial privatization of the underground and that was to do some stuff and he after just four years one of the two big firms was one point eight billion in day came to me and said we need you to underwrite the debt or we're going to go bankrupt now shall not give you a penny they went bankrupt reporting for a pound but the interesting thing is and that is what you're about it that's the interesting about this is it would be denounced as very left wing but there's another politician who's done this but some when he became man he offered the alpha and been involved in profit on the underg

they will be policy announcements, john mcdonald will pledge his willingness to work with the governmento reduce student debt significantly. but, some policies will be more controversial. the right and left of the party are challenging the leadership to commit to staying inside the single market after brexit. we are committed to a transitional period when we will stay in the single market, in the customs union. but that is not a definite trigger indefinite transitional period. she is talking about two years. we are talking about a fixed transitional period when we stay in the single market and customs union. why labour activists are in good spirits this week, disagreements continue. let's get the thoughts of of our political editor who was at the conference. ifjeremy corbyn takes a look at the front pages it's not about civil war in the labour party, it's about civil war in the tory party. that will please jeremy corbyn. he'll be delighted. the tensions in the tory party over brexit, the tensions in the labour party will also be over brexit. it is the monumental issue which shapes or pol

shadow chancellor john mcdonald addresses europe's largest socialist party at the labor party autumn dawn french coming up on the show has called and takes on the playwrights of britain's labor party governs how come so many of them and their civil servants landed on their feet in jobs in big business we investigate westminster and whitehall revolving doors with spin watches david miller and from winston churchill to frank sinatra we speak to iconic british photographer terry o'neill about sixty years of being behind the lens of award winning cinema groundbreaking music and a chapter in politics. coming up in today's going underground but first today marks the start of britain's labor party conference in brighton in the south of england but what has the u.k. labor party stood for until jeremy corbyn was elected twice to lead what is now europe's biggest political party well internationally labor is known for the rhetoric of this man but get the party no more bosses buses work because we are on the same side the same team britain united will win but to many some may i ask was labor no

david cameron nationalize the banks didn't have any choice but what do you think about that when john mcdonald says he wants to open up dialogue with the multinationals i mean women of multinationals will be damned and that with government seeking wealth redistribution it's all over the world they've got governments in their pockets and after you've been in government you can get a nice place on their board and all of that but that's not what i mean we're going to they will i think i mean when i was me i had to deal with huge corporations from the girl who wanted to do things in london i always push them as hard as possible to get the best steel phenomenas. under blair and brown they just and a cam and they just rolled over into what corporations want so you've got to deal with them but you've got to make sure they pay their fair share what do you think about the c.b.i. also there in britain saying labor policies could send investors running for the hills the anyone listens to c.b.i. anymore we'd never achieve the levels of investment under the neo liberal agenda of hatcher and blair that we h

john mcdonald or actually the previous evening, john mcdonnell was talking about the fact that may be under a labour party government, may see a run on the pound. mouhammmed choukeir, still with us on set. government at this point in time is an interesting proposition inasmuch as it seems to have a you nanjing factor attached to it. they would potentially nationalized and greinke fia in and have the international investors. the direction of travel on brexit seems to be increasingly towards a significantly softer brexit. do the two compensate for each other in investors minds and one nobody seems to be looking at this as a factor at this point? mouhammmed: it is impossible to price at it and in terms of whether labor can get into power and even if they do, what the impact will begin in the points you mentioned. the big issue is consumer credit. that was discussed in the labour conference as one of the things they're concerned about, the surge in consumer credit. 3 million people are perennially into that. the other thing to pick up on your point about donald saying the weaker pound, tr

we both looked at this story, john mcdonald talking about wargaming.it in a discussion of the labour party conference. it was very much in response to questions, are we ready for government? >> back to the early 1990's, this is what the run of the bound looks like. manus: you've got brexit. when you hear this -- and the bbc made quite a bit of it -- but it is obviously pressing upon their minds. the risk of an election in the u.k., what is the most manifest risk at the moment? we have had a bit of a resurgence. michael: i think the risk is somehow you get a flaring up of hard brexit. i don't really see that at the moment. that's one risk. the other is that the bank does not raise rates in november. they have often said, we are going to tighten them. they have set the course for rate increase in november. i think whether they set that up as taking back the rate cuts of last year or the beginning of a rate hiking cycle would be the next determinant, in my view, of where it goes. michael, thank you for your time. chief investment officer at credit suisse

john mcdonald will say there are more than 3 million people with credit cards who are locked in debta bit like a victory parade rather than a political conference. nevertheless, with brexit overshadowing absolutely everything, jeremy corbyn's not going to have an easy ride and he is not going to be able to avoid difficult conversations. ok, thank you very much for that. perhaps we will have a difficult conversation withjohn mcdonnell will have a difficult conversation with john mcdonnell in will have a difficult conversation withjohn mcdonnell in a couple of minutes time on brexit and a couple of other things labour will be talking about at the conference. the fourth round of brexit talks begins in brussels today in the first opportunity for the european delegation to respond to theresa may's speech in florence which aimed to restore momentum to the process. the german chancellor, angela merkel, is beginning the process of forming a new coalition government, following yesterday's election which saw millions of voters defect to the far—right. she was re—elected for a fourth term but o

rich, list bet mcdonald, john tamny and bruce jansen. is it possible for trump to go the reagan way? >> absolutely. he should do it before congress votes on it, the way reagan did it, have the details there so he knows what to present to the american people. he doesn't need a lot of graphs. but in the background, a typical american family will keep, 2, 3, 400 a month and then the rallies adds fuel to the flames and that's how you turn up the public heat. david: can president trump do that? >> i don't think so. reagan took years for his message and reagan had a good plan to articulate which makes it much easier to sell. as trump himself as said, his tax plan does not help people like him. the last i checked, the rich paid the majority of the taxes. if we're not cutting taxes on the rich, that means we're not cutting taxes. how do you sell that. david: rich, there's a one similarity, a simplification program. we saw president reagan, back then 11 different tax brackets and brought them down to three. now president trump is suggesting our s

let's go in focus to find out with steve forbes, steve, elizabeth mcdonald, john tamny and steve, first of all, happy anniversary, a good run. >> i want to emphasize, that's the magazine, not me. [laughter] >> we understand, steve, although you look good for a hundred, i was going to say. what about this? america first, it's being criticized by the media and others, but warren buffett is saying essentially the same thing. >> in very different ways, but what we have here, david, is the reaction to the previous president obama who seemed to put our enemies first, appeasing north korea, grovelling before iran, reset with russia, fake red line in syria. you can see the prime minister of japan and south korea, visibly they're reassured by the tough line that trump took because their security is at sake and they're in this together. david: as john said, every country puts their country first and then puts the others. >> i want to be sure, he's not saying the same thing as warren buffett. warren buffett is looking at the u.s., and donald trump is looking at carnage. i would be about america fi

yesterday, shadow chancellor john mcdonald said that labour's , and you will confidence whenever this wins, there will be a run on the pound. corbyn agreed with those comments. thought we would look back and see when sterling had some big declines in history. financial crisis, and of course post-brexit. those are when we saw what we could term runs on the pound. saudi arabia will allow women to drive cars, ending its status as the only country in the world to ban half the population from getting behind the wheel. it is going to have a profound impact on vehicle demand, driving habits, and even immigration patterns in a country where low-wage immigrants from bangladesh and the philippines often work as hired drivers. francine: thank you so much. we're going to stick with that story. it did send shockwaves in the country. insurance up this morning after the kingdom clans to lift a ban on women driving, ending its status as the only country in the world to have that restriction. for more, yousef gamal el-din joins us from dubai. how much does this have to do with women driving, and how m

mark: one of the standout mcdonald,s when john when he talked about scenarios, if and when labour partyone of the scenarios was that we could see a run on the pound. do you think that could happen if the labour party was to win the next election? what we see a run on the pound? governments have always likely caused mayhem in the british economy. foreign currencies can understand that as well as u and me. just a run on the pound. it is the damage with the policies that they are now talking about. what they could do to the long-term interests of the british economy. it is a long way to go. mark: what is the quick fix? is there a quick or slow fix for the conservative party right now? what would you suggest? >> i have not the slightest idea , the long-term interests of the nation and of the conservative party is to abandon brexit. yes, you ask an important question, is there a way in which this could happen? i think there is. i will not say likely. issue, whichlying is affecting american politics, european politics, including the united kingdom, is immigration. without the slightest doubt,

mcdonald's ditched the mack pizza a while ago. a couple of restaurants -- they have a better box. did they just steel pizza a boxes from pap a john's or something? it's like a side dish. this whole thing is stupid. here's the deal. it's gone. there was only like one left. you can fit that into a big mack box. one last time. it was when we were quite young. i couldn't really remember it, as soon it and saw it and smelt it and tastedded it it all came flooding back. this is mack stupid. mack let's talk about something that is actually useful if anybody really is watching. in a couple of hours, beautiful weather for the beach? >> you you know what is so fun he i, lauren was trying to read that with a straight fast. after mack cas really lost it. will you you continue laboring for ten seconds. like the apple pie, but put saferring stuff in it. that's a scam, too, the pot pie. -yeah. [laughs] -that's what happens when a moose tries to ride a bull. welcome to tosh.0. i am not a fashion icon, just a simple tastemaker. remember, the dumber i look, the more expensive it is.

we go to break, dow is managing to hang on to some gains, mcdonald ldi t'seanghe stri industrials this morning we're back in a moment oh hey johni'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain td with mammm, blueberry?als and thousands of other traders? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> there certainly is a lot of hope and hype around what tax cuts and repatriation will actually mean for markets and companies. good thing our senior economics reporter steve leishman joins us now to cut through it all and describe some of the winners and losers steve? >> thanks. the markets sometimes treat everyone as an equal winner to cut corporate taxes, but a closer look finds definite winners and either losers or those who win less let's look at the overseas cash situation. tech and pharmacy are big winners. jpmorgan points out two reasons companies hold money ov

john already staying there on the right-hand side because i have a treat for both of them. we're all in for a treat actually. mcdonald's count them, three new drinks today. there is the caramel maciato. the cappuccino and the a mericano. i have samples. ashley: that is a lot of coffee. stuart: my count, what we'll do, taste test each one in order. all of us will rate these coffees. number one is the caramel maciato. gentlemen, raise your cups and taste. okay. now i want a rating from each of you on scale of one to 10. 10 is fabulous. drinking it every day of your life. ash, first. ashley: four, going into diabetic coma as we speak. stuart: charles? >> i would say zero because that i can't stand these sweet drinks. stuart: yes. i give it a six, because i kind of liked it. and john,. >> i will go with a five. too sweet. stuart: i'm one likes it most. >> which is a little scary. i can't imagine you with this coffee. stuart: wait, john, just wait. next on the list is vanilla cappuccino. ashley: got it. stuart: that correct? gentlemen, drink. okay. ash? ashley: i'm now dead from diabetes. i give it a five. stuart: five on t