jonathan blake, oui’ thinking. thank you. jonathan blake, our political correspondent.residential and parliamentary elections in turkey. president erdogan is hoping for another five—year term in office. but he's facing a strong challenge in the presidential contest mainly from the centre—left, and in the parliamentary vote from a coalition of opposition parties. my colleague tim willcox explains turkey holds snap presidential and parliamentary elections today, brought forward by president erdogan. the elections were originally scheduled for november, 2019. if no candidate wins an outright majority in the first round of the presidential elections, a second round will be held on the 8th ofjuly. so who are the main presidential contenders? 0f ofjuly. so who are the main presidential contenders? of course president erdogan is running for a second time. he has been the dominant figure in the country's politics since 2002. he will seek five more years with beefed up powers approved in last year's referendum. that referendum changed tu rkey‘s referendum. that referendum change

jonathan blake, bbc news, westminster.inster. is this the beginning of a real shift, a rail changing immigration policy? it's clear sajid javid does wa nt to policy? it's clear sajid javid does want to recast the government's approach to immigration and move away from some of the more restrictive policies put in place when theresa may was home secretary, so obviously we have today's announcement, but only yesterday he unveiled a new visa scheme for entrepreneurs who wanted to come to britain and launch start—up companies. he's already pledged to look again at taking students out of the immigration figures, something mrs may has always resisted, and he's begun the process of starting to pick elements of her hostile environment immigration policy designed to impose numerous checks on immigrants to see whether they are here legally. and his thinking seems to be that there has to be a move to present a more global image of britain, particularly post—brexit, to show that we are an outward looking, confident country, looking to

thank you, jonathan blake, our political correspondent.ays. beautiful skies and sunshine. it really is hotting up. in the sunshine and the light winds we will see highs up to 27 degrees. further north we are in the 20s. a bit of a sea breeze and a bit cooler and cloudier around the east coast for a time for the largely dry and clear overnight into tomorrow morning with temperatures dipping down to single figures in the countryside. a fresh start to monday morning and another glorious day ahead tomorrow. a bit of cloud here and there. the sunshine somewhat hazy but it is looking dry and warm. a bit cooler with the sea breezes around the coast was in and we are expecting to see temperatures of 24 to 29. the warming trend continues

thank you, jonathan blake at westminster.ore chain house of fraser's plans to close more than half its stores, as part of a rescue deal. high street landlords were unhappy with the plan as they will have to shoulder the burden of financial losses, but they were outvoted. the retailer will now go ahead and shut 31 of its 59 shops nationwide and impose significant rent cuts on 10 others that it intends to keep. up to 6,000 jobs will go as a result of the closures. donald trump has further raised global trade tensions, by threatening to impose a 20% import tariff on all european cars coming into the united states. the warning was posted on twitter, shortly after retaliatory levies imposed by the eu on a number of american goods, came into effect. 0ur north america reporter anthony zurcher is in washington. when we first got hint of any levies at all we started talking about tit—for—tat and trade wars and here we are again. tit-for-tat and another tit—for—tat, it seems like the united states is willing to do some sabre rattling n

jonathan blake, bbc news, westminster. social care spending in england, that's according to the institute for fiscal studies. they estimate that a drop council in spending over recent years has led to one additional visit to accident and emergency for every ten people aged 65 and over. in the final part of our series looking at the difficulties faced by those needing care and those providing it, our social affairs correspondent alison holt has been to lancashire. accident and emergency is the front door of pressure for the health service, the place where more people are turning in a crisis. many are elderly. the doctor's got to give us the all—clear. and that has a knock—on effect on the whole hospital, as they know well at the royal blackburn in lancashire. here, they have an ambulance arriving on average every nine minutes. it's a sign of the sheer pressure the system is under. we are seeing a rise in the numbers, and a typical day across our emergency department and urgent care centres will see 550—600 people a day. the

jonathan blake, bbc news, westminster.at the luzhniki stadium in moscow. president vladimir putin is there — and robbie williams is performing. there will be 64 games during the month—long tournament, with 32 countries competing — and hosts russia will play saudi arabia in the first match. 0ur sports correspondent richard conway is at the stadium and sent this report. the rhythm of the world cup has arrived in moscow. fans from around the globe are here in their thousands, turning red square into a kaleidoscope of colour. the build—up to today's first game has presented many challenges for fifa, football's world governing body. but with kick—offjust hours away, organisers are confident of the impact the tournament will have. kicking off from the luzhniki stadium, from the beautiful luzhniki stadium. here in moscow, football will conquer the world. russia will start its campaign against saudi arabia tonight, with victory perhaps vital if the hosts are to stand any chance of progressing. tonight is a massive game for them, t

jonathan blake., following the huge fire which devastated the site on friday. fire crews spent a second night at the scene, tackling the final pockets of the blaze. it's the second fire there in four years. catriona renton has been at the scene and has been speaking to the emergency services there. you was see there is still very much a lot of activity happening here. still firefighting and —— still firefighting as they say. i'm currently the chief officer. tell us what is happening out. is that still burning in there? good morning. i would like to echo the words of the first minister. this is heartbreaking. there is such devastating and such an iconic building that we still very much are ina building that we still very much are in a firefighting face at this moment at a time. we have asked he was the main fire but there are still pockets. what crews are doing in atypical term are turning over and are damping downjust to make sure there is no possibility of the fire flaring up and affecting other ——

jonathan blake, bbc news, westminster.g a statement in the house of commons on the long—term plan for the nhs — let‘s listen in... we will also publish a long term workforce plan, recognising the camino transformation without the right number of staff in the right settings and with the right skills. this applies to both new and existing staff. as part of this we will consider a multi—funding plan for clinical training to support the same. we know that capital funding is critical for same. we know that capital funding is criticalfor building nhs services of the future and we will consider proposals from the nhs for a multi—year capital plan to support the transformation plans outlined in the transformation plans outlined in the long—term plan. given the national economic situation, yesterday‘s announcement is bold and ambitious. for the first time, national leaders of the nhs will develop a plan for the next decade which is clinically led, listens to the views of patience and the public and is backed by five years of core f

are to end up with a fudge, which will be a disaster for everyone. 0ur political correspondent jonathan blakerbus over brexit. some strong words from the health secretary in response to the warnings from airbus and bmw and siemens, the latest international company to warn about brexit and the implications of leaving without a deal. it is different to the language government ministers were using when airbus made that warning, they were striking a reassuring tone, saying we understand your concerns, but the best thing is if we get on with getting a good deal and the no—deal scenario has to be on the table, but we don‘t see it happening. what you saw from jeremy hunt was a stronger line and you heard him saying that we should stand firm, resist these siren voices saying it is inappropriate for businesses to be making warnings. airbus and siemens take a different view. they have voiced concerns in public. so it will be interesting to see what reaction the business leaders have to that. but it is a tricky time for the prime minister. because she heads into the next round of negotiations in brussel

dominic hughes, bbc news. 0ur political correspondent jonathan blake is with me — this raises a number the prime minister saying we can take the money spent on membership of the eu and spend it on membership of the eu and spend it on the nhs instead. it allows her to say promise kept and we've gone further. there are economists queueing up today to tell us the brexit dividend doesn't actually exist. they say if you look at the broad economic picture, as a result of brexit in the short term the government will have less money to spend. labour say this is wishful thinking. most conservative mps and easier strictly welcoming the announcement but one senior tory mp calling it tosh. theresa may clearly believes it is an argument she can make and when. step back from the arguments and what you have is a conservative prime minister saying we are going to increase spending on public services and we are going to put up taxes to pay for that. theresa may has admitted that that alone won't be enough to pay for this. the nhs is clearly such a high political price that theresa may is going against

jonathan blake.mbers this morning and we work out it is the biggest headcount reduction since 2001, which is significant because after 2001 and the terrible events of 9/11, demand for air travel plummeted, and big firms had to lay off staff, and this puts into contact off staff, and this puts into co nta ct how off staff, and this puts into contact how significant it is. rolls—royce in the uk employs 26,000 staff and there are 15,700 in derby, so staff and there are 15,700 in derby, so 4600 job cuts have been announced this morning, which is a pretty significant proportion of them. we really feel for those in derby waiting to hear the fate of their jobs. thank you. the un security council will meet for urgent talks called by the british government on the current situation in yemen. the saudi—led coalition has begun a major offensive on the port city of hudaydah currently held by rebels. aid agencies are concerned that the assault could lead to a humanitarian disaster. haiti has permanently banned the

hugh pym, bbc news. 0ur political correspondent, jonathan blake is in the newsroom.ate that has gone on to arrive at this. there had been months of negotiations between the treasury, number 10 downing street and nhs leaders about how much more money the nhs should get. the prime minister stated her intention to give the nhs a long—term funding plan, getting away from what she described as cached top ups every year. since then it's been a question of how much the treasury, wanting to keep it close to 2% with nhs leaders are giving it should be more like 4%. we have this figure of around 3.4% on average year—on—year that the nhs budget will increase. depending on who you talk to that is onlyjust about enough to stop the rot and prevent the nhs from going into further decline, or it's a real boost that will allow services to improve. 0ne important point to make is whatever the figures and whatever it is spent on, politically this is an acknowledgement from the government that improve the nhs and to make it into the service that people wanted to be, you will have two rai

anything like enough" and labour said the claim was ‘not credible‘. 0ur political correspondent, jonathan blakee to meet you. under pressure at work. her as well as them. the prime minister met staff in london this morning before delivering the news they had been waiting to hear, the government will put more money into the health service long term. more money is needed to keep pace with the growing pressures on the nhs. it is not just a the growing pressures on the nhs. it is notjust a question of more money this year or next, to deliver the world —class this year or next, to deliver the world—class care the nhs needs to plan for the future with ambition and confidence. theresa may has announced the nhs in england will getan announced the nhs in england will get an extra £20 billion a year by 2023 and over the next five years there will be an average increase in funding by 3.5%. where is the money coming from? remember this? the prime minister claims money saved by leaving the eu will in part, fund her casper to the nhs. that is made brexit supporters in her own party very happy. as the prime m

cameron and theresa may have been in charge has gone up to 2.3%. 0ur political correspondent jonathan blaketical argument has gone into arriving at this? a lot, particularly between the prime minister, the chancellor and the health secretary. there have been weeks and weeks of talks and negotiations which we are told went on late into the night on friday. they will finally resolved allowing the prime minister to make this announcement today. neither side you have the treasury arguing the increase in funding should be nearer 296 increase in funding should be nearer 2% the nhs budget and nhs leaders on the other arguing for something closer to 4%. we have this figure of 3.7% of the nhs budget increasing over five years. a lot of numbers are around this morning, a lot of figures. it's difficult to make sense of how much this amounts to. if you look back over the history of nhs funding as you just demonstrated, this is actually less than the nhs has received in terms of increased funding year and year on average since it came into existence. it is welcome news for nhs leaders who have been call

our political correspondent jonathan blake has this report on the day's events. can you really please prime minister? she is trying to keep everyone happy but how much much did theresa may promise and can she keep her word? jeremy corbyn accused the prime minister of reneging on a deal with heroin backbenchers on how much they parliament should have on a brexit deal with brussels. —— her own backbenchers. how much damage will the prime minister do to this country before she realises the important thing is to get a deal for the people of this country, not one to appease the giant clashing egos of her cabinet. not one to appease the giant clashing egos of her cabinetm not one to appease the giant clashing egos of her cabinet. it is the labour party in opposition who are trying to frustrate brexit. it is the labour party who are trying to stop us getting a deal for the british people. this will delete macro government will deliver an brexit. this government will deliver onjobs. this brexit. this government will deliver on jobs. this government will deliver a brexit for britain. the gover

earlier our political correspondent, jonathan blake told me where the extra £20 billion in funding forying into the eu budget as a member. that money she says will be able to be spent elsewhere after we leave the european union. straightaway econmists piling in today saying that the brexit dividend does not exist because the government has already accounted for a lot of the money. that it spends on membership of the eu paying into the budget every year and also if you look at the broader picture, the amount of money the government will have available to it in the short term at least as a result of brexit is smaller, not bigger because of falling tax revenues, economic growth and other factors. little detail from the prime minster. she has said that the brexit dividend arguments about that side would be enough. we would have to contribute more as a country. what she means by that is that taxes will have to go up. we don't know where people will feel the pinch, or which taxes and by how much. she also hasn't ruled out borrowing more. borrowing to fund day—to—day spending on public servic

cameron and theresa may have been in charge has gone up to 2.3%. 0ur political correspondent jonathan blakethere on where this 20 billion would come from? very little. the prime minister has said that in part it would be funded by what she calls the brexit dividend, the money that the brexit dividend, the money that the uk spends on the eu, paying into the uk spends on the eu, paying into the eu budget as a member. that money she says would be able to be spent elsewhere after we leave the european union. straightaway economists piling in today's saying hang on, the brexit dividend doesn't really exist, because the government has already accounted for a lot of the money that it spends on membership of the eu. and also if you look at the broader picture, the amount of money the government will have available to it in the short—term least as a result of brexit is a smaller polar not bigger, because of falling tax reve nu es bigger, because of falling tax revenues and slow economic growth and other factors. so, revenues and slow economic growth and otherfactors. so, very little detailfrom the p

our political correspondent jonathan blake is here. so sorry to do that to you!ney is coming from? no, there is very little, in fa ct, from? no, there is very little, in fact, if any, from? no, there is very little, in fact, ifany, beyond from? no, there is very little, in fact, if any, beyond what the prime minister has said that the brexit dividend as she puts it will go some way to paying for this increase in nhs spending. and in doing that she is able to say that the promise on the side of the bus that we all saw during the eu referendum campaign, the £350 million a week which would be better spent on the nhs rather than going to the eu, that that promise has been kept, and in fact she has gone further. but as you will have hurt in our reporting on bbc news, there are economists and others who are queueing up to say, hold on, the brexit dividend does not really exist. if you take a look at broader picture in terms of how much money the money government has got to spend, the payments to the eu budget have really already been accounted for in promises that the

we're joined now by our political correspondent jonathan blake. he political reaction been to this announcement? we are hearing about the brexit dividend, which makes it sound straightforward. but it surely cannot be as simple as that. straightforward. but it surely cannot be as simple as thatm straightforward. but it surely cannot be as simple as that. it is never as simple as you think and theresa may is presenting this as taking the money that britain spends on membership of the eu and putting that instead into the nhs after brexit. there are a few other factors that people will point out, not least that the government's own spending watchdog has calculated that tax revenue will fall as a result of brexit. 0verall that tax revenue will fall as a result of brexit. overall it will have less money to spend. 0ther factors including the strength of the pound being much weaker, meaning that it the pound being much weaker, meaning thatitis the pound being much weaker, meaning that it is and services brought in cost more. and the take—up has been lifted

we're joined now by our political correspondent jonathan blake. n, what has the political reaction been to this announcement? things in politics are rarely as simple as the politicians might like to point out. when the prime minister talks about the brexit dividend, that is something which people argue doesn't really exist. the uk will stop paying into the eu budget after we leave the eu, but that money may well be accounted for elsewhere if the government wants to keep funding sectors such as agriculture which get funding back from the eu as a result. there is also the rebate that the uk gets back every year as well from its contributions. and the government's own spending watchdog has said that tax revenues will fall overall as a result of brexit. the government has accepted that so we'll have less money to spend in general. nevertheless, that's the detail. it's the message that matters for the government and for the prime minister to clearly linked the money she apparently thinks the uk will save as a result of leaving the eu to nhs funding is a

let's talk to our political correspondent jonathan blake jonathan, the government is hoping they canlot of people may have been surprised that one mp can block this byjust shouting "object." this was a plan which has wide support in parliament, from mps on all sides. it had the backing of the government as well but it was stopped in its tracks by one man and one word. sir christopher chope shouting object as the bill was being read out in the house of commons and because this was a private members bill and that is a plan for a new law that can be put forward by any and —— any mp. most of them don't amount to anything, thatis of them don't amount to anything, that is all that is needed under the rules of parliamentary procedure to be thrown out and the criticism as you heard there of what he did started straightaway. lots of mps shouting shame. the cabinet minister david gauke saying he was disappointed and dawn butler calling it disgusting and nick boles describing his as a politician whose knuckles dragged along the ground. universal condemnation for what he did. he hasn't spoken in

. so far today, with our political correspondent jonathan blake. minister? she's trying to keep eve ryo ne minister? she's trying to keep everyone happy after drama yesterday there was more to come at prime minister's questions. chaos in the house of commons, the scottish national party leader at westminster was livid there was no time left to debate how devolved powers would work after brexit. the reality of the situation is that powers which are enshrined under the scotland act of 1998 are being grabbed back by this... ian blackford was thrown out after repeatedly challenging the speaker, his mps followed in protest. on the half of my colleagues, on the heart of the first minister and the government of scotla nd first minister and the government of scotland and the parliament of scotland, to stand up against the betrayal which is taken place of the scottish people with the unprecedented power grab that is taking place, we need to, we must and we will stand up. all of this the day after the government avoided defeat on a vote over how much of a sa

a little earlier i spoke to our political correspondent jonathan blake.ecretary was clearly at pains today to present this as a simple straightforward and user friendly system. he was the friendly face of the government. making things sound and appear as if they've would be very straightforward for eu nationals who are living in the uk, and want to stay here after brexit. you are the details there've in the piece, proving your identity, also where you live and that you have no criminal record. but also in the home secretary answer questions on this as well today, as you suggest, there is a very recent example of there is a very recent example of the government getting it wrong, in terms of how immigration is implemented and the impact that has on people lives, the windrush scandal seen people threatened with deportation and denied public services a ccess deportation and denied public services access to health care as a result of that policy be misinterpreted. but i think what you have here is on the face of it, a straightforward plan, and we will just hav

our political correspondent jonathan blake is in westminster for us this morning.o see negotiations going on right there and then the. how crucial is this and what about this deadline, which gets closer every day? yes, and the government has done what it needed to do, only for now. because it is a question, as you heard, of mps taking the prime minister's word for it over this key issue, as they see it, over what should happen if that clock ticks down to 29 march 2019 and there is no deal with brussels, when there is no deal with brussels, when the uk formerly lee's the eu, or there is a deal which comes back to there is a deal which comes back to the uk and mps vote against it. there are several conservative mps who think parliament should have more power to take control of the process and forced ministers back to negotiate with a to—do list to kick off. but the government does not wa nt off. but the government does not want its hands down in that way, and it is very keen to avoid defeat as we saw yesterday. so there is a period of time now, where ministers will l

our political correspondent jonathan blake is in westminster.raging words, but i suppose people compare that to the department's track records in terms of processing applications, not least of course when we think of windrush. yes, the home secretary was at pains today to present this asa simple was at pains today to present this as a simple straightforward and user—friendly system. a friendly face of the government making things sound and appear as if they will be very straightforward for the eu nationals who are living in the uk and want to stay here after brexit. you heard the details there in the piece, simply proving your identity, also where you live, and that you have no criminal record. but also, the home secretary answer questions on this as well today, as you suggest, there was a very recent example of the government getting it wrong in terms of how immigration policies is implemented and the impact that has on peoples lives. the windrush scandal seeing people threatened with deportation and denied public services and access to health

our political correspondent, jonathan blake, reports. let me introduce my team.with the growing pressures on the nhs. but it‘s not just a question of more money this year or next. to deliver the world—class care we all want and expect, the nhs needs to be able to plan for the future with ambition and confidence. theresa may has announced the nhs in england will get an extra £20 billion a year by 2023. over the next five years there will be an average increase in funding of 3.4%. so where is the money coming from? remember this? the prime minister claims money saved by leaving the eu will in part fund her cash boost for the nhs. that‘s made brexit supporters in her own party very happy. as the prime minister has rightly said, it is a downpayment on future receipts that will come into this country as a result of discontinuing payments to brussels. but critics say in the short term, there will be less to spend after brexit, not more. some in theresa may‘s own party say talk of a brexit dividend is misleading. the government are deciding to bring back this referendum

here's our political correspondent, jonathan blake.rs on from that vote to leave the european union, the big three brexiteers in cabinet are sounding, unsurprisingly, optimistic about the uk's future outside the eu. that's despite the warnings we heard yesterday from bmw and airbus about the uncertainty they say it is creating. in an interview recorded with the bbc earlier this week, doctor liam fox, the international trade secretary, said that the prime minister was not bluffing when she talked about the possibility of walking away from the negotiations without a deal. the prime minister has always said that nothing is agreed until everything is agreed and that no deal would be better than a bad deal. and i think it is essential, as we enter the next phase of the negotiations, that the european union understands that and believes it. i think it has added credibility, because if we were to leave, the economic impact on a number of european countries would be severe. the brexit secretary, david davis, has said there will be scary times

let's talk to our political correspondent, jonathan blake. good morning. it's a bit confusing.ut this yesterday morning, talking to nmb you had been supporting it, —— talking to an mp who had been supporting it. they didn't seem to be any voices against it at that moment. that's right. it had support on all sides of the house and had the backing of the government. but it only took one man and one word to stop it in its tracks. sir christopher chope shouted object as the bill was being read out. because it was a private members bill it is something any mp can put forward and that is all it ta kes to can put forward and that is all it takes to effectively get thrown out. it will come back to parliament later. but it didn't stop mps on all sides, particularly the conservatives, voicing their reaction to christopher chope. many shouting shame. nick bowles said he was a politician whose knuckles dragged along the ground. as to why he did this, well, he hasn't spoken in public but he told one of the campaign is involved in getting this bill to parliament that he wasn't objecting to t

let's talk to our political correspondent jonathan blake. there is some confusion.iew on this it felt like this would be passed through no problem because it had lots of support. that is what everybody was expecting. it had backing of the government and support from all sides. but it only took one man and one word to stop it in its tracks. because this was a private members bill, a proposed new law which can be put forward by any mp at any time, some of them get a hearing in parliament. a lot of them don't amount to anything. but this one was expected to pass. this is always a danger in this procedure. 0ne expected to pass. this is always a danger in this procedure. one person shouting object is all it needs to get it thrown out. but the action was swift and strong. lots of mps shouting shame. looks on twitter expressing everything from disappointment are discussed. why did christopher chope do it? he hasn't spoken publicly. but he said that he didn't object to the substance of the bill, in fact he didn't really know what upskirting was, it was more the fact it wasn

jonathan blake, bbc news, westminster. by dr likely consequences are because we are joined by dr chaand likely consequences are because we arejoined by dr chaand nagpaul, chair of the british medical association council. thank you for joining us. how would you regard this, if someone said this is common sense what would you say? this is common—sense. it is putting patients above arbitrate ideological caps and we know the public have not supported this. what is important is this is an important first step which is good for patients because they have suffered and continued to suffer in a service where there are not enough doctors and nurses and they have to wait far too long, they don't have treatment in a prompt manner. service is an important first step. we hope that this will... first step. we hope that this will. .. the legislation first step. we hope that this will... the legislation will come through tomorrow morning, so we hope this will be implemented rapidly because there is a pressure and crisis as we speak. there

our political correspondent jonathan blake is in westminster jonathan, in the last few minutes the shadow parapet. that is the concern, that others follow? airbus are saying today in public what they have been saying in private to ministers for some time. they are clearly a huge player in uk manufacturing who support thousands upon thousands of jobs in the uk. they have weighed into the debate over bracks today. and it has had a huge impact. it has emboldened those who say that the prime minister has the wrong strategy. it should be the aim, they say, to stay in a customs union with the european union and also that no deal should not be an option. we have heard from all quarters criticism of the government today. a reaction to what airbus has said. the liberal democrat leader sir vince cable described it as the oh my god moment where you realise something really is happening. the first minister of scotland, nicola sturgeon, described it as the tip of the iceberg and a wake—up call. the welsh first minister using similar line which. it isa it is a wake—up call. airbus have been saying this

to the lords and commons this week, with more rebellions expected. 0ur political correspondent jonathan blakelike we see this every week, this is an important week, tell us why. it is, honest. there is a big row going on still at westminster about the eu withdrawal deal, which deals with how exactly and when the uk will leave the eu. 0ne and when the uk will leave the eu. one particular part of it which has proved very contentious, that is how much of the state parliament will haveif much of the state parliament will have if the government cannot reach a deal with european negotiators in brussels. there are a group of conservative mps who want parliament to have a proper sake in that scenario and they have tried to amend the bill so that that is the case. adil watson —— a deal wasn't reached with the government last week, it is back in the house of lords today, another amendment is being voted on the. faq it's true, it will be back in the house of commons on wednesday and the prime minister were once again be finding herself to keep both those for brexit and those who want to keep close ties

blake, thank you very much. melissa: let's bring in today's market panel, jonathan honic of the capitalistpig hedge fund and todd horowitz of the bubba show, he is the host. jonathan, start with you, tell me about the trade. >> an ugly day, you can't deny it. for months now we've seen more new highs than lose. today you saw 160 new lows, only about 100 new highs, and most worrisome to me are the illiquid names, the junk bonds, leverage loans, the emerging markets. long-term bets seem to be weakening. we should have ended higher on the news from the president. the fact we ended lower gives one caution moving into the weekend and the rest of the week. melissa: todd, your take on that? >> well, i think the markets are weak, the key to watch today was the weakness in the russell and the nasdaq. those were the two indexes that carried us through the rallies the last couple of weeks and they were weak today and when the dow is the strongest of all the indexes, that's a negative sign, i think we've got rough times ahead because i don't think to them the tariffs or any of, that i think the markets are about ready to sta

stuart: blake, stay there, please, we need a lot more from you on this because it's such a big story. i want to get to the markets real fast, come on in jonathan5 points, and we've got all this talk about trade tension, trade hostilities. doesn't seem to be working as a big negative for the market. what say you? >> not yet, stuart, but i tell you, it kind of depends on, i don't know, what mood the president is when he sits down with all these leaders. you can't underestimate how big this summit is because of the arbitrary nature of it. often times it seems like the president's ideas on specific tariffs -- and let's not kid ourselves, tariffs are taxes on americans. we've got to get by that. but the very arbitrary nature of them, every day could be this, could be that, i think that puts a lot of fear in investors and one of the reasons why the bull market in many stocks has all but stalled out. stuart: hardly reversed. if they're that worried, i don't see a great deal of selling at this point, jonathan. >> look, it's a bull market, we're seeing new highs in all the major indices, but i don't think you can discount the potential for -- say, you