kim gittleson, bbc news, new york. that is the business briefing.have been flocking to parks and public spaces to enjoy the sunshine. but after the sun sets what can be left behind for councils to clear up is mounds of rubbish. graham satchell reports. 630 in the morning, hackney in east london. the park thing is out early, cleaning up. —— 6:30 a.m.. london. the park thing is out early, cleaning up. -- 6:30 a.m.. it is ha rd to cleaning up. -- 6:30 a.m.. it is hard to speculate on why people think it is acceptable to leave their rubbish where they are, but they have to play a role as well and people to understand that it is an additional cost, we can elect up to two tons of rubbish. local authorities to have the power to issue on the spot fines to people who litter. but hearing hackney they say what is really needed is more education to show people it is socially and environmentally unacceptable. we carried out a recent survey unacceptable. we carried out a recent survey on unacceptable. we carried out a recent survey on careful littering. lizzie is

kim gittleson, for us, there. stay with us on bbc news.anniversary of the battle that helped end the great war, at amiens. the question was whether we want to save our people, and japanese as well, and win the war or taking a chance to win the war by killing all our young men. the invasion began at 2am this morning. mr bush, like most other people, was clearly caught by surprise. we call for the immediate and unconditional withdrawal of all the iraqi forces. 100 years old and still full of vigor, vitality and enjoyment of life. no other king or queen in british history has lived so long, and the queen mother is said to be quietly very pleased indeed that she's achieved this landmark anniversary. this is a pivotal moment for the church as an international movement. the question now is whether the american vote will lead to a split in the anglican community. this is bbc news. the latest headlines: firefighters in california continue to battle the biggest blaze ever to hit the state, and it could be burning for weeks. let's stay with that sto

kim gittleson explains what's behind mr musk‘s desire to take the carmaker out of public investors‘ handslong been one of the most of that against companies are wall street. that has been a source of frustration for elon musk, who says the so—called short sellers have distracted tesla from its production targets. that is why he says he wa nts to ta ke targets. that is why he says he wants to take the electric car maker private. but his suggested purchase price, which puts the business north of $80 billion, has raised eyebrows, especially because tesla has not yet raised a profit. but elon musk says he has got the funding, and if it is approved, he would transform tesla into something like elon musk. elon musk said in a blog post announcing his intention is that he didn't think that tesla would be for ever in public markets. he said once it hit a period of sustained steady growth he would consider returning to the bulls and bears are wall street. —— would be forever other public markets. the social media firm snap beat analyst revenue forecasts as it drew in more international and small bu

our reporter kim gittleson has been following the talks and says the mood is optimistic.e key sticking points, in particular how disputes will be resolved in the future if this deal is rewritten. that is one of the key things for the canadians, as well is very combat—ready regarding canadian dairy farmers and allowing foreign dairy farmers and allowing foreign dairy into the canadian market. both sides have said they are optimistic that they will be able to reach some sort of agreement, at least in principle, come friday. and that is really important, because they are up really important, because they are up againsta really important, because they are up against a ticking clock right now. rebecca harding is an economist specialising in trade, she's also ceo of coriolis technologies, which provides data to the trade finance industry. canada seems to have been bumped into this. do we think a deal will materialise or not? canada has been bombed into this. canada is in a situation where it is suddenly having to take roles in a way that it has not had to before. —— bumped. i t

the bbc‘s kim gittleson went to take a closer look. the all new galaxy note9!big bet on its biggest smartphone yet. the note9, packed with extra features the company is hoping that the so—called halo model will hope revitalise sales of all of its smartphones, after it it lost market share to rivals apple and huawei. samsung is betting that customers will shell out for what it calls a supercomputer in your pocket. the basic note9 will cost $1,000, with the extra—memory model costing $1,250, making this the most expensive smartphone on the market. so what do you get for the hefty pricetag ? so we've beefed up the battery on the device, so that for the first time ever we've got a 4,000 milliamp battery. it can last you all day. all day, 2a hours? what else do you get? plenty more. we have double the memory on the device. the note9 also has a bluetooth stylus that allows you to take pictures remotely — perfect for the selfie addicts. but will these features be enough, particularly in a stagnant smartphone market with more competition than ever before? well, the sma

kim gittleson in new york has more on the reaction there.rivers here in new york city has hailed it as a victory. the price of a new york city medallion has precipitously plummeted since the likes of uber and lyft came to new york city. it used to be something like $1 million and now it is $200,000, so then this cap is good news, but for the likes of uberand cap is good news, but for the likes of uber and lyft, the risk is that this could spread to other cities around the globe, and that could seriously harm their businesses, particularly at a time when both uberand particularly at a time when both uber and lyft have said they are considering making their public stock market debuts. this could hamper their ability to expand, and new york city is their biggest us city in terms of market, so i think this is something that both companies and other companies here, there is another one called via, they will be fighting this for time to come. they might not have as much political wiggle room as they would like going forward. kim gittleson. crucial

and kim gittleson has the details of what's ahead on wall street today.tailer. first we'll get a bit of economic data in the form of july retail sales. most analysts are expecting that us consumers continued to spend on clothing and other goods, increasing the amount that they've shelled out for those goods by 0.1% in the month ofjuly. then we'll get second—quarter earnings from the us department store chain macy's. investors are hoping the chain has figured out how to once—more attract american consumers into its physical stores and that could help the company boost its profitability. joining us is trevor greetham, head of multi—asset at royal london asset management. good to see you again, it feels like turkey week in a way, it's been a bad week so far but yesterday things we re bad week so far but yesterday things were picking up again and yet we've seen the asian markets, not particularly happy, what do you think is the prospect? there is a stand—off here, the trigger for the big drop in the lira last friday was the doubling of steel tariffs by trump

and kim gittleson has the details of what's ahead on wall street today.all about american retailing. we'll be getting earnings from walmart, the world's biggest retailer, and we're expecting the company to show that sales increased. we'll also get earnings from macy's and jc penney. now, both department stores have struggled recently to attract american consumers into their physical stores. investors will be curious to see if either company has managed to fix their sluggish sales. then we'll also get a bit of economic data — for retail sales in july. there, we are expecting to see an increase of 0.1%. the question is where americans are spending their retail dollars and, of course, what that means for brick and mortar stores across the united states. joining us is supriya menon, senior multi asset strategist at pictet asset management. we have been seeing the problems with the lira, let's look at other currencies, particularly the pound. yeah, we have seen the pound tumble lower against the dollar, a little less about the euro, but still weaker, and there

. —— kim gittleson looks ahead to wall street today and what could be a big day for the s&p. 500 is set to hit a milestone. the longest bull market in history. what is a bull market? no formal definition, but it is widely accepted to be when a market rises 20% from a trough. the opposite is a bear market, which is a 20% fall from the peak. and as of wednesday, the snp 500 will have been rising for 3553 days, the longest of the. —— since the dot—com boom of the 1990s. expect a future years and quibbling about definitions on the us stopped today. hope you are paying attention, there will bea you are paying attention, there will be a test tomorrow! laughter we know all about the numbers, what do you make of this strong bull run. 0ne, as explained there, going on quite a while. it is amazing, re ce ntly quite a while. it is amazing, recently driven by the tax—free form in the us, but good, strong growth numbers, and yesterday, hints that maybe us and chinese officials will start talking to agree some kind of end to the possible sanctions that are going on, that is what has pushed

our business reporter kim gittleson has more from new york. a surprising development in the endless saga of tesla and whether it can hit its production targets and turn a profit. now elon musk is saying that he believes because so many investors are betting against tesla's stocks, that has created a hostile environment of the country —— company and that is why he thinks taking it private would be better for tesla's future. for that price, $420 per share would give the company a value of $82 billion, a significant premium of what it is trading at on the nasdaq and it would be one of the biggest player in us history. i want to mention that shares in tesla resumed trading for the last 15 minutes here and closed up 2/ii trading for the last 15 minutes here and closed up 2/11 and on these developments. he is not alone in saying that wall street focuses on quarterly results and put pressure on companies to focus on the short term and not long—term, elon musk said on twitter that he has secured investor backing and in a blog post, he said while no de

kim gittleson was at the launch in new york. the all new galaxy note9!he note9. the company is hoping this so—called halo model will help revitalise sales of all its smartphones after it lost market share to rivals. samsung is betting that customers will shell out for what is called a supercomputer in your pocket. the basic note9 will cost $1000, with the extra memory model costing $1250. this makes it the most expensive smartphone on the market. what do you get for hefty price tag? for the first time ever we have got a better battery on a smartphone. it will last you all day. what else do you got? we have got plenty more. this year we have doubled the memory on the device. it also has a bluetooth on the device. it also has a blu etooth stylus on the device. it also has a bluetooth stylus that allows you to check pictures remotely, perfect for the selfie addicts. will these features be enough in a stagnant smartphone market with more competition than ever before? the smartphone market is increasingly becoming difficulty. we are in a saturated state of th

and kim gittleson has the details of what's ahead on wall street today.looking to see if there is any reaction on wall street to president donald trump's decision to once more criticise america's central bank. in an interview with reuters released late on monday, president donald trump said that he was not thrilled the chair of the federal reserve] powell for his decision to increase interest rates and he added that he thought he should be given some help by the fed. these are the second such critical comments the president has made this summer regarding america's central bank which is politically independent. any political interference in central banking is often seen as taboo. yet president donald trump has remained firm in his decision to criticise the fed for its policy on increasing interest rates as the us economy continues to grow. that could be worrying to some on wall street. simon derrick, chief markets strategist, bank of new york mellon. talking about the issue you are talking to us about in the green room, donald trump has been criticising th

and an update from the fed — as kim gittleson can explain from new york.ill conclude its two day policy meeting. most observers are expecting the federal bank will keep the target interest rate at somewhere between 1.75 and 2%. the key question is what america's central bank will have to say about the possible economic impact of president donald trump's trade war. after markets close, tesla will report earnings. elon musk has promised it will be the last quarter in which the company is unprofitable. if it seems like tesla is not on track to turn a profit by the second half of this year, that could make wall street anxious. already, tesla's stock is the most bet against stock on wall street. jeremy stretch, head of currency strategy at cibc world markets good morning. nice to see you. really busy week. indeed it is. we have already heard the bank of japan today, the bank of england tomorrow. we also have a mass of forward—looking economic data. also, we get numbers in a similar vein in europe, but also particularly in the us. from the fed, as kim said, no s

and kim gittleson has the details of what's ahead on wall street today. mull over the plethora of trade news that has come out of the united states this week. in addition to suggestions that the us, canada and mexico might finally be coming to at least a preliminary agreement when it comes to the renegotiation of the north american free trade agreement, there have also been developments when it comes to china and the european union. on thursday, we saw that the eu said it would consider scrapping import tariffs on vehicles if the us did the same. and we also saw a report from bloomberg suggesting that the trump administration was continuing ahead with plans to impose tariffs on nearly $200 billion worth of chinese imports sometime in september. all of this will weigh on investors as the week comes to a close. joining us is justin urquhart—stewart, director of seven investment management so the american market is doing very well in the last few days off the back of the bilateral with mexico, will it go further with canada on board as well? i think they pro

kim gittleson is in new york. mind—boggling figures.will be subject to tariffs come august 23. we have been talking about this for some time. the us said many weeks ago it was planning on imposing 25% import tariffs and $500 billion worth of chinese imports. the delay was trying to figure out the list of items in at $16 billion tariff that would be subject to these tariffs so the us published that earlier this week and now china has retaliated with a list of its own. when it comes to the chinese, the imports that the chinese, the imports that the chinese government is planning on taxing from the united states include things like cars, buses, and the us, things like steam turbine, so big, heavy machinery. consumer goods might show. customers what ta riffs goods might show. customers what tariffs could do to their pockets, but there are billions of dollars of chinese imports the us is considering slapping tariffs on. we are expecting to hear about that later in august so they would go into effect until the end of september at the earliest

kim gittleson has more on her legacy.0. she is standing out for her strong leadership. while she is focused on returning money to shareholders shields wants to plan for the company‘s long—term future and that meant diversifying away from the sugary soft drinks pepsi is known for. she invested in healthier snacks and beverages in the hopes of attracting a new generation of consumers to the company. i think most observers would say she did a stellar job at the most observers would say she did a stellarjob at the head of pepsi and they are curious to see what she does next. the boss of british airways has complained that two hour queues were becoming the norm for passengers arriving at london‘s heathrow airport. our transport correspondent victoria fritz explains why this is happening. we have the perfect storm. this is europe is back busiest airport and the world‘s second busiest airport at this time of year we have business groups coming through, lots of groups coming through, children with families and it slows the whole

it's just released its earnings for the last quarter, business correspondent kim gittleson has them and is the company on track to follow through on that promise of profitability? the results came out ten minutes ago, i poured to the numbers and tesla reported once more a loss this quarterfrom them on its of april and june. losing $742 million. but elon musk says he still thinks the company is on track to be profitable by the end of this year. that's because he said the tesla finally hit its production targets for its model s vehicle, saying it finally was hitting —— model three, saying it was hitting 5000 vehicles a week, that was the target date set for the model three. he said they achieve that at the end ofjune intojuly, giving him confidence that the company might finally slow the rate at which it's going through cash, which has been a big area of concern for investors. but i want to say so far, it is unclear if investors really buy this earnings report. the shares have been quite tumultuous and after—hours trading since that out —— earnings were released. the key thing will be wha

0ur north american business correspondent kim gittleson explains what's behind the winning streak. 0nis because the index of america's leading companies are set to hit a milestone, the longest market in history. that mike bull market in history. that mike bull market in history. what is a bull market? it is when a market rises 20% from a trough. the opposite being a bad market which is a 20% fall from a peak. —— a bear market. it will have been rising for 3553 days, the longest of the boom in the 1990s. that is why we will expect a future yea rs that is why we will expect a future years and quibbling about definitions in the new york stock exchange today. hope you're paying attention, there is a test tomorrow. and on to scottish oil, £13 billion more was spent and raised in 2017— ageing because income from north sea oil group. that of course represents nearly 8% of everything scotland dials, its entire gdp. down slightly from the near 9% in the previous year. first minister nicola sturgeon said it showed scotland was on the right trajectory. coffee prices have fallen to the lowest lev

that will block terms like human rights and religion let‘s go straight to our reporter in the us, kim gittlesonr. those tariffs of 10% have not yet come in on those goods. they are due to come towards the end of the summer when consultation with the us public. however, he is now threatening to increase the tariff to 25%. he is having a trade war issue with china. we will wait and see what reaction beijing has two that. politically this announcement from google, because at the moment social media companies are under a lot of pressure. to get into different markets. and china is the worlds second largest economy so to get back into china google would wa nt to get back into china google would want to do this. but they are very much a company that pulled out of china in 2010 in a bid to stop limitation of free speech. so there will be some concerns from activists. why would they do this? i be going to prioritise money over human rights? over free be going to prioritise money over human rights? overfree speech? as i say, these are just reports from an online newspaper. google are saying they are not

joining us now is our north america business correspondent kim gittleson.ation. so far the turkish central bank has not done what most banks would do, which is to increase interest rates. as a result the fact the central bank said it will increase liquidity does not go far enough to make investors feel calm about the bank's ability to intervene ina about the bank's ability to intervene in a dramatic currency crisis. the turkish lira hit record lows on friday, it is still near those lows today, as a result of political tension with the united states and the global environment and investors don't think the central bank will do anything significantly to combat it. so we are seeing the declines in the currency. sometimes we use the word contagion. could this spread beyond turkey? yes, one of the interesting things about turkey is it has a significant amount of debt for companies and for its government denominated in foreign currency, so that makes it more expensive to repay. we that makes it more expensive to re pay. we have that makes it more expensive to repa

joining me now is our north america business correspondent, kim gittleson.regarding the embattled chinese smartphone manufacturer as well as one way. both were targeted in original draft of the bill, the final bill did go as —— not go as far as some members wanted, they wa nted far as some members wanted, they wanted that band reinstituted. that did not happen in this particular bill partly under the urging of president donald trump but there is a second thing in the bill which has to do with the policing of foreign investment in us firms, it's this little committee called the committee on foreign investment in the united states, and this committee has been given broader powers to investigate foreign companies that want to invest in american firms and what their interests are and whether or not these investments could be a threat to us national security. do we think this watering down when it comes to chinese companies is the sign of a more conciliatory approach in the way washington is looking at beijing? i think it's quite interesting. you have not seen th

kim gittleson, joins us now. to the chinese imports, the us plans to put 20% tariffs. the earliest they could come into effect is mid—september, which suggests there is still wiggle room for negotiations to continue, although it seems like as you mention, the war of words is heating up. this was a rare review from china‘s communist party directly targeting president donald trump instead of genuinely —— generally referring to us policy, suggesting they have perhaps lost faith in the president. a lot of these still threatens tariffs and they have not gone into a bet yet and many here on wall street hoped there could be negotiations that continue through august preventing this trade war from happening. i do want to ask you about indra nooyi, the head of pepsi. a trailblazerfor about indra nooyi, the head of pepsi. a trailblazer for women amongst the biggest companies in the united states. what you feel her legacy will be? you know, she had an amazing run, 12 yea rs you know, she had an amazing run, 12 years at the h