thank you for your time, laith. good getting to see it now. thank you for yourtime, laith.'re watching business live — our top story... take—off for a third runway at heathrow. london's biggest airport is set to get the go—ahead today after years of controversy, protests and delays. it is expected to get the green lights today. a quick look at how markets are faring... not a huge amount, but rbs on the back of that shares sale by the uk government off—loading part of its sta ke government off—loading part of its stake in the bag, down 3.4% so far this morning, which will drag down the wider ftse 100. here in the uk we're renowned for our love of the good old "cuppa". and despite coffee's popularity tea still has a special place in the nation's heart. certainly in the uk, but in many parts around the world. now one of world's leading tea brands is brewing its brand in europe by launching in the uk. twg is based in singapore — and operates in 42 countries . it prides itself on providing a wide range of teas — and sells 800 varieties. i have worked my way through about three!

tylenol® ♪ [ cheers and applause ] >> jimmy: my thanks to heidi klum, laith stanfield, taylor tomlinsonr "late night with seth meyers." thank you for watching. have a great weekend, hope to see you next week. bye-bye, everydy. [ cheers and applause ] ♪ ♪ [ cheers and applause ] ♪ >> announcer: from 30 rockefeller plaza in new york, it's "late night with seth meyers." tonight -- ed helms, from "the crown," actress vanessa kirby, star of "nanette," comedian hannah gadsby, featuring the 8g band with brian fraiser-moore. ♪ [ cheers and applause ] ladies and gentlemen, setheyers. >> seth: good evening, i'm seth meyers. this is "late night." how is everybody doinght? [ cheers and applause ] that's fantastic to hear. that's great. in that case, let's get to the news. today is president t 72nd birthday. and when she heard that, melania disappeared again. [ light laughter ]

if so my economists agree this is negative for economic growth and it does appear to only be eska laithre and it's not just with it's with our biggestrading partners like canada and like the eurozone why does the investors -- why do investors seem to be brushing it off?some might be surprised to n and see a 200-point rally and such a good mood on wall street given what we saw over the weekend. >>h, well, we wouldn't argue that investors are brushing it off. equities have been volatile, range bound for most of the year we expect it to stay that way. and i think it's easy when you look at some of these individual tradlicts and the section 301 tariffs we think maybe only shave 0.1 off of growth. the steel and aluminum tariffs, another 0.1. the higher gas prices. the probm is when you start adding it together, it adds up in a meaful way. fiscal policy has 0.5 growth you add up all these 1 on 1 situations the folks talking about them individuallythey don't make a dt add them up. now the point where we think u.s. public policy is not necessarily xertsi iexerting a influence and it's not going

joining us now is laith khalaf, senior analyst, hargreaves lansdown. hello there. a whole host of retailers. i thinkjohn lewis is obviously quite significant because it is one of the strongest players in the market. and the fact that it is now saying it is having to downgrade its profits shows just how tough things are. white mark it is —— profits shows just how tough things are. white mark it is -- it is a bit ofa are. white mark it is -- it is a bit of a bellwether. until nowjohn lewis has weathered the storm. it is interesting that it is closing waitrose. five stores. it‘s in a luxury higher end. but it is trying to... it is caught in the middle do you think? the food industry is obviously very competitive at the moment. we have had the discounters coming in, which has driven prices down. waitrose is operating in a different segment but there is competitive pressure. that has been exasperated by the weaker exchange rate. waitrose‘s profits fell by a third last year. it was a difficult year last year. this year, looking a bit better. john lewis saying that they a

let's start there with laith khalaf, senior analyst at hargreaves la nsdown, so is sterling strong or rise. what's changed in the interim, the shock 0.1% growth in uk gdp in the first quarter. that has knocked back expectations in the uk and the currency as well. let's talk about disney increasing their bid for fox. this is a really big battle brewing between these two media giants. disney now coming back with a cash or stock offer. that's important because the murdoch family own about 17% of fox. a pure cash offer might meana 17% of fox. a pure cash offer might mean a capital gains tax problem. if you look at fox's share price, its trading at about $10 above what disney have offered for the company. so the market thinks there is another bid coming from comcast and will come in over the top again. shareholders are hoping for a happy endings. ocado, how are investors feeling about them ? they have had a rough ride in the market. they were a favourite of short sellers. they are starting to be gained value. how are investors feeling? tell until fairly recently it was a binary company tha