lloyds bank is that it isa libelagain, message from lloyds bank is that it is a libel again, but itfficult road to recovery. —— reliable. a new study suggests the idea that people can be fat but medically fit, is a myth. as we've been hearing, thejustice department has announced that the former fbi director robert mueller will be the special prosecutor of an investigation of "russian government efforts to influence the 2016 presidential election, and related matters. " 0ur correspondent laura bicker is in washington for us. what is the significant of robert getting thisjob? what is the significant of robert getting this job? a special prosecutor will still be answerable to the department ofjustice, but he will have more economy. the scope of the investigation into whether or not russia colluded with the donald trump campaign and helped him win, that will be one of the key allegations that the special prosecutor will be looking at. the man in charge of this is robert mueller, a former fbi director, serving for 12 years president 0bama and president bush. this may also go some way to

banking. some of the biggest names go cap in hand to the government... lloyds. crisis in 2008. we must in an uncertain and unstable world be the rock of stability... it had its own bad loans, then it took over halifax bank of scotland or hbos, which was much worse affected. banks were bailed out by the taxpayer. now lloyds is back in the black and out on its own. the government sold the last shares in lloyds banking group and it is a moment of huge pride for all the colleagues at lloyds bank, for customers. we gave taxpayers money back. the government pumped in more than £20 billion, taking a 43% stake. the proceeds of selling lloyds shares, plus other pay—outs, have raised more than that, leaving a return of nearly 900 million. it has been a difficult recovery. complaints stacking up about ppi mis—selling resulted in billions in compensation having to be paid. and the original shareholders in lloyds suffered a significant loss. from a share price of over £3, to around 70p today, that is a big hit to valuation. and probably you were looking at a pretty permanent

lloyds is back in private hands after the uk government sold its final stake in the bank. ght of the financial crisis, the government ploughed $25 billion into lloyds and owned a 43% share. the boss of lloyds told the bbc the bank is now "one of the strongest in the world". the government still owns 73% of rbs which was also bailed out following the financial crisis. twitter co—founder biz stone says he will rejoin the social media company in the next few weeks after fellow co—founder jack dorsey was brought back as chief executive in 2015. mr dorsey has been trying to revive twitter which says it has more than 300 million monthly users, but still struggles to make a profit. a pair of diamond earrings has been sold for a record price at an auction in switzerland. the flawless pear—shaped diamonds — one pink, the other blue — fetched a combined price of $57.4 million. the pear—shaped jewels, nicknamed apollo and artemis, are almost 16 carats each. reports say the earrings were bought by an anonymous buyer. it was you that bid for them. it was you that bid for themlj it was y

banking. some of the biggest names go cap in hand to the government... lloyds. ck of stability... it had its own bad loans, then it took over halifax bank of scotland or hbos, which was much worse affected. banks were bailed out by the taxpayer. now lloyds is back in the black and out on its own. the government sold the last shares in lloyds banking group and it is a moment of huge pride for all the colleagues at lloyds bank, for customers. we gave taxpayers money back. the government pumped in more than £20 billion, taking a 43% sta ke. the proceeds of selling lloyds shares, plus other pay—outs, have raised more than that, leaving a return of nearly 900 million. it has been a difficult recovery. complaints stacking up about ppi mis—selling resulted in billions compensation having to be paid. and the original shareholders in lloyds suffered a significant loss. from a share price of over £3, to around 70p today, that is a big hit to valuation. and probably looking at a pretty permanent loss of capital. lloyds has been pared down, losing hundreds of branches rebran

lloyds is back in private hands after the uk government sold its final stake in the bank. e bank is now "one of the strongest in the world". it‘s in sharp contrast to rbs which is still 73% owned by the taxpayer. it too was bailed out during the financial crisis. a pair of diamond earrings has been sold for a record price at an auction in switzerland. the flawless pear—shaped diamonds — one pink, the other blue — fetched a combined price of $57.4 million. the gems, nicknamed apollo and artemis, are almost 16 carats each. the buyer has chosen to stay anonymous. the government has sold its remaining shares in lloyds banking group, eight years after putting £20 billion into the bank. at the height of the financial crisis, in 2008, taxpayers owned 43% of the bank — earlier today it said the government will see a return of £21.2bn on its investment. its return to the private sector is in stark contrast with the other bailed—out bank — royal bank of scotland — that is still 73% owned by taxpayers. our business editor simonjack has been talking to the boss of lloyds. it isa it is

lloyds on that occasion. we took our last properly functioning bank and stuffed into it a bank that was not functioning and thate same time. this is gordon brown and the lloyds management, trying to get a deal done over mortgages and some very murky stuff done indeed. we have had to bear the cost of it. technically, there is now $500 million —— £500 million worth of profits. it could have been better. the swedish model, they say go away, shut up. when we do bring them to market, this is going to be profitable. but lloyds has managed to get back on track. what about the royal bank of scotland? you have still got restructuring in the united states. ancient computer systems. frankly, it's not a proper functioning bank. we are all we are. they should have opened ten years ago. look at these enormous wind turbines. 'yuge', as donald trump would say. have you flown over the irish sea recently? from liverpool to dublin. you'll go across this forest of turbines. it is huge. guess it is going to be 20, 30, 40. this is on a different scale altogether. you can guarantee there is going to be no wind this winter. justin, th

uk government offloaded its remaining share in the bank. lloydsut following the 2008 financial crisis. and finally, as seen in the guardian, the planet's biggest and most powerful wind turbines have begun to generate electricity off the coast of liverpool. each structure is almost 200 meters high, which is taller than the pyramids of giza. with me isjustin urquhart stewart who's director of seven investment management. good morning. we see this every day. let us start with trump. and i don't mean that in a good way. every day, there is a new league. it is a soap opera. it is wonderful. this one is interesting because now, they are asking for all the

banks should do. it is true, six years ago, lloyd's was number three out of the five u.k. ost to income ratio. now, we have 47% cost to income ratio, the best in the market, and we use that different everyday relentlessly to have the required return for shareholders, which also enabled us to give taxpayers money back and some more. guy: congratulations. thank you very much indeed. we look to what happens next with a great deal of interest. thank you for coming to us this morning, antonio horta-osorio. big day. massive day. let us get the bloomberg first word news update. here is juliette saly. juliette: u.s. president donald trump asked fbi director james comey to drop an investigation into former national security adviser michael flynn. that is according to a person who was given a copy of a memo that.ng it introduces the possibility that the president may have obstructed justice, an impeachable offense. the white house is considering an expansion of a ban on laptops in airliner cabins. identifyan declined to the other areas. did, the european union pressed the u.s. to ref

business headlines are the british government has sold the last of its remaining stake in the lloyds banking group. altogether, the state made a profit from the sale of some 900 million pounds or over one billion euros for the taxpayer. struck a deal with universal to stream its music on it platform. it allows tencent to license its music in china. already has 600 million users of its streaming services. 's latest design has backfired. >> they are selling a boomerang for 1260 euros. representatives of the community and australia have called it cultural appropriation. chanel says it regrets any offense caused. >> that is still expensive for a boomerang. 70th cans film festival it -- 70th can film festival is taking off. stars will gather for the biggest film celebration in the world. for more from the famous cannes to our reporters. a big birthday for cannes this year. edition, we special will have prepared a hot lineup. there will be stars, like .anessa redgrave, emma stewart there will be tv shows for this anniversary. someone else celebrating, lisa. here is me, prognosticating. he had to s

nine years after it was rescued by the state during the financial crisis, lloyd banking group is returning of the biggest bailouts of the crisis. at one point, 43% of the company was state—owned. the reprivatisation of lloyds is expected to be officially announced tomorrow. a man who was arrested on suspicion of conspiracy to murder a female police officer outside the libyan embassy in london in 1984 has been told he won‘t face charges. scotland yard said key material in the case of pc yvonne fletcher couldn‘t be used in court, on grounds of national security. that‘s a summary of the news, newsday is coming up at midnight. now on bbc news it‘s time for newsnight. it‘s a bonanza! labour‘s manifesto promises a fairer more prosperous society for the many not just the few, with tax, borrow and spend, and spend. how‘s it playing with the core vote? and i‘m very proud to present our manifesto for the many — not the few. thank you very much! i believe in the labour party, what they stand for, but ijust don't think he's got enough people behind him, he's not strong enough to lead the party, really

banking. what is good for the economy is good for lloyds. earan easy and strategy, what is good for the company is good for the bank. reporter: the five ship hedge fund suffered about $1 billion in outflows in april as investors continue to pull money. that is according to a bloomberg news calculation based on the letters to investors. at this managed by brevan howard's master fund dropped to $8.7 billion at the end of april. plans to sign deals with tenuous companies when president trump visits the kingdom this weekend. -- with 10 u.s. companies when president trump visits the kingdom this weekend. they did not immediately return phone and email messages seeking comment. apple plans to announce an update to the laptop lineup early next month. according to people familiar with the matter, the company is planning three new laptops in a move that could help offset new competition from microsoft. they declined to comment. that is the bloomberg business flash. mark: we have the latest reading of euro area inflation in just under one hour, expecti

. >>> lloyds banking returning to private ownership after the uk government sold the remaining sharesn the bank. the british government will make a profit of about a billion dollars, 1.2 billion, after spending 20 billion pounds rescuing the bank. >> this has been coming for a while, but a significant milestone. this is, you know -- this was the real eye of the storm along with rbs. no one went bust in that sense. we had a few before that, but, you know, the fact that government ownership is done and dusted for lloyds is a significant step. >> and a win for the government. >> not being framed for that. but getting out in profit just about. it's good for the sector and good for lloyds banking. they don't have to be tethered by whatever the government wants. >>> blackberry is working with two automakers on an anti-hacking tool. the service would reportedly remotely scan vehicles for computer viruses and tell drivers to pull over if they're in danger. >>> value act trimming its stake in morgan stanley. this brings the hedge fund's total number of shares in morgan stanley down to 17.8 mil

the uk government has sold its remaining shares in lloyds banking group, eight years after putting £20bn its return to the private sector is in stark contrast with the other bailed—out bank — royal bank of scotland — that is still 73% owned by taxpayers. our business editor simonjack has been talking to the boss of lloyds. it is a moment of huge pride for all colleagues at lloyds bank for our customers. we gave taxpayers‘ money back. and around £900 million more, which is, i think, a big moment of pride. what changes as a result of today? what do you do differently now the government is not involved? it is a big moment of pride. but then we go back to our purpose, which is to help the country prosper. six years ago, we designed a strategy which i thought was the right one, that was to refocus this bank back to the united kingdom, help the real economies of families and small— and medium—sized companies. focus all of our resources, which were very scarce at the time, in helping britain to recover. 50,000 people have lost theirjobs in lloyds—hbos over the last few since the merger of the t

lloyds bank says the taxpayer has made a profit of nearly £900 million after the government sold thenking group. it is almost nine years since the bank was bailed out at the height of the financial crisis. in a statement, lloyds confirmed the group has been fully returned to private ownership. the former us soldier, chelsea manning, who passed hundreds of thousands of confidential diplomatic documents to the website wikileaks, will be released later today from a military prison in kansas. born bradley manning, she announced she would be living as a woman, shortly after her trial in 2013. she was expected to remain in jail until 2045, but barack 0bama commuted her sentence before he left the white house injanuary. a police drone has captured the moment a controlled detonation was carried out on a second world war bomb discovered at a building site in birmingham. around 180 people had to be evacuated from their homes near aston following its discovery yesterday morning. the british army said it was one of the biggest unexploded devices everfound on uk soil. a pair of diamond earrings h

some breaking news and that is that lloyds banking group is returning to private hands, nearly nine yearscrisis. this is according to sources. lloyds banking group is returning to private hands, nearly nine years after it received a taxpayer bailout during the financial crisis. more on that perhaps later. the party plans to scrap tuition fees, expand universal childcare and boost wages of the lowest earning workers but it has given no details about how it would pay for the plans to nationalise key utilities such as water and national rail. we are joined by the labour shadow foreign secretary emily thornberry. your brief is foreign affairs but we must touch on the manifesto launched today obviously. lots of pledges and promises, all to be paid for primarily by tax rises on the rich and companies and so on. how confident is the party that it will be able to raise the funds needed to cover a ll be able to raise the funds needed to cover all of the promises, and most £50 billion? we have a bit of flexibility so we have a certain proportion in it. some of the taxes for example in order to, for

policies include scrapping business rates and a publicly owned bank. 0ur wales correspondent, sian lloyder for more than 100 years. it's represented in the welsh assembly by plaid cymru and the party has the parliamentary seat within its sights. no coincidence then that its leader, leanne wood, chose to launch her party's general election manifesto here. voters tastes will need to change if plaid is to make a breakthrough, one of the party's key pledges is to defend wales post—brexit. how are you going to appeal to voters, in places like this, who voted to leave the eu when you are seen as somebody who wanted to remain in the eu? we've accepted the results. we've carried on accepting it since the day that it was announced. we've put forward today a post—brexit plan for wales, a positive plan, to try to take advantage of opportunities that might arise as we leave the european union. plaid's telling voters it rather than labour will best defend welsh interests against what it calls cruel and wreckless conservatives. probably be for plaid cymru, to be honest with you. yeah. so that goes - t

lloyds bank, which was bailed out by the taxpayer at the height of the financial crisis, has returned to the stock exchange this morning that the government has sold its last remaining shares in the company. the bank says taxpayers made a profit out of the deal. we gave taxpayers money back, around £900 million more which is, i think, a big moment of pride. what changes for the bank as a result of today? what do you do differently?m for the bank as a result of today? what do you do differently? it is a big moment of pride but then we go back to our process, to help the country prosper. six years ago we designed a strategy which i thought was the right one which was to refocus this bank back to the united kingdom, helped the real economy, so families and small and medium—size companies, focus our resources, which were very scarce at the time, in helping britain to recover. we are live from the bbc newsroom live. president trump has been responding to reports that he is the fbi to end the inquiry into michael flynn. he says he is being treated worse than any political leader in history

nine years after it was rescued by the state during the financial crisis, lloyd banking group is returning biggest bail—outs of the crisis. at one point, 43% of the company was state—owned. the re—privatisation of lloyds is expected to be officially announced tomorrow. greater manchester police say the death of the moors murderer, ian brady, won‘t stop them looking for the remains of 12—year—old keith bennett — the only one of his victims whose body was never found. brady and his partner myra hindley abducted keith in 1964 and refused to say where he was buried. brady was jailed in 1966 for the murder of three children and later admitted to another two killings. he died yesterday at the age of 79. 0ur correspondent judith moritz reports. his name will always be notorious, his face the image of evil — ian brady, the moors murderer. he took children and tortured them and brought their bodies high up to the hills above manchester. 0n the desolate moors, the police spent years searching for their remains. brady‘s accomplice was his girlfriend, myra hindley. she died 15 years ago. brady‘s death

lloyd banking group has returned to full private ownership most a decade after it was bailed out for3 billion pounds. should the government have waited? are there more great things to come? if you think things are getting better, hold on for more. >> there is lots more to do but i don't inc. government should be shareholders of banks. this was a bailout which was rock, atby northern the height of the financial crisis. taxpayer money was used because it was a major crisis. taxpayer money should not be used to bail out banks and money has many uses to it. they did well in selling their shares. they use the group plan. progressively they diversified. they got their money back. mored 900 million pounds than what was put in the bank. it did the right thing. >> prime minister theresa may has committed her party to a hard brexit. she outlined the manifest today promising voters she would deliver a clean break from the european union and warned no deal with the eu was better than a bad one. >> we will take control of our money, our borders, our laws. >> this is theresa may sitting out her gr

lloyds is back in private hands after the uk government sold its final stake in the bank. told the bbc the bank is now "one of the strongest in the world". it's in sharp contrast to rbs, which is still 73% owned by the taxpayer. it too was bailed out during the financial crisis. a pair of diamond earrings has been sold for a record price at an auction in switzerland. the flawless pear—shaped diamonds — one pink, the other blue — fetched a combined price of $57.4 million. the gems, nicknamed apollo and artemis, are almost 16 carats each. the buyer has chosen to say anonymous. more about that later. let's start with those falling unemployment figures. the numbers for march show the jobless total fell by 53,000 to 1.54 million in the three months to march. that's a headline rate of 4.6% — the lowest since the summer of 1975, or 42 years ago. but wages are still lagging behind the rising cost of living. earnings were up 2.4% in march, but inflation rose by 2.7%. it means in real terms we're facing a pay cut. let's speak to laura gardiner, senior research analyst at the resoluti

banks. this was a bailout which was required, not only from lloyds, but northern rock, at the height of the crisis. taxpayer money was used because it was a major crisis. taxpayers money should not be used to bail out banks and taxpayer money has many better uses to it. the government did well in selling their shares. the used a good plan. they sold everyday as part of daily flows. progressively they diversified. money back, 20.3 billion pounds, and still 900 million pounds more than what was put in the bank. it did the right thing. >> in the u.k., prime minister theresa may has committed her party to a hard brexit. may outlined the manifest today promising voters she would deliver a clean break from the european union and warned no deal with the eu was better than a bad one. >> we believe the european union and take control of our money, take control of our borders, take control of our laws. is theresa may setting out her grand vision for the future. not just what is going to win her the election but the policy she believes in, which are pretty radical in some ways. >> she's trying to appea

lloyd's banking group has returned to full private ownership, almost a decade after it was bailed outu.k. government for 20.3 billion pounds. should the government have waited? are there more great things to come? if you think things are getting better, hold on for a little bit more? >> that is a smart thing to do, but i don't think governments should be shareholders of banks. this was a bailout which was required by northern rock, at the height of the financial crisis. taxpayer's money was used because it was a major crisis. attack care's money should not be used to build out banks, and taxpayer's money has made better uses to it. the government did well in selling their shares. they used a good plan and sold everyday a part of the daily flow, so progressively, they diversified themselves. they got their money back. 23 point billion pounds and around 900 million pounds more than what was put in the bank. so, they did the right thing. >> in the u.k. prime minister , theresa may has committed her party to a hard brexit. she outlined the party's manifesto today, promising british voters

. >>> the uk government has sold its remaining stake in lloyds bank returning the lender to full private ownership nearly a decade after it was bailed out. lloyds says the government will make a 900 million pound profit from the bailout. however that figure has been disputed by a number of industry commentators who say it does not take into account the interest payments the government had to shoulder in order to fund the bank's rescue. >>> chinese drugmaker shanghai pharmaceuticals is considering making a bid forever stada. the company's yet to make a formal takeover offer. stada w ashga had a failed take. >>> and staying in pharma, amazon is said to be mulling a move into the multibillion dollar pharmaceuticals market, according to multiple sources at the company who say the firm is looking to make strategic hires in the area. amazon is aware of the fierce competition it would face from established players if it were to expand into the pharmaceuticals business. >>> the latest 13 f filings were a tale of tech names. leslie picker looks at where wall street's biggest names put their money

thousands of customers of lloyds bank are being paid compensation after they were sold complex investmentsn better left in a savings account. moneybox presenter paul lewis has been looking into this. good morning. how many people are affected by this? lloyds has written to over 7000 customers though far more than that actually bought these products. those are the ones lloyds is offering some compensation to you. the compensation between five and £10,000 each. we are not sure. there isa £10,000 each. we are not sure. there is a bit of controversy over that. it isa is a bit of controversy over that. it is a lot of people. how were the product is supposed to work? they were sold to people who had big cash deposits. so if you have a lot of cash in your account lloyds staff would say, we've got this great product for you and i will tell you how it works stop we invest on the stock market and if the stock market grows you gain and if it falls you don't lose. so it was a kind of one—way bet. but of course to make that that work it was hugely complicated and many people who thought they would get

government has offloaded its last remaining shares in lloyds banking group according to people familiarwith the matter. the treasury sold the remainder of its original investment, less than .25% in the bank yesterday. it brings britain's biggest mortgage lender back into full a decadewnership after after it was bailed out in the depth of the financial crisis. a growing., still, number of unoccupied properties in london is providing a headache for landlords removed into modern offices by companies has caused the overall office atancy rate to climb to 5.8% the end of the first quarter. according to data, that is the biggest increase since 2009. management hedge fund suffered $1 billion in outflows in april as investors continue to pull money, according to a basederg news calculation on the letters to investors. the letters show assets managed by brendan howards fund dropped to a $.7 billion at the end of april. global news 24 hours a day, powered by more than 2600 journalists and analysts in 120 countries. you can find more stories on the bloomberg at top . everything in asia has been

lloyds banking group was among the main gainers on the ftse100.ion of taxpayers money was pumped in to save lloyds during the financial crisis. unemployment in the uk has fallen to a 42—year low with a record number of people in work. but earnings are still not going up as fast as prices. wages — excluding bonuses — were up 2.1% compared with a year ago, which is below the latest inflation rate of 2.7%. the us markets are sharply lower, after the turmoil surrounding president trump's firing of fbi directorjames comey intensified — with questions about whether president donald trump tried to interfere with a federal investigation. what does all this mean for the president's tax and economic stimulus plans? let's get detailed analysis of all those stories. justin urquhart stewart is the director of seven investment management. let's start with that story about the us markets, sharply lower. they had been enjoying a good rally and we saw the effect of that felt in markets around the world. is this is the start of a downward adjustment, and also, can

policies include scrapping business rates and a publicly owned bank. 0ur wales correspondent sian lloydminster for more than 100 years. it's represented in the welsh assembly by plaid cymru and the party has the parliamentary seat within its sights. no coincidence then that its leader, leanne wood, chose to launch her party's general election manifesto here. voters tastes will need to change if plaid is to make a breakthrough, one of the party's key pledges is to defend wales post—brexit. how are you going to appeal to voters, in places like this, who voted to leave the eu when you are seen as somebody who wanted to remain in the eu? you are seen as somebody who wanted to remain in the eu. we've accepted the results. we've carried on accepting it since the day that it was announced. we've put forward today a post—brexit plan for wales, a positive plan, to try to take advantage of opportunities that might arise as we leave the european union. plaid's telling voters it rather than labour will best defend welsh interests against what it calls cruel and wreckless conservatives. probably be

lloyds banking, the government is going to make an announcement today possibly on its stock.tt trading higher. easyjet softer this morning. matt? about thent to talk dollar here. in the u.s., president's top foreign-policy advisers are trying to contain political damage from a report in the washington post that says he revealed sensitive classified material to russia during an oval office meeting last week. sharedorter said he closely held information from an intelligence partner about an islamic state plot to russia's foreign minister and its ambassador. dollar realhe u.s. effective exchange rate has fallen back to levels that prevailed before the november 8 election. index measures the currency's trade weighted in value against a basket of other currencies after adjusting for inflation and you can access this cart yourself on the bloomberg. joining us now is the global head of flow strategy at socgen. let me just ask you about this report. somehite house has denied of the truth to this report. how is it going to affect markets? it would seem to be a serious accusation. prob

lloyd: running a bank and worrying about the risk profile of the institution and what was going on. you the truth, in hindsight, everybody knows everything and everyone remembers having known everything. but in reality, every day that something happened, it was just incremental. david: you went down to the office of the secretary of treasury and he said, we have a problem and i'm going to make you take $25 billion to shore up your balance sheet. was that something that you really wanted to do? lloyd: it is very hard to remember how you felt. i think i'm pretty good at it. being a trading manager, you are always evaluating people's performances and trying to separate yourself from what you know personally. otherwise you are a second guesser. and i remember when i was -- what i was thinking. i remember thinking at the time, thinking this would make things safer. and i had an element of relief about it. because it was going to stabilize things. was there a level of risk out there that i wouldn't have been comfortable with? we spent money in our personal lives to insure ourselves agains

in the u.k., lloyds is again a privately owned banks.ed out in the financial crisis, and it has sold its last remaining shares per the treasury made $1.2 billion on the original $26 billion investment. bloomberg spoke with the ceo of lloyds. >> -- completely with the right financial structure is to help the country prosper. our purpose is helping britain prosper. we are largest bank in the united kingdom. what is good for the economy is good for lloyds. it is an easy strategy that makes sense. what is good for the country is good for the bank. sprint and t-mobile may have new life under the trump administration. viewntitrust division may the tie up differently under new agency leaders chosen by president trump. the fcc chair has backed off his stance that the market must have four. the sprint ceo is in washington .today meeting with regulators and that is your bloomberg business flash. a quick programming note -- do fromiss a special one-hour the salt conference in las vegas at 2:00 p.m. eastern with erik schatzker and guests, including

lloyds bank says the taxpayer has made a profit of nearly £900 million after the government sold the ps. the idea that you can be obese, but still healthy has been debated for years. previous studies have suggested that around a third of very overweight people are healthy. they have normal blood pressure and cholesterol levels despite being classed as obese according to their body mass index, which is a measure of height versus weight. but a new analysis of the medical records of 3.5 million uk residents suggests the idea of healthy obesity is a myth. compared to those of a normal weight, it suggests even outwardly healthy obese people have a 49% greater risk of developing coronary heart disease, the risk of heart failure is increased by 96% and stroke by 7%. what was new for me from this study was that it showed that people who are overweight or obese are at an increased risk of heart disease even though they may be healthy in every other respect. previously i rather thought that obesity increased blood pressure and your cholesterol and it was those factors which increased your risk

the chief executive of the american investment bank goldman sachs has said the city of london will stall when britain leaves the eu. lloyd 6,500 people in the uk, might move staff to the continent. 0ur economics editor kamal ahmed is with me now — and these are pretty strong words? is that a serious threat?|j is that a serious threat? i think it is, ithink is that a serious threat? i think it is, i think it is a serious intervention. i think lots of people in britain have been quite shocked by the in century language from both sides in this brexit debate. i think lloyd blankfein sides in this brexit debate. i think lloyd bla nkfei n wa nts sides in this brexit debate. i think lloyd blankfein wants to make a simple point in his arguments, that the more barriers there are between britain and the eu, whether in trades or in any other industry, the less economic wealth can be created. i kicked off by asking him whether or not britain outside the european union was less attractive for banks like his. a lot of people elect to have their european business concentrated in a single place. and the easiest place, certainly, for the

policies include scrapping business rates and a publicly owned bank. 0ur wales correspondent sian lloydtronghold at westminster for more than 100 years. it is represented in the welsh assembly by plaid cymru and the party has the parliamentary seat within its sights. no confidence then that its leader leanne wood chose to launch party's general election manifesto here. voters paste will have to change if plaid cymru is to make a breakthrough. 0ne of the party's key pledges is to defend wales post brexit. how are you going to appeal to voters in places like this, places that voted to leave the eu, when you are seeing as somebody who wanted to remain in the new? we've accepted the results, we've carried on accepting it since the day it was announced. we've put forward today a post brexit plan for wales, a positive plan, to try to ta ke wales, a positive plan, to try to take advantage of opportunities that might arise as we leave the european union. plaid is telling voters it would vest defend voters against what it says are cruel and reckless conservatives. probably default plaid cymru, t

of the american investment bank goldman sachs, has warned that britain's financial centre — the city of london — will stall when the country leaves the european union. lloydd the bbc that the bank had contingency plans to move staff to mainland europe, depending on the outcome of brexit talks. at the moment goldman sachs employ 6,500 people here in the uk. the bank is due to move into a new premises in 2019 as it tries to bring all its london staff into the same building the stakes are high for goldman sachs. it has around 3a,000 staff worldwide. as one of the world's most successful investment banks it made a $7.1; billion profit last year with the uk operation playing a key part. let's stay with that story. our economics editor kamal ahmed is with me. good to see you. let's start. there he is. i will go of script, this is his first interview in the uk for yea rs 7 his first interview in the uk for years? a number of years. lloyd blankfein used the words london could stall. will stall. will stall, sorry. how strong is that from the people you know and we'll talk to? it isa people you know and we'll talk to? it is a strong warning, it is his most substant

banks. jamey dimon, lloyd blankfein are all ready to more more to use, whether it's back to share holders orestors, just waiting for regulateders to free that up. another positive tone, sentiment, relaxed sentiment from a bank ceo. bank stocks turned just negative, the financial sector, earlier this week for the year as a whole. only three sectors in the negative territory, interesting that banks were one of them. >> i like kelly evans questions about millennials and avocado toast. >> also very important. >>> switching to apple. tim cook spotted at the afteral campus testing out a device attached to his weiss. he was wearing a glucose tracker which could make the device a must-have for diabetes survivors. he has a team dedicated to "the holy grail for the disease" and glucose monitoring if that happened a big upgrade for the apple watch. >>> to sports. facebook wants to take you to the ball game. it struck a deal with major league baseball to stream 20 friday night games this season. starting with tonight's match-up between the colorado rockies and cincinnati reds. the game will air to free.

rick, let me pivot you back to lloyd blankfein's comments on banking regular laces.e welcomes glass-steagall. you're not a fan of that, but you want regulations to go away. here's another major guy from wall street who is not really upset with the regulations put in place, and, in fact, welcomes another piece here. >> yeah, you know, this is a tough one. obviously, after the crisis, there was overcompensation, in large part by the central bank and the fed wearing the regulatory hat. congress overcompensated with the notion that, you know, if we make them hold all capital, we are safe. of course, there's the more capital banks, the less there is to lend out. there's no magic number for what capital ratios are correct. take it a step further, you know, the treasury gives very special treatments, of course, to those that hold treasury securities. municipal securities, they get smaller haircuts, pay interest on reserves. distortions are everywhere. i agree e with lloyd, but i agree the markets have to find what the best thresholding per capital are. but, if you try to se

banks. structurally, i think they are all trying to do the right thing. u.b.s. is probably further ahead than the rest and becoming -- in becoming a wealth manager. lloydsy becoming a pure u.k. retail bank but they are stl ing hurt by the j.p. morgans and goldmans. they are dominating investment banking globally now. juliette: turning to the u.s. economy. last week, president trump told bloomberg he is actively considering a breakup of giant wall street banks giving a push to the return of the 1933 glass-steagall act. u.s. senatorith elizabeth warren about the possibility of working with president trump to revise the 1933 law. bet.u i am ready. >> how realistic is it? >> i am ready. i already have the bill. i have a bipartisan bill already. icosponsor is john mccain -- have cosponsors. have theree been -- been private conversations between your office and the white house on these measures? that channel yet to the white house, but we are reaching out to the administration generally. >> have they been receptive? >> we have had those conversations. that is what i want to see happen. i am ready. this is one of those basic things. folks on wall street may re

banks. i think structurally, don't get me wrong, i think they are all trying to do the right thing. ubs is probably further ahead than the rest in becoming a wealth manager. lloydsrticularly well by becoming a pure u.k. retail bank. but they are still getting hurt by the goldman's and others. they are still really dominating investment banking globally. juliette: >> turning to the u.s. economy, last week, president trump told bloomberg that he is actively considering a breakup of giant wall street tanks. giving a return to the glass-steagall act. this week, bloomberg's chief washington correspondent spoke with elizabeth warren about the possibility of working with presentrump toeve the 1933 law. elizabeth: you bet. i mean, i am ready. >> how realistic is it? elizabeth: i am ready. i've got the bill. remember, i have a bipartisan bill already. my cosponsor is john mccain. >> have th bn any back back channel discussions on this particular measure? elizathnot that channel to the white house but we are certainly reaching out to the administration generally. >> have they been receptive? elizabeth: so far, we have had some good conversations. i am ready. because this

banks. structurally -- don't get me wrong, i think they are all trying to do the right thing. u.b.s. is probably further ahead than the rest in becoming a wealth manager. lloydse particularly well by becoming a pure u.k. retail bank, but they are still being hurt by the j.p. morgans and goldmans. they are still really dominating investment banking globally now. juliette: turning to the u.s. economy. last week, president trump told bloomberg he is actively considering a breakup of giant wall street banks, giving a push for the return of the 1933 glass-steagall act. this week, bloomberg's chief washington respondent -- correspondent kevin cirilli spoke with u.s. senator elizabeth warren about the possibility of working with president trump to revive the 1933 law. sen. warren: you bet. i am ready. >> how realistic is it? sen. warren: i am ready. i already have the bill. remember, i have a bipartisan bill already. is johnnsor on this mccain and maria cantwell from washington, angus king, independent from maine. kevin: have there been private conversations between your office and the white house on this particular measure? channelren: not back yet to the white hou

barclays has done well in investment banking and lloyds has done best of all by exiting and becoming a pure play in teh he u.k. market. there's arguments both ways to whether that would be beneficial banks.fo rbr francine: martin, thank you for joining us. let's get straight to the bloomberg business flash. >> bp reported first-quarter earnings that beat estimates as oil prices climbed. profit adjusted for one time items a most tripled from one year earlier to $1.51 billion. that might help ease investor concern about the company's ability to maintain the dividend without increasing debt. pimco's new ceo plans to add 100 new employees over the next year. speaking to bloomberg at the milken institute global n says the, the manuaroma company intends to spend on hiring and technology to become better. >> we want to be the best at what we do. we don't think we can be the biggest. we think we can be good at managing conflicts and deliver. it gives us plenty to do and we once the results of the firm to be focused. >> twitter says it will not attribute a bump in activity to president trump'

bank. it has market share just like hsbc and lloyd's. e is something more of a banking oligopoly here than there is in the united states. is it too big to fail. hard to say. if bank of america isn't too big to fail. there are those who do think it is too big to fail. they're trying to enter -- re introduce glass-steagall back in the united states. barclays business in the u.s. is the old lehman business. tom: kelly about his culture of london banking. is he welcomed here -- tell me/ . has he been greeted by the berkeley staff collegially? t would seem that way. what he succeeded in doing is taking a bank that had serious problem 18 months ago restructuring and putting most of those problems behind the bank. he got rid of some businesses and european he is selling down africa, he cut costs, made the balance sheet look better. but that's just to get to this point. the bigger question confronting barclays and jes staley is how do you compete with jpmorgan and goldman sachs? tom: this is the key idea. guy: why is he in investment banking? in

the banks moving to frankfurt have been there before. brussels lured lloydsout the way we expected. thanks, dominic. good to see you. that's it from business live today. there will be more business news throughout the day on the bbc. see you soon. bye— bye. hello there. that exceptionally mild start to the day up and down the country. a lot of cloud around too and also some rain. you can see on the rainfall radar where most of it is across the south—west of england pushing into wales. this will continue to feed north and eastwards in towards northern england and the midlands as the day wears on. some dry weather to the south—east and also to the north—west once a band of showers moves through. by around the middle part of the afternoon it will be clearing eastern parts of scotland. so we should see a good deal of sunshine for northern ireland and sunshine in towards scotla nd ireland and sunshine in towards scotland too and temperature wise lower into the afternoon than what we started off with this morning. for much of northern england and towards wales, the

points from what he said, one, that he's saying that similar arguments about lloyd blankfein and others, disadvantage u.s. banksgainst the rest of the world? clever and geaccurate point. >> he said, if you want to look at big things in the world, look at the chinese banks. you want them to make end roads, go ahead. >> right. the other point to take away in terms of all the bank regulation on capital again, seven ways from this, clear there's capital in the system. this coward come down, banks are saying that, and that's certainly a factor in the banks. >> steve eisman said there's no systemic issue in the banking issue. times changed. more in the interview to come in the next hour. >>> breaking ne inin ining newse house. >> reporter: this afternoon, the president had lunch with top television anchors, and they've released a piece of what he told anchors inside the white house moments ago. this is reaction to the special counsel being appointed. that news breaking last night. here's what the president had to say just a few moments ago inside the white house saying, i believe it hurts our country terribly because

lloyds potential contingency plan followed speculation after the british government completes the sale of its shares in the bank. ca karen. >> thank you very much. we are bringing you live reaction to the french election last night. reaction specifically from across europe had congratulated emmanuel macron on his win. many touting the importance of the future. jean-claude juncker. and theresa may offered a warm congratulations tweeting that she looked forward to working with the president-elect. and stephen seibert tweeting his congratulations saying macron's victory was a victory for europe. quite a bit of reaction in the to w twitter sphere last night. >> clearly, it's been a showing that macron's direction in europe and being pro-european. angela merkel has endorsed him before in france. and she is backing him quite big. and course what they were saying on twitter, that is the general line here in berlin. is that macron will get again very strong cooperation between france and germany. this is why. this cooperation between these two countries were the driving motive behind the european creation. saying that