the chancellor uses his mansion house speech to say he wants to make the economy the first priority in brexit negotiations. lam i am confident we can do a brexit deal that puts jobs and prosperity first. that reassures employers and they will still be able to access they will still be able to access the talents they need. his tone was notably different to the prime minister. the governor of the bank of england warned brexit could make people poorer. is lunchtime... barclays bank and four of its former senior executives are charged with fraud — the first criminal charges against a bank arising from the financial crisis of 2008. call from the community for more to be done to stop violence after the finsbury attack. islam phobia is on the rays and hate crime is also on the rays and hate crime is also on the raise. we have to do something to stop this madness. temperature shoring —— soaring across the uk. a convincing win for the british and irish lions sets them up for the first test match against the all blacks. on bbc news we understand andy murray will donate any of his winnings at que

in his annual mansion house speech the governor of the bank of england mark carney, said price risesning ahead of wage growth and real incomes are falling again. speaking alongside the governor, the chancellor of the exchequer philip hammond was making the case for a longer transition to brexit — he wants the uk and the eu to agree a new customs‘ agreement under which current border arrangements would remain in place — perhaps for some years following britain's exit. in a moment, we'll hear from the british international trade secretary who's trying to whip up business in the us — but first, this report from our economics editor, kamal ahmed. a year on from the referendum, and cars waiting in sunny southampton for a journey to the continent of europe. exports to the european union like these are a key driver of our economy, an economy that the chancellor said would now be at the heart of those complicated brexit negotiations. speaking at the mansion house in central london, philip hammond said without a flexible deal with the eu, the economy could be at risk. when the british people

business after brexit — the uk finance minister delivers his so called mansion house speech to businessders in the city of london — so what will he promise and can he deliver? the perfect commute. is the dream finally reality? a flying car you can actually buy. our man at the paris airshow checks it out. welcome to world business report — i'm sally bundock — also in the programme a warning australia's banks are harbouring toxic debt. rico will have the details in a moment. but first — all eyes are on the uk's finance minister today as he outlines his vision of britain after brexit. the chancellor of the exchequer, philip hammond is delivering his famous mansion house speech in london — one of the biggest set—piece events of britain's economic calendar. it's been given added importance by the fact that britain has finallky started brexit negotiations with the european union. mr hammond has been at pains to calm fears of an abrupt change to relations between the eu and britain — saying he wants the uk to experience trade in a way that "feels as close as possible to the way it feels now".

interestingly enough the mansion house speech is tonight and philip hammond has just mansion house speecht recently announced in breaking news that he's pulling out. he said, in view of the g re nfell tower pulling out. he said, in view of the grenfell tower tragedy i've withdrawn from giving the mansion house speech tonight. my thoughts are with the local community. that puts mark carney, the governor, in an interesting position. if it's sensitive to speak, what attitude should he strike? thank you. back now to save the race with in west london. —— to sophie raworth in west london. the response from the community here has been extraordinary. within hours of the fire breaking out, the streets around here were filled with tables covered in food, water and clothes for these people who have lost absolutely everything. some of the community centres and sports halls that have been turned into temporary shelters have received so many donations they've had to turn supplies away. tom burridge reports on the volunteers who have dropped everything to help this community. this shows you how people h

that is the scene live now at the mansion house. stay with us.ore calls from business to protect their interests. the latest is from the society of motor manufacturers and traders. it says the government needs to make sure there's a transitional brexit deal to protect the car industry. the boss — mike hawes — told us a full deal can't be done quickly. we need a back—up plan. something that gives us part of the customs union, ideally part of the single market so we can maintain the success that we're currently enjoying. we have a trading relationship with over 160 countries around the world. we benefit from some of the existing trade aagreements that the eu already has with europe. what happens with those existing arrangements and the new deals that are currently already being negotiated, we really want to see the uk trading and being successful around the world, but not at the jeopardy what we currently have. in his speech today mr hawes will say that a lot still needs to be done. a lot of cars are made in the uk, but they say it is europe that's

philip hammond will be making his mansion house speak very shortly.goes the lord mayor, then hammond, and then carney. philip hammond is supposed to push for a so-called pragmatic brexit. guy: i think slow brexit. the slow brexit kind of works. matt: it will be interesting to see if hammond talks at all about the austerity you and charlie were discussing. the question was austerity, in the most basic sense, it is not spending as much money. if they start to spend more, it will be very fascinating. guy: to be honest, we have not seen that much austerity. have we seen austerity in the u.k.? >> not to the extent people think there has been. there have been cut, but in terms of the actual amount of government spending, it has been actually relatively generous, compared to a country like germany. guy: if the conservatives cut 20,000 police officers since 2010, that is the kind of austerity baguettes people up in arms. -- kind of austerity peopl are up in ts people arms. money,ants to spend more the politically more intelligent thing to do would be to hire

speaking at the mansion house in central london, philip hammond said without a flexible deal with theu, the economy could be at risk. when the british people voted last june, they did not vote to become poorer or less secure. they did vote to leave the eu, and we will leave the eu, but it must be done in a way that works for britain. in a way that prioritises british jobs and underpins britain's prosperity. alongside mr hammond today, the governor of the bank of england. he said that brexit was likely to make people poorer and that they would need to be a transition period after the completion of the brexit process in 2019. the monetary policy committee cannot prevent weaker real income growth that is likely to accompany the transition to new trading arrangements with the eu. it can support households and businesses as they adjust such profound change. the two great economic offices of state — here is the bank of england, and about two miles down the road that way the treasury, and the leaders of those two institutions, i think, came together today to make a big point about brexit put

the chancellor's mansion house speech.uropean union until a new long—term system can be phased in. in other words a transitional arrangement. well, the customs union sees countries sharing a free trade area and common external tariffs. well, asked about philip hammond's speech today, the eu's chief brexit negotiator, michel barnier said it was too soon to talk about transitional arrangements. so let's get more on what he has been saying, our correspondent in luxembourg right now is adam fleming. adam, i'm sure we're going to get a lot of this. politicians here saying one thing. mr barnier and others in the eu giving their response, but what has he been saying about what the chancellor had to say earlier on? yes, ben, day two of the official brexit negotiations and this is what it's like already. michel barnier the eu's chief brexit negotiator has been in luxembourg today meeting eu, foreign ministers. the second session this afternoon, the british representative was asked to leave and the remaining 27 got an update from hi

business after brexit — the uk finance minister delivers his so called mansion house speech to businessders in the city of london — so what will he promise and can he deliver? the perfect commute. is the dream finally reality? a flying car you can actually buy. our man at the paris airshow checks it out.. president donald trump has denounced north korea as "a brutal regime" after the death of a us student released by the reclusive country last week. otto warmbier spent nearly 18 months in detention in north korea. the 22—year—old was medically evacuated to the united states, suffering from severe brain damage. he died six days later. peter bowes reports otto warmbier was travelling in north korea as a tourist when he was arrested in january of last year. he had attempted to steal a propaganda sign from the hotel as a souvenir. before his trial, at a news conference arranged by the north korean government, he tearfully confessed to trying to take the sign as a trophy for a us church. save this poor and innocent scapegoat... a month later, the economics student from the university of virg

at his mansion house speech he said jobs and prosperity must be the priority.ing. is there common ground between you, between the liberal democrats, and mr hammond's position that he's outlined ? i think there's a lot of common ground with him and i believe a lot of people in the labour party who can see the potential disasters of going into a really hard, disruptive, extreme form of brexit and i think ourjob is to reach out to them and find ways of achieving compromise. so where might those compromises come? let's look at honda's factory in swindon. it's the european single market in action. every day, two million components are delivered here, many of them from across europe with no hold—ups at the border. if we leave the customs union, it could spell trouble for some. we don't want our components stuck abroad, we don't want our car is going to europe stuck on this side of the channel. it's really keeping that free flow of product going. one compromise would be to stay in the customs union where goods can cross borders within the eu without import taxes. but

i am outside mansion house now on the balcony. this is where the lord mayor of london lives.talking about the state of the economy. we don‘t know what will be in it, but expect stuff on brexit and whether he will be talking about austerity as well given the pressures on the economy and on public services, whether they may look to ease some of the austerity we have seen over the last few years, and also the governor of the bank of england, mark carney. he has spent a lot of time in their keeping an eye on the economy deciding the policy for the uk. —— there. we will hear his thoughts on interest rates and inflation and the yea rs interest rates and inflation and the years ahead. i will be here talking about what we can expect through the morning. thank you. it looks like gorgeous morning. it looks great everywhere! i know! scientists have begun human trials of a cholesterol—lowering vaccine to help prevent heart disease. the injection is designed to stop fatty deposits from clogging the arteries. it would offer patients an alternative to taking daily pills to cut their risk of

the chancellor uses his mansion house speech to say he wants to make the economy the first priority inns but the governor of the bank of england warns that brexit is likely to make people poorer. that's all from the bbc news at one so it's goodbye from me and on bbc one we nowjoin the bbc‘s news teams where you are. now it is time for sport on bbc news. hello, i'm hugh ferris. manchester united bossjose mourinho has been accused of tax evasion from his time at real madrid where he was manager from 2010 to 2013. it's the latest in a series of high—profile tax fraud cases involving football stars in spain. let's get more on this from our reporter, simon stone. what is the claim againstjose mourinho? this morning spanish prosecutors filed two counts of tax fraud against manchester united managerjose mourinho which date back to 2011 and 2012 when he was the manager of real madrid. the claim made in a statement today is thatjose mourinho claim made in a statement today is that jose mourinho owes claim made in a statement today is thatjose mourinho owes 3.3 million euros, £2.9 million, and t

point of view on a fiscal and monetary policy front comes later, it is the mansion house speech.e'll hear from governor carney and from the chancellor, the recently reinvigorated chancellor of the exchequer to my philip hammond. what is he going to the out in terms of his aspirations for brexit and what will he say about fiscal policy? the gilt market will be paying attention to that. where thinking about the fed and the boj coming up, central banks front and center. they do not necessarily have the same kind of force they used to have a couple years ago but we are still thing attention. this is what we found in the markets this morning. i would argue no clear sense of direction and delivered by this at the moment. looks like we're going to open fairly flat in europe. let's take a look at the gmm and focus on what is happening there and give us with the heads up his. this is the picture at the moment. the aussie dollar this morning. the british pound is neutral. agree markets were generally negative in the american session . australia down 1.21. the paying attention to minus

more now on the chancellor's mansion house speech this morning.ons they did not win the general election or did not manage to form a majority government. joining me is the shadow chancellor, john mcdonnell. we heard the chancellor say people are tired, fed up of austerity. that does suggest that although he is not abandoning it, there may be some easing off. it looks as though there has been warm woods but nothing in terms of policy, he clearly has not got the message about how concerned people are about the rundown of public services, the pay freeze of the last ten years, he has not got the last ten years, he has not got the message because he is not translating it into policy. is there any longer any majority in the commons to pass austerity legislation? i think he will have real difficulty. he will only have a budget in the autumn, he has said. all of the astarte measures are now running for —— all of the austerity measures. a large number of conservative mps are saying, this is impacting upon our constituents, you have to think again. philip h

minister, is set to make a case for a new path of brexit when he speaks in a city of london annual mansion house liberal democrats face a new leadership race after tim farron announced he was standing down. mr farron said he could not reconcile his christian faith with leading a ‘progressive, liberal‘ party. our political correspondent vicky young reports. he's been leader of the liberal democrats for just two years. surrounded by colleagues, tim farron announced he was stepping down because of the folk is there had been on his christian faith. i found myself torn between living as a faithful christian and serving as a political leader. do you think it's 0k to political leader. do you think it's ok to be gay? political leader. do you think it's 0k to be gay? he said he felt guilty that questions about his religious views on gay sex and abortion had been a distraction during the general election campaign. do you think gay sex is ok? look, i'm not going to give you an answer to that question. i'll tell you why. that's because one's personal faith question. i'll tell you why. that's because one's p

anna: hammond will use his mansion house address to push for so-called pragmatic exit.s now on set, dan hansen. .till with us let's start with you. we have a couple of things on england,r, the bank of no change there but also this address by hammond. this is going to be quite crucial although iamb confuse because we have been talking about soft and hard brexit and now we are talking about a pragmatic brexit. the definitions of soft and hard brexit, i lose myself with it all. the way we look at this is the soft brexit takes into account things that the single market and customs union. what hammond will lay out probably still discounts the possibility of the single market. staying in the single market means you have to have freedom of movement of labor. customs union, it is possible that he still keeps that on the table. what i think is more likely is that he puts forward the idea that the u.k. can push for a transition deal, after -- with the new deal, whatever we agree to. anna: they're talking about a norway model. as it interim. -- an interim. that would mean freedom

giving his delayed mansion house speech in the city of london, mr hammond suggested the current borderangements of the eu's customs union should be maintained for an "implementation period". the governor of the bank of england, mark carney, said the time was not right for an interest rate rise as wage growth is falling and the impact of brexit on the economy is unclear. our economics correspondent, andrew verity, reports. the chancellor's brexit agenda was supposed to be delivered over a sumptuous banquet at city's mansion house, but it was cancelled following the grenfell tower tragedy. today, he turned up at the same venue for a glass of water, no bowtie, and not a single mention of austerity, only sober warnings about what brexit should and shouldn't mean. when the british people voted last when the british people voted lastjune they did not vote to become poorer, or less secure. they did vote to leave the eu, and we will leave the eu. but it must be done in a way that works for britain. in a way that prioritises british jobs and underpins britain's prosperity. today, one of the uk'

we'll take a look at the chancellor philip hammond's speech this morning at mansion house alongside thenor of the bank of england mark carney. is an alleged hard brexit now off the table? we'll join christian fraser and katty kay for 100 days plus — who are looking at the death of a us student who had been detained by north korea. we'll be looking at how long the heatwave affecting large parts of the uk will last. that's all ahead on bbc news. hello, you're watching sportsday with me, reshmin chowdhury — the headlines tonight. a shock at queens — as defending champion andy murray crashes out in the first round. the british and irish lions win big in their last warm—up up match, ahead of the first test against the all blacks. there was defeat for odds—on favourite churchill in the big race on day one of royal ascot. and as part of women's sport week, britain's most decorated paralympian and soon to be mother—of—two dame sarah storey looks into how elite sportswomen are treated when they have a baby. welcome to the programme. we start with a huge shock in the last half hour because defend

business after brexit — the uk finance minister delivers his so called mansion house speech to businesshat will he promise and can he deliver? the perfect commute. is the dream finally reality? a flying car you can actually buy. our man at the paris airshow checks it out..

speaking at the mansion house in central london philip hammond said without a flexible deal with thed be at risk. when the british people voted lastjune and they did not vote to become poorer or less secure. they did vote to leave the eu and we will leave the eu, but it must be done in a way that works for britain. in a way that works for britain. in a way that prioritises british jobs and underpins britain's prosperity. alongside mr hammond today the governor of the bank of england. he said that brexit was likely to make people poorer and that they would need to be a transition period after the completion of the brexit process in 2019. in monetary policy committee prevent weak or real income growth that is likely to accompany the transition to new trading arrangements with the eu. it can support households and businesses as they adjust such profound change. the two great economic offices of state, here is the bank of england and about two miles down the road that way the treasury, and the leaders of those two institutions i think came together to date to make a big point about brexi

francine: i think there are two things i learned today from that speech at mansion house.the boe and the chancellor. the chancellor saying he wants to prioritize financial services in the negotiations and mark carney saying that he is not ready to raise rates because brexit will have an impact on the economy. tom: and a clearly lose -- clearly moved the market. right now with your tuesday first word news, here is taylor riggs. taylor: prosecutors in the u.k. have charged barclays and four former executives with conspiracy to commit fraud. the case involves millions in paid -- paid to investors in cutter -- qatar. john barley, the former x wealth t chief, chief. it shares of barclays are little changed. in the u.s., president trump is blaming what he calls north korea's brutal regime for the death of the college student. beingarmbier died after released from north korea last week. three other americans are still jailed in north korea. the man accused in the london mosque attack is being described by his mother as "disturbed." his mother told his -- told "the and her son is

speaking at the mansion house in central london, philip hammond said without a flexible deal with theconomy could be at risk. when the british people voted lastjune, they did not vote to become poorer 01’ less secure. they did vote to leave the eu, and we will leave the eu. but it must be done in a way that works for britain, in a way that prioritises british jobs and underpins britain's prosperity. alongside mr hammond today, the governor of the bank of england. he said that brexit was likely to make people poorer and that there would need to be a transition period after the completion of the brexit process in 2019. a monetary policy committee cannot prevent weaker growth that is likely to accompany the transition to new trading arrangements with the eu. it can support households and businesses, as they adjust to such profound change. two great economic offices of state. here is the bank of england, and about two miles down the road that way, the treasury. and the leaders of those two institutions, i think, came together today to make one big point about brexit. put the economic weal

we were expecting to hear philip hammond speaking last night in the mansion house but that was cancelledlondon. what were we expecting to hear from towerfire in london. what were we expecting to hearfrom him? towerfire in london. what were we expecting to hear from him7m towerfire in london. what were we expecting to hear from him? it is a week since the uk election. that election was called so that the prime minister theresa may could get a mandate, strengthen your position, to deliver the kind of brexit she had promised. we are out of the single market, the customs union, no deal is better than a bad deal, that is what she said. she fell short of a majority and has to go into talks with the dup, the northern irish party, to try to get a majority. are we going to get that kind of approach now when the brexit negotiations start on monday? in a way it was a shame we didn't hear from philip hammond. 0f way it was a shame we didn't hear from philip hammond. of course, we com pletely from philip hammond. of course, we completely understand why he cancelled it. he is thought to favour a softe

a dovish tone to his delayed mansion house speech earlier goal prices down 0.8% yesterday.hey are roughly flat this morning. slightly higher at 1248. >> the head of the bank of england says now is not the time to raise interest rates. speaking to london's financial community this morning, mark carney warned of weak wage growth and a potential hit to incomes as britain begins talks to leave the european union. >> long we will all begin to find out the extent to which brexit is a gentle stroll along a smooth path towards the land of cake and consumption. but whatever happens, monetary policy will be set to return inflation sustainably to target while supporting as best it can the necessary adjustments in the economy. >> i hope it does lead to cake not sure why he used that word >> the pound is down 0.3% against the greenback. carney says depending on how talks progress, businesses may need to activate contingency plans. >> on the size of that move in sterling, that's on the back of last week and the bank of england decision, no change in rates. the vote was 3 to 5. 5 voting f

he is speaking at the annual mansion house gathering of london's financial elite i'm not there.d been speculation that prime minister may might replace hammond who is seen as a strong supporter of britain's banking industry >>> 12 people are known to have died in a fire that tore through a west london tower block on wednesday. officials are worried that the death toll will rise as the search continues bill neely filed this report >> a nighttime inferno hundreds trapped inside as a 24-story apartment building dissince greats. hundreds of firefighters battling to get them out they signal desperately for help, most had been asleep when the fire began at 1:00 in the morning. >> screaming help, help. all those windows, people are gone >> they pleaded from the upper floors but for many help never arrived. >> the fire just went, took them there's no way they got out. >> reporter: a nightmare caught on one neighbor's cell phone >> there's a family. kids >> reporter: one resident used a flash flight to send an sos. >> this guy. this hero. >> reporter: and from inside, one woman filmed he

later in the week, we hear the mansion house speeches of mr. hammond, who thought he would lose it if may got an overwhelming mandate, he will make his speech and mr. carney as well, important in the brexit vote last year. then you have monday. monday the 19th. absolutely massive day. i will tell you why. one, you have the queen's speech. the queen's speech? who listens to that. listen to it. you want to see how much of the may/tory manifesto has been shredded and has even made it to the government plan for parliament and you have the small matter of the brexit negotiations starting. if you're confused on this side of the channel, can you imagine how they feel about it in brussels? i feel so sorry for some because they have no idea where the brits are coming from. >> steve, thank you very much for that. joining us is lord francis mode, steve raced a lot of interesting points. mr. osborne said theresa may is a dead woman walking. can she survive this week politically? >> she can survive the week and some months, but i don't think a single person

carney i think in yesterday's delayed mansion house speech, we are teetering on a 1.25 handle as i speak. 1.2598 losing another big figure as we speak. aussie tldollar losing ground let's look at european equity markets. again, you heard me. this time yesterday i said i don't get this energy falling aggressively yet the rest of the market looks robust. we saw a down tick i wouldn't go too mad about the dow down tick. european markets are taking this signal we're talking about lofty evaluations a trailing ftse. i'm seeing various estimates, 25, 28 times as well these are high evaluations especially when you have under pressure sectors such as house builders xetra dax down 0.7 of 1% it was only a day or so ago we were hitting new record levels should we have a look at u.s. futures. down tick on the major u.s. indices. big news, house speaker paul ryan says the united states will not reach its 3% gdp growth target without an overhaul of the tax system now speaking to cnbc, ryan said the gop was aiming to pass tax reforms by the end of the year he also refused to rule out a cut in corporatio

well, the annual mansion house dinner in the city of london, which was due to take place this evening the chancellor, philip hammond, withdrew from the event where he was expected to offer reassurances to businesses worried about the impact of brexit. the treasury says the chancellor will address those issues at what it called a suitable time in the near future. 0ur economics editor kamal ahmed is here and, kamal, we were expecting a significant intervention from the chancellor tonight on brexit? we were, but understandably the normal run of news events has been postponed, given the events of the last two days. but as you say the treasury say the speech will happen, when it's appropriate. and as you say as well, it was going to be a speech which may be revealed a slightly softer tone towards the whole brexit negotiations than the tone we heard before the referendum. we are told the brexit negotiations will start on monday, despite the events of the last 48 hours, so those negotiations will begin. i'm sure that mr hammond will make his speech in the next few days. two significant annou

breakfast at the mansion house down the road. mark carney and philip hammond's speak shortly.e from that event. in september, live from the fed.

you heard philip hammond reference this yesterday in his speech and at mansion house. you need to be able to bring people from across borders. unfortunately, we are going to this brexit negotiation. peter: there is a very specific skill set, one premised on ai, that are in high demand. when you are on the brink of a technological revolution, being able to automate at a low cost, it does suggest that it could be a lot lower than currently estimated. oft: peter chatwell is head european rate strategy at mizuho international. he will stick with us. when we come back, oil holds steady right now, but after sliding into a bear market. guy: this is a big story for the fixed income market. we will talk about the implications, next. this is bloomberg. ♪ guy: 23 minutes past the hour. welcome back. matt miller and myself here in london. also here, sebastian salek. resigned,kalanick has with a series of controversies that has rocked the start up. stepping aside to avoid another conflict. the right hailing -- ri de-healing company has been dogged by allegations. toshiba -- the pre

chancellor of the exchequer has cancelled his annual speech to the elite of british business at the mansion houseexpected to make it clear he wants jobs and the economy to be the first consideration of brexit. shares in furniture chain dfs have slumped 22% after it issued a profit warning. the company blamed the general election for contributing to a sharp fall in demand in the second half of its financial year. it said it had seen "significant declines in store footfall" since march. more losses this time. wine retailer majestic has reported a £1.5 million loss in theirfull year results as they reach the end of a turnaround programme. but says revenues were up 11%. it says it can weather uncertain economic times. the markets. sharp falls. the ftse is down 78 but the big fall is on the 250. it is much more of a smaller domestic fund, and they've had one of the biggest falls this year. worries about higher interest rates. there are worries they could be in the pipeline sooner rather than later. the european markets are also putting the dax down at 1%. the dowjones looking shaky. the nasdaq, those

addressto mansion house and it will take place tomorrow. a few clues on the fiscal spending side.he moment, here is the open on the gilt market. yield sinking just a little bit higher on the u.k. 10-year. let's move on to the u.k. equity pitcher. the markets are moving higher. asian equities were strong in today's session. we are up by 6/10 of a percent. some of the material stocks are doing well in the early minutes. some of the material stocks are doing well in the early minutes. before the european stocks have a strong day, once again we had a strong session coming through it europe. we saw a car stocks doing good. all of that was despite the fact we saw weakness in the u.s. section, at least flat to negative in the u.s. section. it's the transatlantic divide. let's look at the shanghai market. this is the close. we are closing out in china. interesting week for the chinese. msci debating on whether to put asia in the global indices. the speculation we are hearing being talked about in shanghai. it seems to be one of the reasons we saw shanghai stocks pushing higher today. and

chancellor's brexit agenda was supposed to be delivered over a sumptuous banquet at the city's mansion houseek, but it was cancelled following the grenfell tower tragedy. today he turned up at the same venue for a glass of water — no bowtie, and not a single mention of austerity, only sober warnings about what brexit should and shouldn't mean. when the british people voted last june, they did not vote to become poorer or less secure. they did vote to leave the eu, and we will leave the eu. but it must be done in a way that works for britain, in a way that prioritises britishjobs and underpins britain's prosperity. today, one of the uk's successful export industries gave its own warning that unfavourable divorce arrangements with the eu would be worse than any threat or challenge they have faced in modern times. car—industry executives think a favourable divorce could take five years, not two. we need to be brutally honest. the chances of getting the bespoke and comprehensive new deal we need is going to take a long time. and we don't have a long time with the clock ticking. what we need is a

mansion. out in the back garden. >> keep it up, you're going to be in the dog house. >> i could be anywhere inhe world and i think i'm a very lucky lady to have such a space. >> well, from that mini mansion to this mini doll house where little kylie -- >> is your head actually stuck, kylie? >> yes! >> how in the world did you get your head stuck? >> poor baby. poor, poor baby. >> but it's so cute to see her almost defeated. i was just trying to get through. >> look through the top right window. there's like a sibling inside enjoying the show as well. >> don't worry, i wouldn't take a picture of this. record. >> let's go to the other side. hi, kylie. >> hi. she's so cute. >> like hey momma. >> pull your head down. now slide out. look up. turn your head. now pull out. >>> i told you guys that all you need to do to become a world record holder is spend 74 minutes of your day walking 4,000 feet. however, you would also have to do that 800 feet in the air. because that's kpaktly what samuel voleri did here in turkey. he set the world record for the world's longest slack line. 4,000 feet across this

when you look at the mansion house speech, is this philip hammond trying to get people to focus on a comes down to your definition of a softer brexit, a lot of people think it is remaining in the eaa . i think the look hammond will look at pragmatic brexit, that is mainly looking to secure a transitional deal for the u.k. in march of 2019, we do not want a cliff edge for business and he will push theresa may to give businesses more certainty. let me bring you to my terminal chart. goes throughrs, it the probability of a bank of england rate increase. a simple chart. in the last couple of months, that probability has decreased significantly. is this because inflation is important, the bank of england can afford to live through it. >> that is right and the u.k. is facing a cost push shock with inflation at 2.9%, all accounted for by the fall in sterling. that is squeezing household real incomes and greeting a headwind for demand. that is what the bank of england will focus on. you throw in the fact that wage growth has been exceptionally weak. ultimately, you need to wait growth to get

we've lost over a thousand state legislative seats years, weast eight lost government mansions, we have the smallest house caucuses. lost control of the senate. we're not in a good place. moment from that sort of of where did we go wrong. just so you know about my background. i grew up in rural virginia. i ran for congress there unsuccessful in 2010. lived in ohio near youngstown in the heart of the rust belts. right now i live in kentucky. i seen a lot of these shifts partyrom the democratic close up. that was the genesis. thinking about how we can win in these regions again and get back to governing. people's househe project and the idea for it in apocalypse"ersinged if we're going to change where need to change the kind of candidates we're running, how we're running those campaigns and the issues that we're running on. what i mean by that is, right candidatesof the that we select on our side and obviously i'mo, more expert on my side of the aisle, that's what i focus men critique on. the way we go about selecting candidates we think about who has the greater connections to fundraising circles. who can

the london tower fire tragedy prompted the organizers of the mansion house dinner to cancel the eventrict last night. hammond hadhilip been expected to give a key speech on the economy and make a case for brexit that focuses on maintaining jobs. and luxembourg, hammond outlined his approach to leaving the e.u. >> we are just about to discuss weaving the e.u. and the article 50 letter that we have sent. but it is a negotiation and as we go into that negotiation, my clearview and i believe them at geordie of britain -- my clear view and i believe the majority of britain believes we should protect job growth and prosperity. in simon joining us kennedy and still with us, pierre lagrange. simon, what did we learn about brexit? seven days since we had that cute upset in the election. is it soft, hard, or scrambled? pragmatic.keyword is elements of the conservative party are pushing behind that word and that agenda, are going to get stronger. whether they lost or not remains to be seen. hammond andm philip perhaps amber rudd, ruth days -- ruth davis of scotland on a brexit that focuses more

house. >>> a mansion vacation. how you can spend your summer living the high live. >>> good friday morning to you. watch shares of nike today. sharply higher this morning after the company reported better than expected earnings last night. nike also launching a pilot program to sell unlimited number of shoes and products on amazon ending a long stalemate between the companies. if successful could boost sales by up to half a billion dollars. >>> airbnb offer customers a taste of luxury. tell us about that. >> it is going upscale with plans to rent out mansions and penthouses later this year. reports say the short-term rental service called airbnb luck will start testing in november. >>> give you a quick check of markets. rebound from yesterday's losses sparked by a renewed selloff in tech stocks and rise in global bond yields. dow and s&p having worst day in more than a month also the markets stay closed off the lulls of the session. >> happy fourth. >>> gunned down on the road. a teenage ser killed in an apparent f

speaking at the mansion house earlier this morning, mark carney said brexit negotiations meant it wasn'ting and investment, and given the subdued inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment. in the coming months, i would like to see the extent to which weaker consumption growth is offset by other components of demand, where the wages begin to firm and more generally, how the economy reacts to the tighter financial conditions and the reality of brexit negotiations. a van driver has been killed after migrants put tree trunks onto the motorway to stop traffic near the french port of calais. the incident happened in the early hours of the morning on the a16 motorway after the van, registered in poland, hit a lorry which had been blocked by the tree trunks. nine eritrean migrants were found in one of the lorries. a teenage boy has drowned in a reservoir in rochdale in greater manchester. he was reportedly swimming with friends at the greenbooth reservoir at around six o'clock last night. a police spokesman said there are not thou

the 79 room mansion that you see is not the house that ruth and ogden mills move into. ruth mills inherits her great-grandfather's house, which had 25lt in 1832 and rooms. after her marriage in the 1880's she inherits this property, 200 acres and this 25 room greek revival house. is vyinge 1890's she to become the next queen of new york society. 25 room house is simply not large enough or not opulent enough for the kind of entertaining she and ogden want to do, particularly her. to be the next reigning queen of society have to do this olympic level entertaining yourtantly and a build reputation as the hostess of perfection. rooms, guest rooms and rooms for the service, these gorgeous decorated spaces are meant to overwhelm and send a clear message about her prominence and her welatalth but also her lineage, how established she is in society and so, they decide in 1894, they commission stanford white to expand the earlier home, that 1832 home, to what we see today. and you know, people may say, been easierd have to knock down that earlier home and start fresh. you do not

good morning from mansion house, the official residence of the lord mayor of london.ondering what on earth is going to happen next. what does all of this legal uncertainty mean for our economy and for daily business life at the moment? there has been some research by the institute of directors, an organisation that lots of business leaders are members of, looking at what exactly i mean, at how people feel about it. they polled their members and asked them about how they felt stuck around 65% of them said that they feel that business confidence is fallen now, they feel uncertain about what the future may hold. that is political uncertainty we have now is not really helping them. many people are thinking come on, we need to get on with brexit talks and get some certainty into the business world so they can plan and work out their investment with a nest. this does not help the mood in the city like this. businesses all over the country are trying to work out what it means. there was an initial reaction on friday to the result in the currency markets. since the referendum

trent died, there are 20 different residents of the house. mansion,the governor's the mayor is addressed. we have a patriot living here at different times, of course, and we have several private residences, the last of which give to the house to the city at the end of his tenure in 1929. this was not the best year for this country. but it will come up again with help from the wpa. since thee been open 1930's or so. i would really like to impart to visitors how important this house is for the development and the continuous history that comes along with the area. this house has seen a lot of by people who have lived here and taking care of the property. we have colonial times, revolutionary four times, to present day and this history is very important, things we cannot and howuch as slavery the extension of colonialism brings about changes to this area that we see today. >> [indiscernible] fire. [gunshot] 18they talk about the century culture and how the french and indian war and revolutionary war are confused in the minds of most americans and rightfu

the heurich house in washington dc was built by christian heurich, a german immigrant who started a successful brewing company in 1872. today, we toured several rooms in that mansion, also called the castle, --of the brewmaster's castle to learn , about the heurich family. this is the first of a two-part series. >> hi, welcome to the heurich house museum. this is the home of christian heurich, washington, d.c.'s most important brewer. he was a philanthropist, and he also was the largest nongovernmental employer and landowner in the city during his lifetime. he lives to be 102, and when he died he was still operating his brewery, and he was the oldest brewer in the world at that time. we are standing at his dupont circle mansion which was really his "i have arrived" statement after he made it in america and built up his brewing empire. this was built between 1892 and 1894. it was a technological innovation of its time. it had all of the latest technology in it. he lived here with his family until he died in 1945 and his wife died in 1956. heurich is an american story and he is an important story in washington, d.c. history that has been lost over time. in washingto