michael lewis. the fifth risk. thank you.ally appreciate t. >> thank you for having me. >> when we come back, there are 28 days to the election, which means there are 29 days to what could be a big set of changes in the trump administration after the election. if you have psoriasis, little things can be a big deal. that's why there's otezla. otezla is not a cream. it's a pill that treats moderate to severe plaque psoriasis differently. with otezla,75% clearer skin is achievable. don't use if you're allergic to otezla. it may cause severe diarrhea, nausea, or vomiting. otezla is associated with an increased risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. should monitor your weight and may stop treatment. tell your doctor if you have a history of depression upper respiratory tract infection and headache may occur. tell your doctor about your medicines and if you're pregnant or planning to be. otezla. show more of you. if your moderate to severeor crohn

michael lewis. the fifth risk. thank you. we really appreciate t. >> thank you for having me. >> when we come back, there are 28 days to the election, which means there are 29 days to what could be a big set of changes in the trump administration after the election. ♪ ok here we go guys, you ready? hi! cinturones por favor. gracias. opportunity is everywhere. ♪ it's gonna be fine. it's a door... ♪ it's doing a lot of kicking down there. waiting to be opened. ♪ whatever your ambition... ♪ whatever your drive... ♪ whatever you're chasing... driver, are we almost there? we're gonna have a baby! ♪ daddy! daddy! opportunity is everywhere. ♪ all you have to do to find it is get out... here. ♪ at booking.com, we can't guarantee you'll good at that water jet thingy... but we can guarantee the best price on this hotel. or any accommodation, from homes to yurts. booking.com booking.yeah >>> 29 days from now, a whole new world opens up for donald trump, a world of firings, pardons, who knows. the day after the congressional election don

michael lewis joins me now from washington to talk about all of this. welcome to the program. >> well, thank you for having me. >> it couldn't be better timed, actually, because of what we see in the united states, but we also have a real disaster in independent knees yeah that points out what happens when government institutions are hollowed out. i know you look particularly to the united states but tell me what you mean by the fifth risk, how was that coined and what does it mean? >> i'll tell you how it was coined. i started by -- the story really starts with the trump administration not bothering to engage in a transition with the obama administration. they were meant to have hundreds of people flooding into the federal government the day after the election to receive briefings that had been a year in the work and it was the best course ever created in how the federal government ran waiting for them, and they didn't show. didn't show to the point where they were like little finger sandwiches on the table that didn't get eaten and parking spots that

michael lewis has details on that in his new book and will join me, next. >>> all right. here's how you demolish the federal government. understaff it, hire people incomp tent, indifferent, or both, and what you get is a government with nearly half of 700 key government positions untilled. and just as one example from michael lewis' new book, a jaw dropping amount of data suppression, under which usually lay a narrow commercial motive, a gun lobbyist, a poultry company. great to have you here. >> thanks for having me. >> so let me start with this -- the book is unnerving. and it makes you think we are playing russian roulette and just haven't gotten to the bullet yet. >> trump is unnerving, right? my god, what they did in taking over the government was so radically irresponsible. the idea that he fired everybody in his transition operation, and didn't actually go and bother to get the briefings across the government, that three months ago, i'm getting briefings in some of these federal departments that no one has given before because no one bothered to hear about it. thes

in his new book, "the fifth risk," bestselling author michael lewis reports on the trump admistrationd its approach to staffing the federal government. william is back with test installment of our newshour bookshelf. he began by askingthim to explaibook's title. >> it's the risk you're not it's the thing you're not thinking about when you're worried about whatever you're worried about. and the beginning of this story is the federal government, a portfolio of risks that have been managed, most of which we some not thinking about, risk that ale nucar bomb didn't go off, or that we don't have an accurate picture of society, and u move across the government, ic's breath taking how many mission cr things there are and how it's being done in spite of thts vague hostilatity ociety has to its own government. our reporting really covers the period after trump is clearly going to be the president and the traition that goes on when one administration switches to the next. how would you charact broadly speaking, how that transition happened and what occurred? >> so there's what's supposed to happ

christie: some stuff in michael lewis's book is right and some of it is wrong.he whole scene when the president burst in and screamed at me about raising money never happened. it never happened. another steve bannon-created fiction. why do i know it was steve bannon? there were only three people in the room, me, the president, steve bannon. i know michael lewis didn't interview the president and he didn't interview me, so who did he interview? that's it. it never happened. the present read a story on labor day weekend 2016 that we were having fund-raising problems with the transition. he calls from air force one and said, what are you raising, how much money? i said donald, remain calm, it is $1 million. $1 million. that's it. it's not a lot of money, and most of it is coming from my fundraising list, not even yours. i went to the apartment the next and and steve bannon was there for half the meeting. he walked in in the middle of it. all the president said to me was are you going to raise any? i said no. we had 140 people on staff. we had office space in washin

sheriffs association, tim wagner of the major county sheriffs association, donnie youngblood and michael lewis of the international chiefs of police, they are a key part in our law enforcement plan, these united states attorneys, 94 together, to work with local law enforcement to achieve the goals we have set that cannot be achieved in any other way. a distinguished group meeting -- the interest that you have. before i say anything else i want everyone to know this department is responding to suspicious packages sent to several leaders, and media outlets the last few days. yesterday i spoke with fbi director chris ray and deputy director, we met with and briefed the president to bring him up to date, the fbi, atf is working on this and i thank our law enforcement officers dealing with explosive devices pointing out the courage officers display. i would be worried indeed to have to handle something that could be as dangerous as this. we are proud of the administration, we condemn the actions that led to these activities in the strongest possible terms, terms, determined to make sure we get to t

coming up we'll go to the new york stock exchange and get a trader's take and michael lewis has a new book out he'll join us coming up on "power lunch." >>> welcome back to "power lunch. fourth quarter starting out with nice gains as the market responds to the new trade deal can investors expect this record rally to continue? let's bring in steve grasso, fast money trader and director of institutional sales steve, thanks for joining us we have this deal with new nafta and nafta 2.0 or nafta 1.5, whatever we want to call it here does it give us any hope does it give the market any hope maybe we can work things out with china is that part of what we're seeing here today? >> i think it's 90% or -- i'd even be as bold as to stay 98% of what we're seeing here today. it doesn't matter what the deal is what you call it, it's clarity so the market loves clarity. something tangible they keep their hands on, portfolios on. where do they want to be end of quarter, end of month, last week so now it's a reset. chase for performance going into year end everyone is sort of setting it up with energy,

michael lewis joins us now to discuss the book. read, michael lewis. bravo to you. >> thank you. >> let's start in the beginning where you say lost in transition. because the way it starts, it doesn't seem like the trump administration even realizes they need to have a transition plan in place. >> slightly more complicated than that. chris christie had built a multi-hundred person team to go in after the election. he would qualify people to do it and trump fired the entire team the day after the election. so what you had on the one hand was the obama administration really had about a thousand people -- they created what was announced as the best course ever created on how the government works. it's not an idealogical course. it's like go to the center for disease control. how did you handle the zika outbreak so you know how to handle it again? these breefiefings never happen. >> this is like passing on best practices. we're going to help you out, going from democratic to republican, and the trump administration didn't show up for m

michael lewis has details on that in his new book and will join me, next. l join me, next.ght here. get mentally prepared... could listening to audible bring out your best? i want you to own it. go after that goal. the most inspiring stories, fitness, wellness and more. download audible and listen for a change. fitness, wellness and more. you always get the lowest price on our rooms, guaranteed?m let's get someone to say it with a really low voice. carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go? nice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at choicehotels.com warning, california. a handful of billionaires have spent over $70 million on campaigns to undermine our public schools. and electing a former wall street banker named marshall tuck to superintendent of public instruction is all a part of the billionaires' plan to take money away from neighborhood public schools and give it to their corporate charter schools. that's why to

michael lewis, thank you so >> thanks for having me. >> woodruff: and finally tonight, a look at a placeht here in the united states where scientists say the effects of climate change are plain to see. john yang traveled to tangier island in the chesapeake bay-- a tiny speck of land that is shrinking as the sea level ses. >> reporte the sun is barely up, but the watermen of tangier, virginia, have already been out on the chesapeake bay for hours. one after another, boats shuttle back and forth into the island's tiny harbor carrying their wlicious cargo: chesapeake blue crabs,ch thrive in these waters. they've provided a livraihood for geons of residents on .his bit of mud and marsh 12 miles from sho >> i'm a commercial crabber, my son's a commercial crabber, my father was a crabber, grandfather, great grandfather... >> reporter: james eskridge is the mayor of tangier, known to everyoney his childhood nickname-- ooker. like the other60 or so residents of t island, his life is defined by the water. >> we harvest crabs, fish, oyster clams and it's all about the seafood. it's what-- it's how

and i know that michael lewis didn't interview the president, and he didn't interview me, so who'd he interview, you know? let's see, one, two -- yeah, that's it. never happened. the president read a story labor day weekend 2016 that we were having a fund raiser for the transition. he called me from trump force one and said how much money are you raising? i said, donald, it's a million dollars. it's a million dollars, that's it. it's not a lot of money. and most of it is coming from my fundraising list. not even yours. so just remain calm, it's okay. he goes, all right, well, come to the apartment tomorrow, let's talk about it so i know what's going on. so i did go to the apartment the next day, and steve bannon was there for half the meeting. he walked in in the middle of it. all the prime minister said to me was -- president said to me was are you going to raise any more? i said, no, we've got 140 people on staff, we had office space in washington, d.c., we did have some expenses. and he said to me, all right, go ahead. and he did say to me i'd like to shut down the transition, it's

sheriff donny youngblood and michael lewis and the international association of chiefs of police whosented today. they are key partners. and our law enforcement plan calls on these united states attorneys, all 94 together, to work with our local law enforcement to achieve the goals that we have set and they cannot be achieved in any other way, frankly. so it's a distinguished group. and the meeting and size of this crowd indicates the interest that you have. before i say anything else, i want everyone to know that this department is responding to the suspicious packages that have been sent to several political leaders and a media outlet in the last few days. yesterday, i spoke with fbi director chris wray, and deputy director dave bowditch, and we met with and briefed the president to bring him up to date. fbi and atf are working on this, and i want to thank all of our law enforcement officers. in dealing with explosive devices, it point out again the courage officers display because certainly i would be worried, indeed, to have to handle something that could be as dangerous as this.

michael lewis, best selling author of money ball and the big short explains government bureaucracy in"the fifth risk." fox news host tucker carlson offers a critique of leaders of the republican and democratic parties in "ship of fools." in "good and mad," rebecca traister looks at how women's anger has been used to create transformative political movements throughout history. best selling biographer bob spitz profiles president ronald reagan. and in "on desperate ground," hamptonsides recounts the p korean war battle of the choseen reservoir in 1950. our look at this week's new releases continues with history professor david blight's biography of frederick douglass. in cyber war, kathleen hall jamison, director of the university of pennsylvania's annenberg public policy center, weighs in on russia's interference in the 2016 election. and in "we are the nerds," journalist christine chafkin reports on the growth and culture of the web site reddit. hook for these titles in bookstores this coming week and watch for many of the authors in the near future on booktv on c-span2. ♪ >> on cons

>> michael lewis, whose new book is out now, it's the rare person who has something new to say about trump, which is not easy. >> welt, a lot of people are talking about him. >> great to have you. we have a new episode of our podcast, why is this happening with carol anderson, about the history of voter suppression, the forms it takes today. download it anywhere you get for this evening. "the rachel maddow show" starts >>> tonight the final article written by jamal khashoggi before he vanished from inside that consulate in turkey. the topic, a free press. meanwhile, president trump still seemingly on the side of the saudis. plus rod rosenstein tonight defending the russia investigation, calling it appropriate and independent. we've got a former u.s. attorney standing by with more. and this president is a lot of things, but subtle he is not. a day after publicly calling a woman horseface he's talking about his popularity with college-educated women while placing himself between two women for the cameras to see all of it as "the 11th hour" gets under way on a wednesday night. >>> good

that is the alarming message o "the fifth risk," the new book by the brilliant nonfiction teiter michael lewis. >>> from the unid states to europe the rise of liberal democracy.es the eu accusungary of targeting immigrants and the rule of law. i put this to hungarian foreign minister peter szijjarto. and one year aer a heavily armed gunman massacred 58 music fans in las vegas, our michelle martin to larry ward, a

according to author michael lewis, that's not how things went during the trump administration.encies waited for weeks until anyone even showed up. he's chronicled it all in the new book the fifth risk and we have been discussing what he found. what is the risk of a president not preparing properly for his government, the risk to the american robert? jim watt trumpeted, showing up robert? jim watt trumpeted, showing up and not getting briefings from the administration. —— doing what trump did. the federal government is the largest institution on the planet. it manages the portfolio of risks, many catastrophic risks, the nuclear arsenal is the most obvious but the... that portfolio of risks, unmanaged, becomes everyone becomes more likely to happen. there's one thing after another that the is managing, that the president manages. it's a different structure than in england, it is run by political people. the president of men to manage this massive organisation and donald trump is told through the campaign he has to set upa told through the campaign he has to set up a transition te

tomorrow i speak to author michael lewis. he's had blockbusters like "the blind side" and "the "the big short"." his new book "the fifth risk" documents how the trump administration is undermining its own government. but for now that is it for our program. thanks for watching. join us again tomorrow night. >> announcer: this is nightly business report with sue herera and bill griffeth. >>> dow powers higher. the blue chip logged the 15th record close of the year. >>> auto packet, honda and general motors team up to create a new generation of driverless cars instead of going it alone. >>> hack attack, layers of security are meant to provide extra protection when you log on. but a former hacker says that's not the case. those stories and more tonight and nightly business report for wednesday, october 3rd. >>> and good evening, everyone. and welcome. the dow jones industrial average pushed further into record territory. investors cheered a solid

tomorrow i speak to author michael lewis. he's had blockbusters like "the blind side" and "the "the big short"." his new book "the fifth risk" documents how the trump administration is undermining its own government. but for now that is it for our program. thanks for watching. join us again tomorrow night. ♪ ♪ - this week we're coming to you from tokyo, we're on the oldest shopping street in town, established around the 16th century. it's connected to a temple just down the way. we're here to cook with someone you probably know, elizabeth andoh. she's been in japan since the 1960s, she's an expert in japanese home cooking, written many books, and we're going to cook two really simple home dishes: a chicken teriyaki-- these are chicken thighs cooked in a skillet

we were talking to michael lewis. he was here yesterday. this is the ultimate money ball game.e a's with a $62 million payroll. and it may not matter if the a's play well tonight. they move on to fenway. >> but, mike, i understand. it's the first time this has happened since 19 what. the a's are going to be starting a pitcher that didn't get a single win all season. why did they -- it was a bizarre choice. >> well, it's baud melvin, one of the best managers in baseball. he doesn't have the kind of staff the yankees have. where they can short continue game to five innings and then go to your bullpen. so he's going to start with a closer and he's going to have a series of closers probably up until the third or fourth inning and bring in one of his starters. it's worked so far. again, the magic of it is one and done. the other team goes home. >>> now to breaking news this morning, the u.n.'s highest court has just ordered the u.s. to lift some sanctions on iran. the ruling is legally binding, but the question is whether the president will comply. we'll talk to former national secu

next is best-selling author michael lewis report on government bureaucracy in fifth risk. followed by whiskey in teacup. foreign and domestic forces attempt today sabotage president trump's presidential campaign. some of these authors have or will be appearing on book tv after their programs have aired you can watch them on our website booktv.org. c-span launched book tv 20 years ago on c-span2 and since then, we've covered more than 15,000 authors spanning more than a thousand weekends, malcolm has appeared on book tv 17 times n2000 he talked about his book the tipping point. >> it's actually quite familiar in television, it was invented by sesame street. one of the cool things about sesame street, ideas about how to make television work start with sesame work and moves to mainstream. you could argue, i think, legitimately that sesame was the most important on structure. >> you can watch over the past 20 years, type the author's name. >> jody pico, in-depth guest, live call-in program on sunday november 4th at noon eastern. recent book is a spark of light, other books inc

i believe lewis can go all the way. equal michael's record, no problem.hat a british driver, lewis hamilton, has had the opportunity and mercedes. what is even more exciting for me is that five world championships was the easy pa rt five world championships was the easy part for lewers. the next part is to do it next year, which i believe can be a sixth and then hopefully a seventh. well, most people in f1 agree that hamilton has the talent, but the other question is whether formula one is still even his priority. jacqui stewart told the bbc last week that he can see him getting burned out and focusing more on his interests in the music and fashion industry. he had his face on a billboard in times square not long ago. the other issue that may face hamilton going forward is the opposition that he will start to base in the next two years. this is max verstappen who won the mexican grand prix, the raceway hamilton won the title. verstappen has already been on the f1 circuit for four yea rs. been on the f1 circuit for four years. he is one of a number of new

what michael lewis was talking about in his book. >> people who spend their lives, dedicated, no honor, they just do their job and protect people and there are lots of them in the government that people don't know about so this great specific story, a great light on a lot of it. >> we'll continue to follow her. >> anna, thank you. >>> prince harry and meghan markle are showing a more informal side of the royal family while in australia. how they chose an iconic beach location to s we all want white teeth. you know doc how can i get whiter, brighter teeth. and the dentist really has to say let's take a step back and talk about protecting your enamel. it's important to look after your enamel because it's the foundation for white teeth. i believe dentists will recommend pronamel strong and bright because it's two fold. it strengthens your enamel, but then also it polishes away stains for whiter teeth. so it's really something that's a win-win for the patient and the dentist. and ah mother nature sure doesn't cut any corners when she paints a morning like that. and we know there is no shor

>> back to wage inflation though, jeff bezos was asked of the increase of wages last night to michael lewistake a listen to that. >> we are trying decide if we want to change, we realize we just made a decision, well, you can offer competitive competitions or you can decide to lead. as soon as we frame it that way, let's decide to lead i think people will follow >> interesting, a big fund manager says yesterday on twitter that raising your wages are cool, what's not cool is demanding federal equivalent to make sure you are not at a disadvantage >> perhaps productivity have increase at amazon they use honeywell, it finished spinning off of the other part of it. >> they got a big robot factor brad jacobs, a nice note from jacobs today listen, we are using 5,000 robots it is not demanding a single thing. >> no. they have very few demand right now. remember the will smith movie "i-robot," you never know. you got to watch out healthcare, we have not doubled that yet but, i will get this $15 an hour, that crushed yesterday's market and it crushed it and the stitch fix crushed it. you have interne

of michael lewis's "flash boys" is on his mission to level the playing field. he joins us next.zilian polls close on sunday, where we go live to sao paulo. the issues and stakes involved. this is bloomberg markets: the close. caroline: time now for our top calls. i'm kicking things off with bmo upgrading eli lilly, the price target $130. it will reach about $11 billion, up 1.3%. that's eco-is getting downgraded to neutral from outperform or rick cory, expecting fell at margins in 2019, saying more investment is likely needed in north america. we are trading flat in pepsico. and jpmorgan downgrading hp from neutral to overweight. they expect renter margins to come under pressure with investments in 3-d printing and a shift toward prescriptions. up 19% year to date. -- has been on a mission to level the playing field for all investors and companies. he is back to tell us about his latest victory. brad is ceo and cofounder of ie , a speed bump designed to slow down high-frequency traders. im, interactive brokers. what is the single most important benefit for the company it gets by

i believe lewis can go all the way. and equal michael's record, no problem. had the opportunity with mercedes and i think what's even more exciting for me is that five world championships was the easy part for lewis. the next pa rt was the easy part for lewis. the next part now is to do it next year, which i believe can be a six and then hopefully a seventh. well, hamilton may have the talent, but the other question is whether f1 is still his priority. sirjackie stewart told the bbc last week he can see the briton getting burnt out and focussing more on his interests in the music and fashion industry. the other issue that may face hamilton going forward is the opposition coming through. max verstappen won the mexican grand prix this weekend, and even at 21 years old, he's already been on the f1 circuit for four years. he's one of a number of new drivers who could start to challenge. next year is going to be hard. ferrari have got a new driver coming in and another new one coming into red bull and also max verstappen, who won the race yesterday, he is phenomen

now only one driver in the sport has ever won more championships and lewis hamilton retired racing legend michael schumacher with seven here's a look at what makes hamilton the driver to beat. lewis hamilton champion again his fifth formula one world title has arguably been his toughest the mercedes driver expected and initially got a big challenge from ferrari before he was able to streak away to overall victory i think it's just really about been consistently been the most consistent so far. but says it seems it started off a little bit up and down to begin the season initially the briton struggled to keep up with title rival sebastian fettle at the mid-season break the ferrari driver was in the lead with four wins and eight podium finishes defending champion hamilton was trailing sat in a technically inferior car. but the team and their star driver didn't pan. spirit within the team is stronger than it's over them and these experiences that we've been having and how we've been handling them have really united us more than any other year the team's engineers showed their worth they moved quickl

sufficient >> what's clear, not only is it not sufficient it's slow there have been changes made since michael lewis incentive for a public fee and they have a private one so why make it robust >> you said it is the for profit side of the exchange they're supposed to maximize profits unless there's mon nop poistic practices going on, this is how they make money >> i'm sure she will explain >> you're not going to put on price controls and not let a private entity decide what the information is worth >> no, sir i want to make them prove they're doing it competitively >> is everybody going to have to prove -- >> competitively, yes, sir >> do you think they're gougers, they're gouging with mal intent? >> i think they host proved competition is leading to price increases. i want to make sure investors only pay competitive price increases. >> people think it's not investors, goldman sachs and jpmorgan, you think of the cost for investors, it has gone down year after year and you look at the total prices they have to make it somewhere. >> there is no better way to hide the prices is monopoly. >> the guys a

to the all—time podium, michael schumacher seven titles, lewis hamilton on number two. and you take notice. already the most successful british driver in formula 1 history, after eight gruelling months of racing, time to stop and reflect on his place amongst the greats. the former england and tottenham manager glenn hoddle remains in a serious condition in hospital after suffering a heart attack yesterday. he was working as a pundit for bt sport on his 61st birthday, when he collapsed. his family have released a statement saying he is responding well to treatment and they are especially grateful to staff who treated him immediately after he fell ill. match of the day 2 follows this programme so if you don't want to know today's premier league scores turn over now. chelsea moved to second in the league after beating burnley 4—0. crystal palace ended arsenal's 11 match winning streak with a 2—2 draw. and manchester united had special guests at old trafford. thejuniorfootball team from thailand who, earlier this year, were rescued after more than two weeks trapped in flood

equalled juan manuel fangio‘s record of 5 titles and is nowjust two behind michael schumacher on seven. john watson reports. lewiston, five—time world champion and this, an all—too—familiar feeling. his intent to get there was clear from the start. commentator: hamilton makes an incredible start! a seventh place finish or above was all he needed. he was up from third to second at the first corner. for title rival sebastian vettel nothing more than a win would do. passing hamilton, he kept his own slim hopes alive. a ninth—place finish here last year was enough to win hamilton a fourth title. this year, too, would be far from straightforward. tyre problems saw him drop back. but the hard work had been done before this race, his nine wins this season giving him an significant points advantage and breathing space. max verstappen might have crossed the line first but all eyes were on hamilton, coming home in fourth. that intense lewis hamilton focus on being quicker, whatever the vehicle, has always been there. through his boyhood, through karting, he has been unstoppable, doing it his way. after eight gruelling mont

equalled juan manuel fangio's record of 5 titles and is nowjust two behind michael schumacher on seven. john watson reports. lewiseeling.

sheriff donny youngblood and michael lewis, international association of chiefs of police are here todayorcement plans calls on these united states attorneys, all 94 together, to work with our local law enforcement to achieve the goals that we have set and they cannot be achieved in any other way, frankly. so it's a distinguished group and the meeting and size of this crowd indicating the interest that you have. before i say anything else, i want everyone to know that this department is responding to the suspicious packages that have been sent to several political leaders and a media outlet in the last few days. yesterday i spoke with fbi director chris wrae and deputy director and we met with the president to bring him up-to-date. fbi, a.t.f. are working on this and i want to thank all of our local law enforcement officers in dealing with explosive devices, just points out again the courage our officers display because certainly i would be worried, indeed, to have to handle that could be something as dangerous as this. across the administration we condemn the actions that led to these a

lewis hamilton focus on being quicker, whatever the vehicle, has always been there. through his boyhood, he has been unstoppable, doing it his way. so to the all—time podium. michaelwow. he pulls out a qualifying lap from nowhere and wins a race in the wet from miles, no one is close. already the most successful british driver in formula 1 history, after eight ruling months of driving, time to stop and reflect on his place among the greats. i'm so gratefulfor the i'm so grateful for the people back home. return us, everybody who has been a part of it. —— petronas the stock i have always been into mercedes, since i was 13. —— petronas. it's an incredible feeling and very, very surreal at the moment. leicester have postponed their efl cup match against southampton that was due to take place on tuesday evening after the death of their owner vichai srivaddhanaprabha. the club have confirmed he was one of five to lose their lives in a helicopter crash outside their king power stadium last night. the three premier league matches today all marked the incident. manchester united's match against everton held a minute's silence to reflect on the tragedy, along with marking

michael schumacher with seven titles has more, but his record could be under threat. absolutely fantastic, five world champions. if there is any doubters out there, i believe lewis equal michael's record no problemm can go all the way an equal michael's record no problem. it has been an incredible journey which began here at the kart track near his childhood home in stevenage. lewis hamilton was just eight when his dad burst brought him here, but now could the kid who once whizzed around this track go on to become the most successful driver in formula 1 history? what's he got on the track he was something else. i remember watching a bit of film yea rs later remember watching a bit of film years later and i said, there is lewis. and he said, dad, that is the second time he has gone past me. we got quicker, but nothing like him. he could do things that others could not do and it was fun to watch. and how that prodigy has now fulfilled his potential. five down for lewis hamilton, but his race for history is farfrom hamilton, but his race for history is far from over. hamilton, but his race for history is farfrom over. andy hamilton, but his race for history is far

i believe lewis can go all the way and equal michael's record. no problem. for sporting history. andy swiss, bbc news. let's go back to our main story now and today's budget — the last before brexit — which has just been unveiled by the chancellor this afternoon. 0ur economics editor kamal ahmed is at the treasury for us now. tax giveaways a year earlier and more cash being spent than expected, what is your assessment.” more cash being spent than expected, what is your assessment. i think anyone who thought this was going to bea anyone who thought this was going to be a quiet budget, a cautious budget was frankly wrong. the apartment today has tried to change the economic direction of government policy. to put it in context, in 2010 and austerities started, the government mapped out a five—year plan when they said that public spending would be cut by 3% per year. in 2015 another five—year plan, public spending cut again by 1.3%. now here is philip hammond today saying from 2020 public spending will rise by 1.2%. the 0ffice spending will rise by 1.2%. the off

is it possible that lewis hamilton could surpass michael schumacher. chance that he could do it. let's ta ke every chance that he could do it. let's take a look at this that. lewis hamilton is already the most successful at pole positions, he has got that record, but schumacher has the most race wins, with 91. if schumacher wins today, he will only be 19 points behind schumacher. he has only got two more years in his contract with mercedes, but he wins an average ten races a year, if he continues like that, he could get a seventh world title at the same age as schumacher, 35. he has every desire to keep going beyond 2020, he says he wants to drive the new cars that are coming in. if he's still got the desire, he could go on to be the greatest. come back and keep us up the greatest. come back and keep us up to date on the latest in the next hourfor up to date on the latest in the next hour for us, up to date on the latest in the next hourfor us, nick up to date on the latest in the next hour for us, nick parrott, up to date on the latest in the next hou

so the first problem, the first problem is the set of issues that the author michael lewis has addressed on a number of occasions with the securities trading markets. we have allowed through technology privileged actors who have more money, more mathematicians to game the daily workings of our securities markets. they do so through trading pools that are opaque called dark pools. they do so by literally putting their computers in front of yours and mine through something called co-location which is literally taking a computer and paying the exchange to put it closer to the exchange's computer than you or my broker's computer is. these processes taken as a whole has fundamentally tilted the markets all, but the most formidable institutions and a fundamentally undone the promise of the 1933 and 1934 securities laws that we would have a level playing field for all investors. nobody believes we have a level playing field for all investors in today's securities markets, and the sec has allowed this to happen since the adoption of something reg mms in the early 2000s, and it should have been f

i don't think it's too early to say. 91 when sir michael schumacher, 71 wins for lewis hamilton.yself, i already compare him, jim clark from the number one. hamilton already number three as far as i'm concerned. it's notjust the result is his very special talent. since he was an 80 roald and the boss of mclaren —— 80—year—old and went up to the boss of mclaren and saidi went up to the boss of mclaren and said i want to drive for you. the car wasn't working earlier in the year, he had a torrid time will stop he has turned it around with incredible skill and determination. it is chris here, putting up on that point, i think you can put him in a broader spectrum amongst the greatest british sports people of all time, transcending formula 1. yes, that's absolutely right. bbc sports review personality of the year, when looking forward to that. —— we are looking forward to that. there is no question. a fifth world title, it's only human fangio and michael schumacher —— it is only human, fangio and michael schumacher that would have achieved that. it is the british teams as well that a

lewis hamilton insists he's not thinking about trying to match michael schumacher‘s record of seven formulaeyes were on hamilton as he achieved something only two men have done previously. okie, guys. it has been an incredible journey. another is more to come and more big challenges ahead, we still have a title to win for the team so that is my sole focus right now. —— 0k, guys. heading to los angeles, hopefully we'll see my dogs tomorrow then back to the uk to see the team but i want to the uk to see the team but i want to thank everyone who has come out and supported me throughout the year, travelling around the world. it means the world to me. thanks so much to the team. i love that, thanking the dogs, then the team! the all—time record holder remains michael schumacher with a total of seven titles, followed by legendary argentinian racing driverjuan manuel fangio, who hamilton now shares the position with. meanwhile, another win for manchester united the premier league yesterday — with some very special guests of honour among the spectators at old trafford. take a look. these are the wi

but michael schumacher has seven world titles. that will be lewis hamilton ‘s fifth.ooner or later, you get tired of it. i got tired at a very young age. 34 years of age, i retired. and i went on to other things. like in most sports, you burn out and he will burn out. he will choose to retire. the england and wales cricket board has dismissed allegations that a small group of england players were involved in spot fixing in seven matches. the claims were made in an updated documentary made by the qatari—based broadcaster aljazeera. the players were unnamed and the ecb says the limited information is poorly prepared and lacks clarity and corroboration. the documentary has also been dismissed by fast bowler mark wood who is with the england squad in sri lanka. itjust does not really bother me, to be honest. i mean, we get sort of corruption, anti—corruption training. i have a guy called peter o'shea who i trust a lot. he is on the end of the phone if i need him. all of this stuff has no sort of hit or anything like that to it. it is nothing new to me. if they came up wit

michael schumacher has seven titles. that is a tremendous feat. even his background and where he has come from, and lewissay. he has not always been the always loved sports star. they are all rather provides, and they? , the world of motorsport. you could say it is not a real sport in that sense. well, i differ with you here... do you know the physical pressures that around them? have you seen the training that they have to go through? he is only 33. he has got plenty of time. it's really great that we've got a champion. if you compare him with lionel messi, it is a slightly different comparison, isn't it? he has said it was a horrible race. i got off to a great start, then i really do not know what happened after that, i was trying to hold on and bring the car home. with lewis hamilton, he always makes the race exciting. you can guarantee that with him, even if you feel ill halfway through. he has been with mercedes since he was 13. absolutely. he has been loyal to his tea m absolutely. he has been loyal to his team and they have been loyal to him. the question is, will we start loving him? we admired a

lewis hamilton focus on being quicker whatever the vehicle has always been their. through his boyhood, through karting, he's been unstoppable, doing it his way. so, to the all—time podium. michaelry, after a gruelling months of racing, time to stop and reflect on his place amongst the greats. john watson, bbc news. much more on lewis hamilton through the morning on the programme. away from formula one, the football was overshadowed by the death on saturday of leicester city owner vichai srivaddhanaprabha. leicester have postponed their efl cup match against southampton that was due to take place tomorrow evening after it was confirmed he was one of five to lose their lives in a helicopter crash outside their king power stadium. the three premier league matches yesterday all marked the incident. manchester united's match against everton held a minute's silence to reflect on the tragedy, along with marking rememberence sunday, as did burnley and chelsea, who also held a silence. former leicester midfielder ngolo kante is part of the chelsea squad and paid his own respects at turf moor. after those tributes, the matches did get underway and the pressure on manchester united bossjo

lewis hamilton says he is not thinking about trying to match michael schumacher‘s record after winningow shares his position with. i don't look at it that i have missed things. everyone has to sacrifice things, but i'm doing everything they want to do. am i sacrificing? there are for sure sacrifices will you need to make sure and deliver, but they are not sacrifices that you wish you didn't have to make. they are sacrifices that will get you what you want to be. if at the beginning of the year and his said you have to leave this site, leave that out, stay in, do these different things, then you will get yourfaith, these different things, then you will get your faith, dam these different things, then you will get yourfaith, dam right these different things, then you will get your faith, dam right that will get your faith, dam right that will do it! the australian cricket team says they will not allow sledging to get out of hand any more. a report into the culture of the team was launched after the scandal of players using sandpaper on the ball. we now know what is right and wrong. we kn

michael schumacher? you want his fifth world title in 2002 when he was 33. lewis hamilton is 33. the mexican grand prix is this evening...hamilton's within touching distance of his fifth formula one world title, an achievement that would take him second in the all—time rankings. patrick gearey reports. smooth acceleration with some well taken corners. do that with a bit more horsepower behind him and lewis hamilton will be world champion. of course, a formula 1 car is more complicated beast, especially on a scorching track in mexico city. hamilton wasn't happy with his pace in second practice. 0nly managing to go seventh fastest but if he finishes seventh in the race, that will be enough to win the title. that's because he leads sebastien battle by 70 points in the driver standings. even if hamilton finishes outside the top seven, sebastien battle will need to win in mexico to have any chance of catching him. still, hamilton wants to win the and the championship, and at session with victory that was their even as a blue peter boy racer. we won the race! well done. the phrase has

it could be a huge day for lewis hamilton which would put him second in the all—time behind michael schumachers thrown me, i do not know what i am saying now. you almost forget what an achievement this is. we are so used to him winning. particularly in the kind of performance he has put in this season we do best in vettel has run him close for a few seasons but is not really being there at all this season, vettel, he has faded away, so it has been a procession for him. formula one qualifying was held so late last night that lewis hamilton's exploits haven't made the back pages of the papers but he's sure to be headline news tomorrow if he can clinch a fifth world championship in america later. the briton only needs eight points more than sebastian vettel to win the title, and he has the advantage of starting the us grand prix from pole, as nick parrott reports. some sporting rivalries can be better but this one is cordial. it would appear that the briton is to wina would appear that the briton is to win a fifth world title in texas, in the lone star state he has no equal, hamilton has won the