mike ashley wants to save it, wants to ta ke mike ashley wants to save it, wants to take control of it chief executive and the company doesn't go ahead with its alternative refinancing plan which would see all the shareholders including mike ashley wiped out. the deadline for that refinancing plan is coming either late today or possibly, not entirely sure it later in the week but it's very soon. mike ashley if he wants to stop he has to stop talking and put its money where his mouth is. the fate of debenhams will be decided in the next couple of days. why is that this push back against him or is that clear? they say he hasn't made a concrete offer. they cannot say whether they will accept the offer until he puts a formal offer on the table. he's talked about putting an offer and set out conditions that will be around the offer like him becoming chief executive immediately but there isn't an offer for them to accept. we are betwixt and between at the minute. it looks more like the current alternative, the plan a, the refinancing plan will go through but the ball is mike ashley plasma co

we have seen mike ashley already have a near 30% stake.even offered to put into hundred million pounds worth of new shares and he said he would underwrite them. the problem for this company is in his crippling amounts of debt. £625 million, this company last week was only worth £20 million. the board of debenhams took the view of their interests were best served by reverting to its lenders. they have can “— reverting to its lenders. they have can —— taken control and they include a couple of banks and hedge funds who sometimes buy this date in the knowledge that they want to take control because they want to take control because they want to take control of the company. sports direct have cried foul and say they could have saved the company. the bbc has been talking to the ft chief financial officer. even though we believe we have given very achievable, very good, solvent solutions for the business, they have not been interested. they have completely wiped out the shareholders and they are planning to shut a lot of stores, thousands of peo

isn't mike ashley just a bad loser?good retailer, which is a lot more than you can say for the board of debenhams. debenhams state his proposals had too many strings attached and didn't address its fundamental problems. which run deep. a lot of the seeds of debenhams' problems were sown during its private equity ownership about 15 years ago. they stripped out loads of cash, replaced it with debt, and that diverted funds that might otherwise have been used to invest in the business. debenhams is in the hands of its banks and us hedge funds now. an undignified outcome for this household name. they are already looking for a new buyer, one willing to take on its debts. emma simpson, bbc news. a doctor convicted over the death of a six—year—old boy can return to work, a medical tribunal has ruled. in 2015, dr hadiza bawa—garba was found guilty of gross negligence manslaughter over the death of jack adcock. she was struck off last year, but appealed against the decision. an inquiry has heard that a police helicopter, which cr

they're 170 million in debt the idea of mike ashley taking over. almost nothing to the lenders are in control, it is a situation where your mortgage is bigger than the value of your house. the lenders say they haven't had a concrete offer from mike ashley. and also theyjudge that the offers he has made doesn't leave them in as good a position as good as their plan to take over. in term of going into administration today it could be placed in administration?m into administration today it could be placed in administration? it is a prepack administration, that means the administration and the outcome of the administration is preplanned, they go before the judge and say this what is the lenders want and the lenders take control and you know what you're going to do. you leave behind some of debt ands debt and you have a new debenhams. switching stories, the the former nissan chairman, carlos ghosn, what has he been saying? he has made a recorded statement, he knows he was going to be arrested again, and the main thing mrghosn going to be arrested again,

sports direct shares are on the up, despite mike ashley's failure to rescue debenhams.nnounced its intention to recover the oldest ice on earth. the group will drill deep down inside the east antarctic ice sheet. if the project is successful, researchers believe it'll give them a record of the climate going back around one—point—five million years, which could help with future predictions about climate change. here's our science correspondentjonathan amos. it's a never—ending expanse of white. this is one of the most remote places on earth, high in the interior of the east antarctic ice sheet. temperatures here are regularly down around minus 50 celsius. but it's in this freezer that answers are likely to be found to explain how our planet's climate will change over the the coming century. a consortium of european scientists have picked the location, called little dome c, to drill for the oldest continuous ice core on earth. the beyond epica project has spent the past three years camping out on the barren landscape and surveying what lies beneath. they're now convinced

ironically, mike ashley might still conceivably end up buying it.n mill and other well—known brands. he has been interested in debenhams before, so thatis interested in debenhams before, so that is one possibility, or the other might be that some kind of turnaround company might hope to ta ke turnaround company might hope to take charge. and obviously, 25,000 staff will be worried. what are your thoughts there? luckily for them, as part of this prepacked, things will be fairly stable in the short term, but debenhams have already announced plans to shut about 50 stores. 50 stores, yes. so that is likely to happen, so there is short—term stability, but debenhams needs to be restructured further to have a chance of rekindling shoppers' affections. a story we will come back to a lot. thank you very much, george. that is it from me for now. thank you, steph. good news in the short term. game of thrones has become one of the most talked about tv shows of the last decade, and its filming locations are proving to bejust as popular. the last ever series is s

the company rejected a rescue attempt by mike ashley's sports direct.nuing to trade as normal for now, although 50 branches have already been marked for closure. our business correspondent emma simpson is in london's oxford street. debenhams fell into administration but was then immediately sold to its lenders in a prearranged sale, meaning tonight this chain is in the hands of its banks and us hedge funds. this is an important business. it has 166 stores across the uk, more than 25,000 workers, and last year it racked up sales of nearly £3 billion a year. but it has been struggling to make a profit. it has too high a rent bill and too few customers and way too much debt it couldn't afford. we have had this extraordinary battle for control and mike ashley has lost the best part of £150 million today, or should i say it's sports direct‘s money. he was the biggest shareholder in debenhams, and his stake has been wiped out along with other investors and he is furious his offer was rejected, saying today it was a national scandal and regulators should rever

control of the struggling high—street chain, after rejecting rescue efforts from sports direct‘s mike ashleyst prolific cyber criminal to be sentenced in the uk — the student who blackmailed porn website users online. and looking back at concorde, 50 years to the day since it made its first british test flight. and coming up in the sport later in the hour on bbc news, we'll look ahead to this evening's champions league quarterfinals, including the all—english tie between tottenham and manchester city. good afternoon and welcome to the bbc news at one. theresa may has held talks in berlin with the german chancellor, angela merkel, ahead of a crucial emergency eu summit tomorrow in brussels. the prime minister will next head to paris to meet the french president, as she tries to secure an extension to britain's departure date from the eu. the chief brexit negotiator for the eu, michel barnier, said leaders hoped that talks between the government and labour would result in an agreement on mrs may's stalled deal, and he said the eu was willing to grant more time to achieve that. our first report

mike ashley is that mickey tried to launch a ta ke over that mickey tried to launch a takeover bid.r the leaders to be put into jail, we will see if that happens. laughter but debenhams a problem is very sent a medic of a lot of problems with the high street. localauthorities lot of problems with the high street. local authorities and the government will eventually have to think about they have very big stores. —— a systematic up a lot a problem. cost of change a lot. increasingly it is very hard to operate in high streets. if you look at the average earning since the financial crash, they haven't really re cove red. financial crash, they haven't really recovered. the cost of everything else has. people have less of the cash, they are spending more of it into print outlets like amazon and online retailing. and debenhams is suffering. -- online alex was at one with the last time you are in debenhams? i cannot even remember. i shop on the high street. she raises an interesting issue here. no government really has got to grips with this. the genie is out of the bottle. they will not go

and the top story in the uk: the sports direct owner mike ashley says debenhams move into administration is a "national scandal", and has called for the process to be reversed. now on bbc news live to singapore for asia business report. global will slow down. the imf cuts as growth forecast to its lowest levels of the financial crisis. as global slowdown. any election countdown. a day to go until voting begins, whyjobs are such a hot campaign topic. hello and welcome to asia business report. we start with the global economy. the international monetary fund has cut its growth forecast for this year to 3.3%. the lowest level since the financial crisis. the chief economist also warned over the good negative effect of trade wars. the impact of tariffs show up in multiple ways. just the contraction and trade that happens which we did observe but the biggerfactor is with respect to confidence with the one with take into account competence effects, business and consumer, the impacts of global growth is even sharper. are you more concerned right now about trade tensions between the us and china

the struggling high street chain after rejecting a rescue plan from the founder of sports direct mike ashleyvoting is under way in the israeli general elections. prime minister benjamin netanyahu elections. prime minister benjamin neta nyahu is elections. prime minister benjamin netanyahu is aiming for a fifth term in office but faces tough competition. married couples will be able to divorce more quickly and with less difficulty after landmark changes to the law but critics say the current system allows for calm reflection. ina in a moment it will be time for sportsday but first a look at what else is coming up tonight on bbc news. at 7pm on beyond 100 days we are in paris to follow the prime minister's talks with french president emanuel macron. at 8pm, live in israel where the exit polls will have closed on those elections which are expected, benjamin netanyahu aiming fora which are expected, benjamin netanyahu aiming for a record fifth term in office but faces tough competition. and at 10:a0pm and 11:30pm my guests on the paper review will be guardian columnist dawn foster and former dir

mike ashley, he wa nted administration., but hasn't been able to, he has really been expressing his anger about that. normally announcements to the stock exchange are couched in very nice legal terms. he said it was a national disgrace and everybody who had advised their board should go to jail. a bit of hyperbole, really. he was a big shareholder, he owned 30%. at the debts were so big, that the lenders took control and shareholders no longer had control. he lost about £150 million. obviously he is very angry about that. some of the things that fall out of this is that he has registered an interest to buy the company out of administration. he could perhaps end up being the owner of debenhams. also, he said he might consider legal action against the debenhams board, the company has offered no comment at all on what he had to say. finally for the business round—up, some railway franchise news? never a day goes by without another row or debacle on the railways. stagecoach, one of the last few uk companies actually interested

the influence of mike ashley is there and delete east to believe it is on the line? death of this. he looked up to the edge of the earth to try to save debenhams and their staff. this is a story that has had many twists and turns at the beginning of this year, and i think it is going to continue. they certainly do not feel that this is the end of the battle quite yet. meanwhile, practically, stores are going to close. 50 i am told. at that picture get worse?|j going to close. 50 i am told. at that picture get worse? i think that thinking is at the beginning of the year at the christmas trade at 50 stores were closed, i think i will be speeded up now and maybe other stores as well that will follow suit. this business has got to many physical shots. in a well way online, we —— physical stories. they need a smaller number of stories. if they do that, there is some chance alongside thinking investment, which is needed, to try to pull some shoppers back. if that part at the fundamental problem again, we have heard it a lot as far as change, and not getting enough of onlin

in the business news: retail tycoon mike ashley, who has tabled a rescue bid for store chain debenhamsed programme of falsehoods and denials". he's now urged them to take a lie detector test and called for an investigation. mr ashley has offered to inject £150 million into the ailing department store chain, in return for being appointed chief executive. mr ghosn is gone. nissan shareholders have voted to oust the company's former boss carlos ghosn from its board, officially ending his relationship with the firm he rescued from near bankruptcy 20 years ago. mr ghosn was re—arrested in tokyo last week over claims of financial misconduct. business optimism is at its lowest level since 2012 over ongoing concerns over brexit, according to new research. the biggest falls were amongst service sector firms. other recent figures have suggested business output was growing, but analysts suggest that's simply because more firms are stockpiling supplies ahead of the uk's departure from the eu. so, mrghosn has so, mr ghosn has gone, removed from the board of nissan by its shareholders. it was a thre

and the top story in the uk: the sports direct owner mike ashley says debenhams move into administration

extra cash, but that will effectively see shareholders wiped out, and the biggest shareholder is mike ashleyoposals to try to take control and it has been getting really acrimonious, and his latest offer was rejected this afternoon. barring any last—minute developments, tonight it looks like debenhams will fall into the hands of its lenders, possibly as early as tomorrow, because they are effectively calling the shots now. what does it mean for stores? business as usual for stores and workers, but lenders will want to close stores inevitably down the line. emma, thank you. the foreign office says it's supporting a british woman after she was arrested in dubai over facebook comments she'd posted about her ex—husband. laleh shahravesh, who's from london, described her former husband's new wife as a horse. she's due in court on thursday, and faces two years in prison under the country's defamation and cyber crime laws. richard lister reports. laleh shahravesh returned from dubai with her daughter three years ago, expecting her husband pedro to follow. but he divorced her, and ms shahravesh disc

the department store rejected last—ditch rescue offers from mike ashley's sports direct, which has beencontrol. i have been speaking to a retail expert who wait out the potential that an investor might come in and help the trouble store. it's a retail brand name that people do well. but finding a buyerfor name that people do well. but finding a buyer for now will be tricky because up until yesterday, mike was saying he would buy it. he would go in as ceo but that has been rejected by the board. and whilst this sacrament is ralph continues and iphone kay think there will not be many interested in biting them at the moment. you think he is still there and maligned? the moment. you think he is still there and maligned ?|j the moment. you think he is still there and maligned? i think what he is saying today is that he really wa nts to is saying today is that he really wants to fight to the death on this thing and said he would go to the ends of the earth to save their staff this afternoon. this is a story that has had many twists and turns since the beginning of this year and turns since th

always mike ashley. let's have a look at the times.on saturday. looking so grand national on saturday. looking so well with friends and family. the mike 0'leary kids with the grand national trophy. if you can zoom in, that has got to be the best fringe i've ever seen on human or horse, tiger roll is the best haircut! beautiful, beautiful brave horse and it is in all the papers. he got quite a lot of mentions yesterday, james cracknell. not the only man in the boat about breaking records and making history yesterday on the thames. talk about making history, this is how to make money. this mother started putting videos of her children with toys on youtube. apparently, she is making £1 million a year. things they do, they open toys. i don't get it. a year. things they do, they open toys. idon't get it. ijust a year. things they do, they open toys. i don't get it. ijust don't get it. you just open stuff and play with it. i want to mention because i think they do a little bit of art as well. they have been designing eggs, and we have a spec

on monday, debenhams turned down a similar proposal from mike ashley's company to put a hundred and fifty retailer. the new offer was rejected, because mr ashley wanted to be chief executive. the department store chain issued three profit warnings last year. the american actress felicity huffman is among fourteen parents who have said they will plead guilty to being part of a university admissions scandal. it's been alleged she paid a consultant fifteen—thousand—dolla rs — that's11 and a half thousand pounds — in an attempt to get her daughter into a top us university. the case is thought to be the largest of its kind in american history. that is a summary of our main news this morning. back to you, victoria. thank you. he's one of the most prolific cyber criminals the uk has ever seen and he's due to find out his punishment this morning. unemployed student, 24—year—old zain qaiser blackmailed hundreds of thousands of porn website users around the world. qaiser will be sentenced at kingston crown court this morning; our corr matt cole explained what qaier was accused of. it was one of big

mike toebin, fox news. ashley: senator bernie sanders holding a rally in pittsburgh, reaching out to working class voters. >> donald trump has told literally thousands of lies since he began his campaign, since he has been in the white house. the biggest lie was that he was going to stand up for working families and take on the establishment. ashley: fox news holding a town hall with senator sanders today at 6:30 p.m. eastern in bet lee bethlehem, pennsylvania. cheryl: president trump's re-election campaign raising more than $30 million in the first quarter. that is slightly more than top two democratic rivals combined right now. his campaign says 99 of those 9e donations were $200 or less. bernie sanders raising $18 million in the first quarter, followed by camilla kaa harris with $12 million, beto o'rourke raising $9.4 million. ashley: american airlines now extending flight cancellations through august 19th following the grounding of the boeing 737 max jet. that works out to 115 flights a day or 1.5% of its flyi

in the business news: retail tycoon mike ashley, who has tabled a rescue bid for store chain debenhams and called for an investigation. mr ashley has offered to inject £150 million into the ailing department store chain, in return for being appointed chief executive. ghosn is gone. nissan shareholders have voted to oust the company's former boss carlos ghosn from its board — officially ending his relationship with the firm he rescued from near bankruptcy 20 years ago. mr ghosn was re—arrested in tokyo last week over claims of financial misconduct. business optimism is at its lowest level since 2012 over ongoing concerns over brexit, according to new research. the biggest falls were amongst service sector firms. other recent figures have suggested business output was growing, but analysts suggest that's simply because more firms are stockpiling supplies ahead of the uk's departure from the eu. good morning to you. it can't have helped to escape your notice that in five days the uk is due to leave the european union. labour says it hopes for further talks with the government to try to fi

have been talking about their ca 5 h flow we have been talking about their cash flow problems and mike ashleyo you can't buy and sell debenhams shares. that is because we are expecting an announcement today, a lot of people saying it will probably be an announcement saying they will be put in administration, that means the shops continue trading, they continue trading, but they will look for someone to essentially try and buy the business. so you know we are talking about 165 stores across the uk, 25,000 people who work for them. they will be wondering what it means for them. they will be wondering what it means forthem. in the they will be wondering what it means for them. in the short—term, things carry on. we already know debenhams has had problems for a while and it is said they're going to close 50 stores over five years. but this latest news is that the shares have been suspended this morning. that means a worrying time for even who works there —— everyone who work there is? yes, but it carries on while they look for a buyer. thank you. the american actress who starred in desperate hous

ashley parker and mike, thank you for spending time with us and your reporting today. jared kushner may have spilled the beans on white house view in russian assistance in presidential campaigns chalking the entire russian operation up to a few facebook ads. that's all it was. why does kushner appear to be toeing the line at the kremlin. donald trump jr. refused to testify for the mueller report. we'll tell you what else we're learning about that meeting with russians. 2020 democrats break glass on impeachment. see who joined elizabeth warren's call for trump impeachment. all those stories coming up. l f impeachment. all those stories coming up. ♪ ♪ ♪ ♪ did you know comcast business goes beyond fast with a gig-speed network. complete internet reliability. advanced voice solutions. wifi to keep everyone connected. video monitoring. that's huge. did you guys know we did all this stuff? no. i'm not even done yet. wow. business tv. cloud apps and support. comcast business goes beyond at&t. start with internet and voice for just $59.90 a month. it's everything a small busin

the i think mike made his decision. ashley that feel exciting like buttigieg, harris are the flavor of the moment because you guys are in the bid them up before you tear them back down or are they real deal. obama turned out politically to be real deal. other people are kind of a flash in the pan. we don't know what is going to happen. we have no idea. ashley: it is fun to talk about it, bradley, thank you very much. >> appreciate it. ashley: look at white house. the president is due to take off or leave to air force, base force andrews there to take air force one to minnesota. talking about the tax plan and the economy in general. sometimes he will walk out, go to the helicopter, talk to reporters on his way there. we'll wait to see in it happens f does we'll bring it to you immediately. >>> the big sports story over the weekend anything but this, tiger woods winning his fifth green jacket at the masters. first major for tiger since 2018. america love as good comeback story. this is the granddaddy of them all. we'll deal with

. >> ashley parker, thank you. mike, as well. joining me from iowa, congresswoman gabbad who announced that she is also seesking her party's nomination. thank you for your time. let's start with the vice president here now that he is in the race. how does not affect your strategy? >> we're continuing to drive forward because i've got an important message that i think is resonating with people across this country. you know, i'm a soldier. i've served over 16 years in the army national guard. and that is actually how i got to know have not biden was through his son, beau biden, who was also in the national guard. through my experiences in that service, deploying twice to the middle east, serving in congress for over six years on the armed services and fofrn affairs committees, i know how important the responsibility that the president has to be the commander in chief, to make sure that our country is safe and secure. and i know firsthand the cost of war. so as president and commander in chief, i will end the regime change wars, the

possibly turned with this decision from referee mike dean, he handed out his 100th premier league red card — the first ref to get to that figure — to ashleyith their man advantage wolves captalised with this calamitous goal thanks to a philjones and chris smalling mix up. it's a set back then for united's new permanent manager. the first 20 minutes, we should have been through it up and i am not exaggerating either. they keep or make some fantastic states. we created a big chance it's a big promise in the game, but we just did not pounce on them. that is supple for you sometimes. today, 100% improvement from last time we came here. but the same result. —— that is football. solskjaer not happy — this is how his side are going to have to pick themselves up, they now don't play again until that huge champions league match against barcelona at old trafford next week, and solskjaer is going to have to prove his motivation credentials to pick his side back up after this one. thank you. let's have a quick look at some of the other day's sports headlines. bolton's next two home games could be played behind closed doors on safety grounds. the cham

ashley: 10 seconds, michael. there is no way they take mike pompeo out of these talks, are they?m out but he is there to stay and negotiate, right? >> absolutely. i think you're right about that 100%. cochange his tone. he could stop calling kim jong-un a tyrant even though kim jong-un is tyrant. ashley: we'll leave it there. michael, great stuff. >> thank you, kindly. kristina: imagine spending $2000 on a phone and it doesn't even work? the frustration some early users are experiencing with with samsung's new foldable phone. ashley, a new story for you. ashley: okay. kristina: facebook under fire yet again. latest mishap from the social media company. that is coming up next. ♪ mornings were made for better things than rheumatoid arthritis or psoriatic arthritis. when considering another treatment, ask about xeljanz xr, a once-daily pill for adults with moderate to severe rheumatoid arthritis or active psoriatic arthritis for whom methotrexate did not work well enough. it can reduce pain, swelling, and significantly improve physical function. xeljanz xr can lower your ability to

ashley: let's move to this story. escalating tensions. secretary of state mikeg the latest threat from north korea, what the move could mean for u.s. efforts to denuclearization the rogue regime. plus calling for evidence. why the kremlin is now fighting back against the mueller report and allegations of russian meddling. ♪ ble value of a business in the transportation industry without knowing firsthand the unique challenges in that sector. coming out here, seeing the infrastructure firsthand, talking with the people behind the numbers creates a different picture. once i know what a business is truly worth, we can make better informed investment decisions. that's why i go beyond the numbers. ♪ is it to carry cargo... greatness of an suv? or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. if you've never seen yourself in a mercedes, you've never seen these offers. lease the gla 250 for just $379 a month at the mercedes-benz spring event. hurry in

. >> mike: in "usa today" op-ed today, political commentator ashley pratt noted that biden's inappropriateching sure hasn't hurt support among women as early polling reveals that his high numbers are powered by women. but not all democratic women feel the same. let's watch. >> here's the thing, joe biden is probably the best chance they've got and he doesn't have a chance. there probably -- joe biden? crazy bernie and mayor pete? three white guys, two of them are brontosauruses from jurassic park and that is not going to sit well with the rest of this party that has gone so far left. i don't think -- biden is putting off this announcement. i don't know how badly he really wants this, and you have to really want this if you are going to have any chance of winning it. >> mike: there may not have been exactly the clip we are looking for but it's a doggone good one. i will tell you that right now. rush limbaugh is always good for a good word. let's go back to this issue of the accusations of joe biden. his being too much of a hands on candidate, if i could use that phrase. ari, how much is tha

barton, mike murphy, susan li, ashley webster. mr. murphy, to you first. strong to me at least, up over 5% compared to last year. we are going to go to new highs? >> we are going to new highs. profits are very strong. remember, also the bar had been lowered going into this earnings season. so the bar is easier to clear but just the fact that it's a lower bar is one thing. companies are actually coming out like you saw twitter this morning, they are coming out with some blowout quarters. companies are doing great. that's more profit for the markets. ashley: 20% of the s&p reported profits up 6.1% so far. stuart: they were supposed to be down 2.3%. we have beaten that. okay. ashley: so far, so good. stuart: new highs soon? >> new highs very soon. much more encouraging, i think, is that revenues are beating by more than profits. that's a key thing. that's growth, not just financial things. so that's really encouraging. stuart: now tell me about facebook and microsoft. they report on wednesday afternoon. amazon, thursday afternoon. all three of these huge tech

ashley. i'm told president trump in concert with secretary of state mike pompeo was the ones to make the decision to not allow this waiver process go forward. that waiver meaning that countries can no longer in couple weeks time purchase oil from iran or else they will face sanctions because i'm told essentially the president was fed up with this whole waiver process. the secretary of state earlier today tried to contend, at least this is the administration's point that oil prices, the oil market will not spike up. >> well if both the kingdom of saudi arabia and united arab emirates assured they will have appropriate supply for the markets and of course now the united states is a significant producer as well. i can confirm that each much those suppliers are working directly with iran's former customers to make the transition away from iranian crude less disruptive. reporter: the president's top economist is also down playing the link of possible prices an economy. >> we produced so much oil it is kind of for producers very good news when oil prices go up and for consumers of course it is not nece

mike murphy is here, d.r. barton is here, susan li, ashley webster. we are all here together. the entire conspiracy.reat year for stocks thus far. just gone straight up right from the get-go. murphy, what's the driving force? >> people realize that when you look out, we're not looking at any major negatives. we are actually looking at a strong economy. we are actually looking at housing starts to tick up a little bit so there's more positives out there for the market. people are saying best place to invest right now is the market and remember one thing. when you have a strong quarter like we did in q1, people start feeling good about their investments again so they want to allocate more money to them. >> strong earnings in q1, much stronger than anticipated. i think central banks around the globe are helping and this has been a broad rally. lots of stocks participating, not just a few big stocks dragging us up. that's very key. ashley: if you want yield, where are you going to get it? u.s. equities, right? stuart: at this moment, that's right. this is a story about amazon and its impact. amazon is l

mike murphy is here, d.r. is here, susan is back and ashley webster. thank you very much for all that hard work.eat stuff. this is all about earnings. this is the strength of earnings that's propelling this market up. am i right or am i right? >> you are correct. the bar was set very low, companies are coming in with very strong earnings so people want to put money off the sidelines coming into the market, people are buying the market. new highs are in sight and we will make them very soon. stuart: lots of money on the sidelines to come back in, you think? >> there is. mike is dead on there. i think that bar was set low but by analysts who get paid to do this work. we were at minus 4.2% on average for the s&p to go down in earnings year over year. now it's up to 2.3%. so much stronger than we anticipated. that's a good thing. stuart: sure is. if you set the bar low -- [ speaking simultaneously ] stuart: the dow is at 26,500, couple hundred points away from the all-time high. attention, parents. walmart will drop kids clothing off at your door through a new subscription service. you choose what y

ashley: that is it this is "coast to coast" i'm david asman in for neil cavuto. secretary of state mike pompeo is ending waivers for countries importing iranian oil. prices spiking on that and hitting five-month high. blake burman with the very latest from the white house. hi, blake. reporter: david, i'm told president trump in concert with secretary of state mike pompeo but really the decision of the president to decide to end this waiver process that allows for countries to import iranian oil and sanctions them if they do so. the administration today is trying to make the case this decision will not lead to higher oil prices. here was the secretary of state earlier today. >> both the kingdom of saudi arabia and united arab emirates assured us they will insure an appropriate supply for the markets. of course the united states is now a significant producer as well. oy can confirm each of those suppliers are working with iran's former customers to make the transition away from iranian crude less disruptive. reporter: saudi arabia's minister of energy said the following in a statement say

ashley: that is it this is "coast to coast" i'm david asman in for neil cavuto. secretary of state mikeke. reporter: david, i'm told president trump in concert with secretary of state mike pompeo but really the decision of the president to decide to end this waiver process that

asi million lifeline from mike ashley.face—to—face with new trade tariffs, especially after the ones last year. european manufacturers and exporters are struggling, and we are here because the us has threatened to respond to subsidies that airbus are benefiting from, which they think are hurting boeing. but there is another side to that story, because in 2012, the wto ruled that point had subsidies to the detriment of airbus, and it has not done enough to remedy that situation. it is not surprising that these two regions are supporting their big aircraft manufacturers, andi their big aircraft manufacturers, and i think in this case, it is pragmatic for them but to come to the table, sat down, negotiate instead of imposing tip tough measures against each other. and i think eventually they will get there. from the imf are saying that global growth won‘t be as quick as originally thought. des subsets of growth are granted in the last six months from imf. they know economic growth .2% for this year and 2.6 for next year. i thi

mike ashley offered to pump £200 million into the department store.ntinue trading but the business has come under the control of its lenders. nissan's former boss carlos ghosn has accused former executives at the firm of "backstabbing" and says he is innocent of all charges against him. in a pre—recorded video released by his legal team, he said he was victim of a "conspiracy" and wanted a fair trial. nissan says there is "substantial evidence" against him. the us is considering imposing tariffs on about £84 billion worth of goods from the eu in response to subsidies that support airbus. the world trade organisation says the subsidies have cost the us economy billions of dollars. aircraft and cheese are among the products that could be hit by the new us tariffs. more on that breaking story, news that debenhams has finally ended what is known as a prepack administration which gives the firm the opportunity to try to restructure some of its debt. let us get more detail now and work out what it could mean. a tough time for all retailers out there. sophie

what‘s going on with debenhams‘s and mike ashley? debenhams had turned down his offer.ore. so he is really truthful? a deep philosophical question. we won‘t go down that route. your managing director, what has gone wrong with debenhams?” think debenhams has been suffering from a lack of investment over the very many years. they got a very large portfolio of stores and long leases and so it has been very unmanageable and it is quite difficult in a department store to keep on reinventing your offer and moving with the market. so that is sat alongside difficulties in retail asa sat alongside difficulties in retail as a whole. they are not alone in the market in finding trading quite hard. mr ashley's bid, should be taken seriously? he is a very powerful retailer, a billionaire. he has been very, very successful in building his sports direct business and a lot of people rate him very highly. he has also built up interest ina highly. he has also built up interest in a lot of other retail companies including his more upmarket channel and he is growing those stores. i think yo

retailers that had been on the rocks, jaeger and peacocks, for example, he's a little bit like mike ashleypharmacy giant boots has cut its earnings forecast because it is struggling with generic alternatives to branded drugs. it owns the boots chain in the uk as well as an equivalent business called walgreens in the us. michelle fleury is watching this in the us stock exchange. what more can you tell us about walgreens? we have heard from donald trump in the past, talking about trying to lower drug prices and putting pressure on the industry as a result of that, as you are starting to see margins being squeezed, and that has had a knock—on effect on walgreens. the other thing, the company talks about wea kness other thing, the company talks about weakness in the uk market. no doubt some of that relates to brexit, so taken altogether, it has been a much more disappointing quarter for the company and the worst since walgreens merged with boots. you would think that a business selling medicines might be immune to retail pressures , medicines might be immune to retail pressures, but are they h