ijust told you, ministers want spreadsheet phil hammond as caretaker pm.as caretaker pm. and they want an immediate usurpation of theresa may. there should be a double headed beast at the top of the tory party which will be phil hammond and david davis, but only for two years. would they want the job, given what they have to do?|j do job, given what they have to do?” do know. it's a strange situation for the conservatives. in this case, the political editor has been speaking to a lot of people, a serving minister who is on the hammond side, who says that the pm's brand is so damaged, it's painful. the calculation that people are making is that she is so inadequate we cannot wait two years. that is the conservative's dilemma, she is toxic as a brand, and yet they can't figure out who to replace her with. when they do, they will. but philip hammond, what a turnaround for him! this is a fellow whose budget unravelled in two days and he is now supposed to be this safe pair of hands. he was sidelined during the entire election campaign and was going to be dumpe

this version suggests that theresa may will step down and that phil hammond will come in as a sort of suggesting he is not re—electable either but let's have him fora re—electable either but let's have him for a bit and we will have someone him for a bit and we will have someone else who is. make that gives them time to mind the golden generation. so he would take is passed the end of the brexit negotiations is the theory. but he would agree in advance that he would stand down, so he would be totally lame duck, as bad as what we have got and lame duck, as bad as what we have gotandi lame duck, as bad as what we have got and i love this quote that says "he told me, he beat phil hammond, "that it theresa may could be prime minister, so could he." there is a ringing endorsement, because most people would agree she is not doing a fantasticjob. i would people would agree she is not doing a fantastic job. i would love to be a fantastic job. i would love to be a wall in the conversations between those two. i wonder where these bits and pieces come from, briefings and nudges and winks that go

we have seen how phil hammond, a man who might have been sacked had theresa may got the result she hopedwerful player. as for brexit, the outcome of that story, nobody can really say. here we are on the eve of the queens speech were the government is god is set out its latest is the plans, what should people look out for a?l government programme which will be shorn of anything likely to lead to on timely embarrassing government defeat. instead we will see a government programme with a positive view of brexit running through it like the lettering through a stick of rock. they will be a measure to bring back to britain lawmaking powers. measures on the economy, security, fairness. in other words, the kind of positive vision that a lot of tories which is now they had to spread during the election campaign and that might have led to a more positive result. we will never know if they are right about that. but they are having to live with the result of a poor campaign. relative weakness and great uncertainty at a time of great national chains. john pienaar there. police are still questioning a

phil hammond is trying to soften the country's approach to the split. continues into that deadly london high-rise fire. prime minister may said today the outer covering known as tower,g used on grenfell was not compliant with building regulations. jeremy corbyn claimed the blaze exposed to the disastrous effect of austerity. british police have increased the number of people killed or presumed dead in that blaze to 80. they say a final death toll may not be known for months. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. scarlet: more headlines, morgan stanley increasing its dividends to $.25 a share from $.20 and announcing a $5 million stock buyback. american express raising to $.35 a share. citigroup, a buyback authorization and needs to make up for lost time after not being allowed to raise dividends or buyback plans by that much. its dividend goes up to $.32. this is bloomberg. ♪ scarlet: let's give you a recap of headlines that just crossed. american