being cut from the manifesto, the chancellor, phillip hammond, may need to find some more money from elsewhere in the budget later this year. the speech is expected to include the repeal bill which aims to ensure european laws continue to apply in the uk. an immigration bill will set out how the government intends to cut migration numbers. and, as part of brexit, a trade bill and customs bill are expected too. there will also be new counter extremism measures, and expect some form of new energy policy to impose a cap on household energy bills. there may also be concessions to the dup as part of an expected agreement for the party's ministers to vote with the government and pass the queen's speech. let's go straight back to westminster and our political guru, norman smith. just so much to chew over as we wait for the queen's speech. we will find out in about 90

speaking in the city of london, phillip hammond said that people had voted to leave the eu but not to become poorer. i'm confident we can do a brexit deal that puts jobs and prosperity first, that reassures employers they will still be able to access the talent they need. we'll have the latest on what philip hammond had to say on brexit on the eve of the queen's speech, as new questions emerge about the stability of theresa may's government. the dup says that talks with the conservatives on supporting theresa may's government are not proceeding as planned, and they warn against being taken for granted. police continue to question a 47—year—old man after a terror attack near a london mosque. his family say they're shocked and devastated. barclays and four former executives have been charged with fraud in connection with actions in the financial crisis in 2008. experts say it could be the hottest heatwave in june for 20 years. but as the temperature soars, a health warning is issued to those struggling to stay cool. and manchester united boss jose mourinho is accused of tax fraud by spa

the hard work begins says negotiator david davis as he heads to brussels to begin brexit talks phillip hammond says there will be a clean break with the eu. >> we are leaving eu and we will be leaving the single market and by the way leaving the customs you know >>> good morning, everyone it is monday, another scorcher of a day let's look at the european equity markets brexit talks begin the dax riding high by 1%. and the online groesher seen as a target of amazon has been given a rating other big retailers, they're rebounding from friday's selloff, following amazon's takeover of whole foods. ocado up by 8.6% >>> stick to bankening stocks. credit suisse at the top of the market thanks to broker upgrades analysts raised it and morgan stanley has coverage with overweights call share up by almost 3%. >>> let's switch gears another sad event overnight. london metropolitan police says too early to say whether a death at finsbury park was caused by the attack by a van driver that drove into a crowd of worshippers leaving a mosque ten are injured, two very seriously. senior national coordinator for u

we have been watching phillip hammond today who has been making his mansion house speech and clearlyruggle within cabinet about what kind of brexit this is going to be. can you confirm that there has been a discussion in cabinet since the election?” there has been a discussion in cabinet since the election? i do not think there is a conflict. what the chancellor said in his speech was that we were leaving the single market and the customs union but we may need some transition time to help by businesses adapt to that. i do not think any of us have a problem with that and i think what the chancellor has set out is actually very sensible and we need to look at the economic benefits and how we can maximise those that is exactly what we are doing in our discussions the united states. what he is talking about our customs arrangements similar to what we have at the moment within the customs union and a much longer slope, rather than this cliff edge. does that complicated for you when you're trying to sew up these global trade deals, if we have a longer transition bound by the customs union

speaking in the city of london, phillip hammond said that while the public voted to leave the eu, they didn't vote to become poorer. i'm confident we can do a brexit deal that puts jobs and prosperity first, that reassures employers they will still be able to access the talent they need. the democratic unionist party says talks with the conservatives are not proceeding as planned, and that the dup shouldn't be taken for granted. police have been given additional time to question a 47 year—old man arrested, after a terror attack near a london mosque. as the authorities say accommodation has been found for around 80 families who need it at grenfell tower, some are finding it's far from permanent. they throw me out from the hotel, because it was fully booked from today. what are you going to do? they give us another hotel in earl's court. barclays and four former executives have been charged with fraud, in connection with financial support received from qatar during the financial crisis in 2008. also, experts say it could be the hottest heatwave in june for 20 years. but, as the temperatu

speaking in the city of london, phillip hammond said that while the public voted to leave the eu, they'm confident we can do a brexit deal that puts jobs and prosperity first, that reassures employers they will still be able to access the talent they need. the democratic unionist party says talks with the conservatives are not proceeding as planned, and that the dup shouldn't be taken for granted. police have been given additional time to question a 47 year—old man arrested, after a terror attack near a london mosque. as the authorities say accommodation has been found for around 80 families who need it at grenfell tower, some are finding it's far from permanent.

. >>> my pick is in the financial time, titled phillip hammond is the politician to salvage a brexit there is no sense an apology will emerge from the ashes of mrs. may's defeat. mr. johnson is not alone in seeing the brexit vote and the aftermath as an opportunity for personal advancement rather than a threat to national prosperity and security mr. hammond should take the opportunity to make the counter case a lot of talk about whether theresa may will make it the next week or year. and phillip hammond is a name that may be considered for the most part theresa may seems stronger than she did 24 hours ago. >>> my pick is titled the trump budget still short changes the military since 2010 the defense budget has been cut by more than 20%, but the world has not become 20% safer. to get planes, ships and equipment ready to deploy to the middle east, the military has had to take parts off of other planes, ships and units. this has diminished america's readiness. the american military is not ready to carry out missions it may be asked to do in times of war. this may be a discussion as the

phillip hammond.make a last—minute promise that women from northern ireland who go to england for abortions won't have to pay. the government... intends to intervene to fund abortions in england for women arriving here from northern ireland. it is welcome that the government is now saying they will correct this injustice. however, he will know, as everybody know, the devil will be in the detail. and ministers had to do that billion pound deal with the dup to get their numbers, to fury, even on their own side. i can barely put into words my anger at the deal my party has done with the dup. we didn't need to do it. but... what is grubby about money being put into the infrastructure of northern ireland to promotejobs? money going into the health service of northern ireland? money going into education? what's grubby about that? the prime minister returned this afternoon to help pass the vote to improve her government's programme, stripped of its most controversial measures. in the back... are you hanging

divisions on the british side between the prime minister theresa may and her finance minister phillip hammondon bbc news all the latest business news live from singapore. left off for the biggest event on the aerospace calendar. find out what top—upjets the aerospace calendar. find out what top—up jets are burning up the tarmac at the paris air show. and markets brace for impac from brexit. we map out the brand—new trading week. good morning, asia and hello world. it is as monday and thank you for joining world. it is as monday and thank you forjoining us. i am rico hizon and we kick off with the paris airshow. the biggest air plane manufacturers will display their latest products despite strong airline traffic, lower oil prices and a healthy economy, many manufacturers expect slow sales. it is the biggest and busiest event of the year for the global aerospace industry. the best—known names in the business are all here to show off their latest multibillion—dollar designs. like this one. this is a new military transport aircraft from a brazilian manufacturer and one of several they brought alo

also making news this hour — the chancellor, phillip hammond, has said he wants the uk to leave the euitises british jobs and prosperity. in a speech in london, he also said immigration would be managed, rather than "shut down". the international trade minister, liam fox welcomed mr hammond's speech but said that people who wanted to put immigration policy ahead of economic policy were losing the argument. have a balance that is in the best interests of the country. clearly we want to ensure that business gets access to the labour that it needs but there is also a strong worry amongst people in britain that people are coming to united kingdom and using our public services who may not be contributing to our national wealth. that is the problem that our government will deal with and will deal with that in a reasonable way over a period of time. voting in the most expensive election in the history of the us house of representatives has just finished. parties have spent around $55 million in the battle for a traditionally republican area of the state of georgia. it's being seen as a test o

the chancellor phillip hammond has called for a brexit deal which puts jobs and prosperity first, saying government was seeking to manage migration, not "shut it down". giving his delayed mansion house speech in the city of london, mr hammond suggested the current border arrangements of the eu's customs union should be maintained for an "implementation period". the governor of the bank of england, mark carney, said the time was not right for an interest rate rise as wage growth is falling and the impact of brexit on the economy is unclear. our economics correspondent andrew verity reports. the chancellor's brexit agenda was supposed to be delivered over a sumptuous annual banquet at the city's mansion house last week, but it was cancelled following the grenfell tower tragedy. today he turned up at the same venue for a glass of water, no bow tie, and not a single mention of austerity, only sober warnings about what brexit should and shouldn't mean. when the british people voted lastjune they did not vote to become poorer, or less secure. they did vote to leave the eu, and we will leave th

divisions on the british side between the prime minister theresa may and her finance minister phillip hammondr team thrashed india in one of the biggest international sporting clashes of the year. they won by 180 runs to pick up the champions trophy at the oval. that‘s all from me now. now on bbc news it‘s time for hardtalk

phillip hammond said thatjobs and economic prosperity had to be the priorities in the brexit talks, anded that immigration needed to be managed, not shut down. mr hammond said that while people had voted to leave the european union, they had not voted to make themselves poorer. the chancellor's comments, in the city of london, were welcomed by some business leaders, as our economics editor, kamal ahmed reports. a year on from the referendum, and cars waiting in sunny southampton for a journey to the continent of europe. exports to the european union like these are a key driver of our economy, an economy the chancellor said will now be at the heart of those complicated brexit negotiations. speaking at the mansion house in central london, philip hammond said without a flexible deal with the eu, the economy could be at risk. when the british people voted lastjune, they did not vote to become poorer 01’ less secure. they did vote to leave the eu, and we will leave the eu. but it must be done in a way that works for britain, in a way that prioritises british jobs and underpins britain's pros

the chancellor, phillip hammond, tells financial leaders that he wants britain to leave the eu in a waynuing to question a a7—year—old man after a van was driven into a crowd near a mosque in north london. the former liberal democrat cabinet minister sir vince cable is to stand for the leadership of the party, saying he has the energy and enthusiasm to succeed tim farron. is. -- is. —— the business news now. four former bosses of barclays have been charged over allegations of fraud — after the bank raised £7bn from qatar at the height of the financial crisis. the serious fraud office is investigating payments made to qatar and a loan facility it offered the country. failure to agree a good deal with europe could permanently damage britain's are making industry, a warning from the industry body. it says car—makers would face a cliff edge and be hit with the new tariffs, charges and delays. many of our car makers are foreign—owned, but they employ thousands of staff in the uk and account for a significant share of exports to the eu and the rest of the world. thousands of tesco customers h

of course, the conservatives say power and phillip hammond said that he might be losing.you think that would be a good idea? >> depends on who would take his place. >> yeah. >> i think -- i think he's done a reasonable job. he's a very cautious person, but he does seem to have an understanding of business interests and so he's one of the vehicles through which business can actually get to the government in power. so i think it would be risky to drop him at this point. >> we will have to wait and see who would actually replace him. thank you. i appreciate your input. >>> and still coming up on the show, we'll be live from the conference in hong kong. we'll be back in two. hey, the future, what's her problem? apparently, i kept her up all night. she said the future freaks her out. how come no one likes me, jim? intel does! just think of everything intel's doing right now with artificial intelligence. and pretty soon ai is going to help executives like her see trends to stay ahead of her competition. no more sleepless nights. - we're going to be friends! - i'm sorry about th

has fallen >> reporter: despite the blow, brexit is still expected to happen here is chancellor phillip hammondaking earlier this week >> we're leaving the eu, because we're leaving the eu we'll leave the single market. >> reporter: formal negotiations began on monday and the uk has a monumental task to reach a beneficial deal in the 20 months they have left the british pound remains 15% below its pre-brexit average the ftse recovered largely for the rest of europe the result has not sparked collapse of the eu as shown by recent elections in holland and france. instead, the biggest losers are the political elites of the conservative party who delivered the referendum in the first place and acted on its result. >>> let's discuss this further joining us now is peter spiegel from the "the financial times." good morning to you. >> good morning. >> the first question i got following interesting comments from various european leaders over the last couple of weeks including president macron, is the result possibly going to get overturned given the resent uk election >> that's the wishful thinking you'

why is this so complex >> we heard from phillip hammond that he wants a frictionless border there it matters to the public and to northern ireland the unionists like dup do not want to see a change in their status we talked about a special status for northern ireland they do not want to see that they have more leverage with the potential deal >> let's pick one of these bullets. the spain story. i have to say, i spoke to the man in charge of gibraltar a few weeks ago on "squawk box." i know we have this british attachment, the rock, all this world war ii, et cetera, how we kept it out of german hands, but this tax status of gibraltarians, they're having it easy >> where have david davis gone ton? today >> gibraltar >> madrid. >> they put into their negotiating principles the status of gibraltar had to be -- >> i will get strung up from the tower of london from what i'm about to say, gibraltar could not be the same without the border with london >> that could be true. >> excellent willem talking about the pros and cons of early negotiations. >>> dhl says it has plans to increase its ro

we heard phillip hammond on the weekend suggesting, hinting that may be while we would leave the customsopeans think there might be an opening now that they didn't think was the previously that there might be room for compromise? in the european press, we have heard emmanuel macron saying, if you ever change your mind, the door is still open. you get no sense of that really from what david davis is saying today or from philip hammond on the sunday programmes yesterday. they are saying the lancaster house treaty which theresa may set out is what stands. at the moment, britain is leaving the single market and the customs union. i think the frustration for the europeans is that they wanted an election so the prime minister would have a mandate. a whopping big mandate for what she put on the table so they could be certain from the side that the person who is sitting across the table from them would be there at the end of the process and secondly, the end of the process and secondly, the prime minister who is driving it would be there as don't have that certainty at the moment but they have t

phillip hammond, the chancellor of the exchequer got $20 billion miscalculation a few weeks ago. [applause] pm may: what i will say is this. as i said earlier on, diane abbott wants to be home secretary, and she wants to wipe the records of criminals and terrorists from the dna database. that would mean we could catch fewer criminals and terrorists. [applause] >> talking about brexit, i think the voting 52% to 48%, i think you lack the confidence asking the electorate one more time. because the voting was so in the middle, what would the electorate want to do? i think nigel farage made a mess. i think they led the electorate the wrong way. and boris johnson. they had buses painted with nhs 350 million. we were all told lies. even people who voted out, perhaps they should be given a second chance. you should have the confidence to have another vote. [boos] pm may: over the years in the european union and the european economic community, there have been a number of occasions where referendums have been held in countries. there was one in ireland. i think france is an example as wel

phillip hammond, the chancellor of the exchequer got $20 billion miscalculation a few weeks ago. [applause] prime minister may: what i will say is this. diana abbot, she wants to wipe the records of criminals and terrorists from the dna database. that would mean we could catch fewer criminals and terrorists. >> talking about brexit, i think the 52%, i think you would like -- lack the confidence asking the electorate one more time. because the voting was so in the middle, i think nigel farage made a mess. i think they led the electorate the wrong way. boris johnson. -- they were all lies. even people who voted, perhaps they should be giving a second chance. you should have the confidence to have another vote. prime minister may: over the years, and the european union, -- in the european union, there has been a number of occasions where referendums have been held in countries. there was one in ireland. they voted against what the eu was suggesting. the bureaucrats in the eu politicians turned around and said you've got it wrong. have another vote. we want you to come up with what w

a short time ago the chancellor, phillip hammond, said britain would fight for the best possible deal0 odd months, and i'm confident we can do a brexit deal that puts jobs and prosperity first, that reassures employers that they will still be able to access the talent they need, that keeps our market for goods and services and capital open. let's get some analysis on this story now. with me in the studio are three people with distinct views on how the uk should proceed in its negotiations. chuka umunna is a labour mp who campaigned to remain in the eu. he voted for article 50 in parliament, but thinks britain should seek a "soft" brexit settlement. suella fernandes, a conservative mp who campaigned to leave the eu and johnathan isaby, the editor of brexit central, a pro—brexit publication. he thinks we should leave the single market and the customs union. chuka umunna first of all, do we actually have a real choice at this stage? philip hammond says we are leaving the eu. we will be leaving the single market, we will leave the customs union, the negotiations are beginning? well, i don

the chancellor yet again phillip hammo hammond, home secretary is, again, amber rudd. others confirmed in their positions. this is another sign of her very weak position now at 10 downing street. she would have been liked to have reworked a shuffle. brexit discussions will go ahead in ten days' time. teresa may will be the one to stop them. highly uncertain whether she'll be the person to end them. >> wilfred frost in it london. we'll see you again. the broad market not being shaken by anything whether it is the uk election wilfred talked about or the drama in d.c. the dow is up 90 points right now and set to end another week even higher. joining us the equity for the folio manager of j p morgan bank and portfolio manager with russell investments. doug, i'll begin with you because russell, the name is on the russell 2000, the small cap index, which had been lagging for most of the year. it looks like it got life in itself so far this week. why, though, is nothing seeming to rattle this stock? it doesn't matter the headline. melissa and guy are up here every day going,