i was mistreated by rbs. that is correct. iwasa mistreated by rbs. that is correct.se to lend me money. in august 2008 when i wasn't in financial difficulty but the bank were, they asked me for money and really said to me that if they did not get their money by the close of business, i should give them money by close of business on a particular day or else. that was through my lawyer. i asked him to find out or else what. and they came back with the response that or else chaos will ensue. that was in 2008. i did not give them the money. and it would be fair to say that chaos did institute. in what sense did chaos ensued? they took anything that was in any bank account. they took my business. they took my home. they took any assets and properties that i had. i had assets of around £8 million. everything was taken. and they took action against me. i had to fight for seven years from 2008 until 2015 to defend myself from that. finally it has been resolved in the uk supreme court. the allegation is that the royal bank of scotland and this global restructuring group of ro

sue us. publish this yet because rbs might sue us.d to hand over a unredacted copy by friday. andy verity, bbc news. a brief look at some of the day‘s other news stories. israeli police say there is enough evidence to indict the prime minister benjamin netanyahu for bribery, fraud and breach of trust in two separate cases. they relate to claims he received luxury gifts in exchange for political favours and asked the publisher of a newspaper for favourable coverage in return for reigning in a rival publication. mr netanyahu says the allegations are "baseless" and he intends to continue as leader. inflation remained unchanged last month at 3%. the cost of food and some imported materials fell, but prices for clothing and some leisure activities rose. last week the bank of england warned that interest rates may go up quicker than expected to help curb inflation. prince harry and meghan markle have made theirfirst official joint visit to scotland. the trip began with a walkabout at edinburgh castle, where the couple had a close encounter

for rbs, the government will take... of collapse, customers unsure if they could withdraw their own money, a rescue plan funded by the taxpayer to save the economy. a decade on, after years of losses, the man at the helm of a partially revived rbs said he believed the worst was behind them. this is actually very symbolic. i think not just for our colleagues at work but also for the uk, who did put a lot of money into this bank. and we've been restructuring it, taking losses through conduct and litigation issues. from the out of control rbs to the new, a focus on the simpler natwest, which rbs owns, and selling off the riskier bits of that old bad bank after past bad behaviour. a better day, a symbolic day for this bank, but it's a bank that is not out of the woods. ahead is a huge fine from the american authorities over this bank's involvement in the mortgage crisis over there. here, there's the continuing fallout from the terrible treatment of many small businesses. yes, this year a profit, but the accumulated losses by

shares of rbs are selling off after full-year net profit misses expectations. and valeo is at the bottom of the european markets after earnings sank on a tax charge. >>> shares in swiss re opened higher after better than expected estimates net profit came in at 3$331 million, significantly down from 3.$3.56 billion just a year ago. the firm proposed raising its dividend and they are still talking to softbank about the sale of a minority stake and said there is no certainty any deal would be concluded. joumanna is in zurich this morning. what possible justification does the company offer for raising its dividend >> good morning. so they would say they're starting from a position of strength starting from a strong capital position, despite the hit that clearly the 2017 natural catastrophes took on their top line earnings. they said in total all those natural disasters together have had an impact of 4.7 billion in terms of total claims, which explains why the net income number dropped significantly from 2016 to 2017. that being said they did stage a turnaround fro

—— trust that the culture in rbs has actually changed? —— the grg unit.etween that time, and i believe that this organisation is changing dramatically, focusing heavily on customers, for example, in the personal business banking, there are no bonus is paid for any sales whatsoever, no bonuses, it is focus on customer, do the thing. —— do the right thing. you're watching business live. our top story: international airlines group, which owns british airways, iberia, vueling and aer lingus, has posted a 19% rise in annual profit. the firm's been benifiting from a shake—up amongst european carriers and rising fares. it's been a busy week for corporate earnings. some of the world's biggest companies reported an interesting set of results including barclays and the mining giant glencore. let's get more on this with our economics correspondent andrew walker. starting with barclays bank, because it has been, really, there has been a backlash after profits were hit with a string of charges. indeed, they made an operating profit but they made an operating profit bu

rbs's share price is still well below the price the government paid in 2008. still have one very large one, but the fundamental value of this business is starting show through. this year our income was up, costs down, our capital position, important for the stability of the bank, has also been up, so a good set of results but lots of work still to do. a fourth british tourist has died of injuries he suffered in a helicopter crash in the grand canyon nearly a fortnight ago. jonathan udall, who was in his 30s and from brighton, was on honeymoon with his wife, ellie milward when the accident happened. his family has been told of his death. adina campbell reports. jon udall and ellie milward were on their honeymoon. she has now been left with critical injuries, while herfriends' online post, announcing mr udall‘s death, described him as strong and brave. the eurocopter ec130 crashed as it came into land in arizona's remote quartermaster canyon. witnesses say it spun around twice before hitting the ground and then bursting into flames. police say bad weather meant

rbs, averaging is selling assets.flow from the banks about dividends, about renumeration's, repaying the shareholders. talkinghad tim allen rick shares from the break. the ibex is a little stronger this morning, up 0.4%. let's see what's on the move. sally different complexion -- slightly different complexion this morning. overall, you have this equity markets opening slightly stronger this morning. financials are a little better off. let's see how the markets take the numbers from aberdeen. we are just flicking into the red. on thisome good runs side because of the miners reporting. we were talking about the overall change in sentiment toward the metals and the miners. oil is fairly good. if you look at wti, you are rising. arabia,ort and saudi they thought about taking u.s. assets and exporting to asia from the united states of america. they changed their mind. it wasn't going to be logistical for them. financials are going to be the key. germany is growing at the fastest rate since 2010. we are holding the bid in e

the italian league leaders lost 3—1 at home to rb leipzig and now face an uphill battle to reach then reports. napoli and rb leipzig were among the teams dropping out of the group and this time napoli took the lead through their midfielder early in the second half. but then the opponent scored twice for the germans in a 3—1 victory. borussia dortmund also saw of their italian opposition. they 13—2. —— won 2—3. and then milan were the only italian tea m and then milan were the only italian team to win. fabio borini scored a 3-1 team to win. fabio borini scored a 3—1 victory in bulgaria for the seven time european champions. wins also the two other european champions. alan mcgregor saw the only goalfor the champions. alan mcgregor saw the only goal for the game champions. alan mcgregor saw the only goalfor the game in champions. alan mcgregor saw the only goal for the game in celtic. and two goals for olympic marseilles. comfortable wins for atletico madrid and arsenal, the way from home and both in scandinavia. atletico one 4—1 at copenhagen and mesut ozil scored their 3—1 victory aga

the 1—0 win takes dortmund second, for 2h hours at least, with rb leipzig away to eintracht frankfurthe bundesliga. the 1—0 win takes dortmund second, for 2h hours at least, with rb leipzig away to eintracht frankfurt on monday. to the fa cup where tottenham were stunned by a late goal from rochdale who are bottom of the third tier in england. the last 16 game finished 2—2 meaning they'll have to replay at wembley stadium. harry kane looked to have won it with a penalty two minutes from the end but steve davies‘ dramatic injury—time equaliser forced the tie to a replay with the winner to face either swansea city or sheffield wednesday in the quarterfinals. we were calm on the bench because i know very well what happens if you believe that i was winning and that is what happened because it was for me, to the end of the game and i think we consider to clear chances. one was nearly another and another was a goal. it was an amazing game and an amazing event for us. it is a real pleasure. we took the opponents on. we knew and we know how good they are but we try to take them on with sacrif

nejra: what can we expect from rbs as well, the last report at the end of the week?most an exactly the same situation it was last year. it still has very big litigation cases to settle in the u.s. until it settles those, we will not get a very clear idea of where it stands from a capital earnings perspective. we are looking from any commentary on whether that has moved on from donald trump's department of justice. the media a lot and the u.k. has been one of the units, which is accused of driving small businesses out of business basically by not helping them out as they should come as you would expect from a state owned bank. we expect executives to catch a lot of flak over that. there's a report that may or may not be release, which would be another damaging thing for rbs's repetition. nejra: how much focus would there be on the ppi scrutiny? stephen: it should be coming to an end by the middle of next year. there's a big advertising campaign fronted by arnold schwarzenegger just to make sure that anyone who was mis-sold these financial products may be compensated f

rbs not quite so much. but much more to gain from those banks from that steepening, particularly in barclays >> looking ahead to tomorrow when lloyds reports, how much exposure do they have to the uk? is that potential danger for them >> i think for lloyds it is. it is profitable books, but as that unwinds it's more exposed to the challenger banks, and others taking part in the business it's also much more exposed to mortgages and consumer credit. and i think there may be more pressure on the uk, and i think lloyds has more to lose than other banks. >> we'll leave it there. colin mclean from svm asset management for more on hsbc's rut results,a online to cnbc.com >>> deutsche bank reportedly plans to cut up to 500 investment banking and trading jobs ahead of its bonus payouts. the bank has been under pressure to cut costs as it works through a five-year turnaround plan. some high profile bankers in new york and london are on the list of cuts. >> feel free to e-mail the show, the address is streetsignseurope

. >>> and rbs shares are down big despite the bank doing something it has not done in a decade. we'll tell you what that is in a few moments time it's friday, february 23, 2018 "worldwide exchange" begins now. ♪ >>> good morning a very warm welcome to "worldwide exchange" on cnbc i'm wilfred frost. let's check in on the global market picture and futures this morning are looking at a positive open. we are higher in the premarket coming off a day where we did see gains for the dow and the s&p. but we closed well off the day's highs, both indices coming into today down about 1% week to date yesterday the nasdaq was lower fourth negative session in a row. but only slightly lower. such that week to date it's down just 0.4%. today, as you can see, up significantly. the dow is up 187 points s&p up 16. nasdaq up 45 points. coming into today all 11 sectors of the s&p are lower consumer staple is the worst performer, down 3% we saw yields rise at the start of the week and pull back, but today ten-year above 2.9%. we spiked at the start of the week and just have come back a bit. >>> asian

rb is trading softer.n, it hasn't maybe capitalized in the way we would have hoped it would have done. the stock is trading a little softer this morning. the food and beverage sector down by 0.2%. let's get the bloomberg first word news update. sebastian: donald has criticized the fbi, democrats, robert mueller's investigation, and his own national security advisor over russia's efforts to sway the election in 2016. trunk focused on defending the validity of his victory and insisting neither he nor his campaign colluded. the "l.a. times" is reporting that rick gates, the former trump campaign aide, has agreed to plead guilty and cooperate with special counsel robert mueller. u.k. prime minister theresa may and her ministers gather on thursday as may seeks to unite the factions in the cabinet. the u.k. wants to stay very close to the european union in some areas while breaking free in others. employment numbers scheduled for wednesday and gdp due on thursday. we will watch for what they mean this year. japa

how uncomfortable is this going to be for rbs?een prepared to put it out themselves. mps have asked andrew bailey the chief executive of the financial conduct authority to publish it repeatedly and here are fused but then it was leaked to mp5, they threatened to publish it, the chair of the treasury select committee said regulator if you don't publish it, we demand you handed over, unusual step and published it ourselves, that's what they've just done. let me give you a flavour why it's such an explosive report. it's because it says grg history did thousands of small business customers and there was widespread and systematic mistreatment and that wasn't just an isolated thing. it was the thing of an intentional and coordinated strategy that management was aware of what should have been aware of that allowed per practice to develop. so we are talking specifically about the treatment of small businesses here? that's right, going back to the crash, in the wake of the 2008 crashed, the bank had to shrink its loan book and that have th

first time rbs has reported full—year profit in ten years. is quite a moment to draw a line under, they have been tried to cut costs and turn around fortunes. dynamic as is this over, still facing a lot of litigation particularly in the united states for being involved in risky mortgages and a big scandal related to how it dealt with some small firms. —— i don't think this is just small firms. —— i don't think this isjust quite small firms. —— i don't think this is just quite over. we as taxpayers own 71% of rbs, the question is whether it is in a position to be sold back. the government bought shares at just over sold back. the government bought shares atjust over £5, they are trading at £2.78, so it would be at a loss. half the price. another share price that has taken a bit of a knock, snapchat. this is fascinating! this shows the power of social media, this is a tweet from one of the reality stars in the family of kim kardashian, 57,000 people tweeting that, that knocked $1 billion from the value of snapchat! for the uninitiated, knocked

bottom of the table cologne came from behind to pull off a surprise 2—1 win at rb leipzig. koziello levelled with this fine strike in the 70th minute and substitute leonardo bittencourt then completed the turnaround seven minutes later meaning leipzig drop to sixth. to france and ligue un, where kylian mbappe and edinson cavani were among the scorers as paris saint germain won le classique 3—0 in marseille. french forward mbappe, on loan from monaco this season, struck first afterjust ten minutes for his tenth league goal of the season. an unfortunate rolando own goal as he was trying to stop a pass from neymar made it 2—0 at half—time, and cavani made sure of the result with a stunning turn and strike from on the edge of the six yard box as psg extend their lead at the top to 14 points. in italy's serie a, juventus saw their match against atalanta in turin abandoned due to heavy snow on sunday. napoli are scheduled to face cagliari on monday, so could extend their lead at the top to four points with victory in sardinia. elsewhere on sunday, roma dropped two places to fifth

all right let's take a look at the highlights from that friday game now with rb lives winning at home to oxford day at. opens the scoring and then not vacated grab the second goal and save the minutes it's the first time leipsic have scored from a direct free kick in their brief wondrous league history though it did take a big deflection before crossing the line. well it's the biggest street festival in the world attracting millions of visitors brazil's a world famous carnival has kicked off in rio de janeiro tens of thousands of people poured into the streets to take part in the facilities and block parties over the next few days cities around the world around the country will host parades the most famous take place in rio's samba dromo another highlight begin sunday the showdown between the sump of schools. you're up to date now and the daily news will be back again at the top of the hour for now we'll leave you with some pictures from jing joe in central china as part of the city's annual spring festival a lantern show is a lunatic of the night sky with some ten million elint evolv

these matches leaders by in munich came from behind to prevail to one that will spark frankfurt meet rb leipsic in a rare monday game. now let's take a look at the bonus like a table with just one game left and match day twenty three byron slate is nineteen points with dortmund now up to second place after their win. in the bottom half of the standings support has moved up to thirteenth collette in hamburg are still adrift at the bottom. of. the movers and shakers of the silver screen are in the german capital for the berlin international film festival the berlin alah it opened on thursday with a hint of hollywood but this weekend the focus has been on the leading talents of european cinema detail the use david levitz is on the red carpet for us david what is going on down there. well it's been a really big day for female driven films in particular right now i'm outside the world premiere of a swedish dark comedy called the real estate and this comes on the heels of the square another swedish dark comedy winning at cannes well this one's a little different it's about a very tough middle

to the bundesliga now where rb leipzig left it very late to grab the winning glock buff. look man netted the winner in the eighty ninth minute on his debut with the bowls earlier on byron munich continued their dominance with a convincing win against mines the chasing pack all failed to make an impact was shock of losing the braman and liverpool's and dropping points in freiburg further drawls there in berlin and still two more games of course coming up on sunday and we haven't forgotten about dortmund they played friday and quickly got over the departure of star man pierre emerick obama striker was sold to arsenal during the week but placement loan signing. made a dream debut friday night the twenty four year old belgian striker scored twice in the other was driven defeated cologne three two victories he used to call their way back into the champions league spots. and of course is a little something going on in american football right now in sunday's highly anticipated super bowl clash five time champions the new england patriots will be taking on the philadelphia eagles

take a look at all the bundles later results so far on match day twenty four last place cologne upset rb leipsic in the sunday late game wash aka took care of live across an earlier on saturday bremen beat hamburg hoffenheim drew with freiburg glad back got the better of hanover she just got down frankfurt and byron munich split the points with her to pull in on monday dortmund face oxburgh and back on friday night when minds true with ferg. now let's take a look at what all those results mean in the standings with eight of nine matches in the books byron munich have a whopping twenty point lead despite their draw against her mission gladbach move up to seventh after their win and down at the other end stage heart to well clear of the drop zone bremen moved up to fourteenth but things are still looking very bleak for hamburg and cologne. that's all for now join us again at the top of the hour in the meantime you can get all the latest headlines on our website or follow us on twitter and so watching us. from the. first wife. in church.

rb lie cheat also survived a big scare to advance to the next round of the euro police life seek went into the match against napoli with a three one lead from the first leg but since he put napoli ahead in the first half or end so and saved it then put napoli two nil up in the closing stages to level the scores at three all on aggregate but like to go through on the away goals. soccer violence has more of the latest round of the league in spain a policeman suffered a heart attack and died after a street battles between fans of a political bevo and the visiting spot talk to moscow the fighting spread on to the streets near the stadium and police struggled to restore order they were fine.

. >>> rbs with the uk and the financial crisis reported.s one of the last to result in the deal. the finance is expected to be in the region of $7 billion we're getting a little parity in what that rbs is going to be >>> one of the top stories today, the white house advisers say donald trump has no intention of replacing this chief of staff john kelly. kelly has come under fire for the most recent abuse allegations against trump administration aides and meanwhile, the trump administration officials say they may release a democratic memo refuting allegations of bias into its investigation into russian meddling in the 2016 election the white house had refused to allow the release of a document last week saying it included sensitive information. this weekend, trump accused democrats for including that information in their memo for political residence. democrats have dismissed the claim and say they will revise the document >>> and the white house is expected to release a $200 billion infrastructure spending plan its proposal will help facilita

monday night football was as much a headline grabber as the result — with eintracht frankfurt overcoming rb—1. tennis balls and toilet paper were used as supporters showed their disapproval at five matches being scheduled in this timeslot this season. and it looked as though things weren't going to go the way of the home side asjean—kevin augustin struck in the 13th minute, but two goals from the hosts within five minutes, including this kevin prince—boateng strike, saw them into a 2—1 lead. the start of the second half was delayed with a flurry of tennis balls, but the win means eintracht go from sixth to third, while leipzig drop two places to fifth. saudi arabia's al ahli are top of group a in the asian champions league after beating the united arab emirates' aljazira 2—1 at home on monday. with less than ten minutes gone, al ahli's captain taiseer al jassam put his side ahead. muhannad assiri later added another, before aljazira snatched a late consolation goal through ali ahmed mabkhout. now to the action at the winter olympics in pyeonchang, where day 11 is under way, but there was do

the italians won their second leg 2—0 away to german side rb leipzig with the tie finishing 3—3.adrid and arsenal are through to the last 16 along with the likes of borussia dortmund. chelsea's on—loan belgian striker michy batshuayi has confirmed that he suffered racial abuse while playing for dortmund away to italian side atalanta, while scottish champions celtic were beaten by roberto mancini's zenit st petersburg in russia, losing 3—1 on aggregate. for a full round up head to bbc.com/sport. mercedes have revealed the new car they hope will claim a record—equalling fifth consecutive world championship double this year. it's been shown off at the home of the british grand prix silverstone race track on thursday. as with all the cars for this season, it has the new halo safety device which is designed to protect drivers from loose wheels and other items of large debris. so what does world champion lewis hamilton make of it? after a few races, we will forget it is even there and we look at the old ca i’s is even there and we look at the old cars and think you know, you often look

and there one day rb my interest is that a web. cam of people in boise or some from books but often on symbol and then there i mean come near them in the area doing of it not. so much i mean what the demographic that. they want to see start a quarter the or not. see it i mask and then i would again go into eleven i mean got nothing. to be done that will that it will if you are not. there but they will talk to someone else or something of the same been a bit out of but just know. much more on a given going on. and you. have. a professional get them out as liberal and out i mean you know what i mean is that the left and they are the top of the net and just out of the stomach if you know some of the on the net songs about this i think that it. with all these new things and ramming democracy and ways of interacting with the government people are we should be different i always. you know i can let me know your show was looking to get it right it's more important of the problem. it's funny because this is happening to everybody that some

that was the ceo of ark the -- of rb. -- anna: that was the ceo of rb.get the bloomberg business flash. here's jessica summers in new york. reporter: job cuts are on the way for deutsche bank, germany's largest lender, cutting at least 250 jobs globally in its corporate and investment bank according to people with knowledge of the matter. deutsche bank is trying to contain expense in the midst of a slump in its securities unit. siemens plans an ipo of its health care division in the first half of this year. the new company will be called -- "blackalth, using panther" is a box office smash. the latest movie from disney's marvel superhero unit opened with sales of 190 $2 million in north america, a record for a $192 millioning -- in north america, a record for a february opening. anna: american markets may be closed for president's day, but investors are still chewing over last week's eco-data. rising inflation and little growth could lead to a nasty scenario for the u.s. economy according to our next guest, neil mackinnon. give us your thoughts. in your n

months of wrangling — mps have released a report by the financial regulator — which said a unit of rbsted thousands of small firms. the brexit secretary david davis has told business leaders in vienna that the uk doesn't want to undermine its neighbours after it leaves the eu. meanwhile michael gove has signalled the government would support moves to ensure a special deal for eu farm workers after brexit. in a moment it will be time for sportsday but first a look at what else is coming up this evening on bbc news. as 0xfam reveal it's lost thousands of financial donors, in the light of allegations of sexual misconduct — we'll take a look at what motivates people to give to charities and what makes them stop. beyond 100 days will examine the latest developments in the syria crisis — and examine where the us and russia stand. and as mps release a controversial report into how royal bank of scotland allegedly mistreated small businesses, we'll speak to a businessman who blames the bank forfailing to give him a loan. that's all ahead on bbc news. now on bbc news it's time for sportsday. he

rb leipsic also survived a big scare to advance to the next round of the rope or league club sic went into the match against napoli with a three one lead from the first leg but since he put napoli ahead in the first half run so insignia then put that belief to neil in the closing stages to level the scores at three all on aggregate but life goes through on the away goals rule. soccer violence has more of the latest round in the europa league in spain a policeman suffered a heart attack and died after a street battles between funds a political one and a visiting spot talk to moscow the fighting spread on the streets near the stadium and police struggled to restore order on arrests the way to strongly condemned the clashes which local authorities are blaming on russian it's. the olympic athletes from russia have won their first gold medal at the winter games in south korea figure skater. claimed the team's maiden title and china just fifteen years old so i could tell that is the second youngest gold medalist in the event's history fellow russian again your med bed took silver. just for

rb art for you on the are you. dear school great. we have a mismatch between the way we are now just more and the reality of the twenty first century. can we do any more could we find someone to be good for board and really don't mean you get what you mean from. b.b.c. world service and you have to keep trying to get it wrong. and it continues to maintain a high passes in the country to knowledge of us and to see in the world the situation of goodness john the center crucial for the international troops to go control over to the afghan forces be sure just situation really critical to the country. says without america out there that we are stuck by my own stuff in iraq. this is a job as one commander says he wants. so yeah right now if i just use other funds or have these i guess most of it is against some of them the outward after i'm done some. day nothing other than some right now down there tonight we do stuff my money out before the biggest museums in was going to miss out my mom. so how many are sending out that you should be yo

raise £11.8 billion to avoid a government bailout so it wouldn't be in the same category as banks like rbso opt for what could amount to criminal charges for its operations. the public at the time, not only did we see too—big—to—fail banking, which we still have, but too—big—to—jail bankers. in other business news... alibaba's entertainment arm has signed a deal with walt disney to show thousands of its animations on its china streaming service. the deal comes after disney shut down its own streaming service in 2016 but neither side has disclosed how much the deal has cost. up to $5.5 billion of criminal money in europe is being laundered through cryptocurrencies, according to europol. the agency's director has told the bbc that regulators and industry leaders need to work together to tackle the problem. the warning comes after bitcoin‘s value halved in recent months. the state of new york has filed a lawsuit against harvey weinstein, his brother and their production company. the allegation is that the company's executives and board failed to protect employees from mr weinstein. the lawsui

lloyds and rbs both needed bailouts, injections of government funds.was predictably, you might say, keen to avoid that. they managed to find some money from private investors, particularly in the middle east, associated with the state of qatar, to put money in so that they were able to get through the whole episode without a government bailout. what has been alleged is that a loan made at the same time, by ba rclays, to that a loan made at the same time, by barclays, to the state of qatar, a bit over £2 billion, was used directly, or indirectly, to buy those shares in barclays. that constitutes something in the company's constitutes something in the compa ny‘s legislation which constitutes something in the company's legislation which is called unlawful financial assistance. in the great majority of cases, it is prohibited, basically. there are conjugated circumstances in which you can do this kind of thing, but the general principle is you may not lend money to an investor to buy your own shares. and thatis investor to buy your own shares. and that is

months of wrangling — mps have released a report by the financial regulator — which said a unit of rbsers in vienna that the uk doesn't want to undermine its neighbours after it leaves the eu.

rbs has not settled an investigation into u.s.ecurities and they cannot return dividends to sell the british government's majority stake. issued anckard optimistic forecast. are seen as signs that hp's turnaround is starting to work. company announced plans for a billion dollar buyback and plan increase. that is your bloomberg business flash. alix: treasuries secretary mnuchin brushing aside investor worries about raising prices, saying you can have wage inflation but not inflation concerns in general. jeff gundlach disagrees. -- we will policies expand the buffalo art museum without making it bigger. -- theliest the break of silly sarah bryant called and lena komileva are with us. we were just talking about this on break. you say a supply-side argument is not totally crazy vassili: the point i would make is whether wage increases translate into higher inflation depends on the purchasing power. if you listen to some of the fomc speakers last year, they devoted time to that. it is still affected by global competition, digitalizatio

. >> this is going to be onion and potato and cannabis to infuse it rb opening the kitchen door for cooksthis is infused olive oil. >> reporter: it takes science and math and patience. >> i used ros sin for this. it is when you take cannabis whether it is flowers, trim or the whole plant and press it in between two pieces of metal that are heated. >> reporter: from that rosin he measures it out. >> i know how much i'm putting it down just through experimenting on my own and put o plate onto the scale and put the puree down and goe that's 10 milligrams of puree. >> you might not taste about but you will feel the effects of it. >> according to the san francisco department of cannabis anyone who makes money on the sale of pot, must have a license. a lot of them are operating in a gray area as regular lay tors hash out new rules. >> if you are cooking it yourself, you can make it into anything you like. >> you don't even taste the pot and other times it compliments your meal. >> you can turn it into garlic bread or butter and make hard candies out of it tnchts a lot of people are look frg new

thursday, friday you're looking at barclays as well as rbs. major question is what will we see in terms of another round. with the investigation being led. tracy: you also have the fomc minutes. that will be huge for markets struggling whether the powell something. we will have all the top stories coming up. this is bloomberg. bloomberg tech is next. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. jonathan: 30 minutes dedicated to fixed income, this is "bloomberg real yield." ♪ jonathan: treasuries will help the week after 10 year yields hit for your hides -- highs. the easy money sent to continue in japan as the governor gets another term. we began with a big iss

nejra: it all culminates with rbs on friday. vonnie: great stuff.e for our latest bloomberg business flash. latest test of the u.s. retail and health care industries. albertsons will buy riteaid. albertson shareholders will -- riteaid is selling 2000 of its stores to walgreens. -- the cash raised offer is valued at $33 billion. at $33 billion. qualcomm itself is fighting off a takeover attempt. it has rejected a $121 million offer from broadcom. walmart with a disappointing annual profit forecast. e-commerce sales growth started to slow down. --, the u.s. tax overhaul that is your latest bloomberg business flash. still ahead, we are speaking .ith sebastian mallaby this is bloomberg. ♪ ♪ ♪ show me the olympic winter games ♪ ♪ like i've never seen before. ♪ ♪ xfinity x1, yeah, i always know the scor♪. ♪ triple corks in 4k... lookin' so sick. ♪ ♪ stream live on every screen, every win, every trick. ♪ ♪ 2000 hours of coverage, get your mind blown. ♪ 50 olympic channels, yup, you're in the zone. ♪ ♪ and if there's something that you want to see, ♪ pick u

there's something bigger and as long as i keep that as my motivation rbs th motivation, that's why i work so hard and do what i do. i can actually make some change, i guess, and leave the people that laid eyes on me on the court, in the locker room and daily life in a better place because of what i am able to do. >> this is weird, though. i mean, you are in a league that is famous for trash talking. for the bragadocious and we have some of that in the white house. a leadership model in the white house that is very put down the other person. you're a world class leader. why does your leadership mot ss work? >> i think being authentic. you're able to relate to a lot of different people because you're able to appreciate what they bring to the table. for me there's 15 other guys on my team and we all come from different backgrounds. we all have different stories on how we got to the nba. but for me as a leader, i value what each person is and what each person brings to the table. i think that's something the white house could maybe change a little bit and kind of adopt. it's just everybo

as i look forward to 2018, i think it is going to be a better year for rb.are guiding the market today. >> qantas giving more money to shareholders after record first profit. the carrier will buy back as much as 378 million aussie dollars of shares. it announced a $.07 a share dividend. that is on top of the $2 billion already returned to investors from late 2015. what is your read on the first half? alan: really good. what is great and pleasing is that all parts of the business are performing well. we had a record result for qantas domestic. a record result from the jet star group. a record result from qantas loyalty. and our international was down slightly, but we have a huge change for that business that will be implemented next year, and we are expecting a significant improvement in its performance, all things being equal next year. so across the board, there were pretty pleasing results. and we saw today that our shareholders and customers and employees all benefit from those results. emily: hewlett-packard enterprise and hp ink reporting earnings. hpe

. >> clerk: item 14-rb 14-rbgs discussion -- 14, discussion item demographics report. marina. >> good afternoon. marina, manager and systems and analytics and we will have a presentation. >> clerk: thank you. >> president scott: there's a presentation, i believe? >> yes, there is. beautiful. this is the presentation of the annual demographic report. and it's quite dense. so i'm only going to make some high level comments with you here today, and you can consume it all on your own time at your leisure. and for those of you that are not here in the room who want to look at the report later in your own time you can find it on sfhss.org under the board materials or under the finance reports archived and i would first like to acknowledge the work effort that went into the report. you see it annually, but as we outlined in the director's report we have to generate 26 separate raw data files. we import all of that into a database and we have to execute 0* queries to make it look meaningful and we export that into where we built 31 visualizations and also 31 excel tables and y

selling off of some of the best part of rbs and the public was left with the remainder.agree with or accept the idea there has to be competition in mail delivery, we all have one letterbox and it's much more efficient to have one postal delivery person coming down the street rather than different ones from competing companies. the idea of competition in water supply is a little odd when only one water pipe goes to each house. the idea competition rules work for the benefit of all we do not believe to benefit of all we do not believe to be the case and we set out in our ma nifesto be the case and we set out in our manifesto is received a huge degree of support, was public ownership of water and a meal and train operating companies. the point raised by channel 4, i set it out in the speech, what we want to achieve and what we will achieve is our right to be able to negotiate and consults at the same time with the eu on the sort of trade agreements we make and also confront them on the sort of trade deal made with the rest of the world. for example, you trade agreements hav

rbs still has not settled the u.s.on into mortgage recovering's and until that deal is done, they cannot sell the british government the majority stake. she has agreed to sell the insurance business, the prize, $4.5 billion. it includes a 20% stake in phoenix standard life. aberdeen wants to focus on life management. jay powell is talking to goldman sachs about returning to the firm and that is according to the wall street journal. powell said she is looking at a more global role if he comes back. that is your bloomberg business flash. francine: thank you, taylor. taken control of anbang, prosecuting the chairman for fraud. cemented the politically connected dealmaker whose aggressive global expansion came to symbolize the financial overreach of china a's environment. joining us is edna curran. good morning. how significant is this move by the chinese regulators? >> good morning. i think it is quite significant money levels. on the other hand, there was risks.al and the wider economy. and opec ownership. there could be

it sounds as though rbs could be in trouble over this. yes. well, the sca, rbs, yes.n order by the house of commons." and stuff. more formulator. in the past half hour a judge has upheld the uk arrest warrant for the wikileaks founder, julian assange. the warrant was was issued more than five years ago when mr assange broke his bail conditions during a battle against extradition to sweden, and took refuge in the ecuadorian embassy in london. that is the scene now. there is a chance he may come out onto the balcony and have a word. 0ur correspondent charlotte gallagher is at westminster magistrates court for us now. strong words from the judge, weren‘t there? the judge didn'tjust uphold this arrest warrant, she went through julian assange‘s this arrest warrant, she went throuthulian assange‘s legal team‘s argument as to why this should be lifted and rejected each one forensically. she said," julian assange‘s treatment was not disproportionate. he himself impeded justice by staying in the ecuadorian embassy. she said he could leave at any point. he can use a computer an

three rb leipsic also survived a big scare to advance to the next round of the roper league lives they went into the match against now only with a three one lead from the first leg but if it's in the inskeep put napoli ahead in the first half or end so is insignia then put napoli two nil up in the closing stages to level the scores at three all on aggregate but life goes through on the away goals. now the olympic athletes from russia have won their first gold medal of the winter games in south korea figure skater. claimed the team's maiden title in china just fifteen years old so i could tell that as the second youngest gold medalist in the events history fellow russian medvedev took silver. you're watching to w. news folks back in a minute. to call smart. take football or simply live your lives. he's gone from backyard play one game in two world champions the amazing career of zamboanga i tend. to say anything he hasn't accomplished yet. but tang tells old. wrestlers. in sixty minutes douglas. we make up oh but we watch as a focus the un does that to. the surface and. they want to sha

their traditional saturday slot to tennis ball protest delayed the start of both cost of the magic is rb leipsic. but as the writer paddy higgs that told us that why monday night football is such a big issue in germany. football fans in germany are certainly a very traditional bunch particularly in fact frankfurt and they are very much against the globalization of the monetisation of football as they see it as it's happening in germany at the moment so i think we're going to see quite a bit of this in the bundesliga very much have a push to globalize the brand to bring the gang to places where hasn't necessarily been popular before german football certainly you know those itself on the tradition of the of the game and of the clubs and we look at saturdays when they have you know up to five games on simultaneously which you can argue is not the best use of t.v. spots and that instead i think this this move to modern art is at least a toe in the water to see the reaction the reaction from inside of germany and potentially the reaction from around the world in the end is the decision betwee

. ♪ ♪ >> brown: rb e. smith, ada's father, was a foundi member of appalshop.her, grandfather and brothers all worked in the coal mines. >> he began here in 1952about when i was born, and he worked here until '73. >> brown: but coal jobs were going away, along with local residents. >> i graduated from whitesburgl high sch 1970. there were 170 of us graduated. by the end of the summer, less than 50 of us were here, with n ho ever returning.s generati people, thousands and millions of people, leaved mining areas, e people who remain miss them. miss them bad. brown: trained at appal and armed with cameras, smith and others took on a new kind of work. >> it was a y to be a part of the solution, and to kind of understand the place that we were a part of. >> brown: they produced scores of films, documenting in frank r detail tion they called home. >> one of the ways i like to say it is, we make films about the things we like here, and we make films about the things that are challenging. >> the same system that brought prosperi to some impoverished hers. some filmmake

industry insiders they say did know, seth macfarlane cracked a joke about rb weinstein on and variousing was amiss —— about harvey weinstein. but the allegations are disturbing to say the least. uma thurman is alleging he threw her down on a bit ina alleging he threw her down on a bit in a hotel room in the uk. you had science, salma hayek come out in an op—edin science, salma hayek come out in an op—ed in the new york times in decemberand her op—ed in the new york times in december and her allegations were disturbing. it was when she was making bell and frieda and harvey weinstein produced that film, when she turned him down he became angry and threaten to shut down the production and pull the plug on the funding unless she did a full frontal nude scene in the film with another woman. uma thurman's career and harvey weinstein‘s career overlapped hugely, they worked together for overlapped hugely, they worked togetherfor a long time on overlapped hugely, they worked together for a long time on and overlapped hugely, they worked togetherfor a long time on and off? they really have. whe

of thursday but he tell you need is not a one of those that have been eliminated on the way goals by rb leipzig big name teams like arsenal brasier daughter and latino and atletico madrid are also through to the next round but nice were knocked out by lokomotiv moscow while there was violence in bilbao before their game with spartak moscow athletic went through on aggregate. fiefs president giani in fenty no has hosted african football delegates in tanzania as part of a tour he's been conducting on the continent it comes as morocco bids to host the twenty twenty six world cup it's expected to receive the backing from africa's fifty four member countries in june vote football writer gary l. smith says in fun tina's visit is not accidental the mark is good luck is being is looking good i mean the other thing that people have been asking is if gianni wall and doors they were can be he wouldn't do that because of i mean obviously or the corruption allegations that are popping with. qatar and so on i'm sure for but i think that they were going to get is getting a lot of traction they see the