guy: rbs shares currently under pressure. the u.k.ernment is considering trimming stake in -- injected ejected 45 billion pounds into the bank, and as a result currently has a 62% stake in this institution. is the shares are down probably, if they were to be put out to market, would probably be done with some sort of discount. you would have a discount attached to the shares coming to market, and as a result, the market is already starting to price it in. obviously you have brexit coming up and other factors likely to diffuse the situation a little further. remember, the rbs reports numbers on february 15, so i suspect we will find out more information as a result then. certainly a fascinating story, and having a meaningful impact in the market right now. the british government currently has a 62% stake still in this institution. vonnie: and shares are down 3.6% on that news right now. it is time for the latest bloomberg business flash. tose changes twitter made attract a wider audience do not appear to be taking hold. the social medi

and brexit — it's just 42 days away. its been a week of warnings from the likes of ford and rbs overncertainty related the uk's departure from the eu we'll get more with our business editor simonjack. and there's some new research that suggests that the brain function of very late risers and "morning larks" during a working day is often very different. i know which one i am! which one are you and does it ever affect your day? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. we start in the us, where internet giant amazon has abandoned plans to build a vast second headquarters in new york city because of opposition from local politicians and labour unions. the company had said its proposal would create 25,000 jobs at long island city in the borough of queens. but there was concern about its impact on the local community and criticism of huge financial incentives promised by city authorities to amazon, one of the world's most valuable companies — run by the world's richest man. michelle fleury reports from new york. i'm standing about a block away from

overall a positive report from rbs. you for joining us.ou want to know the latest stock story that we are keeping an eye on, though on your bloomberg terminal or the mobile app. futures point downwards. nvidia.numbers out of maybe trade tensions and concerns ways on this morning. keep an eye on premier foods. they had been trying to sell their ambrosia brand. a buybacke also -- also in the offering. this is bloomberg. ♪ ♪ >> a minute to go until the start of the last cash equity trading day of the week. welcome to "bloomberg markets: european open." let's take a look at how some of these markets are positioned as we have 51 seconds to go until the start of friday's equity session. the euro weaker this morning. we had some dire data out of the united states yesterday. set a fairly negative tone for much of the u.s. session, although we saw a divergence in performance across much of the asset class. some weakness in oil prices. brent not doing badly compared to the last three months or so. this is the all-important equity picture coming in f

rbs numbers are out.m the royal bank of scotland, fourth-quarter pretax operating profit for rbs comes in at 572 million pounds. the estimate is 371 million pounds. that is a comfortable beat on the fourth quarter. rbs intending to pay a 7.5 pence dividend for 2018, that is the red headline crossing the bloomberg. the other headline is on that pretax number that i just gave you. looking at the other numbers, the four-year net interest income comes in at 8.6 billion pounds. fourth-quarter net interest income at 2.8 billion pounds. that is of the on the estimate of 2.17. operating pretax coming in at a big beat. let's get to other headlines. out of china, we will keep an i on trade talks, the reality is setting in for markets. atna, new loans coming in 3000 the estimate was billion, that is more loans than expected. credit easing is a question we can ask. those are the china headlines. there are more headlines coming through on rbs that i am keep an eye on. over the 12% goal, and that is the latest. also ha

rbs, allianz, vivendi. ftse 100 up eight basis points the cac, the main outperformer, up 40 basis points german stocks and italian stocks lagging behind them. let's get into the sectors big day for corporate news as well at the bottom of the pile we have autos down about 1%. remember, earlier this week autos are one of the strongest sectors, so giving back some of the early gains. at the top of the leaderboard we have media up about 70 basis points there we are seeing the sector brought up in particular by telecom italia shares trading very strongly after the news i just mentioned in the open around the italian state lender, cdp authorizing an increase in their stake to 10% now, i want to take you, as i mentioned, to the u.s. sales data that i mentioned briefly. this was firmly in focus yesterday in the afternoon session we had the u.s. retail sales data actually show a 1.2% decline in december. this confounded expectations and really reignited concerns around slowing growth in the u.s. now the figure sharp

munich down schalke a three one glock but suffered their first loss at home to head to berlin three nil rb life seacoast at frankfurt to a goal is draw and hanover had no trouble hosting nuremberg in a battle of the table cellar dwellers nickel i move broke the deadlock just before half time it was his first goal for hanover since joining the club in january and after the break he was back and he knew they completed his brace with this one pass the goalkeeper to help hanover hurdle over nerve burke in the table two zero the final. freiburg had a draw at the break and it ended that way with wolfsburg three three and in friday's game might receive laver couzens all fits of wrath and were demolished five what here's a look at that lopsided affair. it was one want to pace up to ten minutes but then the yulian prashad took over. he teed up hobbits to make it two one in the nineteenth minutes. grabs one of his own on the hof our mock. provided by none other assists for caraballo robbie in the forty third minutes. and then finished months off with a sumptuous second strike. two goals and two assi

in germany willi 0rban‘s late goal earned rb leipzig a point at home to hoffenheim in the bundesliga. the lead on 22 minutes through andrey kramaric. but with just two minutes left, leipzig finally found a way through hoffenheim's defence. 0rban getting on the end of a low cross from marcel hastenberg. the result leaves leipzig fourth, a point behind borussia moenchengladbach, with hoffenheim eighth. next to india where the women's cricket side have won the one—day series against england. they were already 1—0 up and won the second one dayer in mumbai by 7 wickets. chasing 162, india eased to victory with england captain heather knight forced to admit afterwards that her side haven't given a good account of themselves. 0ur reporter henry moeran has more. england came to mumbai hoping to win an 0di series on indian soil for the very first time. two matches in and that opportunity is gone and, with it, the chance to win four crucial icc women's championship points. the first 0di, well, it was a heavy defeat, the first 0di, well, it was a heavy defeat, batting second. on this occasion, t

come off and hyman dusseldorf share the points and so did durham burke and braman in the friday game rb leipzig one three nail it had over while on sunday mind struggled to oxford and stuttgart face freiburg. from football in europe to football in the u.s. one of the most watched annual sports events in the world is kicking off to morrow and atlanta georgia americans will know of course i'm talking about the super bowl the l.a. rams are taking on the new england patriots the patriots star quarterback tom brady is going for a sixth and f.l. championship title but a lot of fans are getting tired of seeing his team in the game seemingly year after year. tom brady and the new england patriots are gunning for their sixth super bowl but it seems not all of the u.s. is behind them in georgia the memory is still painfully fresh of the atlanta falcons super bowl defeat two years ago at the hands of brady and co we have it out i sat on me like. i think they were like yes just like me. i think oh man i'm so sick of the patriots but mainly because they beat us two years ago said quote i would never

but his first match and in disappointment thomas dahlan his team suffered a three nil loss at home to rb leipzig life to captain billy or been scored twice for the bulls after their fourth loss in a row hand over stay at the very end of the table all this weekend's bundesliga action series title candidates by an endorsement face tricky away games for table toppers dortmund a trip to high flying frankfurt awaits while byron make the journey to a leader it was inside it rejuvenated by a new man in charge the results could be crucial in this season's tight title race . play because a need to make up for a poor first half of the season that's why they brought in page of bush's coach during the winter break he faces a tough early challenge in the form of buy in. this isn't a very good scene but so we do much of it will be an interesting game and i think quite intense as well i mean to. play because you have taken forty four shots in just two games under bush and with their high quality attacking players the team could yet play a decisive role in the title race. next in two could a more than o

first match ended in disappointment thomas stall and his team suffered a three nil loss at home to rb leipsic captain willie or been scored twice for the bulls after their fourth loss in a row hannover stay at the very end of the table. now they're usually in church giving sermons on the weekend but right now in poland priests are on pieced participating in the annual john paul the second skiing competition clergymen from around the country traveled to wish well to take part in the tournament many of them took on the eight hundred meter race wearing their casts the event which has been going on for more than twenty years is named after the polish pope who was an avid skier so. if you're watching news don't forget you can get all the latest news and information around the clock on our website and steve dot com on a spice or thanks for joining. us. here what's coming up for book honestly you have plenty to talk about here on. the monitors lisa every weekend here on.

rb leipzig are also through to the last 8.ored the only goal of the game as they beat bundesliga rivals wolfsburg to reach the last eight for the first time. elsewhere in germany, augsburg won at 2nd division holstein kiel, and schalke beat fortuna dusseldorf 4—1. the draw for the quarter—finals takes place on sunday. racism rearing its ugly head once more. premier league side west ham united are investigating potentially some ugly scenes after a video emerged of a fan racially abusing liverpool's mohamed salah during monday's1—1 draw at the london stadium. in a statement, west ham said they have "a zero tolerance policy to any form of violent or abusive behaviour". the bbc‘s sports editor dan roan has more. liverpool's egyptian striker mo salah appears to be have —— being targeted with islamic phobic abuse on monday night at the london stadium and this incident has been ca ptu red stadium and this incident has been captured on video and posted on social media and appears to show a man in the home section of the london stadium

often himon distilled or share the points and so did nuremberg and braman in the friday game rb lives the one three mil at hanover berg beaten by the same scoreline on sunday and a late equaliser gave freiburg a two two draw with guard. cutter's victorious asian cup football team returned home to a rapturous welcome greeted by hundreds of thousands of fans the team drove on especially decorated open top bus to meet the huge numbers who had waited patiently for them to arrive so long crawl into doha kick started another night of wild celebration in it the qatari capital since friday's three one victory over japan the parting has barely stopped it was cutter's first ever asian cup try. and don't forget you can always get your news on the go just download our app from google play or from the apple store that will give you access to all the latest news from around the world as well as push notifications for any breaking news you can also use the deed of you app to send us photos and videos your up to date now on d w news up next world stories the week in it reports next spicer in berlin a

impacting the bottom line, do you see scope for more buy-backs as the year progresses >> i think both rbs is going very well this year, as has lloyd's, and i think that continues now. the cash potential of these banks, they're very capital generative, cash generative, and that really will underline the value here, and that just continues now for the next two or three years >> another feature of the results today, we learned that the jb between lloyds and schroeder's will be called schroeder's personal wealth. what do you make of the decision to drop the lloyds brand and go with had schroeder's >> the u.k. bairngs have had a difficult decade, frankly. if you look at the other fees coming in, the u.k. banks have seen very little growth, and there's a whole host of reasons. that ppi has hindered the brand, so going with the schroeders brand, you're selling non-banking products is prudent at this time >> there is an upside, right >> yeah. >> certainly >> well, one of the up side possibilities if we do get a resolution around brexit is that ultimately what that tells us is the headlines of bre

that's what we've seen from hsbc and rbs. jot bank has been under skrut for alleged veelgss of u.s.anctions and foreign exchange issues the standard charter shares up by .2% swiss r's annual profit rose 27% despite claims from natural and manmade disasters. however, those results missed forecasts last year, and it wasn't as severe as 2017 when a number of hurricanes, fires, and earthquakes in north america made it the costliest year ever for the insurance company. shares up by 1% in european trading. shares of lenovo hitting a nearly three-year high in hong kong trading the world's biggest maker of pc's swung to a profit in its third quarter beating forecasts. lenovo says it is optimistic about future growth in china and plans for focus on the high-end market those shares were up by about 12% in asian trade zbrierj >>> we are just getting started here on worldwide exchange up next, a housing pulse check the best global opportunities in real estate for your money we'll lay them out for you ahead. plus, johnson & johnson under fire yet again the dow component slapped with federal subp

we saw mattresses rb televisions, wooden pallets and utter hang over the sides of trucks. pete and jaums long are veteran truck drivers with the public works department. they worry their jobs could be put in jeopardy. >> if it tabes for me to get a >> reporter: they say their agency is creating a serious risk on the road. >> it's totally unsafe that these vehicles weighing what they way and how much garbage is in them, stuff is going to fall out. i've soon it happen and there's a chance they could kill somebody. >> reporter: according to california law they must be totally covered to prevent the load from spilling or falling from the vehicle and in san francisco the city's own safety manual says cargo inside pick up trucks must be properly loaded and secured with no less than two chains. >> the policy says we always have to tie it dune. >> reporter: but that's precisely what your policy says. he's in charge of san frusko public works. >> tlirlts number one priority. >> reporter: but how can you saw that insafety measures aren't being followed? >> your safety measure is tyi

and rbs thought the competition was worth led to nat west coming through, and guinness, it seems, havegood deal six years and for a lot less than the 130 million or so estimated that the cost -- that the organizers valued it at. speaking of guinness, looking at the rugby itself, this weekend one of the stand-out games, if not the stand-out game, is ireland led by rory, and england led by owen ferrell because, of course, tillon hartley, their captain is out injured for this one. now, it's going to be taking place in dublin. ireland, well, they are going into the match as favorites, bearing in mind that they are above england in the world rankings wales are also above england in the world rankings a rare thing to happen because england only finished fifth in last season's competition, would you believe. their aussie coach, eddie jones, though, he is never one to be shy about maybe playing a few mind games they started already he said he is only foekcused on playing ireland, and don't you dare mention the world cup just yet. >> obviously, the world cup is there, and everyone thinks about

rb they were ln unforgettable experience, and they got it-- but not how they pictured it. a hot air balloon, full of a dozen people, made an emergenc >>> right now at 6:00, they were looking for an unforgettable experience and they got it. not how they pictured it. the hot air balloon made and emergency landing. >> nbc bay area starts now. thank you for joining us. >> they ended up needing to be rescued by a chp helicopter in the >> is from sonoma to tell us how it literally went down. >> reporter: i did speak to the operator of that hot air balloon. they'rel

expensive of this transfer window and the biggest move into the bundesliga was amadou haidar as transfer to rb leipsic he cost the club nineteen million euros and treads a familiar path he's the fifteenth player to move from red bull salisbury to red bull owned leipzig. youth has been a trend among bundesliga signings league leaders dortmund brought in twenty year old argentinian leone out of the ballet to be as they look to stay ahead in the title race stuttgart new center back on cabbage is even younger and another teenager to arrive in the bundesliga is byron's out phone so davies the canadian joins the reigning champions for ten million euros as their only major newcomer but overall it was a quiet transfer window for the bavarians who were unable to make a star signing this january. a quick reminder now the top stories we're following for you here at the deputy u.s. secretary of state might come pale says the trumpet ministration is suspending its participation in a key nuclear disarmament pact with russia the u.s. with well the trial completely from the one nine hundred eighty seven i.n.f

chancellor angela merkel is in the japanese capital tokyo missing the japanese prime minister shinzo rb in a joint press conference she emphasized a push to intensify trade ties and research collaboration with japan the two countries already have close trade ties around four hundred fifty german companies are active there for his spot are they warned against rising protectionism saying germany and japan the was number three and number four economies respectively had an increasingly important role in protecting multilateralism macas visit comes just three days after a sprawling trade pact between the e.u. in japan came to force. earlier cameron school for the director of trade policy at the german chamber of industry and commerce in brussels told us about the significance of america's visit to japan. from a business perspective important. both economies want to cooperate closer we. trade while your move over forty billion euros between germany and japan we have a new trade deal that is set to reduce the trade barriers for both exports and imports and improve investment so. very much need

any republican that rb supports this e compromise, you' have to explain. >> reporter: it follows a combative trump rally in el paso last night. >> we have suffered ta y dishonest media. >> reporter: a man with a make america great again hat attacked a bbc cameraman inside the cordoned off press area. >> [ bleep ] the media! >> reporter: the man was removed from the arena and the journalist was not hurt. tonight press secretary sarah sanders released a statement on the president's behalf saying president trump condemns all acts of violence against any ou individual or of people, including members of the press. lester? >> peter alexander at the white house, thank you. >>> there was a shocking disvery late today in texas. children under the age of 5 found locked in a dog cage at a home.tw people now facing charges. let'get more details from nbc's ron mott. >> reporter: police say the disturbing discovery was made inside this building. four children found in shocking conditions, two of them locked in a dog crate. a texas sheriff's deputy calling it the top of the list of t woses he has seen invo

however rbs boss ross mcewan warned about the heightened level of uncertainty over brexit and that itd initally suggested. earlier today he spoke to the bbc‘s rob young who asked him whether the bank was prepared for a no—deal brexit. we have the customers in the uk that sell goods into europe and vice versa, large corporates in europe who operate in the uk. we need to be there to provide all banking services to them and that's what we've been planning for. it has been an expensive exercise, it has been very distracting, but are ready for customers. we also have a growth fund for those businesses concerned that they have to go and pre—buy a number of raw materials for their production. we have put aside three billion for what we call a growth fund to help those businesses with their supply chain. so you're giving money to companies to stockpile? yes, if they need to. 0ur relationship managers have been out talking to businesses about what their requirements will be and letting them know we will be there to support them, should things change for them. if the beginning of london fashion

expensive of this transfer window and the biggest move into the bundesliga was amadou haidar as transfer to rb leipsic he cost the club nineteen million euros and tread a familiar path he's the fifteenth player to move from red bull salisbury to red bull owned leipzig youth has been a trend among bundesliga signings league leaders dortmund brought in twenty year old argentinian learn out of the to be as they look to stay ahead in the title race . stuttgart new center back ozone cabot is even younger and another teenager to arrive in the bundesliga is byron's out phone so davies the canadian joins the reigning champions for ten million euros as their only major newcomer but overall it was a quiet transfer window for the bavarians who were unable to make a star signing this january. i'm on the thought she might thank you for your company business news is up next with steve. moore trigona international talk show for journalists to discuss the topic of the week when it is bracing for further protests as its embattled president targets a young leader who many venezuelans hope will reap the grip of

the base has actually already begun and despite the results of the referendum prime minister shinzo rb looks set to push ahead with the move we cannot avoid the necessity of moving him are said to be the most dangerous but least in the world we cannot put this off any longer. the basic questions in this city of guinea one surrounded by schools hospitals and shops under a deal with the us it's being moved to a less populated part of okinawa in the north called a narco residence there aren't happy they say the old bay should simply be shut down not replaced. your i've heard that this referendum has no legal basis but there are many people protesting in every day i hope this referendum will be a show of support to them. on the line reclamation has already begun the japanese government is pushing through that construction by force so i'm against the construction of a new base because the base is manned for war that's why i'm against the. u.s. service personnel stationed in japan were reportedly involved in almost ten thousand crimes and accidents in the decade leading up to twenty to aroun

you don't have as much demand from the rbs. to deal with, but the front end is positive. juliette: thanks so much for coming in. that is sonal varma, chief india economist for nomura. yvonne: indian markets have been trading now. let's get to mumbai. we have been trending sideways here when it comes to indicate -- india equities. any change? >> yes, we are actually looking at some gains coming in after three straight days of losses for the nifty. yet we do see a very narrow range and not just for the last few weeks, but the last few months. banking to index was also trending in the green at this point in time. higher by .3%. isfar as indian rupee concerned, that is showing strength against the u.s. dollar. we have seen that trade below the mark of 71, for the first time in four days. that said, all eyes will be on the big earnings as we near the last leg of the earnings season. rishaad: the last big one that came through on tuesday, some pharma and coal india, how are they looking? these companies have reported earnings ahead o

with the bank of england, and the last time they looked at something like this, they imposed a fine on rbss bill of more than £300 million is likely to escalate. simon, thank you for that. the uk has objected to gibraltar being described as a "colony" and its status as "controversial" in eu documents. the phrases appeared in new european legislation that would allow british citizens to travel to the eu without a visa after brexit. we can speak to our brussels reporter adam fleming. this was in a footnote, i understand. tell us more. yes, time to delve into the documents. in november, the eu published a proposal saying that british citizens who want to the eu on holiday orfor work british citizens who want to the eu on holiday or for work after brexit would not need a visa, but this being the eu, it then had to go through a legislative process to be approved by the member states and the european parliament. what happened during that process was that the spanish government insisted a little footnote was put into the document where it describes gibraltar as a colony and said that its status w

all know banks are being hit by increasing numbers of it shutdowns, tsb, visa, barclays, cashplus and rbst the number of incidents last year runs into dozens with some big banks reporting 30 or a0 breakdowns or hacks in the last nine months. uk banks have begun publishing the number of operational and security incidents under a voluntary scheme overseen by the financial regulator. let's talk to kevin peachey, the bbc‘s personal finance reporter. let's just try and define what these incidents are. what do the range to and from? this is operation or security incidents and they are ones that stop people, customers, being able to make payments. the frustrating times when your online banking goes down or your mobile banking goes down or your mobile banking app. and you can't make a payment. it is the first time that banks have told us the frequency of these cases and their are —— there is quite a range, for example the top one is barclays, with 41 cases in the nine months to the end of last year. many of those are minor glitches, they say, but it has been transparent about all of them. many of

. >> rbs has a target increase on this one i still like it. >> voya? >> upside calls. >> pete?colgate jimmy brings up a lot of names that you say you don't want, they're still going to go higher holgate keeps rolling up, looking for more up side. >> lousy quarter and it didn't go down. >> that's a good sign. >>> 30 seconds coke cola earnings thursday. >> love love love. >> they're money. >> pepsi on friday. >> great, money. >> really? >> yeah, even better >> frito >> that's makes enough of a difference for you >> she should be the ceo of intel, because she knows hips. >> you by use the term royale, and not casino >>> we're out. >> thanks, kell. >> thanks, kell. >>> no words thank you, scott welcome, everybody here's what's ahead this hour. what is better for the imply corporate investment or buybacks we're going to look at the numbers. >>> plus making a comeback, how with you -- and from cold to piping hot, the one stock that many had given up with is back with a vengeance i thinkdom knows what it is already. >>> we are looking like we're treading water this morning. right now

a lot of my fellow film makers, berry brown, a long time edit rb, newcomer adam driver, my guy, he goteeling and it's had impact around the world and we're going to l.a. to have fun. >> and no doubt most people, black or white watching the conversation on the television and him hoodwinking the klan leader all of time, david duke, because of the manner of his speaking, tell as lot about our culture and the way you put this movie. comedy with the tragedy of people wearing hoods. >> call me up and said spike, i want you to look at something. and i said what? six words i'm going to give you. black man infiltrates ku klux klan. very intriguing, absurd and that's where organically the humor comes from, just the crazy prms. >> and he gets clan and almost like cartoon characters, they're so stupid. but i remember even clarence thomas, he even said that's not free speech. that's violence and using of the burning cross. >> this is a true story and ron stallworth did speak to david duke on the phone and the grand wizard thought that ron stallworth was of arian race. so makeup your own mind how sm

i can tell you the white house as well as people around president trump rb even if they don't admit itroger stone and wikileaks conebzs and he was talking about trump tower moscow the idea that the president could have at some point colluded at the trump tower. michael cohen's story is the president knew about all of that. he was saying the president knew about everything going on in the campaign. it's hard to think if he came without a report that president trump wouldn't have known about that. >> thank you both for joining us. and up next, president trump called kim jong-un a great leader and a friend today. what can we expect when those leaders finally meet tonight? leaders finally meet tonight i switched to liberty mutual because they let me customize my insurance, and as a fitness junkie, i customize everything. like my bike and my calves. liberty mutual customizes your car insurance so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ sarah's last tuition payment, sent off. feeling good? oh yeah. now i'm ready to focus on my project. ♪ ♪ this is why we plan.

you have seen comments the president made about members of congress rbs republicans and democrats.f these up on the screen here. some of these will be familiar to you, targeting mitt romney saying nancy pelosi who will be sitting back behind him tonight very bad for the country, saying bipartisan talks going on right now are a waste of time. i want to ask, why should lawmakers sitting in the chamber and americans at home believe that the president is truly behind bipartisanship? >> one is substance. the president has signed into law major reforms like criminal justice reform and opioid drug legislation that had overwhelming bipartisan support. every democrat who voted in the house and the senate voted in favor of the drug legislation. we know it is possible. i think americans are smart enough than to believe one cherry picked screen's worth of tweets. he has been attacked by many of those people. he is much like me, a counter puncher. very rarely draws the first blood but makes sure to get the last word when appropriate. this is a president who has been consistent for years about b

the walls rb very effective. here you see the wall between san diego and tijuana, a very effective wall. people are not going to get around that wall. here is a wall in israel between israel and egypt because israel was having a pob of people sneaking in their country. israel built a wall well over 95% success ifful. no one is getting in there. other countries with successful walls, with a wall that is built ith taxpayer money, no problem going for it is the wall along the jordan and syria border. it's important for jordan not to let terrorists in their country. that wall has been highly successful in keeping jordan safe. hungary, who shares the border with serbia. so were afraid with people they built a wall. has been y found it successful keeping immigrants. there is a why why president clinton wanted a wall and israel and hungary and nine of the european nations have walls. it's because walls work and that is the clearest way. there is another benefit to walls. it sends a message that the united states is seri

rb segmentat the yesterdaya, he seemed to be saying we are going to get the wage inflation.o back a few months and look at previous speeches, he has been quite wary about the lack of wage inflation coming through in australia. eentralia has quite a k example of markets being extremely tight. .he low was in wage inflation it is now only about 2.4%. it has improved, but not an awful lot. that is something which the rba has been very wary about before. melbourne and sydney housing markets are slowing down. there is certainly headwinds there. nejra: it comes back to the global conundrum of where inflation is. again, cano ask you the world escape the low rates trap that japan is stuck in? it has been 20 years since zero interest rates. what is your answer to this question? jane: i think the answer is no. japan is the most extreme example. if we look at labor there, extremely tight labor market. there is anecdotal evidence of coffee bars in tokyo shutting down. australia,ing this the u.s. it is surprising that you are not seeing this more wage inflation.you come up empty at k as a

when you look back a couple of years ago, before he sat out of the 2016 ros rb his poll numbers weren'tcandidate is actually a candidate. as we saw with hillary clinton. when before she was candidate, her personal approval numbers were sky high. like you said there's a little bit of a disparity in those numbers when you have a blank question asking people who they support verses throwing joe biden at them and if joe biden is whatting to see who else gets into the races, that yes, there will be many other people that demonstrate they can also be electable. and then there's the question of if he did get into the race, how are the democratic base going to respond to that? because right now his main argument is -- you know, he has to get in because he's tlr only one that can win. but once you're in, it's all about who'ser going to excite the base? who's go having to the best ideas? and you see eall these other democrats running to the left on issues like medicare for all. and joe biden is going to have to at some point be something other than i'm the guy that can beat trump. >> when biden p

>> it's just we see actually the second bank with provisions against brexit the first one was rbs doing the quarterly results. these are generic provisions they're not specific there's no deterioration insight at least in the short-term, but clearly the macroeconomic environment is deteriorating, and management is becoming more cautious >> better safe than sorry. let's book these now getland of the curve i wonder when you look at the scenarios over the next five or six weeks, do you think that major bairngs, including those based in the u.k., have done enough already, or is that still work to be done? are they ahead of other sectors dramatically when it comes to preparing for no deal? >> i think there are two orders of impact coming from breck it it's really the loss passport, and in these respects, u.k. banks are well advanced. also because of requirements from the regulator most banks have now set up subsidiaries in the e.u. on the other side, the second order of impact is coming from the deteriorating macroeconomic environment, and, you know, the impact will depend very much on wheth

we have major crisis in this can country and especially after four years of the disast rb of what will be the disaster of trump if he lasts four years, we're glowing growing to have move rapidly addressing issue after issue after issue. let me mention other issues that have not been talked about. we have to pay more attention to rural america. we have to pay more attention to rural committees. we have to pay attention to the impact of artificial intelligence and robotics is having on our society in driving people out of the jobs thauvler for years there's an enormous amount of work to be done and y78 rr going to need a president and congress to focus on issue after issue to transform the economic and political life of his country. >> we've talked about domestic issues and you've been fairly active, particularly in yemen where you've worked with citizens across aisle. and there's been reporting about sort of your foreign policy staff. i wonder is there a sanders doctrine? there a way that you view american leadership and foreign policy were you to become president? >> in 30 seconds or l

they could have been approved as construction rb-9, but they would need permission from the tangs. so even today, they could get them approved, but the tangs would have to give permission for that. so we're at an impasse. it's the board's discretion, but basically, if the windows aren't allowed, and the option is to restore to the previous condition of the wall, then i think according to mr. mulligan, he will do that, and the only way that he could keep the -- any sort of an opening there would be with the tangs' permission. d.b.i. also has a block notice similar to planning's. there's no way if we lifted the inspection that they could get a final inspection. miss tang talked about permits being null and void, and i know that language is in the code. but i would argue that if permits are expired, we have to have the right to renew the permits for final inspection. by right, that permit actually expired in 1991. it could have received a notice of violation then. probably should have, but we have thousands of permits that are expired, and this work that -- for these two bedrooms, bat

and tata motors, a charge for the luxury business, and rbs, trading lower on a report from bloombergthe uk government may trim stake in the bank shares are down nearly 4%. a lot happening in europe. carl, back to you. >> thank you >>> dow down 300, largely on headlines from larry kudlow regarding china trade. we turn to kayla tausche with more news. >> reporter: i'm getting information from sources of my own. one source in particular, senior administration official says president trump and president trump xi are highly unlikely to meet before march 1st. they could meet shortly thereafter that meeting, but this meeting is highly unlikely to take place by march 1st the reason the timing is important is china is pushing to hold the meeting on the back of the kim jong-un summit we know to be february 27 and 28 they wanted this meeting to happen before that deadline where tariffs are set to double on some $250 billion in chinese goods. the question now is what happens to those tariffs on that date. the overriding feel within the administration according to people in the administration, pe

wv rb in louisville, a federal utility board moves to close a coal-fired power plant in kentucky over the objections of residents from and some state g.o.p. leaders. the tennessee valley authority voted to retire the remaining coal-fired unit and its paradise fossil plant by december of next year. the head of the board says the decision is about finances. fox 32 in chicago with a legal challenge of president obama's $500 million presidential museum and library. a judge heard arguments today on a city motion to dismiss the lawsuit. at the ski group say violates laws barring development at lakeside parks. and this is a live look at a foggy denver from fox 31. the big story there, and end to the teachers strike. educators will get paid raises with built in cost-of-living increases and future opportunities for salary hikes. the deal must be ratified by the full union membership. that is tonight's live look outside the beltway from "special report." we'll be right back. your car insurance, so you only pay for what you need. over to you, logo. ♪ liberty. liberty. liberty. liberty. ♪ and bac

rbs plans to award shareholders a special dividend off the back of strong profits signaling the lenders compliment in the -- competent in weathering the storm. remains one of the strongest capitalized banks in europe. a volkswagen are close in agreements to georesources on self driving cars. they have letters that have been a total of breakthroughs, one of them -- three of them being preventable. at value makers discuss that $4 billion. that is your business flash. time is running out for the u.s. and china to reach a trade deal. talks in beijing are wrapping up today with few signs of progress. learned the two sides are split over reports over the chinese economy. meanwhile, factory inflation slowed. when you look at the chinese ,conomy and have a great chart are you worried more about domestic slowdown compounded by trade, or just rate? geoff: absolutely the domestic slowdown. that is repeated to look at the consumer, make sure producers are looking as well. that is something organic and far less impacted i trade tensions and the like. the impetus for markets is to focus not on trade