rupert: i think u.s.shing is the oil price, which is testing in the short term, the bomb only of this range. if we get stability there, i think the u.s. is the wrong price. go within all this, let me back to politics and your wisdom on the conservative party. may s prime minister going to be seven days from now? rupert: actually where she is now. she is hostage now to a conservative party that sees kind of the dam holding back chaos. they do not want another election, because you've got corbin's ratings in the short term very high. lose an rvatives could election. you've also got a party that can't really agree on who it leader. be the next tom: exactly. rupert: the plurality who don't majority want boris johnson or david front-runners. i think it's in everyone's interest to allow more time, maybe someone else to emerge. feeling that a brexit has turned into this political -- kind of kills maybe it touches, and just let them do brecksity and get a fresh face the next had a. after tom: may i suggest harris

rupert, talk us through this massive obstacle rupert, talk us through this massive o bsta cle for rupert massive obstacle for toshiba to go ahead with the sale of the chip unit. yes, sally, getting increasingly complicated. what was already a congregated story now has another spanner congregated story now has another spanner in the works because western digital, a large us corporation that makes computer memory and has a large joint makes computer memory and has a largejoint venture with makes computer memory and has a large joint venture with toshiba in japan, that compa ny‘s large joint venture with toshiba in japan, that company's management has filed a court action in california to block the sale of toshiba's flash memory division. toshiba say it is still hoping to go air and and announce a preferred for that division by its meeting at the end of this month. —— to go ahead. but it now faces a legal obstacle because of this injunction filed by western digital. western digital had already filed for arbitration, a process that could take, i understand, up to two years, but toshiba wants

what does this mean for rupert murdoch's considerable media interests ?gs for the murdochs, on the one hand they will be relieved they have been deemed fit and proper by 0fcom to own a broadcasting licence but there seems to be lingering worries despite assurances about excessive power and control being in the hands of one family. rupert murdoch is not as powerful as he used to be in britain, his newspaper circulation is in decline, they didn't get the result they wanted in this election, and powerhouses like amazon, netflix and powerhouses like amazon, netflix and facebook means there's competition for the likes of sky. rupert murdoch is a divisive character so this is over to the authority which will take months to look at the bid which means for the time being fox is stuck in the grass. the family of the last person to die from injuries sustained in the hillsborough disaster have told the bbc they're hugely disappointed that his death has been excluded from the newly—announced manslaughter prosecution. tony bland's life support was removed four years a

said she is minded to refer rupert murdoch's 21st century fox ta keover refer rupert murdoch's 21stg. the decision is a blow to the media mogul‘s hopes of having an £ii.7 is a blow to the media mogul‘s hopes of having an £11.7 billion deal waved through without further scrutiny. the uk's accountancy watchdog — the financial reporting council — says its begun an investigation into the auditing of bt‘s financial statements. it's in relation to the company's italian division. in january, bt wrote down the value of its italian unit by £530 million after years of "inappropriate behaviour". there's been almost a 10% fall in the number of cars produced in the uk. the society of motor manufacturers and traders said that over 136,000 new cars were built in may, 9.7% fewer than the same month in 2016. let's get more on the implications of the decision by culture secretary karen bradley over the 21st century fox bead to complete its takeover of sky. the culture secretary said she is minded to refer the takeover bid to the competition watchdog. earlier, we spoke to media analyst claire enders.

rupert harrison from black rock is with us. rupert, do you miss being part of an election cycle?appy not to be part of this one. francine: why? >> from a conservative point of view, this must have been a painful one. anna is right. they wanted to be talking about brexit 24/7. it was effective in bringing home those u.k. voters. was bigger. vote than the tory margin, but they have been knocked off course by their own manifesto, which was unintended. and these terror attacks, which he would expect to strengthen the incumbent government because they can look strong, actually, theresa may has ended up having to defend her record of police cuts. so, i'm happy to be out of this. it must have been a nervous ride. francine: this is tactical. we have not really heard from anyone but theresa may over the last couple of weeks. and then she dispatches boris johnson to the labour heartland to bring it back to brexit. tactically, it makes sense. tune witheir best the electorate is definitely brexit. they have not had enough other positive things to say. a lot of the other stuff has been diffic

rupert murdoch's son?xecutive of 215t—century fox which would be the owning, holding companies and he would be running it. whether it is appropriate in terms of corporate governance for somebody like him who is alleged to have been involved in covering up extensive criminal wrongdoing at the news of the world. alleged. it is alleged. innocent until proven otherwise. yes, we want the truth. you may rememberand otherwise. yes, we want the truth. you may remember and your viewers will, the leveson inquiry was set up to look at this, one part was going to look at this, one part was going to get the truth, had to be delayed until after criminal trials, which is right, you do not want it public and to make those trials unfair. this secretary of state sitting in judgment on this bid has delayed the second part of that inquiry and has announced an intention to stop it looking at whether there was a cover—up and whether it was police corruption. it is astonishing that secretary of state would on one side of the bid

rupert murdoch pioneered satellite tv in britain.ars ago with sky made him the country's first multimedia mogul. thank you very much, mr styles. six years ago, he withdrew his bid for full control of the broadcaster because of the phone hacking scandal, which led to the closure of the news of the world. on the question of whether the merger... today in parliament, it was concerns about his power and influence that led to his latest bid being referred to the competition watchdog. ofcom's report is unambiguous. it concludes, "the transaction raises public interest concerns as a result of the risk of increased influence by members of the murdoch family trust over the uk news agenda and the political process with its unique presence on radio, television, in print and online." here is why the murdochs are so desperate for this merger to be approved. digital giants like amazon and netflix are pushing another revolution in viewing habits by investing billions in programmes. so the murdochs want full access to sky customers in crucial market

it has been a disappointing day for rupert murdoch.hole matter to the government watchdog. this is our media editor. they will be pleased and relieved they have been deemed fit and proper by the broadcasting regulator ofcom to own a broadcasting licence. but there are lingering worries about excessive power and control being in the hands of one family. but rupert murdoch is not as powerful as he used to be in britain. his newspaper circulation is in decline. they did not get the result they wanted in the election and the rise of powerhouses like amazon and facebook means they face competition. rupert murdoch is hugely controversial and divisive and it is being returned to the competition regulator and for the competition regulator and for the time being rupert murdoch‘s fox is in the long grass. in a few minutes we will hear from richard conway who is in dusseldorf for the start of the tour de france. i will give you his report in about ten minutes‘ time. thunderstorms have been erupting across the central and northern plains of the un

in london, david harro and rupert harrison.esterday was for morgan stanley, a really subdued auto sales. the president is looking at a slowing economy that just cannot get going. associates look at the auto industry globally. are you seeing a global slowdown indicative of not only an economic slowdown but a toyota or ford or gm slowdown? david: actually, the global auto industry is in fairly decent shape. the u.s. is coming off its peak but it was just that, the u.s. auto industry had robust growth since the crisis and now we see a little softening. you do not see a hard landing so far and given the state of the consumer and increasing employment, you will not see a hard landing in u.s. autos, and the european modern -- european auto market is doing well. , despite thet e.m. chinese have taken away some subsidies, that market is hanging in pretty good. the only place you see a little distressed and autos is in the u.s. where there is a little more competition, but this can almost be expected given the selling level the u.s. mar

this is really a character test for rupert murdoch. jonathan: whether he is a fit and proper owner and whether the deal will hand him too much media clout. ukulele -- the u.k. declining. stocks up .9% on the session. the big story in the united states, financials leading premarket trading this morning after every lender past the stress test for the first time since 2008. the fed told think banks they have more than enough capital and lenders unveiled how they are trying to generate interest. jpmorgan the nation's largest lender says it is boosting its and mayy dividends 12% increase repurchases to 19 4 billion over the next 12 months. simon, that is quite a big number for some of these banks. were you surprised by the numbers? >> certainly surprised. it has been a pretty tough year with the trump trade being priced out of the united states it's nice to get some positive news. jonathan: people are trying to figure out if this is a sadder story. hurdles to get that overweight financials trade. >> we see another fed rate hike. the economi

the deal would give rupert murdoch total control of the broadcaster.e katherine grainger, the incoming chair of uk sport, says she has "huge concerns about athlete welfare". i think there is huge concerns, without a doubt, no one is pretending there isn't. good morning. it's thursday 29th july. i'm annita mcveigh. welcome to bbc newsroom live. a retired court of appealjudge, sir martin moore—bick, will be appointed to lead the public inquiry into the grenfell tower disaster. the news comes as police say at least 80 people are believed to have died in the fire, but they don't expect to be able to confirm the final number for at least another six months. this morning the prime minister theresa may released a statement on the appointment of sir martin moore—bick to lead the inquiry. there's also been a statement from thejudge himself, sir martin. with me now is our legal affairs correspondent clive coleman. first and foremost, the families of the victims and this virus, they will want to know more about who this man is —— and the survivors.” will tell you

rupert wingfield—hayes in tokyo.china's access to artificial intelligence —based technology developed in america. according to reuters a leaked report shows proposals from the pentagon that export controls should be updated to stop chinese firms being able to invest in some start—ups. and the rules are changing in china for football clu bs and the rules are changing in china for football clubs to help the local development of the sport. clubs that spend more than $6 million on foreign players will have to pay the same amount into a national soccer development fund. the measure follows a spending spree from teams backed by major private firms and state—owned businesses. now, the e3 gaming event in la, that is where the latest things are being unveiled, including the latest company to an veiled their wares, japanese gaming giant nintendo, slipping behind sony and microsoft recently, they are enjoying a resurgence thanks to the newest console, the nintendo switch, and here is chris fox reporting. mario, whoo—hoo! i love

but first: we start with a big day for this man, media tycoon rupert murdoch.e may be 86 years old, but his empire—building ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky, or whether to order a full investigation. so what is at stake? mr murdoch's 21st century fox already owns 39% of sky. the price tag for full control — $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region, but some claim it would give mr murdoch too much control of media here in the uk. it is not the first time he has tried to take over sky. his company news corporation abandoned a bid in 2011, following the phone—hacking scandal involving its newspapers. this year a new scandal, sexual harassment allegations at fox news in the us, has led to calls for the latest deal to be blocked by the uk regulator, ofcom, something our media editor amol rajan asked mr murdoch about when he caught up with him in new york last month. from th

we feel rupert murdoch has too much power over our politics. with the murdochs, before we hand him any more of media. and so a takeover bid that was first proposed seven years ago is still not settled. but for the murdoch family, sky was their creation. it almost bankrupted them in the ‘90s, before they turned it into the success of today. the battle is still very much on to finally make it theirs. david sillito, bbc news. britain's household energy bills — and carbon emissions — have been kept in check by eu rules on energy efficiency, but a new report warns that both could rise unless ministers implement new policies to save power. the committee on climate change says the uk needs to move quickly towards developing plans to keep emissions down. ministers say they will come forward with a new policy in the autumn. here's our environment analyst, roger harrabin. we have more and more gadgets all the time. tvs are bigger. many homes have multiple screens. 0ur chores are done by machine. yet the average home is paying less for energy than we were

we start with a big day for this man — media tycoon rupert murdoch.be 86 years old, but his empire—building ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky — or whether to order a full investigation. so what's at stake? mr murdoch's 21st century fox already owns 39 per cent of sky. the price tag for full control? $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region. but some claim it would give mr murdoch too much control of media here in the uk. it's not his first takeover attempt. his company news corporation abandoned a 2011 bid following the phone hacking scandal involving its newspapers. this year a new scandal — sexual harassment allegations at fox news in the us — has led to calls for the latest deal to be blocked by uk regulator ofcom. something our media editor amol rajan asked mr murdoch about when he caught up with him in new york last month. report, bbc, are you worried abo

murdoch end up plurality, would rupert murdoch end up owning too much of it?itorial values. the third was whether they are fit and proper. these three criteria have been looked at by ofcom, they have submitted a report to the government, and karen bradley now has nine days to decide whether to approve this deal or whether or not to say it needs further regulatory thinking. what is your sense of the political climate around this? do you sense that opposition has increased or decreased? the election result was what rupert murdoch's newspapers were hoping for, although they wanted her to have a majority, rather than a hung parliament, and the sun and the times were very keen on that result. if we had a labour government, they would be more opposition. the mood music i am picking up is that they already owns 39%, huw, and for there to be regulatory intervention, the application would be that 100% ownership would be a problem when 39% is not. who knows? at the news events of the last six months, anyone would be mad to predict what could happen, and i have not seen

we feel rupert murdoch has too much power and he is a dangerous man.at was first proposed seven years ago is still not settled. but for the murdoch family, sky was their creation. it almost bankrupted them in the 90s before they turned it into the success of today. the battle is still very much on to finally make it theirs. david sillito, bbc news. time for a look at the weather prospects. good afternoon a pretty miserable afternoon across scotland with heavy and persistent rain as you can with heavy and persistent rain as you can see with heavy and persistent rain as you can see her, it is creeping its way westward into northern ireland. we're so have light rain and drizzle across some parts, it is windy as well which has brought a real chilly field to things. this evening and overnight, it stays largely dry, might seea overnight, it stays largely dry, might see a shower or two and a lot of cloud in london and norwich, it is going to be a wet start today and will be wet down the west side, gradually the rain is sinking southwards and eastwards, it wea

rupert murdoch is not as powerful as he used to be in britain.the result he wanted in this election and the rise of powerhouses like amazon and facebook means they face competition in skye. this is now over to the competition and markets authority and they will take months to look at the bid which means by the time being rupert murdoch's fox is stuck in the long grass. the most extensive study to date on the impact of pesticides on bee colonies has been released by scientists. the investigation has concluded that the chemicals — which have been under a temporary ban in europe since 2013 — are harmful to both honeybees and wild bees. 0ur science correspondent rebecca morelle explains. 0ur bees are in trouble. around the world, these vital pollinators are vanishing. now a major new study has revealed the role of pesticides called neonicotinoids. the chemicals were used extensively for oilseed rape until a temporary ban in europe in 2013. neonicotinoids really change the way we use pesticides. instead of spraying fields, seeds are coated with the ch

earlier our correspondent in tokyo rupert wingfield—hayes told me that it's unclear how this happenedm the very start is, how did such a sophisticated warship, one of the most sophisticated warships anywhere in the world, collide with a large container ship in a calm, clear weather, albeit at night? the answer to that will come with the investigation, and what we do know is that the philippines registered cargo vessel does appear to have made a number of sharp turns as it approached the coast of japan early on saturday morning. there will be questions as to why. these are very sharp u—turns. you can see it on the gps tracking that the japanese coast guard have, over and over again in a very sort of erratic way, so the captain and crew of that vessel will be questioned as to why they made those terms. nevertheless, it is a large, slow moving ship, so there will be spot the ship turning, and turn away themselves in time. it seems they did turn away at the last minute, but it wasn't quickly enough in order to avoid a collision. and the collision inflicted a huge amount of damage. you wer

we start with a big day for this man, media tycoon rupert murdoch. ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky, or whether to order a full investigation. so what is at stake? mr murdoch's 21st century fox already owns 39% of sky. the price tag for full control — $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region, but some claim it would give mr murdoch too much control of media here in the uk. it is not the first time he has tried to take over sky. his company news corporation abandoned a bid in 2011, following the phone—hacking scandal involving its newspapers. this year a new scandal, sexual harassment allegations at fox news in the us, has led to calls for the latest deal to be blocked by the uk regulator, ofcom. more details on that in just a few moments. as we have been reporting all week, it has been 20 years since the financial crisis that swept through east asia and wrea

rupert, we will come back to you with more updates, but many thanks for now.f have been drafted in to manage the response to the g re nfell tower in to manage the response to the grenfell tower fire after criticism of kensington and chelsea borough council. judge services are to take place across the country today to remember those affected by the blaze. —— show church services. the queen's speech will be cancelled next day to allow more time for brexit negotiation. it has been described as an unusual move. a fall in the number of people who own their own home is fuelling inequality in britain, according to a new report. research from the resolution foundation think—tank suggests that 10% of adults own around half of the nation's wealth. our business correspondent, joe lynam, has more. the awful fire at grenfell tower has highlighted for many the issue of inequality in britain. dozens dead in the wealthiest borough in the uk. now an independent think tank has said inequality has worsened since the great recession because fewer people own their own homes. the r

with these 22 million subscribers across europe, james murdoch, the son of rupert and chairman of skythinks that the family empire can continue to grow. the murdoch family obviously have traditionally been very powerful in newspapers, but of course what has happened in the last few years is that newspapers have become steadily less and less influential. we are now moving into a world where newspaper circulations are falling steadily and more and more people are going to get their news from places like google and the social media companies and they are the new media giants. as i have said to a number of other witnesses... but the murdochs are nothing if not divisive. alleged victims of their tabloid papers argue that the second stage of the levenson enquiry, which promised to scrutinise james murdoch's corporate leadership, but was dropped in the tory manifesto, is needed before this merger can go through. it is in the newspapers‘ interests not to have the other part of the leveson, they don't want their dirty washing out in public, they don't want us to see the double—dealing. fox say

the government leading to the further review of rupert murdoch and the deal between walgreens and riteid also part. is a potential appeal and replace of obamacare remains up in the air. we will talk to the woman who helped implement the law, former health and human services secretary kathleen civilian -- kathleen is our guest today. we are 30 minutes away from the end of the session. stocks falling for the sixth day as investors continued to digest what has been a heavy week for central bank commentary. look at all these currencies rising against the dollar today, the pound continuing after those hawkish comments from governor mark carney. yesterday, the rising yields continued. we got some data today, euro area economic confidence jumping to the highest level in a decade just two days after bronte confounded investors desk mario draghi confounded investors by offering -- suggesting there is room to -- he called for prudence and patients. business confidence in germany -- ing the governing council next to me to set policy on july. most economists do not expect a change in stance before

in other news: making headlines, rupert murdoch will find out later today whether he is closer to securing2ist is closer to securing takeover target sky. murdoch‘s 21st century fox offered $15 billion to buy the rest of the network, reigniting a row over whether the australian—born businessman has too much influence. turning to aviation and india‘s cabinet will privatise air india. a committee will be formed to decide the details including the size of the details including the size of the government stake to be sold. the debtladen carrier has struggled to become profitable due to growing competition from low—cost rivals. and as we have been reporting all week it has been 20 years since a financial crisis or a three stage. while regional currencies were tumbling malaysia went against conventional wisdom, tumbling malaysia went against conventionalwisdom, implementing capital controls and sparking an outcry from the international financial community. in the short term this helped lessen economic damage but what about the long—term? christine hart made that decision, the former prime minister

and the culture secretary says she is "minded to" refer rupert murdoch's 21st century fox takeover ofe competition watchdog. good afternoon and welcome to bbc news. sir martin moore—bick — the retired judge chosen to lead the public inquiry into the grenfell tower fire — says it's unlikely its remit would be wide enough to satisfy all survivors. sir martin promised a "vigorous inquiry‘ that would look at the problems surrounding the start of the fire and its rapid development in order to prevent this ever happening again. after meeting with residents this morning — he said he understood their desire forjustice and that he would produce an interim report "as early as possible". critics say residents should have been consulted. 80 people are now presumed by police to have died. here's our correspondent richard lister. the family and friends of tony disson gathered for his funeral today, a short distance from grenfell tower where he died. with an estimated 80 dead, there will be many more such funerals. looming over them, questions about why they died, who was to blame, how can others be

british regulators raised concerns that billionaire fox owner, rupert murdoch, would have too much control over the u.k. media. the deal will be b examined by britain's regulators. shares rose to $28.19. >>> mccormick said acquisitions and new product demand helpeded the company report higher than expected revenue. also came in ahead of forecast, but the company slashed gints for annual operating share. and that sent shares lower by 3% to $95.36. and the semiconductor maker micron technologies said cost cuts and improved prices of memory chips helped sales grow. the company also beat earnings ek peckations and gave guidance for the current quarter above forecasts. the shares were flat but ended county 2% 31.47. >>> after calling kin etic in home for more than 160 years, aetna is is relocating to new york city. the move comes at connecticut faces budget deficit problems. the insurance giant says it plans to retain thousands of employees at its hartford campus, pu that could change down the road depending on the state's economic health. >>> new york city apartment prices ghit a new high. acc

from tokyo rupert wingfield—hayes reports. this is the us fitzgerald today, safely tied up at a timeamage to the shipside is obvious to see. what is hidden from view is the damage below the water line. the commander of us forces in japan today said damage below there was worse. the damage was significant, it is not a small collision. it was right tv pilot's out, there was a big puncher underneath the ball water line. the water rushing into the ship overwhelmed seven sailors, probably as they slept in their bunks. this morning you are staying —— us navy divers went on the compartment and found their bodies. for some hours after the collision on friday night it was touch and go, the water rushed in so fast, senior officers admit that the ship was in danger of sinking for a time. the heroic effo rts sinking for a time. the heroic efforts of the ships crew prevented this ship from foundering or even thinking last night. there isn't much sadness here at the loss of life. most are now focusing on this philippine cargo ship. the damage to its power tells its own tail. satellite tracking app

rupert wingfield—hayes there.nnesota has acquitted a police officer who fatally shot an african—american man after pulling him over for an alleged traffic offence. philando castile's girlfriend, who was beside him in the car, live—streamed his dying moments on facebook. laura bicker reports. we got pulled over for a busted taillight in the back and the police just... he killed my boyfriend! philando castile was pulled over by police because he had a faulty brake light. minutes later he was shot five times. his girlfriend filmed the aftermath on facebook, as the officer kept his gun trained on the car. oh my god, please don't tell me he is dead. please don't tell me my boyfriend just went like that. keep your hands where they are! yes, i will keep my hands where they are! mr castile was seen on police video telling the officer there was a legally purchased weapon in the car, but he wasn't going anywhere near it. 0fficer yanez said he felt his life was in danger, that mr castile was high on marijuana and he matched

to you and the other billion in the media owners and rupert murdoch. and that is the vote of confidence not in terms of journey. but it also stands out to you as the mainstream media. rapidly coverage of this. good afternoon from. the queen and prince william visiting people affected by the terrible fire that. engulfed. and then a charity single initiative from an on the record conservative music mogul honestly . believe. chills it sounds beautiful beautiful absolutely.

rupert wingfield hayes in tokyo.s been appointed by the government to advise on securing new deals with countries outside the european union. crawford falconer, who previously called brexit an "enormous opportunity", will work with the international trade secretary liam fox to set up deals to be signed when the uk leaves the eu. mr fox is due to visit washington on monday to develop new links with the us. it is just approaching 12 minutes past nine. it is expected to become one of the deadliest peacetime disasters in british history with over 70 people thought to be dead or missing, the grenfell tower fire over 70 people thought to be dead or missing, the grenfell towerfire has devastated the lives of hundreds of families. how will this affect to be feeling and what kind of support is available for them. questions that trauma psychologist richard reid steals with. hejoins trauma psychologist richard reid steals with. he joins us now. trauma psychologist richard reid steals with. hejoins us now. good morning. we've be

rupert wingfield hayes. the polls today for the second round of the country's parliamentary elections. president macron‘s en marche party, which was formed just over a year ago, is predicted to win up to 80% of the seats. it is currently ahead in 400 out of 577 constituencies. a traditional polynesian canoe has become the first vessel of its kind to complete a round—the—world voyage. the canoe returned to honolulu in hawaii after visiting 19 countries during three years at sea. the crew used the stars, wind and ocean swells to guide them. they wanted to use the same techniques as the first polynesian settlers to hawaii did hundreds of years ago. there it is going into new york. and sydney. proof, if you needed it, that it has been round the world. it is 12 minutes past eight. helen will have the weather later and we will have the weather later and we will have the weather later and we will have the sport in 20 minutes. now oui’ have the sport in 20 minutes. now our main story. church services will be held to

rupert murdoch should find out today whether his own 11.7 pound bid for buy skye is likely to go aheadit comes six years after a previous attempted the u.k. culture secretary is expected to tell parliament what she intends to do about the takeover. h&m says it will be to markdown clothing prices after a 2017 -- surge in inventory as first-half sales missed expectations. pre-tax profit rose to 7.71 swedish krona. the company says it plans markdown's with the aim of giving the autumn season the best possible start. mark: prime minister theresa may will face of further testify minority ministration as labour seeks to introduce elements of its own manifesto. pushing for britain to keep the benefits of the e.u. single market and customs union but falling short of calling to retain membership of both. the amendment comes ahead of the final vote of may's queen speech scheduled for later in the day. can't speak today, is with us as well. simon, thanks for joining us. she has overcome one hurdle. will she overcome more as well? smimon: she has a suspected working majority of 13 with the dup. th

will rupert murdoch's takeover plans for the pay tv giant be cleared for lift—off, or grounded?lators and the imf, but 20 years on from the asian financial crisis, did malaysia's risky strategy really pay off?

executive chairman rupert murdoch's takeover of sky.ng for british investigations after the media secretary found the $15 billion bid could give the murdock family coverage over the media. it feels like this has dragged on for years i thought they would get a go-ahead in ireland. how much of a surprise and setback was this >> we heard they might refer it to the competition market authority. basically another regulatory scrutiny period. it's going to take about six months before we finally have clarity. as you say, this has been going on for a long time it will be more than a year actually by the time we finally learn the fate of this deal. whether or not it's going to go ahead or not. >> is this really about market power, or is this about politics >> i think it's really about politics we just had an election in britain. it was pretty inconclusive the ruling party, conservative party didn't have enough seats to form a government had to do a deal with a smaller party to get a working government it's not popular at the moment in all likeli

the culture secretary has told mps she is minded to refer rupert murdoch's bid to take full control ofn authorities, because of concerns about media plurality. mr murdoch already owns 39% of the satellite broadcaster. an earlier attempt to take over sky was abandoned in the wake of the phone hacking scandal. the culture secretary, karen bradley, told the commons that the merger would increase the murdoch family's ability to influence the uk's news agenda and political process. as a result there were clear grounds to refer the deal to the competition and markets authority. on the question of whether the merger gives rise to public interest concerns in relation to media plurality, ofcom's report is unambiguous. it concludes, "the transaction raises public interest concerns "as a result of the risk of increased influence by members "of the murdoch family trust over the uk news agenda and "the political process, with its unique presence on radio, "television, in print and online. "we consider that these concerns may justify reference by the secretary "of state to the competition and market

rupert wingfield—hayes is in tokyo. ruppert, tell us what is the latest?the stock markets, could it be the end for the company? it certainly looks like the end for the company in its present form. it has been reported from several different sources that takata will file for protective bankruptcy both here injapan and in the united states sometime next week. that would pave the way for it to be taken over would pave the way for it to be ta ken over by would pave the way for it to be taken over by an american company, key safety systems,, the preferred bidderfor takata. this key safety systems,, the preferred bidder for takata. this is key safety systems,, the preferred bidderfor takata. this is the end ofa bidderfor takata. this is the end of a very long—running saga dating back to 2008 when these records began because of faulty inflator is inside takata made airbags. the recall has grown and grown and grown and, with it, potential liabilities for takata have and, with it, potential liabilities for ta kata have ballooned and, with it, potential liabilities

rupert wingfield—hayes is in tokyo. what do we know about the buyers?nt has come up with a consortium that it's put together, which is backed by japanese government backed institutions, plus an american venture capital company, and that has now been chosen by toshiba the as preferred bidderfor its memory corporation, its flash memory division. for several months, there has been a stiff bidding, edition between two american bidders and one taiwanese bidder to get hold of tashi but‘s memory chip division. but that has caused deep disquiet here injapan, but that has caused deep disquiet here in japan, particularly but that has caused deep disquiet here injapan, particularly in the government who didn't want to see this very valuable technology going to an overseas bidder. so they've put together this consortium and surprise surprise today, tashi but‘s board —— toshiba's board has gone for this. this is about pleasing the japanese government, not pleasing the shareholders. that was a very big story today in japan, so the nick a index is down, record highs f

lembit the register of political divisions report should quite a lot of suspicious stuff the off gone rupert murdoch report given to the culture secretary in the past twenty four hours very interesting again media power and of course today's queen's speech what you think of all of those paragraph eight of the queen's speech. that's important than the fact that we're not to have any paragraphs next year and the reason may's desperate effort to stay afloat she's now decided to have bought might she might as well because the queen doesn't get a visit next year because this queen's speech is going to last two years but the terrorism a does or not will probably come back that happened when you were an m.p. not once there was a longer session once or twice when just the business of iran but not for these reasons this is because she doesn't want to be pulled down next year when for all we know she'll be right into a minority government maybe lost a few byelection and with corbin and his chums biting at her feet for downing street will return to britain in a second let's go straight to the morning s

if 0fcom approves the takeover, rupert murdoch's company would assume total control of the broadcaster by european commisision competition authorities. 0pponents believe the deal would give murdoch too much power in the uk media. families of those killed at hillsborough in 1989 have supported the decision to prosecute six men including former police officers after 96 liverpool football supporters died as a result of overcrowding at the fa cup semi—final. last year new inquest concluded the fans have been unlawfully killed. the national crime agency says it's becoming increasingly concerned about violent albanian gangs which it says are exerting "considerable control" over the uk drug trafficking market. the agency says corruption among staff working at ports and airports is a "key vulnerability", making it easier for gangs to smuggle in drugs. our home affairs correspondent danny shaw has more. 0n on their way to make an arrest on a north sea ferry. earlier this year the national crime agency thwarted a huge drug smuggling operation. police. can you open the door please? it involved a

a major setback for rupert murdoch, the u.k.overnment is pushing back on the media's tycoon -- -- $20ntury fox $20 bill billion bid will undergo scrutiny. the government is concerned by the murdoch family. coming up, blue apron makes its public debut we discussed the new start up's journey. and "bloomberg technology" is livestreaming on twitter. this is bloomberg. ♪ the apron madef their public debut thursday, but stock wase a -- the literally unchanged, after the company lord is -- after the company lowered its ipo price. company gavevery it a market value of $2 billion. eric joins us from new york and still with us, david kirkpatrick. what happened? >> a good bit of this has to do with amazon/whole foods. looking at the trading today, the fact that it was acting unchanged, a closed at $10 a share with some aftermarket trade that nine dollars $.95 below the ipo price. there is a bit more convinced her -- a bit more investor concern. right now, they are sitting at a $1.9 billion market valuation. if i am an investor, i am lookin

vonnie: in the u.k., prime minister theresa may is rolling back on rupert murdoch's fox sky entertainmenttry is concerned about media plurality. h&m is forecasting at least way 5% growth in online sales this year. the clothing retailer reported increased estimates. inventories.n they plan to clear out excess by marking down prices this summer more than last summer. ofbnb is planning a new tier vacation rentals -- mansions and penthouses. the rentals will face inspection to maintain quality standards. earlier this year, airbnb acquired canada's luxury retreats. that is your latest bloomberg business flash. note,and on a programming tune in on july 4, bloomberg july 4, alix steel, carol massar, and matt miller will host live from boston's historic esplanade. i will be back in london by then. i will have to get up in the middle of the night to watch it. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. anna: i am anna edwards. we see a vote taking place in the house of commons in the u.k. this is theresa may. will they be able to get their legislative agenda over t

the government leading to the further review of rupert murdoch and the deal between walgreens and riteotential appeal and replace of obamacare remains up in the air. we will talk to the woman who helped implement the law, former health and h

a major setback for rupert murdoch, the u.k.overnment is pushing back on the media's tycoon's-- media attempts to take over. 20th century fox will undergo scrutiny. the government is concerned by the growing of the murdoch family. coming up, blue apron makes its public debut we discussed the new start up's journey. and "bloomberg technology" is livestreaming on twitter. this is bloomberg. ♪ of blue apron made its debut thursday. literally unchanged by the end of the session. this, after the company lowered its ipo price to $10 a share from an original range of $17. they had a market value of $2 billion. joins us our reporter from new york. and still with us, david kirkpatrick. alex, what happened, and how much has to do with amazon and good food -- whole foods? >> you saw that big price that happen before these shares priced at to the $10 level. looking at the trading today, the fact that it was unchanged, it closed at $10 a share with an ninemarket trade at $9.95 below the ipo price. there is a bit more investor concern. right

rupert is reporting from london this morning where in a stunning turn of events british prime ministerheresa may has

. >> brian, media mogul rupert mow gull has to wait to find out if his european footprint can get bigger mourdock's twenty first century fox is trying to buy 60% of sky in london that it doesn't already own. the process looks like it will be delayed for more regulatory skrult any it's the u.k. office of communications or offcom and the cma. offcom raised concerns about scanned dalts at fox now the attention turns to the competition folks and what the potential deal could do to the balance of power in terms of media in the u.k the question becomes could the mourdocks have too much control over the news and headlines given their ownership of other media assets like papers there as well. it's worth noting here stocks of both sky and the u.k. which are closed right now and fox here are now positive on the news sky, again, closed for trading, but the idea here is the u.k. regulators have given at least fox until mid july, july 14th, to propose more concessions to ensure editorial independence of sky. so that's the reason why perhaps some of those stocks are higher amongst other things still t

. >> rupert murdoch's attempt to land the major media was a set back 21st century fox's $15 billion takeover of sky needed to be scrutinized by competition authorities. now that could mean a delay that would force fox to pay a special dividend for failing to get the deal done on time. >>> and a new report from blue cross and blue shield shows a 65% increase in doctor prescribed opioids between 2010 and 2016 and medical claims for opioid abuse spiked 500% during that time period. >>> you're up to date. that's the cnbc news update this hour back downtown to you, carl >> sue, thank you. >>> get the european close >> all right so european stocks extending the daily losing streak to three now on track for the worst day in nine months. sectors most sensitive to higher interest rates are taking a hit on hawkish comments from central bankers. now the euro jumping you can see the highest levels of the year surpassing $1.14 that surge began tuesday when the ecb president's remarks on inflation were interpreted as opening the door to scaling back stimulus today you also got some data showing euro-zone

rupert is reporting from london this morning where in a stunning turn of events british prime minister theresa may has lost her majority in parliament. the pound is on the move. what is interesting is that it is not infecting other markets, relatively calm around the world. this is not brexit. but it is a big surprise. tell us what happened. >> big surprise indeed as you can see from that two-day chart of the pound. it fell dramatically as exit polls revealed last night that we are headed for a hung parliament and eventuality that has been confirmed this morning. nobody will get an outright majority. why is the pound fall? because it means we're headed for a weak government, whatever color it ends up being. we have a clue -- a confirmation what color that will be when we hear theresa may speak shortly. she's expected to confirm she will form another government. what happens next? well, theresa may did not quite get a majority as we said. she got around -- expected to get around 318 seats, 326 is needed for majority. crucially with the dup, that's the democratic and unionist party of no