what does this mean for rupert murdoch's considerable media interests ? s 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 af

and now, severalyears on from rupert murdoch's previous abandoned attempt to gain full control of skyg over, she says, media plurality. in other words, the level of influence the murdoch family might have in the media here if the merger was to go ahead. but ofcom said it had no concerns about broadcasting standards. what's your reaction to all of that? well, i was quite shocked, to be quite honest. you know, anyone of us who has watched not only what is broadcast on fox news, for instance, but all the shenanigans around the corporate governance of fox news, with sexual harassment allegations, have to be hugely concerned about the fact that these people are now going to take over what is a wonderful organisation in sky news. i personally have huge concerns that james murdoch will be running this company, and it will end up like another fox news. we already have huge concerns and worries about the media landscape in this country, and the idea that we get someone whose track record in corporate governance of media organisations is so appalling, and also facing yet another trial later thi

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

with these 22 million subscribers across europe, james murdoch, the son of rupert and chairman of skyously 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

there is less concern about concentration of power but essentially they are both controlled by rupert murdoching in 6—8 months for a final decision. david, thanks forjoining us. that was our media correspondent. a retired court of appealjudge, sir martin moore—bick, will be appointed to lead the public inquiry into the grenfell tower disaster. theresa may confirmed the appointment of sir martin, saying "no stone will be left unturned" by the inquiry. sir martin, who is 70, has been meeting residents of grenfell this morning. he promised "a vigorous inquiry that gets to the truth" and said he understood the "desire of local people for justice". 137 high rise buildings have now failed safety tests on cladding. the prime minister theresa may released there's also been a statement from thejudge himself, sir martin. issued on his behalf by the cabinet office. we can talk now tojoe delaney, a local resident and campaigner with the grenfell action group. thank you very much forjoining us this morning. you have been at a meeting with sir martin moore—bick, what did he say and what did you make of him

rupert murdoch is hugely controversial and divisive and it is being returned to the competition regulatorl 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 united states and in central canada. some of these will continue to break out as they had further eastwards. on the satellite picture you can see these huge thunderstorms are affecting central canada and the great lakes. on friday they will erupt once again and push slowly eastwards. they will affect the eastern states and canada later on in the week. meanwhile in the west there is that dry air and that very high wildfire risk. that line of thunderstorms continues to work its way closer to the eastern seaboard as we head through to saturday, bringing the threat of flash flooding and possibly tornadoes. in south as yet the south—west monsoon has got its act together and it has been pushing into the north—west corner of india and into the south east pakistan. the bright co

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

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

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

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

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

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

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.

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?

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

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

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 star and

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

spoken out pretty vocally in terms of their opposition to the deal because of the power it gives rupert murdoch gives members of his family. >> matt, what makes it such an attractive asset for the murdochs >> highly cash generative. it would certainly boost the bottom line of 21st century fox. there's a lot of synergy there it's the leading pay tv company in europe. frankly, it's also technologically at least streets ahead of most of the pay tv companies here, the cable and satellite companies we have here there's a lot fox could learn from all of sky in terms of user interface, in terms of customer management, customer retention, those sorts of things. when you look at what's going on in the u.s. in terms of cord cutting and getting direct to consumers in the way that media companies are now trying to do >> we'll see if they do end up being able to make this acquisition happen matt, thank you. >> thank you. >>> now, one of the republican parties' main goals is to cut taxes. now it may not be repealed we'll have the details right after this [vo] when it comes to investing, looking from a fresh

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

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

. >> 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

if we wind back a few years, rupert murdoch's company bid for full control of sky in 2010—2011.hey own 39%, so this is about getting up to 100% and what the culture secretary did before the election, she referred it to ofcom, the regulator. one was media plaourlality. and another was about commitment to broadcasting standards and there is the whole issue of whether or not the murdochs are fit and proper people to own the licence. what happened today is that ofcom have concluded their reports. they have submit it had to karen brady and she said let us know by next thursday what she is minded to do. she has an option to delay this further, putting it into phase two of the regulatory test with the competition and markets authority. people think it is likely to go through. but, it is too early and given the news agen darks i wouldn't wa nt to given the news agen darks i wouldn't want to be the first person to say! the murdochs have their critics, shall we say, there are a lot of people who will say that this is, if it does get the go—ahead, it will be a political decision to allow t

rupert murdoch has pursued control of the sky and has now learned he will have to keep waiting.her scrutiny of 20th century fox's offer for sky. controls the times and the sun newspapers. japan buyers are heading back to the market with what may be a bargaining chip. tokyo was the freedom to resell gas when they have more supply they needed. mayfree trade commission violate antitrust law. oh. up next we are looking head to china's manufacturing area economic growth may have already peaked. 8:30 in the city of hong kong. we prepare the 20th anniversary of the handover to china area >> in new york, you are watching daybreak asia. let's get to the first world news. president xi jinping is offering a soft touch on his first day in hong kong during carefully managed events. he says that the city is in his heart and the government will support the development. ties and hed closer is unlikely to meet any critics face-to-face. protesters are cap behind police lines. while the white house has defended the tweet criticizing a television host and made widespread criticism including from la

rupert murdoch, the wall street journal, and sinclair broadcast. my point is this is a difficult thing, but the problem in the legislation -- i think there's consensus on the things david said, but it goes to the question of the residual power of government in a ill-defined and changing world. that is a hard canyon to get over. randolph: less than a minute. >> i agree with layer -- blair. my biggest pushback is net neutrality is not the only issue where congress would legislate and an administrative agency would be -- responsible for enforcing. legislation and regulation has worked in this country for 100 years is congress does the best it can to , and if something needs to be fixed, you go back to congress. that's what we are doing now. i've never heard of a catchall that basically gives the regulating agency the authority to override what congress has legislated under the guise of future proofing to statutory standards. we've got 100-year-old system of legislate, regulate, and when you need to fix it, come back to congress. that's all that i'm ad

tom watson is suggesting it's been suggested to him, that rupert murdoch was the man who has been lobbyingg who is on britain's got talent. we think this is part of the course for tom. you're back on the front bench at a time when your party is in perhaps the worst trouble we have seen the conservatives in for some time. the worst trouble we have seen the conservatives in for some timelj think it's important to get the general election in context. the conservatives got 40% or more of the vote. but... just a second. you say that but your leader called an early general election specifically because she wanted an increased mandate to organise brexit talks. she did not get that.|j mandate to organise brexit talks. she did not get that. i was trying to give a balanced approach but you wa nted to give a balanced approach but you wanted to jump to give a balanced approach but you wanted tojump in there. the to give a balanced approach but you wanted to jump in there. the second point is, we underestimated some of the reasons behind labour support and it's important that we do two things. one, tha

let me tell you who else's view might change, rupert murdoch and sinclair broadcast. so my point is that this is actually, i think, a difficult thing, but the problem in the legislation doesn't go to the four things that i think david said. i think there's consensus on it. it really goes to this question of what's the residual power of government in a very ill defined changing world and i think that's a hard canyon to get over. >> i can promise less than a minute. >> okay, go. >> obviously a agree with blair that that's where the rub is. and my biggest pushback to that is that net neutrality is not the only issue where congress would legislate and administrative agency be responsible for enforcing. and the way the legislative procedure act, the way legislation and regulation has worked in this country for 100 years is congress does the best it can to legislate the administering agencies the best it can to regulate, and if something needs to be fixed, you go back to congress. that's what we're doing now. i've never heard of a catch-all that basically gives the regulati

. >>> and rupert murdoch's takeover of sky to a long investigation after finding the $15 billion deala mogul too much power over the news agenda regulatorshave given fox until july 15th to propose new concessions that would allow the deal to go through. >>> and police near dallasspen the morning clearing a fiery interstate crash which included catching loose pigs on the highway. a semitruck carrying a load of pigs flipped over and burst into flames the driver was okay. i'm not so sure about the future of the pigs, however that is the news update at this hour ty, back to you. >> i was just thinking that ways -- they don't have an icon for that >> no, they don't. they will soon now that you suggested it >> pigs on the road ahead. >> major or minor? >> that's just hog wild. sue, thank you. >>> markets are around session lows as we watch the bigger selloffs in recent months. the dow and s&p leading the way. nasdaq up more than 2% right now. a little bit more. s&p falling below the 50-day moving average and now negative for the month of june. let's check back in with bob pisani only the fi

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