i'm steve sedgwick >>> an early concession from britain as brexit negotiations kick off with london agreeing to brusse brussels' demands on sequences of talks mark carney says the central bank will be ready to respond whatever the outcome of the talks. >> whatever happens, monetary p policy will be set to return inflation to target while supporting as best it can the adjustments in the economy >> the head of the european stability mechanism says britain will suffer the brunt of economic pain at the end of the negotiations >> i regret brexit, politically also it weakens the eu, but economically there's no comparison when you look at the trade flows and what happened to london i think the economic cost is mainly on the uk. >>> orange turning sour on bt announcing it could more than halve its stake in the british rival and raise over $1 billion through the sale >>> and the uk serious fraud office charges barclays over emergency fund-raising from qatari fund raisers in 2008 after a five-year investigation into the bank's dealings with the country at the height of the financial crisis >>> as i sa

i'm steve sedgwick, these are your headlines >>> it's a good start says angela merkel of theresa may's plan to guarantee the rights for eu citizens living in britain, if the favor is returned by the continent. but jean-claude juncker doesn't seem so convinced. >> i want to reassure all those eu citizens in the uk who made their lives and homes in the uk that no one will have to leave we won't be seeing families split apart. this is a fair and serious offer. >> has theresa may stepped in the right direction? >> it's a step but the step is not sufficient >>> the irish government hailes the success of aib's ipo as a milestone, after the bank raises 3 billion euros spurring a rally across the sector. >>> china's csi index closes up over 3% despite the jitters around wanda and fosun amid reports china's regulator warned of their systemic risk >>> it's a clean bill of health for america's banks. all major lenders passing the federal reserve's latest stress test raising the prospect of a pick up in payouts to shareholders >>> fabulous to see you this friday we have a tired looking european eq

i'm steve sedgwick, these are your headlines >>> european stocks trading cautiously higher as investors look for answers to the 4$4.5 trillion question, whether the fed will start providing details on the great unwind of its balance sheet. >>> hex cagon shares hit a recod high after reports the i.t. company may be sold to rivals for 20 billion u.s. dollars. >>> an appalling and detestable liar that's what the u.s. attorney general jeff sessions denies allegations he colluded with russia in a heated exchange with lawmakers on capitol hill. >> i recused myself from any investigation into the campaign for president, but i did not recuse myself from defending my honor against scurlous allegations. >>> the london fire brigade confirms a number of people have died in the massive blaze that has engulfed a large tower block in the western part of the city. dozens are injured the cause is unknown >> in my 29 years of being a firefighter i've never seen anything of this scale i'm very sad to confirm that there have been a number of fatalities >>> good to see you this morning. i'll start with the

. >> steve sedgwick, thank you. >>> ahead, another reason to watch where you're going instead of walkingnd texting. plus, this might just be the cutest kitchen helper ever recorded. we'll be right back. and one ofp all the sunscreen! i wonder who... . we're gonna need some reinforcements...quick. copy that. walgreens makes it easy when summer needs a little help. your summer base camp is just around the corner so you can get in, out and back to those summer shenanigans. walgreens. at the corner of happy & healthy®. this week, buy two and get a third free on sun and skin care. we can'twhy?y here! terrible toilet paper! i'll never get clean! way ahead of you. (avo) charmin ultra strong. it cleans better. it's four times stronger and you can use less. enjoy the go with charmin. one laugh, and hello so i tried always discreet. i didn't think protection this thin could work. but the super absorbent core turns liquid to gel. snap! so it's out of sight... ...and out of mind. always discreet. for bladder leaks. >>> fast forward to friday tom cruise is back in theaters in "the mummy." and preside

thank you very much for that >>> earlier steve sedgwick asked an influential investor if he was changingtegy given the election result. >> uk generally will become very cheap. from an investment point of view, hold back a bit, but at some point step in and buy >> you're talking about britain in the '70s, all the instability there. bins not being collected raging pacts, that's comparison to the '70s >> there are a lot of similarities in '74, you had a coalition government that didn't last long, you had a second election which labour won he got that message of hope across as opposed to may who focused on detail and knit picking. the public rejected that unfortunately she may well ribet right about the money tree you look at macron in france socialist country with a very, very right-wing agenda firing 120,000 civil servants 60 billion of cuts yet he's had a landslide victory. it shows what people want is something to believe in. >> do you think we are going to get cohesive government in the united kingdom given the fact that no one party will be able to really get a big majority even if we

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i'm steve sedgwick a sea of red at the european equity open.sources stocks leading the losses, whilst oil prices turn low once again. >>> the federal reserve moving to normalize, hiking rates for the second time this year and unveiling plans to trim its balance sheet despite another soft reading on inflation. >> we do have the strengthening economy with policy accommodative all that we're doing in raising rates is moving -- removing a bit of accommodation heading towards a neutral pace >> china sees foreign direct investments falling for a second straight month this as questions survive the insurance giant anbang challenge abilities to attract funds from abroad. >>> and u.s. special council robert mueller reportedly opens an investigation into whether president trump attempted to obstruct justice >>> we've had weak wage growth data yesterday, strong inflation figures the previous day what does that mean for retail sales? not good uk consumer is not spending money. maybe it's good. maybe you're saving. retail sales down 1.2% month on month in ma

i'm steve sedgwick these are your headlines >>> brent crude dipping below $45 a barrel for the first time this year, dragging on european energy stocks. >>> the healthcare sector moving the opposite direction as a surprise outcome of a heart drug that gives novartis a shot in the arm >>> and altice raising almost $2 billion in its ipo, making it the second largest american offering after snap of the year. >>> and rare good news for the uk prime minister theresa may as she prepares to meet with eu counterparts northern ireland's dup says there is a good chance of a deal with the conservatives happening by next week >> huge moves afoot in saudi arabia president trump called the new crown prince, mohammed bin salman to offer his congratulations. they talked security and economics on the phone yesterday. the uk prime minister, theresa may, has also welcomed the appointment. prince mohammed is first in line to succeed his father, king salman, he replaces mohammed bin m nayef. prince mohammed also becomes deputy prime minister. he will oversee much of saudi arabia's energy strategy, which