the u.k. deflation dilemma. the data is coming out a little bit later. we have some great guests coming up for you. senduest who says we will over that goes negative before the end of the year. what impact will that have on the outlook. have they underestimated the inflation slowdown. we will talk about that we come back. caroline:. here are the stories in need to know this morning. shockwaves spreading from the dirty bomb blast in bangkok. tourisme the time council says it has re: seen cancellations. at least 20 people were killed during the blast and rush-hour yesterday. caroline: in a letter to parliament, looking schaeuble asked -- wolfgang schaeuble asked lawmakers to back. despite the lack of commitment from the international monetary fund. german parliament will vote on the bill on wednesday. guy: this is the first time in three years this has been achieved. the company halted arctic drilling in 2012 after the obama administration was prompted to revisit u.s. rules for activity in the r

they say it is easier to find work in the u.k. than in france. the u.k.has offered france help with security but says all of europe should help find a solution. local officials in calais totally disagree. >> translator: this is totally a british problem. everyone in europe sees it as their problem. they can't keep sending security to france as if calais is a suburb of the u.k. we're not england and we never will be. >> >> reporter: the fence is being repaired again. it has been cut prepared to risk their lives for a life in britain. aukmed says he will do the same. charles stratford, al jazeera, calais. >>> the corruption case against south african opposition leader has been thrown out of court. he already has a hate speech conviction and he was facing charges of racketeering fraud, corruption, and money laundering. >> the judge said i'm free and south africa should know from said that i'm free. and on thursday i will be in parliament summa will know us better because we are free. free to execute any responsibility given us to by our people. there are no

and u.k. central banks. from economic growth perspective, do think the u.k. you s economy could be hit i this move in china? -- could be hit by this move in china? >> the main index would be luxury goods or car manufacturers. those sort of one's. interesting the u.s. earning currency has been the .iggest one in these updates it is more as a translation affect. when you look at what is happening at the moment, you try to step back and take a rational view of it all. is it the oil market? very low energy prices we are seeing at the moment. when you look at the top 10 list of things, what are you working through? what stands out? .> emerging markets the state owned enterprises. i think we will find a number of hours i think we will see real problems. guy: we're back at levels last .een the back end of the 90's are we there again? >> i think it ready looks pretty tough now. maneuver left. they are countries that are closely tied to the business you'd i think we will see a problem in emerging markets. caroline: what about china? we have a columnist who is quite bu

by committing the u.k. and france to a thorough security program in calais and southern england, combined with the continued, unprecedented french police presence in the region. this will include further security desk physical security improvements in and around the tunnel and wider poor areas -- this will include further security improvements in and around the tunnel and wider port areas. the situation we are facing in calais is the result of a global migration challenge and that is why our two countries will continue to work closely together to make sure the rest of the european union and the transit through which migrants are coming are also playing their part in solving this problem. we must also relentlessly pursue and disrupt the calais criminal gangs that facilitate -- callous criminal gangs that facilitate and profit from the trafficking of people, often with disregard for their lives. today, we commit to even greater cooperation to combat this organized criminality. we have formalized arrangements

let's continue our discussion around tech but focus on the u.k. the u.k.fostered more tech start ups than any other country in europe but even the u.k. still lags behind the usa when it comes to producing blockbuster tech companies. let's bring in the president of tech u.s. joining us here in studio. a pleasure to have you on the show. it's clear that u.k. created a lot of successful start ups. specifically in the thin tech space but what will it take for the u.k. to rival the big companies in silicon valley? >> the technology economy is key to the economic environment in the u.k. it's probably worth about 100 billion pounds to the u.k. economy today and i think what we're going to need is to create the conditions for change so a great talent pool that extends into the diverse areas. let's think about women in tech. we're cutting out 50% of the work force by not inviting them into that economy and also connecting cities outside of london. we have a great business. if you look at the number of workers in london, it's actually more than san francisco and new

he's determined to make it to the u.k. >> we want asigh recommend in the u.k. to make our life easily, to bring our family. if the situation is good, for example, if the situation is better. so we are learned to go back to our country. >> many people seem to be genuine asylum seekers and conflict. the reason why they want to live in the u.k., they want to be in an english language speaking country. britain and france are criticized for not doing enough. >> so the u.k. needs to look closely at who wants to ask for asylum. take those people, if they don't fit the bill, send them back to wherever. i don't know. make a decision. and france needs to do the same thing. if today you decide to ask for asylum in france because you are tired of trying and not sidewalk seeding, the first appointment is in november. >> there are many people wanting a better job, a better life in the u.k. so called economic migrants. it's easy to find work in the u.k. than in france. the u.k. government offered france help. but all europe should help find a solution. local officials disagre

. >> we want asylum in u.k.o make our life easily to bring our family and if the situation is good for example if the situation is bitter so we are wanting to go back to our country. >> reporter: many of the people living in this camp seem to be genuine asylum seekers fleeing persecution and conflict in their prospective countries and the reason they want to live in the u.k. is they want to be in an english language speaking country where getting refugee status is either than britain and france because they are accused of not addressing real asylum claims. >> the u.k. needs to look closely at who wants to ask for asylum and we take those people in england, look at their request, if they don't fit the bill then, yes, send them back to wherever i don't know make a decision and france needs to do the same thing. if today you decide to ask for asylum in france because you are tired of trying and not succeeding to go to the u.k. your first appointment for your asylum request is in november. >> of course there are man

he's determined to make it to the u.k. >> we want to go to the u.k. to make our life easily, to bring our family. if the situation is good, for example, if the situation is better, so we are want to go back to our country. >> many of the people living in this camp are genuine asigh lem speakers. they say the reason why they want to live in the u.k., they want to be in an english language country. britain and france are criticized for not doing enough to address real asylum claims. >> the u.k. need to look closely at to whatnots to ask for asigh recommend. take those people in england. look at their request. if they don't fit the bell, send them back to wherever. i don't know. and france needs to do the same thing. if today you decide to ask for asylum, your first appointment to register your asylum request is in november. >> of course, there are him wanting a better job. they say it's easy to find work in the u.k. than france. the u.k. has offered france to help. local officials totally disagree. >> translator: this is totally a british problem. what

we don't have that in the u.k. it is a major gap in the u.k. financing system.hing that we really need to deal with. we did set up a business bank in the u.k. it is very small scale it isn't able to reach out. the germans put 60 billion euros into their economy in one year alone. jonathan: this is about the supply of credit, not the price of credit. the price of credit has dominated the debate over the last couple months. you and i spoke last time and i promised we would get the opportunity to talk about firms that are still in business because financing is so cheap. do you lend much weight to that argument? >> there will be businesses in business that ought not to be. i think it is a bit of a red herring. the businesses i see around the country, the ones we survey, tell us they are able to grow. they've kept their work or's is together -- workforces together through the recession. they are ready to go but haven't got the capital. we have businesses who are turning down orders from overseas because they are afraid they will go bust. it is always in the upturn or

manus: u.k.ises to .1% ahead of expectations of that big fat zero, the pound is surging on the news. good morning to our viewers in europe. good evening to those in asia. a warm welcome to those waking up in the united states. i'm manus cranny. francine: i'm francine lacqua. this is "the pulse" live from our european headquarters in london. manus: first, china. stocks have slumped by their highest level in three weeks following concerns that the government will pare back efforts to prop up the equity market. francine: after a drop in interest rey rates and the removal of property -- let's find out more. are the stock losses relateded to the higher house price and are we seeing an end to the property slump? >> well, we certainly had a drop in china today. i think the key to watch going forward will be whether house prices pick up in the tier three and tier four cities. the signs came after the stock market crash in june. it is an indication that perhaps consumer confidence and household confidence

they say it's easier to find work in the u.k. than france. the u.k.overnment has offered france for more security. local officials in calais totally disagree. >> translator: this is totally a british problem. .everyone in europe sees it as their problem. they can't keep sending security to france as if calais is a superb of the u.k. we're not england and we never will be. >> reporter: near the tunnel entrance the fence is being being -- repaired again. aukmed says he will keep trying. >>> the migrants in calais come from a variety of countries, and their future can depend on where they are from according to the british home office artreeian nationals submit the highest number of applications. 3500 sought protection in the u.k. 85% of those were granted. only 22% of pakistanis were granted asylum. more than 2200 syrians applied asylum the same year. joining us is the director of the refugee pro see you again. it's hard to believe there is this refugee camp in calais and this has been going on for a while. >> yes it has been going on for sometime but it

the impact in the u.k. with fans just arriving here would be one billion pounds for the u.k.s the third largest sporting event in the world. it is almost not connect -- neck soccer worldh the cup. it is only olympics that is behind. i know the u.k. is a sports crazy country. people the length and breadth of this island are going to get behind this. it is not just about the stadium. so, people that are not looking to have a ticket for the game, they will have the opportunity to meet fans from all over the world, all over the world that will be here. hopefully have a nice cold glass of heineken and see their team winning. mark: how do you choose your sport? you have been associated with the world cup since 1995, european club rugby. how do you choose which sport to associate your brand with? david: the first thing is having a presence in sport is critical. givenbrand like heineken, its global reach, platforms that have a global reach our important. that is why champions league is watched all over the world and it is important. was foreken cup it many years. watched all over the

most of our labor is u.k. domicile and the immigration is not as impactful. guy: why can't the u.k.s? what would your answer to that be? david: we can and we have seen through the planning system a greater release of land. we are seeing 200,000 commissions per annum and that gives us confidence the supply of land is coming through to meet in the medium-term the required number of houses to be built. there are people in our industry who have the capital to invest and the opportunity and the ambition to grow. we are one of those businesses. we will ultimately be able to build more houses each year. caroline: how much do you factor in geopolitical and the factors happening around the globe? concerns about china, concerns about the emerging markets. do you ever feel the repercussions -- aware andare always cautious about what is going on outside of the u.k. the vast majority of our people are u.k. domicile. the vast majority of our materials come from u.k. businesses. we are a very domestic business. this, what itf does not stop us building houses on a daily basis. guy: nice to see you,

they say it is easier to find work in u.k. than france. the u.k.nment has offered france help with security but says all of europe should help find a solution. local officials in calais totally disagree. >> translator: this is totally a british problem. what they don't understand is that everyone in europe sees it as their problem. they can't keep sending security to france as many calais is a suburb of the u.k. we're not england and we never will be. >> reporter: the fence is being repaired once again. it had been cut by men prepared to grab on to a pulsing train, prepared to risk their lives for a life in britain. akmed says he will do the same. >>> lawrence lee is on the other side of the english channel. lawrence we're hearing the story of akmed there, if he takes it to london he is not going to find a welcome greeting is he? >> reporter: no he isn't. you could walk around here all day and not see a single refugee, and yet at the same time it is impossible to overstate exactly how much hostility there is in places like this. why can't you find

u.k. to make our life eas easily, tof the situation is good for example if the situation is better. so we are want to go back to our country. >> many of the people living in this camp seem to be genuine asylum seekers fleeing political persecution and conflict in their respective countries. they say the reason they want to be in the u.k. is they want to be in an english language speaking country, to get refugee status it's easier than in france. >> the u.k. needs to look closely who it wants to take for asylum. if they don't fill the bill send them back to wherever, i don't know, make the decisions. and france need to do the same thing. if today you decide to ask for asylum in france because you are tired of trying not succeeding to go to u.k, your first appointment to register your asylum request is in philosophy! >> there are many people here wanting a better life, better world here in u.k. they say it's easier to find work in the u.c. that be in france. u.k. government has helped with s

we see good demand right across the care -- across the u.k. andave 26 around the u.k.are all operating very efficiently. i wouldn't single anywhere at the moment. i think we see a good demand right across the country. guy: how much of that first time buyer demand is driven, helped by incentives to get this space moving? if it were to be removed, what would that do to the market? >> i think the positive thing is that the lenders are responding. we are seeing better rates available on the higher loan-to-value mortgages. towould certainly help support those first-time buyers gap iners to bridge that terms of the deposit that is required, to actually access the interest rates -- but you can of pretty good availability high loan-to-value mortgages, 3%, 4%. it is certainly the product of choice at the moment. mark: guy is here and i have just discovered something fascinating about guy. guy: it is not a secret. mark: tell our viewers. guy: i used to work on the building site. look, these numbers were good. the problem is are they good enough to generate the upgrade cycle? par

and the u.k. if anything they'll step up the bond buying program and money supply growth in the euro zone remains robust. we saw that yesterday in the data release from the ecb. by later this year, the broad measure will be growing 10% year to year. >> lending to euro zone households. is that a vote of confidence to the central bank? does that tell us that qe is working? >> better than it did in the u. kuch k. for example. in terms of the euro zone it's more about promoting recovery and we can see more evidence of qe working through the monetary data in the euro zone than we saw in the u.k. u.k. was different. that was back in 2009. the situation now is that the ecb is giving recovery more of a chance but what they also need is a weaker euro and the euro isn't weakening at the moment and that will welcome an issue for them and they may try to talk down the currency in some way. >> greek crisis has receded from the euro headline. refreshing fror us journalists. but we have an election. could that w

is not so much because they want to go to the u.k. but they wouldn't be doing that--they wouldn't be risking another dangerous journey if they were able to obtain asylum in france. >> thank you. we're out of time on this one. >>> u.s. president barack obama is tackling another strategy to tackle climate change. >> the american west is burning. plenty of wildfires have scorched large swaths of california forcing hundreds to flee for their lives. in alaska forest fires have devoured 2 million-hectares. large parts of canada are engulf engulfed in wildfires as well. years of drought have left areas tinder dry and led to emergency conserve water orders in several states. against this backdrop u.s. president barack obama is unveiling a sweeping new energy policy that would sharply cut greenhouse gas emissions linked to global warming. obama spoke about the need to take action in a memo to the american people posted on facebook. >> climate change is not a problem for another generation, not any more. that's why on monday my administration w

saying for these people they are so desperate to make it to the u.k.t obviously health is not a big priority. you are seeing cuts on hands, broken limbs. we spoke to a group of men from darfur darfur who was saying that they believe around 30 to 40 men and women make it across each week. i said how -- how can you confirm that? and they say, because sometimes you'll hear it within the camp you'll hear celebrations among the people in the camp. some people will get calls from migrants that were here on u.k. numbers. the situation in the meantime in the camp remains pretty desperate. it's summertime here we have had good weather, but there's very poor sanitation and hygiene, we witnessed a bit of a scrum for a good handout earlier today. the police are telling us that they have been under increasing pressure in recent weeks. they welcomed this call by the british government to support them. and they have also said that the arrival of around 120 extra policemen here in calais have certainly helped. we have seen certainly a lot more visible security in the

in may that the u.k. rejected germany and australia said yes to it, a court decision based on the size of the economy, the size of individual countries, taking in 20,000 people that dispersed across the eu but certainly the u.k. enough is proposing boosting security here with france, putting in as we heard in simon's report there more secure private security firms here operating on the entrance to the tunnel from this side, infrared security systems and greater also cctv abilities to be able to track and stop people trying to get through. you speak to people here and no matter the kind of efforts that are being made by the u.k. and france to physically stop people crossing this is a nightly attempt, a nightly affair, and certainly we expect more people to try and cross even this evening, people that we've spoken to today say yes they're going to give it another go tonight. >> we'll wait and see how that transpires. thanks so much, charles stratford. >> plenty more to come here on al jazeera. it's describe

so called economic migrants and say it's easy to find work in the u.k. than in france. the u.k.ernment offered france help with security but says all europe should help find a solution and local officials in cali totally disagree. >> translator: this is totally a british problem. what they don't understand is everyone in europe sees it as their problem and cannot keep sending security to france as if it's a suburb of the u.k. we are not england and never will be. >> reporter: at tunnel entrance the fence is being repaired again and it was cut by a man prepared to grab a train prepared to risk their lives for a life in britain. this man says he will do the same. charles stratford, al jazeera, cali. >>> government forces in sudan accused of committing war crimes in the south. amnesty international says civilians are being killed in air and ground attacks and human rights says cluster bombs being used during attacks on schools and hospitals and they are being deliberately targeted. and we have amnesty of south sudan and sudan campaign and says it's almost impossible to get humanita

they say it's easy to find work in the u.k. than in france. the u.k.nment offered france help with security, but all europe should help find a solution. local officials totally disagree disagree. >> translator: this is totally a british problem. what they don't understand is everyone in europe sees it as their problem. they can't keep sending security to france. we are not england we never will be. >> reporter: the fence is being repaired yet again. it had been cut by men trying to grab on to a passing train prepared to risk their lives for a life in britain. >>> kosovo plans to set up a special court to prosecute people accused of war crimes. kosovo's parliament voted in favor of changing the constitution to establish the court. >>> an activist in burundi has been killed. he had been an outspoken critic of the president. he opposed the decision to run for a third term. >>> the corruption trial for south african opposition leader is set to resume on tuesday. that's a day after it was adjourned. he faces charges of racketeering. they are accused of lyin

the u.k.ffice of national statistics published it second estimates for gdp at 9:30 london time. insight into exactly where everyone spends their money. meanwhile, new data from gsk indicates consumer confidence matched a 15 year high this month. now the federal reserve bank of kansas city began his annual policy in jackson hole, wyoming. it's get to brendan for an update on the issues that are looming at this year's conference. brendan: the question this year, will the fed raise the fund rate in september? it is consistently said it is date-dependent. when i keep hearing people say, what data? one piece of data is volatility, what we have seen over the markets. we talked to esther george. this is what she said about paying attention to the markets. esther: we should expect volatility from time to time. we are in a. of some uncertainty. questions about china, global growth. i think we should expect some volatility. what it means for monetary policy, i think it is not yet clear. it is a convocat

in the u.k., an opinion piece exposes what it calls a political hypocrisy on the u.k. side. prime ministers across the u.k. not only david cameron but tony blair, say they welcome refugees but david cameron doesn't even bother to attend that britain is a century anymore. it reminds us of that refugees want to come to britain because of the low-wage and, unlike france, the british people don't have id cards, which makes it a lot easier for illegal immigrants to work. it reminds us as well that britain has taken just a few hundred of the 4 million displaced syrians that are trying to find work around europe. the channel will become the berlin wall where innocent people die trying to cross. the guardian goes on to show from invoking language used by cameron last week to describe migrants. he called them a swarm. this is the new political lexicon. sx sx4xc - hello, i'm john cleese. now, have you ever wondered what makes sacred art really sacred? i mean, does the so-called creative spirit lie within the artist, or is it something channeled through the artist that comes from some

u.k. time. let's get an update on how asia has been trading before the jobs report. let's get out to david ingles in hong kong. david, it has not been a great week if you are looking across the border. david: it certainly has not. we were poised for a weekly decline -- the third weekly decline. nothing is really happening -- we are seeing equities trade down, yields next. kiwiapanese yen, the dollar, all these currencies across southeast asia, absolutely nothing is happening. we are basically flat across the board. a holding pattern ahead of the jobs report. that comes out later on tonight. though, thatid, will may determine what happens for the rest of august into september. a lot of the emerging markets here -- malaysia, for example, the philippines and thailand -- have a lot of these financial markets, expectations that they will get a better rate hike. the data points are very important. i want to mention that we are is comingout -- boj out with their latest policy directions -- no big

now the u.k.ys it is a good time to sell off some of its holdings in the royal bank of scotland. stay with us. ♪ guy: it is 7:44 and london and 8:44 and frank for and paris. anna: you can do that math. here are the stories you need to know this morning. the first person to stand trial for manipulate libel has been sentenced to four years in prison after being found guilty of conspiracy to rig the benchmark rates. jurors unanimously found he engaged with brokers. his sentence is among the longest for financial crime in the u.k.. guy: the government here has raised 2.1 billion pounds for selling some banks of scotland shares. the sale of a 5% stake in money majors -- money managers cutting the taxpayers holding system he 3%. anna: u.s. federal prosecutors are investing in trade made by deutsche bank as recently as this year or in that is according to people with knowledge. it is suggested that the justice department's probe focuses on mirror trade which may have allows them to move currency without

the u.k. has pledged tens of millions to help stop the flow, but also charles stratford reports, that means many migrants will have to stay in camps with equal lid living conditions. >> now the area is if you like segmented into various sections according to the nationalities of the people that are living here. to my left at the back there there is a section of sudanese. behind me directly is more of a an afghan contingent. to my right is a vast area, which is a lot of eritreans and ethiopians living there. their conditions are utterly atrocious. these measures that are announced by the u.k. and france that seem to be focusing on security there's a lot of questions asked by these people as to exactly whether their needs are really being addressed. there's also a lot of figures being banded around, as well. we spoke to a police representative this morning that said that last night there were 600 attempts by migrants to get access to the tunnel, but he was keen to stress these aren't 600 individ

on u.k.conomy is dependent capital inflow. ,e have a break in referendum whether it happens next year or the year after that could court volatility. he has been worried about a rise in sterling and the impact on inflation. however, sterling is vulnerable and longer terms. francine: what is your favorite trade? when you look at yields, treasuries, guilds. if there's one thing, what is it? anthony: it is a non-consensus call. --valuations are too low however, i think the parity trading, euro-dollar, is something very interesting to look at. francine: think you so much for joining us. -- thank you so much for joining us. here's a look at what else is on our radar. kick off stock index, showcasing japan's best companies after a $1.2 billion -- managers overstated profits. shira is being removed from the nikkei index. the bank of japan has held off from monetary stimulus as kuroda from its softerge patch and inflation picks up. the central bank increases the that's $640e, million. german industria

europe's crisis has reached the u.k. shores and its politicians are beginning to feel its effects. >>> u.s. secretary of state john kerry is in cairo for security talks with egyptian leaders. they are expected to discuss the growing threat from rebels r terry will try to ease egypt's concerns over the deal with iran, and then traveling to qatar for further talks. >>> an egyptian court is expected to deliver its verdict in the retrial of three al jazeera journalists. they were convict in june last year of supporting the banned muslim brotherhood. they were free on bail after more than 400 days in prison. all three deny the charges as does al jazeera. >>> activists began a 40 day march from america's deep south to washington d.c. to highlight racial inequality. the journey for justice began in selma, alabama, the scene on a crack down on protesters 50 years ago. from selma, the march will continue 1200 kilometers through the states of georgia, south and north carolina, as well as virginia. it ends in a rally in washington

robert, member of the u.k. of lords and professor, thank you so much for the fascinating conversation. scartlet: we will be right back. ♪ scarlet: retail sales are due out tomorrow. cost-cutting and profits missing estimates at macy's. that is because of discounted. people really need to be spending in order to get us the growth that enables the fed to move ahead. joe: and initial jobless claims. this number has been low. virtually nobody is getting laid off in this economy. it would be amazing to see how long the streak can continue. scartlet: that is all for "what'd you miss." joe: have a great afternoon. ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin with a conversation about technology. google and us yesterday he would reorganize as a holding company, the purpose of the new structure is to increase management dale and focus on its consolidated businesses. search, youtube, droid, and other internet products will be run by [indiscernible] will become the ceo of google incorp

how to create more investment in the u.k., more jobs in the u.k. and ana: let's explore that.i remember speaking to the bcc around the time of the last budget. they reiterated the british chamber of commerce this message, the way to get better if the structure development. that nimby-ism drops away. is this because we are better compensating people like arguably the french do? or because attitudes have changed? nigel: attitudes have changed confidence is changing. the message that devolution is going to happen is happening across the economy. bristol, cardiff, all stepping up. trying to do the right thing for the people who live in those towns. create real jobs for them. interest rates have never been so low. they might go up 25 basis points in september, but they will be very low for a long time. it is a great time to invest. anna: one of the things you have been saying, speaking favorably about the government. they introduced changes to the pension agenda. what was it, more than a year ago? how is that working? how does that affect your business? nigel: we hurried in a littl

for: what you are looking is the u.k.conomy looking at the domestic pitch more than international pitch will stop these are very heavily geared towards commodity markets and international pressure, but the should not be ticking that up and translating that back across the globe. better to have local jobs and improved services, that has to do with the things the central bank are watching. sure, they keep an eye on china and will be mindful about what the fed to do. but this will be a domestically driven decision. jonathan: thank you very much for joining us. after the break, we break down the big story -- it's china. ♪ >> weak exports were part of the reason, but i don't think it is the only reason. i think that is important because for right or wrong, china really wants to get this into the basket by this review. they removed a technical obstacle. i'm sure that was one of the factors. >> they claim it is a one-off, i doubt it. it is not a coincidence this was taken on the heels of sharply declining export. >> china has a

however food prices rose in the u.k.or the first time in seven months. >> weather is often blamed by weak earnings or a sluggish economy. a new report from the weather channel says severe or extreme weather has less impact on retail sales than long periods of bad weather. great to have you on the show. in the u.s. we're used to very extreme weather and snow and that impacts gdp and spending in a big way. here in the u.k. we have more moderate weather. is the sensitivity in retail sales equally moderate? >> so the extreme weather that we experience sometimes in the u.k. snow or extreme highs, the weather we have in july that will grab the headlines and that will be social feeds and et cetera but where the difference period happens, where we have increase or decrease over a longer period of time and that's where we have a big impact. we saw that last autumn when we had an indian summer which is only about 1 degree higher than average, we saw the clothing retail sales lost about 700 million pounds of sales over that period.

attempts have been made to attempt the u.k. by the euro tunnel this week. >> they came, a resident group campaign forgive better treatment of migrants trying to reach the u.k. they say politicians have to do more to save migrant lives. in particular the lives of those trying to get through the travel tunnel by clinging to cars and trucks. nine have died since june. >> there are a lot of people who feel the way i do which is migration is a force for good and we need to treat our fellow human beings with respect. >> there needs to be an european initiative. that sets up properly managed refugee camps where they can be properlied cared for and properly processed rather than less to live like animals in the jungle. >> a few yards away protesters with an all together different view written first and opposed to immigration of any kind. noisy and with the usual symbols of english nationalism, but with an argument that resonates with some. >> we've got enough here at the moment. our country is on its knees. we need to concentrate on ou

francine: u.k.ent rose in the second quarter while total wage growth fell suggesting a possible slowdown in the labor market recovering. he jobless rate held steady. manus: london is facing misery later this month with day s of strikes. here come the unions demanding improved terms for demanding a new nighttime service. back-to-back 24 hour strikes on august 25 with member s of unite and effa joining in over a similar period. francine: daimler is the latest company taking on the french 35-hour workweek. the german car maker wants staff at one of its factories to put in more hours. the company hinted it will take operations elsewhere if no deal is reached. million pound -- which is owned by a billionaire. it came after the financial times newspaper. that was last month. the deal ends pearson's role in the news publishing business after nearly 50 years the. francine: coming up next, we'll discuss china's currency wars. ♪ manus: welcome back to "the pulse" live from bloomberg's european headquarters in

they say it's easy to find work in the u.k. than in france. the u.k.ernment offered france help with security but says all europe should help find a solution local officials in cali totally disagree. >> translator: this is totally a british problem. what they don't understand is that everyone in europe sees it as their problem and they can't keep sending security to transcript as if cali is a suburb of u.k. we are not england and never will be. >> reporter: the tunnel of the entrance is fence is being repaired again and a man cut it to grab a passing train prepared to risk their lives for a life in britain. and this man says he will do the same. charles stratford, al jazeera, cali. >> let's talk to lawrence lee in dover and you are in a place where so many in that jungle want to end up. what is the situation there? >> well there are very, very few migrants in dover. there is a few but mostly they are going as far as they can in the country and not to say that the move here isn't pretty cross and it's very difficult frankly to over state the level of an

as the u.k.xpansion progresses, speculation about the timing of the first move and bank rates increasing. this is understandable, and a welcome to sign for an economy that is returning. the likely timing of the first bank rate increase is drawing closer. however, the exact timing for the first move cannot be predicted in advance. the music there is just as depressing as the news conference. jimmy, you probably could've -- jamie, you probably could've skipped the news conference. you got it right yesterday. jamie: we were more cautious. wrong. many others were is theng to take away split is not that important, because we know it is going to be raised shortly anyway. i think the market will not be paying too much attention to that. ginny murray, thank you very much. jpmorgan.amoroso with in matthew beesley is still with us. matt, you go through the inflation report, you push up the gdp forecast. did we get too excited about what the bank of england may do? that is something coming soon. it is going

i both communities at once and of course it avoids any discussion about where the u.k.'s asylum policy has disappeared to. al jazeera, northern france. >> still to come on al jazeera, rum blinks in global markets as china devalues its currency again. >> the tit for tat compensation claims that the souring relationship between cuba and relationship between cuba and the u.s. ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. >> troops loyal to the exiled yemeni presidential had are now in ibb, backed by saudi-led airstrikes as rival houthi rebels are strengthening defenses in sanna. >> iran's prime minister has met the syrian president bashar al assad in damascus. libya's prime minister has again threatened to resign. the leader of the countries internationally recognized government in tobruk made the comments during a television interview. a day earlier, u.n. brokered peace talks resumed between warring factions in geneva. >> c

in the u.k. that is not in the price, it is later. it is true that the guidance from the bank and the fed is quite a line. the exit challenges the same. -- challenge is the same. they both have the same problem. the stuff i want to know is how do you lift rates when you have access reserves that say that you cannot. they are not talking about that. >> a couple of points. the most important thing is not you guys trying to height super -- jonathan: the bank of england decided to change their strategy. one week you get the decision then you get minutes the idea was to have it at once. does that not work? >> not really. quite used to looking at data and deciding what it means. it is not distant -- it does not need to come in a flurry of packaging. when mark started, someone told me he is the guy you want to go to the public, that is not true -- pub with, that is not true. jonathan: when you talk about hike the only person talking about a rate hike is the governor. >> the important thing is in the u.s., what will we say with tomorrow's non

the u.k.'s independent interviews leo lookup orlando, the eus in the future will be responsible for this genocide. he blames it all on the european government for fulfilling that for failing to provide safe passage to people fleeing persecution and war. when history records this, he says i wish to be able to say i was not complicit. a really personal feeling from a man who had been witnessing thousands of migrants arriving in his city in the last year. ,f we go to the italian press slightly left of center, focusing on brussels response. brussels ups the rhetoric. no country can stay alone. the paper recalls that the eu has praised italy for saving lives, but that now we need a european approach. it goes on to explain that brussels is exasperated at leaders like david cameron, who have refused to help by taking their fair share of asylum-seekers. molly: we have seen debate over what an approach would and should look like, and we are seeing something in the german press. tv presents rman reshque

general insurance taking a hit in north america and also in the u.k. and one analyst points out that this business hat surprised on the down side for the past couple of quarters. what they want to see for shares is either capital deployment in acquisitions or share buy backs or acquisitions. they said earlier on that they won't overpay. they will want to hit something that fulfills their 10% return on investment target. if rsa doesn't hit that they won't go for it. in that case they'll do capital redeployment in a different way. >> this reaction today and the share price down 3.92% is more to the earnings than to anything with rsa. he was distancing himself from an overpriced deal. that's one of the big fears that the deal wouldn't come through. >> we don't know what rsa is demanding. because they said they haven't been notified. >> but investors are fearful of an overpriced deal. but he didn't have many answers for this disappointing set of earnings. they maintain their target of 12 to 14%. they missed that last year and in the first half coming at 11

and importantly, the u.k. business is incredibly influential in terms of exporting multichannel best practice to other parts of the walmart empire around the world. although it might be disappointing in terms of lifelike sales growth, what it might be achieving perhaps goes underdocume underdocumented. >> briefly, walmart is paying at least $9 an hour. that's going up to $10 an hour in february. how big of a dent will that be for profits or do you think it's positive because walmart employees are going to spend more of the cash in the stores? >> a longer term positive. walmart has a high staff turnover in the states. the longer it can keep staff in place the better the service will get and the mechanics of replacing lost labor will be reduced as well. so overall it's a positive. >> okay. brian, thank you for that. brian roberts. >> let's talk pets. petco is filing for an ipo. the third listing since 1994. it started life as a mail order company has more than 1400 stores in the u.s., mexico, and puerto rico. it

he wants to go to the u.k. because he says it's easier to get a job there which plays into the hands of the politicians here in europe that say that the u.k. is not doing enough. it's a very complicate situation here. in the meantime, the latest statistics say there are around 5,000 people from around africa and surrounding countries suffering political violence in this camp and the surrounding area alone. >> all right we'll come back and talk about this more later. thanks for now. charles stratford there. >> the church of england criticized britain's prime minister for what it calls his lack of compassion over the migrant crisis. we have a report on how the crise is generating protest in britain. >> it came from folks united, a resident's group campaigning for better treatment of migrants trying to reach the u.k. they say channel tunnel authorities and british politicians have to do more to save migrant lives. in particular, the lives of those trying to get through the channel tunnel from calais and france by

>> you mean between iran and u.k. i think it comes more to the - iran's revolutionary principaled, which -- -- principals, which every country follows its own national interest. the goren policy is -- foreign policy is unique. now iran is putting ahead its national interest, but it's still pursuing the revolutionary values, like anti-american. >>, or opposing american imperialism or opposing israel, or supporting some groups that in the region that the briefing may not agree with. i think it goes - if you want to look at the root of the problem, it's the revolutionary value, that the iran supreme leader is holding, and he does not want really to give up the values, because it's a cornerstorm of the republic. we should look at the positive sign, which iran is putting national interest for the first time ahead of revolutionary interests. >> thank you, good to get your analysis. president of the international american council on the middle east. live in los angeles. >> well we have more still to come for you on the al ja

it's in line with what we're seeing in the u.k. but here in the u.k.had similar hawkish commentary from the likes of forbes. where are we in terms of monetary policy? could it be pushed out? >> we shifted our view from november this year to february with the risk of only it could be a little bit later than that and of course the recent data i don't think changes that. i think the fed will move first. it's a close call whether or not they move next month but the bank of england will be looking most closely at what's happening geopolitically but also to domestic spare capacity and nothing in today's numbers really change that actually spare capacity is being eroded and the date of the first rate rise is approaching. >> sterling right now moving lower after the u.k. sales number disappoint. thank you for joining us and breaking the numbers down with us. head of economic research and market strategy at lloyds bank. >> police in thailand are on the look out for a foreign suspect connected with this week's bombing in bangkok. >> the search for the bomber wid

al jazeera lauren lee is following the story from dover, the closest u.k. town to calla just over there. watched now being watched with a suspicious gaze, determined to keep people out. who might be hiding inside. dawned by a british media seemingly possessed of a rage against all migrants, the political class and popular opinion here have decided that by and large the stow aways are almost all up to no good. you hear it everywhere you go. >> thousands would come if they would, for the free houses. they say they don't want to work, but i don't think that's the case. >> why should they be coming over in the first place. >> it stopped mattering that most of it is not true. it got stuck there not because of migrants but by a strike at the ferry port. those who try to explain to the public that almost all of those in calley are likely to be legitimate refugees have had their voices drowned out. >> more army, more fences is just not going to work, because that deterrents is based on the illusion that they are economic migrants when the reality is that they are f

the u.k. data was a stronger. u.k. data around wage acceleration. but also productivity. a lot stronger than in the u.s.. we keep getting provisions upward to the u.k. productivity numbers. why u.s. -- my u.s. colleagues do not believe me. where going on holiday in august. if you're just looking at those factors, the same one -- the same ones the u.s. are looking at the differences are key. the reserve bank of australia are dealing with. much more of a factor for the u.k. neckline and much more direct effect -- a much more direct effect on the economy. this is a moving story. if you're just looking at the domestic economy -- jonathan: does the fed capitulate? stephanie: it is going to be hard for them. if we see the employment index like this on friday, that was a difficult number for them to swallow. a complete lack of wage acceleration, it becomes harder for the number. sometimes they say we get all excited around the september. your member what happened? i was sitting in new york waiting up for it to happen, it did not happen. then they didn't announce it a month later

reunited against, iran and the u.k.pen their embassies. ♪ ♪ >>> hello, some of them haven't eaten or excellent for days, cramping in the rain waiting uncertainty only to face police batons and stun grenades and for the 2,000 refugees that finally made it in to macedonia their journey has just begun they were boarded trains and bus to his take them to serbia. they are aiming to head further north to hungary a member of the european union. they are in a packed refugees store apply for asylum. and time is short. serbia is building a ra razor we fence to keep people from coming in. >> reporter: there is no end to the suffering, the exhaustion, it's a different place, a railway pla platform. waiting for another journey is at one point police and soldiers were blocking the border with force, now they are organizing transit for these people to pass through macedonia and then onto serbia. in the crush there is tension. a train has received. there is no way everyone can get on board. there doesn't seem to be any system on tellin

manus: the u.k.nment has started to sell off its stake in the royal bank of scotland to it raised two point one billion pounds by offloading 5.4% of its shares. george osborne is taking a loss as he tries to revive investor appetite in the bank seven years after became britain's biggest casualty of the financial crisis. francine: now, let's get more on issuednd the rbs ceo has a statement saying "i am please the government has started to sell down its stake. it is an important moment and reflects the progress we are making to become a stronger, simpler, and fairer bank. there is more work to be done but we are determined to determine -- to build a bank the country can be proud of." manus: this was something that was warned about by the chancellor a couple of weeks ago. we's taking a loss. this is a bit of a gamble. public opinion, yes. the chancellor does not seem to mind. the tried to lay groundwork. he said in june that he had adi cievice from mark carney and from rothschild which advised that sale