investors raise bets on more u.k. rate cuts after the bank of england downgrade its growth forecast. we bring you our interview with the governor andrew bailey. we have the earnings crossing from the spanish lender stop adele and it's a beat on net income. coming in at 532 million euros. the estimates have been for 428 million. solid beat in terms of net income for the fourth quarter. the key line on return on tangible equity and the projection around 2025 seeing an increase of 14%. increase of 14% above the estimates of an increase of 13%. this stock up around 130% just in the last 12 months. solid beat when it comes to the net income, the forecast also raised in terms of returns on equity. 2025 cost of risk at about 0.4%. that's a stop to watch at the open. 8:00 a.m. u.k. time. a spanish lender that has performed very well and the earnings coming through with a b. let's get to the market story again. it power european stocks to fresh record highs yesterday. notching gains of more than 1% across the stocks 600. the s

growth in the u.k.ger hit might be if there is retaliation, because then they will be making goods more expensive for consumers and companies, so if there is no retaliation it is a growth risk. lizzy: no one more aware of the growth risks to the ok'd than keir starmer himself. we think it was always for joining us this morning. we will bring you full coverage of the bank of a the decision when it drops at 12:00 p.m. london time. viewers in the u.k. will see full coverage of the news conference at 12:30 bien -- p.m. we will bring you andrew bailey's interview with guy johnson as well. let's get to french politics, the prime minister survived two no-confidence motion yesterday i ensuring the adoption of a budget following months of political turmoil. we get more with kathleen. how did he manage to survive here? >> the new prime minister may have found this very narrow path to survive with a majority in parliament. he survived not one, but two votes of no confidence with 128 votes against him out of the 55

we saw week activity in the u.k. economy. the question is, to what extent is that a weakening of demand and to what extent is it a weakening of supply capacity of the economy? or a mixer of the two? that is critical because one leads to lower inflation and one leads to higher inflation. so that is one of the critical things and then we have more uncertainty around us. we are getting a pickup in inflation over the coming months. we will have to watch it carefully and the world around us is an uncertain place at the moment. >> what you're saying is -- there has been an implication. you said careful. does that mean you have to wait in terms of timing of when rate cuts are going to come? do you need more information so cuts are backloaded before you can make a decision? >> know the way i would interpret it is this. sort of the set of things we are going to have to judge is more complicated. >> does that make it harder to make a decision to cut rates? >> it is going to give us more to think about every time. we will be careful in

he's undecided whether to target the u.k., but we could still be affected. more on that later.f this into uncertain. take canada and mexico. even after yesterday's last suspension, the lingering threat of tariffs could be a damaging tactic. >> by creating uncertainty about whether any firm, either u.s. owned can access the market from outside the u.s., he's trying to draw investment inward. >> it is thousands of miles from the u.k. headquarters, but they warned the mexican tequila and canadian whiskey businesses risk tariffs of 200 million pounds. americans may face higher bar bills and other british businesses could suffer in -- indirectly. >> the u.k. will be exporting to the u.s. by its relationships with firms in the european union. to the extent a british firm is supplying parts to a firm in france or germany, and france or germany faces it, it will pass through and feed into the u.k. >> president trump is aiming to promote american interests at the expense of others. but the man who wrote the book the art of the deal may find his attempts to outmaneuver his trading partne

trump: u.k.of line but i think that one can be worked out but the european union is an atrocity what they've done. prime minister starmer has been very nice, we've had a couple of meetings, numerous phone calls, we are getting along very well. chris: the president walking away from a weekend of tariffs. china, mexico, canada having them imposed so far. this is what it sounds like as a basketball game in toronto as the american national anthem plays. in brussels, a city of flax and international politics, you might ask why all of this matters to your day-to-day life. in short, if international trade becomes trickier, more expensive, it can give economies the shivers. look who is also here today. it is prime minister's make less of a habit of showing up since brexit but the nato defense alliance is based here as well. it was the prospect of america imposing tariffs on the u.k. that dominated. >> early days. i want an open and strong trading relationship. that has been the basis of my discussions wi

today's foundation report on u.k.overty not only highlights who is most likely to be poor, but also the scale and increase in deep and enduring poverty. i was encouraged by the prime minister's response before christmas at the liaison committee. for explained and acknowledged that disabled people experience poverty because of their -- while over 2 million disabled people can and want to work many others cannot and should receive adequate support. many vulnerable claimants are worried following speculation that the $3 billion of savings to be found for the social security budget may impact on their disability benefits. will my right honorable friend agree with me that language matters and that their concerns must be heard? p.m. starmer: i think you for raising this end i know it is an issue that she is deeply concerned about and campaigns on. the rising poverty caused by the mismanagement and the economy by the party opposite is unacceptable. our approach to social security will ensure that workers -- work is accessibl

position now that the u.k. to do a deal with mauer riches on the very island -- mauer if riggs that we have a military base, and is president trump going to to use tariffs as leverage in i suspect he's going to announce if tariffs next week. >> di yea go garcia is a very important strategic position we share with the u.k. in the indian ocean. the chinese would love more impact other that sphere, it gives us power projection platforms, refueling opportunities. if we were to give that away, it would be an abdication of america's ability to project power. we appreciate our british friends' willing areness to pause their deal and give us a chance to look at it. and we want to make sure in this new administration it's a good deal, a deal that serves our interests and our military's interests, that if we're good partners with the u.k. on it and also the chinese are not able to leverage the moment to try to gain a foothold there. i don't want to get ahead of the president, but we're looking at this very actively. it'l

around the world and across the u.k., you are watching bbc news. christian: welcome back.tish government says it is reforming the archaic planning rules which the prime minister says has been holding back britain in the race for clean, secure, and affordable energy. today he set out new rules to make it easier to build nuclear reactors here in england and wales. the old-style plants are expensive and decades in the planning. we have not completed one since 1995. but since the invasion of ukraine and the advance of ai, nuclear has become a necessary and desirable part of the mix. the changes to the planning rules today means if and when the smaller, modular reactors become available and commercially viable, britain should be in position. with me to discuss is michael fitzpatrick, professor at coventry university, expert in nuclear power technologies. explain to those of us who are not so sure on this, what is a small modular reactor? >> the reactors we are currently building in the u.k., they offer a very large scale power generation. they will be about three gigawatts of e

ambassador to the u.k.woody johnson if he thinks the european union and the united kingdom could soon be the next targets. it's a fox business exclusive. and how did a little kid from the suburbs of chicago, illinois, go on to to be what dow jones calls one of the top venture capitalists in the country? after quitting his banking job out of college, carter reum decided to start v, a spirits brand -- yeah, vodka -- and he ended up selling the company for more than seven times revenue. he did not stop there. he went on to found a venture capital firm that that includes disruptive businesses. i had the chance to sit down with carter to learn more about what it's like to be known as one of the gutsiest investors right now in the country and, oh, yeah, his life as paris hilton's husband. [laughter] if wow. if listen to my brand new podcast episode on everyone talks to lizment of it's available on apple, google, spotify, iheart radio, wherever you listen to your podcasts. we are coming right back with wood key jo

even in a liberal economy like the u.k. line lisa: -- u.k. that there was a constraint on the bank of england and ecb in cutting rates because the week as in their currency would lead to an uptick in inflation. why is that no longer on the table? thierry: i'm not sure that it is no longer on the table. if the currency were to decline quite a bit i think it would sound off alarm bells about the prospect for pastor into inflation. the issue is we have not seen a precipitous, large, consistent decline in these exchange rates. if it were to drop over the course of the day and would be taken to imply a collapse of markets in these currencies they would react, but these are slow moves, these are trending lives, and i think because of that there is no sense of panic they need to address with interest rates. lisa: there is a bigger point here that maybe some of these single mandate central banks are becoming more dual-mandate banks, just incognito. they are going to allow weakening in currency, inflation to remain higher because the emphasis needs to

there is reason to believe european countries including perhaps the u.k.osshairs. at some point without a doubt, the substantial u.s. trade deficit with japan is going to become an action item for donald trump. the line ishiba took which is a reasonable one is that japan is a massive investor in the united states, that japan is investing not just in greenfield auto plants and so on which are valuable but also in technology, you know, talk of a $1 trillion target for japanese investment. there was a softbank openai announcement of a huge investment in artificial intelligence, and so on. i think the japanese effort is to try to compensate for the fact there are structural reasons why the united states imports vastly more from japan than it exports and that is fundamentally not going to change. the big item on the table clearly is lng, liquid natural gas, that japan already imports on the order of something like $3 billion. >> you think they are going to buy plenty more of that. let's move to north korea because i am pressed for time. north korea is an intere

john, back in the u.k.rs before there is a national election but local elections in a few months and that has establishment policy very worried and elsewhere with an unhappy electorate and right ward shift in politics. >> john: big change across the continent there. >> dana: two of president trump's cabinet picks tulsi gabbard and rfk, jr. will facing votes today. welcome to "america's newsroom," i'm dana perino. bill hemmer is off today. >> john: great to be with you. enjoy it. i'm john roberts. rfk, jr.'s nomination for health and human services secretary will face a critical vote in the senate finance

france ceded the chagos islands to our friends in great britain, the u.k. and a number of years ago the united kingdom and america got together and we built mostly with american dollars, by the way, we built a military base in the chai chagos islands, one particular island called the diego. it's very close to the indian ocean in china so we can watch them. for another thing, it's where -- one of the only port -- bases where our nuclear submarines can dock. hugely important. well, the united nations got mad at the united kingdom. they said, great britain, you're bad people. you used to be colonialists. you acquired other countries. sometimes freely, sometimes by force. every country i know of in the world of any strength has done that. doesn't mean we ought to be proud of it but it's part of our history. but the united nations said shame on you, u.k., shame on you. bad, bad, bad, bad. you have to give back the chagos islands and the military base there. and the u.n., the u.n. doesn't have any jurisdiction over the united kingdom. but the u.n. said not only d

outside of the usn u.k. they are having challenges in europe. -- u.s. and u.k.hey are having challenges in europe. this is a mission-driven company. they state very clearly they are there to defend western civilization, and especially the united states, and putting america first, which, again, fits very well with this administration in the u.s. it in europe that rubs some people the wrong way. they don't see that mission is a reason to buy software, and that is where palantir is not doing as well. there are some political landscape shifts in europe, and we will see how those play out. caroline: "a real time messages from hedge fund telemetry, for example, really questioning the market capitalization here. talked about why it is vindicated. its unique offering. but tell us about your price point, because it is where the price is currently for the stock would you upgrade it? gil: we prefer other companies that have similar growth trajectories and similar ramps, specifically in this case snowflake and data dog will also ride the ai wave in their own way, and they a

the u.k., but the european uniol is really out of line. u.k.ut i think that one can be worked out. but the european union is an the atrocity what they have done. >> reporter: [inaudiblehat ] >> president trump: prime minister has been nicetr d we'vcee had a couple of meetings and numerous phone calls. weell are getting along well. we will see if we can budget out our budget. with a european union, $350 billion deficit. so obviously, something is going to take place there.]. >> reporter: what is the timeline -- >> president trump: with who, with who? >> reporter: with hamas. >> president trump: i wouldn't satty a timeline but it will be pretty soon. >> reporter: [inaudible] >> president trump: no, we may have short-term little pain and people understand that that long term, the united statesippv been ripped off by virtually every country in the world. we have deficits with almost every country, not every country, but almost. we will change it. it has been unfair. that is why we owe $36 trillion. we have deficit with everybody and we've beenhelp

from the fed that may be held on pause for longer and what that impact is on the ecb and boe in the u.kr longer. we do not think the ecb will be rattled if the fed stops or goes quicker. they have said they will be meeting dependent and meeting by meeting. of course, it cannot completely ignore it, but we don't think it will be watching exactly very closely. >> do you have a risk radar in terms of the sectors or segments that are most vulnerable to tariffs? what stands out to you as the weak links when it comes to the u.s. economy on the impact of tariffs? >> we think if the administration were to target different sectors it would go down the root of aluminum, steel but perhaps there will be negotiations. we have heard from donald trump that if the eu imports more gas they won't get tariffs so it's all up in the air. and we know they are planning to import more to fill the inventory gap. melanie with the potential economic impacts on the eurozone , factoring in their base case of 10 to 15% tariffs. now we have some lines crossing in terms of 29 to 30 million shares for 101 euros per sha

we will continue to engage with regulators and the u.k., but in the u.s.ere we also operate. we are very pro thoughtful regulation. jackie: talk to us about ai. you have a chatbot that handles 20,000 inquiries on black friday. >> per day. jackie: at what point will you be able to use that ai technology perhaps across your platform? could you expect to see them taking over any human tasks? >> we see ais a productivity enhancer. we are not replacing humans with robots here. that is not our plan. but there are productivity gains to be had. the chatbot is widely available and hammers -- handles two thirds of human queries today, but anytime you wish to reach a human, you can. that is exactly what we intend to do. we use ai to do all sorts of really interesting things. we must as part of our regulatory obligation track that the merchants advertise and promote a firm responsibly and don't promote things that misrepresent terms. we have an llm system that we built internally to track that. extraordinarily effective. there are millions of points across the web whe

i remember back in the day i was in 10 downing street in the u.k. and saw how it was done the traditional way. governments had an issue and send representatives and diplomats and maybe in six months there is a summit and working papers and maybe two years something happened. with president trump it isn't like that. look at the results within practically 24 hours in terms of the fentanyl issue. which he understands so deeply because he understands the communities most effect by it. >> harris: it's great to get your front row seat to history from david cameron's leadership in the u.k. and apply it now a brand-new american citizen and friend steve hilton. sit tight with me. you said 24 hours. i feel like it's been 24 minutes. they were still trash talking with we're coming with our own and doing this tariff against the united states. treasury secretary will be a big part of this, scott bessent will be in a major position and upcoming trade talks. he wrote a recent opinion piece about this saying the truth is that other countries have taken advantage of

i actually heard something the other day that this started in the u.k.scene, which is interesting because also ecstasy was very tied up in this y2k futurist kind of bay area, miasma but i mean, you could say maybe it was some it came from the u.k. we've seen you saw like there was this industrial designer named kareem rashid, who is considered of the fathers of what's called the object is an object that looks like a blob. an example would be the old trash can, which is really common consumer object at the time it this just wavy trash can, right. yeah i mean, it came from a lot of different places. i mean, you could see it in again, i'm not totally sure but with this stuff, i think it can be challenging to say exactly where it originated. other really important touchpoint are like there are a of music videos in, the nineties, specifically rap, r&b music videos that really pioneered a lot of these and made them popular widely. and there was a a a costume designer named june ambrose who was very influential. there was a a there his name is escaping me right

there could be trade tariffs imposed on the european union and trump refused to rule out tariffs on the u.kcontinue following that online. you can also check out what we are working on it anytime. head to your favorite social media site. thank you so much for watching world news america. see you next time. ♪ announcer: funding for presentation of this program is provided by... announcer: funding was also provided by, the freeman foundation. and by judy and peter blum kovler foundation, pursuing solutions for america's neglected needs. ♪ ♪ announcer: "usa today" calls it, "arguably the best bargain in streaming." that's because the free pbs app lets you watch the best of pbs anytime, anywhere. amna: good evening. i'm amna nawaz. geoff: and i'm geoff bennett. on the newshour tonight. elon musk expands his influence in the trump administratio

around the world and across the u.k., this is bbc news. ♪ >> as we were discussing a moment ago.ump claims everybody loves his plan for gaza. but the regional reaction would suggest otherwise. saudi arabia has reaffirmed its rejection of any attempts to displace the palestinians from their land. riyadh has said it will not formalize ties with israel without a palestinian state. and egypt's foreign minister called for the swift reconstruction of gaza, stressing the importance of moving forward with early recovery projects after what they called an accelerated pace. let's hear from a spokesperson for the palestinian president. -- apologies, we don't have that clip. but let's discuss the situation. joining me is the senior fellow and senior director for outreach at the middle east institute. really good to have you with us on the program. i was putting this question to someone the other day in the context of president trump's tariffs. a very different situation. but the same fundamental question in order to try to understand what is going on, we have to look at his purpose. what do

around the world and across the u.k., this is bbc news. ♪ catriona: welcome back.atching "the context." we are talking about everything that president has -- president trump has been doing this week, just his second week in office, but he has faith an extraordinary time of tragedy, dealing with that washington crash between a passenger jet and military helicopter. on thursday, he stood before the white house press cameras and said the country was in mo urning, as he described an hour of anguish for the nation, pay tribute to the victims, and then speculated, without evidence, that the collision was caused by diversity policies because of, as he called it, unqualified people were hired as air traffic controllers. yet another reminder of how his presidency will be very different. pres. trump: the faa's diversity push includes hiring people with severe intellectual and psychiatric disabilities. that is amazing. then it says f.a.a. says people with severe disabilities are most underrepresented segment of the workforce and they want them in, and they can be air traffic

which provides nuclear powered conventionally armed submarines to australia in partnership with the u.k. continues to make progress. i know you are going to hear more on that coming up after the break. last year the u.s. navy conducted the first submarine tendered maintenance in australian waters when uss hawaii underwent maintenance. this marks a significant step forward in developing australia's sovereign capability. nnsa continues to partner with the navy on developing and delivering cutting-edge naval nuclear proposing technology that maintains the american strategic advantage in submarine and aircraft carrier capabilities. now i want to move on to accomplishments. while shifts in the global environment present challenges for nnsa, we have also hit multiple milestones in the past year that demonstrate our ability to deliver while overcoming many challenges in our capacity to adapt to rapidly changing circumstances. let me start with our weapons modernization activities. last year, nnsa made 100% of its planned deliverables to the department of defense and the pan text plan which rep

the security council is the five members, france, u.k. and russia are european countries.hree in five on a continent that is what it is doesn't make any sense anymore. it is absolutely essential to have reform in the security council to make the security council more representative of today's world and make it more effective. this is one of the central questions at the debate. but beyond that, what i believe is that there are things that will tend in my opinion to unite. and i have a lot of hope of the positive impacts of science and the positive impacts of technological development. we can have different positions. but renewables are the cheapest way to produce energy. so independently of the opinions that people might have, those that are now invested in fossil fuels, in my opinion, are invested in something -- i'm convinced that oil and gas that exist in the world today, independently of new discoveries, will never be spent. and so sooner or later, i believe that the realities created by the scientific and technological evolution, will make it inevitable, even for reaso

u.k. time. tune in for that conversation. the first shots of the u.s. china trade war are sapping sentiment on the markets. let's bring in mliv strategist mark cranfield. give us the deep dive in terms of market reaction in mainland china on the reopening after that lunar new year holiday to the second round, in terms of the trade war of the u.s.? >> as avril was saying, on the surface, it looks as though chinese equities are not doing great. if you look at the major indices, csi 300, shanghai composite, they have been choppy all day. under the hood it is a very different story. it is becoming a stock ticker's market. target gains for software developers, particularly those in the artificial intelligence base, people benefiting from the deepseek narrative. there is gains for metal companies like tungsten-related companies because china will put tariffs on the u.s. in that sector. you have the e-commerce sector not doing well because u.s. post have put restrictions on packages coming from hong kong and china into the united states. it looks as though ami

that could affect fwith tariffsrthatcpuld affect u k fwith tariffsrthatcpuld affect uk economy the..u.kis definitely occupying the minds massively occupying the minds of british politicians and officials here, but they know they are not in control. donald is in control, and one trump is in control, and one morning soon they will probably wake up again to find more . 7°f777 a... -o- a... 7 7of7wha7t77 7 77 777 ofwhatw|ll 77 77of7w7ha77t7will7h7a an. 77z7e7ffm7a7n 7 7 77z7e7ffm7a7n s." 7 7777 77z7e7ffm7a7n at westminster henry zeffman at westminster and sally bundock in the studio, you. there is a studio, thank you. there is a “p studio, thank you. there is a up and running of live page up and running of more reaction from the european union and in the uk on the 77 website 7 77 77 websiteand777 7 77 7 7 has..." and7777app. 7 he met our culture and media editor, katie razzall, of his memoir, source code. they also talked about banning social media access to under—16s, autism, tech bros and, what shaped a brilliant but rebellious and challenging we're meeting bill gates and his sisters, kri

. >> and president trump is now considering imposing tariffs on the european union, with the u.k. also potentially affected. however, he suggested that a deal might still be possible with britain. live in studio betty yu, ktvu, fox two news. >> a protest was held tied to elon musk and his department of government efficiency initiative to slash federal spending. people gathered outside the u.s. office of personnel management in washington, d.c. this comes as staffers at the u.s. agency for international development, or usaid, were told to stay out of the building. today, president trump said the agency is run by, quote, radical lunatics, end quote. and elon musk said president trump agreed to shut it down. secretary of state marco rubio says he is now the acting head of usaid and is looking forward to making some changes. >> i said very clearly when we when i during my confirmation hearing, that every dollar we spend and every program we fund that will be aligned with the national interest of the united states and usaid has a history of sort of ignoring that and deciding that there

the u.k.emoving its sales growth target. gm put out guidance only last week, and outlook that very few believed in. the bank of canada, basically providing no guidance whatsoever and the fed officials struggle to even discuss the tariff story because there is a sense that for some of these officials the policymakers, there is a sense of paralysis. lisa: because they don't understand exactly the ramifications and the policies. the whipsaw action that we saw yesterday of the threat of it going into effect, then being removed, with both canada and mexico because of certain provisions already going into effect. what the benchmark is with success and how exactly we get there. jonathan: threats on columbia, they back off and provide concessions. threats on panama, they back off and provide concessions. canada and mexico, they back off and provide concessions. is it different when it comes to china and europe? peter tchir put this out, we are only just beginning with china and europe, maybe columbia

which provides nuclear powered conventionally armed submarines to australia in partnership with the u.k. continues to make progress. i know you are going to hear more on that coming up after the break. last year the u.s. navy conducted the first submarine tendered maintenance in australian waters when uss hawaii underwent maintenance. this marks a significant step forward in developing australia's sovereign capability. nnsa continues to partner with the navy on developing and delivering cutting-edge naval nuclear proposing technology that maintains the american strategic advantage in submarine and aircraft carrier capabilities. now i want to move on to accomplishments. while shifts in the global environment present challenges for nnsa, we have also hit multiple milestones in the past year that demonstrate our ability to deliver while overcoming many challenges in our capacity to adapt to rapidly changing circumstances. let me start with our weapons modernization activities. last year, nnsa made 100% of its planned deliverables to the department of defense and the pan text plan which rep

the u.k., as we know just last month indefinitely band puberty blockers.constitution before the court is to pass laws that protect kids from what they say are risky harmful drugs when the science just isn't they are not yet. i would argue yes because it allows states to pass laws that regulate the safety, health, welfare of their citizens. about what happens in that case is going to have a big impact in this space in general. now that gender identity issue in title ix is a little bit of a different issue. but we have to remember the history of title ix. why was title night passed and the first place? to give men and women an equal shake. >> john: for a day at the national archives. >> white title ix even exist anymore? two things need to happen, one, congress needs to act there. and clarify what sex in title ix means and secondly the supreme court declined to take up the case and address directly addressing that issue in women's sports. i think they probably will at some point but i'm wondering if they are waiting to decide this tennessee law case first an

woody, the former ambassador to the u.k. and the owner of the new york jets.ws as well. but certainly this issue, griff, around cutting spending is something the american people clearly voted for. griff: well, it's going to be a great show coming up they just about 15 minutes and i look forward to you drilling in particularly on elon musk's frustration over the judge's ruling that not only treasury secretary scott bess only cannot see the books. you have a fox nation special, underwriting the enemy season two coming up very important stuff. we look forward to seeing that coming up. 15 minutes, sunday morning futures, maria, great to see you as always. maria: the fox nation special is looking at the idea of america underwriting our number one adversary, what is that about, whether it be buying chinese stocks on u.s. exchanges, selling farmland, agreeing to all of this surveillance from so many different places, underwriting the enemy can be streamed right now on fox nation. griff: check it out on fox nation. maria bartiromo. thank you very much. and we're just

and potentially u.k. to pursue some tariffs against them. achieve some sort of similar trade deal. but you did have the nec director come out this morning and try to sort of soften the president's remarks about this being about trade saying look, it is a drug war, not a trade war. the main focus for this administration is about illegal immigration and illegal drugs pouring across the border. it was something that president trump spoke about all through the campaign and in the lead-up to this coming into effect. >> dana: jackui, one of the things president trump did last night is in the quick video he did, he said that there might be some short-term pain for americans and saying it would be worth it in the end. >> yeah. that was a pretty significant admission, i think. because when you look at these three countries, canada, mexico and china, that is 40% of u.s. imports. there is no way to avoid some kind of pain when it is across the board tariff when you consider the 10% tariff for canada was on energy as well. you could see some ramificatio

the u.k.ury has told government departments to prepare for their budgets to be frozen in cash terms ahead of a major spending review in june. the ruling labour party has pledged to avoid the return to austerity. public finances are under pressure from high borrowing costs and stagnant growth. unprotected areas like justice, culture and local government are most at risk of being squeezed. plenty more coming up, stay with us. this is bloomberg. ♪ tom: trumps 10% tariffs on china are in place. china response. they have a playbook. more symbolic than substantial could be the argument given that for example, a probe into google is pretty insubstantial given that business has very little exposure to the chinese markets. yet they pull in a bit a bit of natural gas and lng from the u.s. market. 10%, 15% on coal. they get most from china and australia and produce a lot domestically as well. but the list is there, it's targeted and clearly designed as a response as they gear up potentially for negotiati

john, back in the u.k. it might be a few years before there is a national election but local elections in a few months and that has establishment policy very worried and elsewhere with an unhappy electorate and right ward shift in politics. >> john: big change across the continent there. >> dana: two of president trump's cabinet picks tulsi gabbard and rfk, jr. will facing votes today. welcome to "america's newsroom," i'm dana perino. bill hemmer is off today. >> john: great to be with you. enjoy it. i'm john roberts. rfk, jr.'s nomination for health and human services secretary will face a critical vote in the senate finance committee any minute. kennedy will need a majority of votes to advance out of committee for consideration before the full senate. >> dana: the afternoon tulsi gabbard is up for her vote. president trump sounding positive about her chances. >> have you called senators who have concerns about tulsi gabbard. >> president trump: i've gotten a great response. they want to do what's right an

, raytheon that have very sophisticated systems, and our allies are using those systems like in the u.kright. most importantly, you've got to have the right people at air traffic kohl. air traffic control is short staffed, and i think the elimination of dei hires and policies will allow us, actually, to hire the air traffic controllers we need. the software point is really important though because we know if you looked at these old, antiquated air traffic control systems, it really does look like a video game that's 30 years old. we've got better software. we need a federal government that's more responsive to the technology that's out there. and i really do think that that with president trump's leadership we're going to have those near misses and those almost terrible tragedies, those are going to come down which means our aviation system's going to be much safer. maria: let me get into the cabinet nominations. you were the deciding vote on pete hegseth -- >> proud to be, yepment. maria: -- for defense secretary. what can you tell us? it certainly feels like even though the republican

subjecting the tariff -- suggesting the tariffs may happen but thinks they can make a deal with the u.k vowing to respond firmly to any potential tariff as canada announces a 25% retaliation tariff on $155 billion of u.s. exports, mexico is vowing retaliation this morning but no specifics have been given yet. we're waiting for the phone calls to take place with president trump and the leaders of canada and mexico to get more clarity there. joining me now is new york congressman nick langworthy. good to see you. thank you for being here. what's your reaction to all of this? >> well, we have a trillion dollar trade deficit. this is not an ideal situation but we have the greatest economy in the world and we've been taken advantage of for far too long and president trump is a shrewd negotiator and we have to put tariffs at the front of the table in order to change the behavior of these countries and when you look specifically towards the issue of immigration and the fenced nil that poured into the country, we need to use the economic might of the united states of america to change the behav

aid given tends to sort of distinguish traditional donors such as the united states, germany, japan, u.k. from the so-called emerging donors. some call them rogue donors like, you know, china, but also brazil, india, south africa. they fall into that category. so so one of the arguments go that the traditional donors like the united states, they are the ones who are more like altruistic and driven by the ethical considerations of the need impartiality, whereas, you know, china, they are driven by political expedience, see the use it as a part of their political agenda. and so a spoiler spoiler, neither the traditional donors nor the emerging ones consistently follow any of this logic. so again, that was another more theoretical kind of reason for why we wanted to pursue this book. and last but not least, i felt that the discourse about aid is typically disconnected from the broader context of ideas, norms and power relations. you see, aid given does not take place in vacuum. aid given decisions about aid, they are part of a broader humanitarian regime. humanitarian regime has some writte