as part of the widening trade row and it is notjust car manufacturers who are concerned. next fed meeting on wednesday, our next guests meeting on wednesday, our next gu ests says meeting on wednesday, our next guests says uncertainty surrounding us policy has already affected decision—making. economic policy uncertainty is already having an impact according to a guest. we are starting to see the effect of steel and aluminium tariffs. everything from motorcycles, rvs, to soda pop cans. the fed note of concerns about trade policy and the possibility that they would intensify. over the last several months, some of the daily moves in the snp 500 are tied to news on trade policy. it is definitely having an effect on the market. you publish the global economic policy uncertainty index. what does this measure and what is it telling you? it basically measures the extent of anxiety about economic policy and we look at leading newspapers, in 20 of the largest countries that count for 70% of gdp, and his methods to qualified the extent of concern about policy. we sit lots of concer

for the first 42 miles an old motor road was improved, widened and in places relocated. on its way to the alaska, yukon border, this road went through pruce and poplar forest over cold mountain streams and through a sleepy indian village. from the border north ward, the route followed an old packed trail. here the contractors started rom scratch clearing timber, surfacing. on reaching the pioneer road of the engineers, the civilian crews improved it and widened it all the way to the main highway. when the hains cut-off was finished in the fall of 1943, the alaska highway had an all-weather connection with tide water. as the highway and the cut-off were nearing completion, so were the emergency flight strips being built by the canadian department of transport and the nited states army engineers. these strips were safe between airports to provide a safe landing surface for pilots who suddenly land in trouble. in addition the engineers were improving the airports hemselves. xtra hangars were built. unways were added. these airports were enlarged and the flight strips were b

miss widener? >> good morning. the item before you is a proposed new five-year professional services contract to oversee the parking operations and management at sfo with new south parking. the item was before you last week and it was continued while we looked into some location headquarters just to make sure that or to clarify that the companies involved in this partnership are not headquartered in any prohibited states. i can confirm today that new south parking is a general partnership, comprised of two partners. the majority partner is s.p. plus corporation, it's a delaware corporation who is headquartered in chicago, illinois. and the other partner is global parking systems. which is a louisiana limited liability company with its headquarters in new orleans. neither of those states is prohibited through the 12 acts ordinance. and i also just want to point out that it was brought up last week that there may have been missed opportunities for local businesses. new south parking has also partnered with s.f. parki

it has widened significantly, boeing you look at the median, it has not widened as much as classes were considered like a high-yield side. so em could still have somewhere to go. it is not as risky as it was 10 years or 20 years ago. it is more reliant on local currency funding, so less reliant on the dollar, and they have actually brought down the current account to sit, broadly speaking, but clearly, there are political uncertainties. quite look as cheap as it could be, so we are cautious, and just keep what we have at the moment. vonnie: just on the 6% there for u.s. high yields, whether that covenant life, i'm curious to know what you think of them. tatjana: the 6%, i'm sure you are referring to the u.s. yield markets. when it comes to high-yield markets, we prefer european high-yield. european high yields have a better average, all the negative performance is down to interest rates, and when it light, it looks like late cycle behavior to us, and that has started about 12 months ago, the covenant had been eroded significantly, and there is some pushback now that the market is a litt

social democrats is widening so all the option that he actually put out are on the table at the momentand all the implications are quite grave and imminent with the latest from munich review devolved in berlin thank you so much to both of you. in mexico leftist presidential candidate andres manuel lopez obrador has won sunday's election by a wide margin official projections put him on track to win more than fifty three percent of the vote he made fighting corruption a central campaign pledge and has vowed to enact policies to help the poor he was the runner up in two previous presidential elections in two thousand and six and two thousand and twelve he has also been a sharp critic of u.s. president donald trump but in his victory speech he held out an all of branch to trump here's what he had to say. was we will pursue a relationship or friendship and cooperation with the united states. always rooted in mutual respect and in the defense of our fellow mexicans who live and work on ripley in that country. i'm joined now in the studio by madhu is a political scientist at the latin america

that spread can only widen. the front end will pick up because the fed is saying the u.s. economy is strong, inflation is that target and unemployment continues to decline. are time, analysts skeptical the u.s. can continue to grow. we have a significant sugar high from tax cuts. as that fate i think we need global growth momentum to pick up for the u.s. to continue to print about 2% gdp. >> one pocket of craddick and -- credit and fixed income is among asia and europe. high-yield is cracking pretty much everywhere. what does this chart look like through the rest of the year, bob? >> it is important to look at the composition of the high-yield market. the higher quality, more rich incident shorter duration -- more rate sensitive shorter duration part of the market has extended this year. the higher risk, less rate sensitive of the high-yield market has done well. bake bifurcation in returns of quality and rate sensitivity of high-yield. that probably continues in the second half of the year in the growth sensitive parts of the do ok much like the growth sensitive parts of

the spread can only widen so much. i think the front end can somewhat decouple, because the u.s.nomy is pretty strong, inflation is at target, the unemployment rate continues to decline, i think that is where we are seeing a continued flattening of the curve. i'm skeptical that the u.s. to grow.nue i think we have had a significant sugar high from tax cuts and as that continues to fade, we will see growth momentum to pick up. jonathan: one pocket of credit and fixed income that captures the story bob, is high-yield. you see this in em, asia, europe, versus the united states. high-yield is cracking pretty much everywhere. with the exception of u.s. high-yield. what does the chart look like as we go through the rest the year, bob? bob: it is important to look at the composition of the high-yield market. the higher quality, more rate sensitive, shorter duration part of the market has struggled this year more than the rate sensitive fixed income. the higher risk less rate sensitive triple c part of the market has done pretty well. returns between the quality and rate sensitivity of h

fresh investigations into the novichok nerve agent attack in salisbury as police widen their search,ing on a park in the city. president trump tweets his response to an alleged tape recording regarding a payment to a playboy model saying he did nothing wrong. police seize 1.6 tonnes of cocaine off the coast of cornwall as two dutch men are remanded in custody. also this hour — hundreds of people have attended a candlelit vigil in honour of the 17 people killed when a missouri tour boat capsized. nine members of the same family are confirmed to have died. one of the surviving members of that family spoke of her trauma. and i was yelling and i was screaming, finally i said, lord, just let me die, let me die. i said i can't keep drowning, ijust can't keep drowning. kensington palace have released a new photo of prince george who turns five tomorrow. the prince is third in line to the throne and the eldest of the three children of the duke and duchess of cambridge. good evening. the government has been warned it's multi billion pound scheme, to install smart energy meters in millions of

. >> spreads of widened. >> they are still relatively tight.re still at or five-year averages. despite rates going up, the conventional theory and simple numbers is when rates go up, if it doubles, spreads usually widened. they don't necessarily double. it's a proportional spread it. the opposite of that has happened. spreads have tightened over the last several years while rates a lot. the market is saying the opposite. >> you don't agree? >> no. most people are paid to earn yield. >> what is going to trigger the pullback in demand and a correction? >> what will trigger it? we are monitoring all the things on everybody's radar screen. emerging markets is another one. i suspect it's going to be like a boxer. you usually get knocked out by the punch you don't see. maybe there is another risk factor, trump in general. could there be another thing it lurking around the corner that could destabilize the market? i suspect it has something more to do with technicals. >> close to the economic fundamentals. >> the market has been too good for too long.

fresh investigations into the novichok nerve agent attack in salisbury — as wiltshire police widen theirpresident trump tweets his response to an alleged tape recording regarding a payment to a playboy model, saying he did "nothing wrong". police seize 1.6 tonnes of cocaine off the coast of cornwall as two dutch men are remanded in custody. also this hour — hundreds of people have attended a candlelit vigil in honour of the 17 people killed when a missouri tour boat capsized. nine members of the same family are confirmed to have died. one of the surviving members of that family spoke of her trauma. i was yelling, i was screaming. finally i said, "lord, just let me die, let me die." i said, "i can't keep drowning. ijust can't keep drowning." that's how i felt. coming up at 8:30... from mamma mia! here we go again to incredibles — mark kermode takes us through the latest releases in the film review: summer special. the government's scheme to install smart energy meters in millions of homes and small businesses across the country, has been heavily criticised by a group of mps. their report

syrian rebels say government forces are widening their offensive in the south west government and russian allied jets fired more than the eight hundred missiles at a stretch of opposition land in the countryside of kinetic that's four kilometers from the israeli occupied golan heights. well those are the main stories on al-jazeera my colleagues in doha will have more news for you in half an hour coming up next witness. on counting the cost why china wants an expanded economic role in the middle east we'll look at which countries are leading the way in innovation plus say for parents of course one of the world's most profitable and widely used killers goes on trial counting the cost on a. heap of the. in. the. audition with. the corruption that i want. you to move. if you brooke. do that although i know that now if you doubt. it for a minute or third if you're in charge of. since nineteen sixty nine i've been working with this new deron williams production but now i'm working in the cars. i remember my friend will go with two people and their man the guardians of the archives. where you vi

so if even only a minority of people are off of them then it widens our possibilities, it widens ourns. it's only seven years since the arab spring in tunisia and then in particular in egypt, with all of the popular street protests that were taking place. they were being described, particularly in egypt, as a facebook revolution. and there was this idea that social, don't just focus on facebook, but social media platforms generally were creating a new sort of discourse which was bottom up rather than top down, which was allowing people to bypass the normal centres of authority and power and control and create new communities, and therefore actually to empower themselves. are you saying all of that, just seven years on, is now gone? the situation is subtle and i'd like to describe it. what happened with the arab spring was authentic. however the problem is that the algorithms that are gathering data from people and then using that data to drive who sees what in their customized feeds, customized experiences, has to rely on the emotional responses of those people, how they become engag

fresh investigations into the novichok nerve agent attack in salisbury, as wiltshire police widen their. president trump tweets his response to an alleged tape recording regarding a payment to a playboy model, saying he did ‘nothing wrong'. police seize 1.6 tonnes of cocaine off the coast of cornwall, as two dutch men are remanded in custody. also this hour. hundreds of people have attended a candlelit vigil in honour of the 17 people killed when a missouri tour boat capsized. nine members of the same family are confirmed to have died when an amphibious vehicle sank on a lake in missouri. one of the surviving members of that family spoke of her trauma. i was yelling, i was screaming. finally, i said i was yelling, i was screaming. finally, isaid lord, i was yelling, i was screaming. finally, i said lord, just let me die. let me die. i can't keep drowning, i can't keep drowning. and coming up at 7:30, sportsday bring you a round up of all today's sporting action, including the latest from rory mcillroy in his third round at the open. the government's scheme to install smart energy metres

fresh investigations into the novichok nerve agent attack in salisbury, as wiltshire police widen their his response to an alleged tape recording regarding a payment to a playboy model, saying he did ‘nothing wrong'. two dutch men have been remanded in custody after border force police seized 1.6 tonnes of cocaine off the coast of cornwall. and nine members of the same family are confirmed to have died when an amphibious vehicle sank on a lake in missouri. kensington palace have released a new photo of prince george who turns five tomorrow. the prince is third in line to the throne and the eldest of the three children of the duke and duchess of cambridge. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the home affairs editor at evening standard, martin bentham, and the political commentator, jo phillips many of tomorrow's front pages are already in. the mail on sunday says three military jets — part of a fleet costing taxpayers £10.5 billion — are being used to fly holiday—makers to holiday resorts because the raf has no use for them

social democrats is widening so all the option that he actually put out are on the table at the moment and all the implications are quite grave and imminent so a very very critical day for the german government max with the very latest from munich i understand you have to hop up hop off rather to do some more reporting we could be devolved with the latest from berlin and rupert i understand that i'm going to see you a little bit later in the program but first we would like to take a look at what is fueling the rift over migration in the country because the hardliners facing down marco bay health from the state of bavaria along germany's southern border huge numbers of asylum seekers cross there at the height of the migration crisis back in two thousand and fifteen since then there has been a significant drop off but with an election upcoming the c.s.u. is looking to shore up its right leaning base with further controls at the border. spot checks at the german border with austria. and they could be stepped up if germany's interior minister gets his way. but already police control busy e

and that's why that gap has just widened and widened and widened in terms of what party young women affiliateth. starting even before donald trump became the republican nominee. this is a thing republicans have been facing for a long time. and it may come back to bite them in this midterm election. >> fascinating, i heard you say republicans assume that they might start off as democrats as they get older, they'll become republicans. that might be a risk they're taking these days. great to see you, kristen. great to see you, chris. thank you. >> thank you. >> thank you. >>> still ahead, don't interfere, speaking of midterms, with the midterms. that's the stark warning one republican lawmaker had for russia while meeting with russians in moscow today. details on that ahead. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com who's already won three cars, two motorcycles, a boat, and an r.v. i would not want to pay that insurance bill. [ ding ] -oh, i have progressive, so i just

to close higher >>> italian assets underperform with the spread between italian and german yields widening amid talk of internal government tensions in rome. >>> and skanska stock sinks as a writedown drives a bigger than expected decline in second quarter operating profits. >> we are not satisfied at all with the margin, construction margin we are underperforming overall we do have some good performance where we are at levels that we should be at we are underperforming in the u.s. operation >>> good morning there's not a huge amount of direction across european markets so far this morning. the stoxx 600 is very, very slightly trading below that flat line if we look at the individual markets, the major four indices, only the ftse 100 is in the green this morning the xetra dax is below the flat line in paris, the cac 40 is down in italy, the laggard, down a full percentage point at this point. let's look at the sectors driving some of those numbers, the auto sector, not a huge surprise given uncertainty out of the white house it's down 1% the other end of the scale, household goods and heal

over thousands of years torrents and the wind had widened the natural cleft of the rock and carved out a river bed the nabatean was diverted the river and turned its bed into a processional route appearing as if from nowhere our sign companion points the way ahead but we remain motionless rooted to the school. it's not a dream not an illusion through a narrow crack as if the secret were and willing to reveal the wonder work all at once our i behold is the cause for the treasury of the fair. the cosmic is a forty meter high monolith human out of a cliff face in one piece it's almost impossible to make out the figure of our companion in the acropolis stonemasons carved the magnificent façade from the shapeless rock with all the skills of sculptors behind the rose red columns a three high room was dark and empty they are tombs and a place where funeral rites were held but for which of the nabatean lives was this circle built. many questions remain unanswered. petra slipped into obscurity for hundreds of years then in eighteen twelve a european travelling through arabia dressed as an arab

now, the investigation has widened to examine the cases of 32 babies, between 2015 and the middle ofs morning, a woman who was described as a health care professional, was arrested on suspicion of murder. this morning, forensics searches began at her house in chester, which police have confirmed is related to their inquiry. a car was also being searched and items taken away for examination. neighbours on the same street woke up to the scene. i got out to go to work about 8:00, and the police were all there and i did not see many people that were there, and came back about half 11 and it was a lot more activity going on. we did not know until we drove that this morning, and saw all the police cars. saw the police cordoned, more than the usual number of police cars, the forensic van, so obviously something very serious. at the hospital, the medical director said that asking the police to look into this was not something we did lightly, but we needed to do everything we can to understand what has happened here and get the answers we and the families so desperately want. in 2015, the cou

sharing scandal involving british company cambridge analytic according to the washington post the widening probe now includes the securities and exchange commission the f.b.i. and the federal trade commission facebook has come under pressure after a whistleblower revealed that british company cambridge analytical had collected personally identifiable information of up to eighty seven million facebook users without their consent the data could have been used to influence voters in several countries. and prices for u.s. crude have jumped to over seventy five dollars a barrel for the first time since twenty fourteen that's after iran's president hassan rouhani suggested oil shipments from neighboring countries could be disrupted if washington forces all of its allies from buying uranium oil saudi arabia pledged to fire up its spare production capacity though and coordinate deliveries with other producers to balance the market opec and. non-o. producers agreed last month to boost output after reducing production last year to ease the global glow. now the white house says the car industry is on

trade dispute with china widen to encompass cars. we try to submit all our facts and participate in conversations about this and as long as the decision has not been made we will fight for free trade trade bodies and manufacturers are hoping for an amicable settlement with the u.s. after diesel gate the last thing they need is yet another deep pot hole in the road . germany's to some crop and india's tata steel have merged the european operations the merger is aimed at dealing with problems caused by the flood of cheap chinese steel swamping global markets. if this is really the key issue to move successfully for. global existed as if he had also cost tremendous additional imports into europe imports into europe all time high level which if only increased the price pressure on that material soon after the announcement time that he's in and said he would be stepping down as c.e.o. he's been embroiled in a dispute with the supervisory board over the company's future direction. a major shareholder and a u.s. hedge fund are pressing for

it could continue to widen.y: tomorrow, we will be getting the minute out of the latest fed a meeting. werexpectations there expectations for future rate hikes? absolutely. minutes become very important. saidowell has essentially all these things about she is saying who really knows what the level is or where we ultimately will be looking in terms of the rates. he said that just watch the incoming data. on friday theget payrolls. all that tells you that the data is still good. the fed will be on track. it comesd of the day, more sensitive to what the incoming data is and what earnings would do on friday. it will be the highest level in five years. yvonne: what does this mean for the pboc? is the central bank doing too much at the moment? >> they both have structural challenges. andas been in the pipeline continues to be in the works areas they have to manage a complicated business cycle. , the firstpeaking thing you learn is that if the u.s. is raising interest rates, you will have emerging markets to do somethi

setting up shop in european countries so right now the ball truly is in china's court when it comes to widening its street gates perhaps this could be the push the that they will need to finally make that happen just briefly how much does the trade dispute with the u.s. china china does stand to lose a good portion of their heavily reliant export market with many consumer goods assembled and reshipped out of china. to the u.s. so the terrorists will actually hurt the us more when it when china poses on those price hikes and to hang in singapore there for us thank you german pharmaceuticals and technology company map is stepping up its presence in china the company has signed deals with ali baba health open to technology center in shanghai and will open two hundred fifty million euro factory in the tong next year all these moves mark the company's three hundred fiftieth anniversary this year. it all started here with a pharmacy in dollar start that humble shop grew into what's now the oldest pharma company in the world and three hundred fifty years later still run by the founding merck family bu

including during this visit to europe or that china will continue to open wider and this includes widening market access to foreign investors and including foreign products just as long as chinese consumers like them need them and they're in good demand then we will continue to open up and step by step we will lower the overall import tariffs. maybe a positive message but german companies are somewhat skeptical of their new ally that's because many foreign firms still face competitive restrictions compared to their rivals in china trade associations say those the pediment are increasing rather than decreasing. can europe expect trades to pivot away from the u.s. and towards china unlikely says horseflesh will economist at the frankfurt school of fine it's. true some parts but not overall i seeing because it is a specific export of imports between the united states and germany and disk n.b. not compensated by china especially with regards to machinery but also to digital services and so forth and the force we have a different trading floor flow between chairman e. and china so only partly d

semiconductors because it failed to secure regulatory approval from china against the backdrop of wideningines are combined with a chinese demand to change how they refer to taiwan. china instructed 44 international carriers plus other companies not to refer to taiwan as a non— chinese territory. moving down to australia and television broadcaster nine says it has purchased fairfax media in a deal worth 1.6 billion us dollars. joining a slide from sydney is simon atkinson. how significant is this media deal in australia? it's caused quite a shock, nobody was expecting this announcement. it fell a couple of hours ago and it's been taken. titles like the sydney morning herald, the age, the australian financial review, a name that will disappearfrom financial review, a name that will disappear from the media financial review, a name that will disappearfrom the media landscape. this new combined company is going to be branded nine so a lot of journalists and formerjournalists who are bemoaning the loss of this historic name. what it really means isa sign historic name. what it really means is

but it's another blow for his title rival sebastian vettel who sees the gap between the two drivers widen again with less than ten races to go this season. the two miss avies drivers started at the front of the grid with championship leader lewis hamilton in pole position but the ferrari's showed good pace in practice and sebastian vettel in particular was desperate to make up points on hamilton and close the gap in the standings spectators were hoping for a tense battle at the hunger. but having some was as composed as ever on a sweltering circuit and while most eighty's perform perfect pitch stops ferrari cost vettel precious seconds a slow tire change put him a long way behind race leader hamilton. not force the german to take drastic action to avoid losing even more ground in the championship five laps to go he pulled off a risky maneuver to get hostile to rebox us and into second place ahead of them hamilton crossed the finish line comfortably in first it's the reigning champions fifth win of the season and it keeps the british drive on course for a fifth well title. race for us whic

the education secretary pledges to tackle what he says is a gap "thatjust widens."erve for seabirds in england has just got a bit bigger — as a special protection area on the yorkshire coast is extended. i a good evening and welcome. a teenager has been sentenced to 17 years in prison for an acid killing. 19—year—old general webster was fighting with another man in high wycombe when the acid he was carrying was knocked from his hand and hitjoanne rand — who happened to be sitting on a nearby bench. the nurse, and mother of three, died days later. general webster pleaded guilty to manslaughter. here's our correspondent jo black. it's a busy saturday afternoon in high wycombe and jo rand is sitting on a bench in the town centre. nearby, and right next to other shoppers and families, general webster is threatening another man with a bottle of high—strength sulphuric acid. the man panics and kicks the bottle away. it hitsjo‘s leg and she is sprayed with the liquid and as it starts to burn, she runs away to get help. moments later, webster goes and picks up the bottle of