did he say scott wants to stay in the european union? did he say that gibraltar wants to stay in the european union? did he say that london wants to protect its important position in europe? when are we going to get some leadership on this from the u.k. government or is he just going to stand by and watch england leave the european union and england declared independence from the rest of the united kingdom. >> yes, there is a meeting of the 27 other members of the european union this morning that that was always going to happen if we were going to make decision to leave because as we must prepare a negotiating position, they want to prepare their spirit of the thing is that caught off on a very reasonable, fair and constructive basis. what i featured the right honorable gentleman, i'm glad the first minister of scotland is having these meetings. it's always useful to meet and talk with european counterparts. at the end of the day, the best way we secure the best possible access for scotland in the single market is for the united kingdom

union instead of being sacrificial lambs of the european union. >> mr. carver wants to ask a question. go ahead. >> don't you appreciate you have spoken here about this great wooden tower but isn't in fact this great tower being built in this place on a bed of straw with it's two key foundations that we hear all the time? the two pillars that represent the european union. freedom of movement of the euro zone and yet the italian banks are on the verge of a bailout. we see it cannot work and the big issue here i would contend is contagion. you know in your heart of hearts that the people of the european union supported trade but they don't support political union. >> well i talk about the very poor behavior of some of the leaders in the u.k. especially the conservative elite that have played with wooden blocks and built a wooden tower and then knocked it down. the european union is not a toy that you can kick against the wall and then knock it down. >> colleagues, i don't know if boris johnson personally. i do know nigel and i have to say that i wasn't rea

of the european union. you mentioned you just finished a meeting with john kerry and the other members of the coalition. what do you thing is possible as you look at syria and iraq over the course of the coming here? how concerned are you that they might undermine the testament or the kind of role that was played? do you think we can get closer to effective collaboration with russia? or is that going to prove impossible to persuade russia to go toward the right transition. a lot of questions. >> you know, i think, difficult to say. one can be optimistic. that is not the way i -- try to deal with what we have and make the most of what we have. what we have in syria is complicated and difficult but it is a mission. i think it is the right one and working on three prior attacks and different actors of different roles. and this coming together as a targeted approach. it is a complicated situation. we have three elements. we have the military component where it is key u.s. and russia work as much as possible clo

to exit the european union. of course, one of the main tenets of the european union is you have to agree to free movement of labor, free movement of people from within the european union. and a lot of people in this country felt, and theresa may was one of them, that that needs to be controlled. that there was too much, too many people coming into the country. even though she herself campaign for the u.k. to remain in the european union, she says that now that the british public has spoken and wants to exit, brexit is brexit and that is what is going to happen. but she knows the finer points of immigrations. and you can expect her and her negotiations to work that issue, to find to -- to work to find a way to where the u.k. can still have access to the markets and still have some limits on immigration. if you want access to the single market, you have to let people come from within the european union union as they choose. shery: jean-claude juncker saying that europe and the u.k. must address the brexit situatio

we have tough debates in the european union. we have resistance, we have demonstrations, absolutely. but we have unanimous mandate from all 28 countries. and that commitment remains. and in the u.s., i know that there is a very intense debate on trade as well. but we have a strong support in the administration and from members of the congress on both sides of it. and even in these trying times for trade in this country, i have noticed that the focus is not on ttip, but mainly on tpp. i think people understand tpp and ttip are different issues, different parties. the european union is like the u.s. highly developed economy. it is the world's largest market. we have some of the world's highest regulatory standards. and the competition due to lower labor standards is also an issue with the eu. and we have strong protections for all kinds of intellectual property including biologics, and when people come to look at ttip in more detail, i hope the support will be there for the concessions needed. and also i think it is possible becau

i am talking about the european union. that we can do ourselves spirit we don't have to negotiate that with anyone it is a matter for us to decide. mark: philip hammond said the untangling process -- ex line lord lawson: -- process -- lord lawson: as i was saying before the break, there is a degree of uncertainty. uncertainty is never good for british business and economy. as soon as we can can get this -- as soon as we get this concluded, the better. i believe we have a huge opportunity but we need to get down to it. mark: corporation tax cut 15%. isn't that among the measures that businesses should get? would welcome? is alawson: i think it sensible indication of the direction of travel, yes. we want to have an economy which is friendly to business and enterprise. more importantly, cutting .orporation taxes any other problems with corporation taxes has emerged. the big multinationals can avoid do.ery easily, and they where is small businesses can't. it is a very unfair tax. scrapuld do better to corporation tax altogethe

countries for scott and remaining in the european union. what the prime minister thinks chancellor merkel for the interest of the members of her government and members of their interest in having scotland remaining in the e.u. and while she assured the chance or another had the stating government that we in scotland will do everything, everything necessary for us to remain in the e.u. >> i have to say because this is the line has been taking for some time. i do find it a little confusing given that only two years ago in the scottish referendum, the scottish national party was campaigning to leave the united kingdom, which would have meant live in the european union. thank you, mr. speaker. we all stand with the people of france and particularly nice following the terrorist attacks last week. will the dirt think of a security collaboration our countries could help prevent such attacks in the future and reassure the french people that although we are leaving the european union, the close links between our two countries will remain steadfast.

our membership of the european union and the u.k. membership and that is where we should take our negotiating services. >> thank you, mr. speaker. market traders make a huge contribution to our local economy. with that in mind about what my right honorable friend called with me literally thousands to stop council going ahead with its plan to all those three-day market. >> would join him in paying tribute to all the hard work market traders across the country have provided. i know how important these markets are. i hope the council will listen carefully to matt honorable friend's campaign to make sure the historic market is not less altogether. >> justin matters. thank you, mr. speaker. at the prime minister will recall my constituency is part of the referendum campaign. we voted to leave the e.u. to keep those jobs in this country. we recognize their responsibility but i would ask the prime minister if he can ensure it is early tax of general motors are given the reassurance needed that motor vehicles will be able to be exported to t

union into the union of europeans. that's why in the future, we have to get better at implementing the decisions we have made. peter: hannah cleaver, what do you make of that? [laughter] hannah: a lot of boring white men in suits, isn't it? [laughter] you do up on juncker, need to make a europe of europeans, and that is one of the very small grains of hope that actually came out of this brexit night and the days afterwards, was these young people who were demonstrating outside westminster. all the social media, it's temping to say it is rubbish, but this is how people communicate these days, how different social movements are born and continue. people were saying, they love the eu, and you can have eueuropeans,s, you can makake it exciting, it should be exciting. this is a europe that has done so much for so many people, and has really -- i mean, look at eastern europe, -- pulled a lot of people out of poverty, pulled people into this community of nations where european values, which sounds awful as a phrase, but actua

union into the union of europeans. that's why in the future, we have to get better at implementing the decisions we have made. peter: hannah cleaver, what do you make of that? [laughter] hannah: a lot of boring white men in suits, isn't it? [laughter] you do up on juncker, need to make a europe of europeans, and that is one of the very small grains of hope that actually came out of this brexit night and the days afterwards, was these young people who were demonstrating outside westminster. all the social media, it's temping to say it is rubbish, but this is how people communicate these days, how different social movements are born and continue. people were saying, they love the eu, and you can have europeans, you can make it exciting, it should be exciting. this is a europe that has done so much for so many people, and has really -- i mean, look at eastern europe, -- pulled a lot of people out of poverty, pulled people into this community of nations where european values, which sounds awful as a phrase, but actually is

union, if in essence, right, the european union has a democracy in which you have no parliamentary rite of initiative, you do not control decisions by the people. it is not a government by the people but for the people which is the flaw of the european union and i would argue even the economists trashed the european constitution in a prorominent issue so the media were also basically criticizing the european union and now do the so-called pop list because the system, the european system is not taking that very serious that we need to reform the -- or europe in a parliamentarian way. >> before we come back to all that and we will, i just want to rewind a little bit and go back to the actual election in the u.k., itself. young british voters were the focus of much attention before the vote. e.u.voted to remain in the by a large margin. turnout was low. let's begin in london to hear what they are saying. >> we are an internatitional ci and i am really proud of that. it might not be the cais in 100 years. >> i have a law degree with account anssi -- those are things i recognize and say i wa

we have tough debates in the european union. we have resistance, we have demonstrations, absolutely. but we have unanimous mandate from all 28 countries. and that commitment remains. and in the u.s., i know that there is a very intense debate on trade as well. but we have a strong support in the administration and from members of the congress on both sides of it. and even in these trying times for trade in this country, i have noticed that the focus is not on ttip, but mainly on tpp. i think people understand tpp and ttip are different issues, different parties. the european union is like the u.s. highly developed economy. it is the world's largest market. we have some of the world's highest regulatory standards. and the competition due to lower labor standards is also an issue with the eu. and we have strong protections for all kinds of intellectual property including biologics, and when people come to look at ttip in more detail, i hope the support will be there for the concessions needed. and also i think it is possible becau

union, if in essence, right, the european union has a democracy in which you have no parliamentary rite of initiative, you do not control decisions by the people. it is not a government by the people but for the people which is the flaw of the european union and i would argue even the economists trashed the european constitution in n a prorominent issue so the media were also basically criticizing the european union and now do the so-called pop list because the system, the european system is not taking that very serious that we need to reform the -- or europe in a parliamentarian way. >> before we come back to all that and we will, i just want to rewind a little bit and go back to the actual election in the u.k., itself. young british voters were the focus of much attention before the vote. e.u.voted to remain in the by a large margin. turnout was low. let's begin in london to hear what they are saying. >> we are an internatitional ci and i am really proud of that. it might not be the cais in 10 years. >> i have a law degree with account anssi -- those are things i recognize and say i w

and the alternative is a complete break from the european union. laura: now, your party and your former prime minister will be remembered as having brought to the united -- brought the united kingdom out of the european union. huge challenge and somewhat say causing huge damage to the united kingdom. what do you say to that? sajjad: well, i think one thing is absolutely certain, that by the united kingdom coming out of the european union, we have a weaker europe. and that is not in the interests of either the remaining members of the european union or the united kingdom. that is not something that david cameron or any of us that were in the remain cap ever wanted to see happen. ofrying the burden potentially having delivered that. laura: a i ask you, what are your personal plans now that there will be no longer any bridge numbers of the european parliament? sajjad: what i'm finding is that at this moment in time because the negotiating process, i'm finding myself in quite position in that we have to deliver this negotiating round and finalize which

vote to leave the european league -- the european union. here you have stocks how they have done since following the vote. as we know, it has hit records frequently in the last week or so. look at the groups on the move -- technology the best performing group. we see some rotation out of the defensive and into the more cyclical groups. on theft shares rising wake of the company's earnings reports that came in better than estimated. its cloud-based business did well and cisco is trading at its highest in nine a half years. facebook trading at a record. -- sharesings winners surging 15%. uniform maker of after earnings beat estimates and tupperware, raising its sales forecast. tupperware shares also rising. matt: what about outside of : we haveand mark julie been watching the dollar. over the past week, we have seen .9%.y gains here, up the same time, we have been watching oil closely. data shows the night -- the ninth straight decline in weekly inventories. we saw some volatility around that number but now oil prices are higher. the 10 year

most referendums but not european union referendums. if you look at other, referendums, towards the end there has always been a swing towards the euro skeptic cause. >> did david cameron have any option at all not to have this referendum? >> it would have been very difficult for him. this is one of those issues that politics forritish years. at some point, the british people had to be given a chance to express their own views in a fundamental and binding way. its was the moment that happened. it would have been difficult for david cameron not to do it. -- haveople said that the referendum but he could have campaigned in a different way. looked very somber. was he a sad man on the 24th of june? >> regretful. this is not how he wanted to go. he was being forced out of 10 downing street with a lack of the -- with a lack of decorum. this is the way british democracy works. he took the view that he had not gotten the confidence of the people and he had to go quicker than expected. he told me before the election that he wanted to serve a full

we should make the eu into a union of europeans. i think we should better implement the decisions we take. we cannot continue as before. i'm refused to revise everything. i agree with those who say that now is not the time, not yet for deep institutional reforms. i agree with those who say that now is not the time to revise the treaties. what we need to do is continue to go with the long-term projects which we now need to -- what we need to do -- we should accelerate reforms if and when we need them. when it comes to brexit, i have no desire whatsoever to repeat what i said last week in theory. i will just note that the brexit heroes of yesterday are now the brexit heroes of today. [applause] >> those who have contributed to the situation in the u.k. have resigned. johnson and others. they are, as it were, retro-nationalists. they are not patriots. patriots do not resign when things get difficult, they say. [applause] mr. joker: that is the reason we're waiting for the british notification for -- mr. juncker: i cannot believe they n

to remain a part of the european union. he lost that referendum. 52% of the public voted to exit the eu. as a result, he lost his job. this is very emotional. even though he did not reveal in the speech. at the bucket -- at buckingham palace, he will be greeted by the queen. it is not very long. it is just half a mile from the car. we are joined here in the studio with tom keene. the parallels between theresa may and margaret thatcher -- tom: i think that's what's coming. now that we see the prime minister making arguably the most famous trip in politics. i guess there is the presidential inauguration and the print -- the trip down pennsylvania avenue, but there is extraordinary pageantry that takes you back to may 79. the washington post talks about theresa may's pragmatism. the idea here is how will she be as per minister? does she come out of the blocks strong? that she surprise the nation like margaret thatcher? incredible.een one would assume that she had put her team in place. because that is how long the conservative

country for scotland remaining in the european union. will the prime minister thank chancellor merkel for the interest of the members of her government and of the bundestag in having scotland remain within the eu? will she assure the chancellor and other heads of state and government that we in scotland will do everything that is necessary for us to remain in the eu? prime minister may: i have to the right honorable gentleman that this is a line he has taken for some time. i find it a little confusing, given that only two years ago in the scottish referendum, the scottish national party was campaigning for scotland to leave the united kingdom, which would have meant leaving the european union. >> thank you, mr. speaker. we all stand with the people of france, and particularly nice, following the appalling terrorist act there last week. will the prime minister update the house on how the security collaboration between our two countries can help to prevent such attacks in the future, and reassure the french people that although we are leav

one story you told us about the european union and what's been happening in the european union and the other side is migration and the way those two things converge. i thought i would start by asking couple questions about just how you assess that liberal democratic commitment in post-world war ii order because you give us an account was the last 10 years of represent a crisis that crisis has been driven by financial crises and aggression on the russian part and this minor crisis which leads to unraveling. you also tell us that the numbers and the scale of migration that came to european shores was highly manageable. had there have been a the political will and had there have been the resources even if you didn't say that that's something one could reasonably argue. with the economy that collectively the european union has one could imagine a rational way of addressing something like that without treating it as another crisis in the way that was treated and without having to panic projection. it seems to me there might via deeper set of explanations for the crisis that europe is facing

as has artie confirmed how scotland is able to remain in the european union. did prime minister discuss this when she met with nicholas surgeon when she was in edinburgh and will she do everything to ensure that remain means remain for scotland? >> can i thank him for his judgment and the, that he made. the recognition that he shows us he supports my husband philip. we all rely on support from those around us to do our job and we should never forget that. i did discuss the arrangement in relation to the negotiation for the united kingdom pleading -- leaving the eu. i was pleased that my first trip to scotland and i was able to do that so early in my premiership as i have been clear, the union is very important to me. i'm also clear with the first minister that i think there is some ideas put forth that are impractical but i'm waiting to hear the options and we will be engaging fully with all the involved administrations. >> germany has the highest level of support of any continent for scotland remaining. minister thank chancellor merkel and the members of our

s membership in the european union, was about more. it was an antiestablishment vote against london, against privilege, against you leaders on. . think -- against eliteism i think what we are seeing is her attempts to address that in addition to saying -- though she did not talk about it -- you will get your exit from the european union, but i hear you -- this is what she was channeling -- i hear what you're saying about social justice. >> breaking news from the bank of england. 0.5%. a slim majority expecting a rate cut. 0.25.o it did not happen. rates unchanged at 0.5%. they stay where they have in. the purchase program remains at 375 billion pounds. the headline for me is unchanged. >> they are saying we don't have enough them are mentioned to make a decision at this stage. some suggest at the beginning of august we could see a rate cut. it was 8.1. that speaks for itself. >> was at the bank of england back, what stop them from pulling the trigger? .> the communications thing the three-week wait until august is not very long. it giv

they might be dragged out of the european union. there is a lot of fear in the united kingdom. >> we know she had overwhelming support in parliament but there was a lot of talk that the overall membership in the conservative party may have given 51% to andrea letson. what does that tell us about what the public thinks about theresa may? >> in the conservative party, they were fairly even when you have the latest polls and i think andrea letson really -- she didn't really want to that and this is why theresa may once very much a strong majority of these. she has the power to govern. what the rest of the country thinks of her, we not -- might not find out so soon. for now, that's not on the table. >> arts correspondent in london with a story every day. from the country and political transition to one and political chaos tonight, south sudan's leaders have called on rival factions in the military to stop their fighting. it comes after a day of violence in the capital. troops loyal to the president have clashed with those belonging to h

union -- the european union. there is so much expectation. this is probably the understatement of the year. there is so much expectation on what governor kuroda will do at the near -- at the end of the week the pound. this get to bloomberg first word news with caroline hyde. caroline: welcome back, francine. finance chiefs from the world's biggest economies escalating concern about sentiment. a meeting in china, members of the g-20 discussed renewed efforts to use this go -- christine lagarde said there was a consensus that more news to be done for shares to benefit from growth. bruised 10omber has people at a music festival in germany. the attacker was a syrian refugee had been denied asylum. he was allowed to stand the country because of the danger of returning home. an 18-year-old iranian german gunmen -- verizon is set to buy yahoo!'s core assets for $4.8 billion. the announcement could become before trading begins today in new york. the deal is said to include yahoos real estate assets with some intellectual properties to be sold separat

cheered out, but leaving a country divided over the european union. to go,ore he intended and his party divided, too. almost as speedily as the riders,cle out the new prime minister swept into her job. not elected by her party or you or me come the last few weeks has propelled theresa may much quicker than she expected to achieve her fight ambition. accepting the queen's invitation to run the country. this is a big first introduction. >> i've just been to buckingham palace, where the queen has asked me to form a new government. and, i accepted. following the referendum, we face a time of great national change. i know, because we are great britain, we will rise to the challenge. as we leave the european union, we will forge a bold, new, positive role for ourselves and the world. we will make britain a country that works not just for a privileged few, but for every one of us. that will be the mission of the government i lead. together, we will build a better britain. correspondent: a leader who hopes for calm, but may surprise. the events will no doubt

remaining in the europeanes union. so what the price minister thinks gensler for the interest of the members of her government in members of their interest in having scotland remain within the eu and will she assure the chancellor and other heads of state anda government that we in scotland will do everything that is necessary for us to remain in the eu. >> i have to say to [shouting]th because this is a line he has been taking for some time. i do find it a little confusing that only two years ago the scottish national party was campaigning forte scotland to leave the unitedh kingdom which would've meant leaving the european union. >> think you mister speaker. we all stand with the people of france and particularly niece following the terrorist act there last week. will they update the house on how the security collaboration between our two countries can help prevent such attacks in the future and reassure the french people that although we are leaving the european union the close links between our two countries will r

british towns that voted to leave the european union may pay a high price for their choice. and the upcoming u.s. political conventions: why the rules matter so much. next on pbs newshour weekend. >> pbs newshour weekend is made possible by: bernard and irene schwartz. judy and josh weston. the cheryl and philip milstein family. the john and helen glessner family trust. supporting trustworthy journalism that informs and inspires. sue and edgar wachenheim, iii. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support has been provided by: and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios at lincoln center in new york, lisa desjardins. >> desjardins: hello and thanks for joining us. the police chief in dallas is convinced that mass shooter micah johnson was plotting additional attacks. chief david brown today pointed to weapons, explosive materials, and a jou

the european union that i consider to be a union of values, obviously at that point when dealing with refugees did not show any common values. you can see if you go through the different governments of the european union today to find common sense at least for go to the history of the european union whenever there was a challenge they hammered out a compromise sometimes a native rebellion happy but still it was a compromise. the european union has also developed him during a out a compromise but we were still far away in for me that is the biggest challenge if you permit me bigger than the refugee crisis itself with the war tore incontinent with the european union is a period of peace. and though those core elements to the day common immigration policy it is impossible every country has its own ideas and whoever arrives will just have the window shopping and point number two even though it isn't popular cover we would have to construct a robust package so we have to protect against anything else we would have a coordinated integration even as governments and political forces but the s

lauren: they wanted to stay in the european union. lawmakers will narrow the field to two candidates and at adobe for entire party membership. the winner is set to be announced september 9th. nicole: more fears over the olympic games in rio. authorities tried to locate a former guantÁnamo prisoner believed to have entered the country illegally after disappearing from uruguay. the syrian national was released in uruguay about with five other former guantÁnamo inmates in 2014. it is not certain where he is now. uruguay's government that he has crossed the border into brazil. they have no record of him enter into legally. he spent 12 years in guantÁnamo. the olympic games are due to open in rio de janeiro on august august 5th. current toxin may have used a fake passport. lauren: let's get you caught up on global market action overnight. mostly down errors in japan could the nikkei down 1.8%. the hang seng in hong kong down 1.2%. the coffee and south korea down 1.85%. the shanghai at the third of 1%. >> at 20 or government anya goes ne

decided to forever change its relationship with the european union. the outcome of the vote was tight -- 48 %said they wanted to remain in the european union while 52% chose to leave. the so called brexiteers edging out the vote by a narrow lead - a decision that had and will continue to have tremendous consequences. here, we go to cornwall, which had a clear leave majority, mainly due to its fishing industry. for decades, local fishermen felt threatened by eu fishing restrictions and regulations, which they feel caused a decline of their industry and livelihood. now they hope for a brighter future on these unchartered waters. reporter: these people in cornwall are celebrating their traditional summer festival, not the brexit. they don't let politics spoil their good mood. everyone has good reason to raise a glass, whether they won or lost the referendum. 56% of the people in this remote area on britain's west coast voted to leave the e.u. that's more than the country's average. in the harbor town of newlyn, the fishermen in particular resent brussels

union instead of being sacrificial lambs of the european union. >> mr. carver wants to ask a question. go ahead. >> don't you appreciate you have spoken here about this great wooden tower but isn't in fact this great tower being built in this place on a bed of straw with it's two key foundations that we hear all the time? the two pillars that represent the european union. freedom of movement of the euro zone and yet the italian banks are on the verge of a bailout. we see it cannot work and the big issue here i would contend is contagion. you know in your heart of hearts that the people of the european union supported trade but they don't support political union. >> well i talk about the very poor behavior of some of the leaders in the u.k. especially the conservative elite that have played with wooden blocks and built a wooden tower and then knocked it down. the european union is not a toy that you can kick against the wall and then knock it down. >> colleagues, i don't know if boris johnson personally. i do know nigel and i have to say that i wasn't rea

the extrication of britain from the european union which will be the test of the first term. about philip hammond. >> i don't think he is going to be a great performing chancellor. mostsurprised you the burns,ohnson were always not even in the cabinet. those will do. johnson was and continues to be the big surprise. it is a very interesting choice. not have been surprised if she had given him nothing. the one thing she could have that all these havecult launches, you have your shot. i am here and i'm going to fix it. done, youaid was well one, you fix it. eric: in australia and japan this week, the him -- incumbent leaders appeared to strengthen their leadership. whether the film -- political games will transfer to their tracking economy. >> australian stocks look at games as martin trimble claims of election victory a week after the polls close. votes are still being >> it does. the australian electoral commission is not going to declare a final tally until july 15 when the deadline closes for postal votes. the government has been returned with the slim majority. we take a l

voted to leave the european union last month. the gathering takes place as the italian government looks to recapitalize banks. we are in brussels with the latest. they are talking tough on italian banks. that's because not all of them think should be bent for italy to recapitalize banks. italy was to protect bondholders as it capitalizes those banks. the rules that came into effect this year say if you're going to do that, they have to share in the burden. italiansl say is the are working hard on this. they want to get a deal done by the 29th of this month. that's an ecb comes out with its result of the stress tests of the italian banks. if they think it's not owing to be good. they want to get something set up and it answered that. there could be a run on the banks. there are talks between the eu and italy about somehow protecting those on holders. it's not going to happen today. vonnie: this strikes me as ireland number two. protectthey so keen to bondholders? very italy is a interesting case. these bondholders are retail inves

written's vote to leave the european union. a seriesies -- vonnie: of investigation at ericsson led to unease. and nintendo plunging in tokyo by the maximum amount of 18%, we will look at why the company says the financial and if it's on the pokemon go craze will be limited. have a look at how european equities are trading. we are 30 minutes away from the close here. the global macro movers, you will see norway down, denmark, 1% lower. the stoxx 600 was .8% lower. been drifting downward and we have moved into negative territory. are coming off the back of two weeks of gains, the longest winning stretch since may 27. is 1.3%he stoxx 600 below the close. some interesting corporate group say a rank joint takeover of william hill benefitsmpanies see for their in-store and online operations. william hill said it received a preliminary approach from these two companies but it was not clear if this would enhance their position in the industry. 5.3%. up by phillips reporting better than estimated profits and says earnings will improve

the european union launched a new legal battle against google, abusing itsof position in the online ad market. they say google is hindering rivals by limiting their ability to price -- place search ad websites.ompetitor thesebelieve that all restrictions, they allowed google to protect its very high market share for search advertising. they hindered competition. they also stifled choice and innovation, to the detriment of consumers. u.s. bank byargest assets has reported stronger-than-expected second-quarter earnings. net revenue at j.p. morgan rose to $25.2 billion, up from the same period last year. growth was also higher within the consumer banking and investment banking divisions. the bank's chief executive said he wanted to do something about wage inequality in the united states. over the next three years, jamie dimon said he will raise the pay of some 18,000 staff. japanese tech giant nintendo has seen its shares go through the roof in recent days as the new is gainingn go" popularity. it ended the session up 16% in tokyo. the app's success looked likely to become -- continue as

theresa may voted to remain in the european union. she is expected the put in as chancellor in place of george osbourne, phillip hammond, who voted to remain in the european union. if she puts in as foreign secretary, for example, another remainer, then the brexiteers, the people who campaigned and voted to get britain out of the european union, are going to be suspicion of her motives. and everything that she does from now on will be looked at through that e.u. in or out spectrum, rosemary. that's the problem. >> she has a few problems ahead for sure. on the other side of politics, jeremy corbin won the right to be on the labor party leadership ballot. >> last night, jeremy corbyn won the agreement of the executive that he doesn't have to have 50 m.p.s backing him, to resist the leadership challenge of angela eagle. jeremy corbyn is confident that when the vote goes out to the country, he will have the support of many of the activists that will have the key say in this. he got 60% of them last september. one thing that may work in hi

union until the moment we leave and then we were made all members of the european union. we will continue to participate in what is called cs cp, missions and drawing from those missions and the missions we have contributed to. >> my question is once britain leads the e.u., presumably we will no longer -- [inaudible] >> i'm afraid what is happening now, the opposition in the future we participate in these missions because there is a british national interest in these missions. we want to be good europeans. we have a trading interest in suppressing piracy off the horn of africa. for example, we have a very strong interest in trying to curb illegal migration from the african growth into europe. we have an interest in this particular missions. we have invested at at least one member of this committee knows in bringing peace to the balkans. we have an interest in making sure that e.u. mission is successful. so i don't myself see the british interest in some of these missions diminish. now of course we won't be members of the european union. we will certainly have a national i

has been pronationallisms, anti-immigrants and anti-european union. having won the cam spain to separate from europe, nigel went back to the european union to extend a hand of friendship. >> nigel farage welcomed with boos to the e.u. parliament. >> i would like to see a grownup and sensitive attitude on negotiate ago different relationship. i know virtually none of you have ever done a proper job in your lives. (booing) you know, when i came here 17 years ago and i said i wanted a leave campaign to get britain to leave the european union, you all laughed at me. well, i have to say, you're not laughing now, are you? >> trevor: what a whacko. that's what this was all about, revenge? well, you're all not laughing now, are you! you realize britain still needs the e.u. for trade. once the brexit is official, they decide whether your economy lives or dies, your future is in their hands. like telling your surgeon you slept with his life weight before you go under. careful what you put inside me, doc. by the way, i can tell you who i wasn't careful inside. a

union. >> the european union is in mortal danger. shery: initial market turmoil worries investors. >> absolute uncertainty. >> there is a lot of uncertainty. >> uncertainty is the enemy. shery: does big pharma have a prescription for brexit side effects? it is all straight ahead on "bloomberg best." ♪ shery: hello, and welcome. i am shery ahn. this is "bloomberg best," your weekly review of the most important business reviews, analysis, and interviews from bloomberg television around the world. this week has been all about digesting last thursday's u.k. vote to leave the european union. on monday, the market moved in uncertainty, and nowhere else were things more uncertain than in britain, with the leadership was thrown into chaos. nejra: it is interesting what the next step will be, because logically the next step would be for the u.k. to trigger article 50 and actually start those negotiations on leaving the eu. actually, other governments in europe are not expecting david cameron to do that when he needs other eu leaders on a me

s membership in the european union, was in some ways about a lot more. it was an antiestablishment vote. it was a vote against london. it was a vote against privilege. it was a vote against elitism. i think what we're seeing is her attempts to address that. in addition to saying -- though she did not talk about it in the speech, you will get your exit from the european union. but i also hear you. i think this is what she was channeling -- i hear what you are saying about social justice. >> some breaking news in the bank of england. rates unchanged. 0.5%. ratem majority expecting a cut the coming down to 0.25%. rates unchanged at the bank of england. 0.5%. they stay where they have been since march 2009. the asset purchase program remains where it was at 375 billion pounds. >> what they are saying is we don't have enough information to make a decision at this stage. some are suggesting in the beginning of august we may see a rate cut coming through. it was 8-1. that speaks for itself. washat do you think it pulling them back this time around? >> closely a

s membership in the european union, was in some ways about a lot more. it was an antiestablishment vote. it was a vote against london. it was a vote against privilege. it was a vote against elitism. i think what we're seeing is her attempts to address that. in addition to saying, though she did not talk about it in the speech, you will get your exit from the european union. but i also hear you. i think this is what she was channeling -- i hear what you are saying about social justice. >> some breaking news in the bank of england. rates unchanged. 0.5%. a slim majority expecting a rate cut the coming down to 0.25%. -- to come in down to 0.25%. , rates unchanged at the bank of england. 0.5%. they stay where they have been since march 2009. the asset purchase program remains where it was at 375 billion pounds. the headline number for me, unchanged. >> what they are saying is we don't have enough information to make a decision at this stage. some are suggesting in the beginning of august we may see a rate cut coming through. it was 8-1. that speaks for itsel

government now, leading those negotiations with the european union as to how the u.k. exits and what kind of relationship it will have with them going forward. a brand-new ministry that they will be heading up. they don't even have a building yet. the post has never existed before. he's also going to be surrounded by a few other people who clearly have a role in it comes to negotiations. philip hammond will be the champion of the exchequer, the british finance minister now. is to makemost job sure that in those negotiations they do everything they can to maintain access to the single markets in europe. that's very important for this country. surprise,son, a huge the foreign secretary who will have a role in origin that new position in the world. matt: obviously the remaining 27 members of the eu want written to hurry up with article 50 and get the process going for exiting. it is britain's best interest, clearly, i think, to put the process off for as long as possible, letting the anger down the little bit before they try to get something else out of it. this is all ha

. >> united kingdom will not be the last member state to leave the european union. >> the european union is in mortal danger. shery: initial market turmoil warn investors. >> there is a lot of uncertainty. >> uncertainty is the enemy. shery: does big pharma have prescription for brexit side effects? it is all ahead on "bloomberg best." ♪ shery: hello, and welcome. i am shery ahn. this is "bloomberg best," your weekly analysis of interviews from bloomberg television around the world. this week has been all about adjusting last thursday's u.k. vote to leave the european union. on monday, the market moved in uncertainty, and nowhere else things uncertain than in britain, with the leadership was thrown into chaos. nejra: it is interesting what the next step will be, because logically the next step would be for the u.k. to trigger article 50 and excellence start those negotiations on leaving the eu. actually, other governments in europe are not expecting david cameron to do that when he needs other eu leaders on a meeting and tuesday. what he wants is some kind of plan for what happens next