what does this mean for rupert murdoch's considerable media interests ? murdoch's considerable media interests? today is mixed feelings for the murdochs, on the one hand they will be relieved they have been deemed fit and proper by 0fcom to own a broadcasting licence but there seems to be lingering worries despite assurances about excessive power and control being in the hands of one family. rupert murdoch is not as powerful as he used to be in britain, his newspaper circulation is in decline, they didn't get the result they wanted in this election, and powerhouses like amazon, netflix and powerhouses like amazon, netflix and facebook means there's competition for the likes of sky. rupert murdoch is a divisive character so this is over to the authority which will take months to look at the bid which means for the time being fox is stuck in the grass. the family of the last person to die from injuries sustained in the hillsborough disaster have told the bbc they're hugely disappointed that his death has been excluded from the newly—announced manslaughter

said she is minded to refer rupert murdoch's 21st century fox ta keover refer rupert murdoch's 21st century fox takeover of sky to the competition watchdog. the decision isa competition watchdog. the decision is a blow to the media mogul‘s hopes of having an £ii.7 is a blow to the media mogul‘s hopes of having an £11.7 billion deal waved through without further scrutiny. the uk's accountancy watchdog — the financial reporting council — says its begun an investigation into the auditing of bt‘s financial statements. it's in relation to the company's italian division. in january, bt wrote down the value of its italian unit by £530 million after years of "inappropriate behaviour". there's been almost a 10% fall in the number of cars produced in the uk. the society of motor manufacturers and traders said that over 136,000 new cars were built in may, 9.7% fewer than the same month in 2016. let's get more on the implications of the decision by culture secretary karen bradley over the 21st century fox bead to complete its takeover of sky. the culture secretary said she is minde

rupert murdoch's son? yes, he would be the chairman of sky and the 100% owner of sky because he's the chief executive of 215t—ce ntury of sky because he's the chief executive of 215t—century fox which would be the owning, holding companies and he would be running it. whether it is appropriate in terms of corporate governance for somebody like him who is alleged to have been involved in covering up extensive criminal wrongdoing at the news of the world. alleged. it is alleged. innocent until proven otherwise. yes, we want the truth. you may rememberand otherwise. yes, we want the truth. you may remember and your viewers will, the leveson inquiry was set up to look at this, one part was going to look at this, one part was going to get the truth, had to be delayed until after criminal trials, which is right, you do not want it public and to make those trials unfair. this secretary of state sitting in judgment on this bid has delayed the second part of that inquiry and has announced an intention to stop it

rupert murdoch pioneered satellite tv in britain. after transforming our newspaper market, his move into pay—tv nearly 30 years ago with sky made him the country's first multimedia mogul. thank you very much, mr styles. six years ago, he withdrew his bid for full control of the broadcaster because of the phone hacking scandal, which led to the closure of the news of the world. on the question of whether the merger... today in parliament, it was concerns about his power and influence that led to his latest bid being referred to the competition watchdog. ofcom's report is unambiguous. it concludes, "the transaction raises public interest concerns as a result of the risk of increased influence by members of the murdoch family trust over the uk news agenda and the political process with its unique presence on radio, television, in print and online." here is why the murdochs are so desperate for this merger to be approved. digital giants like amazon and netflix are pushing another revolution in viewing habits by investing billions in pr

the deal would give rupert murdoch total control of the broadcaster. and dame katherine grainger, the incoming chair of uk sport, says she has "huge concerns about athlete welfare". i think there is huge concerns, without a doubt, no one is pretending there isn't. good morning. it's thursday 29th july. i'm annita mcveigh. welcome to bbc newsroom live. a retired court of appealjudge, sir martin moore—bick, will be appointed to lead the public inquiry into the grenfell tower disaster. the news comes as police say at least 80 people are believed to have died in the fire, but they don't expect to be able to confirm the final number for at least another six months. this morning the prime minister theresa may released a statement on the appointment of sir martin moore—bick to lead the inquiry. there's also been a statement from thejudge himself, sir martin. with me now is our legal affairs correspondent clive coleman. first and foremost, the families of the victims and this virus, they will want to know more about who this man is —— and the survivors

it has been a disappointing day for rupert murdoch. his company 21st—century fox was to take over the broadcaster sky. today the government said it was minded to refer the whole matter to the government watchdog. this is our media editor. they will be pleased and relieved they have been deemed fit and proper by the broadcasting regulator ofcom to own a broadcasting licence. but there are lingering worries about excessive power and control being in the hands of one family. but rupert murdoch is not as powerful as he used to be in britain. his newspaper circulation is in decline. they did not get the result they wanted in the election and the rise of powerhouses like amazon and facebook means they face competition. rupert murdoch is hugely controversial and divisive and it is being returned to the competition regulator and for the competition regulator and for the time being rupert murdoch‘s fox is in the long grass. in a few minutes we will hear from richard conway who is in dusseldorf for the start of the tour de france. i will giv

but first: we start with a big day for this man, media tycoon rupert murdoch. he may be 86 years old, but his empire—building ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky, or whether to order a full investigation. so what is at stake? mr murdoch's 21st century fox already owns 39% of sky. the price tag for full control — $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region, but some claim it would give mr murdoch too much control of media here in the uk. it is not the first time he has tried to take over sky. his company news corporation abandoned a bid in 2011, following the phone—hacking scandal involving its newspapers. this year a new scandal, sexual harassment allegations at fox news in the us, has led to calls for the latest deal to be blocked by the uk regulator, ofcom, something our media editor amol rajan asked mr murdoch about when he caught up with him in new york last month.

we feel rupert murdoch has too much power over our politics. he's a very dangerous man and we need a full investigation of everything to do with the murdochs, before we hand him any more of media. and so a takeover bid that was first proposed seven years ago is still not settled. but for the murdoch family, sky was their creation. it almost bankrupted them in the ‘90s, before they turned it into the success of today. the battle is still very much on to finally make it theirs. david sillito, bbc news. britain's household energy bills — and carbon emissions — have been kept in check by eu rules on energy efficiency, but a new report warns that both could rise unless ministers implement new policies to save power. the committee on climate change says the uk needs to move quickly towards developing plans to keep emissions down. ministers say they will come forward with a new policy in the autumn. here's our environment analyst, roger harrabin. we have more and more gadgets all the time. tvs are bigger. many homes have multiple screens. 0ur ch

we start with a big day for this man — media tycoon rupert murdoch. he may be 86 years old, but his empire—building ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky — or whether to order a full investigation. so what's at stake? mr murdoch's 21st century fox already owns 39 per cent of sky. the price tag for full control? $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region. but some claim it would give mr murdoch too much control of media here in the uk. it's not his first takeover attempt. his company news corporation abandoned a 2011 bid following the phone hacking scandal involving its newspapers. this year a new scandal — sexual harassment allegations at fox news in the us — has led to calls for the latest deal to be blocked by uk regulator ofcom. something our media editor amol rajan asked mr murdoch about when he caught up with him in new york last month. report, bbc, are

murdoch end up plurality, would rupert murdoch end up owning too much of it? the second is the commitment to broadcasting standards, editorial values. the third was whether they are fit and proper. these three criteria have been looked at by ofcom, they have submitted a report to the government, and karen bradley now has nine days to decide whether to approve this deal or whether or not to say it needs further regulatory thinking. what is your sense of the political climate around this? do you sense that opposition has increased or decreased? the election result was what rupert murdoch's newspapers were hoping for, although they wanted her to have a majority, rather than a hung parliament, and the sun and the times were very keen on that result. if we had a labour government, they would be more opposition. the mood music i am picking up is that they already owns 39%, huw, and for there to be regulatory intervention, the application would be that 100% ownership would be a problem when 39% is not. who knows? at the news events of the last six months, anyone woul

this is really a character test for rupert murdoch. jonathan: whether he is a fit and proper owner and whether the deal will hand him too much media clout. ukulele -- the u.k. declining. stocks up .9% on the session. the big story in the united states, financials leading premarket trading this morning after every lender past the stress test for the first time since 2008. the fed told think banks they have more than enough capital and lenders unveiled how they are trying to generate interest. jpmorgan the nation's largest lender says it is boosting its and mayy dividends 12% increase repurchases to 19 4 billion over the next 12 months. simon, that is quite a big number for some of these banks. were you surprised by the numbers? >> certainly surprised. it has been a pretty tough year with the trump trade being priced out of the united states it's nice to get some positive news. jonathan: people are trying to figure out if this is a sadder story. hurdles to get that overweight financials trade. >> we see another fed rate hike. the economi

we feel rupert murdoch has too much power and he is a dangerous man. read a full investigation before we hand him any more of our media. and so a takeover bid that was first proposed seven years ago is still not settled. but for the murdoch family, sky was their creation. it almost bankrupted them in the 90s before they turned it into the success of today. the battle is still very much on to finally make it theirs. david sillito, bbc news. time for a look at the weather prospects. good afternoon a pretty miserable afternoon across scotland with heavy and persistent rain as you can with heavy and persistent rain as you can see with heavy and persistent rain as you can see her, it is creeping its way westward into northern ireland. we're so have light rain and drizzle across some parts, it is windy as well which has brought a real chilly field to things. this evening and overnight, it stays largely dry, might seea overnight, it stays largely dry, might see a shower or two and a lot of cloud in london and norwich, it is going to be a wet start today and w

rupert murdoch is not as powerful as he used to be in britain. his newspaper circulation is in decline, he did not get the result he wanted in this election and the rise of powerhouses like amazon and facebook means they face competition in skye. this is now over to the competition and markets authority and they will take months to look at the bid which means by the time being rupert murdoch's fox is stuck in the long grass. the most extensive study to date on the impact of pesticides on bee colonies has been released by scientists. the investigation has concluded that the chemicals — which have been under a temporary ban in europe since 2013 — are harmful to both honeybees and wild bees. 0ur science correspondent rebecca morelle explains. 0ur bees are in trouble. around the world, these vital pollinators are vanishing. now a major new study has revealed the role of pesticides called neonicotinoids. the chemicals were used extensively for oilseed rape until a temporary ban in europe in 2013. neonicotinoids really change the way we use pestici

we start with a big day for this man, media tycoon rupert murdoch. he may be 86 years old, but his empire—building ambition seems to be undiminished. today he finds out whether the uk government will let him take over pay tv giant sky, or whether to order a full investigation. so what is at stake? mr murdoch's 21st century fox already owns 39% of sky. the price tag for full control — $15 billion. sky is one of europe's biggest broadcasters, with 22 million customers. the deal has already been cleared by countries across the region, but some claim it would give mr murdoch too much control of media here in the uk. it is not the first time he has tried to take over sky. his company news corporation abandoned a bid in 2011, following the phone—hacking scandal involving its newspapers. this year a new scandal, sexual harassment allegations at fox news in the us, has led to calls for the latest deal to be blocked by the uk regulator, ofcom. more details on that in just a few moments. as we have been reporting all week, it has been 20 years since the

the government leading to the further review of rupert murdoch and the deal between walgreens and rite aid also part. is a potential appeal and replace of obamacare remains up in the air. we will talk to the woman who helped implement the law, former health and human services secretary kathleen civilian -- kathleen is our guest today. we are 30 minutes away from the end of the session. stocks falling for the sixth day as investors continued to digest what has been a heavy week for central bank commentary. look at all these currencies rising against the dollar today, the pound continuing after those hawkish comments from governor mark carney. yesterday, the rising yields continued. we got some data today, euro area economic confidence jumping to the highest level in a decade just two days after bronte confounded investors desk mario draghi confounded investors by offering -- suggesting there is room to -- he called for prudence and patients. business confidence in germany -- ing the governing council next to me to set policy on july. most economists do not expect a change in stance befo

in other news: making headlines, rupert murdoch will find out later today whether he is closer to securing takeover target sky. murdoch‘s 2ist is closer to securing takeover target sky. murdoch‘s 21st century fox offered $15 billion to buy the rest of the network, reigniting a row over whether the australian—born businessman has too much influence. turning to aviation and india‘s cabinet will privatise air india. a committee will be formed to decide the details including the size of the details including the size of the government stake to be sold. the debtladen carrier has struggled to become profitable due to growing competition from low—cost rivals. and as we have been reporting all week it has been 20 years since a financial crisis or a three stage. while regional currencies were tumbling malaysia went against conventional wisdom, tumbling malaysia went against conventionalwisdom, implementing capital controls and sparking an outcry from the international financial community. in the short term this helped lessen economic damage but what about the long—term? christine hart m

and the culture secretary says she is "minded to" refer rupert murdoch's 21st century fox takeover of sky to the competition watchdog. good afternoon and welcome to bbc news. sir martin moore—bick — the retired judge chosen to lead the public inquiry into the grenfell tower fire — says it's unlikely its remit would be wide enough to satisfy all survivors. sir martin promised a "vigorous inquiry‘ that would look at the problems surrounding the start of the fire and its rapid development in order to prevent this ever happening again. after meeting with residents this morning — he said he understood their desire forjustice and that he would produce an interim report "as early as possible". critics say residents should have been consulted. 80 people are now presumed by police to have died. here's our correspondent richard lister. the family and friends of tony disson gathered for his funeral today, a short distance from grenfell tower where he died. with an estimated 80 dead, there will be many more such funerals. looming over them, questions about why they died, who was to blam

british regulators raised concerns that billionaire fox owner, rupert murdoch, would have too much control over the u.k. media. the deal will be b examined by britain's regulators. shares rose to $28.19. >>> mccormick said acquisitions and new product demand helpeded the company report higher than expected revenue. also came in ahead of forecast, but the company slashed gints for annual operating share. and that sent shares lower by 3% to $95.36. and the semiconductor maker micron technologies said cost cuts and improved prices of memory chips helped sales grow. the company also beat earnings ek peckations and gave guidance for the current quarter above forecasts. the shares were flat but ended county 2% 31.47. >>> after calling kin etic in home for more than 160 years, aetna is is relocating to new york city. the move comes at connecticut faces budget deficit problems. the insurance giant says it plans to retain thousands of employees at its hartford campus, pu that could change down the road depending on the state's economic health. >>> new york city apartment prices ghit a new high. acc

to you and the other billion in the media owners and rupert murdoch. and that is the vote of confidence not in terms of journey. but it also stands out to you as the mainstream media. rapidly coverage of this. good afternoon from. the queen and prince william visiting people affected by the terrible fire that. engulfed. and then a charity single initiative from an on the record conservative music mogul honestly . believe. chills it sounds beautiful beautiful absolutely.

will rupert murdoch's takeover plans for the pay tv giant be cleared for lift—off, or grounded? plus: ringgit rebellion. they saw off the speculators and the imf, but 20 years on from the asian financial crisis, did malaysia's risky strategy really pay off?

rupert murdoch should find out today whether his own 11.7 pound bid for buy skye is likely to go ahead. it comes six years after a previous attempted the u.k. culture secretary is expected to tell parliament what she intends to do about the takeover. h&m says it will be to markdown clothing prices after a 2017 -- surge in inventory as first-half sales missed expectations. pre-tax profit rose to 7.71 swedish krona. the company says it plans markdown's with the aim of giving the autumn season the best possible start. mark: prime minister theresa may will face of further testify minority ministration as labour seeks to introduce elements of its own manifesto. pushing for britain to keep the benefits of the e.u. single market and customs union but falling short of calling to retain membership of both. the amendment comes ahead of the final vote of may's queen speech scheduled for later in the day. can't speak today, is with us as well. simon, thanks for joining us. she has overcome one hurdle. will she overcome more as well? smimon: she has a suspected working majority of 13 with the dup.

the culture secretary has told mps she is minded to refer rupert murdoch's bid to take full control of sky television to the competition authorities, because of concerns about media plurality. mr murdoch already owns 39% of the satellite broadcaster. an earlier attempt to take over sky was abandoned in the wake of the phone hacking scandal. the culture secretary, karen bradley, told the commons that the merger would increase the murdoch family's ability to influence the uk's news agenda and political process. as a result there were clear grounds to refer the deal to the competition and markets authority. on the question of whether the merger gives rise to public interest concerns in relation to media plurality, ofcom's report is unambiguous. it concludes, "the transaction raises public interest concerns "as a result of the risk of increased influence by members "of the murdoch family trust over the uk news agenda and "the political process, with its unique presence on radio, "television, in print and online. "we consider that these concerns may justify reference by the secretary "of st

murdoch report given to the culture secretary in the past twenty four hours very interesting again media power and of course today's queen's speech what you think of all of those paragraph eight of the queen's speech. that's important than the fact that we're not to have any paragraphs next year and the reason may's desperate effort to stay afloat she's now decided to have bought might she might as well because the queen doesn't get a visit next year because this queen's speech is going to last two years but the terrorism a does or not will probably come back that happened when you were an m.p. not once there was a longer session once or twice when just the business of iran but not for these reasons this is because she doesn't want to be pulled down next year when for all we know she'll be right into a minority government maybe lost a few byelection and with corbin and his chums biting at her feet for downing street will return to britain in a second let's go straight to the morning star and your first paper yes the first headline is this as you say from the morning star did undercover p

if 0fcom approves the takeover, rupert murdoch's company would assume total control of the broadcaster — a deal which has been cleared by european commisision competition authorities. 0pponents believe the deal would give murdoch too much power in the uk media. families of those killed at hillsborough in 1989 have supported the decision to prosecute six men including former police officers after 96 liverpool football supporters died as a result of overcrowding at the fa cup semi—final. last year new inquest concluded the fans have been unlawfully killed. the national crime agency says it's becoming increasingly concerned about violent albanian gangs which it says are exerting "considerable control" over the uk drug trafficking market. the agency says corruption among staff working at ports and airports is a "key vulnerability", making it easier for gangs to smuggle in drugs. our home affairs correspondent danny shaw has more. 0n on their way to make an arrest on a north sea ferry. earlier this year the national crime agency thwarted a huge drug smuggling operation. police. can you

a major setback for rupert murdoch, the u.k. government is pushing back on the media's tycoon -- -- $20ntury fox $20 bill billion bid will undergo scrutiny. the government is concerned by the murdoch family. coming up, blue apron makes its public debut we discussed the new start up's journey. and "bloomberg technology" is livestreaming on twitter. this is bloomberg. ♪ the apron madef their public debut thursday, but stock wase a -- the literally unchanged, after the company lord is -- after the company lowered its ipo price. company gavevery it a market value of $2 billion. eric joins us from new york and still with us, david kirkpatrick. what happened? >> a good bit of this has to do with amazon/whole foods. looking at the trading today, the fact that it was acting unchanged, a closed at $10 a share with some aftermarket trade that nine dollars $.95 below the ipo price. there is a bit more convinced her -- a bit more investor concern. right now, they are sitting at a $1.9 billion market valuation. if i am an investor, i am lo

murdoch report given to the culture secretary in the past twenty four hours very interesting again media power and of course today's queen's speech what you think of all of those paragraphs eight of the queen's speech. that's important than the fact that we're not to have any paragraphs next year and the reason may's desperate effort to stay afloat. she's now decided to have bought might she might as well be because the queen doesn't get a visit next year because this queen's speech going to last two years military reason may does or not will probably come back to happen when you were an m.p. no not once there was a longer session once or twice when just the business of iran but not for these reasons this is because she doesn't want to be pulled down next year when for all we know she'll be right into a minority government maybe lost a few by elections with corbin and his chums biting at her feet for downing street will return to britain in a second let's go straight to the morning star and your first paper yes the first headline is this as you say from the morning star did undercover po

., prime minister theresa may is rolling back on rupert murdoch's fox sky entertainment. the country is concerned about media plurality. h&m is forecasting at least way 5% growth in online sales this year. the clothing retailer reported increased estimates. inventories.n they plan to clear out excess by marking down prices this summer more than last summer. ofbnb is planning a new tier vacation rentals -- mansions and penthouses. the rentals will face inspection to maintain quality standards. earlier this year, airbnb acquired canada's luxury retreats. that is your latest bloomberg business flash. note,and on a programming tune in on july 4, bloomberg july 4, alix steel, carol massar, and matt miller will host live from boston's historic esplanade. i will be back in london by then. i will have to get up in the middle of the night to watch it. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. anna: i am anna edwards. we see a vote taking place in the house of commons in the u.k. this is theresa may. will they be able to get their legislative ag

executive chairman rupert murdoch's takeover of sky. british officials calling for british investigations after the media secretary found the $15 billion bid could give the murdock family coverage over the media. it feels like this has dragged on for years i thought they would get a go-ahead in ireland. how much of a surprise and setback was this >> we heard they might refer it to the competition market authority. basically another regulatory scrutiny period. it's going to take about six months before we finally have clarity. as you say, this has been going on for a long time it will be more than a year actually by the time we finally learn the fate of this deal. whether or not it's going to go ahead or not. >> is this really about market power, or is this about politics >> i think it's really about politics we just had an election in britain. it was pretty inconclusive the ruling party, conservative party didn't have enough seats to form a government had to do a deal with a smaller party to get a working government it's not popular at

a major setback for rupert murdoch, the u.k. government is pushing back on the media's tycoon's-- media attempts to take over. 20th century fox will undergo scrutiny. the government is concerned by the growing of the murdoch family. coming up, blue apron makes its public debut we discussed the new start up's journey. and "bloomberg technology" is livestreaming on twitter. this is bloomberg. ♪ of blue apron made its debut thursday. literally unchanged by the end of the session. this, after the company lowered its ipo price to $10 a share from an original range of $17. they had a market value of $2 billion. joins us our reporter from new york. and still with us, david kirkpatrick. alex, what happened, and how much has to do with amazon and good food -- whole foods? >> you saw that big price that happen before these shares priced at to the $10 level. looking at the trading today, the fact that it was unchanged, it closed at $10 a share with an ninemarket trade at $9.95 below the ipo price. there is a bit more investor concern. ri

the government leading to the further review of rupert murdoch and the deal between walgreens and rite aid also part. is a potential appeal and replace of obamacare remains up in the air. we will talk to the woman who helped implement the law, former health and h

. >> rupert murdoch's attempt to land the major media was a set back 21st century fox's $15 billion takeover of sky needed to be scrutinized by competition authorities. now that could mean a delay that would force fox to pay a special dividend for failing to get the deal done on time. >>> and a new report from blue cross and blue shield shows a 65% increase in doctor prescribed opioids between 2010 and 2016 and medical claims for opioid abuse spiked 500% during that time period. >>> you're up to date. that's the cnbc news update this hour back downtown to you, carl >> sue, thank you. >>> get the european close >> all right so european stocks extending the daily losing streak to three now on track for the worst day in nine months. sectors most sensitive to higher interest rates are taking a hit on hawkish comments from central bankers. now the euro jumping you can see the highest levels of the year surpassing $1.14 that surge began tuesday when the ecb president's remarks on inflation were interpreted as opening the door to scaling back stimulus today you also got some data showing euro-zone

if we wind back a few years, rupert murdoch's company bid for full control of sky in 2010—2011. it was derailed by the phone hacking scandal. another, it is 21st century fox that wants full control of sky. they own 39%, so this is about getting up to 100% and what the culture secretary did before the election, she referred it to ofcom, the regulator. one was media plaourlality. and another was about commitment to broadcasting standards and there is the whole issue of whether or not the murdochs are fit and proper people to own the licence. what happened today is that ofcom have concluded their reports. they have submit it had to karen brady and she said let us know by next thursday what she is minded to do. she has an option to delay this further, putting it into phase two of the regulatory test with the competition and markets authority. people think it is likely to go through. but, it is too early and given the news agen darks i wouldn't wa nt to given the news agen darks i wouldn't want to be the first person to say! the murdochs have their critics, shall we say, there are a

rupert murdoch has pursued control of the sky and has now learned he will have to keep waiting. parliament wants further scrutiny of 20th century fox's offer for sky. controls the times and the sun newspapers. japan buyers are heading back to the market with what may be a bargaining chip. tokyo was the freedom to resell gas when they have more supply they needed. mayfree trade commission violate antitrust law. oh. up next we are looking head to china's manufacturing area economic growth may have already peaked. 8:30 in the city of hong kong. we prepare the 20th anniversary of the handover to china area >> in new york, you are watching daybreak asia. let's get to the first world news. president xi jinping is offering a soft touch on his first day in hong kong during carefully managed events. he says that the city is in his heart and the government will support the development. ties and hed closer is unlikely to meet any critics face-to-face. protesters are cap behind police lines. while the white house has defended the tweet criticizing a television host and made widespread criti

if we wind back a few years, rupert murdoch's company bid forfull control of sky in 2010-2011. it was derailed by the phone hacking scandal. n0w it is 21st century fox that wants full control of sky. they already own 39%, so this is about getting up to 100% and what the culture secretary did before the election, she referred it to 0fcom, the regulator. one was media pleurality. and another was about commitment to broadcasting standards and there is the whole issue of whether or not the murdochs are fit and proper people to own the licence. what happened today is that 0fcom have concluded their reports. they have submitted it to karen brady and she said let us know by next thursday what she is minded to do. she has an option to delay this further, putting it into phase two of the regulatory test with the competition and markets authority. people think it is likely to go through. but, it is too early and given the news agenda, i wouldn't want to be the first person to say! the murdochs have their critics, shall we say, there are a lot of people who will say that this is, if it do

rupert murdoch, the wall street journal, and sinclair broadcast. my point is this is a difficult thing, but the problem in the legislation -- i think there's consensus on the things david said, but it goes to the question of the residual power of government in a ill-defined and changing world. that is a hard canyon to get over. randolph: less than a minute. >> i agree with layer -- blair. my biggest pushback is net neutrality is not the only issue where congress would legislate and an administrative agency would be -- responsible for enforcing. legislation and regulation has worked in this country for 100 years is congress does the best it can to , and if something needs to be fixed, you go back to congress. that's what we are doing now. i've never heard of a catchall that basically gives the regulating agency the authority to override what congress has legislated under the guise of future proofing to statutory standards. we've got 100-year-old system of legislate, regulate, and when you need to fix it, come back to congress. that's all that i'm ad

rupert murdoch, "the wall street journal," and sinclair broadcast. my point is this is a difficult thing, but the problem in the legislation -- it goes to the four things. there's consensus on the things david said, but it goes to the question of the residual power of government in a ill-defined and changing world. that is a hard canyon to get over. >> less than a minute. i agree with blair. my biggest pushback is net neutrality is not the only issue where congress would legislate and an administrative agency would be responsible for enforcing. the way legislation and regulation has worked in this country for 100 years is congress does the best it can to legislate, and if something needs to be fixed, you go back to congress. that's what we are doing now. i've never heard of a catchall country for 100 years is that basically gives the regulating agency the authority to override what congress has legislated under the guise of future proofing to statutory -- the statutory standards. we've got 100-year-old system of legislate, regulate, and when you need

tom watson is suggesting it's been suggested to him, that rupert murdoch was the man who has been lobbying to get you back on the front bench. the thing about tom who is deputy leader of the labour party has a role in initiating political mischief, sees rupert murdoch's can find everything. he thinks he picks the england cricket 11 and the first 15 rugby as well is deciding who is on britain's got talent. we think this is part of the course for tom. you're back on the front bench at a time when your party is in perhaps the worst trouble we have seen the conservatives in for some time. the worst trouble we have seen the conservatives in for some timelj think it's important to get the general election in context. the conservatives got 40% or more of the vote. but... just a second. you say that but your leader called an early general election specifically because she wanted an increased mandate to organise brexit talks. she did not get that.|j mandate to organise brexit talks. she did not get that. i was trying to give a balanced approach but you wa nted to give a balanced approach but you wa

let me tell you who else's view might change, rupert murdoch and sinclair broadcast. so my point is that this is actually, i think, a difficult thing, but the problem in the legislation doesn't go to the four things that i think david said. i think there's consensus on it. it really goes to this question of what's the residual power of government in a very ill defined changing world and i think that's a hard canyon to get over. >> i can promise less than a minute. >> okay, go. >> obviously a agree with blair that that's where the rub is. and my biggest pushback to that is that net neutrality is not the only issue where congress would legislate and administrative agency be responsible for enforcing. and the way the legislative procedure act, the way legislation and regulation has worked in this country for 100 years is congress does the best it can to legislate the administering agencies the best it can to regulate, and if something needs to be fixed, you go back to congress. that's what we're doing now. i've never heard of a catch-all that basically gives the regulati

. >>> and rupert murdoch's takeover of sky to a long investigation after finding the $15 billion deal risks giving the media mogul too much power over the news agenda regulatorshave given fox until july 15th to propose new concessions that would allow the deal to go through. >>> and police near dallasspen the morning clearing a fiery interstate crash which included catching loose pigs on the highway. a semitruck carrying a load of pigs flipped over and burst into flames the driver was okay. i'm not so sure about the future of the pigs, however that is the news update at this hour ty, back to you. >> i was just thinking that ways -- they don't have an icon for that >> no, they don't. they will soon now that you suggested it >> pigs on the road ahead. >> major or minor? >> that's just hog wild. sue, thank you. >>> markets are around session lows as we watch the bigger selloffs in recent months. the dow and s&p leading the way. nasdaq up more than 2% right now. a little bit more. s&p falling below the 50-day moving average and now negative for the month of june. let's check back in with

with these 22 million subscribers across europe, james murdoch, the son of rupert and chairman of sky, thinks that the family empire can continue to grow. the murdoch family obviously have traditionally been very powerful in newspapers, but of course what has happened in the last few years is that newspapers have become steadily less and less influential. we are now moving into a world where newspaper circulations are falling steadily and more and more people are going to get their news from places like google and the social media companies and they are the new media giants. as i have said to a number of other witnesses... but the murdochs are nothing if not divisive. alleged victims of their tabloid papers argue that the second stage of the levenson enquiry, which promised to scrutinise james murdoch's corporate leadership, but was dropped in the tory manifesto, is needed before this merger can go through. it is in the newspapers‘ interests not to have the other part of the leveson, they don't want their dirty washing out in public, they don't want us to see the double—dealing. f