Area of low pressure linked with the low pressure area of low pressure linked with the low pressure across area of low pressure linked with the low pressure across iceland, giving some exceptional weather, potentially two metres of snow and hurricane full swings. It is very wet and windy, severe gales are probably the top for us. You can see a band of rain, a cold weatherfront which will enhance the rain through the rest of the afternoon. Winds gusting widely to a0 or 50 mph, a steady gale, another to bring down some trees and affect high sided vehicles. Those gusty winds along the weather fronts combine, making some pretty atrocious conditions through the rest of the afternoon and evening. A consolation prize is it is relatively mild, but a brief relatively mild period, because this cold weather front has colder air behind it, so the rain plays this evening and overnight, showers into the north and west in particular, the north and west in particular, the winter enough to prevent a fi
C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s
There is never a right time to go in politics but you can leave it longer than you should. Extinction rebellion, the climate protesters, win at the high court as judges rule that police were wrong to ban their protests in london. We report on the events of 30 years ago in berlin when the wall came down in a Popular Uprising against communist rule. And a good night for spurs, as they take on Red Star Belgrade in the Champions League. And coming up on sportsday on bbc news, double olympic champion nicola adams retires from boxing at the age of 37 over fears she could lose her sight in one eye. Good evening. Borisjohnson has launched the conservative Election Campaign, hours after visiting Buckingham Palace to meet the queen following the dissolution of parliament. He addressed supporters this evening after a day which saw the resignation of one of his cabinet colleagues. The welsh secretary, alun cairns, stepped down because of his links with a man whod sabotaged a rape trial. Our Politi
Yesterday, a headline said china planning to surprise trump and negotiators with a last minute plan for phase one to remove september tariffs this has never been talked about. Delaying future tariffs was the most we were going to agree on trump was getting traction because of the bite. This has never been on the table. China will get it done then i read it today it said these are now part of the negotiation. The way it was cast is that it was almost like an appeasement or throwing in the hand. Is it negotiations or are we backing down the deal is likely to get done each side wants to say we got what we wanted now, if that happens, the markets will be like that. Thats the big question, does the market care if it comes without any teeth. Do they just want a truce and no more ramped up sort. For phase one, do they want to give up what they were working to force them out of the table. I think what the market is really looking foreGoing Forward is if you are going to continue conversations.