This is bbc news im lukwesa burak. The headlines atjust after six. Jeremy corbyn has quashed an attempt to oust tom watson as the deputy leader of the labour party a row which has overshadowed the start of the partys conference in brighton. Im particularly disappointed with the boss of momentum because i think he is not just the boss of momentum because i think he is notjust undermining me, he has undermined jeremy and the party, and frankly i think he has undermined the momentum delegates. Iran reacts defiantly in response to the us sending troops and Missile Defence systems to saudi arabia and the uae after last weeks attack on saudi oilfacilities. The travel firm thomas cook has approached the government for emergency funding, as it tries to avoid going into administration leaving customers facing uncertainty. Teenage climate activist Greta Thunberg arrives to cheering crowds at a youth summit on Climate Change in new york ahead of the Un General Assembly next week. And in football,
Like it or not, we are big spenders and big borrowers, too. Now look at this. Boris johnson is the new Prime Minister of great britain. In a gracious victory speech, he said he would complete brexit, unite the country and beat the socialist jeremy corbyn. Hes the first to admit he has an uphill struggle but hes got a sense of humor and reminds me very much of donald trump. More on boris coming up for you. Look at this. Stocks going up again this morning. A series of Solid Earnings reports are clearly helping. Two dow stocks, cocacola, united technology, they are standouts. Obviously helping the overall average. Profits across the board are strong. Stocks also getting help from the budget deal. The governments not going to run out of money and they can borrow. The dow is going up triple digits, about 100 points. S p up 11. Look at that nasdaq, up 33. Thats close to a half percentage point gain. Summer doldrums . Not here. Varney company is about to begin. Stuart a little time with me. I
To find out whether those that it owes money to will throw them a lifeline or claw the money back at any cost. Steinhoff may not be a household name to you. Let me give you a bit of background. Its origins are in the furniture business in germany in the 60s. But its now a global giant, with brands across europe and the us. Alarm bells were ringing last week when it failed to publish its financial results. What we did learn is that its grappling with a seven billion dollar hole in its finances. Little wonder that the regulators are now taking a look. The value of shares is down 80 since the news broke, as investors stampeded for the exit. The scandal has claimed the scalps of both the chairman and the chief executive. Those that gave the Company Money to help it expand are now exposed lerato mbele has been following the story from johannesburg. Lerato, this is a huge corporate scandal, lots of people are saying this is perhaps the biggest thing we have seen on thejohannesburg stock exch
Have great admiration and respect for. We are keeping america safe and President Trump is completely capable of working alongside as an leading us in that effort. Spencer joinsrd Industry Leaders to discuss new innovation and technology. This was part of the Reagan National Defense Forum at the at the reagan president ial library in simi valley, california. This is an hour and 15 minutes. [applause] hello, everyone. Good morning. Its a beautiful day, such a beautiful place and a very important time for many, many reasons. We are here today to talk about the challenges that the Defense Industry and our government of thes a result pressure from wall street. How does that Quarterly Earnings report affect the ability of our government to innovate and protect us. Question and an important question with lots of ramifications for years to come. Here to discuss this and attack this problem, we have the executive director of era Space Investments jpmorgan. He is the wall street guy who is basic
Mps have also begun an entirely into the way carillions pension deficit has been handled. And steven sack cui has been handled. And steven sack cur speaks to the actor and activist ashleyjudd, that is in half an hour here on bbc news. Good afternoon. Welcome to bbc news. Welcome to bbc news. The Us National Government has officially shut down, a year to the day after Donald Trump Took Office as president. Senators had failed to agree a stop gap budget amid a bitter dispute President Trumps republicans and the opposition democrats over immigration and border security. The impasse will affect hundreds of thousands of federal workers, but essential Government Services will carry on. The recriminations have already begun. David willis reports from washington. 50 and the naysli49. 50 and the naysmb. Vote was well short of the majority needed, the last hope of avoiding an embarrassing government shut down, had failed. Three fifths of the senator not having voted in the affirm tiff the motion