The companys cfo told this show sterlings weakness in the wake of brexit was hurting fares. Sterling has weakened quite significantly. Thats having an impact on the fares. The draghi put weighs on on the euro as the currency loses ground against the dollar after the Central Bank Boss says stimulus measures need to stay. An extraordinary amount of Monetary Policy support, including through our forward guidance, is Still Necessary for the present level of underutilized resources to be reabsorbed. Good morning, everyone. Its tuesday, glad youre with us once again here in the uk, especially after that Long Bank Holiday weekend. Some of you maybe were stranded at heathrow given the woes there. Lets talk about European Markets first. Were seeing the ftse 100 under pressure off by a half of a percent. The xetra dax eking out a modest gain of 7 or 8 points. Cac 40 off by 0. 6 . Ftse mib extending yesterdays declines off by a similar percentage. When it comes to sectors, banks are under a fair
Or do you know . Guest there will be difficult decisions and we need to go through every part of the welfare budget but we believe as we save 20 billion in welfare in this parliament we will be able to find a further 10 billion in welfare savings. Let me give you some more examples. We will cut the welfare caps no family should get more than 26,000 pounds a year in welfare and reduce debt to 23,000. We think that is the right thing to do. When it comes to young people, younger women need schools. They should be either earnings or learning or doing an apprenticeship looking at higher education. They should not be able to go straight home to Unemployment Benefits and housing benefits. All of these things, changing welfare is not just about saving homes but trying trying to host you talk about transparency but dont tell us what you are going to do. Let me ask you a simple thing about Foreign Policy. What is your biggest Foreign Policy disaster . Guest other people i am sure will highlight
Were not going to break but will have a quick shift of seats where he will talk to us for a few minutes and have a few questions. He is a white House Counsel he was assistant councilman to the Clinton Administration formally a partner at kirkland and ellis. We are very pleased to have him with us. The president appointed this commission and we are happy to have you here. Thank you very much bob and ben into the policy center for this. I always say whenever i see bob its clear that i wouldnt be white House Counsel without bobs support and there are many days i thank him for that and some days i curse him for that. Its great to be here next to bob. Thank you very much for that kind introduction. Its great to be here today. This is a matter an issue of importance to me and it is a matter of significant importance to the president and everyone in this room. First i want to take this moment to thank the partisan committee for taking the initiative to support the president s initiative to ad
Democratic leader harry reid announces morning that he will not seek reelection after five terms in the senate. He released a video statement this morning that reads and part, this accident has allowed me to have a little bit of downtime, i have had time to ponder. As a result, i will not run for reelection. Heres a look at a portion of the video where he talks about his plans for the remainder of the term. Senator reid this accident has caused us for the first time to have downtime. I have had time to ponder and think. We have to be more concerned about the country, the senate, the state of nevada than us. As a result of that, i will not run for reelection. Dont be too elated, i will be here for 21 months. You know where i will be doing the same thing that ive done since i came to the senate. Some news that schumer could become the new leader. Lisa mascaro tweets, senator reid says that schumerdurbin worked it out. He also gives notable shout outs to murray, saying, shes a champ. A lo
Prime minister, in a few months. I will be 79. I remain proactive in the community. I am passionate about the provision of care for the elderly and i feel that we should be treated with dignity and respect. Would you, Prime Minister, consider it appropriate to appoint a cabinet minister for older people, one who would show empathy with older people . Mr. Cameron thank you for your advocacy of these issues that do really matter. Providing dignity and security in an old age after a full working life is something we need to do. The benefits will continue for everyone. I asked this question the other day, should we have a dedicated Older Persons representative . I will think about it but i am worried on this basis. I dont want older peoples concerns to be restricted to one person in the cabinet. I want every one of my ministers to be thinking how we treat Senior Citizens correctly i want to make sure our Education Ministry is thinking about continued education. I want to make sure that our