Sweeping changes, more than half the candidates have quit or have been sacked. We will be like in westminster with reactions and analysis on our correspondence. Also coming up in the programme. The show down in washington as a special counsel has clarified his report on Russian Election meddling and the president s conduct. Do you exonerate the president was blue no. By exonerate the president was blue no. By President Trump treats no obstruction, calling the hearings a disaster for democrats. Well be on capitol hill with the latest on Robert Mullers testimony. Boris johnson has been Prime Minister forjust a few hours and hes already made some of the Big Decisions that will shape his government appointing his cabinet. Two of the top jobs went to sajid javid hes taking on the role of chancellor of the exchequer, which is known as the finance minster in other countries and dominic raab hes the new foreign secretary. This is their reaction. I am hugely humbled to take on this role at this
We start with amazon, because the Online Retail giant has revealed another set of mind boggling sales figures. Ceo jeff bezos says efforts to make one day delivery the norm for prime customers are paying off with accelerating sales growth. Shares have fallen though as investors were disappointed with how little profit amazon is making on all that business. Lets show you the details. Amazon made revenues of 63. 4 billion in the three months to the end ofjune. That was up 20 on the same period last year. But only around 2. 6 billion of that was profit less than investors were hoping. And its forecasting profit could be lower in the current quarter. Amazon has been spending heavily 800 million in the past three months alone to try and offer one day delivery on more products. Ceo jeff bezos says its now available on 10 million items and that is boosting sales. But amazon is facing growing pressure over its sheer size and power. Its facing antitrust investigations in the us along with the o
We start with facebook it may be facing growing pressure from regulators over the way it runs its business but that doesnt seem to be putting off users or advertisers. The worlds Biggest Social Network got a big like from investors on wednesday after a strong set of results with shares jumping in after hours trade. Lets show you the details. Facebook made revenues ofjust under 16. 9 billion in the three months tojune 400 million more than expected. Thats up 28 on this time last year. The number of people using its Services Including instagram, whatsapp and messenger at least once a month hit a new record of 2. 41 billion people up 8 per cent on this time last year. Those numbers come despite the storm of controversy around the company. On wedesday the federal trade commission confirmed that facebook has accepted a record 5 billion fine for privacy violations involving the Data Collection firm cambridge analytica. Facebook has also confirmed its among the online digital platforms now un
Irans says its an act of piracy. In libya, reports that guards shot at refugees as they tried to flee an airstrike on a Detention Centre. This as fears that up to 80 migrants may have drowned as another boat sinks off tunis. Were live in washington as the tanks prepare to roll for President Trumps Independence Day parade. And this 3,000 year old tutankhamun bust has just fetched 6m at auction but egypt claims it was stolen. But first, it could the storyline to a highly charged action film british commandos board a supertanker in the dead of night and seize a shipment of iranian oil bound for syria. Thats exactly the situation thats playing out right now prompting iran to summon the British Ambassador to tehran it happened here, in the strait of gibraltar. Its believed the grace i vessel was carrying two Million Barrels of iranian oil and taking it to the bani yas refinery in syria. This of course is in violation of European Union sanctions. Heres more from our defence correspondent jon
Is on the road to recovery. Joining me now is kathleen brooks, Research Director at the stockbrokers xtb. No great surprise the bank didnt decide to make a move on rates. The forecast is still later in the year but it is interesting when we look at how those members of the mpc voted, we get a sense of what could happen next. Voted, we get a sense of what could happen next happen next. Absolutely, the two members that happen next. Absolutely, the two members that voted happen next. Absolutely, the two members that voted for happen next. Absolutely, the two members that voted for a happen next. Absolutely, the two members that voted for a hike i happen next. Absolutely, the two | members that voted for a hike last month and for the last five months before all the other members, or most of the other members, were voting to remain on hold, they moved to the other side so they are no longer looking for rate hikes, so that has made the path to cuts much easier on the market has made a huge s