Thanks, simon. We begin this hour with trading troubles in the market. The three big areas were focusing on macro, fundamental and technical, and dominic chu will lay out the bull and bear case for each. Dom . Theres strong and theres a lot of them on both sides of the equation. Sure. Lets talk about the macro Bigger Picture scale first. First of all, you have at least whats perceived to be some economic strength or resiliency. Maybe not robust growth. Still, in the eurozone and the u. S. , yes, i know the eurozone is stepied at best and may be slipping back to recession but its holding in there and the u. S. Holding it better than most economies out there. Thats kind of the bullish case if you want to see it that way. Take a look at china though. Slowing growth there. Growing faster than any of us out here, but, still, that slowing growth may be a huge case for the downside of chinas economic woes really deepen as the market it your miles condition. Lets take a look at whats happening
Rig count at 1 00 p. M. Eastern time. Our road map begins with a big set back for Prime Minister may. Yesterdays snap election ending in the Hung Parliament. What does it mean for the looming brexit talks . Plus, stock futures are pointing to new records as investors shake off that political turmoil in the uk and back here in washington, d. C. And complete vindication, thats the take away from the president on the testimony by comey but the reality may be a bit murkier. Well talk about that. But first, the uk is the lead. Mays conservative party lost the majority after the election. Resulting in a Hung Parliament meaning no party has the 326 seats that are necessary for an outright majority. May had called for the snap election in the hope of strengthening her hand in brexit talks after her meeting with the queen, the Prime Minister spoke about forming a Coalition Government. What the country needs more than ever is certainty. And having secured the largest number of votes and the grea
Interesting and the opportunities are so great because we are finding new audiences and new ways of delivering music. Artists are finding new ways to connect with fans. All of that is great for music. We want to bring alex beyers of politico to this conversation. Alex cary, it is 2015. It has never been easier for someone to record music at home or maybe at a small studio. To use thirdparty services to get uploaded to spotify or a platform like that. Do we still need record labels at this point . Will we, in 10 years, as technology continues to develop . Cary when the internet first started becoming the new development, people thought that the era of labels might be over. Why would you need them, when, in fact, artists can go directly to their fans . I think the conclusion now is that labels are more important than ever, because everybody who wants to be an artist, actually has the opportunity to be online and put their work out there and try to find an audience. As a result, there is
Do it on pcs, you can download individual tracks, individual albums. The variety of ways that people can acquire music today is astounding and inconceivable 20 years ago. Host that transition from what we knew but ten years ago to what we know today, what has that done to the guest we find that theres a new transition coming along the way, which is whats making it so challenging. But also it makes it interesting and the opportunities are so great because youre finding new audiences and new ways of delivering the music, around itses are finding new ways to connect with fans. Host we want to bring alex byers of politico into this conversation as well. Sure. Carrie, its 2015 cary, its 2015, its never been easier to use spotify or a platform like that. Do we still need record labels at this point . Will we in ten years as technology continues to develop . Guest you know, when the internet first started becoming the new development, people thought that the era of labels might be over. Why w
I am sorry. This was the wrong decision. But i think its right that weve had a Public Inquiry in this country that is right that we have proper investigations. Yesterday, once again showed that no one is above the law in our country. Miliband . Mr. Speaker, today we know that for four years, the Prime Ministers handpicked closest adviser was a criminal and brought disgrace to downing street. We anyhow also know that the Prime Minister willfully ignored multiple warnings about him. On the 8th of july 2009, the guardian published evidence of phone hacking on an industrial scale when coulson was editor of the news of the world. At that time coulson was his director of communications. What action did he take . As i said a moment ago, the assurances i sought and received were the same assurances received by the press complaints commission, by select committee of this house and by police investigations. They were also thoroughly gone into by the leff levison inquir. Specifically, he talks ab