Welcome to bbc news. Theresa may is expected to say to you new macro leaders that she would like a two year transitional period expected to say to eu leaders. She is trying to break the deadlock which there seems to be between the eu and britain. Sources are telling the bbc that she will talk about this idea of a transitional period or implementation period, depending where you come from on this, and this idea is something we have heard a lot about over the summer from people like the chancellor philip hammered but also people like liam fox who are on the other side of the artand fox who are on the other side of the art and when it comes to brexit philip hammond. The arrangement would be similar when we leave the single market. One of the crucial questions is whether the eu will ee, questions is whether the eu will agree, and about the money the uk continues to pay into the coffins of the eu during that time. Theresa may is going to say that we will pay our dues into the cough is. This
Rescuers work to free children trapped under a collapsed school a 12 Year Old Girl is among those thought to be alive the debris in mexico city. These are the latest pictures as a rescue involving members of the army and hundreds of volunteers continues. Ryanair says more flights may have to be cancelled as the boss admits theres been a Significant Management failure at the airline. And calls for the fa to answer questions over its sacking of mark sampson, as england womens football coach. Our main story at five on the eve of one of the Prime Ministers most important speeches since the general election, theresa may has given the cabinet details of her address in italy, which she hopes will break the deadlock in the brexit talks. Sources have told the bbc, that the Prime Ministers florence speech tomorrow is likely to propose a transitional arrangement between the uk and the eu of up to two years after brexit. It is expected that the uk would be willing to pay into the union during that
Announcer this is nightly Business Report with bouncing back . Consumers rebounded a bit in april. But retail itself remains a mess. What gives . Is the backbone of the american economy, better known as the american consumer, healthy or not . Taking the plunge. Home prices are not for the faint of heart right now. So what do you do if youre looking to buy your first home . Some of the best markets if youre looking to get in. And its the new retirement. Why senior women are making a strong push to be this generations golden girls. All that and more on nightly Business Report for this friday, may the 12th. Good evening, everybody, welcome. Im Bill Griffeth coming to you from the new york stock exchange. Tyler and sue have the night off tonight, so its just you and me, okay . Weve been telling you about the wreck that is retail, and theres another one today. First, there was a bit of a rebound by the consumer in april. Spending rose, albeit less than expected, but it rose nonetheless. Ste
Holiday shortened but jam packed week. Futures are lower. S p on a sevenday win streak. Europe relatively mixed, tenyear 224 income and spending in line. Case shiller in line as well. Our road map begins with the president back on twitter, reigniting harsh rhetoric with germany. It is a tech led rally. Amazon and alphabet getting near the 1,000 mark. The summer movie season, is it in trouble . The shortened Holiday Market week see if the s p will extend its win streak to eight. The president wrote we have a massive trade deficit with germany plus they pay far less than they should on nato and military. Very bad for u. S. This should change. It suggested german automakers behaving badly. Is it too to imstop being so polite on germany, jim . It is the European Union and germany is emblematic but you look this morning we dont want to raise rates and dont want to get off of life support. Germany has numbers that are extraordinarily good and i do think that the mexican buildup of cars by bm
Orders in terms of how we are going to deal with deportation of undocumented immigrants. Short version, there is going to be more enforcement. You are going to try to alleviate that, fight it how . Eric we anticipated this attack, particularly where it regards socalled sanctuary jurisdictions. There is no Legal Definition as to what a sanctuary jurisdiction is, so we anticipated there would be an attack coming. Last month, issued guidance for the first time setting out a legal roadmap of what the city has to do, what you are obligated to do under federal law and what you dont have to do. Im pleased to say there have been jurisdictions around the country using our legal roadmap to help rewrite their resolutions to prepare themselves to be in compliance with the law. The two memos issued by dhs are followups on executive orders trump issued in late january and deal with how we handle the immigrants already in the country. We already have a big fight over the ban on immigration and refuge