Elon musk is reportedly going, quote, absolutely hard core around head count and Cost Reduction as tesla plans for more layoffs. Lets begin with futures moving lower with the fed kicking off the twoday meeting. 4. 2 yearonyear, jim, maybe a little too low. The wall street journal this morning talking about how powell feels good about higher for longer. I still think march was weak and youre not going to get a really strong number from april. Housing, shelter, thats bad. Theres also an mcdonalds did a great graphic on squawk. Theres just this belief among people theres no controlling this thing. I think you do get control. One of the stunning things is walmart cant make any money because people are too expensive. Were in a period that people think its inflationary. That has to break. What breaks it . A recognition that we that companies cant offer what theyre offering. Lets take mcdonalds. Lengths say mcdamageds misses. Misses on earnings. Yeah. They have to say we raised the price too
School in lincolnshire. A lucky escape for a man who fell 50 feet down this disused mine shaft in cornwall. Labour has promised to review all government contracts using pfi the private finance initiative if it is elected. The pledge to the partys conference in brighton came as the shadow brexit secretary, sir keir starmer, suggested that Single Market and Customs Union options should not be swept off the table at this stage saying a final deal could retain the benefits of both. But some delegates criticised the leadership during a passionate debate at the party conference. Eleanor garnier reports from brighton. All smiles as they try to put on a united front but there is no hiding it. It is plain for all to see. Divisions in labour over brexit once again coming to the fore. What i want to do first of all congratulate conference. Yesterday you voted away your chance to remain in the Single Market. You voted away your chance to stay in the eu. You have as much chance of stopping brexit a
And up up and away. A british inventor sets the first world speed record for flying a body controlled jet engine power suit. Good morning. Welcome to bbc newsroom live. Theresa may is under pressure to restore stability to the government after the second resignation from her cabinet in a week. The International Development secretary, priti patel, stepped down last night after more questions were raised about her unauthorised meetings with israeli politicians. Ms patel was a prominent brexit supporter, and the Prime Minister is facing calls to replace her with someone who also backs leaving the eu. Labour are demanding to know what the Foreign Office knew about priti patels meetings with israeli politicians. Our chief Political Correspondent vicki young is at downing street. Pressure on the Prime Minister from all directions, can she emerge from this with a semblance of authority and a sense of stability in government . I would say that people inside downing street are not getting too e
Including for people who produce our food. So what does rising inflation mean for the rest of us . Payment south wales to find out. I am in south wales to find out. In Sport Premier League champions chelsea celebrate at Stamford Bridge. They beat watford with a late Cesc Fabregas goal, in a seven Goal Thriller. It is notjust Political Parties working hard ahead of the General Election. We will find out how the people behind the Campaign Rosettes are coping with the pressure. And carol has the weather. Good morning. This morning we have some Rain Across Western Scotland and Northern Ireland, pushing east and Northern Ireland, pushing east and it will brighten up kind it with sunshine. We also have rain in the west of england and wales, slowly moving east. The south east and east anglia largely dry humoured. More details on 15 minutes. Drive but humid. Good morning. One of britains most infamous serial killers, the moors murderer, ian brady, has died aged 79. Brady and his partner, myra