For a new occupant and look at the challenges that lie ahead. Our other main story tonight. The uk swelters in a heatwave with record temperatures forecast later this week. Well be looking at the effect of the rising temperatures across much of europe and the role of Climate Change. And coming up on sports day on bbc news, Geraint Thomas crashes again in the tour de france, but he gets back on to stay second overall after the 16th stage. Good evening. Borisjohnson is set to walk in this door behind me tomorrow as britains next Prime Minister, realising a long held ambition. He has won the race to become conservative party leader, with more than 92,000 votes of conservative Party Members. His rivaljeremy hunt polled just over 16,000. In a short acceptance speech mrjohnson declared that his mission was to take britain out of the eu by the 31st of october and re unite the country. The challenges he will face are formidable opposition from some of his partys most senior mps and little sign
Street, which he must avoid a damaging no deal divorce at all costs. Shery later in Bloomberg Technology global link, we will talk about the Justice Department investigation into whether big tech has been stifling competition. First, thats get you started with a quick check of how the markets closed tuesday session in the u. S. The s p 500 closed at the highest level in more than a week, up 7 10 of 1 . Rising for a second consecutive session. We have some strong earnings coming from the likes of cocacola, united technologies. Not to mention lockheed martin. We also had Investor Confidence that a deal would be struck when it comes to suspending the u. S. Debt ceiling. In the afternoon session, we got news that ambassador lighthizer could be going to china next week for the first highlevel trade negotiations since may so that really spurred Investor Confidence. The dow gaining 7 10 of 1 . Almost every sector in the green in the s p 500 and hit higher by industrials and materials. The nas
Jet powered flyboard. Hello and welcome. Im Christian Fraser in london and jane obrien is in washington. A day after clearing out the old cabinet, Boris Johnson appeared at the commons dispatch box today with a new team behind him and a bold plan in front of him. With energy and enthusiasm, the new Prime Minister painted a picture of a better Brexit Britain the beginning, he said, of a new golden age. The confident style of leadership reflects the settled decision of his new cabinet, and it is recognised in brussels. In an e mail to officials, the eus chief negotiatior, Michel Barnier, wrote, pm johnson has stated that, if an agreement is to be reached, it goes by way of eliminating the backstop. This is of course unacceptable and not within the mandate of the european council. As suggested by his rather combative speech, we have to be ready for a situation where he gives priority to the planning for no deal partly to heap pressure on the eu. Today, the conservative benches lapped it u
The transatlantic row has domestic ties with brexit and the conservative Party Leadership race all entangled in this resignation. Also on the programme. The us labor secretary comes under fire for his role in a plea deal reached with a financier now charged with sex trafficking. Alex acosta will soon speak out. And thousands cheer on the Us Womens Soccer Team and their fight for equal pay at their ticker tape parade in new york. Hello and welcome im katty kay in london, Michelle Fleury is in new york. British diplomats are supposed to be able to tell their bosses in london what they think, without those thoughts becoming public. They are supposed to be able to give candid analysis without fear of losing theirjobs. Today, Sir Kim Darroch, britains ambassdor to america learned that neither of those things still hold. Sir kim resigned today after leaked emails printed in a uk newspaper revealed his less than flattering assesment of the us president. The resignation is highly unsusual and
Deutsche banks restructuring cost went to 5 billion euros and push them to its 4th net loss in five year and shares rise for the second day a 3. 4 billion euro takeover bid. Well, as you can see, italian bank stocks are rallying this morning. The highest level in over two years after italy avoided eu disciplinary action. It expects the country to fall in line while they promise to reduce the deficit over the next two years. You can see there are almost 2. 8 unit credit particularly well this morning. 4. 6 higher. Also not performing quite as well as some of its peers though up 3. 7 . Now this broad based rally also underpinning the move. The spread between italian and jeremy ten year bond yields touched its lowest level in more than a year as they were near record lows you can see that distinction falling pretty sharply there at the end of the graph with the italian tenure down at 1. 639 and 10 year at negative. 388 now my colleague just got back from brussels last night and is immerse