the commander-in-chief and the president of the united states, my friend donald j. trump. rupert murdoch is a direct line of the oval office in a way he s never enjoyed before. proximity to power. there probably would not have been a president trump without fox news. maybe we won t do it anymore with them. you give the viewers what they want. whatever his instinct is, that s what a great leader is. the channel became focused on telling him what he wanted to hear. james is watching this all in dismay. he is getting uncomfortable with the network under the leadership of his own father. but lachlan and rupert s view was why would we change this? we ve never had bigger ratings. and cracks inside the family are starting to appear. it s august 2017 and rupert murdoch invites bob iger, the head of disney, to have a drink with him at his $29 million vineyard in the hills of bel air. rupert offers iger a glass of wine, and they begin to talk. like rupert, bob
Move the brexit talks into phase two on trade. The crisisreport on in myanmar. Doctors without borders says 1600 Rohingya Muslims were killed in just one month of a military crackdown. Up, a major decision expected in the u. S. Today on whether internet providers should be able to prioritize access to some websites. More on the Net Neutrality debate in our business update. Becomes theyek latest hollywood actress to accuse producer Harvey Weinstein of harassment. More on her scathing oped on the way. First our top story live from paris. Genie russian president Vladimir Putin is holding his annual press conference in moscow today. 1600 journalists rx are attending the conference which up to past has lasted five hours. It is his first big public appearance since he announced he would be running again next month. Thomas low is listening to the press conference. There have been lots of questions about all sorts of subjects today. In particular about the doping scandal that band russian athl
And special partnership actually means. The Scottish Government raises income tax, for those earning more than 2a thousand pounds a year. Rupert murdoch sells a majority of 21st century fox to disney, in one of the biggest media deals for years. And a 70 year old mystery is solved, the story of a baby who was found in a box, on the steps of the bbc. Its 5pm. Our main story is that six months to the day since the Grenfell Tower tragedy. The fire claimed the lives of 71 people. Todays service was attended by the prince of wales, and other members of the royal family. People listened to music by a local steel band and the cathedral choir. Recordings of anonymous voices describing the tragedy were played, while local schoolchildren scattered green hearts in memory of the victims. Its been a long six months for so many families whose lives were torn apart exactly six months ago. A tragedy which highlighted failures alongside the bravery of the Emergency Services and the unity within a commu
Officials lifted expectations yesterday in proposed tax cut. The central bank raising rates for the third time this year and in the final News Conference is Federal Reserve chair gina gallant says the u. S. Economy is performing well. She also targeted bitcoin concrete to occur in the highly speculative asset, but not enough to cause a meltdown. More coming up this morning. Futures look like its indicating a market continued momentums this morning. The dow industrial up 30 points at nasdaq, s p 500 higher. Investors waiting on the European Central bank decision. Mario draghi will bring you those headlines. Markets are down across the board a quarter of a percent lower in half a percent lower in germany and the dax index. Lower across the board, as you can see the kospi indexed on one half of 1 . The latest have a smiley accuse by the network of his misconduct allegations. Details at smiley intends to fight back. Way more to fight on. Still refusing to concede following doug jones shock
I think what is different today is coming out the crisis, what youve seen banks do, is go back to their basics or go back to the areas they believe they have a competitive advantage. And that competitive advantages oftentimes steeped in scale. When we think of scale and whether scales in markets or Business Bank its or many business. Todays age of Slower Growth and more regulation, if you dont have scale, the odds are you cant buy it. You are not seeing big banks get bigger through acquisition. You have to build it. Slower growth, its tougher to do. ,hat weve seen is the industry in many ways, pull back to areas of strengths. Youve ended up with very different Business Models, which in itself are far more resilient. We can use different examples of firms out there in terms of how they change. Examples, cities as we are not an insurance company. We are not an asset manager. Were not a hedge fund. We are not any of those things. Were simply a bank. Thats the scale that we have pulled bac