That simply wasnt made to last. Raac was a postwar solution, now causing a headache for 21st century britain. More than 100 schools in britain have been told they need to close. Labour has announced it will force the government to reveal a complete list of affected schools, and now calls for transparency on the scale of the problem and for fast solutions. Its been known for a while and what we have also known for a while is there is a squeeze on school funding, and my committee has highlighted that repeatedly, and my committee has highlighted that and when you dont invest in maintenance and improvements in schools you get these problems arising but with raac its a systemic failure of the actual material used to build them. Hospital buildings and Court Buildings among those impacted and internal documents obtained by The Sunday Times suggest hospitals could be at risk of catastrophic collapse. The concerns about this have been swirling around for so long. Trusts have been trying to cope
Cutting wait times. Tsa looking to use computers instead of humans to inspect carryon bags. Keeping athletes safe in rio. The zika brought that off bug spray, the official partner at the olympics. Another win for netflix to report a deal with comcast allowing customers to use the streaming service on set top boxes. The currency trade driving markets across the world this morning. The british pound fell into a new 31 year love versus the dollar. Check futures right now. We are looking at real impact across the world. A low opening for wall street this morning explaining to clients yesterday. In europe, weakness across the board as well. John a quarter of a percent. The cac and the dax in paris and germany even worse off. In asia overnight, market lower. Investors around the world seeking safe haven asset. In japan, they yielded a 20 year bond dipping into negative territorys meaning investors would have to pay to on those bonds. We will talk all about that this morning. Fox Business Net
Johnson with a look at your bloomberg headlines. Mogg suingder of beats. Apple is in advanced talks to reported 4. 3a billion that could be announced next week. Apple supplier foxconn says halting production of the vietnam fact rant on monday for safety precautions swepta wave of protest the country. Rights broke out at various factories over an oil rig. Rebranding it as terminal Samsung Galaxy s5. They will deck up the terminal from end and with Digital Screens showing the new phone. The promotion starts on monday. Back to the lead story of the day. A rocking time in the Public Market but valuation of many hot startups are soaring and show no signs of cooling off. Uber in talks to raise a more funding nearly tripling its valuation from just last year according to people with knowledge of the situation. In the meantime, pinterest has just raised another 200 million giving it a valuation of 500 billion up in just the last seven months. Are these Companies Really worth this much money .
First, editoratlarge cory johnson with a look at your bloomberg headlines. The founder of mogg suing beats. Apple is in advanced talks to buy beats for a reported 3. 2 billion that could be announced next week. Apple supplier foxconn says halting production of the vietnam fact rant on monday for safety precautions after a wave of protest swept the country. Rights broke out at various factories over an oil rig. Samsung is rebranding it as terminal Samsung Galaxy s5. They will deck up the terminal from end and with Digital Screens showing the new phone. The promotion starts on monday. Back to the lead story of the day. A rocking time in the Public Market but valuation of many hot startups are soaring and show no signs of cooling off. Uber in talks to raise a more funding nearly tripling its valuation from just last year according to people with knowledge of the situation. In the meantime, pinterest has just raised another 200 million giving it a valuation of 500 billion up in just the la
Not far from the epicenter and this morning was surveying some of the damage. Boy, jeff, scary times. Yeah, very, very. And i would say this community is on edge not knowing what could happen next through the morning and since the big one after 8 00 last night, magnitude 7. 1. We have felt several aftershocks in that time and i want to take you back to that moment and we were in a restaurant trying to get some food. There was one smaller aftershock, not a big deal. Weve been experiencing those, but then about 15 minutes later, it was different. The whole building started to shake and you could hear things crashing down and people were rushing outside to get to safety because there was concern that there were some grills there that could kind of flare up from many of the gas lines that were ruptured. But a moment of chaos and i think some people for the first time felt that panic in them because this earthquake was so much more powerful than the previous one, and it really felt like tha