big day here in london and across london for the miners rio tinto profits beat estimates. bloomberg news reporter jesse joins us now. jesse, i look at it and i think plunging oil prices. jesse: iron oil prices have been extremely volatile. rio tinto prices are up. underlying earnings are down. fairly positive they will beat consensus. the market initially traded flat. jonathan: when i go forward into next year, is this the base to make comparisons to see how they deal with $60 iron ore in years to come? jesse: yes. rio tinto spoke to that theme for themselves today. high-cost producers will be exposed, lower cost producers will maintain a competitive advantage. they are continuing to pump out more from australia. that would make them the world against exporter. that is the theme for rio tinto low-cost, long lives assets. jonathan: when i look at miners it is like herding cats you see copper coal, will these guys streamline business? jesse: bhp focused on that. so far, rio tinto has maintained their exposure to key commodities like iron ore. there are rumors they may be loo

as the latest causes travel chaos, many wonder why london ground to a halt. >> a hidden problem of london is most of the streets are inherited from history. there are big wide boulevards that you find in other big cities. as a result, buses, cars and other forms of transport making up for the closed underground is limited. >> reporter: that means scenes like this commuters waiting hours to get onto a bus. all has an economic effect particularly in terms of lost business for central london service industries. >> reporter: last year the london chamber of commerce says the cost to the economy was about $75 million a day. some say new techology means people can work remotely so the damage is reduced. perhaps the greatest impact is a headache accused to the 4 million that use the underground network every day. >> coming home childcare, that's so long there's congestion crowded people. it's hard to get on. >> i'm not able to get into work tomorrow so i had to make other arrangements and take my work home with me. >> i've been a teacher, i've been on strike before. i know it's important. it's in

a delicate balancing act in london. a media meltdown as the highest of high fires -- tinkerbell comes down to earth. is it possibly the biggest presidential debate since nixon-kennedy? will the real donald trump show up? good morning, everyone. this is "bloomberg surveillance." we are live from our world headquarters in new york. thursday, august 6. i am tom keene with brendan greeley and vonnie quinn. i have got goosebumps over this debate. it is a big deal. brendan: you asked the right question batch will be real donald trump show up? he has said i will not attack if they do not attack me, but the second anyone opens up, i will fight. he can afford a fight anyway they cannot. it will be interesting to see who starts the fight first. tom: we will look at the debate bloomberg politics, thank you. right now, what a day it is. let's look at top headlines. here is vonnie quinn. vonnie: thanks, tom.

last year the london chamber of commerce said the cost to london's economy of a tube strike was $75 million a day. now some experts say new technology means people can work remotely, so the damage is reduced. but perhaps the greatest impact is simply the headache caused to the 4 million people who use the underground network every day to get around. >> to get home, get my child from child care. there is congestion, crowds of people. very hard to get home. >> i'm not able to get into work tomorrow. so i will have to make other arrangements and take my work home with me. >> it's inconvenient. >> the unions involved deny they are holding city to ran some. they say the short pain is less damaging than rushing through poorly planned night shifts. >> we think it's a good idea, if it's staffed safely. they are asking people to cover more nights, more weekends, people aren't having it. >> nobody was available for comment. they have apologized to the public for the disruption. but they may not be the last time we see travel chaos across the capital. >>> just a reminder, you can keep up to date with

news continues live from london next. we now have physical evidence that as i announce on 24th march last year flight mh 370 tragically ended in the southern indian ocean. this is a remote, inhospitable able area. i would like to thank the many organizations and individuals and missions who have participated in the search. the burden and uncertainty faced by the families during this time has been unspeakable. it is my hope that this confirmation however tragic and painful will at least bring certainty to the families and loved ones of the 239 people on board mh 370. they have our deepest sympathy and prayers. i would like to assure all those affected this tragedy that the government of malaysia is committed to do everything within our means to find out the truth of what happened. mh 370's disappearance marked us as a nation. we mourn with you as a nation. i promise you this: playmalaysia will always remember and mourn those who perished on mh 370. >> malaysia's prime minister the cameras are awaiting officials in paris wh

. >>> also why london is suddenly much closer to a beach. we'll have details in sports. >> what did you see when you went outside last year? >> there was a dead body in the middle of the street... for 5 hours. >> there's a lot of work to be done. >> they need to quite talking about what should be done and do it. >> there's clearly an issue and we have to focus on how we bridge that. >> a lot of innocent lives are still being lost. >> there's a line of police advancing toward the crowd here. >> ferguson: city under siege. >> it isn't easy to talk openly on this base. >> and america's war workers. >> it's human trafficking. >> watch these and other episodes online now at aljazeera.com/faultlines. >>> the u.n. agency is warning that unless it receives more than $100 million in the next couple of weeks, it won't be able to start the school year as normal. 225 students in gaza where it runs 245 schools. in the west bank 99 schools are likely to remain closed. in lebanon, 32 schools may be closed. and in jordon 172 schools have been run teaching 1

>>> this is al jazeera live from london. hundreds rescued off the coast of libya after an overcrowded fishing boat capsizes. and a new plan to cut down on poaching. >> french experts have confirmed a link with a missing boeing triple 7 which vanished 16 months ago. it strayed off course with 239 people on board. malaysian prime minister was the first to break the news of the findings. >> today 515 days since the plane disappeared, it is with a very heavy heart that i must tell you that an international team of experts capsizes have conclusively confirmed that the debris found on reunion island is indeed that of flight mh 370. there are very strong presumptions that the flap belonged clearly to mh 370 for two reasons. boeing representatives confirmed that the flap came from a boeing triple 7. secondly malaysia airlines communicated technical details about the flight. on that basis, it was possible to establish a link. >> right now it's early morning in malaysia. we have this update. >>reporter: most people will wake up to thi

in london these stories you need to know. caroline: consumers and businesses cut spending and exports tumbled. growth.wo quarters of the scene of the explosion. the number of people killed has risen to 114. for.are still unaccounted businesses have been severely disrupted. caroline: the wreckage of a plane that went missing has been spotted. toeam is heading to the area check the survivors. it lost contact with air traffic control. guy: back to greece. the latest greek bailout is that imf'sman lawmakers with role very much in question still. she said signal she's willing to to help inat police the bailout. hans nichols is on the story. a defensive angela merkel. said they would do that. the member the last time she lost? she showed confident you get this through. on the reform, she insisted the imf will join. howis indicating here is you put the issue of debt relief. extensiongards to the , the setting of interest rates roomssibly have, we have for maneuver, just like we had in previous times. there's a clear statement that t

london's ctf is to be put up for sale. the us-based global infrastructure partners have decided to sell the airport. they say it could fetch as more uch is 2 billion pounds. barack obama took on credits of the iran nuclear deal as he sought to bolster. congressional support for the deal. in a speech he said that it is publicly supported by every country in the world except for israel. >> israel is not just the best choice among alternatives this is the strongest nonproliferation agreement ever negotiated. and because this is such a strong deal every nation in the world that have commented publicly, with the exception of the israeli government, has expressed support. anna: on the day that egypt reopens the suez canal with the multibillion-dollar makeover another global trade route is getting attention. the world's longest railway is opening new opportunities between western europe and china, and it is satisfying the chinese appetite for global taste. >> all the board the silk rail. this trade links it to the iberian peninsu

here in london. we will take a short break here ." the shanghai composite drops the most since 2007 and it could be on course to drop the most since 1996. we get an update on the market moves as the global rout continues. we will get you started for another market week. ♪ anna: welcome back. 6:30 a.m. here in london. here are the stories you need to know. the global selloff deepens as asian shares see their biggest drop since 2011. emerging-market currencies have dropped to the weakest level on record. commodity prices have fallen to a 16 year low. safe haven assets including the yen have rallied. u.s. 10 year yields have dropped 2%. oil in has lived below $45 per barrel for the percent since march 2009. iran has reiterated it will increase production. extending a drop of more than 7% last week. the most in five months. iran says it will expand output at any cost to defend market share according to its oil ministries website. turkey is heading for elections in the second time in less than six month

. >> hello i'm barbara sierra, you're watching al jazeera live from london. a syrian fighter jet crashes into a market. 27 people have been killed. rising flood waters force thousands of people from their homes more than 100 have died. and we'll be deep beneath the streets of london to see how the world's most advanced railway system is taking shape. >> john kerry is representing the obama administration at the meeting of morning ministers. concerns over iran's recent nuclear deal has dominated the attacks. they are confident that the region is now safer because of the deal. >> a delicate mission for the u.s. secretary of state. john kerry is trying to convince long-standing allies that the russian nuclear deal will bring peace and prosperity. >> the five other european countries have technology and knowledge in the nuclear field. the countries of the council welcomed it on this basis and on what john kerry demonstrated about iran's development of nuclear weapons and the inspections to stop the development of nuclear weapons. >> today my counterparts and i ha

ahead of the open the futures in london are up a little bit high. are we going to get a higher open? let's answer that question. caroline: after a dale of selloff in europe, could it be back into the green? we have the same breaking now and later and the eurozone at 9:00 a.m.. it's basically flat to on the green side. there is caution when it comes to china. the imf saying there is still more work to be done. if you want a reserve currency. everyone is focusing on what the federal reserve will do come september. will we see a rate rise? we have seen dennis lockhart playing into that voting member on the federal reserve

london is in a correction again. the china story is really driving those core european equity markets down. how do you perceive europe? you still have quantitative easing. we are nowhere near finished there. maybe we are at the end of this initial move lower. how do you position yourself? >> we still believe that european equities offer potential. first, you have monetary stimulus. you have a weak currency, you have earnings growth, which is not the case in most other countries, and that is very important. it is very important for european earnings to rise, and the valuation is ok. on a global basis, europe still feels to the upside. manus: you have penned in nearly 18% growth in earnings. -- from anther thing industry perspective, looking at the autos this morning, the biggest monthly drop in three years. 40% below the stoxx 600. where is the value in europe? that is just one that caught my eye. from your perspective, where is the value? >> in europe, we prefer the domestic rental sector. we believe the domestic cov

the train system that will soon be moving many people across london. london. more than six years but now london's newest underground tunnels are almost ready for their rails. cut at a depth of 40 meters, the new rails wind their way throwd the heart of the city. >> the biggest challenge has been constructing this massive type project in an area of london of already dense infrastructure. and at the design stage the alignment had to be decided in terms of horizontal and vertical alignment to avoid interaction with any existing foundations or any existing tunnels. >> eight laser guided tunneling machines removed more than 7 million tons of earth. the walls of the tunnels were sealed using 200,000 concrete segments. at the same time, engineers have been working on an all new digital communications network the first ever to control all aspects of a railway line. this computer network needs to be able to handle the data of more than 250 passenger information displays, more than 600 internet telephones and more than 1600 high definition cameras all simultaneously. >>

futures in london a little bit lower. dax futures off by about 20 points. a very special treat for the market open. manus cranny, over to you. inus: european stocks put probably one of the best weeks in the months of july that we seem since february. the rally is 1.5% over the space of july despite the fact that this market was closed. it is anybody's guess. there is an exchange rate in the united states of america. hans will take you through that. that exchange rate problem was down over 17% in the hiatus. will they go for a ban on short sales? those are some of the questions we are asking. china, factory orders at a five-month low. what will the preemptive policy be? what impact will it have on european markets. european equities are going to be more profitable than the united states for the first time since 2008. earnings will rise just under 7%. that is up from just under 5%. u.s. wages rose at this lowest pace since 1982. what does that do for the debate about whether you get a september lift off from the fed in terms of raising rates or december? harr

. >> reporter: the reopening in london was rather low key. during the morning staff shuttled in and out of the building, then together with one of iran's deputy foreign ministers strolled the short distance from the embassy to host a small private ceremony at iran's diplomatic residents. >> good morning hob you today? >> reporter: well, a very significant day for our country? >> yes fox, both countries. >> reporter: for 400,000 eye ryne vinnies live in the u.k., and represent tiffings attending the ceremony and looking forward to better consular help. >> the major problem was the vehicles as for especially the shia muslims would want to go to the holy shrines. it was hard on get a visa to getting to to the holy shrines in iran. we hope that in the future that to be better. >> reporter: the doors of the iranian embassy here in london remain close today the moment to all but officials and visiting dignitaries. it will take many months before full functionality is restored to operations such as issuing easvisas but after a gap of four years the

of the london stock exchange. francine: up next, the lexus takes us back to the future with the real life hover board. we're quite excited. will you be? we'll show you how it works next. ♪ manus: welcome back to "the pulse" live on bloomberg television, streaming on your ipad and bloomberg.com. francine: fan s of "back to the future" are in for a treat today. lexus is showing off the hover board. >> move over marty mcfly. this is pro skateboarder demonstrating that it is a real life working hover board developed by lexus. the board features similar technology to the kind used to ower trains. magnets react with super conductors to keep the rider in .he air >> when you see the board going across water and then just standing there, you feel like you're looking at a magic abblingt. people are going to be calling lexus saying how much is it going to cost? we want to have one. years is culmination of of work. >> i hope when they see it, they think that is so cool. i want to ride one. i hope they look at lexus and say

look at london. this is a ceo trying to shore up profits. we have seen an increase in misconduct costs. back in june, there was a turnaround plan. a three-year plan. we will continue to talk about taking a little bit later on. manus: breaking news involving nokia. nokia says they will do a strategic review. it looks like a deal has been done. three major auto brands out there. nokia will book a gain in that business. the price tag for selling the maps business -- anna: we will see if the has an impact on the nokia share price. thanks. let's talk about what is happening in the asian air -- asian equities. let's get more now. good to see you. what can you tell us? >> good morning to you. i'm afraid i have bad news. it is a fairly risk-averse session. it is just at the threshold. that was the official number. it is a private survey. a more dire situation. i came in 47.8. you take these data points. i'm not going to mention this in detail. it painted a fairly consistent picture. there is emi data that came out of japan and indonesia and india. t

it is 6:15 in london. london is closed today. it is a bank holiday. no trade out of london. let me tell you in the meantime the stories you need to know. chinese stocks continue to fall. weighing the level of support from beijing. the index down 15% for the month of august. the equities market rattling investors this month. as you can see, we are continuing to fall. isaysia's prime minister standing firm after two days of mass government protests. tens of thousands have called for him to resign over allegations of corruption. supporters say the rally failed because they did not have sufficient numbers of ethnic malays. angela merkel calling on european counterparts to take on a greater share of the refugee crisis. the u.k.france and have asked for an emergency gathering. germany expects 800,000 refugees to enter the country this year. japan's industrial production fell unexpectedly in july. 0.6%, missing by the bloomberg estimate of 0.1%. again, not a loss. aaron, what does this say about the economy and how much of this is down to china? the economyoks like limped into the

she was a good friend and keep captain apartment at the london hotel. joe asked her to pass a message. i'm about to go into my act. if i don't come back, tell my dad despite our differences that i love him very much. like so many utterances that and up counting as a person's last, it is both moving and touching. it is also perplexing despite our differences, what did he mean by that? it sounds like a statement of a son who had fallen out with his father or vice versa but nothing of that kind happen. before he joined he joined the navy, joe junior had been almost slavish in telling them there was no argument over that issue. while his father wanted to secure him an important yet safe staff appointment, he did he did not protest when joe junior became unable cadet. although he clearly recognize the danger. when he earned his wings, it was joe senior who pinned them on his uniform. perhaps the feeling never put into words that the ex- ambassadors relentlessly public defeatism and what often seemed a contempt for heroism, sacrifice and democracy had forced

in london --up a little. the only chart anyone has been looking at is .hat is the chinese yuan doing the people's bank of china cut the reference right for a third day. unchanged on the session. some soothing words from the people's bank of china. a rare news conference overnight . stabilizing a little bit as far as the chinese currency is concerned and stimulating, helping a little bit of a rebound in risk assets in the equity markets and bond markets. you had seen a strong bid for car government bonds, not just because of risk off, also the deflation bid. concern that china would export deflation. so you go to court government bonds. this morning, the opposite is true. in germany, up. money going into spain and italy. perforate performing well. periphery performing well. china and focus. greek gdp, who saw that coming? francine: it's a freak result. wedst all the chaos, sometimes saw growth. this must be tax receipts coming in. it throws up the question how dependable is the data, how robust is the data? th

here in london. let's get straight to the market story and get you up to date and what is happening overnight, things you might have missed. the rally in the u.s. stock markets halted a selloff that had erased trillions of dollars in equities. let's check in with the latest. david, good morning. david: it is about midday here in asia for our thursday trading session. we are really seeing a tailwind coming from that, no other way to describe it, that surge in wall street overnight. we did feel it at the open. volumes are heavier. compared to the 30 day average, or just about every single market here and in the region -- except for shanghai, which i will get to. a move back to riskier assets, as well as cyclical commodities. copper actually gained in asia. that being said though, the other side of this is that we are coming off -- and i think this happened over the last hour or so -- we are certainly coming off a high of the day. we are of as much as 2%. japan a big reason for that, as you can see here

and so in 1773, she traveled to london and this volume was published. it's also remarkable in that we have an engraved image, presumably a good physical likeness, of phillis wheatley. this volume, i'll turn the page to show you, is also -- it would be wonderful even by itself, but it is one of the few examples that have actually come down to us with phillis wheatley's signature on the volume. and it just doesn't get better than that. trying to find the sort of tangible objects that allow us to discuss the very important contributions of african-americans to the founding period of our nation. it can be a real struggle as a curator to try to find this material. so we are incredibly blessed to have that volume available to us and to share with our visitors once we're open. and that will be in in that same gallery located next the liberty tree so visitors can reflect on the contradiction between these calls for liberty and the continued persistence of slavery. a couple of other items. these are later bindings of two 18th century publications. of course, at

markets fell in london, frankfurt, and paris. editor, carrie gracie, reports that there are still structural problems despite the calm. rie: it grew to be nothing to be the factory of the world. now, it wants to build a 21st century economy. the stock market was supposed to be a part of it. the plan has gone badly wrong. stocks fell on wednesday. they have lost maybe 20% in value, wiping out gains from earlier in the year. chinese leaders have remained silent on the crisis. behind the scenes there are clearly divisions, and in the long run someone will have to take the blame. the communist party avoids doing political debate in public. coverage of this crisis is nothing like it would be in any other major economy. the media is controlled by the , and that means reporting focuses on finding a few handy villains, reassuring the public the government is dealing with the problem, and finding something or positive to talk about. reassurance and positive chi.ing are useless to mr. for 2000 years chinese people like this.ed stress he in

we have the details from london. reporter: the french interior minister and his british counterpart have announced a big deal today. this has been signed by them on behalf of france and the united kingdom. its main objective is one of security. you have increased cctv, higher channel tunnel to stop the desperate migrants risking their lives, risking injury, and then trying to smuggle themselves illegally to reach what they perceive as eldorado, the united kingdom. also today, there will be 10 million euros over two years that will be given by the united kingdom to speed up asylum applications and also pushed humanitarian aid. we know that perez and london -- we knowiction that paris and london have had friction, a blame game, a public exercise, one aimed at trying to dismantle the traffickers' networks. a lot of money these traffickers, some by the way possibly british, trying to smuggle these migrants across the channel into the united kingdom. one of increased partnership between france and britain, one of much mor

look at the next generation of train technology that will soon be moving millions of people across london. ♪ the corruption cyril of one of south africa's controversial politicians has been adjourned until tuesday. supporters of the former youth leader of the ruling national congress is outside of the court and already has a hate speech conviction and faces charges of racketeering, fraud, corruption and money laundering and miller reports reports. >> the trial was adjourned earlier on monday after one of the coaccused wasn't available for court due to illness and may not be able to return to court for another three weeks and following that adjournment spoke to supporters of his political party, the economic freedom fighters indicating he would want the national prosecuting authority in south africa to separate charges to allow his trial and case to be heard here and wants his day in court and clear his name and he says he has been persecuted however the national prosecuting authority says the charges against him are valid and considering whether or not to separate the charges and tuesda

other than the average london dry. what makes a great gin and tonic is a -- we and sported -- import it from spain. put your nose into the glass rather than jerking from a st-- drinking from a straw. if you do not engage your nose by tricking from a straw, than you would -- drinking from a straw. we double frees our ice. we hand pack it at the beginning of the shift. it keeps your drink colder for longer. when something like tonic hits water, it is going to go flat quickly. so the colder the better. garnish-wise, we like to offset match.ish we take sick something from the botanicals in the gin. or more lemon or plum cherry, something to offset the balance of the gin. francine: a little bit punchy for 9:43 a.m. in asia, it is 5:00 p.m. somewhere. top tips to improve your g&t. manus: all about the ice. we are losing the children. up next, continentale beat second-quarter estimates. they raise their full-year guidance in terms of earnings. we have the cfo joining us on the "the pulse. stay tuned with us for that. ♪ manu

wanting breeding to say a few words and supervisor farrell and going back to work supervisor president london breed. >> (clapping). >> it's a really exciting time in san francisco i'm so honored to be in a position to serve as the board president during a time we didn't have to make any cuts to some of the amazing programs in our community in fact, we're invest more 2, 3, 4 affordable housing and infrastructure and transportation the things that matter to everyday san franciscans so today with this budget is signed by the mayor i'm going to be really excited and rev ready to work with the different departments to spend all the money to improve san francisco thank you all for being here and i also want to say to the budget committee under mark farrell's leadership thank you for your working with members of the board of supervisors to make sure that every single vicinity that every corner of san francisco is impacted in a positive way in this budget it was an amazing collaborative project with harvey rose a lesion he's been doing and work on budget before i was born i love to say that i never t

tariq bassly, al jazerra beneath central london. >>> residents in the indian state are calling on the government to help with the damage caused by recent flash floods. the aftermath of cyclone common has hit large parts of bengal and other areas forcing thousands of residents out of their homes over 70 people are believed to have been killed by the land slides. weather forecasting predict more rainfall this week. at least 47 people have been killed in myanmar after days of heavy monsoon rains there. government agencies and humanitarian groups are trying to access hard to reach parts of the country. around 200,000 people have been affected. the u.n. humanitarian coordinator for myanmar says access a major issue. >> one of the greatest challenges is this is affectth ad by range of the country. so its access to assess and the get surprise in. the government has been working on preparedness because natural disasters are part of the life and environment here. and this time around the government has reached out and is accepting support encouraging support from all humanitarian actors, the u

now, in london's cross rail runs in 2018 it will carry more than 200 million people a year on one of the most advanced rail way lines ever built and we have been down the tunnels to take a look. >> reporter: it's taken 10,000 workers more than six years but now london's under ground train tunnels are almost ready for their rails and a depth of 40 meters they weave 21 miles at the heart of the city. >> is the biggest challenge is contracting this in an area of london with dense infrastructure and this is on stage and the alignments have to be decided with vertical alignment to avoid interruption with existing foundations or existing tunnels. >>> eight laser-guided machines removed more than 7 million tons of earth. the walls of the tunnels were then sealed using 200,000 concrete segments. at the same time engineers have been working on an all-new digital communications network, the first ever to control all aspects of a rail way line. this computer network needs to handle the data of more than 250 passenger information displays more than 600 telephones and more than 1600 high-definiti

. >> good morning on behalf of of xhooun i'd like to thank the supervisor president london breed and her staff in bringing this to committee that ordinance is a recommendation from the are controller's office will amend the san francisco admin code for the assessor-recorder over the last 3 years we've get a program to help to eliminate the wait times it helps our financial transactions when voters come to our office for licenses thank you for your time and i'll be happy to answer any questions. >> straightforward not controversial thank you. >> so this item open up for public comment any public comment on this item? >> this is recommended to the resolving fund. >> for any teaching as the promotional study i had a wide area of established my area of sdrin for the holy which is striking san francisco region thank you. >> thank you before we go vote on this item like to have a motion do we need a motion to excuse supervisor tang important this one item. >> more one further item. >> i'll make a motion to excuse supervisor tang for item two. >> second we'll take that without objection. it

it runs underneath london. cross rail will across the east with the west when it opens in three years time. our technology editor has been seeing what it's hundred million passengers a year can expect. >> it has taken 10,000 workers more than 6 years but now london's underground train tunnels are almost ready for their rails. cut at a depth of 40 meters tunnels weave their way beneath the heart of the city. >> the biggest challenge has been constructing this project in an area of london of already dense infrastructure. it's design stage, the alignments have to be decided in terms of horizontal and vertical alignment to avoid any interaction with existing foundation or tunnels. >> eight laser-guided tunneling machines removed more than 7 million tons of earth. the walls of the tunnels were then sealed using 200,000 concrete segments. at the same time engineers have been working on an all-new digital communications network, the first ever to control all aspects of a railway line. this computer network needs to be

trains rumble through jack london square while swanky yachts sit in the estuary, a place jack london might not recognize but would have had a pretty good time. joe rosato, jr., nbc bay area news. >> i couldn't agree more. oakland is a lot of fun. >> you can go to oakland, also to fremont this weekend. we have the festival of the arts. a lot to do. the weekend is here. >> so much going on. i just rerouted my way home and i passed on the outsquirtskirts of oakland. the skyline is beautiful at night. let's look at the doppler radar. the thunderstorms we had this afternoon are long gone. the storm system that helped to produce that trough of low pressure is well offshore. most of the lightning strikes will remain there. i think we're out of the woods when it comes to getting any more activity tonight. as we take a look at the sky camera network, the big news was an additional 5 to 10 degrees of cooling. a lot more comfortable compared to the triple-digit temperatures on tuesday and wednesday when we hit as high as 107 degrees. 80 in the deeb. tomorrow morning with that fog coming back ve

but that first few weeks when we bicycle our way down from london to portugal which is where we set off across atlantic we had some friends ctually who took the boat on a trailer down to portugal where it was first needed. we t was he -- some of it had to do our selves and other others -- sometimes we were lucky enough to have friends along and when we got to the u.s. here we arrived with absolutely no money. it was just the goodness of the people that we met in the local community starting off miami and fort lauderdale that really allowed us to carey stage.each and so it was really we were traveling blind. we really didn't know very often were going to be able to get our bikes across to the next ocean or he the boat across the particular crossing. we were it was all made up as you went along. so i ended up here in colorado roller blading across the u.s. as part of the onrney from miami to stprapb roller blades. sensibly steve more rode a bike. i wanted to do something spent so and we also long in this tynely little boat rossing the atlantic for 111 days we needed a break from each othe

prowl brennan, al jazerra, london. >>> u.k. media is now reporting that 11 people have died after a jet crash in southern england. the hawker hunter crashed while its pilot was performing a stunt aat an air show in sunday it plowed in to a road and hit several vehicles in the process, the pilot survived the crash but is in critical condition. >>> a saudi-led coalition has carried out mere airstrikes in yemen tarlin targeting. previous airstrikes were criticized i it provides a key route for aid delivery to the northern parts of the country. >> this is not the. [ inaudible ] that mr. o'brien and the united nations envoy talk about in that situation. we are comparing that position that we had an operation against its a military position far from the airport. and to make sure that the airport today and the several days ago continue to receive the ships which is located by the king salmon humanitarian center to bring food and relief to the yemeni population. >>> hundreds of protesters are blocking access to eye major port in southe

. >>> underneath london is one of the most advanced rail line in the world. when it starts in 2018 it will cover 200 million passenger as year. we went down into the tunnel to have a look. >> it's taken 10,000 workers more than six years but now london's newest underground train tunnels are almost ready for their rails. cut at a depth of 40 meters the rail tunnel wave their way beneath the heart of the city. >> the biggest challenge has been constructing this massive type of project in an area of london that has already dense infrastructure. the assignments had to be designed in terms of horizontal and investigator vertical ashrinement that avert any infrastructure. >> the tunnels were sealed using 200,000 concrete segments. at the same time the engineers have been working on an all-new digital communications network the first ever to control all aspects of a railway line. this computer networks needs to be able to handle the data of 250 passenger information displays and more than 600 in a television and 1600 high definition cameras all simultaneously. >> it

. >> good morning on behalf of of xhooun i'd like to thank the supervisor president london breed and her staff in bringing this to committee that ordinance is a recommendation from the are controller's office will amend the san francisco admin code for the assessor-recorder over the last 3 years we've get a program to help to eliminate the wait times it helps our financial transactions when voters come to our office for licenses thank you for your time and i'll be happy to answer any questions. >> straightforward not controversial thank you. >> so this item open up for public comment any public comment on this item? >> this is recommended to the resolving fund. >> for any teaching as the promotional study i had a wide area of established my area of sdrin for the holy which is striking san francisco region thank you. >> thank you before we go vote on this item like to have a motion do we need a motion to excuse supervisor tang important this one item. >> more one further item. >> i'll make a motion to excuse supervisor tang for item two. >> second we'll take that without objection. it

stocks in london down a little bit lower. happy friday. jonathan: good morning and welcome back this is bloomberg tv we are live in the city of london. u.s. media shares retreated for the second day in the biggest selloff since 2008. more than $60 billion of value was lost. sending by, quite a few losers on that board. >> we are certainly talking about losers. it was sparked by disappointing results from disney after the close of trade on tuesday. that spread to other media companies. you can see them here, quarterly reports from cbs to 21st century fox to viacom showed not only shrinking ad sales, but the fact that profits were propped up by stock buybacks. index fell media 8.2% in just two days. that was the biggest slump since 2008. you can see that staggering drop, that erased all of the gains in this year for an index that is posted annualized returns and more than 33%. these stocks have not just been high-performing, but the rest of the u.s. bull market. $650 billion market cap, that is what we are talking about. since tuesday, that

and a tube strike in london causes chaos for commuters. in sport - andy murray's warm up to the u.s. open and the roast of the sport just ahead. >>> the top stories, shell fire in fallujah kills 7. there has been crossfire between those that control fallujah and the iraqi army >>> families of the missing passengers on mh370 say they do not believe that the debris from the missing jet has been found. chinese relatives demanded answers in beijing. 239 passengers and crews disappeared 16 months ago >>> hiroshima marking the moment it was flattened by an atomic bomb 70 years ago. you are looking at live pictures as thousands of lanterns are floating on the river. we'll cross to hiroshima, and bring in harry fawcett. with more on the commemorations taking place. >> that's right. this is the last major event of this 70th anniversary commemoration here in hiroshima. it's extraordinarily, really, when you look around here. the sheer numbers of people that have come to mark this moment. they set the lanterns off in the river below us, the scene of

. >> good morning on behalf of of xhooun i'd like to thank the supervisor president london breed and her staff in bringing this to committee that ordinance is a recommendation from the are controller's office will amend the san francisco admin code for the assessor-recorder over the last 3 years we've get a program to help to eliminate the wait times it helps our financial transactions when voters come to our office for licenses thank you for your time and i'll be happy to answer any questions. >> straightforward not controversial thank you. >> so this item open up for public comment any public comment on this item? >> this is recommended to the resolving fund. >> for any teaching as the promotional study i had a wide area of established my area of sdrin for the holy which is striking san francisco region thank you. >> thank you before we go vote on this item like to have a motion do we need a motion to excuse supervisor tang important this one item. >> more one further item. >> i'll make a motion to excuse supervisor tang for item two. >> second we'll take that without objection. it

in london. welcome to the show. anna: former ubs tom hayes is the first person to stand trial for manipulating libor and has been sentenced to 14 years in prison after being found guilty of conspiracy to rig the benchmark rates. the jury unanimously found him guilty. the sentence is among the longest for financial crimes in u.k.. guy: the u.k. government is selling a stake -- the world's largest bank bailout. they will cut taxpayer holdings to about 73%. seven years after it became britain's biggest casualty of the financial crisis. anna: u.s. federal prosecutors are invest -- investigating the lancet dollars of trade with deutsche bank on behalf of of russian investors. it suggested that the justice department probe focus on your trade which may have allowed rushing client to move funds out of the country without properly alerting authorities. guy: quick check in on what is happening with the market story this morning. the big move this morning is the aussie dollar. this at the rba drops its more aggressive languag

. >>> hello $ there, this is a newshour live from london. in the next 60 minutes - a cargo of dead - 50 refugees found dead. response trying to be found for those landing n europe shores. >>> the beaches here, as you can see, covered in life jackets and the remains of rubber boats >>> 12 people arrested in china in connection with the tianjin chemical blast that killed over 140 people >>> a decade after hurricane katrina, president obama heads to new orleans. plus, i'm charles stratford reporting from northern ethiopia, where conservationists are struggling more than before to save 1500 years of christian heritage in the churches of lalabella. >>> and here in doha, with all the sport, including usain bolt brought back down to earth after once again proving he's the fastest man in the world. >>> of the thousands of refugees arriving on european shores, the vast majority are the conflict in syria. european countries are not the only ones affected. the country is at capacity, and up to a million may flee syria. according to the united nations,

it is 13 minutes past 7:00 in london. ♪ caroline: it is 7:16 in london. 8:16 in frankfurt. guy: china has reduced its daily fix on the u.n.. .- on the yuan this comes as the people's bank of china falling through on its promise to give the people more say. stockse: emerging-market end in a bear market. concerns that china will curtail imports. the selloff took the emerging market index from a peak last september to a 20% fall. that is the threshold for a bear market. company -- one of its two french factories put in more hours. it will take operations elsewhere if no agreement is reached. caroline: let's return to china. let's get back to our top story. here is what our guest has been telling us about the yuan's continued plunge. >> week exports were part of the reason. the central bank would never admit it. i don't think this is the only reason. i think the and imf -- i think the imf factor is important. china wants to get this in the basket. go off schools that have removed. >> they can take this currency wherever they want. they claim it is a one-off. i doubt it. it is n

and this is the news hour, live from london. coming up. hundreds of people reported injured by a massive explosion in china. >> enough is enough. >> the u.n.'s peace-keeping chief in the african republic, calling an end to rape and murder. >> held by yemen's houthi rebels for months. and the starlight express. when stargazers can expect an action -packed night ahead. >> the pressure is on in the nfl scandal, better known as deflate gate. one of the game's biggest stars headed to court, looking to clear his name. >> hello there. welcome to the news hour. at least seven people have been killed after a huge explosion in the chinese port, hundreds of people have been injured. the chinese state broadcaster is reporting an explosion just before midnight. posted on line, a series of major explosions. it was followed soon after by a shock wave that rippled through the city. hours earlier, an american was missing inty an gin. >> i was listening. >> i heard it and looked outside. these are development hours, mostly factories and banks, pretty close

this is the news hour live from london. coming up in the next 60 minutes iraq's kurdish leader calls on pkk fighters to withdraw from their positions in the north to protect civilians from turkish airstrikes. talks on what was billed as the biggest trade deal in history ends in dead deadlock. zimbabwe announces it's new restrictions on hunting after another lion is killed on its game reeverybody. >> and we have more on the robot robotic kitchen this is crab bisque. >> more on the indigenous sportsman who is booed at every match. >> hello turkey says it will investigate reports that civilians were killed in an operation targeting a pkk camp in northern iraq. kurdish authorities have called on pkk fight tours leave their bases in the north of the country to save civilian lives. well the regional kurdish president said that pkk separatists must withdraw to help reduce violence in the area. it accused turkey of bombing civilians. both the pkk and turkey now need to resume peace talks. al jazeera's report from the turkish city.

i figured that justified it because i had only ever done it in london. then it turned out people couldn't do that. so i did it in london which was wonderful. i loved the play with all my heart. i think it's a brilliant thing in the world it hadn't been produced majorly for a long time. david had kind of protected it. and you know, i love it. so i figured. >> rose: what do you love about it? >> i love the fact that it's-- it's funny in a way that i find heartbreaking. it's-- i love the way that the broader issues are perfectly and invisibly integrated into the story of two people trying to come to terms with one another on a personal level. i love the fact that it's like a-- it's built like a bomb, it's like a clock. it's beautifully put together so that it unlocks something in the audience so they go away hopefully full of hope and about personal relations and indeed about things more universal. i think it's one of the rare occasions where those two things are beautifully integrated, as i said. >> rose: you didn't want to do it because of michael -- mich