intricacies work. let's move on, cyber attacks, long—lasting business impact, according to lloyds of london. it is onlyjust think one, it isa london. it is onlyjust think one, it is a slow burning issue, they are now going to be part of every company's now going to be part of every compa ny‘s thought process. now going to be part of every company's thought process. it says it isa company's thought process. it says it is a large industry in ensuring these things, 2.5 billion, so as you we re these things, 2.5 billion, so as you were saying, with every challenge there is also opportunity for the market. one person's night there is another person's dream. we have heard about the consequences, companies not able to do business, but this is the kind of wider look, you will get this, there is more for businesses to consider. ata time is more for businesses to consider. at a time where technology makes business easier, there is the flip side and the challenge, and people like lloyds are trying to work in this market as well. the uk heading towards another credit crisis, this is from ma

using taxpayers money to rescue rbs and lloyds, ba rclays came here, to qatar, for emergency cash to keep it afloat. in 2008, barclays raised a total of £12 billion from middle eastern investors, including qatar holding, the state—owned investment fund. there was a sweetener, £332 million was paid to qatar for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays, lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mp5 in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on, it i have to say, given the extreme fragility of the sentiment in the markets at that time, i'm very glad indeed that we managed to raise the capital that we did raise at that time. government ministers at the time have a different explanation. barclays did not want to have anything to do with uk government money. i

lloyd says the move was unexpected. this announcement came out of the blue. tesco house has been here in cardiff since 1990. it's a call centre but also i am told they handle some payroll accou nts told they handle some payroll accounts and financial services from here as well. we understand that this was a shock announcement really for a lot of people who work here. it's been described by the unions as a devastating blow and notjust for the workforce but also the wider economy here in south wales. tesco have said they want to focus their customer services operation on their base in dundee in scotland where they already employs 900 people. they say they are going to create an extra 250 jobs. we have had a statement from tesco today, its chief executive matt davis says they have to ensure they run their business in a sustainable and cost—effective way whilst still meeting the challenging needs of customers. he did say this was a very difficult decision and you want to support the staff here. the unions now will be entering into a consultation period with the company, it's been descri

searching a residential address in the pentwyn area of the city. as our wales correspondent sian lloyd reports. more than a 150 miles from finsbury park, this house in a quiet residential street in cardiff is a central part of police investigation. the home of darren osborne, originally from weston—super—mare, who has been living here for ten years with his partner and four children. this woman and her family moved next door. darren osborne had helped her with diy. just a shock. he seemed an every day guy, i see walking the dog and taking the kids to school. he was never unpleasant to me. did you see him at the house yesterday? yeah, he was singing at dinner time with his kids as normal. his family issued a statement saying: they added: this family run—company has played a part in the investigation. the vehicle used in the attack came from here. managers at the company said they're shocked and saddened by what happened in finsbury park. they say they're helping the investigation. police continue to guard the family home this evening, during the afternoon i spoke to many people wh

. government was using taxpayer's money to rescue lloyds, barclays came to qatar for emergency cash. in 2000 eight, barclays raised 12 million pounds from middle eastern investors, including qatar holding, the state aid investment fund. it was a sweetener. 332 million pounds was paid to qatar for advisory services. payments that were not disclosed her not only that, but barclays lent 2 billion pounds to qatar holding to buy shares in barclays. lending others money by your shares is illegal. if it is proven that crimes were committed here, they won't claim who the victims were. to taxpayers did not have shell out, shareholders and barclays did better than rdf or lloyds. others will say that rules are rules. changeis approach helped culture throughout banking of not following rules. fraud convictions can carry sentences of up to 10 years. these are only charges. roger jenkins and another defendant have both said that they will defend themselves vigorously. company, said it was considering his position. bbc news. laura: next week mark steyn 220 years since hong kong was returned to chinese cont

challenges. daniela relph, bbc news, finsbury park. in a moment, we'll speak to our correspondent sian lloyd, who is outside the suspect‘s home in cardiff, but first to our correspondent lisa hampele at the scene in finsbury park. what has been going on today? well, we've just been talking, the bbc has been talking to a 13—year—old boy and his father who helped the man who died in the attack. now, the boy was pushed out of the way when the van careered was pushed out of the way when the van ca reered into was pushed out of the way when the van careered into the crowd, but his father, he tried to help the man, and he said that he had fainted, he was trying to help them when the van drove into him. this man was injured but not seriously. today, as you know, they are very proud of the multicultural society that they live in here, and they have been happily living together side by side for yea rs. living together side by side for years. people have been pulling together, flowers have been laid, schoolchildren have come at the end of the day to lay flowers, and there isa of the day to lay f

lloyd, reports. taking a step towards home. menai's arrival at this turtle sanctuary in gran canaria marks a new chapter in her remarkable story. she's defied the odds in getting this far, and will spend the next four weeks here. by her side, marine biologist frankie hobra, who has helped nurse menai back to health. here it is sunny and we saw the second day she was here she was basking quite happily, floating on the surface, relishing the sunlight on her shell. it's thought menai was swept off course, away from the south—western breeding grounds off africa, past the east coast of america and back across the atlantic, all the way to the uk in the gulf stream. when she was found last november, she was just minutes away from the anglesey sea zoo. the team there helped her overcome hypothermia, buoyancy problems and got herfeeding again. really, what we want to do was take her further south—west and release in slightly warmer waters where she is north of the breeding grounds and let her find her own way there. if that happens, menai will be back where she belongs, where experts hope

. while the uk government was busy using taxpayers' money to rescue rbs and lloyds, ba rclays came here, to qatar, for emergency cash to keep it afloat. in 2008, barclays raised a total of £12 billion from middle eastern investors, including qatar holding, the state—owned investment fund. there was a sweetener, £332 million was paid to qatar for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays. lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mps in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on it, i have to say, given the extreme fragility of the sentiment in the markets at that time, i'm very glad indeed that we managed to raise the capital that we did raise at that time. government ministers at the time have a different explanation. barclays did not want to have anything t

correspondent, sian lloyd, reports. taking a step closer to home. menai's arrival at this turtle sanctuary in gran canaria marks a new chapter in her remarkable story. she's defied the odds in getting this far, and will spend the next four weeks here. by her side, marine biologist frankie hobro, who has helped nurse menai back to health. here it is sunny and we saw the second day she was here she was basking quite happily, floating on the surface, relishing the sunlight on her shell. it's thought menai was swept off course, away from the south—western breeding grounds off africa, past the east coast of america and back across the atlantic, all the way to the uk in the gulf stream. when she was found last november, she was just minutes away from the anglesey sea zoo. the team there helped her overcome hypothermia, buoyancy problems and got herfeeding again. really, what we want to do was take her further south—west in the atlantic and release her in slightly warmer waters where she is north of the breeding grounds and let her find her own way there. we need someone with a boat or a ship, s

financials, the ceo and chairman of goldman sachs, lloyd blankfein. lloyd, welcome to "mad money." good to see you. >> cramer, good to see you >> have a seat we go way back, so we can go over a full range of issues. but i am thrilled that you're here >> great to be here. >> you know, you just -- just give us a sense of where things are. you know what's going on with the markets. people want to know what lloyd blankfein is thinking an't the world. >> i would say things are pretty good if you looked at things statistically, the numbers, the metrics, the u.s. is virtually full employment, low energy prices, growth -- rather the metrics are all positive most of the areas of the world are growing. again, not great trajectory of growth but they're growing. china is -- and i just got back from china china is doing okay. europe, again, 2% is not so bad given where expectations were. there's a lot of things going wrong, but it's not obvious they have to go wrong >> how about the united states what is your feeling about what trump's doing? i know you have obviously gary cohen in the administration.

truckers' jobs. carol: and the undiscovered frank lloyd wright. all that ahead on "bloomberg businessweek." ♪ oliver: we're back with "bloomberg businessweek" editor-in-chief megan murphy, to talk about more must reads in the magazine with a focus on jobs. a great story on target, a very company-specific adjustment going to have to be made here. tell us how you responded to the news about amazon and whole foods, and what it means for this other retailer? megan: responding to the news is a good way to put it. when news events happen, we have to think about what's added value and obviously this mammoth, disruptive purchase by whole foods by amazon for $14 billion is going to have knock on effect. you saw it immediately in the prices for the retailers. we wanted to focus on target and how their foray into the grocery market has been really challenging for them. it had a magic about its brand, it was on trend and attracted youth, and it was a cultivated upmarket brand at a down market price. now with amazon taking on whole foods, it's a really big threat to them, and we'll see

let's join sian lloyd in cardiff. huw, iam huw, i am outside city hall, which is where some of the welsh vote will be counted tomorrow, but how will voters here really pick their way through the general election issues, because so many of them are devolved? lines because so many of them are devolved ? lines really because so many of them are devolved? lines really have been blurred, because uk manifestos have been making pledges about devolved issues, like health and education. now, brexit has been a key is used here, wales voted to leave the european union. different parties have different views about how funding should be replaced. labour has traditionally been the strongest party, but we have had some insight into how the conservatives are viewing wales this time, three visits from team—mate during this election campaign. jeremy corbyn was in north wales today, but it has been the first minister, carwyn jones, who has led the charge for labour and wales, under the brand of welsh labour which they say has been successful in the past. plaid cymru hope to make gains, rhondda and

. lloyds banking group saying it has completed the acquisition of mbna, the credit card business. that gives them a share of 26%. full details on the website. you're watching business live — our top story... can the eu and china create their own alliance, cutting out america? there is a lot of concern of late about donald trump's plans to ditch the paris climate accord. eu and chinese leaders are meeting later looking to deal with worries on donald trump's stance on climate change, and trade. if you live in a city, town or village, your postal address is probably something you just take for granted. but millions of people live in communities so remote or so un—industrialised, that there simply is no address system. how do you find it? that's where our next guest comes in. he runs an alternative mapping company called what3words. the aim is pretty ambitious — to completely revolutionise the global address system. it aims to do this by splitting the globe into 57 trillion three metre squares, each described by a unique combination of three random words. it's already been taken up b

. two other soldiers were injured at castlemartin ranges on wednesday afternoon. sian lloyd reports. flags lowered to half—mast at castlemartin as a mark of respect for the two soldiers who died. two others were seriously injured during a training exercise carried out here by the wiltshire—based royal tank regiment on wednesday. inevitably, because they are trying to get as close as possible to the real experience of testing and firing their weaponry, there is a danger element, a risk element, attached to that. this just serves to remind us that, as i say, these guys put themselves in this position on our behalf on a daily basis. the castlemartin range is one of two training areas in the uk used for tank training, where live firing exercises can take place. it is understood this incident involved ammunition. what happened here is being investigated by the ministry of defence together with dyfed—powys police and the health and safety executive. for the moment, tank live firing at castlemartin has been suspended as a precaution. the ministry of defence has not yet released any i

thinking of health and education as they make their mark our wales correspondent sian lloyd is in cardiff. anglesey — the constituency of ynys mon has changed hands three times in the past 35 years. labour is fighting to hold on here. it's a target seat for both plaid cymru and the conservatives. so in a seat that has swapped political colours so often, what are the choices influencing this art group on the island? the benefits have been cut drastically for a number of people and a lot of people i am aware of are struggling at the moment. i think this election is all about brexit. it's important for wales to get a good deal. like wales as a whole, people on anglesey voted to leave the european union. in the run—up to the referendum, ukip gained ground amongst welsh voters. this political expert believes what happens to that vote now could be important in a number of welsh seats. the suggestion is that ukip will not perform as well as they did in the 2015 general election so which way will ukip voters swing? will they go to the conservative party? ukip voters may even go to par

to make gains in pro—brexit areas dashed. our correspondent sian lloyd now reports on the picture in wales. in gower this morning, the smiles of welsh labour said it all. the party's leader introducing two of their three new mps here. this seat was one they had been desperate to win back from the conservatives. we were told a few weeks ago that we would struggle in wales, that we would lose seats. he was the man who had led a very separate labour campaign in wales, but today carwyn jones was happy to acknowledge thejeremy corbyn factor in their successes here. we ran a welsh labour campaign in wales in tandem with the campaign across the rest of the uk. we listened, we worked hard, we produced a manifesto that people liked, and of course we saw us gaining seats in wales. labour not only made gains here but increased the size of their majority in many welsh seats. it appears they took votes from ukip that the conservatives had been banking on, and other parties were squeezed. what seems to have happened, quite clearly happened, is that the smaller parties, that company and the liberal

rescue rbs and lloyds, ba rclays came here, to qatar, for emergency cash to keep it afloat. in 2008, barclays raised a total of £12 billion from middle eastern investors, including qatar holding, the state—owned investment fund. there was a sweetener, £332 million was paid to qatar for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays. lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mps in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size and, looking back on it, i have to say, given the extreme fragility of the sentiment in the markets at that time, i am very glad indeed that we managed to raise the capital that we did raise at that time. government ministers at the time have a different explanation. barclays did not want to have anything to do with uk government money. i believe that was pa

endangered species. sian lloyd, bbc news. time for a look at the weather. here's jay wynne. hello. good afternoon and this is a picture for one of our weather watchers in kent earlier. that is where the best of the sunny spells have been so far. elsewhere, a lot of cloud out there and some rain to be had. not too heavy and not too widespread but it isa too heavy and not too widespread but it is a bit dull and damp across the south—west of the uk in particular, down towards newquay, some wetter weather and elsewhere, a lot of cloud and pockets of rain. we will see damp weather in the east of scotland. a cool day in aberdeenshire, temperatures not much higher than 12 or 13. drier in western scotland and northern ireland but rather cloudy. outbreaks of rain in northern england, particularly the north—east and patchy rain in parts of the midlands and maybe west wales. temperatures getting into the low 20s in the south—east where we have already seen some south—east where we have already seen some showers south—east where we have already seen some showers and that could turn

ranges on wednesday afternoon. sian lloyd reports. voiceover: flags lowered to half—mast at castlemartin as a mark of respect for the two soldiers died, two others were seriously injured during a training exercise carried out here by the wiltshire —based royal tank regiment on wednesday. inevitably, because they are trying to get as close as possible to the real experience of testing and firing their weaponry, there is a danger element, a risk element attached to that. this serves to remind us that, as i say, these guys put themselves in this position on our behalf on a daily basis. the castlemartin ranges is one of two training areas in the uk used for tank training, where a live firing exercises can take place. it is understood this incident involved ammunition. what happened here is being investigated by the ministry of defence together with death if powys police and the health and safety executive, for the moment, tank live firing at castlemartin has been suspended as a precaution. the ministry of defence has not yet released any information about those who were killed

plenty to watch including jim's interview with lloyd blankfein last night oil hits 43 and what lloyd blankfechlt in told jim about the market. tech ceos on their meeting with the president. and whole foods and amazon, how both companies see that deal making sense. >>> monday's tech rebound result in nasdaq's best day of the year, closing highs for the dow and s&p were not far away from posting double-digit year-to-date for all three, which we haven't done since 2013. >> no. and a lot of people felt coming into the year the market was overvalued, having had a big run after trump got elected. obviously, that was not the case there was more to it a lot of people would have felt if you had the federal reserve being as aggressive as it is, there's no way you could do it earnings worried about the strong dollar, we have a weaker dollar one thing i point out today will be oil it's going to be very messy. this is my level i felt it could get to those are big cap stocks f it goes too much lower, people will say, wait a second we've been buying. maybe demand is not as strong. because it's the

%. we'll continue to do that. >> you know, lloyd, well, it was his first ever tweet today. >> it was his first ever tweet. see. i didn't know he tweeted. >> he tweeted. he was very disappointed in the president's decision. i know you will got to go. let me give you one final question, today the president said he has created one million new jobs since taking office but the bureau of labor statistics says only half a million jobs have been added to the economy since the president took office. so where are the other half a million jobs that the president is taking credit for? where are they? >> i think the president was using the stats that came out this morning, the adp numbers that came out this morning. i think that's where that stat came from. >> but those are different than the bureau of labor statistics. that's part of the government. don't you support the bureau of labor statistics? >> of course we support the government, but some of those numbers aren't official yet for last month. >> so you're standing by what the president said that there's another half a million jobs that hav

months of talks. lloyds banking group completed a nearly 2 billion pound takeover of mbna's credit card business. its first major acquisitions and being bailed out by the government since the financial crisis. lloyd's says it will strengthen its position in the credit card asket and raise its presence a retail and commercial lender. genie: one lucky buyer will soon be able to own a piece of motion picture history. they will have to hustle to get it. a lot of people might be interested in this. the light of dance floor from saturday night fever is going up for auction. custom-built for the 1977 film. compartments50 that light up in rhythm to the music. on theor will go up block and los angeles at the end of june, caring and estimated price tag of $1.5 million. brian quan, thank you for that look at the business lose -- news. thanks for the press review. is it normal that i don't have sound? you guys? is that normal? you have sound, right? hehe's expected to announce will be pulling the u.s. out of the climate change deal which the huffington post says would have steep economic and s

was the majority investor in a real estate up -- enterprise. look at lloyd blankfein, who just started tweeting as a result of trump getting out of the paris climate accord, those have been very negative tweet. leaderlankfein, as the and embodiment of the firm, is clearly against the trump administration. anna: but he's happy he's got his people there. bill: we talked about that. i'd say it was a blessing and a curse for him. on the one hand, he knows gary, he can call him up. on the other hand ever since the financial crisis, goldman has been enduring a lot of the ire of the nation as a sort a sort of symbol of all that wall street did wrong supposedly during the financial lead up, it's not like the old days when he could call of hank paulson as the crisis was unfolding. scrutinizing things so closely, calling up gary or dena is not something he wants to be seen doing. david: he said that he found a validating that as trump was looking for good people it was good that they had goldman sachs -- affiliations. what did you uncover or learn about the relationship between lloyd blankfein a

starting then stopping) >>> welcome back to "fast money. goldman ceo lloyd blankfein sitting down in an exclusive interview with "mad money's" jim cramer moments ago jim joins us from the "mad money" studio. jim, glad to have you on what was the most interesting part of the video? >> lloyd's been tweeting, michelle, that's kind of oddi oddity that's not been the style of lloyd. take a listen. >> commented on immigration, on lgbt issues, commented on o the environment more recently, spending on infrastructure and the reason why i do it, it has to fall, in my mind, in one of a couple of categories. either it's something that is kind of in our wheelhouse of expertise, like for -- so i commented it will be very, very bad to let the u.s. government default. that's in our wheelhouse before twitter, i did those things by press release. the other thing i'll comment on is when things really affect the ability of our people to be who they are, and to do their job and be effective as professionals. >> i mean, to me, what he's saying, michelless, is basically like president trump, he's not going

saying after that shock defeat for andy murray. let us hear from peter fleming and john lloyd. it was almost shocking how he fell away. in the second set, i do not know if he was physically not feeling well. it started with those two match points in the tie—break. he was up a mini break 3—2, double fault. at the drop shot about one foot wide. it was a terrible shot. he almost started reeling from there. it was a question of getting this right and tuning again on the forehand side and getting the movement right. i think he will be fine. there's no reason to panic. what are the statistics saying? let us what are the statistics saying? let us take a look. the atp are tweeting that andy murray loses to a outsider for the second time. this is from bbc tennis. back to the practice court forehand. the top three men's seeds are out. stanislas wawrinka has lost two feliciano lopez. milos raonic has also fallen to another australian. let us look at that action. stan wawrinka beaten by the second spaniard in nine days, he lost to rafal nadal in the french open final over one week ago. in thi

and doing well. i was sitting around .300. a scout named lloyd christopher he from san francisco and was a contemporary of joe dimaggio and one of the hardest and toughest scouts in the game and said, when are you going to stop playing and star coaching. i hit a home run the night before and lloyd gets in my face and asked that question and i was 22 or 23. it was apparent to others that my tools were not good enough. charlie: it is hard to recognize. >> you need to be a good self evaluator and most of us are not at a certain point of our lives. i did keep it in the back of my mind and i was released by the angels and went into a couple of independent teams. monthed for $200 for the in my last month and i was commuting in a volkswagen. that is how i existed and i was living in a closet and that is not an exaggeration. that was the indicator that it was time to get out. charlie: what is the hazelton project? >> i went back home to my small and therennsylvania was a disconnect going on between the hispanics and the group that was already there. i went home and i was shocked by what

asked for privacy before any details are made known. sian lloyd, bbc news, pembrokeshire. a service is being held at southwark cathedral in the wake of the terrorist attack on london bridge nearly two weeks ago. the service of hope, as it's being called, had been attended by survivors and theirfamilies, and members of the emergency services. 0ur religious affairs correspondent martin bashir is outside southwark cathedral. the dean of southwark cathedral has said that while they were at the centre of those horrific events on june the 3rd, today's service is an opportunity for southwark cathedral to re—establish itself as a place of reconciliation, healing and it's also an opportunity community. it's also an opportunity to honour those whose lives were impacted by what happened. 0f course, those near 50 people who we re course, those near 50 people who were taken to five local hospitals those eight individuals who lost and those eight individuals who lost their lives. eight people who, by their lives. eight people who, by their own countries of origin, r.n. indication of how london is

johnson in san francisco. we would have to say lloyd blankfein and richard branson stand out. >> absolutely. we talked to richard branson after the announcement. he called it a sad day. americaingly, said that lost global leadership. i think the reaction has been interesting and rod -- broad. there have been so many people from different industries, tim cook, lloyd blankfein with direct words. this administration as a number of people from goldman sachs. lloyd blankfein said this was a setback for the environment and the u.s. leadership position in the world. that was exactly the tone richard branson had for us on air yesterday. what is interesting is this is a business issue, a leadership issue, but also an issue that business leaders have expressed in their roles as people, parents, grandfathers and grandmothers. it has affected a lot of people in a lot of ways. i think it is surprising to see such an outcry from the world of business. mark: elon musk withdrawing from that presidential panel as a result of this. what sort of blow to the president's credibility is that? >> m

in hand to the government. the financial crisis, banks in danger of failing, lloyds and rbs had to be bailed out. but barclays bank got billions of pounds of help from oil—rich gulf states, including qatar. now the charge is over how that was done. i am going to ask you one more time, move, please! the chief executive at the time, john varley, becomes the first head of a bank to face criminal charges from the crisis. if the allegations were to be proved, my sense is this would result in a fine for barclays, rather than the loss of its banking licence. it would be a fine that a bank of this size could comfortably handle. the individuals themselves, the fact of being charged itself must be a hammer blow. the five year investiagtion related to two bouts of fundraising in 2008 which raised £12 billion, mostly by selling new ba rclay‘s shares. it focused on more than £330 million of advisory fees paid to qataris. there were questions about the transparency of these payments, and a loan of over £2 billion made by barclay's to the state of qatar, just after the shares were being bough

seen at lloyds, lloyds was in a similar position post the financial crisis, but they have managed to clear the government shareholder so they are ina much government shareholder so they are in a much more normal position of being an ordinary listed uk company. let's talk about a0 world, their full year results show they made a profit in the uk, but made losses in europe and they warned about future uk trading. what's the outlook for the company? well, this highlights a theme that also relates to what you we re theme that also relates to what you were mentioning about retail sales. pa rt were mentioning about retail sales. part of the problem that a0 world are having if we think about the electrical goods in our homes, a lot are made overseas. and that means that as sterling has fallen post the brexit vote, imported goods have become more expensive and actually it has become harderfor become more expensive and actually it has become harder for people to afford them. if that's happening at the same time their incomes have been squeezed then they maybe deferring those purchases and it i

rescue rbs and lloyds, ba rclays came here, the state—owned investment fund. for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays, lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mps in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on it i have to say, given the extreme fragility of the sentiment in the markets at that time, i'm very glad indeed that we managed to raise the capital that we did raise at that time. government ministers at the time have a different explanation. barclays did not want to have anything to do with uk government money. i believe that was partly because of a political view that this would look like creeping nationalisation and also, quite frankly, because the uk government's money came with quite strong restrictions on bonuses. now, if it's proven that

as they make their mark at the ballot box. from cardiff, here's our wales correspondent sian lloyd. anglesey — the constituency of ynys mon has changed hands three times in the past 35 years. labour is fighting to hold on here. it's a target seat for both plaid cymru and the conservatives. so in a seat that has swapped political colours so often, what are the choices influencing this art group on the island? the benefits have been cut drastically for a number of people and a lot of people i am aware of are struggling at the moment. i think this election is all about brexit. it's important for wales to get a good deal. like wales as a whole, people on anglesey voted to leave the european union. in the run—up to the referendum, ukip gained ground amongst welsh voters. this political expert believes what happens to that vote now could be important in a number of welsh seats. the suggestion is that ukip will not perform as well as they did in the 2015 general election so which way will ukip voters swing? will they go to the conservative party? ukip voters may even go to parties lik

. 0ur wales correspondent sian lloyd has more details. in gower this morning, the smiles of welsh labour said it all. the party's leader introducing two of their three new mps here. this seat was one they had been desperate to win back from the conservatives. we were told a few weeks ago that we would struggle in wales, that we would lose seats. he was the man who had led a very separate labour campaign in wales, but today carwyn jones was happy to acknowledge thejeremy corbyn factor in their successes here. we ran a welsh labour campaign in wales in tandem with the campaign across the rest of the uk. we listened, we worked hard, we produced a manifesto that people liked, and of course we saw us gaining seats in wales. labour not only made gains here but increased the size of their majority in many welsh seats. it appears they took votes from ukip that the conservatives had been banking on, and other parties were squeezed. what seems to have happened, quite clearly happened, is that the smaller parties, that company and the liberal democrats, have faded away, and that centre—left vote

now not budging that much. >> lloyd blankfein speaking to jim cramer last night on "mad money. he said the economy is looking pretty good he said he is not completely on board with president trump's agenda but tax cuts, infrastructure spending and deregulation would be good for the economy. he also weighed in on the roll back of banking regulation and the volcker rule >> the overall need to regulate activity is good for us. the biggest risk of goldman sachs during the financial cray sis is that our counterparties may not be good for us we were worried about our counterparties to the extent you have certain things like stress tests, higher capital rules, certificate ain e tests, that's fine but if you put layers and layers, you bog down the system. >> blankfein defended ben bernanke and janet yellen. he said they may get the blame for shallow recovery but credit for avoiding a deeper recession. >> i like how he showed up in no jacket take off the jacket go with the shirt sleeves. >> you can't get to pick and choose when you want res regulation or more regulation. it sounds politica

davis cup captainjohn lloyd fears dan evans' failed drugs test could spell the end of his career. evans is 27 now, and faces the prospect of a four—year ban. he said he'd let a lot of people down. i was notified a few days ago that i failed a drugs test in april where i tested positive for cocaine. this was taken out of context and the competition. i made a mistake and must face up to it. i do not condone to anyone that this was acceptable behaviour. i have bought a lot of people down, my family, my coach, my team, sponsors, british tennis and my facts. i can only deeply apologise from the bottom of my heart. that is your sports renaud. time for a look at the weather. hello there. what a difference a week makes. last week we were looking at temperatures in the low 30s celsius. it will feel on the cool side in the northern half of the country where we have some strong winds. sunshine and showers for many this weekend, but where you get the sunshine it should feel warm, particularly today. weather watchers have been out in force taking pictures of the cloudy skies. many eastern a

state warriors and this home below i 580 belongs to lloyd. no doubt who he is rooting for.>> number one warrior fan.>> he tells me this is much more than a home. >> it's a monument. >> this monument as he calls it is more of a shrine painted by a friend years ago for less than the price of playoff tickets. >> less than $200. the whole house. >> the house is a tourist attraction turning lloyd into a local celebrity. >> not another house like this. the only one. >>reporter: fans honked their horns and do more.. >> everyone stops by and takes a picture. >> at 17 he sold sodas at the arena and share suspect yours.>> i'm smiling. >>reporter: he carries around a championship ring. >> together for $80? >> yes. i'm a real warrior. i'm on -- and is not on the court. >>reporter: it starts at the front and and in the back.>> does not look take? >>reporter: he will watch game five from home. he states he's caring for his 80-year-old mother, both of them a force to be reckoned with. but just like him, she wears her loyalty on her sleeve. lloyd says he doesn't suggest every warriors fan paint the

our wales correspondent sian lloyd reports. more than a 150 miles from finsbury park, this house in cardiff is a central part of police investigation. the home of darren osborne, originally from weston—super—mare, who has been living here for ten years with his partner and four children. this woman and her family moved partner and four children. this woman and herfamily moved next door. darren osborne had helped her with diy. usj a shock. -- just a shock. he seemed an every day guy, i see walking the dog and taking the kids to school. he was never up pleasa nt to kids to school. he was never up pleasant to me. did you see him at the house yesterday? yes, he was singing at dinnertime the house yesterday? yes, he was singing at dinner time with his kids as normal. his family issued a statement saying: this family run—company has played a pa rt this family run—company has played a part in the investigation. the vehicle used in the attack came from here. managers at the company said they're shocked and saddened by what happened in finsbury park. they say they're helping the inve

, but he insists he did not kill her. our wales correspondent sian lloyd is at mold crown court. janet commins's body was found near a school in flint three days after she was reported missing. the prosecution say that the 15—year—old had been raped and murdered by stephen hough. he turned 17 the day after her body was found. the jury here has been told it is an unusual case, it dates back a0 years and the jury case, it dates back a0 years and the jury was told that in the 1970s another man was prosecuted for janet's murder. he pleaded guilty to manslaughter. and he served six yea rs manslaughter. and he served six years in prison. he claims that he is not the killer and he says that he confessed, because of pressure that he felt was placed on him at the time. now, stephen hough was questioned back in the 1970s by the police, while they were carrying out their inquiry, the prosecution say he was arrested in 2016 following dna profiling and the doter was told about breakthroughs in science over those a0 years. stephen hough denies all the charges and the case here continues. thank y

failing, lloyds and rbs had to be bailed out. but barclays bank got billions of pounds of help from oil—rich gulf states, including qatar. now the charge is over how that was done. the chief executive at the time, john varney, becomes the first head of a bank to face criminal charges from the crisis. the first head of a bank to face criminal charges from the crisism the allegations were to be proved, my sense is this would result in a fine for barclays bank, rather than the loss of its banking licence. it would be a fine that a bank of this size could come to be handled. the individuals themselves, the fact of being charge itself must be a hammer blow. it relates to two bouts of fundraising in 2008 which raised £12 billion, mostly by selling new ba rclay‘s billion, mostly by selling new barclay's bank shares. it focused on more than £330 million of advisory fees paid to qataris. there were questions about the transparency of these payments, and a loan of over £2 billion made by barclay's bank to the state of qatar, just after the shares were being bought. john va rley faces t

laughing directed by paul toogood and lloyd stanton talks to comedians such as jerry seinfeld steve coogan chris rock about the creative process and psychology of making people laugh i went to london premiere the prince charles cinema. talked to some of the stars and directors film comedians john thompson stephen came. by. the differing. political power of comedy i think politics and comedy do but very very well because if you think about it comedian. is going to go over the wall that i can think of where you can actually say whatever you like as peter cook said when he set up the establishment. political. and specifically decide. at least absent club emerged in the. dying embers of the weimar republic before the nazis emerged so and he said draw your own conclusions that. it didn't stop the nazis it is never going to visit and he did this film with. death of stalin and one thing only it's time to end this disastrous democratic experiment we can't let the people decide what they want you need a stalin or so humfrey from us many that's for you they hate the ship sailing serenely through tur

2008 when rival banks rbs and lloyds sought government bailouts. ba rclays instead opted to seek money from qatar. but there are questions over how the funds were raised and what barclays offered in return. our business editor, simonjack, has the details. two bits of that transaction, of that fundraising, in qatar which prompted this five—year investigation, the first one was advisory fees that were not disclosed at first and eventually it was disclosed £332 million was paid to qatar holdings, who supplied the investment, as i say, in advisory fees, and there was a question mark over whether that advice was really nonexistent and this was reallyjust, if you like, a bung to their new benefactors in the middle east. the second was a loan that was made from the bank to qatar holdings around the same time of this investment and the charge there is that, essentially, the bank was lending qatar money to buy shares in barclays bank and that is what is known as unlawful financial assistance, a big no—no for regulators. those are the two charges. but possibly the most interesting thi

more on the event, we are joined by chef jordan lloyd from mint wood and the executive director of future harvest. so great to have you in here. making the place smell real good. >> this is our second year that we're doing it. we bring together top chefs and top farmers. we have celebrity farmers in our area as well. they unite together to provide ingredients thathe and to benefit future harvest. >> it's a lot of things. it looks like here on our table, you just picked yourself. tell me why you felt it important to be a part of this. >> as a cook and chef you want to provide the healthiest products available to all of your guests. the best way to do that is to support local and understand where your food comes from. but i know our time is limited so i better get started. we're going to put a little olive oil and fresh butter in the pan. what we're doing is a mushroom saute and garlic together. we have lions mane mushrooms. it goes with the mushroom. we're going to use our local garlic here to provide that little bite we're looking for. >> this is something we could get. >> this is

leverage for share buyback. nestle shares fell to its lowest in at least a decade. lloyd's of london is illuminating 10% of its u.k. staff to cut costs and streamline operations. the specialist insurance market has struggled with the low interest rate environment and pricing pressures. planlanned -- lloyds introduces a bond severance program. that is your latest bloomberg business flash. anna: still to come on the program, the trial of martin shkreli is underway. here is a former pharma executive, famous for hiking the price of a drug by more than 5000%. he will tell you how his bragging to the fbi may seal his fate to the prosecution in a securities fraud case. this is bloomberg. ♪ anna: welcome back, everybody. this is "bloomberg markets." i'm anna edwards. vonnie: i am vonnie quinn. martin shkreli is on trial today for securities fraud. his biggest regret that might just be a 2015 meeting with the fbi, which he attended without his lawyer. he boasted to federal agents that he made a fortune investing in lifesaving medicine. now his own words are part of the case against him. blo

culture and everyday life dying laughing directed by lloyd stanton the comedian such as jerry seinfeld steve coogan chris rock about the creative process and psychology of making people i went to london premiere the prince charles cinema. the stalls and the director of the film comedians john thompson. about the differing. political power of comedy i think politics and comedy very very well because if you think about it comedian. is going to cover the wall that i can think of where you can actually say whatever you like as a cook. and specifically did. emerge in. the dying embers of the weimar republic before the nazis emerged. and he said draw your own conclusions that. it is never going to you did this film. and one thing only. this disastrous democratic experiment. we can't let the people be thought well i want you need a stalling or so humfrey from us many thought that's for you they hate the ship sailing the really through turbulent if you've got the balls you could get up their new account change things things can be cherry look at short picking up all these implicit pat