15/03/2017 100 Days


15/03/2017

As President Trump takes office, Katty Kay in Washington and Christian Fraser in London report on the events that are shaping our world.


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Transcript


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Hello and welcome to One Hundred Days.

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The biggest cyber attack in history and America says the Russian

:00:14.:00:16.

The Department of Justice charges two FSB agents,

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who worked with criminal hackers, to steal details of 500

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Hackers stole names, email addresses and passwords

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from Yahoo in the latest cyber-attack that US agencies

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This indictment details how Russian officers conspired and carried out

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one of the largest cyber intrusions in US history.

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The Republican Chair of the House intelligence committee says he does

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not believe President Trump's claims that his phones were tapped.

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As the US economy continues to grow, the Federal Reserve raises rates

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Also, the polls are soon to close in the Netherlands.

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Trying to see off the challenge of far right leader Geert Wilders,

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the Dutch Prime Minister urges voters to defeat what he calls

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The British Government is forced to reverse a planned tax hike

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And a BBC investigation into the European lorry

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drivers who move goods for IKEA among others.

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So poor they live in their cabs for weeks on end.

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I'm Katty Kay in Washington. Christian Fraser is in London.

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Two Russian intelligence agents are being hunted by the FBI

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for their part in the biggest cyber attack in history.

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In 2014, the details of 500 million Yahoo accounts were stolen,

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including the details of US Government officials.

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The FBI says the Russian agents were paying and protecting

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One of the hackers was arrested last week in Canada.

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The agents, seen here, worked for a unit, within the FSB,

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that was supposed to be a point of contact for law enforcement,

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The acting assistant attorney general is Mary McCord.

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The defendants include two officers of the Russian Federal Security

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service and intelligence and law enforcement agency of

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the Russian Federation, and two criminal hackers

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with whom they conspired to accomplish these intrusions.

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Dmitry Dokuchayev and Igor Sushchin, both FSB officers, protected,

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directed, facilitated and paid criminal hackers to collect

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information through computer intrusions in the United States

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They worked with co-conspirators Alexsey Balan and Karim Baratov

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to hack into the computers of American companies

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providing e-mail and Internet related services.

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This indictment details how Russian Federal Security Service

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officers working together with criminal hackers conspired

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to plan and carry out one of the largest cyber intrusions

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Well let's speak to Matthew Rojansky, an expert on American

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relations with Russia at the Woodrow Wilson Center

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The FBI has suspected this for a long time that the Russian

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Government is working with private cyber hackers but this is a first

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time we'd seen evidence emerge? I don't think it's the first time.

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It's not the first time that governments will have mixed with

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hackers for hire. It's a first that the US is taking action, against the

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Russian intelligence law enforcement officers who are counterparts at the

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FBI who are alleged to have been running this, and it's fascinating

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because one of the two officers was already arrested by the Russians

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themselves in January, accused of being a double agent working for the

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United States or something else, then released for his protection

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because he was cooperating, and now it has the US levelling the charge

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at him and it looks like it going to blow up in someone's base. What are

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the ramifications going to be in terms of US and Russian relations at

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a time when Russia is under investigation for hacking into the

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US election last June? This is why this is so important, fascinating

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and frankly tragic to watch. This underscores just how badly this

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relationship is damaged at this point. This will officers who were

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supposed to become or deleting nationally with one another, just a

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few years ago as part of the bilateral president commission,

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these guys are now literally charging one another with espionage

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and going after each other. The second problem, maybe it will end up

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being an independent investigation, but the panic and the fear in

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Russian meddling in United States politics, now the US justice

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department and courts, is substituting for US foreign policy

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on Russia, because what is not happening, is a formal policy

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position on Russia. Real negotiations with them, managing our

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security and mutual relationship with them. Our Congressional

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proceedings, this investigation, the public bus in the media, these are

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now substituting with an actual policy for Russia. The problem is

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going to be that anyone who wanted to develop a Russia policy in

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Congress would think twice, because at the moment, Russia is seen as

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hugely toxic and that is part of the problem, isn't it? I think Matthew

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isn't hearing Christian so let me put that point to you. Who would put

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forward such a policy when Russia itself is scene so toxic? I'm afraid

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I think we lost Matthew there. But that was fascinating, the idea that

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there is no rush up policy and effectively only investigations into

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Moscow. In Russia in terms, you wonder where it ends because part of

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the things that Matthew has been talking about is that this is going

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nowhere. If you keep going so far with Russia, it just ends up in a

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dark place, so they had to have this Russian policy.

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In another story linked to intelligence agencies,

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President Trump is coming under increasing pressure to provide

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evidence of the alleged wiretapping of Trump Tower which he blamed

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on the former President Barack Obama.

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on the former President, Barack Obama.

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We've been hearing from the Chairman of the House Intelligence Committee,

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Republican Congressman Devin Nunes today - who's been leading

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As I told you last week about the issue with the president

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That evidence still remains the same that we don't have any

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evidence that that took place, and in fact I don't believe

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in the last week of time, the people we talk to,

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I don't believe there was an actual tap of Trump Tower.

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He was the Republican we heard from last week. He said you shouldn't

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take what the President is saying literally. He is obviously getting

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frustrated and you can see why, because the president could put this

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to bed immediately. He could get classified the documents and

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everybody would know whether Trump Tower had been wiretapped. One of

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the suggestions from Sean Spicer was in fact what the president wanted

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was to open a Congressional enquiry into all this, not necessarily to

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prove that President Obama has tapped President Trump's bone during

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the campaign. But that's not what he tweeted. He clearly tweeted that

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Barrett Obama had tapped his phone and was a bad or sick person. Did

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Trump's campaign operatives get caught up in the wiretapping of

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Russian entities, couple of banks have been mentioned, so was that an

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issue. But he's having problems with that because that's not what Trump

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tweeted. After the economic crash of 2008,

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US interest rates were slashed and they have barely shifted since,

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they have been dragging along at just over 0%

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for over seven years. But in the past hour the US

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Federal Reserve has made a move, it is nudging up the rate by just

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a quarter of a percentage There could be more

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rises ahead this year. And that is because suddenly

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the ultra-cautious Fed has seen green shoots in the American

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and global economy. Janet Yellen the Chair of the Fed

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is preparing this president, indeed the world, for rising

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interest rates and The economy continues

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to expand at a moderate pace. Solid income gains and

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relatively high levels of consumer sentiment and wealth have

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supported household spending growth. Business investment, which was soft

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for much of last year, And business sentiment

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is at favourable levels. Overall, we continue

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to expect that the economy will expand at a moderate pace

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over the next few years. Well, to tell us why

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all of this matters, and what it means not just

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for the American economy, let's speak to Diane Swonk of DS

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Economics in Chicago. That's the real story here, isn't

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it? The interest rate hike is a reflection that the US economy is

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doing well. Absolutely, it's an underlying of economic fundamentals,

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no pre-emptive strike about what fiscal policy may come down the road

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and finally, the Fed is getting there and they are reacting to it in

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a way that is expected. I think another key point is the statement

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itself is less hawkish than expected, highlighting the symmetry

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of the inflation target. There was also a dissent, but highlighting the

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symmetry is that the Fed can overshoot a bit on interest so it

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will undershoot on unemployment because it has affected workers.

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That's where the debate will be going forward. We have her sounding

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optimistic, you saying that this is a good sign about the US economy,

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art we are hearing from American voters that they are unemployed and

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underpaid and that there is a large section of the US workforce that is

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not at all feeling optimistic which is why they voted for president

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Trump. I think that's why one of the reason that there is symmetry in

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this target, it will be debated as to how high they will let it go and

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how low they will allow employment to grow.

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Now they have the ability to allow the economy to run a little hot.

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What has happened in the 90s is beginning to happen now and it's

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necessary, we need fiscal policy better tune to this and it's

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necessary to re-engage those workers round the sideline. You are finally

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seeing firms investing in training, this was something that wasn't

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happening. She is hoping the upgrade of skills will trigger some

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innovation as well. Indulge me as a Brit, amid the Brexit stuff, if we

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have a world economy where the US is pushing up rates with the UK is

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keeping its rates at rock bottom, so does that mean the pound remains low

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and our import prices go up? Unfortunately, I think you are stuck

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with that. I was there in England during the Flash crash. It's

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important to understand that we are seeing more symmetric central bank

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policy. The ECB is not quite ending with this change but there are some

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hawks in the mix of their flock and that means there will be less

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accommodation, less pushing of accommodation with the European

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Central Bank which will slow the appreciation of the dollar. It's

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different in the UK. All of these uncertain sees, article 50, the

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referendum in Scotland complicating your mix. We needs that US trade

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deal, Diane. We will send you our cheap exports!

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President Trump clearly in optimistic mood on the state

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It will only get better as we continue to slash

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unnecessary regulations and when we begin our big tax cut!"

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I've seen a few of these tweets from him with the Dow industrial average

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going up, is he claiming credit for things that were done by Barrett

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Obama? Of course. -- President Barrett Obama Barack Obama if he

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gets his regulations through however it will be big for America, but

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nobody will deny that there is the prospect here of a big fiscal

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stimulus. If those policies managed to get through. We are going to talk

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to a trader in Chicago. So we can ask him about that

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Well speaking in the last half an hour to car workers in Detroit,

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President Trump had this to say about US Trade with

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They have said these chronic trade deficits have helped us

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I don't want friends abroad if that's what it is going to take.

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We don't need friends abroad like that.

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Did you ever see that, where they said, "No, no,

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it's good for us because people like us abroad"?

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that's the kind of thing we heard during the course of that campaign.

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We don't think all Americans are stupid.

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Polls are due to close within the hour in the Netherlands

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in an election that many see as a big test of the way

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in which the winds of populism are blowing in Europe.

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We know already that turn-out has been higher

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than the last election, five years ago, and if you've been

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tuning in these past few days you'll know the ongoing row with Turkey has

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Attention is focused on the far-right Freedom Party

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candidate, Geert Wilders, who has mounted a challenge

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to the centre-right party of Prime Minister Mark Rutte.

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Here's what both candidates had to say after casting

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Well, I say if you don't like the idea, don't come to Holland.

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You are free people, you can decide where or where not to go.

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I hope that we have less is on in Holland.

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I hope that we have less Islam in Holland.

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I think Islam and freedom are not compatible.

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You are free to go and still leave whenever you want,

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Having a political leader who wants to take away the Koran

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from Muslims in the Netherlands, who wants to close our mosques,

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who is basically talking about not taking the necessary decisions

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And populism, there is nothing wrong with populism.

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The wrong pull of populism is not addressing the real

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issues of the people, only making them bigger

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Ros Atkins spoke to us from The Hague a little earlier.

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In a normal year, we might see the Dutch election

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as a bit of an outlier, but if the trend continues

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and Geert Wilders does well in this poll, could that set the tone

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Certainly the Prime Minister here, Mark Rutte, thinks so.

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He has been repeatedly warning that there shouldn't be any sort

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of domino effect from Brexit to Donald Trump to the Netherlands

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and then on to the French election and the German election afterwards.

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I would say that the politicians involved, whether it is Donald Trump

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or those who campaigned for Brexit or Geert Wilders, the far right

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leader here, or Marine Le Pen in France, they all really push back

:18:59.:19:01.

at this idea that they are all connected.

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They all say they are making national campaigns and national

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Nonetheless, the reason the foreign media is here in such

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We want to see what impact Brexit and Donald Trump's victory has had

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on the thinking of the Dutch voters and we are looking for clues

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as to which way France and Germany may go later in the year.

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I think I am right in saying that none of the polls in the Netherlands

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have suggested that Geert Wilders is going to actually win

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so the question is how much has he influenced the policy debate?

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How much has he pulled Mark Rutte to the right

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on issues like immigration and European integration?

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It is beyond doubt that Geert Wilders has managed to do that.

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Most commentators would say this is absolutely the case,

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that Mark Rutte and not just Mark Rutte, because remember there

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Many of them, not all of them, but many of them have picked up

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on the issues of immigration, integration and Islam,

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the three Is which Geert Wilders has concentrated on,

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and they have put out strong statements on that.

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In terms of the practicalities of power here in the Netherlands,

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Geert Wilders was leading some of the polls for a while but no

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All of the other big parties say they will not work with him

:20:15.:20:20.

so unless there are some major U-turns or the polls are hugely

:20:21.:20:23.

wrong, Geert Wilders is not going to get a chance to be part

:20:24.:20:26.

of a coalition government and so he will stay outside of power.

:20:27.:20:40.

So interesting, that Dutch election. Who thought we would be focused on

:20:41.:20:48.

that? Is getting a lot of coverage here in the US. It's such a

:20:49.:20:52.

bellwether not just for what's happening there but around the

:20:53.:20:58.

world. We will have an exit poll so stay with us for that.

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Lots of questions today over a portion of Donald Trump's

:21:02.:21:04.

The document was revealed last night on MSNBC.

:21:05.:21:11.

This is what we're talking about - two photocopied pages obtained

:21:12.:21:16.

by the Pulitzer Prize-winning journalist, David Cay Johnston.

:21:17.:21:18.

They show that in 2005 the real estate mogul Donald Trump paid

:21:19.:21:21.

$36.5 million in income taxes, on earnings of $153 million.

:21:22.:21:23.

This looks pretty good for Mr Trump. We will talk about that in a second.

:21:24.:21:35.

Well an indignant reply from Donald Trump earlier

:21:36.:21:37.

"Does anybody really believe that a reporter,

:21:38.:21:39.

who nobody ever heard of, "went to his mailbox"

:21:40.:21:42.

First off, that reporter has written a book on Donald Trump so I'm

:21:43.:21:58.

guessing he knows who he is. What is more interesting is that is a client

:21:59.:22:04.

copy. It doesn't tell us very much. So it's not come from the inland

:22:05.:22:10.

revenue. It's come from somebody who was sent a copy of that. David is

:22:11.:22:16.

saying it might have come from the president himself. So, David went on

:22:17.:22:23.

rachel-mac die's show, she's a left-leaning commentator. David went

:22:24.:22:30.

on her show and said these came into my inbox and then he speculated that

:22:31.:22:35.

Donald Trump himself may have actually leaked them to him so that

:22:36.:22:39.

they would get out there. There is some history of this. It sounds like

:22:40.:22:45.

a crazy conspiracy theory, but there is a history of Donald Trump

:22:46.:22:51.

bringing up reporters in New York during the 90s pretending to be

:22:52.:22:58.

someone from the Trump empire spreading flattering stories about

:22:59.:23:03.

him. It is possible. It's not beyond around. Not totally beyond the realm

:23:04.:23:12.

of possibility. They look good, those tax returns. It makes you

:23:13.:23:17.

wonder why he didn't release the mole if they all look that good. We

:23:18.:23:21.

will have to wait for more information on that.

:23:22.:23:59.

President Trump will unveil an outline of his budget on Thursday.

:24:00.:24:02.

It will be short on detail, which is why it's nicknamed

:24:03.:24:05.

a "skinny budget", but it should give an indication

:24:06.:24:07.

of how he intends to deliver on his campaign promises.

:24:08.:24:09.

The importance of staying on message can't be underestimated.

:24:10.:24:11.

Just ask the UK Chancellor of the Exchequer, Philip Hammond,

:24:12.:24:14.

who was forced today to scrap a plan to raise National Insurance

:24:15.:24:16.

Contributions for self-employed people, announced in

:24:17.:24:18.

Reducing the unfairness of the difference in the tax

:24:19.:24:21.

treatment of those who are employed and those who are self-employed

:24:22.:24:24.

But this government sets great store in the faith and trust

:24:25.:24:28.

of the British people, especially as we embark

:24:29.:24:30.

on the process of negotiating our exit from the EU.

:24:31.:24:32.

By making this change today, we are listening to our colleagues

:24:33.:24:35.

and demonstrating our determination to fulfil both the letter

:24:36.:24:37.

and the spirit of our manifesto tax commitments.

:24:38.:24:39.

Let's bring in our political correspondent, Alex Forsyth who's

:24:40.:24:41.

A U-turn in the space of the week amounting to ?2 billion. The Cabinet

:24:42.:24:46.

didn't know about it which begs the question is his job under threat?

:24:47.:24:49.

It's a damaging day for him. And to some extent for Theresa May. In the

:24:50.:24:52.

UK, the budget is a big deal and this change to national insurance

:24:53.:24:55.

was right at the centre of Philip Hammond's budget. A week later, he's

:24:56.:25:00.

having to pull back from it and he's left with a financial hole, and he

:25:01.:25:12.

is also accused of incompetence. The Government is entering into Les

:25:13.:25:16.

Brexit negotiations, though not a good date for the Government here in

:25:17.:25:25.

the UK. -- a good day. You are watching 100 Days.

:25:26.:25:36.

We ask why drivers who work at IKEA are living in their cabs and about

:25:37.:25:48.

bringing North Korea into line. If you had the sunshine, no doubt

:25:49.:26:19.

you will be wondering about what a glorious Dave. Gravesend experienced

:26:20.:26:28.

temperatures of 19 Celsius. 17 is the highest Wales have seen this

:26:29.:26:37.

year. On the coast of south Wales however common 9 degrees. Some

:26:38.:26:41.

outbreaks of rain in the north and north-west of Scotland. Some of that

:26:42.:26:46.

reaching into Northern Ireland later. Still some breaks in the

:26:47.:26:55.

cloud. There could be a few mist and fog patches. Into tomorrow and

:26:56.:27:00.

high-pressure has been pushed away by a weather front with outbreaks of

:27:01.:27:05.

rain. Some lighter patchy rain affecting the North of England is as

:27:06.:27:11.

we go to the first part of the morning. Still some sunshine.

:27:12.:27:27.

A spell of heavy rain will move through Scotland before clearing.

:27:28.:27:42.

Sunny spells following, but turning wintry in the Scottish Highlands. A

:27:43.:27:46.

substantial band of rain reaching into the northern England and Wales.

:27:47.:27:50.

The cooler air behind this cold front will filter its way south

:27:51.:27:55.

across the UK during Thursday night. Out of about on Friday morning

:27:56.:28:03.

dropping into low single figures and those showers giving some sleet and

:28:04.:28:07.

snow to relatively low levels in northern Scotland. Rain pushing in

:28:08.:28:16.

from north-west to south-east across the UK for a wet, windy picture to

:28:17.:28:20.

end the week will stop this will continue into the weekend. Wendy,

:28:21.:28:29.

feeling cooler, wetter at times but some dry, brighter moments too.

:28:30.:30:09.

The US Department of Justice has charged two Russian intelligence

:30:10.:30:17.

agents over the theft of data from half a billion Yahoo accounts

:30:18.:30:20.

in one of the largest cyber-attacks in history.

:30:21.:30:22.

The Congressmen, Facebook and a race to Washington.

:30:23.:30:39.

America's new Secretary of State Rex Tillerson has arrived

:30:40.:30:42.

in Asia at the start of a four day tour of the region.

:30:43.:30:47.

The talks - which will take place in Japan,

:30:48.:30:50.

South Korea and finally China - the issue of North Korea

:30:51.:30:53.

and its recent missile launches is top of the agenda.

:30:54.:30:55.

Here with us is Balbina Hwang, a former special advisor

:30:56.:30:58.

to Ambassador Christopher Hill - he was Assistant Secretary of State

:30:59.:31:01.

Thanks very much for coming in. In a way this area of the world

:31:02.:31:13.

represents a microcosm of the challenges that America faces, Japan

:31:14.:31:17.

that is nervous about North Korean missiles landing in the Sea of

:31:18.:31:21.

Japan, South Korea has just had its president ousted, you have got China

:31:22.:31:24.

and Bobigny knows really what the president monster do and then you

:31:25.:31:30.

have got North Korea on top of that, totally rogue and unpredictable. His

:31:31.:31:35.

Rex Tillerson prepared and ready to form US foreign policy in that

:31:36.:31:40.

region? Were on top of that you have basically the engine of the global

:31:41.:31:44.

economy as well, that is at stake. He seems to be a very capable man,

:31:45.:31:49.

one presumes that he has been given a certain set of marching orders and

:31:50.:31:53.

he is visiting at a very critical time. US representatives need to get

:31:54.:31:58.

out there rarely to reassure our most important allies about our

:31:59.:32:03.

future presence and the US's future role and of course to set the stage,

:32:04.:32:07.

for a positive stable relationships with China. It is unclear whether or

:32:08.:32:12.

not he has the manpower and the bureaucratic support because that is

:32:13.:32:15.

still very much in flux. We will see. President chump has rowed back

:32:16.:32:21.

on some of the more inflammatory things, throwing the one China

:32:22.:32:25.

policy in question, suggesting that South Korea and Japan should have

:32:26.:32:29.

nuclear weapons. The White House has wrote back but there is still an

:32:30.:32:34.

issue coming up to the approaches of North Korea. Rex Tillerson says that

:32:35.:32:38.

the State Department needs fresh approaches, he worked in the State

:32:39.:32:42.

Department, are there fresher approaches that the Obama to

:32:43.:32:47.

frustration didn't try. Actually I believe that Obama can illustration

:32:48.:32:50.

did try, but it takes two to tango or walls, or dance. North Korea is

:32:51.:32:56.

the one that is resistant, it was during the Bush years, Obama years

:32:57.:33:03.

and clearly now is willing to stand up to President Trump. I think the

:33:04.:33:08.

United States needs to unhinge frankly the role of China. I think

:33:09.:33:13.

what President Trump's role in the first hundred days shows, is that

:33:14.:33:19.

despite the inflammatory rhetoric, in fact when it comes to Asia he

:33:20.:33:22.

began to quickly understand, that decades-old policies of the US,

:33:23.:33:28.

meaning our stable allies, and being able to have a continued influence

:33:29.:33:31.

that is positive in Asia, he's essentially the way to go for the

:33:32.:33:36.

US. But isn't the point that will always miss about China when it

:33:37.:33:39.

comes to North Korea, that it sees it has a very useful ally, of course

:33:40.:33:44.

it doesn't like Kim Jong-un, it could have a more rational ally, but

:33:45.:33:49.

in a very volatile area, always thinking about conflict with the

:33:50.:33:53.

United States, North Korea is a pretty good buffer? Yes of course

:33:54.:33:57.

but I think North Korea has shown under Kim Jong-un in the last four

:33:58.:34:02.

or five years, then you could test recently have really, they are not

:34:03.:34:07.

really a test President Trump, the really a declaration of independence

:34:08.:34:11.

against China. I wouldn't so much call it an ally has a useful

:34:12.:34:15.

strategic asset for Beijing which is why paging is very reluctant to do

:34:16.:34:19.

very much to see that regime crumbled. And why frankly China is

:34:20.:34:25.

at a very difficult crossroads. Fascinating.

:34:26.:34:27.

Lorry drivers moving goods for Ikea and other retailers

:34:28.:34:30.

in Western Europe are camping out in their cabs for months at a time

:34:31.:34:33.

because they can't afford to live in the countries they're working in.

:34:34.:34:36.

The East European drivers are being paid at the levels they would

:34:37.:34:39.

A judge has described as ''inhumane'' the practice

:34:40.:34:45.

where companies are able to exploit loopholes in European law.

:34:46.:34:48.

In a trailer on the edge of Copenhagen in Denmark, Christian and

:34:49.:35:00.

Amelia have created their own pop-up kitchen. Cooking from scratch says

:35:01.:35:07.

their money. Is this how you want to have your breakfast? I don't want to

:35:08.:35:11.

live like this but this is the condition. He's moving goods for

:35:12.:35:15.

IKEA but they don't employ him. His actual employer is a Slovakian firm.

:35:16.:35:24.

He is paid Slovak wages. European Union employment rules state that a

:35:25.:35:29.

driver temporarily posted away from home should be guaranteed the host

:35:30.:35:33.

nation's minimum rates of pay and conditions. But companies are

:35:34.:35:39.

exploiting loopholes in the law. A Danish driver, can expect to take

:35:40.:35:43.

2200 euros or a month in salary but he has been taking home an average

:35:44.:35:53.

monthly salary of 477 euros or ?418 a month. This is my home, this is

:35:54.:36:03.

how I live, this is my bed, he I sleep. Danish tribes go home every

:36:04.:36:07.

couple of weeks but he spends up to four months on road. His company say

:36:08.:36:14.

that he is responsible for taking his rest breaks and the company says

:36:15.:36:20.

he can go home when ever he likes. He has just driven some IKEA stock

:36:21.:36:24.

from Denmark into Sweden, he only ever works in Western Europe,

:36:25.:36:28.

sometimes it might be Germany or Norway. He is being paid as if he

:36:29.:36:32.

was driving in Slovakia, yet he never works there. This is the

:36:33.:36:37.

biggest IKEA Tryster but centre in the world. It is in Dortmund in

:36:38.:36:44.

Germany. In front is a truck park turned campsite. Trade unions accuse

:36:45.:36:49.

IKEA of turning a blind eye to how haulage companies treat their

:36:50.:36:55.

drivers. IKEA would say this is many different layers of companies

:36:56.:36:57.

operating his contract and they cannot be expected to know. Yes but

:36:58.:37:04.

these guys, the Moldovan and Polish guys, they remove the furniture from

:37:05.:37:09.

IKEA. They touch the furniture, how can you deny it is IKEA. How can you

:37:10.:37:17.

deny what is being paid? Yes. In a statement IKEA say that they take

:37:18.:37:20.

the reports very seriously. It is not just IKEA and the big

:37:21.:37:30.

retailers that are in the firing line, Europe's politicians are also

:37:31.:37:35.

under pressure to act to stop any further deterioration in the working

:37:36.:37:43.

conditions of Europe's drivers. I think a lot of people to have been

:37:44.:37:47.

driving around Europe recently will identify with that. You often see

:37:48.:37:50.

lorry drivers living in tight conditions.

:37:51.:37:55.

Janet Yellen, the head of the Federal Reserve,

:37:56.:37:57.

It's the first rise of 2017 with more expected.

:37:58.:38:01.

The decision will have an impact on the business landscape

:38:02.:38:03.

here in the US and of course, will also have a ripple effect globally.

:38:04.:38:06.

Scott Shellady is a Chicago based stock broker who is currently

:38:07.:38:09.

in London getting ready to make the most of the opportunities that

:38:10.:38:12.

I recently saw him on a rival network and I spotted the jacket.

:38:13.:38:18.

That is why you are there, I thought I have got to get the jacket onto

:38:19.:38:23.

100 days. You are called on Twitter the cowman. Why are you in the

:38:24.:38:29.

jacket? It is a cultural background, my father had a farm, and he did the

:38:30.:38:33.

job that I did before the media and the big-money was in the market and

:38:34.:38:39.

he walks it so that everyone was reminded that there was an economic

:38:40.:38:43.

function, not just ambling. I took it on to keep the game rolling and

:38:44.:38:47.

then the big-money and the big media came in and everybody wanted to know

:38:48.:38:50.

what the money is with the cow jacket. You work in futures, so

:38:51.:38:55.

Tommy, we have got a lot of elections in Europe at the moment,

:38:56.:38:59.

are you watching the Dutch election as a bellwether of what his game to

:39:00.:39:04.

happen in France and Germany? Absolutely, we voted with our feet

:39:05.:39:08.

as a firm, obviously we know what happened in June last year with

:39:09.:39:13.

Brexit and then with Donald Trump in November and then the ball has come

:39:14.:39:17.

back with the Dutch and then the French and the Germans. Sir as a

:39:18.:39:20.

firm we think there is an opportunity here, we don't see

:39:21.:39:25.

Brexit, or nationalism or populism as per se as being a bad thing for

:39:26.:39:29.

this country or anybody else. It is going to be to marchers, there is

:39:30.:39:33.

going to be turmoil and that is what you like in the markets first thing.

:39:34.:39:36.

But also having your own sovereignty is not a bad thing. We have come

:39:37.:39:40.

over here because we think this will be an opportunity, I was here when

:39:41.:39:43.

we had a bunch of different currencies and now it is just back

:39:44.:39:47.

to one and Demi will go back to in a currency so we'll see what happens.

:39:48.:39:53.

This is a terribly exciting time. So let us get this clear, you are a

:39:54.:39:57.

financial services person coming to London when the rest are coming to

:39:58.:40:01.

the hills? Absolutely, I think there is a great opportunity and we know

:40:02.:40:05.

that there is some nervousness but at the end of the day no one can

:40:06.:40:08.

punish you for being in charge of your own sovereignty. That shouldn't

:40:09.:40:14.

be the case. Like everybody else who deals in financial markets you are

:40:15.:40:17.

very happy with the way things have gone since Tom Trump was elected. Do

:40:18.:40:22.

you have any concerns that we are looking at a bubble here in the US

:40:23.:40:26.

in financial markets and that this is something that could end badly

:40:27.:40:32.

that we are on a sugar high? I think things have been so bad for so long

:40:33.:40:35.

that we have got to unleash some animal spirits. I don't like to see

:40:36.:40:39.

things go straight up all of the time, that is not healthy, but could

:40:40.:40:45.

we have a 2% of 5% retrenching, yes. But we have almost gone up in a

:40:46.:40:49.

straight line so nothing is healthy that does that. We will retrench and

:40:50.:40:53.

that would be good going forward. At the end of the day we are still

:40:54.:40:58.

trading on a bit of hope, we are on fumes and we need to see those

:40:59.:41:01.

policies come through and the rubber meets the road. If you things are

:41:02.:41:04.

but we are going to need a lot more to sustain the market at these

:41:05.:41:13.

levels. Did you really just say hopium? Decided. You are a

:41:14.:41:18.

Republican, you didn't initially planned for Donald Trump at you

:41:19.:41:21.

thought he was the best bet once he got the ticket? Yes if you are for

:41:22.:41:25.

lower tax and better regulation, less regulation then by default and

:41:26.:41:32.

he is who is at the party. To another degree, that is how he gets

:41:33.:41:37.

to his core base, Twitter. To be honest, after what we saw what

:41:38.:41:40.

happened with a lot of folks being in bed with the media and

:41:41.:41:44.

underhanded things happening, that is one true way that he can get to

:41:45.:41:48.

his people and have it be his words. Part of me understand, but maybe he

:41:49.:41:53.

should be a bit more judicious. We are out of time, will you come back

:41:54.:41:58.

and see us? Absolutely. We will join him on the Chicago trading floor.

:41:59.:42:03.

Chris and I want to get to this before the end of the day, we

:42:04.:42:08.

mentioned this odd couple, costs Texas congressman, a Democrat and a

:42:09.:42:12.

Republican have been live streaming their journey from San Antonio to

:42:13.:42:16.

Washington. There has been a lot of political talk and doughnuts. There

:42:17.:42:27.

you go. Thank you. That is a good doughnut. They decided to share a

:42:28.:42:33.

car after their flights to Washington were cancelled because of

:42:34.:42:36.

the snowstorm in the north-east there are currently rushing to make

:42:37.:42:39.

it back so they can cast their votes on the house floor in a queue as

:42:40.:42:45.

time. Breaking news, their GPS party tells them they are going to arrive

:42:46.:42:50.

here in Washington at 6:20pm, that vote is scheduled for 6:30pm. If it

:42:51.:42:55.

was me driving I would be a bit concerned. Brent, that is it for 100

:42:56.:43:01.

days, join us again at the same time tomorrow, from Cathy and me, goodbye

:43:02.:43:03.

for now.

:43:04.:43:14.