19/07/2016 Newsnight


19/07/2016

With Evan Davis. Donald Trump claims his nomination but will he get the women's vote? Plus Mike Lynch on selling ARM to Japan, and the Labour leadership race.


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Donald Trump breaks with convention, appearing on the first day and using

:00:24.:00:34.

his wife that is keynote speaker. The nomination moves into the final

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phase, but he has had to fight a last rearguard action. Meanwhile,

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his wife is a cruised of plagiarism. That your word is your bond and you

:00:46.:00:52.

do what you say. That your word is your bond, that you say you are --

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that you do what you say you will. Will it get in that all-important

:00:59.:01:03.

female vote? I think most women are like me. You have heard enough of it

:01:04.:01:06.

through the years that you don't excuse it, and you don't embrace it,

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but you push it aside. Also tonight: Argue supporting Jeremy Corbyn? Are

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you interested in voting for Jeremy Corbyn?

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It certainly feels like summer, but it is no summer of love

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The campaign to topple Jeremy Corbyn is underway

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I'm not convinced Owen Smith can win an election. Jeremy Corbyn

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definitely can't. We will have to disagree.

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And the great debate about handing over ARM Holdings to the Japanese.

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We speak to the last man to sell a British technology

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Good evening from Cleveland, Ohio, for the Republican convention has

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been dominated by a row about plagiarism. Mrs Trump accused of

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using parts of an old speech, recycling perhaps, that me Shell

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Obama made some eight years ago to kick-off the convention as a keynote

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last night. In some ways it is just a continuation of things that Mr

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Trump has been accused of over the years, blasting his name and brand

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onto a range of things he did not entirely create, is perhaps it has

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-- perhaps it is that the speeches sound pretty much the same, whoever

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wrote them and indeed whoever delivers them. But the words which

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have, we understand, infuriated Trump, at least overshadowed a

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last-ditch attempt to overturn the nomination and stop it going to him.

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We headed to the convention for itself for a bit of the backbiting

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and gossip which make up part of convention life here.

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The convention normally signifies the high watermark of the

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candidate's ascendancy, the moment when the great and the good of the

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party of speeches and endorsements. This will be remembered not for who

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came Butler who chose to stay away. Three former Republican nominees.

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Who is talking? You will find out it is most of Mr Trump's family. It was

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kicked off by his supermodel wife. First up, Melania Trump,

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introduced by the man himself. All good, until a journalist spots

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the similarities with a speech Michelle Obama had made,

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some eight years ago. Whenever you have such an amazing

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group of people, and the message they were bringing forward,

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you've got to find something. They found something

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with Melania's speech. I don't think it was plagiarism,

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I think she spoke from her heart, and she is not the only woman

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who has a child who is worried Many here saw the row

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as confected conspiracy. Nevertheless, the blame game has

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begun, with Trump said to be furious He has just doused the flames

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of the last row, a vote on the floor by some delegates,

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they say to change rules But others saw this as an 11th hour

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plot to try to stop Trump by one There is still a contingent

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of people that are clinging to power in the final hours,

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in a desperate manner, trying to pull ridiculous floor

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moves, saying it was about rules. Ted Cruz, and the

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Never Trump people. Ken Kuching, Nellie from Virginia,

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what they did is they attempted a ruse, a guise, a fraud,

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and basically the biggest lie in this convention

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is that this fight had Is this about the next

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time round, then? No, we had things about getting rid

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of lawyers on the RNC, things about taking away powers

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from the chairman of the RNC, We put in changes to get at the most

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outrageous things that Donald Trump rightfully complained

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about in the nomination process, we put amendments in to change that,

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and they were shot down by the RNC So, is the coup attempt properly

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over? Watch what happens when I

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asked the former Texas Oh, I think it's always,

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it's democracy, this is what we do. Sometimes folks in other places

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don't understand that's how democracy works,

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but this is nothing out Is he rattled by what

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he has heard today? Team Trump were putting a united

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front on, his newly appointed running mate Mike Pence centrestage,

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the man, rumour has it, Trump regretted the moment

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he'd appointed him. So I caught up with the man long

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expected to be Trump's running mate, Governor, are you feeling

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confident about By the way, we're just next

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in New Hampshire, it is over, buddy! Did they get the wrong

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VP, sir? I've no idea, you'll have

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to ask him. Did he tell you about

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that, did he call you? I don't ever talk about my

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conversations with Donald. Chris Christie scuttling away on

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that question of whether he might have been the right vice

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presidential choice. People speak on the main stage tonight, endorsing

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Donald Trump as the best man to be president. Let's talk to our guests.

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Nice to have both of you. How do you see this? Is it going well for Trump

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so far? There are blips and accusations of plagiarism. And the

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fact that the speeches went on way too long last night. Some of this is

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just convention bumps. They never go perfectly. But I think it is unusual

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just how bumpy this has been. The question is, how many people are

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paying attention? I think some people are starting to tune in and

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they might be confused by what is happening in this election. The Fox

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viewing audience know this intimately. The American population

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in general is not familiar with it and there were some ins and outs to

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the scandal last night. That might be some confusion about who we are

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nominating here and what the future is that we are talking about. When

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we're talking about who we are nominating, do we think that is now

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the end of that last-ditch attempt? We spoke to the plotters last night

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and they have said, we are moving on. It was over weeks ago, actually.

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It does not mean that the Republican party is unified. One of the great

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challenges of the next few days is to demonstrate to the American

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people, if you cannot bring a political party together, how can

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you bring a nation together? In focus group, the number one

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complaint about this election cycle is that it is causing greater

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divisiveness. They are angry at both candidates for being so negative. It

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is essential for Trump if he is to have a reasonable shot that they

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walk away from here, and the religious, economic conservatives

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and moderates are in line. That would have been true in the past,

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but the way that Trump operates is this idea of yin and yang. When he

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criticises one group, another group adores him. Maybe he can get by

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without unifying. Hillary Clinton has the same challenge on the

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Democratic side. There is still one in four Bernie Sanders voters who

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does not want to vote for Hillary Clinton. She cannot win without

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bringing them over. Hillary Clinton has been so present in the speeches.

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She is like the which enemy in terms of nominees. And you are using

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language that they were deuce. It is graphic language to use to describe

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an enemy. And she is described as an enemy. It is not my worthy opponent,

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the leader of the other party. There used to be a tradition that we are

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old enough to remember that you did not name your opponent at all. You

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referred to the other party or your challenger. They are not even

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running against the Democrats, they are running against Hillary, and I

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think the problem is that we have the most unpopular candidates in the

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history of modern electoral politics. They are continuing to

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drive each other down, and that is turning off a lot of people. Young

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people are incredibly disappointed. This is the common than later. You

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mention Hillary, and then you mention a placard saying Hillary the

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prison. You mention Benghazi, and then you say, why should we try to

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stop was when we should be winning them? It appeals to a lower common

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than later. The first person to use the word enemy was Hillary Clinton

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in one of the only democratic debates. They asked, who is your

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enemy? She said, the Republican party. That has never happened

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before. It goes both ways. I think that is correct. She said that. I am

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not always sympathetic to but she is sometimes at her best when she is

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tangling with whom she identifies as her enemy. She is not a uniter

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herself. She does best in tough mode. Briefly, we were expecting the

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whole convention to be overrun with protest and quite solid angry

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protest. You think that is still to come, do you? I do. The helicopters,

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I was listening to the police scanner, and they think it is about

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one fifth of a mile from the convention hall. They will have a

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problem tonight, so there are more police ear, greater concern for

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security. It will happen at both conventions. One thing we should say

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is, the reason there was so much attention paid to Melania's speech

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last night and today is that Melania speaks to women and Republicans need

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women. 53% of the US electorate are women, and they need that votes to

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really turn this around. We will be hearing about the women's vote

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little later in the programme. Back to you.

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Thank you very much indeed. So, who will be leader

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of the opposition? Shortly after 5 o'clock this

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afternoon, we learned that it's not She withdrew, clear that she had

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less support from MPs than her rival There's no formal rule that stops

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a woman rising to the top of the Labour Party,

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it just never seems to happen. And so the great contest

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this summer is between It's already underway,

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and if you support the aims of the Labour Party,

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you can vote in it if you want by paying ?25

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and registering by 5pm tomorrow. More expensive than voting

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in X Factor, but more important too. Our political editor Nick Watt

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is with me. Nick, the campaigns have started

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coming the race is on. But do we know so far? Mixed picture for

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Jeremy Corbyn. He took a hit today when his attempts to overturn some

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strict rules of the NEC, ?25 to be a registered supporter, that stays. A

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February cut-off to be a member, that stays. It appears that around

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40,000 people may have signed up as registered supporters. The deadline

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is tomorrow. We know that because a Labour figure says the party has

:13:39.:13:45.

taken ?1 million in the last few days will stop divide that by 25 and

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you get 40,000. We know that Jeremy Corbyn is trying to reprieve is the

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successful tactics he had last year, so lots of union support. A senior

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source told me that there are 50 people operating telephones in Unite

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offices today, talking to supporters. Momentum, the group

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supporting Corbin, they sent out an e-mail to supporters saying, you can

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phone up, canvas people from the comfort of your sitting room using

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our special application. They devised that last year and it worked

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very well. We will discuss this in a few minutes, but if Jeremy Corbyn

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wins, does the party split? I sense that the anti-Corbyn forces

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since they face a formidable challenge because there was that

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YouGov poll that said Jeremy Corbyn was ahead against any candidate. But

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I do not sense there is an appetite for a split. There is an appetite

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for amongst the plotters amongst them is for a war of attrition. To

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keep coming back, to say that he will fail, to come back again, and

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interestingly denied there was talk on providing the tradition that was

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abandoned by Ed Miliband, to have elections to the Shadow Cabinet, and

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what that would mean would be that Jeremy Corbyn would not be able to

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appoint his Shadow Cabinet, and remember 176 out of 231 Labour MPs

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said they had no confident in him. They would be appointing the Shadow

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Cabinet. We will talk about some of that.

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Well, I would say that it feels like a right royal battle

:15:20.:15:21.

for the heart and soul of the Labour party, except many in the party

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But what is clear is that a weird democratic experiment is underway.

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Given the window of 48 hours in which you can pay,

:15:30.:15:31.

register and then vote, the whole campaigning effort

:15:32.:15:33.

by the different sides is directed at getting supporters to sign up.

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And all by tomorrow afternoon at five.

:15:37.:15:38.

A huge mobilisation is underway: grassroots campaigners.

:15:39.:15:39.

There is the Momentum group, backing Jeremy Corbyn.

:15:40.:15:43.

And another group called Saving Labour, backing

:15:44.:15:45.

Secunder Kermani has spent the last two days on the Labour front line.

:15:46.:15:49.

A warning, his piece contained some comradely language.

:15:50.:15:58.

Are you interested in voting against Jeremy Corbyn? Across the country

:15:59.:16:06.

rival Labour factions are battling it out, vying for the backing of

:16:07.:16:13.

party member is. But the focus now is on ordinary supporters, who have

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until tomorrow afternoon to register for a say in the leadership race if

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they paid ?25. Jeremy Corbyn is a... Disgrace. Rush-hour in central

:16:27.:16:30.

London, and Saving Labour are trying to convince people to sign up to

:16:31.:16:35.

vote out Jeremy Corbyn. Have never known a time like it, this guy is

:16:36.:16:39.

appalling at every level. I'm Jewish as well, so I am feeling the

:16:40.:16:43.

anti-Semitism in my own party, and quite frankly now is the time for

:16:44.:16:48.

people to actually step forward, and I'm thinking of it myself at the

:16:49.:16:51.

moment, to actually step forward and actually save this party. If Mr

:16:52.:16:56.

Miliband, and I'm talking about David now, actually thinks anything

:16:57.:17:01.

of this party now, OK, so his charity job in New York City, get

:17:02.:17:05.

back and sort this out. But right now we need you to sign up, and get

:17:06.:17:09.

rid of Corbyn, I know it is along the than that but it is like

:17:10.:17:13.

chopping the head off a monster. We are campaigning for strong

:17:14.:17:17.

leadership. You don't think Corbyn is a strong leader? About you like

:17:18.:17:21.

his values but the could you think it is not going to get support, you

:17:22.:17:26.

are... It is complicated in that we agree with the politics as a

:17:27.:17:32.

whole... Then you shouldn't be like they are not getting enough support,

:17:33.:17:35.

let's support someone who might be stronger? Meanwhile, during a sunny

:17:36.:17:41.

Sheffield lunch hour, the left-wing campaign group Memorandum are making

:17:42.:17:45.

the case for Jeremy Corbyn. I followed it online, on Facebook. He

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said... He said some good stuff can he wants to hear everybody's posts,

:17:51.:17:56.

anyway. He stands up for the working class, so that's what I like about

:17:57.:18:01.

him. I might register. You have got until tomorrow at 5pm. And its ?25?

:18:02.:18:09.

It is, but it's worth having a say, isn't it? The Labour Party is being

:18:10.:18:13.

destroyed, and he is part of that distraction. He really is. How can

:18:14.:18:20.

he hold power with all the time he is sat on the backbenches and never

:18:21.:18:23.

voted with the Labour Party, practically? He has always voted. He

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has been safer on the left wing, you have to have the consensus. It is on

:18:30.:18:35.

his conscience. Based on either his conscience or the consensus of his

:18:36.:18:40.

constituents. With Labour's divide running so deep, there was talk of

:18:41.:18:44.

the split becoming permanent. The supporters, you have lost them in

:18:45.:18:49.

Scotland. I do understand that. Perhaps we should not be having this

:18:50.:18:53.

conversation about saving Labour, perhaps we should have a new Labour.

:18:54.:18:57.

I don't think that could work, in the long-term, totally. I don't

:18:58.:19:05.

think there is a strong candidate. Trident is a point of difference. Is

:19:06.:19:11.

that so important you that you would rather lose an election for that? I

:19:12.:19:17.

am not convinced Owen Smith can win an election. I mean, Jeremy Corbyn

:19:18.:19:22.

definitely can't. That is where we will have two agree to disagree. A

:19:23.:19:28.

poll out today suggested Jeremy Corbyn would definitely win the

:19:29.:19:31.

race, although if trusts the Poles these days? We can only win if we

:19:32.:19:38.

are in government -- who trusts the polls these days. He does have the

:19:39.:19:44.

right values. But he is not the right person to get it into

:19:45.:19:48.

government. The polling would suggest otherwise. Then you should

:19:49.:19:52.

change the Poles, make people vote for him. I'm going to vote for

:19:53.:19:58.

Jonah? Yes, because I like him, let him breathe. Let him breathe a

:19:59.:20:02.

little bit and get his thoughts together. Where was he when we have

:20:03.:20:11.

the referendum? Did you know that Jeremy Corbyn gave the highest

:20:12.:20:14.

number of speeches out of any member of the Labour speeches during the EU

:20:15.:20:22.

referendum? It would be wrong to write off the anti-Corbyn faction.

:20:23.:20:26.

Unless people like you sign up it won't work. OK, look, I'll sign up.

:20:27.:20:32.

Especially with a long-term -- summer campaigning ahead to

:20:33.:20:35.

influence party members, but the Corbyn campaign does inspire a

:20:36.:20:38.

passion that is harder for moderates to match. Anyone who was not a party

:20:39.:20:43.

member has an 5pm tomorrow to be able to register to cast a vote for

:20:44.:20:45.

either side. I'm joined by Stephen Kinnock MP,

:20:46.:20:47.

who is supporting Owen Smith. And by James Schneider

:20:48.:20:50.

from the pro-Jeremy Evening to you both. James, if Owen

:20:51.:21:01.

Smith wins the leadership, will you go out and that the Labour? You will

:21:02.:21:07.

accept the result? Absolutely, everyone should accept the result,

:21:08.:21:10.

we have a democratic election and whoever wins get behind who

:21:11.:21:15.

supported and move forward as a party, absolutely. I have to ask you

:21:16.:21:19.

the same question that Jeremy Corbyn, Steve? I will be continued

:21:20.:21:23.

to be honoured to serve my constituents from the backbenches. I

:21:24.:21:27.

have voted in favour of vote of no-confidence in Germany, that means

:21:28.:21:30.

I could not possibly serve on the front bench, though I would likely

:21:31.:21:36.

be invited to do so. Nick Watt, our political editor, said earlier that

:21:37.:21:39.

the plan might be for a war of attrition against Jeremy Corbyn if

:21:40.:21:44.

he wins, as seems likely. An attempt to get Shadow Cabinet elections,

:21:45.:21:47.

which would show him with a Shadow Cabinet he doesn't really want.

:21:48.:21:50.

Would you serve in the Shadow Cabinet if there were elected Shadow

:21:51.:21:54.

Cabinet members? I think it is a real struggle to serve somebody

:21:55.:21:58.

where you have actually voted that you have no confidence in their

:21:59.:22:02.

leadership. But I don't want as they collate about that. I want to say is

:22:03.:22:05.

that we now have Owen Smith as a very talented politician coming

:22:06.:22:11.

forward with the courage to stand up and save the Labour Party. And I'm

:22:12.:22:15.

absolutely convinced that over the coming months we will see the

:22:16.:22:19.

opinion of the membership swinging behind Owen, precisely because if we

:22:20.:22:23.

don't have a new leader we cannot form a credible opposition. If you

:22:24.:22:27.

can't form a front bench you don't function as a credible opposition.

:22:28.:22:30.

This is about saving our democracy as much about saving the Labour

:22:31.:22:34.

Party poster the war of attrition, some people have their head in their

:22:35.:22:36.

hands in despair at the idea that to be resolved, and we just

:22:37.:22:57.

face, essentially, a continual battle within the opposition, rather

:22:58.:22:59.

than a battle between the opposition and the government. Yes, I find the

:23:00.:23:02.

idea of a war of attrition extremely disappointing. What we need to see

:23:03.:23:04.

at the end of the leadership election is as many MPs as possible

:23:05.:23:06.

working behind the leader, whichever one is elected, and also working

:23:07.:23:09.

with the party members who stop we are now the largest left of centre

:23:10.:23:12.

party in Europe. It will increase I think after membership opens again.

:23:13.:23:14.

40,000 a or something. See if the registered supporters want to join.

:23:15.:23:17.

Momentum have been making lots of phone calls, lots of interest. When

:23:18.:23:22.

it do is make an asset out of our membership from that may have. But

:23:23.:23:26.

you will oppose as vigorously as you can MPs voting for the Shadow

:23:27.:23:29.

Cabinet, I assume, because that would just showed of the leader with

:23:30.:23:34.

a Shadow Cabinet who disagree with improbably on everything. That is

:23:35.:23:37.

something that would have to go through party conferences, not

:23:38.:23:40.

something I have thought about. Can I ask you about Owen Smith? You

:23:41.:23:44.

think he will win. In his background, I know the times are

:23:45.:23:50.

reporting on this tomorrow, he was a lobbyist, he served for Pfizer, the

:23:51.:23:53.

American pharmaceutical country. Will that be held against him? No,

:23:54.:23:58.

because what Owen represents is a new chapter, a fresh start for the

:23:59.:24:03.

party. He entered Parliament in 2010, he is not brown eyed, Labour

:24:04.:24:10.

light -- Blairite, he did his lunch from his constituency. That is where

:24:11.:24:13.

he has lived his politics and learned his politics. He has Labour

:24:14.:24:18.

values and he has had the coach -- the courage and determination to

:24:19.:24:21.

stand in what is a difficult time for our party and I'm convinced the

:24:22.:24:24.

membership will get behind him because he has the values and

:24:25.:24:28.

determination we need to win. You know his position on the private

:24:29.:24:33.

health care in the NHS is what? What is his position on that now? Owen

:24:34.:24:38.

has come out and said very clearly that we need things like a new deal

:24:39.:24:43.

for Britain, ?200 billion to invest in our working class in stop private

:24:44.:24:47.

health care in the NHS, do you know what his view is? Owen is a

:24:48.:24:56.

Bevan-ite, he supports the NHS free at the point of delivery. He will

:24:57.:25:00.

stand behind that. We will potentially get back to that. Can I

:25:01.:25:09.

ask you...? . Jeremy Corbyn's position is on that? We have known

:25:10.:25:17.

that quite some time! The party will declare UDI, they will then get the

:25:18.:25:20.

money that the state gets the opposition, they become the

:25:21.:25:23.

opposition in parliament, they get the money that the opposition get in

:25:24.:25:27.

Parliament. That would leave you or your side, your residual Labour

:25:28.:25:30.

Party, you could have all the people on the streets, but it leaves your

:25:31.:25:35.

residual Labour Party in some trouble, doesn't it? I don't think

:25:36.:25:38.

that is a very helpful hypothetical, we have a leadership election that

:25:39.:25:42.

will be about policies and ideas, then afterwards we need to have

:25:43.:25:45.

members who seem to overwhelmingly support Corbyn and the MPs need to

:25:46.:25:49.

talk and many to understand what one another's positions are. I think

:25:50.:25:53.

there has been too little so far of the MPs understanding the direction

:25:54.:25:56.

that the members want to take on how they wish to transform the party. We

:25:57.:26:00.

have to remember it is not like Labour is in difficulty now. We have

:26:01.:26:05.

had two bad general election defeat. There is a crisis for social

:26:06.:26:07.

democracy across the Western Road and we need to have a new model

:26:08.:26:13.

party fit for the 20th century -- 21st century, and we need to hear a

:26:14.:26:16.

lock knife that getting through to MPs. As that message does get

:26:17.:26:20.

through and MPs do respect the democratic manga -- mandate that

:26:21.:26:27.

hopefully Jeremy Corbyn will win again we hopefully would have these

:26:28.:26:31.

discussions again. Can you tell me, Stephen Kinnock, you have not been

:26:32.:26:35.

in any conversations about such a scenario, are plotting a proper

:26:36.:26:39.

trajectory would be if it was necessary? Absolutely, and I can

:26:40.:26:44.

tell you I joined the Labour Party in 1985. You have not had any

:26:45.:26:47.

conversations about the party splitting? No, there was only one

:26:48.:26:51.

Labour Party, it is the party I believe it is the one I joined. It

:26:52.:26:56.

believes in gaining power for working people through a

:26:57.:27:01.

Parliamentary democracy. We knows you can't do that when you have a

:27:02.:27:05.

leader who has lost the confidence of the Parliamentary Labour Party.

:27:06.:27:08.

If you have that leader, what happens? Those of us who have given

:27:09.:27:13.

a motion of no-confidence will be honoured to serve from the

:27:14.:27:16.

backbenches, and it will be up to the leader to see how he forms a

:27:17.:27:21.

credible opposition. I see it a very difficult challenge him to face, but

:27:22.:27:25.

what I also knows that we now Owen Smith in place, the party unites

:27:26.:27:29.

behind him and we will win this. It will be an interesting summer. Thank

:27:30.:27:31.

you both very much. When we voted for Brexit four weeks

:27:32.:27:34.

ago, was Britain taking a stand not just against the EU,

:27:35.:27:37.

but against globalisation We have had one of the more

:27:38.:27:39.

internationalised economies in Europe; we rely more than most

:27:40.:27:42.

on foreign investment, We're a big player in international

:27:43.:27:45.

diplomacy and law. Many Brexit supporters said Britain

:27:46.:27:49.

would be more outward if we left the EU, looking beyond

:27:50.:27:52.

Europe to the world. Foreign Secretary Boris Johnson

:27:53.:27:56.

reiterated that goal I want us to reshape

:27:57.:27:58.

Britain's profile as an even greater global nation,

:27:59.:28:05.

a Britain that is more active, more outward-facing,

:28:06.:28:16.

more energetic on the world stage Of course,

:28:17.:28:18.

some voters want less globalisation And the Foreign Secretary's

:28:19.:28:26.

sentiment there makes the proposed Japanese takeover of ARM Holdings

:28:27.:28:31.

a particularly One of Britain's champion tech

:28:32.:28:32.

companies. There is a live debate

:28:33.:28:39.

as to whether this kind Some welcome it as proof that

:28:40.:28:41.

Britain is still there, integrating But if we choose to obstruct it,

:28:42.:28:45.

what does it say about Well, I'm joined by Mike Lynch,

:28:46.:28:49.

an entrepreneur and the co-founder Autonomy was sold to Hewlett-Packard

:28:50.:28:53.

for $11 billion dollars in 2011. A very good evening to you. Why did

:28:54.:29:05.

you feel you needed to sell Autonomy, and didn't keep running it

:29:06.:29:09.

as an autonomous British company? One of the great myths about a

:29:10.:29:12.

British company is that under the rules of the UK stuck each change,

:29:13.:29:16.

the board can't stop it. Unlike in America where have poison and

:29:17.:29:19.

things, if someone comes along and offers you a nice premium above the

:29:20.:29:24.

normal amount, 50%, either the company gets hold of you are no

:29:25.:29:29.

longer in charge! It is a complete myth that there was a choice, there

:29:30.:29:33.

was no choice when the premium gets so high. When Autonomy was sold, and

:29:34.:29:38.

it was painful, they paid a lot more than most people think the company

:29:39.:29:41.

was probably worth. Is it good for Britain to sell something before it

:29:42.:29:45.

is at a price that is, you know, a good price come because we get the

:29:46.:29:49.

money? Or is it bad the Bit On The Side things, even at a good price?

:29:50.:29:54.

Actually in technology, these mark-ups are normal, so we don't

:29:55.:29:58.

have that many technology companies in the UK, so we're used to seeing

:29:59.:30:04.

20%, 30%, and actually 50% is a normal price in technology. These

:30:05.:30:08.

are normal pricings. But ARM did incredibly well, going from a

:30:09.:30:10.

start-up up to ?24 billion sale. If you are asking what happens to

:30:11.:30:21.

the British input to this company, the staff, the brainpower, the

:30:22.:30:23.

institutional history, that company you sold, Autonomy, where is

:30:24.:30:29.

everyone who was involved in Autonomy? Are the unemployed, do

:30:30.:30:33.

they have jobs, has science been harmed? One aspect of technology is

:30:34.:30:40.

the people. They went, they went to HP, they left HP and now there are a

:30:41.:30:44.

large number of companies that they have gone and started. I was

:30:45.:30:48.

counting up the ones that I know of, and they are worth over ?1 billion

:30:49.:30:55.

already. It didn't do us any harm? I don't think so, but I am optimistic

:30:56.:31:01.

about the ARM deal, because the Japanese entrepreneur is a

:31:02.:31:04.

visionary. ARM is a visionary company and I think this one will

:31:05.:31:09.

work. Even if it doesn't, I think you would have a load of wonderfully

:31:10.:31:13.

talented people in the UK starting new businesses. The problem is not

:31:14.:31:17.

with the giants that gets sold at amazing prices, it is when our

:31:18.:31:22.

wonderfully clever companies get sold at 100 million. When ARM leave

:31:23.:31:29.

the stock exchange, there is nothing to replace it. That is the problem.

:31:30.:31:33.

You would not stop the ARM sale at this point. If the Japanese want to

:31:34.:31:37.

buy it, you would not get in the way. If investors know that it won't

:31:38.:31:43.

be sold to someone, that trickles all the way down. Your worries about

:31:44.:31:50.

smaller companies, and what is it about them that stops them growing

:31:51.:31:55.

into ARM? The London stock exchange does not function well for tech

:31:56.:31:59.

businesses. They get to ?100 billion, someone makes an offer, and

:32:00.:32:03.

the people who have invested and done the work think, I cannot list

:32:04.:32:08.

it in London. We have the biggest stock exchange in Europe, why not?

:32:09.:32:14.

If you were a hard-working FTSE 100 fund manager, you need to know about

:32:15.:32:19.

retail, or oil and so on, and there is one software company, so you

:32:20.:32:23.

don't know much about it. So there is a critical mass. Yellow might

:32:24.:32:29.

guess, if we can get a few of the companies to list, the virtual

:32:30.:32:37.

circle kicks in and hopefully we will have billion-dollar tech

:32:38.:32:37.

businesses listed in London. One thing you'll hear a lot

:32:38.:32:44.

between now and November is that the female vote

:32:45.:32:47.

is very important. Apart from women being half

:32:48.:32:49.

the population, obviously. It's firstly that women's turnout

:32:50.:32:52.

exceeds men's in the States. Have a look at this graph -

:32:53.:32:55.

it shows every presidential election since 1980,

:32:56.:32:57.

the female turnout in purple higher But there's also this:

:32:58.:32:59.

since Bill Clinton won in 1992, women have always preferred

:33:00.:33:05.

the Democratic nominee at every But currying favour with women

:33:06.:33:11.

is tricky for Mr Trump. According to the latest Pew research

:33:12.:33:16.

poll, in a head to head between Hillary Clinton

:33:17.:33:19.

and Donald Trump, women would go Katty Kay has been

:33:20.:33:23.

finding out for us. You call women you don't

:33:24.:33:33.

like fat pigs, dogs, Donald Trump's rhetoric

:33:34.:33:36.

towards women has become a flash point in a presidential election

:33:37.:33:50.

that will pit a man against a woman. It's said to be the most

:33:51.:33:56.

gender-driven election in US history, with Hillary Clinton

:33:57.:33:59.

the first ever female nominee The only card she has

:34:00.:34:02.

is the woman's card. If talking about these issues

:34:03.:34:06.

is playing the woman's The biggest reason the two

:34:07.:34:11.

candidates are carefully courting women in this campaign is that women

:34:12.:34:18.

will control who wins More women vote in America than men,

:34:19.:34:21.

and research shows they have decided Donald Trump is currently polling

:34:22.:34:26.

worse with women than any presidential candidate since 1972,

:34:27.:34:37.

but many women inside the Republican One high-profile supporter

:34:38.:34:39.

on Capitol Hill is Congresswoman When he stood up there in the debate

:34:40.:34:49.

and made a not very subtle reference to the size of his penis,

:34:50.:34:54.

I watched that and, as a mother of four children,

:34:55.:34:57.

I thought, I don't think I want my young daughter

:34:58.:35:00.

watching this on television. And those are the things

:35:01.:35:03.

you look at and say, Whether it was working in a male

:35:04.:35:05.

dominated profession or here in Washington,

:35:06.:35:13.

you have people that say inappropriate things,

:35:14.:35:20.

and I think most women are like me. You have heard enough of it

:35:21.:35:23.

through the years that And you don't embrace it,

:35:24.:35:25.

but you push it aside. The women Trump really needs to win

:35:26.:35:32.

over live in the suburbs of swing This is where this election

:35:33.:35:36.

will be decided. It's hard to believe that this

:35:37.:35:43.

sleepy neighbourhood is the front line in the battle for the White

:35:44.:35:46.

House. But if you are a college educated,

:35:47.:35:50.

white, single woman living in a suburb of Philadelphia

:35:51.:35:53.

like this, you are the hottest At a social event for

:35:54.:35:56.

the nonpartisan League of Women Voters in Philadelphia,

:35:57.:36:06.

we met Laura, Suzanne and Kelly. What are the things that matter to

:36:07.:36:12.

you from a presidential candidate? I think it is important to discuss

:36:13.:36:15.

the economy, to discuss It is really important

:36:16.:36:17.

to discuss education. I am looking to make sure that

:36:18.:36:21.

everyone has access to health care, to quality education,

:36:22.:36:24.

that income inequality, if we don't What you think about the tone

:36:25.:36:27.

of this election campaign? It is the language that we haven't

:36:28.:36:35.

heard really overtly in decades, and it is as if people have been

:36:36.:36:38.

given permission now, because of the level of vitriol

:36:39.:36:41.

in the discourse, to say those things out loud,

:36:42.:36:45.

and it's very troubling. Millions of women did vote

:36:46.:36:51.

for Trump in the primaries. She will be a Pennsylvania

:36:52.:36:54.

delegate for Trump at Lynn owns a gardening business

:36:55.:37:00.

and likes Trump's views on trade. I think he will do the best job

:37:01.:37:04.

to keep us safe, and to try And he definitely knows how

:37:05.:37:10.

to run a business. Beyond the economy, the attacks

:37:11.:37:15.

in Orlando shook America We are going to go to Philadelphia,

:37:16.:37:30.

and we're going to win in November. Lynn is clearly not moved

:37:31.:37:34.

by the historic nature of Hillary Clinton's candidacy,

:37:35.:37:37.

but for many American women, the possibility of putting a woman

:37:38.:37:39.

in the White House after 44 male Is it important for you that she is

:37:40.:37:43.

a woman and would be Of course it is, you can't not see

:37:44.:37:47.

that, it is so important. The campaign has thrown up

:37:48.:37:51.

an interesting phenomenon - a generation gap among female

:37:52.:37:53.

voters. Older women seem to support Clinton

:37:54.:37:58.

because they urgently want Younger women tend to feel confident

:37:59.:38:00.

that they are going to get a female president at some point

:38:01.:38:05.

in their lifetime, they are just not sure they want it

:38:06.:38:07.

to be Hillary Clinton. Amy Klobuchar, a Democratic senator

:38:08.:38:09.

from Minnesota does think that Hillary Clinton will successfully

:38:10.:38:14.

reach younger voters. You have a new generation that

:38:15.:38:18.

did not see her in those roles, and many of them were hardly voting

:38:19.:38:24.

when she was Secretary of State, so you have that issue,

:38:25.:38:27.

and she needs to reintroduce herself in a non-primary setting

:38:28.:38:30.

when it is her versus Trump. Loudoun County in Northern Virginia

:38:31.:38:37.

is a key swing district and a reliable bellwether

:38:38.:38:40.

for the state. Women here are a must-win

:38:41.:38:47.

for Clinton and for Trump. So you are going to

:38:48.:38:50.

lunge, fly and back up. This woman runs a gym

:38:51.:39:00.

and is a classic swing voter - economically Conservative

:39:01.:39:06.

but socially liberal. She has voted both Republican

:39:07.:39:08.

and Democrat in the past and is struggling with

:39:09.:39:10.

who to vote for this year. We need to regulate the economics

:39:11.:39:13.

in this country more. That is probably my

:39:14.:39:17.

draw to Donald Trump. He is a businessman,

:39:18.:39:20.

he has the economic background and he has made a successful

:39:21.:39:22.

business of it. For foreign policy background,

:39:23.:39:25.

I am drawn to Hillary Clinton. I trust someone who has sat

:39:26.:39:27.

at the table and held I am torn between being

:39:28.:39:30.

a businesswoman and being a woman. Of course, no one knows precisely

:39:31.:39:43.

how many women will vote or which candidate they will vote

:39:44.:39:46.

for, if we did, we could say already What we do know is that women

:39:47.:39:50.

will decide who lives in the White House after Barack Obama,

:39:51.:39:58.

whether it is America's 45th male The British people have spoken, and

:39:59.:40:01.

the answer is... I love this country, and I feel

:40:02.:40:11.

honoured to have served it. A political landscape

:40:12.:40:24.

changed for ever. I know that virtually none

:40:25.:40:26.

of you have ever done The Scottish Parliament

:40:27.:40:28.

should have the right Exactly one month after

:40:29.:40:40.

the UK's momentous vote... Brexit means Brexit,

:40:41.:40:46.

and we're going to ..Newsnight hosts a special day

:40:47.:40:48.

of discussion and debate on Brexit Britain, a divided nation,

:40:49.:40:56.

and its relationship with the rest Tickets for this event,

:40:57.:40:59.

run in partnership with Intelligence Squared,

:41:00.:41:04.

are available via the Newsnight website.

:41:05.:41:06.

and we will be live on BBC Two We're going to make sure it rains on

:41:07.:41:23.

Saturday, so you might as well buy tickets and come along.

:41:24.:41:24.

We leave you with a memo to Downing Street -

:41:25.:41:28.

this is possibly not the best time for playing practical jokes

:41:29.:41:31.

It is a one night ahead, but a thundery one for Northern Ireland.

:41:32.:41:56.

The thundery rain will move up across Scotland on Wednesday.

:41:57.:42:00.

Elsewhere, hefty shout was breaking out, but good spells of sunshine,

:42:01.:42:04.

and the winds are coming from the West, cooling things down. 17

:42:05.:42:08.

Celsius in Belfast, with

:42:09.:42:09.

Donald Trump claims his nomination but will he get the women's vote?

Plus Mike Lynch on selling ARM to Japan, and the Owen Smith and Jeremy Corbyn Labour leadership race.


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