:00:10. > :00:18.It's been a big day in the politics of the European Union.
:00:19. > :00:21.David Cameron says a referendum on EU membership could be held
:00:22. > :00:26.Earlier, the EU unveiled draft reforms designed to persuade Britain
:00:27. > :00:36.We will also speak about US politics. Hillary Clinton beat
:00:37. > :00:40.Bernie Sanders into second place and Ted Cruz beat Donald Trump into
:00:41. > :00:45.second place. Any questions on that story, feel free to get in touch. We
:00:46. > :00:52.will be live in Washington and New Hampshire. We will have more on the
:00:53. > :00:56.link between pregnant women who contract Zika virus and a brain
:00:57. > :00:59.abnormality called microcephaly. We will hear the story of a Brazilian
:01:00. > :01:05.journalist who suffers from the condition. I guess it was not long
:01:06. > :01:09.before this came along-high end drawn racing, being watched by
:01:10. > :01:15.millions online. We got in touch with someone to find out how it
:01:16. > :01:20.works at this race circuit. As I mentioned, if you have questions on
:01:21. > :01:23.any of the two big stories, these EU reforms and also on the race for the
:01:24. > :01:25.White House, you can use the hashtag and I will do my
:01:26. > :01:50.Let's begin with the negotiations between Donald Tusk, the European
:01:51. > :01:56.Council president, and David Cameron. Mr Cameron is committed to
:01:57. > :02:06.renegotiating the UK's relationship with Europe and then holding an
:02:07. > :02:10.in-out referendum. This letter sets out the proposed deal that has been
:02:11. > :02:15.agreed. We will hear from Brussels and London to get two different
:02:16. > :02:20.perspectives on this in a minute. Before that, to understand what is
:02:21. > :02:23.being agreed, let's look at the foundations of the European Union.
:02:24. > :02:27.It has 28 member countries and they have all signed a range of treaties
:02:28. > :02:33.which are essentially agreement assuring various things, like free
:02:34. > :02:35.movement of people, goods, services and capital, and also closer
:02:36. > :02:41.political integration between members and, just as importantly,
:02:42. > :02:44.common policies on trade, agriculture, fisheries and regional
:02:45. > :02:49.development. He did Cameron wants to put checks on several of these.
:02:50. > :02:53.Firstly let's get the assessment of the document I just showed you from
:02:54. > :02:57.the BBC's Norman Smith in Downing Street.
:02:58. > :02:59.Well, he has got some of what he wanted, but not
:03:00. > :03:02.all of what he wanted, so he has secured an
:03:03. > :03:05.agreement to introduce a ban on EU migrants being able to claim
:03:06. > :03:08.benefits in Britain for four years, but there is no detail on how long
:03:09. > :03:11.this particular ban will stay in place, who will decide when it
:03:12. > :03:18.should come into force, and he has also agreed to a very
:03:19. > :03:20.complex and unexplained scheme to allow EU
:03:21. > :03:22.migrants to gradually receive more and more in benefits,
:03:23. > :03:26.Similarly, he has secured what is called a red
:03:27. > :03:28.card scheme, whereby national parliaments can lobby together
:03:29. > :03:29.to block bits of EU legislation which
:03:30. > :03:33.they don't like, but it transpires they will only be able to block very
:03:34. > :03:35.limited areas of legislation, and lastly he has, yes,
:03:36. > :03:37.sought some sort of safeguards to protect countries
:03:38. > :03:39.like Britain outside the single currency from being pushed around
:03:40. > :03:41.by members of the euro, but it is not
:03:42. > :03:44.at all clear how much power he will actually have,
:03:45. > :03:47.because it seems the only thing Britain would be able to do
:03:48. > :04:13.So Mr Cameron is trumpeting this as a
:04:14. > :04:16.His critics are saying, no, it is much ado about
:04:17. > :04:20.Just before I let you go, Norman, is this the basis
:04:21. > :04:22.of what David Cameron will turn to the
:04:23. > :04:27.country and offer, or is there still negotiation to happen?
:04:28. > :04:29.There is still critical negotiation ahead,
:04:30. > :04:31.because this document has to be approved by all 27 other members
:04:32. > :04:33.of the European Union, so a huge amount
:04:34. > :04:36.of intensive diplomacy will have to to take place over the next
:04:37. > :04:39.fortnight, head of that EU summit, but I think it is worth suggesting
:04:40. > :04:43.that when voters in Britain go to the polls, I doubt very much
:04:44. > :04:45.whether it will be this document that will
:04:46. > :05:07.Much more likely, I would suggest, is there a gut instinct,
:05:08. > :05:10.how they feel in their bones - do they think that Britain
:05:11. > :05:13.is better off in the European Union, or better off getting out?
:05:14. > :05:19.The Eu has a total population of about 740 million.
:05:20. > :05:27.64 million in the UK, so less than 10%.
:05:28. > :05:33.Let's look at economy - the Eu's total economic output
:05:34. > :05:36.is thought to be about 15 and a half trillion dollars.
:05:37. > :05:39.The UK's contribution to that is SWIPE 2.7 trillion,
:05:40. > :05:44.So it's punching above its weight in terms of output per person.
:05:45. > :05:53.I was saying right at the Central of these negotiations is the European
:05:54. > :06:04.president. To quote a little bit of Shakespeare, here. But it is not
:06:05. > :06:09.just a question of persuading David Cameron that this is a good idea. He
:06:10. > :06:13.represents all of the leaders within the European Union and he has two
:06:14. > :06:17.persuade all of them as well. Here is Ben Wright talking us through
:06:18. > :06:19.that side of the story. One is the in work
:06:20. > :06:22.welfare payments that EU David Cameron wants
:06:23. > :06:25.to stop them getting those There is agreement in
:06:26. > :06:32.principle that that can happen, but a great deal
:06:33. > :06:35.of uncertainty about exactly how that mechanism will
:06:36. > :06:36.work, for how long There are big gaps in this draft
:06:37. > :06:41.document that need to be filled in over the next couple of weeks,
:06:42. > :06:44.and he is going to face, we think, resistance from Central
:06:45. > :06:46.and eastern European countries in particular, countries which see
:06:47. > :06:49.a lot of their population go to the UK to work,
:06:50. > :06:52.and I think any sense that this is discriminatory,
:06:53. > :06:53.that it is unfair, So I think on that
:06:54. > :07:11.front, lots of work to do, and as Norman was saying,
:07:12. > :07:14.this issue are protecting the rights of countries like Britain that don't
:07:15. > :07:17.have the Euro within an EU that is seeing the
:07:18. > :07:18.Eurozone pulled closer together in terms of economic
:07:19. > :07:20.governance, that relationship remains quite unclear
:07:21. > :07:23.and there is work to do on that front too, and I think France
:07:24. > :07:26.is one of the countries who are very worried that Britain
:07:27. > :07:29.is trying to exercise special powers or special protections
:07:30. > :07:30.for the City of London, and I think that is one
:07:31. > :07:34.of the reasons why they were still working on this draft document
:07:35. > :07:36.at two o'clock this morning. There are big areas still the iron
:07:37. > :07:46.out, as Donald said just then. This is the other big story in the
:07:47. > :07:52.BBC newsroom. We have the first two victories
:07:53. > :07:55.in the battle for the two Ted Cruz on the Republican side -
:07:56. > :07:59.Hillary Clinton on But she only won by a whisker,
:08:00. > :08:03.and in some precincts it came down to this between her
:08:04. > :08:13.and Bernie Sanders. That's right - a coin toss plays
:08:14. > :08:17.a role in deciding who gets a shot at becoming the most powerful
:08:18. > :08:19.person in the world. If you didn't follow
:08:20. > :08:46.the coverage as it unfolded, God bless the great state of Iowa!
:08:47. > :08:51.APPLAUSE We finished second, and I want to
:08:52. > :08:55.tell you something. I am just honoured... Tonight is a victory for
:08:56. > :09:01.courageous conservatives across Iowa. We will be back many, many
:09:02. > :09:07.times. In fact, I think I might come back here and buy a farm! That is
:09:08. > :09:16.the most votes ever cast for any Republican primary winner! They told
:09:17. > :09:27.me we have no chance because my hero wasn't great enough and my boots
:09:28. > :09:35.were too high! -- hair wasn't grey enough. As I stand here tonight,
:09:36. > :09:43.breathing a big sigh of relief - thank you, Iowa! A profound message
:09:44. > :09:49.to the political establishment and, by the way, the media establishment!
:09:50. > :09:53.That message we hold out for our children and grandchildren never
:09:54. > :09:59.fades but inspires generations to come. Join me. God bless you!
:10:00. > :10:03.Hillary Clinton giving her speech, after saying she had won. Look at
:10:04. > :10:08.the numbers here for the Republicans. What did I jest. You
:10:09. > :10:14.can pick out Jeb Bush, only 2.8%, which will be a huge disappointment
:10:15. > :10:18.to him and his donors. Marco Rubio appalled really well, just narrowly
:10:19. > :10:22.beaten by Donald Trump on 24% but right at the top of the pile and no
:10:23. > :10:28.serious contender in this race, Ted Cruz. He had been pulling close to
:10:29. > :10:36.Donald Trump but this will be big friend -- now a serious contender.
:10:37. > :10:41.Here is the analysis from Washington for Outside Source a little earlier.
:10:42. > :10:47.It was a big night for Ted Cruz. He was trailing Donald Trump in the
:10:48. > :10:52.polls but he had a ground game here in Iowa and it ended up overcoming
:10:53. > :10:59.any enthusiasm Trump voters showed leading up to this. He was working
:11:00. > :11:04.Iowa for a year, going to churches, talking to evangelical voters and
:11:05. > :11:09.keeping tabs on them. Next, let's look at the Democrat numbers.
:11:10. > :11:13.Hillary Clinton close to 50%. Bernie Sanders on 49.6% and I am afraid the
:11:14. > :11:17.other contenders did not make any sort of a mark. Going back to here,
:11:18. > :11:23.I guess the story is how close Bernie Sanders got? Yes, six months
:11:24. > :11:32.ago he was on single digits here in Iowa so the fact he claimed all the
:11:33. > :11:34.way a virtual tie with a former Secretary of State with the name
:11:35. > :11:37.recognition of Hillary Clinton is pretty remarkable. He will now go to
:11:38. > :11:40.New Hampshire where he has a good shot of winning and at that point it
:11:41. > :11:44.will be interesting to see whether Hillary Clinton's organisation
:11:45. > :11:49.throughout the nation is able to overcome the momentum Bernie Sanders
:11:50. > :11:55.has. The Fox News opinion site here. After Iowa, keep your eye on Marco
:11:56. > :12:01.Rubio, not Trump or Ted Cruz. A lot of commentators would see what --
:12:02. > :12:05.say he was the biggest winner of the night? In third place but his speech
:12:06. > :12:10.sounded like a victory speech, and for good reason. He was able to
:12:11. > :12:14.outpace expectations. He almost caught Donald Trump for second place
:12:15. > :12:17.and no of all the establishment candidates he has the wind at his
:12:18. > :12:22.back and we'll be going to New Hampshire where the others have been
:12:23. > :12:29.camping out, but he will go back with the perception as someone on
:12:30. > :12:34.the rise. That is Iowa Don and this is what is coming next. New
:12:35. > :12:39.Hampshire, next Tuesday, and from there we go on to Nevada and South
:12:40. > :12:46.Carolina -- Iowa done. They hold various polls between the 20th and
:12:47. > :12:51.27th of debris and then a day which could, not definitely, but could
:12:52. > :12:55.decide this whole process. The 1st of March, Alabama, Arkansas,
:12:56. > :12:59.Georgia, Massachusetts, Tennessee... Here is a more detailed breakdown.
:13:00. > :13:04.These all hold primaries for both parties and on top of that we also
:13:05. > :13:08.have while roaming and Alaska looking at issues for the
:13:09. > :13:15.Republicans in Colorado -- and Colorado for the Democrats. The
:13:16. > :13:19.focus will be on New Hampshire. Our BBC correspondent is there. She has
:13:20. > :13:24.just been at a Bernie Sanders rally. How is it going? I just stepped out.
:13:25. > :13:29.It is still going on but what I really got from that rally is that,
:13:30. > :13:36.firstly, he has a huge support base amongst younger voters. It is not
:13:37. > :13:40.just here but in Iowa if you number crunch the figures of who actually
:13:41. > :13:49.voted in those coppers as yesterday, 84% of those went for Bernie
:13:50. > :13:53.Sanders, as opposed to Hillary Clinton -- caucuses yesterday. That
:13:54. > :13:58.shows his reach in that young democratic. -- demographic. New
:13:59. > :14:02.Hampshire has a young demographic as well and if Bernie Sanders can tap
:14:03. > :14:07.into that it will play to his advantage. He is actually a head in
:14:08. > :14:10.the polls year by about 20 percentage points or has a big
:14:11. > :14:15.advantage over Hillary Clinton although they have not been polls
:14:16. > :14:20.taken since last night's result. The other thing in his favour is that
:14:21. > :14:26.this is home territory for him as he is the senator for Vermont, and
:14:27. > :14:30.neighbouring state. He spoke about the three Rs, a political
:14:31. > :14:37.regulation, spoke at about a red economy and says he wants radical
:14:38. > :14:41.change -- rig economy. How does his funding compare with Hillary
:14:42. > :14:46.Clinton? He has managed to raise money, not on the scale Hillary
:14:47. > :14:50.Clinton has, from smaller donations. That might sound familiar because it
:14:51. > :14:55.was the model Barack Obama used when he was running for president,
:14:56. > :14:59.getting smaller donations, and also in the same vein actually energising
:15:00. > :15:04.this is time for two base, people who do not always turn out to the
:15:05. > :15:12.polls, by getting them to register -- first time voter base. I should
:15:13. > :15:17.just say that of course we also have a Republican race here in New
:15:18. > :15:23.Hampshire that will be hotly contested. The polls, nonsense last
:15:24. > :15:28.night's result, but they say Donald Trump is still way ahead in the
:15:29. > :15:31.Republican field. He is here tonight, he has a rally in New
:15:32. > :15:40.Hampshire and will be working up to the wire to show he can be a winner,
:15:41. > :15:43.unlike the result in Iowa. Anthony Stokes about Marco Rubio as an
:15:44. > :15:48.interesting third placed candidate and there are a lot of people in the
:15:49. > :15:52.Republican party who do not want a Donald Trump or Ted Cruz, they want
:15:53. > :15:56.someone more moderate and centrist in their policies so he is trying to
:15:57. > :16:00.step into those shoes but there are other names campaigning heavily here
:16:01. > :16:05.in New Hampshire. The former Florida Governor Jeb Bush and the governor
:16:06. > :16:09.of Jersey, Chris Christie, and they are all hoping if they can make a
:16:10. > :16:14.mark here in New Hampshire that will set the tone for the campaign ahead.
:16:15. > :16:18.Plenty to play for here on both sides. It will be an interesting
:16:19. > :16:22.week. Thank you very much indeed. I will let you get back into Bernie
:16:23. > :16:27.Sanders. That was life from New Hampshire. Every day for the last
:16:28. > :16:29.two or three weeks we have been covering the Zika virus, first in
:16:30. > :16:33.Brazil and then in the Americas and in a little while on Outside Source
:16:34. > :16:39.we will play you the account of one woman who has been living with the
:16:40. > :16:44.condition which the Zika virus can cause, and it is believed can be
:16:45. > :16:51.passed on to mothers having babies who have the virus. We will hear
:16:52. > :16:55.about her experience. Three bodies have been found at a house in the
:16:56. > :17:00.North of England. Police were called to a property near Leeds just before
:17:01. > :17:04.noon after concerns were raised about the occupants. Officers are
:17:05. > :17:08.also liaising with police in North Wales following the discovery of a
:17:09. > :17:12.body in Anglesey. Danny Savage reports. Police have confirmed they
:17:13. > :17:16.are now treating this as a murder inquiry. When became into the house
:17:17. > :17:21.by the late this morning they found three bodies in the house. The body
:17:22. > :17:25.of a woman downstairs, and of two children upstairs. We understand
:17:26. > :17:30.from neighbours those two children are a girl aged about 11 and also a
:17:31. > :17:36.boy aged about six years old. How long they have been there is unclear
:17:37. > :17:39.and so police are no investigating in great detail what actually
:17:40. > :17:42.happened here and what the circumstances are -- now
:17:43. > :17:47.investigating full stop in the words of West Yorkshire Police they are
:17:48. > :17:49.treating this as domestic related incident although they are not
:17:50. > :18:00.speculative about who was responsible or exactly what
:18:01. > :18:04.happened. This is Outside Source and were alive from the BBC newsroom.
:18:05. > :18:08.Our lead story is David Cameron is saying at referendum on the EU
:18:09. > :18:13.membership could be held within a few months. Earlier the EU unveiled
:18:14. > :18:18.draft reforms designed to persuade the UK to stay. Let's turn to some
:18:19. > :18:22.of the main stories from the BBC World Service at the moment. 50,000
:18:23. > :18:31.people have been stranded outside a train station in Guangzhou in China.
:18:32. > :18:35.They are trying to get home for the Chinese New Year holiday and that is
:18:36. > :18:39.clearly not going to happen. Snow in central China is causing delays and
:18:40. > :18:42.let's hope they get homes. The Supreme Court in India has agreed to
:18:43. > :18:52.look again at the Colonial era law that allows for ten jail sentences
:18:53. > :18:55.for anyone engaging in gay six. The law is really applied and
:18:56. > :19:02.campaigners say it is often used to threaten them. -- six. And this
:19:03. > :19:06.waterfall on the Isle of Mull in Scotland is being blown back on
:19:07. > :19:15.itself by the storm. You will find the video in the most watched list
:19:16. > :19:19.on the BBC news app. The last couple of weeks has seen extensive coverage
:19:20. > :19:24.of the Zika virus, primarily because when a pregnant woman has the virus
:19:25. > :19:29.it is believed likely it can cause brain abnormalities in her baby. The
:19:30. > :19:33.condition is called microcephaly. BBC Brasil has been speaking to
:19:34. > :19:38.journalists living with it. My skull is smaller than average. I suffer
:19:39. > :19:42.from microcephaly. The doctor gave his diagnosis. She will not walk or
:19:43. > :19:46.talk and will enter into a vegetative state until she dies.
:19:47. > :19:51.Like many others, he was wrong. I grew up, I went to school, went to
:19:52. > :19:55.university and today I am a journalist. I chose journalism to
:19:56. > :19:59.give a voice to people like me who do not feel represented. With the
:20:00. > :20:03.spike of microcephaly cases in Brazil the need for information is
:20:04. > :20:07.more important than ever and people need to leave their prejudices
:20:08. > :20:12.aside. The Minister for health, for example, he said Brazil will have a
:20:13. > :20:16.damaged generation because of microcephaly. If I had the chance to
:20:17. > :20:22.speak to him I would tell him, what is damaged is your statement, sir.
:20:23. > :20:27.Microcephaly is a box of surprises. You may suffer from serious problems
:20:28. > :20:31.or you may not. I believe those who want to have abortions do not give
:20:32. > :20:36.their children a chance to succeed and survive, as happened with me. I
:20:37. > :20:39.survived and lived, as so many others with microcephaly do. There
:20:40. > :20:45.are mothers did not choose abortion and that is why we exist. -- there
:20:46. > :20:49.are mothers. There is also background information on the Zika
:20:50. > :20:53.virus as well on the BBC News website. We have been speaking about
:20:54. > :20:57.the falling price of oil for months now and inevitably it is starting to
:20:58. > :21:03.hit the numbers of major oil companies. BP's share price today
:21:04. > :21:11.did this. It dropped 26 points, knocking around 7% of the company's
:21:12. > :21:15.value off. There was also a 50% drop in profits for Exxon Mobil. Let's
:21:16. > :21:19.bring in a correspondent live from New York. With regards to BP, oil
:21:20. > :21:25.prices have been down low for a while so why is it suffering today?
:21:26. > :21:28.The company is obviously suffering badly as a result of the price drop.
:21:29. > :21:33.It has had a huge impact on the company has been forced to lay off
:21:34. > :21:36.staff and all of this bit in to prop it will eat my profits and had
:21:37. > :21:43.investors scurrying for the doors. The company has been struggling for
:21:44. > :21:48.12 -- it bit into profits and had investors. Presumably there is only
:21:49. > :21:53.so much the business can do about this. It is not in control of the
:21:54. > :21:56.oil price? If you speak to anyone who has any experience in that
:21:57. > :22:01.industry and they will tell you it is a boom and bust industry, a
:22:02. > :22:05.cyclical one, and we are very much in a downturn. The question is how
:22:06. > :22:10.do you navigate the downturn is? I guess you could argue the price has
:22:11. > :22:14.fallen more sharply than many people anticipated -- downturns. If you
:22:15. > :22:17.look at the forecasts from Wall Street each week on the direction
:22:18. > :22:22.and price of oil, there does not seem an end in sight but if you look
:22:23. > :22:25.at Exxon Mobile, for example, executives they were trying to save
:22:26. > :22:28.cash and they say they will cut to much they invest back into the
:22:29. > :22:32.business because it takes a lot of money to try to get the black stuff
:22:33. > :22:37.out of the ground. They are cutting their spending by 25% this year and
:22:38. > :22:41.they have also cut back how much, how many shares they are buying
:22:42. > :22:46.back, which helps boost their share price so that gives you a sense of
:22:47. > :22:50.the steps companies are taking, the measures, in the case of BP, whether
:22:51. > :22:57.that is laying off staff, what they are doing to batten down the hatches
:22:58. > :23:03.until they start to see prices recover. Thank you, live from New
:23:04. > :23:07.York. Let's get some historical perspective on the crisis Michelle
:23:08. > :23:14.was analysing for us. This report features Mickey Clark looking back
:23:15. > :23:22.over the last 30 years. Oil has become the most volatile commodity
:23:23. > :23:29.of 1986... Hovering at $9 75... 30 years ago the price of oil dropped
:23:30. > :23:33.almost 70% from the year before. The price of North Sea oil has plummeted
:23:34. > :23:39.to a record low and prices could fall to just $5 a barrel. A once
:23:40. > :23:45.thriving North Sea oil sector was hit hard. Ormond oil rigs around the
:23:46. > :23:50.coast of Scotland show an invisible sign of the fall in production. This
:23:51. > :23:55.depression has hit the southern states faster than any they have
:23:56. > :24:00.known before. As the price dropped, even the Texan oil barons suffered.
:24:01. > :24:05.This is the most frightening time I have seen in my 29 years in the oil
:24:06. > :24:10.business. It is going to be a bad spring for borrowers. That is what
:24:11. > :24:14.is frightening investors and producers today. China is no longer
:24:15. > :24:18.consuming oil at the price it was and this means the US is less
:24:19. > :24:25.reliant on imports and Saudi Arabia refuses to cut back, so the
:24:26. > :24:31.unanswered question is how long will the recovery take? Will it be quick
:24:32. > :24:35.or take 20 years like last time? I think in terms of price recovery, to
:24:36. > :24:39.anything like $100 a barrel, that is a very long way into the future,
:24:40. > :24:44.because one of the other key parallels with the situation at the
:24:45. > :24:47.moment is that technology, in the form of US shale, has once again
:24:48. > :24:51.proved able to commercialise a lot of hydrocarbon that was otherwise
:24:52. > :24:56.uncommercial and that genie is not going back in the bottle. One thing
:24:57. > :25:00.for sure is that all the time oil is becoming more expensive to get out
:25:01. > :25:03.of the ground and the producers must continue to invest in the future.
:25:04. > :25:13.Not much chance of that if they start racking up losses. Just a few
:25:14. > :25:16.minutes ago I had a report on the Zika virus. We have won almost every
:25:17. > :25:23.day at the moment. That story has left the Indian car-maker with a
:25:24. > :25:27.predicament. Look at this advert it has recently posted for their newer
:25:28. > :25:39.models, and you can see that while there may be a difference, it still
:25:40. > :25:43.sounds the same. The car is called Zica, and they even have an Lionel
:25:44. > :25:46.Messi photo shopped in there, but they have announced they will change
:25:47. > :25:50.their name. What they have not told us is what they will change it to.
:25:51. > :25:54.This was Outside Source. Thank you very much for watching, keep your
:25:55. > :25:57.comments coming in and I will speak to you in two or three minutes'
:25:58. > :25:58.time.