20/07/2016 The Papers

Hello and welcome to our look ahead to what the papers will be

With me are Colleen Graffy, a former US State Department

official and now law professor, and Jason Beattie,

Let's have a look at tomorrow's front pages.

TheFinancial Times leads with an HSBC trader charged

The Guardian saying that the investigation into payment of

workers at Sports Direct is being expanded.

The Financial Times leads with an HSBC trader charged

The Metro reports that scientists have found a way

The Express says the Bank of England is claiming the British

economy is "booming", after the vote to leave

The Telegraph leads with the same story, along with German Chancellor

Angela Merkel's warning that the UK should not hurry the Brexit process.

The Times reports that Theresa May will delay the talks for leaving

The male leads on the banker charged with fraud in New York reporting the

amount involved is over two and a half billion pounds. That's begin.

Let's kick off at the Financial Times. It has Angela Merkel and

Theresa May at the first meeting between the two leaders, the two

women. They made reference to that in the news conference. Some nice

pictures of the both of them unsurprising they hadn't met for,

they have a lot in common, they are both long married, both daughters of

clergyman, I think Theresa May speaks some Germans which is

wonderful and Theresa May gave Angela Merkel some guides for

Snowdonia and the Lake District and they are both avid hikers. That is

important that they have this compatibility and personal regard

for one another. And that spills over into some of the negotiations

which is that Angela Merkel has clearly said, take it slow, no rush,

no need to rush which I think she probably is welcoming. This was

characteristically like Angela Merkel, I've seen her do this

before, she can be extraordinarily equivocal in everything she says,

take your time, but... Don't leave that to long. From tomorrow, Theresa

May goes to France to Francois Hollande, he will be slightly more

direct and say we want you to get on with that, Angela Merkel does this,

she played Cameron, trying to get the negotiations, showing him a

little bit of space and just as he thought he got to the door she

slammed it shut, she is a difficult customer, I don't think I should be

to harden. But it was an important meeting because this was Theresa

May's first trip abroad. For all new leaders, when we get the new

President in November, the first foreign trip, it speaks volumes

about their priorities on the international stage... It was a key

meeting and also her first visit with an international... Do you

think she looks statesman-like? Absolutely, great picture, thought

she looked great, they are also very much down-to-earth, result

orientated women and I think they will get along famously. The Times

saying post Brexit, the Bank of England reporting no Brexit slump.

Dismiss as usual, says the Times. It has a picture of the leaders in

Berlin. It is notable that all the pro-Brexit papers have gone bigger

than us, they will want to prove themselves right and prove the doom

mongers wrong. Some people would say this is... Didn't the Times come out

for a main, in the end? We were looking at the express and the

Telegraph... This is partly how people thought it would layout, the

pain does not start until we start looking at the negotiations in

detail. We trigger article 50 and then we see what sort of trade deals

we can get. If those trade deals are not satisfactory, anyway punitive to

Britain or we end up being under World Trade Organisation rules venue

was taught to see the damage to the economy, possibly. We were told the

damage would be done immediately... The pound has rallied, the housing

market more resilient than they feared, there is notice about

unemployment fallen to 4.9%, the lowest in a decade. This is pretty

impressive and for Hammond to go in with this in his back pocket is

pretty good. What we need is for Liam Fox to come up with the trade

deal and if they can get trade deals in the works as soon as possible,

that would be very good but... The figure from the Treasury said we

would be worse off by ?4300 every household by 2030, that's the

important thing to remember. We have to wait to 2030! Quite a long way

off but let's talk about the independent online. They have taken

Theresa May... Cruel picture, come on! A lot of commentators said she

sounded like Maggie Thatcher. Why would you go with a picture like

that? A grotesque image of the ghost of Thatcher... Spitting blood. I

think Theresa May did a good performance today, helped by quite a

weak performance... Her first PMQs... There was this one moment

when we watched it on screen and she leaned forward and her voice lowered

and she said... Remind you of anybody? And the whole of us went...

Thatcher! It was chilling, she is back. She has not been like Thatcher

so far... Absolutely. I can see why the cartoonist would exaggerate it.

Quite a clever front page, isn't it? Remind you of anybody and has

something looking like... But that is just grotesque... They could have

done it a little nicer, you know where they stand. Cartoonists aren't

usually very nice. While we are on politics let's talk about the

Guardian... The whole Labour Party fight for the leadership. Owen Smith

and Jeremy Corbyn and the Guardian says nobody quite knows what

activists all their actually think about Jeremy Corbyn, all of these

reports that perhaps they have gone off on a little and the reports that

they are cooling on him. Then they say party officers report he remains

ahead and is likely to win which is stunning with the view that most

people take of him, but I don't want to intrude on your private grief...

But... If Corbyn wins again, this will be disaster for the Labour

Party. But it doesn't look like people really understand or no Owen

Smith, they haven't gotten enough about him... He has a bit of time to

make his pitch, Jason? You could come through, could he conceivably

be to Jeremy Corbyn? I think there's an outside chance but I wouldn't put

it stronger than that. We talked a lot to Labour MPs about this and

they said long-standing members, a lot of them who voted for Corbyn

last year, they started to come back and they are turning their back on

him, the problem they have is these new registered supporters... And

there's been a surge in the last 48 hours. 180,000, staggering, they

think the majority of those for Corbyn, there was a parallel

campaign called saving labour, trying get the moderates to get them

to sign up as well. But the power Corbyn house to motivate and

mobilise his activists and has better use of social media suggests

the majority are supporters. And then the problem is they then seem

to be like sleepers, they sign up, they don't do much activism, much of

doorknocking except they wake themselves up when they need to save

Corbyn in the leadership contest. You have this appalling, very

depressing division between the Parliamentary party and its elected

base. Also, he did superbly with remaining Europe, even if some

people tended to like Jeremy Corbyn, the fact that he really did not

think to try and promote the remain and I think a lot of people hold him

is possible for that. Do the party activists hold him the sponsor book?

-- hold him responsible? Jason, do you think you'll win? At the moment,

given the avalanche of numbers coming in I think he is the firm

favourite. I think Owen Smith is charismatic, a very genial guy, on

the left of the party, but I think his supporters say it will be tough.

I will put you on the spot and dusky by Donald Trump, will he win the

White House? The New York Times has a picture of his children as the

Republican nomination. I would like to adopt the comment of Kissinger

that he made about the Iran Iraq war both can't lose. That is the way I

would look at it. Donald Trump... It is like Corbyn, he has captured the

Republican channel but many Republicans don't feel he is a

Republican or Conservative. But, the people have spoken and it looks like

he will be the nominee. Has he got a chance of beating Hillary Clinton?

He has a chance of winning but the international New York Times

coverage talks about the support from black Republicans and blacks

where we look at last time, President Obama had 95% of the black

vote, Mitt Romney had 5%, Donald Trump is pulling at 0%, similarly

with Hispanics and women, the demographics don't allow someone to

be elected President with just one demographic group so how he's going

to win with those polling numbers, things could change, he has been is

a prize candidate but... It is going to be tough. OK, Jason, the same

paper has a story about Turkey and of course that extraordinary

aftermath to the failed coup attempt in Turkey which is this huge

crackdown, this purge by President Erdogan. In the last couple of hours

he declared a state of emergency and he has come purge his state of

emergency to the one Francois Hollande implemented in France after

the Bataclan attacks, I think it will be different, this will be more

trick only on. And it is because of the strategic importance of Turkey.

-- it will be more trick only on. The West is the ball work in the

edge of the Middle East, it's so important. And suddenly, the New

York Times story he once the... Extradited. At what point does

Turkey become not a democracy any more, when you have this huge purge

and people being kicked out of their jobs? Tens of thousands? It's been

frustrating for the United States because we want a strong, robust

accreditation in Turkey, they are an important ally in an important place

but Turkey keeps asking for the extradition of this cleric but they

have not handed over evidence and there is concern, initially, he was

a good body of Erdogan and they were both very pro-democratic, interfaith

dialogue on these important things but what has happened is that there

is a view that there has been some... When Cameron said during the

EU referendum campaign that turkey's members above the EU wouldn't happen

I think he's been proved right. Just if you seconds to talk about the

Sun, really important news, Sam Allardyce... A terrible pun on the

front page. They think it's all over... I don't want to knock a

rival to much but the Sun is usually pretty good at these headlines, it

may have let itself down, whether England has let itself down by

appointing big Sam, I am it. Is he the man? Never won a major trophy,

the highlight he got Notts County promoted, he has done quite well,

saving Sunderland last season. But it's a big step up. Is he the man to

win England World Cup? Well... He's not as cute as Jose Mourinho, I just

want to make that point. At least he is from this country so that's a

start. A step in the right direction, not that it matters, but

that is a change. Not as cute as Jose Mourinho row! OK... LAUGHTER

thank you both very much. The weather is coming up and then the

headlines. Good evening. Thankfully things

quieting down for the second part of the evening, frequent thunderstorms

across Scotland and then England earlier, some