02/08/2016

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:00:00. > :00:00.says the result of tests on samples in March and May 20 15th were

:00:00. > :00:00.contradictory. That's all from Sportsday with me, Will Parry.

:00:07. > :00:28.Hello and welcome to our look at what the papers will be saying

:00:29. > :00:32.tomorrow, with me, Lucy Fischer and Philippa Leighton Jones, city editor

:00:33. > :00:37.of the Wall Street Journal. The Financial Times is focusing on

:00:38. > :00:41.Barack Obama's unprecedented intervention in the race for the

:00:42. > :00:45.White House, he says Donald Trump is unfit to become president. The metro

:00:46. > :00:50.beads on a warning that petition banks could collapse in a future

:00:51. > :00:53.financial crisis. The Times says health officials have warned that

:00:54. > :00:57.children with cystic fibrosis will be denied a drug to help them

:00:58. > :01:02.breathe after the High Court ruled that the NHS should pay for a bill

:01:03. > :01:06.to prevent HIV infection. The Daily Express says the UK border agency is

:01:07. > :01:15.not equipped to deal with the current wave of migration into

:01:16. > :01:19.Europe, while the Guardian says that child refugees are not getting the

:01:20. > :01:27.help they need and the Daily male says that culture and surgery may be

:01:28. > :01:33.rationed as the NHS is told to pay for a drug to prevent HIV. The

:01:34. > :01:36.banking crisis? This is all based on a report from the Adam Smith

:01:37. > :01:43.Institute urges a libertarian think tank which, its basic premise is

:01:44. > :01:47.that the Bank of England 's stress tests have not been stressful

:01:48. > :01:55.enough. Not the first time it said this. It said earlier this year that

:01:56. > :01:59.the stress scenarios that these banks are put through not stressful

:02:00. > :02:06.at all, more like mildly pessimistic. And now it is rolling

:02:07. > :02:09.it out again and said that we had a Europe-wide stress tests and the

:02:10. > :02:16.banks did not too badly. That was seven times as bad as the crisis in

:02:17. > :02:22.2008 or as the British ones are only twice as bad. There wasn't a pass-

:02:23. > :02:25.fail in the recent stress tests but of the British banks Barclays Bank

:02:26. > :02:32.came close to a questionable level but even so it could withstand it.

:02:33. > :02:36.Is this overblown, then? I think they are looking at a bigger issue.

:02:37. > :02:41.There is a big issue that needs to be looked at, which is that banks

:02:42. > :02:46.are not that profitable any more. Not as profitable as they were

:02:47. > :02:49.before the financial crisis. That is partly because interest rates have

:02:50. > :02:54.been brought way down, which hurts banks and makes the most profitable

:02:55. > :02:57.because they cannot charge as much. So much regulation has been imposed

:02:58. > :03:04.and banks that they cannot be as profitable as they were before so...

:03:05. > :03:11.Lucy, banks not making as much money as they did before. I'm weeping. The

:03:12. > :03:16.nation is weeping! I can tell! That's right, people would

:03:17. > :03:19.necessarily have much sympathy with bankers, who maybe not making as

:03:20. > :03:27.much money and bonuses may have been clamped down on but it is still

:03:28. > :03:31.stressful... We might get interest rates cut on Thursday. Super

:03:32. > :03:35.Thursday is what we looking forward to in Westminster, it will form the

:03:36. > :03:42.backdrop to the most important Autumn Statement in the. The Daily

:03:43. > :03:49.male. They report on what they call skewed sense of values. Vital

:03:50. > :03:59.cataract surgery rationed as the NHS is told to give money to funding and

:04:00. > :04:02.HIV drug. We saw this in the last administration, the cancer drug fund

:04:03. > :04:07.which people said would take money away from other things and this is

:04:08. > :04:11.even more controversial, and HIV prevention drug, many people might

:04:12. > :04:14.say that 10,000 gay men who will get this daily pill to prevent the

:04:15. > :04:20.infection, maybe they could use condoms instead? Others will argue

:04:21. > :04:26.that different drugs will lose out. It isn't just gay men. Of course

:04:27. > :04:32.not. There is a higher risk with gay men. I understand that the High

:04:33. > :04:36.Court ruling is specifically about daily pills for a high-risk

:04:37. > :04:41.community but of course you are right. The Times has highlighted the

:04:42. > :04:46.fact that children, cystic fibrosis drugs funding will be cut, cataract

:04:47. > :04:52.surgery will be rationed on the back of this decision. Phillipa, Mice

:04:53. > :04:59.will make the ultimate decision and decide whether or not this Prep pill

:05:00. > :05:08.is economically viable for the NHS. So ultimately they will decide. Is

:05:09. > :05:14.this kind of FrontPage and at affecting that debate within Nice?

:05:15. > :05:19.Probably. The point is, these won't be the last comparisons drawn. There

:05:20. > :05:25.will be cancer drugs and all other kinds of treatment is drawn into

:05:26. > :05:29.this debate. What is being argued here is that the prevention will

:05:30. > :05:43.save over ?300,000 a year over the course of a lifetime. So actually,

:05:44. > :05:49.you are putting a sort of... It's difficult. Is there any analysis of

:05:50. > :05:55.long-term saving on this page? Are you shocked by that? It's in The

:05:56. > :06:02.Times. Being facetious. Cameron is to give up the fight for

:06:03. > :06:08.millionaires's peerages. His final honours list leaked. One man has

:06:09. > :06:13.already taken himself of the list without being confirmed if that

:06:14. > :06:18.makes sense. Two stories breaking, this exclusive on the front of the

:06:19. > :06:23.times that Cameron will step back from the former Tory treasurer who

:06:24. > :06:28.raised millions of pounds for the party, Cameron allegedly wanted to

:06:29. > :06:32.reward him with a peerage, the Lords appointments committee has flagged

:06:33. > :06:37.up issues to do with Michael Spencer's company and it has run

:06:38. > :06:39.into regulatory bodies. So it is interesting that this may not go

:06:40. > :06:44.ahead although it seems to me that the damage is done, the row over

:06:45. > :06:48.cronyism is an full throttle. It's the same story we have twice a year

:06:49. > :06:53.with the New Year Honours and the Queen's Birthday Honours. This is an

:06:54. > :06:59.extra level of murkiness with the Prime Minister rewarding almost 50

:07:00. > :07:02.aids, allies, and donors. The suggestion, Phillipa, is that if you

:07:03. > :07:07.are a leader and you leave office you give out these gongs to repay

:07:08. > :07:12.debts that you have built up over your time in office. And Mr Cameron

:07:13. > :07:25.has clearly felt that he has a lot of debts he needs to sort out. A lot

:07:26. > :07:30.of IOUs. And this potential recipient has done an awful lot of

:07:31. > :07:35.fundraising for the party, he has done the philanthropy part as well.

:07:36. > :07:39.But the crucial thing is, his company was heavily involved in a

:07:40. > :07:43.libel scandal. On the East individuals at the company well.

:07:44. > :07:48.Michael Spencer wasn't embroiled in that himself -- or at least

:07:49. > :07:52.individuals at the company were. And it's become embroiled in other rows

:07:53. > :07:57.of regulators, very damaging for the City of London. So then it looks

:07:58. > :08:01.difficult for David Cameron to give a peerage for this especially when

:08:02. > :08:04.you are considering this like Sir Philip Green and his knighthood and

:08:05. > :08:13.the reputational damage that comes with these things. OK. Onto the

:08:14. > :08:18.Daily Express. EU's migrant crisis, Saul, British Borders facing threat

:08:19. > :08:23.from terrorists and smuggling gangs. This is a new report by MPs warning

:08:24. > :08:29.that there are only three patrol boats guarding our island nation.

:08:30. > :08:34.It's not exactly new that security has been downplayed although we

:08:35. > :08:40.don't have a US log in, log and system with whoever comes in through

:08:41. > :08:44.conventional port and air. So the idea of beefing up channel security

:08:45. > :08:50.for people that might be coming across in dinghies is by the by.

:08:51. > :08:54.Home-grown terrorism is as much a threat as foreign as we have seen

:08:55. > :09:00.from recent attacks on the continent. Interesting that today is

:09:01. > :09:04.the day, given this headline that the new EU commissioner from the UK

:09:05. > :09:16.will head up the EU's terrorism force. And interesting remit for

:09:17. > :09:19.him. This is an EU - wide issue, not just our problem, Angela Merkel is

:09:20. > :09:22.facing the ramifications of letting in migrants and operating that

:09:23. > :09:30.open-door policy with migrants last year. And the fallout after that. We

:09:31. > :09:35.have seen in the past few weeks. As Lucy said, home-grown terrorism,

:09:36. > :09:40.this radicalisation can be done online as easily as it can through

:09:41. > :09:45.an open border or an open port. So yes, it is problematic and this is a

:09:46. > :09:50.big problem for the government and the new EU Commissioner on top of

:09:51. > :09:58.what is probably not the best job in the EU at the moment. OK. To the

:09:59. > :10:03.Financial Times. Obama brands Trump not heard from presidency. He is

:10:04. > :10:09.calling upon Republicans to vote for Hillary Clinton! -- he has branded

:10:10. > :10:16.Trump not fit for the presidency. This is an unprecedented move. Yet

:10:17. > :10:21.as Barack Obama has made clear, he stood against Mitt Romney and John

:10:22. > :10:27.Maclean, he never made any such comment, that John McCain, although

:10:28. > :10:30.he did not agree with their policies but with the comments that Donald

:10:31. > :10:35.Trump has made, now getting into a row with the parents of a Muslim

:10:36. > :10:41.serviceman killed in Iraq, it's the final straw for some people. The

:10:42. > :10:45.first member of Congress for the Republicans has said that he will

:10:46. > :10:53.vote for Mrs Clinton. But he cannot stomach Donald Trump. As President

:10:54. > :10:57.Obama said, this is not an occasion we have an episodic gaffe, this is

:10:58. > :11:04.daily. This issue with the parents of the Muslim soldier has obviously

:11:05. > :11:10.galvanised this position. But we are still three months from the

:11:11. > :11:14.election, and while he might be trying to persuade Republicans at

:11:15. > :11:19.this point that they might forget about this episode, this particular

:11:20. > :11:22.gaffe, at this point in time, by the time the November election comes

:11:23. > :11:28.around... The debates are going to be fascinating. It will be

:11:29. > :11:31.absolutely fascinating. I'm interested to see that since the

:11:32. > :11:37.conventions last month the opinion polls are moving in favour of

:11:38. > :11:42.Hillary Clinton are so perhaps this of the match predicted implosion...

:11:43. > :11:46.These impressions have been predicted for months and it hasn't

:11:47. > :11:49.happened. It's interesting that Barack Obama is not making a

:11:50. > :11:53.political point, as you say, Lucy. He talked about Mitt Romney and

:11:54. > :11:57.about John McCain, Republican rivals, who ran against him for the

:11:58. > :12:03.White House but he makes it clear that at no point did he think that

:12:04. > :12:08.they were unfit for the job. He clearly genuinely believes that

:12:09. > :12:13.Donald Trump is not up to it. Vistas and partisan, this is individual.

:12:14. > :12:19.It's about a personality and Trump is a big personality. To the

:12:20. > :12:23.Guardian. The sports pages. Thomas Bach hits out at the world and Edo

:12:24. > :12:29.and body and its nuclear option over Russian Olympians. -- the world

:12:30. > :12:33.anti-doping body. He is the head of the IOC and has been heavily

:12:34. > :12:37.criticised for not facing a blanket ban on Russian athletes following

:12:38. > :12:41.suggestions of state-sponsored doping across Russian athletic

:12:42. > :12:46.boards. He's argued that individual athletes, training so hard, in

:12:47. > :12:51.Russia, should not become collateral damage... The clean ones, that is,

:12:52. > :12:54.because of a state-sponsored policy. To my mind the mutual recriminations

:12:55. > :13:01.between different bodies presiding over the Olympics and the doping

:13:02. > :13:04.scandal, it's all quite unsavoury. And the reason we love watching

:13:05. > :13:09.sport is because of the sense of fair play, and when that is called

:13:10. > :13:13.into question I think it really does turn people off. I think there's a

:13:14. > :13:18.sense of disillusionment with the time difference in Brazil and the

:13:19. > :13:23.anti-climax of London 2012 here, I wonder if they will be quite as much

:13:24. > :13:29.excitement. They have missed this whole thing up, haven't they? Brazil

:13:30. > :13:33.itself hasn't done the best job. The IOC said earlier today that they are

:13:34. > :13:36.going to be very cautious on awarding the Olympics to a

:13:37. > :13:40.developing country in the future because they just don't want to take

:13:41. > :13:44.the risk any more. It's been fraught with difficulty. You've still got

:13:45. > :13:49.bridges collapsing and the water polluted, the US rowing team have

:13:50. > :13:59.had to make special suits for their role as... That's very interesting

:14:00. > :14:02.because with your economics hat on, in 2008 when Brazil got the gig for

:14:03. > :14:06.Rio, this was an emerging market that was going helter-skelter

:14:07. > :14:11.forward. It was the feature, basically! Eight years later, it

:14:12. > :14:15.doesn't look like that. But it was the future. So this big discussion

:14:16. > :14:18.now as to whether a developing country that might have great future

:14:19. > :14:25.prospects, as to whether they should get this kind of gig. The IOC is

:14:26. > :14:28.feeling uncomfortable about it. The problem was that its income was

:14:29. > :14:33.based on commodities and they've fallen off a cliff. They are not in

:14:34. > :14:38.such an economically advantageous situation as they were in 2008. So

:14:39. > :14:42.the IOC is having a problem stomaching going through this again.

:14:43. > :14:47.The Zika virus scandal isn't helping and the entire thing looks like

:14:48. > :14:55.total chaos. Will look forward to the next one back in London. Smile.

:14:56. > :15:01.Experts decide that using dental floss makes no difference. Do you

:15:02. > :15:08.use dental floss? I've always thought it was a waste of time.

:15:09. > :15:14.Philippa? Every day. And your lashes look fantastic. It is clear here

:15:15. > :15:31.that flossing doesn't make a difference -- your gnashers. Day in

:15:32. > :15:36.day out, with a of string... The important thing, it's the US

:15:37. > :15:40.government and we all know that the Americans have the best teeth. They

:15:41. > :15:47.spend a fortune on them. We've got better things to do! All right.

:15:48. > :15:52.Philippa, Lucy, thank you for looking up the stories behind the

:15:53. > :15:56.headlines. Stay with us on BBC News, all the stories are available online

:15:57. > :16:04.where you can read a detailed review of the Papers. And you can see us

:16:05. > :16:09.there with each night's edition of the Papers posted on the page after

:16:10. > :16:10.we have finished. Thank you to Lucy and Philippa and thank you to you

:16:11. > :16:13.for watching.