uk debating in parliament whether to ban donald trump from entering the uk following his comments about the muslim community. >> hate crimes are inflamed by the word donald trump is using. >> i heard of a number of cases. i never heard one for stupidity. >> it's good to be curious to see how they end up shuffling that opinion following this unexpected result to come out. hello and welcome. donald trump has won the presidency of the united states. what has this told us about the political process in the united states, what are the change shows and policy initiatives the president will put forward and how does china view the new international landscape to come? happy to be joined in the studio by the professors. a distinguishethe distinguishedm the harvard business school, professor of international relations at the american university in washington, d.c.. but before we begin our discussion, this will be very tough. let's take a look at this. >> donald trump has won the presidency. it seemed as unlikely or impossible. speaking in new york he expressed gratitude towards hillary clinton and

. >> think about the uk, brexit is going to be an issue for us as we look forward. right now we're not seeing any particular demand issues. when we look at our irish business when we export from ireland to uk it will affect us unless we get price increases. i think, you know, it has some degree of psychology effect. >> brexit has caused a few nerves across the home building market. you saw fairly sharp drop after the brexit vote a slight recovery and coming off a little bit in the move october despite the rest of the markets tracking. the picture is double digit negative but modest improvement for persimmon. the ceo told this program there's still strong demand for housing across the uk despite the eu refer rern dum. to the luxury space hugo boss is forecasted with a smaller der cline in profit as aggressive cost cuts are set to decline in sales. the german "fashion house" remain its outlook for 2016 but said market conditions remain tough especially in markets of europe. china was a bright spot but lacked sales increasing and breaking negative trend. the stock is d

donald trump from entering the uk. here are the comments about the muslim community. >> hate crimes by the words donald trump's using. >> a ridiculous xenophobia. >> i would be curious to see how they end up reshuffling their opinion following this very shocking and unexpected result coming out of the u.s. election. we are asking students to participate in this year studentcam tree competition by telling us what is the most urgent issue for our next president, donald trump and the incoming congress to address in 2017? our competition is open to all middle school and high school students grades six through 12. students can work alone or in a group of up to three to produce a five to seven minute documentary on the issue selected to the grand prize of $5000 will go to the student or teamed with the best overall entry page $100,000 in cash prizes will be awarded and shared between you 150 students in ep3 teachers. this year's deadline is january 20, 2017. that's a nonaggression day. for more information about the competit

she argued the uk must not shy away from its role as an advocate for global free trade. >> as we leave the european union we'll use the strength and size of our economy to lead the way in getting out into the world and doing new business with old allies and new partners alike. we will use the freedoms that come from negotiating with partners directly to be flexible, to set our own rules, and forge new and dynamic trade agreements that work for the whole world. >> now coming up, carolin joins us from the ubs conference in london. >> what's behind brerkt? whalgts behind the trump election? he calls it the dramatic rise of white populism. stick around. we'll be back with plenty more in just a few minutes. >>> hi, everybody. welcome back. russia's economy minister has been detained over a $2 million bribe. they said that alexei ulyukayev received the money for giving a positive assessment which led to the oil producers rosneft to acquire a stake in bashneft. alexei ulyukayev is the highest ranked russian statesman to be arrested since the failed coup back in 1991. >> president-elect donald

let us talk about what is happening at a uk retailer. -1.75% to positive. they are narrowing that range. they are taking a bit off the top, so a little bit more confidence about knowing where the future takes us at least. are fullures price. directory is flat, so no growth at all. third-quarter net total sales down by 3.5%. in terms of the forecast going in terms of the numbers, full priced sales under the next brand. the forecast amongst 19 analysts was for a decline of 2%. compare those numbers. third-quarter net brand sales -- down.rand sales that number is weaker than had been expected. this is a business with a very strong track record. profitilson has widened margins for seven consecutive years. he prides himself on the heat has managed to not read his prices in away some others have had to. we'll keep looking out for comments they have about brexit, inflation, and how that is hitting the consumer. that is move on. numbers coming through. this is another business run by someone in favor of a brexit. the first quarter sales up by 2.5% and total sales u

what i said about the uk is the cyclical structure and political, the uk has gone from a highly cyclical currency to a structural and political one. the biggest deficit in the world. politics that are totally uncertain and of course the currency has got to adjust downward to take care of that. anna: more thoughts from you on mark carney. in 2019, if the negotiations are started march 2017, and we have two years, he could be leading just after the end of those to your negotiations. that does not seem like a much calmer time that in the midst of it? david: that is the point. we don't have the worry about the mpc. the structure is independent. people are worried about the independent, that has been pushed away into the monograph and we can forget about that. now, we can concentrate on -- anna: it shows he is writing to the political challenge -- rising to the political challenge? david: we have to get to article 50. carney is going to be there. the independence is rock tight. we are going onto the court cases everyone is focusing on in the market, whether this legal challenge is going to ge

. >> using car as a weapon is a pattern. we have seen it in nice, in canada, in the uk. this is part of the game plan of a number of groups including some of the messaging from al-awlaki. there are some reports that he had been at least checking online on some of those kinds of online communications. >> reporter: you're absolutely right. this is not the first time someone has tried to use a vehicle as a weapon. you know, i guess what is blatantly obvious about this is that an automobile can very easily be used to attain this goal. one doesn't have to go through, no matter what state you are living in or what have you, background checks, these things don't have to take place as long as you can get behien the wheel of a car. we don't know the answer to this either. probably we never will. but the fact that when one of these incidents takes place, it is easy and convenient for a group like isis to then raise its head and say, oh, yes. we commanded this or what have you. we just don't know. but obviously these facebook postings are now starting to raise a lot of suspicions i

wilfred frost joins us from cnbc headquarters. he's got more on that story. >> good morning. so the uk high court has ruled the government does not have the power to invoke article 50 without a parliamentary vote in a landmark surprise decision. this has led to the pound and european markets rallying. whilst this does not mean brexit won't happen, it orders the likely imambulance away from hard brexit to soft brexit. may may have to soften to win a vote. members of parliament are in favor of maintaining access to the single market. lord justice thomas said that the brexit question is purely legal and also irrevocable and rejected the government's desire to use the crown prerogative. will appeal to the supreme court which will be heard. thus is still possible. the ftse down in light of the stronger pound. labor party has released a statement already. the leader jeremy corbyn says they expect the decision to leaf the european union. putting jobs, living standards, and the economy first. which highlights the fact that that's coming from the government's opposition. the brexit do

we think this could be a strong move in the dollar, higher from here. >> so listen to what you told us the day before brexit about the pound and then i want to see where you think it goes next. >> if the pound is at 149.50 and the uk votes to leave, where does the pound go? >> it goes way below last week's level, to 130 initially and may go further still. >> it hung out at 130 for a long time until the election. now talking about the 120s. where do you think it goes, dollar versus the pound? >> now around 125. we had a big decline already. if you look in the next three to six to 12 month period, it goes below 120. the dollar is king here. against both europe and the yen. pound will still suffer. >> mark, i'm curious, how are you positioned going into the italian referendum, specifically in the euro? >> in the euro, we're concerned about political risk, about this weekend, as you rightly say, renzi is likely to lose, could he lose his job? yes. further risk premium built into the euro. we think there could be further pressure. the next year we have the french presidential elections and

the trump effect and be prepared to push the no button would lead us into early elections in italy probably next year with early elections in the uk possible as well. i mean, the spectacle of seeing trump standing next to nigel farage, farage has run seven times and failed to get a seat as an m.p., he's had a massive boost to his personal self-image. but i think discussing reinstating the bust of winston churchill in the oval office may not do as much as what prime minister theresa may would like to have which is the uk go to the front of the cue as opposed to the back. president obama called it for a bilateral trade deal. >> sure. >> just an important point i want to follow-up on tina's comments, that is while certainly populism in uk and u.s. have been great, remember, we have our own currency. once we start breaking away in italy, france, you know, netherlands, you know, they're on a common currency so now we get a euro issue. and that's something we have to really probably end up grappling with next year. >> and, jack, just quickly, what would concern you in terms of rhetoric or tangibl

ministerial committee but the next meeting of that is planned from early in the new year and the uk government engages regularly with the scottish government on a range of issues. >> i am sure it is not just the first minister but 22nd of june this year bruce davidson, those supporting, taylor what we want with a single mask. neither the prime minister, part of the government dragging government over the european union. >> on 23 june people of the united kingdom leave the european union, that is what the government will deliver. >> members should not seek to shut down the prime minister. the question was asked and the answer has been provided. >> it is right the prime minister has incidents and negotiations to the eu, and the campaign was very clear the rights of eu citizens would not be affected if the country were to leave the eu. they never naturalized, can the prime minister assure me she will never instruct me to take away the rights of millions of eu citizens? >> i recognize the personal passion with which my honorable friend raises this issue. i intend and expect to guarantee

we'll take you there when the q&a session begins. meanwhile nigel farage is with us. the man behind "brexit," former uk independence party leader. nigel, it is ironic these two world leaders are essentially on their way out. wondering if you want to take any credit for either of them? >> yes, i would like to kick them a little further out frankly. what we've seen today with their joint statement is that the poor darlings are in denial. they simply can't face up to the fact that their world view has taken a absolute beating in the year of 2016. it began with "brexit," the first break brick out of the wall. now we have trump presidency in the usa. in two weeks time we have a rerun of the austrian presidential election and last contest was scrapped because of electoral fraud and possibility of a right-wing austrian nationalist candidate winning. we also have a referendum on december the 4th in italy where renzi, the prime minister, is going for a power grab, which i think is going to be rejected. so the news for obama and angela, there is more of this to come. stuart: no

from the uk the british prime minister said: on the rainy streets of london today, many are comparing this seismic shake-up of us politics to the uk's vote to leave the european union just a few months ago‘ the reaction will continue to flood in throughout the day‘ the the german the german chancellor angela merkel is the german chancellor angela merkel is making a statement about now. is making a statement about now. jimmy is making a statement about now. jimmy hill is in berlin is making a statement about now. jimmy hill is in berlin for us, is making a statement about now. jimmy hill is in berlin for us, one jimmy hill is in berlin for us, one assumes the tone jimmy hill is in berlin for us, one assumes the tone of the statement assumes the tone of the statement will be assumes the tone of the statement will be cordial, but what are they will be cordial, but what are they really thinking in berlin? will be cordial, but what are they really thinking in berlin? -- really thinking in berlin? -- jenny. we really thinking in berlin? -- jenny. we expect a really thinking in berlin? -