CBCN - Thursday, May 23, 2024 - 12:00 a.m. (ET) - Segment #15

jackson weaver looks into the pressure that is facing canada's largest film festival and that is a piece up available on our website this morning and the cbc news app. In case up missed it, the columbian government is starting phase 1 of the recovery of the san jose shipwreck, looking to picture a map the site of the wreck, using nonintrusive remote sensors. 62 guns, 3 masted galleon sank off the coast back in 1708. 600 people were on board at the time with metals and gems on board worth around $17 billion. This was first discovered in 2015, but there have been legal disputes with indigenous groups and a U.S. salvage company that is laying claim to the wreck. Now, to more priceless treasure. More than 150 items from princess diana, you recognize the hats and dresses, programs. Also some other royals. Up for auction in the U.S. the biggest of it kind this auction, since 1997. There's one of the highlights, the blue strapless star gown. That's the biggest ticket item that she wore for the 1986 premier of "the phantom of the opera". It expected to sell for between 2 2 and 400000. If that sparks your fancy you could too have a piece of royal history at home. This is cbc morning live. >>The Great Canadian Baking Showis back. >> And the winner is... >> Alan, no, it's too soon for that. [upbeat jazz] >> How about after? >> Give me that. >> Ok, sure. ( ) ( ) The infiniti qx60 exemplifies modern luxury. With powerful suv performance, three rows of comfort, and a sleek-yet-daring design. ( ) Lease a 2024 qx60 from 0.99% apr for up to 24 months. Visit INFINITI.ca. ( ) With fastsigns, signage that gets you noticed turns hot lots into homes. FastSigns. Make Your Statement. Canadian summers just hit different with Tims. ("Steal My Sunshine" by Len) Introducing two new Sparkling Quenchers... made with natural flavours and colours. Memories are made with Quenchers. It's time for Tims >> Matt: a chance of thunderstorms in southeastern british columbia and parts of southern albertaem now, here's a look at the cooler air. That's what's dropping our temperatures for much of the prairies, particularly the eastern prairies. Into next week cooler air will shift over to the east and we'll have warmer temperatures on the way, but here's a look at some of the weather we saw yesterday in southern ontario. Very large hail. Take a look at that in the palm of someone's hand. And we have some damage to trees, power outagesem this was in orillia. Here at the weather network we captured that photo. Here's a look at the severe weather on tap for today. It shifted into the afternoon. The possibility of severe storms in area highlighted in orange here. Here's the morning activity, but the stronger storms will flair up into the afternoon. That's what we're working with in terms of where things have shifted today. There's some of the lightning we could see moving through. Really new brunswick will be the target of the severe weather today. Could see storms in parts of nova scotia and P.E.I. as well and parts of quebec. This afternoon for ontario we're back to nice. You could call this golf weather as we're seeing the winds come down. Sunny skies. Temperatures are still warm, but not as much humidity today as the storms from yesterday really took away a lot of those humid conditions. >> Announcer: the weather update is brought to you by the mosquito forecast. Off, prevention is the best >> It makes sense that they get a larger share. Or does it? >> Welcome to the Greenbelt. >> What do we know? I think we can explain. >> Announcer:About That with Andrew Chang. Watch free onCBC Gem. ( ) ( )

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can. Did he go because as the fwovt is spinning it this morning, incorrectly, they have turned the corner on inflation. Which they haven't by the way. I can explain how they've misrepresented the latest figures. What've way you cut it, he only did have a window up until next january before they had to go anyway. There's very little prospect that this country, which is in serious economic trouble, and has serious social divisions was going to be a much better place for the tories by the autumn or by january. So, you know, ... >> Heather: now the political calculation is as good as it gets right now, but that's really interesting. Helps me understand why the headlines today quite often use the words gamble or bet as they were describing his decision to go. You mentioned the economy situation. The social issue situation. What do you think are the issues on which this election will turn, professor? >> I see the starting point is simply that britain, you know, is not in a better place under the tories. Who have either led a coalition or been the sole party in power. Now since 2010. And indeed the situation has gotten far worse through the combination of the covid pandemic. And the U.K. self inflicted wound of leaving the european union. You know, the gdp is probably going to suffer in relative terms by about 8 to 9% by 2030 because of that decision to heave the european union. Trade has suffered. Investment has suffered. Inflation is down to 2.2%, 2.3% now. But that fall is not just as economists were expecting because of our year on year drop on energy prices. So I think the prospect of the U.K. economy is not good, but even beyond that, the day-to-day public services that have been the better british society, a national health service that works, a transport system that serves all people. Housing, education. Those are a breaking point. And because the government has a serious funding crisis, in part, because of the damaged investment,age did a to manufacturing with brexit, it doesn't have the money to repair those public services. Which means the tories are in desperate trouble as the party in power, but that the opposition labour party is being very guarded, indeed almost silent on what they would would do if they win the election. >> Heather: is it an if or is it an inevitability at this point? Is there anything that could prevent, given how much it's leading right now, how much, you know, the inevitability of the labour party win withing on july 4th? >> I say if out of professional politeness. Because I don't think as analysts we should ever accept something as a foregone conclusion can, no matter what the opinion polls say. Now, I think it highly likely that labour will have a working majority. Some estimates say on the current polling figures a majority of up to 200 seats in the house of commons, which would parallel the labour surge under tony blair in 1997. But there are some factors here to consider. First of all, the labour surge in the polls in part is due to the conservative collapse with the hard right reform party taking a lot of the conservative votes. A lot of the labour support may be soft. Labour has been criticized by a lot of it own members over its position on the israel-gaza conflict. Labour has been criticized by some of its members over what it would do on public services and U.K. relations with europe. And you have other parties here that could be making gains into the elections. Notably the liberal democrats who could be on their best results since 2010. I'll give awe wild card to watch here. A lot of labour success will turn on what happens in scotland. Because if the scottish national party, which is it in serious political troubles after the fall of it leader nicholas sturgeon, if it also implodes like the conservatives, then I think we can turn if into when, which is not only a labour majority, but a large labour majority come the election. >> Heather: so we could be seeing major political change come july 4th. Thank you for flagging that. We'll watch what role is played on the far right and as you say the scottish national party, the other opposition parties. Let me ask you, finally -- hopefully finalquy for now. We hope to have you back. But one of the things sunak said yesterday was now is the moment for britain to choose its future. I emphasize choose because as I was introducing you, 2019 was the last vote for the british people.

that was boris johnson, then came liz truss and rishi sunak. But they've assumed the leadership role at this time. What is your read on the mind set of the british people, the british voter at this point, given all that you've laid out and the issues before the country? What mood do you think there is as they face this campaign and the vote in july? >> I've lived in the country for 40 years. I always notice I have an american accent, and I don't speak for people in britain, but there's friends, acquaintances, people I'm in contact wit daily that are just tired. They're tired and almost resigned in terms of what can they do. They're frustrated at seeing what has happened. Not just to their economy, but to their society, which has been divisive, corrosive and full of rhetoric. There are people genuinely worried about the future of this country can, which is far from united, and which is far from great. Because I will just put it this way. Whatever side people were on in the brexit referendum in 2016, that has perhaps been one of the greatest self inflicted wounds by any country in recent history. In part because what it's done in practical terms and to the economy, but in an even larger part in that it's damaged that sense of british community I once felt I was a part of when I was in that country in the 1980's until I recently left for ireland a fuel month ago. >> Heather: professor, thank you for this and we'll speak again. Six weeks we have until the 4th of july and many conversations I hope ahead. Much to watch with interest and thanks for setting it all up for us today fwl thank you, heather and thanks to all your vi >> Adrienne Arsenault: You are constantly on the move, and so are we, making sense of the moments that matter, together. >> I really like the good ideas that come out of these conversations. >> Adrienne: With you, and for you. >> Are you ok? >> Been quite a day, to be honest. >> I'm Adrienne Arsenault. This isThe National. Salonpas, makers of effective pain relief patches for 89 years believes in continuous improvement, like rounded corners that resist peeling, with an array of active ingredients and sizes to relieve your pain. Salonpas. It's Good Medicine. Hisamitsu Money is a thing. You're told to make money, invest money, save money. While others are encouraging you to spend your money. You might even be planning your money ...based on someone else's plan. Maybe it's time to do things...differently. And get obsessed over something other than money. Like building a path based on what's important to you. ( ) we understand money's a thing, but it's not everything. Edward Jones. We do money differently. The Jeep No Limits Eventis here.Which means more trailsto blaze. More challenges to meet. And right now enjoyno payments for 90 days. Get into a Jeep Compass. With best-in-class horsepower. Or Jeep Grand Cherokee,the most awarded suv ever. ( ) Jeep No Limits is here. Time to test your limits. Get up to 10% off msrp for up to eighty sevenhundred dollars in discounts. And no payments for 90 days. How can you protect yourself from continually rising health care costs not covered by your government health insurance? With SureHealth from Green Shield Canada. My SureHealth plan helps to protect me and my family from a lot of routine medical expenses. Host: Like prescription drugs, dental care and vision care. And many unexpected expenses I could face, if I have an accident or get a serious illness. Like physiotherapists, chiropractors, home care, emergency medical travel expenses, and more. And for most plans, your acceptance is guaranteed, with no health exam and no medical questions when you apply. If you're self-employed, don't have health coverage at work, are recently retired or retiring soon, get SureHealth now and protect yourself and your family from rising health care costs not covered by your government health plan. Call or visit SureHealth.ca now for your free, personalized SureHealth info package. That's SureHealth.ca. Bleeding gums? Hold on. It could be a sign of gingivitis. Listerine mouthwash contains antibacterial essential oils that kill up to 99.9% of germs and fight plaque and gingivitis. Listerine. Trusted for generations. With 125 years of germ-killing power. Rosemary:Every week the issues that matter to Canadians. -These are acts of desperation. Rosemary:Connecting politics to people. -We will always protect and defend all nato allies. -Some people have lost everything. Rosemary:Sundays, join me for Rosemary Barton live. >> Heather: after years of consumer outranl over the high cost of concert tickets, the

biden administration is reportedly taking legal action, suing live nation entertainment, the conglomerate that oenls ticket master and dominates the live music business. U.S. immediate he yeah outlets report today the department of justice will launch an anti-trust lawsuit, accusing live nation of having an illegal monopoly by leveraging it control over exclusive ticket sales, artist management, venues and concert promotion. The lawsuit reportedly will be filed as early as today in a new york court. Legal action can be traced to widespread anger over how ticket mast mishandled ticket sales for taylor swift's record smashing "eras" tournament millions of fans were outraged and it led to senators accusing live nation's bosses of running a monopoly when they were called to he have testify last year. Live nation denies it sets high ticket prices and fees. So far the p company isn't commenting on reports of the anti-trust lawsuit. We'll have more on the story out of washington a little bit later on this morning. >>> Bank earnings are getting our attention this morning. Td the first out of the gate and scott is following the I'm imagining big numbers for us today. >> Scott: always big numbers with the banks. $2.6 billion is the net income for the last quarter. So that beat expectations. Therapy also setting aside $615 million for investigations into the anti-money laundering programs that they have set up there. The rest of the banks due to report next week. Let get to the markets. Speaking of live nation, heather, we're watching that stock down 9% on those potential allegations. Meantime oil $77.57. The canadian dollar a little bit positive, along with the euro he and british pound against the U.S. dollar. To the markets as well. Lots of interest in shares. $28 billion in sales beating estimates. That stock up 92% so far this year. In the meantime markets in a good mood this morning. The s&p, dow nasdaq all in positive ( ) Get that ojo Feeling with big progressive jackpots and no playthrough requirements, plus all wins paid in cash - restriction-free. ( ) feel the fun play ojo This new Charmin Ultra Soft smooth tear has wavy edges. It's no ordinary square. New Charmin Ultra Soft smooth tear has wavy perforations that tear so much better with more cushiony softness. Enjoy the go with Charmin. It's odd how in an instant things can transform. Slipping out of balance into freefall. (The stock market is now down 23%). This is happening people. Where there are so few certainties... (laughing) Look around you. You deserve to know. as we navigate a future unknown. I'm glad I found stability amidst it all. Gold. Standing the test of time. Announcer:Who cries more, winners or losers? Cry if you want to cry. Announcer:Can heartbreak help break records? You want to be great, you need to sacrifice. Announcer:Do bigger fans have higher blood pressure? How's your heart rate? Announcer:Why do we love rooting for underdogs? I support the home team. Announcer:What makes top dogs go the distance? How far will champions go to win? I was just curious. Announcer:Does it matter if they have nothing to lose? Is that a yes? Announcer:When you get curious, you getCBC. >> Heather: atlantic hurricane season is bearing down on the east coast. It begins june 1st. This morning we're awaiting forecasts from both sides of the border. Brett is going to be on that story for us today. He's leave on a very -- well, anything but hurricane kind of day in halifax. Beautiful there now, brett. But what are you watching for today in terms of the forecast? >> Yeah, heather, doesn't feel like a hurricane yet. Let's keep it like this. No, hurricane season is upon us. June 1st is usually when it starts. All the way to the end of november. That is typically what the season is, but we'll talk about how things are a little bit beyond typical these days. But yes, watching these two forecasts come in, the first one will be coming from "the national" oceanic and atmospheric administration down south in washington. Then we have a canadian perspective from the canadian hurricane centre here in nova scotia. That's around noon eastern. So watching for that. Stay tuned for that obviously. If you want to hear this year's hurricane forecast. Taking a look back at last year, we saw 20 named storms that were kind of moving and developing in the atlantic, heading up towards the coastline. That is more than usual. And more than what was anticipated at the beginning of

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