Experts Concerned about Brexit Impact on U.K. Economy; Australian Killed in U.S.
SOARES: British Prime Minister Theresa May will probably be on the defensive when she faces questions in parliament in just a few hours. Opposition leaders Jeremy Corbyn will likely criticize Mrs. May over how her government is handling ongoing threats at negotiation.</s>VAUSE: Earlier the Prime Minister warned her cabinet to show unity and stop the leaks after reports of infighting over terms of the divorce from the European Union.</s>SOARES: Well, global business executive Ryan Patel joins us now from San Francisco. Ryan -- thank you very much for being here. Look, we were in the second round now, second day of the latest round of -- we're losing track of all the rounds of these Brexit talks. And it seems really that negotiators are still looking pretty unprepared. How is all this uncertainty being felt would you say on the market?</s>RYAN PATEL, GLOBAL BUSINESS EXECUTIVE: If you've heard of chess pieces, this is more than chess pieces. It is -- there are so many backups of plans from even like (inaudible) Citibank wanting to now start doing stuff with Frankfurt, Japan deal with Europe. The European Union getting stronger, and then Canada and the U.K. potentially doing side deals after the exit. And on top of all that, what's really going on -- no one really knows about how hard the stance is going to be. I think that's where the confusion is happening. But what's different from this and maybe potentially the U.S. economy companies and international countries are actually having backup plans that, you know what, this is what we're going to go for and we're going to put these contingency plans kind of in advance. And that's kind of -- if I'm in the U.K. right now, government you kind of don't want people to make decisions before you actually make the negotiation done.</s>SOARES: Absolutely. But when you don't have a plan it's always quite hard and you don't say what the plan is, it's quite hard for people to plan ahead. And there seems to be no more really good news. I saw today from consultancy PWC really painting a really worrying scenario for the U.K. Economy, they say, will likely basically call the next two years; this, because of rising inflation, arising from that weak sterling, from the weak pound. On top of all this, of course, there are signs of slowing consumer confidence, consumer spending, and increased reluctance, as you say, among businesses to invest. This is really troubling.</s>PATEL: No and it is. And you mentioned that report. There's multiple other reports also talking about why business not going the way it's supposed to. And I think that's kind of the confusion on there. And there are not really -- where do they make a stance? And they've got to decide. And what's different about these reports are other -- again other companies are taking the initiative to go forward on, you know what, we're not going to wait. We think it's going to be the worst outcome. What's best for us? And you know, even in the E.U., right -- Italy and Spain and even Germany. Germany right now is -- could be beneficial, you know, benefit from this. But also they would be also exposed to the outperforming quite a bit. So it's very interesting to see the implication also in Asia as well with Australia, New Zealand and even in Japan and China.</s>SOARES: Look going into these negotiations, you can almost understand why it would be so much inserting, so many questions, you know. No one's been there before. But Brexit, let's remind viewers it was actually on June 23rd of 2016. That's more than a year ago. And still the cabinet looks like they're unprepared. They're divided. I mean there's bickering within the conservative party. You've got leaks basically in, you know, going on. And in the meantime, if you're looking at this video right now, the rest of the world pretty much laughing as, you know, David Davis goes into the meeting looking unprepared with no papers. This is a cartoon from the "Guardian" newspaper, portraying how basically this whole meeting has turned out. There is Europe waiting, (inaudible) on to the table, under the table with a lot of bickering. This does -- what kind of image does it give to the rest of the world in terms of being open for business and being prepared for the next stage.</s>PATEL: I hate to say this. This is actually showing how they don't have any leverage in this situation. And that the E.U. has more leverage to it. And it's sad to see this because obviously, there was a little bit of shock with it from June and you would think that you'd give them three or four months to get to this point. And it's not like there's no new news that's happened. They've known that this is going to happen and move forward. And I feel like they're running out of positions on what to do. And while they continue to bicker, I hate to tell you this, other countries and the E.U. are getting stronger in their positions even though that I believe the U.K. has a lot to offer, obviously in other industries. But you know, they all are at pause right now and that's the problem in the U.K. They've got some initiatives that are going from digital economy and to these other places. But they can't do anything just yet until in the home it gets decided.</s>SOARES: Yes. And the reality, Ryan, it's really hard to find a positive story on Brexit. I mean, I was looking at --</s>PATEL: That's right.</s>SOARES: -- what, any positive news coming out of Brexit when it comes to London. It's hard. I mean you're talking about some of the companies. But I did some digging, I mean, already had JPMorgan, UBS and Goldman Sachs have already said they'll move jobs and investments or both out of the U.K., so very troubling. Important, of course, to get these negotiations under way and to get some clarity, very important. So let's see what comes out today of bringing the parliament, bickering no doubt. Ryan Patel -- thanks very much. Wonderful to see you.</s>PATEL: Thank you -- likewise.</s>VAUSE: Bringing in parliament -- never heard of it. Ok. Coming up, there is growing outrage in Australia after U.S. police shot and killed an Australian woman and the officer who pulled the trigger has declined to be interviewed by investigators.</s>SOARES: All that as people back home are mourning the woman's loss, as well as demanding answers. Some are even calling the U.S. a police state run by quote, "out of control officers".