Median the long one remains unchanged at 2 1 2 . The economy is very much the same as it was in fact, i dont have any changes at all Economic Activity rising at a moderate rate. Job gains solid on average Unemployment Rate remained low the only weak spot there and inflation running below the feds 2 target. The fed used to morninger Global Developments and inflationary pressures. Those two things animating fed policy, very much on its radar there in terms of what is behind or motivating policy right now finally, a little bit on the Unemployment Rate. They lowered the Unemployment Rate forecast to 3 1 2 from 3. 7 and in the long run, down to 4. 1. Thats a sign that the fed at the current rate is willing to tolerate a lower Unemployment Rate thats a number that ases now over the years has come down and down and down. Tyler . Ill pick it up from here, steve. No, its okay do not worry about it, listen, man. You got your hands full there. I love these word counts, back from the old days when
About the nhs. This will be buying my first time voting. I am worried about the lack ofjob and opportunities. When you mean lack of democracy, what do you mean . The parties are ignoring our democratic. We are joined by three candidates. Were also joined by three of the candidates including the conservative whos been mp here for nearly ten years and says he loves his constituency but says he cant promise that he can dramatically improve peoples lives here. Meanwhile, the labour party is today promising to put bad landlords out of business if it wins the election and cap rent rises for private tenants. For too long, and certainly over the last decade, the government has allowed lower rogue landlords to flourish and so it is time to meet the market for renters and that requires the government to act. Also today, a Second National cinema chain, showcase, has joined vue in stopping all showings of the film, blue story, after seven Police Officers were hurt in a fight at a cinema in birming
Draghi be remembered as a hero the head of the European Central bank is said to hold his last meeting before heading over the reins several members of his governing council have publicly criticized his latest measures one top official even resigning over druggies new open ended bond buying scheme which is saying that stabilizing the euro zone. The italian economist has been at the helm of the e. C. B. For 8 years now and they couldnt have been more turbulent. By 2010 and the financial crisis that 1st struck in the us was spreading its contagion to europe economies banks entire nation seemed to be teetering on the edge when the euro came under massive pressure mario druggies comments about what he would do to save it made history. Whatever it takes he said. And it would take a lot by buying up sovereign bonds issued by deeply indebted Member States he allowed them to avoid going bankrupt the e. C. B. Has so far spent nearly 2. 6 trillion euros on them at the same time borrowing money gr
Karen lee, as well as in france, maria tadeo, and in jackson, karen hole, wyoming, Michael Mckee. First, we want to start in asia. China willorts that soon unveil retaliatory tariffs. Karen . Reporter based on what we know, china will take further retaliatory measures on billions of dollars of chinese goods measures in retaliation to tariffs on billions of dollars of chinese goods. At the same time, we have unrest in hong kong. We will be looking to see what those tariffs are. No details were revealed. Alix and hong kong, political turmoil potentially triggering a world recession. That was the conversation yesterday at jackson hole. These are not segmented regional effects. These have really global consequences. Pointould be a tipping that could trigger a very significant global slowdown, even a recession. Alix what is the talk over there . Thats Harvard University economist Carmen Reinhart saying it could be a detriment for the world economy. There are mobile shocks that could rattle
Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch