The end of may if thats the biggest youre going to get, hey, well take it big moves in bunds yields on the tenyear note falling below 10 . There you see it at 1. 99, if my eyes serve me. And gold marching higher prices up 10 so far this month. Sixyear highs on gold more on the gold trade ahead kelly. Tyler, thanks lets get to the comments from fed chair powell he was speaking in the past hour about the economy and fed policy hes still speaking right now because its still the council of Foreign Relations part of the q a. This is, again, Federal Reserve chair jay powell saying the Federal Reserve will act as necessary, as needed to sustain the economic expansion he says that uncertainty over trade and Global Growth have increased. But hes grappling over whether these uncertainties will actually continue. Still, though, jay powell, the fed chair, saying the economy has performed reasonably well this year, and that the baseline outlook for the fed remains favorable, and that policy should
Undermine the now popular soft lining economic story and what will it mean for the markets. Here to help answer that is private wealth chief investment officer, cnbc contributor. So first on the action today, we were only down 3 4 percent but it is two days in a row where it seems like the expected august pullback is resuming. We had the big Growth Stocks of apple, microsoft and nvidia 10 or 11 below and the broader take is Holding Together okay. Do you take heart in that or feel like its noise or delusion . Maybe a little bit of all of those. I feel like there has been a sense of somewhat capitulation in the middle of the day over the last couple days and i think that there continues to be a very strong underlying bullish sentiment which stems from the expectation we will see soft lining or none, we have seen a lot of sectors from even soft landing over the couple weeks. The other thing is investors are trying to determine how much the cpi tomorrow but change the narrative and the thi
the nurse accused of murdering babies, wrote i killed them on purpose because i m not good enough on a post it note. ukrainian fighters who surrendered after weeks of sheltering under a steelworks, we have spoken to one who been released. former culture minister will chair a new body to examine returning the elgin marbles to greece. they are currently displayed in the british museum. good afternoon and welcome to bbc news. liz truss is coming under more pressure from some of her own mps to rethink her tax cutting plans following last month s mini budget. it comes after the goverment last week abandoned its plan to abolish the 45p tax rate for top earners. but senior conservatives have continued to voice grave concerns at liz truss s tax cutting measures without explaining how she will balance the books. one mp last night accused the prime minister of trashing blue collar conservatism . downing street says its policy is the right one for growth. our political correspondent
the spending showdown is about to go down. chad pergram following it all, a lot of details to pull together, but he s the man to do it. chad, what s happening? reporter: david, good morning. senate democrats aim to pass the climate, health and spending bill this weekend, but it may be a long weekend. we just got a ruling from the senate parliamentarian, she green lighted a provision in the bill to let medicare negotiate the cost of prescription drugs. democrats say that makes the cost of pharmaceuticals cheaper. elizabeth mcdonough has a lot of sway in process. the closer you can demonstrate a connection between what you re proposing and its fiscal impact on the federal budget, the more likely it is that it qualify for a simple majority vote out will. if i it doesn t, if it runs afoul of the rules of the road and/or is more designed to impact private sector activity reporter: on tapped today a marathon vote session with perhaps 15 consecutive hours of votes on amendme
We have a little bit of data in the eurozone. And happy Lehman Brothers anniversary. Withit is a look forward mark carneys bank of england, 7 00 a. M. Wall street time. It will be an interesting six days. Francine you are right. The 20the morning of first of september. The fed in the evening of the 21st of september, in england. It will be difficult for the boj to preempt that. We are getting cpi for august, 0. 1 . We will get the euro chart up, but it is as expected. What we saw was better than expected retail sales in the u. K. Sebastian the government signed proposal to build Nuclear Reactors were 24 billion dollars in southwest england. In july, Prime Minister may decided to review the project. Keeping its ultraloose negative Interest Rate on hold, this was National Bank left a record low. 75 . The brexit vote clouded its view of the global economy. China issued its highest door morning as a typhoon a landfall. Heavy rain battered a city. The storm was expected to weaken inland. Th