Limbo. The ceo will be b here to explain why the trade war is is hurting his business so much power lunch starts right now wrapping up u on the high note check out facebook shares. They are under pressure as a number of state attorneys general get ready to open an antitrust investigation into the tech giant well have much more on this move later on. Melissa, thanks jay powell speaking moments ago in switzerland this will be the last time we hear from him or any other fed official before the next decision the markets almost guaranteeing a quarter point cut. Did powell give any hints . What do you think, steve were going to let you and viewers be the judge he was in switzerland, asked directly, asked directly by a member of the audience whether he would be cutting rates in the months ahead you tell me what this tells us were watching all of these developments the geo political risks, breck it, incoming data. And really looking at financial conditions and well be assessing those in future
Appetite. Alix as you were pointing out, youre not going to see a lot of Movement Ahead of what is going to have any jackson hole. S p futures down by about two tents of 1 . You have utilities making a record high yesterday, so a little bit of risk on the side. You do have dollar u. N. An with its biggest drop yesterday. Time now for global exchange, where we bring you todays market moving news from around the world. Joining us from london is bloombergs emma chandra. From wyoming, Michael Mckee. From sao paulo, julia leite. First, i want to start in europe. Euro area pmis coming in slightly strongerthanexpected. Bloombergs,go to chandra bloombergs emma chandra. Emma we saw the pickup and composite pmi across the area. We also saw in france a return to growth for french menu factoring. The real headlines out of germany were in manufacturing remained in contraction mode is the engine of the european economy is not looking good, fueling those fears of a eightion, shrinking straight months
And independents, 2027488002. You can tweet us your thoughts at cspanwj and post on our Facebook Page. That is at facebook. Com cspan. Joining us on the phone to explain this proposal from the Trump Administration is anna, she covers Homeland Security issues for the publication. A morning to you. Guest good morning, pedro. Host could this could you explain this proposal and how it changes from the current policy . 2015, a judge of the Central District of california ruled in a settlement that children in i. C. E. Custody and any person with that child could not be held in custody more than 20 days. This is under the Obama Administration and at the time, you have families going through dockets seeking asylum being held 45 days, sometimes 90 days. The issue at hand was you cannot just indefinitely detain a family. Now what we have is any family weather they present at a port and does not have documents or illegally crosses and says i have a credible fear of returning will be taken into cu
Expect growth to slow even further. A lot does depend on the trade war. If that continues on, the growth slowdown will be more severe. If the president finds a way to end the war or call a truce, we might have a different outlook. Most likely, growth a year from now is slower than it is today, which is slower than it is a year ago. 4 , unemployment below full employment, gdp plodding along steadily, wages rising, Consumer Spending is strong. Shade yourat assessment of the economy . Guest we can stay at the thatnt rate of growth, will create jobs to keep unemployment low, below the 4 number. The economic expansion could continue on, everything should be ok. Slow inh continues to the trade war continues on, we wont create enough jobs and unemployment will start to rise. Once unemployment starts to rise, people sense that right away, they will become more cautious in their spending, businesses will pull back on their hiring. Its a self reinforcing, negative, vicious cycle that will take h
Livingstone, Deputy Director in our Global Energy center where i need to work on climate and advanced energy. Thank you very much for joining us here today. Its a terrific to see a full room, particularly amid the dark days of august when so many folks in dc leave for cooler or at the very least, less humid climates. It is surely a traffic registration of interest in this topic and before we get started let me give a big thanks to zach strauss and are Global Energy and art interns who are instruments and making today happen along with our talented medications and events team. They are truly a testament to the assets and professionalism of the Atlantic Council. Dive in to todays discussion by noting that not only are you here because youre fascinated by the narrative that surround the climate challenge in the Energy Transition but you are likely also very interested in the narrators that help us to understand the complexities, ambiguities, leading characters in the emerging solutions at