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A doctor returns to the hospital. Good morning, everyone. Tom keene in new york, guy johnson in for Francine Lacqua and london. We say good morning to all of you. It has been an extraordinary come historic we can. The queens speech, the Prime Minister hospitalized as well. Tell us about london. Tell us about the mood monday morning in london. Guy lets talk first of all about what is happening with the Prime Minister. Under u. K. Rules, there is no Vice President , there is no vice Prime Minister. So what is happening here is heominic raab has been will chair todays cobra meeting, the emergency cobra meeting, and he is effectively in charge of the government. Boris johnson is still in charge of the government, ....
Were the u. S. And china were expected to sign a partial trade deal. Alltimeks hit an high. Apple, lift, and facebook, all top earnings estimates. The start of trading begins in asia. The start of training in sydney trickling online. Trading has already been underway in new zealand. Weekve policy stocks in from the of it. New zealand trading flat at the moment. The kiwi dollar has been on the move. Higher after 1 west bank said the rmb would pause from november from cutting rates. Centralbank action is the name of the game as investors and asia decide for the meaning of what fed chair powell said overnight. It was a hawkish cut, saying things would stay on hold until the material changes to the Economic Outlook. In his press conference, suggesting inflation is key as to whether they would be any hikes down the road. That does not look likely at the moment. As wes looking positive go into a bank of japan decision day. Shery we ha ....
Lauren goodwin, senior director of multiasset mfrl strategy. Lauren, good to see you. Good to be here thanks for having me, mike want to go back to just about a month ago right before the previous cpi report, right july 12th. The s p 500 within 1 of where it is right now and the 10year treasury yield at 4 where it is right now. When we got it, it was a bit of a kickstart for the late july rally and now weve given it back what is the status right now in your mind of the landing and the economic scenario and how much of that the market can benefit from or potentially have the market learned pretty good information from the last Inflation Report from june that we saw in july which was the disinflationary process has moved from an early stage to a more stable one and that is one where the fed is not done hiking and investors can be excited about the potential for a soft landing. I think its a little bit of a false start because unti ....
A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meet ....