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Meanwhile, the chancellor announced tougher benefit sanctions on those who are capable of working. But choose not to. And a National Living wage rise to £11 an hour. Wage rise to £11 an hour. We promised in our manifesto to raise the National Living wage to two thirds of Median Income and ending low pay in this country. At the moment, this country. At the moment, its £10. 42 an hour and were waiting for the low Pay Commission to tell us next Years Commission to tell us next years recommendation. But i confirm today, whatever that recommendation, well increase the National Living wage to at least £11 an hour next year. Least £11 an hour next year. ....
Announced tougher benefit sanctions on those who are capable of working. But choose not to. And a National Living wage rise to £11 an hour. Wage rise to £11 an hour. We promised in our manifesto to raise the National Living wage to two thirds of Median Income and ending low pay in this country. At the moment, this country. At the moment, its £10. 42 an hour and were waiting for the low Pay Commission to tell us next Years Commission to tell us next years recommendation. But i confirm today, whatever that recommendation, well increase the National Living wage to at least £11 an hour next year. Least £11 an hour next year. Thats a pay rise for 2 mil ....
Family. Haidi it is very much in focus today after the pboc removed a pillar of support for the currency. Dropping from the daily session. The currency lower on tuesday. Tom, it is not been in place very long. Why have they chosen to remove year, since may of last that is the first element from the mix. It is dollar weakness. Many say it is a line in the sand. They say they oppose the controls. There is a growing confidence now in terms of policymakers here in terms of the trajectory of the one. Comfortable enough to relinquish elements of control. Thats what they have seen. Charthave a terminal showing the placement of this back in may. N strengthen. Ua that is when you saw the dollar ticking up. Versus the u. S. Dollar. We should expect now a little bit more volatility around theyuan now. Is how question really much forward this leads up in terms of a greater market role for the currency. They could widen the trading band. Right now they are allowed to move up 2 or down 2 . They coul ....
What am i talking about . As you might expect, not a great deal of Market Reaction. This came out as expected across the board. The only big surprise was in manufacturing, 15,000 manufacturing jobs which is three times what was expected. It is a rounding error. The 215 even though thousand number was lower than what economists expected, the previous number was revise higher. It was a net increase of 14,000. Those looking for an Interest Rate increase in september probably got what they wanted. Erik the action has been in twoyear treasuries. Now,73 basis points right in excess thats where people are pricing in the september rate hike. The fed funds future shows a probability of about 60 that we will see a rate moved by the fed in september which is next month. They have their meeting on the 1516th. Probabilityied based on fed funds futures was almost zero in the middle of july ....
Disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, theres so much to discuss i couldnt think of a better day to have you. Welcome back. Nice to see you i know people think of you as this energy guru and oil trader, but what is your broad view on where we are theres so much going on today alone to discuss where do you see the markets right now . Simply at some point when if the ecb pulls back, japan pulls back and all these countries pull back from printing money and the fed has made it obvious what theyre doing, theres going to come a time where the markets just may not go down that much but theyre not going to go up what happens when we enter a period of time when the markets stagnate two to three years where the overall performance is flat . What happens then to all the Pension Funds and municipalities that have all these on ligations that rely on ....