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Will have to rethink how we operate, what hours we open, what days of the week we open, the government money to support that, with potential vat reductions or rate reductions, so that businesses don't have to trade 15, 16 hours a day to pay the fixed costs. it has to be completely re—looked at. uk hospitality businesses have suffered a £100 billion drop in sales since the start of the pandemic. and though staycations may be up this summer, tourist numbers from outside britain are still massively down. chancellor rishi sunak has put in place measures to help hospitality businesses in england...

>> that's 25% less than private insurance pays right now. she says we're going to really slow the growth of medical spending and if it doesn't hit 3.9% there's going to be automatic rate reductions, who knows what that means. and so analysts have looked at this, say there's waving around and assuming that costs will go down without really explaining how it's going to what and how it's going to happen without hurting people's health care. paul: she's has a fallback in there. she says if nub of this works to add up to the way i hope it will then we're going to impose global budgets and essential...

Paul: right. >> that's 25% less than private insurance pays right now. she says we're going to really slow the growth of medical spending and if it doesn't hit 3.9% there's going to be automatic rate reductions, who knows what that means. and so analysts have looked at this, say there's waving around and assuming that costs will go down without really explaining how it's going to what and how it's going to happen without hurting people's health care. paul: she's has a fallback in there. she says if nub of this works to add up to the way i hope it will then we're going to impose global budgets ...

Stocks are expected to trade ahead of that range. the set is trying to prevent a wideing downturn. the pace of job creation slowed last month and manufacturing contracted for the first time in threers 82. wall street is expecting a quarter percent reduction not a bigger one. the fed is expecting a cautious approach to rate reductions. as we've heard from the fed chairman and a number of fed officials there is still a good level of optimism, regarding the current set of the xi and some officials questioning whether we need this second round reduction. the fed is maintaining a cautious rate redu...

But this month is still young. what will happen now? >> well, it is. there's a lot of concern particularly on the federal reserve side. the concern at this point is that the fed is going to be in this one and done scenario as they described the latest july rate cut as this mid cycle recalibration rather than committing to the beginning of a longer term trend of rate reductions. so there's a lot of uncertainty in the marketplace about whether or not the fed will support the economy, support the market. we expect the fed to reduce rates by september but that's the level of uncertainty and concer...