The economy is slowing ahead of the referendum. The bank of england has a tricky judgment call. It cant go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. The assumption is that the economy will pick up the growth it lost in the Second Quarter if the u. K. Votes to stay in the eu. Lots of headlines here. They are rate increases, are more likely than not. It may cause the pound to drop sharply. It sees inflation dropping. That is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. In the 23year horizon. Investors will depend a lot on what happens in the upcoming referendum. The big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. The economy is slowing and the back. Ata is there is a slowdown in construction and manufacturing. The conference
Will join us on macys earnings. Jon futures negative, down by 48 points. Europe come after two days of gains, weve rolled over a little bit with the dax off by. 8 . You at italian banks specifically. Bottom sachs calls the after a day of losses. Euro. Nger in the face of a lot of slide in the treasury market, 10 year is in focus today. Yields still lower, down by a basis point. That call on the yield. Does not look so outlandish today. We will talk a lot about the dollar today. Geetha ranganathan breaks down disneys disappointing earnings. How the yen is affecting toyotas bottom line. Guy johnson has goldman is latest call on the dollar. Ahead to theooks vote on Dilma Rousseff. Plummetingisney premarket. It posted secondquarter results that missed analyst estimates. ,e welcome Geetha Ranganathan live from princeton. Lets talk about the shortfall and reaction here. Obviously, they missed both topline and bottomline. Most of their media peers had reported better results. What happened th
Biased, likening it to a fight between a tiger and a tether to document and whether dilma impeachmentuld face. Hundreds of her supporters have filled the streets of sao paulo on the eve of wednesdays crucial vote. First, then, despite growing discontent on the countrys streets and even among their own backbenchers, frances Ruling Socialist Party has to put article 49. 3 of the constitution to push through their constitutional labor reform bill. Tactiche second time the to legislate by decree has been used while Francois Hollande has been in office. The government says the essential it is essential to cut stubbornly high unemployment figures. Luke shrago has this report. Luke the french government has had enough, pushing forward deeply unpopular labor form performs by decree. It is a good bill for our country and is an act of confidence in dialogue. Luke i like that has led nowhere after months of negotiations and popular protests. It is institute opened the labor market it is designed
Government ships helped crews board fishing vessels. They believe they were inspecting as part of Law Enforcement duties. They issued warnings about the activities in the waters. As intrusions of chinese ships increase, japanese government officials have made a record of the instances public. They posted photos of Patrol Vessels spotted near the Senkaku Islands friday through monday. On one occasion, a record high number of 15 vessels sailed together. And as many as 11 ships entered japanese waters in one day. Foreign minister Fumio Kishida sat down with chinas ambassador to japan cheng. He said unilateral is unacceptable. Japanese officials plan to release an english record on the incursions. China and taiwan claim the islands. The u. S. Government says its keeping an eye on the events unfolding in the region. So were closely monitoring the situation. Were in close communication with the japanese Government Regarding their concern. The United States position on the Senkaku Islands as
Her Reelection Campaign from two years ago. And its gold and more gold for Michael Phelps. The u. S. Swimmer and most decorated olympian in history takes home a 20th and 21st areer gold medal in rio. Genie donald trump is on the defense once again after the u. S. Republican nominee made a rally that seems to be inciting people to shoot his opponent, Hillary Clinton. Trumps Campaign Team quickly tchend claims saying he was just trying to rally gun advocates to massively vote against her but many people including republicans say this time, hes gone too far. Here is more. Donald trump may have crossed Many Political red lines but this one for some, was very grave. Donald trump hillary wants to essentially abolish the Second Amendment. If she gets to pick her judges, nothing you can do, folks. Although the Second Amendment, people, maybe there is, i dont know. Hillary clintons camp was uick to react. One of his big backers chimed in accusing the Clinton Campaign of trying to spin the media