Headline. I think that is good for american workers. Looking at the wage growth, and you are looking at the unemployment number, which is the bright news here. Remember, janet yellen said in a healthy labor market wage growth is between 3 and 4 . So we are just about there. As long as wages begin to rise towards 3 , they certainly are. And i think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. We think two and three times next year. Jonathan joining me around the table and new york is oksana, from j. P. Morgan Asset Management. George, head of american fixedincome strategies. Plus coming to us from edinburgh, luke, Senior Investment manager at aberdeen standard investments. I want to begin with payroll reports and just
Headline. I think that is good for american workers. Looking at the wage growth, and you are looking at the unemployment number, which is the bright news here. Remember, janet yellen said in a healthy labor market wage growth is between 3 and 4 . So we are just about there. As long as wages begin to rise towards 3 , they certainly are. And i think the fed is a slamdunk in terms of raising rates in december. This confirms a story that has been permeating the market. The data is Strong Enough and the fed has said they will tighten, therefore december is pretty much in the bag. I think people will rightly interpret that the fed can move. They will go in december. We think two and three times next year. Jonathan joining me around the table and new york is oksana, from j. P. Morgan Asset Management. George, head of american fixedincome strategies. Plus coming to us from edinburgh, luke, Senior Investment manager at aberdeen standard investments. I want to begin with payroll reports and just
Confirmed it has contacted the swiss banks management and says it will unveil its plans shortly. According to the financial times, rdr is hoping to tap into the Turnaround Program, a look at the stock this morning, up nicely to the tune of 2 . Credit suisse issued this response to cnbc saying while we welcome the views of all our shareholders, our focus is the implementation of our strategy which is well on track karen has been talking about this story all morning long. I want to continue that discussion with her. Im a bit flabbergasted by this. This is a share holder who holds 0. 2 of shares, not a big fish do you think hell have any success here hes an interesting character and has a track record he was trying to educate for higher share prices in other companies, and is involved in gama, he is taking on a bigger fish with Credit Suisse. When you think about who is also on the share registgisteregistee harris associates, they are a hedge fund that wants a stronger return, even though
Welcome to bbc news. Spains prime minister, mariano rajoy, is chairing an emergency meeting of his cabinet which is expected to start imposing Central Control over catalonia. Its Regional Government says it will respond with a unilateral declaration of independence. My colleague tim willcox is in barcelona for us. Hello again. What news in the Cabinet Meeting . That Cabinet Meeting is underway, it started at ten oclock local time. Mariano rajoy is holding this exceptional meeting with his entire cabinet to decide what measures they are going to impose under article 155, basically taking autonomy away from the region of catalonia. Just on the process of that, he is going to have to ta ke process of that, he is going to have to take that to the senate, they we re to take that to the senate, they were debated. He has a majority there. Those first measures could be imposed. We are looking properly at the local Catalan Police force, 17,000 strong, being taken under control of the national p
Welcome to bbc news. The spanish Prime Minister Mariano Rajoy has announced steps to remove the Current Administration in catalonia and to hold fresh elections there as soon as possible. He warned of Economic Disaster if the regions separatists succeeded in splitting from spain. Lets cross to my colleague tim willcox in madrid. Iam high i am high above in central barcelona, tens of thousands of people already on the streets. I can show you some pictures. The people are chanting and whistling. They are doing a police helicopter. They are booing. It stretches for about a could limit the won this has been organised by 90 different organisations who are here in the region, in protest at the decision by Mariano Rajoy and the government in central madrid to invoke article 155 and to take direct role back over this region rule. It has got to go through the senate, but the indication is clear, it was the only way forward, given the impasse between the catalan region and the authorities in madr