Kevin from bloombergs in downtown washington, d. C. , in Kevin Cirilli. And i am terry i am shery ahn. We start today with jackson hole. The economic symposium will be one of the most closely watched in years. Already Kansas City Fed president Esther George tells bloomberg now was not the time for more rate cuts. As i look at where the economy is, it is not time. I am not ready to provide more accommodation to the economy without seeing an outlook that suggests the economy is getting weaker. Sherry lets bring in bloombergs international and Economic Policy correspondent Michael Mckee live from jackson hole. You have a very busy schedule ahead. We heard from Esther George, but she is not the only one having reservations. No wonder we are seeing this market reaction. Michael the data seems to suggest that the fed would have an excuse for doing it when we saw the ism numbers for market today go below 50. That is a disappointing figure suggesting a contraction in manufacturing, suggesting
The yield curve inverts again, the fifth time in the last week but stocks are shrugging it off. Weaker than expected manufacturing data and this season of retail volatility continues sharp moves in the stocks with more earnings movers coming in the next hour. Watching signals of the Federal Reserve. Philadelphia fed president harker throwing some cold water on any imminent rate cuts. In december i was not supportive of the increase i was supportive of the decrease somewhat reluctantly this time around to get us back to where policy should be were roughly where neutral is i think we are roughly where neutral is right now and i think we should stay here for a while and see how things play out. Well get another view from the Federal Reserve in the next few minutes here on closing bell. Coming up, an interview with dallas fed president Robert Kaplan with steve live from jackson hole joining us for the entire final hour, is mark leeman mark, it does feel like theres a little more optimism o
The well, good morning from moscow just off the 8 am luckily with sunny skies and already the work we kicking off for some big stories that skipped straight to them for you are right. So we all starting of this out in new jersey is where Ministry Authorities there of close the countries as space. Basically slicing the threat of a military intervention from the eco west regional block deadline set by the group to reinstate new jersey to post president. That did expire on sunday. Melina, this little question, the, despite the disapproval of the people of the share planning for the military interventions and for this war was carried out for deployment. The forces to participate in this war has the gun into countries of central africa, the story. These are closely following the preparations for this proxy war and the shares aerospace as close as of today. Its on the 6th of august. I hope you have any attempt to violate the National Airspace will be the subject of a tough and Immediate Resp
Peace process. We want to see a two state solution based on 1967 borders, land swaps between those two countries, an agreement on jerusalem, an agreement on jerusalem, an agreement on jerusalem, an agreement on the right of return. How could you do that as a government if benjamin is a Peace Process, how could you . How could you do that if, as a government, you, you know, if you win the next election , you you win the next election, you would be supportive of calls for Benjamin Netanyahu to be arrested and potentially sent to the hague if he ever stepped foot in britain. Well, the agreement, the bafis well, the agreement, the basis of any peaceful resolution to conflict, is always got to be the rule of law. So i cant ask you the question the other way round. I cant see how you could propose a long term peace settlement in the middle east if it wasnt going to be underpinned by International Law, by partners agreeing security and respect for palestinians and israelis alongside each oth
Downing street today, rishi sunak made the surprise announcement and urged the nafion announcement and urged the nation to stick with him over sir keir starmer addressing tory Party Supporters and his cabinet at Londons Excel Centre a short while ago, he took aim at the labour leader on the 5th of july. Either keir starmer or i will be Prime Minister and he has shown time and time again that he will take the easy way out and do anything to get power. If he was happy to abandon all the promises that he made to become labour leader once he got the job, how can you know that he wouldnt do exactly the same thing if he were to become Prime Minister . We conservatives have got a clear plan with bold action to secure our future board. So lets take that message and that vision of a secure future to every corner of our United Kingdom. And lets show labour that the british people will never be taken for granted. Granted. Meanwhile, the labour leader, keir starmer, responded to the announcement,