While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl
Equities higher on renewed helps elsewhere for a potential u. S. china trade deal. That confidence fails to spark european market. President trump takes aim at Jerome Powell ahead of todays policy meeting saying he could consider demoting the central bank head. And trump also blasts ecb president mario draghi and his stimulus plans that sent the euro lower against the dollar. There are risks mainly because of brexit, also because of the trade conflict. Even the persistence of these risks are a risk in itself President Trump has increased pressure on the Federal Reserve to cut Interest Rates. Bloomberg reported the white house in february examined the possibility that the administration could demote Jerome Powell from his role as fed chair. The news agency reported that the white house legal review had made a case to replace powell as fed chair but said the move would be open to a legal challenge. Trump also hit out at the ecb after mario draghi hinted at further stimulus for the eurozo
c confirmed could happen as soon as june 1. manu raju has the latest. reporter: speaker kevin mccarthy has been pessimistic as talks have occurred on the staff level the past week to try to avoid the nation s first ever debt default. the white house has resisted calling for the national debt limit which is more than $31 trillion to be raised without any conditions whatsoever to avoid the prospects of the u.s. not being able to pay its bills. the house did pass a bill that included a host of priorities that democrats say is dead on arrival. so there is not much time left. in order to get a deal by that june 1 potential deadline to avoid the default, default could occur in the first couple weeks of june according to the treasury department or as soon as june 1. but he spoke to reporters on monday, and mccarthy made clear there is a long way to go. the way the president has ignored it for 100 days and he still hasn t taken it serious. reporter: even if they would to get a
john: begin america reports this thursday afternoon with 19 days to go now until the midterms. president biden out on the campaign trail today as the pennsylvania senate race comes down to the wire. hello, i m john roberts in washington. sandra: 19 days out, hard to believe. here we go. sandra smith in new york. the president travelling today for his only campaign stop of the week. he ll talk infrastructure before heading to philadelphia to stump for john fetterman. john: happening as polls show republican dr. oz closing the gap against john fetterman, and republicans also gaining ground in contests thought to be democratic strongholds. sandra: our panel standing by. mollie line is standing by in deep blue rhode island. so first to bryan llenas on the ground in philadelphia, expecting to see the president a short time from now. hi, bryan. hi, sandra. $167 million have been spent in the pennsylvania senate race. it s the second most expensive race in the nation beh
At least always people the thing to that explosion, thats a military base and a rock that house is a pro it raining power, minute to group kills one person. The us denies any responsibility. And the ukranian president , i just need to achieve speed of its military support and says it must decide if its keeps along the welcome to the program. At least 9 people are being killed and is really strongly getting rough. Uh, in southern garza, do is may find the following images distressing, not the majority of the dead or women and children. Amongst them is this womans son who was one of the 6 children killed in the attack on the astute on neighborhood. She said, a final good bye or the whole my child who had been so kind to obedience and generous, may rest in gods mercy. I commend your soul to god. I pray you join your brothers and sisters and the fire died. And then these are, the strike is a residential building and rough early on saturday morning residents, along with the rest of the work