To. A very warm welcome to you youre watching R T International with me to keep. Our top story a Police Officer has been suspended in the u. K. Off the being filmed need being filmed kneeling on the neck of a black man he was arresting. The locals in front of. You it looks like you got your. Front loaded on security. According to police the man was being detained or suspected of have having a knife as the officers struggled on the ground a crowd of people gathered and then filmed the incidents well what happened is being investigated it has reignited debate about appropriate use of force. Im deeply concerned about todays incident and it is right that met police u. K. Have referred the case of the independent Police Watchdog black londoners still face discrimination and we must work with the community to build trust in the police video footage that i have seen today in the circulating in social media is extremely disturbing some of the techniques used cause me great concern theyre not t
It is posed an interesting issue for a major debt holder china and later the race is on for the head of the World Trade Organization and the European Union is weighing in we bring you the latest on the run with a packed show today so lets dive right in. And we leave the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair Jerome Powell and mts Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know or to support the smooth functioning of these markets which are vital to the flow of credit in the economy. Our ongoing purchases have helped to restore the Market Conditions and have fostered more accommodative financial conditions as market functioning has improved since the strains experienced in march we have gradually reduced the pace of these purchas
Spread have induced a sharp decline in Economic Activity and a surge in job losses indicators of spending and production plummeted in april and a decline in real g. D. P. In the Current Quarter is likely to be the most severe on record. Even after the unexpectedly positive may employment report youre only 20000000. 00 jobs have been lost on net since february and the Unemployment Rate has risen about 10 Percentage Points to 13. 3 percent. The u. S. Central bank says it expects g. D. P. To contract by 6. 5 percent in 2020 but doesnt this big growth of 5 percent in 2021 and 3. 5 percent in 2022 u. S. Equities had bounced back after the decision but fell quickly with the dow dropping by more than 200 points however the tech heavy nasdaq continued its record run on wednesday above 10000 points for more on all of this lets bring in bill bus cohost christine and c. E. O. Of cool intelligence and former fed insider daniel de martino both then i want to start with you here what are the latest
Pound hole in its bottom line. Auto aid renault struggles to restart production amid faultering demand mixes messages from the hill was fed chair and secretary mnuchin give different assessments of the speed of the recovery they also seek to defend their stimulus measures from accusations they are propping up wall street at the expense of main street. Main street is in a class by it self really. Diverse small, medium and Large Companies different credit needs, some credit based, some asset based. It is a really complex undertaking. A warm welcome to the program. Lets kick off with the top corporate story. Marks and spencer has reported more than 20 decline. The company added that it with also accelerate a restructuring effort aimed at trimming costs during the pandemic. Lets get to steve who joins us outside an m and s store in london theyve been struggling to restructure for years now. Is it going to be different this time around . I hope so a lot of us have an historical knowledge of
Hidden in plain sight and why it could happen again. You remember the Financial Crisis Inquiry Commission investigating the causes. You decided not only with democrats but the republican appointees. What did you see they didnt . Looking at the housing system and dodd frank im sorry fannie mae and freddie mac for quite a while before i got on the commission. So i have background on what was happening in the housing sector. So i was looking for the commission to look into what happened with fannie mae and freddie mac and the role they played in the housing crisis and ultimately the financial crisis and the commission was not interested in that and they wouldnt look at it to the degree that i tried to interest them. I was just told i was given all kinds of signals that something they would do so i decided i would dissent so the differences with the other republicans came from the fact that my view our responsibility on the commission was to make sure the American People understood what ha