To talk about the key legislation. Lets check on bloomberg first word news, with emma chandra. Bill de blasio says fire officials know there was only one person in todays bombing. A 27yearold man believed to be the bomber is in custody. He was wanted along with three other people. It is a new credible threat against new york city. We will bring you more information as we get it. Russias president made a surprise visit to syria and ordered most Russian Troops should begin to withdraw. He met with the syrian president. It is the First Time Since he sent rested Russian Forces there to back us up and the civil war. President trump plans to make closing arguments for the republican tax cut on wednesday. According to a person familiar with the matter, the speech will take place in washington. House and Senate Negotiators are trying to work out the differences in the tax bills. Returning to saudi arabia. Movie theaters are returning peters they shut down theaters back in the 1980s and a wave
Effects when we are running a big deficit . We always should be worried about interest rates. I dont see them spiking right away. People are fearful because we have growth coming back. We want to solve our debt. You cant solve it just by cutting. We have to grow the economy. People should be fearful of where the money is being sent spent today. It was that discretionary spending. Mandatory Social Security and interest only made 25 . That makes up 69 now. It is automatic. Congress doesnt have control over that year or two year. Issue. A demographic 10,000 people a day for the next two years are qualifying. We should protect them for future generations. It is better to do it when you have a growth economy. Anyone who studies this question says we have to deal with entitlements. We are spending all of our money. We just had a president ial election and neither candidate said we needed to take this on. Will . Re a political are the voters willing to say it is ok if i give something up . Sa
Welcome to the polls. Life from bloomberg headquarters here in london. It is jobs day in the u. S. Forstors will be searching meaning in the numbers ahead of the september Federal Reserve meeting. It may not be super thursday, but the u. S. Has key Economic Data on friday. The next to last jobs report before the Federal Reserves meets in september. The economist we raised we theeyed, predicts with unappointed rate Holding Steady at 5. 3 . As long as job growth and maintenance trend, with an average growth of 200,000, economists inc. The Federal Reserve will raise rates as early as september. Showed calls it a case of me why i shouldnt. One of the reasons the fed shouldnt is because of wage rates. The average will rise 0. 2 . And 0. 3 yearoveryear. Growth and pay is the one missing factor that would help push inflation up to their 2 target rate. Last week there was a negative sign for wages. The employment cost index which measures hourly pay an annual salary rose in the Second Quarter
It is just tuesday. Brendan top headlines. Olivia chinese stocks brendan chinese vonnie chinese stocks taking another dive. Shanghai composite down 7. 6 percent. The benchmark has lost more than a fifth of its value since thursday. There are speculations the government is abandoning market olivia chinese stocks support measures. Europe is bouncing back from markets in the u. K. , france and germany in the green. Samestore in the u. S. , the s p 500 coming off the biggest two day drop in more than six years. Future indicate stocks will be up. The price of less texas intermediate more than 2 per barrel, it felt more than 5 yesterday. Atlanta said president atlanta fed president Dennis Lockhart expects the central bank to raise rates this year. He admits the matter is complicated by china, oil prices and a stronger dollar. Or cleese says the fed probably will not raise rates until next march. Barclays says the fed will not raise rates until next march. China is who Donald Trump Blames for
Then replace at a later date. Lawmakers will return to washington july 10 and they will have three weeks before their august recess to work on an agenda that includes tax reform and more. Some are on the biggest stories this week, and there have been plenty of them. From a g20 some of the kicks off next week, lets welcome reporters. To lets come to you first on the health story. This is where we have spent a lot of our week, talking about this subject. President trump with this repealed and replace at a later date tweet, how is that gone on the hill . Its been a chaotic week on health care, major setbacks for senator mcconnell and Republican Leaders who hoped to get this done before the july 4 recess. They learned by tuesday they didnt have the vote. From theack members were unhappy with the process, the secrecy, and the speed of this, and more importantly, substance of disputes. The president s tweets this morning is not going down well because this was initially the strategy that Rep