The economy is slowing ahead of the referendum. The bank of england has a tricky judgment call. It cant go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. The assumption is that the economy will pick up the growth it lost in the Second Quarter if the u. K. Votes to stay in the eu. Lots of headlines here. They are rate increases, are more likely than not. It may cause the pound to drop sharply. It sees inflation dropping. That is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. In the 23year horizon. Investors will depend a lot on what happens in the upcoming referendum. The big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. The economy is slowing and the back. Ata is there is a slowdown in construction and manufacturing. The conference
Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
Amy as Hillary Clinton looks to a november showdown against donald trump, Bernie Sanders vows to keep fighting for the democratic nomination. Will sanders win today in West Virginia . We will speak to former president ial candidate ralph nader on the democratic race, obstacles facing Third Party Candidates, breaking through power and the rise of trump. , he gets away with absurdities. Yes community that with tank any other political candidate because he is so outrageous in the press thinks he is outrageous, so they give him a pass. It is amazing. Amy all of that and more coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. The Justice Department has sued North Carolina over its antitransgender law. The law bars transgender people from using the bathroom that corresponds to their gender identity. It also invalidates local ordinances aimed at protecting lgbt people from discrimination. Attorney general Loretta Lynch announced the lawsuit mond
Meet the woman charming prince charming. The Invictus Games hero prince harry couldnt wait to celebrate. Good luck. I mean its going to be amazing. I cant wait to give you your medal. Thank you. The swimmer taking home four golds. Why she decided to give one back to the prince. And good morning, america. Happy thursday. Lets take another look at this right now. Smiles going on, a couple kisses right there. The internet explodes. Maybe found a new girlfriend. These games as you know are so incredibly special. Four gold medals for that young woman and i had a conversation with prince harry about the Invictus Games and the first lady. She called him prince charming. Looks like he found a hero just as charming. Why she gave it back and who she wants to give it to. Having a lot of fun with that. We begin with that big meeting with donald trump coming facetoface with paul ryan this morning. The unity of the Republican Party possibly at stake. Abcs tom llamas is on capitol hill with the lates
Ryan to get behind donald trump . Reporter it depends what members you are talking about. A number of republicans are backing donald trump more and more seemingly each day. Some republicans remain hold outs. So this question of party unity is big for trump. He wants to see the party unified. On the other hand, he says he can win the presidency without it. He says he may not need the republican establishment. Doug, describe the protesters out there. We can hear them. We havent seen them. Who is out there for or against . Reporter well, you can probably see them behind me and you see the signs back there. These are all, as far as i can see, antitrump protesters mostly individuals who acknowledged themselves as being illegal immigrants. Immigration is obviously one of the big issues that has been following donald trump around the campaign trail and it followed here at the republican headquarters today. Okay. Doug luzader live for us. Thank you so much. We will check in again as the mornin