Rival, bill ackman. Not the best return on a short position. Julie irelands Prime Minister wonders exactly what Great Britain is looking for in brexit talks . Where we are confused and puzzled what does the united , kingdom want with the European Union . Julie central bankers take center stage at jackson hole, and we sit down oneonone with two fed president s. I think you have to be careful on the estimates as opposed to the broader trends. I think we should be removing the accommodation, but it should be Done Gradually. Julie plus, a roundup of the weeks most intriguing earnings report. We had a very high quality set of results. We have to be patient, we know what our businesses are worth. Julie it is all straight ahead on bloomberg best. Julie hello, and welcome. Im julie hyman. This is bloomberg best. Your weekly review of important analysis from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with the major deal involvin
From taking center stage in jackson hole, and investors will be hanging on every single word she says. Cnbcs senior economics reporter Steve Liesman is on the ground with what is sure to be a very big day for the fed and for the market. Steve . Reporter yeah. Melissa, good to put it in context. For the past several years the fed meeting in jackson hole has taken place amidst a crisis, the financial crisis and the fear that the European Union would break up. Labor slack is coming out of the labor market. Were making frustratingly slow progress and the some progress on inflation, and i think that gdp growth in the second half of the year will be stronger because the consumer is strong, and even the Second Quarter gdp number was disappointing, because of a inventory number and final demand was strong and i think the case is strengthening. Im not going to speculate on which meeting. Reporter so theres still plenty that the fed is worried b. U. S. And global growth. Been sluggish. Inflation
Little bit of leadership. Getting this committee together, leading it. You have not heard from the fed chair for a number of months. Aboutif she doesnt talk a rate hike, where does she stand in the committee versus her peers . Before yellen, we hear from a slew of fed president s throughout the program. Robert kaplan, and Janice Lockhart joining us from jackson hole today. A big show as we can you down to yellens speech. Calm in the markets. Jonathan very much so. Markets go nowhere. That is the story for the last couple of weeks. Futures are dead flat. Is unchanged. A little bit of price action on the dax in frankfurt. The price action is subdued. Conviction is low. It is a directionless market. It is looking for some direction from the fed chair. Crude. E to have that in a week of losses potentially after three weeks of gains. You want to see a range bound market look no further than treasury. The tightest month since 2006 on the 10 year. We open this week on a 1. 57 . Curve, itend o
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