Forecasts dont take into account that nodeal possibility. This is a key thing that mark carney is going to have to navigate. Heres been a big divergence a lot slowing rate and of people expect rate cuts. How do they forecast this . Do they make separate forecasts based on a nodeal scenario . What will it mean for the pound . Weve hit the lowest since 2017 in todays session and if mark carney does come out with a little bit more of a dovish statement in any way and that puts further pressure on the pound, that of course then could feed into inflation. So hes talked recently about the fact that he really does need to try to illustrate these market activities. Thats what the focus will be. Also of course on new growth and inflation forecasts. The key thing they said is that the uncertainty means a wide range of parts for the economy. There could be volatility during that News Conference. Lisa as we see the pound weaken, weve seen Inflation Expectations pick up. Lets throw up a chart here
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T
Comfortable for you outside. Currently still mid 70s in philly, at the International Airport specifically. Actually flirting with the 50s, even right now in mount pocono. So sign that that cooler and also drier air is starting to nudge its way in. We expect to see not just full sunshine around the region as whole today but still some warmth to work with, despite the passage of the system, not cooling down, just losing the discomfort. As we look ahead to the weekend, with the lower humidity, and the warmth, this is good stuff. I mean, it is a pretty good solid checklist for weekends expectations if you have outdoor plans we look you up here with full sunshine, dogs get hot outside granted the hottest time of the year, most typically, and so well live to up that expectation but again, erika really just not going to look anywhere near as humid. Good news there. Thank you katie. Damaging storms left behind path of destruction, want to slow you the scene overnight new castle, delaware, wher
Going to feel such more pleasant for you. Mid lower 70s generally around the shore points, see the winds more off shore at this point. That will help us stay pretty mild here throughout the course of the day. Not just at the shore but really everywhere else. So expect sun clouds, throughout the day humidity, lowering with time, it is still going to be warm for you, out there make no mistake, 87 degrees, right where we should be for mid july standards, but without the humidity, it is just much nicer day by comparison. Vittoria . Nice, thank you so much, katie. Good morning everyone, traveling on the roads, i would say, it is nice outside. If you are traveling on 422 in particular, if you are traveling right around the area of oaks, out of trooper out of 29, it is beautiful. There is barely anyone out there, in either direction so it is nice clear for you at 5 31 it usually is, to be quite honest, as we wait for rush hour to hit us about 6 00 or 6 15, but sometimes you never knowment we
Im really sad. That was our school. Severe storms whipped through the midatlantic. In philadelphia strong winds and rain caused major flooding. The Confederate Flag will be officially removed from the South Carolina state house. The flag had to come down and thank god it has. The fbi with a sweep of terrortear terrorist arrests. Negotiateing a deal with nuclear iran. Hackers got their hands on more than 21 million Social Security numbers. Im one of those people and my own information was stole snoon we havestolen. We have stupid leaders. I love the mexican people. The problem is the country of mexico the government. Europeans say they have finally received a reform plan they can work with. Dash cam captures a scary collision of a train and a big rig in new york. The driver escaped the fire. All that firefighters in arkansas in a burning home with a backdraft from insulation. They were not hurt. And all that matters. Today we salute the world cup champions. Its going to be amazing. Trul