Good afternoon, and welcome to the bbc news at one. The Prime Minister says the governments first budget in october will be painful. Sir keir starmer was speaking in the rose garden at Downing Street ahead of parliaments return next week. He said labour had inherited an economic and societal black hole, but the conservatives called the Speech A Distraction from the promises he had no intention of keeping. Our Political Correspondent Hannah Miller reports. On Hannah Miller reports. A Beautiful Day in the down street on a Beautiful Day in the Downing Street garden, the Prime Ministers message was not so sunny. Looking ahead to the autumn and signalling unpopular announcements to come. There is a budget coming in october. It is going to be painful. We have no other choice, given the situation we are in. Those with the broadest shoulders should bear the heavy a burden. I will have to turn to the country and make big asks of you as well. He country and make big asks of you as well.. well. H
Had fabletics. Com, cnn this morning with kasie hunt. Next its tuesday, august 27, right now on cnn this morning hes not a good debater, shes not a smart person. She doesnt want to debate the debate over debates 14 days from the first scheduled president this will debate the two campaigns are needling each other about how to negotiate, what will happen on stage. And russia launches what ukraine says is the largest air attack since the beginning of the war, leaving over half the country in the line of fire. And the state that may decide the outcome of the election battleground, pennsylvania, were going to break down where both candidates stand in the commonwealth. Just a few weeks out from early voting 5 00 a. M. Here in washington alive, looked at the Nations Capital on this Tuesday Morning. Good morning, everyone. Im kasie its wonderful to have you with us were now just 70 days away from election day and just two weeks out from the first scheduled president ial debate between Kamala H
Infections and deaths. More than 9. 9 million americans have been infected and over 230,000 have died, according to a survey by Johns Hopkins university. This media report that hes considering candidates for top cabinet posts. But biden may face legislative road blocks. After last weeks election, the democrat cans are still three seats short of a senate majority. If the party can win two heated contests in january, there will be a tie. Meaning the Vice President could break potential stalemates. Former republican president george w. Bush and Economic Council director under President Trump has extended congratulations to biden. Other prominent republicans like mitt romney have also joined in. But the most powerful republican, trump himself, has not followed custom and congratulated biden or acknowledged defeat. They demand ed a recount in several states. But many of them have been dismissed on the ground that those claims lack concrete fd. U. S. Media reports a say some of trumps closes
Climax keyser this is the kaiser report fear money. Try over and over again throughout history going back to john law hundreds of years ago and. As voltaire as the value of money always returns to its Intrinsic Value 0. I think we may be at once again an Inflection Point stacey where the fia let me experiment and in paper tears its paper tears from here on out of course kaiser report has told you this for the past 10 years we have warned you about this you know j. P. Morgan himself one time at one point when he was alive back oh about 100 years ago he said gold is money all else is credit well Deutsche Banks head of credit. So he should know agrees with them Deutsche Bank top credit strategist makes stunning admission i am a gold bug for money is a passing fad in the history of money so he said gold is definitely a fee out money hedge hes buying gold and that money will be a passing fad in the long term history of money well yeah this it always has been a passing fad and theres always
So silver is back its pass through its long term resistance for the past 6 years 20 dollars and about 0. 50 has been a resistance it could not punch above that but it punched through that heading past 23. 00 it was like soaring and therefore the bull market is finally back on the confirming the gold bull market as well which never really you know hung out at the 1200. 00 level up and down 100. 00 from there for a few years as well but the gold bull market started about a year ago and now silver is confirming that so here you know you have this guy whos at the top credit strategist and so looking at the bond markets looking at on top of the bond markets bigger than the bond markets as the Derivatives Market and of course Deutsche Bank had i dont know how much of it has blown up with they certainly had the largest derivatives book in the world now passed by j. P. Morgan so i just want to show you this interesting chart its a visual. Capitalists chart all of the worlds money and markets a