Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have
Historically it may end up being more and more of an an oration that his experience was the whole yield curve Interest Rate environment. We had a misery index back then where you add unemployment and inflation together. It was up in the low 20s. We may never see that again i hope we never see that again unless we do if we do, that means something is very wrong. A man and his moment can you imagine a fed being so taking really the world on in terms of im going to break the back of inflation, i dont care what happens to go to 21. 5 on the prime. What year is it now, 2019. He dies at a pretty old age. 92 years old. 92 years old and struggling to get to 2 because he harnessed or vanquished it so effectively when he did. He will be remembered. He was a very tall man and nice man. I know you spent some time with him. He was on the show a lot he was. The same day, you are dealing with cookie monster or what was it, oscar the grouch you are oscar the grouch. The puppetear behind big bird passe
so we ll get to our top story this morning. willie. it s front page of all the newspapers, pictures of president biden and governor ron desantis together one week after hurricane ian made landfall in florida, president biden warning more storms will come. the president visited florida yesterday, just days after surveying storm damage in puerto rico. in florida, president biden and governor ron desantis temporarily put politics aid aside as they met with residents in the fort myers area. we were fortunate to have good coordination with the white house and fema. one of the things you re seeing in this response, we are cutting through the bureaucracy, we are cutting through the red tape, and that s from local government, state government, all the way up to the president, so we appreciate the team effort. i think he s done a good job. look, i called him i think even before he called me when i heard the storm was on its way, we worked hand and glove. we have very different
Its 8am in singapore, midnight in london, and two in the morning in North Western syria, where Turkish Forces are carrying out a Major Military operation. Ankara says it is targetting kurdish fighters who control territory along the Turkish Border in syrias afreen province. But that risks putting turkey on a collision course with its nato ally, the us, which has been backing the Kurdish Forces as they took on the Group Calling itself Islamic State. However, the turkish government sees the kurdish groups as terrorists, with links to militants inside turkey. Our correspondent mark lowen sent this report. As if syria needed more of this. Artillery fire from turkey, launching a new ground and air offensive. Its called operation olive branch, though its anything but a gesture of peace. From the air, turkish f 16s struck yesterday. Their target the Syrian Kurdish militia, or ypg. Turkey sees them as terrorists, linked to the outlawed pkk, who have long fought an insurgency in turkey on behal
Its 9am in singapore, 1am in london, and 5. 30am in the morning in kabul, where afghan Officials Say the number of People Killed when a group of militants launched an attack on the Intercontinental Hotel has risen to 18. All of the gunmen also died, but it took the Security Forces several hours to bring the situation under control from kabul, Zia Shahreyar reports. The final moments of a fight that had lasted all night. Gunfire and explosions, as Afghan Special forces battle to regain control of the Intercontinental Hotel. One soldier throws a grenade. He moves away, then the explosion. The room is soon on fire. Evidence of the struggle that had taken place. The Afghan National flag waving from the roof, proof that the building has been reta ken. We are in the area. You can see the Hotel Intercontinental on the hill in kabul, and as you can see, it was burned, part of the hotel was burned. And black smoke has blackened the southern part of the hotel. More than 150 people, including som