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
All coming after the markets are coming off a very strong month of june. For the dow, it was the best june performance in over 80 years. You have to go back to 1938 for the month. The dow was up by 7. 2 s p was up by 6. 9 for the month that is its best performance since 1955 and the nasdaq was up by 6. 9 and thats its best performance since the year 2000. Taking a look at what happened overnight in asia, hong kong was closed for a Public Holiday but those markets that were open also up very sharply on again, this idea that trade talks are back on. The nikkei was up by 2. 1 . Shanghai composite up by 2. 25 europe this morning where early trading is taking place, youre going to see green arrows across the board there as well. Biggest gainer looks like the dx ax up by 1. 25 finally check out u. S. Treasury yields on friday we actually fell below 2 for the tenyear briefly. I think we closed right at 2. 0 . Ten year is yielding 2. 01 . Getting to all the weekend news President Trump returni
In the back of the room we have events news letter, stay on top of everything that we have in the store, also we are pleased to have cspan book tv in the house tonight. There will be time for a q a afterwards, but if you want to ask a question, please let us come to you with the microphone so you can be heard here in the store as well as those watching at home. Its my pleasure to introduce our guest for the evening, david kushner. [applause] are here tonight to honor and discuss david kushners latest book, genius man in history of internets rise, the players ball is a deep, deep dive into a lawsuit that defines internet, let me try to set up the basic story for you and give you a sense of how fascinating and unbelievable it is, in 1994 when gary founded the internet dating site match. Com anyone could register, domain name, despite sending certified letter to government contractor, so he had register not only match. Com for date site but sex. Com, but its all it took to register domain
On trump. Im howard kurtz and this is mediabuzz. The debate will be hosted by bret baier and Martha Maccallum. I spoke to the anchor of the story from new york. Martha maccallum, welcome. Hi, howie, good to be with you. Howie i havent seen a build up like this for a first debate at the beginning of a campaign since that 2015 Fox Debate With Political Newcomer donald trump. I turned to the other channels i see fox debate. What are people saying . Why do you think that is . I think theres a lot of enthusiasm. I think people are much more politically engaged and probably since that 2015 debate and i think that people see this as , you know, entertainment that is very eye opening in terms of whats going on in the political world, so i think its a huge opportunity for these candidates on this stage and we see it acrosstheboard that people are just more interested in politics they are more interested in whats going on, so i think its great. Howie people didnt talk about politics or talk abou
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th