Other economic policies. His is almost an hour. Mr. Powell good afternoon veryone and welcome. My colleagues at the Federal Reserve and i are dedicated to serving the american people. We do this by steadfastly pursuing the goals that congress has given us, stable employment and we are committed to making the best decisions we can based on facts and objective analysis. Today, we decided to lower Interest Rates. We will keep the u. S. Economy strong in the face of notable developments and provide assurance against ongoing rifpks. The u. S. Economy has continued to perform well. We are into the 11th year of this expansion and the outlook remains stable. 2. 5 . Nomy grew at Household Spending supported by a job market and Consumer Confidence has been the key driver of growth. In contrast, Business Investment and exports have weakened and falling manufacturing output. The main reasons appear to be Slower Growth abroad, two sources of uncertainty we have been monitoring. Since the middle of
May be cooling apple shares rise as they unveil the iphone 11 and put a cheaper price tag on its tv service. Good morning. Welcome to street signs. Let me take you straight to the bryce action in europe we had a mixed session for wall street yesterday s p flat, nasdaq a little negative again, the theme was that in the move of bond yields. Its affecting a lot of sectors. Overnight, we had positive news. China published a list of tariff exemptions including livestock, does not include pork, soy or corn the Market Reaction has been positive you can see a full sweep of green. Ftse 100 and we are all eyes on the october summit now up. 8 percentage points. Cac also up around half a percentage point changes around Luxury Brands and casino doing well up more than 1 the italian index also up. Lets talk about sectors the number one theme today is that the cyclical stocks in europe are doing quite well. Banks up 1 . European bank index now up 15 huge recovery. All eyes on that all important ecb m
Good to have you with us the Hong Kong Stock Exchange has made a bid for one of its biggest european rivals the company says it has offered more than 36000000000. 00 for the london Stock Exchange Group Proposal envisions a Single Exchange joining europe with asia chief executive of the Hong Kong Exchange charles lee says the deal would redefine Global Capital markets for decades to come. And our financial correspondent conrad who isnt standing outside another exchange but this one in frankfurt conrad theres a business argument behind this bid from hong kong clearly but theres some very big political questions arent there. Absolutely stephen especially if we take into consideration whats going on right now in the streets of hong kong i mean the protests with beijing tightening its grip on hong kong one has to wonder what such a deal between the Hong Kong Stock Exchange and the london Stock Exchange mean that the london Stock Exchange would eventually be dominated by communist china you
A forest fires. In the region. By british welcome to news asia its good to have you with us they fed rate and. Also to sell their bodies just to survive a grim reality for many women and girls a group that escaped whats been called ethnic cleansing and genocide in myanmar. Most ended up. In sprawling camps in coxs bazar in. Camps which supply a sex trade that everyone knows about but doesnt talk about a team of double reporters by doctors bizarre want to cover or just fast becoming a 2nd tragedy for a government. In the Worlds Largest refugee camp in bangladesh the life for women and children is particularly difficult. This woman fled from me and ma with her 3 children and husband after their village was burnt down 2 years ago. My husband left me and my children after we came here and it was difficult for me to make ends meet i didnt have any other option and i want to live. Any other option that is going to work as a prostitute now when she gets the call she travels to the neighboring
The action. But come to business asia want to get jones will end the t. V. With us so the Hong Kong Stock Exchange has made a bid for one of its biggest european rivals the Organization Says it has offered more than 36000000000. 00 for the london Stock Exchange group the proposal envisions a Single Exchange joining europe with asia the chief executive of the Hong Kong Exchange childs lease says the deal would quote redefine Global Capital markets for decades to come. Now our financial correspondent susan is standing by at a nother eggs change out of the frankfurt Stock Exchange conrads interesting bit but given the current political tensions between hong kong and beijing and of course the brics of chaos here in europe what does all that mean. That means there are still a lot of question marks about whether or not this deal is really going to happen or not with beijing tightening its grip on hong kong more and more one really has to ask wouldnt such a deal mean that in the long run at l