so let s now get down to business and we begin with the bank of england and the warning that interest rates could go up by as much as half a percentage point at its next rates meeting. that s according to the bank s governor, andrew bailey. he was speaking to financial leaders in london last night and pledged to do whatever it takes to get inflation under control. we will have to act forcefully. in simple terms it means a 50 basis point increase will be among the choices on the table when we next meet. but it is not locked in. and anyone who predicts that we will do that is doing that based on their own view. we do not pronounce rate decisions for one very simple reason, and pc decisions are based on deliberation at the time on nine people focused on retaining inflation to the 2% target sustainability. well, injust over an hour s time we will get the latest inflation figures for the uk. prices have already been rising at the fastest rate in a0 years at 9.1%. joining me now is
Facebook or microsoft watch him go positive in the wall street journal corporate profits likely best in six years investors love that this morning, news of strong job creation in the private sector, investors love that, too. Lets get to politics, here is a plus. Intense discussions through the night of new Health Care Bill they will keep talking and mark meadows chair of the Freedom Caucus says do not rule out a vote this week. It felt president takes gloves off to supporters a plus he proclaims president obama for the syrian gas attack he says enough to the North Koreans about to hold a difficult meeting his word with zichinas leader if you are if he had up with negatives spewed out by media stay right there we cover politics and money and there is reason to smile wednesday morning, Varney Company is about to begin. Of the e. Stuart that is the floor United States senate and that is senator merkley democrat from oregon all night marathon speech to protest neil Gorsuch Nomination to Su
Based on fear but pick the candidate who can best lead during rocky times. Americans have known Hillary Clinton for decades. To night she makes history. The spotlight is all hers in the biggest speech of her life. Clinton outlining what she says are the stakes in this election. Shell be introduced by hi her daughter chelsea. Shell focus on the theme of stronger together and wont shy away from going after donald trump. The country really is at a point theyre frustrated and afraid, anxious and some someone has to meet them there and take them there. And then that lug. One time rival and now partner, focused on the next eight years. Obama telling clinton, sim proud. All week clinton could count on democratic all stars to deliver devastating blows. Our strength, our greatness does not depend on donald trump. Hes trying to tell us he cares about the middle class. Give me a break. Thats a bunch of mularkey. Our motto is when they go low, we go high. And now trump trying to explain wlaement r
Document its out come. And a chinese navy warned a plane not to fly over a disputed area over the South China Sea. Archaeologists around the world are expressing concern over a Historic Site in syria. Militants have seized the area around the city of palmyra and prepared to take a stand in a World Heritage site. Reporter smoke rose after insurgents took control of the city on thursday. Palmyra is a strategically important location. Its on a highway linking the capital damascus with the areas controlled by the fighters. The celebrated ruins are in the southeast of the city. It includes the remains of temples and colonnades part of what was a busy commercial town connecting the roman empire with persia india and china. Some archaeologists call it venice of the sand. Islamic state militants tweeted that they had occupied the area. A british based Group Monitoring syria says the militants have entered the ruins. The fighters have destroyed a number of historical artifacts in iraq for alleg
Orders looking flat. Consumer demand is measured. Capital goods coming out as a measure of corporate demand, looking up. I will bite you. [laughter] easy, easy. Dont do it, i will lose my contract with adidas. 9 45, pmi, purchasing Managers Index. A lot of earnings. Noble, General Mills, monsanto, bed bath and beyond. I need towels. Gopro is pricing tonight. 2123 . Begins trading tomorrow. President hosting shimon perez at the white house for lunch. Beyonce and jayz kicking off their first combined national tour. Not only are they married, seeking together. The summer concert series. They are not the two that went to florence. No. Kanye counts them as friends. Odds on how long that lasts . This is number three, kardashians. We look at the inner tame industry. Stocks, bonds, currencies, commodities ugly yesterday. 0 points. , down 10 yields have come in, 2. 6 to 2. 58. Nymex crude, 106. 56. 12 on under 11 to above the vix. Dow down. Two year yield gets my attention, creeping higher. Wor