From fed chair jay powell later this week. The thing is it is the higher Interest Rates putting u. S. Treasuries firmly in focus and the looming Government Shutdown not helping either. Lets have a look at the open for bangkok. The thai market down a fraction and at the moment as well we are seeing the thai baht relatively steady in the face of what we have been seeing. The baht actually is not that steady, around 38. Actuallya a big day for the dollar. A rising yield, weve got the japanese 10year approaching 75 basis points. The three year in australia. Talking of bonds, lets bring in charlie jamison. Thanks for joining us. What are you making of this . We have jamie dimon saying the world not be prepared for a fed funds rate of 7 . Now he says the worst case is 7 with stagflation. What do you make of these comments . Charlie look, i think the world is certainly not prepared for 70 7 rates. We would have a deflationary asset unwind and it would burst a lot of asset doubles. It simply w
Next hour. We will have the latest from the picket line. Scientists say theyve settled one of medicines biggest debates. A huge Study Concludes that anti depressants do work, afterfinding common anti depressants were all more effective at reducing symptoms of depression than dummy pills. And at the Winter Olympics russian curler aleksander krushelnitski is stripped of his bronze medal after admitting to doping. Good morning. It is thursday, 22nd of february, i am rachel schofield. Welcome to bbc newsroom life. Theresa may is due to host a lengthy meeting with senior ministers today to try and hammer out the cabinets position on future relations with the eu. The meeting will take place at chequers, the Prime Ministers country retreat. One of the main issues on the table is how closely the uk should follow eu rules after it leaves. Our assistant Political Editor norman smith is in westminster. Norman. Thank you very much. A key meeting and probably a marathon meeting today which some say
Until at least 2020. And the National Trust votes on banning hunting with hounds on its land even when theyre not chasing a fox. And coming up on sportsday on bbc news, scotland begin the search for a new manager, after Gordon Strachan leaves the role, following their failure to qualify for next years world cup in russia. Good evening and welcome to the bbc news at six. Brinkmanship or genuine frustration . Whichever it was, there was no doubting the downbeat assessment of the state of the brexit talks by the eus chief negotiator. Michel barnier said there remains a disturbing deadlock over how much the uk is prepared to pay when it leaves the eu. He said as a result he cant recommend to eu leaders next week that trade talks begin. Brexit secretary david davis however talked of the significant progress that has been made. Our Political Editor Laura Kuenssberg has more. This contains some flash photography. She wasnt there to help. Eu super girl and anti Brexit Campaigner had slinked he
The chance discovery of some rare 500 year old printed pages from William Caxton which were stuck in another book. Strictly has a new head judge find out more about the queen of latin later in the programme. And coming up in the sport later in the hour on bbc news a lucky escpae for chris froome the Tour De France champion was unhurt after getting knocked off his bike by a hit and run driver. Good afternoon and welcome to the bbc news at one. The Prime Minister says britains Energy Market isnt working and has vowed to end what she described as rip off bills. Theresa may has confirmed that the conservative Party Manifesto will propose a cap on Energy Prices for anyone on a standard variable tarriff. The party says this would benefit 17 million households. Our Political Correspondent chris mason reports. Cook our lunch, making a brew, heating our home we have all got to do it, but its not cheap and the conservatives say too many are being ripped off. The key thing is that people are clea