People on it that are in close circle of advisers. We have the interior minister minister. This is all coming up in the buildup to sundays election for plandent nicolas maduros to rewrite the constitution. David he has been pushing for this assembly that would take place in august will stop what has the president in august. There have been reporting that something was coming for the past several weeks. The opposition which has been protesting this plan to hold had 7. 5 million supporters in a unofficial ballot. President trump has promised swift action should maduro proceed with this vote which so far, maduro has shown no signs of backing down. David if i am not mistaken, we had an Assembly Like this back in 1999 when chavez called for it. What is this new president proposing doing that is different . Is formerference president hugo chavez, when he we wrote the constitution, he had a widespread mandate to do so. He was elected with high popularity. Ist you are seeing maduro do only abo
Declined and is running below 2 . The forecast link which hasnt changed. Inflation is expected to remain somewhat below 2 within the near term, but it will, according to the statement, stabilize around the 2 objective over the medium term. He continues to strengthen in the labor markets, but june joby john gains, it has been stronger. Basically, this leaves investors with what they were thinking, a Balance Sheets move in september and a great move, if it occurs, push off until perhaps december. Tom certainly some reaction in the market with the vix showing it bounced down under nine. The essence of the market is great. Chicago, is the quiet of the market tangible and real or is it a deceptive quiet . Think it is deceptive. One of the important things is you saw the capitulation for but september is ideal. They admit they like to see the Balance Sheet move. Said, we got a lot of policy uncertainty that is not being price to markets. It is amazing to me how much market ignore the noise f
Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is saying in new jersey yesterday. Do we know whether general kelly said at this in advance . Invented this in advance invented that vetted this in advance . Administration who say that with regard to military strategy the president is making good on his campaign prominence in the sense that he is not looking to broadcast or forecast what his military strategy would be and that is why you are seeing him embrace this level of unpredictability. Yous very different to say are going to be unpredictable
Indexes were pulling back. You can see, were now flat across the board. The nasdaq just inching positive. All and all, one of the rare not up days for your stock investments. And of course all of this coming ahead of what is likely just the second fed rate hike in a decade. Tyler . Thank you very much, brian. We are less than an hour away from that fed rate decision. Most people do expect a quarter point hike. Could it be more . Well explore that in this hour as well. It has been a year since the last hike, then there is yellens News Conference, thats at 2 30 eastern time. Steve liesman following all of it for us live in washington. Hi, steve. Good afternoon. Just a quick note that we got some data this morning, the fed got some data on the second day of its meeting when it makes its policy announcement. And decision. And that data was weaker. I want to show you the cnbc rapid update. What happened is economists have taken. 2 off their forecast for the current quarter, down to 1. 8, th
And fight back. The people voted without knowledge of the terms of brexit. As these terms become clear, it is their right to change their mind. Our mission is to persuade them to do so. Jon guy johnson joins us now from london. Its a question i was asked this morning. What is he doing . Guy he thinks nobody is making the opposite case. Toys are in extent, he has a point. Theres very little that represents the people who voted remain. His tony blair the right person to be making this argument . Its very easy for Boris Johnson it because of tony blairs history of thinking about taking the u. K. Into the euro. He is an exceptional politician was anays speech incredibly wellcrafted piece of political speech writing. Is he is damaged goods in many peoples minds in the u. K. Jon he has the background to understand issues. The likes of tony blair will not make a difference in this debate. Who is his audience as he comes about the brexit situation and urge an uprising . Guy i think hes hoping