Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
And here are your top headlines. Angela merkel and president Emmanuel Macron back a 500 billion Euro Recovery Fund for the European Union. The deal needs the support of all 27 eu members, but the two countries of the biggest payers. President trump called the World Health Organization a puppet of china and promise to pull u. S. Funding. Stocks and futures shake off tensions and push higher. After eights potential vaccine for coronavirus. It is raising 1. 3 billion to fund the development. Just under one hour from the start of cash equity trading in europe. We kick off this program with a relatively dire number, european car sales are down 78 in april as demand evaporates. You expect that if you cannot leave the house. Stock futures are barely higher now. Just above unchanged. Dax and ftse futures up about 0. 1 . We have breaking news from the u. K. In terms of the regime that will apply from january 1. Earlier this place year, but we are in this transition phase until the end of decemb
A conservative majority after the next general election will take us in the direction inquiry will begin in the us Congress Today following weeks of testimony behind closed doors. Of a very hard brexit. The basilica is flooded for the david is a good friend but i think on this issue hes sixth time in history. The first televised hearings got it precisely wrong. Of President Trumps impeachment inquire will happen in us congress venice has been hit by the highest today following weeks of testimony good afternoon. Tide in more than 50 years, welcome to bbc newsroom live. Behind closed doors. Flooding the streets. Im joanna gosling. The president is accused of improperly seeking help from ukraine to boost his chances of re election next year. The two main parties in the general Election Campaign are today focussing on what they regard as their key issues. Englands leading football clubs have been placed in a new league table, while labour looks to health designed to assess their the conser
the sunshine is back today across scotland the sunshine is back today across scotland and northern ireland but england scotland and northern ireland but england and wales, more cloud. and for some, england and wales, more cloud. and for some. it england and wales, more cloud. fific for some, it will england and wales, more cloud. fific for some, it will be england and wales, more cloud. e ic for some, it will be on england and wales, more cloud. el ic for some, it will be on the wet side. it s friday, the 21st of april. our main story. the prime minister is under increasing pressure this morning to make a decision over the future of his deputy, dominic raab. rishi sunak has been accused of dithering by opposition parties, as he considers a report into bullying allegations against mr raab, which he denies. our political correspondent jonathan blake reports. have you always behaved professionally, mr raab?i dominic raab s fate is in the prime minister s hands, as rishi
prices are rising faster than they have done for a0 years in the uk. the bank of england says the recent increases in energy hills, which are set to be three times more than they were a year ago, will drive inflation the rate at which prices rise even higher, to 13%. uk inflation hit that a0 year high injune, reaching 9.a%. july s figures are released in a few hours and there is a real chance that headline uk inflation could hit double figures. joining me now is liz martins, uk economist, hsbc welcome and it is good to have you on the programme. what do you on the programme. what do you think? do you think we will hit double digits today and if so how significant is that? that is our forecast that we get to exactly 10% year on year injuly and some of our fellow economists don t think it is quite that bad they say nine point 8% perhaps but 9.8, ten, these are incredible figures that even a few months ago we would have found hard to believe. yesterday we had the labour mark