Im Brian Sullivan and power lunch begins right now. And welcome to power lunch. S p and nasdaq in danger of posting their first declines in eight sessions. Its not just amazon hitting new highs. Carnival trading at alltime high levels back to its ipo in 1987. Netflix and 3m also at record levels. Im becky quick. We begin with breaking news from the Federal Reserve and steve liesman, we meet again. Reporter brain ard with some very interesting comments saying the rate hike is likely appropriate to happen soon and reduction happening soon as well. It should be on autopilot. Its her comments on the issue of full employment and slowing inflation saying they are at odds. Slowing inflation could prompt her to rethink her view and her forecast for additional rate hikes. She said recent data has been lower than expected and theres little sign of page inflation heating up. Inflation numbers are moving away from her forecast. The trump tax cuts could equal 2 in the first few years but most of th
And lost their children, there are firefighters that have come out injured, that we dont even know if theyre going to come out safe. Worried families are desperately searching for news on their loved ones. These three girls are among the missing. The 2a storey Grenfell Tower is still burning in places as fire Grenfell Tower had recently been refurbished at a cost of £10 million. Residents say they were astonished by how fast the flames spread. We will have the latest on this fast moving story in the next hour. A News Conference now with the latest from the Emergency Services. Thanks very much for your patience. You will be aware that the London Fire Brigade received the first of a number of calls to a significant incidentjust number of calls to a significant incident just before number of calls to a significant incidentjust before 1am number of calls to a significant incident just before 1am this morning. A large number of cruise, operational firefighters, morning. A large number of c
Is leading the way. At the g7 and subsequently through a detailed action plan with i called for industry to take responsibility to more rapidly detect and report extremist content online, and industry has now announced the launch of a global forum to do just that. At this summit we set the agenda again. Calling on our g20 partners hear, hear. Calling on our g20 partners to squeeze the life blood out of terrorize network and making the Banking System hossile for terrorist and we Security Agreement on all our proposals. We agreed to Work Together to ensure there are no safe spaces for terrorist financing by increasing Capacity Building and raising standards worldwide. We agreed to bring industry and Law Enforcement both to develop new tools and technologies to better identify suspicious small flows of money being used to support low cost terrorist attacks and just as interior ministers are following up on the online agenda we so finance minister is will from on the g20 submitments to cut
Ambassador to afghanistan. After grenfell tonight we are finally getting some clarity on how big a safety problem has been uncovered in englands Tall Buildings. The government now knows of more than 200 high rises fitted with cladding that does not meet ourfire rules. And we return to mosul. A pulverised city, isis fighters still hiding out in pockets. Can traumatised residents, and returning refugees remake their lives . This is what liberation looks like. Iraqs second largest city, just ruins. The bulk of the city is completely destroyed and devastated. There is nothing left. Good evening. Millions across the United States witnessed the Great American eclipse this evening. From the oregon coast to charleston in south carolina, people gathered in sport stadiums and on beaches and city roofs as the country was plunged into darkness, coast to coast, for the first time in 100 years. It was said to be the most documented such event in history. Centuries ago, an eclipse was everything from
Of the greatest trauma in american affairs, the creation of a new chief executive. According to timehonored customs, the retiring president and president elect gather in front of the white house with congressional exports down congressional members were resulted to take the oath of office. Never was there such a joyful, jubilant yelling. Roosevelt is a nations idle here today. Thousands of americans are here to cheer the birth of a new era in national affairs, a new deal era dispose to pull the country out of its chaos. The hosts of democracy are here to celebrate the greatest Party Victory of all time. And now, everything is ready for the big moment. Chief Justice Hughes of the United States Supreme Court prepares to master the oh oath of office to franklin d roosevelt. [hail to the chief plays] [applause] you Franklin Delano roosevelt do solemnly swear that you will the officeexecute of of president of the United States and will, to the best of your ability, preserve, protect, and de