30, which is interesting and worth bearing in mind we have not traveled that far. The bank of england stepping up preparations for negative rates. You can see quite facing the repricing at the front end of the u. K. Curve as we see the two moving as twoyear prospects of negative rates appear to become greater. Alix more on that boe decision with paul dale, capital economic chief u. K. Economist. Negative rates when, where, the future, how do they do it, when do they do it . I think the answer is probably not for a while, if they even do it at all, which suggests to me that the markets have got a bit too excited. We know that the bank of england has been thinking about negative Interest Rates for some time and said in august for the first time that it is part of the target. And today, the minutes revealed that they have started to make preparations so if they didnt want to use them, they could use them. Now i think that is very different to actually wanting to use them. Back in august,
News from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u. K. Two year yield. We were below japan a little bit early on. Slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. Even the medium one i do not think it was positive. What are we going to be talking about . We will be talking commodities. We will chat oil and a little bit of copper and gold. Francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the Global Commodities research at the bank of america. His dash cam weighing in on those commodities commodities. Fargo, citibank and jp morgan with jp morgan the outperform or. What stood out to you. It was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. In terms of how the shares are performing it is a mix. Jp morgan all the loan gai
Up from san diego. And people that were connected to the president making it very special. If this seems a bit long it is because our family has grown over the years. Peopletalk about special , you are all very important to us. Ll of you here are vips today, i would like to acknowledge of you people and if you could hold your applause until the end, we can get to our speaker. First, i would like to acknowledge our Foundation Treasurer and his wife, betty who are here today. Maureen nunn and her husband, john. And mr. Hamilton. Wife of the late don vendetti. Goodwin. Haron two outstanding supporters of the next in foundation. From the city of yorba linda, first, i would like to welcome mayor Jean Hernandez and councilwoman beth henne. Rare admiral cj james, retired. He oversaw the acquisition of the fleet of marine one helicopters. Something very dear to our heart. ,aptain paul dale representative of President Trump at todays event. The Commanding Officer for the navys largest sure inst
Business news live from singapore. No recession for more than 25 years. Find out if the australian economy is still going strong as we count down to the latest great figures. And the price of bitcoin dips after china hits the breaks on crypto currencies. Welcome to Asia Business report, im Sharanjit Leyl. Welcome to Asia Business report, im shara njit leyl. Australia welcome to Asia Business report, im Sharanjit Leyl. Australia has been ona Sharanjit Leyl. Australia has been on a record streak of Economic Growth, mainly due to a mining boom. There are expectations it will continue to show steady growth as we wait for Second Quarter gdp due out this morning. But why Household Debt as well as slowing demand for minerals from china could dampen growth in the future high. Earlier i spoke to paul dale is from Capital Economics in sydney and i asked him how the australian economy will fare over the next few years. I dont think australia will do terribly badly over the next few yea rs terribl
Forward tochlt 101 south. Notice the deck another back up the crush of traffic has been worse. Getting out of downtown, 280 shut down this weekend. Theyre not only half as many, all drivers will need to squeeze on to 101 southbound the back up on to 101 started this afternoon. Traveling a few city blocks every half an hour or so. How is traffic. Very bad i only work on second and harrison. Ive been in the car 45 minutes we got the carpool. The carpool got us here. Were trying to get to the point. For those driver whos usually head out of the city on 280 south. And 101 south youll need to find harrison and 4th, where im standing. The giants game sells out. Trying to guide drivers used to taking 280. Couple pieces of advice is be patient, Pay Attention to detour signs good advice. Lets check in now with Laura Anthony who had the worst assignment of the day, driving in the traffic. How much a grind has this been for you this afternoon . Laura . Well, carolyn like a lot of folks here i was