Welcome to new york, in new york , filling in for katie greifeld. We are looking at an smp back on the rise in the second day of gains and. 7 rise in the s p 500 and further gains in the tech heavy industries in the nasdaq 100 and Sox Semiconductor index flying. That is bringing it on track for a second week of gains with the rebound. The two year yield is only down about one basis point for. 53. We started the week above 4. 60 and last week above 4. 71. Some serious cooling and a bid that remained into the powell testimony. We will talk about the ecb leaving rates on hold for a fourth straight meeting. Traders are boosting their bets for a june rate cut as president Christine Lagarde spoke. Pres. Lagarde inflation is continuing this downward trend and continuing to decline to our target as labor costs marked moderate and supply bottlenecks and the reopening of the economy after the pandemic faded. Sonali now joining us for more is a la sondra. When you look at the pressures and the ex
This is what democracy looks like. Cspan, powered by cable. Jerome powell testified on Interest Rates inflation before the banking committee. They talk about Bank Requirements and immigration and Digital Currency after his remarks. This is nearly 2 1 2 hours. Thank you, the Housing Affairs committee will come to order. General powell, after your Opening Statement and you want to give it again, you can certainly do that. The fed has immense power in shaping the economy, your report is clear, stable prices and employment. The cost of living is too expensive for americans. The fed has one tool to fight the hi p rates. That tool does nothing to takes the real cause. Corporations price gouging to boost profits and make their shareholders richer. Higher Interest Rates dont force corporations to lower their prices but high Interest Rates are raising housing costs, hindering wage growth, stifling Small Businesses, we all know that. Now is the time for the fed to decide whether it will make goo
to clear. elsewhere on thursday it has a bright day, sunshine, one or two showers, a breeze in western scotland and fresher for all areas, the high teens and low 20s. closer to the seasonal norm. friday, a rather cloudy day with outbreaks of rain, most in the north and west. the weekend is brighter but most of the showers in the north and west and warmer and brighter in the south and warmer and brighter in the south and east. thanks, stav. and that s bbc news at ten theres more analysis and that s bbc news at ten. newsnight with victoria derbyshire which isjust getting under way on bbc two the news continues here on bbc one as now its time to join our colleagues across the nations and regions for the news where you are. but from the ten team, it s goodnight. 11 million people are estimated to be experiencing food insecurity in the uk. why? tomorrow the chancellor will summon the five economic regulators in the uk to try to force down prices for consumers. tonight new figures
at least 32 people have been killed and 150 others injured, in a blast in the pakistani city of peshawar. the kremlin has dismissed as a lie a claim by borisjohnson that he was threatened by vladimir putin before the russian invasion of ukraine. new research suggests uk bosses are reluctant to hire over 50s, preferring younger workers. ministers and nhs leaders have announced plans to provide hundreds more ambulances and thousands of hospital beds in england by next winter. £1 billion of existing funding is being allocated and there are also measures to try to reduce the number of patients who turn up at a&e and then stay overnight. but there are questions about how the extra resources will be staffed, and some health experts warn the proposals will be undermined by a burnt out workforce. 0ur health correspondent, katherine da costa, has the details. right, hi, how are you? i m rishi, nice to see you. after weeks of unprecedented strain on the nhs, and criticism over rec
this coming winter. the head of the agency says he believes russia is strategically reducing supplies now to prevent european countries from stockpiling gas. now on bbc news, it s time for click. this week: lara smells rubbish. it doesn t smell, really. but how can we use food waste as fuel? and how can we make meat without the animals? these are not your normal road signs how one video game is crashing through the barrier for deaf people. plus, dog does gaming what a treat. good boy! food, glorious food. we love it maybe a bit too much, because it is often shipped around the world, which is and this is a technical term not good. we have grown used to year round varieties of all fruit and veg, packaged in protective plastic to extend its life, and have long ignored the impact that has on our planet. this week, the uk government announced ambitions to grow more food more locally, but in the meantime there are those who are addressing the problem more immediately. thi