Already this week. Are almost at 1300 per coin. Back up to percent since december. Again. Are parabolic we will see how that one turns out. Stocks are down today. They were up after treasury secretary mnuchins comments earlier. The yen is down, and gold is down as well. Not clear in terms of the message we are getting. In theory this should be risk on, but stocks arent quite committing to that. Vonnie lets figure out why. Treasury secretary Steve Mnuchin says the china trade deal is 90 done, with reports that the saturday g20 meeting between xi assumestrump and no new tariffs. Our reporter on trade joins us from london. What do we know about what might happen saturday for sure right now . Reporter i think what we are seeing is some pretty classic positioning by President Trump ahead of his very important talks saturday with the chinese leader. Basically, he is laying out two scenarios. One in which there is a cease fire, with no additional tariffs. Plan b, as he describes, is the next
Changing his mind. The first patients benefit from a pioneering new treatment for blood cancer now available on the nhs. Accusations that westminster has failed the north of england, as a new report criticises the lack of investment in the Northern Powerhouse. Commemorations at scapa flow in orkney to mark 100 years since germany sank its own First World War fleet. And in sport its like hes never been away. Andy murray is impressive, on his return to the court, five months after surgery. Good morning. Welcome to bbc newsroom live. There have been calls for the Foreign Office minister mark field to resign after pictures showing him grabbing a protester by the neck and forcing her out of an event in london. She had interrupted a speech by Philip Hammond on what the group said was a peaceful protest about the environment. Police say theyre looking into a number of Third Party Reports of a possible assault. Well, this is the moment last night when dozens this is the moment last night when
Vix at 16. Jpmorgans point this morning was typically, you have the s p down two plus maybe a dozen times since covid. Couple of those were in the depths of covid but generally, its when the vix was about 20 unless we get a shock, maybe the selling is going to end soon if youre looking for why today, theres a slew of reasons. Started overnight in china with weaker Economic Data across the board even though we got a rate cut there, which should be supportive top data in the u. K. And in the u. S. , the data was mixed retail sales, a lot stronger but markets quit trying to figure out whether good news is good or bad news is bad because it keeps the feds hiking rates higher for longer that 1 control group number that feeds into gdp, thats something people were talking about for a monthly gain that was double the expectation and signals the consumer is still in good shape even though we got new York Manufacturing going back into negative territory and showing a lot of pain there you see go
Outlined at the Central Banks Monetary Policy before the Senate Banking housing and urban affairs committee. He also talks about the state of the eco inflation, Interest Rates and bank Capital Requirements. This is two hours and 15 minutes. If you would like to give it again you could certainly dor that. The fed has power in shaping our economy. Your job is to promote stable and maximum employment. Today the cost of living is still too expensive for most americans. The fed has one tool available. That tool does nothing to address the cause for wide costs remain too high. Corporations price gouging to boost profits and make the shareholdersrs richer. Higher rates of doomed force, higher Interest Ratesont ons to lower but high Interest Rates are rising housing costs hindering wage growth stifling Small Business that. Now is the time for the fed to decide whether its going to make good on its commitments into families by lowering Interest Rates and the Financial System from wall street 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