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,
Barreling toward the location where the Oil Production goes on. Energye about the oil space, what the 2020 policy has to do with that. We are going to turn our attention to the fed, the big event this week. The markets are watching the annual market symposium in jackson hole tomorrow. It will be virtual and the theme is navigating the decade ahead. The kansas city president Esther George spoke with michael mckee. I will offer you from my perspective this has been a useful process, process that really asks of ourselves to look at what we have learned over the past decade, to try to think about how the economy may have changed, and think about how we communicate to the public. The process in and of itself has been a useful one, and i will leave to the chairman to talk. Michael you have been considered an inflation hawk. Where are you on average inflation targeting . Is to bee my focus true to our price stability target, that our 2 really has to represent what is happening in the real eco
The crisis. Plus with covert 1000. 00 infections spiking throughout europe governments across the continent are breached imposing safety restrictions sparking widespread discontent. And donald trump threatens federal intervention in new york as a wave of violence sweeps the city amid Anti Police Brutality protests and unrest over a lockdown measures. A very warm welcome to the program from all of us here at r. T. H. Q. In moscow thanks for tuning in this hour. Bellerose has entered a 10th day of protest against the president whos accused of breaking the recent election in his favor although demonstrations were initially marred by a heavy handed Police Response they are now largely peaceful factory. Across the country have been brought to a standstill by workers strikes and crowds are out on the streets demanding the president s resignation and vowing to keep up the pressure until their demands are met things looked yesterday. Ok ok. On monday night thousands gathered outside a detentio
Venice well as legal battle to access gold reserves in the u. K. Moves to britains high court. The rate of covert 1000 infections in the u. S. Has surged across southern and southwestern states new cases of the virus spiked where bars and restaurants and other businesses reopened there are questions about other restrictions have been lifted too soon rob runnels reports will sundays. 29 u. S. States and territories are seeing a spike in coronavirus cases several including arizona california oklahoma and texas reported record high single day infections governor rhonda scientists says worrying numbers of new cases involve young people who were previously thought to be at lesser risk huge huge numbers of people particularly in that 20 to 30 cohort who are testing but then testing positive 62 percent of all new cases in florida for the week of june 7th are under the age of 45 decentest says some younger people have let down their guard i think that weve started to see you know some erosion
In their dispute over an uninhabited island in the East China Sea. The coronavirus pandemic is exhilarating across americas south and southwest. Record states reported increases in infections over the weekend as well as rises in the number of people in hospital. The u. S. Accounts for 20 of new global cases. While restrictions have been further reduced in new york, states like florida and arizona are seeing infections rise. Brazils outbreak continues to worsen. India has reported another daily record of cases with more than 15,000 confirmed on monday. The ay, the who warned of the crisis is just as dangerous as the virus itself. Are 29 u. S. States and territories that are e inriencing a spik number of cases. The situation in Los Angeles County is one of the hotspots. The governor of california held a briefing a short while ago. Statistics,sobering saying that over the past 14 days, california reported 35 of all the coronavirus cases that it has recorded since the beginning of the pand