up, down, we saw the bond market flashing warning lights yet again that a recession could be coming. only the dow managing to eke out a gain of just 50 points. the washington post reporting top advisers notified the president that some internal forecasts showed the economy could slow over the next year complicating his path to re-election. now that contrasts sharply with the positive rhetoric we ve heard from the white house. the post is also reporting the administration has discussed creating a rotating fed board where only some fed governors would be able to vote at each interest rate meeting. meanwhile, the leaders of the world s major economies meet this weekend at a sunny resort in south france. but storm clouds hover on the horizon in the form of disrupter-in-chief donald trump. and with u.k. prime minister boris johnson bringing brexit woes of his own, expectations for the summit are low.
in southern france but storm clouds hover over the horizon and the disrupter in chief, donald trump. with uk prime minister boris johnson bringing brexit woes of his own, expectations for the summit are, let s call them low, to say the least. cnn s international diplomatic editor nic robertson is standing by this morning from biarritz. let s call it double disruption in the form of president trump and of course uk prime minister boris johnson. all areas perhaps of contention removed by dumping the communiqué, but what can they achieve here at this meeting? reporter: you know, the french president really sort of sees himself as stepping up to sort out, if you will, the world s problems. this is in the absence of president trump taking that position, so on iran, for example, president macron would really like to see a little concession from president trump towards iran so that he can encourage iran back towards compliance with the joint
wyoming looking here to reinsure investors. he is also facing pressure from president trump and expectations to deliver yet more rate cuts. here is one of the president s economic advisers, larry kudlow. i m not going to second-guess jay powell, i m just going to say i think the handwriting is on the wall for lower rates. the washington post is reporting top advisers notified the president that some internal forecasts showed the economy could slow over the next year, complicating his path to reelection. now, that contrast pretty sharply with the positive rhetoric we ve heard from the white house. the post is also reporting the administration has discussed creating a rotating fed board where only some fed governors would be able to vote at each interest rate meeting. meanwhile, the leaders of the world s major economies meet this weekend at a sunny resort in southern france, but storm clouds hover on the horizon in the form of disrupter in chief
indeed it is. the leaders of the world s major economies meet this weekend at a sunny resort in south france. storm clouds hover on the horizon in the form of disruptor-in-chief donald trump. and with u.k. prime minister boris johnson bringing brexit woes of his own, expectations, let s just say, for this summit are, well, low. cnn s international diplomatic editor nick roberts is standing by live this morning. nick, we are all old enough to remember when these were the most predictable gatherings. nothing would really come out of them minus a communique. that is no longer the case. what are expectations? reporter: yeah. i think when you look at it now, expectations are probably at their lowest. i think perhaps that is the thing that that is becoming a constant. the communiques and recent global gatherings like this, g20s, g7s are becoming weaker. indeed, emmanuel macron, the french president, has said he won t be putting out a communique now. it seems to deal with the