Later on in the session. Will have more on what jay powells comments mean treasury yields here with tenyear yield at 4. 16 . Lets go to lindsey and talk at the same time fed chair jay powell said bringing down inflation will take longer than previously expected he cast doubt at the next policy move could be a hike. Its unlikely that the next policy rate move would be a hike i say unlikely you know, our policy focus is what i mentioned which is how long to keep policy restrictive. Thats all fine and good. Joining us is stifel chief economist lindsay pietza do you remember the days of mike and drexel, lindsey . Do you remember when someone would have a high degree of confidence and when you could arrange financing . Do you have a high degree of confidence we know exactly where we are in terms of inflation and rates right now . No, i think it is telling that the fed chairman conceded it will likely take longer to gain the confidence and inflation is back on the disinflationary trend and a
Road and bus projects in the north, the midlands and across the country. The speech was widely seen as an opportunity for the Prime Minister To Revitalise his party ahead of a general election expected next year. Political editor chris mason reports. Manchester this lunchtime, and the Prime Ministers warm up act his wife. Rishi and i are each others best friends, and i could not imagine being anywhere else to show my support to him. Rishi sunak began by thanking her, his daughters, his parents as he drew a link between himself and margaret thatcher. This conservative party, the party of the grocer s daughter and the pharmacist s son, will always be the party of enterprise, the party of small business. He said hes taken a look at how Government Works since he became Prime Minister, and not liked what hes seen. It isnt anger, its an exhaustion with politics. Weve had 30 years of a political system which incentivises the easy decision, not the right one. As for taxes, they will come down,
Earnings Angela Merkel says another election would be better than a minority government. The fdp tells cnbc that the political deadlock is due to the chancellors unwillingness to compromise. Robert mugabe faces impeachment as zimbabwes political crisis stretches on. The countrys ousted Vice President hails a new era for wh the area good morning one hour into the trading session. We had a strong session overnight. Nikkei up 0. 7 another strong session for hang seng led by tencent. Things in europe are looking soggy this morning a bit more sea of reds than yesterday. That points to the soggy open for the euro stocks index, almost down 0. 2 this is in contrast to the price reaction we saw in stocks indices yesterday, despite the breakdown of German Coalition talks. Ftse a lager down 0. 1 of course all eyes on the budget tomorrow, and what mr. Hammond has to offer there today a couple members do speak at the treasury select committee. Dax, soggy day, almost down 0. 2 reacting to some of th
Wilfred frost. Lets check on Global Markets because we are on this friday seeing gains, at least on the futures side of things you can see futures pointing to a higher open, the s p up by about six points, the dow up by about 78 and the nasdaq up by about 13 points overall. Lets get a check on the fixed income markets on the treasury side specifically with the tenyear u. S. Treasury note, yields are 2. 362 , a little lower than they have been over the last couple of days. So the Interest Rate picture taking a little bit more clarity given the feds Interest Rate hike and some commentary about the future still, though, yields in focus, especially for those financials, courtney. Lets look at whats going on around the world in trading. So take a look at what happened in asia overnight. Mostly lower, as you can see the south korean kospi is the one outlier higher by about 0. 5 the hang seng was the biggest laggard, down 1 a lot of focus on whats going on here in the u. S. When it comes to o
Security council awaits a vote on a cease fire plan. President rallies the conservative faithful saying a school with no guns is a dangerous place. The u. S. Confirms it will open its new embassy in jerusalem in may this year palestinian leaders call it an obstacle to peace. And Nigerian Government officials apologized to parents falsely told that missing daughters had been rescued we have an exclusive report. Top story in sport a second the olympic athlete from russia failed a drug. All the details coming up for you later in the program. We begin the news hour in syria where the governments relentless Bombing Campaign on a rebel held enclave near the Capital Shows no signs of abating rockets have been fired into eastern for a sixth straight day pushing the death toll to four hundred thirty two people in the past week alone the United Nations last minute wrangling is delaying a Security Council vote on imposing a thirty day ceasefire to end the hostilities. Reports from gaza on the tur