Of a thirdrate hike this year, but they say perhaps, they need to slow down. Quote, it was noted that some patience in removing policy accommodation was warranted a few of these participants thought no further increases in federal funds rate were called for in the near term. That upward trajectory of the federal funds rate might appropriately be quite shallow. To sum it up, trish. Fed is worried about persistent low inflation. That they want to go forward with another rate increase in december, there is disagreement in pace of future action on rates and that key quote, might result in the federal funds rate staying uncomfortably close to its effective lower bound. Back to you. We have robert luna, and steve cortes an our very own lori rothman there at nyse for us. Steve, start with you, why is there no inflation . Why is it so low . Well, this has been a persistent problem obviously ever since the Great Recession we came out of. We had low growth, and weve had very little wage growth.
Hello im Barbara Sarah this is the news hour live from london coming up in the next sixty minutes opposition protesters are back on the streets in kenya calling for political reform as confusion mounts over the b. P. President ial poll and who is running in it spains Prime Minister issues catalan leaders with a deadline to confirm whether theyve declared independence or not. The United Nations accuses me and mar Security Forces of a campaign of systemic torture rape and killings and by kind state. And are free to send in doha with oldest daughters form a free for secretarygeneral Jerome Valcke approaches the court of arbitration for sport to have used when youre banned from football the ft hood. Thank you for joining us lets begin the news hour in the kenya where confusion is mounting over the repeat president ial election slated for october twenty sixth now kenyas election board says all eight candidates who complete competed in the august poll which was nullified by the Supreme Court
Get things done. Alisa global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Johnson, in for emily chang. This is bloomberg technology. More problems for over including for uber, including a criminal investigation. Plus, amazon and microsoft taking the lead. We will hear from top executives at each firm. And a japanese billionaire and the founder of softbank, his first break and how he closed the investment of a lifetime with jack ma. First, our lede, the continuing saga of ubers legal troubles. The Company Facing two additional criminal investigations. Eric newcomer uncovered the scope. He joins us now. When i saw the notes this morning, im like, really, havent we done this already . Ive got to think the Legal Department at uber is feeling the same way. Eric it takes a long time for things to wind their way through. We knew about three criminal probes before. We are
Alisters including Angelina Jolie Gwneth Paltrow come as weinstein is accused of rape. Zuckerberg says hes sorry after posting video with avitar, the markets under selling pressure this morning. Take a look. Dow industrials, s p, nasdaq all pulling back from yet another record high yesterday, major averages expected to be down just fractionally at the open. In europe major indices look like this, its a mixed story. The dax index is higher. In asia overnight markets were mixed at the close, japan, nikkei average hitting a 20year high with gain of just about a quarter of a percent on the session. Kospi adding to the gains up another 1 . Big names set to record report earnings, delta airlines, thirdquarter earnings beginning this week. Dont like the car, send it back. Hyundai will rave up consumers. The shocking disappointment for stars and stripes coming up. All thats coming up this morning and joining me to talk about it all fox business Dagen Mcdowell and kevin kelly and aim ji amy hol
Tax cuts getting done. Adam shapiro at white house. They do beg to differ . Reporter they do beg to differ. All quiet on front of battle between senator corker and President Trump. Lets get into where were going and how senator corker is reacting. We have a fresh article on foxbusiness. Com that addresses these issues. First the president will speak in harrisburg, pennsylvania, earlier this evening about tax reform on the middle class. He will address truckers. It is about tax reform. Here are tweets president issued in anticipation of that speech. Stock market increased 5. 2 billion. Lowest unemployment in 16 years. And this is the second tweet, if Congress Gives us massive tax cuts and reform im asking for, those numbers will grow by leaps and bounds. Make America Great again. The president went on in another tweet saying the democrats want massive tax increases and soft crimeproducing borders. The republicans want biggest tax cut in history and the wall. Republicans on the hill, som