And has pulled talks of further rate increases off the table. Translation: i would have to say that factors have arisen that make it necessary to think carefully about raising rates. We won t hike rates when markets are unstable. Let s pick up on that with clayton triick from the investment firm angel oak capital advisers who joins us from atlanta. Ifi if i can pick up on the role that raising interest rates injapan plays in this, can you explain what that has to do with the carry trade and what is the carry trade? it is aood to and what is the carry trade? it is good to be and what is the carry trade? it is good to be on and what is the carry trade? it 3 good to be on again. It is a combination of a few factors, the bank ofjapan surprising with combination of a few factors, the bank of japan surprising with policy in the last week, in combination with an underperforming labour market on friday. We got a pretty surprising jobs report here in the united states, at the same time, e
And stephen fry. Good morning let s start by looking at the papers. The chancellor will set out details of pressures on public spending tomorrow that s the big story for the sunday times. They say the nhs hospital building programme will be halted. Many expect other changes will be coming too. The telegraph say the treasury have drawn up plans to raise capital gains tax. Labour are promising a council house revolution, according to the sunday mirror. And leading for the sunday express former home secretary priti patel has becoming the latest candidate to throw her hat in the ring for the tory leadership. Warning, thank you for being with us. It s the last show before the summer recess. The last time you on this programme, stephen fry, was in september. A lot has happened since then. It september. A lot has happened since then. , september. A lot has happened since then. , ,. ,. , then. It certainly has now with a new government then. It certainly has now with a new government b
Future of a conflict that s taken the lives of more than 40,000 people. President joe biden and israeli prime minister benjamin netanyahu are meeting this hour as the white house and families of hostages look for a cease fire agreement. Is progress possible 292 days into the gaza war? plus, the shape of the race for the president, blunt and brutal, kamala harris and donald trump pulling no punches with two big decisions to come. Any rivals to harris now have three days to declare, and she has just 13 days to pick a running mate. I ll speak with a dnc rules committee member. And the climate action groups are now lining up behind vice president harris. What s making her more appealing than biden to voters? and what could it mean for the fight against climate change. So much to get to, but we begin with that major meeting at this hour between president biden and israeli prime minister netanyahu. Two men confronting a clock, one with six months to go to office, and the other fighting to st
Mandatory for care home staff to to be fully vaccinated. On twitter, it s @annita mcveigh or bbcyourquestions and most workers say they d rather not return to their offices full time according to new research and over a fifth would like to work from home for good. Also coming up this hour. Out of this world four amateur astronauts, including a billionaire will spend the next three days circling the earth in the latest milestone for space tourism. Hello and welcome to bbc news. After a ruthless day of firing and hiring, the prime minister is set to continue the biggest shake up of his government since he entered downing street. Yesterday he fired his education, justice and housing secretaries and demoted others as he reshapes his senior team. Dominic raab is no longer foreign secretary he s justice secretary and deputy prime minister with liz truss becoming only the second woman in history to hold the post of foreign secretary. Gavin williamson, widely criticised for his