Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi
and has forced thousands of people to evacuate. cnn is live on the ground. we also have this for you. louisville police releasing intense body cam video of officers confronting the mass shooter at the bank on monday. the police chief says their actions saved lives. we re going to bring you the video next take a look live. look at president biden, speaking now in northern ireland on a historic visit will take you there lives. but first we ll go to that massive fire in indiana. where about 2000 people are being forced from their homes right now. is this virus continuing to rage? cnn s omar jimenez is live on the ground in richmond, indiana. omar i know you just got there. i see that you re wearing a mask. what is it like? on the grill there. and what are you hearing from? officials? yeah caitlin, this huge plume of smoke as you were driving into richmond, indiana here coming off the highway for miles. you really couldn t miss it. at this point. we do know that has been burning
makes it more expensive to borrow, invest, expand. therefore, this is where it gets really interesting, slash damaging. it has implications for the whole economy. i slash damaging. it has implications for the whole economy. for the whole economy. i think 0 erates for the whole economy. i think operates in for the whole economy. i think operates in general, for the whole economy. i think operates in general, the - for the whole economy. i think operates in general, the clientj for the whole economy. i think. operates in general, the client to advise on our business, they have been very switched on to this higher cost environment of the last 12 months. it does not mean that they are all prepared for what is coming, if there is debt maturity coming up in the next two years, they will have to be refinanced at a much higher cost than they would have borrowed two, three years ago. i don t think that that phenomenon has been completely reflected in corporate earnings, yet. but, on the ot
to actually buy one? it all comes down to money. it all comes down to cost savings because the top reason to buy an electric car. look at this. save money on gas. the top reason not to buy one cost too much. so the fact is, if you can drive down the cost of electric vehicles, i think that people will follow, but its cost cost cost environment is a secondary concern. for those who don t currently have an electric car comes down to money. of course, that will change over time, though, as we get used to, you know, electric cars point about the price of it, because that s what the sticker shock scares people away. thanks thank you. appreciate it this morning, a flagship whole foods in downtown francisco from francisco. san francisco. let me start that again has temporarily closed because of state safety concerns . we have a story ahead. we re live on the ground there next. what do you get from the morgan ststanley client experience. listening. more than talking.
have caused issues. the ceo said he cut the 2008 profit outlook because of a challenging cost environment. he added unternty in the comply chain for his company. so some up, some down. speaking of retaliatory tariffs, the secretary of agriculture has pledged support to farmers. china and others have put tariffs on soy beans, pork and hitting the farmer s bottom lines. the trump administration planning to offer $12 billion in aid to farmers hit by tariffs on their goods. so neil, some of the things we can track easily with the stocks and some of the things that we have to work out separately. there we are. a mixed picture. i got the whole picture. thank you. let s go to former house speaker, best sell-author, newt gingrich. the background has been this expectation that this economic juggernaut continues, the envy