Jay powell in washington d. C. Sustained. We have to take those that macroeconomic effects into account as well. Those are some of my im not sure if i hit them all, but i ultimately, you know, youre coming into this with an economy that appears to have significant momentum,thats what we start with. But we do have this collection of risks that you mentioned. [inaudible] reporter craig torres from bloomberg news. I was a little surprised, chair powell, to hear you say that a soft landing is not a primary objective. This economy seeing added supply in a weight that could create longterm inflation stability. We have people adding skills, workers want to work, we have a boom in manufacturing construction. Weve had a decent spate of home building, and since inflations coming down with strong gdp growth, we may have higher productivity. All are good for the feds longerrun target of low inflation. And if we lose that in a recession, arent we opting for the awful history that we had in 2010 . S
All of that ahead on bloomberg west. But to our lead, redditors are rebelling. More than 180,000 people have signed a petition calling for ceo ellen paos resignation. According to change. Org a vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The petition was posted four weeks ago the number of but the number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Moderators protested by shutting down hundreds of message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but redditors complain they are curtailing their freedom of speech. We have bob book. He led business developing at reddit competitors. Peter signed this petition. Why did you sign it . Why was Victoria Taylor so valuable to read it . Still no explanation as to why she was fired. Peter as to why Victoria Taylor was so viable to read it, it was not what
Saves the world become the regular path of every central bank toolkit . Im mark barton. Out what is happening to European Equity markets one hour into the tuesday session. We are lower by about. 1 . Falling for a second day after rising yesterday. The highest since august. Sterling continue his continues its climb. We temporarily crossed 136 yesterday, the postbrexit median forecast for the fourth quarter. According to the analysts we 1. 29, a bit of a gap. 44 , marginally higher today fell yesterday to the lowest big news is friday when snp global ratings raised the rating to investment grade. The yield on the 10 year yesterday following a whopping 36 basis points. The biggest oneday move since 2000 and 10 2010. Ahead of trumps u. N. Speech, the fed twoday meeting, that kicks off today, gold is inching higher by. 1 , rising after falling to the lowest since august of 2015. Yesterday it rose to a oneyear high on september the seventh. Lets get the first word news. Here is nejra cehic.
The shares plan for new revenue streams. Welcome to bloomberg daybreak europe. I am anna edwards. Breaking news. We are going to kick it off with sony. Sunny cutting their profit outlook two ¥200 billion from ¥270 billion. Y have been plaguing these the movie side of the business. Surpriseto mondays 112 billion yen charge against its film business. That is despite continuing dominance in its video games through its playstation gaming consoles. It has been the possibility that aty could cut the outlook the results of the weakness they flagged at the beginning of the week. How much was that already priced into shares, we will see. The moviest between division and the stellar Games Division has manifested here. We have a bit of banking that is one of the themes that will come through today. This has caused the biggest mortgage game best Mortgage Bank up in sweden. Swedish. On that is above the estimate of 4. 09 billion. That is across the banking sector. Cost efficiency remains the numb
Tom you see a bunch of headlines and it shows disparity in yields. Us dehn is going to join where you have a 14 yield. There is what we observed yesterday. Francine the dissent, i do you had there is relief on a lot of our markets today. When you look again, the reversal, right . After the initial encouraging news. Reversal. Tle well get this to the data check, 108. 2 p a little weaker yen today 108. 2. A little weaker yen today. The confusion i heard about yesterday. We have guests that will maybe explain this. Francine lets get to bloomberg first word news. Taylor, the governor of North Carolina has declared a state of emergency after he second night of violence. Police firingthe tear gas at demonstrators. In tuesdays shootings, a black man refused the demand to drop his gun. Some residents say he was unarmed. There is a report that yahoo is poised to confirm a massive data breach. Several hundred million yahoo User Accounts have been exposed. Word of the breach comes as yahoo is get