Address in the next few months. One issue onver which i can be decisive today. And i think all members of the governing council will agree with me. We must explain much better to the general public what we are doing and why we are doing it. People thattalk to we do not normally reach. This imperative has to cascade the role elements of our review, our inflation name, our inflation measure, our tools, and their effectiveness, and how we take into account new challenges that people actually care about. The housing costs, but also Climate Change and inequality. Im fully committed to that. Monetary policy can only be credible, mind you, if we ensure that our goals are truly understood and shared by the people we serve. I think you very much for your attention. That was Christine Lagarde, the president of the European Central bank with an important speech of about 4045 minutes. The focus has been on inflation. There are a couple of things we need to look into and we have reaction from laura
Progress on u. S. china trade talk as the worlds biggest economies discuss technologies consumption, investments and exports fall sharply during the height of the pandemic President Trump accepts the Republican Party nomination taking aim at the democrats accusing them of, quote, trying to steal the election. We have to be very, very careful. This time they are going to try to do it in the whole post office scam. You can see them setting it up watch them carefully we have to win this is the most important election in the history of our country. Some breaking news coming out of germany this morning. From the eve o from t from the ifo data. 92 92. 6 versus the forecast of 92. 2 you may recall back in april when we saw many lockdowns the data started to cross then and we are seeing recovery in those numbers. The ifo Current Conditions is 87. 9 in august forecast was lower and what we are also seeing in the ifo Expectations Index is up to 97. 5 in august versus a forecast of 98 so slightly
Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a
Plus the titanic is making news once again an Expedition Team wants to retrieve the telegraph radio used right before the ship sank to the bottom of the ocean well tell you all about that right its time to boost your news i q. Fed chairman Jerome Powell is testifying before Congress Today on the health of the u. S. Economy in a current and post pandemic america hell be cruising in on the good morning news from the retail sales sector posting the best data they have seen in a while so for more analysis and discussion lets go to ben swan hes an investigative journalist and cohost of boom bust and host of news with Rick Sanchez Rick sanchez gentlemen good to see you both ben i want to go to you 1st have we finally turned a corner since the pair. And also whats driving the market. Well weve got some very good numbers as you said in terms of the numbers for may and retail kind of coming back about a 17 percent increase in retail sales that was not expected and it shows that obviously people
Telegraph radio used right before the ship sank to the bottom of the ocean well tell you all about that all right its time to use i. Fed chairman Jerome Powell is testifying before Congress Today on the health of the u. S. Economy in a current and post pandemic america hell be cruising in on the good morning news from the retail sales sector posting the best data they have seen in a while so for more analysis and discussion lets go to ben swan hes an investigative journalist and cohost of boom bust and host of news with Rick Sanchez Rick sanchez gentlemen good to see you both ben i want to go to you 1st have we finally turned a corner since the pandemic hit and also whats driving the market. Where. We got some very good numbers as you said in terms of the numbers for may and retail kind of coming back about a 17 percent increase in retail sales that was not expected and it shows that obviously people are anxious to get out and to spend and get back to normal weve seen some reopening yo