Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that their Bond Buying Program could increase by 170 billion pounds as well. To sort of put a number on the Corporate Bond buying program, it is 10 billion pounds over the next 10 months. Byathan guilt 10 year down the cable rate dropping off as well. Upside risk to inflation, Downside Risk to growth, that is what you see in the forecast. The 27 thet 2017 forecast, downgrading the most ever on a single inflationary report. Side, they seen inlation at 1. 9 on at q3 2017 versus 1. 5 , and sees inflation
This is being viewed as the opening bid. I wonder how much leverage either side actually has. David thats the question. What leverage do they have . They have no real power. Theycryan has said again do not want to go to the markets and raise more capital. Alix and they dont want to sell the Asset Managements business either. What are they going to do . We will preview the feds big policy meeting and the boj. Rick rieder, coming up later in the program. A look atre taking markets. U. S. Futures near the low of the session. Another leg lower. Jonathan down about 0. 5 . The story in europe, the ftse down around 1 3 of 1 . The dax getting hammered, 1. 29 . The worst performing index on the stoxx 600, the bo the worst performing industry on the stoxx 600, the banks. Now, itx market right is a broadly stronger dollar. You see it on the table. You see it on the bloomberg dollar index, marginally stronger by 1 10 of 1 . Risk off. Brent crude down by one percentage point. Wti in the bond market
The pound by jude 1 40 1 the pound of buys you 1. 41. Pimm Officials Say there was a second suspect involved in the attack on the brussels subway. The suspect accompanied the suicide bomber to the mall back to the maalbeek subway station. He may still be alive. North korea claims that has made progress developing ballistic melissa those. Kim jonguns regime has said they completed a solid fuel rocket engine. A new Bloomberg Politics poll shows republicans are not rallying behind france to stop not rallying behind to stop donald trump. Global news, 24 hours a day, powered by our journalists and news bureaus around the world. John jon reforms to fix the global economy. Chinese equities, down the most in two weeks. Shawna china, we have heard a lot from the premier and pboc governor. What is the message from authorities in china . We have heard a lot from the top folks in the government here. The message is clear and consistent that they can get that 6. 5 stay above goal they have set for
Now. The question of the day should be harrods . Is in considering any major changes in syria. Has become an Major Military player in the conflict. H sees the move as a sign of desperation. Running your economy into the ground and having to send troops and in order to prop up, the only ally is leadership then we have a different definition of leadership. Julie meanwhile, putin discussed the attacks with saudi Arabia Defense minister, the officials signaled that they would be willing to let assad stay in power. A report today from iran says a Washington Post converter reporter has been convicted. A judiciary condition offered no details. The u. S. Has criticized iran for trying him in secret. In turkey, no one has claimed attacks. Ility for the the attacks happened at a rally. Alling for Peaceful Solutions glencore has been hammered by the summit Commodity Prices, shares are down 55 this year. Those are your top headlines. Back to you in london. Tom lets do a data check. There is nothin
Understand such legislation. It should identify the methods, speed, delivery an content of notification. It may be unattainable for small organizations, nonprofits and educational institutions. Based upon the size of an organization would make compliance possible for all. It should also encourage organizations that collect data to be trance fernt about the use of such data. Consumers appear to be happy to give away their data and privacy to enter social media sites for the sake of convenience. Given the highly publicized breaches it is apparent that more work is needed, no matter what the size the company, certain expectations of security should be defined when data is collected and stored. Importantly it took a couple of insenity tots establish better education and breaches. It is important for us to have sishe expertise within the u. S. In conclusion i appreciate if opportunity for this dialogue. I stand by to assist you in any way i can. Cyber security and Cyber Security education i