Of the council on foreign relations. Her fourth book is a revelation. Who acts next in this backandforth . Jonathan the administration has been dancing around the issue of the trade deal announced back in january. The president has stopped dancing around the issue. It means much less to me. He repeated that about three times in a News Conference yesterday, and i wonder how that message evolves in the coming weeks and months. Tom i thought it would be a lazy friday, and i was wrong. Let me give you two quick ideas. Of thew the donnybrook republicans in washington. That will be china as well. And we have statistics which speak to the summer of 2020. Honeywell is without question one of the best run companies in the world. They organic Revenue Growth was 18 . You dont need to know anything else. Jonathan we will get the earnings a little bit later in the program. Equity futures slightly negative. Gold very much in focus, approaching a record seemingly at one point this morning. Lisa it ha
More downgrades. This time not on the sovereign but u. S. Banks, 10 downgrades overnight. Tom there is a bank story in italy as well. That is the economic thing to look at. Overwhelming everything here this morning led by the news out of china is it is deflation tuesday. Im looking at the screen and i have not seen that screen in 4, 5, six years. Jonathan dreadful. Tom we were out in front of the story, there is deflation in the air. I can bore you with eight ways, all you have to do is say even oil breaks down. Jonathan every time i get data out of china, it is downside surprise. Lisa one interesting area, the divergence between the u. S. And china has been accelerating. What you have seen with respect to the u. S. Dependence on china is it is decreasing even though in europe it is not. I wonder how much those stories are linked. The underperformance of germany and the outperformance of the United States. Tom the banks have to deal with this disinflationary, deflation tendency. You go
Our Family Members will have to wait harrell, im so sorry to have to cut you off. Thank you so much for sharing your story with us. We will be praying for you. We wish you and your family the best and certainly we wish for the safe return of your niece. Thank you so much. That does it for me everybody. Im yasmin vossoughian. Nicole wallace picks up our coverage. Coverage hi there, everyone. Its 4 00 in the east. It is 11 00 in the evening in israel and in gaza. And we start with Breaking News. We just learned that the Border Crossing between gaza and egypt will open tomorrow morning. It will be two a m eastern, 9 am local time, to allow u. S. Citizens to leave gaza. That is according to a palestinian official. More than 4000 people are dead and thousandmo are wounded as the israel hamas or enters its second week. That includes more than 1400 people in israel and more than 2600 people in gaza. Gazas Ministry Of Health says that over half of those deaths are women and children. These rea
The Unemployment Rate is a bit lower, and inflation is essentially unchanged. The strong bills momentum in this significant reduction of economics, gives grounds for greater confidence that inflation will converge towards our inflation aim. I want to see it move up to 2 . Most of my colleagues and i believe it is being held down by transitory factors, but there is work undone there. The apple degree of monetary stimulus, therefore remains necessary for underlying inflation pressures to continue to build up and support headline inflation developments over the mediumterm. Jonathan joining me today from j. P. Morgan Asset Management is bob michele, the global head of fixed income. Lisa coleman, the firms global head of investment great corporate credit. Great to have you with us on the program. It is your turn to grill me. Bob dont you worry about that. Jonathan lets talk about goldilocks growth. We have experienced this for so long. Low inflation and Central Banks staying in the game tha
This is bbc news the headlines. A dramatic rescue in china as 11 gold miners whod been trapped underground for two weeks are brought out alive. A warning from englands deputy chief medical officer that you could still pass on the virus even if youre fully vaccinated. Anger in europe over vaccine delays italy accuses pfizer and astrazeneca of serious contract violations. New zealand confirms its first coronavirus case in months, which appears to have slipped through the countrys rigorous quarantine system. And borisjohnson becomes the first european leader to speak to the new us president , joe biden, since he entered the white house. Sport now, and for a full round up from the bbc sport centre, heres jane dougall. Starting with the cricket . Thats correct, yes. An impressive innings for england captainjoe root whos on 137 at tea. England fans heaving a sigh of relief after losing two wickets in quick succession early on day three of the second test against sri lanka in galle. Root lost