Lloyd blankfein saying that he could be great for that role. That is what you need to know. 1 trillion wiped out of bonds. That has only happened once in the last two decades. Joining us is andrew balls. He oversees more than 46 billion in assets. He joins us from london. Great to have you here. And unbelievable week and the bond market. Is the search for the yields over . Andrew unbelievable in many ways. You have seen a pricing of inflation in the u. S. , fiscal policy to be increased in the u. S. And the possibility of a pastor federal reserve. It all makes sense. You have to say there is a lot of uncertainty in the outlook. It is likely that under President Trump we will see more fiscal expansion in the u. S. There is a host of other uncertainties including trade. We have been expecting a , terming of risk premiums risk premiums, we are seeing that. There is a lot of uncertainty in yellow. Alix i am hearing from you that it is a dip. Is this sustainable at some point . Andrew you a
The economy is slowing ahead of the referendum. The bank of england has a tricky judgment call. It cant go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. The assumption is that the economy will pick up the growth it lost in the Second Quarter if the u. K. Votes to stay in the eu. Lots of headlines here. They are rate increases, are more likely than not. It may cause the pound to drop sharply. It sees inflation dropping. That is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. In the 23year horizon. Investors will depend a lot on what happens in the upcoming referendum. The big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. The economy is slowing and the back. Ata is there is a slowdown in construction and manufacturing. The conference
Its a good thing but its been coming for a long time. New information aims to overturn Missouri State trooper Anthony Piercys innocence in the may 2014 drowning of Brandon Ellingson. Ive filed the charge of Involuntary Manslaughter against Anthony Piercy today for the ellingsons, a death clouded in mystery is beginning to surface. Anthony piercy deserves what hes getting and hell have his day in court but he knows what he did wrong. In may brandon was arrested by the Missouri State patrol for allegedly boating while intoxicated. Witnesses say a handcuffed ellingson was wearing a life jacket that wasnt fitted properly by trooper piercy when he fell out of the boat and drowned. I have charged him with wrecklessly causing death. Four months after brandons death. Trooper piercy claimed he had never been taught how to use life jackets and a its tough to live everyday because i have to walk by his room everyday and see hes not there. During the investigation, allegations of a coverup between
The veto, only the third of Obama Hospira and see. Janet yellen obamas presidency. The fed chair got the attention of investors when she told the Senate Banking committee that an Interest Rate increase is in the works. The modification should be understood as reflecting the committees judgment the conditions have improved to the point where it will soon be at the case that the change in the target range could be warranted. Betty yellen will faced questions from House Financial Services panel. Greece has more work to do if it wants to keep getting aid. The new reforms from Alexis Tsipras clear the way for a fourmonth extension of the bailout. The imf managing director says the plans may not meet the lenders benchmarks. Christine lagarde says greece must do more. Ukraine talks yesterday between Foreign Ministers broke down to fingerpointing. Russia and ukraine lane each other for violating the ceasefire deal. President Obamas National Security advisor has sharp words for Benjamin Netanya