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Insists there will be no return to austerity. Welcome back. The Chancellor Rachel reeves was striking a very different Tone Today on that Painful Budget coming up in october. In her address to the Labour Party Conference, she was focusing on the long Term Prize she promises will follow if labour can restore some stability. The much promised change in emphasis follows a Report Week that suggested a Consumer Sentiment had dropped last week that suggested a Consumer Sentiment had dropped Like A Stone through august a number of Business Leaders blaming the governments messaging for that. Today, though, the chancellor said any tax rises she introduces will not affect hard pressed working families. Therell be no return to austerity and she has pledged to continue spending on infrastructure. There will be no return to austerity. Conservative austerity was a destructive cho ....
National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also help ....
History probably considered the top three greatest american president s along with washington and lincoln. It is an assessment based on the fact he steered the nation through the two greatest crises. One internally, the Great Depression and one externally, world war ii. There has been a long and ongoing debate among historians as to whether history is influenced more by individuals or larger social, cultural and economic forces. I think it is of course both of those. Certainly it seems to me that Franklin D Roosevelt is a prime example of the significant of an individuals impact on history. Broader social and Economic Conditions that allowed fdr to become a great leader, but in his case i believe it was force of personality that was a paramount element as i think we will see as we go along. Rooseveltse presi ....
Remember on the week u. S. Markets are lower. On the week european markets are higher. Eurodoller trading 118. 30. Taking a tougher line on the link between the Exchange Rate and inflation. The pound continues to fall trading 11787 as we continue to see the stalemate between e. U. And the u. K. On the u. K. s new legislation, the internal markets bill, which will undermind the treaty signed between the Boris Johnson government antie. U. Not that long ago. Alix thanks so much, guy. We are very welcome special guest, we are happy to have him here. Stanley fischer, the former vice chairman of the Federal Reserve. He has just been awarded the first miriam pose yem prize by the m. I. T. College center for finance and policy for his Outstanding Research and leadershi ....