nejra: certainly john williams didn't seem concerned about inflation taking off.hat's exactly right. one of the main reasons he cited for that was a low wage gross. -- low wage growth. he's kind of looking at them and saying if we don't really have much going on on the wage growth front and it's not obvious why we should be concerned about inflation spike like a big jump in inflation. couple that with inflation expectations have been very low and stable. inflation just isn't a sensitive to the economy as it used to be. he cited the fact that it didn't are down as much during the great recession when we had a big economic downturn as a reason to believe that it probably won't go up as much even in a booming economy now. vonnie: can't wait to read more. from san francisco but obviously the incoming new york fed president. this is bloomberg. ♪ vonnie: from new york, i'm vonnie quinn. nejra: i'm nejra cehic. the european close is just minutes away. take a look at where markets are trading. the stoxx 600 has been trade and water for quite a few days on a headline level

. >> give us a john williams bench mark, what number of payroll growth is a strong report? >> if -- let me back that up a little bit and think about what's a sustainable growth in terms of labor force growth. economists would put that around 80 to 120,000 jobs a month is the right number to, on average, to match the number of people entering the labor force. we've been seeing, you know, over -- >> more than that. >> closer to 200,000 offer the last several months. we're still well above that and that's one of the reasons the unemployment rate continues to trend downward. >> we do our cnbc fed survey before every meeting and we ask people what's the terminal rate for the fed reserve. it was as low as 2.6% and when i say terminal rate, i'm talking about where the fed will stop this cycle, essentially. you would see it as the long run potential rate or rate for the funds rate. it's now at 3.25. can you give us an idea of how that's changing and what the number is in your mind >> i do want to separate out

mark williams leads john higgins 10—7. williams rattled off the final three frames last night.hoever wins will be the oldest champion for over a0 yea rs, be the oldest champion for over a0 years, it is the first to 18. these are live pictures from the crucible theatre. such an intimate venue. venue. capacity is less than 1000. williams could win it this afternoon, very unlikely. they resume at 2pm. we saw over the weekend how the football world has been united, thousands of messages sent to sir alex ferguson who remains in intensive care. ryan giggs has described his old boss as a fighter and says that's what makes me think he will make a recovery. the 76—year—old underwent surgery on saturday. there has been no update

next speaker please. >> sandra davis, john, william, patrick, eva gomez, jackson. tiffany jackson, jacqueline jones. >> i am spencer with boys and girls club. i would like to read a letter. deer chair. i write to urge the committee to support increased fund egfor the services in the 2018-19 budget. one of our cities largest and most influential youth organizations. the city's funding is far too low based on need and high cost of doing business in our city. as you know, the department of children youth and families recently competed competitive process for funding for services over the next five years. it is flawed in three main ways. one, not enough money allocated to out of school time funding. this is for both poor and working class families. two, the funding in several categories with no relationship with families especially public housing. three, too little money to teenagers. the dollars targeted at teens are exclusively for youth's work force development. we believe in the development and provide a lot of services. there is more that teens need than just yout

. >> john williams, incoming fed.ne of the things i found interesting he said was forward guidance. i guess we should end the market hand holding. do you agree with that. >> monetarily policy remains accommodative. and i think we use that same language when we're at zero. and now we're way off zero. we're still using the same language. it's become data. we have to modify that in some sense. i would like to say, you know, we're at neutral. but whether i can convince my colleagues to say that. but i don't know. i do think we -- we should reform that and think about the dot plot as well. betty: that was jim bullard speaking to kathleen hague. let's talk more about what he just mentioned. interest rates. i want to get perspectives from olly ver. what did you make of his comments? >> number one, he's much smarter nan me. so i'm not going to dice agree with him. >> forward guidance has helped calm markets. it has helped eliminate volatility. we went through very low volumityity to markets. irany you need to make a distincti

next speaker please. >> sandra davis, john, william, patrick, eva gomez, jackson. tiffany jackson,

san francisco john williams says he is very positive about the economic outlook in the u.s.d. he still sees three to four hikes this year as appropriate. >> the distribution has either three to four rate increases as appropriate for this year as a whole and a few more increases over the next few years. i personally view this to be the right direction. jessica: china's holdings of treasury's went to a five-month high, increasing to $11 billion to $1.2 trillion. despite trade tensions. china remains the largest foreign predator to the u.s. -- creditor to the u.s. it is followed by japan whose holdings dropped to $1.04 trillion, the lowest since october 2011. is set to be confirmed as cia director after the top democrat on the senate intelligence committee declared his support. mark warner says haspel can and will stand up to president trump if order to do something illegal or immoral such as returning to torture. the cia veteran supervised waterboarding of the 9/11 attack but now says the program was a mistake. cook says he spoke out against tariffs on chinese imports. he told

and 31-year-old john williams. they're accused of stealing power tools from a home depot store in san ramon. >>> jeff sessions is headed to san diego this afternoon. part of a two-state swing to talk about immigration and enforceable. kpix 5 is in the news room with more. >>> he's traveling with the director of immigration and customs enforcement. and this morning, the attorney general spoke in arizona. >> the border is not open. the border is not open. don't come unlawfully. >> speaking at a conference of law enforcement officials the u.s. attorney general reiterated his disdain for sanctuary jurisdiction whose policies prohibit local law enforcement from helping or sharing information with federal immigration officials. california became a sanctuary state this year. and today sessions vowed to continue the trump administration's legal fight against it. >> we're not going to put up with it. we're going to fight it as hard as we can. and we're going to call on the people of these jurisdictions to ask their leaders

. >> john williams and his co-author have convincing evidence that it is a lot lower than it used to be. i think the simplest way to think about it is as the trend measure of the short-term real interest rate. the fed does influence that rate but it doesn't influence the trend. the question is where is the trend rate. i would say it is probably still negative today. if you take that as a starting 2% inflation, you're going to get something less than 2% as the neutral federal funds rate and we are already right there. that's the idea. we are pretty close to neutral today. if we start going up from here we are going to get into restrictive territory which is going to put downward pressure on inflation. whenally want to do that inflation expectations are already hovering below target for the next five years. >> some of your colleagues have higher rates. >> there are a lot of estimates around it. there is certainly room for argument on this. it's probably pretty low. it's also a global yield. andal rates are really low our ribald rates still have negative policy rates. the idea that the

john williams at the conference has written about that.ebate about that, that is the largest issue in the taylor rule. >> have you played around with different versions? >> of course. as have the atlanta fed and other central banks. there is uncertainty about this as the fed has reduced estimates from four to three. there is a lot of uncertainty and i would not be surprised if they revise the rest before too long. ,> given that, i am getting at if you look at the taylor rule or look at discretionary policy, how much of a risk do we run if we do not know these things in a policy mistake? >> it is important to have a good estimate, whether using rules or not rules. toes are strategies, easy think about the impact of these things on the decisions, otherwise what difference does it make? the advantage of what the fed has done recently, i think moving in a more talking about policy rules, you can see the implications, if they raise, if the current fomc members raised, you can see the impact on the current rate. >> do you think the forecasts as

and john williams on suspicion of grand theft and ( darya ) the man accused of killing a 14-year-oldt 30 years ago in monterey county is now back in the u-s. arsenio leyva was extradited from mexico to california. the body of christina pina was found in a castroville artichoke field in 1990. her father says d-n-a evidence helped link arsenio leyva to her murder. the monterey county sheriff says mexican authorities caught up with leyva back in 2014. leyva finally lost his years long fight against extradition. leyva is now facing a number of charges... including kidnapping and murder. ( james ) a bill to limit how much opioids doctors can prescribe to children has cleared a major hurdle in the state legislature. in a unanimous vote... the assembly passed a bill that prevents doctors from prescribing more than five days' worth of opioids to children. the bill makes some exemptions for emergencies and hospice care. but the state medical association argues the bill does not give doctors enough discretion. ( james ) in the east bay... oakland mayor libby schaaf took a tour of 27th and nort

mark williams will face john higgins in the final of snooker‘s world championship. iams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman, who will be going for a third world title. he faces four—time champion john higgins after he beat kyren wilson. all the action across the bbc from two o'clock this afernoon. it takes me back. when i was younger, snoopy was the thing to watch. it's come back a bit. it had a dull patch. it is coming back. i love seeing namesake john a dull patch. it is coming back. i love seeing namesakejohn higgins. —— snooker. it is one of those

mark williams will face john higgins in the final of snooker‘s world championship. lliams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman who will be going for a third world title. he faces four—time champion john higgins after he beat kyren wilson. all the action across the bbc from 2 o'clock this afternoon. looking forward to that. to a onwards. hopefully not another late night. there is a choice this afternoon, do you sit inside and watch the super or go outside and enjoy the weather? just bring your phone. it is now app as well. can you wedge and watching tv on your phone? when it is bright you cannot see it. get a little umbrella. is it

is under way in sheffield between two former champions, mark williams and john higgins. these are our live pictures. it's been an intriguing contest. two—time champion williams made a brilliant start, going 5—1 up before higgins took the last two frames of the afternoon session. 0ne each so far in the evening means williams now leads 6—4. but higgins is well on his way to making that 6—5, the first to 18 as the winner, you can watch that on bbc two or the bbc sport website and app. cycling now, and team sky rider chris froome remians 38 seconds off the lead giro d'italia after today's third. elia viviani won a second straight stage, while australia's rohan dennis retains the overall lead. meanwhile, the final stage at the tour de yorkshire was won by frenchman stephane rossetto.

mark williams will face john higgins in the final of snooker‘s world championship. lliams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman, who will be going for a third world title. he faces four—time championjohn higgins after he beat kyren wilson. all the action across the bbc from two o'clock this afernoon. you don't have to miss it if you're going outside, bring your mobile phone, it is one the app as well. we were debating the best way to watch, drag your telly to the window, the radio. the warm and sunny weather looks set to continue for the rest of the bank holiday weekend. this is outside our studio in

john williams is thinking of the paurn parents in texas. >> i feel for the parents. i know it because i went through it. i'm still mourning. my baby's gone. >> reporter: jean elle, nbc bay area news. >> the numbers keep adding up. there have been more than 300 school shootings in the united states since 2013. this is the map put together by every town.org. the red dots indicate where someone was injured or killed. the gray dots you can see mixed in also where no one was hurt. now, to take a closer look at this map, just log onto our website, nbcbayarea.com. >>> released from jail late tonight. the driver accused of triggering a deadly crash on 880 in fremont while stoned allegedly is out of jail and not facing any charges, at least not for now. it is a stunning twist to a crash that left two children and a woman dead. nbc bay area's cheryl hurd joins us from the alameda county jail in dublin with why that driver is a free man tonight. cheryl, what happened? >> reporter: well, jessica, that's because the d.a. is following california law. dang tran sat in jail here for

i'm with john williams.ou're going to go across the country and be the president of the new york fed. the question people have is are you crazy? why would you trade this for that i'm a new yorker so i can say that. >> i love it here. obviously it's beautiful, wonderful institution and i am going to miss the west coast. but i'm really excited about coming to new york and obviously it's a really important role and i'm excited about joining the new york fed. >> let's talk about some of the contemporary econissues. the jobs missing expectations, 164, but the you don't know employment rate falling, wages are weak, what's happening in the jobs market right now? >> i don't get too caught up in every month report. i do see it as pretty consistent. if you look at the jobs growth been very solid over the last three or four months. wage growth is still i think on an upward trend. it's not picking up fast. overall, it's a positive report in the sense that the u.s. economy is still on a good growth trajectory, labor mark

mark williams will face john higgins in the final of snooker‘s world championship. lliams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman, who will be going for a third world title. he faces four—time champion higgins after he beat kyren wilson. whoever wins will be the oldest winner since ray reardon in 1978. 12 months ago i was really thinking about retiring, even two or three years ago, i wouldn't get into the quarters or semifinals of anything. what a season. ijust can't believe it. and if i win it willjust top the best season i've had for years and years, but if i don't win, it is still one of the best seasons i've had for years. and i've just got to go out there and enjoy it, and hopefully if it does go close, towards the end i don't collapse like a cheap tent again.

between two former champions, mark williams and john higgins. on at the crucible. he took the first four frames of the match but higgins pulled one back with the first century break of the contest. williams did restore his four—frame advantage. before higgins salvaged the last two frames of the session. and you can watch that evening session, which starts at seven o'clock on bbc two. also on the bbc sport website and app. let's round up some of the day's other sports stories now and four time motogp world champion marc marquez made it back to back victories at his home race injerez. there was disappointment for britain's cal crutchlow — who crashed out, having started pole... he drops to eighth in the standings... marquez‘s day was made even better, when his main title rivals; andrea dovizioso, jorge lorenzo and dani pedrosa all—white kigen out with eight days to go. —— all wiped each other out. having claimed victory in a dramatic sprint finish yesterday, italian rider elia viviani once again left it late to win the third stage of the giro d'ita

meanwhile, san francisco john williams is positive about the economic outlook both in the u.s. and abroad. he sees three to four hikes this year is appropriate. >> i see the distribution as three to four rate increases as appropriate for this year as a whole, and a few more increases over the next few years. i view this to be the right direction for monetary policy. >> tencent slumped below 400 hong kong dollars. it is shedding more cash ahead of yearly earnings. the decline was the biggest drag on the hang seng index. the stock lost 95 billion u.s. dollars after a record high in january. tencent will probably reported slowest profitability since 2003. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. ramy: jessica, thank you. we have breaking news on the bloomberg. brainard speaking after this conference in san francisco on cryptocurrencies. she says the fed will monitor cryptocurrencies as they evolve. she says the said does not see additional val

coming up in the next hour -- federal reserve in focus as we hear from incoming new york fed chief john williamsrate predictions, i cannot wait. we are live in rome, italy where populist leaders will meet in a final push for a coalition agreement today. highlights ofar our interview with the ceo of raytheon. this is bloomberg. ♪ caroline: welcome back to bloomberg markets. we have been shining a light on some of the key companies and one of them is raytheon. you may know it as a defense company but it also has a key tech part of the business. it's big in cyber and i had a chance to sit down with tom kennedy, the chief executive, in a rare tv interview, take a listen. >> let me go back to the foundation of how we got involved in cybersecurity. it was about 20 years ago and we noticed an uptick in attacks against our systems. we did not find anything out that was in the open marketplace for us to use to protect ourselves. we had to figure out how to secure ourselves. we went off on a program to develop cybersecurity for our company first and then develop that cybersecurity to support our customers

bill dudley, outgoing president from new york, speaking, then hours after him, john williams, presidentancisco who is the incoming to replace bill dudley. they both said the same kind of thing. the target for inflation is soft, above 2% or below. let's listen to bill dudley from friday. >> i would not declare victory yet. inflation goes up and down month to month, but we have made progress, and i am happy where we are today. kathleen: i sat down for a special edition of "bloomberg best, a live interview with dallas fed president rob kaplan at was at the conference stanford university. he had some interesting things to say. he thinks wages are rising for lower paid workers. that will start showing up in the data. he also said this is pricing power that is the weakest yet seen in his professional career. that is saying something. he is still in the camp of baseline, three hikes total, two more this year. i said one of inflation doesn't pick up? he opened the door to that but not in a hurry to go from three to four. if you look on bloomberg, the chances of three are stronger than the chanc

and 31-year-old john williams on suspicion of grand theft and conspiracy.nt ) the salinas family of a murdered teenager has waited almost thirty years to bring her killer to justice. today...the man charged with killing 14 year old christina pina was extradited from mexico to california. her body was found in a castroville artichoke field in 1990. her father says dna evidence helped link arsenio leyva with her murder, but it was more than a decade after a federal judge signed a warrant, before leyva was actually charged with the murder. (pam) an off=duty police officer in southern california... is under fire for pulling his gun on a customer, he thought was stealing candy. the incident was caught on surveillance camera ... take a look.

there is also a wonderful epistolary biography of him by john williams, written some 30 years ago, which is all done as letters. they are fake letters williams has invented. but they are from the real people who would have known the young octavian and the rising augustus. he is described in their words. he never appears until the end of the book. brian: i have got to ask you a last question. i read that you have been reading a biography of bob dylan. is it worth reading? john: sure it is. brian: are you a follower of bob dylan? john: no, i was just curious. brian: our guest has been john lewis gaddis. his new book is "on grand strategy." thank you. ♪ announcer: for free transcripts or to give us your comments about this program, visit us at q&a.org. programs are also available as c-span podcasts. announcer: on the next q and a, biographer patricia o'toole on her book, the moralist: woodrow wilson. c-span.next week on >> join us live next sunday at noon eastern for our year-long special, in-depth fiction addition. jentemporary novelist gish will be our guest. >> you're are talking about c

. >> reporter: 31 years old -- 31- year-old john williams was behind the wheel of the getaway car.plices were mr. gaines and daniel hooper. because of the significant value of the power tools, worth about $4600, all three men are facing charges of grand theft and conspiracy. san ramon police are looking to see whether these men might be connected to other similar thefts around the bay area. in san ramon, alex savidge, ktvu, fox 2 news. >>> the bankrupt gun maker remington is being supported by bank of america. bank of america is contributing $43 million to a lending package. the goal of the loan is to help remington emerge from bankruptcy. >>> elon musk is making a dramatic move today locking out contract workers unless a tesla employee can vouch for their work. it is not clear how many outside contractors would be affected by this move. in the first quarter earnings call he said the number of third-party contracting companies that tesla was using had gotten out of control. he decided he was going to scrub the barnacles. tesla has been struggling to increase production. their stock

much for joining us >>> our colleague, steve liesman will speak to san francisco fed president john williamsiday that is williams' first interview since being named the president of the new york fed. >> just some news coming across the wires from italy and from rome, from the palace where the italian president, sergio mattarella resides he says he does not want to see early elections in italy two days ago we heard from mr. dimaio saying he would like early elections. the challenge there was getting them done before june 24th, that's the last possible date before the italian congress goes into recess. he is saying he would like a new government in place at that point to pass that 2019 budget whether he will get a deal seemingly looking distance at the moment remains to be seen. >>> and paddy power shares are under pressure after first quarter earnings fell 6% as new betting taxes, levees and start up losses in the u.s. weighed on results. but the company is more optimistic on the full-year and has forecasted something between a slight decline and a 5% increase the bookmaker announced it would

and john williams on suspicion of grand theft and conspiracy. ( darya ) the man accused of killing a back in the u-s. arsenio leyva was extradited from mexico to california. the body of christina pina was found in a castroville artichoke field in 1990. her father says d-n-a evidence helped link arsenio leyva to her murder. the monterey county sheriff says mexican authorities caught up with leyva back in 2014. leyva finally lost his years long fight against extradition. leyva is now facing a number of charges... including kidnapping and murder. ( darya ) california lawmakers are ready to make a major healthcare push. democratic assemblymembers have announced a one-billion dollar funding package for the state's health care system. it includes expanding medi- cal in order to cover some undocumented immigrants. they're also trying to provide a refundable tax credit for families. a family of four making between 100 to 150-thousand would be eligible.

we have an exclusive interview with john williams his first interview since named the head of the newrve bank, and robert kaplan, always interesting on issues of trade and the economy. he's coming up at 2:30 back to you in new york. >> all right, thank you, steve liesman. when we come back, you know about doing the wave at a stadium. but josh lipton is taking that to a new level, right, josh? >> jon, he's considered one of the greatest surfers of all time, kelly slater, the 11-time world champion, and now he's developed what you're seeing behind me here, a wave system that creates these perfect, consistent manmade waves he thinks it could help turn surfing into a stadium sport th'somg nt at cinupexon "squawk alley. >>> welcome back to "squawk alley. coming up on monday, microsoft's build developer conference kicked off, and we're going to have microsoft's ceo satya nadella, his insights on what's next for the company, cloud, there is a lot to cover there. and as we head toward noon, look at the major averages. holding on to most of their gains. the dow up almost 1% same for the s&p an

there is also a wonderful epistolary biography of him by john williams, written some 30 years ago, whichall done as letters. they are fake letters williams has invented. but they are from the real people who would have known the young octavian and the rising augustus. he is described in their words. he never appears until the end of the book. students are very fascinated with that mode of biography. brian: i have got to ask you a last question. i read that you have been reading a biography of bob dylan. is it worth reading? john: sure it is. dylan."thomas, "bob brian: are you a follower of bob dylan? john: no, i was just curious. brian: our guest has been john lewis gaddis. his new book is "on grand strategy." thank you. ♪ announcer: for free transcripts, see q&a as a podcast visit us at q&a.com. ♪ on the next q&a, a biographer on her book about woodrow wilson. that is next sunday at 8:00 p.m. eastern here on c-span. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] which is responsible for its caption

our colleague steve liesman will speak to san francisco fed president john williams on friday, that willirst interview since being named the next president of the new york fed he'll also be speaking with the dallas fed president, robert kaplan that's it for toy's dashow "worldwide exchange" is coming up next. are you taking the tissue test? yep, and my teeth are yellow. time for whitestrips. crest glamorous white whitestrips are the only ada-accepted whitening strips proven to be safe and effective. and they whiten 25x better than a leading whitening toothpaste. crest. healthy, beautiful smiles for life. >>> i'm courtney regan it's 5:00 a.m. here is your five at 5:00. >>> the u.s. trade delegation is in beijing at this hour talking tariffs. >>> tesla shares take a nosedive as elon musk hosts a bizarre earnings call. >>> and spotify drops after reporting a quarterly loss chinese smartphonemaker xiaomi pls to go public. >>> and goldman sachs bething on bitcoin by opening a crypto trading desk it's may 3, 2018 "worldwide exchange" begins right

we were hearing from john williams. he is a centrist backing the gradual policy tightening. officials view 2.9% is neutral and that is what we need to be looking into all of our conversations on fed and yield. tom: carmen reinhart is associated with bear stearns and the international monetary fund, to write about what is going on out there. she is acclaimed for her work with kim bro golf. she drop -- ken rogoff. it is must read. i will distribute it heavily on social. professor reinhardt, if the u.s. policy becomes tighter and there is no comparable followthrough by other advanced economies, the dollar strengthens. there you have a double whammy. or the two thirds of emerging-market debt is dollar-denominated, now even more because of borrowing from china. this is not gloom and doom, but there are a lot of -- and this is critical -- internal and external vulnerabilities. joining us now is enda curran. , almost incredible soup. i don't know what the minestrone soup of china is, but that is where we are now. how concerned

he gets a chapter in my new book , but there's also a wonderful epistolary biography of him by john williamse american author, written some 30 years ago, which is all done as letters, fake letters that williams has invented, but they are from the real people who would have known young octavian and the rising augustus, and he is described in their words. he never appears himself until the end of the book. students are very fascinated with that mode of biography. brian: i've got to ask you a last question. i read that you have been reading a biography of bob dylan. mr. gaddis: i have. ryan: is it worth reading? mr. gaddis: it is. brian: are you a follower of bob dylan? >> no, i was just curious. brian: our guest has been john lewis gaddis. thank you. >> for transcripts or to give us your comments about this program, visit us at q&a.org. q&a programs are also available as c-span podcasts. >> on the next "q&a," biographer patricia o'toole on her book "the moralist: woodrow wilson and the world he made," next sunday at 8:00 p.m. eastern on c-span. afternoon, athis forum on the future of race rela

four years old and so very very early on he was inspired by western films and then later on by john williams star wars score and decided that he wanted to write instrumental music and so he went to move to the u.s. and he studied in boston went to the berklee college of music and it was a chance connection the chance of a lifetime obviously that got him upon graduation got him a job working for. germany's very very beloved obviously oscar winning film composer so he learned from the best and he has just never looked back can seem to sting of the kind of music that he has i mean one doesn't assume see it that with fantasy films really it's true you know despite the very medieval realist scene that you could see the setting of game of thrones it's much more modern and that was certainly a deliberate move in fact when he first met with the game of thrones producers he was told no flutes you know just stay away from the sort of really stereotypical kind of celtic. folklore it kind of thing so it's music it's also very multifaceted . with very different themes for the different characters and so

was about four years old and very early on he was inspired by western films and then later on by john williamstar wars score and he decided ok he thinks that this is what he wants to be doing it's composing instrumental music so he moved to the u.s. any went to boston and studied at berklee college of music and it was on a chance connection after graduation from there the chance of a lifetime that he was basically funneled into a job at simmons company. play oscar winning lotto are lucky all the others were alive so he learned from the best and he has literally never looked back he's never a little rock and it's interesting that this music is not typical what we usually hear in these type of films exactly like it's interesting because obviously the set as we saw is very much the medieval realism going on but they made a very conscious choice not to go that route in fact when he had his first meeting with the producers of game of thrones they said literally no food you know we want to stay away from this kind of stereotypical typical celtic kind of thing. so it's very multifaceted music and as

we have two market moving interviews john williams is set to take over as the head of the new york fedplus, dallas fed president robert kaplan. >> and saddle up the ceo of chirurchill downs wil join us. his stock is up 63% in the past year what is driving that growth across the finish line that and more ahead on "power lunch," and "halftime report" returns right after this every fire department every police department is part of a bigger picture. that bigger picture is statewide mutual aid. california years ago realized the need to work together. teamwork is important to protect the community, but we have to do it the right way. we have a working knowledge and we can reduce the impacts of a small disaster, but we need the help of experts. pg&e is an integral part of our emergency response team. they are the industry expert with utilities. whether it is a gas leak or a wire down, just having someone there that deals with this every day is pretty comforting. we each bring something to the table that is unique and that is a specialty. with all of us working together we can keep all these

between two former champions, mark williams and john higgins. ds of the afternoon session, the first of the evening though has gone the way of williams. he now leads 6—3. that match will conclude tomorrow, the first woods 18 the winner, but you can watch the rest of the evening's action on bbc two, the bbc sport website and app as well. some the day's other sports stories now. time motogp world champion marc marquez made it back to back victories at his home race injerez. there was disappointment for britain's cal crutchlow — who crashed out, having started pole... he drops to eighth in the standings... marquez‘s day was made even better, when his main title rivals; andrea dovizioso, jorge lorenzo and dani pedrosa crashed in the same incident with eight laps left. he was overjoyed with victory, coming home ahead of france'sjohann zarco who he now leads in the championship standings... having claimed victory in a dramatic sprint finish yesterday, italian rider elia viviani once again left it late to win the third stage of the giro d'italia. team s

an aside was awful oh it i want to lock nick with mark williams solve it with john mark and him to heck much of it live here with. god of all that a visitor got to. follow her husband's kept on was that i thought the dumbest shit i saw you had just walked into town last fall see a. problem months old target the old one hundred going to have been careless the past behavior might not even part it says it will but. you no luck that's me on one of the forms that are only about my sure that in my heart one hundred out of but i mean ok it was sort of good that into an order. to. get out of his family and then work that i'm here for three months all that and slashed my foolishness in the district office was not stating any of this in

kathleen: john williams, incoming president of the new york fed spoke to bloomberg today.esting was that forward guidance, maybe it's time to put down to bed, to end the market handling. do you agree that? >> one thing in the statement is that monetary policy remains accommodated. we use that same line when we were at zero. now we are way off zero and we're still using the same language. it has become dated. i would like to say we are at neutral. whether i can convince my colleagues to say that, i don't know. i think we should reform that and then think about the dot plots as well. betty: again, that was jim bullard speaking exclusively to jim -- it's lucidly -- exclusively to kathleen hays. david: coming up next, the take on high-level talks ongoing in washington, whether or not we should be hopeful. that's next. this is bloomberg. ♪ betty: this is daybreak asia in new york. david ingles: and i'm david a list in hong kong. he is in washington. joining us understand what we can expect from pham realistically -- from him realistically, we have our guest. generally, what exp

do about the inflation target and a do they keep it at 2% or go to a price level targeting, as john williams, who will be taking on the role of the new york fed, is going to be very critical ally to jay powell, has been advocating. how do they change their messaging, that is where powell was tried to make a mark. we are moving from a sort of the nine raising rates environment to one that may bite by the end of the year, or as we move into 2019. that is a different transition. it will also make something that the fed have to worry about is they will not be the target. areve said it before, they trying to water down the punch bowl, as congress and the administration are spiking it with fiscal policy. that combative stance, we have not had complementary fiscal policy for some time, but this is one that has put the chairman in the crosshairs. tom: i want to point out, the green out all -- grain alcohol school, that is out of the midwest. [laughter] diane: it was at michigan. [laughter] tom: the michigan school. scott, help me with mergers and acquisitions. what is the sweat that ceos and cfos ha

that view was reiterated by john williams. >> the distribution has three-for rate increases as appropriate this year as a whole, and a few more over the next few years. i view this to be the right direction for monetary policy. rishaad: let's go to singapore and join aberdeen standard investment, managing $780 billion globally. let's start things off with that idea. how closely are you watching the fed? we are watching it as closely as everyone else. i'm afraid we don't have any particularly view different from the one expressed, i.e. that we do expect rates to track higher, which is a good thing. after aization of rates prolonged, abnormal period of rates. areommon with consensus, we looking at three or so hikes this year, then further hikes ones, so igentle think that is the key thing we are looking at. be fearful when people are greedy, and greedy when people are fearful. people have been fearful of emerging markets, but you have been buying emerging-market assets. does it presage more weakness for the markets and is it a buying opportunity for you moving ahead? >> i think it does. as d

he heard from many civil rights leaders, jose williams, john lewis, others involved with the movementrom the opposition, jim clark, governor wallace, and others who were not fond of the march and said it would disrupt public safety. they said this march would be necessary for african-americans to obtain the right to vote and that there had been such an injustice done to these folks in the city of selma that a march of the scale was appropriate. that ruling was issued on march 17. these folks only had four days to get everything together in order to make the entire trek from selma to montgomery. beginning on march 21, more than 3200 people gathered at a church to begin the march from selma to montgomery. they came down and the bloody sunday route, came down so than turned right on alabama avenue, up broad street and , across the independence bridge. they continued to march for five days and four nights. they made their way to a campsite, and continue to march all the way until they got to the alabama state capital. they continued to march all the way until they got to the alabama state

thateen: also interesting john williams to the incoming new york fed president, also at the hoover conferencelly have bill dudley said, it is about 2%, not a specific target that we cannot rise above. that is the message. rob kaplan, of the dallas fed who we spoke to a few weeks ago, was at the hoover conference. i did a special interview with him on bloomberg best, bloomberg radio, and you can see from the jobs report the labor market is getting tighter and stronger but inflation is not going to run away. pricing power among businesses is the lowest he has seen in his entire career. bostic both said in effect to more rate hikes, they still expect to see, that is all they expect to see this year. one more chart, gtv. take a look at how the arts are stacking up for three hikes versus four hikes. i have the wrong chart. that is what happens when you are away for a while. there we go. probability of for more rate hikes in 2018 was on the rise, but you can see that turquoise line turned down, so the white still a40% plus is bigger bet in the markets. there has been caution that has slowed them do

the world snooker championship is under way in sheffield between two former champions, mark williams and johnantastic mark williams making it 5—1, a fa ntastic start mark williams making it 5—1, a fantastic start from him. he hasn't played a final since back in 2003. john higgins was runner—up last year and needs a big turnaround so far. you can follow that match on bbc two tv at the bbc sport website and at. that's all the sport for now. i'll have more for you in the next hour. thank you very much. as many as 1500 junior doctors who were offered posts as registrars have had theirjob offers withdrawn, following a mistake in the recruitment process. the royal college of physicians said the error meant medics who'd been scored on their suitability for posts as registrars were given the wrong marks. the college has apologised and says patient safety had not been compromised. the doctors' union, the british medical association, said the mistake was appalling. officials in hawaii say that there have been no new doublings of lava. however, they do say that the existing fissures are continuing to em

williams, john lewis, others involved with the movement spoke to the judge gave the injunction, as wellvernor clark -- governor wallace and jim clark, who were not fond of the march and said it disrupted safety. this march would be the judge said there had been enough justice done to these folks -- injustice done to these folks in the city of selma that a march of the scale was appropriate. folks only had four days to get everything together in order to make the entire trek from selma to montgomery. beginning on march 21, more than 3200 people gathered at a church to begin the march from selma to montgomery. he took the bloody sunday route, turned right on alabama avenue, up rod street, and across the independence bridge. they continue to march for five days and four nights. they made their way to a continue to march all the way until they got to the alabama state capital. this was on march 25, 1965. [video clip] [applause] alabama. from selma, they told us we wouldn't get here. wouldn't getd we here, over their dead bodies. all the world today knows we are in thed we are standing state

and 31-year-old john williams on suspicion of grand theft and conspiracy.ormer contra costa deputy is now facing 4 felonies... after he's accused of having sex with female inmates. patrick morseman was arrested last month. he had been working at the west county detention facility. despite morseman's claims the sex was consensual... lawyers for one of the inmates says it was rape. morseman faces 5 years in prison if convicted. (vicki) on the peninsula... two people are arrested after a shooting at a daly city bowling alley. this is cell phone video from the classic bowling center on king drive when the shooting happened last weekend. police arrested khejon nelson and taisia fauolo. officers say a fight started between two groups of people before a man was shot. the victim remains in critical condition. both suspects have been booked into jail. (grant) in the north bay... a baby deer is back with it's mother, thanks to a couple of marin county sheriff's deputies. this morning they found the little guy poking around their patrol car. he managed to get stuck be

we have john williams saying we may get 25 more basis points over the next decade erin and robert kaplans more demand side and i do not see this moving the needle on long-term growth. >> short-term juicing of the economy. inflation, itut was said if it was sustained above 2%, at that point, we would have a problem. symmetric. word how long can they accept inflation above 2%? >> i think the influx -- affects their view on inflation. they see it staying around 2%. say, iny are trying to this environment, we are not worried about inflation being too high. we are going at the pace of rate hikes because of inflation. couldt changes, maybe you see more aggressive policy, as he said. until then, there is not a reason to do so. >> one of the things they asked mr. kaplan about was the recession. one of the yields we are getting, this is what robert kaplan had to say. >> every day i will be watching very carefully the shape of the yield curve and with the shape me,hat, and what it tells prospects for future growth out here are sluggish. i think it is worth paying attention to. that is the reason w