interest rates yet again as demanded by president trump but what will this move mean for markets richard wolffe the prescient professor is on hand today to break down the future of the fed was amazon's algorithm is under a harsh spotlight today as recent reports allege the company's search tool favors the company's products offer and take executive alex out of earth joins us show today to give us insight into what the e-commerce giant has been up to and what legal challenges they could be facing so we guy just a little bit global business news to bring you the best market moving information let's go. another cut in u.s. interest rates leads our leads our global report today as the federal reserve unveils an expected quarter point interest rate cut the 2nd in 2019 after 2 days of policy meetings a federal open market committee of the u.s. central bank said it would lower the target rate for the benchmark federal funds rate to between 1.75 percent and 2 percent in a policy statement the fed committee reference quote the implications of global developments for the economic outlook as well as muted

economics at the famed you mass amhurst and author of democracy at work a cure for capitalism richard wolffe professor wolf there is so much to get to here since we saw you last but 1st. let's go to the u.s. central bank the federal reserve which as expected lower the target range on the key federal funds rate by $25.00 basis points wall street seems to be giving another thumbs down on the rate cut so looking at this let's go to. let's go to the jay powell explaining the fed's choices they're cutting rates to boost the economy but here's what a poll said recently about the state of the u.s. economy. so we're not forecasting we were expecting a recession as i mentioned incoming data for the united states suggests that the most likely outgoing outcome i would look for the united states economy is still moderate growth a strong labor market and inflation continuing to back up i went through the numbers so the consumer is in good shape and really there's there's. our main expectation is not at all that they'll be a recession. and we've identified this disconnect before but mr powell says there's

of euro pacific capital and richard wolffe professor emeritus at u. mass amhurst and the author of democracy at work a cure for capitalism gentlemen bragg's it i feel as if every headline we've done as long as i can remember leads to one more now what moments and we're at that point again in the cycle but while we may not know how this will end it seems we can be fairly certain that confidence in the u.k. is political system to handle handle paul challenging policy questions and process democratic input seems have been severely undermined so my question is what is the economic effect of the one sure consequence it seems of this adventure which is loss of confidence and u.k. institutions peter do you want to take that on. how much or how much confidence there was a u.k. institutions to begin with and you know it seems like both sides have a political interest to kick the can down the road to avoid dealing with the consequences of bragg's it but you know i still think from a long term perspective getting out of the e.u. would be a net positive for the b

no longer going to allow them to do as they did in the past something's got to give professor richard wolffe another day of fascinating takes thanks so much for your time. thank you. and mexico is making a major play in foreign trade and moving to financially reinforce their state oil company pemex mexico's economy ministry has confirmed a claim from their brazilian counterparts that lanham latin america's 2 largest economies have begun talks on a broad trade agreement a previously agreed liberalization of trade in auto parts and finished vehicles took effect in march of this year meanwhile the mexican finance ministry has reportedly arranged for another $5000000000.00 infusion of liquidity into the state oil company pemex the ministry said in a statement that the capital would come from the federal government redirected from unspecified assets in the mexican treasury bloomberg reported that the ministry has only a range to provide a short term loans of pemex as a bridge to credit from lenders including j.p. morgan goldman sachs and bank of america the ministry says the. all of the infusion

no longer going to allow them to do as they did in the past something's got to give professor richard wolffe another day of fascinating takes thanks so much for your time. thank you. and mexico is making a major play in foreign trade and moving to financially reinforce their state oil company pemex mexico's economy ministry has confirmed a claim from their brazilian counterparts that lanham latin america's 2 largest economies have begun talks on a broad trade agreement a previously agreed liberalization of trade in auto parts and finished vehicles took effect in march of this year meanwhile the mexican finance ministry has reportedly arranged for another $5000000000.00 infusion of liquidity into the state oil company pemex the ministry said in a statement that the capital would come from the federal government redirected from unspecified assets in the mexican treasury bloomberg reported that the ministry has only a range to provide a short term loans of pemex as a bridge to credit from lenders including j.p. morgan goldman sachs and bank of america the ministry says the. the infusion is to r