the labour party is no better, david lowe may disc —— —— david lammy declined to deal with the tribunallways more important. just think about it. the position has been explained very well in the second world war. if you see someone coming for another part of humanity and you do nothing and thenit of humanity and you do nothing and then it comes to another part of humanity and you do nothing, sometimes it may come for you and there will be nobody to care for you. we owe it to the uyghurs that the findings of genocide are acted upon by our government. thank you forjoining us. i should point out those accusations of genocide had been put to the chinese embassy by the bbc many times and they vehemently deny them as they do these latest allegations that they are pressuring uyghurs living abroad to spy on human rights campaigners. at least two people have died in beijing during china's strongest storm in years. storm doksuri has been causing widespread flooding and hundreds of thousands of people have been evacuated across the country. subway stations in the capital beijing have filled with w

david: are you also saying that fx volatility remains quite low? >> yes. disinflation is happening in a growth environment, which is still largely ok and it is happening in a benign fashion, so i think volatility will stay low. david: you are short dollar korea. why? >> koreas one of those markets where we see a turnaround and then electronics cycle. it could benefit from this kind of goldilocks environment where you see the global disinflation proceed and happening in an environment without a downward correction in demand. it is somewhere where someone like korea could do relatively well. if the china growth downside does not trigger more policy support, then i think most of the sentiment could turn for the worst. david: it has been a while -- things seem very predictable. inflation seems to be behaving. volatility is low. what are you watching out for in terms of risks that could mess with this goldilocks period? >> the two risks i would think most about is that this disinflation is happening around -- without the need of excessive further tightening. or

david: david here, by the way. how low of a bar should we set toward progress? i am kidding.should we expect on progress as far as those issues are concerned? ruchi: there is a report that will be submitted on the issue of the reforms and multilateral banks. there is a broad consensus that there is a need to do something and it is being championed by another -- by none other than u.s. treasury secretary janet yellen, who says these institutions need to be revamped. there is a look at ways of increasing their lending. yes, over the next few days we can expect at least a broad consensus of sorts where all countries may come on board in the need to revamp. but how they will revamp and whether it will be true through private funds coming in or tapping the private sector, or will it be through increased lending through sovereign donors is something we will have to watch out for. besides that, the issue of debt distress will be an important one. china has finally come on the table. there is some progress with respect to the restructuring in zambia. that has meant that after a long

it is an international community and to attract low —— attract a world star, and for david beckham, anotherbring him home is incredible. the president of the international paralympic committee has told bbc sport that international sporting governing bodies should set their own policies on transgender athletes. it comes after italy's valentina petrillo last week became the first openly transgender athlete to win a medal at a global para—athletic event. petrillo has visual impairment and is racing again later at the world para athletics championships in paris. president andrew parsons told our reporter rachael latham that he won't be making a decision. it will not be an ipc decision, it will be for each and every sports. the rules of the sports and the classification is the role of the sport. classification is the role of the sort. ., , ., classification is the role of the sort. ., ,., ., classification is the role of the sort. ., , ., ., ., sport. could you explain to me how ou could sport. could you explain to me how you could then _ sport. could you explain to me how you could then have _

this is bloomberg. ♪ david: live to the rba governor phil lowe talking about the opposite when it comes remain high, and it remains to be determined of policy has more work to do. not my line, there's. -- theirs. let's bring in james mcintyre for us to talk us through his key takeaways, he is our economist for australia and new zealand. we're all yours, what stood out to you? james: one thing that stands out from the governor's speech is although there might be some suggestion he wasn't pleased with some of the conduct of monetary policy, the rba has dug in and started straight away on getting things happening. what we have heard live from the governor there is they will be moving to four main quarterly meetings. what follows the usual february, may, august and november cycle. they will publish their forecast at those meetings in future rather than a couple of days afterwards. the other four meetings -- they have moved from 12 monthly meetings a year to eight with this new policy panel. those other meetings will be less formal. this new panel and new members of the monetary policy commi

low inflation. >> absolutely. davidu don't necessarily have to have a bad labor with market or slow growth to cut inflation. >> you are absolutely right, david. it almost seems as if jay powell wants to have a reason to keep raising interest rates. and what it's cutting off is investment. investment is the life blood of any economy, and that's really what's being curtailed. if you talk to companies, they're not able to access credit in order to grow good, solid companies. david: bottom line, we're looking at microsoft which, again, is the one dow stock out of thirty that's in the green today. would you -- where would -- what would you do with stocks right now? would you just stay out of hem completely, or are there a up couple of winners like moth that you might want -- microsoft that you might want to go into? >> there are bellwether stocks where you can find protection, i always suggest you look for ones that pay nice dividends. but if we are going to see the debt ceiling law honored, then we will see on october the 1

david: we are headed into the lunch break. we are at about session lows, not quite.ss some of the main ones. we have been tracking the 200 day moving average. it is still out about these current levels. we may see a solid break below that. if we do come i cannot see another support level next in line. we can talk about that when it happens. hong kong is looking like this. we're looking at banks, property, tech, macau casino stocks with the visitor numbers out later today. broad-based, we are looking at a selloff for the second straight session. yvonne: the japanese coming back after the lunch break. you seeing continued resilience. they are really embracing that may be easy monetary policy is here for a while. that certainly is helping. that is left in this market. as we count down to the boj that is happening next week. david: maybe this time. i forgot who saying that. that is not important. u.s. futures, flat right now. the benchmark in the u.s. was a tech story. also a bank story. nasdaq close to 16,000 because of the microsoft story. morgan stanley reporting seco

have be important conflicts but over time i watched david pilpel the last 25 years e involve to a mature, responsible individual advocate the tireless low i mean that seriously on behalf of the citizens of san francisco. i have known david for many years special he is the first person i call if i have a question as an attorney about issues pertaining to the san francisco municipal code. he has been instrumental in advocating for civil rights and the rights of individuals in san francisco e inthl it miss to matters open meetings, brown act and other documents that people have a right to listen to and see and obtain. i urge this committee to speak if there are occurrence you may have. i could not think of anybody better and poised at this time when everybody in the city needs to come together to bring our city out of the pandemic malaise and urge you to appoint him he will be a productive member of the task force. i worked with him on projects where he has been a team player. and i have no concerns about his ability to work well with others. thank you very much for your time. thank you. hole i'm laura, can you hear me? >> yes. >> hi. as n

david ingress. u.s. inflation hits a two-year low. the benchmark in the pacific is headed for its highest close in more than three weeks. the dollar around 15 month lows. the yen is consolidating below the 140 handle with traders unwinding short positions. plus, we get the outlook and a pulse check from india tech from two heavyweights. conversations coming up in the next 60 minutes or so. haslinda: it is quite a rally. asia up for a fourth day, set for its highest close in about a month. weaker than expected cpi data suggested we are at the tail end of the tightening cycle. that hike expected in july may be the last for this cycle. let's take a look at how we are shaping up in asia. pretty strong gains. more than 1% for a lot of the benchmarks across the region. we have the sti up by 1.5%, along with the asx 200 index. take a look at the hsi. it is about tech. in excess of 3.5% higher in asia tech. the premier of china meeting executives from the tech companies suggesting perhaps that crackdown is over. in the fx space, it is about t

the youth and on a planet rate hit a low after retail sales went below estimates. let's go over to davidom our bloomberg economics team. expectations are for bed how much worse was this then expectations? >> it is not easy to say how much worse. i can tell you that we expected 7.8 percent year on your gross -- it became 6.3. it was a 1.5% point. what was surprising was the weakness if you look at what happened, the consumption has been meeting the recovery. now, the weakness was faster than respected. >> in the mid of this, we had the pboc holding its one year, left rate steady today. and the expectations of really big stimulus disappointed? and come to fruition. what to be a spec from the policy side? we do. the for the dinner camera, we have decreased our expectation. this is compared with -- not you have reached our expectation is in. the previous he will do monday easing ahead. thank you so much. thank you for for -- thank you from our economic team. this shows the anti-trump republican donors are failing to rally over a single candidate. the former president's closest competitor is

going to come down, so why not take advantage of stocks that are going to do well in a low-rate environment >> davidelly with a message to the market do not kill the bond cicadas, not this year. david, appreciate it >> any time. >>> when we come back, meta out of the gate with sign-ups for threads. twitter responding by threatening some legal action. we'll get you all the details. take a look at the premarket here as we wrap up the week. still plenty of stocks to get to we'll talk about what's coming down the pike in the week ahead. more "squawk on the street" when we return. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can

david. there's not a lot to work with. when you have 4% inflation you can have 3% unemployment which is very low, but that eats into wages soe fact that they are taking home maybe less money, it's hard to fill up their car with gas, can't go out to dinner because even if you go to the diner, it costs a lot of money these days and you put that together and biden-omics doesn't add up much. by the way, i know, pretty sure that media matters will attack me and run numbers on what i'm saying here, but you know, the people out there are believing this. this is in the polling. you can't get around it. it's really, it's really pathetic and other is the other thing. david: quickly because i want bob back in here. go ahead. >> one more point. this is where it gets really weird, if the fed keeps raising interest rates, he's going to have to own maybe recession in a couple of years. david: that still may happen although rumors it was coming seemed to be wrong so far. bob, just fishing for any good news for the president on the economic front. i did find or at least in the polling that people dislike his economic policies less. he did h

low tonight, only 61. not that cool, honestly. [ethereal music] i'm david beebe with you till one a.m.ated zone, which it never really was. ♪ ♪ - born and bred near here? - yeah, a couple hundred miles east. not far. - that's considered close around here. - close, yeah. - yeah. - the forest still makes me uneasy. surrounded by trees, i get uneasy, 'cause i can't see. - um. - i can't see far enough. - now, i guess unlike a lot of texans who take a rather romantic view of those early days, you seem to view it in a darker prism. - it is dark. the story of texas can get a little-- it gets a little too polished. it was a conquest, and people forget that. there were people here. the spanish and the mexican authorities wanted to exterminate the apaches. they created a society for the extermination of the barbarians. - so the classic cowboy and indian film of scalp-hungry indians, uh, was not really the case. - well, they took scalps too, but they kind of learned from the anglos. and then when the texans came in, it intensified. if you were a rancher coming out here in the 1870s, you better ha

david: in terms of your funding currencies, people start talking about the yuan with record low fundinge? wayne: the yen has been a traditional target. from a currency perspective on the yen, the yen short to very elevated, and being careful about the yen because this thing can move very quickly, very sharply. we think the bank of japan will start to talk about life after yield curve control by the time we get through into the fourth quarter and we think they will start to make adjustments. therefore we think they yen will appreciate in that context, but rates in japan will be low relative to where they are the rest of the world. you also have things like the australian dollar where rates are up high and we think they go higher. also the ecb and the pound -- the ecb and the bank of england where rates have to come higher still, so that also underpins this narrative of dollar weakness against the major g10 currencies. even when we look at market pricing, even our own estimates have the fed cutting before these g10 central banks. haslinda: i want to move to commodities. it has been a lack

make your house look a little better >> right >> and they're going back to lowe's and they're going back to home depot >> davidjim mentions the banks. we'll learn a lot more tomorrow. there's some reporting today about maybe some ipos coming down the pike further. the information has a piece on liquid death, the water backed by a lot of venture capitalists. can you talk about the mood out there? i mean, you got iger opening the door to some stuff you got darren woods, and exxon, which we haven't mentioned yet is that getting reflected? >> yeah, you know, i'm not allowed on the grounds there, carl i wasn't invited i'm just out here where we have to sit when we're not allowed in so, i don't know what the talk is i'll just be straight with you >> david -- >> that said -- yeah >> david, did you see the beatdown of lina khan in that microsoft-activision judicial ruling >> of course i did >> that was a first-class beatdown she was down there giving lina khan the business. that was one of the worst -- >> the business. >> no, honestly. that was basically saying, you got to go back to law school, because you didn't eve

low-hanging fruit. if that were johnny carson, he would've gone with her. david letterman in the early days would have gone with it. >> greg: honestly, i don't think i would exist in this realm. don't just be funny for half the country or a third of the country, which is what all these nameless people do. if they had stuck to the plan, i would be on "the five" being very polite, being nice to dana, but i had to take on this mission. no one else would. >> i was surprised to discover in the book, your reluctant warrior taking the show and you consider yourself apolitical. >> greg: the funny thing is, i talked to one fairly popular late-night host who told me not to do it because it was not worth the extra time and pressure. the targeting that you know and i know, tucker just laughed at me and said you have to do this. he said, gutfeld, are you crazy? you have to do this. he just started laughing at me. i realized i have to do this. when i say that i am apolitical, it means that i wish politics wasn't part of our lives except in that specific realm. apolitical means

david solomon. the bar has been set so low. that says this guy has been tarred and feathered, lloyd blankfein screw this up, david solomon did not. i think wednesday is more important than we think. lisa: at some point -- jonathan: at some point you own it. tom: the bottom line is that is the zeitgeist from a certain group and we will have to see. that is all there is to it. futures have improved. jp morgan alone has lifted futures. someone who is logging this is an expert on it for bloomberg news. he is doing the zeitgeist but also the reporting. what is the immediate reporting of the future of the leadership of goldman sachs. sree: let's look at what jp morgan posted. when you have a bank that is up 11% that posted in r.o.e. of 20% and the stock bounces another 3%, that sets a high bar for others to follow. that is something that will make bankers sweat because they have made clear the numbers they are going to post are going to be pretty bad. r.o.e. will be in the low single digits. it will not look pretty. they have to play

david: so, structurally, does it look like we will be headed for a period of just low profitability?so. net interest margins for banks are actually very hefty. while there are macro factors supporting it, but also, as you rightly said, what is happening is at least the younger population is putting apart of those savings into other financial services assets -- insurance, mutual funds, so on and so forth. therefore, thanks me to come up with prepositions across their customer landscape on how they can get deposit back. on savings, but also on direct accounts, with merchants, traders, and so on and so forth. david: my apologies, but we will need to leave it there for now. i know it was quite short. we will need to sort out the audio issues. we will have you back to talk us through this as this is a fairly to unpack in two or three minutes or so. saurabh trehan of bain & company. he is partner in the financial services practice at the company. very briefly where we are markets wise, let's start in fx. remain be. a weak dollar story all around. dollar-yen, 130 nine. bloomberg dollar, 120

they had one play where they hit him high and low, but he got up and capped playing -- and kept playing. kevin: that came just a few months after stockholm. david: yes. kevin: how did jim thorpe end up in stockholm? david: first of all, he was the greatest all around athlete, so he was not only playing football for carlisle but was also their trakstar. the carlisle track team was also dominant, so much so that jim thorpe, who could compete in events of all sorts -- the motto of the olympics involves jumping, running, and throwing weights, and he could do all of those things. he and his teammate, a long-distance runner, literally beat entire track teams by themselves. both of them competed in tryout to go to stockholm and they were selected. they went over with pop warner who was their coach, and jim thorpe dominated their -- there. imagine competing in 17 events in two weeks. the decathlon is 10 events, the pen tackle on his five events, and he competed in the high jump and long jump and he won two gold medals. during one period of the decathlon competition, he couldn't find tissues. -- find his shoes. the mythology is that they were stolen but

low price starting at $28.98. behr. only at the home depot. >>> and we are back with david remnick of the new yorker, with me on set andm moscow. is seems the most significant thing that prigozhin said in his rambling 11-minute telegram monologue was a pretty frontal attack on the rational for the war in ukraine. >> that is right. remember, for months and months, prigozhin would go on telegram, with his message at the system that lots and lots of people look at in russia. and in the most profane language, which has -- is very attractive, something that putin used to do and really kind of get a rise out of ordinary people, his critique was aimed at shoigu and the leaders of the military effort in moscow. it was directed at moscow. we are here fighting the war in ukraine and you and your palaces in russia don't care about people getting killed and it was a competency argument. that changed. in the latest rant, and in most recen recent rant, had to do with the rational of going in the first place. now he didn't direct it absolutely at putin. he didn't say putin did this for some pernicious reason. he said he was manipulat

low. owing into earnings from david solomon and the team.his of it actually looks like into the results from msn be of a little later. equities totally unchanged on the s&p 500, talked a lot about the ecb with kit. that sparked a bond market rally in europe. it carries over to the treasury market. deals are lower by four to five basis points, your tenure, there it is again for a ninth time, the euro is stronger against the u.s. dollar. ♪ this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, and looks at the most effective ways, to get resources to them, to get services to them. the idea that we have saved five million people's lives, it's overwhelming. it's everything. jonathan: really interesting two hours

thigh speak about that -- they speak about low taxes, cheap energy, less regulation, and he wants to unleash 3% growth. 3% gdp on a consist basis. davidocks to get a sense of the markets and the sense is it's pretty flat and we've got an actual split decision here. half are up and half are down as the dow is basically flat. up 0.05%. meanwhile a new poll showing voters in battleground states trust republicans more than democrats on education. that's a switch from the way it used to be. bottom line, parents want school choice and corey deangelis takes that on next. ♪ with your hearing, if you start having a little trouble, you're concerned that it's going to cost you money. to this day i only paid what i had to pay for the device... when i go back everything is covered. there's so much you're missing by not having hearing aids. we'll find you a hearing aid that fits your lifestyle and budget at one of our over fifteen hundred locations. call miracle ear at 1-800-miracle and schedule your free, no obligation hearing evaluation today. sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys hav

david, staying a couple years longer. and stock cannot get out of its way. just a few bucks off of 52-week lowarguably biggest reason for that the fact espn and the rest of the cable networks are tethered to declining subscriber basis. everyone acknowledges disney included, has to be another solution you know, subscription-based direct to consumer whatever it might be i'm interested in actually, alex, this only seems to also make sense for a disney if it somehow gives them capital or saves them money on the money they pay the leagues for the rights to broadcast the games? >> yeah. look, first of all, maybe capital objection here a stake in the league. you're right you have to wonder if part of this is, look, maybe in terms of an equity deal we can get sort of a discount on the rights. look, not just rights of the game also as bob iger put it shoulder programming espn gets from the various leagues. deduction on highlights costs and other sort of perks to this deal in order to make sense for espn really, though, i must say i think it kind of makes more sense for disney than it does for the leagu

lows not seen in two years. we see improvement in credit quality and expectations among high yield investors for more on this, let's bring in david waddel at waddel and associates >> good morning, frank >> we have more money coming into the markets than in the la last two years i know you have high net worth individuals. are you telling them to get more cash off the sidelines and put it back in the market? >> we already have the interest of the goldman recession talk is coming down a bit. it has already happened. we had 6% gdp growth in 2021 we have been at 1% since inflation has come down from 9% to 3%. the fed is not leading inflation. they are following inflation the complex is coming down wages, et cetera as disinflation takes root, which has happened, on average, markets return three times more than inflationary environment. there are places that may run a little far there are a lot of other places in the market. non s&p where the pes are reason a reas reasonable >> i think everybody agrees the market is expanding. we saw industrials and consumer hit a 52-week high yesterday you are saying there are spots outside of the s&p

david ignatius believes that the ukrainian conflict, on the contrary, is going according to a planned scenario. by the way, they emphasize that these 18 months of war have become an unexpected strategic benefit at relatively low with a strange usa at the end of the material. the author urged to supply the ukrainians with even more weapons, against this background, london does not hide that they have achieved their goals of turning ukraine into a military training ground. minister of defense of the kingdom. says the british military is learning from the ukrainian experience to strengthen its army in the future natalia goncharov news. with kefir , you pay with your cashback for everything for okroshka. and not only through the system of fast ways, and there will be a cashback of 5% bonuses on magnet cards. uh-huh, the main thing is to forget shopping through st. petersburg on the network a magnet under a silver foil taste. the chocolate layer inside is a beautiful perfect ice cream airy natural happy in the heat yulia carries a silver bullet sberbank presents a credit potential service. plan your dreams. find out in advance the amount and conditions for all loans available to you. calculate the credit potential

low profile. you know? [ laughter ] he's not ostentatious like some of these l.a. celebrities. tracy is backstage right now, as is davidan. [ cheers and applause ] you may know, i've spoken a lot over the years about how much i love dave, the impact he's had on me as a comedian, a talk show host. and dave is here tonight to ask me to stop doing that. [ laughter and cheers ] he's getting uncomfortable. i'm nervous. doing a show with david letterman here is like trying to snake a toilet in front of your plumber. [ laughter ] there's a lot of pressure. when i was a teenager, i never missed a show. cleto and i, we would watch every single night. on my 16th birthday, i had a "late night with david letterman" cake. when i got my first car, i got a vanity plate that said "l8nite." that's my brother there. i lost my virginity on "late night with david letterman" sheets. [ laughter ] i had a very sad childhood. right, blue man? yeah. [ laughter ] so here's a crazy story. you hear about nasa hitting that asteroid? yesterday, nasa went full-armageddon and successfully hit an asteroid with a spacecraft. in what they say is the wor

low pressure arrives just in time for the weekend. today at six: a british man convicted in cyprus of killing his seriously ill wife walks free from prison. davidut after 19 months in pre—trial custody he walked free and made this emotional statement. i wish i could find words to describe it. i can't. when you're under pressure for two years, wondering which way it is going to go, you don't know what to think. thejudge said david hunter had committed a crime but with the aim of relieving his wife of her suffering. also on the programme... over 100 new gas and oil licences are to be granted in the north sea by the government. school's back on in the autumn as members of all four teaching unions in england vote to accept a 6.5% pay rise. catch! catch! and it's a fight to the finish in the final ashes test at the oval. and coming up on bbc news, australia's seal their spot in the knockout rounds of the women's world cup. the co—hosts blow away canada to the relief of the home crowd. good evening. a british man who suffocated his seriously ill wife at their home in cyprus has walked free from court.

david ignatius believes that the ukrainian conflict, on the contrary, is proceeding according to a planned scenario. by the way, i emphasize that these 18 months of war were an unexpected strategic benefit at a relatively low a strange usa at the end of the material. the author urged to supply the ukrainians with even more weapons, against this background, london does not hide that they have achieved their goals of turning ukraine into a military training ground. minister of defense of the kingdom. says the british military is learning from the ukrainian experience to the future strengthening of her army natalya goncharova to lead. well, now stanislav cherchesov, new from the inform e agency, has been dismissed from the post of head coach of the hungarian ferens club, tedding, according to the official website of the team, the reason was the departure from the champions league qualification, the russians have been heading the club since december of the twenty-first year. i brought him the championship twice and once took the country's cup, let me remind you. cherchesov led the russian team at the 18th world championship, then for the first time our team reached quarter final. next, not a big advertisement,

low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. davidthe markets, and again i've been saying all morninginging long it looks like they're kind of on hold. we're getting over a hundred financial reports week from corporations including amazon, apple, caterpillar. all the biggies are coming in this week, so stocks are slightly up. all the indexes are slightly up. a couple of them were slightly down moments ago, but it'll be that way throughout the day. >>> a meanwhile, hunter biden's former business partner, devon archer, is expected to testify in a closed door meeting. chad pergram is following it on capitol hill. he hasn't even arrived yet, right? >> reporter: that's right, david. he was supposed to get here at 10:00 is, we're told he's running a few minutes behind. we're standing at to o'neill house office building where some of the committees do their work and where they're going to have this transcribed interviewed today. he will not be under oath. we're told that they're going to review some new, previously undisclosed bank records t

they have all of these very low regulatory state and businesses are just flocking there from all over the country, all over the world really. >> right. davidu compare that to new york, california, illinois, all these democratic states which have these, forgive me, but terrible economic policies that are driving people away. why doesn't he focus on that? >> yeah, i think he should. he has a good story to tell. i just think that in terms of donald trump he has to be confronted head on if anyone's going to make a difference. because right now donald trump has his views, most of the people are saying i agree, right? so why go for them when donald trump -- david: right, right. >> -- is what you want. david: i hear that all the time. >> i think there the has to be a shake-up, and it will come when they face each other. and that's why donald trump may be unfair by not agreeing to the first debate, but, you know, he's not giving them a chance to do that. i i think the danger for these candidates, they snipe at each other or snipe at desantis because he's in the lead, or they just are, look quarrelsome, and donald trump looks like he's above it all

investigation finally comes up with a couple of low level crimes they blame it on corrupt state prosecutors, deep state prosecutors when in reality the u.s. attorney here, davidss was a trump appointee, and he was kept on within the merrick garland department of justice to investigate hunter biden and there was no political interference here. and so equal justice under the law means that hunter biden should be treated no better but also no worse than anyone else. if his name was hunter smith, i suspect he wouldn't even be prosecuted for this gun charge. it's a rarely enforced statute. the law bans drug users from possessing weapons. it's close to being thrown out as being unconstitutional. as far as the tax offenses, those tax offenses occurred in two years when he was in the throes of drug addiction, and he repaid all of it. so probation for those offenses is appropriate. >> the judge was appointed by former president trump and had the support of delaware's two democratic senators when she was nominated there. lisa, does she have any i guess choice on whether to accept this plea deal? >> absolutely. it's just a recommendation by the federal government. it's

david geer. >> what a shot. didn't >> what a shot. you didn't expect it's just so low. expect that.'m still going. he's still going. he's still going. look, we've got two pint pots, right? >> the challenge is simple. you've got to just get over the top, pull a pint. >> bit simple, like david, pull a pint and slap on the bar. a pint and slap it on the bar. >> that's it. so, all right, in your own time, go for it. >> i've done this before. >> i've never done this before. >> i've never done this before. >> it matter? >> does it matter? >> does it matter? >> i get a bit of a hint to >> can i get a bit of a hint to do it? >> it's the taking part. okay. i'm competitive. >> it's the taking part. okay. i'm so, competitive. >> it's the taking part. okay. i'm so, david, ietitive. >> it's the taking part. okay. i'm so, david, you've been in >> so, david, you've been in politics here a while. >> yes. are you standing again? >> yes. are you standing again? >> in fact, oddly enough, >> yeah. in fact, oddly enough, i'm concentrate . i'm trying to concentrate. >> talking that's >> talking about odd

david geer. >> what a shot. didn't >> what a shot. you didn't expect it's just so low. expect that.till going. he's still going. he's still going. look, we've got two pint pots, right? >> the challenge is simple. you've got to just get over the top, pull a pint. >> bit simple, like david, pull a pint and slap on the bar. a pint and slap it on the bar. >> that's it. so, all right, in your own time, go for it. >> i've done this before. >> i've never done this before. >> i've never done this before. >> it matter? >> does it matter? >> does it matter? >> i get a bit of a hint to >> can i get a bit of a hint to do it? >> it's the taking part. okay. i'm competitive. >> it's the taking part. okay. i'm so, competitive. >> it's the taking part. okay. i'm so, david, ietitive. >> it's the taking part. okay. i'm so, david, you've been in >> so, david, you've been in politics here a while. >> yes. are you standing again? >> yes. are you standing again? >> in fact, oddly enough, >> yeah. in fact, oddly enough, i'm concentrate . i'm trying to concentrate. >> talking that's >> talking about odd. th

low growth has slowed as well as organically through earnings. guy: which are going to be better soft landing stocks, the big banks or the regional banks? david will be the regional banks, the large banks and particularly jp morgan and bank of america and wells and american express and credit card banks have been popular hiding places for institutional investors and the opportunity exists in the small and regional bank group. there is probably a 30% to 40% discount for the regional banks listen to the big guys. to the extent that we can get comfort -- over the next two or three quarters and clarity with respect to revelation and credit, that is the driver for the stocks to go materially higher of current prices -- from current prices. guy: thank you for joining. david george, baird senior bank analyst on what is happening with the numbers. how big a difference will be see emerging at the stop lending scenario comes through? people are looking for paper -- places for -- to hide but we wonder outside of tech, whether this rally broadens. kailey: you are seeing the rally taking shape. bank of america up 4.3% and morgan stanley up four point 6% a

david, good morning. so the world's largest crypto currency is in a multiyear low for price swings some are calling this ator apathy it's traded in a price range of just 4% and it's failing to sustain the upward momentum after the black rock announcement for that bitcoin etf and the application for that etf. analysts at glass note note that inflows have been what they call steady and modest and dubbed it a period of investor ap that this to a hangover fund strat says investors have been moving in the speculative coins and equities away from bitcoin. they highlight selling pressure as well from bitcoin mining companies that tend to be some of the larger holders of bitcoin supply while price stability, guys, might be a good thing for bitcoin's value, digital gold status and the institutional investors, volatility does tend to attract new buyers and retail money. as far as the bull case going forward, market participants are looking towards something where the new supply of bitcoin will become more constrained and that's set to happen next year holding on to hope that that bitcoin etf i mentioned will bring

david, an addict, was murdered in a drug deal. the i saw my brother died. i watched the hell on a shy lift. you know, a life of hell, really. as a boy low. that's how would i buy that you? i made a choice when i was 34 years of age to change everything off to the death of his problem to mock turn to religion and christianity. 18 years later, he's a different person. but he's seen 1st hand what poverty can lead to. and that's partly what drives his county walk. ashton under lines on the outskirts of manchester is home to a population of $43000.00. the former cotton weaving capital up the u. k. it was a todd by d industrialization. it's job center became the 1st in the u. k. to experiment with universal credits, a single beneficial to combine 6 in total, including job seekers, allowance and housing benefits. that was in 2013, under david cameron's conservative governments, the introduction of universal credit, broad radical changes to the benefits system, journalist and local activists. charlotte hughes was outraged a story. even in spite of film that my cell phone can launch, the right to nfl make us can communicate with many used parts o

david miso >> how you doing, buddy? >> it's been a crazy week. you've seen all the data give me your thoughts? >> my thoughts are cpi, very low.ed in that we're going to have a rate hike, another 0.25%. don't know why there's no reason for it is it because they put it out there? why can't we follow the numbers? just because it was telegraphed a month ago, why do we have to keep going at the beginning they paused way too long and never did anything and now they're doing too much, too fast. >> those sentiments are echoed by many and i understand your point and i understand the fed's side you're also correct that the fed could do some independent thinking and maybe it's best to break this relationship where they lead the market by the nose all the time. >> and they don't have to telegraph everything. >> they are worried about volatility so we need to understand that as well. >> is that their job to worry about volatility or keep things in line? >> based on the way they were talking, their job was to slay inflation, no matter what, recession doesn't matter once again, i see your point now, let's consider what's been going on with

low expectations at this point. that may be more meaningful in terms of the impact on the macroeconomy than tax incentives or buying more cars or electrical appliances for example. david: yeah, because it's a multipronged approach. it seems to be that they are taking it. you can have multiple targets. you can do that across multiple fronts. on aggregate, you might move the needle more than what the target seems to imply. the crux is what happened to the property sector. no analysts that we've spoken to expect properties to do a complete turnaround over the short term. that's a very slow moving story. it has shown up this week when you look at property issues here and cast flow issues that some of these big issues are. it seems to suggest that from monday to wednesday, it was bad. thursday saw a record rally in fact. the company says it's nearing the end -- it's finalizing as -- to help pay down its dollar bond . that yellow line that you see on your screen. it's actually do on sunday. 400 million dollars. it's trading at about $.90. it jumped $.60 yesterday. it's been busying. there's no other person that's been more busy than the man beside me. he's been tracking thi

low hangineyg frut . if it was johnny carson,if he would have gone with it. jay lenohe have gone with it. david letterman. in the early days before he becam e political would have gone with it, wouldn't they? yeah, in fact, honestly, i don't think i would exist. i mean, in this realm right now, if they had actually stuck to the original plan, which is be funny for everybody, don't just be funny for half the country or a third of the country or the people you work with, which is exactly what fallon and colbert and corden and all these other nameless people do. if they'd actually stuck to the plan. i would still just be onhe the five being very polite, you know, being nice to dana. bu five"t i had to take on this mission, john, because no one else would tak. >> well, somebody had to take it out on you, right? i was surprisee wod. discover in the book, number one, you are a reluctant warrior taking b the show and that you still consider yourself apoliticad yol. why? yes. well, i was i it the funny thing is i had talked to fairlyd popular late night host t who told not to do it becauset a it wasn't

seeing the regional equity markets off the lows of the morning, seeing here the oil story continuing to also impact because that's an inflationary thing. david, what are you looking at when you look at that? what strikes you the most? david: the fact that there is no volume today is something you don't see their despite price moving up. it always gives an indication of how strong the rally was yesterday and made the lack of conviction to take this forward, you can really make the case a lot stronger when you look at fixed income then you can equity market. that's my opinion, but who knows. equity bulls, bears have been capitulating given the moves up in price we've had recently. let's bring in head of apac ishares investment strategy at blackrock to chime in on what the key assumptions would be to make moving forward -- are we done with the tightening cycle or set something we can ride with already at this point? >> clearly inflation is dropping and that's been happening for a while. the fed tonight is kind of 50-50. i think the thing to look at after powell's statement tonight is essentially where the market is expecting rate cuts because r

starting at a very low earnings base, and the big picture for agriculture, very important to have these types of players who can get more productivity out of every acre of land. >> david herro, we did arable land, allianz and lloyds banking group. thanks for coming on "closing bell." let's not make it another few years, david. >> any time for you, brian. >> 6:00 p.m. central for "last call". thank you very much. >>> up next, bob iger under fire the disney ceo facing some scathing criticism from the famed actor brian cranston we're going to bring you his comments and what they could mean for disney right after this at pnc bank, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. (vo) it's time to switch to verizon. sadie did. and now she has myplan. the first unlimited plan that lets her choose exactly what goes in it. now she gets to pick only the perks she wants and saves on every one. and with an incredible new iphone on us, no wonder sadie is celebrating. introducing myplan. get exactly what you want. only pay for what

low and wait until it is over? there are two ways an opposition party can do with this thing. it'll be interesting to see what they do. as far as david weiss is concerned, it's a flat contradiction between what the whistle-blowers says he heard david weiss they and what he says about whether he was forbidden from bringing charges against hunter biden in the district of columbia. >> john: this whistle-blower x has a lot of injury going on in washington. we always love a mystery. here in d.c. we don't know a whole lot about him. he is said to be a democrat, a career government employee, and irs criminal investigation agent. apparently his identity is going to be revealed during the hearing on wednesday. how might this affect depending on the hunter biden plea deals? >> most importantly, whistle-blower x has the most hand on knowledge of the irs hunter biden investigation. gary shapley the whistle-blower we know about who's out by name was the supervisor of this investigation but whistle-blower acts was the lead agent on the investigation and if you look at the transcript of the testimony he has given, he's very hands-on and has all the

low, it's friday and this is outnumbered. i'm here with harris faulkner and cohost of the bottom line on fox business, dagen mcdowell and amy freeze and host of the davidebb show the great david webb. we begin with new bomb shell allegations surrounding president biden in his possible involvement in a ukrainian bribery scheme. that's right. president joe biden this time, not hunter. senator chuck grassley released unclassified fbi document and the memo claims are unverified but the details come from fbi informant who is very trusted and its his conversation with a top ukrainian energy executive. the informant outlines how then vice president biden is hunter biden allegedly coerced the executive into paying them and in exchange they were going to get help get ago rival prosecutor fired. according to the memo, the ceo of the energy firm burisma hired hunter biden to protect us through his dad from all kinds of problems. it appears the price for the biden service, it was pretty steep. "it cost $5 million to pay one biden and $5 million to another biden". who is the other biden? according to the memo, the burisma ceo wasn't initially trying to pay up. it g

low. instead take your foot off the gas to be to put our foot further on the gas but get with her allies finish this we are so close to. daviden double we've already spent, quickly? what is not about how much you spend is about getting with her allies so they do it too. we should not be in this alone we should be worked with our allies. but what i will tell you is none of this would have happened if i did when been aggressive from the beginning. they would have already won this war. he was slow to the take he allowed russia to surround ukraine for a whole year before anything was done about it regards the governor i'm afraid we've run out of time but we thank you very much for your time. nikki haley good to see if, for you to stay safe. >> go to nikki haley.com and join our team. david: like to all get that in every talks breaking down could soon put the brakes on your deliveries. more on the potential ups strike coming up. but first the white house fighting back after a judge slams the brakes on talking to big tech about removing postings. the attorney general leading that legal showdown is next. i'm your overly competitive