basically, the reserve bank is still concerned that demand in australia still remains too strong, the and, of course, inflation remains too high, particularly in the services sector. and we were told by the reserve bank governor, michele bullock, about two weeks ago that it doesn't expect to be able to cut interest rates in the near term, which has been interpreted as "in the next six months", or by the end of the year, so i suspect that they will leave interest rates on hold yet again given those considerations. so what does the rba want to see, then, before it considers cutting rates? and is that something it is itself working towards? well, i think the ongoing high interest rates in australia are working towards slowing the economy, which is basically what the reserve bank wants to see more of. the reserve bank wants to see ongoing weakness in demand, opening up spare capacity and taking pressure off inflation, and specifically it wants to see more evidence that underlying inflation — specifically services — is falling towards its 2—3% inflation target. later on tuesday, a senior e

basically, the reserve bank is still concerned that demand in australia still remains too strong, thend, of course, inflation remains too high, particularly in the services sector. and we were told by the reserve bank governor, michele bullock, about two weeks ago that it doesn't expect to be able to cut interest rates in the near term, which has been interpreted as "in the next six months", or by the end of the year, so i suspect that they will leave interest rates on hold yet again given those considerations. later on tuesday, a senior executive at it security firm crowdstrike will face questions from the us congress about their disastrous software update in july that caused the largest global it outage in history. it affected millions of computers running microsoft windows around the world, crashing the systems of banks and airlines. according to one estimate, the disaster cost top us firms more than $5 billion. our technology editor zoe kleinman looked at the effects of the outage. thousands of flights grounded, doctors' appointments cancelled, tv channels falling off air — the it

but the real value, one of the great values of the reserve bank system, is we get detailed reports of what's happening in the districts, which really start with the directors of the branches in the main banks who come in and talk to their -- and they talk to the staff and also to the president of the reserve bank and i think the banks just do a great job of gathering data and anecdotal information about what's going on in the district. this is enormously useful to us who are sitting in the center and don't have that range of context or that -- so i think it's quite useful. but at the end of the day we have to go on national data, although, of course, there are different things, it's a big, big country, big economy, there are parts of the country that are, you know, doing better than others. >> in your prepared remarks, you mentioned about job finding prospects. we have dana peterson here, chief economist from the conference board, the conference board had data recently showing that folks feel like it's getting harder to find a job. how do you -- does that concern you, and two, how do

the fact that the south african reserve bank joins another -- a number of other central banks globallyhave their monetary policy committee is timely for them. they were already in their meeting prior to the announcement we got from the fed. so potentially, in terms of the other central banks were looking at that could potentially join south africa in easing, we could see mozambique, kenya, and ghana, because similar to what we see here in south africa, inflation has potentially peaked and is coming down. also their currencies and have been able to stabilize in some cases actually strengthened against the dollar. the picture is different new look at countries like nigeria and angola. of course they are paying close attention to what is happening geopolitically and how that affects the revenues, from fuel, and also paying close attention to what is happening with their currencies. the expectation by most analysts is that at least in nigeria and angola, potentially we see a pause and not yet a cut, unlike what we are expecting to see here in south africa and elsewhere. tom: thank you very

paul: i want to get some lines from the reserve bank of australia governor. these are in prepared marks she's about -- or marks she's about to give in a speech, the highest priority for the rba remains bringing inflation down in key inflation drivers and austro you are housing costs, market services. restrictive policy will be needed. not a lot of change in the rhetoric -- that is not michelle bullock you are seeing, she will begin speaking shortly. the rhetoric unchanged but still very sluggish growth in australia. do you feel as if a cut is needed even though inflation is not back within the target range? eddie: if you look at the rba, they are probably the most hawkish compared with the rest of the major central bank peers. they are concerned about inflation, but if you look at the last gp growth trend, pretty sluggish numbers. we suspect the rba may ease toward the end of the year or beginning of next year, and a rate is probably out of the question. mark: you said you still believe in a soft landing in the u.s., the change in the fed cycle, the election.

i might add the latest beige book report we have 12 federal reserve district banks, nine of the 12 federalegions was flat to lower. we are going downhill and that points towards weaker jobs. liz: i want to point everyone to the futures market. that has been the story of missed revisions they came with two weeks ago. we are only down by 41 points, nasdaq is down by 60 one. down more than one% before the report it. the s&p is down 5. 5. as you know, on making money, we could make some money. these numbers could turnaround. charles: a lot of digestion that goes on, the knee-jerk reaction when bad news is bad news. when the number came out missing estimates, people thought it would be higher because of storms and other things the last jobs report underreported. obviously this shocked a lot of people. it is fading and the fed comes to the rescue and starts to take over the narrative the rest of the day. liz: you've had time to think about how you're feeling which i've given you some minutes to decide. >> you and i have had this discussion but i'm sick of this idea that badness for the economy i

a pity about the desire for money and the increase in inflation in our money, and the federal reserve bank of america is still issuing money for war. in fact, the reason. we also had one that was jointly published by the ap nork center and usafax . in this survey, 60% of americans said that the information about trump's election campaign and the words that trump says are not very consistent with reality. the reflection of this issue was seen in the debate between trump and hayat to some extent, to the point where the two candidates repeatedly they accused each other of lying, why are these numbers so high, and the american society knows the honesty of the two current candidates to such an extent in many issues that issues such as the living beast of september 11 are known to the end. elections, many of our people have very, very serious doubts about what the government tells them, and they don't really accept it. in fact, they consider it more lies than reality, that's why we see a kind of distortion and lies in the american media. as if permanently. it is given to people and institutions

. >>> and india sustained growth up 8% according to the reserve bank governor.tells cnbc there are still headwinds for rates and inflation. >> it's not so much how inflation is now. we have to look at for the next six months to one year, what is the outlook on inflation. >>> and republican nominee donald trump is safe after what the fbi is describing as an attempted assassination until americans go to the polls. >>> very good morning, everyone. i hope you had a lovely weekend. we start today's show looking at the equity session. european equities have been trading just over an hour. indeed, when you think about what's at stake this week, no doubt, all eyes are on that fed decision on wednesday. at this stage, when you think about what markets are pricing in, there's a 59% chance we are going to get a 50-basis point cut by the fed on wednesday. we shall find out. it is also a heavy week on monetary policy when you think about the bank of england meeting on thursday and the bank of japan due to make decisions on friday. when you have that background in mind, looki

another topic, we will probably periodically return to the experience of the federal reserve system of central banksneral, because you rightly noted that we discussed this with you last time, that the federal reserve system has this mandate. so that it monitors, so to speak, the labor market, or rather, economic growth, our central bank - according to, as they say, the constitution, for some reason is not allowed to do this maybe, but nevertheless, uh, if there really is an urgent need, i 'll ask you this question again, to change this mandate, well, to change the legislation in the end, you know, i think there is no such urgent need. here they are clearly divided, in fact, each country has its own peculiarities, you said correctly that the same federal reserve system is in fact an association of private banks from different states, and for us, for example, this would be strange, imagine that the presidency would gather, well, since in the us, if i broadcast to us, this presidency would gather the central bank of primorsky krai, north ossetia and these 15 people they would not all republics somehow

austan goolsbee is the president of the federal reserve bank of chicago. back to the news hour. >> thank you so much for having me. geoff: so what's clear from the data is that the job market is slowing down. what's your overall read of this report and what it says about the strength of the u.s. economy? >> the issue that we've been grappling with for a little bit now is the job market is cooling, but it was started from a level that was probably too hot. so, what we need is to get it stabilized at a steady state, full employment kind of a level and there's a couple of warning signs here that as the job markets keep cooling and if we get more months that are below what we expected, like this month, or they revised what were already disappointing months in the previous two months downward, the more we see that, the more nervous we might want to be on what's happening on the state of the economy. geoff: so, how aggressive should the fed be when it comes to cutting rates at this meeting that's scheduled for later this month? >> you know the rules. i'm not all

difficult further, because the bank not only, the central bank not only raised the rate, it also increases in every possible way the so-called reserve requirements for banks, that is, if a bank has issued a loan, then it must reserve a certain amount, so these reserve standards, the central bank is tightening them, deliberately, slowing down lending, because this is one of the factors in the fight against growth. and mikhail mikhailovich, why can't we make stricter conditions for issuing loans without raising the interest rate and thus cooling the demand for loans, and why did the central bank take such half-measures, it raised the rate and increased reserve requirements, it seems to be working in one direction, but why can't we, why half-measures, these are two related instruments, this is - one instrument is used, the second instrument, no, i understand that, but why can't we just have a requirement raise everything without raising the rate. firstly, they are from fairly large sums, that is, if you have relatively small amounts, for example, you put 2000 on deposit or even a million rubles, a decent amount for every russian citize

that's according to the federal reserve bank of saint louis.faster than in 2019. at the beginning of the year. and matter of fact, we broke down who was making more in 2023. we now have new numbers showing who made more money in the second quarter of this year, 2024. payscale is a software and data company that tracks compensation. their latest numbers show the industries that had the biggest increases in wages, so topping that list, people who work in education like teachers and trainers. there was a tie for second place. people who work for agencies and consultancies like advertisers, tied with people who work for nonprofits that tie at second place means we skip to fourth place. arts, entertainment, recreation. all one category. by the way, came in fourth. another tie at fifth place. people who work in real estate tied with those in retail and customer service. so the bottom of the list finance and insurance, healthcare, manufacturing, construction and technology, the unemployment rate is still relatively low at 4.3%, though recently adjuste

meanwhile, indian media reports that the reserve bank of the republic has recognized the feasibility of using an analogue of swift for settlements with russia. bilateral negotiations are ongoing. the countries intend to create a robust system of settlements in national currencies to reduce dependence on the dollar. it is assumed that regulators will establish a direct exchange rate without linking to the american. as a result, transactions will become cheaper, faster and more efficient, as the indian press notes, the volume of trade between our countries has increased to 65 billion dollars, in 2030 it is planned to reach the equivalent of 100 billion. the russian government ordered the sale of the main stake in metafrax at a closed auction chemicals, owned by the russian property management agency, is almost 97%. the document was published on the legal information portal. the initial price of the share will be set based on their. the event on the alienation of securities will take place within six months. last year, the prosecutor general's office proved that the mettafrax chemicals

if the bank reserve is placed , it is possible that every person can do this bank chosen reserve should change itself to pay more than 80 thousand billion tomans for marriage loans. by the end of september, 350 thousand people are still waiting for marriage loans, and many others are behind this queue. razia ranjbar of sed and sima news agency. in the name of god, salam, good morning, the second match of iran's red and blues in the elite league. asia esteghlal in qatar against 10 mirah and press police in quds, host to pakht takure. at the beginning of the second week of this competition today at 19:30, esteghlal iran, the leader of the competition, will be in jassim bin hamad shahreh stadium, facing the qatar dam. persolis is the other representative of our country in the quds city stadium, hosting pakhta kuroz and kistaneh. in this game, the red-faced players do not have omid alishah, their captain, due to artificiality. in two other games today, al-wasl of the united arab emirates will travel to saudi arabia's al-ahly and al-ansal of saudi arabia will face rayan of qatar , and club f

brazil will also publish its latest decision on wednesday and the norges bank and south african reserve bankill reveal their policy bank decisions. and the bank of japan as well. let's discuss the market discussions with neal wilson of ejf capital. good morning. >> good morning. >> first and foremost, i would like your upon the 25 or 50-basis point cut were you suppliyou surprised to new york fed official with that 50 basis points? >> bill dudley would advocate for that i think it will still be 25 because the recent cpi and ppi those prints were a little bit hot. i think the right answer and it is also an election year and that is really important to keep in mind. this fed has been behind the curve in raising rates and i suspect they'll be behind the curve as they should be bringing them down faster i'm in the 50-basis camp for what they should be doing for three reasons. credit card are above pre-covid. there is a lot of auto loans that are defaulting. the labor market is lagging indicator and we are seeing incredible degradation in that they revised the numbers over the last three months,

if anything, that might bring forward the easing narrative for the reserve bank.on the india open. the nifty is up 12 days in a row and if we have 13 today, it would be the longest streak on record and it is always -- and it is already off to a bright start. our next guest says she is confident of holding onto her india gdp growth prediction of 7% for the full fiscal year. let's bring in shweta rajani. she is the senior vice president and head of mutual funds of anand rathi wealth. thank you for joining us. how closely connected your view on india's gdp growth outlook is connected to the potential for rbi easing coming up in the next few months? shweta: i do hold onto my view of the 7% gdp growth this year. i'm not so worried about the fourth quarter. there was certain constraints given we were entering an election. capital spending went out. we have seen the industrial production going up. all sectors are performing. all of that would put the growth number on track closer to the 7% rate. in terms of a rate cut -- we would expect that around december or january. t

chicago federal reserve bank president on the implications of all of these events for the federal reservein interest rates right after this ♪ when the sawdust settles and the engine finally roars the thing you care about most is a job well done. ♪ but when you get your tools from harbor freight something about the job feels a little different - your wallet. because we believe no matter what you're working on you need high quality tools at a great price. and that's what we're all about. ♪ whatever you do, do it for less, at harbor freight. ♪ (man) these men of means with their silver spoons. what will become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash. they would descend into chaos. it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you. we've invested in our home, we've worked on it, we had a whole lot of equity just sitting there, you paid down the mortgage, invested in your home. i guess, you could say, your home owes you. if you're 62 o

>> that will be a decision for the independent reserve bank, but there are two more opportunities beforend of the at the lower rates. what is important is to make sure the fiscal policy and monetary policy are working together, and that is the bet that i can control his fiscal policy making sure we have good, effective government spending that is not leading to an overheating economy and high inflation, which is what was happening. new zealand has a fantastic future. it has got so much potential, but we have got to create the conditions for that future growth. >> does that mean you have limited fiscal space on that side? >> we have constrained ourselves with respect to operating allowances going forward to make sure we have got good fiscal consolidation of financial management in place, and we are bringing that discipline back into public service in -- and spending. we have got a lot of opportunity with regard to up grading infrastructure, embracing science and technology, innovation, getting the education system working right, making it an easy place to do business in certainly internat

and as a member of the center for indian country development leadership council at thehe federal reserve banknneapolis. serves as the chair of the native american visiting committee at dartmouth college. and i could go on and on. but i am not the speaker. he is the speaker. so we will hear from him about his experience and he will introduce mr. gover and engage in a conversation. take it away. [applause] >> thank you so much. i want to start by thanking the capitolr historical society for all together today to talk about, discuss this important anniversary. there's a lot of complexity to this. you have had an impactful and educational symposium so far i just also want to acknowledge cedar for her remarks. this kind of history is hard. it's hard to tell but there's a lot we can learn from art so very beautiful for her and her work. it's my honor to introduce secretary gover. i have known them for a little while now. and am excited about our conversation today. i think it is worth noting that we could probably spend a few days talking about native american representation pair will have about an

yeah, the fed's beige book collection of economic from the federal reserve banking district say economic activity grew slightly in just three districts. flat to the climbing in nine districts. overall, there's a dark tone to the beige book tonight. point levels were steady. there were some reports of reduced hours and shifts. lower employment through attrition. however, reports of layoffs remain rare the beige book says. wage growth was modest for the fed's inflation fighting. nonlabor input costs show slight to moderate gains. again, good inflation news but consumer spending ticked down in most districts. haven't seen that in a while. auto sales varied but there were some declines reported due specifically to higher interest rates that come with auto loans these days. manufacturing activity declined in most districts. that's consumer spending and manufacturing. most districts did report softer home sales. the economy however was expected to remain stable or improve in the coming months. first we're feeling less pressure to increase wages. greater availability of workers and you saw some

look at the purchasing manager indexes or look at the surveys from the different regional federal reserve banksears now. in terms of the broader economy there is a very strong likelihood we'll eventually back date a recession to right around this time. >> what is clear is that the jobs market is softening. jobs as well as the border will be big topics tomorrow at that debate. >> bill: certainly will. edward lawrence, nice to see you north lawn of the white house today. >> dana: fox news alert out of israel. gunman shooting and killing three israeli civilians at a key border crossing as a man crossing at the main crossing between israel and jordan. the gunman was jordanian. he sprung out of a truck, opened fire on people working on the bridge. he was shot and killed by israeli soldiers. >> look at what is happening whether it's jordan, lebanon, whether we see what is happening in gaza or what they're doing with the hostages. let's remember who is right and who is wrong. israel didn't start this. hamas started this. israel needs to end it. >> bill: urging calls for hamas to agree to hostage deal.

this is from the federal reserve bank of saint louis. it's from the fed. you don't trust the fed? black: i do not. not really so-- [laughs] donnie o'sullivan: we are at an impasse, my friend. look, i appreciate your willingness to sit down and talk to me. the kind of conspiracy theories joe is seeing every day on telegram might seem harmless, even silly, but they're not. they're corroding trust in american democracy. man (on phone): you are the scum of the earth. donnie o'sullivan: how did they go from you fact checking to you being a pedophile? alan duke: i don't know. man (on phone): i only hope you people get what's coming to you, and it will come to you. [shouting] donnie o'sullivan: they are inspiring and being used to justify violent attacks on american institutions. crowd: [chanting] geraldine roll: it never has been like this before. donnie o'sullivan: did you ever think being an election official would make you public enemy number one? geraldine roll: no. dennis jacobsen: we really do think that democracy is at stake in this election. [audio logo] [clattering] donnie o'su

reserve bank presidents can and do dissent. i think it indicates it was a close call. i think jay powell is very pers persuasive. hopefully he persuaded the other 11 -- other ten voters to support the 50. >> how far and fast do they go from here? let's not talk about next year. let's talk about -- let's fixate on the rest of 2024. what do you think happens? >> i think it's pretty finally balanced. certainly given the robust economic numbers today that we saw that reinforces, you know, the case that they laid out through the projections, which is a 25-basis-point cut in november and december for a total of 50 more. you know, on the other hand, the communication from the committee governor, waller, chair powell, president goolsbee and others has indicated they're really looking at the labor market and i do sense that if we got any softening in the labor market data, in particular, say, two or three-tenths rise in the unemployment rate they would probably be inclined to go 50 again. so, right now i think we shifted from a fed looking exclusively at the inflation data to a

geoff: austan goolsbee is the president of the reserve bank of chicago.ith us. ♪ amna: it is back to school season and last night we brought you a report on israeli children displaced from their homes and schools by the war and violence. but in gaza, 620 5000 children have no school to return to at all. most of gaza's i've hundred 60 schools ve been damaged or destroyed and more than half been -- have been directly hit by israeli forces. nick schifrin reports with our producer in gaza, the few remaining schools are now shelters for the displaced. reporter: in central gaza, a classroom is a tent. and the students displaced children of war. proud to contribute, eager to learn in class rather than from the conflict they have been forced to endure. >> we are trying to relate -- we are trying to provide relief for children through education and play. reporter: he is a net -- he is an elementary school teacher, himself displaced. >> as educators, we are trying to help students remember what they have learned and at the same time try to relieve them from the pre

the purchasing manager indexes or you look at the surveys from the different regional federal reserve banks sector has been declining literally for two years now. in terms of the broader economy though, i think there's a very strong likelihood we're eventually going to back-data recession to right around this time. reporter: now what is clear is that the job market is softening jobs as well as the border will likely come up in that debate tomorrow night. back to you. stuart: edward thank you very much indeed. steve forbes joining me in new york city. there are 8 million migrants here in america. what do you do with them? once t they're here do you suppt them or let them work? >> supporting them means give them credit cards and the like so what you do is you hire more personnel to get these applications adjudicated quickly, and the thing they also have to do is security. aurora should not have happened. trump is right. send in the national guard. guard these hotels, but get these applications processed. stop the incoming number of workers, and if you want to get a job, you have to register,

brought out the money bazooka by announcing a plan to trim interest rates, lower the amount of reserves banks have to hold and cut rates on existing mortgages by half a percentage point. they are desperate to stimulate a flagging economy. shanghai composite overnight up 4%, same within shenzhen composite. and suddenly you want to talk about action-reaction, copper prices skyrocketed to the 10-week high. markets anticipating stimulus will rejuvenate china's building and real estate sector and then, of course, reaction that spills over the copper miners. copper miner or freeport-mcmoran coming along for the ride gaining 8% at the moment. it is at the very temperature of the s&p right now. so let's bring it back to the surprising september market performance this is the month that's known sort of as the stock market's junkyard dog, one that most years has left legions of investors bloodied with losses. so let's get right to the floor show to interpret what this means for the rest of the year, the chinese knew news -- china news. joining me now, phil camp rely and jason katz. phil, charles just s

and as a member of the senate for indian country developments leadership council at the federal reserve bank of minneapolis. he serves as the chair of the native american visiting committee at dartmouth college, and i could go on and on, , buti am not the speaker. he is the speaker. so we will hear from him about his experience, and he will introduce kevin gover and engage in a conversation. take it away. [applause] >> great, thank you so much. i want to stop by thanking the capitol historical society for bringing us all together today to kind of talk about, discuss thiser important anniversary. there's a lot of complexity to candidates like this, and so i hope you had an impactful and educational symposium so far. f. i also just want to acknowledge and thank cedar for her art and for her remarks. you know, i think this kind of history is hard, right. and it's hard to tell, but i think there's a lot we can learn art. right. and so very grateful for her, for her work. it's my honor to introduce secretary grover. i've known for a little while now and excited about our conversation today. i thi

significant international financial assistance, we have... significant gold and foreign reserves of the national bankukraine, which is a financial cushion for the ukrainian hryvnia, and, well, according to forecasts, for example, the nbu at the end of the year guarantees of bevres are gold and currency reserves the national bank will have more than 42 billion dollars there, this is a large figure, but in general, if we are talking about exchange rates, it is clear that... we need to talk about the economy, that is, the economy, well, if we are talking about this year according to the forecasts of the national bank will grow by 3.6%. if we are talking about inflation, i.e. inflation due to rising prices, then in the first half of the year we had very low inflation there, within the range of up to 5%. now the inflation trend is predicted to turn upward, and according to the forecasts of the national bank at the end of the year, inflation somewhere it will be a little more than 8% in the next one as well. next year, the inflation trend will turn around and by the end of next year, according to the forec

pity for the desire for money and the increase in inflation in our money, and the federal reserve , the central bank of the united states of america , is still issuing bridges for war, in fact, there is a reason for this behavior, they no longer have any faith in the system, very well. a comment recently. we also had a survey that was jointly published by ap nork center and usafax. in this survey, 60 percent of americans said that the information about trump's election campaign and the words that trump says are not very close to reality. that number is 60. the percentage for being completely greedy in american society is 45 , that is, 45 americans believe. the words of haris and his campaign have nothing to do with reality. the reflection of this issue was seen in the debate between trump and haris to the extent that the two candidates repeatedly accused each other of lying. the flow of existence is so hesitant and divided. in fact, the regime that these media have set up in this society is a system that regularly and regularly sets up a kind of anti-trump fodder for the american society. they know,

suggests that the european central bank had a very different tactic versus the bank of england and the us federal reserveat does it tell about their thinking and whether their caution has paid off? i whether their caution has paid off? ~' . ., . , whether their caution has paid off? ~ _, ., , ., off? i think contrary to the uk and the us, — off? i think contrary to the uk and the us, the _ off? i think contrary to the uk and the us, the eurozone - off? i think contrary to the uk and the us, the eurozone is i and the us, the eurozone is facing different economic backgrounds. the eurozone has been slowing down more aggressively than the us, contrary to the uk, where the economy is recovering. the ecb is facing different economic challenges. but inflation has been more controlled in the eurozone since 2022, and therefore they didn't hike as much as the fed or the bank of england, therefore they need to be more gradual in the rate cut have to permit in the coming months. ., . ~' have to permit in the coming months. ., ., ~ ., months. you talked about the different pressures _ months. you talked about the dif

earlier in the week we had seen the chinese central banks pullback the reserve requirements for banks. on the monetary and fiscal side, it was a stimulus that investors had been not seeing all year. that is why you had seen those stock market losses all year. now when you look at the csi 300, the mainland shares have erased all of the losses for the year. it has all-around been investors reacting to the macro news. now, it seems like there is a momentum trade as the quant hedge funds were short get kicked out. that chart speaks for itself about the momentum. we will have to see if it continues. there have been some surprise rallies that don't always hold up and the markets are off next week for the holiday. caroline: great context. also context, retail investors are interesting in the chinese space. emily: they have been crushed going back to the flows. the ticker for the blackrock china etf, we have seen flows into and often the flows follow the performance. people see these big rallies and then they flow in and miss the top of the trade. we have seen this happen in this particular e

in monetary terms, the reserves are estimated at 384 billion rubles. this was reported by the central bankperts explain the growth by seasonality. the peak of deliveries of precious metals occurs in september. earlier it became known that russia's gold reserves reached a new maximum in august. minerals were in great demand. the ministry of industry and trade allowed parallel import of spare parts for kia and hyundai cars. the ministry explained that there are a significant number of these cars on the russian market, and they need components. in june, the government decided to extend parallel imports for the twenty-fifth year, as first deputy prime minister denis manturov stated, the list of such products will be gradually reduced. and oil production in russia fell by 29 per month . in august, a total of 9.59 thousand were extracted daily barrels. this is data from the opec report. oil production plans, taking into account voluntary cuts, were exceeded by 81. barrels per day. russia plans to compensate for these volumes in october, november of this year and from march to september of next y

dollars in additional liquidity because they are simply cutting the reserves, let me set the stage banksing to feel or have liquidity relax and they're going to cut the reserves needed on failing banks it does not make any sense, then they're talking about issuing special sovereign bonds, that will be another 2 trillion which is basically 284 billion were looking at a package of almost 5500 is not under 500 billion bt about 400 billion, this is what they're saying they need to re-stimulate this economy. maria: look the shanghai composite had the best week since 2008 this week. i spoke with mark newton yesterday from fund strap, technician at fund strap and he said i think the chinese stocks will rally that this will be short-lived, we talked about china on the national security angle and that's really the perspective to look at communist china but investors are wanting to make a quick buck are piling into the chinese stocks because of the stimulus not realizing or not caring about the fact that we don't know where the money is in the profits and if the chinese communist party is subsidiz

with the bank of japan's decision wrapping up 36 hours of data and central-bank bonanza this week starting with the federal reserve also have the bank of england , no rate change expected. we will watch to see if it accelerates the wind down of its bond portfolio but the focus will be on the federal reserve. here is what some of -- here is what some of our guests have to say about the upcoming decision. >> my view is that they will go dovish and 25 basis points which we think will lead to volatility. >> there is no need to rush when it comes to an outsized basis point cup. it does -- it does tell us that 25 basis points is more appropriate at this stage. >> first we had the cpi data giving us an indication that inflation is coming to target. this is important to understand. the market is quite divided. we see a division because 50 is not in the data at the moment. it doesn't give much room. the data is strong. avril: as you hear from some of our guests that 50,000 seem to be in the data. for more let's bring in mary nichola for further analysis. markets were jumping on friday though there wasn't any data to move t

12 people from all over the country, appointed by various presidents, by various local federal reserve banks. it is not jay powell's decision. you had an 11-1 decision yesterday in favor of cutting rates. this is the fed doing its job, not the fed playing politics. >> as always, donald trump suggesting something that doesn't cut his way, perhaps, there must be something corrupt or fishy going on, injecting that poison into the economy. >>> quickly, something else he said before suggesting something was up with this, this was a sign that the economy is not doing well. what's the truth about that? >> the job situation has been slowing down a bit. unemployment is up to about 4.3% or thereabouts. that's still a pretty low number. the economy is slowing, but it is still positive. the fed also projected, and the numbers are showing, gdp growth of around 2%. it's not a barn on fire but it's not terrible. it's a very steady, solid growth rate. obviously, it is hard to predict the economy. but it does not suggest the economy is in deep trouble. recession predictions have been coming down, down, down.

bank announced that updating the loan registration system. good marriage conditions for shaban rosi registration and reservation of the desired bank provided by the applicants. according to the statistics of the general director of social development of the ministry of sports and youth, 326 thousand people are waiting for a marriage loan. 66 thousand tons of livestock corn were cleared from warehouses of ports and sent to other parts of the country with a judicial order. according to d, it belongs to the livestock affairs support company , which has not received clearance due to the debt to the general directorate of ports. iran's non-fat trade with the member countries of the organization of islamic cooperation increased by 14% to 32.200 billion in the first half of this year. dollar receipt. according to the customs report, in the first six months of this year, the share of non-fatty exports. with 57 members of the organization of islamic cooperation , it was 15 billion and 600 million dollars, which increased by 10% compared to the same period last year. the return of the bodies of 98 newly discussed martyrs of the holy defense from shalam

the central banks of the world, little by little, they are doing this now, the trend is already underway, they begin to get rid of from dollars or from the majority of dollars in their reservesn the twenty-second year they bought 400 tons of gold, yes, this is a trend, it exists today, central banks are quietly slowly switching more to gold, we see it growing, growing , diversifying its own perfectly. well, even the volume of dollar mass in central bank reserves has decreased over 8 years from 65 to 59%, this is very serious, and this is a trend, so look, while it is 59, well, 59, the americans are not sleeping either, they understand this, they will do everything in their power counteract, you know, i like the old joke that goes like this, if you 're running away from a bear, what's the most important thing, don't run last? as they say, overtake your friend, absolutely right, so, and if something trips you up at the right moment, well, to make it easier to run, you know, i like the feeling when you come to russia, that there, after all, when the conversation about calculations is in rubles, yes, little by little , it changes, really russians, moreover, you know, i'll contin

their rate, seven days ago, we saw the european central bank reduce their interest rates, we saw a few hours ago in america, the federal reservefirst time they have made a cut in four years. that's an expectation the bank of england will hold it for another six weeks. ijust another six weeks. i just want to show viewers of this graphic which shows the relationship between inflation and bank of england interest rates. we have seen interest rates. we have seen interest rates rise over the last few years, holding steady as well. and inflation falling over that period. talk us through the relationship between inflation and the bank of england interest rates? what the bank of england is trying to do by raising or reducing interest rates is to calm down inflation, keep a—level on prices we pay for everything. when we see inflation rising as we have done globally over the last couple of years, we have seen huge spikes in prices, the central banks have decided to act on that by increasing interest rates, making it more expensive for people to borrow money, for businesses to borrow, and encouraging people to save more, effectively gett

the central banks of the world, little by little, they are doing this now, the trend is already underway, they begin to get rid of dollars or from the majority of dollars in their reserves buy currency, in 2022 they bought 400 tons of gold, right? this is a trend, it exists today, central banks are quietly, little by little switching to gold, we see it growing, growing beautifully, diversifying its investments, well, even the volume of dollar mass in central bank reserves has decreased over 8 years from 65 to 59%, this is very serious, and this is a trend, so look, while it is 59, well 59, the americans are not sleeping either, they understand this, they will be in... if you run away from bear, what is most important, do not run to the last, as they say, overtake your friend, yes, absolutely right, so, and if something happens to you, put your foot down at the right moment, well , to make it easier to run, you know, i like the feeling when you come to russia, that there , after all, when the conversation about calculations is in rubles, yes, little by little the psychology is changing, russia on the stock exchange arose, came from abroad and the size of these accounts,

committee of 12 people from all of the country appointed by various presidents and local federal reserve banks is the fed doing its job, not the fed playing politics. >> as always, donald trump suggesting something that does not cut his way so there must be something corrupt or fishy going on and injecting that poison into the economy. and something else he said before he suggested something was up with this was that it's a sign, the rate cut of a half a point, that the economy is not doing well. what is the truth about that? >> the jobs situation has been slowing down a bit. unemployment is up to 4.3%, or thereabouts, but that's still a pretty low number. the economy is slowing slightly but is still positive. the fed also projected and the numbers are showing gdp growth of around 2%. it's not a barn on fire but it's not terrible. that's a steady, solid growth rate. obviously it's hard to predict the economy. but it does not suggest the economy is in deep trouble. as i said, recession predictions have been coming down. >>> still ahead. in his best-selling book, on tierney, author timothy snyde

is reflecting what is happening in mainland china so the people's bank of china has announced it is cutting its interest rates, the reservechina and they announced a raft of measures to boost growth, so a lot of activity in china today in hong kong over 3% on the announcements from china let's look at the next board so you can see what is going on and you can see a positive end to the day for most of the main markets on wall street which is encouraging co—so to say, about china, a key policy interest rate but also introducing measures to try and boost the housing sector in china and other measures to boost growth in the world's second economy and markets much higher on that news in mainland china and hong kong. that's all from business today and if you're watching bbc one you can join breakfast at the top of the hour and if you are watching around the world, stay with us, because i will be back in a few minutes. hello. we have seen a lot of extreme rainfall over the last couple of days. woburn in bedfordshire had 102mm of rain recorded on sunday. but on monday, it was really 0xfordshire's turn to see some absolutely horre

reserves continue to grow. according to the national bank, international reserve assets increased by 165 in august million dollars of september 1, their size reached almost 8.7 billion dollars. the key reason is the rise in gold prices. in belarus , over one and a half million tons of peat have been mined since the beginning of the year. the ministry of energy's forecast for the year is about 2 million. peat products are sold not only on the domestic market, but are also supplied to 18 countries of the near and far abroad. over 7 months, peat products worth more than 6 million dollars have been exported. the eurozone's gross domestic product grew by only 2% in the second quarter compared to the previous three months. this is data from the statistical office of the european union. the gdp of germany, the largest economy in the region , fell by 10% quarter-on-quarter. let us recall that belarus' gdp grew by 5% over the first 6 months compared to the same period last year. ecotourism in belarus is not slowing down. according to the ministry of sports and tourism, the export of this type of recreation in 2023 amounte

from gaza to to the northern front and over here in the west bank we can see and more many analysis have pointed out that the use of reserve soldiers over here in the... bank have increased significantly as as the regime is not being able to keep up with all of these open open front, but at the same time does not want to let go the the the grip around here in into the palestinian cities, especially we are talking about the northern cities, we are talking about genine, nablis and tubas where the main military pressure has been has been concentrated for. the last 11 months since the beginning of the genocidal war and even before that these cities have been systematically under military pressure and under military raids and operations since the year 2020, 2020, these cities have witnessed more than three major military operations, 2020, 2021, 2022 and recently last month during this war. where the concentration on these cities is being put bec due to the presence of the resistance groups inside these cities so this these these information have reflected itself on the ground as yes there has been a little b down from from putt

ratio, the amount the banks are required to keep in reserve. they would cut short-term rates andm the expectation is the immeme medium-term rates would follow. this is all to get banks lending more and companies expanding more. the second bucket is with the troubled property sector. they said they would guide rates lower by 50 basis points for mortgages. it effectively allows people to refinance their homes. the second point is they were going to cut the minimum down payment for the second home that one might have from 25% to 15% and also expand a lending facility so it makes it easier for companies to be able to buy unsold homes. the point of that is to get more sales, of course, going, but also to put more money in the pockets of households. finally, the third bucket is to boost market sentiment by offering a swap facility that allows insurers and brokerages to buy more stock. frank, the overall sentiment is good, and it helps, but not enough in terms of fiscal stimulus. >> eunice, it is interesting you say this. i'm reading a lot with chinese

bank not utility of these b. c, libya is a very wealthy country and has been because it produces 1400000 barrels of oil a day. and you know, the reserves of the libyan central bank. so that again, state are over $80000000000.00. it generates about 20 between $20.00 and $25000000000.00 of oil revenues a year. so these are the big numbers compared to other neighboring states. and as he said that it's a, it's a very small population. the problem is that over the years they have being repeated accusations of mismanagement of funds and basil mat or the. 1 a former you and then boy sold outright. predation of state results is so you have state officials that are actually using depositions of power to tap into these oil revenues. think the even more of the product then given a lot. um, what is interesting to me is that given you companies to rival institutions to rival governments, there was only one central bank. that seems to be the only institution that is common. i'm not seems to be why we have this really big problem right now. well, the, let's say that the central bank is normally unified, even though defective. it isn't only for the pa

being threatened by um, groups and banking services interrupted libya has to rival governments which are full for power influence and control of its vast old reserves for more than a decade. this week, the internationally recognized government in the west replaced the central bank governor the administration in the east which operates most of the oil fields, objected and halted production. the national corporation reported losses of more than a $120000000.00 and just 3 days. so how will this like dispute affect the economy and is it taking live. busy closer to civil war, once again, we'll explore all these issues with our panel of guests who joined us in a moment. but 1st this report from katya lucas hardy on security forces stand guard outside libya, central bank and triple lee. rival factions are locked in a power struggle over who controls the institution and the countries oil revenue. the banks have suspended operations and people can't access their caps. we don't mind that old banking procedures for tend to normal as far as the political problems and the competition over the leadership of the central bank. they should resolve these among thems

sheets required that we have a monetary base growth policy in the banking market so that the banks' need for reserves is actually met. unfortunately, we did not witness the active policy of the central bank in the banking market, the necessary result of this was actually the overdraft of the banking network from the central bank, while we in all the countries of the world , such as germany, japan, which is applying quantitative control, always follow this policy. to do with development policies and credit management policies so that they can actually cover the gap that is created in the field of financing , the solution that you have in addition to the institutional space and in fact the infrastructure of financing in our country. it was not properly adjusted. god it raises the gap between the institution and the financing institutions such as banks. the necessary result of this was that the banks did not want to provide financing for the factories. well, one of the necessary results was that we witnessed the outsourcing phenomenon. in fact, many big companies that could easily be financed , they cou