they have to continue with the accommodative policies.ove a little bit of stimulus like the ecb is planning to do. matt: the judge's speech was almost as anti-climatic as of the mcgregor-mayweather fight. when do you think will get details on the taper? carsten: september. i think there will be the start, the next ecb meeting. seven september will be the next ecb meeting. i expect for them to give the typical hence. anna: carsten, we'll look for that. i knew matt miller would get in before the end of the program. matt miller stays with you. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. manus: you are watching bloomberg markets, this is the european open. first-rate of the day and the first type of the week. but it is closed for

that means that 100 20 to 25, we are accommodative, but not quite as accommodative as people would thinke structural forces in the economy creating a muting effect on inflation so i think we should be removing accommodation and it should be done gradually and patiently. i think we look forward to do it gradually and patiently which is all i have been advocating. i want to be patient and see how these forces unfold regarding inflation and i think we can afford to be patient. and does not mean we might not raise it one more time this year but i would like to see more data that we are making progress on our inflation mandate. i think we have the ability to do that. michael: if inflation stays above where it is, does that roll out december for you? >> i still believe that the cyclical forces, as we are removing slack from the labor force, more people employed, we are creating some wage pressure. we are likely to great some lag with price pressure, not the way we have seen historically. i do not think it will be as binary as inflation is moving, i think inflationary pressures are moving, i ju

we are still accommodative.re we are, all things being equal, and i think that the performance of the economy is consistent with that view. ♪ ♪ julie: this is "bloomberg best," i'm julie hyman. earnings season is winding down, but investors still have plenty of quarterly results to chew on this week including from the , commodity sector. bhp billiton shared some important news. >> bhp billiton reporting a miss on underlying profit, coming in at $6.7 billion, and a dividend of 83 cents per share. the headline grabber though, was the company's plan to sell its u.s. shale unit. haidi: what is your preferred strategy to make a clean exit? >> for now our prepared strategy is to make a small number of trade sales. we are keeping other options so that we can proceed with a reasonable amount of pace, but for now, we think a trade sale would work best. haidi: how quickly are you planning to complete an exit? andrew: i think it is too hard to say that. we have to be patient, we know what our businesses are worth. we will

we had a big naacp dance, black people not being allowed accommodation this, blue it up. everybody and his brother suited up and we had a wonderful time, they made money and the naacp made money and we kept on moving, going one to the other and began to be pretty successful but we were not getting the accommodation we wanted, that is how i got involved. right down to what some people told me. got something going up, you are not going to get anywhere doing that. you want to get on the other side of the fence you have to calm down and i got that from whites and blacks so i had to change my attitude because i really realized on the other side of the bench, you can bring up the issues that are humane and permanent and important to all of us but you got to calm down. you take a blow and realize you keep on pushing and so by the time in my 60s, in the hilltop area. i decided to run and 69, the council got so bad, the city of tacoma recall the majority of them in a vote, i was part of that group. now we have five openings and i am going to be one of them. no question in my mind,

. >> i think we should be removing accommodation. julie: plus, a roundup of the week's most intriguing earnings reports. >> we have to be patient. julie: it is all straight ahead on "bloomberg best." ♪ ♪ hello and welcome. i'm julie hyman. ," your "bloomberg best weekly roundup of all business news and analysis from bloomberg television around the world. let's start with a day by day look at the major headlines. a major dealn with by a pair of european energy companies. another sign of m&a activity in the energy sector, france's maersk's oil unit. was the right suitor for that company, we were told. >> we looked at the various options, anything from ipo and other possibilities for selling the business to other parties, and it came down to the fact k wasthe offer from maers most attractive from a value point of view and in terms of developing the business. >> total's view this morning in a conference call emphasized the fact that they were acquiring very good operational expertise. this is something you don't just get like that, unles

jonathan: martin, for investors, how have you been prepared for the removal of accommodation in europehen central bank activity has been so big the last few years and you've seen what happens to markets in your, tighter spreads and creditors driven higher and yield compressed. how have you prepared for the removal of that stuff? martin: that's a great question and wouldn't say it's specific to europe. i think it should be applied globally where you have the fed with the balance sheet and the b.o.j. continuing to manipulate rates between plus 10 and minus 10 in the 10-year space and the impact it's had globally by taking yield and duration out of the market is catastrophic where you had this grab for yield where the lack of availability of assets in europe has bled into demand for u.s. assets and the same can be said for japan leading to global demand. the way to prepare for it is obviously we hang on every word the central bankers say and they've been manipulating rates and currency markets via interest rates the last few years. and they learned to lessen during the temper tantrum you

gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. >> how do you exit in a careful way where you don't signal too much you're exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jack hole go carefully forward. >> the economy there is more fragile than the u.s. from a structural perspective so i think the draghi comments will have much more information content at this stage. >> the e.c. wants to always say, we're always going to say nothing and leave our options open but the market will hear what it wants to hear. and it's kind of backing off a little bit on the idea that he's going to say something. but it could always interpt what he says in a more hawkish tune. we'll have to wait and see what he says. jonathan: let's get out to jackson hole, wyoming and bring in alessandra. what are the questions we're looking to answers to when we get the speech from mario draghi. >> well, what everyone would want to hear from draghi i

the 88 requires employers have reasonable accommodations. i have seen the same thing you are addressing which is employers looking, including disability together with dealing with affirmative action, or other programs to increase women , people of color in their jobs and professions. there is hope there, but it is still a major problem we have in our society. >> i think a key opportunity -- when i think about the college , one of the things i think is powerfully comes out of particularly the work of judy , human and curtis richards who really laid the groundwork for state-level youth leadership forums. they are weak walk advocacy camps. i think it is in roughly 30 states. powerfule parable -- things that happens is that take place on a college campus. some of these kids have never slept over a night at their friend's house. it puts them in a college dorm for a week. to watch the changing of expectations for those young people, from monday to friday, from what do you mean my mom will not be here with me for the next five days, to at the end o

we accommodate the full spectrum of people along that. these reports really provided that heft, vigor, the basis for what would become the idea. ada.at would become the another report came about in 1988 that was interesting. it was a response to the aids epidemic. there was a report that was done, admiral james was in part -- was in charge of it. it had 400 recommendations, 10 chief recommendations, and one of them was that there needed to be a law to protect people that were hiv-positive. that needed to protect their life and privacy, but also to stop discrimination against them. the report said, the civil rights bill should not just single out people with hiv, issue be comprehensive and deal with all people with disabilities. another thing in 1988, we had a presidential election. i guess my message is, one should not underestimate the power of a promise made in a campaign. you may remember in 1988, then vice president george h.w. bush was running for president. he was attempting to establish his own credentials and to separate himself f

the arrangements have been made so they can accommodate us arrangements have been made so they can accommodatean accommodate us in a week. they seem to be welcoming us. it seems like an organised situation. he has been described as the best racing driver of his generation. poland's robert kubica has been described as the finest racing driver of his generation. he was certainly among the fastest in formula one until one horrific accident in 2011 looked certain to end his career. his arm was severely injured in a rally crash but he's fought back. earlier this year he drove an old formula one car. tomorrow he'll get behind the wheel of a current renault in a test in hungary to see if he's got what it takes to return to the sport. a renault formula 1 car approaching 200 mph. imagine driving it. then imagine driving it without the full use of one of your arms. so nice to see you. robert kubica is in hungary to find out if he truly can. his injuries are there to see and restrict him to this day. injuries are there to see and restrict him to this daylj injuries are there to see and restrict him to th

you cannot unite the country when there are people on your team who want to accommodate groups that are everything they can to divide this country. i don't know if they need to be fired. maybe they need to be marginalized or maybe the president needs to start taking advice from the right people and there are a lot of good people in that white house. he ought to listen to them. >> congressman curbelo, thank you for your time tonight. >> thank you and have a good night. >>> next, we're learning more about the man accused of plowing into a charlottesville crowd with his car. long-held views about hitler and nazis, should that have set off alarm bells before? >>> we lost three lives this weekend. i have -- i certainly have regrets. people confuse nice and kind but they're different. it's nice to remove artificial ingredients. kind never had to. we choose real ingredients like almonds, peanuts and a drizzle of dark chocolate. give kind a try. ♪ heri think i might burst..... totally immersed weekenders. whatever kind of weekender you are, there's a hilton for you. book your weekend break dire

they were accommodative, but not as accommodative as people think.omy. we should be gradually and patiently -- and i think we can afford to do this gradually and patiently and that's all i have been advocated -- all i have been advocating. i think we can afford to be patient. that does not mean we might not raise one more time this year, -- i like to see one more would like to see more data we are making progress. staysl: if inflation where it is, does that rule out december for you? >> i don't want to prejudge it. as we remove slack from the labor force, we are creating some wage pressure. we will have some price pressure. not the way we would have seen historically. i think inflation pressures are moving. i think they are moving gradually and i think the red move accommodation gradually and patiently. michael: do you think with the current level of interest rates there's any danger to the economy that the fed could slow things down? if you leave rates where they are, is that going to help bring inflation? the key that you are talking about is are w

accommodates the nature of those relationships.here is no reason a form of government cannot accommodate that as well. we want to have a reconciliation these process. we will have them come to some conclusion about how they want accommodate themselves. that is a strategy before i take any questions, i want to make one comment that north korea. out thatt has worked we have had no missile launches or provocative acts for the part of north korea since the unanimous decision of the one security option. i want to take note of that, i want to acknowledge it. i am pleased to see that the regime and the pyongyang has demonstrated some restraint that we have seen in the past. ofope this is the beginning this signal that we have been looking for that they were ready to be restrained their level of retention and ready to restrain the provocative acts. and perhaps we are seeing a pathway in the near future to having some dialogue. we need to see more on their part but i want to it knowledge the steps they have taken. that is important. i'm hap

months to find a suitable accommodation.months to find a suitable accommodation. others may be need long—term care and that sort of provision is what is lacking at the moment. many of the delayed discharges because of that and there are many recommendations within the report. identifying the appropriate problem, then an issue about funding, who is paying for it. if you have two or three players within the funding, it becomes more complicated. this is because different parts of the system and not communicating with each other and being efficient enough? is it just a matter of money, pitting more funding into the system? firstly, there's an issue with regard to rehabilitation. we need more long—term care, not in a hospital setting. the provision for that is insufficient, so that is a need to look at that. the other one is about people working together. we have the system is joined up, people working together. we have the system isjoined up, things to move faster. we are things are notjoined up, we have a lot of panels applying

i think for some time we have to accommodative monetary policy. yes, we are carefully watching how the federal reserve and ecb are doing. our monetary policy is for the japanese economy. since our inflation rate is still far below the target, whatever the ecb or the federal reserve do in coming months, we bye to address the situation our monetary policy. francine: that was haruhiko kuroda, the bank of japan governor. let's get more with izumi devalier. she joins us now from tokyo. great to have you on the program. thanks for coming in. governor kuroda putting in simple terms, japan can't really keep up with the current growth rate and he will stay a cognitive for a long time. what is your concern when it comes to japan? izumi: similar to the points that kuroda was making, he also pushed back against this notion that recent second-quarter gdp growth in japan was near 4% annualized, very strong, but as the central bank stressed, this pickup in growth momentum hasn't been accompanied by price pressures. passedes haven't yet that through to resale pri

instead of 4:00 to accommodate the work. bart says 2400 riders travel in that hour and the agency is looking at mitigation, public out reach, things like bus bridges but specifics haven't been determined and riders we spoke with questioned how it would affect their commute. >> unless they change the bus system, running bart that late would jeopardize me getting into work on time. >> reporter: now we're told that this idea was actually brought up in a subcommittee, so still in the discussion phase and no decision just yet. reporting live in pittsburgh, christie smith. >> thank you. 4:00 a.m. possibly to 5:00 a.m. for the early stations. >>> let get a check of the forecast now. another beautiful day. >> so nice. with temperatures warming up, really wasn't that uncomfortable throughout the region and we're looking at things warming up for tomorrow but again, great news, no 100s back in the mix. we'll get a preview of that at the bottom of the screen. right now take your eyes to mount diablo. dry air and humidity 39% but drop do

they have been accommodative. one of the problems that we fell into was, there was an implicit counting on libya to say it was a failed state, and to stay at 500,000 barrels per day, not one million barrels per day. on nigeria to be a quasi-failed state. they need to be part of the agreement for this to work. vonnie: can i get a price target from you? guest: i will use a range. i'd say mid 40's to mid 50's. it will be volatile. i think it will get better as we get into the fourth quarter, after some testing in the third quarter. vonnie: tom, we will have to leave it there. partners chairman. let's check in on the first word news. state rexcretary of tillerson -- held a weekend phone call. the trip to the regional summit were among the topics discussed. the united nations security council has unanimously approved new sanctions on north korea over the ballistic and nuclear missile programs. responded angrily promising to strengthen its arsenal and threatening revenge. china and vietnam are at odds over the disputed

there is no reason their former government cannot accommodate that as well. so we went to accommodate a reconciliation peace process and we will facilitate them coming howome can -- conclusion of they want to govern themselves. before i take questions, want to make one comment on north korea. i think it is worth noting that we have had no missile launches or provocative action on the part of north korea since the unanimous adoption of the un security council resolution. i want to take note of that. i want to acknowledge that. the pleased to see that regime in pyongyang has certainly demonstrated some level of restraint with not seen in the past. we hope this is the beginning of the signal we are looking for that they are ready to restrain and ready to restrain their provocative action and perhaps we are seeing a pathway to having some dialogue. we need to see more. i want to acknowledge the steps they have taken thus far. it is important to take note of that. with that, i will take your questions. >> i will be really brief. it seems like to meet with a no-nat

jonathan: martin, for investors, how have you prepared for the removal of accommodation in europe when central bank

it is to do with the quality of accommodation.y accommodation at the moment. it is the kind of, do they wa nt to moment. it is the kind of, do they want to move out of the area question. it hasn't been handled well by the council. which is why they have relinquished their responsibility to do with it. but it isa responsibility to do with it. but it is a difficult time for anybody to live through all of that. let's move on to the financial times. the eurozone growth accelerate after populist electoral threat receipts. we are not sure if it is an acceleration. in august acceleration. in august acceleration. the eurozone expansion is at 2.1%. britain is atjust 2%. it isa is at 2.1%. britain is atjust 2%. it is a tiny advance. somebody said there is increasing evidence of a diversion. that makes the headlines real. the populist threat has receded. le pen, all of these guys did not break through. but we still have poland and hungary unwinding the constitutional protections in europe. it probably hasn't reseeded entirely. are they tryin

you are clearly staying in other accommodation, what happened? yes, thank you for having us on.very graciously being hosted by friends, but the ordeal that we went through this morning between 7am, when we started seeing water rushing into the griedge at daybreak, then deciding to leave, by ten o'clock, it started rolling into the house. we scrambled to get the kids up and get them out —— garage. itjumped about five feet in a very short time. i have three children and my wife. we had to double back home, a could not venture out in five feet of water, it was just not an option. we have been looking at some photographs from your house, utter devastation. the water very quickly rose, how are you feeling that you can't get home? i can't even tell you. i know i should be grateful that ourfamily you. i know i should be grateful that our family has been saved, but not knowing whether we will have a house to go back to tomorrow, it is just devastating. it is not only us, it is our entire neighbourhood of 200 people. nobody knows if they have a house to go back to. we are hearing this fr

how long does it take to get permanent accommodation?uation. when you're writing of 18 months of your life just concentrate slowly and trying to find. —— when you're writing off 18 months of your life just concentrate solely on trying to find accommodation. a project like this where they are going to going to build ten houses and help 20 people give them that permanent accommodation for up to 18 months, which is the length of time that you are going to wait for accommodation, how would that impact on your life being able to live there? well, it helps and it gives us a stable base. something to aspire to, you can have folks over, you can have a normal life and start to rebuild your only. — — own life. because you have a fixed place to stay. it's amazing how security lifts the spirit. i think we take for granted that when we do have housing how much security we have that. the man hoping to give people some security isjosh littlejohn. he started social bite, a cafe chain aimed at helping the homeless notjust by donating to the book by emplo

there is no reason their former government cannot accommodate that as well. we want to facilitate a reconciliation and peace process. that is really the essence of the strategy and before taking i want to make one comment on north korea. i think it is worth noting, we have had no missile launches or provocative ask on the part of -- or provocative actions on the part of north korea since the u.s. security council resolution. i want to take note of that and it knowledge it. -- and acknowledge it. i am pleased to see that the regime in john yang has -- in pyongyang has demonstrated restraint. the signal wes have been looking for -- that they are ready to restrain provocative acts. and perhaps we are seeing a pathway in the near future to having some dialogue. we need to see more on their part but i want to it knowledge the steps they have taken. that is important. i'm happy to take questions. >> please keep your question short. >> thanks. noseems to me that, with the nationbuilding concept laid out last night, that the main difference other than the timetable p

in terms of accommodation placements for people. accommodation placements for people. delays around assessmenteople returning back into hospital. hospital. actually better and more suitable alternatives. alternatives. availability of the appropriate supported accommodation. supported accommodation. meantime considering they are there to be helped ? meantime considering they are there to be helped? to be helped? that has a big impact for families and carers. tell me how it works for you. you. and decide whether or not it is safe for them to leave hospital? yeah. in a hospital when they are medically fit? medically fit? it counsels, other parts of the nhs, how does this happen? how does this happen? suppose that needs development in terms of integration of services. terms of integration of services. certainly there is a divide between health and social care. health and social care. placements for people are jointly funded. funded. other professions trying to identify appropriate placements for people. appropriate placements for people. suppose it is finding the right placement for the right pers

this woman has bipolar disorder and was placed in mixed accommodation when she was admitted.my door. with shared bathrooms, shared lounge facilities and dining facilities, there's no way you can be private as a female. especially if the males are unwell themselves. following you around and encouraging you to leave the ward with them. that's my experience. the figures only measure beds, not shared bathrooms or other rooms such as lounges, so campaigners argue the problem is underreported. if there's just one person who is in a mixed sex setting, where their privacy or dignity is compromised, or where they feel unsafe or where they are unsafe, that's one person too many. this is the 21st century. we ought to be able to provide at the very least a setting for somebody that's safe, and therapeutic. smaller bays of beds or single ensuite rooms are becoming more commonplace. the health regulator, nhs improvement, says: but the pressure to cope in extremely busy hospitals means beds of whatever type will always be in high demand. we're going find out how the weather's looking. i bel

i think we can afford to be patient. >> monetary policy is still accommodative.s a gradual path. we want to stay on that path is because we are in a more normal economy. inflation is not yet 2%, but we have to move policy before we get to the goals or else we will be behind. watching howefully the federal reserve and ecb are doing, but our monetary policy is for the japanese economy. and since our inflation is still far below the target, what ever the ecb or federal reserve do in the coming months, we have to address the situation by our own monetary policy. global central bankers talking about policy at jackson hole. joining us now is sean darby, geoffrey's chief global equities strategist. great to have you. i guess you could say it was a boring speech from janet yellen, mario draghi at jackson hole. what they didn't say what is your take? will this be a green light to buy more equities? >> they have economic growth with low inflation, the goldilocks scenario. the scenario that has played out in the background ,or all the economy's in the g7 so they have not ha

it's a significant degree of accommodation still warranted. , recovery is gaining on guard.he euro area recovery is gaining ground however. a sickly, we are having a conversation about how we talked about the euro or inflation. it wasn't a monetary policy speech and it looks like some of the comments are suggesting dialing back the hawkishness a little bit by saying there is still more work to do on inflation and that the ecb must remain on guard on these things. and these were answers to questions from participants. time to look at the stock of the hour. hertz, the car rental company, tumbling by about 7%. down as much is 11%. all of this on an analyst bid? >> it is a research analyst who says that hurts may have breached the terms of some of its debt. it goes back to may of this year when hertz had 1.2 billion dollars worth of lien debt. as it proceeds would be used for 2018 and 2019 debt. if you go back last month, they suddenly said we are not going to redeem the 2019 debt. in which you can see there is a big drop-off in the stock at the end of july. and they thought it

it only makes sense to accommodate as many people from texas as they need us to accommodate and the need really is there because individuals that are moving out of southeast texas around orange, the folks from texas do not have the ability to get to them or they cannot get to them to affect rescues and move them back out west to their shelters. that is why we are doing it that i can assure everybody we're not doing anything that will deprive someone of louisiana of shelter space should we need it. that is not going to happen. >> comedy homes and businesses? >> it is in the hundreds. i'm sorry. we believe it could be as many as a couple thousand. the property is we do not know whether they sustained image or whether the roadway was flooded to the point that for safety reasons, they had to evacuate. the damage assessment is ongoing. believe we're probably talking in the hundreds. homesly a couple thousand . people evacuated because of damage and because of the floodwaters prevented -- presented a hazard to them and they needed to get out of their homes. >> can you speak to the damage to ag

the fed has adjusted, that the path of removal of accommodation , yes on the path of normalization buteds to be gradually done and patiently done. we have in the back of our mind that rough moves make read destabilization around the world. at the moment, there is not complacency, i think the world has adapted to a more muted pace of removal of accommodation. vonnie: that was the dallas that will reserve chairman robert kaplan speaking with kathleen hays. mark: a brexit backer going into more of thejohnson, significant climbed out of the league campaign. as is bloomberg. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. mark: i am mark barton with the european close eight minutes away. boris johnson softening his brexit. another brexit supported making acknowledging the u.k. will have to pay to leave the eu. he said we will meet obligations and keep in mind that this -- after saying the bill was extortion. chief is here.au >> he said the eu could go whistle if it thought it would get any money from the u.k. with brexit. he said today, he really meant the

then they moved onto public accommodation. by that time, the state of washington had passed a civil rights law. in this it public accommodation but there and housing was no teeth to it but they passed it. they would start the move to use it. we had placesden like the top of the ocean but we fought to get in there. dance withg naacp black people not being allowed accommodation, if so it up. and their brother suited up. they had a wonderful time, they make money. we kept on moving. we can going from one to the other. we began to be pretty successful. we weren't getting the accommodation we really wanted from the city council. that is how i got involved. he gets right down to laws. you have to go out there screaming at that counsel because you're not going to get anywhere when you ruin that. you want to get on the other side of that event. you'll have to calm down. i got there from white people have black people. attitudechange my thatse i really realized you are on the other side of that bench with the law. issues thatg up the r

so why on earth would there still be so much accommodation i think they're itching to get that accommodation removed the problem, of course, is that inflation is picking up the way you normally expect it too >> the core pce inflater which is something that the fed looks at closely is only 1.4% in the month of june. and that's simply too low. on the one hand given that they've got this mandate they have to raise rates on the other hand, they can't justify it. they seem to have been in this spot for a long time >> yeah, and i think the underlying inflation pressures is a little stronger in the u.s. i think there's temporary factors holding inflation down >> what do you think it is >> i think there's a more general phenomenon across other countries. we're seeing the same thing in europe in ecb where the movement in normal circumstances would cause wage inflation to pick up. it's just not happening. whether it's the new globalized labor market, all of these factors that people have talked about, it just means that inflation is just a bit more of a sluggish animal to get moving again. >> maybe we

accommodations that people might not fall in love with but they can quickly come to like. aboutrachael bade talked linking two big issues before congress. and if you see the possibility of linking tax reform to some sort of infrastructure spending legislation? is that something you see in the works? rep. neal: glad you raised the question. infrastructure spending used to be the easiest initiative when i was in congress. it was a broad-based technology it that investment creating greater efficiencies, greater whichtivity, the ease at people got from one point to another was something the all fundamentally agreed-upon. whether it was water, sewer, highways, roadways, bridges or roadways. we all understood this was a long-term investment in america's future. anybody who is been to an airport in america over the last 10 years -- you compare that to its happening in europe and you understand the investment has lagged. one of the great achievements in american history began in the 1950's with president eisenhower, a republican. lyndon johnson was the leader in the senate. sam ra

that tells me we should begin to gradually remove that accommodation.ng as the outlook supports we are moving in the right direction. i think we are. mike: that suggests you are in favor of another rate move this year. esther: that was my last forecast. plotsime we put the dot together is a new opportunity to look at the data. i will be looking at the data as we get ready for the september meeting to see whether that still makes sense. i think there is still opportunity to do that. mike: by the end of the year, not necessarily in september. esther: i don't pick a meeting and i don't consider those rate paths a commitment. i think it's a general sense of where rates should go. mike: to what extent is inflation a lagging indicator? is the phillips curve broken or is nehru lower than it has been in the past? esther: i'm not sure that i will have a good answer for you there. many people are studying that very issue. the things i look at when i look at inflation -- the price of goods has been falling. maybe that is due to technology. services, which is two t

the village school has to have space for newcomers, and be able accommodate their age group. regular support and financial assistance are part of the ngos' program. the families have to be carefully integrated into the community, but there are communal events to help with that. marcela benitez searched hard before she found colonia belgrano. the village may be shrinking, but the quality of life in the area is still high. as an initial step, 20 families were introduced here. they're offered an affordable plot of land and a loan. >> there will be 20 houses -- each on its own piece of land -- so every family can build their own small business there. the houses are all based on a special prototype. they're heated with solar power, and they have better insulation. each has 2 bedrooms, a dining room and a kitchen. the families can extend the house if the family grows. for many argentinians, those are idyllic living conditions. the governer of the state of santa fe supports the initiative.2000 familiey applied, and these are the ones that were selected. here they'll have less income

monetary policy were main accommodative -- will remain accommodative for a consum a considerable period loss of aussie dollar's with an underlying pretax loss of 3.7 million. it is forecasting improvement on a year and the first quarter. the airline is part owned by age and a -- agent a. considering a shakeup of the hotel units as part of an overhaul of the following group. wonder hotel made by the equity interest of wonder culture travel group in a deal worth 940 million dollars, reorganizing after coming under officials scrutiny. it agreed to sell its assets for $10 billion. the recent headlines about sexual harassment at uber and the gender diversity row at google have put work place behavior on the front place. google fired an engineer who question women's ability to work in tech. in an exclusive bloomberg interview, sheryl sandberg says companies must step up to the plate. quick sexual-harassment has been around for a long time in every industry. it is abominable that it still exists. people know better. it is great when people lose their jobs when it happens. that is what will get

. >> monetary policy is still accommodative.radual path of normalization is really a gradual path and my argument of why you want to stay on that path is because we are in a more normal economy. inflation is not yet at 2%, but what we learned is we have to move policy a little bit before we get to the goals or we are going to be behind or potentially left behind. we could find yourself in a bad spot. i would not say i may advocate of higher rates. i am a advocate of keeping on this more gradual normalization path where we are taking away some of the accommodations we needed to put in. ofhael: you think the risk higher inflation is greater than the risk of higher rates having a damping of act on the economy? loretta: there are a number of risks. the underlying momentum of the economy is very good. we have very strong labor markets and we have seen that overtime. seen the growth has been maintained at a little above 2% or so and a think that is very important because we have had a lot of shock says the economy -- and the economy,

the bank of japan's governor has pledged to forge on with very accommodating monetary policy. corona warned inflation target remains distant and the current pace of growth in the world's third-largest economy looks unsustainable. growth is excellent. growth cant think 4% be sustained. likely and the amount of growth inflationary look gradually climb up to 2%. with four weeks left in the election, the leader of the social democratic party in germany has leveled his harshest criticism at angela merkel. of comments offer a taste next sunday's only tv debate between the candidates. with thelks resume , the opposition labor party has tried to leeward critics to their side. it wants written to stay in the eu single market and customs union four years after it leaves the block, a proposal that will delight business leaders. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt and guy. president has urged her colleagues to look past the inflation data to stick to the gradual pace of lifting interest rates. s

we are not an environment where the will be lots of accommodation.t will remain and it will stay relatively range bound for the for siebel future. michael: the neutral funds rate is not plus two as it used to be many decades ago when we were trying to get inflation lower. now we think we will be in environment over the next 5, 10, 20 years what we will try to get inflation higher. the real neutral funds rate is negative one to one right now, meaning the nominal funds rate is at 10. i think three is a really tight policy that would drive us to recession. jonathan: when you look at what the economic data means for the federal reserve and the market, a lot of people would sit at this table and over on the trading floors and say these things no longer matter. earlier this week, it really struck me. it looks like the russia probe is deepening in the eyes of a few investors and the curve fall flat. there's still some upside risk expected on the long end from what we might get from d.c. do we need to face that out? priya: and the equity market and the risky