let's go onto the i, from andrew bailey. let's go onto the i. sonia. _ from andrew bailey. - from andrew bailey. let's go onto the i, sonia, today, and what you| the i, sonia, today, and what you were talking but a moment ago, and thatis were talking but a moment ago, and that is the cuts. taxes are going to have to rise, department or going to have to rise, department or going to have to rise, department or going to have to face cuts, it seems, as well. we understand german —— german hunt is having a 50—50 balance between the two things, but it is going to be painful, bearing in mind these departments do not have access at the moment. that's riuht. have access at the moment. that's right- there _ have access at the moment. that's right- there is— have access at the moment. that's right. there is a _ have access at the moment. that's right. there is a lot _ have access at the moment. that's right. there is a lot of _ have access at the moment. that's right. there is a lot of areas - right. there is a lot of areas of government spending that have been cut quite soon since 20

incumbent, jb pritzker, and darren bailey. we have brought together more than 20 of the states newspapers representing all regions of illinois for these forums. questions for today's interview have been solicited from our newspapers. each will post the coverings of this interview. i am joined on our panel by patrick keck, daily herald opinion page editor, and the joint chief of capital news illinois. this is a conversation and debate. for the benefit -- this is a conversation not a debate. for the benefit of our audience, we will keep the response time to 90 seconds or less. we will give the candidates an opportunity to introduce themselves, we will start with governor it's car. >> thank you i pma for hosting this forum. i am running for reelection to address the kitchen table and issues that are most important issue -- most important to american families. -- and eight credit downgrades. so i got to work, i balance for budgets in a row. paid off all of our overdue bills and earned six credit up rates for the first time in deca

senator bailey let's begin with you. this question was share with me by bob anderson. 7000 forms of local government, including townships. by more than 1800. the cost of government, could you come out you sign legislation that would grant illinois voters the ability to dissolve township form of government? >> i certainly believe in local control not think state government needs to do a better job addressing and informing the people across the state of the cost of all of these forms of government. they can do this locally if they so choose, but the state must educate and inform and offer options. and i haven't seen that taking place yet. we know that administrators in our townships and schools and colleges. we know that is many times the cost and region -- reason for the access cost for what's going on. i believe the state government to do a better job of educating and informing the people of illinois and giving them some options. that is the first step in that is not taken place yet. >> governor, same question. >> thank

tom: it's the bailey bamboozle. the way the markets adjust, the report suggested the support could be extended but the whiplash suggesting they might step back on friday, and then the ft report, a bailey bamboozle rippling across markets. after five straight days of losses in europe and the u.s., a bit of a turnaround. ftse 100 currently up .1%, the spanish ibex down .2%, and gaining four or five points on the cac 40. let's see how things are adjusting. when it comes to the u.s., the latest official saying there will be a need for further tightening to get a trip on inflation in the u.s. as we look ahead to that important for thursday. futures stateside gains of .6% after five straight days of losses. the pound in focus on the back of the boe, gbp trading up. oil down .2%, an important story is around a leak on a pipeline bringing oil from russia through germany and the leak has been detected in poland. i want to look at the pound and the moves we saw intraday, that report suggesting the vacuuming with could extend

i wonder what you both think of andrew bailey's - both think of andrew bailey's decision to interveneng in washington at the institute of international finance. washington at the institute of internationalfinance. we washington at the institute of international finance. we will play a little bit of what he had to say. we have had to return back to further, including keeping us up for the whole of the night to do further intervention. it became clear that we as the event of england, has never bought index linked, operation so realise the financials ability purposes we had to do it. we've announced that we will be out by the end of this week we think of rebalancing must be done in a message to the funds and firms involved you've got three days left. you've got to get this done. because again, part of the essence of financial stability intervention is that it financial stability intervention is thatitis financial stability intervention is that it is clearly temporary. andrew bailey speaking _ that it is clearly temporary. andrew bailey speaking to _ that it is clearly temporary. andrew b

lizzy: in terms of this game of chicken between kwarteng and bailey, bailey is playing blind.g set of the market turmoil continued, it would be a matter for the governor. if the bailey stake his credibility on today being the deadline for the program. given that kwarteng is the one making the u-turn, it seems bailey has won. however if the market turmoil does continue after today, i'm hearing perhaps we could get a creative, more targeted solution. that's what former policymaker martin wheel turned me he would do yesterday. with perhaps more targeted support for pension funds. but what andrew bailey will want to do is not be prioritizing financial stability over inflation fighting and not appear to be dancing to the tune of fiscal policy, which is how it would seem if this bond buying continues. manus: the backstop of the backstop. lizzy burden at the bank of england. if you look at the money market flows, we often talk about the plumbing of this system, which warns that the gilt market -- fitch warns that the gilt market outflow, this mass liquidation of risk by asset manager

lizzy: it looks like in the game of chicken between kwasi kwarteng and andrew bailey, andrew bailey hason and it is kwarteng who will have to do the u-turn. kwarteng said if market turmoil continued and bailey did not extend emergency bond buying, it would be a matter for the governor. bailey has staked his credibility on holding firm to this deadline. it looks like he is going to get away with that, however if the market turmoil does continue, perhaps we'll see a more creative solution on how to help pension funds. i was speaking to former policymaker martin weal, he said there could be targeted help for puncheon funds. bailey is going to be desperate not to continue with the blunt instrument of quantitative easing because it looks like there per ties in financial stability over inflation fighting, and being dominated by fiscal policy. it seems perhaps okay as an emergency measure but not something to be extended, that's what the imf's message seem to be yesterday. francine: lizzy burden reporting outside the bank of england for us. ts lombard's senior macro strategist and kristine aqu

two objectives could be in conflict if governor bailey says this will be open-ended.is part of why giving these comments to say this is temporary, while in reality probably going to extend liquidity provisions on a non-determined basis if pension funds continue to have liquidity challenges. dani: can they really do both? can he attempted to tighten financial conditions at the same time he is trying to ensure that financial stability remains in check? the two work in opposition to each other. kiran: the ideal world is what happens after the initially announced. while they s aid they would be willing to come in but did not have to buy that much because it is a buyer of last resort. i think that is probably what they will be trying to achieve with some of this. the fact that they are there, the markets will function more normally. that is what they will be trying to do. on a longer-term basis, they cannot continue to buy bonds while talk about tightening because they are clearly in opposition. it is clearly a challenge for the bank of england, but trying to maintain liqu

laura foster is at the old bailey.l has become the first murderer and the first woman to be sentenced on television in england and wales. following a change in the rules allowing cameras into court over the summer. today at the old bailey, nearly all of the police officers who worked on this case were present, and the victim's family were watching via video link from around the world. make kuen chong, also known as deborah, was a devout christian. she metjemma mitchell through the met jemma mitchell through the church. metjemma mitchell through the church. a woman she described as a spiritual healer. that turned into murder all because mitchell wanted to inherit her estate. today the old bailey the judge concluded that mitchell was extremely devious, sentencing her to life imprisonment with a minimum term of 3a years. there is the chilling aspect of what you did to and with her body after you did to and with her body after you had killed her. you have shown absolutely no remorse. and it appears that you are in complete

right now the bailey family is devastated.ndering why their dad did not come home from work that night. this as the family asked why the suspected was out on the street with a long rap sheet, this is tommy bailey. nothing from good things out there today as the support continues. he was stabbed to dead while riding on the subway. a hard working guy, a true new yorker. the 43-year-old leaves behind three kids that tell me their dad is a hero. bailey was a local 638 steam fitter. always stuck up for what was right. that's what he was doing witnesses say moments before he died when he stepped in to defend a female police officer that was being harassed by the suspect. that's when the man slashed bailey in the neck. >> you have to take your life into your own hands by going to work or going to the grocery store a doctor appointment, not knowing if you're going to make it home. it's very scary. >> so the nypd arrested alvin charles for bailey's murder. this is not the first time this guy has been behind bars. investigators tell me

while andrew bailey is trying to manage — while andrew bailey is trying to manage market perceptions will have to intervene. its prices fall again the bank will have to intervene-— to intervene. as a telegraph says, the sterling _ to intervene. as a telegraph says, the sterling has _ to intervene. as a telegraph says, the sterling has fallen _ to intervene. as a telegraph says, the sterling has fallen as - to intervene. as a telegraph says, the sterling has fallen as bank- the sterling has fallen as bank poles plug on pension help. a very direct response to this repeat. a repeat of the statement he said before. it in any sense does wonder whether he needed to say it again, whether it was helpful to say it again. whether it was helpful to say it aoain. ., ,, , ., whether it was helpful to say it aoain. ., ~ ., , whether it was helpful to say it aoain. ., ~ , ., ., , ., again. the markets are generally a little jittery. _ again. the markets are generally a little jittery, some _ again. the markets are generally a littlejittery, some much _ again. the markets are generally a littlejitte

unmistakable taste of baileys irish cream called baileys s'mores liqueur.w, chocolate, and graham crackers. all those flavors at once. the end. >> guillermo: that was a good story. should i try again? >> jimmy: give it a whirl. scare me. >> guillermo: once upon a time there was a scary house on a -- >> jimmy: a hill? >> guillermo: no. a flat street. a very scary flat street. >> lou: baileys s'mores is available nationwide for a limited time wherever spirits-based beverages are sold. for more information please visit www.baileys.com. [ cheers and applause ] bring on apretude. long-acting protection from hiv. apretude is a prescription medicine used to reduce the risk of hiv without daily prep pills. bring on not worrying about daily doses. i prep without pills. apretude is the first and only long-acting prep with one shot every other month just 6 times a year. apretude was proven superior to a daily prep pill in reducing the risk of hiv, in head-to-head studies and was among the most diverse prep studies ever conducted. ♪♪ you must be hiv negative to receive

andrew bailey kind of stuck in the middle of all that. that is this concern, looking at the guardian, one of the british newspapers the last couple of hours, saying they see the possible risk even before -- trying to get the pension funds to deleverage and all that. people are saying what if the u.k. would have to go back to the imf like they did back in 1976. it seems very ironic that when we think of the imf we think of developing nations, emerging-market nations that need help. you don't think of a g10 country needing it. this is why this is rather shocking, surprising, and of course it is still not clear what the government is going to do. they pulled back on some of the aggressive parts of the budget proposal, tax cut proposal they had. the governor of the bank of france saying these missteps by the bank of england or something that everybody else can learn from. you got to make sure monetary policy and fiscal policy are working in unison, and i think that's a great web putting it. a lesson in what not to do. rishaad: all sorts of co

the governor of the bank of england, andrew bailey, has spoken to the new chancellor, jeremy hunt, and says there was a clear meeting of minds on the importance of stability. now mr bailey has also warned of the possibility of higher interest rates ahead, more than previously expected. our business correspondent marc ashdown has this analysis. all smiles launching the mini—budget at the end of september. and with it a new political phrase — trussonomics, describing liz truss�*s vision for a high—growth, high—wage, low—tax economy. but just three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini—budget if you want to? yes, and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then, tax cuts likely replaced with tax rises, huge investment replaced with a spending slowdown. this rethink has largely been driven by the turmoil in the financial markets since the mini—budget was announced. the pound has had a torrid time. the effective

bailey arguably being thrown out of the bus by the chancellor of the exchequer. the bank of england stepped in gilt markets yesterday, find the most since that program started, over 4 billion pounds worth of bonds purchased by the boe. in spain, the ibex is down .4%, the cac 40 is off by 24 points. let's look at the cross assets, stateside futures currently unchanged on the s&p. still a wait and see approach, it could be a make or break moment as you look ahead to the all-important cpi print, the top line expectation is 8.1 percent, down from 8.3%. the pound currently down .3%, u.s. two-years -- and brent largely unchanged as the biden administration raises concerns about the plan for a price cap on russian oil. we will have a quick look at gilts, given what has happened since the mini-budget and the government insisting is global events affecting gilt markets despite all the evidence to the contrary. the 30-year, and a lot of change, the 10-year 4.44, bid for the front end, lower eight basis points and the two year holding at 4%. gilt markets will continue to ch

allison bailey lives — to last them the week. allison bailey lives for _ to last them the week. - to last them the week. allison | bailey lives for her dogs. what to last them the week. allison - bailey lives for her dogs. what you get out of them?— get out of them? pleasure, happiness- _ get out of them? pleasure, happiness. to _ get out of them? pleasure, happiness. to get - get out of them? pleasure, i happiness. to get universal get out of them? pleasure, - happiness. to get universal credit and carer's _ happiness. to get universal credit and carer's allowance _ happiness. to get universal credit and carer's allowance for - happiness. to get universal creditl and carer's allowance for attending to her elderly mother, giving her about £100 to live on after rent. she can't afford heating and has changed what she eats. ads, she can't afford heating and has changed what she eats. is. let she can't afford heating and has changed what she eats. a lot more sou - , tins changed what she eats. a lot more soup. tins of— changed what she eats. a lot more soup, tins of curry _ changed

now mr bailey has also warned of the possibility of higher interest rates ahead, more than previously expected. our business correspondent, marc ashdown, has this analysis. all smiles launching the mini—budget at the end of september. and with it a new political phrase — trussonomics, describing liz truss�*s vision for a high growth, high wage, low tax economy. but just three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini budget if you want to? yes. and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then. tax cuts likely replaced with tax rises, huge investment replaced with a spending slowdown. this rethink has largely been driven by the turmoil in the financial markets since the mini—budget was announced. the pound has had a torrid time. the effective cost of government borrowing has soared and the bank of england had to step in with an emergency programme — buying up government bonds to stabilise the pension sector. the

well the governor of the bank of england, andrew bailey, spoke to the new chancellor yesterday — andas a �*clear meeting of minds' on the importance of stability. this afternoon mr bailey also warned of the possibility of higher interest rates ahead — more than previously expected. our business correspondent, marc ashdown, has this analysis. allsmiles, launching the mini—budget at the end of september, and with it a new political phrase. trussonomics. describing liz truss's vision for a high growth, high wage, low tax economy. butjust three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini—budget if you want to? yes. and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then. tax cuts likely replaced with tax rises, huge investment replaced with a spending slowdown. this rethink has largely been driven by the turmoil in the financial markets since the mini—budget was announced. the pound has had a torrid time. the effective cos

i'm wondering what your thoughts are about that assessment from andrew bailey and how much they are tohe impact of the many budgets. to do with the impact of the many bud . ets. ., to do with the impact of the many buduets. . .. ., , ., budgets. there are factors here that are drivin: budgets. there are factors here that are driving up _ budgets. there are factors here that are driving up interest _ budgets. there are factors here that are driving up interest rates. - budgets. there are factors here that are driving up interest rates. even . are driving up interest rates. even if the government had not done anything over the last few weeks, interest rates would still be going up. the political problem for the government is, i suspect, people paying their mortgages and looking at the increases that they are going to be paying which are going to be very, very happy indeed for millions of households. the government is going to get the blame for pretty well all of and arguments about, well, they are internationalfactors and so on, i'm not sure are going to geta and so on, i'm not sure are

this to alice, bailey, etzky russians, a memorial organization and ukraine's center for civil liberties. the joint award highlights the significance of civil society for peace and democracy. the most highly anticipated announcement in a week of woods. at the stroke of 11 in oslo, the chair of norway's nobel committee ended the speculation. this yes, peace prize is awarded to human rights advocate o. s b ali, a ski from belarus, the russian human rights organization memorial an the ukrainian human rights organization. santa for civil liberties. together with another the committee informed the winners in chief by phone till so congratulations. oh oh, it's okay. it's it, sir. oh, it's great. oh, thank you. a c. c, else as they stand by the recognition of their efforts to hold the invading russian army accountable. so green, we are documenting russian military war crimes and ukraine to write the whole country was the most common. in particular, our team went to the key region and the 1st stage when it was liberated by here, we have more than 20000 crimes registered as of now israel is wishi

did you get the same feel from governor bailey, you have three days? that on twitter that you put that and i figured you were highly skeptical. basically, england is not going to be able to hold firm to something and will have to eat their words rather than threaten to undermine credibility. this is a different scenario for one reason. that is inflation. as you get inflation creeping up, it becomes difficult. with the u.k. post for its second monthly contraction in months, and will wait are they forced to accept higher inflation longer? jonathan: they are worried about the perspective of a flip-flop that they back away too early and then have to go high again. lisa: it is incredibly messy. frontloading is being called, do you frontload or go gradual? jonathan: i am a cynic. from new york city, this is bloomberg. ♪ >> had you explained to markets in the public that you have to resolve inflation if you are slowing down rate hikes? >> they got out of control in know we need to get it under control which will be a process. >> we have not really seem that c

great job, bailey.eered with the san francisco marin food bank helped fill bags to feed some 1000 families at a site in san francisco. the food bank says the need has grown ever since the beginning of the pandemic. we went from serving in 32,000 households every single week to now serving nearly 55,000 households every single week, picking up fresh protein grains and other vegetables into bags and feeding the families about 1000. so pretty excited for that san francisco marine food banks says it's always looking for more volunteers. 1200 volunteers used to be enough, but now they need about 2500 week. donations as you know, are always appreciated. we have a full rundown of what fleet week has to offer head over to ktvu .com to learn more and plan your fleet week activities. still to come. backlash overcoming about lobster next on the nine the reason, one democratic lawmaker says they want to cut funding for the moderate bay aquarium. the doctor will be in to see you shortly. ♪ hi. [ chuckles ] when you

what do you think andrew bailey was saying or why, you think andrew bailey was saying orwhy, perhaps, why, perhaps, was he seeing it in new york when he announced the bank of england would end its support, buying up government debt, this friday? timing wrong for that was that a sign of frustration, perhaps, whom? i that a sign of frustration, perhaps, whom? ~ ., that a sign of frustration, perhaps, whom? ~ . , _, . whom? i think what he is concerned about is that — whom? i think what he is concerned about is that people _ whom? i think what he is concerned about is that people might - whom? i think what he is concerned about is that people might think - whom? i think what he is concerned about is that people might think the government, that the bank of england is essentially monetising government debt, turning long—term securities into money, which is a form of quantitative easing, and that is not the thing you want to be doing when you're trying to bring inflation down. �* , , , , down. and very user friendly terms, a receiver speaking _ down. and very user friendly terms, a receiver

lizzy: that is the message andrew bailey wanted to underscore at the imf over the weekend.suggested figure hikes are going to be needed, including at the november meeting. take a listen to bailey in washington. >> we will not hesitate to raise interest rates to meet the inflation targets, and as things stand today, my best guess is inflationary pressures will require a stronger response than we perhaps thought in august. lizzy: andrew bailey wants to get back to focusing on fighting inflation, but they will have to see how much pension funds have fortified themselves during this interim period of emergency boe support. the form the bank of england's help could be extended in could be an extension of delays of quantitative tightening or a new facility. we will have to see how the gilt market reacts. dani: thank you, lizzy burden, outside of fittingly raining downing street. now to our guest, who advises investors on how to navigate a volatile u.k. thank you for joining us. how much longer doesn't liz truss survive and doesn't even matter? -- does it even matter? andrew: it i

tommy bailey, hard working man, loving dad and husband.in the neck on a new york city subway. he leaves behind three kids. bailey was a local 638 union steam fitter. his said he stuck up for what was right. he stepped in to defend a female police officer who was being harassed by this suspect. that man attacked bailey. >> i felt horrible. nobody should have to die that way. it's so sad. especially leaving behind three young kids. what does that family do now with the loss of the breadwinner. it's life-changing. >> reporter: the nypd arrested alvin. this isn't the first time this guy was behind bars. he stabbed another man who thankfully survived. the new york post says a judge denied the request for a $50,000 bail. this guy was able to walk free. this comes as crime in the new york city subway system is surging. crime in the subway is up more than 41%. back out here live, bailey's family says the subway is not safe. this father and husband lose his life is another example. they say the state and local officials need to do more about it. th

bailey, president putin— the background. bailey, president putin is— the background. going away. all sorts of reports coming from russia from the state of his health. _ coming from russia from the state of his health, from the state of his support— his health, from the state of his support even within his crony ship. meanwhile, — support even within his crony ship. meanwhile, the americans are saying he has _ meanwhile, the americans are saying he has to— meanwhile, the americans are saying he has to he — meanwhile, the americans are saying he has to be taken seriously. they thought _ he has to be taken seriously. they thought he — he has to be taken seriously. they thought he was accused of sabre rattling — thought he was accused of sabre rattling last week, mentioning that type of— rattling last week, mentioning that type of nuclear weapons. at the americans— type of nuclear weapons. at the americans are saying that they have looked _ americans are saying that they have looked at _ americans are saying that they have looked at the data, they have sorted out every _

i think andrew bailey is in a tough position.idence in him is actually quite low. how does this all end? if i knew that, i would probably be chancellor of the exchequer, but i would not want the job right now. i have seen economic catastrophe in other countries. the most dramatic one was in 2001, when argentina had what was at the time the biggest sovereign default in history, and money vanished. the banksjust shut up. they closed their doors, people went down with hammers at lunchtime and beat the doors, and nobody had money. at the beginning you were saying about the confidence in the money, all that disappeared overnight. people could not buy things, and it was quite extraordinary, because they were very inventive in how they responded to it, and the country essentially went over to barter. they created a currency within the barter system to create the exchange, and it being argentina, you could barter cooking oil for psychotherapy. you just had to regulate the medium of exchange. and because it was argentina, it was so succes

this yes, peace prize is awarded to human rights advocate alice bailey, asking from billers the russian human rights organization memorial and the ukrainian human rights organization. santa for civil liberties together with another the committee informed the winners in chief by phone till so congratulations. oh, oh, it's okay it's, it's sir. oh, it's great. oh, thank you. the c c else as they stand by the recognition of their efforts to hold the invading russian army accountable. a so green, we are documenting russian military war crimes and ukraine to write the whole country with the most common. in particular, our team went to the key region and the 1st stage when it was liberated by here, we have more than 20000 crimes registered as of now is really an illusion. the committee also recognized alice bailey etzky, a long time leader of the democracy movement in belarus. he was detained following anti government protests in 2020, and remains in jail without trial. russia's memorial group has also had to battle state repression. for decades it's been tracking human rights abuses and the f

bailey, thank you for being with us.were waiting with, you are in office, your husband, and you're 20-month-old son. was that a conscious decision to stay or to dissing start bearing on you before you had had a chance to get out? >> we live in tampa and we thought we were doing the right thing, we evacuated to port charlotte, it looks like it wasn't going to hit. as we were watching we were actually in his own be, almost see. we didn't realize we had to evacuate until last minute. when we were about to get on the road, a lot of the new stations were starting to say there is a lot of tornado activity, it is nighttime out, you need to wait until the morning. we did, i woke up at 5 am wednesday morning and at that time we started notifications from our friends and family, from the stations that because of the force of the winds right now all of our shelters had shut down and we're no longer accepting people. ha i don't know if that was true or not, but because i had my son with me, we just don't want to risk it and get stuc

so absolutely, there is a trust issue now in andrew bailey's handling of the bank of england, of thedent of the government, and should remain so, despite what liz truss has been hinting at various points. she did during her leadership election, some possible suggestions of review of its mandate. of exactly how it would work. even mark carney, when he was the governor of the bank of england, also trod a fine line in terms of how much he felt he could actually criticise versus how much he needed to make sure that he was playing down the line. so, i think andrew bailey is in a tough position but we do see public confidence in him is actually quite low. how does this all end? chuckles. wel, if i knew that, i would probably be chancellor of the exchequer, but i would not want the job right now. i have seen economic catastrophe in other countries. in fact, the most dramatic one was in 2001, when argentina had what was at the time the biggest sovereign default in history, and money vanished. the banksjust shut up. so, they closed their doors, people went down with hammers at lunchtime and b

why the speed limit on this section of bailey road the back road that connects pittsburgh to concord.ing much faster, especially on the end of bailey road going in the conquerors just like everybody's passing each other and it's just like a race track down there california is ruled roads like bailey a ranked among the worst in the country. that's according to a new report released on thursday by trip a national transportation research company rural roads in california. so really essentially the road you're driving on 12 once you've left an urban area have some of the highest fatality rates in the country. rocky moretti is the director of policy and research at trip according to the report more than a thousand people are killed in traffic accidents on california's

we heard that from governor bailey in washington earlier. and it's going to remain hawkish as long as persistent inflationary pressures especially at the core level remain. tom: to the fed, on the back of that university of michigan survey around inflation expectations over one year coming in higher-than-expected. jay powell saying he watches that survey very closely, how does that change the view from markets in terms of pricing around the fed? kristine: the university of michigan and u.s. cpi came in higher-than-expected, drives the point that the fed has a lot more to do to tackle inflation. it was interesting earlier in the week, there was a nuanced change on the way the fed was communicating. it seemed like they are starting to recognize the global impact of their policy and being mindful of that especially in the minutes of the september meeting. but when the data came out, that shifted the conversation back to the fed's primary focus, getting inflation down in the u.s., regardless of what potential risks that may pose the rest of the

meanwhile, andrew bailey looks like he is going to have to you t -- u-turn on all the tough talk where he definitely said he will end emergency bond buying tomorrow no matter what happens. his argument is if he continues, he will have his foot both on the gas and the break of the same time. the chief economist huw pill has set the boe needs to focus on finding inflation, but u.k. pension funds are dependent on this lifeline now. and kwarteng is adding pressure on the bank continued support. today investors are holding their breath to see who blinks first, the bank of england or government. manus: let's see how that battle goes, one thing is for sure, the riks with their view on the property market next year, going from but he percent growth in september to down 18%, that is what higher rates means in reality for the u.k. economy. lizzy burden on the u.k. political debacle. sources say biden administration officials are growing concerned about the plan to cap the price of oil from russia, after opec launches surprise cuts last week. let's get more with our energies order, here we are, t

>> governor bailey has come out reasonably well this week. by that i mean he made very clear on tuesday that the bank was done on friday. from what was before that, an element of a lack from government completely changed. in that context, the bank we were elected initially to make any changes on what it promised in terms of coming back to support the market. it won't happen initially therefore we could be in for forced further volatility. the bank would hope would force the government to backtrack completely from its taxcutting program. >> we just saw jeremy hunt. the new chancellor walking into 10 downing street. >> walking very quickly, he clearly has something to do. what should gilts be yielding if we pretend of the government stuff isn't happening? what is an appropriate level? i'm curious to see what the level is and what the disconnect is and how wide the gap is. >> getting into levels of low force -- 4's, broadly similar to the u.s. treasury market, 4-4 .5, that could be argued as reasonable. the terminal rate for policy has gone to 6

now he has an easy win with bailey. he is also the same governor that did a form of genocide by inserting sick people into senior citizens homes and not going to jail for it. another thing i have trouble swallowing is the 60 day grace that the department of justice gave all politicians but not the american people, that they cannot file charges for 60 days around an election. where did this law come from? has the supreme court looked this up? because -- for trump and all the bootleggers should have been locked up a long time ago. for them to give another 30 days seems like another slap in the face of america. host: i do not think that is an actual law. i think that is a practice. caller: do you know where it came from and when it will go away? i think there is a really great area, especially if you do the math. host: that is a good question and maybe it is worth a segment for us to dig into on washington journal. i'm certain my producer downstairs is writing that down. derek in maryland, democrat. caller: good morning. j

shery: we heard from governor bailey that he would be ending boe support this friday. pound plunging. given what is happening in the broader macro space and the pressures on the pound and euro and other currencies that trade against the u.s. dollar, can we expect the strengthening of the greenback to continue? michael: yeah. the first thing i would say is that i agree it is an overshoot. by our metric, we have the dollar 20% overvalued on an index basis, the yen even more extreme than that. it was interesting hearing comments earlier about the potential to coordinate intervention, from daily. the u.s. itself is tightening natural conditions and a strong dollar is still in their interest. but it would not surprise me in the next six months that we are in a position where a stronger dollar is not in anyone's interests across the g7. we are looking at the plaza hotel again, but the dollar overshoot, the other interesting part is that in europe, and japan, the weaker domestic currencies are making inflation worse. it is a real challenge for it when at the moment, the stron

the committee also recognized alice bailey etzky, a long time leader of the democracy movement in belarus like enchanter, interrupt that report and go live now to the press conference with european commission president or sla fonda lion the ear council president charles michelle, will be bringing this t live only to thank the prime minister petro fietta for the warm hospitality and perfect organization of these last 2 days, these important days for the union and the pin continent. i like to say a few words about yesterday's meeting, the historic meeting because for the 1st time, $44.00 countries, they could be in constant sharing the same ambition to work together towards prosperity. instability met. this is the 1st time it was over dinner with yesterday evening on this side of the next meetings have been on taylor space or can i can pretty but with this isn't mission accomplished. we listened to each other. little identify, promoted to the areas of agreement on connection with the challenges we face. really want to understand each other lateral status to converge and comp rate the declar

mr bailey warned of high interest rates ahead more than previously expected.usiness corresponded marc ashdown has analysis. smiles and a new political phrase, trussonomics, liz truss�*s high—growth, low—wage tax economy. three weeks later, new chancellor has buried it. had ou chancellor has buried it. had you been _ chancellor has buried it. had you been given _ chancellor has buried it. had you been given a _ chancellor has buried it. had you been given a clean - chancellor has buried it. herc you been given a clean slate, could you change elements of the mini budget?— the mini budget? yes. the fundamental _ the mini budget? yes. the fundamental thing - the mini budget? yes. the fundamental thing the - the mini budget? yes. the l fundamental thing the prime minister wants to do and i want to do— minister wants to do and i want to do is— minister wants to do and i want to do is be— minister wants to do and i want to do is be completely honest with_ to do is be completely honest with the — to do is be completely honest with the country. trussonomics reverse, wi

it's time for change. >> laura: darren bailey pritzker's challenge joins me now. you were going to be easy to beat, that pritzker has the money and the big operation and a lot of support from unions. so what are they getting wrong? >> well, laura, i want to remind you, and thank you for two years ago in july, you had me on when i sued jb pritzker over his illegal and unconstitutional lockdowns and mandates and i won that lawsuit. and i've been pushing back ever since. and what they got wrong is exactly what i mentioned, his arrogant incompetent blind leadership. people are fed up because of his destroying illinois. >> laura: now, darren, this moment during your debate with pritzker could really sum up the kind of pauseity of issues during his entire campaign. watch. >> how have you improved the lives of chicago's black and brown residents? >> i want to point out at that bailey has surrounded himself with racist misogynistic homophobe i can xenophobic people and organizations including chasing after the chief among them donald trump. >> that's all you can talk abou

i could hear her saying, mr bailey is here but he's a black, he's a black man. that the person in the other room was saying, "tell him that the vacancy is filled." and this was only an hour after i'd confirmed that i was going to have an interview. the following day, we went to the manager's office and the manager told us, under no circumstances he's going to employ black people. i was working out how best to bring this to the notice of the public and it's then i was thinking of luther king and his bus boycott, and i decided, yes, iwill ask the people of the city to boycott bristol's buses. the bristol omnibusl company carries over 1 million people a day. is this really going - to make any difference? there was good support. we had hundreds of university students that were supporting the boycott, they were sitting in the road and lying across in front of the buses. the controversy is now in its second week and the policy of the bus company that started it all still applies. once you change thisjob over, and it becomes known - as a coloured man'sjob, well, then t

he mentioned that the 2 other lawrence, of course, as the bell, russian activist, alice bailey, at ski. and who was also would it be a nobel peace prize? can you tell us any more about him? yeah, he is one of the veteran, a bellow russian activists for human rights. he has been active already under the soviet union in the bella, russian civil rights movement. and later, when lucas shanker came to power in the 1990s, he found he came out as an activist against human rights violations by this fellow russian regime now. and he has been in jail several times and currently now he's also serving another prison st. louis, which is seen as closely linked to the protests against lucas shanker, that happened last year, 2021 in some handle. mateus. thanks for that. asthmatic billing reporting from asian me in southern ukraine. all right, let's get you up to speed on some of the other stories making news around the world . u. s. president joe biden has pardoned thousands of people convicted under federal law of possessing marijuana. he did not cool for full di criminalization of count cannabis, bu

jonathan: i think mary bailey said it herself.ea of the step down, can you have a step down without the cpi confirming a decent rate? we can identify falling prices and will have pushback but it's not about what i think the fed should do, it's what they will tell us what they will do and they are saying they need to convince several months of court data that they are on a trajectory back to a low core inflation target. lisa: if they have a step that i keep rates at 4% for a long time, is that going to mean the dollar will be weaker or does that mean it will be stronger because it will be a more persistent higher yield and it means the rest of the world is not catching up at the same pace? >> to your point, if they are going to keep rates at 4.5%, other banks are beginning to slow down on the dollar will maintain the yielded vantage and be one of the highest carry currencies in the g10. you've got to distinguish short-term tactical repositioning from the long-term structural news. we have not yet seen that turnaround u.s. inflation

laura foster has more from the old bailey. a devout christian. it was from the church that she met jemma mitchell, a woman she described as her spiritual healer. that friendship turned into murder, all because mitchell wanted to inherit her estate. today at the old bailey, thejudge concluded inherit her estate. today at the old bailey, the judge concluded that mitchell was extremely devious. sentencing her to life imprisonment with a minimum term of 3a years. there is the chilling aspect of what you did _ there is the chilling aspect of what you did too — there is the chilling aspect of what you did too and with her body after you did too and with her body after you had _ you did too and with her body after you had killed her. you have shown absolutely— you had killed her. you have shown absolutely no remorse and it appears that you _ absolutely no remorse and it appears that you are — absolutely no remorse and it appears that you are in complete denial as to what— that you are in complete denial as to what you did, notwithsta