i think that is key for the bank of england. that is all we've got at the moment. n eye on the comments around the bank of england and the survey results. but there you have a look at sterling. we're trading on the back foot versus the dollar up currently at 13 basis points down to one 2876. now this after bank of england governor andrew bailey warned the latest round of trump tariff trauma will have an impact on the british economy. >> the risks. i think. >> all of us have said. >> you know, and the. >> risks to the uk situation, to uk growth. >> megan's right. >> i think, to make. >> the point that the. >> impact on inflation could be ambiguous. but the risks to the uk economy and indeed the world economy are substantial at that point. >> in terms of trade this morning, across the bourses there is the current picture. you've got the xetra dax up half a percent ftse 100 down 8/10 of a percent. french market also now trading in the red. from a sector perspective it's been those cyclicals out in front this morning. autos basic resources oil and gas. and that is still

canada fighting back the favorite though is not coming from a governor of the bank of canada, a governor of the bank of england and economic adviser to adjust intruder. i'm here to build the strongest economy for all canadians. the 2 of them are essentially trading on their credentials. chrissy or friesland is arguing that she negotiated the canada, us mexico free trade agreement, that she is an experience negotiator tried and tested in the political arena. mark carney, essentially a central banker. he is selling his credentials as someone who understands how economies work, but he has never had any direct experience in politics. well, good morning. freedom says you look out for the middle call from tame the cost of living. however, she's also bedrooms, has been 2 percent of canada's gdp on defense by 2027. she's a foreign policy hawk, often attracting russian president vladimir fusion and a storage supporter of israel county is a relatively little about foreign policy. he says he also intends to meet the 2 percent defense spending go. but 3 years later in 2030, his main focus is presenting himself as fiscally

she has worked as the external monetary policy for the bank of england and the bank of international settlement. she is the adviser to the new york fed on their advisory board as well. what i always appreciate about christen how she manages to bring back the rest of the world and how the policy shocks around the world can shape monetary policy here and quites versa and keep thens of the world we have an impact. maybe an 800-pound gorilla in the room but it's important to remember that we have an impact everywhere else and can come back to haunt us. there is no such thing as las vegas in the global economy because nothing stays anywhere. with that i will turn it over to charlie, brian and christian. thank you. >> thanks very much die nan andi want to thanker the nab organizers for inviting me. i want to argue i certainly agree there is improvement opportunities but the bulk of those that operational and tactical in nature. a foundation for my perspective is good policy making. the first one inflation is rising and it's a problem. raise interest rates. there is no limit how high intere

one of my colleagues at the bank of england, i'm a part-time committee on the bank of england. she used this great phrase called the hypo wagon. you hear about this that it's going to this and that. it's being adopted. we really need to take time to think about how can this be used in a different way. initially people were worried it would kill us. so it will be the matrix, it will be those dystopian science fiction movies. i think people have kind of dropped that and realized this is not a senti and being it is what to do and not to do. one of the interesting things to think about the interaction and artificial intelligence i think one of the key differentiators is that what artificial intelligence does is take in everything that it can cram desk rabbits hands on. this goes back to the issue. but it cannot think about anything that is unknown. people say there are things we just don't have any data on, things we just don't know. that is the key where in thinking about the benefits an interesting interaction between human intelligence and artificial intelligence, where are the

carney is a former governor of the bank of canada and the bank of england, and freeland was one of mr. trudeau's most well known cabinet members before she resigned. canada's liberals were far down in the polls against their rivals, the conservative party of canada, but they surged back into contention as donald trump began making threats against canada. under canadian law, a general election must be held this fall at the latest. lori turnbull is a canadian political analyst and professor at dalhousie university, and she joins us from ottawa. good to have you with us. >> thank you so much for having me. >> so after over ten years in power, trudeau will step down sunday as leader of the liberal party. why now? >> there was a lot of pressure on him to step aside when he made the. announcement early january. i think there was a lot of relief in his party. there was a sense that he was the one responsible for the low polling numbers. they had the part. a lot of people in the party felt that as soon as he stepped aside, their their fortunes would go up for the next election. and that's wha

she has worked as the external monetary policy for the bank of england and the bank of international settlement. she is the adviser to the new york fed on their advisory board as well. what i always appreciate about christen how she manages to bring back the rest of the world and how the policy shocks around the world can shape monetary policy here and quites versa and keep thens of the world we have an impact. maybe an 800-pound gorilla in the room but it's important to remember that we have an impact everywhere else and can come back to haunt us. there is no such thing as las vegas in the global economy because nothing stays anywhere. with that i will turn it over to charlie, brian and christian. thank you. >> thanks very much die nan andi want to thanker the nab organizers for inviting me. i want to argue i certainly agree there is improvement opportunities but the bulk of those that operational and tactical in nature. a foundation for my perspective is good policy making. the first one inflation is rising and it's a problem. raise interest rates. there is no limit how high intere

. >> but waiting for ecb bank of england to cut as market rights come down fed will follow treasury yieldsnly way getting four rate cuts if this economy slows dramatically. >> rates are, in europe another example fine rates less than japan on bond yields, china is new japan rates at or near zero for 20 years, do to demographic problems, over capacity problems, they are a mess, again, the whole world is shrinking except for basically us india a little iran, egypt, ethiopia, and united arab emirates is go doing start shrinking soon demographics, it is hard to grow your economy when you don't have household information we in america have information we still have more kids than the rest of the world we deal with i mean to say immigrants no matter how they got here a better model the rest of the world all states competing with each other trump wants to bring german automotive manufacturers here so a. >> 221,000 jobless claims for the week, lower than the estimated 235,000. continuing claims coming in 1.89 million, that is higher than the 1.88 million that we were expecting, these numbers on th

and the economic establishment if britain, in particular bank of england, our version of the federal happened is they deliberately undermined my budget. carls a charles yeah. >> they announced the sale of government department the night before the budget, and and their failure to regular rate the pension -- regulate the pension market ended up getting blamed on me. and what i discovered was just how powerful the british deep tate was because they didn't just take those actions, they also spent their time briefing the press, leaking. 9 and the entire establishment worked to underpine what i was doing. but in britain we now face an energy crisis. we've got the highest energy prices in the world. our economy is doing very badly. and government debt can't be repaid. so what president trump is doing is absolutely the right e thing, but there's no doubt that the global elite, they meet at davos, they are the central banks around the world, have a particular view on the way the economy should be run. and it's not been good for any of our countries, so i'm very pleased to see that that presi

it's the former governor of the bank of canada and the bank of england, mark carney, and also chrystia freeland. i mean, most people assume that mark carney will take this. is there a reason, though, that you would hedge on that right now? >> no, i don't think so. it seems to be a lock for for mr. carney. by rights, it really should be chrystia freeland. she's been in the trudeau government for ten years. she's been in the trenches taking it on the chin. she renegotiated the north american free trade agreement with donald trump when he was last president. she's done it before. she says she's ready to do it again. but mr. carney seems to be everyone's great hope right now, certainly for liberal party members. and i think it would be a great shock if he's not elected leader tomorrow night. >> and given the fact that he is leader, he's got a little bit of boost from from the liberal party. but a lot of what is going to matter is the way he handles these negotiations with donald trump. i also want to remind viewers that although americans and canadians have gotten along literally for centu

come and be the finance minister, mark carney, who is the former governor of bank of canada, former governor of the bank of england thought that he had leadership aspirations. well, when chrystia freeland heard that during a zoom call with the prime minister on a friday, she quit very publicly by monday morning, she was like, not on my watch. so she was she was not having that that was going to be a no for her. so that that happened and that was sort of the final sort of push. but the thing is, dealing with donald trump is going to be the ballot box question in canada. so justin trudeau's time as prime minister is coming to an end. very soon the liberal party will be holding or they'll be tallying their vote on sunday. the person who wins that it's likely expected to be mark carney to come back to that name again. that is what the expectations are at this point. i don't ever want to predict politics, but that's what everyone is thinking, just based on caucus support and sort of the way that the opposition is focusing on him. so it's thought he's going to be the front runner. what happens is the prime minister will

and so when my colleagues the bank of england part-time committee and speak for myself and she is a greathrase that she calls it the highway again you know you hear about this like it's going to do this. and that printed but not quite yet is being adopted. but we really need to take time to think about it and how can this be used in different ways and now initially people are worried that it will kill us this would be the matrix is going to bee you know some of those dystopian science fiction movies and i think people have come from that now they realize we told what to do and what not to do. i think one of the interesting things really think about the t interaction between human intelligence had artificial intelligence and think that one of the key differentiators is that what artificial intelligence does is that it takes and everything that it can grab his hands on this gets back to the it issue the data issue. but it can't c think about anything is unknown. people can think about both their some things that we just don't have any data on is something that we just don't know. this reall

talking about low-paying jobs arraignment leisure hospitality jobs a proxy for ep dpoechg money bank of england data scary, look at recent poll peopled i should going to traveling next few months plunged i think the boom times over free money spent, and yesterday this is why i have a problem, steve, with the federal reserve and interest rates, because, if they look at aggregate data looks great, so the but the problem is that 10%, 50 portrays buying everyone else struggle because of higher rates a no-win situation, in other words, we've got to wait until the richest people in america stumble before any relief for main street i think, addition to blowing up all data we need to figure out for fed to reexam how they do the job transmission of policies because they keep telling us, we would a mallet we need them to we would a scalpel, heads rich people win tails rich people win. maria: what are we missing we need to understand. >> i am not worried about report i think goldilocks for everyone involved so-called miss was proxy federal jobs shrink we want jobs to shrink what we are are trying to do th

now the frontrunners are mark carney, a former bank of canada and bank of england governor but a politicalice. and the other frontrunner, chrystia freeland, trudeau's former deputy prime minister and a longtime cabinet minister for trudeau. now top of mind for the party faithful will be who they choose as that new liberal leader in terms of who is the best candidate to handle the challenge of a new donald trump administration and its near daily demands on canada's economy. now the winner, though, may not be prime minister for long, an election would be called in canada within a matter of days or weeks. now, before donald trump set off a tariff war. justin trudeau's liberals actually seem poised very close to losing any kind of a national election. the conservative party was way out in front in the polls, but before donald trump was inaugurated, the liberals had less than a 1% chance of winning. now that's jumped to 37% chance of winning. why president trump's threats and canadians desire for an experienced hand to deal with them have helped raise the party's fortunes and make canada's upco

so he persuaded parliament to establish the bank of england. modern. modern, modeled after the bank amsterdam and a funded to finance war with france which had four times the popular and riches of britain. the dutch the dutch king's glorious revolution, obviously named by the faith, those who favored the operation was a giant step forward for representative government for guaranteed liberties for global capitalism and for opposition to hegemonic tyrannical powers. and within this was a step forward with enormous for america. king james had been busy abolishing the colonial legislature in north america. king william restored them and it was with these legislatures that founding fathers franklin, washington, adams, jefferson, hundreds of others gained their education and what coolidge in 1926 took care to emphasize an orderly process government which could produce a declaration that was the political action of a duly and constituted representative public body. the founders, a federal republic with sovereign states, a structure closer to the dutch republic

one of my colleagues at the bank of england, i'm a part-time committee on the bank of england. she used this great phrase called the hypo wagon. you hear about this that it's going to this and that. it's being adopted. we really need to take time to think about how can this be used in a different way. initially people were worried it would kill us. so it will be the matrix, it will be those dystopian science fiction movies. i think people have kind of dropped that and realized this is not a senti and being it is what to do and not to do. one of the interesting things to think about the interaction and artificial intelligence i think one of the key differentiators is that what artificial intelligence does is take in everything that it can cram desk rabbits hands on. this goes back to the issue. but it cannot think about anything that is unknown. people say there are things we just don't have any data on, things we just don't know. that is the key where in thinking about the benefits an interesting interaction between human intelligence and artificial intelligence, where are the

see a fiscal premium driving europe, but the front end could also be coming down because the bank of england bank's are dealing with negative growth shocks, which is more immediate than everything else being priced in for the next 24 months, which reinforces our call that we will see a peak in the dollar probably this quarter. you should be buying the dollar to trade it to generate alpha, hedge risks of a weaker dollar over the next two years. that is where the markets are completely dislocated drivers. annmarie: i would love to get your sense about what you think this crypto reserve could actually mean for the u.s. dollar, could it hurt it? mark: it could. it is an alternative source of currency. part of it here is probably a little bit more rhetoric, more entertainment value than any kind a real policy that comes in place from a crypto reserve. anything that reinforces alternative currencies to the dollar which the u.s. is building assets around would mean a weaker dollar. if this was done in principle and practice, something that would weigh on the dollar, because you are funding an alter

as bank of canada and the bank of england. >> could that relationship between carney and trump perhapsis? >> you know, it's all together. >> it's all better. it's all together. >> possible. i know mark, he's talented and he'd be an exceptional person to sit down across the table from any number of people in washington. that being said, if donald trump short cash and he needs it for his tax cuts, then that's a whole different issue. >> it's just the retaliatory stuff they talk about. ontario's doug ford, the premier there, saying that he would charge a surcharge on canadian electricity exports to the three states that pick it up michigan, new york, minnesota. i think there's 1.5 million americans that get their power from there. and he said they would even consider cutting power off if things get ugly enough. so we'll see how this plays out. >> slippery slope, these things. and it's very dangerous. and you know, i think the negotiations like this should be done behind closed doors. and hopefully we'll resolve this very quickly. >> ambassador heyman, thank you. it's great to see you. >>

england and wales a campaign group has said. a former boss of barclays, who was ousted from the bank will seek to clear his name in court this weekon the list include xrp, solana and cardano. the total cryptocurrency market has risen around 10% — that's some $300 billion — since trump's announcement on sunday. trump has previously said he wants the us to be crypto good to you. so another ti: hours in the world of cut-— crypto. yes, it had not been so well crypto. yes, it had not been - so well for _ crypto. yes, it had not been - so well for crypto - crypto. yes, it had not been - so well for crypto so l going so well for crypto so far this year. you had the failure the trump coins which of the trump coins which collapsed in price and an argentinian did the argentinian version did the same and there was a major theft of a dubai —based firm -e—— the price was down by and the price was down by nearly quarter. so this news nearltla euarter; seth-me: — — . —— president trump from president trump following through from promises through from campaign prom isss quite through from campaign errmrses quite 5 5 source of is public guitera b

bank of america has a model. mark zandi, action economics mike england has a model. we put together the average of 20 models.l is the right model necessarily. what you see in the atlanta fed is a massive decline or subtraction from the import growth. and this relates to the data that came out today. and the reason you need to understand that is when we import a lot of stuff, it's a negative for gdp until it sold or ends up on the shelves as inventory. at this moment we are not counting it where it's gone. it's just come in and some of this looks like it was a big gold import, which is a weird thing. other parts of it, however, could be front running the tariffs. so you would have a negative subtraction in january maybe in february as well. until things normalize and we figure out what the trade rules are and companies can get back to a more normal or average instead of front running these tariffs. it's good news, by the way. the claims number did not go up more broadly. i am still tracking some additional claims or continuing claims in dc, virginia and maryland. they have been up about 10 or 11,000. again, f