i think -- ink nex year. >> reporter: there is hope for bobby bostic.new bill sitting on missouri governor parson's desk waiting for his signature which will give bostic and others who were sentenced as juveniles the ability to petition the parole board for a hearing. but that is no guarantee that bostic will be released. he is a lot closer. i do want to point out under this complicated formula, if the governor does not sign that bill, bostic is eligible for parole -- wait for it -- when he's 112 years old. >> i know. you hear that story and you have to wonder why he is not out today. >> yes. >> that somebody looking at this story, hopefully will step in. this makes no sense to me. >> this is why the judge is speaking out. she even helped him petition the supreme court in 2017 -- >> is there more she can or should do? >> flono. 's it's surprising judges can't have a do-over. she's coming out -- she's even gl - these guys are forgotten which is why we do these stories. >> i wonder how she came up with the 241 years in the first place. >> there were 17 co

raphael bostic did just that. he shifted his rate hike given up -- he said, it looks like the economy is well on its way to recovery from the pandemic. very interesting. on this call, he said if jobs growth is strong, if it is healthy in the next three to four months, it will be appropriate, he said, to start planning the taper. that could start tapering by the end of the year. he said the economy as well on its way to making headway towards further progress on maximum employment. etc. very importantly, let's read what he said. "in my view, we are close to meeting that standard. i think we will reach that standard given this is a distinct possibility, it is appropriate to be planning to start the taper process." fed officials have said, of course, we are not going to start raising rates before we start tapering. taper by the end of the year. you are ready to hike rates in 2022. consensus is not there, but important moves have been made. haidi: the dallas fed president giving strong indication for a rate lift often

and when bostic, who is over there at the, the atlanta branch of the fed, right. he is openly, you know, prevaricating. how do you like that for an ivy league word? well, if i didn't say he was lying, did i use prevaricating? yeah, that's called fed speak, right. so you mention expectations, and this is something that we've also been covering is that the mindset once the mindset changes, it's hard to put it back where they believe it belongs. right? so part of the reason why, you know, the fed and their academics in their ivory towers thought the inflation would be transitory, is that the higher prices would pull and more supply a manufacturers, a start manufacturing more stuff. suppliers would start supplying more stuff. but that hasn't happened, and part of it is to do with at the same time as bostic at the atlanta fed is saying that temporary inflation looks like it's going to be a little bit more permanent. that we thought, well, the feds, powell said, enhanced unemployment benefits may be a factor and limiting job growth. not only did workers get all these en

so in an interview this morning on m p r bostic, who is the president of atlanta fed, said quote, temporary inflation is going to be a little longer than we expected initially. rather than it being 2 or 3 months. maybe 6 to 9 months, which will become 9 to 12 months and then 12 to 18 months, and then 18 to 24 months. and that's how quantitative easing was. unrolled and unveiled to the population. right. weight, you know, we predicted that inflation that would show up in the c p, i wouldn't show up and prices for stuff actually pay. think housing was up 25 percent in the last 12 months for example. yeah, we said hey, that's going to be the outcome of all this money printing and wants to get through the labor. think of having chinese labor and all of our manufacturing jobs shipped to china. but now you've got a wage parity between china, the us around the world, so you don't have that sync that is hiding the money printing anymore. so now it's just the money print thing is like a, a washing into the economy in the form of these higher prices. and once you get the inflation, there's that conce

raphael bostic both saying it may happen sooner rather than later -- tapering may happen sooner ratherhan later. we're going to be digging into price expectations but investors assesing the recovery and the fed. that is dominant. how hot are the markets running? joe: we're looking at the nasdaq over the last two years. pretty extraordinary. how many times have the fed made policy mistakes? the fed is caught in a box of its own making. the fed is in a corner. the line is going up to the right. there you see it with the nasdaq, new record highs. let's bring in bloomberg news reporter amy for more. the lines keep going up. amy: it feels like it. volumes like caroline noted are down. if you look at the s&p 500, volume was 20% lower across the 20 day average. you saw a hick up the s&p 500 when you had bostic make hawkish noises that he sex -- expects a 2022 lift off and they could expect bond buying in the next two months but they are back on top. caroline: everyone seems to be chilling out and having a fun summer. what was their action in terms of -- i don't know whether we are going to be

atlanta's raphael bostic says the strong u.s.ery means it might be appropriate to start slowing asset purchases in the next few months. he also favors lifting rates in 2022. robert kaplan is also forecasting lift off in 2022 and believes the u.s. economy will meet the threshold for tapering sooner than most believe. sources say the u.s. is set to ban solar products made in china's changing province over suspected human rights abuses. the move what mark the biden administration's biggest action yet against beijing's alleged crack down the uyghur muslim minority. xinjiang produces roughly half of the world poly silicon material for solar panels and semiconductors. john mcafee has been found dead in a spanish prison cell shortly after it was announced he would be extradited to the u.s. to face charges of financial crimes. the creator of the mcafee antivirus software had been jailed in spain since october on u.s. tax evasion charges he owed more than $4 million to the irs. a spanish newspaper reported that he appeared to have died by

atlantis raphael bostic says the strong u.s.my means it might be appropriate to start slowing asset purchases in the next few months. he also favors lifting rates in 2022. dallas fed president robert kaplan is forecasting a lift off in 2022 and believes the u.s. economy will meet the threshold for tapering sooner than most believe. meanwhile, sources say that u.s. is set to ban solar products made in china's xianjiang autonomous region. the move may be announced thursday and that would mark the biden administration's biggest action against beijing's alleged crackdown on the weaker muslim minority -- the uigher muslim minority. japan supreme court has ruled that married couples must share the same family name, rejecting a challenge to a 19th century family registration system. three couples argue that the inability to use separate surnames was a breach of their right to equality under the constitution. in its ruling, the court said the matter of shared family name should be debated -- should not be debated by lawmakers are parlia

when in short your ragged -- at bostic? you must drop that name now and think of yourself now as richard hunter esquire said our hero smiling. a young gentleman on the way to fame and fortune added bostic now as formulaic is drag a -- may have been it is one of the authors better works and it was an instant success as a serial and student and schoolmate and it was also a success as a book as i said, he rewrote and enlarged it in book form, and this was followed by five other titles in the series beginning with as posix said at the end of ragged -- fame and fortune or the progress of richard hunter. and raggedik has what are and most of the algi's books a poor young hero the symbolic rite of passage of a new suit of clothes and a benevolent patron who helps him rise, not from rags to riches but to respectability. the 1868 first edition of several thousand copies sold out within a few weeks and a second edition appeared a few months later. it was erasiologist's most popular story and in 1947 the grow your club of new york cit

we so a rafael bostic who was raising rates and thousand 22. bullard said his forecast was to 5%.fter 3% this year, i would mean the average inflation would be to percent and going even higher in 2022. if that were the case, that would give the fatty cover to pivot to a more aggressive tightening stance. just like the former new york fed president said, we should listening to williams. we should be listening to jay powell. other -- these other individuals are giving cover for the fed. joe: under bernanke, you had this phenomenon. to what degree, how does the consensus under jay powell compare? is powell doing a good job relative to predecessors of keeping a fair amount of consensus and singler opinion of this wide-ranging review? >> i get the impression he is. the most interesting question that is still unresolved is if you are going to have an average inflation targeting regime, over what time span are you going to have that target echo they have not said anything about that. there are two reasons. one is they want to see how the data pans out the second is there may not be clari

so in an interview this morning on m p r bostic, who is the president of atlanta fed said quote, temporary inflation is going to be a little longer than we expected initially. rather than it being 2 or 3 months, maybe 6 to 9 months, which will become 9 to 12 months and then $12.00 to $18.00 runs and then 18 to 24 month.

well, the 2 were bostic missions are expected to launch between 20282030. we hope these missions will further our understanding of how the earth evolved and why it's currently habitable. when others in our solar system are not planetary science is critical in answering key questions that we have as humans like, are we alone? what implications beyond our solar system? could these 2 missions have nasa scientists and have a gosh says best a much more to learn about venus. when you think of nasa, we think of mars and mars landings, but we often forget that there's another, another dining table which is green us and it's a fascinating planet we know of a little of. so the temperature on venus is more than $300.00 degrees centigrade, the surface temperature, it is still volcanic, really active. it is still tick. tock picked on equally active. very interesting. the. there was a signature of a gas called foss feed, which might be the hint of possible life on venus, so that this call an ounce meant of to mission mission. so the 1st mission will just go through the a

so in an interview this morning on m p r. bostic, who is the president of atlanta, fed said quote, temporary inflation is going to be a little longer than we expected initially, rather than it being 2 or 3 months, maybe 6 to 9 months, which will become 9 to 12 months. and then $12.00 to $18.00 runs and then 18 to 24 months. and that's how quantitative easing was enrolled and unveiled to the population. right. weight, you know, we predicted that inflation that would show up in the c p. i wouldn't show up and prices for stuff actually pay think housing was up 25 percent.

the 2 are bostic missions. i expected to launch between 2028 and 20. as he they, i had lines. let's get back to the top. yes. the, the health of humanity is at stake. a global pandemic requires a global response w h. the guardian of global health. delivering life saving tools, supplies, and training to help the world's most vulnerable people. uniting across the board as to speed up the development of tests, treatments, and vaccines. working with scientists and health workers to learn all we can about the virus keeping you up to date with what's happening on the ground. in the ward and in the lab. advocating for everyone to have access to a central health services. now, more than in the world needs w. h. making a healthy world to use for everyone. ah, ah, no. i know, i know you want to find out what any of this has to do with this new crypto p. revolutionary internet will get their promise. but 1st, we need to go from bit coins, original block chain to hundreds of block chains, back in 2011. when charlie lee was a google engineer, he wanted to foster and light version of photos

the 2 or bostic missions are expected to launch between 20282030 . those are your headlines next. this crypto piano. ah 70 years ago i made a film about the history of money banking and bitcoin. what was going on back along that we said it's going to be a bumpy ride. and now some of the big brains and speak egos for champions crypto currency claim. they are building a crypto utopia magic i think that will happen is something called block chain technology. and it just might change your life and they really could compete with if not even take down the facebook and google's in the amazon. my name is austin hoffman and i am going to put some of these claims to the test. forget all the hype will explore the true potential of this new invention. see who is already using it, making it really easy and simple for people to pay for the thought. or are we up and go deep into a secret bank that holds billions in bitcoin. but they are those who want to kill it. join with me in introducing a bill to outlaw crypto currency so that we nip this in the bud or change the world with it. welcome to gr

. -- talking tightening, the feds raphael bostic sees heights next year. they think it might taper sooner than you. saying goodbye to its most hawkish member, a former policy member says the bank does not have an inflation problem, yet. results of the feds stress test, the biggest wall street banks are all set to pass, paving the way for them to double their shares of the payouts, over 100 and $40 billion. good morning. it is now clear who is made 2022 club. you have a growing dissidents as you coined it yesterday. dissidents but no mutiny on the fed. bostick, all in the 2020 camp. i put it to you, dani burger and that the fed has a communication problem. williams and powell, hammering home the taper, these guys, trotting along with hikes. good morning. dani: good morning. i agree that this is an issue if you are investor trying to figure out the environment. if i can play devils advocate, what if this allows the fed to move in different directions depending on the data comes in. perhaps these disagreements are a good thing for them. manus: yes, i do not d

bostic yesterday saying that we might look at tapering in three to four months. but we will wait and see. jonathan: we will catch up with mr. dudley, bill dudley, and federal reserve bank of new york president. equity futures with a list this morning. -- lift this morning. we advanced .5%. it is thursday morning. this is bloomberg. ritika: u.s. officials are confirming that details of the genetic makeup of some of the earliest samples of coronavirus in china were removed from the american database where they were stored at the request of chinese researchers. officials say the data first submitted to the u.s. based archive in 2020 were requested to be withdrawn by the same researcher three months later. south africa's daily covid-19 infections rose to nearly 17,500, the highest number recorded a quarter to the national institute of communicable diseases. with 1.8 6 million people infected and more than 59,000 deaths, south africa has the highest number of confirmed infections on the continent. croatian cryptocurrency exchange backed by a group of billionaires is i

rafael bostic saying the u.s. is 9 million to 10 million jobs short. do we get there? i think we will get there but i think there are structural issues that have nothing to do with the fed or monetary policy. we know many people retired so we need to cap them out. i know jobs have -- so many to count them out. i know jobs have changed as well. at the end of the day, the view is that there is still some cyclical slack left. but not that much. we could get there sooner than what many expect. there are still some lingering structural issues in the labor market, that is probably yacht what the fed can address with monetary policy. lisa: i am preparing myself for the debate about whether enhanced unemployment benefits have hindered people from getting back into the labor force. the wall street journal is saying that early numbers suggest that for places like missouri more people were coming into the labor force after the decline in benefits. what are you going to be looking for to confirm or deny those arguments people use to chart out policy going forward? thomas: right. i

. >> we're paying attention to comments from the president of bostic this afternoon as well. you have stocks, you're not necessarily recommending sector base bny melon truest financials. you do like viacom, verizon, and merck. >> we think those fall into the market school. the stocks we just listed there are selled under 12 times earnings, hang anywhere from a 2% to 4% dividend and have very good prospects in terms of business good business, great price let's take bank of new york, for example. they benefit significantly by any sort of rise in rates. if and when the fed does raise rates, and we know it'll happen at some point, they have hundreds of millions of dollars they're not getting on their money market business. they'll fall right into the bottom line and you're paying 12 times earnings for it. so, it's a question of when, not if, and you're getting it at a very good price. it's around tangible value rarely do you get a good financial institution at that sort of price. >> david, we'll leave it there thank you for your time today. >> thanks a lot. have a great day >> yo

on events, today, we have speeches from harker, we have the beige book coming up, we have evans, bostic of fed speakers. maybe we can get a look in terms of the macro. thank you for spending the past hour with us. i will be back with the market open next. dani will join me for that. futures are pointing nowhere but it's going to be exciting, i promise you. this is bloomberg. ♪ emily: -- matt: welcome back. investors wait for friday's payroll stickers to decide which three to go. all accents gains after closing at the highest level since october 2018. the world's top meat producer looks to reopen both u.s. plants today after a crippling cyber attack the late russia group is not to behind the situation. the cyclic futures right now. a whole lot of direction in terms of futures picture. we did not see much direction yesterday. even less today after the stoxx 600 rose to an all-time high. use futures are up. -- u.s. futures are up. here is a look at your macro mover screen. your left out: -- left-hand column is where they will populate as they open up. your ftse 100 out of the gate is not d