carney, of course, sits on the mpc and the spc, which looks at financial stability.m, and by raising the capital buffer, that's in essence titans conditions. so, it kind of gives the mark carney more leeway in terms of holding off on any changes in monetary policy come august. of actiono -- a lot in the currencies as we hear from the central bankers. the euro's rebounding after falling to a against the dollar after the ecb said the market misjudged president mario draghi's speech. meanwhile, the pound is rising as mark carney says removal of some monetary stimulus is likely to become necessary. markets havend reacted very strongly to a speech by mario draghi yesterday. euro depreciated, bond yields have gone -- all of this chris putting the danger the progress that the ecb is doing. it was sort of a message control. we are saying that mario draghi is not signaling any imminent tapering. >> mark carney now saying the bank of england may need to begin raising rates. earlier, week ago, he suggested he was not in that camp. >> his, suggested august 3 will be a tricky mee

carlet: that was mark carney discussing climate change with francine lacqua.inancial disclosures with michael bloomberg. the chinese premier asserted the need to combat climate change in his speech at the world climate for him. he talked about china's changing role in the global economy, a topic stephen engle discuss with several guests. stephen: what did you take away from the premier's speech, claiming china can withstand all of these challenges, they will meet their targets, there will not be any hard landing? eswar: china was sending a very soothing message but also a very clear point the lead up to the party congress in november, to make inroads with financial stability. next year is the year to be concerned about because we might see some unpredictable consequences, and it could come to a head, but this year is ecure. what is even more interesting about the speech is the international aspect because if the beginning and throughout, there was a motion of taking on the globalization mantle. there was the free flows of capital. all of these have permeated h

mark: mark carney now saying the bank of england may need to begin raising rates.week ago, he suggested he was not in that camp. >> his comments today now suggest that august 3 will be quite a tricky meeting. i'm not sure you will get a rate hike at that point. we are getting close to that point where the trade-off between tolerating higher inflation to support growth, which has been faltering may not , be worth it anymore. jonathan: rupert murdoch's 21st century fox inches closer to securing sky in the u.k. the first we learned from the u.k. government there were a -- they were inclined to refer them to a regulator and then we heard from the regulator that they see no broadcast standard concern. is mr. murdoch a happy man for the news out of the u.k. today? >> it is really interesting to see the sky shares surge. i think they are surging because this is not the worst case scenario for fox with its proposed takeover of sky. what would have been the worst case scenario is an outright rejection. what the government has said is that they are planning, they are minded

this is nothing mark carney has highlighted -- another thing mark carney has highlighted, will investmentot? we have no idea. the corporate sector doesn't have much visibility and it is the lack of visibility that is as much of a problem. you can speculate on will it be a cliff h, whether be a two-year delay, the fact is you will be up to speculate that -- speculate on that for months. laurence mutkin, you will stay with us. second quarter earnings surpassed estimates. more details. >> netflix announcing set a quarter -- second quarter results, but now a higher in violation. a positive sign for the company. they added a lot of subscribers. forget the free cash flow burn, the cash flow losses, the needle from -- profitability, the company added over 300 million subscribers. international subscribers are seen as the hope of this company. competition from hulu, hbo, amazon prime, showtime, fx and many others, all of that competition is raising the cost of content. he still see a little profitability, that number really that jumps out is how many users they have. as long as services are addin

mark carney last week, vital resistance points to parent 1.30 and 1.34%, according to a tech analyst at bloomberg. 1.25% is where we are today. paypoke to ruth about world , the big gainer and european equities, the biggest gainer with shares soaring today, up by 27%. record advances while the payment processing company, the former unit of rbs. certainty an offer will be made, it has to comply with u.k. takeover rules. jpmorgan must say by august 3, whether they intend to bid feared the biggest gainer by europe, let's get the first word news. has ratcheted up a geopolitical tension by announcing it launched its first intercontinental ballistic missile, president trump said they need to be run day and. ined in. it is official, president trump will have his first meeting with the russian president this friday. that according to the white house. they will meet while they are in hamburg in germany at the g-20 summit. the justice department wants critics of president trump's travel ban to leave questions about it to the supreme court as the state of hawaii challenges the enforcement, the

a mily in shock. 19-year-old amanda carney stabbed to death.rities say an inmate abducting the stepdaughter of a warden on the prison grounds. where the entire family lived.tg setting off a tense gunfight, a heavily armed s.w.a.t. team responding to the emergency. fatally shooting the escaped prisoner. deltra henderson, a prisoner to home which was located on the prison property. when authorities believe he kidnapped carney and allegedly stole her car.rs trying to determine whether the inmate was properly supervised when he allegedly snapped. carney had just graduated from high school, and was planning on going to college for nursing. a candlelight vigil is planned in her honor. david. >> all right, kayna, thank you. when we come back on friday night the water accident here on the hudson in new york city. the ferry hitting a pier, dozens injured. al t charter bus burst into flames on an american highway. >>> and new developments in the death of a young american woman in mexico. the family blaming tainted alcohol at a resort for their daughter's

when authorities believe he kidnapped carney and allegedly stole her car.ht, investigators trying to determine whether the inmate was properly supervised when he allegedly snapped. carney had just graduated from high school, and was planning on going to college for nursing. a candlelight vigil is planned in her honor. david. >> all right, kayna, thank you. when we come back on friday night the water accident here on the hudson in new york city. the ferry hitting a pier, dozens injured. also the charter bus burst into flames on an american highway. >>> and new developments in the death of a young american woman in mexico. the family blaming tainted alcohol at a resort for their daughter's death and the mexican government is now responding tonight. what they're now saying. ...i kept looking for ways to manage my symptoms. i thought i was doing okay... then it hit me... ...managing was all i was doing. when i told my doctor,... ...i learned humira is for people who still have symptoms of moderate to severe crohn's disease... ...even after trying other medicati

carney had just graduated from high school, and was planning on going to college for nursing.dlelight vigil will be held in her honor. david. >> all right, kayna, thank you. >>> when we come back on friday night, the water accident here on the hudson river in new york city. the ferry hitting a pier, dozens injured. >>> also the charter bus burst into flames on an american highway. what investigators are now saying about these images tonight. i was doing okay... then it hit me... ...managing was all i was doing. when i told my doctor,... ...i learned humira is for people who still have symptoms of moderate to severe crohn's disease... ...even after trying other medications. in clinical studies,... the majority of people on humira... saw significant symptom relief... ...and many achieved remission. humira can lower your ability... ...to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened;... ...as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure.

we also saw an interesting u-turn from the bank of england where the governor mark carney rateslking about interest , did an about-face, allowed for the withdrawal of stimulus. the fed has been on a slight tightening monetary stance but it is now looking like it is no longer data dependent, which is interesting. certainly more focus on the fed looking to unwind its balance sheet before the end of the year. vonnie: i'm going to push you on what you mean by no longer data dependent and with the 10-year at 2.3% today, albeit a letter trading day, could that move higher by years end? the key technical level bond strategist will be looking at is 2.6% on a 10-year yield. you'll recall previously that was regarded as a tipping point, if you like. we got up to take points -- 2.6 and then retreated from that. what will be important if we break that level, some evidence that market-based inflation expectations are starting to turn around. one of the interesting things is inflation expectations have been declining, we have seen the inflation gauge fall back to 4.4%. that's an important indicati

early this morning, governor carney signed a short-term measure that will fund the state for just 7 2rs and means government is still on raperati. people we spoke with want to see lawmakers come together for an agreement. >> you need to cut somewhere because the economy is not what it used to be, but if people would compromise and get off the party lines, i think we'd all be better off. >> the general assembly will get back to their budget debate tomorrow at 1:00 p.m. >>> it will cost you more to ride with septa. fare increases went into effect today across all modes of transportation and for all methods of payment. the increase was approved after a series of public hearings in may. for a complete breakdown of the fare changes, visit our website or tap the nbc 10 app. >>> next on nbc 10, caught in the crossfire. a night of celebrations turns into a nightmare after gunmen opened fire inside a nightclub. >>> plus, more than a game. how a local program is using basketball to teach kids skills they'll use on and off the court. >>> and the wawa welcome make events keep on rolling. here's a

. >>> today in delaware, governor john carney expected to sign a bill that will allow fantasy sports to legally operate in the state. according to the site, fan dual and draft kings would be considered games of skill and not a form of illegal gambling. companies who run face 15% tax and $50,000 annual fee. >>> homeless advocates will travel to washington to call on lawmakers to not cut programs to combat homelessness and create affordable housing. >>> in ocean county today. new jersey's pineland will hold a public hearing on a disputed pipeline project. packed with protesters. court ordered today's hearing after environmental group filed a lawsuit to stop the gas line from being built through the pipe lands. supporters say the pipeline will address energy needs and create jobs. meantime work has been stopped for now. a judge wants the pennsylvania public utility commission to hold a hearing next month on whether the company violated an agreement with west goshen township. the township says sunoco jumped the gun on construction. disputes the company's decision to move a valve control

hour contracts sort of gig economy jobs well yeah of course the chairman of the bank of england mark carney he's been chatting about the need to possibly raise rates because the economy according to what he sees a showing inflation of course brought on by the cheap europe brought on by the catastrophe that is breaks it and of course that will never happen he will never raise rates really in the foreseeable future because his job is to keep money as cheap as possible for the oligarchs he's not going to buck the trend and say i'm going to raise rates i mean he can say it to try to job on the pound higher and to try to scare markets into reaching some different state but he's just i couldn't do it obviously because he ceased he's never is just can't do it that's not his his job as as a as a tool of oligarchs is to keep them cheap he's going to flee to canada long back to canada long before the interest rate apartheid wall falls down of course we're going to pull down the interstate apartheid wall i think you talk about that all the time how i think the people well eventually pull it down one d

data coming out of the eurozone as well comments from central bankers including mario draghi, mark carney also fueled a little bit more movement. i think what we're seeing are still movements within the year to date ranges we have not seen anything that has come outside of the ranges that we've seen so far >> how do you reconcile this with the fact that inflation numbers are still low. and the price component of the ism manufacturing index, that was quite low as well. that really doesn't go together with the bond selloff, does it >> i think it's something the central bankers in particular have to grapple with growth figures on the one hand, inflation is continuing to disappoint on the other hand not just in the u.s. but in the "u" and elsewhere. i think it's something that at the moment you can look through, so you can see temporary factors in the u.s. with wireless, various things that are dampen down inflation we think that technology and the impact of that is continuing to have a depressing impact on inflation and will continue to do so. obviously in the eurozone as well, inflation rem

there is only a few years where they let inflation run hot before carney's time.flation pushing for percent to 5%. for twoere overshooting to three years on inflation. that is the kind of bank of england we have. there is a different discussion because of the economy and credit. maybe because of our overindulgence in cars and mortgages. let's talk about the european central bank. any bund traders up there, listen to this. you have been complacent about your long positions and shaken from your tour poor. how was an aggressive move, we fully priced for any nuance within the european central bank of for the next six months, 4.5%. steven: it will be known as the centrist shot. -- shock or scare. manus: i like centrist shock. trouble is with these zero tendency bond market is that it does not take much to shake them. i have asked the question what could possibly go wrong with the bond market. everyone was expecting inflation to stay will which it probably will do. everyone knows the ecb is cornering the bond market, they are running out. it is only a matter of months a

joining me, tim carney. this trending topic on twitter took over on the 4th of july.ks of cnn being so solve-involved they can't see the rest of the world. >> it seems that cnn is what cnn says donald trump is. thin skin, an organization using its power to harm anybody who criticizes it. you have cnn issuing threats saying stay on my good side or we'll come you have a even harder, demanding an apology. as journalists we are given this access, given this megaphone to help people in the country figure out stuff and know stuff about the way the country runs. but cnn is using its resources on this. dagen: cnn had to issue another statement. cnn decide not to publish the name of the reddit user out of concern for his safety. user who is an adult male, not a 15-year-old boy apologized and deleted his account before speak with our reporter. cnn never made any deal with the user. the fact it was a joke. why are we treating this like it was some threat to the safety of our nation. >> i think it was embarrassing that president trump tweeted that out. that's the story the way th

this comes after the hawkish comments by mark carney this last week. comments when he basically reversed his earlier comments. shifted expectations. arney is worth -- carney has history of not following through rates.threats of hiked it is believed the bank of england will raise rates within the next year. vonnie: the central bank tendencies into be bearish u.s. dollar and bearish u.s. bonds. 0.4% good forut the euro and the yen. steeper yield curve. almost 97 basis points. this is that the first page of our emerging markets. reversing some of those trends you have seen up past the election with the pace of trading at 18.32 and the ruble was just under 60. it was above 60 at one point. we must keep an eye on those as crude oil rises. here is taylor riggs. >> oil has been the story. when you start with an intraday chart here. you can see this big spite after oil and then tories were released. there has been a larger than expected drop in inventory. it is pushing the price of oil up. this is good news but it is not necessarily translating some of those l

mark: is a more cautious mark carney warranted?rts to counter a slowdown in consumer spending, do you think the more hawkish rhetoric from the governor and rum those three who voted for a hike last month, is it warranted given what you have just told us. ? jacob: i think there is a fascinating split. what we would characterize carney as still broadly on the side of the doves, although the framing of the position in the than inas more hawkish his mansion house speech. he says there is still time to look at the data unfolding. there is no need for urgency and action. whereas on the other side of the time, theyow is the are saying. what has happened is that rank of england believes full employment is 4.5%, and we are at 4.6%. there is not much to spare capacity out there. as we get closer to full employment, their ability to tolerate above target inflation is diminished. in that sense, i think, if the continues, we would get a hike from the npc. probably not in august, because we think we only have three hawks out there. you need five

this goes back to mark carney's conundrum.ou look at, if some of the pipeline pressures, there is our the evidence that the impudence from -- it is and -- impetus from fx, input prices have peaked at the beginning of the year and have dropped back. as you look at the strength of , crude oil prices will not have the inflation of the second half of the year. reason to believe he will to start to see some diminishing inflation pressures. in terms of the bank of england's target, it is likely will be about that target in 20818 but even if we just see the emergence of signs about reversing, i think that is good news. francine: actually, this is something we are seeing a little bit here in the chart. let me talk you through it. this is the u.k. one year inflation swap. we title this, it shows the u.k. inflation expectations are fading from 2017 and that overshadows the retail price pick up. are we worrying too much about inflation? iaian: i have been very surprised of what the bank of and what has been saying. yes, near-term inflati

that means mark carney can have a sigh of relief.nterest rate hike that minority policymakers supported. let's look at growth and what it means for inflation. unexpected.le bit foreign-exchange sitting on support or resistance, we will comb that through surveillance this morning. while you were sleeping in the europe,tates, even in the second attempt at a health care bill in the senate died. death, senatee majority leader mitch mcconnell talking about giving the president what he wants, and outright repeal. peter is with us from rbc this morning. we have good perspective on slower gdp and the challenges. kathleen, what stuck out to you in the soiree last night? : their strategy forward now that they've had to abandon the replacement effort is a straight repeal. it does it sound like they have the votes for that either. that is similar to legislation they passed last year when president obama was in office. definitely there were only enough republican support to pass it because they knew that obama would retail it. office, trump is in

governor john carney signed the budget bill into law. meantime new jersey's budget stalemate continues. now into day three of the state government shutdown. governor christie and state assembly are split on overhauling the state's largest health insurer. shutdown took effect after the budget deadline passed friday night and as a result state parks and nonessential services are closed. we'll have a live report from trenton coming up at 6:30. new from overnight, investigators in dplagloucester county look for the cause of a fire at an auto body shop. flames ripped through the shop. took crews about 90 minutes to put out the fire. no one was hurt. >>> 6:06. man accused of road rage murder in chester county is in prison. david turned himself in yesterday after a four day search across several states. authorities saying he shot and killed bianca roberson last week. merging lanes on west ocean township. roberson's parents listened as they announced his arrest. recovery of truck and gun believed used in the murder. loved ones and friends of the

angie: we did see carney's recent hawkish resource strength in the sterling but when it comes to theond half of the year, goldman sachs is sticking , hsbc is still seeing a deep appreciation -- how about you? extent that is going to be a function of which direction the u.s. dollar goes. probably better played positioning for sterling underperformance as opposed to outright weakness versus the dollar, particularly over the course of the next couple months. i think we have long euro-sterling positions as more attractive. stay with us, you will join us in a bit. juliet has more of what's coming up. juliette: the hawkish rhetoric of the major peers, we are counting down to the latest policy decision from australia's central bank as the aussie continues to be stubbornly high against the greenback. it has reached a five-week high against the kiwi. the latest rate decision, sales set to% in may and are remain at a record high for the 10th month in a row. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is bei

yesterday morning, john carney signed a funding measure to keep the state government running for 72 hours. this is the first time in delaware's history that state lawmakers have failed to meet the budget deadline. >>> this is the aftermath of yesterday's severe weather that swept through the region. this is at lehigh valley international airport, strong winds flipped over several airplanes. the driving rain also caused some damage. nobody was hurt when the small plane flipped over. heavy wind gusts did shut down the main departure terminal after a window shattered and roof started leaking. crews had to chop up trees that were knocked over by the storm. the damage delayed flights, crews have been repairing that departure terminal as expected to reopen later on today. >>> today is the fourth day of the wawa welcome america fess tastes and follows this stunning fireworks show last night as the spectacle lit up the sky. >>> let's look at some of the wawa welcome america events happening today. this is a live look at the philadelphia museum of art. this is where you pay what you wish to get in

that isn't the issue that mark carney is dealing with.ecurity and hospitality staff are set to strike for the first time in 50 years over pay. peter dixon from commerzbank and steven barrow are still with us. it is actually quite intriguing that they are striking. we are not used to seeing anyone in the u.k. striking. if they are over pay it has to do with inflation and that was the problem we had. how do you manage that with wage growth going nowhere. around 40 years ago you'd be more used to strikes. i think the bank, it sort of embarrassing in a way because obviously the inflation is outstripping the wages. that's true across the public sector. the sense it's all part of biggest area policy which the central bank has been putting in place. the bank of england would argue from economists point of view we are giving some help and support by keeping interest rates low, but obviously with prices widening. they are unfortunately being squeezed. it is a problem which many middle income face. not a lot we can do about that. francine: what doe

yesterday, john carney signed a spending measure to keep the state government running for 72 hours. temporary measure. this is the first time in delaware's history that state lawmakers failed to meet the budget deadline. ♪ >>> just beautiful. today is the fourth day of the wawa welcome america festivities and it follows the stunning fireworks show on the delaware river last night as the spectacle lit up the sky over pen's landing, the fireworks were choreographed to songs like patti labelle and boys to men. today is free museum day at the barns along the ben franklin parkway. you can check out performances and hands on activities. this is all part of the wawa welcome america festival. we're quickly aproeproaching th big event a. thef philly pops live concert tomorrow night. on the fourth, the celebration of freedom and independence day parade from 10:00 in the morning to noon at independence hall. that leads to the big finale, the july 4th concert head beened by mary j. blige. followed by the fireworks show  on the ben franklin parkway at 9:30. >>> coming up, we'll take you on a to

governor john carney intends to sign proclamation calling lawmakers back into session every day untila deal is reached. the fiscal year for delaware started yesterday. the sticking point? higher income taxes. republicans are against it, democrats are for it. >>> and now to a developing story. one worker is dead and two others were hurt in a gas explosion in lancaster county. that blast leveled this home around 12:15 near millerville. you can see large debris nearly covers this field. the homeowners were not inside at the time. no word on what caused the gas to explode. >>> the countdown is on for the big concert and fireworks show for wawa welcome america. this is where it's all going down, along the ben franklin parkway. but you don't have to wait until tuesday night. you can start celebrating and having fun right now. and tonight we have team coverage. nbc 10's andrea thomas shows us the free fun tonight, plus nbc 10's erica martinez tracking your forecast for the fourth. let's start here. >> usually we're saying the stage is being set, but here we're saying the ring is being set. w

today governor carney signed a bill to tighten massage regulations. the goal is to fight human trafficking and illegal massage parlors. the law let them inspect without notice or without any criminal investigation. >>> the governor signed another bill to make fantasy sports betting legal in delaware. the new law lets playersly make money off fantasy sports. operators of paid fantasy contests will need a license and pay a tax and yearly fee. >>> protesters using wheelchair get their message across tonight you see them block the road there. the demonstrators say they are upset that the complex is not responding to their needs quickly enough. the head of the complex says he will meet with the residents next week about their concerns. >>> up next, all new at 6:00, sex workers on display. how giving you an inside look at the dangers of their lives is meant to help them. >>> the wait for a kidney can be years unless you know someone who is a match. the husband who found another way to get his wife to the front of the line. >>> i'm john clark live at the eag

governor john carney signed the budget bill into law. >>> in new jersey the stalemate continues. day three of shutdown there. triggered by shutdown. christie is a republican. assembly speaker prixia toe is a democratic. the shutdown took effect after the budget deadline passed friday night. as a result state parks and noncircle services are closed. >>> this morning the man accused of road rage murder is in prison. turned himself in yesterday after a four day search across several states. shot and killed 18-year-old bianca last week. happened when she was merging. her parents listened yesterday as the county da announced his arrest and recovery of gun believed to be use instead the murder. friend of the victim emotions are still raw. >> i just can feel that mom's pain. i have children myself. >> this is a story of a savage and senseless murder. >> she was about to start college at jackson university in florida. graduated from high school last month. >>> new from overnight, investigators in gloucester county looking for cause of this fire at this auto body shot. happened just after

. >>> delaware, john carney signed that state spending plan late sunday night. includes new funding for teachers, correctional officer positions and money for substance abuse programs. money come from increased taxes on tobacco products, alcohol and corporate franchises. >>> 5:04. july 4th festivities kick off. wawa welcome america celebration continues. >> events include freedom through the historic streets of philadelphia. nbc 10 pamela osborne joins us live with a look at today's celebration. tell us more. >> reporter: good morning. the stage is set for the celebration of freedom ceremony. boys to men will be honored here. philly pops making big band debut. that's not all. 11:00 independence day parade will jump off. video from last year's parade. this year 4,000 marchers. played goes on until noon. afterwards the party on the parkway begins with free family entertainment. crafts for the kids. this line and two beer gardens for the grownups. nbc 10 telemundo 62 will have a float in that parade. i'm going to be on it as well jessica boyington, bill henley, mat

governor carney signed legislation deeming them games of skill and not illegal gambling. companies can begin accepting new players in august. they have to pay a $50,000 annual fee and 15% of their revenues. >> health check at 11:00 tonight, the americans hardest hit by diabetes. gallup and share care found that senior citizens, african-americans and people with low incomes are disproportionately affected by the disease. people in the south, americans divorced separated or widowed. is survey found transportation workers fair worse with diabetes than people with other jobs. >> family and friends paid their respects to a ten-year-old tonight. his message of hope and kindness helped to unite his community and 27,000 followers on facebook. at his wake he was given full honors at the blackwood fire department. a member of the u.s. navy and border patrol. members of the organizations were also in attendance this evening. young ladies from the nonprofit group girl's inc. spent the day behind the scenes of "action news" today seeing how it all comes together. the mission is to ins

. >>> from our delaware newsroom, john carney signed the state's $2.4 billion budget. new budget includes measures to attract and keep good paying jobs in delaware, expanded access to substance abuse treatment and pay raises for correctional officers including a 22% boost for starting officers. >>> delaware won't give the white house voargt -- voter information it wants saying turk over information would violate privacy concerns. it called the was operation disingenuous and inappropriate campaign. >>> meanwhile, president trump is preparing for the g20 summit meeting. this morning he tweeted he will talk to leaders to germany and france and spoke with saudi arabia's king. he may meet with germany chancellor's angela merkel. he accused germany of hurting u.s. financially while merkel said germany can no longer rely on the u.s. for global leadership. >>> a study shows women working at 1600 pennsylvania avenue earn an average 20% than men there. the report contains payroll information for white house staffers. the average salary among men working at the white house was $1

the data is unlikely to sway mark carney to the camp of three, the three people who voted for a rateata isn't that robust or strong, therefore, perhaps i should move away from the discount i applied to sterling. peoplene of those three is from forbes. she warned us when she said people are not able to find jobs as quickly. jane: what we have in the u.k. is a slowing economy. we know that. look at the consumer side. we have real wages turning negative. we have retail sales under pressure. the consumer is under pressure. we know that. what mark carney said is that if the slowdown coming for the consumer side was offset by a rise in investment, maybe that would provide a condition for him to hike interest rates if wages were turning higher, which they are not. we can assume that he is on to be negative in that. i don't think that we are going to get that interest rate hike from the bank of england, unless sterling took another bigger dive to the downside, because what we have in the u.k. is a emerging market story. and there is a danger of a downside spiral where you have a punch in the

governor john carney signed it after the legislature overnight. $4.1 billion spending plan raises real estate taxes from 3% to 4%. delaware residents will also pay higher taxes on alcohol and tobacco products. >> the suspect in the apparent road rage murder chester county is behind bars without bail. today david pest per turned himself in early yesterday, charged with shooting 18 year old bianca roberson last wednesday. shot roberson from his pick up truck and her car tried to merge onto single lane route 100 in west goshen township. authorities also say they found the red pick up and gun in the suspect's home. >> this is a story of a savage and senseless murder. bianca roberson, 18 years old, gunned down because somebody didn't want it give way. somebody didn't want her to merge into a lane of traffic. >> desper's parent place add note outside their home, their heart go out to the roberson family. bianca roberson just graduated high school, planning to attend jacksonville university this fall, in a statement, it says, the university is working on plans to member oral identifies miss r

mark carney says he's looking investment andat trade can offset the consumer squeeze.e left wanting their? dan: he probably will be. to of the growth is likely be driven by the services sector. we will market and expenditure breakdown, but there is a tight correlation between services output and services consumer spending. the fact is, the growth, we expect, growth to becoming weaker than the bank of england is expecting. it is not looking good for that line of argument. that a line of argument not just carney has touted but other members of the committee as well. spring john stopford into the conversation. listening to dan and the conversation, there is warnings coming from the bank of england that they are too complacent. is this a rerun of the financial crisis which took 18 months before real negative impact from the financial crisis at the u.k.? here we are, brexit. the reality of brexit is coming home to roost. john: we were definitely think that. we would think about the dynamics of the u.k. consumer and we think the u.k. consumer is very stretched financially. w

. >>> in delaware john carney signed spending plan late sunday night. new budgets including millions in funding for teachers, correction nalg officers and money for substance abuse programs. money will come from increased taxes on tobacco products, alcohol, and corporate morning. fire destroyed this house in delaware county. flames broke out just before 2:00 this morning. also damaged the home next door. no reports of anyone being hurt. investigators will be looking for the cause of this fire. >>> now to a story we brought you as breaking news last night. sky force 10 over philadelphia as police investigated discovery of baby remains. examining some sort of box near 29th and clear field. working to get more details. >>> in chester county the father of a teenage murder victim is asking to investigate as a hate crime. roadside memorial in goshen township where buy yan ka roberson was killed last week. david desper faces murder charges after turning himself in. collected evidence at delaware county. roberson's father told nbc 10 he believed desper hade min

mark carney has said the data which shows the u.k.on level unexpectedly slowed in june to 2.6. does not change the bank's outlook for the economy. the price gains will be above target for "period of time." church, yesterday, in a what he was unveiling in winchester was a new 10 pound note for the u.k.. she was buried in the cathedral. us, peter. cpi,: if you look at the it was well above where the boe's inflation target is at 2. 6%. that is exactly what we have got. i think what we have seen yesterday is kind of consistent with what the boe, broadly speaking, expect. carney is correct. it should not change the outlook on that much. the rate outlook, i am of the view they will have a rate hike. the view is basically predicated on the fact that when we saw last year's rate cut, this is post-brexit emergency him from the boe. worst-case scenarios have not manifested. if we look at the rates now, compared to normal growth, it is inconsistent with where and u.k. normal growth -- with where you can normal growth is. saying is onere and done

riverside carney point and berlin excessive runoff from heavy rainfall will cause flooding of small creeks and streams urban areas highways streets and underpasses as well as other drainage areas and low lying spots flash flood warning means that flooding is imminent or occurring if you are in the warning area move to higher ground immediately residents living along streams and creeks should take immediate precautions to protect life and property. commenting on who really deserves credit for turning the tide of the war i regret the coalition's position i don't agree that mosul is a coalition victory it was their war it was a war fought by the iraqi army yes coalition jet supported us but the main effort was made by iraqi soldiers public militias and iraqi aviation strong words from maliki who was similarly scathing about the alleged u.s. role in the creation of arsal force many analysts view the world's most notorious terror group as emerging from the post iraq war vacuum the former prime minister though went a step further seeing this as part of a wider historic us foreign policy strategy

to trees and power lines locations and pack that include wilmington newark middletown pennsville carney's point ellesmere new castle salem woods down how low wait can time so what does borough delaware city port seal to shiloh and barksdale for your protection move to an interior room on the lowest floor of a building in addition to damaging winds frequent cloud to ground lightning is occurring with this storm moved indoors immediately remember if you can hear thunder you are close enough to be struck by lightning torrential rainfall is occurring with these storms and may lead to flash flooding not drive your vehicle through flooded roadways repeating a severe thunderstorm warning has been issued until two forty five am for the following county newcastle delaware and maryland and the following counties in new jersey cumberland gloucester and salem. in the she is remains in place and one group of state supports the sunnis and another the she is it will contribute to the creation of a new eisel with new ideas new faces and new flags so far the main efforts in iraq are focused on the short t

no longer on that list, the state has new budget after missing saturday's deadline, governor john carney signed the $4.1 billion spending plan after it cleared the legislature. make up shortfall, real estate tax will go up to 4%. the budget also includes higher taxes for alcohol and tobacco products. >> switching now to the weather, today the sun is out, air feels pretty good, too, but may be some natural fireworks headed our way, just in time for the holiday. first look at the forecast, with meteorologist, katie fehlinger on the skydeck, looks beautiful behind you but it is hot? >> it is very warm. the dew point, in other words, what makes it feel humid, is really not all that high. yes, you're right, it is warm, but i'm not sweating, not so bad at least for the first couple every minutes that you're out here, again, definitely heating up in very efficient way, full sunshine overhead, that's evident by taking a look at not just the view hine me but also on storm scan, remains empty at this hourment nothing more than few whens at this clouds here and there, this will be view that changes

hours after their deadline, governor john carney signed a funding measure to keep the state government running for 72 hours through the weekend. folks in the first state tell us lawmakers need to reach a deal now. >> you need to cut somewhere. because the economy is not what it used to be. but if people would just compromise and get off of the party lines, i think we with all be better off. >> this is the first time in delaware's history that state lawmakers failed to meet the budget deadline. >>> the wawa welcome america festivities continues today. another fireworks display lit up the sky last night, choreogra choreographed to songs from music icons from our area. in university city, a rainy evening for the night market philadelphia. that didn't stop people from showing up. the market features different kinds of food and gave patrons a chance to explore the neighborhood. now let's look at some of the events happening today. looking live at the philadelphia museum of art where you can pay what you wish to get in today. admission is free for military members. you can also have brunch w

yesterday morni ing governor jo carney signed a measure. thishistory that they missed the deadline. >>> another fun day of events across philadelphia. ♪ last night, featured the stunning fireworks show as the spectacle lit up the sky over penn's landing, there was some music. music from boys to men and patti labelle. looking for something to do today? plenty going on for the wawa welcome america event, live picture at the philadelphia museum of art where you can pay what you wish to get in today. admission is free for military members. today is free museum day at the barnes foundation. along the ben franklin parkway, close to the museum of art. families can check out performances and hands on activities along with the exhibits now through 5:00 this afternoon. >>> seven minutes past 10:00 on this sunday. we're continuing to watch that news conference that should be happening any moment now out of west goshen township. we'll keep you posted on that. also ahead, airplanes toppled, we'll head to the lehigh valley, storm cleanup includes several

antonio: we should also mention there is a holiday coming next to mark carney, with a different feelof a rate hike before the year end. and that moves into the chart that you are showing there. chance of a rate increase before the end of the year. key, as many central bankers are pointing out is the data. the strength. data dependency. forecast isat the optimistic on the growth side. they have almost 2% growth. have a ton of growth. and you will get q2 and q3 growth before the november meeting. so a rate hike, that will probably happen before november. the 0.2,omes close to then they're probably will not be a rate hike. then mayberonger they do get enough support to basis points rate hike. i think that is the key. francine: charles, is it time to raise rates? 10 years ago was the last time hikes rates. and at the time it was 5.7%. 10 years ago means that half the people in the markets don't remember it. charles: i had hair back then. [laughter] milestone but a 10 years with the forward-looking risks with respect to brexit, because it is a long-term thing and as is pointed out, the ri

. >>> today john carney expected to sign a bill that would allow fantasy sports to legally operate in the state. sports sites would be considered games of skill and not a form of illegal gambling. companies run fantasy sports leagues face a 15% tax and a $50,000 annual fee. >>> cape may county, the harlem globe trotters give back to families who lost everything in a fire. globe trotters star meet with two families in wild wood crest. give free vip tickets to a globe trotters game. also meet firefighters and first responders at the scene of this fire in june. >>> it musical wicked opening up tonight at the academy of music in philadelphia. >> show is here for a five week run. yesterday we got a technical look behind the scenes at what it takes to set up the show. crews were setting up the stage. we talked to the stage manager. >>> i've come to philly many times. i just love being here. the company is really excited about philadelphia. >> wicked looks at the wizard of oz story from the point of view of the wicked witch of the west. show runs through august 27 at the academy of music. >>

. >>> delaware governor john carney the state's new $4.1 billion budget last night. lawmakers reached a deal on a spending plan during a special session yesterday a day after failing to reach an agreement before saturday's deadline. the new budget includes measures to attract and keep good paying jobs in delaware as well as expanded access to substance abuse treatments and pay raises for correctional officers including a 22 percent boost for starting officers. >>> now an update to a story we've been following for much of the afternoon today. pennsylvania state police remain on the scene where a tractor-trailer overturned and spilled its load along the blue route in broomall just before noon today. this happened in the northbound lanes at the route three exit ramp. crews managed to remove the trailer but work continues to clear its contents and debris left behind. avoid this area as traffic remains backed up tonight. >>> high temperatures combined with the long holiday weekend have had people flocking to the shore for sun and fun. "action news" reporter john rawlins w