carney no what they're talking about he's suggesting in all coins i.e. this crypto currency for global central bankers but that's not going to work they're going to come to because they're going to come to gold right imagine we'll take a break and come back after this don't go away. paradise with some ground turned into a round the experimentation field but agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental research going on in hawaii whether these companies feel they can get away with this because the people have less political p

austin apparently miles entire career on steve austin the professional wrestler and now we've got mark carney bashing the dollar we've got the world waking up to the fact that the us dollars the world reserve currency is a huge liability for everybody including the united states and we've got people now swarming into gold you know gold a bit heavily and looks like it's going to top it's already hitting new all time highs against the pound the euro the indian rupee. room ball. almost every single currency canadian dollar australian dollar with the exception of the u.s. dollar that's coming soon $234000.00 for gold bitcoin $152025000.00 for a big going this is what happens when your fear of currency system implodes do somebody just wrote that oh you know on the exchange of 90 percent of the big coin buying a speculative one with a negative interest rates around the world i would posit that 99.99999 percent of all the money trade is speculative well in terms of the specular lapse. there will be a massive paradigm shift and an absence of trust and a great amount of distrust and thus you should ha

saying no bad guys a report but we told you about this we warned you that the likes of mark carney from the bank of england will be standing on us soil in jackson hole this last weekend and saying get rid of the dollar we warned you the gold would be rising as the system under which we live would be collapsing and the us empire is definitely going down in a very roman style decline i fully expect trump will point to a favorite horse to replace jay powell by the end of this year sounds like a george galloway speech we warned you about a pack of lies it's a pack of lies of course for the scottish brogue hey george what's happening you've got it all your are is about at the med he's running down yes that's right but look george talk about trump i know it's happening in the united states just cable news is the as i say a professional wrestling the heel right and trump is steve austin. all the miles entire career on steve austin the professional wrestler and now we've got mark carney bashing the dollar we've got the world waking up to the fact that the u.s. dollars world reserve currency is

years and they say well that's bad and that's unpatriotic by here as bank of england governor mark carney took aim at the u.s. dollars destabilizing role in the world economy on friday and said central banks might need to join together to create their own replacement reserve currency we just looked at the facts around the world and said this is inevitable because you have to you know this is mathematics this is just the obvious and these are cycles that happen and here it is happening right there world reserve currency has gone from portugal to spain to france to britain to america and now it's going to be passed to something else possibly a global digital currency as mark carney at the bank of england suggests or something else you know larry summers is an interesting characters and he's of he is one guy who you could liberally use. so if astri and when you're describing larry summers sees a completely mercurial depending on that whatever opportunity he's seeking he will take that argument but do it quite brilliantly he is a duplicitous kind of neo con character that is at the heart of a

what are we expecting mark carney to navigate?al brexit while not freaking out the markets i imagine. >> brexit will be front and center because the bank of england forecast so far in terms of gradually rising rates are predicated on this smooth brexit and increasing beverages between what the bank of england has been forecasting and what the markets are forecasting, pricing in rate cuts as soon as this year which is something mark carney will address any news conference. the question is whether we get a clear change from the bank of england governor. we saw a shift in tone from some bank of england officials but how does he address this challenge? to 2016 whenck they took out market expectations from the forecast or do they prevent a separate set of forecast based on a no deal scenario. if you look at the falling pound and the fact you have wage thereres increasing, could be some justification for the bank of england to forecast hikes but the problem is the big outlier and uncertainty is the no deal brexit and in that scenario ma

mark carney says he's not playing up the scare.no—deal brexit the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk means a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that they could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that you could put up slows down, and that you could put up prices. it may take a while to get to borisjohnson‘s vision of a sunlit uplands after no—deal brexit, mr carney says, because the week ab

mark carney says he is not playing at the scare.us and insta ntly, the economy is instantaneous and instantly, you have these supply, not just instantly, you have these supply, notjust disruptions, so i am not talking about just the notjust disruptions, so i am not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well-known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets wea ker brexit, one is that the pound gets weaker so your pound buys you fewer dollars or euros to buy imported goods with so those prices go up. the other thing that could happen is the supply of goods from abroad going through our ports and airports slows down and that could also push up slows down and that could also push up prices. i

mark carney says he is not playing up the scare.-deal brexit doctor the economy is instantaneous and that instantly you have the supply not just that instantly you have the supply notjust disruptions, i'm not talking about just the notjust disruptions, i'm not talking aboutjust the issues at the ports, which are real, but you have businesses that no longer are economic —— shock. businesses that no longer are economic -- shock. a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that they could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so you're bound by these you fewer dollars or euros to buy imported goods with, so those prices go up. —— pound. the other thing is that the supply of goods from a broad slows down and that too could push up prices. it may take a while to get to borisjohnson‘s vision of a sunlit uplands after no—deal brexit, mr

mark carney says he's not playing up the scare.no—deal the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consum

mark carney says he's not playing up the scare.no deal, the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consu

that will make mark carney's job more difficult.d brett, coming down after a strong march up. trading for 57 old 81 a barrel. after the first rate cut in more than a decade. focus shifts to the bank of england. grappling with the new realities of brexit. the growing possibility of a no deal exit. the sinking pound. we see a slew of manufacturing pmi data. including german pmi, down for seven months in a row. guest from commerzbank is still with us. mark carney has been doing his best to convince markets he wants to hike rates. can he do that, especially we know boris is doubling provisions for a no deal brexit? market says no, he cannot and is pricing and a rate cut. the bank of england should maintain its implicit tightening bias. they have big an explicit inflation target. shows, they were probably move even further above the target across the horizon. therefore, even though it does not seem to fit the global picture, for the time being, they will maintain this small implicit bias to raise rates. carney does not successfully ackno

carney said it this morning.verybody's looking at the fact that we got $14 trillion of negative yielding on debt across the globe and it's growing. bank of japan leaked today that they're ok with their 10-year falling more. lisa: you're buying risk. you're buying the riskiest credit? >> i think what i'm doing is looking for more of this interest rate dynamic to be supportive of the markets in the near term. in the long term, all this does is it continues to put pressure on this bubble that it continues to inflate across the globe in the credit markets. at some point when we need to start raising rates, etc., etc., which is not now, obviously, this just makes it much more difficult. so right now i'm actually strangely fairly positive across the credit markets. equities i'm a little bit more -- a little confused about where we're going from here. i think if we continue this negative rate dynamic and continue to cut rates in the u.s., it's very hard on our banks. we did a study where we looked at european financials

steve, thank you steve liesman with the bank of england governor, mark carney. mike khouw, what do you make of this in the price many of the most recent ramp up of trade tensions with china? >> one of the things i found interesting myself was he was talking about how central banks and maybe the fed have less wiggle room or ability now than they had perhaps before the credit crisis. i'm not entirely sure that that's true. we have to first think about how much of an impact we think fed can have and what are we actually talking about and trying to mitigate it. is it an issue of trying to support gdp in the united states are we trying to focus on employment are we trying to focus on inflation. it is what we are talking about on this show, right? i think it is interesting because, of course, we have seen unconventional policy. when you have unconventional policy like qe, i don't think they have that -- i don't want to see us go back to that. i don't think we need to there is almost unlimited room i would suggest. >> thinking about the amount you can cut, there's dece

steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trump escalated, talk about the global effects of the trade war between the u.s. and china? >> well, obviously, can't comment on just today's effects, but if we take a step back, what has been happeningthe direct effects between the u.s. and the uk or the u.s. and china of the actual tariffs and, you know, they're starting to get up towards potentially over the course of the two, three-year period about one percentage point lower for u.s. gdp if they all remain in place. there is the direct effects. what is happening globally is a confidence effect on business. business confidence, not just in the u.s. and china, but all across those supply chains more broadly because it's not, as you know, just a series of measures between those jurisdictions. we had issues around auto and still have issues around steel and we have issues in terms of the technology complex, if i can put it that way. and those effects are at least as material as the direct trade effects and those effects are impacting all o

carney or cohen? >> i know the uncertainty is crippling many, many businesses. like to see a decision one way or another personally i voted for brexit. but actually now i just crave a decision >> we'll leave it there. thank you for joining us, chris. >>> eu finance ministers will vote on europe's nomination to the imf later this morning that's according to cnbc sources. europe has so far failed to agree on a single candidate to replace christine lagarde at the fund we have the list of contenders there. among them is the foreign president of the european group, what's of names in the mix silvia, give us a sense on what happens from here? europe then selects their leading candidate, walk us through the process. >> at the moment we have the european finance ministers voting on their own nominee to replace christine lagarde at the imf. ultimately the decision is made by the imf board there are more than 180 members in the imf so other countries could put forward a name as well until the nominations close, which is september 6th. until then we could see other names b

mark carney says he's not playing up the scare.hese supply, notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real — but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit. one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson's vision of sunlit uplands after a no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consumers‘ purses and wallets at petrol station forecourts and grocery stores. bu

it's carney will be replaced imminently.ast few years. the other point with interest rates as they have not even recover to the level they were at pre—financial crisis, and here we are seeing the rates cut, and it raises questions about if there were a sudden financial shock, how much more in the way of levers to the central banks have to pull if they are already starting to bring interest rates down. the remarkable thing about president trump‘s intervention into this sphere is that he sees it as a competition between blocks. he was clear, hang on, we are essentially being undermined by the europeans having negative bond yields, and by what other blocks around the world are doing. he sees it as a sort of strategic weapon, regional trade weapon, that is problematic. the high theory of central—bank independence is that you leave them independent and then they have the market credibility, and marketsjust know the central bank, if inflation rears its ugly head, they will be on it‘s like a car bonnet, the phrase that the kids use

governor mark carney says thatis economy.is wrong and is preparing his own technical assessment for next month. faisal islam, bbc news. a jury has found a woman guilty of murdering her two young daughters. 23—year old louise porton from rugby, killed three—year—old lexi draper and 17—month—old scarlett vaughan early last year. 0ur correspondent sima kotecha has the story. cctv footage showing three—year—old lexi on the left and 17—month—old scarlett, returning home with their mother early last year. she's 23—year—old louise porton, a former model from warwickshire whose selfishness led to the unimaginable. the murder of her two girls, just weeks apart. first it was lexi, who'd been taken to hospital on two occassions before. 0n the 2nd of january last year, louise porton called 111, telling them lexi had stopped breathing. she was kept in hospital overnight. two days later, she called 999 to say lexi had stopped breathing again. paramedics attended the address, revived her and took her to hospital. she was kept in but on the

that is jay powell and mark carney having a conversation.ot all of the global central bankers that typically go where there this year. why was there a dearth of global central bankers? embarrassment? .att: that is a good question certainly there are representatives from all of the major central banks, but not all of the top policymakers have shown up. perhaps it would have been a good gear to get them all in a room together. you never know what everyone's plans are and so on and so forth. it is good that at least they have some people here and we will be talking these things out over the course of the weekend. vonnie: again, jay powell and mark carney there together. no doubt they will have seen, or somebody will have told them about the president weighing in. stephen roach, let me ask you this. carmen reinhart told us she thinks hong kong is a bigger threat when markets have been pricing in. she thinks it could be a shock to the global economy. are you there yet? do you see hong kong has escalating and causing a shock financial markets? ste

phil rucker and annie carney and bill kristol. >> coming up. the president says he does not see a recession ahead because american consumers, we heard him say it -- are loaded up with money. what the actual economists had to say. it is tough to beat massachusetts, the democrat 40 years under his belt. unless you are a kennedy. that's the drama playing out. "the 11th hour" is just getting underway. so i can buy from enterprise car sales and you'll take any trade-in? that's right! great! here you go... well, it does need to be a vehicle. but - i need this out of my house. (vo) with fair, transparent value for every trade-in... enterprise makes it easy. we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home. >>> president trump says the u.s. economy is doing very well. we are staring on an approach downturn. "privately trump is growing increasingly worried the economy won't look so good come election day." "though a pre-election recession here is far from certain, a downturn would be devastating blow to

take it away. >> reporter: thanks, melissa with mark carney, governor of the bank of england. escalated tariffs, president trump escalate it. talk about the global effects of the trade war between the u.s. and china. >> obviously can't comment on today's effects, but if we take a step back what has been happening is the direct effects between the u.s. and china of the actual tariffs, you know, they're starting to get up towards potentially over the course of

phil rucker and annie carney and bill kristol. >> coming up. the president says he does not see a recession ahead because american consumers, we heard him say it -- are loaded up with money.er what the actual economists had to say. it is tough to beat ec massachusetts, the democrat 40 years under his belt. unless you are a kennedy. that's the drama playing out. "the 11th hour" is just getting underway. hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. >>> president trump says the u.s. economy is doing very wel

the governor did say in a voice—over, mark carney did say it would be an instantaneous shock. a very sharp shock. he was saying the banks will still be able to operate but you will see big movements in things like how strong the pound is. we have already seen people going on theirsummer have already seen people going on their summer holidays and if they leave it to the airport to get their currency, they are facing parity with dollar, with the euro. that is a real impact on how people think about the power of their money, if they see a sudden change in what the international exchange rates can offer. what did you make of his point that the british people are watching the pennies, they are not extending themselves, they are spending within their real means? yes, and it is important you say the word real, because he is factoring in inflation. rather than going out and putting more money on your credit card. so it speaks to a less confident consumer on the one hand, but it also means we are not doing things like in the past where we saw a big consumer credit bubble in 2008 ora a

we have an interview with rich clarida and later, mark carney, the governor of the bank of england. >'ve done jackson hole a number of years this one is one for the record books. great work our steve liesman in jackson hole today >>> let's get back to washington eamon javers with some news out of the white house, which we're all attuned to >> a source confirms what we believed, which is that the president is in the white house right now meeting with his trade team just a few moments ago, i saw peter navarro and robert lighthizer waiting outside the oval office. this source confirming that meeting is ongoing as we speak white house officials not offering any explanation as to why the president believes that he can, quote, hereby order american companies to move their supply chains out of china remember, this tweet from earlier today, the president saying, our great american companies are hereby ordered to immediately start looking for an alternative to china, including bringing your companies home and making your products in the usa. officials not explaining what legal or moral authori

not art carney i'm thinking about honeymooners i mean mark carney over there the bank of england in london you know he's down almost to the point of being a big coin drone he now is embracing digital currencies as a global solution against the dollar the global insurrection goes banker occupation we start of that really before occupy wall street before the revolution in cairo before obviously the goal in france or the protests in hong kong they're all connected all these protests are connected they're all connected to a rebellion against fear of money and banks they're all global insurrection against banker occupation the solution for this. is because the solution to the protests in hong kong is bitcoin the solution to the oppression in egypt is a big point it has the same solution they have all these groups are brought to us thing once the penny drops or the big coin drops and they understand this then you'll see that $100000.00 prize pretty quickly yeah i think even before the arab spring so-called spring was the indignados in spain that's when we started to talk about a global insurrect

carney has been at pains to say the bank's assumptions and models are predicated on an orderly brexitut we're not that far away from what looks like it might be a disorderly brexit. how does that factor into the decision making? >> it's incredibly difficult we talked earlier about how the fed is facing this tricky balancing act. i think it's ten fold if you're sitting on the mpc of the bank of england one challenge they have today is a communications one the central forecasts in the inflation report are predicated -- based on what the market is pricing in, the market part of interest rates the market is increasingly pricing in a no-deal brexit. they expect that in part to global weakness and a no-deal brexit that the bank of england will be cutting rates. the bank of england's forecast is predicated on some form of deal, a soft brexit, if you'd like so there's that tension. they have a massive communications challenge they'll factor in the lower part of interest rates but at the same time say we expect there to be a brexit deal that should lead to an inflation overshoot in their forec

phil rucker and annie carney and bill kristol. >> coming up.he president says he does not see a recession ahead because american consumers, we heard him say it -- are loaded up with money. what the actual economists had to say. it is tough to beat massachusetts, the democrat 40 years under his belt. unless you are a kennedy. that's the drama playing out. "the 11th hour" is just getting underway. with advil, you'll ask... what sore muscles? what pounding head? advil is... relief that's fast. strength that lasts. you'll ask... what pain? with advil. we're pretty different. we're all unique in our own ways. somos muy diferentes. muy diferentes. (vo) verizon knows everyone in your family is different. there are so many of us doing so many different things. (vo) that's why verizon lets everyone mix and match different unlimited plans. sebastian's the gamer. sebastian. this is my office. (vo) and now with more plans, everyone gets what they need without paying for things they don't. new plans start at just $35. the plan is so reasonable, they could s

carney is defending the assumption there will not be a no deal brexit.e says it is still the banks official position to reach a deal with the eu. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. crumpton. this is bloomberg. david? we got reddavid: headlines crossing the bloomberg. the senate has passed the debt limit extension and president trump is expected to sign it. now it will be official. we will have a higher debt ceiling. the federal reserve cut interest rates for the first time since the great financial crisis. was not enough for president trump, who took to twitter soon after the news conference, saying "as usual, pal let us down but at least he is ending quantitative tightening, which the not have started in the first place. no inflation. we are winning anyway, but i'm not getting much help from the federal reserve." sperling. gene he comes to us from los angeles. thanks for being with us. is the president right that the fed should be more accommodative? gene:

mark carney says he‘s not playing up the scare.onger are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit. one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after a no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consumers‘ purses and wallets at petrol station forecourts and grocery stores. but his own data shows most businesses are now as prepared as they can be, and mr carney‘s view isn‘t the only one. i think it's important to note the

george: i haven't read anything that carney said today. i will say that in terms of a global multilateral currency unit, that is not a new idea. not,er carney is right or i wouldn't describe it as some revolutionary new idea. i would agree that moving away singlestrictly national nation currency system, which is basically what we've been doing with the u.s. dollar since the 1980's, would have some benefits. the problem is that it requires multilateral commitment from everyone involved. other emerging market currencies. and it involves giving up some sovereignty in different ways. as we've seen with the euro zone, that can create political headwinds. if you think of the political environment, it is hard to imagine a political environment where giving up national sovereignty is less compelling than it is right now. i don't know about the details, but as a general concept, it is not new and i can't see it going far. romaine: george, always great to get your insight. joining us from north carolina. and thanks to bloomberg's michael regan in ne

here's the bank's governor mark carney on that prospect.n the event of no deal, it is probable that the inflation will rise in the growth will slow. for example, our agents surveys of businesses say that most companies report that they are largely ready for no deal. however, just a fifth describe themselves as fully ready while three quarters of respondents say they were as ready as they can be. before mark carney spoke the government announced it's prepared to spend 2.1 billion pounds that's 2.5 billion dollars to get ready for no deal. that's double the amount it had previously set aside, and a third of the overall brexit budget. but the government insists it's just an insurance policy. here's the uk's chancellor of the exchequer. since i have arrived at the treasury, i have charge of the preparations across government to prepare for no deal. not because we wanted, but because we have to be prepared because we will be leaving on october the 31st. 2.5 billion dollars is still a lot of money to spend on something that might not happen. but

steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trumpscalated, talk about the global effects of the trade war between the u.s. and china? >> well,

. * saying no bad guys a report but we told you about this we warned you that the likes of mark carney from the bank of england would be standing on us soil in jackson hole this last weekend and saying get rid of the dollar we warned you the gold would be rising as the system under which we live would be collapsing and the us empire is definitely going down in a very roman style decline i fully expect trump will point to a favorite horse to replace jay powell by the end of this year sounds like a george galloway speech we warned you about a pack of lies it's a pack of lies of course for the scottish brogue hey george what's happening you've got it all your are is about at the mess he's running down yes that's right but look your talk about trump i know it's happening in the united states just cable news is the as i say a professional wrestling the heel right and trump is steve austin. all the miles entire career on steve austin the professional wrestler and now we've got mark carney bashing the dollar we've got the world waking up to the fact that the us dollars the world reserve curre

i think mark carney has said they might be back in and looking at stimulus there. think the matter what you are doing, everyone is like you have to get in here now because central banks are just going to continue this path. >> everyone buy a home. >> bloomberg alex harris, thank you. coming up, with a look at cannabis operators. this is bloomberg. ♪ .> breaking news forever 21 has been struggling to turn around. familiar,to people potentially filing for bankruptcy. stalledions so far have according to people familiar with the situation. operator reported revenue of over $38 million. want to welcome the largest shareholder, the biggest u.s. company by market value, so thank you. .alk to us obviously, a lot of growth in the space. one of the themes is people want to see profits and people wonder when they will be more readily available. the revenue is there. talk to us about what you envision. >> you have to differentiate between the canadian tennis mark of it -- canadian cannabis market. market, it got going about five years ago so companies are still at an earlier

governor carney says that's wrong and is preparing his own technical assessment for next month.ok at some of today's other news. a mother has been found guilty of murdering her two young children 18 days apart. louise porton killed three—year old lexi draper, and 17—month—old scarlett vaughan, seen here on cctv, in rugby in 2018. the part—time model denied responsibility for their deaths, but was convicted at birmingham crown court. police in madagascar are trying to find the body of a cambridge university student, who fell to her death after opening the door of a small plane in mid—air. alana cutland, who was 19 and from milton keynes, died last week. the polls have closed in the brecon and radnorshire by—election. it was triggered after the conservative mp chris davies lost his seat in a recall petition by his constituents following an expenses scandal. if the tories lose their seat, boris johnson's majority in the commons will be cut to one. campaigners are calling for more training and better understanding of domestic abuse victims, as their cases go through the courts syste

luke: i have not been a fan of mark carney for some while. the bank needs to understand, anything they do to a degree, you have to look through these inflation blips which seen currency related. inhave big changes coming up the u.k. economy in the next few months that suggest you have to be standing ready to support with startinguts, qb again, and starting to talk about the practicalities around that, not even hinting that rate rises are on the card. they have got to be. matt: to be fair, carney has not had an easy time of it. the visibility in the u.k. is incredibly low. -- it is a expect tired question -- what do you expect for brexit and the pound? do we continue to fall further? luke: i think i am believing in a hard brexit more and more. the market certainly are, ever since we had new occupants at downing street. you see signs of this and cable rates, credit markets, through the two-tens curve. all of which have changed direction significantly. all of it points to the market believing in new higher chances of a no deal brexit. in a way,

governor carney says that is wrong, and is preparing his own technical assessment for next month.mark rycroft, the chief food and drink federation. thanks tim rycroft. we said the impacts of brexit would fall hard on brexit. shelflife, also specialist checks. partially because tariffs for food & drink tend to be higher for food & drink tend to be higher for manufactured goods and we have a number of areas where were are in regulatory alignment with the eu on standards where it's not clear how that would pan out in the event of no deal so the bank of england's forecast today i don't think comes as any surprise. we've been sang consistently for some time that in no deal brexit would be a catastrophic event for the food & drink set. nothing has changed our mind on that. today's announcement, i would rather the government put more time and effort in securing a deal than trying to put a worse part. do people understand in the first of november what would happen? in the event of no deal? no there some things that would happen, but things that are harder to know is what would happen on t

see that and some take a dim view of the sta nce and some take a dim view of the stance that mark carneythe important thing about brexit but the important thing about the bank of england as it controls the levers as far as interest rates are concerned in this country. it will increase them if it is worried about inflation, worries about the economy expanding too fast, it will reduce them if it is concerned about where things are going and businesses are not doing enough and deployments might be threatened. the situation is that people expect if there was a disorderly brexit and the economy was hit then the bank of england would cut interest rates, but they could have a dilemma, because if this pressure on the pound, on sterling, gathers, and there is something of a sterling crisis, on the one hand they will be under pressure to cut interest rates, on the other day might be pushed to raise interest rates in order to defend the pound, get foreign investors to put their money into sterling. thank you. well, the government is setting aside an extra £2.1 billion to prepare for a no—deal brexi

i think carney dug up ban kcore. alix: does it have legs, though?me in the next couple of decades? marc: maybe in the long run, but not before our time horizon expires. it is not going to happen anytime soon, for the same reason it wasn't accepted at bretton woods. the u.s. might not be strong enough to impose a new bretton woods, but a strong enough to one set up against it. alix: the lack of nationalism rises going to change the game. marc: it could, and you are already seeing more erosion. not beingde is maybe done so much in dollars. but generally, the dollar is still the hegemon. alix: coming up, we'll rebounding, but still under pressure from the cherry war -- from the trade war. we will discuss with francisco blanch. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wirel

mark carney stepped down at the end of january. he twice extended his tenure to provide continuity during the split from the eu. china has detained an employee of the u.k. consulate during his trip to the mainland according to his girlfriend who says he has been missing since august 8. police in hong kong have launched a missing person investigation and are keeping contact with chinese authorities. president trump is canceling his meeting with denmark's leader because she does not want to talk about selling greenland. he tweeted copenhagen saved a lot of effort by being so direct. trump described it as a large real estate deal. denmark's prime minister has ruled out the sale saying she hopes he is not serious. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus: coming up, italy's prime minister quits after launching a scathing attack on matteo salvini, good -- but could he return? this is bloomberg. ♪ manus: it is a beauti

governor carney says that‘s wrong and is preparing his own technical assessment for next month.ief operating officer at the food & drink federation. thank you for speaking to us here at bbc news. i am interested to get your thoughts on the announcement. how reassuring which you heard is for your business. we have been singular since the referendum that the consequences of an ordeal brexit would be hard on the food and drink sector, partly because food is perishable and has a short shelf life and it is subject to particular checks of the border. partially because tariffs tend to be higher than manufactured goods and also we have a number of areas on the eu on food and drink standards. and it is not clear how that will pan out with not clear how that will pan out with no deal. the bank of england and the forecast today, i don‘t think comes asa forecast today, i don‘t think comes as a surprise, we have been saying for quite some time but in ordeal brexit would be a catastrophic event for the food and drink sector and nothing has changed our mind on that in today‘s announcement, fra