the high central bank heaping the high rate central bank keeping the high rate for the last two interest rate for the last two years is easing to a more soon. that was a comfortable soon. that was a big trigger. at the same time comfortable soon. that was a big trigger. l beating me time comfortable soon. that was a big trigger. l beating growthe comfortable soon. that was a big trigger. l beating growth is down. we 77 77 down. we hiaje down. we have seen slowing down. we have seen urban consumption... corporate urban consumption. corporate drink urban consumption... corporate drink in first profits drink in the first half of this fiscal, that was pressure on the putting pressure on the central bank to start the rate easing cycle. the governor has indicated for the next indicated that for the next fiscal they expecting indicated that for the next fiscalthey ease pecting indicated that for the next fiscal they ease pecting and inflation to ease further and for growth rate to be around with the boost coming 6.7%. with the boost coming from the there was fepththifiif—s“ budget there was last

speaking to cnbc, holtzman said the central. banknot be focused. >> on boosting. >> growth through rate cuts. >> we have for also. the threat. >> of high inflation, given the changes on tariffs and the result of it. my take is we have to be very cautious because. >> we're choosing. >> rates in order. >> to support growth. is not the way to go. this is what you also framed when you called madame schnabel. she also. >> said it's not the way. >> to support the. >> restructuring with. lower rates. >> how quickly. >> though. >> do you think we. >> need to. >> get back. >> to neutral, even if you're not providing accommodation? just getting back to the neutral rate. >> because conversation. >> i had with madame lagarde in recent weeks, that 1.75% could be the low. >> end of neutral. >> is that a. prospect you. >> see rates getting to soon? >> i know. >> the range. of relative rates. >> or a. >> neutral rate ranges quite a lot. >> or in. >> some cases it. goes up to 3%, not only to 2.25, which was the restriction, madame lagarde, but there

the last time that the rate was cut by the central bank was back in to help bank was back in 2020 to55, ' pandemic tide over the covid pandemic which had just broken out and then they kept steady for a then they kept it steady for a while and raised again in white end'reised it egein in of 2022 because of geopolitical tensions and inflation fir—212th” : ejthey kept if they kept it 7 if they kept it at 7 if they kept it at that 7 and they kept it at that levels well so this be the as well so this will be the time in they first time in five years they go ahead for a rate will go ahead for a rate cut. it also significant this w 76? 7 are” be first monetary will be the first monetary by the �* central announcement by the new central bank governor took over when we w 7 7 7 when we spoke when we spoke to recently. when we spoke to people in the lead—up to the efififilfi ifi; eee lie“??? e§ eee said the meat, they said the environment isjust right conducive to is jest right end sendesie’s'te ”news... into isjest right end sendesisste " ~ " fl into that iejeet right end sendeeiee'te " ~ " fl into t

lots of research shows that's the best way for a central bank to operate. that will give us the best possible chance to achieve these goals for the benefit of the american people. that's always what we're going to do, and people should have confidence in that, as i said a few minutes ago. reporter: you've said the fed is in wait and see mode based on the policies that come out of this administration. hams the fed started to model what policies like mass deportation, changes in immigration policies specifically would look like for the workforce and for inflation? chair powell: one of the things our staff does, they look at a range of possible outcomes. they tend to go from really good to really bad, and it's one of the best things that they do. in each book, you can look and see, there are alternative simulations. that's what they do. there will be a baseline and then show six or seven alternative scenarios, including really good ones and not so good ones. and what those do, they spark the policy makers to sort think and understand the policies around us. th

and central banks. central banks have to deal with the aftermath of this. will be is anybody's guess. >> yeah. i mean, we have the resources though, and i guess we're going to go travel and make the most of it. rick. >> thank you. >> and you know, one thing we have to say, kelly, real quick. you're right, though, it's not good for multinational companies, but it's great if you're sitting home in your lounge chair because your dollar is going to go way farther. with all the countries sending things here that they're exporting. >> rick, thank you very much. appreciate it. rick santelli. >> all right. on deck trading the trade war. the stocks you may actually want to buy. >> the bond report is brought to you by pimco, a global leader in active fixed income. in a world of uncertainty and. >> disruption, how will your investments stay resilient? >> we've been navigating. >> change for 125 years, always looking forward, anticipating. >> risks and. >> trusted to manage over. $1 trillion in assets worldwide. solving for the needs of investors. >> today and tomorrow

he said the central bank is not in our rush to reduce rates. listen. chair powell: inflation has eased significantly over the past two years but remains somewhat elevated relevant to our 2% longer term goal. longer-term inflation expectations appear well anchored overall. a wide set of indicators suggest conditions in the labor market are broadly imbalanced. the labor market is not a source of significant inflationary pressures. with our pollen see -- policy stance now significantly less restrictive than it had abandoned the economy remaining strong, we don't need to be in a hurry to adjust our policy stance. we know where policy restraint too fast or too much could hinder progress on inflation. >> for more let's bring in michael mckee. he covers all things fed for bloomberg. on inflation and gdp growth that we learn anything new from the fed chair today? michael: we did not. basically chair powell repeated what he had other members of the fed have been saying for quite a while. it was kind of a quiet message to the markets that nothing has changed. th

so these that of course includes the central bank of to them. the only institution that has managed to partially resume activity is the bank of capital. it's local office direct to wait, and how much hessen is trying to help customers, but tucker is empty and the only service you can provide is bank applications that soon, and that'll be, it has to be really. we depend for cash and the central bank of to done which hasn't she opened yet. that's where we obtain the cost to this press to people. and that's where we can deposits and the amounts that we have. site think logistical reasons. the government hasn't been able to distribute with the new couple see in wasn't with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fund a da 0, whether or not they need to that let's it from a new club play more. of course in the websites out is there a dot. com is the address. when you come up here in officer right off the we go to with the it's one of the most recognized sites around the world

but when it's an inflation has returned to japan up to decades of stock nation to come, that the central bank has raised borrowing cost, but will the measure from foot rows even further information on track for a re bound the hundreds of thousands of displace palestinians have made the way back to the north of gauze of many of them would have homes or businesses to return to its rails 15 months. wall on the strip is reduced in time neighborhoods to revel healthcare, education, roads, agricultural land, and most utilities like boston electricity, sewage and communication systems have been destroyed. the destruction has hit the very fabric of palestinian life in garza setting package development by 69 years. according to the un, rebuilding the devastated strip is expected to take decades and cost tens of billions of dollars. but how will return these codes until reconstruction gets on the way? we'll get to these issues without guessed in just a moment. the 1st report from katia lopez hold on it could take that gates and roughly $50000000000.00 according to the un to rebuild concepts as palestin

i was reading a comment by the vice chair of the european central bank little earlier central bank a little earlier in reaction to of this in reaction to all of this saying have to have an open saying you havetg havean dpen you yourself mind, you cannot let yourself be overwhelmed by you be overwhelmed by this. you also have to they 00:01:00,289 --> 4294966103:13:29,429 that initial announcement this is bbc news, the headlines. another escalation in donald trump's global trade war — he says he will hit all us steel imports with a 25% tariff. election, saying he is "confident" of forming launches an arabic edition of its award—winning educational programme for children in the middle east and north africa. of the fa cup by struggling championship side he will announce a 25% import tax on all steel and aluminium entering the us. president trump made the announcement while for more on this new tariff threat and all the latest us politics, we arejoined now by white house columnist for the hill, niall stanage in washington. i was reading a comment by the vice chair of the european central

interested comeback as central banks hiked rates aggressively after the pandemic.ndustry had a tough time during that period because to make those differentials really crucial, a lot of specialist funds did shut down but because the central-bank action we saw after the pandemic was fairly synchronized, it meant volatility was still fairly low and for banks that is crucial in terms of profits because it's a lot more trading activity and people switching up positions and we are already starting to see them benefit from more volatility since the election looking at fourth-quarter earnings. >> so that uncertainty helping to keep things up. thank you, alice atkins. it will be a busy week for european earnings as some of the biggest hitters report. we will preview them next so stay with us. this is bloomberg. ♪ ♪♪ ♪ three little birds ♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ lizzy: it is 6:45 a.m. in london and it will be a busy week for banking and luxury earnings. an idea of what to expect with chloe all over it. i want to start with the banks because so far in european earnings, the theme

that, of course, includes the central bank of to them. the only institution that has managed to partially resume activity is the bank of capital. it's local office direct to wait them, how much has sent this time to have customers. but tucker is empty and the only service you can provide is bank applications soon and that would be, it has to be really, we depend for cash and the central bank of to don, which hasn't you opened yet? that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0 was. and the thing to that the, i'm the demonstrations and the binds a dash of stones, the hey and this exiled full not prime is so shake has seen a thousands of processes gather them set far as i have seen his family home in the capital, dr. purchases were enraged

the american public must hear from you, are central bank today. >> the gentlewoman yields back. i yield myself five minutes for questions. think again, chairman powell, for being with us. let me start with the feds bank regulation and supervisory function. as i mentioned in my opening statement over the past 2.5 years, the outgoing vice chair for supervision has pushed new regulations that would move the united states towards a one-size-fits-all approach to credential regulation disregards the congressional mandate that quite clearly established regulators to tailor bank regulation based on institution size, complexity and risk profile. earlier this year the fed board announced that michael barbee stepping down from his position as vice chair on february 28, 2025 or earlier, should a successor be confirmed. significantly the board also announced at that time that it does not intend to take up any major rule makings scintilla vice chair for supervision successor is confirmed. i've discussed this with you, i've got concerns about that. you are not abdicating your supervisory respon

as traders parse the various threats when it comes to tariffs and the central banking story. a fresh eye on gold yesterday, but 2886 is where we trade currently. in asia, avril hong is on standby in singapore with a look at how tariffs and tech ripple through asian markets. avril: those are the main drivers for asia today. we saw the benchmark for the region, mostly negative territory amid the caution given some of these hawkish comments from powell and tariff uncertainty, clawing back some of the earlier declines. in the green now but i think this is mostly driven by the optimism surrounding chinese tech names. we are seeing japan back from a holiday, the nikkei looking flat, the japanese yen declining for the past three sessions. you get the sense may be the rally over the past week went too far, too fast. the boj's january rate hike, the subjects surrounding that would say in the absence of tariff noise, given the uncertainty, where this leaves future boj rate hikes. for the board there is a lot of chinese tech optimism. alibaba jumping by the most since september amid rep

the most i look the most of the, the advantage regardless of the central bank that we bought from the should be more accurate than atkins. and we have reached out to negligible numbers of both of them hugged, govern, see, and the capacity. and we haven't found the, all the reserves that we expect to find about the golden sea or even gold. and most of what was in see of them bank studio. and then it was to go and see the live at the end, which was a, and i was, i bought a lot of things and they moved them wordless bay. but this has become a major problem. it will still not be that we are no longer trying to sleep. oh no. okay. the question is, how can we support the hub going see in the syrian central bank and that will benefit and part of the country. and it's, it's called in a, in the next stage to just pull to what. so the 1st step is to try to lift the sanctions. and the next step is to move towards invest the money that meeting invites in friendly and sisterly countries. somebody has and then you're going to invest in syria, you're doing this and i know for what we know, you just

the question is, how can we support the hub going see in the seo in central bank and that will benefit the country and its, its calling me in the next stage to go to work. so the 1st step is to try to lift the sanctions. and the next step is to move towards investing money in a meaning, invite in friendly and sisterly countries by has and then you're going to invest in syria. you're doing this and i know for what we know, you'll never happen without lifting the sanctions for that and we will create suitable environment for the investment down and the fundamental model for fluid. so both of them, i don't do it as the 2nd step and they're going to be that is very important to allow her to come and see it to come to the country. i also we will reconsider that that 2nd because the taxes goes to, to you to be before the team between 72 to 70 percent of the total model ready this month. and today in investment at, in the country will consume flip, all was on the taxation system. and then what has happened to have the sofa is that it will be in union the up. and with that, the is the, the you

so these, that of course, includes the central bank of suzanne, the only institution that has managed to partially resume activity is the bank of capital. it's local office direct to wait them, how much has sent this time to have customers. but tucker is empty and the only service you can provide is back up locations soon. and that would be, it has to be really. we depend for cash and the central bank of to done which hasn't she opened yet. that's where we obtain the cost to this press to people. and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0 was. and the thing to that said, i had head on alan's era oldest for a moment to get phone. so was going keith of his team is to chose to reach the english lead comp final the the news the videos for now on his end. thank you so much, laura. well, new castle, a one win away from ending the 6 decade

so these, that of course, includes the central bank of suzanne, the only institution that has managed to partially resume activity is the bank of capital, or it's local office direct to wait them. how much has since this time to have customers. but tucker is empty and the only service you can provide is bank applications that soon and that would be, it has to be really, we depend for cash and the central bank of to don, which hasn't you opened yet? that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute with the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0 wasn't but they need to that journalist central loan could have been protesting a decision by the attorney general, the free 3 former military suspects and the 2009 murder of a newspaper editor bus on the chrome. it to him that was an icon of press freedom around the world. middle fernan

so these, that, of course, includes the central bank of sue, then the only institution that has managed to partially resume activity is the bank of capital. or it's local office direct to wait them. how much has since this time to have customers. but tucker is empty and the only service you can provide is bank applications, assuming that would be, it has to be really we depend for cash and the central bank of to don, which hasn't you opened yet? that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute with the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0 wasn't the thing to that. we have next inside story takes a look at donald trump's media strategy. i'm more about this and stay with us on august the . the hello we're looking at severe storms contained the way across northern parts of australia. floods hit pulse of the northeast of queenslan

so these, that, of course, includes the central bank of sue, then the only institution that has managed to partially resume activity is the bank of capital. it's local office direct to wait them, how much hudson is trying to help customers. but tucker is empty and the only service you can provide is back up locations that soon. and that would be, it has to be really we depend for cash and the central bank of to don, which hasn't she opened yet. that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0 was, and the thing to that they are in newton's climate monitor says last month was the whole just january on reco. despite hoops that cooling season pots with weld, my ease, the heat, the ocean has become a refuge for people in rich janera web scorching summit. temperatures are pushing 40 degrees

that, of course, includes the central bank of to them. the only institution that has managed to possibilities on activity is the bank of capital, or it's local office direct to wait them, how much has sent this time to have customers. but tucker is empty and the only service you can provide is bank applications soon and that would be, it has to be really. we depend for cash and the central bank of to done which hasn't you opened yet? that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons, the government hasn't been able to distribute with the new couple seats in working with any until that happens. people are continuing to deal in the kind of see that was previously the commission. how much fun, a da 0. why them? if they need to that turn list, processing a decision by for line cars, attorney general to free 3 mote, 3 suspects and the 2009 mother of a newspaper as to a sancho wicker. and i told him that it was an icon of press freedom around the world, m

finds itself lecturing other countries about central bank independence. but it charges them interest that's partially determined by the decisions at the people's bank of china. hopefully on this house floor, that irony is not lost on any member or any of the countries on the board at the i.m.f. mr. davidson's bill will put an end to awarding china's bad behavior. his legislation would require the treasury department to oppose further increases for chinese renminbi in the i.m.f. currency basket until the department of treasury certifies that china is in compliance with the i.m.f. article agreement and upholds the lending standards by the world's major creditors. in other words, h.r. 386 isn't about holding china to a double standard, it means forcing the people's republic of china to follow the same international rules of the road if it wants to enjoy the benefits of multilateralism and global leadership. i thank my friend mr. davidson for his important measure. i urge all my colleagues to support it and i reserve the balance of my time. the speaker pro te

growth has slowed to a four—year low — as the high cost of living hits consumer spending. of the central bank more comfortable zone. and that was a big trigger. growth is slowing down. we've seen corporate profits shrink and corporate saturday, where the finance minister the rbi governor is also hoping that that could boost growth as well. and we have news that, you know, prime the kansas city chiefs will be hoping to achieve a historic philadelphia eagles in new orleans on sunday. president trump will be there, the first sitting president with tv commercial slots reportedly going for as much meg ryan and billy crystal - meg ryan and billy crystal are recreating the iconic scene | .we . we were telling awhile that how mensa _ . we were telling awhile that how mensa makes _ . we were telling awhile that how mensa makes a - . we were telling awhile that how mensa makes a better l . we wer it elling awhile that . we wer it el one while that . we wer it el one of hile that . we wer it el one of hile few times _ are - . we wer it el one of hile few i times _ are looking to 77 to the 77 to the adve

that of course, includes the central bank of sue, then the only institution that has managed to partially resume activity is the bank of capital. it's local office direct to wait them how much hudson is trying to help customers. but tucker is empty and the only service you can provide is bank applications soon and that would be, it has to be really, we depend for cash and the central bank of to don, which hasn't you opened yet? that's where we obtain the cost to this press to people and it's where we can deposit any amounts that we have. so i think logistical reasons. the government hasn't been able to distribute the new couple seats in working with any until that type of people are continuing to deal in the kind of see that was previously the commission. how much fun? a da 0, wasn't the thing to that were when the bikes m. 23 rebels held the 1st public, raleigh in the main stadium of go live in the eastern democratic republic of congo, and what appears to be a show of force. the fight is present to the newly appointed governor for north keys, who permits and the men for good with the lar

lisa: there is a bigger point here that maybe some of these single mandate central banks are becoming incognito. they are going to allow weakening in currency, inflation to remain higher because the emphasis needs to be on growth at a time when they are being left behind. how much do you think that is a template for other central banks, namely the ecb, in the weeks to come? thierry: let me say that is a dangerous policy to follow. when you see so -- slow growth you don't know if it is the poor aggregate demand or the lack of an expansion of the economy's possibilities. i.e., an expansion of the production frontier. if you are cutting rates in the face of disinflation that is being caused by weak demand, that is ok. but if you are cutting rates on the back of declining growth being driven by poor supply conditions you may end up simply creating a lot more inflation. central banks need to make a better distinction when the issue projections about gdp. what is the underlying driver here? because what the underlying driver happens to be should play a big role in how they address the slowd

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france's central bank governor said trade tariffs would "increase economic uncertainty," had a "fairre this more now with sam lowe, consultancy. countries around the world are trying work out what the trying to work out what the tariffs mean. 0r trying to work out what the tariffs mean. or could it mean for eu? : biggest fer the ee? eet the e'ddflt' partner fer the ee? e.et the e'ddflt' partnerfor fer the ee? e.et the e'ddflt' partner for the fer the eeq e.et the e'ddflt' partnerfor the eu, fer the eeq e.et the e'ggflt' partnerfor the eu, but trading partnerfor the eu, but a significant trading partner for the eu, but a significant — a significant one. .. the us does import partner. the us does import quite a lot of goods from the uk. they are having to start to think about what retaliation could look like an eu think about what retaliation could look l if: an eu think about what retaliation could look l if those an eu 7 7 don't don't convince discussions don't convince trump to a different trunne ten c�*nnnse a different of travel. trumpte .....s of travel. . . ., course of travel. cars

the central bank's third cut since the pandemic. see on your screens there how gilts are trading. this morning you got the 30 year down just above the 5% level and then out toward the front of the curve. the one year is trading around 4.4%. john cunliffe joins me now, head of investment office at jm finn. john, great to have you with us this morning. what is your expectation for today's meeting? the 25 basis point cut is clearly quite well expected. but beyond the cut, what are you going to be looking for? >> i think the first thing would be whether there's any dissent. the last bank of england meeting there was a63 split in terms of no change. so there was a dovish tilt to it. catherine mann i think could be the outlier in terms of going for no change in rates. but i think the risks around the labor market are clearly skewed to the downside. and whilst the near-term risks to inflation i think clearly are on the upside, reflecting national insurance contributions and also european energy prices, i think the focus really has to be th

. >> force central. >> banks to. >> stop the easing path and potentially even have to reverse. >> chip maker. >> infineon surges after. raising its. full year outlook, as. first quarter results. >> come in. >> slightly better than expected. cfo sven schneider tells. cnbc the firm has. been resilient. >> we are still navigating in a pretty difficult market environment, which is, from a structural perspective, very supportive for us, but we still need to go through the inventory correction and in certain areas, the market demand is still weak. >> and u.s. >> futures point modestly lower as attention turned to tech earnings. >> today, with alphabet. >> next up after the bell. so the new global. trade war continues. china has now retaliated, hitting the u.s. with. tariffs of its own from february 10th. beijing will impose a 15% duty on american coal and lng, and an additional 10% tariff on crude oil, farm equipment and some autos. in a sign of a widening impact, china's anti-monopoly monopoly regulator also announced the launch of an investigation into google. so all of that fresh this mor

india's key interest rate now stands at 6.25% after the central bank cut they hope the move will providemulus this was widely gnt'c'reted” you rightly said the nearl five in nearly five years, making it more the all the more important. the last time we saw a rate cut was méyzozo, , liday2020,soon z may 2020, soon after i may 2020, soon after the in may 2020, soon after the covid pandemic had broken out, the policy makers of the fihtrfitheefihtifmaéfim fif iii; were fiheretheehhtemaéfim hf eh; were trying §h5r5th555ht¥m5§5r= 5!�* it.’h.5 were trying to §h5r5th555h55m5e5r= 5!�* it.’h.5 were trying to inject rbi were trying to inject stimulus into the flagging in 2022 t? 77 in 2022 mg} 77 in 2022 mg} raise the given1 2022 they raise the given1 2c geopolitical: the .. of- 77 of the uncertainties of the wars out and inflationary breaking out and inflationary pressures. now we seeing of 5r5 =55ih5 =5hh5hhih5 (55555 " even 5r5 ===m5 55m5th'h5 (55555 " evenin 55 555'hq 55m5th'h5 (55555 " even in the run—up to experts even in the run—up to the monetary policy meeting had which is the said which is the e

to india now, where the central bank has cut its key interest rate for the first time in almost five the reserve bank of india is aiming to provide stimulus the current fiscal year. in nearly five years. so making it all the more important. the last time we saw a rate cut was way back in may 2020, where the government or the policy makers, rather, of the rbi, were trying to inject stimulus with the wars breaking out as well but essentially now what we're seeing is that something the environment seems to be just right to go in for that rate cut by 25 basis points, primarily because inflation in the hands of people so they could boost spending because consumption makes up nearly 60% of india's gdp. and lower income groups who are possibly so they're hoping that this is going to provide that added stimulus to the indian economy. low at over 87 rupees to the dollar, because that would mean the reserve bank of india's monetary policy. so that's something that is being very closely watched by policymakers over here in india. despite the retail giant doubling its profits. computing unit and

play out is, i think, going to be a big factor and a big learning by doing, i think, for a lot of central bankscluding the bank of england. as soon as we hear from the bank of england, we will let you know here on bbc news. now let's bring you the latest on the trade row that's erupted this week between the us and china. beijing has struck back by filing a complaint with the world trade organization, over what it calls a violation of trade rules. this a day after president trump imposed 10 percent tariffs against china. and the dispute comes as data shows record high imports into the us, pressuring the trade deficit even further. our north america business correspondent, ritika gupta has more. of tariffs, racing to secure foreign—made goods. china ranked as the country with the biggest deficit in goods in december, sending around $25 billion more wto procedures give the us and china 60 days at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes the appointment of newjudges to the body, making it unclear well, a former

but in. >> the fourth quarter. >> during the election, central banks. accelerated their purchases by 54%. >> year over. >> year, which again, you can say whatever the reason is, i mean, the factually. that's what's going on. and in terms. >> of gold. >> miners. >> not all gold miners are created equal. >> now, you recall last year the a and my clan was. >> tim agnico eagle. it was a good looking piece. >> everybody knows what's in your clan. >> well, not. >> everybody. >> but if you throw. >> up an agnico chart, i mean, that's been on fire. and then to convert, you know, the other side. >> of that is newmont. >> mining, which is a disaster, and even barrick gold a disaster. so i. >> agree, i mean. >> the gdx should play catch up in a major way. if newmont can just get out of their own way, the stock should be at least 50% higher than it's currently trading. >> not to. >> pick up. >> pick up on what guy said not. >> to get. >> political as well, but when you have sanctions on. >> other countries. >> they're forced. to sell gold. so ukraine. >> russia. >>

temperatures should lift a little bit as well. as the country's central bank tries to reverse its economic. in almost five years. india's key interest rate now stands at 6.25% to the country's sluggish economy, which is expected shukla joins us now.

. >> to that point we know central banks are outside of the developed nations outside of the federalg up on gold at the start of after russia invaded ukraine and we cut russia off from some key systems. was that a mistake in hindsight or is that a necessary thing that we had to do. should arafat have been buying gold or do they ever buy gold? >> we have a lot of gold, was it a mistake, i don't think it was a mistake i think it was a brilliant piece of for dhs by the u.s. which is to say after covid it was made apparent to everybody as it was long apparent to the department offense the borrowing money from china to build weapons to face down china using chinese components built in chinese factories is not a good way to achieve national security. at some point you have to get out of the business of exporting treasury and get back to the business of making things in your own factory. how do you do that? discrediting treasury and the international community as a savings tool is a good way to do that and a good way to do that is to essentially tell someone you see as a bad actor in the gl

good economics and central banking requires you to analyze the numbers.onth and in a few months time, or even next month you will get a flip on airlines and hotels and you can get a better than expected number. they shouldn't overreact. lisa: i keep thinking about how it was talked about that you can exclude this and exclude that. but at the end of the day it is a rate that has been very sticky. are you saying it is ok for it to be sticky if is ok to accept a higher benchmark inflation rate? david: yes, the shelter is very important. it is 4.4% and it was 4.6%. it is coming down but coming down so slowly. we know it is going to keep coming down. we know the core of the inflation will eventually come down. it didn't happen this month and there is no reason for the fed to move quickly particularly given the policy uncertainty. jonathan: we appreciate your time here joining us now is mohamed el-erian of queens: cambridge -- queens college cambridge. first question to you, just how high is the hurdle to hike interest rates at the federal reserve and does this

every country dealing with crypto, the central bank is involved.opposite side of the aisle fought us. and that's one of the reasons we were not able to come together with a bipartisan agreement on stablecoins. you previously said that you would not resign if trump asked you to do that. do you stand by that commitment? >> i have no no changes to that. >> i can't hear you. >> yes. >> thank you. please let the record record that adequately. i appreciate that because you have a right to your position not to be interfered with by law, i believe, or even constitution. when musk comes knocking at the fed's door. are you going to let him in? >> i don't have anything for you on that. >> would you like to tell us today that you won't let doge into the federal reserve, or have access to the systems and the data? >> so we don't i don't have any. we've had no no contact and i don't really have i have nothing for you to report today on that. >> well, you know what happened to treasury and you know what happened over at the cfpb. and the people of this country ar

conviction and, normally, gold, as i say, would be regarded as the sum of all fears. which are the central banks rivals such as tesla. chinese ai app deepseek. do a look at our because there is so much more on trump's as detail on trump's tariffs. as we have mentioned, the executive �* was executive order was signed on monday in the oval office, and in it says that all steel in that it says that all steel aluminium coming ahg aluminium products coming the will have 25% into the us will have 25% tariffs imposed on them, and is into 777775 777777into7e7ffe7ct 77 777775 777777into7e7ffe7ct ah 7777nion7th777 7into7effect ah 77 7 7mon7th7o7f7 7into7effect ah 7777mon7th7of7mar7chj7fe7ct ah 7777mon7th7of7mar7cthst ah 7777mon7th7of7mar7cths w7e7 77 canada canada is 77 canada is the mentioned, canada is the importer... sorry, biggest importer. sorry, should biggest importer... sorry, should i say, of exporter, should ! say, at we . at” ., to the us. exporter, should ! say, at eve—e , we. 7. to the us. this has exporter, should ! saye oi eve—e , we. 7. to the us. this has a impact on many companies huge i

keeping a influenee on panama ttew. we keeping a close eye on are keeping a close eye on india's central bankiving the rbi's possible decision? and are close what it's thinking? hearing what it's thinking? we're very in i'm we're very close. in fact, i'm listening in to the governor of the reserve bank of india the’reserve bank of india he's been giving 7 about their stance poligf 5:1: zws tizf”: policy but we heard and policy but we haven't heard the announcement about rates the ahheuhsernent about at“-u...u..u........u....,, yet. it the ahheuhsernehtabeut ratesm ~ . yet. it should happen any now. there is a t'm3 h3“? th3'37'373 $333 77 that tlm3 “fig? th3f37'373 $333 77 that the t'm3 h3“? th3'37'373 $333 77 that the rbi tlm3 “fig? th3f37'373 $333 77 that the rbi will expectation that the rbi will go in for that record rate cut, the first time nearly five the first time in nearly five years, as you mentioned. the one we saw was in 2020, last one we saw was in 2020, may, soon the pandemic then the says rates then yse says rates hiked in and they maintained level. 7 level. believe is the time, 2

the head of america's central bank, jerome powell has made his first appearance in front of congresssee the us president donald he is outside trump, he is standing outside the house, you can see the white hodseflyoa' can see no down, they there's no coming down, they put up to keep him have put up awning to keep him out of the waiting a out of the snow. waiting for a 63—year—old teacher, mark who was just return to fggel, who was just return to united states from the united states from russia where he was held on drug—related charges. just to onuii wwnen w n you some i i i onuiisome background ,i give you some background. he , , in 2021 give you some background. he . . in 2021 for was aj'rested in 2021 for possession of cannabis i she she was i she was prescribed the which she was prescribed in the united he was given a united states. he was given a prison sentence but now he has been returned to the united and president