here and we have a fed head on the record on cnbc chicago fed president charlie evans sitting down withis morning in europe >> reporter: well, thank you so much, yes. we're here in germany and charles evans is here to actually participate at a conference which is organized by the bundes bank, the central bank who is at the forefront of the criticism against the ecb. but let me bring you back to the topic which i addressed with charles evans, clearly we had to speak about the spikes and repo market and the reasons behind that as we got so many different potential reasons in the spike in the repo market i had to ask him what his explanation is for that and take a listen >> the new york fed put together a very strong program to offer repos daily, offer term repos over the quarter end and i think it's effective i think that this is just a challenging time the federal reserve's balance sheet is lower than it had been. we had been bringing it down we stabilized it, but there's still pressure on the level of reserves as nonreserve liabilities adjust and so the term repos i think had been extre

. >> we heard from a number of fed speakers, katherine bullard, neel kashkari and charlie evans any minute mixed messages out of the fed. new york, john williams, perhaps the one to watch, a bit of an ambiguous statement but pointing to be in the cut camp. speaking of trying to get the message out, former new york president, new york fed president bill dudley with another op-ed attempting to dispel some of the controversy of last week writing he does not think the fed should attempt to influence the elections, but, quote, a lot of risk that the fed by easing might encourage the president to take even more aggressive actions on trade. this might create even greater downside risk for the economy. we also in the last 24 hours, guys, heard from bullard in st. louis, voting members, 50 basis points, responding to market pressures in the environment yield. other side, another fed voting member says the economy is doing just fine. here we are in another big rate debate where the market is pricing at 100% chance of 25 basis point cut in september though 50 might be a surprise. >> josh, do you thin

the 14-day was -- >> it doesn't change what charlie evans said earlier -- charlie plosser said earlierunintended consequence, we can go through ups and downs with it but if he's right about what happened, you know, that's great as long as times are good. things get a little diceyer, i don't know what that means. >> i think that's right, becky what we have is we have structural problems in the market that manifest themselves at times of return so the idea is to get the reserve level right and get the repo market right forex treem times like this i think the fed is doing probably what needs to be done to tie this over while they do a bigger rethink. >> what he said scared me. this market doesn't exist anymore, the banks don't do it the trading desks aren't there. >> i think charlie overstates it what it is, the federal home loan bank board, banks are the ones that are really big in the repo market. they have a lot of -- they have a lot of cash that really sets that rate. and the fed has to make some changes to the reserve level may have to make some regulatory changes. we have the goldma

this case echoes those of charlie gard and alfie evans, which involved lengthy legal battles betweennd hospitals. in each of those cases, the courts backed doctors and life support was withdrawn. this is the fifth high—profile case to come to court in as many years, and they're desperately sad and difficult cases. the problem is that, whilejudges have been recommending mediation, if there is no common ground between the parents and the doctors, then it has to be up to the courts to decide. once again, the courts are having to intervene between parents and doctors, and a judge decide whether a child should live or die. fergus walsh, bbc news. it's 5:33am. now on bbc news it's time for the travel show, which this week is in switzerland at the world's biggest wine festival. coming the world's biggest wine festival. up on this week\ programme, coming up on this week was my programme, iam coming up on this week was my programme, i am in switzerland at one of the world ‘s most colourful and crazy wine festivals. the sun is blazing, i'm so hot, i'm melting, totally worth it. this atmosphere

this case echoes those of charlie gard and alfie evans, which involved lengthy legal battles between and hospitals. in each of those cases, the courts backed doctors and life support was withdrawn. this is the fifth high—profile case to come to court in as many years and they are desperately sad and difficult cases. the problem is that, whilejudges have been recommending mediation, if there is no common ground between the parents and the doctors, then it has to be up to the courts to decide. once again, the courts are having to intervene between parents and doctors, and a judge decide whether a child should live or die. fergus walsh, bbc news. now on bbc news, david shukman reports on the battle to preserve the world's largest rainforest, in amazon under threat. the amazon rainforest is the largest in the world. home to an incredible variety of life, but suddenly, it is all at risk. the clearing of the trees is accelerating, and scientists are warning about the danger of irreversible loss. it's never going to come back again. we are never going to be able to build on amazon. it's goi

this case echoes those of charlie gard and alfie evans, which involved lengthy legal battles betweenrt was withdrawn. this is the fifth high profile case to come to court in as many years and they are desperately sad and difficult cases. the problem is that whilejudges have been recommending mediation, if there is no common ground between the parents and the doctors, then it has to be up to the courts to decide. once again, the courts are having to intervene between parents and doctors and a judge decide whether a child should live or die. fergus walsh, bbc news. england's cricketers have shown some resista nce england's cricketers have shown some resistance against australia at old trafford. rory burns reached his half—ce ntu ry trafford. rory burns reached his half—century alongside joe root, trafford. rory burns reached his half—century alongsidejoe root, who also reached 50. in the last half an hour, burns was out for 81 and joe root for 71. england a short time ago where180—a, chasing a97. after a thrilling summer of world cup women's football and record viewing figures, the wom

this case echoes those of charlie gard and alfie evans, which involved lengthy legal battles betweenthdrawn. this is the fifth high—profile case to come to court in as many years, and they're desperately sad and difficult cases. the problem is that, whilejudges have been recommending mediation, if there is no common ground between the parents and the doctors, then it has to be up to the courts to decide. once again, the courts are having to intervene between parents and doctors, and a judge decide whether a child should live or die. fergus walsh, bbc news. a woman in her early 70s has given birth to twin girls in the indian state of andhra pradesh. mangayamma yaramati had undergone in—vitro fertilisation, or ivf. she and her husband had first tried to have a baby nearly 60 years ago. the bbc‘s tim allman has the story. looking more than a little bemused by all the attention, the proud father shows off his newborn children. sitarama rajarao is 82 years old, quite an age to be a first—time dad. his wife, the proud mother, is only a few years younger. she is still in hospital after unde

charlie? well, you know what, it's a beast. that's what it is. 70 games across the weekend. fortunes should evan across the weekend.e weekend. fortunes should evan flow. we've have weeks and weeks them to get through. their preparations are also interesting. also, we do have to mention scotland a little bit. where their preparations quite how they could be. we understand thomas cook collapsed overnight and there is an operation to get back all those people who are abroad need to be brought back to the uk. today's the day, the early 80s expect the early hours of this morning, the civil aviation authority started a repatriation scheme. the idea is to get those people away at the moment back to the uk. many more questions about those people who have bookings in place. it's going to manchester airport. dave gast is there for us. manchester airport handles a lot of thomas cook business. give us a sense of what will be happening in practice. welcome to terminal1 at manchester airport. these lanes should be full of people checking in. no work, no school tomorrow and no flights today. all flights have been cancelled becaus