francine: thank you so much. stay with us to talk more about the first week of office for liz truss. sir david will stay with us. this is bloomberg. ♪ francine: welcome back to the open. we are seeing support for european stocks. the euro higher after we heard from the bundesbank president saying he expects the ecb to do more. that's continue the conversation on the u.k. with certain david -- with sir david. it was quite an extraordinary week with liz truss and also dealing with the loss of the monarch. what was under the radar is the fact that there was a senior civil servant fired from treasury. what does that tell us about how the chancellor will deal with the so-called being counters at treasury? sir david: i think it demonstrates an impatience on the part of the new prime minister. i suspect this is about attitudes to liz truss' wish to promote economic growth. i think she is suspicious of the treasury's reluctance to agree to spending money without clear evidence particular project is going to work. i think

francine: how do they combat?ever rising dollar, and i know goldman sachs increased your forecast for interest-rate hikes from the fed september and november. can the ecb do anything? jari: i think that is going to be a consideration over the next couple of meetings. to make sure the rate differential doesn't widen too much. because i think that has been one of the driving factors of weakening euro. in the near term, we think the euro will weaken further to $.97. so i think, that will be part of the consideration. ultimately most of the euro weakening has been driven by deterioration of the growth outlook. by the energy crisis, and also by the risk that it could be a more severe recession than what's being anticipated. francine: jari, thank you so much. the chief economist at goldman sachs. breaking out of germany. there is no need for a quick decision on comics bank -- commerzbank stake, and he is satisfied with performance. he has reiterated the need to restore borrowing limits. finnish insurance group sampo pla

francine: not too bad.ean leaders meet looking to stave off an energy catastrophe later this winter. germany keeps two nuclear power plants on standby just in case. emergency liquidity tools may be named on friday. french president emmanuel macron is backing and eu wide windfall tax on energy profits. >> we support a european mechanism which acts on european energy operators whose cost of borrowing impacts the market prices. this is a policy that france and germany support. it is the most coherent fight against disruption at the eu level. tom: for more, we are joined by our energy reporter, anthony. what are eu officials considering to battle this energy crisis? what do no about the plans? >> -- what do we know about the plans? >> they are discussing a lot of the fiscal measures like a windfall tax and a lot of countries proposed that based on the cost of energy and the prophets some of these energy companies are making. -- profits some of these energy companies are making. they need to impact the demand an

francine. francine: thank you.up, in her first national address as prime minister, liz trust promised a major package to tackle soaring u.k. energy bills. that is up next. this is bloomberg. ♪ >> i think blockchain can easily take on this risk on and risk off that that have had in a year's time, even if the main markets are struggling with bonds, real estate, equities, crypto might be marching toward old drum and getting to when all-time high. >> we have seen big live ridge in terms of the open interest in a perpetual swap contract compared to the bitcoin out there. what do you see in terms of price? >> i agree. we have been doing this for 10 years and we have an through three big bear markets. in average, we still -- we hit the lows in june and then we are onto the next bow markets. at night -- it might take a while to get going, but we are facing a next reality. >> what is your target for the year end and five years out? >> we have bitcoin as an industry that has averaged 2.5 the past year, so that is how it will

i'm francine lacqua in london. all of the attention focused on the passing of queen elizabeth. >> yes, good morning. britain's longest-serving monarch has died at the age of 96. they grieving nation starts to come to terms with the end of an era. she reigned for seven decades working with 16 prime ministers. for the united kingdom and much of the world, queen elizabeth the second defined the latter half of the 20th century. king charles iii takes to the throne. francine: i know it is so moving and you are there in front of buckingham palace. seeing these wonderful and heartfelt pictures of people leaving flowers, what is it like there? anna: yes, we are surrounded by the world's media, as you might expect. the passing of one of the most famous woman in the world, one of the most recognizable women in the world. in britain, many people still find themselves quite shocked at the news of her being monitored carefully by doctors and then things move very quickly. it wasn't until just after 6:00 at night u.k. time that

francine: thank you so much.joined by the professor of politics from the university of strathclyde. when and if liz truss is prime minister tomorrow she will go to the queen at balmoral she says and the first week that she will fix the energy price. sir curtice: if we operate within the frame liz truss has set for herself was tax cuts and not a handout, we have never had any observation that liz truss is minded to abandon her tax cuts. she was still defending them on british television yesterday morning. reversing -- on top of that she will abandoned vat on fuel as well as the so-called green levels. the interesting bit is what will she do with the hand outside? it has been clear in the last few weeks that the government would need to respond of the cost-of-living crisis by doing something to ensure that at least the what -- the less well off in our society could cope with the increase in energy prices. the interesting thing perhaps is the noise coming from those allegedly close to the prime minister, the expecte

francine: welcome to the european market open. i am francine lacqua in london with tom mackenzie. tom: the s&p 500 drops to a 22 month low as the fed's loretta mester says u.s. recession will not stop fed hikes. the u.k.'s labour party surges to the biggest polling in over two decades in the wake of liz truss' mini budget. eu energy ministers are set to have an emergency convention on gas caps. francine: we have made it to friday, which means a volatility and some of the wild swings we have seen. the pound now back to the levels pre-kwasi kwarteng budget on friday. ftse 100 features are flat. tom: james bullard also saying that the markets are getting it. not having higher rates without having more pain, but that was essentially the message from the fed officials. the ftse 100 currently down 0.1%. the estimates have been around 6.6% and that is slightly softer inflation out of spain, but the inflation print out of germany was distinct around 10%, the highest and nation out of germany. the cac currently getting 0.6%. we await more details on the energy plans from the banisters -- m

francine: huge correction? davide: if you take the real estate market, i think we will have lost a trillion in real value out of the housing market. today you probably won't be able to get a mortgage, and if you get it, it immediately puts the value of real estate down to-5%. nobody can afford a mortgage. there will be a price adjustment because it now costs 5-6 times more. francine: what happens to dollar? at some point, something needs to give. davide: it has to do with two facts. when you take the s&p, about 35 percent of revenue are dollar based. let's be clear, the tax base u.s. companies pay a broad is much lower than paid domestically. i think the actual bottom line is higher than 35%. on a basic conversion effect, all earnings made by u.s. companies abroad will fall simply because the dollar is 20% more valuable across a range of currency. it will have headwind in the s&p earnings. the s&p last year printed $200, if you apply the average multiple, and the fed hikes to 5 %, i would expect the s&p land so

francine: thank you so much.ane foley, head of fx strategy at rabobank. coming up, we will continue our conversation on the global macro outlook with the managing director of asset allocations at goldman sachs. that is coming up shortly and this is bloomberg. ♪ francine: welcome back to the open. 24 minutes into the european trading day. it is, but we are on edge. european stocks getting 1% and investors bracing for the risk of global recession. they look at the pound and its volatility. tom: now seeing 95 percent chance of recession and blackrock is more negative on equities. francine: if you look at the bonds that remain under pressure, one after the other, the markets are moving on this fault line tom: let's look at the corporates in focus. this is one company we are looking at in the u.k., getting 20% on the back of a takeover deal. this is a waste management company. and biffa has a 8% gain reflected on the back of their deal. and akzo coming in below estimates. s.a.p. bringing to your attention on the back

francine: i'm here covering a pretty big election, the first female prime minister. every guest asks, is the u.k. ok? joining us is the head of fx at barclays. garfield, if we see one dollar to the pound, is that the floor or can it go lower? >> it can go significantly lower, that's the story for every currency except the u.s. dollar just when you think you have found the floor, there is one more basement underneath. i was looking at what is going on with the yen, it went through a record low on a real effective exchange rate basis, 13% below the previous record low. that gives you some idea what could happen once currencies go beyond what we thought was there floor. the question for the pound is what does the boe do because yen's slide was driven by the bank of japan. it is far from dovish, but investors are deciding the u.k. government has fiscal policy. everyone is waiting to see how the bank of england responds to the pound crashing at the fastest pace since brexit. tom: let's bring in the

francine: let's dig deeper into sectors on the move. in gains you have basic resources, travel and leisure, financial stocks gaining between 0.6% and 0.7%. lower on telecoms, retail and consumer products. let's get to the mliv managing editor, mark cudmore with a big day for the u.s. you are looking at inflation. mark: absolutely. we have the cpi print the markets have geared towards, but we had the new york fed inflation expectations. the markets got excited because the one-year print has fallen 5.8%. a big decline. a big slump is great news, the fed is control. not so fast. in the previous 20 years, i do not member anyone caring about this data. last year when the three year number was rising up to 4%, three year inflation expectations in the u.s. two year yields were trading 25 basis points. we were debating if the fed would hike 25 basis points in the entire calendar year. that shows how we did not care about these numbers, and now we are trying to cherry pick something positive on the inflation story. here is a chart, this purple l

francine: thank you. grace peters stays with us and we also have kristine aquino with us still as well. we have ursula von der leyen talking about energy and it will be interesting to see as other countries try to curb some of their energy usage. tom: we are watching windfall taxes as well. we will continue to bring you live as the commissioner presence -- president speaks there in france. stay with us. this is bloomberg. ♪ tom: welcome back to the open. happy wednesday. we are 15 minutes into the european trading day. you are seeing losses across european equities. bad but not as bad as the session we saw stateside yesterday. s&p futures are now pointing to gains. we are bringing you live footage from the european commissioner president ursula von der leyen who is currently delivering her key states address in strasburg. she is talking about energy and regarding sanctions on russia. there are here to stay. we will wait for news around price caps and any windfall tax news as well. francine: we are joined

francine: thank you both for joining us. bloomberg's kristine aquino and virginie maisonneuve, global equity cio of allianz, stays with us. tom: we are going to break down the data coming out of china next. this is bloomberg. ♪ francine: welcome back to the open. 13 minutes into european trading day and we are seeing pressure across the board. declines are in the equities and u.s. futures also plunging lower. this is partly because treasury yields are lighter and that is because we look forward to this outsized federal reserve interest rate hike next week possibly. china has retail sales earned manufacturing production numbers increasing more than investors had expected. tom: still with us is virginie maisonneuve, global equity cio at allianz. what is your take on the data out of china? virginie: we have been expecting this. china was early in the contraction. we look at cyclical movers from the rest of the world and it had lockdowns. -- would be a strong catalyst. you see some of those numbers bottoming in a way, so we shou

francine: what is the optimum way?you talk to a finance manager -- minister or an energy minister and ask what is the optimum time to get away from that demented disruption, is there an optimum ratio -- demand destruction, is there an optimum ratio? angelina: if we charged by 15%, which is further of the current target in place, and there is no russian gas at all, you can balance the debt market. we are assuming that the winners -- winter is not as cold. that will pass 5% of demand and the markets will be tighter. in order for the ratio or abounds to be reached, you need to look at the demand being cut at lower levels and interest rates not as high. tom: a 5% increase in the demand would give a cold winter. when it comes to what we are seeing with uniper, this is the news we heard today, the confirmation of same -- them having talks with germany about a takeover by officials in berlin, is this the new template for utility companies across europe? angelina: especially for the companies which are exposed to the supply or

this is bloomberg, tom, francine?ncine: companies in europe are shying away from listings because of energy rates and record inflation. but not volkswagen, they are looking to raise $9.4 billion from his porsche ipo. for more, let's bring in bloomberg's frankfurt bureau chief. 75 billion euros, is the price range to conservative? kristof: it does reflect that they don't want to be seen as pricing to aggressively. we touched on the very difficult market environment around concerns of an economic slowdown, surging energy costs, there are a number of factors that are not ideal for an ipo. nevertheless, it is from a strategic point of view very important but the valuation does respect some conservatism i guess. tom: why don't they just wait this one out, given the state of these capital markets, why the rush to ipo? christoph: i think they want to hammer home the message that they are willing despite the adverse market conditions to push through beepers strategic and structural changes. both wagon group has been criticize

francine?rancine: as the economy slumps, the boot on wall street -- mood in wall street is changing. some companies are preparing to shed staff and bring down bonuses. let's see where this ends up with our reporter, nick, what is behind the job cuts? >> slowing deal-making, with all the uncertainty in the war in ukraine. executives aren't willing to pursue big-ticket m&a which means fewer fees on the advisory side. that will cascade, if there are fewer deals, that means less issuance of debt, bonds and equities. and by out by private equity firms, this means there is less work for bankers to be doing. we had word from goldman sachs two weeks ago, and where goldman goes, the banks follow. tom: what a turnaround in the last six to 12 months when executives were desperately trying to get hold of staff. you expect bigger waves of job cuts? >> we have had some really big waves of job cuts especially the last couple of years. the notable exception being credit suisse, we will likely see their strateg

francine lacqua in rome. bit of solace for europe is after the italian election, the euro is stronger against sterling but basically everything is. gilt markets are closed, so some of the pressure is being released through the u.s. bond market. at one point, to year of 10 basis points, now nine basis points. the yield hitting 4.3 percent, now just under that. local bond markets selling off in reaction to what is happening in the u.k. what will happen when these bond markets open at 8:00 a.m.? we will dive more into the u.k. story next. this is bloomberg. ♪ >> there is more to come, we've only been here 19 days. i want to see if over the next year people will save more of their income. i believe the british people will drive this economy and that's why i want people to retain more of the income they earn. dani: the new u.k. chancellor speaking on plans to cut more taxes despite the meltdown in u.k. assets we have seen. let's get more on this story, the pound has plunged to record lows this morning, bouncing ba

francine: preparing. lot to build up its reserves of natural gas and those that have the storage capacity. the u.k. doesn't. they have been working hard to reduce consumption of gas and electricity. those two things are absolutely crucial for europe over the next couple of months before the cold weather starts to kick in. in the u.k., we have no gas storage capacity so we can't build up reserves. we seem to have done very little to try and encourage people to use less during the summer months maybe that will come with a new prime minister. francine: i've heard from conversations from insiders that there are basic panic calls with government trying to figure out how to support part of the population that need it most while at the same time reducing demand. is there an equation we should look at? julian: i am not sure there is an equation but i think there is help focused on those who need it most. it has to take priority over a nationwide cut in prices. the problem with a nationwide cut in prices, as much

francine: she was loved by all. it was not always a smooth reign. if you present that not everyone was always behind her, but in the last 10 years, she was one of the most beloved heads of state. if you look at the u.k. now, fights with france, europe, the queen represented something. the never knew whether she was for or against exit but she wanted what was best for her country and would always look after that. -- said something whether she was not sure -- at the time, we could have imagined if queen elizabeth did not pick up the phone to people, a quiet word would probably have gone a long way. caroline: indeed. guy johnson immediate reaction. we also want to bring in frank moore, a professor of cultural history at the university of manchester. you are writing about the british monarchy. what you think this moment means for the british people? frank: i do think a momentous chapter of british history has closed. a life is passed. i extend my sympathy to the family and the new king and queen. what does it mean? one of the things we can do is go back

we will return to francine lacqua in rome for the latest.his is bloomberg. ♪ juliette: you are watching daybreak europe. jonathan haskell on the u.k. ratesetting committee says the plan to raise rates raises difficult issues. the chancellor is expected to announce a package of tax cuts later today. japan is to abolish many covid border controls in a move to revive terrorism. the prime minister says individual visitors would be allowed to enter with a daily caps on arrivals removed. the prime minister of pakistan has made an appeal for debt relief as they grapple with catastrophic floods. he says his government has signed an agreement with the imf with tough conditionality's. global news, 24 hours a day, on air, and on bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new l

not francine. >> jimmy: north? >> no, the one with the makeup, the lips. kylie.em francine. >> jimmy: how is kim the mom and kylie's the daughter? >> well, because it's all -- >> jimmy: you've got to make me a chart, will you make me a chart? >> yes, the head is kris. don't get it twisted. the ultimate mom is going to be kris. kim is the mom of, yes, north, saint, milwaukee, and idaho. [ laughter ] i don't know. american cities, american cities for $500. but the daughter, the daughter sent a big box of her makeup. and get this, one time the mom came over to my house and she goes, "tonight, you know what i have to tell kimberly?" i go, "that she's rich and famous?" i have to tell her kylie is a billionaire with a "b," kim is still just a millionaire. [ laughter ] i said, this is like the g8 summit. [ laughter ] we should do this at the united nations. >> jimmy: she had to tell her that? >> yes. so i love them. and then i -- her husband there, very shy and introverted. >> oh, what's he doing there? >> he hates it. he says, "kathy, please don't talk to kaitlin, she

. ♪ ♪ francine:

. ♪ (police radio call) (sirens) (news report) (sirens) (news report) francine: with a $20 billion fortunedrer

captions paid for by cbs television distribution francine smolkowski is suing her former student, halled loan to pay a vet bill. >> byrd: order! all rise! this is case number 134 on the calendar, your honor, in the matter of smolkowski vs. frey. >> judge judy: thank you. >> byrd: you're welcome, judge. parties have been sworn in. you may be seated. folks, have a seat. >> judge judy: how old are you, ms. frey? >> i am 19. >> judge judy: who is that? >> that's my boyfriend, zach. >> judge judy: what'd you bring him here for? >> he's my witness. >> judge judy: about what? >> about smokey said that... smokey, this is what i've known her for... >> judge judy: about what? >> smokey is what i used to call her in school because she was my teacher. >> judge judy: what is he a witness for? >> i was getting to that. he is my witness because, as when she first served me, she said that she called him, and he didn't receive any calls, and he took bear to, which is my dog, to vet visits with me. >> judge judy: [ groans ] [ laughter ] listen! you're 19 years old. you want a dog? >> yep. >> judge judy:

but also there must be a basic and gas. francine's maple shows promises, but we need to find gas, and that's why we're saying, we'll also waiting funding for gas nearer consumes gas. even co. all the big country is consumed gas and coal, oil. and why should africans not have the right to do the same? so i think that if, if we helped to finance the agitation perhaps we could do without it not only but in the meantime, unnatural was sources need to be re valued to provide energy populations to make our countries competitive. was working on straightforward plans. just these before the ukraine war and you, africa summit was, was held, have the energy prices in europe effective. your plan to go korea, particularly regarding the fact that some of the european leaders say that they are interested in increasing the production of oil and gas in africa. law group on the ground, one for the credit crisis has shown the dependency of europe on russian gas current that we see currently say europe is seeking alternative solutions of course africa, which is one of the solutions in this concept contex

guess it is up a mix, francine, subordination, not so many rules can. the number of russians in law traveling abroad is also dwindling. the other hand, domestic travel seems to be in the rise. now in russia, i'm actually in many a touring the country even though you think it's because they have no choice or if they're really.

thank you very much for finding that peachcare po brennan line, francine trafalgar square. ukraine's president has visited areas in the north ace to recently recaptured from russian forces. the letter means the landscape met soldiers and the devastated city of zoom and held a moment of silence. the fallen fight is prosecuted. say residents have been tortured and killed during moscow. 6 months occupation is on our site go. so amanda will come. i didn't know when and nobody knows when we have plans. so we'll come because because it's our land and tell our people, that's why we'll come. ukraine says it recaptured thousands of square kilometers from the car. keep region in the past week. it's calling on the west to speed up weapons deliveries to back its advance. ukrainian flags flying and the cds if you me, and could be ends by phone, railway lines that serve as supply routes for russian troops. ukraine says it's also made games in the south me co, san. but as a slower pace, harder abdel how me to travel to the newly re tank in area is that clear to speak to people about their lives und

the former was attended by mann international guess example, next francine, subordinates. yeah. not so many. mann middle school and the number of russians in nor traveling abroad is also dwindling. on the other hand, domestic travel seems to be as arise now in russia. imagining that in many a touring the country, even though can you think it's because they have no choice or is there really a lot of interesting things to see in russia? shasta lum principal simple michael bruce thought i believe it's what they call the silver lining lacrosse tournament. i think it was difficult for people to view russia as a place to explore syria, mainly because international destinations clearly had services of much better quality to offer to the east. and they were easier to get to just stay and you're all set up. all of those a cheer, russia was really behind in terms of tourist infrastructure and quality of service, a political music now that people have started traveling around russia or so i'm really happy to see that so many and now discovering that there's so much more to it than they sal

all green before was attended by man international guess it opens up a mex, francine, seaboard, nicea, not so many man. ruskin and the number of russians in nor traveling abroad is also dwindling. the contract, on the other hand, domestic travel seems to be in the rise. now in russia and washington, many a touring the country, even though you think it's because they have no choice or is there really a lot of interesting things to see in russia? shesta mom, for instance, him for michael bruce thought i believe it's what they call the silver lining up rosters, all women. but i think it was difficult for people to view russia as a place to explore syria, mainly because international destinations clearly had services of much better quality to offer east and they were easier to get to office just bay and you're all set a chill rusher was really behind in terms of tourist infrastructure and quality of service, a clinical now that people have started traveling around russia or so i'm really happy to see that for many. and now discovering that there's so much more to it than they thought abou

. >> that was the imf managing director speaking with francine lacqua.t banks -- pretends to visit seoul, korea for the first time in three years for a potential partnership. he says his final goal is to take the company public in the u.s. after the sale to nvidia fell apart. jamie dimon has signed cryptocurrencies again calling the digital asset decentralized ponzi scheme. in congress he said data points would not be problematic with correct legislation. elliott investment management bought about $1 billion of a jump on deal supporting its own buyout of a software company citrix. >> coming up next, our guess tells us why a hope of apace it -- pivot is silly and why we should not fight the fed. this is bloomberg. ♪ >> my colleagues and i are extremely committed to bringing inflation back down to the 2% goal. we raised the target range to 3.75% and there will likely be softening of labor market conditions. we should move our policy rate to a level that is restrictive enough to bring inflation down to 2%. we have just moved into what i believe is the very

tom: francine, thank you so much, greatly appreciated.hat we've got left here, i think we have to frame back to the absolute umoja is 2022. a great observation that we are not even to neutral yet. lisa: just to give you a sense of that, more than a dozen central bank meetings will be held in the next 24 hours as we look at all of these nations dealing with something very new for the past decade or two which is inflation. one way to look at this regime change is to look at japan, $1.9 trillion of negative yield. that was $18.4 trillion. tom: these are flows of money in the flow is destabilized. just from the beginning of the year, the fx industries which is more complex and 8% appreciation. those are big figure numbers in foreign exchange before the united nations and frankly, for chairman powell. lisa: 25% appreciation of the japanese yen is a more violent example here. especially the emerging nations. the fact that those commodities are paid for. tom: that is what i will watch here at 2:00 p.m.. what will you watch? lisa: i will see how

. >> reporter: little francine has been in pain for weeks.as no money for doctors after the family fled haiti with nearly nothing six years ago. a lot of violence, earthquakes, for your family you left. they have been living at this migrant shelter in mexico for about a month. pastor hector silva runs the shelter and says in 25 years, he's never seen this many migrants. thousands arriving every week. he drives us to the second shelter he opened a few months ago. and estimates about 12,800 migrants, mostly haitians, are currently waiting in reynosa. he can house nearly 6,000. the rest are living on the streets. >> it is very difficult to stand at the gate and see the man with a child and say i'm sorry, i cannot help you. >> reporter: the question is why, why are so many people flocking here and why now? instagram and for you? facebook. facebook, facebook? >> reporter: many say word has spread including on social media that migrants who come here can enter the u.s. legally if they wait their turn. silva says there is some truth to it. the legal

couple with his name wanted by the fee for president johnny and francine a shade. he haven't lost any of his skills heading the will during the psycho this month for our world cup count down. so it's focusing on north and central america, canada, the us, mexico. and costa rica, the teams you've qualified from the region. you can find it online or watch it here on our sera, on wednesday at 2330 gmc, you'll start in rolls of football, leak has been rocks. why allegations of racism and bullying? one of them most successful clubs, an independent review, commissioned by the whole phone football club, has revealed some indigenous players. what isolated from family, and told to break up with partners to focus on their careers. one player also claims he was pressured to terminate his part in this pregnancy. the reporters found aboriginal players were bullied by senior coaching staff, a whole phone, including full time premiership coach allister clarkson, who has denied any wrong doing or misconduct. the a f l is now investigating the allegations. it's populating the top, l

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johnny and francine, or the coin for football to be a safe space for everyone. 21 time grand slam champion. know that jack of it should be happy with these 4 made of the paris masters, indoor events in a months time chalk of it took care of business at the tel aviv oakland on friday against canada. the wasik hospital was a straight fit win for the 3rd, who is currently ranked 15th in the world. shock of a 276 and 63. if all the paris masters to muscle stop in places like tokyo and palsy. and at the korea oakland in sol, there was an upset the top seed caspell root of norway in the last 8 us open finalist was beaten, increase it by japan's rushing heat on this yoga another up against alexander kava chevy. h in the semi finals. the intervals chief medical officer says miami dolphins calls him back to its under by lower was checked the daily for concussion symptoms this week before he suffered another head injury against the cincinnati bengals. on thursday he was chased down and sacked by josh to pose towards the end of the 1st half. clay was held up for almost 10 minutes, as he received trea

francine: i think both -- david: i think both are going to come down. five months of gdp data. growth might have been strong at the start of this year but it is coming down. over the next year, next 12 months, we would be lucky to get 2% real gdp growth. maybe add on another 3%. talking about 4%, a little over 4% nominal gdp growth. that is less than we have been seeing the last year. as nominal gdp growth has gone down, that means it is going to be tough for companies to deal with. lisa: that is why we are saying revenue and earnings downgrades. tracking those downgrades and how they have come in. at an accelerated pace you have expressed optimism consistently. i think this is interesting. what is going to be the pivot point for market participants to get confidence in a rally that is not loved and quick to reverse on a day like today? david: i hope the federal reserve would feel comfortable enough on the progress we have seen with inflation and scared enough with what was going on with the economy that they would signal the next move will be less trau

. >> francine ann virgilio. >> joshua s. vitale. >> joseph gerard visciano. >> lynette d.. >> maria percoco vola. >> alfred vukosa. >> garo h. voskerijian. >> karen wegner. >> gregory kamal bruno wachtler. >> and my father, edward. dad, i want to let you know that i miss you a lot, a love you a lot. i joined the navy because of you and for everyone that passed away that day. i has been in the navy five-and-a-half years and just got out last week. i want to thank my dad for watching the and keeping me safe. every time i would go outside on the flight deck i would lock up in the sky and see the stars and i would talk to my father and jesus. i would always see a shooting star and i know he was watching. thank you for watching me, i love you and god bless america. [applause] >> my sisters, susan and jennifer. two words resonated throughout this country after the attack, never forget. unfortunately, 21 years later, it seems like a lot of the country has forgotten. we lost close to 3000 people 21 years ago. we lost more since that day and we are going to be losing even more. peo

that is francine's _ she attended the west indies. at the time but she set her mind to it, that was one of her goals that she wanted to achieve and in a short time frame. and it was achievable, she got a letter back and we still have copies of the letters and it was great to have the whole community involved in that. all the people from the west indies held the _ all the people from the west indies held the queen in high regard. she was their— held the queen in high regard. she was their queen. and to actually be able to— was their queen. and to actually be able to see — was their queen. and to actually be able to see her and meet her meant a lotto _ able to see her and meet her meant a lot to them _ able to see her and meet her meant a lot to them. she was their queen, and to— lot to them. she was their queen, and to actually see her in the flesh, — and to actually see her in the flesh, i— and to actually see her in the flesh, i think that was the most important — flesh, i think that was the most important thing, and to come to chape

. >> melissa vincent >> chantal vincelli >> lawrence virgilio >> francine ann virgilio >> joshua s vitaleo >> lynette d vosges >> maria percoco vola >> alfred vukosa >> garo h voskerijian >> gregory kamal bruno wachtler >> and my father, down, i want to let you know i miss you a lot. -- dad. i love you a lot. i joined the navy for you and for everyone that passed away that day, i just got out last week and i want to thank my dad for watching me, keeping me safe through my deployment. every time i go outside on a flight deck i will look out in the sky and see the stars and talk to my father, jesus, and i would always see a shooting star and i know he was there watching me so thank you for watching me, dad, and i love you. god bless america. >> my sisters, two words resonated throughout this country after the attack -- never forget. 21 years later it seems like a lot of the country has forgotten. we lost close to 3000 people 21 years ago, we lost an additional 4000 more since that day. the world may forget, but we the families of those who perished, we will never forget. thank you. [applaus