the sada system is in progress and also the general treasury in its response on the 5th of december 1401 requested several commissions from the executive bodies to, in addition to the plan to complete the existing information , to register the property information at their disposal in the system, but so far only 585,000 subjects 29 law of the 6th development plan is also the information of their property, the respected representatives are announced, the program and budget under the group are announced . what kind of organization do they have? and two judiciary branch, two sub-groups of presidential institutions, ministry of communications and information technology, sub-group of ministry of economic affairs and finance , 7 sub-groups of ministry of health and medical education, 28 sub-groups of ministry of labor cooperation and social welfare, 5th group of ministry of jihad, agriculture, 24 sub-groups of ministry of roads and urban development 11 sub-groups of the ministry of mining industry and trade 47 sub-groups of the ministry of science, research and technology 48 sub-groups of the

center are currently transferring their received information to the sada system, and also the general treasury in its response on the 5th of december 1401, the commission announced that this authority has requested several directives from the executive bodies to complete the existing information on real estate information. register and complete yourself in the system, but so far only 585, 1759, article 29 of the law of the sixth development plan is also the information of the property itself , and the respected representatives of the program and budget organization under the environmental protection organization are a unit of the cooperation organization of municipalities under the unit. the supervisory council of the broadcasting organization, two groups of the national iranian oil company and two subgroups of the judiciary, two subgroups of the presidential institution , the communications and information technology group, the ministry of economic affairs and finance, 7 subgroups of the ministry of health, medical education, and 28 subgroups of the ministry of cooperation. work and social we

we are number 102 arman rahimabad, the general treasury will be centralized, the payment of the approved credits will be done according to the law, but in the budget of the year, we considered 1402 tomans 53, with the answer, the second stage has not been done. rural and underprivileged areas of the presidency said that 28 units and agencies are providing services in rural and underprivileged areas. mr. madani said that the big problem of the apparatus in rural areas is a wild view of the issues of less attention to the rural economy. the ministry is thinking about the area that you work by yourself, i must not be aware of this, is this the priority of the country now, that the salam salam index is 50%, 60% of the decline in adina , we paid less attention to the infrastructure , we paid less attention to the issue of the village's economy, and despite all these facilities, the issue of the same village and regions deprived, water infrastructure, gone, gone, school gone, health home, gone or not, really, the coverage of over 90%, over 80% of the rural population has decreased, the head of

center of iran , which is currently transferring the information of the sada system, and also the general treasury, in its response on the 5th of december 1401, the commission announced that this several authorities requested the executive bodies to register and complete the property information in their possession in the system in addition to the plan to complete the existing information, but so far they only said 585,700 property information, the honorable representatives are announced as follows. what is the work of the kamandaran theater of the environmental protection organization, a municipal cooperation organization of the national iranian oil company, and two of the judiciary, two of the presidential institutions, 17 of the ministry of communications and information technology, of the ministry of affairs economic and property 7 sub-groups of the ministry of health and medical education 28 sub-groups of the ministry of labor cooperation and social welfare 5 sub-groups of the ministry of agricultural jihad 24 sub-groups of the ministry of roads and urban development 11 sub-groups of the mini

is in the process of transferring the received information to the sada system, and also the general treasuryed in its response on the 5th of december 1401 that the authority of several circulars has requested from the executive bodies to complete the existing information on real estate information in addition to the plan. 585, 1759 executive power in the system , subject to article 29 of the law of the sixth development program, and the registration of their property information , the supervisory council of the broadcasting organization, two sets of the national iranian oil company, and two sub-sets of the judiciary, two sub-sets of the presidency republic 17 sub-group of ministry of communications and information technology sub-group of ministry of economic affairs and finance 7 sub-group of ministry of health and medical education 28 sub-group of ministry of labor cooperation and social welfare 5 sub-group of ministry of jihad agriculture 24 sub-group of ministry of roads and urban development 11 sub-group of ministry of industry mining and trade 47 subcategories of the ministry of science

center are currently transferring their received information to the sada system, and also the general treasury has requested several circulars from the executive bodies in its response on the 5th of december 1401. in addition to the plan to complete the existing information, the property information at your disposal in the registration system and so far only 585,000 is the subject of article 29 of the law of the sixth development plan. the property information has resigned. respected representatives are announced as follows . so far, they have stopped working, the environmental protection organization, one unit of the municipalities cooperation organization, two units under the supervision council of the broadcasting organization , from the national iranian oil company, and the judiciary, two under the presidential institutions , the ministry of communications and information technology, under the group ministry of economic affairs and finance 7 sub-groups of the ministry of health and medical education 28 sub-groups of the ministry of labor cooperation and social welfare 5 sub-groups of the m

transfer center of their received information, the sada system, is being carried out, and also the general treasuryounced in its response on the 5th of december 1401 that this authority has issued several directives from the executive bodies have requested that, in addition to the plan to complete the existing information, the property information at their disposal in the system, but so far only 585,1759 meters have been registered in the system. what are the programs and budgets of the sub-sets? environmental protection organization, one set of the municipalities cooperation organization, two sets of the broadcasting organization supervisory council, two sets of the national iranian oil company, and two sets of the judiciary, two sets of the presidential institution, 17 sub-sets. the ministry of communications and information technology is a sub-group of the ministry of economic affairs and finance . 7 is a sub-group of the ministry of health. research and technology 48 subcategories of the ministry of culture and islamic guidance subcategory of municipalities 171 subcategories of the ministry of

is in the process of transferring the received information to the sada system, and also the general treasury has requested numerous circulars from the executive bodies in its response on the 5th of december 1401, and in addition to completing the existing information. property information is available in the registration system, but until now, 585,1759 meters and properties are registered in the executive system, the subject of article 29 of the law of the sixth development plan is also the property information . currently, the environmental protection organization is an agency of the municipalities cooperation organization of the following two agencies to monitor the broadcasting organization of the national iranian oil company and the judiciary branch of the presidential institution in the ministry of communications and information technology under the ministry economic affairs and finance 7 sub-groups of the ministry of health and medical education 28 sub-groups of the ministry of labor cooperation and social welfare 5 sub-groups of the ministry of agricultural jihad 24 sub-groups of the

iranian statistics center. and the transfer of the received information to the sada system in the general treasury, in the response of the 5th of december 1401, the commission announced that this authority has implemented several directives to request that, in addition to the plan to complete the existing information , they should register and complete the property information at their disposal in the system, but so far, 505 thousand and 759 meters have been registered in the system under 37 executive bodies subject to article 29 of the law of the sixth development plan, as well as the registration of property information under the environmental protection organization , one under the municipalities cooperation organization, two under the organization supervision council sed and sima, a group of the national iranian oil company and two subgroups of the judiciary, two subgroups of the presidential institution , 17 subgroups of the ministry of communications and information technology, a subgroup of the ministry of economic affairs and finance, 7 subgroups of the ministry of health, medical educatio

transfer center of their received information, the sada system is being carried out, as well as the general treasuryits response on the 5th of december 1401, which the authority has requested several names from the executive bodies to complete the existing information plan in addition to the property information in the sana system, so far only 585 1759 executive meters are the subject of article 29 of the law of the sixth development program . the respected representatives of the planning and budget organization resigned what sub-groups do they have a cease-and-desist hall? environmental protection organization, one municipal cooperation organization , the broadcasting organization supervisory council, from the national iranian oil company, and two sub-groups of the judiciary, two sub- groups of the presidential institution, the ministry group. communications and information technology in the ministry of economic affairs and finance 7 sub-groups of the ministry of health and medical education 28 sub-groups of the ministry of labor cooperation and social welfare 5 sub-groups of the ministry of agricu

and also, the general treasury, in its response on the 5th of december 1401, the authority notification commission has requested several circulars from the executive bodies to, in addition to the plan to complete the existing information , to register the property information at its disposal in the tekam system , but so far only 585,1759 meters have been registered in the system. the subject of article 29 of the law of the sixth development plan is that the information about their property has resigned . what kind of organization do the honorable representatives under the group of negar talar quit verb have? and two subgroups of the judiciary, two subgroups of the presidential institution, the ministry of communications and information technology , the ministry of economic affairs and finance, 7 subgroups of the ministry of health, medical education, 28 subgroups of the ministry of labor cooperation and social welfare, 5 subgroups of the ministry agricultural jihad 24 subcategory of the ministry of roads and urban development 11 subcategory of the ministry of mining industry and trade 4

involved as suspects, accused, our products are in demand abroad, and this currency is in the general treasury importantly , food sovereignty, we can provide ourselves with everything we need from vegetables and bread, yes, dairy and meat products. if the mechanism works well and the rogue merchants and corrupt officials stop making adjustments to it, then the prices for these products will be quite acceptable, and we will stop being surprised. why the tomatoes that came to us from azerbaijan is sometimes cheaper than our belarusian ones . what is in the program this year and what venues are involved every saturday? we invite residents of minsk and guests of the capital upper city to participate in those sites that well, i will designate several sites are planned in the upper city. one of them is tours of the upper city. we will say last year. so this project was tested for the first time and, uh, it is very popular, like minsk residents, such guests of the capital, because, uh, you can do a lot, first, learn about our city. he is the location of the city. and then, of course, after the tour,

has been paying down all t-bills, because they couldn't issue more debt that treasury generalis down to bear bucks they have to replenish that next three to six months going to adequate to ton of issuance until the marketplaces so treasury yields back up, net net reverse repo facility money market funds money into facility evening norths 56% safe money, at the same time, you've got bank reserves as treasury issues more debt we are going to have bank reserves more than likely coming down a story in our view something for risk assets too because we know risk assets correlate fairly well to the expansion, of the fed balance sheet, this is going to be a story in next three months of liquidity retraction that is something to keep an eye on going to be financial liquid coming out of the system versus moving into system, the balance sheet in general march hit balance sheet went up expanding that balance sheet with lending programs, sits on asset side of the fed balance sheet back with finally back to where we were in march with regard to overall balance sheet. >> interesting doug the

we they also have the treasury general account rebuild this summer, which means there will be some liquidity being drained out of the financial system here in the us, but when you look at the data, the tightening in credit conditions has not been that much more significant than it was before the banking crisis, and we're not seeing the events of march play out into the real economy as a big struck and actually this was a pretty special meeting for the fomc where they revised their set of forecasts, so as they told us injune, they have a better view of the economy going forward, their outlook for growth and the labour market is more optimistic than it was in march, and that's why i think they now share this collective view that they need to do more tightening in monetary policy. we had also been worried for quite some time about a recession in the world's biggest economy. is that still a possibility? i think you have to take that possibility pretty seriously in this business cycle, just because of the pace in which financial conditions have tightened, and how high inflation is. there is a rea

we also have the treasury general account rebuilt this summer which means some liquidity will be drainede financial system in the west. when you look at the data, the tightening in credit conditions has not been much more significant than before the banking crisis and we are not seeing the events of march play out into the real economy as a big shock. this was a special meeting for the f rmc where the revised their forecast and they told us in june that they had a better view of the economy going forward, their outlook for growth and the labor market is more optimistic than it was in march, and that's why i think they now share this collective view that they need to do more tightening in their policy. we have been — tightening in their policy. we have been worried for some time about a recession in the worlds biggest economy, is that still a possibility? i biggest economy, is that still a possibility?— biggest economy, is that still a possibility? i think you have to take that _ a possibility? i think you have to take that possibility - a possibility? i think you have to take that possib

one is that refilling the treasury general account held at the fed. in the process where the treasure is issuing our responsible drain some reserves out of the banking system in a way that has a bigger magnitude than the monthly $95 billion in qe. that is a risk on horizon and could tighten liquidity conditions in the next couple months. other than that, you see softness and economic data demand. we are paying attention to thursday retail sales. the fed is likely as well. we expect a pause until july. -- even in july. katie: those are the two factors i have been trying to make heads or tails of. we have inflation coming down but then you have a and evidence the fed means to keep optionality. at the same time, you have evidence that things are starting to cool down. good things potentially cool down where you actually need to see a cut? should we be talking about a cuts and not a hike? anna: i think the fed strategy is to hold higher for longer. they are less inclined to push interest rates really high and then have to because aggressively later on. th

as the treasury has been issuing bills to refill the treasury general account, we have seen the reverse repo overnight facility declining. >> isn't there some sort of conflict with higher reserve requirements, liquidity and lending in the market? is there any tension? >> i do not believe so, it is a place for money market funds have been putting their money. as rates normalizing the economy , we are likely to see reverse repo facilities shrink dramatically, i think with without particularly important macro economic effects. >> the fed had to intervene in december 2019 to provide stability to the market. the fact the fed needed to use an emergency facility would normally indicate some cause for alarm. do you feel that was an aberration, there is no more because, everything has been settled? >> that was about suddenly finding ourselves in reserve scarcity. we have been monitoring the level of reserves carefully and thinking that we knew where scarcity would start to appear. the problem is demand can be volatile, so demand spikes and you had a situation where we had to supply reserves in b

ceiling has now been passed, there is talk the treasury may look to replenish the rundown of the treasury generalccount. they were running it down into the debt ceiling deadline of the -- deadline they are talking about issuing more treasury bills. is that going to put for pressure on the market >> fair point. i would say yes. indeed, the treasury will rebuild the tga. they will issue massive amounts of bills that will put strain on the rates. what it also means is that they will drain equity out of the markets. now this drain of equity could have a showing on longer term yields in our view, looking not just at the fed, but the ecb with their's expiring at the end of june, this is likely to be reviewed the next couple months. in the magnitude of 7% to 10%. we have a contraction in liquidity ahead of us. if we start having a correction there, i think it will actually benefit both favoring the summer run going long the 10-year is in play. >> thank you for coming in and sharing your views head of rate strategy europe bnp bnp. >>> the bank of australia has had the 12th hike in 13 months german orders

the treasury general account just $20 billion away from being empty. this will increase apply by 90 billion. it will be interesting to watch liquidity from that. money markets divided on which white australian central banks will move later on tuesday. let's talk about this and similar with our e-commerce reporter. >> we don't know which way the central bank would go. we have had a wage price decision which is a strong 5.75%. on the other hand we have had slowing employment growth. and signs of a slowdown in consumer spending so the reserve bank could put focus on either of those and decide to do what it does with inpatient remaining a concern and a lot of economists have also been pleed with the forecast. even if they don't do anything this month, there might be something in the coming months for them to do. request that decision from the reserve bank of australia and 2:30 local time. >> thank you and good morning. russia and ukraine have reported widespread fighting on the front lines as anticipation bills for the long-term counteroffensive. ukrainian

we know that treasury needs to replenish their general account.fed couldn't do the qt they wanted to ton a net basis over the last three or four months because of banking stress and as a result of that we might see tighter lending standards. begin those three things, none of those are liquidity friendly. if you think about 492 companies having priced in the slowdown, we still have eight companies that still need to price it in so i think the market is going to run into some rough waters this summer as we see about a 6 or 7% earnings decline for the second quarter but i do believe as the full market prices in this mild recession scenario, i do think by year end we'll be able to position equities back towards 6 or 7% profit growth in 2024. maria: yeah. i mean, it's interesting to look at this possibility of a recession and debate how severe that recession will be in the face of these huge gains for technology. i mean, you look at the large tech names and that is what is keeping up this market. nasdaq up, what, 25% year-to-date. apple hitting an all-

declining inflation towards the 3% level >> talking about the treasury general account? >> yeah. where yellen drew it down. >> i just want to make sure when you say tga. >> i want to see inflation move lower and unemployment has to move higher. >> i agree i don't think those are the head winds market participants should focus on as the risk my question would be what are stock prices looking like if and when those insurmountable obstacles get surmounted is there a buy when we beat the main bosses? >> it depends on what they're buying >> our broad outlook is for a slowdown we're positioned in the bond market where we will take advantage of a slowdown through all the bonds that we're buying. if i miss 5% in stock pricing, i'm fine >> but what's your tolerance let's say you missed 15% because you weren't positioned for it. you say, you know what, i'm chasing now because i can't sit on the sidelines anymore and you rebbe a lot of people who are in a similar position, rightly positioned, watching the train go way down the track. >> i don't mind jumping on the train two stops down when

we have seen an uptick in liquidity in the beginning of the year we have the treasury general account they used during the debt ceiling count they did not issue net new debt in the first part of the year. that is why liquidity wept up. that will reverse -- went up that will reverse itself it will pull liquidity out of the market and you will have loan repayments starting again and the business tax credits you will see liquidity come back down my sense it is bearish for stocks. >> liquidity was also a concern and perhaps credit conditions are a concern from earlier this year when our country had the worst banking crisis it has had since the great financial crisis back in 2008 and 2009 the markets, ivory, as you know and i know and everyone who listens or watching this program knows shook it off in short order. what does that tell you about investor sentiment and how bad a fall could be? >> investors suffer from short-term return disorder it hasn't been addressed completely 50% of banks in america have more liabilities than assets. the fed opened up the discount window for the maturity

no matter where it comes from, we need to replenish the treasury general account we all know it's coming it's coming shorts will get squeezed the way these things end is a blow up at top >> the vix, can you give us any enlightenment into the vix >> because of skew in the markets, as you slide higher, you slide to a lower vol when you see market ball up, it's a time to be cautious >> awesome have a great weekend >> reporter: kelly and the gang, back to you. >> rick, great stuff. >>> let's dig deeper into the jobs report. look who's hiring. professional and business services led the way then the government. health care. leisure and hospitality. here to break it down is tom gimbell. welcome. >> good to be back. >> you have to settle the debate here strong payrolls, bad unemployment. >> come on, guys this was a great -- >> no. >> there's no argument >> this was a great report honest to god sometimes chicken little is running around my tv. >> that's me >> what are you talking about? >> the market might be on my side you tell me why stocks are up so much and yields are doing what they're doing

this guy, this irs agent goes to the inspector general at the treasury department and says that police be kidding me. i think the real take away is the arrogance these bureaucrats have and this comes on the heels of what they did to matt taibbi. matt taibbi is testifying in front of our committee. democrats are asking who his sources are. he said i can't talk about my sources. it's called the first amendment. while that's going on, the irs is knocking on his door. maria: unbelievable. >> this is scary. this is the agency getting more agents and more money. that's why we've got to stop that. maria: this is all so dangerous. thanks so much. we'll be watching your next move. thank you so much for being here this morning. quick break and then prices are still out of pocket but can americans find sneaky ways to save? smart shopping expert is with us with all of the tips and tricks for shopping. you're watching "mornings with maria" live on fox business. i think this is it guys? when the martins booked their vrbo vacation home, they really weren't looking for much: a patch of grass for bruno

switching to some other means of payment in mutual trade will be discussed, in general, the fears of the head of the us treasury are not fear of the future, but the panic caused by current events. severe drought prevails in poland and poles are advised to avoid significant water consumption in the country due to the long absence of rain. the soil has dried up, especially the dramatic situation has developed in the west and north of the country in a number of regions it is forbidden to water homestead plots, and citizens are advised to save up dirty dishes and wash them without using running water, a similar situation has developed in central and east germany , the inhabitants of berlin, saxony and brandenburg. warned about the likely path of water limits the coming weeks could ban filling pools and watering lawns, it is noteworthy that not only the weather is to blame, but also green activism in the region recently banned lignite mining. this caused the groundwater level to drop so thus, the ecological struggle led to the complete victory of man over the balance of natural processes. today the belarusian holida

situation, they don't seem to be concerned about government spending and what the refilling of the treasury general account or refinancing the debt later this year might do to the banks and what not. it just seems like there's not a lot of care and that they are very short term in focus. i think your point, neil, is a good one that as we get closer to these things happening and they see real issues, you know, on the horizon, then there probably is something going on. but right now, you know, it's very breakfast clubbish out there. neil: and we should point out, kenny, that the presidential election is still a ways away. but having said that, i can understand being focused on the federal reserve right now, what it's going to do. we do have a fed survey out that shows inflationary expectations are now the lowest they've been in two years. we've got a cpi reading, a retail flakes reading tomorrow. so let's focus on the fed for the time being. what do you think they do, and what signal do you think they send? >> so i think they're going to, i think they've done a very good job of signaling that that he

same for the 2-year treasury in general, seeing a lot of movement in high temperature b - movement inde at $73 a barrel. same action for the natural gas market wti and brent are on pace for the worst performance in just about two months. >>> time for a check of the top corporate stories with silvana henao. silvana. >> frank, i'm back ford is preparing a new round of layoffs here in the u.s. according to the wall street journal, the cuts could come as early as next week and mostly focused on salary workers. ford announced the reduction of 3,000 salary and contract jobs in north america and india back in august. the automaker is looking to slash costs as it spends on shift to electric vehicles >>> u.s. regulators are looking at statements by the india adani group. the u.s. attorney office in brooklyn reached out to investors with holdings in the v recent months. the s.e.c. has a similar probe under way and officials are looking at the representations that adani made with american investors following short seller be hindenberg's report. >>> and statements with the bio-steel sales misstat

indeed, you are right about the military part, but in general, the functioning of our treasury withoutl support, which essentially covers 50 % of state budget expenses. we would not survive if you and i touched on the topic of taxes, so they are returned to fuel, and already from july 1, because of this, the prices of gasoline and diesel can rise by how much. so why are the legislators decided to return the pre-war excise tax and value-added tax, we will ask the director of the a-95 consulting group about this serhii kuyun we are in touch good evening i congratulate you well, this decision was already made a long time ago but even in july, the more people are talking about the fact that fuel prices what are yours? calculations to what extent it will be possible to avoid price increases even with the return of taxes well, unfortunately, i think that this is unrealistic because the increase in taxes will be very significant , for example, on gasoline e-e, the tax burden increases by uah 11 per liter, on diesel by 7-8 uah per liter e- liquefied gas by three, and accordingly due to the pro

direction of being open to further rate hikes if it comes down to it so i do think in general range bound and sleepy treasuryields have been comfortable for the stock market all in all, you know, we might get the move the july. that's probably okay no matter what, it's kind of close to the end of things in terms of what the fed is going to do. the inflation number coming on friday, we'll see if that throws a wrench in that general setup of relative calm in terms of the fed outlook right here to me, the message of the market has been encouraging consumer cyclicals and industrials and transports have been outperforming recession-type stocks like consumer staples, some of the weakest today and disinflation victims. the question is whether we've all decided to get complacent about the economy when numbers change >> more tonight on "taking stock. that's our cnbc special which mike is hosting at 6:00 p.m. eastern time dow goes out a loser i will see you tomorrow. "overtime" is now. >> a mixed bag i'm jon fortt with morgan brennan. we have breaking news. we'll get earnings results from micron as the chip industry b

all these major at treasury and attorney general, state and war. all these people from ohio, also the supreme court and chase was chief justice until 1873. and then he's by a toledo lawyer named morrison waite, who then served for another 14 years. so the chief justice of the united states, for most of this period is from ohio. and of course, some of the associate, as you can read in your are also from ohio as well. so the executive branch check judicial branch check legislative branch john sherman ben wade were some of the most influential senators leading the reconstruction efforts and leading the country to the war. john bingham from ohio actually wrote the 14th amendment. george pendleton as we've seen a democrat from cincinnati he ends up writing the civil service act. so the question though is not okay, so there's a whole bunch of guys from ohio. so what? well, the question is really why? why ohio? and that is a really important question. the one i really want you to take away from this, not that there are a bunch of ohio presidents, but why

i think the refilling of the treasury general, account that was, people can focus on that for a couples. so far, early days, seems to be going. bob we've been watching it carefully. >> sometimes you set up here, all three, these they feel like this moment in time for these factors all come together. they could have a really negative effect. let me move to something that i think is not often raised. i have huge concerns, we've all litigated back and forth, causation, but one of the things that happened when you get 40 plus billion dollars coming out of an institution at six hours, driven by an internet -- that is, you know, i don't know what regulatory framework prevents that. while i was glad that the scc put out a commentary saying we do need to take a look at, or more transparency on short selling, we found the path short selling bars don't protect some of this. one of the things that a new york official mentioned is how do we get rid of the stigma of a bank going into, to the, to the window? rather than the fed being a lender of last resort, if we had that liquidity window, it's ava

treasury bonds. you do that generally not at auction, but in the market. if you think about it, there's really no logical difference than buying it directly at auction from the treasury itself or buying it from goldman sachs on its books, right? because goldman -- liz: little bit of a fee that goldman charges. >> no, but i don't mean it like that. they're monetize thing the debt -- monetizing the debt either way. liz: dow is now down 306 points. >> that that's because of me, right? thank you. liz: it's all you. >> i will say one of the things i think he does well is, you know, he's a man of his word in this sense. he was the gentleman, he was the guy who said after the regional banks started blowing up we're going to have a pause. he does not give misdirection to the market. we have a pause today. he's also the guy who says we're a long way from my inflation target. liz: he said not a single one of them in the fomc policy meeting said cut this year. not a single one of them. >> cut, that's right. liz: no cuts. >> that's right. so every time we keep hearing

i think that will be the bigger issue so treasury has to reload the treasury general account and tryo do it and that will be hard to do. the reverse repo rate is pretty high and there is no duration risk and if they can't get it out, it will come out of the bank reserves. that means there will be less liquidity. we been arguing throughout the debate that stocks can rally into the debt debate because there will be massive liquidity pumped into the system. once the debt ceiling gets raised, that liquidity may come out and that poses risks for financial markets and the second half of the year. jonathan: people are focused on the potential for that. let's focus on the general election next year. can you think of a time when such a large chunk of the middle of this country is facing the prospect of two candidates facing each other again but they don't want them to run? >> i spent 11 weeks on the road in the last election and every time i take trump versus biden, people give me a funny look it didn't really matter. their support may be softer than what you would see in the polls. we will h

prigozhin has already presented a list of generals who will not be shot, i will tell you that out of 7,000 mg, she puts only 200 alive 6 800 will be curdled treasuryt be possible for ordinary people in sticks, special wooden spiders and jews, the former generator may consist of it is not a federal service , military contrasts, it is slapped, it is her profession, and she was dealt with by the generals . close to him the person with whom he listened for the last three years begins definitely as both putin 85% in his time the race is held one-on-one from kolchuk , by the way, it was a military crime main i am one of the most ideologues of ukraine with ukraine, so the fragment in general , the world is asking how to try to take revenge over the west. the general will be soft enough and shoot. and putin , too, kovalchuk leads him to look for water after half an hour on tv to the sounds of the immortal ballet peter the great, tchaikovsky and all traditional sexual orientations будет всё очень такой текст what i am, unfortunately, comrade putin, i made serious mistakes in ukrainian, questions well, he wants health, and he is written to a non -shifting m

us treasury secretary has emphasized the role of sanctions in intensifying the de-dollarization of the world's trade relations . on wednesday, during the meeting of mr. ziad nakhale, secretary general of the palestinian islamic jihad movement and the accompanying delegation, while congratulating the victory of the islamic jihad in the recent battle in gaza , they considered the conditions of the zionist regime today to be very different compared to 70 years ago and emphasized that the zionist enemy today is in a position of inaction and reverse. it is action and this situation shows that the resistance groups and the islamic jihad of palestine have known the path correctly and are moving forward with tact on this path of the islamic revolution, emphasizing that in goals and great works, the achievement of the goals is achieved as long as there is no risk to life. it will not be possible, they said. today, by the grace of god, the strength and credibility of the palestinian resistance groups and islamic jihad have increased day by day, and the stunning defeat of the zionist regime in the five-day war is proof of this. ayatollah khamenei noted that the palestinian islamic jihad gave

things i'm looking at now that we are getting through the debt ceiling is the treasury has to replenish its so-called generalnt. i think the conventional wisdom is they will do that by issuing t-bills, the front end, but they could issue longer-term debt, if we saw yields go higher on the back of that, even for a tactical period, that tends to be a drag on some of these longer duration tech stocks. i don't know exactly what treasury will do, but that is something i would keep an eye on tactically for playing the tech trade, including ai, even though that is an organic structural factor. if i could say one other thing while we are talking tech -- keep an eye on what is going on in china. i'm sure you all are talking about this, but i noticed earlier this spring, and you all reported on it, about the bloomberg-like database they have, wind, and i started digging into it more. china passed a law in 2021 to start to protect national data, and they have been doing this very quietly, drip, drip, drip, but they have restricted foreign access to parts of this database, which you really need to understand china. this

as the treasury has been revealing the treasury general account, we've seen the reverse repo overnightity declining. >> isn't this some sort of conflict with higher reserve requirements, liquidity and lending in markets, is there any tension there? chair powell: i don't believe so. it is a place where largely money market funds have been putting their money. as rates normalize in the economy, we're likely to see the reverse repo facility shrink dramatically. and i think without particularly important macro economic effects. >> in september of 2019 to provide stability and liquidity to the market, the fact that fed the needed to use the emergency facility to intervene in the market would normally indicate some cause for alarm. do you feel that was an aberration, everything has been settled? chair powell: that was about suddenly finding ourselves in reserve scarcity. we've been monitoring the level of reserves really carefully, and thinking that we knew where scarcity would start to appear. the problem is demand can be very volatile. demand spiked and there were no reserves. so we had to