i will now hand over to my colleague janet wall from _ now hand over to my colleague janet wall fromeshire _ i am a family liaison coordinator with cheshire constabulary. i. i am a family liaison coordinator. with cheshire constabulary. i have been _ with cheshire constabulary. i have been asked — with cheshire constabulary. i have been asked to _ with cheshire constabulary. i have been asked to read _ with cheshire constabulary. i have been asked to read out _ with cheshire constabulary. i have been asked to read out a - with cheshire constabulary. i have i been asked to read out a statement on behalf— been asked to read out a statement on behalf of— been asked to read out a statement on behalf of all _ been asked to read out a statement on behalf of all the _ been asked to read out a statement on behalf of all the families - been asked to read out a statement on behalf of all the families in - on behalf of all the families in this case _ on behalf of all the families in this case. words _ on behalf of all the families in this case. words cannot - on behalf of all the families in i

the wall street banks and the treasury department which is populated by people from the wall street tanks. janetmocrat but she had a lot of speaking fees from the likes of citadel and others so i see her in exactly the same light so why did that order look like swiss cheese? why were they all these carve-outs? it's because the banks want to continue making money when they can from communist china. we don't do that. we're a private institution. but as long as treasury is dominated by the goldmans, the jp morgans, the morgan stanleys of the world, this is what you're going to see. i've got to say, maria, it's a shame because there are people, even by the national security council who are really hawkish who work to put august together, this upcoming really amazing japan, south korea discussion that will happen at camp david. i mean, these are important steps forward but we really need the president to say, hey, treasury department, no more handouts for wall street. we've got to get serious not just for the next election but on behalf of all americans because national security is not a partisan issu

shares on wall street have fallen sharply following the downgrade, and it has drawn an angry response from us treasury secretary janetzzling" and "unwarranted". 0ur north america business correspondent michelle fleury has more from new york. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report and for the first time since 2011 that rating has been downgraded from aaa to aa+ fitch said. the assault on the capital onjanuary 6th was a factor in its decision, contributing to what they perceive as a steady deterioration in standards of governance over the last 20 years. from wall street to washington, reaction was swift — us markets tumbled, with tech stocks leading the nasdaq lower while bond investors pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger. i strongly disagree with fitch's decision, and i believe it is entirely unwarranted. its flawed assessment is based on outdated data and fails to reflect improvements across a range of indicators, including those related to governance that we've seen over

treasury is riddled with wall street folks, it's very accommodationist towards china. janet yellen going to china, kowtowing in a way we haven't seen in many years. that was not a good sign especially on the heels of finding out there were reports the chinese had a lab in california they were running. if the chinese continue to keep up their malign activity we need to get the pressure on them. it's reasonable. appeasement is something in a democracy that's very popular. we think other people are like us. we project our reasonableness on other people so we think if we stretch out our hand and say we want to work things out with you we will get reciprocity from the other side. they will take whatever we give them and say what have you done for me lately. there is no benefit from this one-sided policy. saying you'll apologize, tell us that the lab had a leak and how do we work to prevent it again. that will never happen with the commonest party of china or any communist party. going to your question i think it's been a mixed bag with the administration. we've got some hawks on

wall street and asia having a strong session but this is certainly spooked sentiment. let's discuss this with tom stevenson, who's an investment director at fidelity. good morning. janetdy allen saying this is arbitrary. i have her statement —— janet yellen and she said she strongly disagrees and says it is based on outdated data. that is based on outdated data. that is riuht. is based on outdated data. that is right- it _ is based on outdated data. that is right. it seems _ is based on outdated data. that is right. it seems the _ is based on outdated data. twat is right. it seems the data that fitch have used this analysis carries the period from 2018— analysis carries the period from 2018- 2020. it analysis carries the period from 2018— 2020. it is easy to see why the us treasury and white house are pretty furious about what has happened. i think a bit of context is important. it is not the first time that the us government rating has been downgraded. standard & poor�*s, one of the three big ratings agencies is actually downgraded in exactly the same way from aaa down to aa+ in 2011 during the eurozone debt crisis we had back then, 12 years ago. that really did not

janet yen has previously considered. this scenario has now changed its mind, and a number of leading wall street analysts are predicting a recession and a potential fall in the stock market in the coming months. due to heavy rains, the german nuremberg went under water. the movement of trains and public transport was disrupted, hundreds of houses and cars were flooded, people had to get out of their cars through the windows and even eco activists were forced to stop their protest, ironically, saying that the climate crisis was doing all the work for them. earlier heavy rains caused the collapse of the frankfurt airport from europe's busiest airport, dozens of flights were delayed. while germany is sinking the canary islands are burning tenerife authorities announced the most difficult forest fires in 40 years smoke is already visible from space people are being evacuated meanwhile the situation in france and belgium is becoming more difficult than all this will turn out our european correspondent anastasia popova fire moves west more than 200 military emergency specialists, along with local police, are monitoring the sit

wall street to washington, reaction was swift. stocks tumbled while bond investors pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger. i treasury secretary janet yellen reacted with anger.— reacted with anger. i strongly disauree reacted with anger. i strongly disagree with _ reacted with anger. i strongly disagree with fitch's - reacted with anger. i strongly disagree with fitch's decision | disagree with fitch's decision and i— disagree with fitch's decision and i believe it is entirely unwarranted. it's flawed assessment is based on outdated data and — assessment is based on outdated data and fails to reflect improvements across a range of indicators, — improvements across a range of indicators, including those related _ indicators, including those related to governance, that we have _ related to governance, that we have seen _ related to governance, that we have seen over the past two and a half— have seen over the past two and a half years. gf —— of the democrats used the opportunity to point finger and republicans for their role in the recent debt limit fight of all republicans blame

also coming up: nerves on wall street and anger in washington, as fitch downgrades america's credit rating. treasury secretary janetwe speak to the author of the business book of the year. hello, it's time now for the top business stories. we start here in the uk — where the cost of borrowing is on the rise again the bank of england is widely expected to raise interest rates by at least 0.25% as it battles to bring inflation under control. it would be the 14th rate rise in a row, piling yet more pressure on many households and businesses. the bank's main interest rate is already at 5% — the highest in around 15 years. inflation is beginning to ease, but consumer prices are still rising at almost 8% a year — that's four times the bank's target. so it has a tricky balancing act to perform — reining in inflation without strangling the economy — as our economics editor faisal islam explains. there's been a couple of things that have gone in the bank's favour over the past month. we've seen sterling rise — that will help temper

janet yen who yes considered this. this scenario has now changed its mind, and a number of leading wall street analysts are predicting and a potential fall in the stock market in the coming months. powerful downpour hit smolensk in some streets , waist-deep water flooded the entrances of several residential buildings and a shopping center, from which visitors had to be evacuated. the traffic lights are out of order. the trams stopped vera perelman about the scale of the disaster. such a picture on studencheskaya street unfortunately, this is a classic, because every time they start here. len these showers and there is a huge puddle through which you simply can’t drive waist-deep into cold and dirty water and with a coward in your hands, not so smolensk planned to spend friday evening. some drivers, who is himself? i sat down in a puddle and decided to stay where i was and help them get out. others also choked and began to pull this situation all over the field. all how many cars pulled out. four won fifth is worth, so the precinct is at risk drive. not everyone is trying to go around the lake on studencheskaya along th

janet yen who considered before. such a scenario has now changed its mind, and a number of leading wall street analysts are facing a recession market downturn. actions predicts in the coming months a powerful downpour hit smolensk in some streets , waist-deep water flooded the entrances of several residential buildings and a shopping center, from which visitors had to be evacuated. the traffic lights are out of order. the trams are up. vera perelman about the scale of the disaster, such a picture on studencheskaya street, unfortunately. it's a classic because every time i'm here heavy downpours begin in smolensk ahh, storm waters can’t cope here and there is a huge puddle through which you simply can’t drive waist-deep in cold and dirty water and with a cable in your hands, not so smolensk planned to spend friday evening. some drivers, who is himself? i sat down in a puddle and decided to stay in place and help out. others, too, choked , began to pull out all the times they got into this situation. all how many cars pulled out. four won fifth is worth, so the station runs the risk of passing. not every many try to go around

janet yen, who even considered this. this scenario has now changed its mind, and a number of leading wall street analysts are predicting a fall in the stock market in the coming months. due to heavy rain german nuremberg went under water. trains and public transport were disrupted, hundreds of houses were flooded and cars were forced to climb out of their cars through windows and even eco activists were forced to stop their protest, ironically saying that the climate crisis is doing all the work for them earlier heavy rains caused the collapse of the airport frankfurt in one of the busiest in europe, dozens of flights were delayed. while germany sinks kahn

wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasury secretary janetellen reacted with anger. i strongly disagree with fitch's decision, and i believe it is entirely unwarranted. its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that we've seen over the past 2.5 years. other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. while republicans blame joe biden and democrats for trillions of dollars in new spending. many economists dismiss the downgrade, including jp morgan chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didn't really matter. and he may not be wrong. us treasuries, that is government ious, remain the bedrock of the global financial system, despite this latest knock to the reputation. expectations are high that it will raise rates again. if so, it could take the cost of borrowing up to a 15—year high. consumer inflation has

wall street to washington, reaction was swift. stocks tumbled while bond investors pushed up treasury yields higher. in washington, treasury secretary janeted with anger. i strongly disauree reacted with anger. i strongly disagree with _ reacted with anger. i strongly disagree with fitch's - reacted with anger. i strongly disagree with fitch's decision | disagree with fitch's decision and i— disagree with fitch's decision and i believe it is

secretary janet yellen called the downgrade arbitrary and said economic conditions had improved under the biden administration. the news of the downgrade came after the close of trade on walltreet, but in asia, investors have been pulling out of equities in reaction. here's what markets look like right now in europe. the ftse 100 is down and the ftse100 is down and a similar picture in germany and france. {idim picture in germany and france. claim of their implications. _ picture in germany and france. claim of their implications. francis - of their implications. francis female coppola joins us. janet yellen says this is arbitrary, is it? i yellen says this is arbitrary, is it? 4' yellen says this is arbitrary, is it? ~ ., yellen says this is arbitrary, is it? 4' ., , yellen says this is arbitrary, is it? ~ ., , , yellen says this is arbitrary, is it? 4' ., , , ., , it? i think what she is “oining us is showing * it? i think what she is “oining us is showing a h it? i think what she is joining us is showing a deterioration - it? i think what she is joining us is showing a deterioration in - it? i think what she is joining us l is showing a deterioration in fiscal governanc

wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasurer secretary janetlen reacted with anger. i strongly disagree with fitch's decision, and i believe it is entirely unwarranted. its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that we've seen over the past 2.5 years. that we've seen over the past 2-5 yeas-— that we've seen over the past 2.5 ears. , ., , , 2.5 years. other democrats used the downgrade — 2.5 years. other democrats used the downgrade as _ 2.5 years. other democrats used the downgrade as an _ 2.5 years. other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. while republicans blamejoe biden and democrats for trillions of dollars in new spending. many economists dismiss the downgrade, includingjp morgan dismiss the downgrade, including jp morgan chase ceo who called it ridiculous and said that the decision ultimately didn't really matter. and he may not be wrong. us treasurers

wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasurer secretary janet

wall street to washington, reaction was swift — us markets tumbled, with tech stocks leading the nasdaq lower while bond investors pushed up treasury yields higher. in washington, treasury secretary janetelieve it is entirely unwarranted. its flawed assessment is based on outdated data and fails to reflect improvements across a range of indicators, including those related to governance that we've seen over the past two—and—a—half years. 0ther democrats use the downgrade as an opportunity in the recent debt limit fight — while republicans blame joe biden and democrats for trillions of dollars in new spending. many economists dismissed the downgrade, including jpmorgan chase ceo jamie dimon, who called it "ridiculous" and said the decision ultimately didn't really matter. and he may not be wrong. us treasuries, that is, government ious remain the bedrock of the global financial system, despite this latest knock to its reputation. earlier, my colleague, carl nasman, spoke to mohamed el—erian, chief economist at the financial services company allianz. in your mind? i'm curious, was this downgrade by fitch warranted? it was not warranted. i agree with secretary yellen, as do the vast majori

wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasury secretary janet

janet yellen leading that effort in many ways. an op-ed in the wallurnal. " one year ago president biden signed the inflation reduction act into law. it pushes us forward into a net zero economy by 2050. over time, the inflation reduction act will drive down the cost of clean energy technologies which will boost their reduction and reduce emissions." lisa: is it a coincidence that president biden is in milwaukee? this is coming a week ahead of the republican campaign for the primaries and the debate that will be held in milwaukee. you have to wonder. jonathan: they have been strategic about where these events take place. lisa: to send a lot of messages. jonathan: they have picked out politicians who have posted against this. lisa: people who were against this and benefited from it and people have felt the money in a positive way. they are try to go around. it feels like what you said. jonathan: i think you are on the money. annmarie hordern, our washington correspondent. it was something like two weeks. you are lucky, tk is not here. good for you for

secretary janet yellen called the downgrade arbitrary and said economic conditions had improved under the biden administration. the news of the downgrade came after the close of trade on wall