>> jay: i have no idea. >> anthony: wow. >> jay: it's the honest truth, nothing is certain. >> anthonya good pub. like the princess victoria in west london. and stuff like this. >> nigella: do you like pork scratchings? >> anthony: i do. whoa, that's insanely good. maybe you wouldn't think that the legendary cookbook author nigella lawson and i could be friends, but we are. we are, admittedly, very different. she is the very definition of kindness, elegance, grace. the woman who taught england to cook. >> nigella: delicious. >> anthony: what do you get here ordinarily? >> nigella: scotch egg. >> anthony: all right. >> nigella: a scotch egg, please, some whitebait, and some chips. >> anthony: whitebait? this is like the greatest thing ever. really? >> nigella: i know. whitebait is so good, isn't it? >> anthony: you can go to a pub and get whitebait? >> nigella: well, i'm sure in -- i'm sure in dickens' time they used to have whitebait there, mainly they used to have oysters too, so -- >> anthony: i can't hear you over the crunching. >> nigella: i can't hear myself over the crunch, actua

>> is clear that jay and his colleagues are just working through this.s on the number of occasions, critical where interest rates are, and i will let them do it they think is best. and they are clearly operating along that line. they will not change the way they approach things because of the criticism. they will do what they think is right. they will do what they think is right for the economy and for the president. haidi: i appreciate your time and views. and the former federal reserve governor joining us out of hong kong. more to come on daybreak asia. this is bloomberg. ♪ quite welcome mat, world leaders are arriving into -- argentina for the g20 summit. issues like climate change in focus. erik schatzker is there and asked the economy minister about the host country's role in finding consensus. it is not to strike the deal between the leaders but broker the different possibilities. erik, what is that stake -- at stake? at stake.t is argentina needs to do everything global tradee tensions, argentina is an export dependent economy and so is the rest o

jay: it was entirely intentional.eric was talking about, they are looking at asset owners, utility companies, telecoms. we were trying to target the companies that build and repair structure. the idea is if there is a big spending bill or investment in infrastructure, that's going to go to the builders, not the owners and operators. sensitive, this is a super dividend etf i want itlook at, and i call a yield seeking missile. it basically goes over the world and finds yields over 8%. but it is obviously sensitive to rates. can this still be a play if you expect rates to rise? what's the case? jay: it's simple, looking at the highest dividend realtors in the world and equally rates them. that equal weights them. the idea is it will generate a lot of yield, but at the same time it looks like a deep value play. as we know lately, value tends to do better in these late cycle environments. while it has an interest-rate exposure, i think that the value component is going to do well. scarlet: you guys on the thematic etf spac

-jay: it's huge. -lemonis: do you guys agree? -jay: no, definitely. jason: we can just go to bob now. we don't have to worry about larry. lemonis: i think the fact that bob acknowledges that larry's been letting bob do his job is a sign that larry's not really managing in crisis mode anymore, and that's a good sign for things to come. show me what you have in the shop. larry: okay. lemonis: larry has 12 days to create a whole new lighting look for sweet pete's. and i'm not gonna lie to you -- it's a lot of pressure for both of us. if larry gets this right, then he's got 10 or 20 more jobs. but if he gets it wrong, i'm back to the drawing board, 'cause i still need to solve this problem. today's the grand opening of sweet pete's, and as i look around, there is still a ton to do. i'm not sure if this is gonna get done in time. another larry deadline problem. -larry. -larry: yeah? lemonis: how many hours you really think it would take to get this done? larry: 6:00. -lemonis: four hours? -larry: yeah. lemonis: you realize that people are coming at 7:00? i

professor jay aptly noted. that problem is best addressed by removing barriers to reporting by the individualing directly affected. and i want to talk a little bit about how that might be done. and it's a report the working group emphasized that leadership must come from the very top of the organization to maintain an exemplary workplace. well that idea actually fits perfectly with the system created by the 1980 act. because the organization is the circuit. and at the very top is the circuit chief judge. and the act contemplates that the chief judge of the circuit will play a central role in assuring adhereens to ethical norms by all judges within the circuit. and in my statement i suggest several steps that can be taken to strengthen the role of the chief judge, steps particularly relevant in identifying and remedying this conduct in the workplace. first rule five should be amended to specify that under specified circumstances a chief judge must conduct an informal inquiry or must identify a complaint. second,

we hear from jay powell after other officials paint a mixed picture. the prime minister backing down from a key battle in parliament. is it a risk for theresa may's deal? and trade optimism. larry kudlow was hopeful for a breakthrough at the g20 but washington will not hold back on terra if there is no progress -- tariffs if there is no progress. manus: a warm welcome to the show. theresa may goes on tour. visiting? the pound is virtually flat as we start the trading day. we have done our survey. we spoke to 17 strategist and fund managers. quite a substantial majority, 45% suggest this deal will get voted through. 134 on a vote through. 125 on a novo -- no vote. interesting. goldman sachs said you need a one million barrel a day cut to bolster the market. $50, you got credit. thrifty 50. good morning. nejra: good morning. definitely still focusing on european politics today. some saying cable could drop as low as 110. 125.are questioning salvinine from italy, and demaio are involved on the ground discussions. italy's debt target must be closer to 2% f

obviously fed chair jay powell will speak in an hour.estors focused on that as we begin with tech stocks, though nasdaq higher, on pace for a third straight positive session. the tech sector is 13% away from its most recent 52-week high you've got microsoft and apple that continue to battle it out for the title of most valuable company in terms of market cap microsoft briefly crossing that threshold earlier in trading today. joining us is paul meeks and paul holland guys, it's great to have you with us on a big day as this race, paul holland, between microsoft and apple now, the divergence over the past couple of months is striking. what do you think is going on here >> well, i think what's fascinating about that is you could have said this 15 or 20 years ago. these two heavyweights are back in the ring battling it out and i think is news in and of itself but you've got two very different businesses going on. microsoft is almost an entirely software-driven business with xbox and some other parts of it. and apple has done a brilliant job

as we get closer and closer to noon, we thank you for your time our special coverage of jay powell's speech with "the halftime" starts right now >>> we do begin with breaking news, carl, what could be the most important speech of jay powell's tenure thus far steve liesman sitting right next to us with the details steve? >> jay powell will say that interest rates are still low by historical standards and rates picking up the language from yesterday are, quote, just below the range of neutral estimates and the rate increases designed to balance risks he talks about that in the past. i still think he means it's a present issue. there's no preset policy path and the fed will pay close attention to data. moving too fast and too slow on the economy. powell says they're at or near stability. and the economy is growing above trend and the fed is forecasting solid growth, low unemployment and 2% inflation he mentions three in particular. one u.s. rate increases. trace disputes is one of them. brexit is another set of challenges broughtly on asset classes, there's no class where valuations are

jay is a credible guy in the financial markets. think the financial markets would feel good about powell being given as much independence as he deserves which is total independence to run the fed the way he and other members of the fed believe it should be run we shouldn't forget that he is not the only one on the open market committee or on the board of the federal reserve system. there are regional governors, regional presidents and members of the board in washington and they make decisions collectively it's not just jay powell it's a number of people. jay is at top but others are working with him by in large it was meant to work that way with a number of people contributing to whatever outcomes there are on the open market committee or other things >> will the united states and china have a trade break through at the g20 meeting tomorrow? >> i hope so i was in china for ten days. the problem is that these tensions have been building over a period of time they're not helpful to china or the u.s. really. there's a lot of issues to

good morning, jay. >> reporter: hey there, good morning, laura, good morning, marcus. we want to give you a firsthand look at what the fires are doing. here you can see burned out areas like this look almost like the surface of the moon or something. it's desolate, covered in thick, gray ash and these wildfires continue to burn out of control right now. the flames growing and on the move again in the california hills. >> the winds have returned. >> reporter: the santa ana winds gusting 30 miles an hour breathing life into the fire. >> it's just total devastation. >> reporter: at least two people have died in the woolsey fire near los angeles, which, along with the hill fire in ventura county, has collared close to 90,000 acres. >> i can tell you that we are still in evacuation mode. the cities of hidden hills, westlake village, agoura, calabasas and malibu are still under evacuation. >> reporter: more than a quarter million ordered out of the zone as firefighters continued to rush in. on the ground, the fight with mother nature hand to hand combat. those strike teams,

connell: little nugget thrown its way by jay powell. off we go. melissa: president trump versus the auto industry now. the president threatening to add tariffs on all cars imported into the u.s. as he goes toe-to-toe with general motors. ford is cutting shifts, but keeping the workers. we'll tell you what the president is saying now. connell: optimistic on trade? president trump gearing up for the g20 summit with world leaders. where the u.s. and china strike some sort of a deal. could this be the end of the tariff back and forth. we'll talk about that. melissa: easing tensions with russia. how the potential meeting between president trump and russia's vladmir putin could impact relations going forward. ♪ e an august to remember, starts with a december to remember at the lexus december to remember sales event. lease the 2019 es 350 for $399 a month for 36 months. experience amazing at your lexus dealer. fo♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ it's proven quality sleep. the new sleep number 360 smart bed, from $999...

that changed after hearing a surprisingly more dovish jay powell.e will see a the end of this bull run for the dollar? you recall what jay powell said after the september fomc meeting, in the market reaction we had was because a week after that september meeting, he said almost the opposite in the sense that we are far away from neutral. his speech overnight index of the central view which is the view of the fomc. this was described in september just below neutral. and that was exactly consistent with our view as well if you look at the fed's preferred measure. john williams sits on the fed board and it is a .6%. you account for a 2% inflation rate and that goes to 2.6%. the fed is currently 2.25%. we will bring in 2.5% of below the 2.6% neutral rate. i think the remarks are very consistent and it doesn't change our dollar view. haidi: what if we get a significant improvement in the trade picture after this weekend? does that change the outlook for the dollar? >> not really. if you look at the other side of the dollar equation, the economies like ge

maria: your reaction to the president's comments about jay possible? [laughter] >> so the president is a victim of his own success in that the economy is taking off so interest rates have to go higher. people have grown too attached for zero interest rates forever and they don't look at japan and destruction that it causes to your economy over time. when you have zero interest rates is because you have no growth or inflation, we need higher interest rates in the country. i think the fed is being extremely smart and normalizing, it's long overdue, the reason spowl there to work on macro, regulatory environment of the big banks. the federal reserve should not be telling jpmorgan and bank of america which loans they can and can't make. maria: right. shouldn't work like that. when they have the overreaching overregulation, slows down the entire economy, powell is there as banker and attorney to help move back regulatory state, so i think the president made right choice. he's unhappy with the reality that rates have to go higher as are a lot of people. mari

stock getting a lift from jay powell.hink all eyes are going to shift, we have got retail numbers after the close but all eyes shift to the g20 meeting. i want to bring in the owner of stock switch, melissa arno and also with us, gary b. smith. we just had jeff saut on, some key numbers he was looking at really held up. he's talking 3,000 by the end of the year for the subpoe&p? >> by 2019, i think he said, right? charles: no, this year. >> i'm very bullish on the market, i believe there's a possibility between now and the next ten days we could have a lot more volatility. people are thinking after this good news today, we might have another steep dropoff. we might. then turn back around. charles: why the steep dropoff? >> because there's so much going on with this summit coming up. even though we had great news today, i'm telling you, it's not all clear skies and sailing yet but it might be within the next ten days, if this summit goes well. tariffs are more important, i always felt like that, as far as the effect on the

jay powell -- >> not you before. >> yeah, you are getting a little taller. >> i am shrinking. >> jayowell is a man of great distinction. you don't trifle him with this he's a person who has rigor. he won't know what to do with the president that frankly shows tremendous disrespect in the institutions this fed has gone 200 basis points in about three years. real rates are zero. one of the slowest hiking cycles that we had in recent time what would have happened if he's president when green span is doing 200 plus >> you saw what happened to vernackie. it was a big mistake we look at the way the fed is raised we should be looking at mortgage rates. it is 5% that makes it so very difficult to just by selling your house and buying new house because you are making it so it is more expensive. this was not a great quarter for retail you have possible slow down in retail gm does not lay off people you have a slow down for housing. what else is left? amazon did well. amazon and walmart, lower prices for consumers and oil and gas have been an issue it is good for the airlines but good for consu

you heard from the fed chair jay powell.y any indication that he would be hoping -- halting this rate hike too soon. we will have to see what tencent does. that will affect how they trade. let's have a look at that we can. tencent, big earnings. we have seen analysts come out and keep their forecast. some of them have cut their price targets for the stock. up, what i wanted to mention is where we go with the dollar. obviously the chinese renminbi. whether or not they will hold the exchange rate below seven, and a lot of ways avoiding any unnecessary dramatics or rhetoric when it comes to the currency there. place, wegs taking had employment numbers out of australia today. yvonne: that was quite volatile. of course, we will talk about the consent earnings. what a blowout when it came to the earnings. people were expecting single digits when it came to growth. we saw double-digit. one-time investment gains really helping out some of the weakness and pressure that we see. david: for a long time we were waiting for the other inv

jay powell continues that discussion. he is talking now about fed independence now with the allusions to some of the criticism that has come from the u.s. president. trump treated -- tweeted multiple times he was not happy with interest rates and things there are better things to do with the money and expressed disappointment with his appointee. jay powell said the mandate [indiscernible] we are just trying to do our job . we are doing just fine, saying it is apart from short-term political considerations and the independence of the federal reserve means they have protections from political involvement. that allows them to serve the public. we will listen in on that, you can track it on tliv . let's get you to first word news with jenna dagenhart. reporter: theresa may is claiming victory in her fight to win a brexit deal, saying she has got cabinet backing for her plan. she emerged from five hours to admit more battles lie ahead. seen as a collective decision which some are saying implies the vote was not unanimous.

it comes to two simple , drivingm jay powell the rally and risk assets. also the debate over his intended policy. global economics and policy advisor kathleen hays attended his speech. he went from ways up, to just below with a span of one month. the markets really relieved for that. kathleen: that is certainly what it looked like. i think it is interesting that his view of the neutral rate is seen as dovish because as he said, there does seem to be a difference over the course of about six or seven weeks. last month, october 3, jay powell was in an interview situation where he said the fed looked like it was probably a long way from the neutral rate. the neutral rate, when you get to that level, you are not stimulating the economy because he think it is weak. you're not pushing rates higher because you think inflation will get out of hand. today come in a carefully worded jay powell did express a slightly different view, just below -- listen for those words. >> interest rates are still low i historical standards and they remain just below the range of es

fed chair jay powell speaks later today.aware of the risks that are posed to continue to cover. ofelieve of less importance that, the fed articulated to everybody what their view of what is going on in the economy is. explain how they are going to filter the data on which they are dependent. >> i am sure they will focus on what they need to do. jay powell and the rest are going to stay the course. to flow and set that means the fed can go to what we call a more data dependence emote next year. best guess is they will hike one or two more times next year. >> the fed will pause but we get a hike. we do not see three or four hikes the fed projected. >> the fed is walking in a dark room and trying to feel its way through. alix: it is always fun when that happens. joining us is sarah hunt, strategist. i will start with you. >> i think jerry -- jay powell has an opportunity to seek in a knowledge we have had slowing data and market volatility and the federal reserve needs to take that into account. he will reiterate what -- said y

jay: two things.irst, on the question around data, the data we used were based on about 100 different metrics and are all publicly available. about education and housing and transportation and the like. this is information that cities readily provide to any potential investor or that you can find in surveys and other bits of research if you are looking to invest. that process helped us make our decision, and it should help other companies as they look to invest, make decisions. one of the things we learned through this process is that there are some great places that may not have been the right place for us to create 50,000 jobs or 25,000 jobs, but there are great cities across the united states and north america that are very appealing places for tech investment. we, even in this process, have announced over 6000 jobs in cities that were competing, that were among the 20 finalists but were not selected for hq2, cities like vancouver in canada, san diego in california, and inmming him in -- birmingham

nbc's jay gray has the latest on the investigation in thousandia oaks, califo >> reporter: nightfall, but still no relief from the attack th's gutted this community. investigators continue to search for evidence inside the borderline bar andgrill, a place that, hours before the attack, was filled with students, like every wednesday. >> we heard the gunshots -- a lot of gunshots. >> reporter: fired, investigators say, by ian david long, a 28-year-old marine t veterat served in afghanistan. armed with a pistol and smoke canisters, aseording to tho inside the club. firingozens of rounds, killing at least 12. more than g 100 inside scrambl to escape. >> mys friend got the bar stools and started slamming it into the wind windows. >> reporter: sergeant ron helus rush in. >> he's not going to wait. he's not going to hesitate. and he -- you can't describe it as anything other than totally heroic. >> reporter: helus leaveswi behd and son. jay skson coffman lost his son, cody, in the attack. >> oh, heavenly father, just please -- >> reporter: also confirmed among the dead, alaina housley, justi

. >> our jay gray is live in new york city, right in the middle of all the action. jay, happy thanksgiving t you. >> reporter: right back to you. happy thanksgiving, guys. what a thanksg wing itl be here. we were a little worried about the balloons getting up in the air. right now as it stands, the wind is good. take a look at one of the giant character balloons that'll be a part of this. that's chase from "paw patrol." 16 giant character balloons, 43 of the smaller legacy balloons, if you and then of course 26 floats, 12 marches bands, 8,000 people it takes to carry out this parade, which has become such a thanksgiving i can tell you, they're already in this bitter cold, people lining the parade route. a lot ofbe people want t part of this. new york police say they expect mo than 3.5 million to take this in live. aaron and eun, should be quite a show. i hope you'll be watching a bit later. >> we will in sed. did you there are people outside already? >> reporter: yes.ot and they're out here working. you know, they've got a spot. i can tell you that. >> for sure. >>

midterm election campaign jay wick sounds is known locally as one of the u.k.'s most deprived areas but images of its beloved but dated streets appeared on a republican party poster polly boyko travel there and she explains why. what links this essex seaside town to the upcoming u.s. mid-term elections and insensitive political advice that's what locals here in jail exxon's in essex have been left fuming after a pro trump republican candidate for the senate for the state of illinois used a photograph of j. wick sands on his social media feed as an anti advertisement so the caption next to the photograph read only you can stop this from becoming a reality but the problem is the picture wasn't quite reality the image of jay wick sounds that he used was taken several years ago and since then the local authorities have made quite a few improvements to the local area so the locals here all rather cross country to try to park in america and then you come to a cover of walking and you see the different plane. when it is in america we don't remember for there right now

that town should become something like what they see in the picture but plenty of people do live in jay which sounds and moreover that photo that he used isn't the reality anymore the republican candidate nick kelly used an outdated photograph it was actually taken several years ago and since then there's been quite a few improvements hair quite a bit of investment as well the town has undergone improvements it looks pretty different now i think you can see behind me the roads look much better there's been a better drainage system installed and the locals are determined to prove that the republican candidate over in the us has been spreading fake news about their beloved home town now the offending post has been taken down now and the republican candidates spoke and has issued an apology take a listen our intent was never to smear to town and to photo not unknown to us as g week stands in essex we never used a name for us it was an example of a town overburdened by poor governance which is exactly what we in our district are seeking to provide at every level. well apology or not local c

we heard from jay powell, of course, this morning. data has been really good in the u.s.. prerequisite, if you will, for gradual rate hikes, which he does acknowledge as interpreted headwinds for the year, but the positive data outweighs so far the negative. >> let's get to kathleen hays, whose here with the key take away from powell's conversation with the dallas fed president in texas. optics, powell does not seem very upbeat about growth overall. >> absolutely. a really interesting conversation. powell's style of communicating with the public is to try to use words and concepts that everyone understands. i think kaplan did a great job asking the questions we all want to hear the answers to. powell seemed to beginning giving the fed credit, the time he spent they're going from flat, low interest rates, and he does see challenges, but the economy is strong, inflation right on target, and to me, it was significant when rob kaplan asked what are the challenges for fed policy, and he raised the idea of we have to look at what we're doing for rates and how fast we are going t

first, we have jay ludlam, who is the assistant secretary for medicare eat! medicaid transformation. we also have ellen montz who is the chief health economist ended direction of health in virginia. as you will see, they have some similarities and some differences in terms of how they are approaching medicaid transformation. what i think that i would like to do is frame this discussion a little bit, and perhaps even offer up a thesis to see if these two experts can't confirm or deny essentially what i am proposing. my perspective again, trying to think through what are the similarities and what are the common themes and threads of the 56 states and territories, it is a little bit like herding cats as they are very different in many perspectives. new york, texas, california, and alaska are all very different. as i think about it, to me, there is a couple of really important commonalities and very important thread that do bind us all together. one of them is that truly the core objective of medicaid in the medicaid agency is very much the same in every state. i

that's because jay powell said they're just below the neutral rate. when you look at the fed fund rate, which is between 2 and 2.25%, this is the equilibriueq. the fed chair made a comment saying he sees no dangerous excesses in the stock market. speaking of the market, let's take a look at the big movers on the dow. home builder stocks higher. caterpillar, boeing. the biggest movers as well as you nighted health. a lot of investors moving their money back into risk. netflix, amazon, apple climbing higher for the day as they embrace risk. the fact that the possibility of interest rates may not be climbing, that played a role with the ten-year yield. you saw that fall for the day. ten-year yield is sensitive to fed policy. so you can see the last little year or so, how it's climbed. but today it closed in negative territory as investors are thinking that this could maybe be the end of the cycle when it comes to fed interest rate hikes or a slow down going into 2019. last but not least, we should look at the price of oil for the day. closing lower at $5

i'm not even a a little bit happy with selection of jay powell not even a little bit. of course jay powell is the federal reserve chairman who president trump put in the job he is somebody who signalled they intend to raise interest rates again. and more in 2019 the president says that that is creating economic consequences that hurt him. he is lashing out. >> john, thank you john harwood in washington, d.c. and of course this is renewing talk about the federal reserve ac and what powers the president may or may not have to actually remove a fed chairman. the language apparently in section 10 is they're after each member shall hold office for 14 years unless sooner removed by the president for cause. >> that's wlaus cause. >> we don't know that. but the president is saying he doesn't like the guy. >> he doesn't like the policy because it doesn't suit the economy. and if the fed is moving it means the economy is strong. it's common sense. if anything guy talked about this, doesn't this paint the fed into a corner. >> yes. >> doesn't it paint them into having to defend t

jay wiseman. great to be with you. and what scams have you fallen prey to tell us on twitter i am at home and cook what will be under the tree this year tech gifts and we're going to count down the top five and suggest some cool stocking stuffers with radios top dog or next this is the big picture on our to america. future historians may look back at donald trump's handling of the murder of jamal to show as a case study of the lack of leadership and outright slowly his reasons for giving the saudis or rather the crown prince a free pass simply don't make sense why because it's all about. the british government and the british establishment. and mrs bush and mrs mrs may have looks themselves up into his studio about so-called new deal just so he is incredibly was leading as i just said in so doing they've allowed the european union to impose completely drunk union is on the u.k. which we lost anyway. statistic from a couple excel came out that showed the wealth and income gap around the world in di

friends have described jay as loving and thoughtful. local church showed me the candles jay's family had lit in his memory at yesterday's service. the family in profound shock. they are absolutely shattered. they are absolutely shattered. it is a shock for them, for the entire family, and they are equally looking for answers, just as the rest of the community is. as well as jay, 38—year—old rocky djelal was stabbed to death in southwark, and 22—year—old malcolm mide—madariola on november two was fatally stabbed in clapham. another young man was also fatally stabbed in bromley. of the 118 murders so far in london this year, the police say a significant number were stabbings, and today there have been renewed calls for the police to have more funding. it is really important we have all public agencies, councils, the nhs, social services, education, the police, working with central government to solve this problem, but ultimately it means the government has to invest in policing and preventative services as well. in a statement today the m

jay: these will be co-equal headquarters. we will have shareholders meetings in these headquarters, board of directors meetings. we will have employee meetings in new york and the tc area just like we happen in seattle. he will move around, the rest of leadership will move around. as these headquarters grow we will have senior leaders be in each of these locations. i'm on the leadership team, i live in washington, d.c. right now and i come back and forth to seattle. we are a seattle-based company right now but long ago we became more than just seattle, we have employees in 46 states. , we've 18 tech centers invested over a hundred $60 billion in the u.s. alone in the last seven years. we hire a lot of folks and we and these jobs will be high-paying and bring a lot of positive developments to new york and d.c.. >> how you feel about the backlash that amazon took advantage of cities and got useful data or that the of yource this company size doesn't deserve such big tax incentives. were basedta we used on about 100 different me

we hear from governor jay powell later. the prime minister is said to back down from a key battle with parliament. will it increase the chances of a no deal brexit? asia rally as traders hope for a breakthrough on u.s.-china talks, but larry kudlow warns of more tariffs if no progress is made. matt: less than half an hour from the start of european trading. looks like we could see gains in stocks on the continent and in the u.k. we have futures trading higher. we also have 10 year treasuries climbing just a little bit. if you look at my three-day chart, we have come up from a dip yesterday around 8:00 p.m. european time, 2:00 p.m. u.s. 3.06%,coming back up to which means investors were willing to let go of that paper, let go of the perceived safe haven and by riskier assets. anna: we see risky assets doing well in the asia section. asian equities and the broader equities already trading. appetite for risk assets. is it the comments around g20 or hoax around she 20 -- g20 lifting things or the fed and president trump? presid

in ank jay powell administration that is not populated with top-tier people, jay powell is an impressive person. we met with him in washington. he is his own person. he is insightful, well spoken. he is trying to chart a course that is complex given the range of other factors he has to consider. alix: if you are a portfolio manager, is this a signal to take on more risk, especially when you pair it withhe is tryie that is the financial stability assessment? is this what we learned? >> we learned the fed is flexible. -hawk,s not a perma eight permanently hawkish state of tightening. this is someone who will take account of the data as it changes. we did learn yesterday the fed is acknowledging the fact that there was some weakness in the global economic out look over the fall. september, we had a massive meltdown in asset prices. the decline in oil prices removed some inflation presser. -- pressure. you will not import any inflation likely. you have a lot of trade risks. the fed is cautiously approaching the out look, that withing the fact one more hike, they would be close to that range

we see a modest reaction to the remarks from jay powell. it was a little funny if you follow these things closely. is speaking today. what we are talking about is his language. he says we may go past neutral but we are a long way from neutral at this point. the reason it was such a jolt to the market is that back in -- he said today we are just below neutral range. it was almost like he had done something that he wasn't going to do in october. we have much bigger news in some about the bank of england. they came out with their forecast about what would happen with brexit. scenario is an 8% drop in gdp in one year. >> interesting to see the bank of england and the fed releasing financial stability reviews. the first they had done in the bank of england's case. is aorst case scenario savage recession. there is a mid case scenario that is a deal but not a close union with the eu we will wait for markets to respond to that tomorrow. president trump is said to look for ways to cut subsidies to gm. plans toollowing their close factories and lay o

in a few minutes, jay gray will give us an update on h weather will play a crucial factor the next 24 hours. >>> tensionseemed to ea somewhat as president trump met with fnch president emmanuel macron today. mr. trump is in france ahead of memoration to mark the centennial of world wi. mr. trump tweeted overthat macron's -- overnight that macron's deals were insulting and macron said he misunderstood e statement. he said he and mr. trump had a great lunchon in paristh along heir wives. most u.s. presidents have visited a cemetery for americand kin world war i while visiting france. president trump has chosen not to go today. the white house canceled the trip citing bad weather. instead, the white hofse sent chietaff john mccain wi-- chieff john kelly. he says he sentf two the best marines in the united states with th. a formespeechwriter for president bush asylumed the decision calling it incredible. in the tweet that you see. we learned that president trump and fir lady melania trump are not staying in a eahotel. instd they'll be staying at the u.s. ambassador's residence in paris. >

thank you thank you steven and jay trimmer.

also to former united states attorney general john ashcroft and his son, secretary of state ash -- jay ashcroft for being here. thank you both. [cheers and applause] thank you, fellas. we're especially proud to be a star. this is somebody that's going to win, he's going to go on to great, great things in our country, and he's been a winner from day one. we're very proud of him. he's doing well. he's up in the polls, but do yourself -- just pretend he's one point down, please, okay?

coming up next week, we hear from jay powell and get minutes from the latest fomc meeting.nd of data on the u.s. economy, including gdp, and the highly anticipated g20 meeting that features trade talks president donald trump and between china's xi jinping. final thoughts from ira jersey, noelle corun from invesco and jose rasco. let's look ahead to next eek. ira, what are you looking from the talks? ira: we would like some closure. markets hate uncertainty. having closure, knowing what any kind of trade deal may be would be great. are we going to get it? no. the likelihood of getting something definitive at of the g20 meeting is low in my opinion. jonathan: the markets have settled on the idea of no fundamental change. but the cease-fire might be enough to get a rally. is that what you are looking for next week? noelle: i don't think we get a ease-fire. i agree that we would love some closure, but i don't think we will get that. these things take time. history tells us they take time, especially the strategy related to trade goals that the administration has. there will con

we look at jay powell and governor carney talking about brexit.ound $60 a barrel. tom: the powell speech was big. and othershere assembled from bloomberg. it is going to be an important speech. what i noticed overnight was the shift for prime minister may. illance"l deserve "surve translation. francine: let's get straight to the bloomberg first word news. president trump has renewed his attack on federal reserve chairman jerome powell. he told the washington post that he is not even a little bit happy with his choice to head the central bank. hikes forrecent recent stock market declines. to the postested that you may cancel his planned meeting with russia's president over that confrontation with ukraine. the president said he is waiting for a full report from his national security team on what happened. the two leaders planned to meet argentina.summit in the european union has unveiled its long-term vision for fighting climate change. it out its plan for a carbon neutral society. this comes after president trump rejected his own governments warnin

>> jay creates a program called mvp, merging vets and players to provide veterans and former athletes with a new squad. >> started with nfl players, now spanning all sports, and ex-combat vets, you need to realize the uniform doesn't define you. >> reporter: our new york giants defensive end michael strahan is a board member and a volunteer here. >> just guys that have a loss. they don't have that group to go to because your life was always so structured and regimented, and all of a sudden you're released into the world without the structure and the guys to back it up and talk to and communicate with. that's the challenge for most athletes and definitely for most soldiers. >> reporter: jay realized both veterans and former athletes were struggling to reacclimate to civilian life. >> a lot of these guys when they're done, they have the same statement that our vets do, i'm alone. you're not alone. >> reporter: once a week elite men and women descend upon this gym for an intense workout. >> someone needs some help, someone needs to share something? >> reporter: followed by a peer therapy

review board report but in the john jay study , the john jay college of criminal justice, not, catholic institution but a research institution surveyed all the diocese in the country to find out what the nature and scope ofthe problem of abuse was . and your question is should that be, should there be a new study in that regard? i don't think there needs to be a new study, there is a process in place by which the research group from georgetown university collect that data every year and puts it in an annual report. it's important to note a lot of people don't know that and often there's press releases and so forth, those numbers have been added to every year since 2004 when the john jay report came out. that's a different issue than being transparent and disclosing the names of offenders and that is something that this board, that my office that we recommended back in 2002, that if you're going to be transparent, you need to let people know who those offenders are . you're in the archdiocese of chicago, names were released. in other places, names have been released but it's not universa

jay powell says the u.s. economy is strong but could face headwinds next year as policymakers way how far and fast to raise interest rates. listed slowing growth abroad of the effect on the economy a rate rises since 2015. he also warned on the u.s. trade dispute with china. >> with the arising course of concern, it has not shown up yet in the data. of course it will be hard to see it in the data because you don't know what the data would have been without the trade issues. but in theory you could see a little slower growth, to the extent that more and more products are subject to tariffs. you could see higher inflation and lower growth. hille changes on capitol after the midterm elections could pose problems for president trump's new north american trade deal. the leading house democrats at the so-called u.s. fda agreement needs changes and must be renegotiated if the administration wants the parties support. china said to of late out a series of potential concessions to the u.s. for the first time since the

stop this from becoming a reality but the problem is the picture wasn't quite reality the image of jay wick sounds that he used was taken several years ago and since then the local authorities have made quite a few improvements to the local area so the locals here all rather cross country to try to park in america are and then you come to a cover of a walking joy and you see the different plane. when it is in america we don't remember for there right now again i was iraq and everything america we hear is just let's say we can referee it winds come in use an old fire of africa somewhere and say look your town is going to look like this is the bad news. and much noise should be used are going to put a good picture on it we got a bit of hostility with the camera down there is it kind of is it is do you guys feel a bit kind of burned by the negative press attention that you guys have had yes because of the t.v. show that happened way before yeah now when you want to come study would say they come with sticks in people's faces yes just you know. with you know people don't like it they don't

jay powell hasn't spoken yet. he will speak later today in america.e will stay on message, the fed is happening -- happy. they will go ahead in december and possibly even hike rates again early next year. we are not expecting mr. powell to deviate too much despite the criticism he is getting from donald trump, who doesn't seem to be too happy with his choice at the moment. get -- expect powell to stay on the same message. ramy: thank you very much. to follow more on this story and all the day's trading on our market live blog, on the bloomberg and mliv . you can get a market run down in one click and with tom at -- commentary and analysis. moment ine a pivotal the trade were between the u.s. and china would president trump on xi meet over dinner saturday morning. our china correspondent joins us now from where he has been watching everything in beijing. what is the latest we have been hearing from the trump administration side about the likelihood of any deal? >> we had this briefing from larry kudlow from the white house economic council. he said

your reaction to jay powell yesterday?er central banker i would say there was nothing extraordinary he said. he was acknowledging that by now after several rate hikes over two or three years, the fed is close to neutral. and i think the real issue for markets is they have been quite jittery this year because of the major expectation of what supported equity markets in the past are starting to be questioned. the first is will earning growth continue to be as strong as it has? there's some doubt about that. the second one is really monetary policy that was a major support i of equity markets is starting to be at neutral. it's less supportive. the final point is the economy data, the economic data we're seeing is more mixed. there's a mix of head winds that the markets are experiencing that we haven't seen in that combination for the of last couple of years. maria: there are other things that the fed is dealing with. you were the chairman of the bundas bank, the president of the bundas bank. you didn't have the issue of windi

jay hughes killed in bellingham in south-east london at 4pm. outside a london underground station.ry, i live near a children's tell you another story, i live near a child ren‘s playground, tell you another story, i live near a children's playground, what happens there? very recently, a big knife was buried in the ground, children found it and were playing with it. why was it buried there? gangs are doing it, they are burying their knives in parks and open places so they are easily accessible forfights. it places so they are easily accessible for fights. it comes down what a senior police officer was saying last week —— it comes down to what a senior police officer was saying last week, police have to reorientate to focus on violent crime and burglary rather than the things they've been doing. london has a serious crime, but notjust london, large parts of the uk and thatis london, large parts of the uk and that is because there's a huge glut of cocaine which has flooding into the uk. that is forcing gangs fights. a major problem for london and something needs to be done. absolutely.

equities surged the most since march after a dovish jay powell said the u.s.nterest rates are just below the fed's neutral rate range. while some traders are concerned powell could be -- the powell put could be exhausting, like stone's president told us the economy is ticking along nicely. signs of what causes a recession, these excesses which are banks getting levered up, halfing leverage, commercial construction out of hand, those telltale signs aren't there so i would bet no recession in 2019. from joining us now singapore is mark cranfield, bloomberg mliv strategist. is it fair to call this a howl put? it seems a bit cheeky. mark: it probably is overstating it a little. he has made a very small tweak to the message. it is important, nonetheless, but he certainly hasn't guaranteed any thaw in equity markets by what he said. the fact that the most powerful central banker in the world is suggesting that he's not too far away from his rate target is a big deal. we will probably hear more in the minutes when they come out from the fed later today. about how of

stocks still surging after fed chair jay powell's remarks this afternoon.at the movers of the day and bob pisani on the floor as always and booertha coombs, p at the nasdaq, what stands out >> the whole market lifted on the powell speech but particularly industrials, technology and some of the peelers. caterpillar, of course, always a belle weather and 4.5% on the upside and many of the other big global industrials up 3%, 4% healthcare also doing quite well today. united health up 3% and most of the healthcare stocks rising 2% on that. we also saw a particular rally in the material names. remember the problems that they have been having, the strong dollar, slower global growth overall here we saw a big real in the materials. freeport-mcmoran, a good example up about 6%. i mentioned not participating. most of the consumer staple names that are rallied as we sold off on the cyclical names a few weeks ago. they are not doing anything. that's procter & gamble essentially flat right now, so where are we what's the market risk remember the two biggest ones, of co

. >> jay. >> that is correct. it was john jay, our very first chief justice. he resigned when he was elected governor of new york. six years later, president adams nominated him a second time, but he declined the appointment, and adams went on to select john marshall to be the chief justice. >> team jefferson. a majority of attorney -- current justices are catholic, but in history there have only been 13 catholic justices. this infamous chief justice was the first. that's the second time infamous has been used. >> we will go with taney. >> that's right. taney, best known for writing dred scott. >> next question. which chief justice appointed by nixon founded the supreme court 1974 andl society in served as the honorary chairman until his death? hmm,o quote homer simpson, burger. [laughter] >> that is correct. it was chief justice warren burger. >> no bonus points for quoting homer simpson, though. [laughter] >> after learning that the senate had rejected his nomination to chief justice, which sitting justice threw his ? -- into the charleston bay threw himself