they sent 12 divisions down south and jay has just studied a lot this and and they they bloody south ietnamese but the south vietnamese don't break so tus army has up to this and then kissinger shows up saying you're going to have to keep these 12 to 13 north vietnamese divisions in your country indefinitely with ho chi minh trail supplying them to says no, i won't sign kissinger furious. he goes back to washington, nixon and haig. basically, though, everybody is talking carefully. if you read the transcripts, they basically take two side nixon. his memoir says he saw the problem immediately. what if the north vietnamese don't don't follow the peace terms? who's going to protect south vietnam? so nixon starts talking about a american commitment to use b-52 against the north vietnamese if they if they violate the treaty. and he sends kissinger back paris in november and early december to renegotiate with later talk. it's after the american late october refuses to the day after this conversation. i think nixon is going to order the bombing of hanoi in haiphong in order to get the north

back. ♪ >> reporter: for jay, there's no greater joy than to see his space full of musicians and music lovers enjoying beats and bites. but the economic recovery after covid hasfrom easy. deeply affecting art and entertainment venues in san francisco. jay applied for an entertainment grant provided by the city. and was pleasantly surprised when he learned that they would help sponsor his creative idea to help boost traffic again in the city. >> we're making a san francisco jazz passport. if you visit all four jazz clubs in san francisco, don club, keys jazz bistro and black cat, you get a stamp in the passport and then you get a free return visit with a round of drinks to do that whole lap one more time. >> reporter: jay believes the incentive will not only remind locals and tourists of the thriving arts scene in the bay but also help encourage businesses to support one another. but nearby in the soma neighborhood, at executive order bar and lounge, owner john eric sanchez says while he's thankful to have received a grant, he's only cautiously optimistic given the devastating effect covid has had on his business. >> i think that any help from the city is much

jay blades, the host of one of the bbc�*s most popular shows, the repair shop, has been charged withed at kidderminster magistrates' court. here's david sillito. welcome to the repair shop. jay blades made his name on the repair shop.

bbc presenterjay blades has been presenter jay blades has been charged with engaging in controlling orcoercive behaviour towards his estranged wife. court documents reveal his charges include physical and emotional abuse. the 54 year old appeared in court this morning and he will appear in court again on the 11th of october. russia's claims against six british diplomats of espionage and sabotage are completely baseless, according to the foreign office. the fsb security service claims the diplomats actions prompted the response amid what it called numerous unfriendly steps by the uk. it comes as the prime minister, sir keir starmer, meets president joe biden in washington to discuss ukraine's request to use western weapons on russian soil. concerns over escalation have delayed approval for ukraine's use of ballistic missiles. what would have been the uk's first coal mine in 30 years is now in legal limbo, as planning permission has been quashed by the high court. climate campaigners argued the decision to grant planning permission for the whitehaven coal mine in cumbria smacked of hypoc

jay has said that repeatedly. i actually take him at his word. but i still think it would be rough if you do it two days before the election. >> the fed -- i think it's fair to say, has never really been in what you might call the insurance business. they're data dependent, they react when the data suggests that they should react. was today a bit of an insurance policy by doing that? >> yes. >> because he noted multiple times the economy is basically fine, the economy is solid. he went on and on about that, and multiple times. >> he used the words risk management more than once. and that strongly suggests an insurance policy type of mentality, at least partially. because he knows that the employment rate, the jobs that are reported the first friday of the month, he admitted they're artificial. he said that today, there's something artificial about them because they keep revising them lower. there's the monstrous 818,000 -- 800,000 jobs on the revision, and it seems to be happening consistently. he said we'll make a mental correction now on the fi

has weakened to a tropical storm but made landfall as a category 2 hurricane. nearly 400,000 power outages are being reported this morning in francine's path. nbc's jay gray has more from louisiana. >> reporter: we're beginning to feel some of the stronger effects of francine, the storm that made landfall as a category 2 hurricane and pushing inland, bringing gusts over 100 miles per hour and a driving rain. some areas have already seen seven inches of rain, and that's going to increase as this storm moves through. of course, very low-lying area, new orleans, most of the city below sea level, and so that water really has nowhere to go. it will continue to build, and flash flooding, again, is going to be a very serious problem here. evacuation orders remain in effect, obviously, along the coastline. shelters are open not only here in orleans parish but across several parishes here in the state. we know electrical and power crews are waiting as well as recovery teams just outside the strike zone. and as soon as this storm clears, they will move in. the storm had picked up some momentum, s momentum shifted to a category 2 just before landfall. it seemed

jay powell has been extremely good on this and extremely adamant about it. that said, they will be blamed no matter what they a do. if they don't cut and we have a bigger softening in the labor market, they'll be blamed. if they do cut and we still have a bigger softening in the labor market, they'll be blamed. if they do cut and we don't, we get some reacceleration, they'll be blamed. that said, i know it's the really hard for people to believe this, but when you -- if you look at the people who are hawkish and who are dovish and you know their political backgrounds, some of them worked for former administrations. it's not clear at all from that how their politics would influence them in terms of -- in fact, some of them are complete opposite of what you would think. so i think that's really important because the debate they're having is a healthy debate, but it's not on how it's going to look politically. liz: all right. diane, wonderful to see you on this little bit of a freaky friday -- [laughter] especially with the markets. tow down 329 points, the nas

bbc presenterjay blades has been presenter jay blades has been charged with engaging in controlling orourt documents have revealed his charges include physical and emotional abuse . the 54 year old emotional abuse. the 54 year old appeared in court this morning and he'll appear in court again on the 11th of october. russia's claims against six british diplomats of espionage and sabotage are completely baseless, according to the foreign office. the fsb security service claims the diplomats actions prompted the response amid what it called numerous unfriendly steps by the uk. it comes as the prime minister, sir keir starmer , meets the us keir starmer, meets the us president, joe biden in washington to discuss ukraine's request to use western weapons on russian soil. concerns over escalation have delayed approval for ukraine's use of the ballistic missiles. what would have been the uk's first coal mine in 30 years is now in legal limbo, as planning permission has been quashed by the high court. climate campaigners argue the decision to grant planning permission for the whitehaven coal mi

nbc's jay valle has the story. >> reporter: tucked away in this oakland, california neighborhood is aroup of minority women and non-binary youth striving to make their mark in the gaming industry. >> you know what, i'm going to do this thing i really want to do, and it's video games. it's just simply that. >> reporter: marissa diaz is the artist of camino. it follows a cuban villager on a quest to reunite with their family, all while fighting settlers colonizing the island. what gives them guidance and power? ancestral deities. >> my father practices the faith and my grandfather did. >> reporter: diaz developed the game with a team of mostly women and gender-non-conforming minorities who grew up in the bay area. >> my family comes from havana. i'm the only afro-cuban here. it comes from teaching the team. >> reporter: only 27% of game developers are women and non-binary people. they say they wouldn't even know how to create a game if it wasn't for their local tech training program called game heads whose mission is to rectify these numbers. >> now it's at half. it almost makes me want

nbc's jay gray has a look at all the hype from arrowhead stadium.ime here in kansas city. the start of the nfl season now just hours away. and it should be a great one here since before the sun came up there have been people waiting, sleeping in their cars overnight outside just to get in and be a part of the big festivities here. chiefs kingdom of course. here at arrowhead stadium. they will unfurl tonight before the game. their new super bowl banner. two in a row and this team going for three. that's something that's never been done in the history of the nfl. you've got patrick mahomes quarterbacking the chiefs. he should be on fire. he threw a pass behind his back in the preseason. really not a lot. he can't do with the football. and then on the other side lamar jackson. he beats teams with both his arm and his leg. so these are two evenly matched teams. they played in the afc championship last season and they're meeting for the first game of the season here tonight. and of course the thing that a lot of people are watching closely is will travis

european union or not, even if he's the vice president, but here it is also important to note that jay vance has recently been articulating such radical proposals, ideas from which donald trump sometimes distances himself, for example, during the last debate, donald trump was asked whether he would introduce a national ban in general. the national abortion ban proposed by jaydee vance, and trump said, "i've never talked about that with jaydee vance, i don't know what he's talking about." i mean, jaydy vance, he has his audience, he speaks to such a conservative core the wings of the republican party, which is called the maga, the maga wing, that is, the wing of those who support the slogan of donald trump, make america greater, it's quite a ... kind of environment, it's quite such a right, ultra-right environment, and donald trump understands that the environment needs to be talked about, and perhaps jd vance is the person who appeals to this environment at the beginning of the election and before the election itself, but everything that jay vance says does not mean that these are the ideas that

however, you can also argue that the fed has done a bit of the work and that jay powell has a threat. add on to that, yesterday's inflation data, a pickup and services inflation and that is what the boe is worried about. you had that caution by andrew bailey at jackson hole, don't forget, and this is my most economists still reckon that the boe rates are on hold today. with even less balanced votes split the last time. we have a new npc member today. it will be interesting to see. it will ramp up a bit. some economists expect that. but even then, a majority of economists recommend that the pace is going to say -- stay at 100 billion pounds a year but they are watching that closely from downing street. of course it has an impact. on how much wiggle room the new chancellor, rachel reeves out by october the 30th. tom: u.k. correspondent lizzy burden with preview. thank you very much. managing partner ahead of a mirror at chatham finance analysis. thank you for joining us. when we look at the growth picture, it stagnating, may be additional tax increases, is the bank of england setting i

and the ex— arsenal footballer jay emmanuel—thomas has been charged with moving an attempt to move £600,000nd here is ten seconds of ten fashion. this dress is made of tents left behind at glastonbury festival and alistair designer said it was a dream come true to see her creation at london fashion week. and that is you all caught up now. see you. hello and welcome along to sportsday. i'm sarah mulkerns. coming up on the programme. barcelona's perfect start to the season under hansi flick is over as they are beaten by monaco in the champions league. it's an unbeaten 154 for travis head, as australia thrash england in the first one—dayer at trent bridge, and anthonyjoshua faces off against daniel dubois ahead of their ibf world title fight at wembley on saturday.

vice-presidential candidate jay has already spoken about trump's plan to end the conflict in ukraine,vladimir putin's proposals. peace along the current demarcation line. ukraine retains sovereignty. russia receives guarantees of neutrality from ukraine, ukraine does not join nato, germany and other countries should finance the restoration of ukraine. trump would not like to spend money even on nato, let alone on ukraine. his potential assistant elon musk is already thinking about how to optimize the staff of the future government and its expenses. in his opinion, america is too quickly striving to become bankrupt. the budget of the ministry of defense is a trillion dollars, and interest payments on the national debt have just exceeded the budget of the ministry of defense, this will not end well, our children and grandchildren will have to pay for it. elon musk is not a poor man, but he has 12 children from different women, and here he also promised taylor swift one. the pop icon supported kamalukharis on social media, signing up as a childless cat lady. this is a reference to the wo

could expand growth, but europe has become less competitive and risks falling behind other parts of the world. >>> coming up, jayone and the one word every investor needs to know today. >>> a real life impact of the rate cut. what it means for small businesses like our next guest. we'll be right back after this break. citi's seamlessly connected banking, markets and services businesses, deliver global financial solutions. so our client can keep investing in innovations for patients around the world. without pause. for the love of moving our clients forward. for the love of progress. (woman 1) all right, here we go. for the love of moving our cluggggh.orward. (man 1) oh no, no, no, no, no, no! (man 2) what's my next step? oh! ugh. (girl) dad. (vo) you break it. we take it. (woman 2) we can take it. (vo) trade in any phone, in any condition at verizon for the new google pixel 9 with gemini. (man 2) give me a recipe with these ingredients. (girl) let's do that one. (vo) only on verizon. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from he

jay gray has the latest. >> reporter: frank, it was a rough ride in tallahassee and across florida.ee older oak trees and canopy across the street with the moss last behind. we know the older trees did not make it overnight structures an pulling on power lines. we will have a better idea of the damage here sunonce the sun comes up. let's talk about helene for a minute. it was the strongest hurricane to ever make landfall in florida's big bend region. that is saying something. that is a pathway for a lot of the hurricanes that move into florida. it was the third to move through that area in the last 13 months here. we know it was one of the largest in the gulf in the last century. this thing had a wind field or footprint of almost 500 miles and it certainly had some staying power. it was still a category 1 as it moved into georgia, well inland. right now, it is a tropical storm just downgraded by the national hurricane center. still with sustained winds of 70 miles an hour and still cause problems. let's go over what we know about the damage here and we know there are more than 1 mil

there is a natural economic cycle, and jay powell has been easing, for whatever reason, he felt compelled to ease financial conditions last fall, after the fomc meetings in november and december. the statements were very anodyne , and he walked out at a press conference and gave very dovish guidance of rate hike, rate cuts are coming and a massive ease of financial conditions. by doing that, what happened? he pushed up the stock market, which benefits the top 20%, and then we are back to the bottom 50% who don't own assets, they have debts, so rates have had to stay higher for longer. i actually think that he has hurt biden's chances by reigniting inflation, pushing economic growth, re-accelerating economic growth, when it could have been slowing. and i think they could have been cutting rates, but they are not. and i would also predict that it won't be a slow down inflation that causes rates to get cut. i think it will be an economic wobble. >> you mean that there is going to be some kind of, maybe a quarter of negative growth or something like that? >> or some kind of slow down -- i thi

but at the same time voters remember that inflation was raging and it certainly has gone down and on a good track. i think jayst. it helps harris definitely. people remember how much they're spending on groceries and how much they continue to spend on groceries. they are not getting that money back. >> and those prices have not gone down. unless you're paying close attention, when they talk about inflation, that's the growth of the prices have slowed but the prices have not come down. new swing' swing state polling has shown from quinnipiac. how crucial are the battlegrounds? >> they are so crucial. whoever wins pennsylvania will win this thing. trump has to win north carolina. he's probably going to win florida and as we move to the so-called blue wall that crumbled for hillary clinton but held up for biden, it is so important. but the races so close. i think trump would be a wise to revisit his decision not to have a rematch with harris. at the same time i think harris is playing it too cautious. democrats have said this as well. if she needs to be out there. you can't be cautious and become president. you'

jay powell has been explicit about that.hey know the lags between monetary poll ski acting and the economy. the sooner you act, the better you will be in a year's time. >> are they already late though? >> that's a key question. they've been said to be late on the inflation cycle and now the employment cycle. i think, first of all, really in history has the fed been so early in terms of pivots, last december, and first decision, a decision of the large size. are they late? maybe. but they are likely to catch up very fast on that delay they have on the economy itself. now, let's also look at the data, the data we had yesterday in production, retail sales. all of that was not pointing to a further cooling of the economy. more like surprises. we stayed resilient, but resilience is gone now. the fed expects 2.1% at the moment in terms of next year, a bit more inflation of 3% for next year. that's the base case. we will see a revision to this forecast, and these revisions will tell you more about that scenario. what matters at the

hat on jay powell has been operating most in silo the least last year probably application it that waythe same time, issue there might be a little bit of a political component here, to have an a-rate cut 25 or 50 basis points, ahead of election. >> i don't think there is a political motive by fed i really don't, you can being be sure quietly, hearing from everyone about what they aunt to be doing self-interested lobbying efforts, to get rate cuts or hold steady fed tried to lay work for rate cut next week something preplanned part of a fed policy not a reaction to circumstances or politics in any way bent over backwards to do that i think wise, no question about it. so that reason, i think rarely do you -- analysts, i agree with both, pete, and mark, anybody bigger cut than 25 looks like panic, they are going to stick to the plan is it correct, sir, try to -- to look like they don't know what is going on out in election, hope that inflation data comes in continually softer. cheryl: we see nothing don't know what is happening outside our reserve bubble a good point mark tepper. kalyna:

trump has such a large lead when it comes to the economy. and no amount of year interest rate finagling by jayell is going to change this. mr. trump's record solidly entrenched in voter minds. powell, meanwhile, keeps telling people how great the biden-harris economy is. but if so, then why has he made this 50 basis point super rate cut, something that's only happened in emergencies like 9/11 or covid or the financial meltdown? i don't get it. perhaps powell is acknowledging, on the other hand, just how bad the biden-harris economy really is with maybe much bigger job losses coming down the road, even higher unemployment. anyway you said i will say this, donald trump has a much -- anyway, i are say this. -- i will say this. here's what mr. trump said last night in long island. >> we are going to grow, grow, grow to start paying down our debt, and we will keep the u.s. dollar as the world's reserve currency. we will deliver low taxes, low regulations, low energy costs, low interest rates, low inflation so that everyone can afford groceries, a car and a home. very simple. [cheers and applause] l

ensure the labor market is not cool off anymore. 50 basis points is a big deal especially because jay powell has been so measured in his messaging leading up to this pick all of it -- a lot of investors were happy, they wanted the fed to be aggressive, but i will highlight the only habit 50 basis point cut in dire times pick them talking on 11, covid-19, there is another chance at a larger cut could indicate the soft landing is at risk. we may be in a more economic trouble than we originally thought. jay powell maintains he does not see signs of a recession or slow down, indicating that could be a couple more cuts by the end of the year but jay powell emphasized they will take it meeting by meeting. >> meeting by meeting, there is no sense that they can meeting feels it is in a rush to do those. that a strong start to this and that is really frankly a sign of our confidence, confidence inflation is coming down towards 2%. >> investors using the language in those pressers, aggressive, more cautious cycle, markets immediately seemed confused. banded down over a hundred points but we were all over

and i just think that jay has been so good about avoiding politics. he's been good at it.n good at it when max yeen waters and elizabeth warner saying he should be cutting. why compromise i think his excellent agnostic stance politically by going 50 right here before an election? it looks a little -- >> you think 50 gives the appearance he is fighting for his job? >> no. i think it just -- it just -- it's something that gooses everything a little bit more right before we're all about to go vote in 50 days. i'm not sure he wants the appearance of that. especially when he has a -- he's got a meeting two days after the election. he's going to get to learn whether we have a harris administration or a trump administration. i hope he does two days after. we might be waiting a little longer. but i think the easy story with the data sara was showing is do 25 and maybe give us a kind of dovish look at what you're talking about for the end of the year. remember the dot for the end of '24 only had one rate cut of 25 basis points priced in. so you would be -- you're really making a pr

i think they should have started with a 25 and gone from there, and unless jay powell has a view on the economy that's not evident in the current data, this was too large. this is the first rate cut, this close to an election, in 75 years. if you're trying to give the appearance of not being political, this was just the wrong thing to do. larry: you know it makes me think, john cairney, the fact is why couldn't they have waited until the day after the election in november? why do they have to do 50, 48 days before the election? it's not going to matter. it's not going to impact the economy next month. they could have waited and therefore have been totally non-political. now i think they are going to be subject to some, you know, fair amount of criticism. i don't know what mr. trump is going to say. i have a feeling he's not going to be happy with this. >> larry, they absolutely should have waited until november. there's no economic theory that tells you cutting in september will change the economic path of the country rather than waiting until the day after the election in november when

i think that jay powell has said the truth, which is that he's going to make the decision based upon best judgment. he may make a mistake, but he's going to do it on his best judgment of what the economy needs and that he's not playing politics whatsoever. so i don't think the election matters a damn bit in the decision they make tomorrow. >> but how do you really feel, paul? i love that. so i want to go back and get in touch with my inner nerd and that is talk about the dot plot. if i'm remembering correctly, you went back to the start of this year or late last year, the dot plot would have forecast more interest rate reductions than it did in june when they scaled back and said, only one this year. now if i'm hearing you correctly, you think their going to pivot back the -- more towards what they were saying in december of last year, say, than what they were saying in june. why the change in june? and why the change back now? >> you got my script right. i think we're back to the future in many respects to where we were back in december when they did the rhetorical pivot, teed up th

the last thing i would say is jay powell has 18 months to go in his term, and he would like to leave economy firmly in soft landing territory. he's very proud bringing unemployment down and broadening opportunities for all americans. that would be a legacy he would like to preserve. >> steve, ten seconds. >> what do you think of the fed forecast that says mortgage rates don't get much lower than 5.5%? >> i think that is a high estimate. again, there's a lot of capacity to underwrite mortgages. now that rates are down, baby boomers might be turning their houses over to younger people. >> that would be nice. we'll pick up on this specific topic at some point in the weeks to come. thank you both very much. >>> while a recession may not happen at this point, could the market still be underestimating those risks? after all, bank of america downgraded its dep growth to 1.8%, because aggressive rate cuts could make it more difficult for the fed to achieve the 2% inflation market. and barry banister is expecting a market correction now with the s&p falling back to low 5,000 level by q4. my n

c b pain, we debated this often, jay powell has stuck the landing, called it on your show. i said well the race isn't over. get off the podium. >> you're quick to say that. charles: it's just a coincidence. but is it, i know, you brought out the swords. >> good so we're here. charles: is it victory? take the victory lap? >> i think it is time to start looking at the victory lap. i think the medals need to come out. i really do. i think you asked a question in your last segment why is the market up? i think jay powell in that press conference was very clear this is not a 50 basis points cut because of a recession coming. it's because we're doing okay. charles: on that note, the first thing he did he said the economy is strong and then something else is strong and then using the word solid a lot. things weren't strong anymore, they were solid. >> and resilient. charles: so just listen. he couldn't say the economy was falling apart because the market would have fallen apart so i give him credit. i thought it was really tough. i think he nailed the messaging. in fact i believe

it's a turn from the fed because jay powell has been one to go to his own drum or his own beat, one to the data and kind of really take a more proactive but maybe prolonged approach, and this one seems highly reactive to me to a economy that yes is maybe a little bit slower than the beginning of the year but a stock market my goodness steer near all-time highs and one doing fine before the cut. liz: scott, the media is getting tougher on kamala harris. cnn, politico even david axlerod is saying she's too scripted and robotic. this matters for undecided voters too and swing voters what they want. watch trump at the town hall in michigan last night talking about how he will fix inflation and then watch what kamala and tim walz had to say about it. watch. >> how are you going to bring down the cost of food and groceries? >> [applause] >> good, very good, thank you. so we have to start always with energy, always, i don't want to be boring about it but there's no bigger subject. it covers everything. if you make donuts, if you make cars, whatever you make, energy is a big deal and we're goi

the next year do you expect things to weaken from here i know you said you agree with jay powell but the economy has mixed signals we have seen cracks in the labor market after bureau of labor statistics yesterday canceled 818,000 jobs. >> yeah, that was a big change in our read of what is going on, i think the chance of having growth fall below 1% are streel highodes of going all the way to negative, 25 or 30%, economy is softening no doubt about it. maria: ken great to catch you are, we'll be right back.. thank you. . (luke) homes-dot-com is a new, elevated home-shopping experience. beautiful design, tremendously rich content, and, my favorite touch, it's the only site that always connects you to the listing agent. feels like a work of art! (marci) lovely. what about the app? (luke) uh-oh! look what i did. it's ringing. hello? hello? (marci) they can't hear you. (luke) hello? (marci) because you glued a frame over the microphone. (luke) i think i've glued the frame over the microphone. (vo) ding dong! homes-dot-com. we've done your home work. [introspective music] recipes. recipes that are more th

again, that line from jay sullivan who has said he was worried about escalation between israel and lebanonthe killing of a top hezbollah leader brought justice to the iran backed group. in gaza, israel has struck a former school. hamas says at least 22 people were killed. the israel defense forces say the attack targeted a hamas command room at al—falah school, which had been serving as a shelter for displaced civilians. the army insists that steps were taken to mitigate harm to civilians, but accused hamas of systematically using civilian sites to house its fighters. the israeli military has received widespread global condemnation for attacking schools, civilians shelters and hospitals in gaza. israel says they were housing hamas fighters. our correspondent daniel de simone is following the latest developments from jerusalem. i spoke to him a little earlier. what we are witnessing today is more in line with what we have really been seeing for months which is israeli air strikes in southern lebanon, as saying it is targeting hezbollah targets, hezbollah installations, hezbollah installatio

let people sell it, but i'm going to listen to jay chaudhry just in case the ceo has some significances considered one of the kings and now he's a pawn. i don't know. king isn't that good. you want to be the queen, the bishop, anything, but right now, he's just like one guy, you know, and he's surrounded, and he doesn't know what to do. he's playing stratego, and they're playing chess. >> look forward to that later on this afternoon. opening bell is coming up in a moment. don't forget, you can catch us any time anywhere, just listen to and follow the "squawk on the stetopinbe" dct.re: eng llpoas it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. ♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ ♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪ ♪ with my arms wrapped around... ♪ >> announcer: the opening bell is brought to you by nuveen, a leader in inco

jay blades, the host of one of the bbc�*s most popular shows, the repair shop, has been charged withaging in controlling and coercive behaviour against his wife. the presenter, who's 5a, faces one charge and has appeared at kidderminster magistrates�* court. here's david sillito. welcome to the repair shop. jay blades made his name on the repair shop. it's all about preserving and restoring. we bring the old back to new. he became the star of the popular show in which beloved but broken heirlooms are restored. oh, yes! we are the only one. it's the repair shop that he's talking about. we just got a bafta. in may 2023, he and the team won a bafta for a special royal edition of the repair shop. this furniture restorer, who grew up in hackney in east london, went on to present a series of programmes and was made an mbe. but today, he appeared in court in kidderminster, charged with controlling and coercive behaviour towards his wife, lisa zbozen. the couple had married in november 2022, but lisa zbozen announced at the beginning of may they had separated. the day after, police say they

katie: if the fed cuts 25 basis points but jay powell has dovish language, would that be almost equal to a 50 basis point cut? torsten: the complication around what they do today, i think they will go 25. if they go 50, how they talk about this will be extremely important. that is why the dot plot coming around today with the statement is critical for rates expectations. markets are tried -- pricing 10 cuts which is based on the idea that we have to get down to neutral and 3% as quickly as possible. if the dot plot tells you maybe we are not getting 10 cuts. maybe we are only getting six or seven cuts. maybe the markets will say maybe we are overpricing this and too hooked on the model in the fed's basement rather than going into the living room and looking at the incoming data. katie: i want to ask you a question on fiscal. the u.s. government pays billions when we pay our interest. with the fed cutting, how much less money will government pay on our interest? torsten: we cat lady that if the fed cuts one percentage point, the interest payments on a daily basis would decline from $3

vance say this cut was political, the fed chair is jay powell, who has been in that position since the trump administration and was appointed then. >> unless you are a political figure, as you rightly say, he is a trump appointee. obviously in a campaign year it is going to raise questions. i think what it says is that the fed believes it has basically beaten inflation. that it is time to loosen up money and get the economy going well to provide funding for businesses that want to expand and make sure unemployment does not begin to rise with the tight money supply. what that means for the election is hard to say. history shows that people's opinions about the economy are not really related to numbers and not really related to facts. they are related to what they see in their own lives and it is so late in the system, so late in the cycle, it is hard to imagine people's views changing as a result of this, but it suggests that the economy at this point with low inflation, low unemployment, relatively high stock markets, wages going up, is in relatively good shape. that doesn't mean there

specifically, wolfgang, you know, obviously investors, they place a lot of weight on what jay powell actually hasrecalibration is the new transitory. he said inflation was transitory as it continued to creep higher and higher. now he claims they're just cutting at an accelerated pace just to try to get back to a neutral rate. they're not trying to go easy as far as monetary policy goes. do you really believe that or do you thinks there's some potential issues in the economy? >> well, i'm hoping there isn't much. we are seeing exactly what you said. good to see you, by the way. at the end of the day, he's been very tim mid. timid, very cautious, in my opinion not proactive about where he's going with this so he's very reactionary so i don't know whether he's going to one way or the other, he's going to look at what does data tell me and a that's why i think he's behind the 8 ball he needs to think about the j curve. what you see in the numbers today isn't reflective of what's going to happen in three months if you change the policy. they needed to change the policy and they're not doing it at the

is a victory after 522-point rally yesterday in the dow after the 50 basis point cut which jay powell claims has with the election is not political you will not believe what president biden is saying, she's investment officer peter anderson is here with more on allocating your capital going into year end. you're watching "mornings with . stay with us. ♪ at the tunnel to towers we made a commitment that commitment is to make sure, that the word homeless and the word veteran are never in the same sentence again. we're in bradenton right now because tunnel to towers has decided help homeless veterans who want to get out of homelessness, get into a better part of their life, it's a great partnership between the tunnel to towers and manatee county, to be able to provide housing for the veterans that need it most, not shelters, homes. it's not just a place to sleep it's actually wrap around services and that's what is so impressive. as someone who fought on the forward edge of freedom these are my people. these are my brothers, my sisters, the people we fought beside one of the hallmarks of military s

the daily telegraph has a photo of the bbc one�*s �*repair shop�* presenter, jay blades — who�*s been

fed chair jay powell, however, has rejected the notion that politics plays a role in these deliberationsy go 50? it's where the fed is going anyway, not just 50, but beyond that and the fed may be beyond the curve here and no harm since the fed is thought to be restrictive even after a 50 and it's insurance against economic weakness and that weakness is seen as the biggest risk right now. j.p. morgan writing over the weekend that a closely followed monetary policy rule, the taylor rule, is currently a full percentage point or more too restrictive and that is the fed policy and jim bullard telling me over the weekend he's looking for 25 and for the fed to lay out a dovish outlook of as much as 125 and 150. here's the trouble, markets are pricing in 250. so if you do a 50 this week and maybe you encourage not just this, but you encourage more than the 250 already priced in the fed may want to avoid that, kelly. >> steve, you talked to bullard over the weekend. is he a voting member? >> no bullard has left, as you know, he was the former st. louis fed president. >> once i'm used to them bei

i thank chairman green and staff member jay savage who has done an amazing job of not letting this issue go and maintains a strong stance. thank you. and i yield back. the chair: the jap reserves. guest: i reserve. the chair: the the gentleman from. mr. thompson: this does not provide authority to issue a waiver from funding restrictions if it is in the interests of america's national security. without this waiver, we just behind this bill. we have to allow those experts to determine what is in the best interest of our national security. this waiver was part of this bill when it was reported out of committee last congress and supported by democrats. in the absence -- in its absence in this bill today is a fatal flaw. i yield three minutes to the gentleman from rhode island to discuss better versions of this bill. the chair: the gentleman from rhode island is recognized. mr. magaziner: thank you. while the bill before us attempts to address a real and serious issue, i must oppose it in its current form because it is drafted in a way that is unnecessarily broad and would have a chilling ef

then they try to throw him in jai ail. he has been smeared, sued, indicted for fake crimes shot at, and trump still standing, still running for president, still promising to take on the washington swamp and prevent all of america from becoming san francisco. >> take a look. i'm here today in california with a very simple message forre the american people. we cannot allo for simplw comrae kamala harris and the communiste left to do to america what they did to californi a the state of california is a mess. the decline of this whole state is one of the sad chapters in what's going on with the ludical lunatics that we have to put up with as the san francisco districtn attorney, kamala was the godmother ou sanctuary. she was right out there to thet forefront and alsont and the moh of defunding the police. poliwas there right ate the beginninbeg. i >> now, that was president trump at a press conference today a. every week, he's answering dozens and dozens of questions . so does his running mate, j.d. vance, who will appear on three sun

i will say one thing that jay powell has done very well, is he tends to pre poll all the members, try i don't think there's anybody in the committee who is going to be so strong in favor of 50 to push the needle. i would be surprised if we got a dissent. i think we will get 25 across the board and i think that's what he's arguing for right now. >> it's almost more -- also important, more important, what he signals going forward. the market prices in 100 basis points by the end of the year. is the market going to be disappointed if they do a few 25s? >> the funny thing, i think the market will be relieved. the bond market might be disappointed but the stock market will be relieved. if the federal reserve can save 25 basis points, we think the economy is fundamentally healthy but there is no call for monetary restraint right now we're going to ease rates back to normal that is a very positive message for the markets. i want the bond market to be disappointed. >> david, important day. appreciate it as always helping us understand the numbers. >> let's turn back to broadcom because it is

a programme featuring jay blades that was due to go out tonight has been rescheduled, and buckinghamshirestoring furniture landed me a job as a presenter. jay blades is due to appear in court again at worcester crown court in october. david sillito, bbc news. plans to build the uk's first deep coal mine in more than 30 years have been quashed by the high court. the company involved, west cumbria mining, had originally been given permission to develop the site at whitehaven by the previous conservative governent. conservative government. but climate campaign groups challenged the move. here's danny savage. chanting: coal! don't forget... . for campaigners against a new coal mine in west cumbria, today was a good day. we've won, and it's really positive and hopeful and gives me optimism for future court cases. this is what the site on the cumbrian coast could have looked like. the first new deep coal mine in england for decades had cleared many hurdles to get the go—ahead. but those against it claimed the government didn't take into consideration the environmental impact of burning the coal

and jay powell doesn't do drastic unless he has no other choice.re is a whole cottage industry of people eager to criticize the fed and chairman powell, i generally think our central bankers have done a pretty good job. of navigating covid and the post covid era. they were accommodating when they needed to be early on, saving the economy from ruin. when it became clear they pivoted and they've gotten inflation almost entirely under control in barely more than two years, which is extraordinary and they've done it without tipping us into recession, which is amazing. they don't want to take a victory lap, so i will do it for them. in my opinion we are the logical next step where the fed can begin to unwind the tight money posture. the fed has done a magnificent job signaling this is coming, so there's no need to surprise the market with a double rate cut. if they did hit us with a double rate cut, i think that would cause people to panic because it would signal the economy is doing much worse than we thought and there is something awful lurking that n

has been charged with engaging in controlling and coercive behaviour and appeared at kidderminster magistrates�* court earlier today. with me is our entertainment correspondent, lizo mzimba. if people aren't familiar with who jayiar face on british television, the main presenter of the repair shop, which moves successfully from daytime to prime—time, where members of the public bring and cherish, old and damaged items and the team in the repair shop have various skills. jay blades is a craftsman, and expert furniture maker. he's been at the centre of the show since it began on the bbc in 2017. it's when a bafta and is a very familiarface, notjust for familiar face, not just for that familiarface, notjust for that but charity events with members of the royal family. that but charity events with members of the royalfamily. he was made an mbe for services to craft in 2021. now we have this news that he has been charged with controlling and coercive behaviour, including physical and emotional abuse, according to public court documents. west mercia police say the television presenter appeared at kidderminster magistracy court this morning and he's been bailed to appear at worcester crown court on friday october the

jay pharoah! i'm taylor tomlinson and this has been "after midnight". goodnight! why didn't we do this last year? before you were preventing migraine with qulipta®? remember the pain? cancelled plans? the worry? that was then. and look at me now. you'll never truly forget migraine. but qulipta® reduces attacks, making zero-migraine days possible. it's the only pill of its kind that blocks cgrp - and is approved to prevent migraine of any frequency. to help give you that forget-you-get migraine feeling. don't take if allergic to qulipta®. most common side effects are nausea, constipation, and sleepiness. learn how abbvie could help you save. qulipta®. the forget-you-get migraine medicine™. . >>> now at 11:00, a high profile bay area murder of a big tech executive is go being to go to trial. >> the blaze is really small. >> it is something that can stretch. >> what we know about the video that the defense trying to keep out of the courtroom. >>>. >> say her name. say her name. >>> a young woman's family calling for justice after she dies inside of a bay area jail ce

>> i think jay powell has to corral a whole committee. he has them moving in the right direction and he has them moving for rate cuts. i don't think he has them all set to do much more dramatic cuts. >> when the rest of your firm calls you trying to figure out what they're trying to tell their clients, what are you telling them they are supposed to tell their clients about the equity market right now? >> that's the tricky part. we feel good. we think the economy is fine. we don't think we're headed for a hard landing. the tricky part, if you talk to mike wilson, people say the hard part is where the multiple should be. that is different from where the economy is going versus the sent presid sentiment. i have to leave it to the equity specialists to leave it at multiples. >> just play out the rest of the year and the election and everything else because i want to just understand over the next 12 months, where do you think rates actually go? >> down from here very much. we have a whole string of 25 basis point cuts. i think the strategy for

lag, by the time we get it, can factor it in, that's always present and then the election, as jay powell hasion. i think the first two theories people offered you, those are not crazy. all two into our risk assessment of what's the best action we can take to ultimately hopefully achieve a soft landing and preserve our dual mandate goals. >> michelle bowman dissented. she voted for 25 basis points and it doesn't seem like a big deal to have one dissent. it's the first time there's been a dissent since 2005. was it a more contentious meeting, a more thoroughly discussed meeting. >> there was active deliberations at the meeting, a lot of discussions leading up to the meeting. and ultimately for those whether it's it's governor bowman or people on wall street saying i think 25 is the right, i wouldn't argue that. i think 25 is reasonable, 50 was reasonable. it was the judgment of the committee that 50 made more sense to get going. what's interesting is nobody on the committee said we should hold here. not even governor bowman. so there was unanimous view we should take steps to dial back the pol

>> i think, frankly, more the former, if i'm listening closely to what jay powell has to say which ishile they say the risks are balanced, i think you're correct. 50 strikes me as acting as they are putting more weight on the unemployment side of things. i do not think yet they're in panic mode. i don't think this was an emergency 50. he said something else that was really important. it was a very strong start and very much was clear that quote he didn't want to fall behind. i believe this one is a little bit more in the camp of okay, we say the risks are balanced, but it's really the labor market we're looking at. so far, so good. let's jump ahead of this. that is the main issue of recalibrating and what do we recalibrate so they don't fall behind. they fell behind on this and they had to scramble to get ahead of inflation. >> there were in past fed statements, there were single words that became famous. conundrum was one. that might have been greenspan. >> irrational exuberance. >> that was one. he said recalibrate. we did that on purpose, i guess, to show you how many times he actu

. >> at u.t., president jay hartzell says the university has provided more financial support for studentsing. in 2023, u.t. launched a new housing scholarship. this year it's providing up to $2,300 a year for more than 3,000 middle and low income students living on campus. >> the goal is to use the aid as a tool, to help students find it more affordable to live close to campus because, in our experience, students live closer, do better. >> junior ashanty meredith is one of those scholarship recipients. originally from dallas, the cost of housing at u.t. caught her by surprise. >> nothing had prepared me for how much i would have had to pay just for housing alone. >> meredith is a chemistry major and an aspiring doctor who has lived on-campus all three years. even though financial aid covers her tuition and some of her housing, coming up with the balance meant taking out loans and getting a job. but for the last two years, she's gotten a financial boost from the university's scholarship. >> i was ecstatic because it really helped reduce the amount of loans i would have to take out to pay