jerome: the headwind this year. i think the broader context is you have households have significant amount of savings and can keep spending. i think those two things tendo counterbalance each other. it appears -- consumer spending is still positive. it is a modest growth level. it is not shrinking, but people -- banks that deal with retail customers and many retailers will tell you that consumers are still buying and verifying. i do not know how big the fiscal headwinds are. they have not shown up the way we thought they would in restraining spending. it must had to do with the savings people have. >> what about the spending? there are tens of billions yet to be spent. from the inflation reduction act, chips act and infrastructure bill. what happens to that in the future? jerome: demand will have support from the savings. also from the strong demand in the labor market. we see significant demand and a tightening labor market. i think overall it is not tightening or loosening. see those things. with those tell us is

jerome: i think, i am pleased that we have moved as fast as we have. i do not think we have over tightened. it is very difficult to make the case that the current level is too tight given that elation runs well above the federal funds rate -- inflation runs well above the federal funds rate. the last two meetings i have tensioned i said there would be a point, we had a discussion about what that might mean. we did discuss this, and we will discuss it again in december. i do not have any sense we have over tightened or moved too fast. i think it is a good and successful program that we have gone this far this fast. we think there is a need for ongoing rate increases. we have some ground left to cover here. cover, we will. >> nick, for the wall street journal. core inflation on a 3, 6 month annualized basis in a 12 month basis is running in the high fours close to -- is there any reason you think you will not have to raise rates above that level to be confident you are imparting enough restraint to bring inflation down? jerome: this is the question, does

to know jerome was to love him. jerome was a big tall black man that didn't mind getting into anybody's face. jerome was known for pushing tables across the room. he had this not squeaky voice but it was a unique voice that when he was screaming he was not as loud as i am but he had a presence about him and i talk all the time about that. okay so we replace that sign and that sign is assigned that is now displayed here at the smithsonian which is a privilege. i'm going to tell a little bit about myself. i was not welcoming to releasing our history because i felt like that was our history that nancy and simone, something happened that you have it. you have it and i'm entrusting it to you all to preserve the history and you guys are doing an awesome job with that. and it came out that i think it was our teacher for america, people came down and they put the signs on facebook and as a result of that i think it was two or three years to find out exactly who did it and why it was done. then we did duct tape then we put u

cheryl: jerome powell moving the markets right now.ed gears, the fed stays the course until the job is done. the time for moderating rate increases as soon as the december meeting. i want to bring back aaron gibbs and dan geltrude. we will moderate fed funds futures. >> i'm going to say this. everybody could hear what they want to hear. here is the way i see it. 2% is still the target rate for inflation. we are around 8%. we will keep going on this path, 50 basis points next month, down from where we thought he would go but how long will this go on? until we can get to 2%. i say that is a long time. cheryl: you want more aggressive hikes. that's what you are not hearing today from him. the full effects of fed tightening can be felt and then he says he will hold it for some time. it is pretty clear to be cautious. it is happening but we are going to slow it down and take a pause. last month was a big enough cut on the inflationary rates. they've been cautious the 8 and higher time but this is consistent with the fed of being very cautio

katie: did this change all that much if you are jerome powell?shok: he was clear at the end of his press conference, the messages he wanted the market to take. the hiking cycle is not done. the fed is not thinking about easing. inflation remains mission number one. it was a decent payroll number. there is a deceleration in jobs. wages, it seems like we are losing the upward steam theree. for the bond market the next inflation print and the fed will get another one in december, those are becoming the important datas. the market generally recognizes the employment picture will be softening next year. katie: a lot of top-tier data to get through before we get to the december fed meeting. maureen, when you wrap this into high-grade debt, how do you position a portfolio around this? maureen: i think we have been saying this for a while. we have recognized an entry point here for quite some time for you think about where yields have gravitated to since the start of the year. the index is sitting at 6%. the last time you got investment grade exposure at

jerome wirawan, thank ou isolated areas. jerome wirawan, thank you very — isolated areas. you very much _ isolated areas. jerome wirawan, thank you very much for - thank you very much for bringing this up to date, so more than 150 people killed by that earthquake and as we get more information we will bring it to you. let's get some of the day's other news. a fire at a factory in china's henan province has killed 36 people. two others are missing following the blaze in the designated high—tech zone in the city of anyang. state media said "criminal suspects" had been taken into custody but gave no details. a small plane carrying eight people has crashed into a residential area of colombia's second—largest city medellin on monday, killing everyone on board.the pilot is believed to have reported an engine failure before crashing into a house, sending thick plumes of black smoke into the air. heavy rain has caused flooding in albania. it follows a drought across much of 2022. the state—owned hydro—electric power company said it had to allow water to drain from some reservoirs,

how is ben bernanke helping guide jerome powell?another congratulations to him for the nobel prize which is well-deserved and i had him as my dissertation advisor in graduate school. when you are chair of the fed coming basically have your pick of anyone who's willing to talk to the chair of the fed but the challenging for jerome powell now is to try to synthesize all of the advice he's getting from all corners. the vice chair of the fed is there and she is an experienced policymaker and her advice is always valuable to chair powell but any academic economist or wall street economist would take the call and try to give jerome powell advice. jonathan: what was he like as an advisor to you? >> fantastic, he is amazingly humble and it's amazing combination of being humble and brilliant at the same time. i gave an chapters of my dissertation and he would come to me the next they with comments and was generous with his time. jonathan: he shredded the chapters, you are humble and brilliant as well. thank you a lot. a lot of people in fede

i think jerome powell has work to do?en during the 1970s, jackie, there were a couple of bull markets. even if inflation is not eliminated there are places to make money. where is the consumer, he or she is tremendously hurting. markets are forward indicators. we've seen stocks and bonds, talk about crypto, some of the biggest losses in market capitalization since the global financial crisis this is a transformative time. already we're seeing technology layoffs. i here this will be very difficult christmas for many americans. their inflation has gone up. i think many of their jobs are in jeopardy, specifically because that inflation has not been addressed in washington just yet. stuart: that is more of my read, carol. the other thought markets are aggressive to the upside because they do believe the house will go to the republicans. the republicans at least can block legislation but having said that, i want to go back to the point that jonathan just made which is technology, layoffs. "new york times" reporting that amazon

>>> meanwhile the markets will be looking ahead to the markets fair value with a key speech from jerome powell later today >>> data crossing from italy at the top of this hour this is third quarterfinal gdp read don't forget when the flash estimate crossed a few weeks back, we had a surprise uptick in the market. we were trying to digest what was happening behind the scenes this has been confirmed up half a percent quarter on quarter plus 2.6% year over year in the second quarter, that was also confirmed with the yearly rate revised to 5% versus 4.9% previously, according to i stat. this just crossing this was around the opening theme that tourism has been a supportive factor for the demand in italy this is a look at what we're seeing on the italian paper at this stage we're picking up a little bit on the yield in trade this morning. >>> meantime to some of the other data, we've had first up today the cpi inflation came in at a 7.1% level on the year in november's preliminary reading that was in line with october's level and matching analysts' expectations according to reuters. >>> i'm

rate sensitivity or simply a momentum train that has lost a little steam as we wait to hear from jeromeowell in just a few minutes. we will also talk about the 10 year yield because it is catching a bit ahead of the fed decision, that never happens, especially when you see a jumbo rate hike priced into the market. interesting to see volatility still in the market, 403 on the 10-year. as you see volatility in the bond market, the curb -- currency market falls. the dollar taking its cue from the treasury market. looks like it is flat on the day but even at session lows you saw weakness driving the volatility in the stock market and not just the stock market, the commodity market as well, the commodity index has been higher for most of the week. thus far, brent crude inching closer and closer to the 100 level, trading around a 96 handle up on the day. we had an interesting conversation earlier with goldman sachs chief global strategist eat oppenheimer who spoke about how far the bond market came as central banks fight inflation. >> this an overwhelming shift that happened. we have to take

jerome powell double down and said, we have some way to go. this is strong guidance.nk the market is trying to decide on how we can deal with that. it his -- is a huge day for the bank of england. dani: were you looking for? charlie: we have a 50 hike, 75 hike and a 100 hike. i think the strong money is on 75. that is why am looking for. the bank of england should look to lang -- land that plane in the middle of the runway. if it was 50, i think people would think the bank of england does not understand the worry. i initially thought the market would like it because it would show strength. when i saw the price action in the u.s., i think 100 basis points will be viewed as negative as well. land it in the middle at 75. dani: dani: is there not some degree where the boe needs to grapple with the market that saw financial conditions loosen. with liz truss out in the next coming income bond yields are coming in. do they have to account for that in putting this more hawkish narrative, tightening conditions again? charlie: i think the bank of england is in a really tough sp

you can warranty the if you get done with jerome mushroom really drew on today. it's a 9. yes. which if you see any processing for those, and particularly for, for she has lee, and yet you more if you had a piece or you can feel free to leave, let me speak with nick if she missed with dish, you know, with the last year when the ration like a product mcwilliam branch, the river free slowly through the atm, aka toby work, i believe a technology support most now some of those can you see, of course the actual person you've been disabled. she looked where ship us would. you can use the cd to more than one. i should a lot of nobody normally she'll really shift push and get a minute. should that will they tell you this? she doesn't, but you were open to shoot in a play on make a connection with national safety commission by having to move you in training. and usually that's like and so i went to to see jill a certain way, but i will go over it and really sick my she will talk when is your root? there's some brush. no, it was jim. you mean you were to go to the studio? no. it isn't wh

if you got that, i mean you for shoes, them, it was actually both with the one with jerome or cbl or you must get what's called auto zone, which in fact no, the groans population was just 50000 them. so killing 700000 would have been a challenge, but these notes on russia were often republished and quoted, even centuries later, similar accounts meant, russia was judged to be dark, and savage. the europe, at the time, was far from the height of progressive humanity. there was more a little bit of a while we see an image issue i do if i need a screen that shows that it was seems clean faced as busher. jim's su dates at the, at the aclu girl. always except a from a fill in the way, the most nasty business that it was studying for him to have study. and we have some operational up up on visual nose up on sort of blood. but i showed you multiple, he wouldn't be a school, but i mean the must, anything a given the, from the most in thought from the vocal mix and flung, put up with that window which fed up. wow, i know for sure that he thought he had no family empathy. let me check that it w

tom: what is a microanalysis of a 5% to year yield due to jerome powell?ting to come around to the idea finally that the federal reserve may hike to 5% and keep that interest rate there for a long time. it is going to take three months for jay powell hounding the market and saying, once we reach the terminal rate, we are staying there forever. the market had not been pricing for that. they are starting to. the dot plot had been -- more importantly, that we are starting to price out cuts. i think that is the important information the market on board yesterday. lisa: that funds futures, 5% plus or minus a couple of basis points here and there throughout the whole of 2023. is that fully priced into credit, given your credit expertise, given we have not seen the pain a lot of people have expected? ira: spreads have the risk of going wider, particularly if you wind up with revenue growth and topline growth of a lot of company starting to come down. we are going to see a significant, slower economy. keep in mind, balance are stronger today than they were 3, 4 ye

what was it that jerome powell said that the dow up 658?gain, lower interest rates ahead. liz: and do you get the sense now to time in and jump in on some companies that have come down dramatically and i'm really thinking tech? >> tech is definitely a winner today. you see that in the nasdaq. it will rally a little bit with this announcement and for lower rates possibly in the future. liz: do you like conocophillips, cvs and fidelity national. those are not heart of the technology world. i want to focus on conocophillips. oil is behaving in a interesting way. much bigger than expected drawdown. give me an eye on conoco. >> better top line earnings, better than consensus. a great yield. they put a lot into that. if you own energy definitely consider conocophillips. liz: finally, when do you think the fed will pause, not slow but pause? >> it seems like that is ever going moving target. so you know, my crystal ball is kind of very gray right now but i would say i would say probably the first quarter at the rate they're going now. liz: hey, gr

jerome powell and the new york money center bags lead by j. p. morgan, goldman sachs and others are all saying we need one that's an oil de invest in oil . there's a lot of this going on, and i think that those are clues as to what's actually going on capital hill. this is unprecedented in the history of the united states, i think, and it's, it's on history. it's unprecedented in the history of really us european policy. and i think we have to really begin to take this seriously. because when i 1st started thinking about this over a year ago, i was just kind of spitballing now on a year and a half into this watching. that's going to look. it's a it laying out exactly the way i thought it our way. i even feared of it or hoped it was because i think it for the united states in the long run, in order to neuter this, an incredibly aggressive foreign policy and the incredibly stupid domestic policy that we've seen from the democrats. and i'm the republican, my mind, you remember? i'm for the most part politically agnostic. i just think these people ar

jerome powell saying the main questions are how fast, how hi, how long should interest rates be highs the fed attempts to get interest rates down to 2%, but he also knows that no decisions have been made if interest rates will continue going up, if they will be moderated. certainly the markets suggested they were expecting .5%. he's giving no idea, saying these decisions have yet to be made, but he did keep on saying we may have a long way to go in raising interest rates, so that is spooking a lot of people because there is that since the fed has been moving far too quickly. >> u.s. president joe biden is giving a speech in the coming hours. he has been on the campaign trail urging people to vote and warning that democracy in the u.s. is under threat i right wing groups. the address comes six days before americans cast their ballots in midterm elections. a great deal at stake in these elections. joe biden wants to make it clear the country's democracy is at stake. what we -- what can we expect to hear? quickset speech is set to begin in the next hour. the president should be leaving

. >> reporter: federal reserve chairman jerome powell says interest rates have to go up to bring inflation and prices down. >> price stability is the responsibility of the federal reserve and serves as the bedrock of our economy. without price stability the economy does not work for anyone. >> reporter: the board is raising a benchmark rate .75%, the sixth increase of the year is an attempt to cool off the economy. rising interest rates are having some effect. mortgage rates doubled over the past year and are now at a 20-year high. that's causing home prices to fall. and the average interest rate that has fewer people visiting lots which is helping build more supply. >> now that the inventory's starting to normalize, the used car prices are starting to come down. >> reporter: prices for many other items continue to rise, including necessities like food and electricity. that's why economists predict the fed will keep raising rates in the coming months. it could ease the size of increases. >> it there was a mention that the fed may kind of take a deeper breath or maybe not raise rates by as

fed chair jerome powell spokes just moments ago on the historic decision. >> raised our policy interestate by 75 basis points. we continue to anticipate ongoing increases will be appropriate. so we still have some ways to go. incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected. >> cnn's matt egan and rahel solomon join me now. matt, what are we expecting? >> well, bianna, we are expecting interest rates to go higher. the question is how much higher and for how long? the federal reserve is moving with almost unprecedented speed here. they've been from zero interest rates to 4% in about eight months. we really haven't seen anything like that since at least the early 1980s. this is raising some concerns, because central bank policy hits the real economy with a lag. it actually takes many months before you actually feel it. it's like if you took pain medicine for a headache, you might not feel it right away, but it doesn't mean it's not working. so the concern is the fed may go too far and raise interest rates too h

the tower for chris brought some food blue sir. ballad jerome is on the raft. i will share with you a g. h. a vase in may lou as well did there such return? i'm out here last and i'm with was a to many shall dom, kelley, joel winkleman, last a bit. adenoids, eleanor saddam, to that for them. what are beam on to t melody shuttle is that is sanisha the cal fan lusan. one is one of the other horn, unlimited incubator that our for them announced to him and had said same glance on her behalf. doris soon and on shady cheese or a hollow man shall be shoveled. when asked the young man, this is the those advantage. i love manager hood that is an illness still there you too. which is now what year? is it the fall? last name of the 3rd and can all the model is i want you footballer with the same general from the bathroom. would i be getting pushed closure them, associate, invisible. that'd be attention. honesty, though twisty. they're bad for my to ignore joanna bad say that's supposed to say this. said the 430. they're going on. both companies syndicate tones. amazon var

jerome, you have been patient. do we need to take a deep breath and calm down? >> absolutely, governor waller's statement highlights that the debate is still ongoing at the federal reserve and as a market participant and as market participants in general, we have to wreck eyes that financial conditions will continue to evolve. whatever that means as far as monetary policy, it means we will have to find ways to absorb the volatility in your respective portfolios and yield is one way of doing that step the outlook becomes increasingly clouded as we get data points. we recognize inflation will continue to evolve and pull back slightly and we think it's move slightly lower. at the end of 2023 but it continues to be an evolutionary process and to simply think you are at a point where the precision in the market is the end of the market is pulling the river card and drawing an inside straight. lisa: what do you make of the volatility, we heard early basis points. if people are trading so violently off of one stat and not retracing it that much, does it tell you more a

haidi: federal reserve chair jerome powell there.et analysis with the ceo and president of international executive finance. read you happy with us. we talk about the magnitude of inflation being under initiated even by central banks. where that something evidenced by jay powell's remarks and the statement last night, which seems to be a game changer in terms of the breadth of the challenge and the policies required to deal with it? >> great question, thanks for having me today. it is always a pleasure to be on bloomberg. the german said is resolved to bring inflation back down to 2%, he is a person who is determined to do that. their preferred inflation gauge is 6.2%, labor markets are incredibly tight. household balance sheets are in good shape, and rates are not binding. the fed still has a long way to go. haidi: when it comes to the risk to the global economy, fragmentation, decoupling or the terms and narratives that we are seeing grappling with for quite some time. we have china, which is no longer the cyclical growth element he

we'll give john a little boy, a chauffeur's mouse with diplomat and much of jerome jose lived in russia for almost 20 years and left some rather curious accounts site with chris really can all go via as well if you will definitely cheaply and i told them teach you were rich lindsey's me, only car was one of our well, so put us through that. you'd be she was way that that you'll be she was way around the structure got dory. i be she is to the dealership. i believe that went to the source on the could use with us that you she's the only was ideas for can i wanted to actually scroll your teams so please, if you get the commission's ration details put in your life. ross, ladies need help of my man. through the stolen vacations with fishers, richly new new believers will know position you can water do the if you look at them with jerome. mushroom really drew on, but i, it's a parent each has 9. yes. we will die to let you see at the processing for those particular procedures, lee, and yet you more than a year. so your communities can finally with new kids. she missed what piece you know, wit

we'll give john a little boy, a great diplomat and merchant jerome house. he lived in russia for almost 20 years and left a rather curious account cider mill. chris really can over here as well. if you will double check a lindsey's me only go out to one of our well, so put us 3, situate the she miss life that, that you'll be. she was way around the structure got dory. i be she solution dealership. i believe the 14 the source on the car dealers with those that you she's the only was ideas for. can i wanted 6 mutually scro? you see me so please if you beat the commercialization detail is put in his life story. where else ladies need to buy men through stolen and taking some pictures richly on your bill. you're still not rushing. you can warranty the if you look at them with jerome. mushroom really drew on diapers each was 9. yes, we will die. taylor, you supposed to be the person to forget orders and because she has lee and yet you more like with the invasion you case. you miss with the issue with our, with you last year when the ration i go to from going pre

you can warranty the if you did them with jerome mushroom really drew on. could i it's a paras each line. yes. we which die taylor. you see at the persons for the borders a particularly profuse lee. and yet you bought you dinner with the invasion you case you missed with the issue with it is last year when the ration like a book, mcwilliam crash the river, pretty slow with a kind of disappointments. now some of those can you see, of course, the pop sulu person you because they will let you look to where ship us when you can actually see more of them when i see a lot of no good. yeah. normally she'll will have to push and get a minute, should that will they tell you this? i sent you those on what you were open to shoot in the flooding. i'm making connections and nothing in the city commission by having trouble with and usually i'm 2nd so with just a 2nd. we go. all right. and lisa, unless you with a jim, you mean you with them when the what you see, what, you know, grains can you able to be used to? if you got, i mean, you purchased them? it was when she was

we'll give john a diplomat and much of jerome jose lived in russia for almost 20 years and left. a rather curious account will really can over here as well. if you will double check, a lindsey's me only go up as well. so who does that? is it your p, she misplaced that, that i used to be? she was way around the driveway. got dory. i be. she's still in the dealership. i believe that went to the source on the card. you is with us that you she's the only was designed for can i wanted substantially scro? you see me so please if you get the machine jason d t is putting his knife. ross made easy, but my mom threw slowing kicking. saltisha richly new believers will know position you can warranty the if you look at them with jerome. mushroom really drew on. but i it's a paras each line. yes, we would die to let you see at the persons for the dog doesn't particularly proficient lee and yet you more usually with the invention you case you missed with the issue with it is last year when the ration like a book mcwilliam branch, the river free slowly through the grades, year montessori work, a

captions paid for by cbs television distribution lateisha ruhl is suing her ex-boyfriend, jerome pipkinsar. >> byrd: order! all rise! your honor, is case number 234 on the calendar of the matter of ruhl vs. pipkins. >> judge judy: thank you. >> byrd: your welcome, judge. parties have been sworn in. you may be seated. sir, have a seat. >> judge judy: ms. ruhl, you and the defendant live together in an apartment where you had a lease that both of your names were on, is that correct? >> yes, ma'am. >> judge judy: when did you move into that apartment? >> october 8th, 2016. >> judge judy: and the lease was a one-year lease? >> correct. >> judge judy: you moved out when? >> like march 18th or so. >> judge judy: of 2017? >> yes, ma'am. >> judge judy: and you moved out after an incident? >> yes. >> judge judy: why don't you tell me what the incident was. >> i was sleeping in bed at the apartment that jerome and i share, and he came home. he got in bed. he was snoring. so i got up, went to the living room, watched television. immediately after, he came into the living room and said, "what are yo

you can warranty the if you rotate them with jerome mushroom. really drew a line. yes. which is usually at the processing for those particular procedures, lee, and yet you more easily with the invention you case. you missed with the issue with the ration like a book mcwilliam kind of the river, pretty slow with a technology support most you know, somebody with those. can you see, of course the actual person you because they will let you look to where ship us would you can actually see more them when i see a lot of no good. yeah. not unless you will have to push and get a minute, should that will they take your list, which is on what you were open to shoot in the sliding on make a connection or nothing in the city commission by having trouble with and usually that's a gun so little to suggest you can play a certain way, but i'm a go. all right and really took my, she with a jim, you mean you were the one that was you see what, you know? grains can you able to be mr. if you got, i mean you fascist them, it was an issue with the one with general go see, but you must get a

it will be a great diplomat and much of jerome jose lived in russia for almost 20 years and left some rather curious accounts payable for speaking over here as well. if you will double check it in, i told them you were rich lindsey's me. only car was one of our well, so to the st. jude, the she miss way that, that you'll be. she was way around the driveway. got dory, i be shipped to the dealership area. i believe that went to the source on the could use with us that you she's the only was designed for can i wanted to specially scrub your teams. so please if you get the commission, jason details put in his life. ross lady by month will swollen vacations will be sure to lean on your bill. yours will know position you can warranty the if you rotate them with jerome. mushroom really drew on diapers each 9 years, which died here. you see as me, posted to for a couple doesn't, particularly for, for she has lee and yet you more even though you have to communities can with new kids. she missed what piece you know with it is last year when the ration like a book, mcwilliam branch, the river fr

we'll be doing a little boy, a great diplomat and merchant jerome jose lived in russia for almost 20 years and left some rather curious accounts cider bill. chris really came over here as well. if you will double check with them 0 me only car was one of our well, so the st. jude the she miss way. that very easy to be. she was way around the structure. got dory. i be. she's to the dealership area. i believe that went to live source on the car dealers with those that you, she's the only was i spoke and i wanted to mutually scro. you see me so please, if you beat the commercialization details put in your life. russ, ladies need help by men through stolen indications with pictures, italy and you believe also no pollution, you can warranty the if you rotate them with jerome. mushroom really drew on could tie. it's a parent, each line. yes. which data you see as the processing for doesn't particularly for fuels lee, and yet you more usually with the invasion you case you missed with dish, you know with my feel when the ration like a book mcwilliam kind of the river free slowly through the

jerome jose lived in russia for almost 20 years and left a rather curious account cider mill. chris really can all go as well if you will definitely, cheaply and i told them that you were rich lindsey's me. only car was one of our well. so told us that institute the she miss way that very easy to be. she was way i could only drive got dory. i be. she's to the dealership area. i believe that went to the source on the could use with us that you she's the only was i spoke and i went to substantially school. she was supposed to be. the commercialization is putting his life. we're asked me about my mom through the stolen and cooking saltisha, richly new believers will know because she knew what mom can warranty the if you were okay with them with jerome. mushroom really drew on, but i it's a parent each line. yes. what should i tell you she hasn't posted to for those a particularly for, for she has lee and yet you more, even though you have a full screen with a new kid, she missed a piece, you know, with the ration like up with a kind of the sports, now some of those can you see of

we'll give john to avoid a great diplomat and much of jerome. jose lived in russia for almost 20 years and left a rather curious account. we'll chris really can over here as well. if you will double check a lindsey's me only car was one of our well. so put us 3 said you'd be she missed wife that, that i used to be. she was way around the driveway. got dory. i b, she's still in the dealership. i believe that went to the source on the car dealers with those that you she's the only was ideas book and i went to substantially school. she was supposed to be the commercialization details for the new life. ross lady's name of my man through stolen cooking saltisha richly new believers, will know position you can warranty if the, if you rotate them with jerome. mushroom really drew on. but i it's a parent each has 9. yes. which if you see at the persons for those particular procedures, lee, and yet you more even though you have so you can if you had a piece before you can eat with nick if she was with dish, you know, with last year when the ration like u

and jerome pals made it abundantly fair that he's not interested, not at all. a told christina will guard this last last year and nothing's changed. nothing's changed from his policy statement. it gives lip service to climate change every once in a while, just to satisfy them. this is satisfy the, the harpies on capital hill. but for the most part, there's a fundamental disconnect going on and the. busy pals, doing what he thinks is best for the united states, and he's going to let the chips fall where they may around the rest of the world, and that includes quote, unquote, our allies in europe. yes, president joe biden says that the americans are overwhelmingly concerned about the states of us democracy as he seemingly shows no regard for the ongoing economic turbulence. while he encourages people to gotten boat or something else, the stake, democracy itself. i'm not the only one who sees it. recent polls have shown an overwhelming majority of americans. believe our democracy at rit is at risk that our democracies under trick they to see that democracy is on t

jackie: jerome powell said part of raising rates is to cool down the economy and it will have an impactet. you will see americans lose their jobs and i think you're bringing up a great point here because in the spring and over the summer we saw some companies say, we've been cautious about hiring. we're freezing our hiring, not necessarily these big job cuts. now the job cuts are combing. you know, many bank ceos are on the record saying 2023 we'll be in sort of a recession. how deep remains to be seen. what do you think? >> i don't think this is good for large corporations but i do think this might provide an opportunity for small businesses that have been hurt sew bad so bad over the past couple years. what the labor force participation rate continues to decline. that could hurt long-term economic growth and hurt productivity. that is one of the reasons small businesses are struggling on top of large corporations paying higher salaries and poaching small business employees. small businesses have gotten screwed the past couple years. the one positive like i said that small businesses w

that's because fed chair jerome powell will be speaking this afternoon and the markets treading wateril we hear from mr. powell. let's bring in eddie ghabour whose been right for many many months, years? eddie you've been right on the money. let me begin with this question though. do we see a santa rally? do you see a santa rally? dagen mcdowell said in the previous hour, you know, intoxication can lead to all sorts of irrational things, but what say you? >> i do not think we're going to get a santa rally. i think best case scenario we stay range-bound here as we're through the month of december, and then we take the major leg down into the first quarter, but the one thing that we need to see for a santa rally is we need to see this inflation data, we're going to get inflation data tomorrow, job data on friday, and then on the 13th is the biggest date because we get cpi. if we see another significant rate of change drop there, then i think you will get follow through and you'll see a santa rally. i just don't see it. again, best case i think range dayton bound but make no mistake i th

michelle you first on the signal you got from jerome powell?not sure it was so much of a shocker that we have a ways to go but how did the market interpret it, overreact, what do you think? >> i think right now he really tried to be doveish and hawkish at the same time. it is an absolute reflection of the dilemma we're in. do we drive further into recession at the risk of reducing inflation, or do we worry about recession and let inflation run hotter. he didn't really answer that question which is why the market may have overreacted initially because today we had the ism numbers and the market started roaring back. so it is really going to be, i think right now two very important areas to look at in terms of forgetting about talk and what people are analyzing and saying. just look at what the long bonds do right here because if they start, when i say the long bonds, i mean the 20 plus year bonds. neil: right. >> if they start falling in yield with the shorter term still rising that shows that the market is worried about recession. which means t

mentioned, on wall street it proved to be a volatile session as investors reacted to what fed chair jeromerate rises. if we look at asia, japan is fairly muted. hong kong is down by almost 3% but hong kong often reflects what is happening in mainland china. concerns in china about a disease micro—lockdown policy, currently under way. let's look at the next board, to show you the full out in the us —— a covid lockdown policy. the nasdaq falling these markets initially were trading higher. fiona cincotta is market analyst at city index here in london. good morning. markets were reacting well initially to what they knew was coming but then it was the comments that followed that has investors worried. ., , followed that has investors worried. . , , followed that has investors worried. . , ., worried. that is exactly what happened- — worried. that is exactly what happened. the _ worried. that is exactly what happened. the market - worried. that is exactly what happened. the market was l happened. the market was expecting that rate hike, and if we think about the lead up to this meeting, the mar

he's going to sink this one in extend the pelicans lead, jerome shows off his speed.d sign for the layup in the fourth quarter here, jerome had a big day for the warriors. round science points, shooting seven for 12 from the field. but with all of those starters sitting out it just was not a good look from the start late in the fourth. larry nance jr just slams one over anthony lance. the pelicans win 1 14 1 of five, extending the warriors losing streak to five games got to run. i think next week will be a great opportunity for us to get a lot of work in execution wise at both ends and work on our rotations. we're going to change up the rotation is a little bit and i've got an idea of what i'm going to do. but the staff talk about it in the next couple of days, and most solidify that so there should be a good week for us to get back on track. and now to our high school football game of the week. saint patrick saint vincent high school hosting st mary's a battle between two undefeated teams. senior night tonight at st patrick st vincent picking up action in the second

jerome and a whole team here, and uh huh. bye for now. i ah. across the u. s. millions of americans rely on conservative talk radio shows for the news and entertainment. these are all real issues for real people. the listening post tunes in and asks is talk radio divided america. there is no room for capitalism unless more of how democracy work is really just acknowledging differences that are already there. if anything, conservative talk radio created the republican party, talk to of a to hawk special on that. jesse. what's going on in vladimir putin's mind right now? could this war go new player is being on that front team, the golden ticket to electro victory? can americans agree on any immigration policy? is there a middle ground between 0 tolerance and open borders? the quizzical look us politics, the bottom line. what's most important to me is talking to people understanding what they're going through here at al jazeera, we believe every one has a story worth hearing. in the light of the open sea, hides the dark secret men forced to work without paying

and jerome pals made it abundantly fair that he's not interested, not at all. a told christina will guard this last last year and nothing has changed and nothing has changed from his policy statement. it gives lip service to climate change every once in a while, just to satisfy some. this is satisfy the, the harpies on capital hill. but for the most part, there's a fundamental disconnect going on and the powers doing what he thinks is best for the united states. and he's going to let the chips fall where they may around the rest of the world. and that includes quote, unquote, our allies in europe. but us all from me, peter scott's, but nicky are and will be taking you taken over to take you through this week's top stories. thank you again for watching. ah ah. i met representative sykes at a rally in washington, d. c. o t introduced his dentist flag to a gathering of mississippians who had travelled there to demand a new state flag. okay. and by lawrence as i love this because and the thing is, you know, we had a discussion with us that i saw this flag and fell

shery: the chair, jerome powell.lar to remain soft as investors fixate on the feds a slowing rate hike while downplaying the higher terminal rate. joining us now is ken cheung the chief asia affect strategist at mizuho bank. how much weakness do expect in the dollar about a potential pathway to pause? >> yesterday, he was still stressing the medium-term rate hike path may be higher than he expected. i think markets are more interested in the slowing pace in the soft term. he has confirmed 50 basis point hikes in december. the market -- they were being wrongfooted by the fed. over this year. even though powell is warning of higher interest rate paths next year, markets are still focusing on the slowing rate hike pacing. that's why u.s. remain soft. until the year ends, there was some repositioning for the u.s. dollar. it has an uptrend so far this year. the downward momentum will continue in the near term. there will still be some down sides for the u.s. dollar. until the fomc meeting reviews the rates are projected.

jerome if you could come up, it would be great. we are also honored to have with climate depot publisher marc morano the author of the 2021 book green why the green new deal is even worse than you think and the author of the bestselling 2018 book the politically incorrect guide to climate change. he's also the award winning producer, writer and host climate hustle, a firm in 2016 and hundreds of us theaters. his newest book, the great reset global elites and the permanent lockdown, was published in august 2022. mark, if you come up, please, and sit back. yeah, if you could both take your seats, that would be really. well, an economist the politics of climate change are fascinating to me because as an economist, i know that many the solutions just don't add up. and for example, the idea that we have all battery powered electric vehicles by 2035 and that auto are committing themselves not to produce the internal combustion engine at a time when only 5% of americans are these vehicles is very surprising to me as an economist. also the