it, charles, this literally right now is a one-on-one heavy weight boxes championship between jerome powellump. i feel like donald trump's instinct is that he is actually playing powell. if powell cuts 50 basis points, trade war is off. donald trump is going to strike a deal with china. this is a deeper level what is happening right now. so i think we'll see 25 basis point cut. otherwise powell knows that the market would go down 10, 15% over the next six months. i think he will cut for that reason alone. charles: i got to tell you, courtney, no president has been this open and vocal, no other president had twitter either but not just the president. wall street wants to see this. wall street has a history of bullying the federal reserve. ask janet yellen. after a decade with no interest rates hikes, she raised 25 basis points the market fell completely apart. they sent her a message. guess what? she got it loud and clear. there is a lot of messages for powell, including fact he doesn't want to see as federal reserve chairman see a recession on his watch. >> i have to agree with that. a coup

the bottom line, jerome powell is saying all the right things. but from a commodity viewpoint, commodity traders have been suffering with a low-inflation and they want to see activity and been hurt by the u.s. china trade war which has been inflationary for some of these other markets. i think the push for inflation is definitely going to help commodity. >> can i get a shout out for something obscure, did you see peugeois85% of what it's used f, converters and cars which helps clear the omission air. i found that fascinating there is a shortage. we won't ignore all investments to look at stocks, it's important to point out things like that, slightly below 1800. but that was a big deal, let me just geek out about that for a moment. tell me what your thoughts are of what chairman powell does now in the meeting in december. >> you have to understand jerome, the lawn della, absolutely perfect, he was able to say we are not going to cut rates, we will not raise them, the economy is in a good spot and will go to the 2% inflation, we have your back but

jerome powell says not to collect quantitative easing. mature why it matters if that's the effect it has. what kind of affect can we expect getting back into the treasury markets? he's worried about the message because quantitative easing has been associated with the financial crisis and a deep recession. he's trying to say this is just massaging an economy midcycle. many are increasingly not believing that, but it is what he is trying to maintain. it's clear he is pumping more liquidity into the market which should boost assets. isn't enough to control the narrative? -- is it enough to control the narrative? that is what people are debating. are not getting enough liquidity to counteract a severe slowdown. thought that one of the bets that held mentioned would be less talked about because he talks about re-buying. i thought it was interesting how clear he was that they will cut rates towards zero. but to me, he was going look, we will cut aggressively. he may not have the knowledge that, but they will be forced to acknowledge it. and whe

well in his press conference after the announcement fed chairman jerome powell explain the thinking behind the decision we took this step to help keep the u.s. economy strong in the face of global developments and to provide some insurance against ongoing risks business investment in exports remain weak and manufacturing output has the climbed over the past year. sluggish growth abroad in trade developments have been weighing on those sectors. looking ahead we continue to expect the economy to expand at a moderate rate reflecting solid household spending in support of financial conditions but let's get more on this from our financial correspondent yens quarter in new york is what's come from the fed today what we were expecting him. it was precisely what we expected there was also a change of wording in the statement of the federal reserve and that is hinting that this 3rd rate cuts in a row might be at least for now later in the press conference to roll also mentioned that something material would need to change should to justify in other rate cuts so that makes it less likely that we wil

jerome powell says it is time for a pause with monetary policy in a good place.f a handshake in doubt as chile cancels the apec summit

the top dog at the fed to the right of lyle right there, chairman jerome powell, just kicked off the event about an hour ago and said overall, the economy is in a good place despite some risks. markets started hitting session highs, i would say moments ago, but they have been propelled all day by two rockets. the september jobs news which also shows that the economy added 136,000 jobs, and a booster from president trump, who again promised just ahead of monday's trade talks that quote, we have a very good chance of making a deal with china. that would be a trade deal. how do you trade these wild markets, because monday we were dropping, right now the dow's up 286 points. well, fox business is invested in you. we've got for you one of the original market wizards. the godfather of system and trends trading, larry height of mint. he's here in a fox business exclusive. his hedge fund was the first to hit a billion in assets under management back in the '90s. he will tell you about his unique run from a blind, dyslexic child in brooklyn to the top of the wall street hedge fund mountain. p

what guidance will we get from jerome powell?omberg radio live on your mobile device or digital radio in the london area. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. let's turn to the fed and it is decision debuted the u.s. central bank is widely expected to lower interest rates by 25 basis points for a third consecutive time this year. investors crossing that 90% likelihood of a cut. while this cut would be insurance against local risk, the fed is inspected to signal it has done enough for now and won't continue to ease. joining us now is jim mccormick. that is still a big question in the air, what jerome powell is going to signal and how is he going to do it. you actually expect three cuts after today, all by the first half of next year. that seems pretty aggressive. jim: that is. i think the point we make is this fed has made three messages clear about its policy framework. one, it has done a very bad job on its inflation targeting. then, within the zero bound, the two points they have made is when you see

it could get ugly quickly, and jerome powell will try hard not to do that. has to be precise and he has to please the bond market and the equity market at the same time. anna: let me ask you the about thef the day, u.k. election story, how best to .rade the brexit election we have seen markets trying to work out when the next big politically that might be an position accordingly around it. now at least we know the date. mark: people who have to trade it will use the option market, and you will see it skewed between the short-term and long-term. they will pick out the dates. thank you very much, mark cranfield from the mliv blog. you can join the discussion, contribute your answer to the question of the day which is how to trade the brexit election. you have some time to do that on your bloomberg terminal to participate in the conversation. let's get to the first word news from hong kong. the u.k. is set for its first december election in nearly a century. it is widely seen as a referendum on brexit. voters will get the last chance to choose between different

noting that we are monitoring remarks from fed chair jerome powell, he is speaking at a fed event hostedythe county city fed descant city fed. -- posted by the kansas city fed. let's talk to jenna henry. let's start with trade. deal, is't get a trade the u.s. heading for a recession? there are various stages to that question. if we don't get a trade deal but don't get the additional tariffs in october and november and december, then we kind of muddle through as we are. but if we get all of those tariffs being implemented, then yes the chances of recession will grow. guy: in that environment what you think the fed will do? janet: we are not there yet and this is what the fed is trying to tell us of the moment. our forecast is that the fed will cut one small. it is absolutely your typical midcycle easing. i think this is really what jerome powell was talking about yesterday saying we are data dependent which is another way of saying we are not on a preset course. but actually we are not sure we've got the right data to be looking at and when you are in this world, you're back to judgment a

for afo short while today commes from fed chairman jerome powell helped cut market losses in half.h short lived it's a minder how pau p the central bank can be. steve repliesman tells us what the chairman said and why it's important to investors. >>> fed chairma jerome powell seven times tuesday said interestate policy whether they go up or down depends on n the data. the economic datat is. he added the economy is e in go shape overall despite some troubles on the horizon. being sbajters cmo a strong labor market with solid job gains, unemployment at hal century low a rising prime age labor force participation. but there are risks to the favorable outlook. principlely from global developments. the growth around much of the world has weakened over the past year and a half, and unceainties trade around trade brexit and other issues pose risks to the outlook. >> what's it mean for the outlook for rates? powell did appear mostly nurmt out the late october meeting. markets took the comments as affirming expectations for another rate cut. jp morga writing in a commentary after the speech

so a signal of pause from jerome powell. but the market doesn't seem to buy it. right to trade the way it is in reaction to powell and the news conference? >> well, the long end seems to be not big it. and still rallying the but if you look closer at the shorter end, the probability for december rate cut has been lowered even further to now 15% only from about 20% before the meeting. interestingly, it is now a very similar level where it was in september after the last rate cut. and we know what happened since then, of course. the probability has converged to 100 and now -- obviously it will depend on the data whether we will see the same thing. and clearly the next couple of days will be crucial already in that regard. manus: if we look at the data, cristoph, good morning to you and this is where perhaps the fed wants to reinforce this pause rather than the market's hurried nature for another 25 basis points in 2020. in terms of the data, what's your view on inflation? >> well, inflation in the u.s. actually has picked up beneath the surface. a bit more than som

speaking of which, later in the hour jerome powell talking up the labor force.some yellow flags that are emerging. what you need to know ahead of tomorrow's jobs report. did elizabeth warren say the cost of "medicare for all" could be millions of lost jobs? wait until you hear what she had to say. next. [grunting] [maniacal laughter] gold. gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale. charles: presidential hopeful elizabeth warren still hasn't released her plan how she is going to pay for "medicare for all" but she might be preparing her base this will not be an easy fix as many were led to believe by agreeing with one economist who actually suggested that the plan could kill two million jobs. >> even supporters of that approach within the health policy world have said that likely would mean lost jobs in some form. politicians who want to move toward that system, "medicare for all," have to think about

charles: thank you, very much, all eyes on jerome powell. great to be back. markets are up. airman powell will hold a question and answer session called, the fed listens. he is expected to address today's jobs report and this week's market volatility and a slowing world economy. trade worries will come up as well. let's bring in edward lawrence with more on powell's comments. reporter: exactly what he was saying. he already started speaking. chairman of federal reserve jay powell says the economy is in in a good place. it is the fed's job to keep it there. what he has not said in the news conference and last fed statement that the fed will do what is necessary to keep the economic expansion going. he is speaking at a fed is listening event at the headquarters in washington d.c. where they make the decision whether to cut interest rates or not. powell says the inflation is running close to or just and 2% target range. some members of the fomc that the inflation under that target is a big deal. more people are making more money, yes, but that is not enough money there to put in

for the repo blowout whoever instigated it comes in real handy so fed chair jerome powell his explanation on tuesday and the f.o.c. m.c. mediate minutes released yesterday were a bitter disappointment for the crybabies on wall street the broker dealers and banks that expected a massive bout of q.e. and perhaps some of the players a gleefully contributed to or even instigated the turmoil in the repo market to make sure they would get that massive bout of q.e. as the fed would be forced to calm the waters with q.e. the theory went this q.e. would include big purchases of long term security some push down long term eels and drive up the prices of those bonds these crybabies are holding or have bet on with derivatives so apparently these crybabies these primary dealers in particular and there's 24 us informed broker dealers and banks to have an authorized to deal directly with. the treasury they've been stockpiling $161000000000.00 worth of longer term securities and they've been betting that the child you know everybody's been asking why are who's buying these at such low yields when they're

what is getting a lot of attention, jerome powell hinting at future.w down about 10 1/2 point. charles payne will take you through a very busy hour. charles: very busy hour. thank you very much, neil. i'm charles payne, this is making money. breaking right now we're moments away what the central bank will do with interest rates. we're expecting a quarter point rate cut. this is the their time in three months. at 2:30 we'll hear from chairman jerome powell on the state of the economy and global growth conditions. investors like will insight to the big question what is the fed's path forward. we have word and phrases that will move the market. stocks are flat despite the fact u.s. economic growth, came in faster than expected last quarter. that is thanks to very strong consumer spending big time. we saw a huge boost in residential investment. homeownership at highest level since 2014. commerce department says that the gdp grew at seasonally adjusted annual rate at 4.9% last quarter. big news going into this. edward lawrence. at the federal reserve live n

they made that very clear when jerome powell was speaking.would need serious inflation for the fed to consider raising rates anytime in the future. it almost gives an asymmetrical biased to the market, what the fed is saying is that we are on hold. if there is we data, we would cut rates again. if inflation takes up, we will look through it. we call it a temporary move and we will worry about that at some other time. from the market point of view, this is a good scenario. they can be sure that rates have come down 75 basis points. .hey will stay there at least that gives businesses more confidence. they can plan going ahead. people can focus on what is really going on. when you have positive earnings, that helps the stock market. the bond market can go sideways there. people can start looking at other fundamental pictures as well. if we start to get some reasonable data, we saw the gdp in the usa wasn't too bad. we have seen data in asia today which is really good. ip beat for japan and korea. the goldilocks scenario is not too far-fetched. f

charles: in moments fed chair jerome powell will follow federal reserve decision to cut rates. is is third straight time. what does powell need to say in wake of this move, particularly what happened in the past? what should investors do now that the fed got to this point? joining me to discuss, clear state advisors managing director james awad, fox business's jennifer schoenberger back with us as well as danielle dimartino booth. you had a chance to go through this. the initial headline was a change in the language. are there any other kernels that jump out at you we should be talking about as well? >> look it, it underscores the fed thinks that they should take a step back and pause right now. powell sort of telegraphed that when he said previously that the fed was working under the same realm as mid 1990s when they cut three times, took a step back, wanted to see how things worked through. if you looked at the minutes from september actually, several members thousand it would be food to telegraph in the statement when to recalibrate its policy, based on trade uncertainty. so

and comments from jerome powell. us, an fx strategist at mccoury, and the director of global equities at mng. great to have you both with us. on yourome to you first expectations for today, the jobs report, how that will add to the picture around the weakness in the data. what have you made of the weak data this week? guest: it has been surprisingly bad. they were backed up by the nonmanufacturing seen as a pattern that serves the sector globally above because it is backed up in the euro zone. today is a crucial jobs report. whatll justify or temper is priced in for fed rate cuts. we are not looking at basis points priced in until the end of the year. we think the biggest risk is a strong report that drives people back into the dollar. talking in, we were the meeting this morning about whether good news is bad news. is bad news good news? when it comes to the nonfarm payroll number, when it comes to the economy, our equity investors really going to take it positively if we get disappointing economic news? guest: good

fed chair jerome powell expects the u.s. expansion to continue and expects the central bank will grow its balance sheet. >> the growth for reserve management purposes should be in no way confused with the services we do bloi after a financial crisis >> brexit talks are on the verge of collapse. >>> here in london, saudi aramco's ceo will be in full output the ipo could be published by the end of this month. >> good morning. welcome to "street signs." i want to take you to the price action we've had markets were off we had a heavy session the dow down 2%. s&p down 6%. tech, nasdaq down. as tension is heating up ahead of those all important trade discussions set to take place tomorrow the latest develop that the u.s. is applying visa restrictions in addition to adding more and more companies to the black list. this is the first time we are seeing the u.s. wrap in human rights concerns into the economic dealings. reaction has not been very positive a negative tune and session for asian markets. by the end of the session, it was

sector in the broader area of cargo then also the federal reserve meeting from the day prior where jerome powell pretty much hinted that we won't see any more rate cuts anytime soon i guess those were probably the main reasons but you mentioned the conflicting signals that we get from the trade talks on one side we got reports from private conversations from chinese officials that they're doubtful about a long term deal between the 2 biggest economies in the world and then on the other side donald trump and tweeting that there will be a signing of the phase one deal pretty soon so pretty conflicting environment overall as court in new york thank you. and now to some of the other business stories making news mall the owner says it's taken a $4500000000.00 hit on its investment in the cigarette maker jewel to paint nearly $13000000000.00 for a 35 percent stake in the vaporing firm only last year but the deal has gone sour thanks to a crackdown on v.p. by u.s. regulators boeing says cracks have been found in up to 15 of its popular 7 $37.00 planes after global inspections 2 of quantas jets are repo

benchmark rate by a quarter of a percent a range between 1.5 and 1.75 percent for you chaplain jerome powell has been under pressure from president trump to cut rates to 0 or even low up the fed told investors it would pause to reassess the economy before making further cuts. in his press conference after the announcement pollitz flame the thinking behind the decision it's. we do not. later we go to our financial correspondent in frankfurt instead it. is stunning by the. rate cut did versus think the fed is done cutting rates. and that's really are skeptical for now going into this meeting the real question wasn't if the fed was going to cut rates that was pretty much expected it was how is your own power going to talk about the future cost for rate cuts and the current state of the economy he sounded pretty optimistic yesterday he talked about how resilient the economy had been he talked about lower about how the trade tensions were sort of abating and how that was sort of it making progress but i think for investors they are not really buying that at this point if you look at some of the m

fed chairman jerome powell said an effort to avoid a repeat of what we have seen in money markets is we heard from powell today. we have heard from the fed. they will extend these short term purchases for a while. some questions about whether this is key -- whether this is q.e. or not, but at the end of the day, this is support that clearly seems to be needed based on what we have had. >> yes, and i think it was surprising to markets that we heard from jerome powell in advance of the rate decision in october, because he even said whether they are going to cut rates or leave them steady, there are several weeks where we will be data-dependent, but he said, "we are doing this, be bypared, and it is not q.e., the way, and everything. will be fine. " itaine: i think we can run here, him talking about the balance sheet. chairman powell: the growth of our balance sheets should in no as what wesame deployed after the financial crisis. neither are the recent technical issues or the purchase of treasury bills we are contemplating to resolve them. they should not cheerily alter monetary policy.

we are just 24 hours away from the fed decision tomorrow with stocks at record highs jerome powell doomed to disappoint the market. >>> mullenburg, the boeing ceo testifying about the safety of the 737 max. we have the details. >>> grub hub's failure to deliver. shares are cratered down 40% wall street abandoning this stock. a top analyst explains why they are waving the white flag. "power lunch" starts right now >>> let's take a look at where we stand with the markets. the s&p 500 off a record high earlier. the dow is higher but still about a percent away from its all time highs now up just about .03 of a percent >>> another rate cut is expected steve is looking at that and a key issue troubling the fed in the cnbc fed survey. >> let's take a look at what the implications are and then we'll sge get into that issue. 79%. a bit on the low side for some but it's a clear and strong majority expecting that rate cut. they is sort of kind of one more cut after october of some kind part of the issue right now, the odds of recession picking up to an 11-year high at 34% part of the issue right the

federal reserve chair jerome powell indicated that the new official interest rate of between i.5% and was an appropriate rate, suggesting he is downplaying expectations of any future rate cuts. he said, if economic indicators remain the same, resilient household spending supported by strong jobs growth and an inflation rate near the 2% target, then the bank expects moderate growth. he was also upbeat about development in global trade. as with brexit, it's still quite uncertain what will be the result of the election, and what the ultimate result will be. but i would say that the tail risk of a non—negotiated no—deal brexit seems to have decreased, just as i would say that the situation in our trade negotiations with china seems to have taken a step closer to resolution. trade developments aside, the bank will be monitoring risk factors including lower business investment, weaker exports and declining manufacturing output. federal reserve chairjerome powell did say the us economy faces significant long—term challenges, such as income inequality, but he said that is for lawmakers to dea

date, want a specific jerome powell since 2018 increasing rates four times saying inflation will head and suddenly he switches on january 4 saying he will be very dovish because the difference was in the second half of december, the market cratered, so the fed is essentially following a policy where the equity market dictates what they are going to do with very little to do with the economy and inflation which is supposed to be their main target. the members are confused. i can understand it because there is no clear policy. it is not as if the chairman can enunciate what policy he is definitely going to follow for the next six months, let alone for the next year, and that is why the members as well as the markets remain very confused on the next steps. paul: stable market and jobs, the dual mandate that seems very simple, but it's been clouded by other concerns about slowing economic growth, the trade war concerns. i guess in this environment, can you see rates potentially jaying back to zero and powell's "it's not q. week" suddenly becomes "it is qe" in the next few years. toright n

benchmark rate by a quarter of a percent to a range between 1.5 and 1.75 percent of fed chairman jerome powell has been under pressure from president donald trump to cut rates to 0 even lower on the federal reserve told in bed. it would cost to reassess the economy before any further cuts. let's go to the stack of change that he's a young accord to to get the latest news on the training flow good to see you say yes is this a decision that you were expecting. it was widely expected and you could call it didn't prevent a 1st strike go we have seen some signs that the u.s. economy is still growing but not as the pace in the recent past and therefore this decision to cut interest rates for a 3rd consecutive time and if you look at it a bit closer we do see. business investments and exports struggling a bit and then on the other side we still have a rather strong labor market and was that solid consumer spending yes read the tea leaves for us what do you expect the fed to do in the coming months. you know what the most important part was that they actually did change the wording a bit everybody exp

. >> thank you very much >>> we have a news alert from jay powell >> jerome powell and a form earp fed chair to talk about the need for fed independence from politi politics you, of course, know jerome powell has been the recipient of much criticism from the president about the fed's interest rate policy powell quotes a plaque on the building in washington which says, quote, the central bank must be absolutely free from the dangers of control by politics and he twice mentions the word independence in the speech there. this is about as strong, kelly, as you know, the fed chair would get in pushing back against the president and his criticism. >> especially when he wasn't expected to make any comments. the fact he made them with the implications they have speaks volumes. >> we knew he was going to make a comment, kelly we just didn't know he would choose to take the opportunity to talk about the fed's independence on this eckels, the federal reserve act of 1935, was involved in the treasury federal reserve 1951 so there's some history there and powell not letting it be lost to inform the

jerome powell said wednesday, the economy faces risks. >>> the holididay shopping seas quickly approaching. target, looking to revive the toys "r" us brand. shoppers can pick up orders in target stores or have them delivered. the cost of the deal is not disclosed. >> thanks to our international viewers for joining us. >>> for the rest of our viewers, "early start" continues right now. >>> we would, if they give us our rights. it depends. >> as democrats debate an impeachment vote, president trump is less than clear on whether he would cooperate. >>> at least eight dead after turkey launches strikes in northern syria. a senior defense official tells cnn, it's hurt the ability to fight and contain isis. >>> just hours, nba commissioner adam silver was set to make remarks on chinese soil. but will that even happen? a foulout from the pro-democracy tweet that the chinese cannot even see. >> you wonder if the game is canceled. thursday, october 10th. 5:00 a.m. in the east. democrats are taking a harder line against the trump administration's stonewalling of their impeachment investigation. the

donald trump is not a fan of jerome powell. i don't know if he tweeted anything today. jonas, i'm wondering in the president will feel that this is enough to security this continued recovery and that nothing will endanger it before a year from now when i think there's an election. >> probably not. the feds seem to say they're not going to lower rates anymore unless things get bad. this is the three times it's been done basically. i think the president is going to think you should cut a couple more times. he's going to say that anyway whether it's true or not. might be true. he was right about rates needing to go down in the first place when the fed was raising rates mode. the market, everything is good right now. nothing spectacular going on. the gdp numbers just came out. the fed says it's all great. the only fear is what are they going to do when the recession comes and what is the government going to do? we're running deficits like it's a stimulus program. there's not going to be another tax cut package and fed cut package. we'll have to go to a 0% rate -- >> neil: t

. >> next, we will hear from federal reserve chair jerome powell on the state of the u.s. economy.

economy and trump twitter target jerome powell peter schiff of euro picture for the u.s. economy and trump twitter target jerome powell peter schiff of euro pacific capital joins us shell to help us make sense of the potential rate cut and as we go to pacific capital joins us shell to help us make sense of the potential rate cut and as we go to break here are the market numbers at the close. here are the market numbers at the close. i'm going to get a triple. you could put probes overseas is. possible to the people that come out you know we all but to the people that come out you know we all pots. suppose. you read. the. list you read pretty. much pretty. much. pretty good. now you're screwed. pretty good. now you want to 1st correct that. you know. you want to 1st correct that. no. ball be cut cut. or. cut cut. join me every thursday on the alex simon show and i'll be speaking to guests of the world join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then the politics sports bu

chairman jerome powell. we are seeing global growth slow.eanwhile in europe, finance ministers meet in luxembourg as an economic startsn in the region material i's. lastly, talks between the u.k. and eu over brexit have broken down. eu president jean-claude juncker will be addressing the european parliament in brussels today ahead of the eu summit on october 17 and 18, which is the last time brexit will be discussed, surely not here, but there, before the october 31 deadline. of course we will discuss it every day, pretty much constantly from then until the 31st. let's get the bloomberg business flash from hong kong. saudi aramco is expected to publish its ipo perspective before the end of the month. that's according to the wall street journal. the paper reports it will come out in arabic on october 25 and in english two days later. a decision to go ahead with the offering will probably be made after november. the journal set aramco did not officially comment. has been johnson ordered to pay the largest jury award this year. the verdict is o

characterized the us economy as strong led by solid fed chair jerome powell characterized the us economy as strong led by solid consumer spending but threatened by factors such as global weakness china u.s. tariff warm summer spending but threatened by factors such as global weakness china u.s. tariff war and uncertainties associated with gregg's it this however is interesting because the and uncertainties associated with gregg's it. this however is interesting because the threat of a no deal breaks it has substantially diminished the odds of a trade deal have the threat of a no deal bragg's it has substantially diminished the odds of a trade deal have risen so these excuses have been nullified and yet we cut rates for a 3rd risen so these excuses have been nullified and yet we cut rates for a 3rd time why would we do that if the under of economy is time why would we do that if the under of law economy is strong on top of cutting let's not forget that the fed has been back strong. on top of cutting rates let's not forget that the fed has been buying bonds again yet officials s

characterized the us economy as strong rates lower fed chair jerome powell characterized the us economy as strong led by solid consumer spending but threatened by factors such as global weakness led by solid consumer spending but threatened by factors such as global weakness china u.s. tariff war and uncertainties associated with it this however china u.s. tariff war and uncertainties associated with it this however is interesting because the threat of a no deal breaks it has substantially diminished the obvious interesting because the threat of a no deal brags it has substantially diminished the odds of a trade deal have risen so these odds of a true bill and have not risen all of this excuse and yet have been notified and yet we cut rates for a 3rd time why would we do that if the under the law economy is cut off for a 3rd time. why would we do that on the top an economy of cutting is strong. let's not get top of cutting rates let's not forget that the fed has been buying bonds again yet officials still insist that it was that the fed has been buying bonds again yet officials

economy and trump twitter target jerome powell peter schiff of euro pacific capital joins us economy and trump twitter target jerome powell peter schiff of euro pacific capital joins us show to help us make sense of the potential rate cut and as we go to break here are the market numbers show to help us make sense of the potential rate cut and as we go to break here are the market numbers at the close. at the close. what hope to. put themselves on the line what hopes to. put themselves on the line to get accepted or rejected. so what you want to express to get accepted or rejected. so what you want to be prez. someone wanted us. to do i. wanted. to do i would be impressed as the wife of a 43 a boy can't be good. for us as the wife of a 43 a boy can't be good. i'm interested always in the waters about how. interested always in the water is about how. i sit. i sit. during the great depression which i'm old enough to remember there was and most of my family were during the great depression which i'm old enough to remember there was and most of my family were unemployed or. other wasn't

economy and trump twitter target jerome powell peter schiff of euro pacific for the u.s. economy and trump twitter target jerome powell peter schiff of euro pacific capital joins the show to help us make sense of the potential rate cuts and as we go to break here on capitol joins the show to help us make sense of the potential rate cuts as we go to break here are the market numbers at the core. of the market numbers at the. all across the middle east and beyond there are large scale protests and growing political instability the middle east and beyond there are large scale protests and growing political instability in many countries the old ways of doing business but only in rich privileged elite while in many countries the old ways of doing business but only in rich privileged elite while the prospects for the many are few and far in between the elites have answers the prospects for the many are few and far in between the elites have answers. join. join me every thursday on the alex salmond and i'll be speaking to guests of the world probably every thursday on the alex s

the market expects it and we will wait for jerome powell, but will that weaken the dollar?er of the dollar the last 20 years has been movements by the fed relative to the rest of the world, and global uncertainty. the fed rate cuts are consistent with a 3% downside for the dollar in the six next months. the best measure of global uncertainty is at an all-time high, so the crucial swing factor for the dollar, if uncertainty comes down with a trade deal between china and the u.s., and no deal brexit risk is off the table, you could argue uncertainty indicators shouldn't be at an all-time high. if it starts to fade, the last thing holding up the dollar would disappear. nejra: still a big if. we are quite positive with the phase one, but a long way to go even beyond that. let's stick with the thesis that we do see a weaker dollar. translate that into the european equity strategy based on that? sebastian: three implications. first, the dollar weakening means more upside for commodity prices, like energy, copper, mining. secondly, clearly good news for the emerging markets. the m

fed chair jerome powell says the move is not designed as emergency stimulus but rather to keep the plumbingthe financial system operating smoothly. >>> let's turn now to luke lloyd to touk talk more about markets and what to expect next. ianestment strategic at strategic wealth partners welcome nice to have you here. >> fad to be here. >> we got a partial trade deal. the market up about 50 oh points and then lost b bter than 200 points. how do you read that? was the market sappointed or just looking ahead to next week? >> so day after day, the thing that continues to drive the market is the recent news about trade. and we're really trying to tune out the political noise right now and take a long-term perspective. we really believe that the -- we're in a trade range bound until a deal gets done which i hear partial deal i hear they can't agree on big a terms righ now. >> what does that do t the market? the big parts have been about the impact its having on manufacturing, and on agricultural especially. and that seems to be easing up a lilile bas with this partial agreement. >> absolutely. so

the purchases will continue into the second quarter of nextea fed chair jerome powell says the emergencymulus but rather to keep the plumbing of the financial system operating smoothly. >>> let's turn now to luke lloyd to touk talk more about markets and what to expec next an investment strategic at strategic wealth petners welcice to have you here. >> fad to be here. >> we got a partial trade deal. the market up about 50 oh points and thent l better than 200 points. how do you read that? was the market disappointed or just looking ahead to next week? >> so day after day, the thing that continuesri to the market is the recent news about trade. and we're rlly trying toune out the political noise right now and take a long-term perspective. we really believe that the -- we're in a trade range boundun l a deal gets done which i hear partial deal i hear they can't agree onig terms right now. >> what does tha do to the market? theig parts have been about the impact its having on manufacturing, and oncu agural especially. and that seems to be easing up a little bit with this partial agreement.

fed chair jerome powell says the ve is not designed as emergency stimulus but rather to keep the plumbingth financial system operating smoothly. >>> let's turn now to luke lloyd to touk talk more about markets and what to expect next. an investment strategic at strategic wealth partners welcome nice to have y here. >> fad to be here. >> we got a partial trade deal. the market up about 50 oh points and then lost better than 200 points. how do you readhat? was the market disappointed or week?ooking ahead to next >> so day after day, the thing that continues to drive the market is the recent news about trade. and we're really trying to tune out the politic noise right now and take a long-term perspective. we really believe that - the we're in a trade range bound until a deal gets done which i hear partial deal iear they can't agree on big terms right now. >> what does tha do to the market? the big parts have been about the impact its having on manufacturing, and on agricultural especially. and tha seems to be easing up a little bit with this partial agreement. >> absolutely. so right now int

economy and trump twitter target jerome powell peter schiff of euro pacific capital joins the show to help us make sense or target jerome powell peter schiff of euro pacific capital joins us show to help us make sense of the potential rate cut and as we go to break here are the market numbers at the close of the potential rate cut and as we go to break here are the market numbers at the polls. survival guide books. survival guide book stacy just to start. the story. you should. be sure it's. going to. repatriations. repatriations to get the rest a 70. percent prize for the 70. percent prize for. 3. during the great depression which i'm old enough to remember there was most of my family were unemployed working. there would have to remember there was most of my family were unemployed working. there wasn't it was bed you know much worse subjectively than today but there was an expat us and it was bed you know much worse objectively than today but there was an expectation that things were going to get better. of there was a real sense of hope taishan of the things were going to get better

you got impression from jerome powell, the boss, that he isn't too worried but has a few pre—emptiveith cutting rates. remember, he gets bullied and he says i am not listening to president trump, i am my own man, i am in independent central banker, that is true. that is the third cut this year, down to 1.75. this is helpful. couple that with what you said, phase one of the trade war, perhaps having some kind of sensible outcome. you could have a bit ofa of sensible outcome. you could have a bit of a central rally. this time last year between october and december, the s&p 500 and most us markets lost 20% in value. it was armageddon. i don't know if we're going to get this this year, but there is still a lot of talk that china is going to take a long time to re— galvanise itself, and the chances are recession could be with us chances are recession could be with us by the end of 2020. sorry. right — don't worry, you are allowed. we will talk more about that and the other stories in the papers today. that fed decision, and christine lagarde, the new chief at the international monetary fu

balance of power that our founding fathers put in place, and what the president's doing when he says jerome powell of the state, what you're really doing is degrading the institutional framework that holds our balance of power in place and, finally, the president is missing it on tone. you can say the right thing in the wrong way and no one is listening. in the congressional district i used to represent, lirltly working moms, soccer moms, millennials turned away in drove so much so that that district which has been republican the last 50 years went democrat all largely based on tones. so those would be for keys to where i'm coming from. >> trevor: that's interesting, bringing up tone and the way you say things. could it be construed that what you're saying is that what donald trump is not necessarily the worst but the manner he does it in is particularly bad? so would you be selling to people basically a pg version of trump's ideas? ( laughter ) no, i don't want to leave you misinterpreted because, when you say tone is major thing, do you think those voters went we like the policies but not the wa

thatit sounded yesterday jerome powell raised the bar for the next hike. it will be a long time before good news is bad news, good wage numbers, good in numbers, a good ism theory without worrying? conference, he talked about the bar for raising rates is very high. it was a dovish statement, a dovish press conference, precisely for the point you made. caroline: anyone talking about impeachment, brexit? >> i have a couple of algorithm traders who will ask me if this will trigger movement in asset classes. we are just not there yet. months to go, maybe even another year. >> soon, this is true. >> thank you so much. that does it for the closing bell. "what'd you miss?" is up next. we will be looking at pinterest's latest results. this is bloomberg. ♪ ♪ i am caroline hyde. joe: i am joe weisenthal. caroline: here is a snapshot. we are down on the s&p 500. joe: "what'd you miss?" caroline: chinese trade officials uncertain despite nearing a phase i agreement. october 31, the u.k. remains. pound traders look ahead to snap elections. inside facebook, i spoke with

viviana: jerome powell is facing pressure to cut interest rates again.g a 75% chance of a quarter-point reduction. airbus has been spared the full impact of new u.s. tariffs. president donald trump taking steps to keep planes built in mobile, alabama from the 10% duty. airbus will be able to ship components from europe to alabama without paying this tariff. in the u.s., airbus employs 4000 people. at least seven are dead after the crash of a world war ii bomber in connecticut. during takeoff, the b-17 had mechanical problems and slammed into a maintenance building after coming back to land. 13 people in total were on board. president is the promising new rules on labor and foreign investment. that would deliver on major reforms investors are demanding. the president saying labor law changes will only apply to new workers. that would help attract businesses who want to set up shop in indonesia. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. thi