not seeing that much on the inflation side or frankly on the financial stability side, either. >> jim bullarde, with that rosy outlook i'm done for the day here. i'm going to go fishing for the rest of the day because -- because as joe -- as jim said, it's as good as its ever been so there is no point in actually doing this anymore we have loretta mester coming up, i will be here for that. >> i'm waiting for the trump tweet, jim bullard good man. agrees with me that's coming out any second here he is a good man we don't need -- you know, don't work against us with what we're trying to do not yet. i don't even want to go to break because i think it's going to come up any second i'm kidding. >> he might be replacing powell. >> keep your schedule free. >> what are you doing later, jim? you got call waiting thanks, steve. >> i think i'm going to get coffee >> thanks, joe >> it will be the same price it was two or three years ago, which is your point. >> that's right. >> when we return except starbucks raises prices regardless of -- of -- anyway. corporate stories and stocks to watch this morning

tomorrow we of interviews with fed president jim bullard, robert kaplan.his is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. the bloomberg for foods. looking at alternatives to your favorite. this is the cover of last week's issue of bloomberg businessweek. we spoke to the ceo about changes in the company and how he is conducting his challenges including trade tensions. >> for everybody to understand is the u.s. is so incredibly competitive as it relates to agriculture and when there are issues that are creating uncertainty, that is not good for companies like tyson. we have to focus on getting to certainty. the uncertainty is what creates problems. forof countries looking feeding people and having supply chains in place they want to maintain. any disruption creates turbulence. protein isestic important, but exports are nearly as important in terms of making sure our system is healthy. >> we have a breakdown of your meat.e by meet -- i know beef did well last quarter. we have seen lower beef prices and so more demand for things like burgers, c

they are watching it and they are not overly concerned at this time, except for jim bullard who has notedtwo recessions the fed ignored the fact that the yield curve inverted. he wants to keep a closer eye on it. romaine: this fed seems to be looking at a lot of things in a different way. as a completely abandoned the taylor rule? michael: no. there are a couple of variations of the taylor rule. there are other roles that the fed uses. there are a number of monetary policy rules and they use them as guidelines. the staff prepares the recommendation of what the guideline would be under each role and puts them out, and the fed can look at those and make their own judgment as to how far off those rules are and what the rules are telling them where policy should be. they are not rules-based, they are rules advised. if you were using the taylor rule, you might be much tighter than we are today and that might send the economy into recession but you want to know what the rules are telling you about the future of right moves. romaine: he did cite this alan greenspan approach to monetary policy an

. >> all right a big interview with jim bullard. appreciate you thank you very much.w he vak withdrew wagss ordered in california the massive wildfires continue to burn unchecked plus >> full details on the story coming up. why did i want a crest 3d white smile? dinner date...meeting his parents dinner date. so i used crest. crest 3d white removes... ...95% of surface stains in just 3 days... ...for a whiter smile... that will win them over. crest. healthy, beautiful smiles for life. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. >> things should be fairly quite and maybe some what sane there this week. why do we say that congress is on recess. but there is still news out of washington d.c. for the trump administration reimposing sanctions on iran today. these are some of the same sanctions lifted under the 2015 nuclear deal they include automobiles, aircraft and metals. mike pompeo saying the sanctions are goi

especially after jim bullard, who is not a voting member offered some opinionated views this morning with steve liesman and saying we shouldn't move to invert the curve if that's a recession indicator, which he said it has been so many other times. green span and bernanke got it wrong. he's not voting on policy but his idea is maybe we should be done for raising interest rates. >> the way he characterized it pointing to the prior cycles we try to explain away the fact that the yield curve was flat or inverted and long-term yields didn't respond to fed tightening efforts. i think it maybe starts to inject suspension. not into september in terms of whether they move or what happens after that how they're going to kind of talk about the road forward because it's interesting you don't want to necessarily have policy makers say there's an indicator there we're going to do everything we cannot to push that indicator into this particular condition of inversion because that, in the past, meant bad things it's interesting the long-term treasury yield, what it's telling you is structurally inf

the doves like a jim bullard, why will speak to, -- who i will speak to, think the fed should hold steadyy only a question 25 basis points or so at this point. guy: if you read the minutes, which are a historic document, they hinted at that point. keeping a wary eye on what is happening in the emerging markets in the wider world. any chance we see the chairman backed that up a little more today, and could this be the swing factor in determining whether september is on or off? michael: it is always an issue. what does the fed do about the outsized impact the u.s. has on the rest of the world because the dollar's status as reserve currency? powell doesn't really want to move markets at all today, so he will probably play it safe. you are right, that could play a major issue. he said emerging markets and where they go from here based on what happens not just with the fed, but the ecb, as well, could be the deciding factor if it comes down to a narrow decision for december. guy: as ever, thank you. great coverage coming up thanks to mike mckee. london, fxin strategist and cio of cross bridge