john williams literally said those words. i cherry picked one of his comments.ome point of normalizing policy. my own view is that likely starts this year. that was his own quote. this is a fed that wants to push ahead. it's becoming fairly challenging to do it in the near term. we should talk about that. but this is a fed that clearly has a view that they want to cut. i think they are going to. jonathan: let's get to that, that you picked up on. we need to start the process at some point. says who? tom: [laughter] says them, the way that they view how restrict the policy is. there are 10 officials who think they should cut three times this year, at least that was the case before cpi. they are arriving at the conclusion, because i think monetary policy is rather restrictive. our own view is that if you look at their long-run estimate, we think the estimate is way low. we think it will come up pretty meaningfully. in fact, we would argue that it should have come up meaningfully already. you have folks like president williams who believe that policy is restrictive

haidi: new york fed president john williams believes the u.s.y start cutting rates later this year if inflation continues to gradually ease. he also discussed resilience and consumer spending in the economy in an exclusive conversation with bloomberg tv. john: consumer spending has been strong. job growth has been solid. we seem real wage gain. yes, it is part of that story, but, you know, i think what we are realizing is we are getting a nice tailwind from the supply side of the economy, good labor force growth, strong productivity, good real wage growth, so consumers are spending. michael: what is the thinking in your office, does this last door is it a surprise that could go away at any minute? john: if we are still feeling the aftereffects of the pandemic, it makes it hard to forecast, especially with ukraine at all the things in between. we are still in the adjustment process. the consumer and economy overall. but overall, i think the economy will continue to grow at a solid rate, probably not as high as the 3.1% we saw last year, but somet

jonathan: the john williams note -- lisa: the john williams note highlighted how much of a turnarounds is one of the doves a knowledge and the possibility of a hike if the data were hotter than expected speaks to a complete shift in how they are thinking. jonathan: four consecutive weeks the two year yields have been pushing higher. yields have been pushing higher. if you switch of the board. fruit is softer on the session and down on the week as well -- crude is softer on the session and down on the week as well. wti down to $82.29. the market is embracing the idea things are contained in the middle east but i think we have done a fantastic job of making sure this market alone does not shake your thoughts and -- does not shake your thoughts on what is happening in the middle east. as norman said on monday this is a new middle east. lisa: and we saw that with the knee-jerk reaction going up to $90 quickly. every note we get across wall street people talk about the increasing possibility of a $100 barrel of oil if there is a greater escalation that could be highly punitive for other as

john: william branham, marcia coyle, thank you very much. nks, john. ♪ amna: donald trump's legal challenges also start our day's other news. at his hush money trial in new york, a former tabloid publisher offered more details about burying stories in 2016 that could have hurt then-candidate trump. david pecker described so-called catch and kill schemes. one involved a former playboy model who claimed she had an affair with trump. also today, prosecutors said trump violated a gag order four more times. that brings the total to 15. the judge has not yet ruled on that matter. the u.s. and 17 other nations have issued a joint appeal for hamas to release the roughly 130 hostages still believed to be held by the group. the statement insisted that quote, the deal on the table to release the hostages would bring an immediate and prolonged ceasefire in gaza. hamas said it would not be influenced by the appeal. that comes a day after hamas released an undated video of american-israeli hostage, hersh goldberg-polin. today, the state department said the

no offense to president lagarde, i will be speaking to john williams of the new york fed.a: does this changes framework? does this call into question how sticky disinflation is? people listen to three people on the fed, the vice chair, the fed chair, and the new york fed president. the new york fed president when he comes out to speak they see it as a proxy of jay powell. if he says this has changed the narrative we cannot have the justification to cut rates, that will solidify this narrative shift. jonathan: everyone has got any opinion on yesterday's cpi, including the president of the u.s. pres. biden: i stand my prediction -- by my production that before the end of the year there will be rate cut. we don't know what the fed is going to do for certain. we have dramatically reduced inflation close to 3%. we are in a situation where we are better situated than we were to take office. annmarie: you think this is a heading for the fed, a massive problem the biden administration. not only doesn't mean they might not get a cut going into the election, it is april. this means

tom: new york fed president john williams speaking to bloomberg exclusively.ext guest is fintech is back. u.k.'s most funded startup sector. we discussed the future with aaron platts, ceo of hsbc, innovation banking u.k. that is next. this is bloomberg. ♪ tom: welcome back, fintech is back on top is u.k.'s most funded startup sector according to analysis from hsbc innovation banking and m&a database deal room. 1.4 billion dollars was raised across 73 rounds in the first quarter. for the details, let's bring in the ceo of hsbc innovation banking, u.k.. we love speaking to you because you have your finger on the pulse in terms of the flows into u.k. tech. talk about what you have seen on a granular basis. quakes q1 is a stable, strong start. that re-calibrates us back to 2020, pre--- pre-covid. that still leaves us firmly as number one in terms of the european ecosystem. 3.9 is almost more than france and germany combined in q1. firmly period globally as an innovation ecosystem. tom: fintech standing out again. what is the appeal, what is drawing the funds into

new york fed president john williams says it will happen this year. n consumer spending and the economy in an exclusive conversation with bloomberg tv. john: consumer spending has been strong. i think it is driven by strong fundamentals. job growth has been solid. we have seen real wage gain. we are in a good economy with good growth. yes, it is part of that story, but, you know, i think what we are realizing is we are getting a nice tailwind from the supply side of the economy, good labor force growth, strong productivity, good real wage gains, so with that, i think, you know, consumers are spending. michael: what is the thinking in your office, among your colleagues, about does this last or is it a surprise that could go away at any minute? john: one thing that makes it hard to forecast is we are still feeling the aftereffects of the pandemic, pressures with ukraine at all the things in between. we are still in the adjustment process. the consumer and economy overall. but overall, i think the economy will continue to grow at a solid rate this year, p

john williams earlier today. how do you put all this together?> the messages are becoming similar. susan collins just out with her economic club of new york speech. she said we may have fewer cuts this year and we may have cuts later this year. which is pretty much what most of the rest of our colleagues have been saying. similar to what john williams said, phrasing it a different way. saying there is no need to adjust rates in the near term. both of them saying they made a lot of progress. but there is more to be done. williams suggesting they want to see more progress on the labor front, as well. so there's a general agreement among fed officials that maybe we are not going to see this kind of rate move wall street was expecting. which is interesting because today we got an assurance from the european central bank, christine lagarde, that they will move as soon as june. sonali: michael mckee, thank you for the data with a dose of reality. we have a federal reserve economist and chief economist at new century advisors joining us now. also to rea

it is a key to john williams, south austin, where gm store will be was cute. so it doesn't affect, obviously nice to mess to buy new big us that movie. and the more you say i present as a, just a promotion for them, but it's better to get ahold is so in the region understand this is the whole system. so the level of so the police said that it was reasonable as well as soon as you receive any vocal almost pulse was before it was on, there was a long job on the liberal. elizabeth genia the the opponents. but did you, we don't semester, you mean they're going to tell you on the screen for school, but it's the, the, the the news already those old line is, can be started by line. please can be satisfied for the importance of we can never be of a station. so that transparency is an extraordinary drawn mistake. patrice then just succeeded in finding documents that existed in making them available to the world public. i mean, water could be more holding back by publishing information and sharing information with the public. he was exercising the right to free speech.

i do we will get much more from john williams today.nk of france so more probably about french issues but there is a consistent message now coming from all of these that officials that do not expect rate cuts at the next meeting or maybe even the meeting after that. lisa: thank you so much. i am curious what we were talking about earlier about the idea of, have fed officials game doubt the idea of no rate cuts this year? -- gamed out the idea of no rate cuts this year? how many fed officials feel the same? michael: it is hard to know because mostly the message has been that we do not have to rush but we think we will cut rates. i specifically asked williams about that yesterday, and he said we will just go where the data take as. he did not rule it out but he did not embrace it in the same way that the person from minneapolis has. jonathan: thank you, sir. breaking down the data and the fed speak. i was going to say the french of a lot of issues but the italians have bigger issues. you see this story yesterday? my favorite story. alfa r

to the macro, a new york fed president john williams saying there is no rush to lower interest rates. the geopolitics, but markets continuing to digest hawkish comments from fed officials. williams was speaking at a summit in washington and said economic it will determine the timing. >> my expectation of right now is interest rates are indicated place, and eventually at some point we would want to lower interest rates as the economy gets into 2% inflation we are headed toward. if we need higher interest rates to achieve our goals, we would obviously want to do that. it is not my base case. tom: let's bring in jill disis. hey let the cat out of the bag. she said it is not his default case, he put on the table the prospect of a hike, another hike from the fed. >> what are turnaround we have had even over the past couple of weeks. you look back at the beginning of this we and some of powell's comments and how much we have pushed out this idea of interest rates coming in this year. i remember just a few weeks ago we were talking on this program about the fact there were greater expectatio

john williams says no reason to adjust interest rate policy in the near term and as you see, the nasdaq is on track to blast to a record close. we are already there with this 272 point gain and question is will it hold? one subscription fashion service lighting on fire and the final hour of trade and rent the r unway most well known for being kind of a temporary closet and it's interesting and paying thousands to buy luxury clothing from the world's top designers but today, it is an investor darling after projecting a milestone year ahead. as the stock sparkles like a sequin ball gown, jennifer hy hank walker joining us in a knocks exclusive we're coming back. dow jones industrials gaining 105. liz: show stopper of rent is the runway today and the company posted fourth quarter results and they did include a loss but it was a narrowing loss from a year ago and the los was still a bit wider than analyst e xpectations and total sales however rose have a percent to 78.5 million and enough to beat 74.5 million an l ife-threatenings were looking for. the company also expecting a rosie 2024 wi

sonali: the new york fed president john williams joins other fed officials and saying that he's in no rush to cut interest rates until the data warrants it. let's bring in jennifer lee. the firm just lowered their forecast for the number of cuts, seeing only two this year, starting in july. one thing that the market caught on to was not just the idea of waiting for the data to show progress, but the idea that even though it is not a base case, they would hike rates and meet higher rates if the data were telling them otherwise. how do you as an economist really guide investors to prepare for that eventuality? jennifer: first of all, hi there and thank you for having me on the show. this is a complicated time we are in right now. normally it's pretty basic to say yes, rate cuts are coming, but if that is still the case, now i would never ever say never. if there is a trend in the data, if we start seeing stronger data with stronger inflation, who knows. there is a possibility that we could see rates going even higher. that's highly unlikely, but never say never. it's hard to divide it i

what do you make of john williams saying it is not his base case, but a rate hike with the oil markets? do you feel that is something that will possibly delay the ecb cut and fed cut further? >> i think it's a good factor to delay both ecb and the fed desires to cut rates i don't think it is the only factor it is a convenient one that will make folks understand what they're up to. there are other driving factors. in the u.s., likely housing and other inflationary measures beyond energy prices to force that cut to be held off until well into the year i wasn't in this camp three weeks ago, but maybe no cut at all this year, assuming they can find a way to stick the landing with their narrative >> alex morris, thank you very much >> thanks, frank >>> ahead on "worldwide exchange," a big morning for big tech as netflix shares take a hit despite the first quarter stock pop. >>> and a look at europe and one-on-one withthe eu commissioner margrethe vestager. that's when "worldwide exchange" returns. oh, not the fries! where's the ball? -anybody see it? oh wait, there it is! -back into play an

her brother john. william draper, a professor of chemistry at new york's university, soon put an end to the relations. thinking andrew was much too young for his sister and that he had few prospects in life. he was 19 and she was 32 and then terez think. fact is that, this was 1839 and she was the person to be photographed. the united states. john draper improved upon the girl type process and introduced it to this country. although this photo, it's in poor condition and it's my favorite. i believe that between the ages of 24 and 26, he more from a philosophizing cautious, unsure young into the professional. we know. he looked so different from the teenage andrew. yet more like people we know in the 21st century. january. 1845. he expresses uncertainty about the new year. his at a legal firm and attending studying to pass the new york state bar exam. his life is consumed, work and studies. it's only free time. it's on. but she spends morning to night attending services at multiple churches in philosophy rises

>> john: william la jeunesse with the latest on o.j. simpson's death. >> sandra: hard to believe, sorry, fox news contributor here, jim, you and i talked this morning i hope we are continuing this conversation but hearing from him february 11, that was two months ago and talking about how he was dealing with issues but felt in good health. now he's gone, jim your reflections? >> it's a very complicated, disturbing life and it's difficult to sum up, sandra. how do you describe life this guy lead? he was an icon, he was a hero, he captivated audience, captivated people. was in commercials running through airports, people of my age will never forget the way he was able to have this magnetism that attracted people to him. all of that changed with the -- not the conviction but with the charges that were brought against him. he was convicted by a civil trial. it's just so difficucult in our lives to put in perspective how someone can go from that to t this. and trying to unwind it, double murder, it is so hard to fathom that this is what he w

john williams today saying "i don't feel urgency to cut interest rates " do you think there is a chance they don't cut at all this year? >> i absolutely think there is a chance they don't. inflation data has been surprisingly durable. goods inflation is running six months on a moving average, goods inflation is the one that is influenced by interest rate much more soundly. service inflation is still too high, it's very high and it's very hard for the fed to bring that down. will the fed let it come down? i think that is definitely a possibility. analytics and data would suggest that you are going to start to get numbers with month on month inflation readings that will give the fed the window to do it. i'm saying something pretty provocative around this, i'm not sure it's clear to me, in a service oriented economy, that the interest rate tool doesn't really do much today. we move five under on the upside, you still have an unemployment rate that's under four, and there are parts of the economy that operate really well, that have a higher level of income. i think the fed should get the ra

that's something we heard from new york fed president john williams about. take a listen. >> my expectation is that interest rates are in a good place and at some point we would want to lower interest rates as the economy gets to the 2% inflation we are headed towards if the data are telling us we weeding higher interest rates to achieve our goals, we would obviously want to do that. it is not my base case. haidi: the managing partner joins us from our washington dc studio. christopher, great to have you with us. do you think we are seeing a marketing position at a point where we are taking seriously some of the concerns from fed officials and those that think this final leg of the cycle when it comes to fighting inflation is going to be the trickiest part? >> i think that's right. i'm here at the imf spring meetings and the consensus correlated with 10-year yield's, as those rise there is a real sense that inflation is going to be stickier, yields will be higher for longer. the flipside of the consensus is that the u.s. economy is doing extremely well. you

you had a conversation with the new york fred -- fed president john williams earlier this morning andis still expecting rate cuts plural this year. quickly tell us what you guys talked about. >> we talked about whether or not they need to cut rates. the economy is strong, unemployment is low and inflation is still falling. and he said yes because real rates are high enough that they could start to slow the economy and the lagged effects of rates would impact the economy down the road. so his base case is still that we get some rate cuts, but as he pointed out, they don't need to do it right away. they can wait for more evidence going forward. katie: really appreciate the breakdown. of course we're seeing a lot of this reaction come through the bond market with yields of sharply. let's keep the conversation going now with ryan dietrich, chief market strategist. with actually talk about the fed a little bit. it has been shocking to see us go from six rate cuts priced into the conversation, does the fed really need to cut at all? >> about 6, 7 weeks ago we heard 6, 7 cuts. we thought the

john williams making nbc news music. >> brian, thank you so much. >>> let's stay with the olympics, olympict. >> paris is trying to stay one step ahead. chase cane explains. >> reporter: 100 days until the summer olympics begin here in paris, this stadium is going to host track and field and rugby, right now in paris, temperatures are still in the mid-50s. paris will be a lot hotter and humid by the time the olympics rolling around. some of the hottest summer games ever held and on the minds of the paris organizing committee. after tokyo in 2021150 athletes, staff were treated for heat-related illnesses. what is paris doing to prepare? they spent the last few years planting more trees along the route for the marathon to offset the effect of heat. >> the cleanup of the seine, it's not just for us to hold, you know, some sport events, this is going to be a major change to have a place to go when the heat of the summer hurts. in the years to come it's going to be worse and worse. >> reporter: the seine river cleanup has been a challenge but part of their ambitious climate goals. so, what does

charles: so as i started the show off i mentioned two big-time fed officials, john williams, new yorkn. they came to the rescue, right. they're trying to soothe nerves saying listen, those cuts are coming, maybe not as soon as they wanted but trying to reassure everyone out there. my next guest though isn't so sure. i want to bring in nicholas wealth management president david nicholas. david, you see see 5% or better on the 10-ye, right? >> i do. payrolls are stronger, last march jobs report, 300,000 jobs. interesting where you look at the jobs, 300,000 production jobs. 50% were government, health care, 72,000. government and health care two sectors of economy the fed has almost no impact on. so what we're going to continue to see i think we're seeing a strengthening in the jobs market which is still going to hurt the prospect for inflation coming down. generally, if you look historically the 10-year traded 2% above the inflation rate. in the 19890s it was 5% above. in the 1990s, it was 3 1/2% above. it is very strange or low probability world where the 10-year trades so closely to i

voting members like john williams, no need to do anything, "in a very near term." but he does expect the pce to get to a level that is good, right? i'm paraphrasing that. it's 2.25% this year before moving closer to 2% next year. and that is not where we want to be, but we are heading in the right direction. collins, expect it will be appropriate to begin cutting later this year. more times are needed now. >> similar story, right? the bottom line is that they are still talking about cuts. just not yet. >> yeah, they really want to cut, which is why they would ignore the inflation data from january. they did it in february. now it sounds like they're going to do it for the march data as well to look through it to see it as a bump and not a reverse trend in direction. so it means that as we get closer to the meeting that we would get the april data if that continues to move in the opposite direction of what they want. they will really challenge them to keep this narrative. we think that the three cuts that they have put down in that plot is way too high. given the fa

you did a discussion with the new york fed president john williams and i know you know where i'm going, i saw the look on your face, at the new york economic club where you said, quote, giving powell a nobel prize would be like giving a nobel prize to a drunk driver that ran over a pedestrian but got him to the hospital in time to save his life. how can you say that after you suggest the economy is so strong, the market is ripping, from the lows, and we don't need any rate cuts but yet the fed chair has done a terrible job. how? >> i stand by that quote. scott, remember 2021 and 2022, we had an incredible boom, housing market, stock market, crazy speculation, spacs, nfts and everything at the same time, the fed was buying mortgage-backed securities, keeping interest rates at zero, telling banks and everyone else we're not letting those rates rise. that's the fault. yeah, i think they landed on their feet, but we shouldn't have been in the situation that we were in with inflation over 10% of of properly measured and still went up over these four years higher than many people's wages. an

john williams signaling there is no need to cut in the very near term, whatever that means.e uncertainty overhang may challenge the performance of the russell 2004 now. small is likely the lag large until later this year if and when we get more cuts. always a fascinating discussion. if we are getting the cyclical boom, why are we not seeing it in small caps? you are saying it is hinged on rate cuts, and if we don't get them, we will not see it this year. jill: we talked to a lot of investors and there have been more optimism on small caps this year. we see that in the inflows that we track. in the conversations we have had come investors looking to that as the next catalyst for why the russell 2000 could move higher from here. corporate's in general, especially the s&p 500, have locked in long dated debt. 40% of the russell is short-term or floating debt. we think this could be a significant hit to earnings over the next five years if rates were to stay high relative to if we see cuts, then this becomes a less detriment to headwind. lisa: forgive me for the hypothetical here

lisa: john williams went there and john williams is dovish. he said the h word.that paves the way for that to be washed off of his left palm? jonathan: benjamin netanyahu saying that we will not stop the war before achieving all of its goals among the backdrop of israel-hamas and expert suggesting we could be close to some kind of cease fire. going on to say, we will eliminate ham -- hamas battalions. annmarie: even if they get a deal on the table benjamin netanyahu is determined to make sure every last bastian of the hamas hold is eradicated. these kinds of comments as they are sitting down in cairo, representatives, it could mean that the deal would be off. if cease fire is a cease-fire, but until what point? does this mean six months and potential israel recalibrate santa goes in? we will have to wait and see. jonathan: the objectives haven't changed according to the prime minister's office. let's get your bloomberg brief. dani: elon musk's wealth is once again climbing the rich list. muska gained more than 37 billion dollars in net worth over the next five da

not in a mad dash hurry to get there talking, obviously, about rate cuts new york fed president john williamsfinitely don't feel urgency to cut rates. cleveland president, at some point we will get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry fed governor progress on inflation has slowed and maybe it is even stalled at this point. so no hurry, no urgency, not there yet, need to get confidence fed chair powell the highlight of the week, a lack of further progress so far this year on returning to our 2% inflation goal the recent data clearly not giving us greater confidence and instead indicate it's likely to take longer than expected to achieve the confidence they said the same thing and said what market was expecting and the market was sort of ahead of them on pairing back rate cuts for the year. will we get any? that's the question. and will the next move be a cut in market seems confident on that point and the bull case for stocks that's the next thing we have to look forward to and see the inflation rating. >>

we've heard from john williams in the last hour, listen to how he put it. >> monetary policy is in aest rates in a place that is moving us gradually to our goals i definitely don't feel urgency to cut interest rates. i think monetary policy is doing exactly what we would like to see. >> that was at the summit for economic in washington, d.c. >> how would you characterize the consumer right now you mentioned discover the mid to lower but i'm hearing in the higher end, the art market, for example, things seem to be a blip in terms of what the asks are and willingness of people to pay is i wonder how you characterize things. >> hanging in there longer than we expected. some signs of weakness in certain categories an income groups overall because of the cumulative impact of inflation and higher interest rates which will weigh on the consumer no doubt about it, but they're getting jobs and they're getting paid and those two affects have kept the consumer spending not to mention the fact that we've had a lot of fiscal stimulus and maybe the excess savings have worn down for which we've bee

recall. beaten american presidents, abraham lincoln, james garfield, william mckinney and john kennedyen terrorism in the states flourishes in schools. in our country, it is enough to recall the large-scale white-red terror and thousands of people killed. just remember the famous propagandist of terror savenkov, familiar to tv viewers from series. the operation, even in the ussr, with its powerful kgb, terrorist attacks were not so rare, in the soviet union they hijacked an airplane more than once, terrorists hijacked passenger airliners in 1977, 78, eighty- two, eighty-third, eighty- five, six and eighty-eight years, and the first hijacking took place on october 16, 1970 , when the brazinskas father and son. verification, taking into account the calculation of the possible use of interethnic tensions within russia, it can be assumed that western intelligence services are involved in this matter, but direct participation of khakhlov. it was assumed that the resulting turmoil would lead to disorder in russia, which would help in the war, and where there was military defeat and the colla

assassinated american presidents, abraham lincoln, james garfield, william mckinney and john. very oftenishes in schools, in our country it is enough to recall the large-scale white red terror and thousands of people killed, it was worth remembering the famous terrorist propagandist savenkov, a familiar tv viewer from the tv series operation, even in the ussr, with its powerful kgb, terrorist attacks were not so rare. landed in the turkish trazone, the terrorists were arrested, the war on terrorism continued in the russian federation, here is the attack on crucuscity. what i will say next are only my thoughts, but they may not coincide with yours. the purpose of this attack is not even to intimidate, but to stir up public opinion, to show the instability of the internal structure of the russian federation. who benefits from this? isis? carry out such a terrorist attack on his own, rather , he served as an executor for those who ordered the crimes, and now we already know that it was not without his brothers from ukraine, the fact that after the terrorist attacks they were traveling in th

lisa: the fact that john williams came out and talked about the potential of hiking rates, if the datawas a huge shift. there was so much focus on communication failures by the federal reserve. there needs to be some kind of scenario analysis as a way to better communicate the markets what they perceive jonathan: coming up, we will catch up with another round of price cuts. we began with our topsoil. nowhere to hide. writing this, we are hoping that is a further washout of markets. it would allow the opportunity for money to come into the sidelines. good to see you and good to catch up. i we restrictive enough? -- are we restrictive enough? >> you are effectively setting a new record for fed policy if they hike rates again, they will have never cut rates. we know what that is. it was 12 months. i do not think any of us are calling for a rate hike in july. if they hike any time after july, then it is another new record for distance, from one rate hike to another. it seems implausible. we look at the summary of economic projections. the highest ever for neutral policy. if you get to the

flourishes like nowhere else. assassinated american presidents abraham lincoln, james garfield, william mckinney and johnnedy. very often terrorism in the states flourishes in schools. in our country, it is enough to recall the large-scale white-red terror and thousands of people killed. it’s worth remembering the famous propagandist of terror savenkov, familiar to tv viewers from the series. operation trust, even in the ussr, with its powerful kgb, terrorist attacks were not so rare, in the soviet union planes were hijacked more than once, terrorists hijacked passenger airliners in 1977, seventy-eight, eighty-two, eighty-third, eighty-five, eight six and eighty-eight years, and the first hijacking took place on october 16, 1970, when father and son brazinskas captured an an-24, terrorists landed 46 hostages in turkish, killed stewardess nadezhda kurchenko, the plane with terrorists was arrested, the war on terrorism continued in the russian federation and here is the attack on the gruku site. what i will say next is only my thoughts, but it may not coincide with yours, the purpose of this attack. so the

and then, william hammond hall, the city's engineer and a gentleman by the name of john mclaren, figured it out. >> yeah. and we are so grateful that they did. phil, if you can, though for a moment, just share some of the lesser known facts about the park, including more about the 25 year old who designed it. >> well, i mean, that was william hammond hall and john mclaren who designed it. and, it is, was, visited by about 25 million people a year. it has, if anybody's ever been to the panhandle. the panhandle was is the little park that's right off of the main section of golden gate park in the panhandle. that is a botanical, basically a botanical garden where mr. mclaren and mr. hall planted over 80 different species of trees to figure out what would grow, obviously, we've got our bison paddock. we have the gardens of golden gate park, the conservatory where the conservatory of flowers, was built in 1871, was originally a casino, there's all kinds of fun facts, in this park. it's really just extraordinary. >> yeah, it really is. and a lot of firsts here. i was reading that it was actual

more fed speak on deck with michelle berman, john williams, and raphael bostic.ny wilding of pimco -- why she's a lonely? tiffany: it is funny you have not had more people talking about this. you can look at the growth numbers and know we are running 3%. core growth, it looks like you're going to run that in the first quarter, maybe second. we have not had four quarters of that growth since 2000's. that is nothing like an economy that has your trichet policy. in that environment you'd expect -- jonathan: we have had some big changes, deutsche bank say december. some banks are say no cuts this year, including the likes of apollo. where are you now on that issue? tiffany: we agree. we think ultimately they're not going to be cutting in the middle of the year as they had previously been telling us they're going to do. they will show us their new -- and we would get clear guidance on when exactly did explict a cut -- when exactly they expect a cut. we needed to see two consecutive quarters of point something efficient. our own forecast as it will be three at the seco

it was interesting yesterday, john williams, the new york fed president spoke and talked about, well, base case but the fed would not hesitate to hike if needed to. the market really focused on that you had a little sell-off in bonds, yields rose, but they missed all the stuff about the williams talking about why is this because the economy is growing much more strongly and, melissa, i'll throw it back to you a little bit i listen to all of these reports on earnings, the american express about what the outlook is here. i do not hear and please tell me if i missed this really much downgrading for either the earnings outlook or economic outlook from any of these reports so far. >> no, but i mean i'm glad you pointed out american express what we've been seeing is beats for first quarter but they're being conservative for the rest of the year so maybe there is that sort of reservation about how it will shape up and i think that's exactly what markets are fearing at this point. steve, always good to see you go ahead. >> i was going to say i think that's right in part because i think it goe

. >> john: yes to boldly go and cover the festival now. >> sandra: william shatner out there. >> president: >> john: say high to william shatner. my son is out there with his glasses. they got noticeably more here in washington dc. >> sandra: view from the columnist? i feel a little bit -- the building behind me maybe not calm i've or ever but it has i feel the energy okay the columnist of it sort of like i don't hear the birds chirping, i don't hear the animals. it was a lot more excellent and bustle a little while ago. it feels like things are sort of starting to calm down a little bit. >> john: there is no question that there has been some change in terms of the environment. let me just put the glasses on and help -- >> sandra: which by the way look really great on you. you need to invest in a pair. [laughter] >> john: yeah, it looks like we're a low more than halfway covered at this point. were expecting 88%. it's not rbc the dramatic change that we saw in balance or you saw in -- >> sandra: it will be something the. >> john: or -- but things are beginning to change here elements. the

through the ghost of william hamenhall and john malaren watching closely. over the last 15 years we restored the fountains and band shell and music concourse. rebuild the mercy windgil and mark station. renovated the soccer fields and club house. ceezer stadium, cezer triangle. we added--behind me, the first piece of permanent art added to the park in generations in conserve tore valley. we added a restroom at the 45th avenue playground. renovating the bloleing greens. improve all the park entrances and signs. we now call speedway meadow hellman hollow and middle drive east, nancy pelosi drive and sharon meadow robin william meadow. we added a musical evening light show to the conservancy of flowers, piano to botanical barden. tea house. outside land music festival to polo fields and a portion of this beautiful space that used to be call jfk is now a car free prom naund for hundreds of thousands walk, run, roll, ride, sun-bathe and enjoy art music and food. while visitors once traversed the park on horse and buggy, and now travel on scooters, segues, bicycl

joining us is former federal prosecutor, elliott williams john and caitlin. we're going through some of the high points of what was in this filing what stands out to you in smith's latest filing >> sure. the last point that caitlin had made about this question of delay, it's a very important won an argument that the trump team is putting to the supreme court almost as an off-ramp of sorts of saying that well, even if you can't resolve this now, ladies and gentlemen, please send this back down to lower courts to have more hearings and more for decisions as to this immunity question, the special counsel makes the argument that that's unnecessary. this issue has been briefed already, and it's really the supreme court's job more than any other according the country to sort out questions like this. and i think in the news we see it as a question of, well, what does that mean for the trial? is this just about delay? i think from a legal perspective as well, these adding more proceedings to hear just simply is not necessary at this point. and that's a core argument