and also in london, jonathan liz, a journalist and political commentator. good to have your with us. so i'm vicky price, let me start with you. it's being called trust on omics this. these tax cuts are named after that, that the new british prime minister. ah, clearly they haven't gone down well with the financial markets. why is that the real problem has been the the chancellor who is newly appointed of course by least just the new prime minister, announced a mini budget. we want to call it that, which wasn't very many a tool, but actually introduce a tax cuts to the tune of $45000000000.00 pounds, which is the biggest size of trucks because we've seen since 1972 and it may people worry about the inflationary impact of this but also how that injection into the economy if you like, would be funded. so what happened of course as a result, not only did sterling suffer because there were concerns that the inflationary element would be quite significant of those new measures. but also of course, bond market reacted very negatively and we've seen yields rise ver

brian lucy and jonathan liz, thanks so much for being on in. so i story. i thank you as well for watching. remember, you can see this problem again. any time, just go to our website as a 0 dot com and for further discussion, go to our facebook page. that's facebook dot com, forward slash ha inside stored. you can also join the conversation on twitter handle. there is at a inside story for me has i'm secret and the whole team here, wife know, ah october on al jazeera, in an election set to define a nation brazilians would choose between the radically different current hard line, conservative president and the former socialist president. a sense of community delves into full unique communities revealing how they're adapting to the 21st century. china holds its national congress of communist party members with president t likely to be re elected as its head. what does this mean for china and the world? only with dreams takes you beyond the glitz and glamour, revealing the stories of those seeking, failing 14 in the world's largest film industry, bosnia goes t

thanks very much to all 3 of you, vicky price, brian lucy and jonathan. liz, thanks so much for being on. and so i story and thank you as well for watching. remember, you can see the final again, any time. just go to our website edges here dot com. and for further discussion, go to our facebook page. that's facebook dot com, forward slash ha inside stored. you can also join the conversation on twitter handle. there is at a j inside story for me has i'm secret and the whole team here, bye for now. ah bosnia and herzegovina is going to the polls amid the disputes over election reforms that would enable people to vote along ethnic lines at all levels of government. right up to the presidency as opposed me and serves challenge state institutions in their escalating bid for succession. and croats, warren, of the consequences, if the vote this hope under the current law. what does the future hold for this fragile democracy? bosnia elections on a jessia. in 1996, a group of young people, new to knowing described that immigration experiences. i don't know what i do.

brian lucy and jonathan liz, thanks very much for being on. and so i story. i thank you as well for watching. remember, you can see the final again, any time just go to our website edges here, dot com. and for further discussion, go to our facebook page, that's facebook dot com, forward slash ha inside stored. you can also join the conversation on twitter handle. there is at a j inside story. for me has i'm secret and the whole team here, bye for now. ah . and indonesia, your investment destination, the world's 10th largest economy, is busy transforming, ready to beat your business. partner with a robust talent pool, politically and economically stable and strong policies being the powerhouse indonesia is confirmed by the g. 20 presidency. bringing opportunities for you invest indonesia. now, the taco region of paragon, one of south america with we follow to men who seemed to thrive on his challenges. a veteran truck driver who answers every call. whatever the web to provide for his growing family. and the cowboy who enjoys his rock lonely life. risk in it. o

jonathan: liz truss on cnn over the weekend. monster moves in this market.et's start with equities down .8%. on the nasdaq down .5%. yields higher on the 10 year treasury. the euro-dollar .90 648. -- the euro-dollar .9648. pound sterling trading right now with a 1.07 handle, this morning 1.03. tom: stiller shock. you mentioned euro sterling, important for the euro and the united kingdom. i did not realize the move. this is the kind of thing we can see the imf going, this is the kind of thing we get the new york fed desk going. five standard deviations out on euro sterling. that is extraordinary. jonathan: unreal. with us is lizzy burden in liverpool. you are at the labour party conference. can you tell me where sterling is trade -- if every mp has the bloomberg app on where sterling is trading? lizzy: everyone has asked me where the pound is out so they are certainly not ignoring the markets despite kwasi kwarteng saying markets will do what they will. the shadow chancellor rachel reeves has been making it clear that the labour party can be trusted if they a

good morning, jonathan. lizme difficult challenges both at home and abroad, isn't she? she certainly is, it is a whirlwind week for the new prime minister. as well as dealing with pressing problems at home here in the uk, we will get more details later on on what she and her government plan to do to help businesses deal with the soaring cost of energy after the package for homeowners was outlined a couple of weeks ago, and she is also stepping out on the world stage as prime ministerfor the also stepping out on the world stage as prime minister for the first time, in new york, meeting other world leaders at the united nations general assembly. world leaders at the united nations generalassembly. she world leaders at the united nations general assembly. she spoke to the french president emmanuel macron last night. 0ne french president emmanuel macron last night. one thing that didn't come up is that thorny issue of post—brexit trading arrangement around the northern ireland border, the protocol as it is known. it

jonathan: the prime minister, liz truss, it is confronting reality through the rest of the week. ou think she is confronting reality? jonathan: the reality of the policy put out there. it is expensive and we don't know how much it is owing to cost but we know it is very expensive. lisa: the reality of a pound below 1.14, weaker than black wednesday, the anniversary of last week going back to 1986, i believe. jonathan: made the right decision rest week. lisa: thank you. jonathan: on the nasdaq 100, down. we have to get comfortable with 3.50. it was only a week or so we were talking about re-.70, 3.90 -- 3.70, 3.90. rates above high-speed the equity market 5% off of june lows. lisa: certainly people at morgan stanley and others saying the fact that consumers keep spending and cpi increases and it is not decelerating shows strength, not necessarily the pain that will happen later on. jonathan: the head of u.s. investment grade at invesco joins us. have we seen the worst of it and do you want to start buying? ? matt: if you look at valuations, it is hard to and valuate. investors are

other children get the same level and it is sad you have to pay for it, you pay taxes just like liz and jonathanick the districts have their own priorities. thank you for your time, best of luck to you and your families. today we will get the august jobs report, which we're watching closely, it could impact what the fed does next with interest rates, cheryl casone will have a preview. >> ashley: and tiktok trying to silence free speech, we'll talk to a tech analyst about it. ♪ ♪ does it get better than never getting lost? ♪ does it get better than not parallel parking yourself? ♪ alexa ask smartfeed to feed the dog. does it get better than feeding your dog from 50 miles away? yes... it does. at buick we see a future that's even better. because the life enhancing innovations you've never even dreamed of? buick is dreaming of them every day. what's the #1 retinol brand used most by dermatologists? it's neutrogena® rapid wrinkle repair® smooths the look of fine lines in 1-week, deep wrinkles in 4. so you can kiss wrinkles goodbye! neutrogena® "peace of mind." such a big, beautiful idea. and for us

i mean, i know that to jonathan's point about liz cheney having a capital police state detail just reported a story about ted cruz. he's not in leadership. you only get detail if you're in leadership, unless facing death threats to ted cruz has 24 hour private security at his home in houston and he capitol police detail everywhere he goes otherwise. and there is a lot more of this going on and i think it is in part because there are certain elements of our leadership ship and certain media elements generally that help perpetuate and perpetuate and give voice to this. and i think it's something that i just think it's something that everybody really to take a look at. but is it you know, are we dodging bullets? you know, in washington. no. but there is more. okay. we'll pick. i won't blow the whistle here because we are right up on time. but certainly we want to take our time again and again thank our panelists for being with us. thank capital resource is fair and paul hearst must be humanities and for all of you being here today thank you for your time. please give these gentlemen a great ro

jonathan: we are striving to see the plans. that was liz truss.ook at these numbers. 130 billion plus another 40 billion. for household energy bills. $40 billion for small businesses. that represents the annual nhs budget. that is a proposal from the prime minister. tom: the ratio analysis is important. finally the renminbi nears seven yuan. we are almost there. jonathan: interesting market this tuesday morning. futures up .8%. on the nasdaq up .9%. yields of four basis points. euro-dollar unchanged, up .1%. euro-dollar .90 938. tom: a common theme of labor day as -- how was your beer this weekend, joe? joe: we like to call it the bay waters where i come from. tom: we could go on. we do not have enough time. i was trying to short out a judge in florida, mar-a-lago, and buried in the reports is the justice department has the right to appeal. what will appeals court say to a single federal judge appointed by the former president? joe: maybe i will see you in the supreme court. jonathan: is that where this is heading? joe: there are questions about e

jonathan lemire. thanks for being with us. u.k. prime minister lizruss paid tribute to queen elizabeth for her extraordinary achievement as britain's longest reigning monarch, appointed truss as prime minister, just 48 hours before her majesty's death. truss delivered her remarks outside 10 downing street and the first to use the phrase god save the king. >> we are all devastated by the news that we have just heard from balmoral. the death of her majesty the queen is a huge shock to the nation, and to the world. queen elizabeth ii was the rock on which modern britain was built. our country has greatly flourished under her reign. great britain is the great country it is today because of her. today, the crown passes. as it has done for more than a thousand years, to our new monarch, our new head of state, his majesty, king charles iii. with the king's family, we mourn the loss of his mother, and as we mourn, we must come together as a people to support him, to help him bear the awesome responsibility that he now carries for us all. and with the passing

these things mean that the new prime minister, liz truss, here in the uk, she faces so many challenges. another worry, you mentioned boris johnson, jonathanat times. that has people who support liz truss worried, too. i suppose you could say that she's beginning from a point of low expectations, so the only way is up. she'll be hoping so. >> nbc's keir simmons live from london with our breaking news this morning. liz truss set to be the next prime minister of the united kingdom. >>> elsewhere this morning, we have a first look at the new documentary from pbs and front line on the rise of donald trump and his takeover of the republican party. the two-hour film titled "lies, politics and democracy" features interviews with more than two dozen insiders. >> the republican party enabled donald trump. has he convinced his base the election had been stolen? >> mcconnell chooses silence. >> pence says to the president, i can't do it. >> liz had given a compelling narrative about why we have to certify the election. >> american democracy relies on simple good faith. >> if anything was revealed to it, it was just how fragile a system we have. >> jo

jonathan: dollar cnh, as well, came really close to a seven handle. lizw prime minister of the u.k., facing first pm q's in parliament now. she will make a statement thursday in parliament. has the call taken place with d.c.? annmarie: talked about the obvious issues like china, iran, and they also talked about making sure they can collaborate in terms of securing energy, especially as the u.k. right now has skyhigh prices. another point of interest, they talked about the good friday agreement, making sure that that stays in place. this is something near and dear to president joe biden, something he likes to talk about, his roots and background, irish american. the worry is any u.k. policy that can upend that. it can be awkward because liz truss, the new prime minister, just over a year ago, she said the special relationship is special but not exclusive but talked about the fact it should not be like a beauty pageant who will cozy up like a teenage girl to the united states. so could be an awkward moment if they meet at the general assembly later this mon

jonathan ferro. in the next few hours, you will hear from president lagarde and chairman powell. tom: lizt made announcement. you will wonder what christine lagarde will do with moving parities. jonathon: can she move the euro with higher interest rates? is it even about higher interest rates? does it even make a difference with this euro? tom: we are in a war economy. certainly, the updates in ukraine, taking some square footage, shows the back-and-forth of the war. she has got to address the war. jonathon: when it comes to sterling, are there other avenues? lisa: i don't know. the pound is down 0.1%. i wonder how liquid this market is, at a time when other people have called it -- i don't want to throw you under the bus -- given all the volatility behind the scenes. right now, we are looking at, is the market being dictated by something other than central banks? bankers are scrambling to try to get some kind of decision response. jonathon: inflation is flooding the u.k. and particularly europe as well. can they keep on doing that? i think we've all been surprised by the scale and the ma

liz truss. what did you call it? jonathan: i have no idea, i am just suggesting what it might be. lisa: a couple of her plans this early, ingratiating her with a lot of economists. at 2:00 p.m., there is a decision here on wednesday. real yields, yes, but the dollar dynamics. the dollar strengthens the most going back to 2002. the european situation getting a little bit worse. how much does this cause disruption? jonathan: appreciate it. joining us now, just a fantastic lineup today. we can kick things off right now with macro strategy. at the epicenter of your work, you are expecting inflation to fall so much more quickly than people expect. why is that your position? >> the main thing on the inflation side is profit margins expanded. with all of the cost inflation that has actually been passed through, prices have gone up even more because of an extension. about 4% or so of the cost and profit, that actually means a soft landing has cut back on those profits. without necessarily having to fire people as you might otherwise have been. what they end up doing, they end up toleratin

jonathan lemire. thanks for being with us today. the u.k.'s new prime minister lizibute to queen elizabeth for her extraordinary achievement as britain's longest-reigning monarch. queen elizabeth had appointed truss as prime minister just 48 hours before her majesty's death. truss delivered her remarks outside 10 downing street and the first to use the phrase god save the king. >> we are all devastated by the news that we have just heard from balmoral. the death of her majesty the queen is a huge shock to the nation, and to the world. queen elizabeth ii was the rock on which modern britain was built. our country has greatly flourished under her reign. great britain is the great country it is today because of her. today, the crown passes. as it has done for more than a thousand years, to our new monarch, our new head of state, his majesty, king charles iii. with the king's family, we mourn the loss of his mother, and as we mourn, we must come together as a people to support him, to help him bear the awesome responsibility that he now carries for us all. and with the

with more joining us onset, pleased to have charles schwab's liz ann sonders and credit suisse's jonathan important today is it important about what he says about the future and higher for longer or overwhelmingly important mandates, what >> i wouldn't be surprised if the formality of the statement mirrors what he said in jackson hole of course, there was no q&a after jackson hole i think probably that part of the meeting will be focused on how long is it going to take to get to your destination. maybe even more important, how long will you stay at the destination. they'll go for a quick visit and turn around. even though the market has raised the end point, it still has an expectation that they'll be a pivot fairly soon after that i think he'll probably reenforce once we get there, we'll stay there for a while. >> you think that's right, that participants will be like, don't get all hooked on the idea that there will be multiple cuts next year >> there's two things. i agree with liz ann the first thing, it's about the terminal rate. how high are they going to go and how long might it tak

liz: and employing kentuckyens hand over fist. some whom were without jobs and giving them good paying jobs. jonathanyou and let me know when -- i hate when people tell me pomegranates are out of season. sorry. please, grow pomegranates during all points of the year. i love that . >> we'll get you strawberries soon enough too, thank you, liz. liz: i'll take them. thank you very much. nasa scores a bullseye with its dart mission in successful defense of planet earth but today's countdown closer has sectors that could defend your portfolio from impending doom. dow down 140 and s&p at 3645 down nine points and nasdaq up 12, can it hold through the end of the hour? we shall see. stay tuned, we're coming right back. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or

i guess, jonathan, if you ask people what they _ if you ask people what they associate liz truss with, isn�*t she? so, how are these sums going to add up? on the one hand, schemes which are going to necessitate a lot of borrowing, but on the other hand, cutting taxes, which she has also talked about. to what extent, a second point to this question, to what extent will the success of this and public reaction to this affect how people view her as prime minister? ~ how people view her as prime minister?— minister? well, it's clear the government _ minister? well, it's clear the government will _ minister? well, it's clear the government will have - minister? well, it's clear the government will have to - minister? well, it's clear the i government will have to borrow minister? well, it's clear the - government will have to borrow more, on the first point. as you suggest, there are two main ways, in fact only two ways, that the government battle has to raise money. it can either put up taxes or it can borrow. all we have heard from liz truss before and since she became prime minister is a

jonathan lis, this is being seen as a huge political gamble for the new british prime minister. whenever a new leader comes into the job, their political capital is normally at the highest. has liz put down her chips on this? guest: liz truss has a stick to the entire house on this political gamble, and by any measure, she has lost. hazem: is it not too early to say that? guest: well, it wasn't in liz truss's plan to crash the pound, i presume, it was not in liz truss's learn to have an emergency statement by the bank of england suggesting that they might have to raise interest rates before the next scheduled meeting at the monetary policy committee. and i don't think it could have been in her plans to see soaring interest rates, which are going to see mortgage rates increase by 700 pounds -- several hundred pounds for homeowners with mortgages. not forget one of the bases of the tory party, their voter base are actually the demographic which turned much of the north and the midlands for the conservative party in 2019. so this is a political as well as an economic disaster, and i suppose that investors are a bit like predators in horror films, they can sense panic. they can see

liz truss and rishi sunak. let's return to our lead story , nasa's decision to again postpone the launch of its artemis moon rocket. 0ur science correspondent, jonathane kennedy space center. high. what has gone wrong? it has been a day — high. what has gone wrong? it has been a day of _ high. what has gone wrong? it i—.3 been a day of disappointments, lots of people are starting to leave the kennedy space center. we have had flooded the tortoise, believe it or not, trotting by. we started the day with great ambition and it fizzled out. with they have to fill this rockets behind me with 3 million litres of liquid hydrogen, liquid oxygen before they can left off. that is the propellants they used to develop the thrust. the oxygen went into the rockets but the hydrogen, as soon as they started to pump it in, they had a leak warning. they tried all sorts of solutions to close that leak off but it didn't work. eventually, the launch director had no choice but to call a postponement. we are all wondering now when we might be able to try this again. that is the opportunity to do it on monday or tuesday but not much more beyond that. one of the reasons for

hero and so as i told jonathan and stephanie, you are so great to come to our community because we need you, we need your example. they've got decades of service left to give us. lizi don't know if you know this, but our viewers have been unbelievably generous in helping and we always say, we'll take anything. the couch change that's stuck underneath the cushions. with can broaden the line here and talk about the housing market and we're seeing some regions come down but we're still very high and still have mortgage rates in some cases above 6% and way above 6% at the moment. where do you see any kind of give on the atmosphere at the moment because people really want to buy homes, but we've got average fixed rates at about 5.89%. >> i recommend all future home buyers, you need to wait. the market's in transition. we're certainly -- even in texas, in dallas ft. worth, we're the number one home building market in the united states, we're feeling a slow down. we were going to build 58,000 new homes last year, it was probably come down into the 40s and it's a strong market, but we've got great demand but there's inflation problem and mortgage rate problems. ththese ho

that is what liz truss wants, and surely that is a good thing in an economic crisis, right? jonathanhat you want to do. lisa: it also depends how much you support your economy. maria tadeo, i would love to get the compare and contrast with the european plan versus the u.k. plan for energy, which is to give aid in the u.k. for households. in the european union there is a focus on curbing demand, directly targeting the demand and taking money from the profits of the big oil conglomerates. how much -- what details do we know? maria: we are about to find out because this is happening behind the scenes at a beaded led by ursula von der leyen as we speak. you hit the nail. it will be about taxation. they want to call it solidarity and contribution from fossil fuel companies and power generators that do not use gas. it is a story about demand disruption and what they say is when supply is tight but also very expensive what you need to do is use less power. to be the thing to watch for is the percentage, what kind of production are they hoping to get in the obvious question is how you implem

. >> ceo of the anti-defamation league, jonathan greenblatt, thank you very much for coming on this morning. >>> right now, the uk prime minister lizestions from parliament. >>> up next, the british ambassador to the u.s. joins us on how our special relationship with the uk could change under this new government. ent. it's the all-new subway series menu. twelve irresistible new subs. the most epic sandwich roster ever created. ♪♪ it's subway's biggest refresh yet! we believe our military heroes ♪♪ deserve a company who will fight for them just as they do for us. from buying to refinancing, the loan professionals at newday usa have given enlisted veterans a different kind of financial experience. with more ways to help more veterans, no bank, no lender, no one knows veterans like newday usa. >>> 36 past the hour. uk prime minister liz truss is taking questions right now from members of parliament. that's what you're looking at right now. it is her first full day in office. i love watching this. let's turn it up just a little bit. >> -- balancing the policies and i'm committed to following through and delivering four children. becaus

jonathan: just say it repeatedly . lisa: like why are you guys doing this to me? jonathan:jonathan: thank you. the president meeting with lizw in new york. liz truss will be pretty busy, the british prime minister, and will hit the ground running in a big way this week. the bank of england rate decision we will save for later in the week. we have anna han.wonderful to catch up with you as always. you have to give us one reason to be bullish here because everything is so gloomy. anna: things might not be as bad as feared. one of the biggest things we are watching is conference season. we want to see how corporate earnings and outlooks are going, but it was not so great so far. hoping to see if the margins and growth computer out for the rest of this year and being not the worst news, that can be one of the things. on top of this, the tail risk assets will be european energy prices and how midterm elections go this year. lisa: we talked with chris about a lost decade. how many people you speak to have thought through the concept of a lost decade of profits, gains for u.s. stocks? anna: that is a great point. it is hard to see

jonathan. >> chris, i think probably the most indelible image of the queen, in the last photograph that we have seen of the queen, was her, extending her hand to now prime minister, liz her as the new prime minister. to your point, she was in it. she was serving, literally until the very end. >> we don't have any idea how she felt at that moment. a lot of people commented that she looked frail, but she was smiling. clearly, that was something she was determined to do in the recent months, when she has had to say she was not able to do things. now, king charles stepped in. the reports out of buckingham palace where that she was very disappointed. this was a woman who, through everything, always showed up. but was the point the shopkeeper made to meet today, even in her emotion. the admiration came through. i think even for people who aren't monarchists, the united states, people don't get where all of the fuss is about the monarchy, they think it is archaic. but you have to admire the way that she continued to work about, jonathan, into her 90s, 300 formal events every single year. >> you know chris, i made an admission a few days ago on television. i will make it her

liz truss. it is a not easy inheritance. in terms of history, from the monarchy point of view, this is an unusually difficult time, notwithstanding the coming together happening at the moment. jonathanhow do you think he will reposition the monarchy? john: i think it is a mixture of trying to keep the inherent strength his mother had, the ability to bring people together. we were just talking about it, you could come from wildly different countries, races, genders, everything, and people saw this woman as center of what this country was about. in terms of international influence, she was about as strong as soft power could get. even rulers in asia, a couple of weeks ago, they are still fascinated by this woman who did meet everybody. it is this kind of weapon of soft power. she was extraordinarily. now you have a new person coming in. the challenge for charles is perhaps to step back a little bit in his advocacy. he is no longer the heir to the throne. he is the person in the middle of the english constitution. he selects who the prime minister can be. that means you have to be a more objective figure. how do you update the monarchy quietly without losing that sense of power? lisa:

jonathan's book, it makes it worthwhile. >> also with us, u.s. special correspondent for bbc news, katty kay. >> katty kay, i saw britain's new prime minister speak yesterday, liz truss. i may say, you can judge her by -- you know, you can stack her and her speech and her delivery yesterday, command of the stage, up against any middle school candidate for student council vice president or sergeant of arms. i think she fairs equally there. >> i'd like to hear katty's point of view on this. >> i don't think anyone would ever accuse liz truss of having got her job purely on the basis of charisma, joe. >> yeah. >> that's probably not how she got it. but, look, expectations are incredibly low for her. that never hurts a politician, right? >> that's good. >> she works very hard. she is, as she says herself, relentless. she styles herself after the iron lady. you will like that, joe. the french have taken to calling her the iron weather cock because she can change her position on things. might be called pragmatism. she's perhaps not the most smooth of positions. she's known for being a little awkward, odd perhaps. she can make curious diplomatic statements. interestin