and he, jonathan powell, it's that a good friday. we negotiate the good friday agreement. so the, the u. k was to agree is that these people sign for their room territory. so we defining them as terrorist is just doing our political gains. now these guys, they are a group of, uh, idealogues who want to tear uh, do you want to create some, some form of exotic state over syria and a willing to take american money to go to they there. and the definition of what we would think us error as best you know, as long as they help the west interest, we're going to let them run right. get on a state that's thousands of years or better is um, you know, go more history and most of europe end, you know more and, you know, i, the other thing it frightens me with this is guys taking back on your other colleagues. points is this like stick over and over again. you know, this is, this is the west coming up in england, say, no lightning thing when they were colonizing the middle east and the rest of the world or how they see fit. you know, they're going to get parts of it to israel that is re

i shouldn't be of service organization. fundamentally, jonathan powell, it's that a good friday. we negotiated a good friday agreement. the, the u. k. was to agree is that these people sign for their own territory. so we defining them as terrorist is just through our political gains now, these guys, they are a group of, uh, idealogues who want to tear. uh, do you want to create some, some form of these antics, say over syria, and a willing to take american money to go to they there and the definition of what we would think of our steps, you know, as long as they help the west interest, we're going to let them run right. get on a state that's thousands of years old. that is, um, you know, got more history and most of your events, you know more and, you know, i, the other thing it frightens me with this is guys taken back on your other colleagues, clients is this likes to go over again. you know, this is, this is the west clubbing up in england say, yeah, like me think when they were colonizing the middle east and the rest of the world or how they see fit, you know, they're going t

jonathan: chairman powell later. what are you looking for from him?e of the commentary with official after official conveying they believe there is a long way to neutral? do you share that view? ed: the strategy of approaching that fact is starting to change. in august, they told us the labor market is getting to a pretty good place. inflation is close to target. monetary policy is too tight. we will realign monetary policy to the data. that starts on cuts and a journey to neutral. in the last month or so, the focus has changed and has been on growth surprising us to the upside. inflation is starting to stall out. it's been declining. it starts to make sense to work on these pauses. that's a big shift in terms of strategy. i'm looking for clues as to whether that august strategy is in play or we are changing to something different. jonathan: that is really well framed. ed, good to see you. ed al-hussainy on the political instability abroad and what we are seeing at home in the u.s. equity futures doing ok on the s&p 500. gm is down. a lot more with da

jonathan: chairman powell and xi jinping have a lot of common. lisa: go on. and how to respond to them. if they talk to each other they would have some common ground. lisa: interesting analogy i will have to wrap my head around, the junk physician -- juxtaposition of xi jinping and jay powell. how much to the stimulus plans are contingent on what donald trump does. their move with the banning of certain minerals, where earth minerals to the u.s. from china was an opening salvo. how much is it punitive and how much is it stimulative on the domestic territory? annmarie: you can save what jonathan said almost for everyone and ceos looking at -- look at nippon steel and u.s. steel. could the deal get done? everyone wants to see but will be the policy proposals. are they credible? what is a negotiating tactic? what is interesting about china is able to agree on the numbers but we won't know until march. let's say trump comes out and is bigger than the chinese were expecting, get they have to be to get and say that meet again and say we have to -- we have to meet ag

jonathan: crude oil a little bit lower. down -- wti crude 68.43. chair powella cautious approach. >> the labor market is better and the downside risks appear to be less. we can afford to be more cautious as we try to find a neutral. jonathan: that conversation is up next. you are watching bloomberg tv. ♪ ♪♪ ♪♪ the black friday sale is now on. visit sandals.com or call 1-800-sandals jonathan: here is the constructive view from jim caron of morgan stanley. open market is not missing everything. everyone knows tariffs are coming but the markets do not think it will be as bad as people fear. the markets may see positives. it's tariffs are targeted it could help on manufacturing and cap ex." lisa: when it comes to mexico and canada the consensus is those are negotiating tools but when it comes to tariffs that is blanket consensus. even policymakers talking maybe that is what is going on. jonathan: equity futures on the s&p -.5%. yields higher by a single basis point. the 10 year pushing 4.20 again. chair powell taking a cautious approach. >> the economy is strong an

jonathan: up next, we will set you up for the next of the trading day as we count you down to chairman powellpositive across the board come up .1%. from new york, this is bloomberg. ♪ jonathan: the opening bell is 36 minutes away. equity features positive by at 1/10 of 1%. you are familiar with the day ahead and going into the weekend. the final fan decision of the year coming at 2:00 p.m. eastern followed by a news conference at 2:30. tomorrow, another round of jobless claims, rate from the boe and boj. on friday, core cpe and sentiment. and monday, conference board consumer confidence and annmarie will be here still. michael mckee will be here to break it down. you will be in the news conference. give us a flavor of the conference and the kind of questions you will be leaning into? michael: i think everyone wants to get at where they see in inflation and therefore rate cuts going. in the inflation numbers will be very important and eight key to the news conference and what jay powell will say about it. one thing we want to mention is we have been talking about how this affects the treasury

jonathan: the fall guy for this move, sherman powell, down two basis on a 10 year., matthew ms. skin. and zachary warring. we begin with equity futures slipping. lawmakers on capitol hill on the verge of a government shutdown and looking to core pce. matt mrs. wrote this week is why soft endings -- landings are so hard to achieve. one could make the argument that inflation coming down was less about the federal reserve and what about supply chains normalizing and energy prices falling. it is hard to see the fed is implementing restrictive monetary policy giving -- given that conditions have been as easy as sunday morning. why is the stock market getting hammered? matt: we think the fed was more hawkish. when mary daly and says it is a close call, they are telling you you almost got hit by a bus and you didn't. how will saying i pulled you away from almost getting hit by a bus by not hiking at all and we still went through with it but we are telling you next year , be patient and don't expect a lot of rate cuts. the economic projections with no cuts would've been mor

this time around jay powell should be more nuanced. jonathan: i think far more interesting things going on that we should be talking about. terry haynes is going to be joining us later this hour. u.s. telecom networks hacked. and explain mysterious drones flying over new jersey. the sabotage of telecoms cables in the baltic. you put it together, the backdrop right now, the highest political risk in, what, 50 years? we still don't have a clue what's going on worldwide. annmarie: no policy by congress when it comes to the drones. there is no policy and they feel like the administration is on the back foot and they're asking for my answers. we had officials from the fbi, homeland security come out and after talk about drones over people's homes in the shutting down of airports. it doesn't seem to be enough to acquiesce people's concerns. lisa: it is not adding up. i'm sorry. it is just not adding up. they are not a threat. there over crucial infrastructure. we are not sure what they are but they are fine. one thing is not adding up with the other

jonathan: find out the numbers in the next few months. i'm next, chair powellg his tune. >> in the near term the election will have no effects on our policy decisions. some did identify policy uncertainty as the reasons for more uncertainty around inflation. lisa: that conversation -- jonathan: that conversation is up next. from new york you are watching bloomberg tv. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. jonathan: so much to digest following the news conference with chairman powell. they basically delivered a news conference which was consistent with hiking interest rates for the next 45 minutes. lisa: and said it was a closer call and at the same time not necessarily giving clarity as to what would cause them to cut rates or po

powell this week. that is when data dependence is. jonathanhat the options are. if you revise growth hire, revise inflation higher, down unemployment, how are you cutting interest rates? thomas: now it's about where is this neutral right? a great speech last week, could have been the week before. about the range of outcomes on neutral in the range of estimates. we are getting to the top end of that range. what laurie was trying to do was say we are data dependent, we have to feel our way out of this, but the market has responded by pressing in more pauses into next year. i think that is the real question they had to come out with. if they end up cutting, it is just that rates are restricted. we can still come and get that soft landing. lisa: there is a question about whether it matters even right now given the fact that it seems like the fed has taken a backseat to the actual raw economic data, the headline policymaking that seems to be happening. do you think it matters, whether they cut or don't cut, it will make a big difference for investo

powell, though, said no. >> yeah, those are all great points, of course, jonathan. first, in a way, trump got a little bit of a break. the stock market took its pain this year rather than next year. if this is the end of the stock market decline, and obviously we don't know, then he'll be able to -- his watch starts january 20th, of course. secondly, it's important to note that i think the fed was pretty clear yesterday that everything they did has nothing to do with trump's proposals. trump's proposals would actually make all of this worse because he wants tariffs, which are a tax, creates inflation. he wants to cut taxes a lot more. that would raise the budget deficit. that puts pressure on rates. he wants to deport people. that hurts the labor force which forces wages up and creates more inflation. all of this isn't taking into account what he might do. he may have even more pain ahead of him. yes, he'll take on the fed. he can't fire jerome powell. jerome powell has already said, "i ain't going." he has another 15 or 16 months to go, and then trump can put his g

next fed meeting, our expert analysis on jay powell's next move and friday tensions rising on the korean peninsula as china and russia keep a watchful eye. jonathanrnings wih maria." re y.. hey, what's going on? re y.. i'm right here! i was busy cashbacking for the holidays with chase freedom unlimited. you know i can't believe you lost another kevin. it's a holiday tradition! earn big time with chase freedom unlimited. how do you cashback? chase. make more of what's yours. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ maria:lcome ba. the accused killer of united healthcare ceo brian thompson breaking his silence on the way into court yesterday. cheryl casone with details now. >> that's right, the 26-year-old charged with k

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chair powell probably will not do that again, considering he probably will not be up for reelection in 2026. jonathanview tomorrow is cut interest rates. in january, skip. is that line up with the communication you have heard from fed officials the last few weeks? mike: the first part, not the second. fed officials made clear that they were willing to cut this time. they feel they are restrictive, and if you look at the underlying credit issues, credit charges in terms of credit cards, car loans, home loans, they are barely down from when the fed started the cutting cycle. do they pause in january? that is a hard question. we are looking right now at a november number that is not good for department stores and people like that and is very good for non-store retailers. but black friday was the last friday of november, and cyber monday actually took place in december thanks to drew for pointing that out to us. that is the case these numbers are not telling you anything about november and it is really hard to know what it means for the economy. and if i don't know, the fed doesn't know, we are all going

powell in his previous public statement. this week it was we will be cautious. jonathan: for economists, that is the number one question.ean on december 18? pocket participants, what can -- for market participants, what can dent the bullishness on wall street? chris harvey, deutsche bank, barclays. rbc, 6600. david rosenberg, dani, made headlines. posting the following. "those of us who found yourselves on the wrong side of the trade must consider adopting a different strategy." the bears are falling. dani: he said he's not throwing in the bearish towel but admitting what he thought was irrational might not be so irrational. things you here at the top of the cycle. maybe we can make valuations make sense. rosenberg and black rock were out yesterday saying the current valuations aren't about 2025 or 2026. it is the promise of a i. that is tight -- it is the next decade. it is the promise of ai. annmarie: we potentially could see a pullback from right now. i'm stunned at the front page of the ft. investors have pumped almost $140 billion into u.s. equity funds since the election. an entire month, almost 150 billion dollar

michael: you have you -- jonathan: you have used the word we quite a lot talking about the federal reserve and chairman powell'srmance specifically. one excuse that was given is maybe he was struggling to reflect a lack of a consensus on the committee. how much of a diversity of thought is there on the committee? was there some disagreement on the committee at this meeting. mary: i will not speak about the entire committee. when i say we i focus on the things we all agree on which is price stability and full employment. what i would offer is we have a healthy level of discussion and disagreement. you do not want and fomc that thinks exactly alike. i believe that what people are looking like is the fact that now the world is more uncertain and people are debating and bringing in their views and that is appropriate. when it was a pandemic and there was only one direction to move interest rates it was obvious everyone agreed. when inflation was high there was no disagreement. now you should expect more disagreement, more differences of opinion but they are always framed to the same thing. i would get inflation to

he's got jonathan powell, he's the national security adviser . he's got security adviser.got morgan mcsweeney. morgan mcsweeney, i think is more of an election campaigner than a somebody who knows the workings of government. starmer is going to i mean , his ministerial team to i mean, his ministerial team is very weak. that's partly because the parliamentary labour party was very weak, because nobody wanted to be a labour mp in in the corbyn years, some very talented people came in at the election and starmer is clearly fast tracking them into high ministerial office. you saw that with heidi , heidi alexander that with heidi, heidi alexander this week. but it is, i think labouris this week. but it is, i think labour is going to find it really difficult to win a second term. >> fascinating. well, listen, earlier , gb news spoke to the earlier, gb news spoke to the chancellor of the duchy of lancaster, pat mcfadden, about how labour are doing in power so far . take a how labour are doing in power so far. take a listen. >> it's been an absolutely disastrous start to the labou

and we saw jonathan powell. he's been running around, you know, doing sort of shuttle diplomacy, trying to get this thing over the line before president trump takes office. >> yeah. it's not going to work now waspi women, this has been a campaign that has gone on for many, many years. as you know, the pension age for women was 60. it was increased to 65. arguably, that should have been done actually decades ago. but a lot of women have been caught in the middle of all of this. but in 2022, keir starmer appeared being photographed with a couple of waspi women campaigner, saying we the labour party, if we win government are going to sort this problem out for you. there he is on your screens now. liz kendall, another frontbencher, been a long term campaigner but now they come into office. it's all very different and he was asked several questions today about the waspi women by the leader of the waspi women by the leader of the opposition, kemi badenoch, and with even more vigour by certain labour backbenchers. this