jonathon: there are many.you had a variable-rate mortgage right then, it dropped down close to zero. tom: i have 6000 square feet and notting hill, so that worked out as well. the difference between the two year and 10 year, it is really harkening back -37 basis points. the flatline in the united kingdom of one basis point, they make a real distinction here about deep inversion versus flatline. jonathon: some serious version developing here. lisa, that is something you really have to think about a little bit more. lisa: what you could say is that this is faith they have in the federal reserve. in some ways, this is basically saying that the fed is as credible as ever before. they are going to get rates back down to the 2% level or below, they're going to get inflation back there, and that is what you're seeing in the long end, even as they ratchet up what the fed has to do to get there. to me, that is what the indication here is. they are expecting more work on the front end, which does not speak well to the e

jonathon: are we getting close to that? tom: we are definitely moving in that direction and it is a concern to be prepared for. but the stressors just aren't there yet. i'm going to guess 0.90 euro. jonathon: the currencies are not having it at all. lisa: what are they going to do about it? i think this is something a lot of people are facing, which is inflation they have not seen for more than 30 or 40 years. in the face of that, what did they do? what does that look like and how did they project out what the inflationary trend is going to be in an era of deglobalization and structurally potentially higher economy costs? jonathon: capital economics cannot a little earlier this morning and essentially said the question is no long -- no longer about how to avoid a recession, but how to handle one. i just wonder what point we start thinking about this in the united states. what really struck me this morning is how quickly we work to just ignore the pmi's. just ignore them. lisa: negative data at this point is being looked at,

jonathon: i am reeling from these forecasts. tom: truly stunning. jonathon: 30 -- 13% cpi.s is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> when a rally we have seen, the june 16 loan. on the s&p 500, up more than 13%. right now futures positive 5.1% on the s&p. use on the bond market yesterday, how it responded to fed speak. a drop at the long end. curve inversion getting close to -40 basis points at one point this morning. yields up five a basis point or so on the 10 year. more inversion. tom: do the hands again. you look like you are landing an airplane. jonathan: inversion 2s and 10s. up the ba -- the bank of england forecasting recession that last the whole of 2023. pretty brutal. tom: with all your perspective, are we reduxing 91 to 92? jonathan: we will find out from the next prime minister. liz truss, i wonder where that leaves the bank of england. do they ha

we have to wait another 2 hours and then we'll see if it is for jonathon today we've been having so many mixed messages that was, of course, i'm trying to report that a sci fi. we started a p. m, and that didn't happen, then we had to post that is, well, it said it's military option. operation has been successful and now we're hearing that is well has decided to expand its military operations. there was no take on why it's well has decided to do that. it's very simple when if the palestinian, his army just keeps on firing rockets, you cannot expect israel to just sit down and take those rockets is read will react therefore as long as a the palestine in his army just keeps on firing. israel will react if the, these really condition for si, fi is very clear, quiet on one side, quite on the other side. quite simple. i as far as i see it, but these, i mean, judge has certain conditions that it is passing to the junction. mediators only of those conditions will be answered, is a design, then the sci fi will take effect until then these, i mean just says we will keep firing and clearly you can

jonathon beale. at twitter has accused the company of hiding negligent practises, misleading federal regulators about its safety, and failing to properly estimate the number of spam accounts that exist on the social media platform. peter zatco's whistle—blowing testimony, which has been passed to the us regulators, could have serious consequences for the company. twitter says mr zatko's allegations are inaccurate and inconsistent. it says he was sacked in january for what it called ineffective leadership and poor performance. washington post'sjoseph menn was one of the reporters who broke the story about twitter�*s former security chief accusing the company of security and privacy vulnerabilities. earlier i asked him what he thought peter zatko's motive was filing the complaint. zatco is a very unusual person, one of the most famous hackers in america and he has been added since the 1990s. he has pioneered co—ordinated disclosure where researchers find causes and programmes and then work with offende

jonathon marshall, james wilby, jacob peters and jacob whittle were second in their heat and third quickeste men's hammerfinal at the european championships in munich. the commonwealth gold medallist threw 76.09 metres to launch himself into sixth place and secure his place in the final tommorow night. it's early, i'm a bit sleepy. tomorrow is in the evening so that should be better. but it's qualification. a lot of people struggle with it. the final is more fun but the qualification is like, oh, man, you don't feel easy, it's a bit of a balancing game. find oh, man, you don't feel easy, it's a bit of a balancing game.— bit of a balancing game. and james heatl and bit of a balancing game. and james heatly and grace _ bit of a balancing game. and james heatly and grace reid _ bit of a balancing game. and james heatly and grace reid have - bit of a balancing game. and james heatly and grace reid have won - heatly and grace reid have won silver medals in the mixed three metre synchro diving at the european aquatics championships. you can see more on the website. good afternoon. you are watching

i got jonathon alleyne and meghan big kids at heart and you've been here a few times.tell us what it's like. oh, no, it's awesome. it really is. fun for all ages. you got paul slides, medium slides, kitty slides, kiddie pool, indoor pool outdoor pool. it's awesome, and the weather is usually really really nice in the summer, so today's chamber of commerce day and it's free today, too, right? yes so thank you guys for making it happen by the way he's gone down the emerald splash about 100 times since i've been here, elaine, what do you think it's beautiful here today is good weather. sunny, not too windy. we love dublin. it's great here. dublin's great family friendly. i was just going to ask you about your city. what is so special about that? it's great. it's beautiful here, a lot of parks and family friendly. it's great. you can tell because i think every family stand here right now and make it tell us why you're here today. i'm just here because i heard that the way he was having a free day and i love the way great place to come. it's a nice neighborhood park just to

jonathon marshall, james wilby, jacob peters and jacob whittle were second in their heat and third quickestt threw 76.9 metres to launch himself into 6th place and secure his place in the final tommorow night. it is early and i'm a bit sleepy but tomorrow is in the evening so that should be better. but it is qualification and a lot of people struggle with it. the final is more fun. it is kind of like them you don't throw hard, and you don't throw easy, it is a bit of a balancing game. that's all the sport for now. the republican congresswoman liz cheney, a fierce critic of donald trump, has lost her seat in the house of representatives to a candidate who supports the former president's unfounded claims of voter fraud. liz cheney was defeated in a primary election in the state of wyoming by this woman — harriet hageman. she's a relative newcomer to politics, and is in fact a former advisor to cheney, but significantly, she is backed by donald trump. ms cheney — who's the daughter of former vice—president dick cheney — was once a rising republican star. she was one of only two members of her

jonathon marshall, james wilby, jacob peters and jacob whittle were second in their heat and third quickestut you don't throw easy, it's a bit of a balancing game.— of a balancing game. all eyes will be on that final _ of a balancing game. all eyes will be on that final indeed. _ of a balancing game. all eyes will be on that final indeed. that - of a balancing game. all eyes will be on that final indeed. that all i of a balancing game. all eyes will| be on that final indeed. that all of your sport forjust be on that final indeed. that all of your sport for just now. partners of those who died will qualify for payment but campaigners say the majority of those affected have been ignored. thousands of victims of the contaminated blood scandal will receive 100—thousand—pounds each in compensation from the government. the announcement follows a recommendation made last month by the chair of the public inquiry, into what's been described as the worst treatment disaster in the history of the nhs. it led to the deaths of at least two—thousand—400 people, after they were infected with lethal viruses