36
36
tv
eye 36
favorite 0
quote 0
this september this month coming up that we have been warning you here in kaiser report and here's mark carney he's a former hockey player so hockey players like max guys are m.r. carney no what they're talking about he's suggesting in all coins this crypto currency for global central bankers but that's not going to work they're going to come to because they're going to come to gold imagine we'll take a break and come back after us don't know what. our doing this with some room to do into the. imitation fields the agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of enviro
this september this month coming up that we have been warning you here in kaiser report and here's mark carney he's a former hockey player so hockey players like max guys are m.r. carney no what they're talking about he's suggesting in all coins this crypto currency for global central bankers but that's not going to work they're going to come to because they're going to come to gold imagine we'll take a break and come back after us don't know what. our doing this with some room to do into the....
25
25
tv
eye 25
favorite 0
quote 0
probably in the next episode about their latest market rigging sort of stories but and terms of mark carney what he's suggesting is the dollars dominance of the global financial system increase the risks of a liquidity trap of ultra low interest rates and weak growth carney told central bankers from around the world as they gathered in jackson hole where the world's economy is being reordered he said the u.s. dollar remains as important as when britain wood's collapse so he sees that the world is being reordered we've been saying that we've been warning about this for 10 years 10 years this september this month coming up that we have been warning you here in kaiser report and here's mark carney he's a former hockey player so hockey players like max guys are m.r. carney no what they're talking about he's suggesting in all coins this crypto currency for global central bankers but that's not going to work they're going to come to because they're going to come to gold imagine we'll take a break and come back after us don't go what. seems wrong. when i. just don't. i mean the world to get to sha
probably in the next episode about their latest market rigging sort of stories but and terms of mark carney what he's suggesting is the dollars dominance of the global financial system increase the risks of a liquidity trap of ultra low interest rates and weak growth carney told central bankers from around the world as they gathered in jackson hole where the world's economy is being reordered he said the u.s. dollar remains as important as when britain wood's collapse so he sees that the world...
39
39
Aug 3, 2019
08/19
by
BBCNEWS
tv
eye 39
favorite 0
quote 0
mark carney says he's not playing up the scare.no—deal brexit the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk means a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that they could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that you could put up slows down, and that you could put up prices. it may take a while to get to borisjohnson‘s vision of a sunlit uplands after no—deal brexit, mr carney says, because the week ab
mark carney says he's not playing up the scare.no—deal brexit the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk means a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that they could also be...
48
48
Aug 3, 2019
08/19
by
BBCNEWS
tv
eye 48
favorite 0
quote 0
mark carney says he is not playing up the scare.-deal brexit doctor the economy is instantaneous and that instantly you have the supply not just that instantly you have the supply notjust disruptions, i'm not talking about just the notjust disruptions, i'm not talking aboutjust the issues at the ports, which are real, but you have businesses that no longer are economic —— shock. businesses that no longer are economic -- shock. a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that they could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so you're bound by these you fewer dollars or euros to buy imported goods with, so those prices go up. —— pound. the other thing is that the supply of goods from a broad slows down and that too could push up prices. it may take a while to get to borisjohnson‘s vision of a sunlit uplands after no—deal brexit, mr
mark carney says he is not playing up the scare.-deal brexit doctor the economy is instantaneous and that instantly you have the supply not just that instantly you have the supply notjust disruptions, i'm not talking about just the notjust disruptions, i'm not talking aboutjust the issues at the ports, which are real, but you have businesses that no longer are economic —— shock. businesses that no longer are economic -- shock. a shift to the world trade organisation regime means higher...
57
57
Aug 3, 2019
08/19
by
BBCNEWS
tv
eye 57
favorite 0
quote 0
mark carney says he's not playing up the scare.no—deal the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consum
mark carney says he's not playing up the scare.no—deal the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be...
65
65
Aug 2, 2019
08/19
by
BBCNEWS
tv
eye 65
favorite 0
quote 0
mark carney says he is not playing at the scare.us and insta ntly, the economy is instantaneous and instantly, you have these supply, not just instantly, you have these supply, notjust disruptions, so i am not talking about just the notjust disruptions, so i am not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well-known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney is saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets wea ker brexit, one is that the pound gets weaker so your pound buys you fewer dollars or euros to buy imported goods with so those prices go up. the other thing that could happen is the supply of goods from abroad going through our ports and airports slows down and that could also push up slows down and that could also push up prices. i
mark carney says he is not playing at the scare.us and insta ntly, the economy is instantaneous and instantly, you have these supply, not just instantly, you have these supply, notjust disruptions, so i am not talking about just the notjust disruptions, so i am not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well-known risk is that a shift to the world trade organisation regime means higher tariffs added to...
77
77
Aug 1, 2019
08/19
by
BLOOMBERG
tv
eye 77
favorite 0
quote 0
it will be interesting to see how mark carney navigates these different cult -- difficult questions onand confuses about what comes next. the bank of england up now with carney's first pass and earnings continue with european banks and shell disappointing. welcome to "bloomberg daybreak." we are waiting for the bank of england's decision and surprise and surprise they held it at 75 basis points. that is the bank rate. >> this is largely what has been expected. however the key is how they are going to indicate their path going forward at a time when their inflation rate is picking p. david: the initial headline says they're not projecting for a postbrexit world. they're not trying to figure that out. et's go now to bloomberg's nejra. we're not very surprised about the rate. what relation we learning? reporter: you pointed to one thing which is
it will be interesting to see how mark carney navigates these different cult -- difficult questions onand confuses about what comes next. the bank of england up now with carney's first pass and earnings continue with european banks and shell disappointing. welcome to "bloomberg daybreak." we are waiting for the bank of england's decision and surprise and surprise they held it at 75 basis points. that is the bank rate. >> this is largely what has been expected. however the key is...
57
57
Aug 1, 2019
08/19
by
BLOOMBERG
tv
eye 57
favorite 0
quote 0
that will make mark carney's job more difficult.d brett, coming down after a strong march up. trading for 57 old 81 a barrel. after the first rate cut in more than a decade. focus shifts to the bank of england. grappling with the new realities of brexit. the growing possibility of a no deal exit. the sinking pound. we see a slew of manufacturing pmi data. including german pmi, down for seven months in a row. guest from commerzbank is still with us. mark carney has been doing his best to convince markets he wants to hike rates. can he do that, especially we know boris is doubling provisions for a no deal brexit? market says no, he cannot and is pricing and a rate cut. the bank of england should maintain its implicit tightening bias. they have big an explicit inflation target. shows, they were probably move even further above the target across the horizon. therefore, even though it does not seem to fit the global picture, for the time being, they will maintain this small implicit bias to raise rates. carney does not successfully ackno
that will make mark carney's job more difficult.d brett, coming down after a strong march up. trading for 57 old 81 a barrel. after the first rate cut in more than a decade. focus shifts to the bank of england. grappling with the new realities of brexit. the growing possibility of a no deal exit. the sinking pound. we see a slew of manufacturing pmi data. including german pmi, down for seven months in a row. guest from commerzbank is still with us. mark carney has been doing his best to...
40
40
Aug 3, 2019
08/19
by
BBCNEWS
tv
eye 40
favorite 0
quote 0
mark carney says he's not playing up the scare.no deal, the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit, one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consu
mark carney says he's not playing up the scare.no deal, the shock to the economy is instantaneous and that instantly you have the supply — notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real, but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be...
74
74
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 74
favorite 0
quote 0
governor mark carney says thatis economy.is wrong and is preparing his own technical assessment for next month. faisal islam, bbc news. a jury has found a woman guilty of murdering her two young daughters. 23—year old louise porton from rugby, killed three—year—old lexi draper and 17—month—old scarlett vaughan early last year. 0ur correspondent sima kotecha has the story. cctv footage showing three—year—old lexi on the left and 17—month—old scarlett, returning home with their mother early last year. she's 23—year—old louise porton, a former model from warwickshire whose selfishness led to the unimaginable. the murder of her two girls, just weeks apart. first it was lexi, who'd been taken to hospital on two occassions before. 0n the 2nd of january last year, louise porton called 111, telling them lexi had stopped breathing. she was kept in hospital overnight. two days later, she called 999 to say lexi had stopped breathing again. paramedics attended the address, revived her and took her to hospital. she was kept in but on the
governor mark carney says thatis economy.is wrong and is preparing his own technical assessment for next month. faisal islam, bbc news. a jury has found a woman guilty of murdering her two young daughters. 23—year old louise porton from rugby, killed three—year—old lexi draper and 17—month—old scarlett vaughan early last year. 0ur correspondent sima kotecha has the story. cctv footage showing three—year—old lexi on the left and 17—month—old scarlett, returning home with their...
66
66
Aug 23, 2019
08/19
by
BLOOMBERG
tv
eye 66
favorite 0
quote 0
that is jay powell and mark carney having a conversation.ot all of the global central bankers that typically go where there this year. why was there a dearth of global central bankers? embarrassment? .att: that is a good question certainly there are representatives from all of the major central banks, but not all of the top policymakers have shown up. perhaps it would have been a good gear to get them all in a room together. you never know what everyone's plans are and so on and so forth. it is good that at least they have some people here and we will be talking these things out over the course of the weekend. vonnie: again, jay powell and mark carney there together. no doubt they will have seen, or somebody will have told them about the president weighing in. stephen roach, let me ask you this. carmen reinhart told us she thinks hong kong is a bigger threat when markets have been pricing in. she thinks it could be a shock to the global economy. are you there yet? do you see hong kong has escalating and causing a shock financial markets? ste
that is jay powell and mark carney having a conversation.ot all of the global central bankers that typically go where there this year. why was there a dearth of global central bankers? embarrassment? .att: that is a good question certainly there are representatives from all of the major central banks, but not all of the top policymakers have shown up. perhaps it would have been a good gear to get them all in a room together. you never know what everyone's plans are and so on and so forth. it is...
55
55
Aug 1, 2019
08/19
by
BLOOMBERG
tv
eye 55
favorite 0
quote 0
david: mark, we heard mr. carneywe don't know what's going to happen so we can't plan it out too much. how are investors in fixed income position, how do they take that into account when it comes to the possibility of a no-deal brexit as it it's -- as it's called? >> i think this is a very difficult dynamic to handicap as far as what you're doing with your fixed income portfolio. the big picture of what we're seeing in the numbers out of the u.k. looks inflationary to me. you have slowing growth, you have a bit of inflation, you've got a situation where your prime minister is kind of stuck on the zip line and waving his hands in the air around this brexit situation. so it's going to be a very tricky execution going forward. i think it makes sense for them to keep their powder dry. but as far as the rate dynamic across this, i would say that i think the market is betting that they're going to cut. i think from that standpoint, if you're looking at duration in a fixed income portfolio, that's why you've seen continued
david: mark, we heard mr. carneywe don't know what's going to happen so we can't plan it out too much. how are investors in fixed income position, how do they take that into account when it comes to the possibility of a no-deal brexit as it it's -- as it's called? >> i think this is a very difficult dynamic to handicap as far as what you're doing with your fixed income portfolio. the big picture of what we're seeing in the numbers out of the u.k. looks inflationary to me. you have slowing...
81
81
Aug 2, 2019
08/19
by
CNBC
tv
eye 81
favorite 0
quote 0
the forecast assumes the uk will depart from the european union with a brexit deal governor mark carneyed that growth could be much slower if that departure goes ahead without a deal >> it's not as simple as saying in the event of no-deal there's one path policy could take no-deal would unusually for an economic shock be an instant shock not just to demand, which is what everybody is used to seeing, but a shock to supply. there will be supply capacity in this economy that will become uneconomic >>> it's a challenge for mark carney to do anything that will help support the pound at the moment you see that sterling, despite that weakness overnight in dollar, is still trading weaker against the u.s. currency. dollar there weaker against yen and obviously weaker against the euro we're still here with andreas. he follows this closely. do you subscribe to the idea that trump, by introducing tariffs on the remaining 3$300 billion worth of chinese goods is potentially keying on weakening the u.s. dollar? this is an effort by him to weaken the dollar? something he called for and pushed for for s
the forecast assumes the uk will depart from the european union with a brexit deal governor mark carneyed that growth could be much slower if that departure goes ahead without a deal >> it's not as simple as saying in the event of no-deal there's one path policy could take no-deal would unusually for an economic shock be an instant shock not just to demand, which is what everybody is used to seeing, but a shock to supply. there will be supply capacity in this economy that will become...
64
64
Aug 2, 2019
08/19
by
BBCNEWS
tv
eye 64
favorite 0
quote 0
mark carney says he's not playing up the scare.hese supply, notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real — but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit. one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson's vision of sunlit uplands after a no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consumers‘ purses and wallets at petrol station forecourts and grocery stores. bu
mark carney says he's not playing up the scare.hese supply, notjust disruptions — so i'm not talking aboutjust the issues at the ports, which are real — but you actually have businesses that no longer are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in...
70
70
Aug 25, 2019
08/19
by
CNBC
tv
eye 70
favorite 0
quote 0
steve, thank you steve liesman with the bank of england governor, mark carney. mike khouw, what do you make of this in the price many of the most recent ramp up of trade tensions with china? >> one of the things i found interesting myself was he was talking about how central banks and maybe the fed have less wiggle room or ability now than they had perhaps before the credit crisis. i'm not entirely sure that that's true. we have to first think about how much of an impact we think fed can have and what are we actually talking about and trying to mitigate it. is it an issue of trying to support gdp in the united states are we trying to focus on employment are we trying to focus on inflation. it is what we are talking about on this show, right? i think it is interesting because, of course, we have seen unconventional policy. when you have unconventional policy like qe, i don't think they have that -- i don't want to see us go back to that. i don't think we need to there is almost unlimited room i would suggest. >> thinking about the amount you can cut, there's dece
steve, thank you steve liesman with the bank of england governor, mark carney. mike khouw, what do you make of this in the price many of the most recent ramp up of trade tensions with china? >> one of the things i found interesting myself was he was talking about how central banks and maybe the fed have less wiggle room or ability now than they had perhaps before the credit crisis. i'm not entirely sure that that's true. we have to first think about how much of an impact we think fed can...
94
94
Aug 23, 2019
08/19
by
CNBC
tv
eye 94
favorite 0
quote 0
take it away. >> reporter: thanks, melissa with mark carney, governor of the bank of england. escalated tariffs, president trump escalate it. talk about the global effects of the trade war between the u.s. and china. >> obviously can't comment on today's effects, but if we take a step back what has been happening is the direct effects between the u.s. and china of the actual tariffs, you know, they're starting to get up towards potentially over the course of
take it away. >> reporter: thanks, melissa with mark carney, governor of the bank of england. escalated tariffs, president trump escalate it. talk about the global effects of the trade war between the u.s. and china. >> obviously can't comment on today's effects, but if we take a step back what has been happening is the direct effects between the u.s. and china of the actual tariffs, you know, they're starting to get up towards potentially over the course of
41
41
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 41
favorite 0
quote 0
the governor did say in a voice—over, mark carney did say it would be an instantaneous shock. a very sharp shock. he was saying the banks will still be able to operate but you will see big movements in things like how strong the pound is. we have already seen people going on theirsummer have already seen people going on their summer holidays and if they leave it to the airport to get their currency, they are facing parity with dollar, with the euro. that is a real impact on how people think about the power of their money, if they see a sudden change in what the international exchange rates can offer. what did you make of his point that the british people are watching the pennies, they are not extending themselves, they are spending within their real means? yes, and it is important you say the word real, because he is factoring in inflation. rather than going out and putting more money on your credit card. so it speaks to a less confident consumer on the one hand, but it also means we are not doing things like in the past where we saw a big consumer credit bubble in 2008 ora a
the governor did say in a voice—over, mark carney did say it would be an instantaneous shock. a very sharp shock. he was saying the banks will still be able to operate but you will see big movements in things like how strong the pound is. we have already seen people going on theirsummer have already seen people going on their summer holidays and if they leave it to the airport to get their currency, they are facing parity with dollar, with the euro. that is a real impact on how people think...
59
59
Aug 2, 2019
08/19
by
BBCNEWS
tv
eye 59
favorite 0
quote 0
what mark carney has to say and plenty more on the website, if you go to the business live website.onald trump has said he will impose a fresh 10% tariff on another $300 billion of chinese goods. a sharp escalation of the trade war between the two countries and that‘s having an effect on the markets. we can check in on how the main european indices are doing. particularly the export reliant dax in frankfurt, a trade war hitting investors‘ sentiment there, but also the ftse and the cac. and the pound is looking weak, down against the dollar. another busy week of economic news as global fears trigger an interest rate cut in the us while brexit worries continue to ta ke us while brexit worries continue to take their toll in the uk. economics editor faisal islam is here to talk through it all. yourfirst editor faisal islam is here to talk through it all. your first time editor faisal islam is here to talk through it all. yourfirst time in business live, welcome to the programme. you haven‘t been here before so we will be extra nice to you. actually, we won‘t do that start interest rates
what mark carney has to say and plenty more on the website, if you go to the business live website.onald trump has said he will impose a fresh 10% tariff on another $300 billion of chinese goods. a sharp escalation of the trade war between the two countries and that‘s having an effect on the markets. we can check in on how the main european indices are doing. particularly the export reliant dax in frankfurt, a trade war hitting investors‘ sentiment there, but also the ftse and the cac. and...
79
79
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 79
favorite 0
quote 0
here's the bank's governor mark carney on that prospect.n the event of no deal, it is probable that the inflation will rise in the growth will slow. for example, our agents surveys of businesses say that most companies report that they are largely ready for no deal. however, just a fifth describe themselves as fully ready while three quarters of respondents say they were as ready as they can be. before mark carney spoke the government announced it's prepared to spend 2.1 billion pounds that's 2.5 billion dollars to get ready for no deal. that's double the amount it had previously set aside, and a third of the overall brexit budget. but the government insists it's just an insurance policy. here's the uk's chancellor of the exchequer. since i have arrived at the treasury, i have charge of the preparations across government to prepare for no deal. not because we wanted, but because we have to be prepared because we will be leaving on october the 31st. 2.5 billion dollars is still a lot of money to spend on something that might not happen. but
here's the bank's governor mark carney on that prospect.n the event of no deal, it is probable that the inflation will rise in the growth will slow. for example, our agents surveys of businesses say that most companies report that they are largely ready for no deal. however, just a fifth describe themselves as fully ready while three quarters of respondents say they were as ready as they can be. before mark carney spoke the government announced it's prepared to spend 2.1 billion pounds that's...
98
98
Aug 23, 2019
08/19
by
CNBC
tv
eye 98
favorite 0
quote 0
we have an interview with rich clarida and later, mark carney, the governor of the bank of england. >'ve done jackson hole a number of years this one is one for the record books. great work our steve liesman in jackson hole today >>> let's get back to washington eamon javers with some news out of the white house, which we're all attuned to >> a source confirms what we believed, which is that the president is in the white house right now meeting with his trade team just a few moments ago, i saw peter navarro and robert lighthizer waiting outside the oval office. this source confirming that meeting is ongoing as we speak white house officials not offering any explanation as to why the president believes that he can, quote, hereby order american companies to move their supply chains out of china remember, this tweet from earlier today, the president saying, our great american companies are hereby ordered to immediately start looking for an alternative to china, including bringing your companies home and making your products in the usa. officials not explaining what legal or moral authori
we have an interview with rich clarida and later, mark carney, the governor of the bank of england. >'ve done jackson hole a number of years this one is one for the record books. great work our steve liesman in jackson hole today >>> let's get back to washington eamon javers with some news out of the white house, which we're all attuned to >> a source confirms what we believed, which is that the president is in the white house right now meeting with his trade team just a few...
153
153
Aug 24, 2019
08/19
by
CNBC
tv
eye 153
favorite 0
quote 0
steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trumpscalated, talk about the global effects of the trade war between the u.s. and china? >> well,
steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trumpscalated, talk about the global effects of the trade war between the u.s. and china? >> well,
35
35
Aug 2, 2019
08/19
by
BBCNEWS
tv
eye 35
favorite 0
quote 0
mark carney says he‘s not playing up the scare.onger are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit. one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go up. the other thing that could happen is that the supply of goods from abroad going through our ports and airports slows down, and that too could push up prices. it may take a while to get to borisjohnson‘s vision of sunlit uplands after a no—deal brexit, mr carney said, because the weaker pound expected on the markets may hit consumers‘ purses and wallets at petrol station forecourts and grocery stores. but his own data shows most businesses are now as prepared as they can be, and mr carney‘s view isn‘t the only one. i think it's important to note the
mark carney says he‘s not playing up the scare.onger are economic. the well—known risk is that a shift to the world trade organisation regime means higher tariffs added to imported or exported goods. but what mark carney‘s saying is that it could also be inflationary in other ways. mark carney has highlighted two things that could happen in a no—deal brexit. one is that the pound gets weaker, so your pound buys you fewer dollars or euros to buy imported goods with, so those prices go...
54
54
Aug 1, 2019
08/19
by
BLOOMBERG
tv
eye 54
favorite 0
quote 0
what was interesting was his update of economic forecast, mark carney saying the u.k. could follow a wide range of paths in the coming years. one of the paths not included was the u.k. leaving the eu without a deal. it seems mark carney and his team at the bank of england unwilling to comment or prepare for a change in government policy until the u.k. government has made the change to that policy. mark carney quoted boris johnson saying earlier this week that he is not aiming for a no deal exit from the european union. david: the is not aiming for it, that every time i have heard him talk he said he is perfectly prepared to do it. he does not seem to be in the position to get a deal by october 31. at what point will he have to plan for the no deal brexit. terms oft is light in when can the bank of england plan for it. a lot of other areas and people are focusing on these other comments from boris johnson and his team, particularly the financial markets. with saw the pound resume it slide against the dollar after a brief pause yesterday, it fell below 1.21 one point aft
what was interesting was his update of economic forecast, mark carney saying the u.k. could follow a wide range of paths in the coming years. one of the paths not included was the u.k. leaving the eu without a deal. it seems mark carney and his team at the bank of england unwilling to comment or prepare for a change in government policy until the u.k. government has made the change to that policy. mark carney quoted boris johnson saying earlier this week that he is not aiming for a no deal exit...
28
28
tv
eye 28
favorite 0
quote 0
. * saying no bad guys a report but we told you about this we warned you that the likes of mark carney from the bank of england would be standing on us soil in jackson hole this last weekend and saying get rid of the dollar we warned you the gold would be rising as the system under which we live would be collapsing and the us empire is definitely going down in a very roman style decline i fully expect trump will point to a favorite horse to replace jay powell by the end of this year sounds like a george galloway speech we warned you about a pack of lies it's a pack of lies of course for the scottish brogue hey george what's happening you've got it all your are is about at the mess he's running down yes that's right but look your talk about trump i know it's happening in the united states just cable news is the as i say a professional wrestling the heel right and trump is steve austin. all the miles entire career on steve austin the professional wrestler and now we've got mark carney bashing the dollar we've got the world waking up to the fact that the us dollars the world reserve curre
. * saying no bad guys a report but we told you about this we warned you that the likes of mark carney from the bank of england would be standing on us soil in jackson hole this last weekend and saying get rid of the dollar we warned you the gold would be rising as the system under which we live would be collapsing and the us empire is definitely going down in a very roman style decline i fully expect trump will point to a favorite horse to replace jay powell by the end of this year sounds like...
91
91
Aug 24, 2019
08/19
by
CNBC
tv
eye 91
favorite 0
quote 0
steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trump escalated, talk about the global effects of the trade war between the u.s. and china? >> well, obviously, can't comment on just today's effects, but if we take a step back, what has been happeningthe direct effects between the u.s. and the uk or the u.s. and china of the actual tariffs and, you know, they're starting to get up towards potentially over the course of the two, three-year period about one percentage point lower for u.s. gdp if they all remain in place. there is the direct effects. what is happening globally is a confidence effect on business. business confidence, not just in the u.s. and china, but all across those supply chains more broadly because it's not, as you know, just a series of measures between those jurisdictions. we had issues around auto and still have issues around steel and we have issues in terms of the technology complex, if i can put it that way. and those effects are at least as material as the direct trade effects and those effects are impacting all o
steve, take it away. >> thanks very much, melissa here at jackson hole with mark carney president trump escalated, talk about the global effects of the trade war between the u.s. and china? >> well, obviously, can't comment on just today's effects, but if we take a step back, what has been happeningthe direct effects between the u.s. and the uk or the u.s. and china of the actual tariffs and, you know, they're starting to get up towards potentially over the course of the two,...
44
44
Aug 28, 2019
08/19
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
i think mark carney has said they might be back in and looking at stimulus there. think the matter what you are doing, everyone is like you have to get in here now because central banks are just going to continue this path. >> everyone buy a home. >> bloomberg alex harris, thank you. coming up, with a look at cannabis operators. this is bloomberg. ♪ .> breaking news forever 21 has been struggling to turn around. familiar,to people potentially filing for bankruptcy. stalledions so far have according to people familiar with the situation. operator reported revenue of over $38 million. want to welcome the largest shareholder, the biggest u.s. company by market value, so thank you. .alk to us obviously, a lot of growth in the space. one of the themes is people want to see profits and people wonder when they will be more readily available. the revenue is there. talk to us about what you envision. >> you have to differentiate between the canadian tennis mark of it -- canadian cannabis market. market, it got going about five years ago so companies are still at an earlier
i think mark carney has said they might be back in and looking at stimulus there. think the matter what you are doing, everyone is like you have to get in here now because central banks are just going to continue this path. >> everyone buy a home. >> bloomberg alex harris, thank you. coming up, with a look at cannabis operators. this is bloomberg. ♪ .> breaking news forever 21 has been struggling to turn around. familiar,to people potentially filing for bankruptcy. stalledions...
37
37
tv
eye 37
favorite 0
quote 0
not art carney i'm thinking about honeymooners i mean mark carney over there the bank of england in london you know he's down almost to the point of being a big coin drone he now is embracing digital currencies as a global solution against the dollar the global insurrection goes banker occupation we start of that really before occupy wall street before the revolution in cairo before obviously the goal in france or the protests in hong kong they're all connected all these protests are connected they're all connected to a rebellion against fear of money and banks they're all global insurrection against banker occupation the solution for this. is because the solution to the protests in hong kong is bitcoin the solution to the oppression in egypt is a big point it has the same solution they have all these groups are brought to us thing once the penny drops or the big coin drops and they understand this then you'll see that $100000.00 prize pretty quickly yeah i think even before the arab spring so-called spring was the indignados in spain that's when we started to talk about a global insurrect
not art carney i'm thinking about honeymooners i mean mark carney over there the bank of england in london you know he's down almost to the point of being a big coin drone he now is embracing digital currencies as a global solution against the dollar the global insurrection goes banker occupation we start of that really before occupy wall street before the revolution in cairo before obviously the goal in france or the protests in hong kong they're all connected all these protests are connected...
58
58
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 58
favorite 0
quote 0
the governor of the bank of england, mark carney, was pushed to comment on what would happen to the economyppen to the economy in the event of a no—deal brexit. in the event of no deal, it's probable that cpi inflation would rise and gdp growth would slow. for example, our agents surveyed for businesses find that most companies now report that they're largely ready for no—deal. however, just a fifth described themselves as fully ready, while three quarters of respondentss say "they are as ready as they can be" and despite greater preparedness, businesses still expect their output, employment and investment to fall by about 1% — 3% over the next year in the event of no—deal. that is the governor of the bank of england speaking earlier. some people say we are always getting gloomy forecast for the bank of england, some people will say this project fear, why should we care what mark carney says? there are those that will see that and some take a dim view of the sta nce and some take a dim view of the stance that mark carney has taken about brexit but the important thing about brexit but the im
the governor of the bank of england, mark carney, was pushed to comment on what would happen to the economyppen to the economy in the event of a no—deal brexit. in the event of no deal, it's probable that cpi inflation would rise and gdp growth would slow. for example, our agents surveyed for businesses find that most companies now report that they're largely ready for no—deal. however, just a fifth described themselves as fully ready, while three quarters of respondentss say "they are...
55
55
Aug 21, 2019
08/19
by
BLOOMBERG
tv
eye 55
favorite 0
quote 0
mark carney stepped down at the end of january. he twice extended his tenure to provide continuity during the split from the eu. china has detained an employee of the u.k. consulate during his trip to the mainland according to his girlfriend who says he has been missing since august 8. police in hong kong have launched a missing person investigation and are keeping contact with chinese authorities. president trump is canceling his meeting with denmark's leader because she does not want to talk about selling greenland. he tweeted copenhagen saved a lot of effort by being so direct. trump described it as a large real estate deal. denmark's prime minister has ruled out the sale saying she hopes he is not serious. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus: coming up, italy's prime minister quits after launching a scathing attack on matteo salvini, good -- but could he return? this is bloomberg. ♪ manus: it is a beauti
mark carney stepped down at the end of january. he twice extended his tenure to provide continuity during the split from the eu. china has detained an employee of the u.k. consulate during his trip to the mainland according to his girlfriend who says he has been missing since august 8. police in hong kong have launched a missing person investigation and are keeping contact with chinese authorities. president trump is canceling his meeting with denmark's leader because she does not want to talk...
90
90
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 90
favorite 0
quote 0
mark carney. same time, concerns about a no deal pushing the value of the pound down and pushes up value of the pound down and pushes up the cost of living. but that is with a deal. even the bank of england says, we think realistically what the scenarios we are looking at right now, what happens if there is ano right now, what happens if there is a no deal? the good news, they say, is their own research shows businesses are more prepared. they know what they are doing, to a greater degree. there is only so much you can prepare for. when you hear what mark carney said in that press co nfe re nce , hear what mark carney said in that press conference, he said we will see growth taking a bit of a knock and information being higher than otherwise. shall we believe him? that's the question again, but even if we don't, and they do turn out to be right, it does highlight an issue here. what do you do with interest rates if you are the bank of england and all that happens? if prices are going up, inflation
mark carney. same time, concerns about a no deal pushing the value of the pound down and pushes up value of the pound down and pushes up the cost of living. but that is with a deal. even the bank of england says, we think realistically what the scenarios we are looking at right now, what happens if there is ano right now, what happens if there is a no deal? the good news, they say, is their own research shows businesses are more prepared. they know what they are doing, to a greater degree....
30
30
tv
eye 30
favorite 0
quote 0
will gathering in jackson hole wyoming here he is walking with outgoing bank of england governor mark carney after delivering his remarks the world's most powerful central banker said the u.s. economy continued to perform well but he did note the risks linked to its trade war with china and said monetary policy alone cannot fix all the potential economic fallout from it. and we're back with yes quarter on wall street now again what is wall street expecting now with regard to future rate cuts. jerome paul as expected stood not clearly mentioned that we are going to see another interest rate cut anytime soon he said that he's going to he and his fellow. members of the federal reserve are going to close the observe the developments and then act accordingly but the bets on wall street are crystal clear investors here see 100 percent chance that we will see another rate cut at the next meeting mid september and chances for another rate cut in october stand at more than 70 per cent so wall street is convinced we will see those rate cuts and that actually the market a little bit before we got this
will gathering in jackson hole wyoming here he is walking with outgoing bank of england governor mark carney after delivering his remarks the world's most powerful central banker said the u.s. economy continued to perform well but he did note the risks linked to its trade war with china and said monetary policy alone cannot fix all the potential economic fallout from it. and we're back with yes quarter on wall street now again what is wall street expecting now with regard to future rate cuts....
32
32
tv
eye 32
favorite 0
quote 0
will gathering in jackson hole wyoming here he is walking with outgoing bank of england governor mark carney after delivering his remarks the world's most powerful central banker said the u.s. economy continued to perform well but he did note the risks linked to its trade war with china and said monetary policy alone cannot fix all the potential economic fallout from it. and we're back with course to on wall street now again what is wall street expecting now with regard to future rate cuts jerome paul as expected stood not to mention that we are going to see another interest rate cut anytime soon you said that he's going to he and his fellow. members of the federal reserve are going to close the observed the developments and then act accordingly but the bets on wall street are crystal clear investors here see 100 percent chance that we will see another rate cut at the next meeting mid september and chances for another rate cut in october stand more than 70 percent of wall street is convinced the world see those rate cuts and they've actually calmed the market a little bit before we got this
will gathering in jackson hole wyoming here he is walking with outgoing bank of england governor mark carney after delivering his remarks the world's most powerful central banker said the u.s. economy continued to perform well but he did note the risks linked to its trade war with china and said monetary policy alone cannot fix all the potential economic fallout from it. and we're back with course to on wall street now again what is wall street expecting now with regard to future rate cuts...
106
106
Aug 9, 2019
08/19
by
BLOOMBERG
tv
eye 106
favorite 0
quote 0
is unlikely to going to recession, but nevertheless it looks like mark carney will leave as governorf england with rates exactly, where he found them -- 50 basis points. it is a tough does it -- vonnie: it is a tough decision. given that it is friday, i feel like i have the right to award a time. i've a good mind to make you do a tiebreaker, because we probably have time to fit it one more before the end of the show, but i will not make you. wti discount to spread and the bank of england, which be gearing up for exciting times. guy: absolutely. we'll see what the central banks do. it is worth noting europe is now closed. what a week it has been. the complete market story this week, we've seen equity markets gyrating, bond markets catching a strong bid. the massive moves in the treasury market in the bond market and now the btp market. some volatility in foreign exchange. what a week it has been, and this is august. who would've thought we would have a quiet august? vonnie: a few years ago august changed and it has been busy every august. finishing the week where the week began on chi
is unlikely to going to recession, but nevertheless it looks like mark carney will leave as governorf england with rates exactly, where he found them -- 50 basis points. it is a tough does it -- vonnie: it is a tough decision. given that it is friday, i feel like i have the right to award a time. i've a good mind to make you do a tiebreaker, because we probably have time to fit it one more before the end of the show, but i will not make you. wti discount to spread and the bank of england, which...
49
49
Aug 15, 2019
08/19
by
BLOOMBERG
tv
eye 49
favorite 0
quote 0
luke: i have not been a fan of mark carney for some while. the bank needs to understand, anything they do to a degree, you have to look through these inflation blips which seen currency related. inhave big changes coming up the u.k. economy in the next few months that suggest you have to be standing ready to support with startinguts, qb again, and starting to talk about the practicalities around that, not even hinting that rate rises are on the card. they have got to be. matt: to be fair, carney has not had an easy time of it. the visibility in the u.k. is incredibly low. -- it is a expect tired question -- what do you expect for brexit and the pound? do we continue to fall further? luke: i think i am believing in a hard brexit more and more. the market certainly are, ever since we had new occupants at downing street. you see signs of this and cable rates, credit markets, through the two-tens curve. all of which have changed direction significantly. all of it points to the market believing in new higher chances of a no deal brexit. in a way,
luke: i have not been a fan of mark carney for some while. the bank needs to understand, anything they do to a degree, you have to look through these inflation blips which seen currency related. inhave big changes coming up the u.k. economy in the next few months that suggest you have to be standing ready to support with startinguts, qb again, and starting to talk about the practicalities around that, not even hinting that rate rises are on the card. they have got to be. matt: to be fair,...
56
56
Aug 23, 2019
08/19
by
BLOOMBERG
tv
eye 56
favorite 0
quote 0
it was such a site today to see jerome powell coming out with mark carney, while at the same time president trump was reading about which was the greater enemy, jerome powell or premier xi. it was really unbelievable. what are you hearing at jackson hole, what are people talking about? megan: a lot of people are talking about trade. i thought the message from jay powell's speech was that the fed does not set trade policy, and there is no precedent for how they should respond to it. they will do their best but they don't really have a framework for how to think about this. the strongest pushback we have seen from the fed in terms of trade. that being said, i don't even think jay powell's speech will make the front page of tomorrow's paper. it will be about trade. interestingly, the more important place to be right now is the g7 meeting, rather than jackson hole, although i'm not particularly optimistic about any action being agreed upon there. amanda: it is so interesting because we are worried about central banks at their limit in terms of their ability to help economies, so that the talk t
it was such a site today to see jerome powell coming out with mark carney, while at the same time president trump was reading about which was the greater enemy, jerome powell or premier xi. it was really unbelievable. what are you hearing at jackson hole, what are people talking about? megan: a lot of people are talking about trade. i thought the message from jay powell's speech was that the fed does not set trade policy, and there is no precedent for how they should respond to it. they will do...
54
54
Aug 26, 2019
08/19
by
BLOOMBERG
tv
eye 54
favorite 0
quote 0
currency,ual reserve bank of england governor mark carney called for.uld be a radical overhaul of the global financial system that could eventually replace the dollar as the global reserve currency. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. coming up, as the trade impasse deepens, the u.s. and china both slap on tell tory duties. trump says he regrets not raising tariffs further. this is bloomberg. ♪ manus: this is bloomberg's daybreak euro. nejra: let's get the bloomberg business flash. >> thanks. the world's largest asset manager could be adding to its footprint in the middle east. blackrock is looking at joining israel's infrastructure boom. the state is making a push over the coming decade to revitalize everything from roads imports to a metro in tel aviv. doubling a final dividend to a record 24 aussie cents per share. iron ore prices helped them beat estimates with more than $3 billion of profit in the year to june. it is a strong start o
currency,ual reserve bank of england governor mark carney called for.uld be a radical overhaul of the global financial system that could eventually replace the dollar as the global reserve currency. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. coming up, as the trade impasse deepens, the u.s. and china both slap on tell tory duties. trump says he regrets not raising tariffs further. this...
78
78
Aug 1, 2019
08/19
by
BBCNEWS
tv
eye 78
favorite 0
quote 0
governor of the bank of england mark carney said today that in the event of a no—deal brexit sterlingld slide further and interest rates would have to rise. the bank has also downgraded forecasts for this year and 2020. looking through these temporary factors the underlying pace of growth has slowed to below the potential rate as a result of weaker global demand and more entrenched uncertainty about brexit amongst uk companies. there are a number of reasons for flat growth in this the second quarter. economic growth acts slowed across the world in the last 18 months. spending by uk companies has fallen over the last three quarters. things like factories, machinery, vehicles, it, software. until the brexit fog clears there is little the bank can do in terms of future planning. along came some friendly advice today from donald trump's former adviser, who has been speaking to our north america editor. any forward progress at this point is good. this is another one of those economic geopolitical situations that has to be solved. if it is hard, soft, it has to be solved. what tends to happ
governor of the bank of england mark carney said today that in the event of a no—deal brexit sterlingld slide further and interest rates would have to rise. the bank has also downgraded forecasts for this year and 2020. looking through these temporary factors the underlying pace of growth has slowed to below the potential rate as a result of weaker global demand and more entrenched uncertainty about brexit amongst uk companies. there are a number of reasons for flat growth in this the second...