martin weale, we appreciate your insight. thank you. >> thank you >>> coming up on "worldwide exchange." the big money mover and shares of nike diving on the back of the quarterly results. stacey widlitz is here to talk about the sector as a whole. >>> and disney has named alisa bowen president of disney plus disney plus with ads launches on december 8th in the u.s. for $8 a month. >>> nasa and spacex is looking to extend the life of the hubble telescope. this is using the dragon capsule to raise the altitude. the telescope delivered images since 1990 from space including the moons of pluto and made the discovery of the age of the universe. >>> and trevor noah is leaving "the daily show" after seven years. he thanked the audience for their support. he will continue hosting for the time being noah took over from jon stewart in 2015. "worldwide exchange" back in a moment >>> welcome back to "worldwide exchange." nike shares plunging in the pre-market down 9% after the company expressed issues with overstock. the retail giant be

lizzy: we were speaking to former policy maker from the bank of england martin weale, warning there couldrun-up to the pound. >> i wouldn't get drawn into that kind of speculation. but if the government wants to underscore its fiscal credibility, and people only lend to us if they have confidence we are making the right decisions, and the best way of doing that is an independent forecast. we will continue to push for that. we know it is possible because the head of the ob are wrote to us to confirm that. vick chancellor could have gone to us but he has decided on two. lizzy: you are a bit partisan on this? >> the treasury select committee is there to hold the current government to account. my guiding stance has been doing what is fiscally responsible, and that includes forecasting. lizzy: but rishi sunak was mp's choice for leader, given this will require parliamentary votes, will liz truss be able to get them through? >> let's not get distracted too much by the fact that a lot of what the chancellor will announce will be extraordinarily welcome. this will support families and businesses

martin weale, a former member of the monetary policy committee. lizzy burden starting out at the bank of england early on. very smart analysis prayed thank you very much indeed. we had this coming through. the shares of credit suisse under a little bit of pressure, we around 50 minutes away from the close. stocks moving sharply. their report to may be looking to exit the u.s. markets. there was basically a restructuring plan that's been formulated at credits west at the moment. a lot of things moving around at the moment. all kinds of plans it seems being potentially tested right now with the markets. we will talk about that later on. joining others by raising rates but only by 50 basis points. this is bloomberg. ♪ >> inflationary pressure increased. the inflationary forecast plus included the interest rate hike. we came to the conclusion to the right time to tighten monetary policy moving from negative to positive. guy: thomas jordan, the snb chair. raising 75 basis points today. the market seems like it wanted even more. other central banks bein

martin weale is a former member of the monetary policy committee.ekend. and that is perhaps what we have been seeing this morning. obviously, sterling has recovered a bit from the lows, but lower that where it was on friday evening. and what it means is inflation will be higher and it also makes it, as your correspondent was saying, likely that interest rates will be higher, and of course both of those affect everyone, notjust people dealing in markets, notjust economists. well, i think the worst case scenario is that we do have to have a very sharp interest rates increase. let's speak to our correspondent andy verity who's with me now. what are the market is anticipating on this? ., ., ,., , what are the market is anticipating on this? ., ., , ., on this? there are thousands of --eole on this? there are thousands of people who _ on this? there are thousands of people who spend _ on this? there are thousands of people who spend their - on this? there are thousands of people who spend their lives i on this? there are thousands of i people who spend t