mr. powell's comments, as being dovish.ndence and the latest on trade with the u.s. and china. not so much happening out of last week. we are t-10 days in regards to the $200 billion of tariffs between the u.s. and china. that is set to start september 6. -- despite the lower level talks taking place last week. more pain before we get resolution. lynn,l be joined by max talking all things emerging markets. is the pain over? we had a wrist bite of weakness last week. down 6/10 of 1%. that created more of a breathing space for these asian emerging markets currencies. is that a temporary pause? we will take a look at the impact of the trade war because the assumption is as long as it trade tensions continue, as long as the fed continues its trajectory, that they would be coming from jay powell's comments, then the dollar strength is going to be the way to go from here. lots more to come on daybreak asia. that is about it for "daybreak: australia." we have trading with a new government today. this is bloomberg. ♪ xfinity mobile

mr. powell was saying. he's not concerned with inflation. he said moved above 2%, no clear sign of acceleration above the target >> if you look at what we have seen from the fed, if you look at where we should be and on top of a fiscal stimulus package that, we should be seeing inflation higher than it is now. we're down to 60% possibility for a december rate hike that's incredible. we've been feeling like if you look at the wage numbers, we're not seeing it in wages which is what it's going to impact. most companies in the united states more directly for us, this is was a great statement and indicative of what we have seen him do over the last couple of statements he's made believes we should continue these rate hikes in a measured tone the market likes that. what did you make of what mr. powell had to say? do you believe the economy is strong >> i think so. that's one of the main concerns is how long is this business cycle going to last, this expansion. there's a lot of concern about people thinking we're in the latest of the late innings

mr. powell came out and said it is steady as she goes. that signaled a more moderate dollar.ssure off the yuan. the the fed move and technical adjustment by the pboc putting a floor for the yuan in the near-term. ramy: trade talks, will this move by china influence those at all? >> the yuan, on one side of the debate, people say they can use it as a weapon in the trade war. trump saying they are manipulating the currency. on the other side, this goes to show perhaps it is a goodwill gesture from china. they are not going to let weekend to where it becomes a tool to leverage in the trade war. perhaps it is a goodwill gesture. either way, it does feel like we are heading toward the next batch of tariffs on yet more goods coming out of china. right here, right now, the yuan is not the primary factor in the trade negotiations. yvonne: thank you. .et's bring in max linn he joins us now from singapore. what we have seen in the past, when china interviews this countercyclical factor, we did see the bloomberg dollar -- we did see the dollar slide. the yellow box is when they eliminat

mr powell wasn't able to open his reserve parachute and fell to the ground.as also killed. richard parkes, from the isle of wight, was at the same competition. a true competitor. he loved the craic of being out there, flying, he was flying well. he was very comfortable in himself. he's had a few years where he's not been flying at the top level and he was clearly getting back to the top level. friends from the club gathered to pay their respects today. innes was a big character. if you met him, he wouldn't forget him. he had a great sense of humour, a good raconteur, a great storyteller, and a very talented pilot. innes powell was a professional instructor, with his own flying school and decades of experience in competitions. over the years he passed his passion onto dozens of students. he had integrity. whatever he said he would do he always seemed to manage to do. i came to trust him and like him. i am very sorry he has gone. british paragliding competitions, which organised the event where the two men died, offered its deepest condolences to the family and

it was the final race, mr powell could not open his reserve parachute and fell to the ground.hard parkes from the isle of wight was at the same competition. a true competitor, he loved the craic of being out there, flying, he said the review years he had not flown at top level and he was trying to get back there. friends from the club gathered to pay their respects today. innes was a big character, if you met him he wouldn't forget him. he had a good sense of humour, a great raconteur, a good storyteller, a very talented sportsman. innes powell had completed the years, over the years he passed his passion onto his students. he had integrity. whatever he said he would do he managed to do. i came to trust him and like him. i am very sorry he has gone. british paragliding competitions which organised the event with a man died off its deepest condolences to their family and friends. former cricket hero imran khan — who has been sworn in as pakistan's new prime minister — has made his first televised address to the nation. he promised to tackle corruption and improve the state of t

during this meeting you mentioned it a little bit earlier it will be also the first opportunity for mr powell to talk if what he things if the trade war or conflict is going to hurt the u.s. economy investors are expecting during the next nine to twelve months three to four more interest her interest rate hikes in the united states something you just mentioned it donald trump is not going to like. in frankfurt think is a much. well meanwhile u.s. sanctions against russia appear to be biting the ruble has fallen to its lowest level against the dollar in two years now in a bid to stabilize the foreign currency russia central bank says it will stop buying foreign currency until the end of september. the turbulent day for the ruble as it plunged to a two year low against the dollar then came the announcement from the central bank and calm was restored temporarily at least analysts say there's an easy explanation for the volatility this is all related to the threat of sanctions who are for more sanctions coming from the u.s. the market is full of rumors as to what may or may not be coming next out

mr. powell will address that at jackson hall. >> yeah, the fed chairmans rarely make ways at the meeting,t think you will hear anything from the fed chairman directed at the president. do i think he will make the case as to why the economy is at a point that can support raising rates -- cheryl: you think he will make the argument. >> yeah. cheryl: some thing he will be dovish today so that's interesting. >> i don't think you'll see anything. the market is looking for anything that say that is the fed may delay a rate rise but the frustration for the president, look, the feds have raised rates 5 times since the president entered office, but i think that's a little bit misguyeded due to the fact that the economy is fantastically, it can support interest rate rises and we need rates to rise from here. cheryl: you don't want to see run away inflation, when you have a strong economy, you have unprecedented borrowing right now. federal deficit is something that powell has to look at, committee has to look at when assessing interest rates but if you don't start hiking interest rates -- but that

even mrs. powell who he adored tried to get him through the front door and he wouldn't. more is known about the one in new york but philadelphia had rotund as in chairs. the last minute they thought it would work. those houses are what they would have looked like. one became a medical college and the other was just, in new york style, just torn down. there are good records of those houses. >> i'm told we have to wind down but i'm-- but kind of those last questions. looking forward, i will start with you. 100 years of-- from now what will the white house be like? it will still house a president and her husband or whoever, but what can you imagine a white house in the future? i want each of you to give a prediction even on any of the treasured homes and artwork. >> i suspect that the white house will probably look pretty much the way that it does today. there might be renovations and modernizations but don't you think that abraham lincoln would show up and still recognize the white house?>> it would be slicker than he knew it. washington saw it completed except for the por

mr. powell fact that he is being very thoughtful and measured about how the fed considers their actions,hey take action, and then how they take into account factors that can influence the impact, not only of their decisions, but the factors that impact other parts of the economy, so what i am ofing for is a continuation his thoughtful approach, so again, we are expecting their are going to be two more increases this year, but in terms of next year, you know, in threet has priced movements, and year, we will see. i think the fed is going to take a very measured course taking into account where the economy is and also where the global markets are as well. ramy: we will leave it there. peter austin, head of multi-asset solutions. up next, oil surge may be one winner from china's proposed tariffs on u.s. lng. more next. this is bloomberg. ♪ haidi: i am haidi stroud-watts in sydney. ramy: i am a knee inocencio in new york -- ramy inocencio in new york, and you are watching "daybreak australia." japan's top wireless carriers tumbled after the government said they have room to cut some bills. t

mr. powell today, you really see a lot of optimism for the future. what we see in the economic data and comments from the fed chairman, we have a lot of room to run. we're not there yet. foster raised the question, what do we do after we see the tax cuts go into effect? durable changes the way businesses are investing here in the united states. charles: hal, that was -- i'm glad mattie brought up that, i was going to follow up. she read my mind, that was my follow-up question to her. people are saying this is a sugar high, it's nice, fun, not expected but temporary. what would you say to those people? >> look, i would say this. the american people are finally led by an administration that is putting america in the driver's seat. we're flexing our economic power and it's giving independence to americans, economic independence and independence to americans. that's what i would say to that. i think for the first time the country is finally looking out and going wow, we really can win this, and we're -- and donald trump put america first. charles: mattie

mr. powell met face-to-face and whether or not he brought that criticism up directly? >> i believe the last time they met, i have to double-check, right around the time jerome powell took his place on federal reserve board. reporter: have you spoken directly about his concern about raising interest rates. >> i'm not aware of that at all. one last question. reporter: thank you, sarah. on venz recognize is the president planning on getting involved there at all? millions are fleeing country. what is the u.s.'s stand on venezuela? >> united states continues to support venezuela's neighbors and provide emergency aid and shelter to venezuela and continues to stand with the people of venezuela and we're going to keep all options on the table and we'll keep you posted if we have any further announcements. thank you so much. we'll wrap up here so we can all the president for the ceremony. cheryl: sarah huckabee sanders answering several questions about, of course michael cohen, paul manafort, many other things. jay powell, trade, venezuela. of course would he be pardoning anybo

mr. powell was not the money man he expected. he's weighed in on monetary policy, where in the past, presidents don't normally do that. john: isn't this going to happen no matter what, whoever became president, whether miss clinton or president trump, had to deal with the rising rate environment and because of that, emerging markets will suffer, exports will suffer and the economy eventually always comes down somewhat with the rising interest rates. reporter: exactly. i think the president right now is facing a little bit harsher compared to what obama went through because you are seeing rates climb five times just ever since trump came into office, twice under jay powell. like you said, it's a concern because historically, interest rates in the united states with unemployment around 4.1% is still very low. they should actually be higher for following an historical trend. if we see it go higher, that's when red flags will be raised. john: president erdogan in turkey put his son-in-law over the central bank and told him not to rai

even mrs. powell, whom he adored, took him there and tried to get him to go in the front door and he wouldn't. they were palatial houses. more is known about the one in new york, but philadelphia also, it had rotundas, three floors of angels and cherubs and all this. they were hell-bent on keeping him there. the last minute they thought it would work. he had the bit in his mouth and that was that. so, they didn't do it. but those houses, i guess, is what it would have looked like. one became the medical college in philadelphia. the other one, you know, new york style was just torn down. but they have good records of those houses. >> i'm told we have to wind up. i do want to ask each one of you one of those -- kind of last questions. looking forward, and i want to start with you, lydia, looking forward 100 years from now, will the white house -- what will it be like? it will still have its big collections. it will still house a president and her husband or whoever. [ applause ] but what can you imagine

mr. powell and his colleagues at the fed will have to raise interest rates not for the purpose of cooling our economy but for the purpose of attracting sufficient capital in the markets and that will be a bad day or it will be a move against the united states because people will lack confidence in the dollar and so forth. i worry about that. it's another example of a we think of as national security spilling over into other things. it almost never gets attention as a national security issue. >> finally, the implications of the president's engagement in helsinki. >> we don't know what was said in helsinki. for all i know, dan coats doesn't know what was said at helsinki. i certainly don't. that's the problem. absence of notetakers and official records is a really, really, really bad idea. in terms of follow-up and the rest. but let me make a larger point because this goes way beyond helsinki. helsinki is one animal. what we are seeing is consistent of a worldme earlier that is seeing the united states in a different way. america is seen as having moved away from traditional foreign policy.

mr. powell cheap money fed chair, but with that said, looking at the situation with the economy, it can beued that he's just doing what he needs to be doing. jason: i don't think it's good for global stability and probably too much volatility if we talk about money being very cheap. money got pretty cheap and venezuela recently and i don't think that worked out so hot. i think the chair and the .ederal reserve have a mandate they are a bit further behind than they should be, but obviously it can be tough in the shorter term for maybe a politician at has a four-year cycle. ramy: i guess that's fair. looking ahead to jackson hole when jay powell does he, what are you hoping to hear from him, or what do investors really need to hear from him? jason: what we're doing here at hornberger is take a global, broad perspective. that one worth noting of the themes that jackson hole this year are what are, for example, what is the effect of amazon on global markets, or technology companies and large mega-caps on what's going on around the globe? that's something that we think about a lot on how it aff

tom: this is the backdrop not for em, but maybe for chairman powell and mr.a of euro area inflation slowing from 2% away from a forecast. nevertheless, that is really quite a move. right now it's the friday briefing, here is taylor riggs. taylor: the big story today is the bloomberg interview with trump.nt the president is talking about the european union as though it is likely to be his next trade target. he told bloomberg the eu was almost bad as china -- as bad as china, just smaller. he rejected an offer earlier in the day to eliminate transatlantic tariffs. wto.s a warning for the it came in his oval office interview with reporters from bloomberg. >> i would say the wto was the single worst trade deal ever made. if they don't shape up, i will withdraw from the wto. the wto is considered a cornerstone of the international trading system. a u.s. withdrawal could potentially have more of an impact than the trade hikes in china. -- fights with china. bloomberg has learned that the president wants to move ahead increase tariffs on china. the president says he

mr. powell when we come back, trade troubles as talks between the u.s.lly go anywhere for now we're going to discuss what's next for the negotiations and keeping america competitive, former ceo of cisco systems, john chambers. and take a look at three big retail movers in morning, not going down, at all we have a lot more "squawk on the street" after this aflac!? no-good break. gooood break. i'm so sorry we can't make your barbecue. i'm just sick about it. aflac!? different kind of sick. if i can't work after surgery, how am i gonna pay my rent? all these bills? aflac! oh, aflac! and they pay you cash in just one day. see how aflac helps cover everyday expenses at aflac.com. the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. designed to save you money. wireless network whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, y

mr. powell one or two meetings ahead? add?at i had? -- would i yes.it is going to be december or some point next year, but the possibility of there being a pause is quite high. if the fed falters, the market will respond in a way that says that is the end. that means the yield curve will have to flatten on a number way below three. at the moment, people are implying the flat yield curve will be delivered around 3%. i think it will have a two handle and as low as 2.3%. let's say by the year and the bond level is flat and much lower than is currently applied. that is where i think we are going. francine: coming up next, and ask us if -- an exclusive interview with stephan engels of commerzbank. this is bloomberg. ♪ ♪ >> this is "bloomberg surveillance." i am kailey leinz. lender helportgage with its business of buying and selling homes. it is acquiring kansas-based mortgage lenders of america. offering mortgages is and at streamlining the process for people. co --l speak with the low zillow's ceo today. australia has kept interest rates at a record low.

mr. powell is not an economist, so i'm not sure asking him will prove instructive in terms of getting an answer. if you are talking to powell, you are asked about regulation. that is an area where he has considerable expertise. if you were talking to new york fed president william, then you want to be asked about structural change in the labor market, because that is equitable issue. francine: paul donovan, thank you so much, global chief economics at ubs wealth management, he stays with us for the hour. wreps up a decade of crisis that has seen more than 300 million euros of aid, but is it better off? and we're live in moscow and russiano wrap up the financials. all that coming up. this is bloomberg. ♪ rg. ♪ francine: economics, finance, politics must this is "bloomberg surveillance." i am francine lacqua here in london. let's check in with markus karlsson. pepsico has agreed to buy sodastream for $3.2 billion. volume2% above the basis. pepsico says the transaction will be funded with cash on hand. the agreement is subject to a sodastream shareholder vote, regulatory approval, and it is

mr. powell over the last few months, i am going to continue to interest rate hiking cycle, if the economy trade wars heat up, maybe if the market gets volatile again, we'll put back some of the hiking. market is lot more comfortable and confident, what jay powell is going to do, good jobs number, good wage number we'll get, 3% will not knock the s&p down. charles: you know, deirdre, i looked at manufacturing data this morning, pmi report, the worries were 50/50. tariffs and skilled labor but could there be a odd, ironic rather, on tariffs if the fed holds off because of tariffs concerns because of raising rates? >> i do think that is a possibility. it is too soon to tell, right? headlines speaking with blake burman from d.c., possibility of more tariffs. it's a little bit too soon to factor into the equation. scott gave me my best idea for halloween, be a dove. charles: that is lot of layers. >> it is perfect for me. charles: scott, we were up earlier today. starting to get many soffit back. we've come far from the april owes lows. operating margins are amazing. guidance is better than no

mr. powell is concerned and has his attention.ttening of the two- five spread and it is nearing inversion. basic. mark here is the zero where the two-year yield and the five year yield are the same yield and with a vengeance we are coming down, not unusual. we are nearing that point where the two-year yield could be higher than the five year yield and you could see that is a rare event having to do before economic slowdown. francine: this is what i am looking at. on the back of what we heard from the fed, basically, if you look at this chart, it gives you the idea -- thank you, hillary -- the benchmark federal funds rate, is fluctuating between 1.75% and 2%. there could be quarter-point increases, two more before the year is out. i will post this out on social media. today marks the kickoff for the 2018 economic symposium in jackson hole, wyoming. it is where policymakers and economists gather and discuss global economy. what should markets watch for? let's bring in richard turnill. so many questions. good morning. let's take it o

mr. powell goes to wyoming this morning.at the wyoming jackson hole symposium later this hour, later this morning, he will speak at 10:00 a.m. eastern. president trump chri criticizedm recently over increasing interest rates. futures this morning showing a gain. we are expecting the markets to open higher this morning with the dow industrials up 70 points, quarter of a percent higher on the s&p and a quarter of a percent higher on the nasdaq this morning. even though trade tensions sent the markets lower yesterday, dow industrials gave up 76 points yesterday at the close, the s&p and the nasdaq were also negative. in europe this morning, different story. money moving into equities. fq100 up a fraction, cac up a half of percent, the dax index up a quarter of a percent in germany, all higher. asian markets mostly high wear the exception of hong kong, it was down half a percent. fired by text, a woman asked for maternity leave. she says she got a text back saying she's fired. the stunning details coming up. cheerleader geezer,

mr powell said the federal reserve‘s steady interest rate hikes are the best way to protect the us economic jet2 still allow small wheel—on cases at no extra cost. ryanair is tightening the rules on what passengers pay to take luggage onto the plane, in order to "speed up boarding"? yes, this kicks in from november. something this size would probably be ok in the seat in front. you wouldn‘t be going very far for very long without. i wouldn‘t. wouldn‘t be going very far for very long without. iwouldn't. if wouldn‘t be going very far for very long without. i wouldn't. if you are taking ona long without. i wouldn't. if you are taking on a bigger bag, something that size or a wheel on case, you would have to either pay £6 to take it on with you or even more, pay £10 to put it in the hold. and there is a limit on how many passengers, 95 perflight, so a limit on how many passengers, 95 per flight, so about half a plane. it says this is all to speed up punctuality and improved boarding times. of course, some people pointed out that other budget airlines still allow people to take on those ten kilo

the former chief rabbi has compared some ofjeremy corbyn‘s remarks to those of enoch powell's in the 1960s. mrn says his comments have been taken out of context. police have carried out raids in birmingham as part of efforts to trace a 21—year—old janbaz tarin, who they want to question in connection with the murders of his former partner and her mother. a fire has destroyed a primark store in a historic building in belfast — which has been in the city for nearly 250 years. in a moment it will be time for sportsday but first a look at what else is coming up this evening on bbc news. the former director of the cia, david petraeus, senatorjohn mccain, will be speaking about the lasting legacy of the us senatorjohn mccain, who died on the weekend. and we'll get more on the fire in belfast that has destroyed a historic building in the city — which has existed for nearly 250 years. that's all ahead on bbc news. now on bbc news, it's time for sportsday. hello and welcome to sportsday. i'm hugh woozencroft. what's eating jose? we'll look at what's next for manchester united boss after another premier

european union and china he's also threaten his head of the federal reserve jerome powell and so i think that should mr trump be relieved from office and that's at this stage a doubtful issue my guess is that the markets are not going to be affected however comma there is a ticking time bomb which mr trump is indeed partly responsible the united states has a overall debt of about twenty eight trillion dollars that's with a t. that's equivalent to about all of our gross domestic product the deficit for this year will be in excess of a trillion dollars again with a t. because of the tax cuts when interest rates go up to three four five percent a year which they will the staggering debt service that the united states months pay will swamp the budget and at that stage the longest bull run on the market will stop decidedly so whether this will be as bad as one nine hundred twenty nine thousand nine hundred eighty seven or two thousand and eight who knows when it's some stage the music is going to stop unless or until these deficits are going to be controlled this will have nothing to do with potential impea

the former chief rabbi has compared some ofjeremy corbyn's remarks to those of enoch powell's in the 1960s — mras been in the city for nearly 250 years. now, let's get the sport with chris mitchell. good afternoon. the leicester strikerjamie vardy and chelsea's gary cahill both announced their retirement from international football today. cahill made his england debut in 2010 and captained the side on several occasions. he was part of gareth southgate's squad for the world cup this summer, but only played once, in the group match against belgium. he bows out with 61 caps and five goals. speaking to chelsea tv, cahill said: it seems jamie vardy‘s decided that his priority is prolonging his club career. ian stringer, who commentates on leicester city for bbc local station, says age is catching up with the striker. jamie vardy is getting into his 30s and whilst he doesn't look to be he is getting any slower, he probably wants to preserve what he's still got left. he scored seven international goals, not bad retiring after a semifinal in the world cup. he was part of the squad we thought would be b

leader's remarks on zionists the most offensive by a senior politician since enoch powell's "rivers of blood" speech 50 years ago. mrer — have been taken out of context. 0ur political correspondent vicki young is in westminster — lord sacks made these allegations in a magazine article? here is one of the most prominent members of the jewish here is one of the most prominent members of thejewish community condemning mr corbyn in the strongest possible terms about comments from 2013 when mr corbyn talked about british zionists not understanding english irony. when the comments came to light last week many felt he was suggesting the jewish community were not full fully british. lord facts says they are the most offensive statement made by a senior politician since enoch powell's and your verse or rivers of blood speech where he strongly criticised mass immigration. —— enoch powell of mac rivers of blood speech. there has been a reaction from the labour party tonight. they said this comparison with the race baiting enoch powell is abseiled and offensive. they say he wants to build his relationship and rebuild trust with

the former chief rabbi has compared some ofjeremy corbyn‘s remarks to those of enoch powell's in the 1960s, mrership with africa after brexit, saying she wants britain to become the g7‘s leading investor in africa. police have carried out raids in birmingham as part of efforts to trace a 21—year—old janbarz tarin — who they want to question in connection with the murders of his former partner and her mother. and coming up. what happens when you type ‘trump news' in google? the us president claims the search engine is rigged to make good news stories about him hard to find. google of course denies that. russia has defended plans to hold massive war games involving 300,000 personnel next month — its biggest military manoeuvres since a cold war drill in 1981. kremlin spokesman dmitry peskov said the drills were justified given "aggressive and unfriendly" attitudes towards his country. units from china and mongolia will also take part in the exercises at military ranges in central and eastern russia. the manoeuvres come at a time of rising tension between nato and russia. dr yarchek bartoshak is t

comparing the labour leader to a controversial leader as enoch powell is bound to escalate tensions even further. this latest row goes back to comments mr13 talking about british zionists who didn't understand english irony and jonathan sacks suggests that means thatjews are not fully british and he went on to say... now, over the summer, now, overthe summer, mr corbyn now, over the summer, mr corbyn said sorry for the hurt that has been felt by many in thejewish community but tonight there has been a very angry response from labour... now, some labour mps think one way to do that would be to accept in full, with all the examples, the internationally recognised definition of anti—semitism, something the labour leadership has been reluctant to do, all of the row will come to a head when labour mps vote on the matter and we will see them whether their strong criticism from lord sacks has changed jeremy corbyn's mind. theresa may has visited cape town at the start of a three day trade mission to africa. it's her first official tour of the continent as prime minister. in a speech she called for the uk to become the leading investor in afric

mr trump's orders. britain's longest—serving poppy seller has died at the age of 103, nine days after being presented with her mbe. rosemary powellfter first helping her mother sell poppies on richmond bridge for the very first poppy appeal in 1921 at the age of six. earlier this year she said she'd be hanging up her tin for the final time, and was included in this year's queen's birthday honours list for her remarkable service to the legion. her support for the legion will continue after her death, with a donation from each copy of her memoir going to the charity. she herself had known the cost of war, four of her uncles died in the first world war, another was a lifelong invalid from afghanistan in 1914. her fiance was killed in a plane crash and her brother, who won the mc for bravery in egypt, died of cerebral malaria or possibly suicide. two godfathers died and her father was badly wounded at the somme. a remarkable story and what a remarkable tribute by her to all those who have died in battle 100 yea rs those who have died in battle 100 years ago this year. and we'll be taking an in—depth look at the papers with our review

mr. secretary, did you listen to jay powell's comments last week >> i did read them >> so is he -- can youittle color on how you thought -- we had bullard on here saying don't mess with the yield curve. he almost sounded like he thought we were at neutral already. i don't think that's what jay powell was saying. do you think we're already at neutral and would you persuade chairman powell not to raise rates any more do you agree with the president in that respect? >> well, i think, as you know, as treasury secretary, i respect the independence of the fed. i meet with jay powell on a weekly basis we talk about a lot of economic issues it would be inappropriate for me to comment on interest rates in that position. but what i would say is i think jay has been a phenomenal leader at the fed i think he understands the issue of growth and he's carefully monitoring the growth numbers and the inflation numbers and we'll see. i, for one, am not at all concerned about the yield curve. i don't think that's a predictor of economic growth i think it's a market condition. and for now having a flat yield

innes powell, crashed into ukrainian igor volov ahead of the final race of the british open competition in krusevo on friday. the british instructor who was from devon died in hospital, while mrscue teams step up their efforts to try and reach thousands of stranded families in the indian province of kerala. the campaign for another brexit vote receives a £1 million donation from the co—founder of fashion label superdry. a british woman who spent ten hours in the water after falling from a cruise liner near croatia has been rescued. more on this story, a british woman has been rescued, 10 hours after falling from a cruise ship into the sea off the coast of croatia. the 46—year—old was on board a norwegian star cruise liner, but ended up in the adriatic sea just before midnight. a spokeswoman for norwegian said she was pulled to safety by the croatian coastguard and taken to an ambulance on the mainland. she spoke to journalists about her ordeal. what happened last night? i fell off the back of the norwegian star. and i was in the water for ten hours. so these wonderful guys rescued me. your name is? kay. i'm very lucky to be alive. where are you from? i'm from england. yes. i'

powell, start with sphrok strzok finall. which was their code for the e-mail scandal. >> yes, lou there were far more reasons to fire mr. strzok than just his venomous anti-trump text and his pro hillary clinton stance, he actually acted did a number of things that facilitated cover-up of clinton e-mail crime. and helped create the russia collusion narrative again president trump. mr. strzok was one who interviewed miss clinton, and general flynn, and he was at epicenter of all of it, lead investigator for fbi on the clinton e-mail cover-up. as you mentioned earlier changed language from gross negligence to extremely careless. he also the one who knew there were 6 65,000 e-mails on clinton file, entire clinton file of e-mail in new york on laptop of anthony wiener, he his that, sat on it, redirecting attention of fbi for approximately 6 weeks to corrected of russia -- creation of russia collusion there, instead of looking at that evidence that fbi supposedly had been looking for, for months in the e-mail investigation. lou: and we still don't know where all of those emails are, we still don't know the context in the sou

innes powell crashed into ukranian igor volov ahead of the final race of the british open competition in krusevo on friday. the british instructor, who was from devon, died in hospital, while mrhat british world war ii shipwrecks in asia have been targeted by scavengers. the defence secretary, gavin williamson, says he was "very concerned" to hear claims that four shipwrecks off the malaysian and indonesian coasts had been looted. they are thought to be the graves of royal navy sailors and civilians. chi chi izundu has the details. i name this ship prince of wales. may 1939, the launch of the prince of wales, a few months before the outbreak of the second world war. in 1941, that same vessel was used to host a secret meeting between winston churchill and american president franklin roosevelt. later that year, it and hms repulse would make their final voyage. repulse and the prince of wales were lost in the java sea on december 10th, 1941. the warships had been trying to intercept a japanese invasion force headed for malaya. both vessels were sunk by bombers as they tried to return to their base in singapore. over 800 sailors were lost, making the wrecks war graves. diving exp

mr. trump or charity broke state law or lied about their tax liability. greg. >> rick leventhal coming thank you very much. former federal prosecutor and author of the terrific book, license to lie sidney powell. sydney, thank you for being with us. we learn today from the president by virtue of his interview that all the money that he paid out in exchange for nondisclosure agreements came from him, not the campaign. it is not a crime to contribute to your own campaign, is it? >> no, definitely not. it's not a crime to settle matters for less than the lawsuit either. it made perfect sense to take care of those things when he did the nearest is nothing to it. gregg: and he can do it to benefit his campaign as long as it's legal and a contract to be quiet as a valid contract in american law, right russian mark >> it's the same thing is steadily not a nuisance lawsuit. there is no difference there. gregg: i am still scratching my head over this stunningly obtuse statement by a guy who went to yale law school, classmates of hillary clinton and that was lanny davis who is a longtime clinton ally and friend. here is what he said today on fox news. take a listen. >> there is no question that he's co

mr. trump was not thrilled by interest rate hikes. he wants chairman jerome powell to help more with the economy. in other words, alay off the fed hikes. when a president jawbones about the fed, especially this president, wall street groans about its independence. "varney & company" is about to begin. ♪ stuart: the white house says a former nazi labor camp guard has been caught by i.c.e. and deported to germany. this is one i.c.e. operation that will not be criticized but first off, ash, how old was this guy. ashley: 95 years old. it's a strange case. his name is palig. he was a former cons tracks camp. he came to the country i said he was farmer and factory worker. a former guard at the concentration camp gave him up. he was confronted in 2003 and stripped of his citizenship. he was found guilty by a u.s. court. since the last 25 years he has been in limbo because germany, poland, ukraine, other countries refuse towed take him. he has been in a two-story building for 25 years. as people routinely protested him. trump administration did a deal with germany. agreed t

innes powell crashed into ukrainian igor volov ahead of the final race of the british open competition in krusevo on friday. the british instructor, who was from devon, died in hospital, while mrwoman has been rescued, ten hours after falling from a cruise ship into the sea off the coast of croatia. the 46—year—old was on board the norwegian star, but ended up in the adriatic sea just before midnight. a spokeswoman for the ships's owner, norwegian cruise line, said she was pulled to safety by the croatian coastguard and taken to an ambulance on the mainland. she spoke to journalists about her ordeal. what happened last night? i fell off the back of the norwegian star. and i was in the water for ten hours. so these wonderful guys rescued me. your name is? kay. i'm very lucky to be alive. where are you from? i'm from england. yes. i'm a6, and i was sitting at the back of the deck. a series of explanatory notices designed to prepare the uk for the possibility of a no—deal brexit are due to be published on thursday. the notices will include advice for businesses, citizens and public bodies on how to cope if the uk leaves the eu without a deal. meanwhile, a businessman who helped t