the mountain peaks and slopes. the western caucasus is one of the snowiest regions in europe.ometers from the popular black sea resorts of russia, impenetrable primeval forests begin. already in late autumn , the snow cover can reach a meter thick here? these forests are the homeland of the last mountain bison of our planet, they are not afraid of either cold or icy wind. in summer bison feed on grass leaves. trees and shrubs. and when the snow falls, they have to be content with bark and dry branches. but these giants cannot live on such a meager diet for long. now about 700 bison live in the caucasus, and at the end of the twenties of the last century, these animals were completely destroyed only after 40 years, at the cost of incredible efforts of biologists and colossal material costs, their population was restored. hunger drives bison from their homes. instinct tells them that soon the height of the snowdrifts will reach three or four meters there will be too much snow, even for the largest land mammals in europe, the leader gives a signal from the herd sets off on a long

when we see inflation peaked. do _ december. when we see inflation peaked. do you — december. peaked, do you think? _ december. when we see inflation peaked, do you think? it - peaked, do you think? it depends on the household energy price caps. in our current forecast we've got a peak coming injanuary forecast we've got a peak coming in january that will see another rise in household energy cost but even as we were publishing those forecasts, so many people are saying that actually gas prices have risen higher still and there was not a jump in higher still and there was not ajump in apriland higher still and there was not a jump in april and if that is the case then it really depends on when the energy crisis pigs and that is hard to foresee. also if any action is taken by the government to train reduce the government to train reduce the impact. but for now our forecast is january to be the peak. during the pandemic, offices shifted to home—working but many have continued with a hybrid model since then. uk workers are going into the office an average of 1.5 days a week, with

this is the peaks and impenetrable forests and high mountain valleys, perhaps that is why biologistshe richest in diversity of plant and animal species. region of the world. of the six and a half thousand plant species found in the caucasus, a fourth grows only in these parts. here a deer with her baby comes out into the clearing. females bring the first fawn at the age of 2-3 years. usually they have one cub, sometimes two of this crumbs are only a few weeks old. due to the natural camouflage of the spotted pelt, it is well protected. the cry of a lynx frightens the baby, but as long as the mother deer is nearby - this is a predatory cat, it is unlikely to dare to approach him. flight attacks like as a rule, only on young or sick deer that have strayed from the herd. but this is a cat with characteristic tassels on the ears. now he doesn't hunt. she rushes to her own children. they are still so small that they eat only milk and are only 8 weeks old, but they are already starting to measure their strength in harmless games. they train muscles and develop skills and techniques that ar

we are at peak. let me give you the textbook example, this piece of tech, this is a semiconductor, it was in a glut a month ago. earlier this week, the ceo of micron came on squawking saying the glut is far worse than he thought. yes, the homebuilding stocks were strong. we will be looking at lower mortgage rates. it's way too late for housing to make a comeback the inventory of new and old homes is growing by the day. right prices are going down. don't over think it. what else? we have a lot of different parts and pieces needed everywhere. auto, cards, factories, they have been double ordered. everything has been double ordered. the stuff you need at home depot, they were double ordering. the demand is vanishing. now, there will be future gluts everywhere there was a double ordering. there will be glut in washing machines in axles and windows, and tires. this morning, there was this ad from a dealer. he was crowing that they have 150 new vehicles available right now. we're used to having 1000 cars a

when do you expect to see a peak in euro inflation? >> i would say we need to be humble here because we been forecasting a peak for some time and that's been elusive. i was at the peak is still ahead of us, my expectation it's going to be sometime in the fourth quarter of this year probably in the double-digit territory. i think there's more gas present electricity price gains to come given the recent increase. i think inflation has been stronger-than-expected. it should be peaking soon but we have to account for the possibility we have stronger inflation for a longer time. also the rising energy prices appears to be filtering into core inflation and there are some special effects in germany where the core will probably go up. i think that's when the peak will be paid through next year the expectation is inflation will fall rapidly partly because wage growth in the euro zone remains contained. obviously a lot of uncertainty there. >> at the same time you have an ecb meeting next week. the hawks are out front and center. this came after

are we still waiting for prices to peak?cost pressures for deere and machinery producers, the market doesn't know if they have seen the peak. you have a lag on steel contracts for companies. steel has come down significantly this year. they are historically high still. i don't know if the market feels like we have hit peak in terms of cost and a big part of that is freight. shipping is a major problem. the focus has been inflation for good reasons. slowdown in china. slowdown in europe. power price increases. the ships are still moving at a slow rate. trucks and everything. these guys have to pay a lot to get airfreight so they can do on-time delivery for parts. guy: as prices rollover, how does that feed? are they talking what demand might look like next year? joe: they still think fundamentals are in good shape. that is a big thing investors are happy about. farmers are still seeing good profits. they are replacing aging fleets. the question had been forever for a decade winner you going to start putting new machines onto

it wasn't as obvious as peak. peak doesn't mean down. it means peak. i need to address the housing start figures coming out tomorrow morning. these are significant. we need a huge number of housing starts. best way to solve is overbuilding. not if you're a home builder. this is an inventory session. you can't see homes roll back as they compete for the same customer. those numbers today. we had a two year real estate boom. it's almost overbuilding what jay powell is down. wednesday morning, we get retail sales and soon it's important. we've got do find out. we have to see the end of aggressive bargaining. only way inflation can keep coming down is stop the endless buy by the consumer. that's it. as usual, we'll get our best intel from individual companies about the buy. i always like the earliest progression. we have wal-mart and home depot followed by target and lowes on wednesday. for the longest time, home depot was better than lowe's and wal-mart better than target. lowe's is better for do-it yourselfers. contractors are doing much better at this p

inflation is expected to peak later this year.is projected at 7.75% over 2022 so it is still way ahead of the 6% estimate we had three months ago. let me show you the double market map. my favorite line in the aussie story as i was getting ready for this was, here is $15 a pint in australia. to your bond market, sovereign bonds, aussie rates down by 10 basis points as you can see. and it continued drop on u.s. 10 year government bond rates. manus: from dubai this is "daybreak middle east." tensions over taiwan. the white house urges beijing to refrain from action over nancy pelosi's expected visit to the island. this as joe biden says a u.s. strike killed a key planner of the september 11 attacks. asian stocks and u.s. futures selloff. treasury yields decline. traders keep a wary eye on development in taiwan. three times 50. the reserve bank of australia hikes by 0.5 for the third consecutive month. since there is no preset path, the aussie dollar drops. is it a dovish hike from the rba? they are saying inflation will top out late

the combination of peak higher rates and essentially a peak in the terms of the trade cycle, which haschallenging for asian currencies the last six months, those reversals would help us see dollar-yen move back closer to failure value -- closer to fair value. jonathan: is this a risk of trade that now works, or is it a trade that will work through the end of the year because of the dynamics you described? mark: the risk off helps because it is pushing yields lower. i think that is an important combination then what we are starting to see. the fed had articulated a bit of a focus on growth. we know they are not there yet. it is to trade this as a durable fee. in the year term buying the dollar against most major currencies, better for talking about the next six months to a year the conditions are changing where u.s. data is deteriorating. in the backdrop it doesn't have to be risk off. we are not going to see this persistent deterioration in terms of trade where oil prices are at 120 dollars a barrel. if are talking about oil below 100 next year that will be positive for the japanese tr

we had peak arrive and the peak means that as holiday goods started arriving in june so i don't think anyone will have issues with getting to the goods they'll buy for the holiday. however, i think the challenge is about the goods going to be bought and the products and slashing their prices and have gotten inventory buildup and both at the port and the warehousing side of things >> let's talk a little bit about your expansions. i know you've increased capacity in a variety of ways in the number of berths you have and the ability to transfer to rail. tell us a little bit about that and also about whether you can find enough workers to do the work that needs to be done and how much more are you having to pay them than you did, say, two years ago. >> sure, tyler thank you. >> if you look behind me, what you're seeing is the main truck. we handle approximately 16,000 truck moves a day here >> wow this is the single largest container terminal in the western hemisphere so we have right now as i speak, $1 billion in projects expanding our facilities while we do have vessels that anchor, the

iloathed them peaking come down again. what about those run _ them peaking come down again.who are at those rates choose to do so either because they have a good track record and so, people in that rate would be quite happy, especially if they have the flexibility of play when they want. the mortgage, whether that is quite slow, and anybody who's got a reasonable mortgage balance and must plan the pockets are sometimes really should switch to a fixed rate because it does look like rates of got further to go and i think the question is, not should you have a fixed rate but how long a fix for. it's interesting if you see how rates of change. a year ago, if you see how rates of change. a yearago, if if you see how rates of change. a year ago, if you plenty of equity in your property or a big deposit, you get a five year fixed rate under 1%. now, whether you fix for two, five or ten years, the rates are all about the same starting at three and about the same starting at three and a quarter percent so, the question is, how long should you fix for? hagar is, how long should you fi

dollar peaked just over a month ago.hat it stopped raising is unusual for american companies who do a lot overseas. it has been a lot of headwind leading to giant estimate cuts, which would make people fearful of international stocks. third, inflation. in june, when so many commodities rolled over, we got a red hot july because they were pricing and they freaked. that didn't stop stocks from rallying. we figured it would be the peak for inflation. that was the top. sure enough, last wednesday we finally got a court that inspected cpi, weaning that this might not be as aggressive as some thought. i will tell you, they are not done because we still have powerful wage and rent inflation and those are very important. fourth, a couple of months ago, everyone was talking about the engineer recession i state in inflation. maybe a severe one. now people are coming around and it turns out to be a mild recession. the feds already made real progress in its fight against inflation, and this means i will say, incredibly resilient. he

have clearly peaked we also hit peak hawkishness or peak tightening expectations it's not when the fedually pivots if we consider '94 as a great example of this, the fed's peak hawkishness point was when they hiked 75 basis points back in november of '94. they didn't pivot until june that was the inflection point of the markets, waiting for the pivot was too long however, i think we're in a position for an aftershock of what i've been describing as the mother of all taper tantrums i would describe what happened in the first half of the year probably as more of a fed policy correction but we can think of it as a taper tantrum. the reason i think we're set up for an aftershock here is there's three channels that qe and qt affect the markets through. there's liquidity and reserves we had a real shock in the first four months of the year due to the actions of the treasury, even more so than the fed so i'm not concerned about the fed draining $60 billion of liquidity through maturing treasuries then there's the fed buying treasuries and forcing people into riskier asset classes the taper ta

that looks as if the peak will be there.quarter, everything is screaming, buybacks will be canceled, and implosion and margins. it's a bit of a slowdown in retail. you know, is it all about rising costs? do you think the worst of that is passed? tim: it was interesting listening to lars. the analysts were generally too cautious going into the second quarter. i will raise my hand. we were also. it's definitely been a surprise from the standpoint of profitability in the second quarter. we think there is a shoe to fall. we are starting to see that drift down in 2023 margins. that's what is important. the top he 22 lift that you see in the white line in that chart was driven by energy. if you look at the timeseries in 2023 expectations, which is that orange line, you see it starting to drift lower. with that in mind, it's a case of concern about demand, concern about elevated costs, and how long you can pass that through. don't forget, profit margins for europe are at record -- record levels right now. there's been a lot of good

is already peaked, this is a global phenomenon. a global leader already seeing the peak. energy prices are still going up. inflation is just way too high. but what matters for equity markets is how much more we discount. i think the point of peak central bank is already behind us. that happened effectively in june. the proxy for how much central bank has to do already down 40 or 50 basis points print we think that will continue. we seen this in the rally. it helps to grow the quality segment of the market. >> have we reached peak hawkish miss for the boe and if we have, do you do domestic facing equities or international facing equities? sebastian: i do think the current pricing in the market is fair, the market clearly has double-digit inflation. however if you start to upset rate hikes that will dominate in fixed income markets in europe and in the u.k. as well. the question is do you by the domestic equities which have been beaten up badly over the last couple of months. the answer is they are extremely cyclical. we think that's the case. >> if you want to buy europe y

i want to stay in, that peaked that peak is because a lot of things were inflailed. >> people don't knowhat they're doing. they're not going to doordash, not spending money for liquor at the restaurants. i'm saying this is the beginning. >> how much have you raised prices in your restaurant? >> i have sold my restaurants, because my wife started a liquor fee. >> you sold your restaurants why wasn't i informed? >> because it's called the tidehouse rules. >> you can no longer own -- >> you cannot own a liquor -- >> >> i sold bar san miguel. >> when did this happen? >> it's against the law? >> when did this happen? >> am i supposed to tell you i sold -- my wife -- the law says you have to. >> you just give them away, or did somebody pay you for them? >> it was a nominal payment. why? because when you raise prices like we had to -- no, it's actually doing quite well. >> i'm sure it is. >> but every price went up every single price, just to keep up with inflation. >> right >> that's the way things are it's just that i think there's demand destruction everywhere. everyone thought you could rai

— be paid for not using electricity at peak times.lackouts. another horror story and _ of winter blackouts. another horror story and catastrophe for us to mull over, _ story and catastrophe for us to mull over. the _ story and catastrophe for us to mull over, the idea that we are going to run out _ over, the idea that we are going to run out of— over, the idea that we are going to run out of energy because we are using _ run out of energy because we are using it — run out of energy because we are using it we _ run out of energy because we are using it. we sold off half of our energv— using it. we sold off half of our energy storage units so we only have three _ energy storage units so we only have three or— energy storage units so we only have three or four— energy storage units so we only have three or four days at any one time and so _ three or four days at any one time and so behind what looks like quite and so behind what looks like quite a positive _ and so behind what looks like quite a positive story, who wouldn't like the idea

at peak, gamestop had three times the trading volume on peak day as bed, bath & beyond had.hink we are starting to see that retail investors are more and more looking at fundamentals and really researching their investment theses. tom: just going to the bed, bath & beyond phenomenon, does that kind of story -- does that benefit or is that a hindrance to the kind of work you are doing at finimize? guest: i think there's two sides of the story, and one side is that it is fantastic that there is attention being paid to the retail investors which play a critical role in the overall ecosystem of financial markets. i think at the same time, we need to be careful we don't extrapolate behaviors from the very small small segment of the investor publish into the broader population. if you look at the data, there is an estimated trading volume of 10% at the peak of bed, bath & beyond, of the overall retail trading volume that day. so we need to be careful not to extrapolate from that 10% to the overall 100%. i think the interesting thing is this is not a phenomenon that we have been se

what is the issue with peak food inflation with the indivisces? >> it is difficult to say. when we look at commodities with the recession fears, we will continue to keep ahead on prices and especially on wheat and beans. we will see grain which will be different grain. wearing going to see prices going back up once this corridor is over. we may see more price increases going forward. i have to say normally this is a delay with the price rise of commodity. it is three months to six months or nine months the supermarket shelves will see further increases. the increases we have seen in commodities has not been fully passed on to consumers >> one other angle a price of protectionism with countries banning exports of wheat and grain to helpful fill the demand of their council popupown population fooz is this a new situation? >> it is new we saw it with the vaccine supply chain these are limited and governments do one way or the other not elegantly. they try to secure their own supply in the fight against food inflation or banning exports with beef in argentina we are looking at

we are nearing, i think, the peak of this pressures. on the other side, you have china, i would emphasize, just ran the largest trade surplus i believe in world history in july, with more than 100 billion trade surplus in that month alone. that was not so much a function of strong exports, which were roughly flat month over month, still up year over year, but more weak exports. rishaad: yes. let's look at first word news now. president biden announcing student debt relief, giving as much as $20,000 to some recipients. he announced a four moratorium on repaying student loan debt. borrowers can recap payments of 5% of their monthly income. >> an entire generation is saddled with debt or an attempt at a college degree. even if you graduate, you may not have access to the middle-class life that the college degree would've provided. rishaad: the united states announcing 3 billion dollars in weapons and equipment for ukraine six months of russia's invasion, the biggest american security assistance package today. president biden said it is to

, ,., ., ., peak? yes, so one element and everyone _ peak?e element and everyone is talking _ peak? yes, so one element and everyone is talking about - peak? yes, so one element and everyone is talking about a - peak? yes, so one element and everyone is talking about a lot l peak? yes, so one element and| everyone is talking about a lot is the 0fgem energy price cap and we do kind of know what is happening there, so a big rise in april and there, so a big rise in april and there is set to be a big rise that we will hear next week in october so we will hear next week in october so we do know that could rise by about 80%, and that will cause this big jump 80%, and that will cause this big jump in inflation we are expecting round 0ctober, so energy prices are continuing to have a big impact but this war in ukraine is feeding through into food prices and this month the big story is food prices which have seen a big acceleration and of course, that is really affecting households because everyone needs to buy food. {iii everyone needs to buy food.

a trend and we have to see this repeated in the months ahead to be sure that this is actually the peakwhere we have been coming from, people are happy to have some good news for a change. >> fuel prices are coming down here in the u.s., they have been coming down for a month, there is no guarantee that they will stay down with the war in ukraine going on? >> that has been a factor driving the shortages around the world we have seen. as we go into the colder months, that causes more problems. hurricane season could impact capacity. the other thing to bear in mind, petrol prices and energy prices are coming down out of the is a factor in the drop we s iatio there are other parts of this report that shows rents are still higher and food items are high. for people gathering around their kitchen tables, they may not see much relief yet. it is all about the direction of travel here. >> just briefly, no recession, on the horizon, just get? >> the reading from wall street today, you have the dow jones jumping up 500 points. can the central bank in america and it is a task facing other central

the headline reading would suggest maybe we have seen peak inflation.n you look under the hood, different take away. but a spring in erik hertzberg with more details. -- that is ring in erik hertzberg with more details. in a most seems like this would be a similar reaction to what we saw in the u.s. last week. when it comes to the core inflation story, it is a reminder a rake -- rate hike is on the horizon. erik: it came down to 7.6% year-over-year. if you look under the hood into the details, you saw a lot of the core measures strengthening. you saw measures like the comment to cups essentially. you saw the debate of canada falls closely rising to 5.3%, a record going back. some tightening there. energy, gasoline was a major reason why the headline rates fell in the first place. you look at decreases in gas prices in canada, you see energy and food, all those core measures still increasing. really, he see the headline coming back. still a lot of inflationary pressures underlying these. taylor: does that confirm the stickiness of inflation? erik: i thin

but here, its lush, it's 200 metres wide, and this is the peak of summer. rains after monsoons, it will get even more lush, deep. and this river is now going to be used to service this dry, arid, rocky region of this area, where ground water has dried up, whatever is there is not fit for drinking. the rains are not regular. every other year is declared a drought. so the government plans to use surface water from the yamuna to take it to individual houses via tap water connections in 400 villages in this area. it is a solution tried by previous governments too. then the river's water wasn't enough. it dried up and the crisis swelled again. how will this time be any different? the engineer struggles to explain. translation: we plan to use surface water. i we have assessed that, if we dig a certain amount of water, it will not lead to scarcity. if there wasn't enough water in the yamuna river, the scheme wouldn't have been sanctioned. the deadline is looming large, and the project is lagging behind in central india. would the experience be any different in the

i don't think 9.1% that we got last month is the peak. i think we'll take that out. it may take a few months to do it, but we will do it. liz: kenny, what about you? peak inflation and no recession, is this a opportunity for equity investors who were waiting for that bottom to say, okay, now i feel comfortable. i'm getting back in? >> well, listen, you certainly feel a little bit more comfortable and the action today is all very exciting all though i'm still a little unsure where i don't think it's over yet and we'll pencil a bit lower before this is over, but that doesn't mean you can't be strategic and take advantage of maybe names that have gotten beaten up that will fair okay, but i'm not completely convinced that inflation has peaked nor that we're not going to test the june lows or close to the june lows. liz: can i count on teddy to be the optimist here? let me guess: no. >> well, i would certainly state the obvious, liz, up is always better than down unless of course you're on the short side of the market so clearly and most people played alongside so there's

i'm seen beardsley in berlin is inflation in the world's largest economy peaking. that's the glass half full outlook after wednesday's reading of u. s. price growth, annual inflation in july, falling slightly and remaining unchanged from the for decade. hi reached in june. markets in the u. s. and asia responded enthusiastically to the new reading. investors hoping the u. s. federal reserve will now hold back from a higher interest rate hike. that would cut deeper into business profits. carson just he is chief economist for i n g germany. he joins me for more. carson, or we celebrating too early is peak inflation in the us. now, what can we really say, and what can we not say? well, i think where we can, we're celebrating turn in all honesty. yes, it might be that next month in phase wants to continue to come down. why's that? because energy prices have come down as the price come down at the same time, we still see that way you saw rising in the us. the labor market is strong, so i think we're celebrating to early, even if it's late. my continue for a couple of mo

we will see peak inflation next week with the peak cpi number. if you have peak inflation, what else do you have, peak powell. if you have peak powell and inflation you get the market rallying. i think you have another window for another couple of weeks but i believe that powell will not take his foot off the gas on raising rates which is a negative for the economy and the market as a whole. if i had to sum this up in this financial soup i think we will get -- i agree with guy, you will start to see -- look at the oil chart. dip. lumber, wheat. low at pecifically oil. what did we hear about opec. opec had the smallest add to production in history. they might as well not added anything. what did it do? sold off. if that is where we are putting our eggs in that basket, then you will be in for a surprise when you see cpi come in shy of where it's supposed to come in. now you have gasoline fall off a cliff, commodities off a cliff. that will be captured in food and energy in next week's cpi. the market thinks that powell will stop raising rates soone

there would be a shortfall of a sixth of peak demand.that case, the government would switch to emergency coal supply, override commercial c ontracts and induce blackouts for some industry and homes. manus: liz truss is talking about tax maneuvers, etc. if this comes the past, it will challenge the incoming prime minister, isn't it? full stop. lizzy: boris johnson has said he will not do any more fiscally to help until we know we the next prime minister is. we had more hostings yesterday with a liz truss and rishi sunak laying out their stalls. households have an extra 1.3 billion dollars of debt, because we had the energy price cut hikes, they are already in a difficult situation. manus: lizzy burden in london. coming up, elon musk is at it ag this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. so many people are overweight now, and

so, the white line shows the projected peak to trough fall in output of 0.25%.early 19905 recession, which is in green if you can see it, although less than the global financial crisis which is shown in pink. now, in marked contrast to these previous episodes, this predominantly reflects the adverse impact of the very sharp rise in global energy and tradable goods prices on uk real income spending. and as shown in the chart for inflation, these elements are further accentuated the extent to which the mpc baseline projection, uk cpi inflation is well above the target in the first ab 18 months and well below the target in three years time. cpi inflation is projected to fullbacks from its peak to nine and a half percent in four years time but domestic pressures are outweighed by assume stabilisation of energy prices and falls in tray with double goods prices. then fall sharply to the... domestic factors also fade. and then it falls well below the target in four years time reflecting a further weakening in domestic pressures. going back to my introductory remark, th

the last super peaks in her super sites. phase. the last super peaks in hersupersites. best phase.we go, a light—hearted story for you. china — as many would know — is well—known for its ancient practice of acupuncture as a way to promote the healing process and general well—being. now increasingly, pet owners are turning to the method to help soothe the aches and pains of their beloved cats and dogs. in this beijing clinic, pets of all shapes and sizes are being signed up for treatments, care that their owners say is less invasive and comes with fewer side effects than conventional treatments. recordings of gentle bamboo flute music and birds chirping are played to help the animals relax. translation: she is enjoying it translation: she is en'oying it u . translation: she is en'oying it u- before translation: she is en'oying it up before she * translation: she is en'oying it up before she used _ translation: she is en'oying it up before she used to h translation: she is enjoying it up before she used to refuse - translation: she is enjoying it up before she used to refuse to| up b

has had peak inflation. to your point about citigroup and others calling for more jumbo hikes, if we get inflation close to expectations or higher, the fed will have more work to do especially after the jobs report that was so strong suggesting they have a long way to go until inflation is back under control. if it is a downside surprise, tomorrow will be about peak inflation in the u.s. it is upside, more people will talk about a hundred basis points. dani: also interesting to see bets of a rate cut by mid next year, enda curran in hong kong. now to politics. kenya is heading to the polls today. it is east africa's biggest economy and has been expanding rapidly. developing countries like kenya have been pummeled by inflation, food shortages and increasing debt gardens. let's bring in jennifer zabasajja in nairobi, what are going to be the main issues that come from this election today? jennifer: inflation is the central issue here. it is different all around the world but in emerging economies like kenya it

we are not back to where we were at the peak of 2019. we are sort of 15 to 20% down and generally trending in positive direction. my guess is when we get the second third quarter of next year, will be back to peak levels of demand similar to -- what has been interesting and documented at this point is the leisure business has been off the charts. if you look at the demand for leisure, the rates on leisure, they are significantly higher than the peaks of 2019. the business segment and the meetings and events segment is on a slower recovery which you would expect but building up some momentum. >> so you think the worst is behind us? >> i think the worst is definitely behind us. >> as covid was hitting the industry, you had to close hotels and laypeople off eared i assumed that was externally difficult. >> having done this for almost 40 years, we open hotels all the time. at this point we are opening more than a hotel a day in the world. we very rarely close hotels. when a hotel opens, it is open most of them forever. you opened them up. th

even in peak season, and we're at the absolute peak of the season right now. you can be all on your own . and same concept on the key milan does for climate change. we haven't felt very much yet for lifestyle. maybe it's objective because you don't notice gradual changes as much for in the woman. and it's so dark vaughn, him over, but we've always had a few tough winners and some very mild ones. maybe we've had dry winters and we've had lots of precipitation. we've. we've had flooding and then we've had very dry years. it's always changing. a lot of people are spending their holidays closer to home. how many germans are staying in germany? what have you noticed here in the region on the us dyna i found out thesis ya here in delegate division. ah de guest is the guests are noticeably more relax than in recent years. it relaxed in the sense that most readily accept it. when you say they can't do something or other, if you can see the missiles, there's not so much i want it, and i want it now which has been something of a trend the past few years. with it, i can

we've been claiming that it's peaked at 7%, others claimed it's peaked at 8%. and some claim it has peaked at 9% there are things i expect to power through, like the energy component. while we saw a pullback yesterday, there's structural reasons why i think they'll re-emerge. at the end of the day we haven't seen a significant impact yet from what they have done so it was curious to me that he would, depending on how you heard it that he would sidestep and say from here on out it would be singular decisions based on the data we haven't seen any impact from the previous actions >> you say it the right way too. it's depending on how you heard it the market obviously heard what it wanted to hear. fed officials have come out and suggested that maybe all of you guys got it wrong because that wasn't what the message was. nonetheless, the market is sticking with the story because there hasn't been a great reversal in the days following what powell said and how it was interpreted. what about greg points. >> i think he makes a lot of great points i think we're actually

and hen harriers in the peak district have their most successful breeding season in more than a decadeng up on the bbc news channel, we'll have details of england's squad for their upcoming world cup qualifiers as the heroine of the women's euros final chloe kelly misses out through injury. good afternoon and welcome to the bbc�*s news at one. police have arrested a man who was the main target of the shooting in liverpool in which a young girl was killed. the 35—year—old was injured when a gunman opened fire as he chased him into a house. inside the house was nine—year—old olivia pratt—korbel, who later died in hospital of her injuries. detectives say the arrested man is being held for breaching the terms of his release from prison and will be questioned over the murder. the gunman is still at large. live now to our correspondent, danny savage. there is still the area sealed off around here, still some activity at the house where the shooting took place, just down there, about seven or eight houses along on the left. but it's notjust this street sealed off. the whole block, a very larg

he is attacked by the media and he has his battles with the left and that reaches a peak or a first peak at least it is very contentious confirmation hearing and then on through today on the court and we tell that story and it's dramatic story in the film in the book or i should say. we let clarence thomas tell that story. and you refer to that in the book as the radical years. yeah, but you also. bring up the theme or he brings up the theme. of circumstances controlling you rather than you controlling circumstances. and that's something to be avoided he says. well in fact you know, he i think what he i think he would say that. he was blessed by having this core upbringing by his grandfather and these nuns. i mean, he would not have been who he is without them and he is constantly referencing how important they are to him. i mean we end the film with us with his talking about his grandfather in the book picture things and with the pictures of the two of them and i think he feels that he was blessed in his circumstances other people might see a differently he was born in dire poverty. he

another outstanding peak as the fats man at 2713 meters. it's the 3rd highest mountain and jeremy, towering over the town of bashed us garden. upper barrier is also known. breadth many lakes. the largest is kinsey, which has the nickname, the bavarian sea. there's also a bite kinsey, one of the highest and most prestige lakes in germany. above all upper bavaria is a paradise for nature lovers. especially those who like to experience the world on foot or by bicycle. the alpine landscapes are spectacular. whether it's the cavender mountains or the fetish times with chickens, nicole clearly decided to make her way from the town of mittens, voucher to the 1870 metre high shahan, part of the veteran and mountain range. beautiful bavarian landscape. the paths are wide and the ascent is still manageable. after a couple of minutes of riding through the forest, i arrived at a lousy but i still have a long way to go with after one last deep climb. i think i deserve another little break with to see the better. sh dinah! oh, no rest for the weary. it's

the market has been focused on if we are at peak inflation.hen, everybody can relax and the clock is ticking from widen the fed pivots. we have our inflation peak so, that is it. the fed is going, hang on. inflation is really high. core cpi, that has peaked some time ago. but they are still willing to hike rates. it has still proven sticky and they have not come down much. i think the fed officials are still really altered by what went on in the 1950's. once inflation peaks and started to come down, they're almost worried about recession. but then, bank they have to hike again. dani: perhaps they are also hunted by the 1970's. things like shelter are trading upward. as manus was saying, you get a big reaction in risk assets as well. what does this mean in terms of how much pain there could be in a potential correction if we are getting bit up on risk at the moment over one use of data? >> one of the things going on is that data is sparking a lot of volatility. this rebound is a very tough potential situation. if we have peaked and the fed will

>>> and peak jobs, employers are starting to pull back on employment postings so says zip recruiter's ceo, he's here to tell us if the labor market is cooling and whether workers are starting to lose, kema little bt of their leverage. >> speaking of pullbacks, the dow not having one right now session highs, it's up for a fifth straight day, by the way, and its outperformance today is helped by those strong results from walmart and home depot. the s&p 500 is now up half a percent to 43.17, even the nasdaq has gone green by 16 points, and we have some more momentum names like zoom and moderna under pressure today the retail sector is the standout abercrombie, kohl's, american eagle all gaining, look at this, almost 10 to 15% the retail etf, the xrt having its best month since january of last year. and of course we have to mention bed, bath, and beyond up 71% now today. this is an $11 move to $27 a share, brings its month to date move to almost 450%, so a more than quintupling tie as media holds strong in at least this name right now. >> thank you let's talk about market domination even