powell: i did. i was one d about 15 people who worve one year in washington in one of the offic of the cabinet. in my case, i worked in the office of management and budget, and i learned a lot about government in that year. david: after your white house fellowship, you did what? powell: i went to korea an infantry battalion in korea. david: ok. powell: it's a year that i've considered one of the most rewarding years i've had in the army. we were just starting out in the volunteer army, and it was my opportunity notto train these young people, but to give them a ged educatn and english as a second language. david: you eventuallynt to e. powell: i was in europe as a young lieutenant for two years, then the period you're talking about is i worked for cap weinberger. david: the secretary of defense? powell: he was the secretary of defense, and i was his military assistant, his senior military assistant. and after two years, it was time for me to move on and get back in the army, and they got me an assig

powell: jamaica. david: jamaica? powell: yep. david: so growing up in new york, did you enjoy new york as a young boy? powell: i thought it was a wonderful place to be a kid. e,it was such a diverse plthat d onat this is what the world is, full of people of different backgrounds, cultures, colors, you name it. and, of course, ccnyplica. of different backgrounds, i learned a little bit of yiddish working for 6 years in another corner of the south bronx at a place called j. sickser's, which sold juvenile furniture and carriages and toys. he was a russian jew. it was me, there was irish driver, and an italian salesman in the store. and one story i love to tell is, after i had been doing this for a couple of years with j., he came up to me and he put his arm around my shoulder and he says, "collie, collie"-- a jewish yiddish diminute-- "collie, collie, don think "you can stay here at this store. "this will go to my daughters and to their husbands. "i want--you should get your education and go somewhere and do something." d i had inte

powell: sure. so we will be looking to murder new -- part of the existing volcker rule, and that is the covered fund provisions of the will call. we are making a bunch of the provisions which we believe are faithful to the letter and spirit of the law. we will put that up to discussion and listen carefully as we always do to public comments on those proposals. you'll see them tomorrow, a board meeting to do that. nancy: are you also changing the rules for hedge funds and private equity funds? mr. powell: it's covered funds. so it's not proprietary trading part of volcker, it's the covered funds part. reporter: is there a chance that banks could take this and run and maybe you could get involved in mortgage backed securities again, risk investments? -- risky investments? mr. powell: we think that what we are doing is very consistent with safety and soundness, and absolutely consistent with volcker rule. we'll be getting comments and questions among others. reporter: thank you. thank you, chairman po

powell: thanks. i'll just say that we understood took the review because we felt, and i felt, that it was time to incorporate the realities of what we could call the new normal. into our policy framework. some aspects of that new normal would include ongoing powerful global disinflationary trends which have led to lower than target inflation many places in the world. secondly, a flat phillips curve, by which i mean low levels of sensitivity of inflation to resource utilization, for example, low unemployment. and thirdly, a much lower neutral real interest rate. here and around the world. so those are challenging conditions for monetary policy, to deliver on our statutory goals of maximum employment and stable prices, although i would say that under our existing framework we've been able to succeed or get close to succeeding for most of the time lately, to achieve those goals. although we do struggle, as other central banks do, with the inflation goal. so this is about reviewing our strategy tools and

today to remember the life of georgia state representative jay powell who passed away in late november at the age of 67. at the time of his passing, representative powell has served in the georgia general assembly for 10 years and had dedicated his time in public service to helping the rural areas of our state. his colleagues remember him as a straightforward talker and remember that if he said he was going to do something, he did it. a testament to his honest character, during his tenure he rose to one of the most powerful members of the assembly as the chairman of the rules committee. there he played a large part in the-n deciding which bills came up for a vote. one of his most important priorities included introducing a bill that would require small fees collected by the state, like police fines, to be spent exactly where taxpayers are told they would be spent. representative powell was going to be deeply missed in georgia and throughout rural georgia. his family and friends will be

thank you, chairman powell. i'd like to turn your attention back to china expect health of its financial sector in particular. and i guess i'm basing my question on reading the transcripts from 2014 that came out earlier this month. in march of that year, there was concern about the chinese economy, and one of your colleagues on the fomc at the time asked the staff about how the chinese economy would hurt -- hit the u.s. economy. and the staffer said that there was a, what they were worried about was not only the chinese economy slowing down, but there was the financial sector. and the quote was, "there's a tremendous amount of dodgy loans in china." now, i was wondering if you could give us an update on these problems in the chinese financial sector and how you think it might impact the economy, particularly now that they've been hit by this unexpected shock. >> well, china has had a problem for some years including from that period, 2014 up until, i guess, '17 or '18 which was, essentially, just a lot of debt.

powell's news conference. first we're looking at the banks. what the fed's current stance means for them and especially these regional banks right now the kre is down slightly special fed decision day "power lunch" will be right back. what's important to you.se w saving for ava's college. being able to retire on our terms. taking care of dad. why ameriprise financial? my advisor cares about my personal goals. he gives us comprehensive advice. i feel prepared for what's expected in life and even what's not. she helps us feel confident. we know our financial future is secure. with the right financial advice, life can be brilliant. ameriprise financial. - [narrator] at southern new hampshire university we're committed to making college more accessible by making it more affordable. that's why we're keeping our tuition the same for all online and campus programs through the year 2021. - [woman] i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look we can do this!" - [narrator] take

charles: full disclosure, i'm in it. >> all-time high, charles. >> here is jay powell. thank you, danielle, jason and paul. >> good afternoon, everyone, thanks for being here. at today's meeting my colleagues and i decided to leave our policy rate unchanged. as always we base our decisions on our judgment of how best to achieve the goals congress has given us, maximum employment, and price stability. we believe monetary policy is well-positioned to serve the american people by supporting continued economic growth, a strong job market and a return of inflation to our symmetric 2% goal. the expansion is in its 11th year, the longest on record. the growth in household spending moderated toward the end of last year but with a healthy job market, rising incomes and upbeat consumer confidence the fundamentals supporting household spending are solid. in contrast, business investment in exports remain weak and manufacturing output has declined over the past year. sluggish growth abroad and trade developments have been weighing on activity in these sectors. however, some of the

i'd payoff a lot of debt >> is chairman powell out of the dog house? >> i don't want to talk dog house. i don't think he should have raised the rates >> should they go down >> i do. the dollar is very, very strong. we have a very strong dollar that sounds good and it is good but it is bad in terms of manufacturing. i've created almost 700,000 manufacturing jobs the past administration said manufacturing is dead. tell me about that we have had a tremendous success but it is harder with a strong dollar i want this dollar to be strong, p powerful, great. if you lower the interest rates, so many good things will happen. i want to payoff debt. we are posed for tremendous growth >> let me ask you about that we came close to 3% last year. this year lower, we've had the china trade war -- >> we had many things. >> we did. do you attribute the gdp at 2% to the fed being tight for too long do you acknowledge that some of the tariffs or uncertainty engendered by the china trade war affected gdp >> it will be higher than 2% a lot of people are thrilled with that.

abby: i have great confidence in chairman powell and did team that he has -- the team that he has.hink they see the pragmatic aspects of what is happening right now and i think they would like nothing more than to be and an environment where we have tol interest rates returned positive levels. it is something they know how to use as a policy lever. there in a very awkward position right now in terms of having very limited policy tools. tom: this goes back to work in academics with some very high-level mathematics. abby joseph ghosn, folks, can do the math. cohen, folks, can do the math. to remove out of this with drift functions and such or do you like jump this at conditions and discontinuous moments? abby: i'm going to change the question a little bit and say what are the other issues that are leading to these very low interest rates? we tend to focus only on policy tools and that -- one of the things people forget about is that we have been in an environment in which this move towards globalization has in fact kept inflation lower. we are in an environment where population growt

up next, it is about jerome powell.ignaling a readiness to combat the global inflationary downdraft. nejra: carney's foreign -- final cut, he will chair his last policy meeting with traders and split on the possibility of a cut. we'll bring you live coverage of the rate decision at clock p.m. london time and carney's final press conference at 12:30. this is bloomberg. ♪ nejra: this is bloomberg "daybreak: europe." manus: let's turn our attention to the fed and continue the conversation. the central bank left rates unchanged last nht. is intent on he evading the downward spiral in inflation that hounded other companies. it comes as the fed complete the review of its policy framework by the midyear. >> this is about reviewing our strategy tools and communications to ensure they are the best we can do to achieve those goals in this environment on a sustained basis. we continue these discussions at this meeting. i am very pleased with the process. we now have a series of fomc meetings where we dug deeply into strategy tools

abby: i have great confidence in chairman powell and also the team he has.t just members of the board, but also the staff members. and i think they see the pragmatic aspects of what is happening now. i think they would like nothing more than to be in an environment where we have real interest rates return to positive levels, because it is something that they know how to use as a policy lever. they are in a very awkward position now. tom: this goes back to some of your work with some high-level mathematics, i don't know if it is differential equations, but abby joseph cohen can do the math. do we escape out of this central bank experiment with smooth controllable stable curves and functions or do you look at 2020 or 2025 as jumps and discontinuous moments? abby: i'm going to change the question a little bit and say what are the other issues that are leading to these very low interest rates because we tend to focus only on policy tools. one of the things many people forget about is we have been in an environment in which this move toward globalization has, in

francine: we heard jay powell of the fed talking about this.ave any models to look at at how consumption changes? i want to get nicholas' thoughts on the fact that the luxury sector is pretty immune, dampening overall. but if you are in italy, what makes you stop going into the u.s. if you are buying toothpaste or a washing machine? dr. local consumption, the impact will be more from the >> local consumption, the impact will be more from shifting from one part to the other. the second-order impact comes from how are we going to get things that i want to sell from a to b, particularly when china which is a big money effect -- manufacturing hub anyway. short term, the impact will be felt in the data. we will look at q1 data in particular. it will be that short-lived, and we have seen in the sars case, there is actually scope for a potential rebound. the authorities are there standing by, but other central banks. powell mentioned that. we will see with the boe does. supportl continue to demand globally. francine: is there anything chief executive

>>and cner powell reports now owhat he meant to the los anles community. >>we went to saw the tragic death of kobe bryant has sent shock waves aroundthe world. >>wasn't is what he accomplished and how it comes to fans friends and fellow players around the world morning, one of the greatest players ever to grace the basketball court you things like a bad. >>in a bad dream brian his 13 year-old daughter gianna parish ang with 7 others. >>when the helicopter they were traveling incrashed in the mountains outse los angeles, the area around the crash is now on lockdown in an effort to keep curious people in paparai away. no one is site or allowed to fly any he lower than 5,000 feet above also killed in the crh orange coast college baseba coach john altobelli his wife kerry can dahter alyssa sarah chester and her daughter pa in chester al died in the crash. the group was treling to the girls basketball game in 1000 oaks california the mamba sports academy. the investigation into what caused the crash is under way by guess will to know in time whether was a fire

drone powell and his fellow policymakers are boxed into this policy would prefer to not be but the market right now is saying try just try me try and pull the plug try even reduce the liquidity and see what happens i mean we've heard that before they've actually extended these terms starting the new year taking out the new year so i really don't see that happening so now we had recently tweeting once again about negative interest rates so would the us ever see itself in a position where we actually go negative because europe also to know that would never happen to us and look at them now. you know look there is always a possibility and there has been a ton of academic research that has been produced here on on us shores that say that there is a feasibility and a way that we can find our way to negative interest rates the best is i can give you about jay powell and most of his peers on the forum see is that there are adamantly opposed to negative interest rates the point of negative interest rates is that they work everywhere else but where the reserve currency status lives other countries

begin to price in as you said 7 a rate cut earlier in the year than the federal like remember jay powell came into 2020 his last press conference of 2019 saying there would be no rate cuts or rate hikes for that matter in 2020 and yet as of the coronavirus headlines beginning to hit the wires we now have not one but more than one great cut priced into 2020 and by the way the fed has never defied market expectations if they command and demand a rate cut so we could just throw in the bad news is good news mentality and vice versa i mean if things are bad enough the fed is always going to come to the rescue becomes the safety net 1st of all isn't that a dangerous mentality for the market to adopt and if that is the case do we even really have a market or at this point is the entire thing so goosed that nothing is being played off of any realities anymore everything is built upon kind of this structured run market. well you know to your point there are actually numbers we can attach to that buddy of mine david rosenberg rosenberg research ran a correlation analysis and the s. and p. 500 has

and a way that we can find our way to negative interest rates the best is i can give you about jay powell and most of his peers on the forum see is that there are adamantly opposed to negative interest rates the point of negative interest rates is that they work everywhere else but where the reserve currency status lives other countries have adapted their investment models to use positive american interest rates so that they don't come out with with products that are unchanged or on unknown i don't think that we can go to negative interest rates the way that the president has been asking for simply because it would make the u.s. government selling treasuries pay the government back it's not as easy as that it's much more complicated when you are at the epicenter of the global financial system . former fed insider danielle de martino thank you so much. thank you. finally today how does a famous billionaire investor like warren buffett and a massive corporate entity like progressive insurance get caught up in a ponzi scheme a simple just attach the words solar power to it so here's the stor

jay powell mentioned the coronavirus, economic uncertainties that have seen investors piling to safe havens like the yen. the offshore yuan is losing ground after yesterday's session. we see weakness in the korean won. we did hear from the bank of korea saying it is too early to assess the impact of the coronavirus, in terms of a rate cut in south korea. the thai baht are testing june lows. we are counting down to the reopen of markets in india, as well. yesterday, we saw indian markets rise by .6%. it is looking likely we can see more selling when markets reopened. we have the rupee holding at 71. a little bit of movement coming in the 10 year yield. holding at 6.572. let's get the first word news with su keenan in new york. fighte latest on the against the virus. the world health organization called an emergency meeting later thursday to discuss a former global alarm over the coronavirus outbreak. governments are tightening travel restrictions and several airlines are cutting services to china as the death toll mounts. the u.s. says the entire world must be on alert. to the u.s., t

the powell pivot, balance sheet expansion, certainly fueled an excellent year for bbb corporate's.he balance sheet expansion and the accommodative fed policy is helping those asset classes. i think the onus is on market participants to look at other areas of high quality credit. credit spreads can remain stable. there are improving areas in u.s. credit, residential mortgage, for example. lisa: which you specialize and invest in. sam: that's an area that is improving postcrisis. there are unique opportunities. cautiousou have to be toward areas that have a lot of interest rate sensitivity. interest rate sensitivity could hurt those longer run performance numbers. lisa: is has been a theme i've been hearing. not a great risk reward risk proposition. we talk about high-yield bonds. are you just avoiding it, being selective? do you agree with that thesis? for bond guys, we are pretty optimistic. we think the economy will be ok. around 2.25. lisa: that is a bond present being optimistic. we think the economy will be ok. mark: given all of that, however, we don't think it will be another

we heard that powell is definitely not going to be hiking if it is below 2%.what he had to say about the inflation outlook. chair powell: we expect inflation to move closer to 2% over the next few months as unusually low readings from early 2019 drop out of the calculation. alix: i feel like the market took that as they are never going to hike, so you do -- so do you need to start hedging for inflation, at the same time hedging other risk? amy: we have seen people start to do that, and that is less in the equity option space, but that isn't the main trade right now. it is still more about whether we will see a cut in terms of what is priced in and people playing those tales then the other way around. romaine: how do we read those recent inversions? you are seeing this flattening across the curve. we should talk about not just oil, but the industrial metals as a whole. we have seen those prices come down, so the expectations in the market are much more tilted towards a decrease in inflation, right? sebastien: i think so. we have had so much stimulus, so much li

with iranan o feels he was instrumental in leading to the war in iraq, the chief of staff of colin powell, colonel lawrence wilkerson. stay with us. ♪ [music break] amy: this is democracy now!, i'm amy goodman. over the weekend, i caught up with congressmember alexandria

representative powell was going to be deeply missed in georgia and throughout rural georgia. his family and friends will be in my thoughts and prayers during this most difficult time. mr. speaker, i rise today to recognize petty officer second class nathan newburg for being named u.s.o. coast guardman of the year for 2019. stationed in savannah, georgia, i'm so proud they recognized him for his brave efforts to rescue the crew of an overturned cargoship off the coast of the first congressional district of georgia. in early september, officer newburg responded to a 3:00 a.m. call about the golden ray cargo ship capsizing. in early september, he was subsequently lowered from a helicopter, crossed along the side of the ship, and descended inside to rescue the captain and a pilot. his effort along with the rest of the coast guard rescued all 24 of the ship's crew. in addition to his work with the golden ray, he has helped evacuate individuals with health conditions from cruiseships, worked to recover coast guardsman bodies missing in action since world war ii in greenland, and co

this is at the top of the hour, followed by jerome powell's news conference in 30 minutes.ne checking out everything. this is this to be a ho-hum fed meeting, although there could be changes. tom: the meeting may be an announcement, there will be minutes and all that. for more importantly, scarlet, this press conference will be nuanced. as we just heard with shery, the virus has got to come up. i know the world health organization is calling for immediate meetings. that is all great, but the reality here is the press conference can really drive for the conversation this year. jaylet: especially if powell gives any kind of indication on how they are thinking about inflation and whether they are tweaking their approach to symmetrical inflation above or below 2%. tom: we will have to see. a good conversation at the world economic forum meetings. my bowtie is asymmetric this morning. we have got to get the bowtie straight. look at the mountains in the background. scott minor with us this morning with a very cautious the. i want you to restate in short time why you are so cautio

what is derived powell say well he was also asked about the possible impact of the coronavirus and he said yes that could be a problem but it's far too early to tell by how much paul also talked about the debt situation in china so that could be a bit concerning there were no big surprises but you can't ignore then the longer jerome powell spoke the more wall street started to struggle at one point and the winds this session were up by about 200 points and by the end of the day nothing really got a lift from those early gains so a cautious fed overall i would say was no big surprise this overall thanks for the takes yens quarter our financial correspondent in new york. now u.s. president donald trump has signed a revised trade pact between the united states mexico and canada into law he hailed the u.s. m.c.a. as a tremendous breakthrough for american agriculture manufacturers and auto workers the deal updates and replaces the 26 year old north american free trade agreement or nafta as it's known it contains stricter labor rules this time which could move jobs from mexico northwards to

, jay powell, finishes his term. and i don't see any other outcome. i hope that kevin has matured since we served together on the board of governors i think he's immensely talented and we'll have to see. >> it's remarkable in and of itself, is it not, richard, that we could literally be dealing with a time of amazingly historically low interest rates and historically high stock markets and a well-performing economy and we're going to change the chairman of the federal reserve. >> we know that the president doesn't feel confident about the current chairman of the federal reserve. knowing jay powell as i do, and i know him well, he has a job to do he wants to get it done he's not the kind of ambitious guy who wants to hang around forever. he has a perfect resume, in my view, and has done a lot for this country i think he will serve his term out and get it done and we'll see had an happens next. kevin is ambitious, but let's remember, he's also talented we'll have to see whether or not that manifests itself in coming ch

do you think chairman powell will mention that? >> no.he economists have to be careful of not doing ot job of the w.h.o that's not our specialty as you were talking about starbucks. restaurants have to shut stores, services are shut down when you get beyond the peek rate of the virus, then you start to see a rebound in activity we never know how long that's going to take. the chairman has to be careful to not make prognosis on what's going to happen here he can say if he thinks they are sitting on a good outlook. many unknown factors remain. you can chalk up the coronavirus as one of those. it is just too early to make a judgement on how you build that into your forecast >> that is interesting even if you are not going to a starbucks because it is closed or the movies because it is closed, presumably you are not going to make up those sales later. >> right when those factories open back up, in terms of the u.s. in the spi spillover effect of those, that is about 4% of china's manufacturing. it is not expected exports will drop our factori

from the federal reserve rates on hold what is derived powell have to say. well he was also asked about the possible impact of the corona virus and he said yes that could be a problem but it's far too early to tell by how much paul also talked about the debt situation in china so that could be a bit concerning that there were no big surprises but you can't ignore that the longer jerome powell spoke the more wall street started to struggle at one point in the way and this session we're out by about $200.00 points and by the end of the day nothing really got a lift from those early gains so a cautious fed overall i would say was no big surprise this overall thanks to the. financial correspondent in new york. and staying on wall street tesla stock has hit an all time high after the company posted its 2nd quarterly profit in a row the electric car maker saw record sales during the last 3 months of 2019 and expects to deliver hof a 1000000 vehicles this year tesla shares jumped 6 percent on the news facebook has also post of course of the results it beat many est

jay powell's first rate decision of 2020. apple rising to record highs. delivering its debut investor day. 30 minutes until the opening bell, good morning. here is your wednesday morning price action. futures firmer. .20 5% higher on the s&p 500. euro-dollar just down to 1.10. yield on the u.s. 10 year. today's fed meeting getting just a little bit more interesting. on pinse going to be and needles during the press conference. >> the conference could be more dovish than what was expected before. >> what the fed should be doing is sitting on its hands. >> it will take quite a lot to adjust from there on hold position. >> the fed is on the sidelines. >>

jay powell will be peppered with questions about that. we will probably have to wait months, to, a few find out for sure. david: thank you so very much for the reporting today. stay tuned to bloomberg. we will have live coverage of the fed decision and chairman powell's news conference at 2:00 eastern time. now we find out what is going on with the markets. for that we turn to abigail doolittle. abigial: today is about earnings. earlier today we had the major , thenes solidly higher when then he announcement was made about the world health organization having an emergency meeting tomorrow, stocks started to climb back up. it is little bit more risk off, we have the commodity complex down again. we have bonds trading higher. it seems investors do not know what to do with risk assets, but apple clearly higher. david: explain those things. people are buying bonds and buying stocks. abigial: it tells you investors are probably hedging. they do not want to miss the possibility that we melt up -- the melt up we saw in 2019 and 2020 could contin

the same number of 0sca rs as meryl streep — we speak to the award—winning costume designer, sandy powellsoon after lift—off. there were seven astronauts on board, one of them a woman schoolteacher. all of them are believed to have been killed. by the evening, tahrir square, the heart of official cairo, was in the hands of the demonstrators. they were using the word "revolution". the earthquake singled out buildings and brought them down in seconds. tonight, the search for any survivors has an increasing desperation about it as the hours passed. the new government is firmly in control of the entire republic of uganda. survivors of the auschwitz concentration camp have been commemorating the 40th anniversary of their liberation. they toured the huts, gas chambers and crematoria, and relived their horrifying experiences. this is bbc world news. the latest headlines: the coronavirus outbreak which began in china has been declared a global health emergency. the number of those who have died has now risen to 213. the palestinian prime minister has told the bbc that, if israel annexes any part

we had a news conference with jay powell. the markets took away what they wanted to. what should we have taken away? vice chair clarida: we have said the u.s. economy is in a good place, solid growth, historically low unemployment, inflation stable. we left rates unchanged. that was the right call. we think policy is appropriate to support a continuation. solid growth, strong labor market, and low inflation. that is the message. low low inflict -- david: inflation is a good thing up to a point. we also saw the chairman saying i do not want to take any risk on disinflation. he was adamant about 2%. what can you do to make sure we are at or above 2%? vice chair clarida: that is a good point. we did clarify our statement saying we have a policy in place to get inflation up to 2%. the reason you want to keep inflation at the golf is we have seen in europe in japan that over a decade it gets harder to keep the economy humming. we are top you bought a policy that will move inflation up to 2%, which we think is important. guy: -- david: how will you get that done? you've not

what about jay powell on the fed's view of the economy?is in a good place, appropriate policy right now, what do you see? did he say and there is what do we collectively seeing the economy. i thought that in his remarks that jay powell specifically referred to the symmetric 2% toget, it sounded like a nod this idea that if they can get inflation up and it was actually above that 2% target for a little bit, he would not be stressed out because we have been below the target for a long time. there was actually content in that little nod. as i look at the economy, i see two different economies in a puzzling way. your heart goes out to the fed foc members because one part of the economy is still very strong. the consumers are confident, consumer spending is quite lowst, the job market has unemployment rates. that part looks good. then you turn and look at anything related to manufacturing, related to international trade, or the over rate,- overall gdp growth all of those are moderate at best. we are trying to sort out which of these is it, is i

is also not only looking at the stock market but he's always looking at the fed and what shape jay powell is doing it he's not printing enough money and if he's not printing enough money for me i'm going to drop a bomb so he has to print more money exactly people always ask me about trump and i say it's a new york thing trump is a new york this is. you know he looks at the global picture and he sees the challenge in the middle east he sees iran doing a dance with their neighbors and there's like you know what let's just cut to the chase it's just i got a guy in iraq and we're going to get more money printing right away because i want to make my yacht payment this week and why fox around this is the new york way of doing things i said it when they 1st got elected it's like ave york on the white house and having a new york around the world i'm a new yorker some of you know i got to tell you i love it just go to times square and look at that. in there and how crazy it is and you'll see why they were going to make them you know new york. you go to forget about it right so this is trump and it

shakespeare in love, gangs of new york, the favourite — british costume designer sandy powell has won the irishman. and this evening she‘s being honoured with the top award for excellence in film by uk film critics. our arts editor, will gompertz, has been to meet her. the oscar nominees class photo 2020. packed with famous faces and a few not so familiar, like the acclaimed british costume designer sandy powell. a multiple nominee over the years, who has won as many oscars as meryl streep, and can add a fourth in little over a week thanks to her work on martin scorsese‘s the irishman. this was worn by stephen graham in the irishman. and, funnily enough, is the most talked about costume in the film. people really like it. i mean, it‘s because it comes from such a great scene, where tony pro, the character, is late for a meeting with jimmy hoffa, played by al pacino. and there ensues a row, and an actual fight on the floor. but what it does, of course, and what you have done with it, is it communicates so much of the character‘s personality. yeah, it‘s a kind of arrogance of the charac

hill sent off, powell carried off. extra man but made little reason that until warrington got in more trouble. yellow card, sin—bin. now his team only had 11 men. defendant became almost impossible. liam marshall over. though never entirely co mforta ble. marshall over. though never entirely comfortable. warrington chasing to the final second but the warriors just outside out. patrick gearey, bbc news. novak djokovic was merciless in beating roger federer as he reached yet another grand slam final. he's a step closer to a 17th major title and defending his australian open crown after winning in straight sets against a man clearly struggling with injury. meanwhile, the women's final is something of a surprise. with more from melbourne, here'sjohn watson. we have the women's final complete. we'll come to that in a moment, but let's just reflect on another novak djokovic victory in the semifinals here to book his place in an eighth australian open final. it's a 26th grand slam final as he brushed the mighty roger federer