if something doesn't change, we get more now from ktvu s tom baker tuesday morning brought yet another fire at the wood street encampment in oakland. so far this year, there have been 48 confirmed fires here, including two in just the last week. last year, there were 155. some say it's a place of danger, while others say it's a pit of despair created by public agencies and private landowners . fact is, most of the people who were here are already gone. and nobody really wanted to talk to us, except one person who calls herself e being this railroad in the city and highway patrol and caltrans, all working together. basically thursday, the governor's office email to warning letter to oakland city attorney that within 24 hours, the city should reply with what the city will do to offer temporary shelter for individuals in the wood street encampment. otherwise the state will redirect funds the state complaints that it has given $300 million in total to the city of oakland and alameda county, including 4.7 million explicitly for rehousing activities at the wood street encampment yet people r

s. tom sales hit $20000000000.00 in 2 weeks with one foot to go into countries previously slammed by joe biden, as opposed to talk person with presenting you with the facts that challenge the mainstream media and government narratives. this is alta international week question will do start our program with the very latest updates from the ground in ukraine where key ebs shelling of danielle residential areas has left 3 civilians dead and 11 entered. ah, no, it's not what i do. dutch said dog at the red nod, stay here or there. okay. did that? yeah, according to our don, yes, officials, 30 residential buildings were struck by ukrainian shelling upcoming footage for you here on our tea. showing one house heavily damaged as debris lives around are scattered around the area. you can see for yourself. and we spoke to one woman whose husband was killed in that oldness city. how will i repay all this? how will i bury him? what will i say to my grand children when they arrive and ask, where is grand

we come down to the 8's. tom: what are we doing on rent? jonathan: i month over month call. seems pretty sticky to me and others. it will be something that lives with us through the rest of the year. a big reason why people think this fat will go further. tom: we know they will go further but how much of it? jonathan: what did larry summers say about chairman powell? he was pretty blunt. how are we at neutral if inflation is where it is? indefensible is what he said. we are getting the pushback in the fed as well. futures are up, crude. this is bloomberg. ♪ jonathan: futures positive up .6%. up .6% on the nasdaq. yields higher by three or four basis points. fed speaker after fed speaker pushing back after whatever you thought chairman powell said last week. yields creeping higher by 18 basis points. notice a turnaround in crude, up 2%. given the volatility we have had in the market, opec-plus coming out with the 100,000 barrel a day increase at a time when this president went to see the crown prince come suggesting that we need more. tom: brent crude, 102. we have not seen a

euro and he is looking for the yen to come down from where we are now potentially into the one 20's. tomstandard deviation study, that is a really strong japanese yen. way out. jonathan: it is about yields. we have some risk aversion and that is a stronger japanese yen. the yen story starting to work in a way it didn't work at the start of the year. we can see that this morning with lisa abramowicz. lisa: it doesn't confirm the gloom, and he is right when it comes to companies that have reported earnings so far. pinterest and uber, their shares are down or than 40% so far ahead of today's trading session. both shares popping dramatically. pinterest reported earnings after the bell. those shares of nearly 20%. elliott management taking a majority stake, but also the resilience of their user base, which is majorly female and is down 5% on the year, but still a lot more robust than people expected. uber, better than expected earnings when they are facing off with ridesharing, inflation, amid the inflationary inputs, shares up 11% ahead of the open. not doing hot, jetblue down 3.4% on the he

tom, we are 19% higher on the lows of the nasdaq. a 15% on the s&p. tom: let's do it again on radio. it is an august doubt. it is a doubt. we are very doubting. jonathon: the fed has done exactly what we anticipated they would do. tom: look at the inversion. jonathon: the equity market is not paying attention to that over the last couple of days. lisa: here's what i am wondering about. there is a doubt about the fundamentals that are driving that lower end and rate picture lower. it is believed that the fed is ultimately going to come to the rescue of this market and is still embedded in this market, but eventually there will be rate hikes. it is likely the expectation that quantitative typing will stop next year, in addition to rate cuts. that is still the belief embedded in markets. jonathon: priya missouri -- here we are. we are basically there. lisa: a row ahead. he tweeted out that this accelerating decline has spread. how much does that indicate recession? it has most of the time. people are saying we are beyond that. that lack of doubt you are s

tom keene, lisa abramowicz, and jonathan ferro. going into payrolls. futures right now on the snged. on the nasdaq, negative by not even .2%. no real drama here. yields up about a basis point. tom: jobs day, we will do that in less than two hours. we do here, the debates that are out there, and they are heated now on the path of the american labor economy. we heard from dominic konstam, anna wong joins us now. maybe more than anyone i know anna wong is moving the other way. anna, we can waxed philosophical about the theory of the phillips curve, the beverage curve, the shift in the beverage curve. he said this is a chairman powell who is not very curvy, and he will just raise rates to bring inflation down? can he ignore theory? anna: that is the thing. theory is very clean. the theory will tell you that, you know, if you want to bring the vacancy rate down the need to increase unemployment, but it ultimately settles the matter of how much the unemployment rate has to rise as you bring down the vacancy rate. right now the debate is exactly on how curvy is that curve? i tend to si

coastal in bayside areas to remain mild in the 60's to 70's reyna. tom, thank you for that. let's get a look at your bridge camps today and into the city right now across the bay bridge. 10 minutes. >> so that fremont street exit san mateo bridge a little under 13 minutes, a 80 to one on one. all richmond center fell bridge about a 9 and it right. and the golden gate bridge. 37 to the tolls. you're looking at a 20 minute morning commute. the time, you know, is 04:47am. and john michael green is joining the warriors. the new stretch ford was introduced yesterday at the chase center looking in there. he said he hopes to bring the level toughness that he's carried with him his entire career and playing here for the dubs was an unexpected opportunity. he just could not pass up. >> only they wished that they want to hear. one need to be a part of the program and no, i got on the phone with jerry my. we talked for a good man and we've been on each of us is a great no, it wasn't a hard feel like you come here, have a business or you can yourself up for life. so just happy to be her

next tuesday and wednesday, bayside areas remain in the 70's will coastal spots stay in the 60's, right. tom thank you for that. ok, let's get a look at your bridges this morning. a 10 minute ride maze to that fremont street exit. >> heading into the city, our san mateo bridge, 80 to one on one about 13 minutes for you as you're traveling. richmond center fell bridge so pretty light. 9 minutes as you head out of richmond center fell and the golden gate bridge. 37 to the tolls 20 minutes on this thursday morning. the time to use now for 58 am and former forty-niners star running back frank gore faces charges of assault related to domestic violence after an investigation in new jersey. well was charged with simple assault and a misdemeanor kron four's justine waltman takes a deeper look for us. >> disturbing details in a domestic violence case against nfl legend to frank gore. the allegation itself is a very ugly, aggressive, an act of domestic violence. according to court documents from new jersey, the incident happened july 31st between gore and a 28 year-old woman at an atlantic city hotel.

tom: shenandoah is there the week after. jonathan: down 1% on the s&p. asdaq, down 1.4 basis points. tom: since we started this epic show,. 1.08 on dxy. we are making jokes and it is friday in the summer and we are weight in -- waiting for the foliage to cac in -- to kick in. jonathan: equities lower. crude down 5.9%. kailey: how much is that a demand china story. it feels to me that is what is dragging down the entire region. expectations of chinese growth getting lower, 2.8% is what it is said they are looking for. by the pledges of stimulus they have been promising, the market isn't buying it. jonathan: do you have any complaints you want to share? kailey: i will not check a bag on any flight. jonathan: i want to see my mom and she wanted to send me back with things and i said i wouldn't send it back. are you taking bags? tom: i am taking four or five. ♪ when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds a

jonathan: i believe that was in the 70's. tomwhen the world began in the 70's it was challenging. and then in the 80's, it was the 80's. jonathan: thanks for that. lisa: i was the one who shared that. tom: get in and turn on that. pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. >> we have situation where growth is slowing the fed is tightening. >> they need to slow the economy down so the stronger it is now, the more hiking they have. >> i believe the fed targets inflation and by tightening financial conditions, it kind of gets there. >> i don't think the fed will be doing much in terms of hikes next ye

with tom keene and lisa abramowicz, i'm jonathan ferro. futures are positive, up .5 on the s00, and nasdaq. yields creeping higher by two basis points, stronger euro. euro-dollar, and a look out below, crude down about .4, 94 dollars. the opec-plus meeting, tom, rhett vienna, starting at about 11 minutes time. tom: i know, and it will be 12 minutes long. there will be four minute coverage. jonathan: i joke about it, but whenever we speak to them, i find it infuriating. given what is going on in the global economy, the energy crisis hits so many parts of the world, and they get together and have a escutcheon that last 15 minutes? tom: they have the same pr people as i have. jonathan:jonathan: i think it is ridiculous. tom: we will continue to monitor that seriously, and again, our team just doing a great job covering these dynamics. right now, annmarie hordern joins us. speaker pelosi after tokyo will fly back, and perhaps will have to do a fly around kansas. extraordinary election results last night. and what it is about is what put aydin in office, which is turnout -- put bi

tom: with all of my history here, it is up and down. now, it is a new level of down. jonathan: futures .2% on the s&p. ext segment, we catch up with morgan sheets -- matthew sheets with morgan stanley. tom: he was at brown university. jonathan: i do not know how we got onto this conversation. kailey: i want a pumpkin spice latte. ♪ when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have peo

tom andrews is the un special rubber term for human rights in myanmar. jones is now from hartford in the u. s. a. welcome tom . you have criticized the you went for not doing enough to help her or hinder, in comparison to the international response to ukrainian refugees. for example, what more should other countries be doing? there's a tremendous amount it can be doing for 1st of all, the level of humanitarian aid that are being provided by the international community is, is well below what is the fundamental requirements of the people. so come up from a jim and a cherry point of view. this is extremely important, but the key here i think is accountability. there have been, there is 5 years after these horrific attacks at no one has been held accountable for these acts. and as a result of that, i believe that the military hunter has been in boulder to commit even more crops were crimes, crimes against humanity. so in my view, it is critically important for the international community to engage in coordinated focused targeted factions cut off the revenue flow to the hunter, cut off the weapons

seen things hit higher, but the problem for markets is we are not used today trading at 1970's style inflation. tom was mentioning that 13% inflation really decimating people a bit. the bank of england will reflect in this. they have already put in the forecast, today they saw a forecast of 3500. it will be up again in january. that is about 800 pounds per year for the average household. that is a massive amount of money just been on energy. tom: i think it's very differ from the fed, where we have of different fed presidents, including kansas city. we perceive bank of england as a city and maybe london as well. what does 13% do to the bank of england's relationship when you go to the premier league this weekend to liverpool, to leicester, to newcastle? what is the boe relationship with the inflation the north will face? >> one day, me and jonathan will have to take you out to coalfield. -- cold field. i was listening to one union representative just early this week and the pay they are being offered after inflation, it is relate 10% wage cuts. that's doing a whole month of the year working for fre

tom: what depresses me is how many people younger have no idea about -- bob seeger defined the dismal 1970's wasn't olivia newton whatever her name was. jonathan: i'm going to rescue this segment. tom: great note. jonathan: much better than expected results for corporate earnings and support of any coming economic downturn is likely to be short and shallow. going forward, it also tells us that the rally in stocks is fragile given the possibility of further downward earnings. different people talking about the exact same thing. tom: there are a lot of different opinions out there. what i'm watching here, the people with the very cautious equity view, do they start migrating upward because of the resilience that we have seen in revenue? jonathan: did they get crowded in? this is going to crowd some investors in, and the short-term. lisa: in the short-term. how much does this mean that in the longer-term, people, sector spending or the travel sector or the balance sheet of the households. take a look at the savings rate, it has plummeted. at what point does that start to bleed into retail sales

alongside tom keene and lisa abramowicz, i'm jonathan ferro. futures unchanged on the s&p. the data 90 minutes away. tom: it's going to be interesting to go we need the headline data. you need to go right to wages. that seems to be with the debate is. that seems to be where the dynamic is this morning. i like your idea on monthly inflation data, maybe monthly wage data matters as well. jonathan: what is more important for the fed? tom: the inflation report. in my opinion next week's august 10 report is important, but there will be dynamics within this report that will allude to that. jonathan: lisa, looking for headline inflation to come down, or to remain high. lisa: at what point does the market respond to this in a negative way? we have been talking about the gloom and doom, and the elite of the world have been vocal about their opinion and we have not seen it in markets. we have seen an incredible rally. at the same time we are going to get a cpi print that is going to still be very high. if it comes down to 8.8% that is still 8.8%. that is a pretty hefty inflation read

lisa: people are saying it is more the 1940's. tom: we will sing a duet. futures advance, up 17.. this is bloomberg. ♪ ritika: keeping you up to date with news from around the world, with the first word, i'm ritika gupta. a few minutes from now we will get what is called -- economic report in the world. the consumer price index probably rose at an annual rate of 8.7% in july, still above the fed's 2% target. in new york, former president trump says he will be questioned today under oath about his dealings as a real estate mogul. the investigation looks at claims that the organization misstated values of its assets for tax reasons. this comes after investigators searched the former president's home in florida. china has ended those unprecedented military exercises near taiwan but says it plans to conduct regular patrols in the region. they began the drills after house speaker nancy pelosi visited taiwan. the uk's foreign office has summoned the chinese foreign ambassador to discuss beijing's wide-ranging escalation against taiwan. elon musk has sold $6.9 billion of stock in tesla.

well, coastal areas remain solid in the 60's rain. tom, thank you for that, ok?off of the bridge down from 25 to 30 minutes tolls to one o one heading into the city. 70 minutes. mace that fremont street exit. let's go ahead and look at the san mateo bridge accident did just pop up. 92 westbound right near the high rise, but which still around 15 minutes, i haven't seen those times change, but things could potentially change in the south along one. 0 one. 43 minutes. 85 up to menlo park. 2, 80 82. no major issues to 37. you're also looking better. 40 minute drive from san leandro into oakland along 80. so we are busy there. 5 80's busy. just not as busy crockett down towards the maze. about 20 minutes as you're traveling and if you're taking 24 wannacry down to 5.80, just under 20 minutes. daria, james, back to you. >> thank you very much. rain at 9.48. on the clock and for your health this morning. the fda has authorized novavax's covid-19 vaccine for emergency use for adolescents between 12 and 17. that's noon last month. the fda gave the company the green light

s. great. tom, thank you for that. into the city this morning. it's going to take you about. >> 50 minutes mace to that fremont street exit. now. well, we do have a disabled tractor trailer along the san mateo bridge right by the high rise. so we go and check on that. you can see traffic is starting to slow down a bit. there 80 to wants it's a little under 17 minutes now because one lane is blocked. the richmond, sandra fell bridge. no major issues on the westbound side. eastbound side. a little slower, though, as we had an earlier incident there. so if you're heading for richmond, sandra fell about 13 minutes. and let's check on the golden gate bridge. 37 to the tolls. just some fog there about 20 minutes on your wednesday morning. 7.17, for your money this morning. and then. >> build a bear has hopped into the pumpkin spice craze. and surging rents are squeezing out the middle class. jane king is live in the nasdaq with those stories and more pumpkin spice over there. and i >> seen it all let's start with because thi

tom: where does that leave the 2's and 10's, and that inversion, are we seeing the excitement he's of that or -- extremities of that? tatjana: they are taking their policy amended of keeping inflation low very seriously even if this comes at the cost of recession. i think 50 in september, and in december, this is definitely something we should see. i can see even more rate hikes from here. 2 hikes of 75 basis points, or 4% i see as realistic. the problem is they might not be able to bring inflation under control. and they also have to acknowledge the huge amount of public debt, and this will potentially cause problems to contain inflation. tom: for percent seems realistic. is there a scenario as we look ahead to the cpi on wednesday, where you get a number that comes in above estimates that forces the fed to act more quickly than september, can they wait until september? tatjana: it's hard to say without current data. but we could see some surprise that the upside. the fed is inflation driven, it could force them to hike earlier than anticipated by the market. despite the shorter-term

well, besides spots in the 70's coastal areas in the 60's rain. tomhat fremont street exit. the san mateo bridge 80 to one o one just under 15 minutes to make that drive. well, rich has ever you about a nine-minute drive travel at a richmond. and let's look at the golden gate bridge for that fog is a 22 minute ride from 37 to the tolls that 46 and let's talk baseball kuz. the giants won on the road against the detroit tigers. let's take you to the game here now. san francisco took the lead in the first inning with an rbi single by john peterson and then kept on going tactic. couple more runs on to that enough for the win. final 3 to one. they'll play again this morning. first real soon. 10 o'clock this morning in detroit. the a's are in oakland. let's go to the coliseum. we've got to find our seeds kids. oh, my gosh. they're all dressed up with colors here. >> the marlins to the big lead in the 6th and then the a's would score 3 runs and that it wasn't enough for the marlins, won it. 5, 3, d is go down, but they have another chance to play this aftern

tom mentioned in 1970's. yield curves and guarded by over 200 basis points back then. i don't think we will see a 200 basis points inversion, but certainly 75 is not out of the question. tom: we will do some work on that. i want to go to the optimist, neal from renaissance capital talking about this unique report. important in his math, the phrase, an inflationary boom. critical to me is the x axis, persistency of inflation over time. the x axis will be the key adjustment for the fed, not the y axis. ira: if you mean the fed will go the mary daly route, like 25% and then stay there, that is possible -- tom: is today's phrase the stay their jobs report? ira: it certainly heading there. we have another report and that has to be the consensus, no doubt. when i look at this report, the aggregate labor income figure, basically everything taken, it is still growing at 9% year on year. 9.3% a month ago. 9% year on year aggregate labor growth means everyone is going to have enough income in terms of, to be able to continue to buy even with higher prices. will there be substitut

this is "bloomberg surveillance," with tom keene and lisa abramowicz. futures down .1% on the s&p. , three days of losses. tom: three days of losses and a little bit of a snooze fest. we are waiting and the question is what are we waiting for? rbc capital markets, he cut his teeth on wage inflation and that's what's not going to be talked about at jackson hole, the labor economy, job economy and inflation seeping into something like the 1970's. jonathan: we are waiting for the panel on friday and the payrolls on september 2, cpi september 13 and a meeting on september 21. the road to september 21 is a long one. tom: do we get forward guidance? there's a lot of different opinions about what we are going to hear. i want to listen to michael mckee. what is so important is what he doesn't say, what he will not address is the international economy. it is ugly in europe. jonathan: will he address this market? lisa: does he feel comfortable how much it has rallied? still hanging in. is this ok for him? will he go back to the line we heard last month that even though the market has rallied

s. bring tom. thank you for that.if you are heading into the city this morning just under 13 minutes. >> negative from the maze. 2 that fremont street exit traffic is moving out there a little under 14 to one. 0, one as you're heading across towards the peninsula. well, richmond center fell bridge tolls to one o one a little under 8 minutes for you as you're traveling at a richmond. let's check on 5, 18, 80, about 17 minutes crockett down towards the maze. and if you're hopping on, 24 wanna creek down to 5.80, just under 14 minutes. darya. james, back to you. >> thank you very much. rain at 6.18, the city of newark will be installing at least 20 automated license plate readers around the city. the city approved the measure last month. and newark police have already had license plate readers in you. some of them attached to their patrol cars. but they say these new ones are expected to be installed in areas where people come and go out of newark. the department is going to be presenting their license plate reader polic

s. right. tom, thank you for that. ok, time to get a bridge check hea ing into the city this morning. mateo bridge. 82 want to one just under 40 minutes to make that right. our richmond center fell commute about a 10 minute ride as you head out of richmond and the golden gate bridge. 37 of the tolls 20 minutes on this tuesday morning. >> 5.48, right now as house speaker nancy pelosi progresses through her trip in asia. the white house is not confirming whether she's going visit taiwan yesterday. she was in singapore, but thai one east media reports that pelosi is going to visit taiwan later tonight. meantime, chinese troops are reportedly conducting military excess exercises with missile launches and they are warning the military would not sit idly by if pelosi were to visit taiwan. >> know going out to speaker pelosi visits taiwan. it were grossly interfere in china's internal affairs. it will only lead to a very grave situation and consequences. nothing about this potential visit. >> potential visit, which, oh, by the way, has president. would change the status quo. and the world sh

s. ambassador tom nights, who as i said, that he and his team in jerusalem are reaching out to relevant parties again to try to calm the situation. this is a something that tom, perhaps some would argue the biden administration doesn't need right now because it's trying to deal with increasingly a tense. a situation with bay jane about the speaker of the house is recent visit to taiwan. but that said the biden administration is very much concerned about what's happening there. also now unconfirmed reports that the defense secretary lloyd austin may have spoken to his is railey counterpart benny gant about the situation in the gaza strip version. jordan, thank you very much. it in the visa journalist and commentator harris said he joined just now from tennessee. thank you very much for being with us. how significant would you say the timing of this is in terms of israel in terms of his or at any time? is it broker who it goes? are you just need the excuse in don't with unity? if you want to be very cynical. so we had like 45 vague campaigns for elections in the recent 2 or 3 years. and b

good news for this market was good news. 4 weeks of gains on the s&p 500. tomearnings reports has been quite good. i like what julian emanuel has done. it has been a surprise. jonathan: you mentioned evercore. the fed watches over evercore. it is a tug-of-war over this fed, this market, and financial conditions. financial conditions have gone easier over the last few months. tom: let's go into that. help me here with financial conditions. the financial conditions went from 1 standard deviation to a much better 2. lisa: it is easy. yes, you are seeing that across-the-board. how much do you say " this is full hardy," and how much do you say " this is a bear market"? in addition to the weaker than expected inflation data, the rolloff we have seen in commodities --how much pressure does not take off gains? you asked tom earlier why art stocks down more on this chinese data? at what point does it reduce demand from the commodity complex, which relieves some of the tension for u.s. companies? tom: 100% of our viewers think texts -- oil. why exactly is that a bad thin

in the mixed relay, britain�*s quartet of tom dean, matt richards, freya colbert and freya anderson won from porthmadog in wales and it�*s her first ever individual international medal, after already winning a gold, silver and bronze in medley races at these championships. and after winning commonwealth games silver there was also gold for britain�*s lois toulson and kyle kothari in the mixed 10 metre synchro platform dive. it means gb have four golds for the championships so far. they�*re fourth in the medal table. rangers drew 2—2 with psv eindhoven in the first leg of their champions league play—off. 1—1 at the break, psv were the better side for most of the second half, until their keeper walter benitez made a mess of tom lawrence�*s free—kick. but rangers weren�*t ahead for long, and armando 0bispo equalised for psv. the second leg is in eindhoven next wednesday. that�*s all the sport for now. the gambling group, entain, has been ordered to pay 17 million pounds forfailures concerning social responsibility and anti—money laundering on its websites and betting shops. the entain grou

s. ambassador to israel tom knights, that they are reaching out to us all interested parties, although we would presume that they are not talking to anyone from islamic jihad or from hamas, which is in control of the gaza strip. because the u. s. considers those organizations to be terrorists groups, but this is a situation that does concern the biden administration. they don't believe that the time is right to start new piece talks. but they had been trying to encourage both the israelis and the palestinians to basically take god trust building steps in order to maintain calm and to build confidence in order to get to an eventual negotiation for 2 states existing side by side. and it does come up and no, no, no, no, no, for the long time after a visit from biden to, to the region, tennessee. what that achieved, and whether there was any kind of dialogue about to the future of the region. well the topic did come up during us president joe biden's visit to israel and to the occupied west bank. but he made it very plain that even though he wants to see a separate independent palestinian

alongside tom keene and lisa abramowicz, i'm jonathan ferro. futures -0.2% on the s&p. what a rally through the month of july. tom: it really is. ben laidler is going to give us tone against the bears, and as you know, reaffirming. i thought mike wilson's note with morgan stanley was fascinating. he reaffirms in a slowdown, guess what? at some point the earnings you declines. jonathan: the downgrades should come through fast in a recession. that is his point of view at the moment. we are dreaming, aren't we, going into the data? payrolls this week. tom: it will be a data-dependent fed. forward guidance out the window. we will see payrolls. you've got to pay attention. will the labor economy break? jonathan: over the weekend, neel kashkari of the minneapolis fed spoke twice, pushed back against the euphoria that somehow this fed paul's is coming soon -- fed pause is coming soon. lisa: this really is the key pushback, that fed chair jay powell said we are close to neutral, getting close to getting that rate where it needs to be for this economy. looking at the real yield o

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jonathan: good morning, alongside lisa abramowicz and tom keene i'm jonathan ferro. .9% higher on the s&p this morning. tom: the fallout from jackson hole last night, my body got back to normal. jonathan: new cash cow. tracy alloway and joe on the podcast they were happy to see objection from jackson hole. he was not excited, rallying after the market committee. tom: i will keep my mouth shut on that. it is august and that is ok. it is one of the oddest market days we have seen in the season. we have a great guest deposit reset for september 8. jonathan: something to say about neel kashkari. lisa: he said outside what everyone was thinking. fed officials probably look to the terminal app, to hear jay powell speak a month or so ago and say this is not what we want to see. it seems like markets got the message. it seems like jay powell was trying to make things brief and direct enough that there was no other way to go. it is stating the obvious. jonathan: is quiet, nice to finally say. he jumped on all of this, quibble equities, slashing on global equities. and the fed pivot goes out the

but tom pidcock�*s reign as king of the hills continued after 78 minutes over the varying terrain, hetles. ., ., . olympic titles. the tour de france this summer _ olympic titles. the tour de france this summer and _ olympic titles. the tour de france this summer and now— olympic titles. the tour de france this summer and now mountain i olympic titles. the tour de france - this summer and now mountain biking in munich! the this summer and now mountain biking in munich! , �* ., , in munich! the gb team helped themselves _ in munich! the gb team helped themselves to _ in munich! the gb team helped themselves to three _ in munich! the gb team helped themselves to three golds - in munich! the gb team helped themselves to three golds and | in munich! the gb team helped i themselves to three golds and two silvers is the first paracanoe sprint prizes were handed out. they included a first—place podium for ten times world champion emma weeks in the 200 metres. pretty impressive from emma weeks. nesta mcgregor, bbc news, in munich. and there you have it, that friday feeling. these lights keep

ktvu s tom vacar takes a look back at griffiths accomplishments.lie griffith spent more than two decades many of those years alongside dennis richmond, providing news and information to ktvu viewers. good evening. i'm leslie griffith before anchoring. leslie was a fearless reporter who often worked in dangerous circumstances, gathering information and writing the stories that gave her incredible presence in news live broadcasts on the anchor desk when major stories broke without question, leslie became the master of the three ring circus that breaking news often becomes like an air traffic controller. she definitely went from one source to another without script in hand asking probing questions of newsmakers experts and fellow journalists whenever a reporter had new information or a new interviewee , she would go directly to that person immediately to assure the viewers the latest information. before television. she cut her journalism teeth at the associated press and the denver post concerned with the problem of tuberculosis and circus elephants f

tom: i have no idea. it's a documentary. jonathan: you are ridiculous. futures positive 2/10 of 1% on the s&p 500. nt to do a road trip to london? tom: absolutely. jonathan: lisa is count me out. i'm new york city this morning, good morning, for our audience worldwide, this is bloomberg surveillance. ♪ 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. jonathan: live from new york city this morning, good morning most we are up about one/10 of 1% on the s&p 500 5/10 of 1% on the nasdaq. what happened on june 14? yields topped out for the year. we took out the june 14 high on the two year. yields are higher again by four bases points. this fed communicates pretty strongly and is ready to go again stop we had better than expected data yesterday in the new york fed president found this fascinating that everyone is on the same page at the moment and staying there. tom: i'm baffled i the fed speak.

tom keene and lisa abramowicz i am jonathan ferro. picking up a brand-new trading month with futures down on the s&p. e nasdaq a little softer, down .2%. tom: surveillance correction. bob emailing in from the hamilton college near lake moraine and he says moody's has apple as aaa. you are correct, and i was also correct. s&p has it at aa+. jonathan: who were the other disco companies? i believe it was microsoft and johnson & johnson. i can see lisa typing away. lisa: it is taking a minute to load. j&j and microsoft. good job. jonathan: i can take the week off. i am so done. tom: you have any more data? it is a no news monday. we are kidding. 10:00 the ism. and then a lot of data christian doing to august 10. win thin joins us. finally, a dollar breather. is that it for strong dollar? win: no. the simple answer is no. i know the dollar bears will come out. they have been very quiet. it is mostly about -- basically europe is heading to a recession once sooner than the u.s. will. as an fx analyst, if you are bearish on the dollar, what is the other side of the coin? eurozone, u.k., china, japan. all have

for our audience worldwide alongside tom keene and lisa abramowicz, i am jonathan ferro. futures -.25% on the sot earnings about an hour ago, walmart numbers in a minute. tom: maybe they are delaying. there like the big banks. they said 7:00, but -- jonathan: what did you make of home depot? tom: they are doing what home depot has done forever. there we go with walmart. revenues better than the estimate. comp sales 9.5%. ex gas, up 7%. the first look at an outlook for the back half of next year. they maintain their outlook. i do not know what the outlook means. jonathan: these retailers have had to cut their outlook. they come out with their outlook and then they cut it. walmart coming out and maintaining their outlook for the back half of 2023. lisa: you are seeing a pop in the shares ahead of the market open. how much are we seeing companies across the board lower expectations again and again as they revised lower before they put their earnings out, and then they cross that lobar in order to give a better sense. if they affirm their projections back to 2023, how solid is that? what will chang

s. and buster to israel. tom nies, the united states firmly believes that israel has a right to protect itself. we are engaging with different parties and urge all sides for com. no real condemnation there at all is or do you expect any international condemnation to israel's events today? well, it's funny that you mentioned that sweet because that came out before there was any rocket fire in response to these attacks from gaza. so at the time that the united states ambassador had tweeted that out, he said that israel has the right to defend at a time when israel had just killed 10 palestinians in your 55, palestinian struck residential buildings and killed a 5 year old girl. and also a young woman in her mid twenties, obviously civilians. so after israel defensive the united states is response, when there is absolutely no attack against israel is to say the israel has the right to self defense, which is pretty funny. when you look at the united states, claiming to be a mediator between the 2 sides. robert, thanks

s been amazing. the only way to finish, following in tom�*s footsteps, with a spot of karaoke at the swan. unched into space last sunday. china�*s space agency said most of its remains burnt in the atmosphere, identifying the sulu sea in the pacific as the re—entry location. let me just take you to trafalgar square in central london where fans are gathering for a celebration of last night�*s victory by england�*s women footballers. they beat germany 2—1 at wembley stadium. up to 7,000 supporters will have the opportunity to join the team at an event hosted by ex—player alex scott. plenty more coverage live from trafalgar square here on bbc news. hello again. some of us started off with some blue skies, whilst others had a fair bit of cloud and some showers this morning. but a lot of that will melt away and many of us will have a dry day until this clutch of fronts arrive in from the west, introducing thicker clouds, some rain and strengthening winds. now the cloud in the east will break. lastly across east anglia and the southeast, where we could still catch the odd shower even into the aft

alongside tom keene and lisa abramowicz, i'm jonathan ferro. futures down three quarters of 1% on the s&p. the main event is in taiwan. tom: it is. we will get to the markets. in my right, mike is with us later? jonathan: in a few hours time. tom: right now it is about nancy pelosi and the history being made in taiwan. absolutely stunning. i am not sure that the chinese quite see it that way this morning. tom: i would say not. there is a lot of reading to be had about what is different, but what it does come down to is the ability to make a mistake. when i talked to military experts, something like bloomberg in that regard. jonathan: we make a ton of mistakes on a daily basis. a visit we all anticipate in the next couple of hours. lisa: and everyone is trying to figure out what the response could potentially be. this is risk off, a pretty significant market ramification that leaves you with a 10 year yield going into that to 5% and projecting further. how much are people perhaps looking past some of the longer-term implications of the share between china and the u.s.? a lot of people ar

s&p. the nasdaq up a little bit more than .1% as well. tomvery importantly, look at what 2/10s do. 39 basis points. further inversion. jonathan: when priya said that on the show a few weeks ago, and there we are. tom: tom porcelli is from rbc capital markets. an absolutely brilliant study of the wage dynamics in the united states of america. i want to talk to you about what we just heard from david blanchflower, a linkage of these tumultuous times into wage growth is unfounded. give us your update on america's wage growth in this 9% inflation we are facing? tom: i completely agree with his assessment. people who are comparing today to the 70's, 80's are doing us a disservice. i think this has much more in common with the 40's than the 70's. i don't think this is some wage price spiral that the fed can impact. i think that effort will bear very little fruit. i think that that is hiking pretty aggressively into an economy that is slowing down. i don't know how that ends well. if their thought process is we have to tamp down on wage pressures, i

by the way, it's pronounced "tom hank. the "s" is silent. ice enough to cast me in "band of brothers. this is an amazing miniseries on hbo >> so, he'd seen "fever pitch" [ cheers and applause >> jimmy: no he's not seen any of my work up until that moment. >> oh, okay. >> jimmy: and so, we're doing this since world war ii and it's really amazing miniseries if you ever see it and so, i'm in -- in only one episode. i have one line. i go, like, "good luck, boys." you know and i have to pull up in a a jeep i go, "great." and he goes, "do you know how to drive stick?" i go, "i don't i don't know how to drive automatic. i'm terrible." [ laughter ] he's like, "all right, let's learn how to do it it's a world war ii jeep." i go, "okay. so you got to go in, you got to put it and make sure it's in neutral, push in the clutch, turn it on, turn the thing, start it up, put it in first, get -- get rid of the clutch as you push the gas and take off. [ laughter ] again, i have one line okay [ laughter ] so i go -- okay, so it took, like, an hour to do this th

s. ambassador to israel tom neither tweeted this. he said, the united states firmly believes i'll come back to that in a moment matawan. but 1st let's just look at the life picture right now out of gaza, explosions ongoing what looks like explosions. we hope to bring in our correspondence to tell us exactly what's going on in gaza right now and what's she seeing and hearing on the ground? do we have you? okay, well we'll, we'll bring it, do we have him now on the phone? you must say, matawan besought, i'll come back to you in just a moment. you must say it in god, i am not. what are you seeing? because on our screens we see a really dirty clothes eat i. i don't want to be in front of the picture, but as you can see their rates now, they're air, they're strong, are our rates now on there is a very strong, an explosion that just happened. now we've seen a lot of fire come out from that area. so on. this is another is really read. we don't know what exactly has been targeted, but it has been a very big, it was a very big grade. it was a

inflation nair pressures in the pmis are decrease i think it's easier for the s&p to make all-time highs than lows. >> tom, we'll leave it there, thank you. >> elliott is having trouble seeing softbank's vision amazon wantsto be more like tiktok those stories ahead. "techcheck" is back in just two minutes. - hiring is step one when it comes to our growth. we can't open a new shop or a new location without the right people in place. i couldn't keep up until i found ziprecruiter. ziprecruiter helps us get out there quickly and get us qualified candidates quickly. they sent us applicants that matched what i was looking for. i've hired for every role, entry-level technicians, service advisors, store managers. ziprecruiter helps me find all the right people, even the most difficult jobs to fill. - [announcer] ziprecruiter, rated the number one hiring site. try it for free at ziprecruiter.com millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most rec

tom was in the info on these s w. b like and dish. divest mr. that's enough. we're no longer interested in a union with the russians, so we don't have to abide by the agreements with them. we need to make the alter records non existent, mary truman, her. that the lies need the red army in the far east, where the one and a half 1000000 strong quanto nami is waiting. the us and britain had a hard time retaking several islands from japan and would welcome some help. with a japanese read the most was the idea that the soviets might come into the civil war. truman understood this solid assures that the russians are coming it schedule true in rights. it is. diary, test dollar will be in the jap war by august, 15th finney. japs with that occurs. ah, the invincible cleansing army was able to hold out for just 20 days. ah, the red armies outstanding, manchurian operation ended in complete victory. ah, but even those of new military reasons for it to russia, it's not a saki were bombed the bomb was not actually dropped on japan. it was dropped on the soviet union as a w

team brings to life unique ideas and solutions creates the future today tom zell russian innovations of the new generation. it 'sinteresting to see where it all starts. now you will see the producers of good things. but it's best to check. interesting we are leaving, i hate you in the summer will be exciting. well, happier. i had a lover someone started throwing red roses on the windshield of my fiancé's car, victor is my ex-husband. enough paul my friend. summer will be an exciting prayer. you know, let's get shot and rare chemicals. summer will not be boring movies series documentaries cartoons no, nothing is impossible. the authorities of nova kakhovka report a strong explosion near the sokol plant. this is the most densely populated area of ​​​​the city . it is known that after a missile attack, the apu is disabled. one of the turbines of the kakhovskaya hydroelectric power station was forced by shell fragments, damaged the oil storage and there was a threat of fire. in addition, the station lost.

tom . we'll see exactly how many hatsi she canll move with .s but her emails out there in. the economy. tom fitton, thanks so much.thuc it's always great toh, hear from you. ou >>, thank you, will . all right. shocking new details emerging about the fbi's raid on donaldai trump. it turnsls out the person who signed off on the raidff is linked to jeffrey epstein. i'm serious. who obviously didn't kill himself. i'm serious. that's straight ahead. did i'm serious. that not one the and savitar's donated blood over the past 40 years, more than 10,000 animals have been killed in very strange ways. the mammary glands, the whole grain was gone before, like just mystery to overwhelm law enforcement. there's no evidence to point to one thing or another to go replicate that and not leave evidence. i don't think that would be possible. people see helicopters. it could be that theological weapons testing, lots of speculation, aliens coming in and taking our animals the greatest unsolved crimes we took of the case ourselves. tucker carlson originals cattle mutilations screaming august 11 only on fox n

we love you, you're always the part of the political family but i can't worry about george tom conley streets s. but he was being the president. he mentioned george probably three times specifically and frankly when you pull the president about george that was also very sparing. george has sent over 100,000 tweets and counting. i think when president trump left the white house it was about 20 or 30,000. it certainlywasn't 100,000 and he's still at it and this is a free country and george can to but there's a cost to spending your time a certain way . i choose not to spend my time that way. i don't want to regret living so much of my life online. now let alone with these four skids, let alone later but it's a hell of a way. >> i'll always love george but. >> it's a hell of a way to try to get your wife to leave her job. >> you think he did it to get attention to get you home. >> he got attention but people should not confuse popularity or fame with infamy. george changed his mind about donald trump, he didn't change his mind about me and i wasn't really ready for it and i write in the book about

i think the two's versus 10's gets there without too much difficulty. tom gartman from the university of akron endowment fund. i'm glad dennis brings that up. that is the salient call of the week. we heard people extend out from priya misra's -40 basis points. lisa: how much of the move is because of the decline in oil prices? tom: ok, i will go with that. we have to work on the weekend. we have to put together the bramo gloomcast. stay with us. paul sankey will join us on oil soon. good morning. ♪ millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $450 off any new purchase of an eligible samsung device with xfinity mobile. or add a line to your plan today at xfinitymobile.com this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes.