what is it when the swiss national bank such a bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open house it's nationalizing those assets that's where it can come in islam that's nationalism that's why this is a joke global economy is shrinking because the social banks amount to what danny blanchflower flowers says they're not operating in ways to stop free markets. but you go you can you know we're going to tell you it's none of us i know but bring in one million people and i'm guy. killed people even dangerous. now you know one state income to wait a few pennies randomly and that's. civilians flee u.s. led coalition airstrikes and i saw militants in the.

mention on the central bank front of course in the past week it's emerged that i think it was the swiss national bank has paid a billion dollars in interest on negative interest the swiss banks have so on these negative interest rates after swiss national bank there's no deterrent yet they get rewarded for criminal behavior if i were to shoot somebody in the head right now a choreographer span i should get one hundred thousand dollar bonus so none of it makes sense the swiss banks themselves this large they pull out these little bits of that yours to all destroy us troops let's go back to alan greenspan because he doesn't mention. asset prices including the stock market those will collapse the first he says those aren't in a bubble now based on what the fed rates are so right back left calm down for a second and let stacey speak for one moment so here's the quote the real problem is that when the bond market bubble collapses long term interest rates will rise greenspan said we are moving into a different phase of the economy to a stagflation not seen since the one nine hundred seventy s. that is not

what is it when the swiss national bank such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank the polish bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open house it's nationalizing those assets that's where it can communism that's nationalism that's why this is good global economy is shrinking because these social banks amount to what danny blanchflower flowers says they're not operating in ways to stoke free markets. global war hawks sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battle for food still. produce talk spread a tell you that what we gossip a couple of bush. a little more use today. off of advertising telling you on the cool enough and let's go buy their product please. fix all the hawks that we along with our audience will watch the league. all. the two thousand and eig

what is it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank the polling bureau that is fixing the price of money it's not a free money market for money and combined with purchases of open assets and that's moscow's assets that's pretty good communism that's nationalism that's why this joke global economy is shrinking because the social beliefs about what danny blanchflower power says they're not operating in ways to free markets. greetings and salutations the average salary of all us human beings from having those small blue planets that somewhere around seventeen to twenty thousand dollars a year or to the international labor organization here in the united states your average salary sits around forty four thousand dollars a year in other words most people aren't living large these days which makes it a tad disconcerting when we see millions upon millions of dollars be

send us an e-mail what is it when the swiss national bank to such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization of socialism and combined with the central bank the polling bureau that is fixing the price of money it's not a free market for money and combined with purchase of open house it's nationalizing those assets that's called me an ism that's nationalism that's why this is a global economy is shrinking because these social banks amount to what danny blanchflower power says they're not operating in ways to stoke free markets. all. oh and welcome to all the part of the trumpet in this situation may be unconventional in many ways but like most its recent predecessors it also wants to try it sound at mediating palestinian conflict the u.s. delegation allowed by the president's advisor and son in law. is expected in the region this week the stops in a number of arab capitals including cairo is the current us administration. to take on the challenge l

the fed unwinding and the european central bank, the swiss national bank, bank of england. this is all following what is considerably -- the greatest monetary policy ever. that is what the market anticipates. the fed and the ecb you to be careful with how they lay out their plan for the coming year. i don't think they will give us too much information to let us know exactly what is going to be happening. i believe the market is under mr. and the -- underestimating. the risk of adverse outcome vonnie: where do you see potential for access turning to something more critical? easing hasitative a press volatility significantly. the ramifications will likely have these unintended consequences. there is numerous trigger points. we have jackson hole, the fed in september, the ecb at the end of october. markets are very complacent. that reigns supreme. carry trades and risk assets can be vulnerable. it does not mean they are going to be vulnerable, but the fed needs to be very careful. like your previous speaker talking about the future rate hike, i don't think the market care see

what is it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with purchases of open houses and nationalizing those assets that's pretty good communism that's nationalism that's why this isn't just global economy is shrinking because the social banks amount to what danny blanchflower power says they're not operating in ways to stow free markets. and book a queer little place called the gay police a key to keep. the us there. was a lot to. get in we were going to commit there were feared and i think. the last one for the whole saga of such was when did one of the joyful for the what he said i feel we should i should think almost as you pull thank you for such. a big gun. hoover faces accusations of stealing trade secrets that duped government regulators along with numerou

what is it when the swiss national bank such a bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open house it's nationalizing those assets that's where it can call me an ism that's nationalism that's why this job global economy is shrinking because these social banks amount to what danny blanchflower flour says they're not operating in ways to stop free markets. but you go shoot where you can you know where you don't order you know notice i noticed good morning and one million people die and i. killed people the beast even danger you. know no one's income to lay a few pennies around in that and that's. all children of sick be stranded here without say there is no fresh water and as civilians flee u.s. led coalition air strikes and iceland. it seems to me iraq is the zia telefon human

what is it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank the polish bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open house it's nationalizing those assets that's a pretty good communism that's nationalism that's why this is just global economy is shrinking because the social breakdown of what danny blanchflower flowers says they're not operating in ways to free markets. and head of germany's general election both it's one of the cube rivals from the social democrats happy with the country's closest allies going to buckle has his out at the american policy wal-mart and schultz promised to remove u.s. nuclear weapons from germany if he becomes chancellor with more on the deepening rift with washington who. for years it seemed that you could safely assume germany and the u.s. would be best friends for

was it one the swiss national bank the sun and other such governments are now the biggest owners of stocks when japan is the biggest of exchange traded funds that's called nationalization that's socialism combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open houses in nationalizing those. calling islam that's nationalism that's why this global economy is shrinking because these social banks amount to what danny blanchflower to our says they're not operating in ways to free markets.

was it when the swiss national bank the central bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank the politburo that is fixing the price of money it's not a free mug market for money and combined with the purchase of open assets nationalizing those assets that's pretty good communism that's nationalism that's why this is a joke global economy is shrinking because these social banks amount to what danny blanchflower flour says they're not operating in ways to stop free markets. well you go see it when you can you know what it's really none of us i noticed but mary ann one million people died and i. killed people even babies. now you know once to come to a everybody's round and that and that's. the two thousand and eight economic crisis turn some countries into pigs these are the countries with weaker economies that needed austerity policies if you are in a situation of flow gloat even the recession austerity

was it when the swiss national bank. and other such governments are now the biggest owners of stocks when japan is the biggest of exchange traded funds that's called nationalization socialism combined with the central bank the polish bureau that is fixing the price of money. market for money and combine with the purchase of. that's nationalism that's why this global economy is shrinking because the social breakdown of what our. there not operating in ways. free markets. about your sudden passing i've only just learned you worry yourself and taken your last wrong turn. your at the top to you as we all knew it would i tell you i'm sorry but only i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feeling started to change you talked about war like it was again still some are fond of you those that didn't like to question our ark and i secretly promised to never be like it said one does not leave a fune

what is it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank the politburo that is fixing the price of money it's not a free money market for money and combined with the purchase of open houses nationalizing those assets that's pretty good communism that's nationalism that's why this is a joke global economy is shrinking because the social breakdown of what danny blanchflower our says they're not operating in ways to free markets. the sort of situation of those. concerns on the part of the four arab countries egypt so. eurabia emirates. as relates to policies of cut up about to have to be addressed to have had a very adverse impact on our national security and the case of material evidence exists in the face of policies that have adversely impacted has created and has caused a loss of life in egypt this is an intolerable situation. here's what people have been saying abo

fatalities and delays aplenty so this idea of nationalization gets a bad rap but what is it when the swiss national bank is such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest owner of exchange traded funds that's called nationalization that's socialism and combined with the central bank the polak bureau that is fixing the price of money it's not a free money.

was it when the swiss national bank the central bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank the polish bureau that is fixing the price of money it's not a free mug market for money and combined with the purchase of open houses and nationalizing those assets that's pretty good communism that's nationalism that's why this is a joke global economy is shrinking because the social banks amount to what danny blanchflower to our says they're not operating in ways to free markets. what politicians do. they put themselves on the line to get accepted or rejected. so when you want to be president and. want to. have to go right to be precise this is what before three of them or can't be good. i'm interested always in the water as it. should.

what was it one the swiss national bank such a bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free mug market for money they combine with the purchase of open houses and nationalizing those assets that's pretty good communism that's nationalism that's why this job global economy is shrinking because these social banks amount to what danny blanchflower flowers says they're not operating in ways to free markets. seemed wrong but old rules just don't hold. me if you get to shape out these days comes to educate and in the game equals betrayal. when so many find themselves worlds apart we choose to look for common ground. hello and welcome to crossfire where all things are considered i'm teetotal of like a bad cold you can't shake the neo-cons are back and they're back with a vengeance long associated with the extremist wing of the g.o.p. and tied

was it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank the politburo that is fixing the price of money it's not a free money market for money and combined with the purchase of open assets nationalizing those assets that's pretty good communism that's nationalism that's why this job global economy is shrinking because the social banks amount to what danny blanchflower flour says they're not operating in ways to free markets. just manufacture them sentenced to the public will. when the ruling classes protect themselves. with the flaming. lips and be the one percent. we can all middle of the room sick. room for the real need. greetings and so you taishan sixteen years drawn and it appears that the united states military adventure in afghanistan will still be going strong under president donald j. trump despite despite his numerous campaign trail statements to the cont

was it was in the swiss national bank to such a bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank the pull of the bureau that is fixing the price of money it's not a free mug market for money and combined with the purchase of open house it's nationalizing those assets that's correct and told me it isn't that's nationalism that's why this is a joke global economy is shrinking because these social banks amount to what danny blanchflower flour says they're not operating in ways to stoke free markets. what holds its institutions are going to. put themselves on the line. to get accepted or rejected. so when you want to be president and three more somehow want to be rich. but you'd like to be for us that's what before three in the morning can't be good that. i'm interested always in the waters about all. this should. think you're new to the game this is how it works not the economy is built around corporations co

so i mean this is one of the biggest mirages of history that we've seen i mean look at the swiss national bank and their holdings in the u.s. equity market so there's got to be a reason behind that i mean the swiss national bank is one of the biggest holders of apple they have half a half a million shares of tesla the european central bank now as the german i cor has asked the e.u. court to review their. quantitative easing program because it's monetary financing which is against the law which is what's happening in central banks are picking winners and losers and influencing the trading in stocks stocks of because detached from economic reality i mean the past two days we've seen a three hundred point move down or volatility is still relatively low we traded below nine nine and in the vix index which we've spoken about many times you know three hundred point move is not a lot because we're still historically near record highs because central banks are coming in purchasing equities i think you know the whole quantitative easing the federal reserve policy the european central bank the bank of j

what is it when the swiss national bank the central bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open house it's nationalizing those assets that's pretty good communism that's nationalism that's why this is a joke global economy is shrinking because the social banks amount to what danny blanchflower power says they're not operating in ways to stow free markets. and book a queer little place called the gay police a key to keep. going to commit their we're going to write the bad guy. the last one called in bold blood with such force and you don't want to dodge michael for what he said i feel we should i should think almost as you pulled me through force of what he. was. here's what people have been saying about rejected in the senate is full on awesome the only show i go out of my way t

was it when the swiss national bank the such and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism combined with the central bank the politburo that is fixing the price of money it's not a free money market for money it combined with purchases of open. pretty good cold meat is all that's nationalism why this is just global economy is shrinking because the social breaks from our work any blanchflower our says they're not operating in ways. free markets. hello welcome back starting with one of our headline stories now pakistan has had donald trump's claim that he supports terrorists he unveiled a new strategy for afghanistan is all about responded that the country is being singled out as a state goes and we're going to discuss this further now with all guests retired pakistani army general and defense analyst i'm judge show up i welcome to the program sir it's good to have you with us so this is the first time the u.s. has accused islam about of suppor

technical analysis is worthless because you have the poll of bureau of the central bank and swiss national bank owns eighty billion dollars worth of stocks. so that's no longer free market capitalism this is a centrally planned attack a stock receive rule by the least qualified and central bankers well that's where we started off the previous episode these two kind of go together the narcissism started with the central banks only fifteen chilean dollars of their own belly but it's ok well we got to go for this bit but what we back after the break don't go away. but you go should we could you let your daughter use easy to notice i noticed but bring in one million people that. he killed people. even date you. know no one's going to in the. and that's. really believe it. please. please. give us a post some of those i. just posted. last time we chased. each one a little carrying twenty kilos of drugs this is a first offense. blues that they just employ for. instance the main thing. they have insisted this is for me. even if. i don't know maybe you don't know me. i was. around one. welcome back to t

technical analysis is worthless because you have the pole of bureau of the central bank and swiss national bank owns eighty billion dollars worth of stocks. so that's no longer free market capitalism this is a centrally planned cut the stock receive rule by the least qualified and central bankers so that's where we started off the previous episode these two kind of go together the narcissism started with the central banks only fifteen chilean dollars of their own belly button and it's ok well we got to go for this bit but will be back after the break djoko a. we're continuing to do you know melissa i know some of the plane and one million people died died. killed people even. now no one still include tooling a few that is random and that's. needless but it was supposed to some of us it was a. little. before. last time we chased. each one of them carrying twenty kilos of drugs. first offense. they just stepped. it's the mean pay the money. they have. this is for me. i don't see a porno they don't. make or. break. for . now well. welcome back to the kaiser report i'm asked geysers i'm gonna turn

what is it when the swiss national bank such a bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free market market for money and combined with purchases of open assets and nationalizing those assets that's correct and communism that's nationalism that's why this is just blow the economy is shrinking because the social banks amount to what danny blanchflower flour says they're not operating in ways to stow free more . coming up on our team america the u.s. and south korea continue military drills in the pacific despite warnings from pyongyang. charlottesville both to cover confederate statues in wake of last week's deadly protests and when social media platforms are on the rise and which ones are falling and they depend on how old you are all that and more coming right up. that afternoon it's wednesday august twenty third four pm.

so this idea of nationalization gets a bit rough but what is it when the swiss national bank is such a bunk and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest owner of exchange traded funds that's called nationalization that's socialism and combined with the central bank the pole of bureau that is fixing the price of money it's not a free money market for money and combined with the purchase of open assets in that in those assets that's frickin communism that's nationalism that's why this is good global economy is shrinking because the social breaks about what danny blanchflower flower says they're not operating in ways to stoke free markets they're acting as agents of socialism ok socialism communism fascism capitalism that's a whole other there's books and libraries about the debate about those we're talking about the narcissism here and that narcissistic spiral is getting worse as the empire collapse but here we have the central banks buying their own debt the narcissism comes in when their financial media that a roll of

technical analysis is worthless because you have the pull of bureau of the central bank and swiss national bank owns eighty billion dollars worth of stocks. so that's no longer free market capitalism this is a centrally planned attack a stock racine ruled by the least qualified and central bankers so that's where we started off the previous episode these two kind of go together the narcissism started with the central banks only fifteen chilean dollars of their own belly button oh ok well we gotta go for this bit but will be back after the break don't go away. we're going to war zone you on the idea that dropping bombs brings to the chicken or forcing you to fight the battle they're going. to do soft approach so you can be gossip to the public but. the market advertising tells me you are not cool enough to buy their product. or the whole. order will want. welcome to a low they are already on right or whatever that one employee. you can you let them go to use easy answers no listen nobody knows where you and one million people that guy. killed people babysit even babies. now no one's going to wai

technical analysis is worthless because you have the pull of bureau of the central bank and swiss national bank owns eighty billion dollars worth of stocks. so that's no longer free market capitalism this is a centrally planned cut the stock receive rule by the least qualified and central bankers well that's where we started off the previous episode these two kind of go together the narcissism started with the central banks only fifteen chilean dollars of their own. a well we gotta go for this bit but will be back after the break. a. horndog minos only between but. did to the relationship between kids sure it was approved suggested no proof and a fairly strong one there were two thousand breakouts involved in the study it's a very extensive study done by a well respected scientist. do chemicals that down the advertising. really increase the risk of cancer and i chose a means of known to use damage in the launch of tests. is it a sham that skepticism they do not believe that that risk is his truth by independent scientists so did the meat industry pinch you for this i received some compensation

technical analysis is worthless because you have the pole of bureau of the central bank and swiss national bank owns eighty billion dollars worth of stocks. so that's no longer free market capitalism this is a centrally planned attack the stock receive rule by the least qualified and central bankers well that's where we started off the previous episode these two kind of go together the narcissism started with the central banks only fifteen chilean dollars of their own belly button let us say well we gotta go for this bit but what we back after the break don't go away. but you go should we could you let your daughter use easy to notice i notice but bring in one million people died. you killed people. even dated you. now no one stepped in to in the. that he's running and that's a. welcome to our already not really right. one employee. welcome back to the kaiser report imus kaiser's i'm not absurd to wolf rector in san francisco he's over it wolf street dot com wolf welcome back thank you for having me max i will fracture a recent headline of bluebirds reads the new world order is leaving the u.s.

the swiss national bank.ecycling the dollars it has been forced to buy when defending the swiss franc from depreciation. owns $83 billion worth of nasdaq security. weeks, the swiss franc has weakened to a two year low. and maybe they will find themselves owning the baby when the bath water has gone out. it is an interesting dynamic on my call to say watch out on the nasdaq. vonnie: are you convinced enough to short some members of the nasdaq? a tough thing that many members have lost out on, shorting, trying to pick iss and reduce allocations one thing but trying to short securities is another. i would not short. that is too dangerous. vulnerable to read raising 250-times earnings? cap?e $5 billion market i think that it is. >> netflix is making its first acquisition ever. vonnie: live from bloomberg world headquarters in new york i am vonnie quinn. mark barton -- mark: i am mark barton from london. time to look at some of the biggest business stories in the news right now. netflix is climbing on the superher

was when the swiss national bank subtle but then other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism combined with the central bank the poland. euro that is fixing the price of money it's not a free money market for money and combined with purchase of open house it's nationalizing those assets that's right and communism that's nationalism that's why this job global economy is shrinking because the social banks amount to what danny blanchflower to our says they're not operating in ways to free markets. but you. notice i noted marie and one million people and i'm. killed people even. now no one state income to lay a few pennies random in that and that's. the two thousand and eight economic crisis turn some countries into pigs these are the countries with weaker economies that needed austerity policies if you are in a situation of flow gloats even the recession osteria these a very bad idea it doesn't work and it makes millions of people very unhappy thos

what is it when the swiss national bank is such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free money market for money and combined with purchases of open assets and nationalizing those assets that's pretty good calling it is all that's nationalism that's why this is just blow the economy is shrinking because the social breakdown of what danny blanchflower to our says they're not operating in ways to free markets. the two thousand and eight economic crisis turns some countries into paid. these are the countries with weaker economies that needed austerity policies if you are in a situation of flow bloat even the recession oh steadies a very bad idea it doesn't work it makes millions of people very unhappy those who are unemployed see their wages decline the whole most a decade how good are the results. of the. to watch the world get people

what is it one the swiss national bank the subtle bank and other central banks on behalf of governments are now the biggest owners of stocks when japan is the biggest seller of exchange traded funds that's called nationalization that's socialism and combined with the central bank the politburo that is fixing the price of money it's not a free market market for money and combined with purchases of open assets and nationalizing those assets that's breaking communism that's nationalism that's why this isn't just blah blah cut to be a shrinking because the social banks amount to what danny blanchflower flour says they're not operating in ways to free markets. welcome back it's thirteen years since the journalist gary webb was found dead in his california home after multiple gunshots to the head ruled a suicide by a sacramento court controversy over webb's life and death continues his work on connections between u.s. agencies like the cia and crack in american in aziz to destroy left wing political movements in particular remains highly contested but what is less controversial is the impact

what is it when the swiss national bank such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free mug market for money it combined with purchases of open houses and nationalizing those assets that's correct and communism that's nationalism that's why this isn't just global economy is shrinking because the social banks amount of what danny blanchflower to our says they're not operating in ways to stoke free markets. the two thousand and eight economic crisis turn some countries into pigs these are the countries with we can recall them is that needed austerity policies if you are in a situation of flow bloat even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy those who are unemployed see their wages decline almost a decade how good of the results she saw a piece of who by the a.p. out of

what is it when the swiss national bank to such a bank and other such all banks on behalf of governments are now the biggest owners of stocks when japan is the biggest holder of exchange traded funds that's called nationalization that's socialism and combined with the central bank of poland bureau that is fixing the price of money it's not a free market market for money and combined with purchase of open assets and nationalizing those assets that's correct and communism that's nationalism that's why this job global economy is shrinking because the social banks amount of what danny blanchflower to our says they're not operating in ways to stow free markets. here's what people have been saying about rejected in the us a full on author for all of that the only show i go out of my way to once you know what it is that really packs a punch oh yeah it is the john oliver of our three americas do the same we are apparently better than two thousand and ten and see if anybody had ever heard of love redacted tonight was. president of the world bank though they. were many seriously some of. the two t

swiss national day and bring you exhibit a. this is the euros swiss. that is the way to celebrate swiss national day. particularly if you are the swiss national bankck. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. matt: scaramucci ousted after 10 days on the job. the committee kaisha and director departs as john kelly tries to steady the ship. if this dollar positive or dollar negative? bp earnings come in above estimates after analyst have/expectations --/ -- slashed expecations. shares are trading higher. german carmakers are said to be closing in on a deal to provide hardware is for diesel cars that could add up to as much as 5 billion euros. will it be enough for politicians and the public? welcome, i am matt miller in berlin alongside guy johnson at the low left -- at the headquarters in london. let's take a look at how equities are shaping up this morning. we do have an outperformance from the ftse 100. doing pretty well this morning. there are ho

guy: he would have thought the swiss national bank went from laughing to crying this week. let's talk about what we will get in terms of the cpi number. core pcu is certainly something to pay attention to, but we should look at the cpi. .2% thend up with the 0 market is expecting, can we price out the possibility of a december rate hike? or is it too early to do that? >> right, i think the number we are looking at is 1.8%, which would be below the 2% fed inflation target. keep in mind, the fed uses a number of different inflation gauges to monitor inflation. 1.8%, of course, is less than 2%. even if it is 2%, there are still several other inflation gauges that are below that target. we have conflict going on right now. the fed signaled it will raise rates once more this year. traders in the market are betting that it won't. there is this conflict that has been set up. it really looks like the inflation gauges are not coming up to target, that the fed might have to revise the projection for another rate hike this year. matt: wes, i'm looking at a chart of the u.s. 10 year yi

swiss francs. does it have enough of a market? guest: the third point is that any real currency has a central bank kind it. this was frank is controlled by the swiss nationalh controls the supply. likewise is in the federal reserve like the u.s. dollar. are you comfortable investing in a currency as a medium of value,e, as a sort of where there are computer algorithms controlling the supply? we know the supply and we know where the industries of gold are, but investors need to be comparable with the computer algorithms that control the supply. if you are not, you should be concerned about the speculative volatility. anna: many investors are not comfortable with what central banks have done. guest: then you can get into the debate that is bitcoin due to the fact because investors are less relaxed because of central bank behavior? anna: does somebody need to lend a respectable face to bitcoin? it has to be the domain of hackers and the shady underworld for a long time. the former ceo of morgan stanley has taken an interest in a startup that acts as an agency brokerage between investors that want to be in bitcoin but they don't have the appetite for the legwo

hillary added the swiss national bank. does the fed look at the debt ceiling? >> i think it has to. have a bearing on at least near-term economic performance and some inflation pressures. if you are getting a passport government shutdown, that could have economic applications and it can be disruptive. in the grand scheme of things, and perhaps with regards to quantitative policy, they could be somewhat less concerned. the fed has got three levels on the economy. what they seem to be trying to do is say, look, we already tightened quantitative policy a bit. we had this organic tightening whereby the balance sheet gdp ratio has come down a little bit. we are now going to passive tightening and we want to set that on a particular course over five years. if they do that, the noise around the debt ceiling is probably not such a big deal, but for the interest rate and monetary policies side of things, they could be more important for the timing of the next hike. tom: how far we from normal rates? ulta accommodative to accommodative to normal? >> do you know what normal is? tom: you're the

you see something about the amount of apple computer shares that the swiss national bank owns, do youd this that we will unwind with instability or do we need 2018,pare ourselves for 2019 jump conditions and great instability? steven: i think for the bonds the central banks hold, it is not going to be a problem. and it will take a long time anyway. it could take decades for the stocks and shares. that is a slightly different prospect. in proportion of holdings balance sheets is very low. it should not be so disruptive. i think that when we look at central bank balance sheets, we should not worry about the unwind. what we might need to worry about is if there is somewhere lnerableorld that is vu with excess leverage and whether or not the withdrawal of dollar liquidity could be a problem. i'm not that worried about the balance sheet, tom. francine: steven, let me show you a chart. this is the spread between the u.s. two-year compared to bund. you have euro-dollar in white. what does this tell us? steven: it is a good chart. i look at the 10-year. it shows that the treasury yield has fa

. >> the swiss national bank owns $145 billion of u.s. stocks. stuart: point taken.ill show you three stocks, publicly traded companies. the ceos of those three companies have left the president's manufacturing council. this morning the stocks are up. i expressed the opinion yesterday that the ceos who've left the council are doing a disservice because they put their own personal politics ahead of the interests of their shareholders. does anybody want to take me on this one? liz: i've been repeatedly saying that however i am cognizant of the fact they are done in d.c. without sitting on the councils. look at the company still on here, ge, united technologies, still sitting on the council. maryborough is on another council. she could be under fire for that. >> i think some of these believe their best interest do not lie with the president at this particular point. >> some people have to answer the question expecting change from within or from without. when you go wow, you lose some of that info in that they do it against political reason. liz: not so sure about that.