get up, let's go thank fed his colonel hello bunny, hello listen, well, they already asked somehow withanya to congratulate him sincerely on getting a position. and you girl to me immediately. and this gift in a box and in the store. guys, i wanted to congratulate they are not to blame. well, you see, vacation is the cure. right now, when the money to repair the office, i'm on vacation, when i got the lawn mower from the attic and, please, find out what happened. what do you think now in front of you? my vacation the question of the viewer is what to do traffic police officers armed with striped sticks are here although according to the staffing table they should be in another place. the answer is obvious corruption thirst to earn extra money, so they got what they deserved. jurors travel around the country and now a new orientation has come that there is a possibility that they will come up with us. in vyshnegorsk , for your two half-hours, we break down here, i noticed one secluded nest. it's good here. how do you know we are here, if you are now on the internet, i'm afraid that a car

i want to continue that, too, when we visit with you on fed day. thank you, steve liesman you guys don't think that powell will pull this off your deputy thinks we'll have a deeper recession and the fed will have to cut 100 basis points in one fell swoop >> i think what he was saying was simply observing that and this was david kelly again they take the escalator and bring rates up and take the elevator on bringing rates down. when something happens, all of a sudden there's a radical rethink of the economic situation, and the history has been some pretty aggressive rate cuts when those problems occur and i'm wondering about the housing market, which has baffled everybody. you would have thought with mortgage rates going up by 500 basis points or 450 anyway, you would have thought with the home prices up so much and mortgage rates so much, the housing trend would have weakened as it started to but amazingly they've gone up four months in a row and the drawdown on the average median home price is almost nonexistent again. almost where we were the reason th

thank you fed the bonfires. everything was very tasty, but my voice. thank you present.all margin came out ahead of the sandwich, which also scored a large number of points. thank you very much friends. i want to say that kostroma is a very advanced region in terms of taste and a large respect, generally great fellows. porridge is our food that's the motto of kostroma won. vladislav piskunov it's time to move on. come on with the ship. wow. you've got a signature to go crazy. and i'm on a simple ministerial basis. well, let's go further? and tastes do not argue, but only not in our program the culinary battle continues.

i see you have already fed. thank you what are you like what happened mom? vera i wanted you.general. andrei in our house burned down. what no.

good morning on thank you to wa. the fed announced a basepoint interest rate last week. what does that mean for mortgage rates in particular? guest: let's look at mortgage rates from what happened 12 months ago to today. date happened close to 3% and today it is near 7%. this is due to the most aggressive interest rate hike policy from the fed since the early 1980's. another late increase, i would disagree with the assessment just because inflation is coming down and there's more indication it will come down forward and there is lack impact of monetary policy and as the economy appears to be rolling along, you don't want to put into recession. the latest entries, -- increase, the mortgage market price that in. what is the direction of the future? any further increases, it will push mortgage rates either -- higher. host: what is causing the ongoing demand for new housing in the u.s.? guest: the interesting dynamics is that home sales are down 20% from one year ago but this is dominating -- dominant -- predominantly existing home sales that is down. they are back to pre-co

companies mentioned artificial intelligence a number of times back over to you >> dom, thanks >>> less than an hour until the fed'sision steve liesman has more emily row manland also joins us with mark zandi. steve, we kick it off with you set the scene for us >> thanks, melissa with. a quarter point hike expected, it will be on the guidance that will come in the press conference and whether the statement gives the dovish guidance from may or the hawkish guidance from june in may, the statement said, in determining the extent to which additional policy firming may be appropriate. that signals it was not decided on whether to hike and set up a pause. then in june, most recent statement it read, in determining the extent of additional policy firming that may be appropriate so the fed pretty much decided to hike, just not sure how much or when. steven stanley believes the fed is in the mode of hiking every other meeting. he wrote -- >> the market has its options open only a 20% rate hike in september. and then in that every other meeting mode, the fed gets back the hiking in november that's el katevated in recent d.

thank you. bon appetit. fed up is not enough. i'm going to do some business, okay, i'm off.uck have a good evening. i didn't expect this kind of performance, you know, if i could just take a look, i'm very curious. maybe the four of us go somewhere, how's the idea? ask your favorite about this photo. i told you, it all happened suddenly. i didn't mean it's dinner. i only asked for approval. if everyone has a free day, then the four of us will go somewhere to eat. there were no opportunities. forget it, let's go somehow. maybe we can go somewhere where we can listen. give me give back sure. listen, i can bet on a silent month, how ridiculous. come on what happened is a very close friend they have a difficult relationship, and he is trying to fix it. cool, wake up, strange day. today is the third murder we have a maniac. cool. what we are going to do next is not related to our work, so i will no longer send you today at 20:00. and it also has 10 times more vegetables in my book. open marriage is the only what? the open brother contributes, see only in the online cinema okko pr

so the world they claim to want to feed is actually getting fed thanks to russia, but in reality, all of that is just a big concern troll. a big act that obscures their real priorities at agenda as rushes and bass are to be 9 nations. as said, the generosity of wisdom donors in relation to the prices and ukraine, which they themselves instigated is the place it is when it comes to syria. yep. and an african countries are western colleagues either have no money or allocated very reluctantly. and in small portions on ukraine alone, the us and it's satellites have already spent as much on weapons as the un office for coordination of humanitarian affairs has requested in 20 to the sweets to provide humanitarian aid. to all those in need around the world about $55000000000.00. you get a feel for wisdom priorities. those western priorities, the mainly focused on preventing relationships between russia and his partners. but you think said, realizing that doesn't even work in fairytales as muslims around the world have instead of writing their annual holidays, israel to supreme court has orde

so the world they claim to want to feed is actually getting fed thanks to russia, but in reality, all of that is just a big concern troll. a big act that obscures their real priorities at agenda as rushes and bass are to be 9 nations. as said, the generosity of western donors in relation to the prices and ukraine, which they themselves instigated is the place it is when it comes to syria. yep. and an african countries are western colleagues either have no money or allocated very reluctantly. and in small portions on ukraine alone, the us and it's satellites have already spent as much on weapons as the un office for coordination of humanitarian affairs has requested in 20 to the suite to provide humanitarian aid to all those in need around the world about $55000000000.00, you get a feel for wisdom priorities. those western priorities, the mainly focused on preventing relationships between russia and his partners. but you think they'd realize that that doesn't even work in fairytales, environmental, i to best go to some book, sends a clear message to the world this week, claiming russia

moving on pricing and saying there's weakness in the consumer this quarter. >> kate rodgers, thanks. >>> the fedt stopping the markets as the dow tries to notch what would be the longest win streak since 1897. >> dom said that yesterday and i was shocked. >> 1897. even jim cramer doesn't remember that far back. former atlanta fed president dennis lkht ocarjoins us to break things down. we're back in 2. is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> welcome back to "squawk on the street." members of the federal grand jury hearing evidence and testimony into the january 6th riot at the capitol and efforts to overturn the 2020 election convened this morning at a d.c. courthouse three sources in trump's inner circl

so the world they claim to want to feed is actually getting fed thanks to russia, but in reality, all of that is just a big concern troll. a big act that obscures their real priorities at agenda as rushes and bass are to be 9 nations. as said, the generosity of wisdom donors in relation to the prizes in ukraine, which they themselves instigated is the place it is when it comes to syria. yep. and an african countries are western colleagues, either have no money or allocated very reluctantly, and in small portions on ukraine alone, the us and itself have already spent as much on weapons as the un office for coordination of humanitarian affairs has requested in 20 to this week. to provide humanitarian aid to all those in need around the world about $55000000000.00. you get a feel for wisdom priorities. those western priorities, the mainly focused on preventing relationships between russia and his partners. but you think they'd realize that that doesn't even work in fairytales, environmental activist gets us on back, sends a clear message to the world this week, claiming bushes did segmen

fed to focus on that as the issue of their minutes from the meeting. jon: on the subject of the banking sector, there were those who said did we not see thanking turmoil r the fed might have an further along in the rate hike path. bearing the question, what is that health of the system right now especially if we are going to see more rate hikes ahead? alexandra: i think in general the fed continues to beat the drum across the board that the system is safe, sound, resilient as a whole. in night of the l years the saw beginning in march. it weighs on the top of the minds of bank regulators, including the fed. what we may see is an increased focus on credit tightening in light of rising interest rates and failures that we saw. one positive note we saw in the minutes from the may meeting is that it appears deposit out flows have largely stopped and were very limited to a certain number of banks. on the positive side, it seems like out lows are under control. but bank regulators are always going the monitoring or potential future stresses in the banking sector so we will be watching that mostly area -- closely. matt: are they going to have sharper teeth? th

so the world they claim to want to feed is actually getting fed thanks to russia, but in reality, all of that is just a big concern troll a big act that obscures their real priorities and agenda as rushes and bass are to be 9 nations. as said, the generosity of wisdom donors in relation to the prizes in ukraine, which they themselves instigated is the place it is when it comes to syria. yep. and an african countries are western colleagues either have no money or allocated very reluctantly. and in small portions on ukraine alone, the us and itself have already spent as much on weapons as the un office for coordination of humanitarian affairs has requested in 20 to the suite to provide humanitarian aid to all those in need around the world about $55000000000.00, you get a feel for wisdom priorities. those western priorities, the mainly focused on preventing relationships between russia and his partners. but you think they'd realize that that doesn't even work in fairytales, environmental arts of escripts or phone books sends a clear message to the world this week claim in russia is dete

thank you, mr. chairman. jeff cox from cnbc.com. you and other fed officials in the past have suggested that you don't need to keep hiking until inflation hits 2%, that as long as you see continued progress. so i'm wondering how close do you immediate to get with the inflation numbers -- need to get with the inflation numbers coming down, how many months of data do you need to see that will give you sufficient confidence and, you know, how far does this fight need to go before you're willing to kind of declare victory on it? >> so the idea that we would keep hiking until inflation gets to 2%, it would be a prescription of going way past the target. that's clearly not the appropriate way toking think about the it. in effect, if you look at our forecasts, the median participant -- and, again, these are forecasting out years, so taken with a grain of salt, but people are cutting rates next year because, you know, the federal funds rate is at a restrictive level now. so if we see inflation coming down credibly, sustainably, that we don't need to be at a

fed day. dani: mike, thank you for joining us. coming up, we turn to tech. nn will be joining the team. she will be on ahead of the fed decision. a lot on the agenda. is it july and goodbye? this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. 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 meta

. >> thanks, frank good morning. >> we have a fed decision. a very busy earnings season. how do you see both of those shaping this week for the markets? >> yeah. i mean, i think you set it up really nicely. this is pretty much the biggest week of the month and biggest week of the quarter as we come into it. the fed is most likely going to hike and most likely done. i think the hike is probably the least important part of that than the being done part it's potentially very important. it signals we have rates that combined with what we're going to get in earnings this week especially from as you mentioned the cap names, if we have seen the peak in rates, we have to continue strong earnings out of the megacap tech names, that could provide us the next play. >> scott, you said we're done with so much certainty the fed officials saying there's going to be one more hike. not definite it will be in july. why are you so confident this will be the last hike? is that what's powering this rally, the idea that the fed is done >> yeah. that is definitely a big part of it, frank. we ca

fed. less than two hours away to steve liesman with more on what to expect i know you have a busy day ahead, steve thank you for being here >> reporter: the fed expected to resume rate hikes after a one meeting pause bringing the overall rate up. we await guidance from the committee and the fed whether this could be, hey, the last hike, or is there more yet to come the market trading within 97% probability that they will hike. 19% chance of a hike in september and 41% they get back to hiking again in november. it's like a hike, pause, hike idea out there that 41% is elevated as market is taking the second hike more seriously now what are the things we will be listening for? does the chairman say the risks are balanced between recession and inflation? are rates sufficiently restrictive? are they concerned about bank credit tightening? is there a dissent in terms of significant economic developments you can see the unemployment rate is down a tenth to 3.6 payrolls have come down. cpi is the big change, one percentage point lower than the last meeting the first half estimate there, the cnbc fed survey alon

if you are wondering about why, they say aggressive behavior could be hormonal or being fed by humans. >>> thankor watching. the news continues streaming on cbs news bay area. see you back here at 11:00 whwhen migrainine strikes,, you're faceded with a chchoic. ridede it out wiwith the tradeoffs s of treatating? or p push througugh e papain and symympto? withth ubrelvy,, there's another r option.. one dosese worksks fast to eliminanate migrainine pai. treaeat it anytitime, anywhee without worrying where you are or i if it's s too late.. do notot take withth strong cyp3a4a4 inhibitorors. allelergic reactctions to ubrelvy y can happenen. mostst common n side effeces werere nausea anand sleepinen. migrgraine pain n relief starts w with u. ask ababout ubrelvlvy. learn how w abbvie could helplp you save.e. announcer: it's time to play "family feud"! give it up for steve harvey! [cheering and applause] steve: come on. you got it. welcome to the show, folks. welcome to the show. how y'all doing? i appreciate that.

the final drop of the penny before that rate decision by the fed. thank you so much for joining us on "street signs." i'm arabile gumede sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >>> it's 5:00 a.m. cnbc headquarters and here are your "five@5. they're more caution on the recent rally today it's all about inflation with the june cpi report due out in just over three hours from now. why one index is getting some outside attention ahead of that report. >>> and microft clears a major antitrust hurdle in its pursuit of activision, the tech gian

fed is raising rates. david: --kailey: knock on wood. thank you so much for joining us. chenal he will have an interview with morgan stanley chairman and steam meal -- and ceo james gorman. don't miss our next conversation. we will have more on our question on the day, what is mainstreet telling wall street. we will have more with lisa erickson, next. this is bloomberg. ♪ 5-hour energy. think of it as 5-second coffee. for when you wake up too late to make it. or you don't have time to wait in line for it. or you're just too busy for a coffee break. 5-hour energy. the 5-second coffee. sonali: --kailey: morgan stanley up five point 9% and bank of america of four resell -- bank of america up 4%. let's bring it back to the question of the day, what is mainstreet telling wall street? we are joined now by lisa erickson, head of the public markets group. we pair the results we have gotten from these two large banks with the fact that retail results, the control group blue past expectations. what do you see and how is that affecting your outlook? lisa: to your point, when you as

jim wilcox, thank you so much for joining us this morning as we are waiting word from the fed. k you again. thank you. of course, coming up here on mornings, on to the nine, just got word into our newsroom that hunter biden's plea deal on tax charges has fallen apart. what a judge said about the terms of the agreement involving the son of president biden. also it's not often lawmakers gathered to discuss ufos, but that's what's happening today in washington. what a house panel is examining and what military pilots are expected to say about mysterious flying objects shows hunter biden arriving in court this morning. hunter biden agreed to plead guilty to tax and gun charges. prosecutors recommended two years probation. but the judge did not agree with the plea agreement on the gun possession charge said she was concerned about the language in the agreement and suggested the lawyers get back together and continue their discussions. well, new this morning, a house panel is holding a hearing to explore whether or not the government is trying to cover up the existence of ufos. one wi

. >> danah griffin, thank you very much. >>> up next, the feds opening an investigation into the makers" on msnbc. r. [blowing] [dice roll] ♪ playing games! [party chatter] dancin in the par—! my name is tonya, i am 42. as mother of nine kids, i think i waited this long to get botox® cosmetic because i take like no time for myself. my kids are sports kids. we're always running from one activity to another. i'm still tonya, and i got botox® cosmetic, and this is like the first thing i've done for me in a really, really long time. my life is still crazy, it's just as full as it was before. just with less lines. botox® cosmetic is fda approved to temporarily make frown lines, crow's feet, and forehead lines look better. the effects of botox® cosmetic may spread hours to weeks after injection causing serious symptoms. alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness may be a sign of a life-threatening condition. do not receive botox® cosmetic if you have a skin infection. side effects may include allergic reactions, injection sit

neil: thank you for your service, atlanta fed president and ceo. more after this.♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones after advil. feeling better? on top of the worlddddd!!! before advil. advil targets pain at the source of inflammation. when pain comes for you, come back fast with advil liqui-gels. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >> barbie deal sales were falling at the end last quarter, kind of weird because ballhype ahead of the barbie movie coming get. there wasn't a lot of the pent-up excitement we've had since the movie, number one movie in america, stronger start to a movie this year. maybe that will change

thank you so much. it's not just earnings we have to wrap head around. it is the fed.nsus is that they will, indeed hike today. the markets don't believe they will hike after today. and that is our question of the day. is this july and goodbye? let's bring in katrina dudley. katrina, what say you? is it one and done, july and goodbye? >> i think there's a consensus expectation that we have 25 basis points when they announce at 2:00 p.m. today, so that is really not going to be new news. we are paying attention to 2:30, whether or not he continues to be hawkish in the inflation data, but the message we keep seeing, the fed is that we are data-dependent. talk about it as july and goodbye. we have jackson hole at the end of august and i think it is going to be a really interesting jackson hole this year. >> so realistically it is not a two month gap between this decision and the next time we are going to get something big out of the fed. could very well just be one month. i guess it is a question of how the data is going to trend over both of those time horizons. this poi

thank god bless you. the fed from team is going to have a south carolina carolina, sent it to a republican show down as well under way in iowa. republican hopefuls for the nomination of the presidential candidates for the election next year. speaking one after another setting up as sold, setting out the policy visions for the future of the united states before tim scott, we had former on desantis who's currently running 2nd place. well, behind donald trump, though his family in the leads with about $52.00 and a half percent of supports amongst the republicans. i am very john donald trump, though yet to speak. what many of the hopefuls of not doing that it was mentioning donald trump, who is being family of the news recently because of all the accusations that are being surrounding him. so fall apache call hain is standing by in des moines, iowa. i'm patsy. do you think that's a defense has missed a trick? here he didn't seem to be in any way willing able to criticize a donald trump, who's clearly well ahead in th

fed! simon, thank you very much indeed and take care. let's get some of the day's other news now.ed and 15 wounded in russian air strikes on the port city of odesa in ukraine. that's according to the governor of the region. odesa has been bombed multiple times since the start of the invasion and has been attacked repeatedly since moscow pulled out of a grain export deal last week. in mexico, 11 people have died after a suspected arson attack on a bar near the us border. authorities say a drunk, young man threw a molotov cocktail at the bar in the northern state of sonora after being thrown out for harassing women. around 1,000 penguins have washed up dead on the coast of uruguay in the past 10 days. officials say the juveniles died in the atlantic ocean and that the cause remains a mystery. environmental groups have blamed a rise in penguin deaths on illegalfishing and overfishing. a mass march by thousands of israeli protesters has reached the parliament injerusalem, where lawmakers are due to pass the first bill in the government's planned overhaul of the judiciary. tens of thou

thank you so much. former president of the dallas fed. >>> speaking of those bank earnings, the whole season kicks off innest tomorrow morning. we'll hear from wells fargo and jpmorgan jpmorgan, usually the tone setter for everybody and next week, we get morgan stanley on tuesday, bank of america, as well a couple of the smaller players. we get the beleaguered regionals, as you can see there on tuesday, kicking it off let's welcome back my guests leslie, let's start with you and the expectations for some of the biggies. >> this is shaping up to be a tough quarter. bank executives have been guiding the market lower and analysts have been slashing estimates left and right they have taken down the q2 estimates by 20% that's thanks to rising funding costs, banks needing to pay depositors more. and loan growth is slowing, so that's grcrunching margins. all of these head winds come at a time when bank regulations are quickly changing the direction of the economy is uncertain. much of this already priced into bank stocks with valuations well below historic averages. conference calls may help generate renewed in

. >> thanks for having me. jack: the fedry dramatic measures, seems to be having some success, and yet it didn't kill the economy in the process. >> sure. jack: wall street seems to be happy about this what's not to love? >> i mean, i think those are famous last words, right, jack? [laughter] look, i think in fairness, chairman powell's getting a lot of credit for the hard work that he's done. the market is responding in a very positive way. and for a job that kind of typically ranks with regards to a similar category as weatherman, this is the first time he's starting to get some of that credit that he hasn't been getting in the past. i think in many regards we were very defensively positioned in 2022. 2023 -- jack: which was a good call. >> which was a good call. 2023 we were expecting earnings to go down, gdp to moderate, not necessarily go into an inflatioo recession, inflation to come down. and that with those earnings going down, we would see muted prices with regards to the stock market. i think what we got wrong was,

not there yet and the fed will continue to step on the brakes until they get what they want joining us at post 9 is apollo chief economist torsten slok great to have you back. >> thanks. >> some slowdown but not happening quick enough, is that the view >> i think this was a report that basically -- sounds like a soft landing but with high inflation. the consequences the fed wil look at this and say, well, we're still trying to get inflation down it's still sticky at 5% core pc. with back drop, we have to keep hiking rates some things in the report show things are slowing nonfarm payrolls are coming down in particular not with the back drop of several things reaccelerating housing is reaccelerating, autos is coming back, making inflation more sticky and making it harder to go the last mile from 5% down to the 2% target. >> do you think the second half of the year has the possibility of inflation scares? >> i do think there is a risk that if the market now says, well, this is all over, we had a banking crisis a few months ago and housing is looking better and autos are looking better, hey, maybe the worst is over but the fed will take the complete opposite conclusion a

fed go? >> yeah, another thing on the list of things we had to be worried about, which turned out not immediately, anyway. a.j., thanks bryn, we'll see you in a bit >>> the twitter question of the day -- after cpi report, what will the fed do? hold rates steady? hike or even cut go to twitter to vote. we'll share the results later. >>> now a check on top stocks to watch. kristina partsinevelos is here with all of that hi. >> let's talk about domino's pizza. it's looking to spice up its delivery, launching a partnership in four pilot markets in the united states this fall, across the country by year end, and eventually internationally. this is a big change, since the company has long avoided using third-party delivery apps in the u.s. >>> chinese tech names, they are higher in the hopes that the years-long crackdown on the sector is over the nation's top economic planner and other government officials met with several senior executives from large tech companies, not showing china's change of tone >>> kristina, thank you. >>> we're just getting started here up next we're headed out to sun valley bobby kotick joins us. h

with the last at 3% at what point do you think the fed is ready to declare victory on inflation? >> thanks a long way from declaring victory on inflation. there are two reasons for that. one is, while we got really positive news last week that the cpi started to fall. it's a bit of inside baseball here but the fed focuses on another rate of inflation called pce in we won't get in the end of the month. pce has been falling less dramatically. the third indicator of the fed is actually looking more flat than last week. i think on top of that, there's a lot of history sort of at stake right now so the fed certainly accident want to be known as the institution that eased on inflation prematurely and ultimately maybe gave rise to persistent inflation. >> one thing that got my attention is that for the first time wages for people at home, for american workers, outpacing inflation. that has to be significant for people at home. but how do you thing the fed views that? >> for that, it's a really positive driver of the consumer, consumer finances. you know, in the near term, again, i do think it's p

fed. stuart: thanks, lauren. check those futures again. you'll like what you see.about 90, nasdaq up over 200 points. >>> coming up, senate minority leader mitch mcconnell gave his are republican colleagues a scare. watch this. >> good bipartisan cooperation and a string of -- [inaudible conversations] stuart: well, that is raising questions about the 81-year-old's, the minority leader in the senate, there were questions about his continuing in that position at some point. >>> and there's this, hunter's plea deal collapsed. our next guest was in the courtroom as it happened. he's going to tell us how it all went down. very interesting stuff. we'll be back. ♪ ♪ my life is falling to pieces, somebody put me together ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ this is american infrastructure, a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends these services for everyone who lives her

with the dallas fed president warning that a rebound in housing prices would pose an upside risk to inflation down the road. here to discuss is kevin thrope with cushman & wakefield. thankou for joining us. if you take a look at the risks to inflation and the path the fed is on, do you think they will need a hike above and beyond what we might see today? kevin: i do not think so. i think this is pretty baked in, the fomc will follow through as expected. i think that might be the last hike. the fed has more than doubled the long run equilibrium rate, i think sufficient enough to slow the economy and bring inflation in. we are seeing good progress in inflation. stickier components, core cpi turning in the right direction. keep your eye on the employment cost index coming out on friday, it will be interesting on wage growth. commercial real estate specifically, we are looking for signals. for your viewers, it is worth noting that historically as you near the point where the fed is going to make this first move down, which we think will be early next year, that is the best time to buy property. you go back prior to covid, the last time the fed was cutting rates was septembe

thank you, i'm pissing me paradise has already fed, well then, let's.tiful, where did you notice? yes? only now, you know how it happens everything is not glory. god doesn't care, it's a long story. man, it looks like nothing happened. they have business before the wedding of paradise borrowed money from friends. he also took a loan, and then it doesn't matter to talk about it for a long time. well, no more money. since it’s a beautiful holiday, but you understand this, so that you remember sugar for the rest of your life, as usual. tell me , do you know who paradise has borrowed money, of course, everyone knows. do you know how this kid found out about the camera? i asked there such a long chain to listen to i don't know where i just said. for free guard now fingerprints listen what is a holiday? the cake is delicious cleanliness hurts the eyes, i wanted to cheer up. great idea, i 'll take another bite. kindergarten and auto mechanic entered the moscow economic university after which he returned and opened a branch of the bank. although his head office

i think that's also worth noting deirdre, thanks so much. >>> next, former kansas citi fed presidenthether rates are close to a speak. the street expecting another 25 basis point hike this afternoon. but if you recall, in june, the fed saying two more hikes were d 'sng anit just unclear if that's happening, when it is. don't go away. every business deserves a great deal. that's why comcast business is launching the mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $49.99 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >>> july rate hike is all but certain. we're going to get 25 basis points from the fed this afternoon, bringing the upper boundary of the fed funds rate to 5.5%. that's highest level it's had since january of '01 our next guest l

thank you. we covered the fed, the boe, the boj. a pro as always. good we will make you come back later in the show to talk more about central banks. mark cranfield, thank you. coming up, taking the exit. the uber cfo is said to be leaving the company. we will get more on the c-suite changes next on bloomberg. ♪ dani: let's get to some of your top corporate stories this morning. bloomberg has learned that wall street banks are hoping to approach international investors for the syngenta mega ipo in shanghai. they are working on what could be the world's largest listing this year. a reprieve for the frozen ipo market. the chinese giant wants -- got regulatory approval last week. elsewhere, we have learned that the uber cfo is planning to leave the company. he has informed senior leaders of his intentions to move on. the decision on timing has not been made. he would be the most senior executive to leave since it went public in 2019. as we gear up for cpi tomorrow, i want to bring you a chart mark cranfield mentioned, use car prices. they have fallen 4

fed officials are going to be looking at that, but it is a lot different data points they will be considering as they move forward. lizzy: thank you to bloomberg's derek wallbank and jill disis for that roundup. for more top stories, head to the daybreak newsletter on the terminal. new york fed president john williams echoing the need for more hikes. we have the british chamber of commerce survey showing fewer u.k. firms expecting to boost prices. later the boe decision-maker panel for june will give an update on inflation expectations. finally, they write that poland is holding rates steady at it central bank decision, keeping them at 6.75%. the slowdown means the bank can start cutting rates before the end of the year to 6.5%. all that and more on today's daybreak newsletter which terminal subscribers can find at dayb . a treasury selloff takes the 10-year yield to its highest since march as traders digest fed minutes. more market reaction next. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. more exercise. eating healthier. and simply getting more sleep. because they know

thank you, senator tillis. i don't think that congress in 20 1:55 and barr's predecessor, mr. corals, we king the rules even more, and frankly, all of you at the fed, in those earlier days, in the congress, and the administration and those earlier days are off the hook either for silicon valley bank. senator -- is recognized. >> thank you, mister chairman. thank, you chairman powell. i just want to make sure that i have a couple observations straight in looking at the most recent report. beginning with wage growth, because throughout the last couple years, we have seen rising wages. we have also seen, of course, rising prices. but it has been my observation that, for lower wage workers the people who are working paycheck to paycheck, real wages are up and in other words the increase in their wages outpace the increase in prices they were facing. near latest report seems to indicate that that trend is actually even more broad based right now. could you speak to that? >> that is exactly right. at the beginning of the pandemic, wages went up a great deal for people in those public facing service jobs that are relatively low paid, because that is wher

ashley: interesting, every word and piece of data to see what the fed might do, not much reaction on the market, thank very much. measuring financial security the fed has engaged households of 400-dollar emergency. and it doesn't seemed like much, the new cost of the surprise expenses is around $1700 or m more, great to see you. the fed is surveying people using the very low outdated number. how bad is it really in your opinion? >> the number is ridiculous so that is why they have to update it and it goes to show government statistics can be very lagging in terms of what's happening in the economy and misinterpreting statistics and africa buddies went through to get people to work and layoffs getting back to working in europe is in a mess and britain is in a mess and they're talking about a stimulus package, always bad news when the government engages which means wasteful spending, the world economy is not in good shape. ashley: talkative stimulus, student loans, the supreme court says you don't have the power to do that mr. biden, i would imagine you agree. >> it is preposterous spending 400 plus bil

fed well , i need to work. well, you understand, but wait. thank you marina alexandrovna alexandrovna that you found the time?the way, i had to refuse two massages. i won't take it. it's because everyone is jealous. finish off drink your tea. when they envy it's bad and don't say it, and all my life i've been surrounded by envious people since my school days, you know? why? because i'm beautiful, i'm beautiful. sing, what would you like to ask about the environment? tell me, in your house there were often all sorts of random people, random people. they don't come here every day. here you are, by the way, you showed me your id , please, here. for example, this toadstool is our last housekeeper. by the way, i immediately felt that she was fumbling in her pockets. and how did she sob when her vyshvy? but now i have to use the services. here are these dry cleaners on the road, but they do not work well, by the way, by the way stand up, this is this, what is m? not me , honestly, but they call themselves clinserpis without spots. damn, they are a service. by the way, i wanted to complain about this video. can then

thank you so much for joining us. your commitment to bloomberg surveillance, appreciate it. the former president of the new york fed. art from bank of america that showed the fan distribution of our american inflation where we could see the surprise of a normal disinflation back to the 2% level or maybe something stasis, or percent -- 4% or we could see sticky inflation. a lot of kung flu -- a model -- a lot of confusing trends. what is the key determinant of how disinflation unfolds? >> i think it is catching on with what bill dudley said. does the labor markets often enough to give you confidence that services inflation will keep inflation running around 2%? for me, it is about broad-based disinflation across services. we should get payback and goods prices and we saw that this month with used cars but can we get a combination of disinflation in services, beyond shelter, i am not sure. as a broad-based enough to make you confident that the new trend, we are back to our prior trend of roughly 2%? lisa: what do you make of, you can see this ongoing disinflation on let's the labor market cracks and you see more at loo