u.s. federal reserve today then he went on t.v. to say that he wasn't criticizing really sort of here is. i've been a very good man in the fed i don't necessarily agree with it be cause he's raising interest rates i'm not saying that i agree with it and i don't really agree with it i just said you know i don't. i'm not thrilled because you know we go up and every time you go up they want to raise rates again and i don't really i am not happy about it but at the same time i'm letting them do what they feel is best right the president is letting the u.s. federal reserve do what they think is best player rich said in washington everybody is reading about as criticism of the chairman mr trump's pick for that position this isn't so we have disagreements it seems to be unusual that a president should act in this way how does it seem to you well as a presidential candidate trying criticized fat criticize the fed all the time you might remember he said to the former chair at janet yellen that she should be ashamed of her low interest rate

u.s. president to makes a direct or tries to influence the federal reserve yes the u.s. president nominates or the president of the federal reserve but that's about it other than that the fed is completely independent from the u.s. government so highly usual those remarks from donald trump that he says he's really not thrilled the fed is working right now usual remarks were kind of used to that from trump so far but it looks like investors are taking what he's saying seriously . we certainly did see an impact after those remarks we saw the dollar losing some ground the same was true for the yield soft u.s. treasuries so many old saw stocks got a little bit of a dent purse preciously if you look banking stocks for banks in general it's good news of interest rates are increasing they borel short and they lend long and saw on the long and interest rates are not increasing as much as projected to be bad for a u.s. financial institution so we did see some losses over there but overall if you talk to most economists they believe they're the new head of the federal reserve jerom

u.s. federal reserve has indicated that it's not planning to hike interest rates any further for fear of in danger in growth so investors are pinning their hopes on the u.s. stock market bitcoin is also in demand while some skeptics see buying and selling the cryptocurrency is gambling and not investing is advocates view it as an alternative to gold most analysts are nevertheless convinced in the long term goal will not lose it sheen despite the apparent alternatives currently on offer it will continue to fascinate people in the future just as it did back in the age of the pharaohs. well to get some expert analysis i spoke to james hughes chief market analyst at actually trade in london and i asked him whether gold has lost its sheen at least invest us. well i think it's not necessarily a case of losing its sheen but i think as your package just said there are other alternatives and what we see this time in this almost in this these trade wars and all of these geopolitical stories that we're seeing we're seeing it's the u.s. dollar which is really taking all of that safe haven investor mone

u.s. federal reserve has still got its full year growth out where it is holding steady at two point eight percent so is that seemingly meteoric pace of growth envisages i mean is it actually sustainable. well i mean we certainly did see that this administration is giving all it has to push the growth higher but there is clearly also quite a risk involved in this well donald trump grew up in luxury and probably still lives in luxury empty might not have heard the term safe when the times are good so that you can spend when the times are bad so if the economy shifts but the recession is not on the horizon yet the growth forecasts for the third quarter for the fourth quarter assume looking pretty good so most of cobol call them is say that maybe in a year from now so that's when really things could to haunt us back specially also the tax cuts we see a huge debt load here in the united states but nobody really wants to hear that at this moment. of us all in a wall street thank you yes. which has plunged nineteen percent in friday trading that saw for the social networks at the number of month

u.s. federal reserve has indicated that it's likely to hike key interest rates in the coming months. but so far that hasn't soured investor sentiment on the u.s. stock market. some are also eyeing crypto currencies like bitcoin while skeptics regard buying and selling the crypto currency is gambling and not investing its advocates see it as an alternative to gold. most analysts are nevertheless convinced in the long term gold won't lose it sheen despite the apparent alternatives currently on offer. it will continue to fascinate people in the future just as it did back in the age of the pharaohs. the european union has fined for consumer electronics firms a total of one hundred and eleven million euros for fixing the prices off their goods sold on line basis then on the merits phillips and pioneer threatened to block supplies for retailers if they didn't follow the company's pricing requirements for products ranging from coffee makers in stereo equipment to computers the use competition commission of a star has said the price fixing had a widespread effect going beyond the directly aff

u.s. federal reserve. china, european union, and others have been manipulating their currencies and interest rates lower. the u.s. is raising rates while the dollar get stronger and stronger. taking away a competitive edge. as usual, not a level playing field. we are joined by our chief content officer. talk about how we should read this tweet. the market read it as pushing the dollar lower. does he mean to? does he want to spark a currency war? >> i do not think he would suggest he is trying to create a currency war but yes comes he wants the dollar lower. nobody believes donald trump is feet into the mechanisms of currency markets -- steeped into the mechanisms of currency markets but that is dangerous because other nations, if they take actions, based on what they think is the strategy, may cause miscalculations. things can barrel out of hand. it is a dangerous thing donald trump is doing but he doesn't want to see the dollar lower. caroline: will it affect the federal reserve? make them more staunch an

u.s. federal reserve has indicated that it's not planning to hike interest rates any further for fear of in danger in growth so investors are pinning their hopes on the u.s. stock market bitcoin is also in demand while some skeptics see buying and selling the cryptocurrency is gambling and not investing is advocates view it as an alternative to gold most analysts are nevertheless convinced in the long term goal will not lose its sheen despite the apparent alternatives currently on offer it will continue to fascinate people in the future just as it did back in the age of the pharaohs oh well it's not very. often as a correspondent from frankfurt in times like these why is the gold price still down all after with bitcoin. no actually not when you talk to investors here on the trading floor they were telling me that we are actually in a difficult situation there is a lot of things that are going on in the world we have a u.s. president that is completely unpredictable there is this fear of rising tension with iran for example and also you know that iran could shut down the oil acts of war to o

u.s. federal reserve neoliberalism joining me from new hampshire in the u.s. is who else the former consultant lead to the u.n. the i.m.f. and the u.s. treasury john perkins author of confessions of an economic hitman the shocking story of how america took over the world john thanks so much for coming back on the show so back in your day when you were an economic hit man how would you have responded to this new kid on the block seeming to undermine or these threatening to undermine the i.m.f. and the world bank's supremacy you know i mean we had a similar situation through the soviet union it was on the same by anybody but there was a there was a balance so if we were to strive to hurt it strong i mean or untrue like let's say there were two or lundy or indonesia. their governments i turned to the soviet union. and force us to try to soften our approach and then after the soviet union collapsed in the early ninety's they roll back the iona and their sister organizations had a monopoly. and they really abuse that i think that's a shame and they use it to exploi

u.s. federal reserve notes as the world's reserve currency. rep. barr: this is for anyone who wants to chime in. digital advent of currencies, do you think demand for u.s. federal reserve notes will decrease? what invocations does that have for the u.s. dollar? i think if you look at why the u.s. dollar is as strong as it is and as in demand as it is, you have to look beyond the fact that we have federal reserve notes. we have an economy with strong property rights. dr. michel: we had an incredibly well-developed industrialized infrastructure here. combine those things and have a dynamic economy, the assets of that economy, including the money that is predominately used in that economy will be sought-after. what you should focus on if you want people to want our money. if you want people to want to use our money. there is a downside to being the world's reserve currency. we can continue the fiction that we can print as much as we want and lend as much as we want. that is not a good idea. that is not the way i would think of those things. does anybod

u.s. federal reserve has indicated that it's not planning to hike interest rates any further for fear of indanger in growth so investors are pinning their hopes on the u.s. stock market big corn is also in demand while some skeptics see buying and selling the cryptocurrency is gambling and not investing is advocates view it as an alternative to gold most analysts are nevertheless convinced in the long term goal will not lose its sheen despite the apparent alternatives currently on offer it will continue to fascinate people in the future just as it did back in the age of the pharaohs. or i for some expert analysis on the gold price i'm joined by james hughes chief market analyst ed x. a trader in london good to have you with us and basically picking up right from the very last sentence in our report has gold lost its sheen at least for investors. well i think it's not necessarily a case of losing it shane but i think as your package just said there are other alternatives and what we see this time in this almost in this these trade wars and all of these geopolitical stories that we're seeing

u.s. federal reserve does still have a positive outlook holding steady at 2.8%. is it actually sustainable? >> we certainly did see that this administration is pushing growth higher but there is also a risk. while donald trump grew up in luxury is still lives in luxury and feel safe when the times are good. if the economy shifts to the lower side than the question is what can be done to actually prevent the u.s. economy from falling into a deeper recession. the recession is not on the horizon yet. luciana say, a year from now is when it will start to affect us especially, for the tech sector in the united states. reporter: on wall street, thank you. twitter shares of plunged 19% in trading on friday. the number of monthly users was down by one million in the second quarter and it is expected to drop in the new feature as well. numbers are declining as twitter intensifies its efforts. should privacy rules in europe have also made business harder. twitter is the second biggest social media for them to report declines in figures after facebook reported the biggest e

u.s. federal reserve notes as the world's u.s. currency. this is for anyone who wants to chime in. with greater use of electronic payments, do you think demand for u.s. federal reserve notes will decrease? and what implications does it have for the u.s. dollar? >> i think if you look at why the u.s. dollar is as strong as it is and is in as demand as it is, we have a federal reserve that prints demand notes, economy with property rights, we have incredibly well developed industrialized infrastructure here. and as long as you combine those things and have a dynamic economy then the assets of that economy, including the money that's predominantly used in that economy, are going to be sought after. that's what you should focus on if you want people to want our money, if you want people to want to use our money. there's a down side to being the world's reserve currency. that is we can basically continue the fiction that we can print as much as we want and lend as much as we want. frankly that's not a good idea. that's just not the way i would think of those things. >> anybody else want

u.s. president tries to influence federal reserve yet, the u.s. esident nominates the president of the federal reserve. it is completely independent from the u.s. governments were highly unusual. >> unusual remarks but we are kind of used to that from trump so far. it looks like investors are taking what he says that since it. -- seriously. >> we did see an impact. the same was true for the yields of u.s. treasuries and also, stocks got a little bit of a damper. especially, the banking stocks. in general, it is good news if interest rates are increasing. own and interest rates are not in creasing as much. we did see overall, if you talked to most economists, they believe that the head of the federal reserve one not be influenced by the u.s. president donald trump and will continue doing what he believes to be right. that is a opinion of most economists. >> thank you very much for. >> formal rivals quickly becoming good neighbors. anchor: we're talking about the peace process between ethiopia and the arab trail. one of africa's biggest carriers. the

u.s. federal reserve notes as the world reserve currency. with greater use of electronic payments with digital currency to think the demand for federal reserve notes will decrease and what implications does that have for the u.s. dollar? >> if you look at why the dollar is as strong as it is and demand you have to look beyond the federal refractive of the federal but the economy was strong property rights especially relative to other countries and incredibly well developed industrialized infrastructure and as long as you combine those things, the assets of that economy will be sought after so that is what we should focus on if you want people to use our money but there is a downside that basically we can continue the fiction and frankly that's not a good idea. that's just not the way i would think of those things. >> another way to think about that is the united states does have and continues to have a competitive advantage of wealth storage services that arises out of social infrastructure and rule of law and enforcement of contracts and a s

u.s. federal reserve bank, the president tweeted this. then the president tweeted this. the u.s. should not be allowed to recapture what was lost due currency minute galatian. we are joined by the head of public policy at pimco. >> i think what we've seen with president trump is there is a difference between the rhetoric and reality. there has been the fed before. i would take this more as a tweet than an actual policy. the personnel at the fed may be completely independent. market participants of what the fed might do or international? nejra: if you look at what the president can do, it's fairly limited. libby: the personal choices are fundamental. in terms of actually setting leversy policy, it has over the fed. ist we see from congress they believe in an independent fed. both republicans and democrats have reiterated that many times. i think in terms of what the president can do, it's relatively limited. we should take this as more rhetoric. you don't think dollars will leave because the president looks to be intervening? libby: what jay powell has said it, independence is key

u.s. federal reserve. now let's shed some light on these developments and talk to cast brashly he's the chief economist at de van joins us now from frankfurt cost those u.s. figures don't seem to impress anyone has u.s. growth really peaked. you know one of the no not really i think the u.s. can still benefit from the from the tax cuts we got under a new president trump and also from the still are out of the low interest rates so i think for two thousand and eighteen the growth picture looks extremely promising for the u.s. economy two thousand and two you might be a different story because then we will see that the stronger dollar the higher interest rates will probably start to bite and to dent that bit of the recovery well is it really all downhill from here are people just really deliberately trying to talk down a strong u.s. economy. i think it's more as we we have a very long and positive side in the u.s. economy but similar to what we see in in germany almost ten years of continued growth and then ob

u.s. federal reserve has indicated that it's likely to hike key interest rates in the coming months. but so far that hasn't soured investor sentiment on the u.s. stock market. some are also eyeing cripple currencies like bitcoin while skeptics regard buying and selling the cryptocurrency is gambling and not investing its advocates see it as an alternative to gold. most analysts are never the less convinced in the long term gold won't lose it cheap despite the apparent alternatives currently unaltered. it will continue to fascinate people in the future just as it did back in the age of the pharaohs. well we'll fast people but will it still be there was a currency done of course in front but why is gold still after thousands of years a safe haven investment while garrett still considered as a real value and even though some people are questioning if it's still the crisis currency most of the investors here on the trading floor feel actually that this is still the case when you talk for example about bitcoin that is considered by most of the investors here as gambling money and they don'

u.s. federal reserve at the still got its full year growth out where it is holding steady at two point eight percent so is that seemingly mature pace of growth envisages i mean is actually sustainable well i mean we certainly did see that this administration is giving all it has to push growth higher but there is clearly all saw quite a risk involved in this well donald trump grew up in luxury and probably still lives in luxury and he might not have heard the term safe when the times are good so that you can spend when the times are bad so if the economy shifts to the lower side the big question mark is what can be done to actually prevent the u.s. economy from falling into a deeper recession but the recession is not on the horizon yet the growth forecasts for the third quarter for the fourth quarter assume looking pretty good so most a couple economists say that maybe in a year from now so that's when really things called to haunt us back specially also the tax cuts we see a huge debt load here in the united states but nobody really wants to hear that at this moment all right and of course

u.s. federal reserve neoliberalism joining me from new hampshire in the u.s. is who else the former consultant link to the u.n. the i.m.f. and the u.s. treasury john pracon is author of confessions of an economic hitman the shocking story of how america took over the world john thanks so much for coming back on the show so back in your day when you were an economic hit man how would you have responded to this new kid on the block seeming to undermine or these threatening to undermine the i.m.f. and the world bank's supremacy you know i mean we had a similar situation through the soviet union it was on the same by anybody but there was and there was a balance so if we were to strop just push too hard and strong i mean it on trade like let's say there were two or colombia or indonesia. there are governments i turned to the soviet union. and force us to try to soften our approach and then after the soviet union collapsed in the early ninety's world bank the i.m.f. and their sister organizations had a monopoly and they really abused it and i think that's a shame a

u.s. federal reserve notes as the world's reserve currency. and this is for anyone that wants to try just mac time in. and what applications does that head. why the u.s. dollar is as strong as it is in and is demand as it is. we have an economy with a strong property rights especially relative to many other countries in the world. incredibly developed industrialized infrastructure here.tr and as long as you combine those things and have a dynamic economy. including the money that is predominantly used is going to be sought after. that's what you should focus on if you want people to want our money. there's also a downside to being the world's reserve currency. that is frankly not a good idea. that's just not the way i would think of those things. does anyone else want to comment on those things. the united states does had and continues to have that was an advantage that arises at a social infrastructure and all the things they said. they contract a strong financial system.lat and of course a powerful government. we talk about bank notes in u.s.

u.s. federal reserve thinks long-term growth in the u.s. is under 2% the economy is growing gang busters, and the bond markets configuration suggests that this is short-lived, and that the fed overtightened, and that ultimately will slow things down potentially bringing recession-type conditions. because other things are going on which are risks to the cycle. >> the risk is that the fed may have to overtighten. ecb has said to the market we won't do anything before summer of 2019. do you think then that the inverse is actually running the risk of not doing enough at a time when the economy is growing decent and inflation is picking up again >> economy is doing okay it's clearly slowed from last year my sense is that there is no credible inflation threat. yes, prices are high, but underneath it all it's difficult to argue that europe has a capacity issue that will bring inflation to the fore. i think the ecb can sit and wait it out a bit longer. it would be nice to think that would help equity markets, but i suspect it will not. >> i was goi

u.s. federal reserve american business groups and farmers of all warned that a trade war with china will have a big negative impact for the u.s. economy i mean is this point lost on donald trump do you think. so i'm not sure if it will have a big impact on the economy it might have an impact on certain interest groups that certainly china's tactic is to target his support base. also on the chinese side they're not really worried about the effects on the overall economy but they are concerned about certain interest groups certain cities who might be exposed to export industries now they're answer is to increase domestic consumption diversified to other countries and restructure their economy which has been their plan for many years already anyway so this trade war doesn't change their. national strategy olympic thank you very much for talking to al-jazeera now one of the divers helping with the cave rescue of a thai football team has died due to lack of oxygen before my time navy seal lost consciousness on his way out of the cave where he'd been delivering oxygen tanks to the twelve boys and t

u.s. federal reserve banks. uropean union and others have been the nebula in currencies and interest rates lower will the u.s. is raising rates. the dollar gets stronger and stronger with each passing day, taking away our big competitive edge. as usual, not a level playing field. >> he wants the dollar lower. i don't think anybody believes donald trump is steeped into the mechanisms of currency markets. that is dangerous. other nations, if they take action race on what they think is strategy may cause miscalculations. things can barrel out of hand. it is a dangerous inc. he is doing, that ultimately he wants to see the dollar lower. ♪ shery: still ahead as we review the week on "bloomberg best" in exclusive conversation plus aviation executives talk about trade at the air show and, coming up the earnings drumbeat continues and a big miss for net legs is among the biggest headlines. >> they missed by one million subscribers. that's what a big number. shery: this is bloomberg. ♪ shery: this is "bloomberg best" and

u.s. federal reserve, his message on rates and currencies. playing nice with vladimir putin, president trump intensifies the uproar over his meeting with the russian president by extending an invitation for a second summit. can democrats take the house? we will hear from a democratic candidate in a key district. ♪ kevin: -- shery: twets and more -- tweets and more terror threats, accusing of currency manipulation before taking a swipe at the federal reserve interest rate hike after the president already threatened to impose tariffs on all of chinese imports. two sorted out is our business week economic editor. i have lived in several consuls -- countries before coming to the u.s. so it is not unusual for government to meddle in monetary policy but huge in the u.s., breaking two decades of traditions. what are the ramifications? >> a risk it could backfire on donald trump and the reason the president refrain from criticizing the federal reserve, the more they convince everybody the federal reserve will go easy and keep rates low, more markets

u.s. federal reserve for raising the interest rates here. deirdre bolton of the fox business network joins us with details and possible fallout in the markets this week. good evening, deidre. >> good evening, bret. you said it u.s. stocks did close slightly down but finished little changed for the week. the dollar was really the big move. so, after a few tweets from president trump, here's what he posted. we'll talk about the reaction. >> so here's the first tweet, china, the european union and others have been manipulating their currencies and interest rates lower while the u.s. is raising rates while dollars get stronger and stronger with each passing day. taking away our big competitive edge. as usual, not a level playing field. a weaker currency such as the euro gives an advantage to chinese or european manufacturers. so it makes chinese or european goods less expensive in most global markets. to be specific, chinese or a german car would be cheaper than an american one if you are paying in u.s. dollars. president trump calls that a form

u.s. federal reserve has indicated that it's likely to hike key interest rates in the coming months. ut so far that hasn't soured investor sentiment on the u.s. stock market. some are also eyeing crippled currencies like bitcoin while skeptics regard buying and selling the cryptocurrency is gambling and not investing its advocates see it as an alternative to gold. most analysts are nevertheless convinced in the long term gold won't lose it sheen despite the apparent alternatives currently on offer. it will continue to fascinate people in the future just as it did back in the age of the pharaohs. oh well it's not spring and financial correspondent from frankfurt down here in times like these why is the gold price still don't come all have to do with bit confound it. and no actually not when you talk to investors here on the trading floor they are telling me that we are actually in a difficult situation there is a lot of things that are going on in the world we have a u.s. president that is completely unpredictable there is this fear of rising tension with iran for example and also you

u.s. federal reserve and on thursday the bank of england announces its latest policy decision and governorgives a news briefing. now joining us is the fixed income portfolio manager at jpmorgan asset management. great to have you with us. it seems the markets have taken this as a dovish decision from the boj at least for today. 10 year yields on the jgb dropping but will we see curve steepening further down the line? diana: the market has been expecting to see a more explicit guidance on where the tenure target was or perhaps a bit more information around how much was willing to tiger -- tolerate. we have not got back in the statement, we will see what the governor comes out with at the conference. but i think ultimately, this is positive for yields, we think it should be supportive for bond markets because the boj has committed to keep rates low. nejra: what do you want to hear from kuroda when he speaks? diane: we would want to hear with that range is, what they are looking at. they will keep 10 year yields and allow some flex ability around that. markets will want to understand what tha

u.s.. federal reserve. on thursday, the bank of england announces its latest decision. carney gives a news briefing. if you are a bloomberg customer, you can watch the show using tv as well as a via stream. you can follow all of our desk video stream. you can follow all of our charts and message the team directly. this is bloomberg. ♪ ♪ london, 40s 7:19 in minutes away from the european market open. if we look at how they might open, we could see a lower open going to days of gains in the stoxx 600. we have seen some losses in asia as well. on fridaylosed lower in terms of the s&p 500 and nasdaq. tech stocks providing a big drag. a big week for central banks, 10-year treasury yield traded at 2.96%, higher after a drop friday following the u.s. gdp print. let's get the news business flash. : internet platforms are set to face new content laws in europe. companies, including google, twitter comments race book, could face fines from number if they fail to take down propaganda and hate speech. the board of cbs is set to meet later today to discuss the future les moonve

u.s. federal reserve has said he sees no sign in the bond market or otherwise that an economic downturn is looming. jerome powell's comments came in his second day of testimony before congress. i don't see any evidence that a recession is eminent. we are not forecasting a recession. i don't really think we see a recession coming. juliette: the u.k. tumbling out of the european union without a deal could cost a deal he. sterling could flunk as much as 8% against the dollar if burned is not. strike a deal -- britain does not strike a deal. a new deal brexit has still regarded as a low probability. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 120 journalists and analysts in more than 120 countries. you can find more stories at the bloomberg on top . we have started to see a little bit of downward momentum in the lot of part of trade. having a look at hong kong and china coming back online and continuing the selloff there. you have movement in the nikkei. it has also turned to the negative down .1%. we have seen strong momentum's in indonesian banks. me

u.s. circuit court. and, federal reserveirman jerome powell is back on capitol hill testifying about monetary policy and the economy on c-span3 at 10 a.m. eastern. in the afternoon, the head of the national is the dude and infectious diseases, dr. anthony fauci, discusses this past flu season which the government says was one of the most severe in a decade. that begins at 1:00 eastern. at 2 p.m., the impact on u.s. tariffs on agriculture. >> join us saturday and sunday for alaska weekend. with featured programming on c-span, book tv and american tv.ory we will explore alaska's natural beauty, history, culture and public alessi issues facing the state. saturday morning on c-span's journal.n asked the us energy reporter amy effects of climate change on alaska. and, jack lean pater discusses native american issues on the communicators saturday. alaskancounsel for the cable provider gci talks about how the company makes broadband villages. for small and, incoming president for the alaska collaborative in telemedicine on providin

u.s. federal reserve.ow is the market going to absorb the storyline, especially if the president continues to target the fed? vince: markets are ignoring it for the moment. most will say with the tide that jay powell and his crew are immune from the president and fiscal policy and the central bank is a separate entity. trump is putting some pressure, but we have not seen anything like this since the 1970's with next and and burns. the story -- nixon and burns. there was in fighting going on. the federal reserve our fact driven and will stay fact driven . as long as the economy does well , they will the course. if the tariffs slow down the economy, they will pull back. onry: with all of this going with politics and trade, if investors want to be defensive, how do they do that when global markets are interconnected? : i have been asking multiple investors about this. s&p global show that in 2016, 40 3% of revenue in two -- 43% in s&p came from overseas. the supply chain is now so interconnected. investors ad

u.s. federal reserve patrick parker will have a keynote conversation with mike mckey at the rocky mountain economic summit. at 1:00 this afternoon the u.s. treasury will alkts $14 billion in 30-year bond. >> the nato summit in brussels opened up and we heard from president trump about the u.s. commitment to nato. president trump: i let them know i was extremely unhappy with what was happening and substantially upped their commitment so now we're very happy and have a very, very powerful, very, very strong nato, much stronger is sthan -- than is was two days ago. >> we heard from other officials from different countries, do they share the same optimism and numbers mr. rump does? annmarie: we heard from the german chancellor before president trump spoke. earlier there were reports he was threatening to leave and threaten if expenses weren't seen. it sounded like he was using a harsh language with his counterparts to get the spending up and is touting it as a complete victory saying he extracted a firm commitment by all nato allies to substantially increase the target to 2% quickly. he said c

u.s. banks. the federal reserve said it would allow goldman sachs and morgan stanley to pass the stress test on thetion that they limit capital returns to previous year levels. the top democrat in the committee slammed the fed for "making life easier for the banks." but was that the case? our senior writer on the finance team, is here. think you for joining us. were this year's stress tests actually easier than the previous year? >> now, the tests were actually harder. yes, the fed at the end, may have softened a bit on morgan stanley and goldman sachs so they could ask, even though their capital levels would fall below the minimums required under stress, but the stress level that got them there, was harsher than ever. 65% decline in the dow jones industrial index in economic scenario, that is worth and what happened in the crisis in 2008. so it was a very hard test that really slammed especially morgan stanley and goldman sachs harder. their capital levels fell more than anyone else's doing the hypothetical scenario. so to be a bit million at the end so they could continue distributing -- to be a

the federal reserve says economic growth in the u.s. is holding up.says manufacturers are concerned about tariffs, some it's a new trade policies have led to higher producer prices and supply disruptions. employers are concerned that the inability to find workers is holding back growth. unilever feeling the impact of a trucker strike in brazil. growth,orted sales missing estimates. the ceo. >> what we say to the market is, first half is a slower. second half, faster. this quarter, little on the lower side because we have to deal with an enormous trucker strike in brazil. we run the business longer. taylor: global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs, this is bloomberg. tom: thanks. equities, bonds, currencies, commodities, a subtle day. equities, when. futures, negative five. euro weakness, crude oil cannot find a bid. activity, 30t year yield, higher yield back to 3%. , grinding weaker against a stronger dollar, commodities troubled. 43, down

morning, this chris condon on federal reserve policy and the u.s. economy. then democratic california, richmond brad sherman talks about the fallout from president trump's meeting with russian president vladimir putin and the molar probe. and claudia tenney on u.s.-russia relations. be sure to watch c-span's "washington journal" live at 7:00 eastern. this morning, join the discussion. >> here's a look at what's live on wednesday. the house continues work on the 2019 interior and financial spending package. that's 10:00 a.m. eastern on c-span. on c-span two, the senate debates a judicial nomination for the u.s. district court. on c-span3, federal reserve chair jerome powell is on capitol hill. he will testify before the house financial services committee about monetary policy and economy. that's a 10:00 a.m. eastern. in the afternoon, the head of the national institute of allergies and infectious diseases discusses this past year's flu season, which the government says was one of the most severe in the past decade. nationalks at the press club begin at 1:00 p

u.s. economy so if there is some concern here on the other note the federal reserve is saying that so far the economy is running hot maybe even to a halt and that this actually could lead to financial imbalances and put pressure on the u.s. economy in the future and so it is rather likely that even with the trade war going on that the federal reserve is going to continue to increase rates in the next couple of months we'll see what happens in just a few hours thank you very much scott in new york for the analysis. and while the u.s. distances itself from trade partners at least in other parts of the world countries want to cooperate more closely has reopened the final stretch of a whale way running from the capital phnom penh to the border with neighboring thailand the two countries say the rail link is vital to bilateral trade. a train from cambodia's northern border with thailand arrives in phnom penh it's the first one in forty five years much of cambodia's rail network was damaged during the country's civil war including this forty eight kilometer stretch near the border town of point