u.s. federal reserve cut interest rates and believes many scratching their heads that the u.s. economy is strong why the need for even cheaper money is. also on the show go breakthrough no progress no deal the 12 rounds of u.s. china trade talks ends with the same result as the previous 11. and the new british prime minister brings new worries for business with the brics that brinksmanship into much dreaded no deal. this is your business report i'm stephen bears in berlin thanks for watching it's a modest cut interest rates that has some scratching their heads the u.s. federal reserve has lowered rates by a quarter percent despite strong economic indicators in the country officials pointed to softening business investment and muted inflation it's been a long time since the last rate cut almost 11 years in fact that was december 2008 on the tail end of federal reserve efforts to prime financial markets during the recession it's only gone up since then in line with the recovering and eventually booming american economy now compare that to the european central bank where the depos

u.s. federal reserve's 1st interest rate cut in over a decade. and drinking water covering the year's drought stricken city of chennai else fails then bring in the precious cargo via rail. and then has one place to business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting in shanghai only lasted a few hours and the americans said goodbye all they could basically agree upon was the next date in september in the us. a few pleasant smiles and exchange of niceties then u.s. trade representative robert light ties are in treasury secretary stephen minucci got down to business with chinese vice premier heard. there was little expectation of an agreement being reached before hand found the likelihood of that probably wasn't helped by the coinciding harsh criticism of china's economic policies 5 president trump one of his complaints that china makes promises but fails to follow through. and beijing wasted no time in responding and it was not lutetia will mean i think it's meaningless for t

u.s. federal reserve investors are on tenterhooks ask the central bank could conquer interest rates for the 1st time into 11 gears to get some analysis from london. also coming up one of the world's biggest contributors to ocean plastic senegal plus a crackdown on this and by imposing fines on further restricting plastic use. amounted to jones and this is business thanks for joining now all eyes are on the u.s. federal reserve today the central bank is expected to lower interest rates by a quarter point and it would be the 1st rate cut since 2008 that has been speculation about the probability of a rate cut for weeks by federal reserve chairman powell testimony this will make us in need july in which he hinted that a consequence be the way he was present or much trump has been critical of the fed for racing rates and he is what he told reporters at the white house only yesterday . oh my opinion and far fewer are we are really put out a lot of debt or we are. going to talk about the fed good very good nobody here i would like. large i'd like to hear me do we want to stop because. they don't

u.s. federal reserve today the central bank is expected to lower interest rates by a quarter point and it would be the 1st rate cut since 2008 that has been speculation about the probability of a rate cut for weeks by federal reserve chairman powells testimony to make this in july in which he hinted that a cuts could speak on the way he was present on much time pass been critical of the fed for racing rates and he is what he told reporters at the white house only yesterday that higher figure and far fewer early march early put out a lot of credit for we had done wrong but that's going to stop. the fed really a lot here i would like to see a large cut about like everyday we want to start off because. they don't want to. go higher rate really i think was a big guy. donald trump there yesterday fighting against the noise of the helicopter on the lawn of the white house but i hope that my guest michael hughes and chief market analyst at c.m.c. markets in london could listen to all of that good to have you with us so clearly trump once the rates cannot give the u.s. economy is growing and unem

u.s. federal reserve's 1st interest rate cut in over a decade. and drinking water for india's proud stricken city of chennai coal else fails then to bring in the precious cargo via rail the 1st. event is one let's do business after going program tonight from born in germany from the use of these eaves i want whips. d.w. did constantia africa join us on facebook at t.w. africa. no breakthrough no progress no trade deal the 1st face to face talks in so truce was declared last month between the u.s. and china fizzle out. the stock markets wobble as investors await what could be the u.s. federal reserve's 1st interest rate cut in over a decade. and drinking water pouring new year's drought stricken city of chennai else fails then bring in the precious cargo via rail. and then has one place to business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting in shanghai only lasted a few hours then the americans said goodbye all they could basically agree upon was the next date in september in

u.s. federal reserve cuts interest rates for the first time in over a decade. prident trump tweets his displeasure it doesn't go far enough for him. the firstat night of demo debate in detroit was a battle for the direction of the demoatic party. now it is time for round 2. sen. warren: i don't understand why anybody goes to e trouble running for the president of the united states just to talk about what we can't do and shouldn't fight for.s, laura: p an unlikely tourist destination is pulling in the crowds. why is one town in the austrian alps suddenly so popular? laura: for those watching on pbs and around the globe, welcome to "world news amera." the u.s. federal reserve has cut inrest rates for the first time since the financial crisis of 2008. fed chairman jerome powell says the quarter of a point reduction was designed to keep the econo growing for as long as possible and was not the start of a ng-term cycle of cuts. that has drawn the ire of president trump, who tweeted, "powell let us down." michelle fleury is outside the fed and joined us with her asse

u.s. federal reserve has signaled that it will lower rates soon so could the european central bank itself careerism waiting neither is indonesia both central banks taking action today analysts say other asian nations could follow in korea's case the timing was unexpected but trade tensions are rising with japan tokyo has put curbs on key exposed to souls high tech industry that could slow global supply chains for smartphones and t.v.'s but as you may have put more pressure on the trade dependent economies central bank to make the move. let's talk about this with daniel cope our financial correspondent in frankfurt that you've done it today shows that this conflict is already hurting japan which is exactly what south korea focused. yeah exactly this interest rate cut by south korea has been are quite a surprise today experts thought that this would most likely happen later this year we are learning that interest rates will be lowered from 1.75 to the level of only 1.5 percent this is the 1st time this is happening after since 3 years that the south korean central bank is making a decision

u.s. federal reserve is expected to do the same central bankers cut interest rates to spur economic activity lowering the cost to borrow money makes loans more affordable but it also makes investing more difficult worsening global economic indicators as well as persistently low inflation of many countries considering similar cuts. b.m.w. needs to step on the gas that's at least the consensus among auto industry observers who know that a one time leader in car innovation has fallen behind the newest technologies above all electric mobility and autonomous driving a company executives appear to have gotten the message they recently announced the c.e.o. howard krueger would not seek a 2nd term and now they've named his replacement. the new boss is a familiar face all of it sips is already a member of the executive board and was previously the head of production and he's got his work cut out for him he has to move faster especially in the development of electric vehicles b.m.v. . he m.w. is behind di miller v.w. and others when it comes to electric cars by did they really need to get moving in el

u.s. federal reserve has cut its key interest rate by a quarter point to a range slightly above 2 percent this is the 1st rate cut in a decade and a step for the u.s. central bank to counter several threats to the u.s. economy ranging from uncertainties calls by president trade wars to low inflation and. global growth outlook fed chairman powell repeated the pledge to quote act appropriately to sustain the expansion of the financial markets of interpreted as a signal for possible future rate cuts. wall street did not immediately react to the cuts it had been widely expected. they'll be more about that story in the business news with stephen right after this news update. on news of the emissions cheating scandal in germany is all the motive industry may have broken 4 years ago but prosecutors are still bringing charges still naming suspects the latest. who used to head up the division of the vokes wagon group. for more than 20 years rupert stadler was one of the top executives in the german although industry today the former audi boss finds himself facing charges of fraud false certificatio

u.s. federal reserve has signaled that it will lower rates soon so could the european central bank itself careerism waiting neither is indonesia both central banks taking action today analysts say other asian nations could follow in korea's case the timing was unexpected but tensions are rising with japan tokyo has put curbs on he exposed to souls high tech industry that could slow global supply chains for smartphones and t.v. the dispute may have put more pressure on the trade dependent economies central bank to make the move so. let's talk about this with daniel cope our financial correspondent in frankfurt that your data today shows.

u.s. federal reserve's 1st interest rate cut in over a decade. and drinking water for india's prout stricken city of chennai all else fails then bring in the precious cargo via rail. and then for one let's do business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting in shanghai only lasted a few hours in the americans said goodbye all they could basically agree upon was the next date in september in the us. if you pleasant smiles and exchange of niceties then u.s. trade representative robert light ties are in treasury secretary stephen minucci got down to business with chinese vice premier heard. there was little expectation of an agreement being reached before hand found the likelihood of that probably wasn't helped by the coinciding harsh criticism of china's economic policies by president trump one of his complaints that china makes promises but fails to follow through and beijing wasted no time in responding to a shot 19 shuffle me i think it's meaningless for the u.s. to purs

u.s. federal reserve today it's expected to lower interest rates by a quarter point to be the 1st rate cut since 2008 as been speculation about the probability of a conference week spurred on by federal reserve chairman jerome powers testimony before lawmakers in mid july in which he hinted that a cut could be on the white sheet the president or trump as being critical of a paid or raising rates. is what he told reporters at the white house yesterday. far too early far. from lot of work. that's going to. go to your i would like. like me to. want. done was. really i think was a big thank you. so much for the independence of the fed let's get the market reaction from our correspondents in frankfurt and singapore avatar starting with you is a cut actually warranted the u.s. economy is going gangbusters. well exactly and that's why it's the most debated but have some was debated in the past few weeks. because there are those who favor the following 2 words sluggish inflation in the u.s. despite good job numbers and also the need for an insurance policy what if it can only explode on globally w

u.s. federal reserve today the central bank is expected to lower interest rates by a quarter point it would be the 1st rate cut since 2008 that has been speculation about the probability of a rates count for weeks spurred on by federal reserve chairman general powell testimony before lawmakers in mid june in which he hinted that the cops could be on the way so his presence on the trump has been critical of the fed raising rates. now here is what donald trump told reporters at the white house only yesterday. for are you are we are here we. go out of it or we are. going to stop. here i would like. you are. like me we want. that you don't want that or you know very kind of thing i think was a big. day yesterday fighting the noise of the helicopter behind him and for more i'm joined by our financial market correspondent in frankfurt as he does trump wants a rate cut does he have a point will a rate cut today make him happy. and monica i think president trump is desperate to get cut this way or that way and the irony is that he may actually get one not because the fed reserve is going to be sway

u.s. federal reserve has not been able to create inflation.t what point does that become more permanent concerning echo what point do you start to think about how you invest long-term? michael: there has already been a menace treasury rally this year. -- a tremendous treasury rally this year. goes, the it likelihood of a future rally. i would be wary of the effect from my perspective. bonds are overvalued. i would be careful of that. the other question that comes to mind. my formative years with the late 1970's and early 1980's. i take a position of, be careful what you wish for with respect to crating inflation. the fed's inflation numbers are wo's.d the high one t that is a reasonable number for me. i'm not necessarily in the camp that they have to scramble to create inflation. i think when you start doing that, you crate a lot of tangential risk to the marketplace -- you create a lot of tangential risk to the marketplace. shery: let's talk about the debt. we continue to see the conversations over the debt ceiling. you were watching the char

u.s. federal reserve has cut its key interest rate by a quarter point to a range slightly above 2 percent now this is the 1st rate cut in a decade and a step for the u.s. central bank to counter several threats to the economy there's threats range from uncertainties that are being called by president donald trump's trade wars to low inflation as well as a not so good global outlook now the fed chairman jerome powell repeated the pledge to quote act as appropriate to sustain the expansion wording that the financial markets have interpreted as a signal for possible future rate cuts wall street did not immediately react to that rate cut and need to have been widely speculated. stephen beers from our business desk is here now and so stephen the decision i mean it has consequences everywhere doesn't it not just in the u.s. that's right brant what this does officially basically is make the u.s. dollar cheaper it makes money cheaper it encourages lending it encourages people to take out loans to spend that's the ideas that's meant to boost the economy that is traditionally why you lower interest

u.s. federal reserve has cut interest rates by .25%. president trump wanted a bigger cut.he reduction is in line with market expectations. you're watching "dw news." after a short break i will be back to take you through "the day." stick around for that. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] take at two am et. the federal reserve cuts its key interest rate by a quarter percentage the first rate cut by the u. s. central bank in over a decade. migrgrants on board a an italian coast guard v vessel are allowed to disembark this off to ititals hardline interioior mininister t assusurances. from the e. u. that france germany ireland luxembourg portugal would join the catholic church in caring for the group. and the israeli government grants p permission to build ovr seven hundred housing units for palestinians. as well as thousands of units -- for jewish settlers in the west bank the approval c

u.s. federal reserve investors are on tenterhooks ask the central bank could cut interest rates for the 1st time in levin india's to get some analysis from london. also coming up one of the world's biggest contributors to ocean plastic senegal plus a crackdown on 2 to supply imposing fines on further restricting plastic you just. want to get jones and this is a business thanks for joining.

u.s. federal reserve has cut interest rates by a quarter of one percent president trump wanted a bigger cut but the reduction is in line with market expect. you're watching news why but from a brilliant after a short break i'll be back to take you through the day stick around for the. much of it coming. to link to news from africa and the world or links to exceptional stories and discussions from own news a visit and while it's a devil to come snatch to come join us on facebook that g.w. for god. look closely. carefully. don't know the soon. to be a good. old fashioned. discover. subscribe to the documentary on you tube. the global tourist guide germany's booming capital i love berlin the scope of the multicultural metropolis in our duramax series the band i. like stories. i love even once i was a 6 and looks was like me inside says the 50 nations 50 story. and 50. personal tips on planes are very. differently on t.w. . the answer from germany no we will not be a part of a u.s. led naval mission to protect shipping in the strait of hormuz an act of defiance that reveals more weakness than s

u.s. federal reserve federal president this last time for hours? did it make a difference to market pricing and what you believe? esther: while we sought interest rate expectations to decline further, we do not think it make a fundamental change. the fed has already indicated they intend to cap interest rates at their july meeting. the big question for the u.s. market, will they continue to cut after the july meeting, or is it just a preemptive cut? to this extent, it did not give more insight. act indicated they want to early, but whether there are further steps coming is unclear. perhaps the more immediate impact on markets today is the ecb impact today and yesterday, we saw a big move in peripheral bonds. troubles in italy aside, we saw a little more movement in the bond market. what is the ecb's next move? esther: interestingly, the dovish comments on the fed might put pressure on the ecb to act sooner rather than later. the ecb is not that inclined to act because they don't have that or thattruments left, much firepower left. however, the fund

federal reserve board. earnings, they're important to individual stocks, guidance is important to the macro markets i don't think anything is as important more than the u.sfederal reserve. are you in the camp that we will get a rate cut at the july 30th federal reserve meeting? >> i'm not certain the market has fully baked in what the fed will do at the next fomc meeting. the market thinks we'll get a cut. i'm not 100% certain about that. i'm concerned about the fed, you know, needing to be independent and being independent, i think that they may surprise a lot of people and do nothing. they may keep rates unchanged. >> why do you say that >> you know, eventually heard chairman powell talk, i know him fairly well. >> personally? >> of course i think he's a person of great integrity but also wants to make sure the fed is independent. certainly there's pressure from washington and certain areas in washington >> i would say 1600 pennsylvania avenue is one of those areas applying pressure. >> i think he may want to remain independent, they won't want to be seen as bowing to political pressure >> do you think there's something to the school of thought which i

u.s. federal reserve. growing expectations the boj will need to increase stimulus.ez obrador is calling on the central bank to he spoke tost rate, bloomberg editor-in-chief john micklethwait in his first interview with international media since taking office. cautious aboute inflation. this is not a bad thing. this is not the wrong thing to do. i am not saying that. but it is important to lower the rate, to encourage growth. >> andrÉs manuel lÓpez obrador says president trump has toned down his rhetoric against mexicans. the nextnson was then few weeks pressing the european union to agree to a better brexit deal. the alternative, a kayak -- a kayak no deal divorce which is sent the pound to the lowest level against the dollar in more than two years. citigroup preparing to cut hundreds of jobs in this trading group, new evidence an industrywide slump in revenue this year may be permanent. will/jobs acrostics income and stop trading operation. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120

or end up in a stray ssion tries to put some pressure on the federal reserve but it is pretty unique how directly and how often and sharp u.s. president tries to put pressure on the federal reserve to get impressed by that. out for debate but we also shouldn't forget the federal reserve is not a one man or woman shoulders is a committee that makes the decisions but we also got the fed minutes here on wednesday and they showed that a couple of members already in june were kind of playing around with the idea of cutting rates already in june but it's really tough to tell if the fed members get influenced by the u.s. president or not but either way it looks like even as we are right in the middle of the longest economic expansion in the history of the united states we still got it or will probably get this rate cut by the end of the month and as we've seen in the past usually one rate cut doesn't come alone so once the federal reserve starts cutting rates there might be more cuts to follow thank you normal for me and quite a there on wall street thank you very much. staying with donald trump he said to order an investigation t

u.s. federal reserve are going to cut rates. we will get a weaker dollar which will result in all sorts of conditions at the ecb, which is why they are responding already with talk about cutting the bonds rate even further. david: u.s. employment has been the bedrock of the economy, but may numbers were disappointing, which puts more focus on what happened in june with expectations for a bounce back but still a somewhat slowing pace of jobs growth. >> here is a surprise. 224,000 jobs were created in june, well above consensus and a big rebound from may, which was revised even lower. 72,000 jobs from 75,000. >> it looks like rate cuts are off the table. 224,000. bond rate going up for quote, unquote, the right reasons. >> i don't think they are off the table yet. a lot of other data has been softening and even with this number as you look at the trend, it is still for slightly slower job growth. when you look at the pace of the economy, wages times the number of jobs times the amount of hours worked, that is still on a downward t

u.s. federal reserve decision later tonight or early morning tomorrow. rishaad: and also beijing. boj.are weighing in on the need for more easing. we've got a special guest. >> i have a very special guest, i am back here again with eisuke sakakibara, professor at the university in tokyo and former vice minister of finance for international affairs, not to the road as mr. yen. glad to have you back here. and in the midst of a very interesting time. we just had the bank of japan meeting, concerned with the yen meeting isis a sad followed with cutting of race. especially after the ecb says it will cut rates. what is the dovish tilt by the other two big bucks in the world, what does it mean for japanese policy? >> it will be a difficult time for government -- for governor kuroda. he has stated that he is ready to move when he becomes necessary. wanted to easean policy before the fed and the ecb. dust furtherast easing we become too much for governor kuroda. even with excellent generic stimulus, the yen is pretty strong from that if anything, people are concerned with it strengthening furth

u.s. federal reserve to cut interest rates. under normal circumstances, rate cuts usually send the dollar lower because it sends a signal that the economy is weakening. but currency traders do not believe that. the data have just been too good lately. in fact, the greenback spiked friday when we got that better than expected second quarter gdp report and this, of course, as jay powell of the federal reserve decides what to do about rates. as the dollar rises, the british pound falls to another two-year low on rising fears that a no-deal brexit is pretty much in the cards. to compare, five years ago, it took $1.70 to buy a single pound. new prime minister boris johnson and his cabinet made headlines over the weekend, saying that the uk is ready to depart the european union this fall without any deal to keep trade flowing between the continents. you see the pound at $1.22. mylan shares surging after the maker of epipen announced a combination with pfizer's off-patent medicines business. mylan jumping nearly 13% right now. the two

u.s. federal reserve. the u.s. fed is also thinking about its definition of price stability. it's a long process with a lot of consultations, so the ecb should do that also carefully because there is the real danger that inflation expectation does not react to a change in the price stability target >> that would be very bad for the credibility of the bank going forward. let's switch topics a bit and let's look at the economic situation in germany how much do you think are they worried in that tower behind us about deceleration of the german manufacturing activity >> not only the german, but the italian deceleration the eurozone economy is stuck at two speeds we have absolutely no recovery in the manufacturing sector. germany and italy are continuing to hover close to recession territory. personally i think it's fair to say that we have done what is asked by growth. for now we say 1.1% growth for the eurozone if you look at the incoming data, probably lower than that not very much, but somewhat. and the third quarter -- the eurozone economy would barely grow there is a danger

u.s. federal reserve has room to cut rates. what chairman jerome powell told the senate banking committee. he says the u.s. economy is still in a good place, but the central bank wants to use its tools to keep it there. >> central banks around the world are seeing weakness everywhere and they are providing more accommodation. we have signaled that we are open to doing that and you are seeing that in the curve. you are seeing that embedded in the united states interest rate curve. viviana: with low unemployment and consumer spending money, the richmond fed president said it is hard to make a case for a reduction, but he is concerned about winning business confidence. we spoke with him exclusively. ,> the first quarter was fine but the indicators for the second quarter are less strong. i don't see folks laying -- people laying folks off, but in the wayt leaning that they might in a strong economy. viviana: the front runner for facesk. prime minister widespread opposition to his plan. there is going to have to be a huge amount of e

u.s. federal reserve which will decide the course of interest rates and perhaps by tomorrow at this time thebetter part of a decade. we are waiting which is going to matter to you more. with john roberts at the white house following with the president thinks of the ongoing fed meeting. hillary vaughn in detroit. we begin with john. >> good afternoon to you. the fed expected to cut interest rates for the first time since the

u.s. federal reserve which will decide the course of interest rates and perhaps by tomorrow at this time the first cut in interest rates and the better part of a decade. we are waiting which is going to matter to you more. with john roberts at the white house following with the president thinks of the ongoing fed meeting. hillary vaughn in detroit. we begin with john. >> good afternoon to you. the fed expected to cut interest rates for the first time since the collapse of the late 2000s. tomorrow, quarter-point drop was expected but the big question is will jerome powell continue to cut interest rates or will tomorrow's cut be it? the president has criticized powell and complained long and loud that he raised interest rates to quickly last year which has put the united states in a competitive disadvantage by causing an overvalued dollar. the president says the united states can weather the current environment but that he wants more cuts. listen here. >> fortunately i've made the economy so strong that nothing's going to stop us. the fed could have made it a lot easier. i would like to see a

u.s. federal reserve see the need to act early to sustain growth. man richard clarida and john williams boosted u.s. stocks with dovish comments. that reinforced that the fed could cut interest rates later this month by as much as 0.5%. is no pressure on the bank of japan to boost monetary stimulus. the key inflation gauge falling again in june to a two-year low. excluding fresh food, consumer prices rising 0.6% in the past 10 months. the boj has an inflation target of 2%. it is another sign of the financial toll growing on boeing from the. the company is expected to announce an accounting charge with second-quarter results. that covers potential concessions for airlines that have had to cancel flights. it is entering its fifth month in the grounding. global news on air and on twitter powered by more than 2700 journalists and analysts in 27 countries. this is bloomberg. tom: thank you so much. it is a redux of what we have seen. chancellor merkel redoing the german line of a balanced budget policy. the budget was 4% of gdp deficit, it is now 1.70% of

u.s. federal reserve today. the u.s. bank is expected to lower borrowing costs by a quarter-point. that is the first reduction in more than a decade. the president's remarks are one of the most direct demands he has made of the independent central bank. stay tuned tonight for bloomberg's a coverage of the decision. shortkorea firing two range ballistic missiles off of its east coast. this is the second test in a week and comes ahead of the u.s. secretary visit to the region. mike pompeo is headed to bangkok. he does not expect north korea to attend. the makeup boom lost steam. sales in three months rose 6.8%. consumers in china listing -- lifting the company to its highest level of first cap growth in more than a decade. it also says it will buy back -- l'oreal says it will buy back and cancel shares in the second half of the year. global news 24 hours a day and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine? francine: thank you so much. cr

federal reserve. just 13 basis points of a cut from the bank of canada, and they are looking for a lot more than that from the u.s. federal reserve. let's take a look at the u.s.-dollar canada. the canadian dollar strengthened earlier on. right now we will see if that has changed postdecision. there we have it. we are recovering just a little of 131.10.s a bit ago, we crossed the 3000 fed for the s&p 500 on the chair's remarks. the 10 year yield at 2.06% right now. dq a day be interesting. q&a will be-- the interesting. we will see if that moves anything. terms of analyst action, deere is down about three quarters of 1%. it had a huge move higher over the last few months, up 20% or so. analysts saying maybe that is baking in the full valuation now. comcast up 2.1% on an upgrade now as well. guy: jerome powell is in the room. we will take you there very shortly. stoxx 600 up, the euro up come of the german two-year narrowing its losses on powell. it really is the only story this afternoon moving markets. the dollar is down, stocks higher, bonds a bigger move in the united states then here in europe, but the gravit

u.s. federal reserve as well.n terms of setting their mandates, i'm less concerned madame lagarde doesn't know the plumbing of money markets in europe she has a whole institution that can understand that. and i think what is going to be important going forward is that a greater coordination if you like between monetary and fiscal politician one things that have been highlighted is they can't just be about monetary policy i think she'll be more effective potentially in pushing for some relaxation of fiscal policy. why on earth is germany not borrowing money when they can borrow negative rates. surely it has investment opportunities that can generate positive return. so we do need some fiscal easing and i think she'll be quite effective at delivering that message. >> you'll get the inevitable pushback from italy. and also from greece with the new democracy. let's see what they go back to brussels with vis-a-vis those surplus targets. thank you very much. >> thank you >>> david riley chief investment strategist >>> a

u.s. federal reserve has cut its key interest rate for the first time in over a decade.hair jerome powell says the move is to deal with uncertainty in the global economy and low inflation in the u.s. the target range of the benchmark rate is set at 2 to 2.25%, down a quarter of

u.s. jonathan: federal reserve month end, 50 basis point cut, 25, or nothing at all? gershon: 37.5.lle: 25. lisa: 25. jonathan: why do you keep misbehaving every time you come on the show? gershon: you keep inviting me back. jonathan: i have no idea why. this is bloomberg "real yield." ♪ >> it was a triumph of social media marketing, a feel-good exuberance mob in new york's iconic grand central station. at the dawn of the instagram age. remo: there is media in general. it's not anymore newspaper, magazine, tv, radio. today's media means you have to attract community. we really have to talk with them every day. >> when moncler's chief executive, remo ruffini, staged his new york spectacular, sent

u.s. federal reserve as saying he is trying to undo economic growth in the united states. >> the record israised 100 basis points from march. >> he is trying to do what he thinks is the right thing. he is not trying to undo and hurt the economy. >> look, it was either a rookie mistake or he is not fit for the job. he is not an economist. that's for sure. 100 basis points hikes, the dollar goes up by 8%. and it's going to cost half a point of growth or more and hundreds of thousands of jobs. that's not goods for the american people. i think he's got the message. wall street huss given him the messages. his member of the board of governors have given the message. the president has given the the message. he has dovish today. >> do you think part of the problem is the sanctions on the trade war that you all have -- the talk that you've been doing caused the economy to weaken and caused powell to have to move the other way. >> so the economy has not weakened. >> would you consider that that's the way it's going. >> there is nothing to suggest that the economy has weakened. we had record numbers

u.s. taxpayer and federal reserve in the u.s. is. reacting accordingly by trying to push up interest rates and the president is fighting that for political reasons so ready there's a lot of forces at work here but you know 10 years ago we had a tremendous calamity in the global ready economy that was devastating to the global auto industry and 10 years on a lot of these companies have added frankly too many jobs. and jobs in the wrong places take forward through example they are doing a global cutback in white collar jobs but they're also at the same time they're adding jobs in certain technological areas because they find that they have too many people trained for the wrong things so there's a bit of a rationalization going on in the case of nissan however what we've got is a difficult transition that that company's going to face post carlos gomez and the fact that nissan does not have a very strong brand image globally it there's not a lot of there with nissan to hold the consumer in toyota and honda they have wonderful reputations