u.s. federal reserve has lowered its benchmark interest rates for a 2nd time this year u.s. president donald trump says the cost is too small but fed chief jerome powell says it's just what is needed for the world's largest economy. some had expected more from the u.s. federal reserve and want the central bank head to room poll held his own and lower the benchmark interest rate by $25.00 basis points today's decision to lower the federal funds rate target by a quarter percent to 1.75 percent to 3 percent is appropriate in light of the global development or mentioned as well as muted inflation pressures as expected u.s. president trump was quick to react to the decision he tweeted jay powell and the federal reserve fail again no guts no sense no vision a terrible communicator. trump recently called for the interest rate to be lowered to 0 percent he wants to prevent an economic slowdown in the lead up to the presidential election next year but the economy is doing well the unemployment rate is very low at 3.7 percent the u.s. economy has continued to perform well we are into

u.s. federal reserve has no surprises for investors it cut interest rates as expected but left them guessing its further steps later this year the lack of clear signs also upset president donald trump will have the details. also on the show the federation of german industry speaks up against a hard break said and urges london to stop what it calls disturbing politics. for business on the w. i am here yet i guess it's good to have you with us they u.s. federal reserve has lowered its benchmark interest rate for a 2nd time this year the central bank hopes the quarter percentage point cut will help cushion the u.s. economy against a global slowdown worsened by the u.s. china trade. war the move could help strengthen business fixed investment and exports which the fed says have weakened the u.s. central bank has also faced intense pressure from president donald trump to cut rates i mean washington's undoing trade war with beijing. and for more on the subject we're now joined by w.'s financial correspondent on wall street jose luis de odd office of research good to see you now the markets briefly

u.s. federal reserve has lowered its benchmark interest rate for a.

u.s. federal reserve what will the central bank doing to myself the u.s. budget deficit topping one trillion dollars. also on the show that wrigley. markets could revolutionize the way we feed the world. well come to think of your business. all prices hit a 4 month high following drone attacks on the world's largest crude oil processing plant in saudi arabia over the weekend it was the biggest intra day gain since the gulf war in 1901 brant crude initially shot up 19 percent before retreating to around $67.00 u.s. dollars a barrel still up 10 percent from last week the u.s. senior official blames iran for the attacks president said on sunday the u.s. war was locked and loaded for a potential response trump also approved the real release of humor as oil reserves these are the images that have sparked political and economic turmoil around the world saudi arabia has largest oil refinery up in for.

u.s. federal reserve has lowered its benchmark interest rate for a 2nd time this. here the central bank hopes the quarter percentage point cut will help cushion the u.s. economy against a global slowdown worsened by the us china trade war the move could help strengthen business fixed investment and exports which the fed says have weakened the u.s. central bank has also faced intense pressure from president donald trump to cut rates amid washington's ongoing trade war with beijing. and for more on the subject we're now joined by w.'s financial correspondent on wall street jose luis they are the office of reasons good to see you and the markets briefly went down and this announcement why when a rate cut was so highly anticipated by investors. i would say happier because of the division inside of the federal reserve own wanted to do next it is important to highlight that 2 board members of the boeing c. did not support the rate cut as the top into in july well and although wanted an even deeper ocado 50 basis points this equation leaves investors and gives a new world

u.s. federal reserve had no surprises for investors it cut interest rates as expected but left them guessing its further steps later this year the lack of clear signs also upset president donald trump will have the details. pulse on the shoulder federation of german industry speaks up against the heartbreaks it urges london to stop what it calls disturbing politics. for business on the w. . it's good.

u.s. federal reserve has lowered its benchmark interest rate for a 2nd for the 2nd time this year the central bank hopes the quarter percentage point cut will cushion the u.s. economy against a global slowdown the fed has faced intense pressure from the president to trump as he pursues a trade for or against china. as far as the school in liberia has claimed the lives of at least 26 children and 2 teachers the blaze of the boarding school near the capital monrovia broke out at night while the children mostly police spokesman said only 4 people including the school's ima escaped. at least 9 people have been wounded in an attack on a government building in eastern afghanistan militants detonated explosives before gunman entered the building in the provincial capital john about afghanistan is on high alert as the presidential election approaches there has been no claim of responsibility. now to israel where the prime minister benjamin netanyahu future as the country's longest serving prime minister is hanging in the balance with almost all the votes counted after tuesday's election his right win

u.s. federal reserve which meets this week the fed cut interest rates for the 1st time in a decade at its last meeting engine i trade uncertainties and rattled investors the fed's under chairman jay powell looks set to follow the european central bank and cut rates by a quarter percentage point powell does not expect a recession but says economic headwinds growing donald trump has been using his twitter feed to repeatedly to mount a more aggressive monetary easing. so what does the financial world expect from the fed this weekend meeting chief economist at bamberg bank good to have you with us interesting though this meeting happens as the u.s. budget deficit is topping one trillion dollars due to tax cuts increased government spending how will that influence the fed's decision probably not very much the felt looks at the economy the economy is growing but there are signs of significant weakness in the manufacturing sector and just to be on the safe side that the manufacturing weakness does not spread to other parts of the economy the fed will cut rates now used present on a tramp of cour

u.s. federal reserve does this week with interest rates could heavily impact wall street. expected to cut interest rates by a quarter point. friday the dow posted the eighth straight gain, rising 37 points. it was a mixed finish. the s&p 500 fell two, and the nasdaq lost 17. >>> there could be changes to the way boeing operates in the wake of two deadly crashes involving its 737 max jets. "the new york times" reports a committee of boeing's board has been looking at how the aerospace giant could design and build safer airplanes. the recommendations reportedly include changes to boeing's organizational structure. the creation of new groups focused on safety and possible changes to the way future cockpits are designed. the committee is expected to deliver its findings to the full board this week. >>> the curtain has closed on moviepass. the movie ticket subscription service shut down on saturday. it underwent several changes to its pricing structure and business model but kept hemorrhaging money. the parent company of moviepass said its efforts to seek financing have not bee

u.s. federal reserve poised to cut rates thi month, there is a chance that bond yields and investors belief in stocks overshot to the downside in augu this doesn't meanol theility is over, but perhaps wall street next jolt, wherever it might come from. for "nightly business report," i'm mike santoli at the new york stock exchange. >> so as the market heads higher, what should you be watching? joinin us is barryjames, president and portfolio manager at james investment research. s nice t you again, as always. >> it's great to be with you. >> what about mike's final point, that maybe m thisket is better prepared to handle the issues that haven't gone away yet, the fed and interest rates, brexit and the trade war? >> yeah, we've had a chance to digest it, i think. mike's point about sentiment being off right now, not too bullish, is a good sign that people have already maybe hit the exits that needed to hit the exits and g itesoom for the market to go high. you know, you were talking about getting up to nhi s. shh, don't tell anybody. let's keep it between ourselves njso we can it. >> yeah, bu

u.s. federal reserve cut interest rates today for the second time since the financia crisis of 2008. the cut of a quarter of a point comes as the fed tries tgo to the u. economy against trade wars and slowing global growth. president trump was quick to take aim at his fed chief, again saying that had no guts, no sense, no vision. the u.s. hostage negotiator robert o'brien is to become president trump's new national security advisor. he replace sacked last week, and is the fourth persoto hold the job in the last three years.a in banning electronic cigarettes completely. it will come into effect immediately and covers the sale and distribution of e-cigarettes d other similar products the cabinet concluded they pose a health risk especially for young people and are being used as atyle statement. you are watching "bbc world news america." still to come on tonight's program, greta thunberg brings her message to washington, urging lawmakers to act on climate change. laura: a 10-year-old woy from russh a passion was good morning could only dream that his idol tony wk would take notice of hi

u.s. federal reserve to create a standing means for intervening in money markets to the fed intervene for a 3rd straight day to inject $75000000000.00 of liquidity in the early hours of thursday the fed again had to act to ease tightening and then over subscribed overnight option the market for repurchase agreements or the repo market is a core correcting mechanism of the modern banking system in which banks finance their overnight credit needs on a daily basis the fed was forced to take action of the type not seen since the aftermath of the 2000 a global financial crisis or watch the federal funds rate which the fed is supposed to manage rise out of the fed's target range and fundamentally undermine confidence in the fed's ability to perform its primary function the fed announced. the thursday action on wednesday afternoon but many players were still unsettled by the recurring anomaly in money markets. and joining us now to clarify and resolve all apparent economic anomalies and irregularities is jeffrey tucker of the american institute for economic research jeffrey very interesting time

u.s. federal reserve to inject money into the system. this is activity time they've had to do it since the crisis in 2008. it sounds wonky, but what happened here. repos, which are short-term loans used by financial institutions like banks hit 5% on monday. they spiked 10% on tuesday before the feds stepped in. they called it an overnight repo operation where it temds to ease markets. the goal is to pump money into the system to keep borrowing costs to keep from creeping above the fed's target range. it's unclear what's causing the stress in the market or how long it will last. the feds will conduct a similar operation today to help keep that in its target range. >>> president trump said he'll add $20 million to his 2020 effort. it was marked by clashes on local and national issues. trump criticized los angeles and france saying the cities are destroying themselves and suggested he may step in despite opposition from state leaders. the white house also signaled an environmental clash on emissions standards. kaitlan collins traveling with

u.s. federal reserve is likely to cut interest rates for a 2nd street meeting, but policy makers may be reluctant further meeting, but policy makers may be reluctant to forecast further cuts. that's according to a bloomberg survey of economists. president donald trump may not be happy with another quarter-point cut. last week, he called fed policymakers "own heads. he said -- policymakers "boneheads." he said policymakers should scrap rates to zero. revoking california and mission standards would have a major impact. several other states follow its lead. ofy represent about 1/3 automakers. israel, neither non-yahoo benjamin -- neither benjamin netanyahu nor rival benny gantz can form a coalition government. in india, the government agrees to ban e-cigarettes. the manufacture, sale, and import has been prohibited. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm's of the our tonto. -- i'm viviana hurtado. this is bloomberg. guy: thank you very much indeed. we are waiting for the saudi press conference in

federal reserve on hold here? or being more aggressive in rate cuts play into how gold is going to perform >> it absolutely does. not just the u.sderal reserve but also the ecb. we're seeing negative interest rates. gold has been viewed as nonyielding asset class. that's striking a lot. >> spriedsingly that treasuries, long term treasury up 7.5% how long is that going to continue we have been playing the end of the game for a long time. is this a blow off top finally i have to ask. >> i think this has tocome to an end. if you look at it after inflation you are not getting any sort of yield. this is purely a defensive move. >> b.o.j. looking to steepen the yield curve doom. i think lower tlt. >> thank you for joining me. for more, don't move our live show starts at 1:00 p.m. sharp. we'll get more on what's ahead for the fourth quarter with wirhind. you won't want to miss that. >> thanks. bob pisani, options bulls alimrertisacarm rr and energy. "hfte po" bk in 30 seconds. >>> bristol-myers is up more than five percent and bullish options traders are betting that the bounce can continue. john is joining us from chicago with more. p

u.s. federal reserve cutting interest rates yesterday by 25 basis points again.powell singh moderate policy moves should be sufficient to sustain -- saying moderate policy moves should be sufficient to sustain extension. he admitted weakness in global growth and u.s. trade policy are weighing on the economy. >> trade developments have been up and down. in any case, they have been quite volatile. we see those risks as more heightened now. we will be watching that carefully. we will also be watching the u.s. data quite carefully and we will have to make an assessment as we go. >> the fed making it clear it does not want u.s. money market rates to spike again. it will inject cash into the system for the third day in a row. jamie dimon shrugging off the turmoil. he says it is not a significant problem and will only be a problem if the economy weakens. norway's central banker delivering a rate hike. it also puts it at odds with most other global central banks. economy is to cool an stoped by oil investments. norway's benchmark rate is at the highest level in almost fi

u.s. the federal reserve has lowered its benchmark interest rate for a 2nd time this year the central bank saying it hopes the quarter percentage point cut will help cushion the u.s. economy against a global slowdown that is being worsened by that u.s. china trade war the move could help strengthen business is fixed investment and exports which the fed says have weakened the u.s. central bank has also faced intense pressure from this president donald trump to cut rates amid washington's ongoing trade war with beijing as we said. are for more of this now we want to go to was that he was standing by for us on wall street good afternoon to you i was am what is this move tell us about the state of the u.s. economy if we need a 2nd rate cut this year. so. for now it seems that the economy the u.s. economy is still pretty resilient if we take a look to the new projections from the federal reserve actually day upgraded the g.d.p. numbers have for deeds year the u.s. economy is going to grow around 2.2 percent unemployment rate it's going to still around 3.7 percent and it seems that that there ar

u.s. reserves if necessary. the federal reserve will hold two-day meetings starting tomorrow.urdue pharma has filed for bankruptcy. just last week the maker of oxycontin struck a deal with two dozen states. several states are opposed or have not committed to the deal. they claim the sackler family aggressively marketed pain killers. boeing's board is expected to get a recommendation to improve the safety of their planes. "new york times" include changes include putting in a new safety group and building safer cockpits. back to you. >> thanks. >>> coming up the latest on the breaking news we're following. a major freeway shut down after a propane truck crashes. mike is tracking that. >> i'm tracking the progress. we're also tracking how you can make progress past the scene. i'm going to suggest a longer route, but much safer. it's pretty wet out there. >> we've seen the rain moving through for areas further to the north. a round of rain that will roll through the bay area. more on this coming up next. >>> good morning to you. we're looking live over freemont there. that's some

u.s. president on the federal reserve which is to decide on its monetary policy next week all right chris cuomo as always thank you. here are some of the other stories now that are making headlines around the world israeli prime minister benjamin netanyahu met with russian president vladimir putin today the 2 leaders reportedly discussed military cooperation they've managed to warm up relations in recent years despite russia being a key supporter of iran which israel regards as an existential threat to eastern spain has been battered by severe rain and flash floods forecasters are predicting the most rainfall in a century in the valencia region the rain caused a major river to burst its banks and in neighboring because the idea of region an elderly couple died after floodwaters flipped over their car italy's new government says it has reached a deal with each new countries to settle migrants aboard a french charity ship in its waters. viking ship is carrying 82 people rescued off the libyan coast this week the previous government closed the country's ports to vessels carrying my. vaccinat

u.s. economy is the federal reserve is there is a standby. that is why the s&p is near all-time highs. we think the fed can save the u.s. economy, whether we are in an insurance world are about to head into a u.s. recession. from the markets and a repo perspective, i think the fed is not taught a where's -- unawares some articles- are suggesting we need a three hundred billion dollars to $500 billion repo issue to satisfy the credit which tells you and i the world is short dollars. francine: does that mean we could see a similar move on repo or somewhere else, something that hurts the markets? neil: i do not know if there is a whale that is dead like into thousand seven or 2008, but it tells us this $15 trillion of is starting tot feel some of the pressure and is feeling the pressure of the u.s. raising rates. thisnk at the margin, rolling of this debt through emerging markets is exacerbated by argentina, is making people more cautious in funding the world in dollars. we have a professor from columbia university, her cv of looking at trade and public policy is extraordinary. a few year

u.s. federal reserve.t of that maybe that what is different this time is the defense is actually the most expensive it's been since 1970. four accounting for things that are different this time on the negative side, we also have to account for things that are different this time on the positive side. lisa: so defensive sectors might be pretty expensive historically speaking. what is the most undervalued sector, in your opinion, right now? stephen: it is a question of the way you talk about value --denise: it is a question of the way you talk about value. there is relative value, which i find more predictive, and then there is relative value that has been predictive in the past. when you ask me how i think about what is undervalued, i think that predict of component on a relative basis. he rising that financials are a unique opportunity. they are back down to the fourth percentile, relative forward pe or relative trailing pe, through the history of looked at since 19 622. that carries with it 70% odds of ou

u.s. interest rates leads our leads our global report today as the federal reserve unveils an expected quarter point interest rate cut the 2nd in 2019 after 2 days of policy meetings a federal open market committee of the u.s. central bank said it would lower the target rate for the benchmark federal funds rate to between 1.75 percent and 2 percent in a policy statement the fed committee reference quote the implications of global developments for the economic outlook as well as muted inflation pressures as reasons for the cut 7 of the 10 members of the f o m c voted for the new policy while the fed was meeting it has been an interesting week for the overnight funding market as interest rates temporarily rose as high as 10 percent for some transactions on monday and tuesday the uncommon rate jumps cause u.s. central bank to rein them in stabilize the markets by wednesday morning. and while the u.s. central bank makes their latest policy moves their counterpart in the european union is marking an official leadership transition on tuesday christine legarde officially became the new president of t

u.s. federal reserve to permanently fix problems in the funding market.o operation, the fourth in a row. market participant saying the fed needs to come up with a long-term solution. the houston, texas area is reeling from the effects of the tropical storm, more than three feet of rain inundating the area. houston's biggest airport is closed and will reopen this afternoon. 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 am viviana hurtado. this is bloomberg. tom: very good. amazon and bezos on the efforts a private company will do on environmental efforts. government has agreed to a plan on greenhouse gases. the backdrop is protests. they are not like hong kong butests or brazil protests, nevertheless, protests in berlin in celebration of this climate change. matt miller will have more in a bit. wereine: we knew there all-night negotiations. saidke to an analyst who this could be a turning point for the stimulus package because if they look at electric cars and ene

u.s. president on the federal reserve which is to decide on its monetary policy next week all right because there were as always thank you. vaccinations have been one of the greatest successes of public health saving an estimated $2500000.00 lives every year but bax a nation rates are in the cloth leading to outbreaks of preventable diseases all around the world it is a problem that will be addressed today and tomorrow by the global banks an asian summit which is taking place in brussels. not too long ago laughter filled this fisherman's family home in madagascar. but now the family is trying to cope with their grief they lost 3 children in january due to a measles infection they couldn't afford to vaccinate them play with. their corn and it was all goes we'll but we didn't expect that they might die if they didn't get vaccinated but the fact that they were not vaccinated will kill them. madagascar is struggling to contain its worst outbreak of measles in decades amid a desperate shortage of vaccines the highly contagious illness increases susceptibility to other diseases and can cause blin

well officially nobody says that the federal reserve reacting to the harsh words from u.s. president donald trump him at all by the way on wednesday he did call the members of the federal reserve a bonehead but it seems to be a certainty that interest rates will be cut next week when stay very likely by 25 basis points we see hardly any inflation here in the united states and we do see some signs of economic growth especially in the manufacturing area and that's why the probability is basically at 100 percent that the fed is going to cut rates 2 and scored in new york thank you. u.s. soybean farmers are among those hardest hit by the u.s. trying to trade war as china is hitting their products with hefty retaliatory terrorist among those profiting from the ongoing dispute are soybean farmers in crushers in argentina for the 1st time in decades they'll soon be allowed to export to china. what china has been the top fire of wrought in time soybeans it has long resisted opening up to soil meal and tinian industry insiders say the u.s. china trade war helped make argentine saw e-

u.s. president on the federal reserve which is to decide on its monetary policy next week right because there were as always thank you. are here some of the other stories now that are making headlines around the world beijing has some of the german ambassador after germany's foreign minister met with hong kong democracy activists just so long in berlin this week beijing in kucing germany of meddling in its affairs and it has warned that the high profile meeting will damage bilateral relations is strong urged world leaders to back the ongoing protests in hong kong dozens of people have been killed in a train derailment in the democratic republic of congo the dead are reported to be stowaways who were riding the freight train when it went off the tracks it happened in the province of tanganyika that the r.c.c. has seen several deadly rail incidents in recent years blamed on aging equipment. the new u.s. ambassador to the united nations has taken her post kelli kraft was previously u.s. ambassador to canada takes over after a 7 month vacancy in the position is perhaps a pledge to push for you we

u.s. reserves if necessary. the federal reserve will hold two-day meetings starting tomorrow. the fed is likely expected to cut interest rates. purdue pharma has filed for bankruptcy. this is under the weight of thousands of lawsuits. just last week the maker of oxycontin struck a deal with two dozen states as well as lawyers for other plaintiffs. several states are opposed or have not committed to the deal. they claim the sackler family aggressively marketed pain killers and misled doctors and patients and the associated risks. boeing's board is expected to get a recommendation to improve the safety of their planes. that's following the crash of the two 737 max jets. "new york times" include changes include putting in a new safety group and building safer cockpits. boeing reported a sharp drop off in aircraft production. back to you. >> thanks. >>> bad news for one bride in san diego when a nightmare in her sleep became a nightmare in real life. jenna evans said she dreamed she swallowed her ring. when she woke up, she realized it wasn't a dream. she swallowed her 2.4 karat d

u.s. reserves if necessary. >>> the federal reserve will hold a two-day meeting starting tomorrow. the fed is expected to cut interest rates. >>> purdue pharma has filed for bankruptcy under a mass amount of lawsuits. they struck a tentative deal to resolve cases with two dozen states. several states are either opposed or have not committed to the deal. they claim that purdue and its owner the sackler family marketed pain killers and misled doctors and patients about the risks. >>> boeing's board is expected to get recommendations to make anges to their planes. "the new york times" report it's building a new safety group and billing safer cockpits. back to you. >> thanks much. >>> so drivers in san francisco should brace for extra traffic this weekend because oracle open word begins today. the four-dayech conference is happening and some 60,000 people are expected to be there. howard street is staying open. some lanes surrounding the area may be closed. event organizers are urging drivers to use different routes. the conference lasts through thursday. >>> another reminder, during m

u.s. takes any military action. >>> the federal reserve is rate goes down t rates. to a range of 1.75 to 2%. low inflation as reasons for the cuts. u.s. stocks fell right after the cut was announced, but rebounded by the closing bell. dow up 36 points. nasdaq down 8 points. s&p fell 1. >>> today, teen climate activist getta tune berg testified on capitol hill. the 16 year old and other youth are urging congress to step up and protect the planet. >> i don't want you to listen to me. i want you to listen to the scientists and then i want you to take action. we need to inform them and start treating this crisis like the emergency it is. then i think people will understand. >> after the hearing, members of let the youth be heard and some lawmakers gathered on the steps of the u.s. supreme court. on friday, young people around the world are planning a global climate strike and tuneberg will address the un climate action summit next week. >>> some cafes in berkeley are trying to cut down on the of e away. a reusable cup program launched today. cafes lend reusable cups to t

u.s. central bank the federal reserve which as expected lower the target range on the key federal funds rate by $25.00 basis points wall street seems to be giving another thumbs down on the rate cut so looking at this let's go to. let's go to the jay powell will explain the fed's choices they're cutting rates to boost the economy but here's what a poll said recently about the state of the u.s. economy. so we're not forecasting we were expecting a recession as i mentioned incoming data for the united states suggests that the most likely outgoing outcome i would look for the united states economy is still moderate growth a strong labor market and inflation continuing to back up i went through the numbers so the consumer is in good shape and really there's there's. or or main expectation is not at all that they'll be a recession. and we've identified this disconnect before but mr powell says there's no expectation of a recession so then why the rate cuts we've been over this contradiction before but it's becoming quite glaring and i have to wonder how much longer can mr powell try to square his

u.s. and china have agreed to trade talks next month as we just heard the federal reserve chief says the u.s. economy is in a good place, so what are those fears of possible recession, mitch roschelle joins us, business development leader at waterhouse cooper. all the fears, yes, it's slowing a bit, what's the likelihood it will get back? >> economies are reciprocal, they'll be a recession and the question is when and the media had been talking recession because seemed like one or two economic data points that weren't as good as they had been for the last 10 years, but if you look at the job's report, still created 130,000 jobs, this late in recovery, big chunk of that was from the government with the census and then unemployment rate was 3.7%, 50-year low, so if you look at the preponderance of the economic data it's positive and doesn't look like anything is shining red that recession is around the corner. eric: the president said that the economy is great and recession fears that the media rooting against him, is that factual? >> we hit 10 years which was the longest we'd ever had in econ

stories we're following for you have to sign or the new york federal reserve bank says it will inject 75000000000 dollars a day into the u.s. financial system for the next 3 weeks as a tries to prevent a spike in short term interest rates u.s. banks have struggled in recent days to find the cash needed to meet core capital reserve requirements that has pushed up short term borrowing rates sharply. india's government announced a major cuts to the corporate tax rate companies in the country will now pay tax at 25 percent instead of $35.00 a cut is aimed at boosting growth and encouraging investment in just the 2nd fastest growing major economy in the world after china but in recent months the pace of expansion has slowed. while climate activists around the world still have a hard time convincing climate change deniers the phenomenon is already very real in many parts of the world the region around morris yeah in the southeast of spain is considered europe's vegetable garden but a week ago a year's worth of rain fell in just 24 hours with disastrous consequences. it was the worst flood in 100 years and the destruction can sti

u.s. are waiting to find out if the federal reserve will cut interest rates for a 2nd time this year factors affecting the decision include the outlook for global trade and the potential disruption to the old luck of course by the attacks on the refineries in saudi arabia. and that's it from me and. yeah and check out our web site for more stories as t w dot com slash business here's a quick fast global markets at this stage. it's time to fix the forests. climate change and pretty timber companies have taken a toll on forests all around the world. and new forest management techniques prevent a catastrophe. modernizing a key part of the earth's environment. made in germany and 39 w. . entering the conflict zone with tim sebastian. i'll be challenging those in ca asking tough questions demanding. as complex intensify i'll be meeting with keep players on the ground in the senses of. cutting through the rhetoric holding the powerful to account facts the conflicts. conflict zone with jim sebastian on t.w. . take it personally you went with all the wonderful people in stories that make the game so

u.s. are waiting to find out if the federal reserve will cut interest rates for a 2nd time this year factorsaffecting their decision include the outlook for global trade and the potential disruption to the all month of course by the attacks on the refineries in saudi arabia kuwait. has said from the end of business. and. all websites for more stories as to. slash business here's a quick ask global markets at this stage you. the adventures of the famous naturalist and explorer. too soon will bring to the public some dough from him bones from 250. morning on the floor each of discovery. expedition in boys. don't play. to the foot is the game here for delta. flights to talk about. this song coverage. 3 more for. us a little we have one let's have a look at some of the other matches around the league still shaking in their boots the brief a sigh of relief so you don't want to miss a. t.w. . i'm not laughing at them. just sometimes i am but i stand up and whimper 7 minutes thinks even for gemma culture looking at the stereotypes the question to me is think the future of the country that i'm playi

u.s. economy is still pretty resilient if we take a look to the new projections from the federal reserve actually day upgraded g.d.p. numbers have for d.c. year the u.s. economy is going to grow around 2.2 percent unemployment rate it's going to still around 3.7 percent and it seems that that there are not pretty be inflationary pressures since core inflation core p.c. inflation it's going to be around 1.8 percent so it seems said that the defendant is still doing some kind of psycho are just minutes and they are not looking forward for a recession or a bigger slowdown in the near future chairman powell said dog ready to be aggressive if necessary but it seems that right now there is no fear of a slowdown coming anytime soon yeah and when you can compare contrast that to what the european central bank is doing the the u.s. fed is not doing a what we know the president's wrong he's not happy with with the policy years. no absolutely not he already tweeted about these a decision but we have to. have in mind the fed it's independent and that monetary policy decisions are not made just by only one pe

other business stories that we're following for you the new york federal reserve bank says it will inject 75000000000 dollars a day into the u.s. financial system for the next 3 weeks as it tries to prevent a spike in short term interest rates u.s. banks have struggled to recent days to find the cash needed to meet core capital reserve requirements that has pushed up short term borrowing rates sharply. u.s. president donald trump has announced new sanctions on iran over its alleged involvement in attacks on saudi arabian oil production facilities the sanctions target iran central bank and sovereign wealth fund. japan and the u.k. have signed an agreement to ensure business continuity after brics it the british international trade secretary has been meeting with jennifer mees foreign minister in tokyo 2 countries say they're closing in on a deal for when the u.k. is outside the e.u. will. come out funk is planning to cut $4300.00 jobs and close around $200.00 of its branches germany's 2nd biggest lender said in a stock exchange statement the losses where quote unavoidable the cuts will be partially offset by the creation of 200

central bank in china could save economic hitth, if tariffs were to china, more so than the federal reserve in the u.s. is that correct? >> i do think they have an impact. the fed ammunition is limited, although the fed can also bring in unconventional measures. the question is how effective that could be. i agree, we need to see a fiscal response at some point. measures the fed could invoke could be limited in nature. obviously, monetary policy has played a role in china's easing, but china has already eased dramatically on the fiscal front, and to some extent on the credit front. that is a more recent development. if you look at china policy holistically, they are in a better place than a year ago. theave some stability in data, including the latest round of pmi in august. i would argue the policy in china is already playing his role in stabilizing, putting a floor under activity. if anything, we face more downside here in the u.s. i was curious about your thoughts on what powell had to say about libra, that it could become systemic pretty quickly. anything of interest to you there? mike: nothing ne

u.s. deal. >>> donald trump has again hit at the federal reserve in a tweet, the u.s. president requested whether the fed would get into the game following the recent stimulus in china saying, quote, dollar strongest ever really bad for exports adding, they can't believe how lucky they are that jay powell and the fed don't have a include before that interest rate drop and stimulus is needed >> trump interventions is among the factors involved u.s. reserve is expected to cut rates. changes to language and the number of decenters against a back drop of an ongoing trade dispute with china and surprise oil shock. it is important to note while the markets are expected to improve, chances are rising of no move with markets assigning a 34% probability of the fed staying put. >> the other way to look at that is that is almost more than 60/65% of that market point. that does tell you the market has pulled back a lot. on the back of better data even yesterday, looking at the university of michigan, we had capex fall by 19 points. employment painted a strong picture in the u.s it

the main concern that we had last year was the federal reserve was taking the u.s. economy potentially off-track. that uncertainty about quantitative tightening, the fed planning rate hikes 10 through 13 for 2019, those were all very big issues that hampered liquidity at the end of the year in a very big way. the outlook for monetary policy has come nearly full circle. there's a lot more worry in the market place right now, and global interest rates have hit all-time record lows, while more and more central banks are easing. i think there is a path in 2024 recovering in manufacturing and some cyclical repair. i would not think that a downturn is our base case view at all, or that share prices are going to drop from here. but i think policymakers across the board have to be careful at the moment. guy: are you surprised that in the third quarter, stocks have held up so well? we are trading their records. we had a very bumpy august, but july and september have been pretty solid. we are kind of finishing where we started. nevertheless, all the headwinds at up to quite a

brent: the federal reserve has lowered its benchmark rate for the second time this year. a quarter percentage cut is hoped to cushion the u.s. economy against a global slowdown which has been made worse by the trade war. the move could help strengthen business investment and exports, which the fed says have weekend. the keybank has faced intense pressure from president donald trump to cut rates. for more on this, we want to go to josÉ who is standing by for us. good afternoon to you. what does this movie tell us about the state of the u.s. economy? jose: for now, it seems that the u.s. economy is still pretty resilient. if we take a look at projections from the federal reserve, gdp numbers for this year say the economy will grow 2.2%. the unemployment rate will be around 3.7% and it seems that there are not big inflationary pressures, as core inflation is going to be around 1.8%. it seems that the fed is still doing some kind of midcycle adjustments. they are not looking forward for a decision or a big slowdown in the near future. chairman jerome powell said it is ready to be aggressive if necessary, but it seems that right

u.s. interest rates leads our leads our global report today as the federal reserve unveils an expected quarter point interest rate cut the 2nd in 2019 after 2 days of policy meetings a federal open market committee of the u.s. central bank said it would lower the target rate for the benchmark federal funds rate to between 1.75 percent and 2 percent in a policy statement the fed committee reference quote the implications of global developments for the economic outlook as well as muted inflation pressures as reasons for the cut 7 of the 10 members of the f o m c voted for the new policy while the fed was meeting it has been an interesting week for the overnight funding market as interest rates temporarily rose as high as 10 percent for some transactions on monday and tuesday the uncommon rate jumps cause u.s. central bank to rein them in stabilizing markets by wednesday morning. and while the u.s. central bank makes their latest policy moves their counterpart in the european you . in is marking an official leadership transition on tuesday christine legarde officially became the new president of

u.s. stocks. this is on the s&p 500. what we do know is the federal reserveade it crystal clear it does not want the u.s. money market rates to spike again. these repo rates, put simply, are a very brief borrowing opportunity. one strategist referred to it as a pawnshop for big banks and financial firms where they could get very short-term loans in the money markets. when it does spike, it can present a threat to spill over to the fed funds rate, which makes it problematic for the fed, so they are using a tool they have used in decades past, have not used it for a while, to get in on a daily basis and sort of manage it. they are getting it again in the thursday session to inject about 75 billion dollars in liquidity to calm this down. so far, it appears to be working. paul: thanks very much for that. nadine turner joins us now. thanks for joining us. i want to start with that repo she was talking about. we have a chart that illustrates how the fed has managed to calm things down. what is the plan here? that is the third day of intervention. the band-aid appro

decision risks being overshadowed by the federal reserve injecting cash into u.s.irst time in a decade yesterday. powell might be asked about that repo rate. we spoke exclusively with the bank for international settlements general manager. we asked him about the challenges to monetary policy today. conundrum that monetary policy faces right now is that monetary policy has been tremendously competitive. we are at low rates of interest. we are still not fully there in terms of economic recovery. >> that's it. that's what i want to get at. can monetary policy perhaps engendering recovery? have they run out of options? the toolkit seems to be barren for a lot of these heads of banks. >> yeah. a little bit more can be done. many advanced a company -- economy central banks see inflation below objectives. growth is not where it should be. the effectiveness of monetary policy is not absolutely guaranteed. therefore, it needs to be complemented with other policy instruments. policies youother have referred to would be the fiscal side of things. >> absolutely. ittell us abou