week ahead with the release of some of the us major technology firms, also looking ahead to the us fed'sdals in the eventing and mountain biking. there were silvers for matt richards in the swimming, adam burgess in canoeing and tom daley in the men's ten—metre synchro diving alongside noah williams. that's daley�*s fifth olympic medal. to be here in paris, diving in front of my son, who's just right there, i'd say, who actually asked me to come back, it's just so special. and yeah, it completes the set. i now have one of every colour. some other stories now. former bbc news presenter huw edwards has been charged with three counts of making indecent images of children. the offences are alleged to have taken place between 2020 and 2022. the metropolitan police say they relate to 37 images shared on a whatsapp chat. he's due to appear in court on wednesday. next, an update on those junior doctor strikes, which led to loads of cancelled appointments. junior doctors have been offered a 22% pay rise. their union will now put the offer to its members if they accept, it will mean an end to the

hosted by the european central bank, the us fed chairjerome powell is there,

this will be with us fed time in a row as president is fiscal opponents say that for parents, dispute results. israel security cabinets as authorize, the prime minister and defense minister to the time it responds to sacrifice a task ok, park going on slides which killed 12 people. the government says the end of that denise on because the law group has denied any involvement protests as of takes to the streets of lima, peru, markets, independence day, that demanding justice for those killed and injured during unrest. in late 2022 for him. the ousting of former president edward castillo many also calling for preston auto autism resignation over a corruption scandal. i got a sanchez has more now from the to proceed in the novel. why did they began videos independence days by blaming former precedents. they look a feel for the country's problems you. i received a paralyzed country due to the last government that caused the worst crisis of confidence in 50 years, a divided country and most in a deep political crisis. but why did they said she plans to spend millions of dollars on mining h

glad you could join us. fedtrong, despite recent schooling and holding rates too high for too long

hosted by the european central bank, the us fed chairjerome powell is there, along with the governorf the bank of england and a host of other leaders. the hot topic of the day is of course rising prices — inflation — and its management, as central banks use interest rates to head towards their 2% inflation targets. for the eurozone, inflation sat at 2.6% in may, which was up slightly from the month before, but significantly under half the level seen at the same time last year, a direction of travel that saw the ecb as one of the first to drop its main interest rate last month to 3.75%, a move the ecb's president christine lagarde has warned they are in no hurry to repeat as they wait for more information, the latest of which is due out later today, with inflation numbers forjune. joining me now is andrzej szczepaniak, senior european economist at nomura. 0 good morning to you. hey. good morning. _ 0 good morning to you. hey. good morning. if— 0 good morning to you. hey. good morning. if we - 0 good morning to you. hey. good morning. if we just - 0 good morning to you. hey. good morni

rate cut this year, previously, they had three themselves and now the market is almost where the fed used to be but you see why they are encouraged. it's not just what they are hearing about inflation. what traders also heard from jerome powell was about cooling employment situation. that is the thing the fed over the edge because the employment market has been way too strong to justify an interest rate cut. clearly that is beginning to crack, other fed numbers have noticed, the intention of is going the right direction and we have haired quite a few people saying they are happy with that path, now put the employment picture in together, you have the two factors the fed needs, they are obviously getting close. powell doesn't want to admit to anything yet because he has informed consensus within the fomc but he is trying to lead them into the position where they can agree to do something. whether goldman sachs is right that they go as early as july or not, traders will keep pricing in that direction, and it wouldn't be surprising if we see a few bets being made for a surprise july move. by

us because we will get more on the markets. our next is causing for 2 -- is calling for two fed rate cuts. great to have you with us. the expectations around the fed are settling. september is almost fully priced in. what risks are you looking out for at the moment. and my question is, does it mean the exceptionalism when it comes to the u.s. dollar and is it fading? gareth: focusing on japan, that is key. your highlights early on, we did see intervention. given the level and the velocity of the move it is naÏve to think that the boj was not active. the timing with the weaker cpi print, i think it was very positive for the boj in the sense that it took some of the heat out of it. they look at the interest-rate differential when it comes to the u.s. versus boj rates. that was one of the biggest driver is. that may also be one of the reasons for the big move down to 157. i expect it to remain at this level for some time. there is enough support for the u.s. and there is also some uncertainty about our own -- around what they boj will do. -- god boj -- the boj will do. haidi: there was -- does this give you greater conc

glad you could join us. fedhair jay powell says the economy remains strong, despite recent schooling and holding rates too high for too long could jeopardize economic growth. hint-hint. >> speaking of economic growth, the values of sports teams have been skyrockets for decades. recessions or not. is there any sign we might have finally reached the peak? before that, let's get a quick check on the markets. as you see there, apple and microsoft continuing to battle out for the market cap leadership, getting close to 3.5 trillion as we watch that battle it out. >>> plus, tesla higher for the tenth-straight session, up 40% during that streak. if you're holding it, i hope you're long. i hope you're not short because you're getting crushed if you are. you'll get advice from our trader in three stock lunch. >>> fed and the markets, fed chair jerome powell testifying before the senate banking committee, while he acknowledged the risk of holding rates higher for too long, we also need to see more good inflation data befo

fed 9 him. i won joins us now from jakarta, fed 9. what's the latest on the storm? decipher gainey is causing a huge damage to the many countries. and as of yesterday that ivan has already read china and it's causing a landslide that in mainland china and hundreds of thousands of people has that has been relocated by the content is government. and while in by one that i've been getting e causing slots and also the last lights and costs, 3 people died and that hundreds of people were injured. and so far in thought though, there are around 22022 people and also hundreds of people were injured because of this natural disasters. and in by one ministry, i'm doing that we still have a flat did of to buy from hits. and this is for to buy one, this is the biggest buy for and happening in years. and if this is only the 1st one of the season, but many months, several months still to right what measures of chinese or products has been taking to avoid further damage. according to the methodology, go body of china and they said in a few days to die for an of uh for get any real

even think about how to make her happy, she worked day and night. took care of us all at once, raised the young sobolds, fedala, gave away the last, we were capricious for food, only for us i wanted more and a lot, but we thought she was wrong. but they started talking offensively, and she silently looked into our eyes, sighed, then left completely, for a long time, my mother is my homeland, my homeland, my mother is my homeland, my soviet homeland. and my mother, i’m sorry, didn’t feed me, she was tired, she was tired, but she helped with everything, sent detachments to the sea, to institutes, to the space of the olympics, taught us to achieve everything, set goals and... and she silently looked into our eyes, sighing , then sadse left, my homeland, my mother, my homeland, my soviet homeland, my mother, forgive me, homeland homeland, mother, my homeland, my soviet homeland, my mother, forgive me, homeland, my mother. homeland, my soviet homeland, my mother , forgive me, my mother, forgive me, thank you. senior colleagues, finance, when i first joined the system as a young specialist, always said that behin

fed officials should never again be able to profit from their positions by using confidential plans about fed monetary policy and emergency programs to pad their investment portfolios. the board's latest update to its trading rules is simply not good enough. it still fails to establish thel clear penalties needed for federal reserve officials whod make investments in violation of the public trust.ti a rule with no consequences isn't much of a rule at all. the american people need to be able to trust that the federal reserve works for them, and that officials aren't abusing their positions for personal gain. as chair of the federal reserve, you have an important role to play to make sure our economy works for everyone, not just for wall street. and the fed's regional banks must do their part to hear from people and other stakeholders in their districts to understand their needs. i look forward to hearing today how the fed will balance its dual mandate, protect american'' money, and foster an economy that upholds the dignity of work. senator scott. >> thank you, mr. chairman. thank you, cha

generally speaking, we were expecting the fed — again, the us central bank — to start thisjourney toest rates first and pull the trigger. but, in fact, we have seen the likes of the swiss national bank, the european central bank, and are expecting to see the bank of england cut interest rates in the coming months. when it comes to the us economy, yes, growth is slowing but it is still performing reasonably well compared to its developed peers. at the same point, looking at corporate earnings and looking at the trajectory of inflation — now, inflation has dropped by nearly — from 9% two years ago towards 3%. it is like being on a diet. it has lost a lot of weight but now, we're seeing a plateau and we're starting to go a bit above 3%. whereas in the united kingdom and europe, inflation is coming closer towards target. i think that is the biggest in certainty right now when it comes to the fed but i would still say that september is likely and we should overall, though, get a us interest rate cut this year, but not as mamy as the market wants. china has been struggling this year. do yo

you're right, just in | march, will resort to the fed, they gave us almost about 30 banks in the us,f course the top four, jp, citibank chase, and goldman merrill, all of them pass the tests successfully, but again, there is a bit of what you would call wait and watch, and that wait and watch comes from what is going to happen their commercial property lending portfolio? you know his plans —— san francisco has taken a beating, so the west coast lenders, predominantly gp and wells fargo, they would take a bit of a beating. the they have a huge investment crunch, sure? but they are not or if this stress test is done take into account the defaults of the nonperforming loans that would take in in 02 and 03 when people can't pay their mortgages. so that needs to be factored in as well, so good stress test results right now but let us see what happens when they close the books and go after receivables and payables in the next quarter. what does an expected interest rate cut mean for the major us banks? i rate cut mean for the ma'or us banks? ~ ,.,, ., , banks? i think depositors will be di

our parents fed us that and now we often visit ours and our guests.have a very beautiful kotsovskaya land, lake and forest. we have a lot of berries, mushrooms, and fish. we have a park near the cultural center, which , by the way, is very old. here. and we used to have a rally here for him, we have an old building for him. masha bogatyr was with you and see you on new routes of native belarus. bye bye.

how difficult it is, but no one else will complete this task except us, we... are meant for this, this is what the belarusian people fedraised us for. our parade is a sign of the strength of the allied strategic partnership between belarus and russia, interaction with member states of the csto, cooperation in the military sphere with the people's republic of china, a sign of our readiness today to become one in protecting historical memory and values. it teaches us to protect peace by any means of deterrence. the inspection of the joint regional grouping of troops of belarus and russia, the first training of non-strategic nuclear forces for our country , showed that they... bequeathed us to live and build a future for new generations, we will not let you down, we have no right, dear veterans, low bow to you, you taught us to love, protect and take care of our land, we are still building our future today, leaning on your mighty shoulders, the understanding of the burden of trials you have lifted and endured gives... our generation has a mission to preserve peace in our native land, the world that our grandfathers and gr

imprisoned, and my mother once again began to sing and left us on the street, the neighbor’s girl took us in and fedov is just the last name of roma, which was at birth, well, we didn’t have such a name in roman’s family, but there was vladimir, tanya, katya. vova, ira, the littlest sasha, as i realized that everyone else was a joke. nat, can i ask you a question, despite your story, how is your life in general now, how do you live, where do you live, and not only will nadya tell you about it now, i’ll show you, because i visited her , nadezhda settled at vostochnaya station, it’s an hour and a half by train to taguchin, pay attention. that ’s how we live at vostochnaya station, you have one street, there’s a railway there, there’s nothing else, well, yes, but this is your garden already, we call it a dacha, well, you have here, i ’ll tell you like a king, sofas, carpets. we relax, we grill kebabs, we celebrate holidays, dmitrovich’s bathhouse, dmitrich is who, my husband, dmitrich, nikolai dmitrievich, well, here you already have a thorough, i’ll tell you, good, machalok, how many do you have, eigh

as foreign ministry spoke to us, we'll come to use a fed up with a unilateral policies of the west. proxies went out joint strike tools, multiculturalism, and the creation of it environments for the development of well, countries has been extensively why the welcomes buying well countries the it is great to have you with us for this live program. it from most go straight to top storage right now, just take it off and basically it's been on top of story. now for the past 24 plus hours, the attempted assassination of donald trump, a riley in pennsylvania, it left one up by stand to killed and 2 others wounded as the republican presidential candidate not really missed by being killed by about an inch. the day after the blame game began with the media now and the cross has friends citing by the yeah, right. there trump support interrupting and anger against the mainstream media taking a but biased outlets was burning the violets and ultimate gun fire, incense trunk for us, or through us having the ring to become president. back in 2016, the usual suspects published diming headlines one off thro

the fed needs to use its supervisory authority to ensure evolve is committing the resources necessarythe account holders. last comment, i want to know one last thing, last year's fed report on the failure of silicon valley bank noted how incentive based compensation encouraged excessive risk-taking that led to the bank's failure. you either watched or had reports of when those bank ceos testified in front of this committee. the report -- the incentive-based compensation that led to the bank's failure, i mentioned svp managers had, quote, an incentive to focus on short-term profit over sound risk management. that's what a number of us have said over and over, that the short-term profit over sound risk management causes significant problems to our financial system. compensation practices still pose a threat to our banking system. i urge you to move quickly to join your colleagues in the long overdue rule-making when executive compensation. you know -- you read the reports at the outrage of the public about executive compensation continuing to go up and up and up. you have a role, signif

fed. a person uses this lifting machine on average four times a day, thanks to its reliable components andient operation, it has earned the reputation of the safest form of transport: an elevator, a device that provides comfort and convenience. mogilev elevator mash, comfort enterprise. convenience is guaranteed; high-quality elevators are produced here, without which it is impossible to imagine a modern building. our elevators are becoming more and more comfortable, they are becoming more and more silent, we are trying to make elevators that are not some kind of gray, gloomy, dull, but we already have design projects that are quite cheerful, i would like them to be so that during the trip , these few seconds when a person, a passenger rides in our elevator, so that he... lifts his spirits. the design of a device capable of lifting loads and people to a height was first described by the roman inventor marcus vetruvius poleon in the first century bc. a he was inspired by the ideas of the famous scientist and engineer archimedes, who in the third century bc was developing a lifting mechanism

i like it but inflation is still 3% year over year, using the fed's favorite measures so it's still not 2% and they are talking rate cut in september. he went on to say that's kind of getting ahead of the game. do you still feel that way? >> here's how i look at it. the economy is doing good. we have a 2. 3% gdp number. it's the second quarter but early estimates are the third quarter, 3%. that's how it tends to run. unemployment is 4.1% and real wages are increasing. the consumer has slowed. real wages increasing in the consumers feeling the effects of the end of the government's subsidies for consumption in terms of covid relief program but they are able because of real wages increased to stay in the game. finally, inflation is still 3% year-over-year and it has been running that way for the year. pc is 2.6 but actually a little higher. look at real interest rates, the fed funds rate is 5.3. inflation is 3%. mildly restrictive, mildly only in an environment where the economy is doing well. 2% growth, 3% inflation, 4.1, 4.2. around 3% and the fed but lower that and only accelerate infl

well, if the stinginess has fed us a little, then it seems to me that it’s time for us to feed it a little mineral fertilizers with equal contents of nitrogen, phosphorus and potassium. in the fall, nitrogen should be excluded, it will provoke the growth of young shoots that will not survive the cold, so... phosphorus and potassium, on the contrary, will help the plant prepare for winter by stocking up on nutrients, but in no case should you overfeed the berry plants, excess nutrition only reduces immunity, so that everything is strictly according to the instructions. and one more instruction, after we have picked the berries from the bush, it’s time to prune remove old unnecessary branches, this will allow the bush to produce sweet and fragrant fruits on new shoots next year, and i love this, as well as... whores paired with fungal infections, they often infect everything that summer residents love so much, worthy of rebuffing only chemicals can give, but if there are still berries on the shoots, the treatment is carried out only with biological products; they are harmless to the fruit. i

us. thank earnings rolling in friday and were in the upcoming week the june ppi coming in hotter than expected, economists on how inflation will play into the fed'sext move in the second quarter earnings season is all coming up. stay with us. ♪ ' jardiance works 24/7 in your body to flush out some sugar. and for adults with type two diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital, yeast, or urinary tract infections. a rare, life threatening bacterial infection in the skin of the perineum could occur. stop jardiance and call your doctor right away. if you have symptoms of this infection, ketoacidosis, or an allergic reaction. you may have an increased risk for lower limb loss. call your doctor right away if you have symptoms of infection in your legs or feet. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell ♪ ♪ the little pill with a big story to tell ♪ [ navigation ] stay straight for the next 200 miles. ♪ he

we think it could use some support from the fed, which we think is just around the corner, but we think earnings growth, economic growth and eventually benefits from trends such as ai, will kick into in the coming qua quarters. >> that being said, you don't think it's out of the question that the fed might cut by a half a percentage point? why do you think it might be appropriate at that point? >> we've been talking about it for a couple weeks now about this possibility. we don't think it's the most likely scenario, but we don't think it would take that much. we think the fed has a lot of latitude to cut rates. the one rate cut right now the market is pricing in is really based on what the fed had been messaging as a balanced labor market, but under the hood, you can see it's using a bit of support here. even if we look at june's jobs report, under the hood you see that prior months' revisions were pretty large to the down side. almost ought down grout came from the government and healthcare sector. it will owned a take a few more data points to shift the thinking to cut by 50 basis poi

fed's reaction... earnings season continues in the us, with meta reporting after wall street's closing bell.s on revenue and profit, sending shares up initially in after—hours trading. the firm's big bets in al were in focus. the bbc�*s north america correspondent erin delmore has more. the big story intact likely is how investor —— lately is how investors want to know how i i look for to pay out more than taking in. ita lot look for to pay out more than taking in. it a lot of cases, these investments are looking like they're going to be a slow burn and a bit of a cash burn. here's one example. mehta announced that its reality labs posted a nearly four and a half billion dollar loss in the second quarter of the year. reality labs is the unit where meta is developing its technologies. like what we see in the request to be our headset and the ray—ban sunglasses. this brings the total losses to around $50 billion from the endo 2020. those are some hard numbers behind meta ceo's big bets of the metaverse. the firm plans to see more operating losses i had this year. meanwhile, the company is in a

they fed us the children and this same thing, they gave us a goat as a farewell, can you imagine, theyt come to the houses on our street. there was none at all, everything was bombed, letters, personal belongings, awards, an exposition of the liberation of belarus, a joint project of the ministry of culture and the museum of the great patriotic war. each visitor seems to pass through all six belarusian regions, from brest to minsk. finds out what colossal losses our country suffered during the second world war. it all started in breshchina, and it all ended here. you will see this stand. the vitebsk region was famous for its powerful partisan movement and the oath of the red partisan was written in general. hands, they swore to bravely and courageously defend their homeland, or a medal for bravery, it was homemade, they simply did it without waiting for an order from above, and for the partisans it was a special reward. minsk is known for its heroic anti-fascist resistance. on display is the handbag of intelligence officer elena mazanik, in which she carried a mine. at the exhibition,

us. for the fed who is navigating the economy and the run—up to an election, there is a bit of turmoil about and what it means for the world�*s biggest economy. yes, there sure is and as the previous person mentioned, we have interesting trade going on and it means that on the short and it means that on the short and there is either little movement or little buying but at the long and there is a lot of selling and my personal view is that it is non— expectation of inflation because this inflation is going on but certainly between the debate last week and the supreme court decision, there seems to be a view image treasury complex and among bond traders that the path for a second presidential term for donald trump is an increased and made more clear. for that reason there is a higher likelihood of a trade war with china had a lot of protectionism and that�*s why we are seeing the long and rising so quickly, more than in some time. you are worried about that? i would not so worried but something we will look at closely and certainly the terrace will have on prices is those are prices that even

talk to us about the fed and how it informs the taking of the ecb.the fed. if they do not signal that september is in the cards, if the language is not there, does that handicap ecb in terms of its next cut? does that derail expectations around september for the ecb? if we try to take a step back and look at our quarrel, we have been is making the ecb to cut rates in the december means for some time now. our u.s. colleagues have changed the call, they brought it forward. in that sense, in terms of this we think signals of the fed are less relevant for the near term. the ecb decision and the september meeting we've seen from a number of governing cartoon numbers. the emphasis on incoming data around wages, inflation. the comes to the september meeting specifically, we think to your specific data, that will drive the ecp decision. >> do you have a clear steer of what the euro is shaping up to be? a little bit of strength coming up. we get more data today. it was like a mixed picture. the challenges set of data for this ecb. it is very challenging, very

i think the data the fed is using, there are lies and statistics, i think the data is overstating thelation anywhere from 90 to 100 basis points. the fed is being reluck taptd because they don't want to have that '70s like situation -- >> cut too soon. >> they also have to be careful they don't set off a disinflationary cycle, too. so, i think they're still going to cut rates. i think they're going to surprise people what the amount of rate cuts they do by the end of the year. >> we'll leave it there. good to have you back. joining us at post 9. >>> up next, we're tracking the biggest movers into the close. pippa stevens is back with us once again. what do you see now? >> scott, one unloved a.i. play could be due for a turn-around. we have all the details coming up next. [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. >>> less from 15 to the bell. back to pippa stevens. >> servicenow is under pressure after guggenheim cut the stock to sell. saying they expect an uptick in gen a.i.,

. >> our next guest says the fed will signal a rate cut in september. joining us is paul mccallie, currently a professor at georgetown school of business. paul, great to have you here on a day like this. so let me just try to unpack this for a second. today of all days, this divide between what's happening in the market and what's happening in the real world. market selling off, especially big-cap tech. those areas, you know, they were down a trillion or two from the peak. but the data this morning, job openings were good. consumer confidence was good. as someone who's been bearish on the economy, i have to acknowledge that maybe there's more staying power here than i assumed. i laugh because i get on financial twitter and people say more rate cuts, but i'm thinking the numbers we're getting on the real economy show that it's holding up remarkably well. so curious for your thoughts here. >> i think the economy is doing exceedingly well. in fact, thinking about it really we're as close to fulfilling the fed's mandate as we have been in a long, long time. we have a

dani: people say it is not the economy that will save us it is the fed that will save us. cuts and for the small caps that have floating-rate debt, they will all be saved? chris: their point. we had an oversold balance. this is probably the oddest easing cycle i've ever seen. whitney you enter -- when you enter an easing cycle things are bad and the fed is cutting because there is a liquidity issue are the economy is slowing down. how are they going to cut? 25 basis points here, 25 basis points there. is that aggressive enough to change the economy? i don't think so. is that enough to change an oversold condition to something better? i think so. until you see the economy start to re-accelerate, it is harder for smaller cap companies that have a tremendous amount of balance sheet and operational leverage to outperform. jonathan: leave big tech behind and by everything else. can you tell us not only what you want to buy, what would you tell our audience as everything gets wrapped up in the everything else rally? what should they avoid? chris: we are not a fan of commodity-rel

returned me to normal. that a student sometimes just has an empty pocket, she lent money, so she fed us accumulate large sums there, so in the end i was forced to go to work again, i got a job as a janitor watchman, i studied kindergarten for about 2 years and worked as a watchman as a janitor and... i even invited my fellow students in this kindergarten where i worked, there was a lot of food left after the children, we arranged this feast that i fed for half the course, but yes, i even remember this feeling that when you walk down the street, your head starts to spin , because yours is empty, you haven’t eaten, the second 2 days there you are in a nekrokka, well, there were such things... it was necessary to study, go to classes, so i know what hunger is, the next question, right from you, if you had enough money not to work, would work whether you are or not, you know, i can’t be without work for a long time, now i’m already, well, i’ve been... retired for a long time, but nevertheless, i work a lot, i earn enough to support not only myself, but also ... to help your relatives, your

a lot of guys that really pushed on the fed two years ago told us he was the reincarnation of arthur burns or we were going back to the '70s and this was the worst fed in modern or all history. they just kind of either disappeared or changed their tunes significantly. so i think it's a job well done. it's not that surprising what he said, and it didn't really move markets that much. we had a pretty good pop in s&ps to start the day much more on the idea that trump's odds are going up and that may be seen as a positive for the equity market and the stronger dollar and steeper yield curve all that they would expect on the trump critic. >> one more on powell and then i want to dive into that, but just for the market implications. you did see the rate cut in september the markets had been almost fully pricing and go to 100% probability and december '99 and it looked like a quarter-point cut is now the baked in, most likely sure thing scenario. what does that tell you? and should july be a live meeting or not now? >> i think july is really not a live meeting and i think it could be a soft

fed wants to do. scarlet: maybe they used the july 31 meeting to signal things are moving in line for a september cut. when the fed it doesn't start cutting, david rosenberg, an economist, says the first 250 basis points of the cycle will mainly remove excessive restraint as opposed to providing any real economic stimulus. what's your take? yelena: i think jay powell will probably make a big announcement at the jackson home at the end of august. how will the change affect the trajectory of real interest rates? i agree. the fed needs to push nominal is stressed right -- interest rates a bit lower so real interest rates don't make more strain for the economy. that's key here. this cutting cycle -- it's not an easing cycle -- it's a cutting cycle. and the fed will need to do that in order to not over tighten. it will be different, most likely, from the past cutting cycles that were driven by weakening economy into a recession. that is probably not what we are looking for. scarlet: important distinction. thank you yelena shulyatyeva senior u.s. economist atbnp paribas. coming up, a rap on nato. richard ha

use for athletes. all those cameras are then fed into a capture pc that runs on intel processing power. ces, interactions, singing, dancing, whatever, in full 4—d. the result is a 360—degree video that we can use to insert in other 360—degree virtual environments. the end result is a digital version of the person which can be beamed into tv studios around the world during broadcast interviews. i am max whitlock, a team gb gymnast and six—time olympic medallist, and i'm going to do a somersault in this new technology. using a tracked camera we can synchronise the virtual - environment and the athlete doing a backflip _ with the interviewer in real time so it. seems like they are actually together. l any athlete would call out and massively welcome new technologies that are gonna enhance the viewing experience, seeing sport in different ways. i think it's obviously very, very clever when there are new ways to move forward to do sport in different ways. it's amazing. and here we have it, the smartphone version of an ar athlete which sports fans can access byjust scanning a qr code. what was

i like the belarusian people so much, it’s actually something extraordinary, you know, they fed us children were no houses on our street at all, they were all bombed, letters, personal belongings, awards, exposition of the liberation of belarus , a joint project of the ministry of culture and the museum of the great patriotic war. each visitor seems to pass through all six belarusian regions, from brest to minsk. they will find out what colossal losses our country suffered during the second world war. it all started in breshchina, and it all ended here. you will see this stand. the vitebsk region was famous for its powerful partisan movement. here is the oath of the red partisan , written by hand, according to it they swore to bravely and courageously defend their homeland, or the medal for bravery, it was homemade, was made simply without waiting for orders from above, and for the partisans it was a special reward. minsk is known for its heroic anti-fascist resistance. on display is the handbag of intelligence officer elena mazanik, in which she brought the mine. at the exhibition you can

>> i would encourage everybody to listen carefully to what companies are telling us the reason why the fed others got a big inflation call wrong in 2021 when they called inflation transitory, they didn't listen to what the companies were telling them and at that point the company were telling them the cost were going up in refacing strong demand and confidence to pass on the cost in terms of higher prices and lo and behold we got the high prices and the fed had directed as it was in transitory. now were getting here something very different in the next couple weeks, were get here i suspect companies confirming that there seen softening demand, seeing consumers turned off by the level of crisis and are going to express concern about the ability to pass on the high cost because of less pricing power that's what were going to hear it is going to come ahead of the macro data and will start reflecting the weakness in the next few months. maria: how weak can the macro story get, are you worried about the u.s. economy moving into recession next year? >> i put the risk of recession at 35%, the ris

i don’t need this, but the harvest has already served its purpose, it can already be done if pity us fedwe have picked the berries from the bush, it’s time to cut off old unnecessary branches and remove dead wood, this will allow the bush to produce sweet and aromatic fruits on new shoots next year, which i love, as do pests. with fungal infections, they often affect everything that summer residents love so much, only chemicals can give a worthy rebuff, but if there are still berries on the shoots, the treatment is carried out only with biological preparations, they are harmless to the fruit, it’s like another bush there’s not enough, so what’s the problem, let’s plant it, well, i heard that this can only be done in the spring, no, this is a mistake, in the spring you can only plant plants with an open root system, but we have a closed root system, you see, in a pot , so you can plant all summer, let's go. i’ll show you where to tie it; the place for planting should be sunny and windless, and the soil should be light, loose and fertile; it’s best to choose a ready-made one, it contains a

_ generation and us as humanity itself, we are so fed up - generation and us as humanitya story and not . being told a story and not having _ being told a story and not having any— being told a story and not having any substance - being told a story and not having any substance so i| being told a story and not - having any substance so i think right— having any substance so i think right now. _ having any substance so i think right now. our— having any substance so i think right now, our politicians - having any substance so i think right now, our politicians are l right now, our politicians are trying — right now, our politicians are trying to _ right now, our politicians are trying to get _ right now, our politicians are trying to get their _ trying to get their authenticity- trying to get their. authenticity through trying to get their - authenticity through the trying to get their _ authenticity through the memes through— authenticity through the memes through appealing _ authenticity through the memes through appealing to _ authenticity through the memes through appe

he's joining us live from fed on ali. we've heard from we've seen eyes where the ali, how many he's been speaking once they've been saying like the last minute i just thought that speaking few minutes ago off the funding president. my so this is john, that degree residential degree becoming a president. now he's the us for once i read the moment because you don't that what he said is not the president to seize off what unity and build on the iranian people is potentials to progress because we have to develop the country. also, president position spoke prior to i the last time in a speech and i've suckled several issues with respect to the internal situation in the country to fulfilling the from it says also on a solid, the fight and developing yvonne's presence in the region and the world he spoke about also dev, it'll think it runs a defensive job abilities. so there are several issues that the president of taco today and his speech also for it's a lot coming to a who's already speaking right now, probably would be givin

i think he can afford to bring us a more normal fed funds rate and relationship to those long rates, which do see, as we saw today, a potential slowdown. >> why, then, do folks like the former fed vice chair, roger ferguson, who was on this very network today, say, good number, it wasn't a great number, i'm not sure it's the all clear to cut. he sees only 50/50 in september. he's a voice i think we need to take seriously. >> oh, certainly. roger's one of the brightest guys, although he has put a lot of capital into saying that, hey, the economy's strong, we don't need one this year. when i listen to his interview this morning, i thought i saw a little crack, like, well, you know, i'm not going to change my opinion, but we have to look at the data. and let's face it, scott. the fed must be 100% data dependent. they don't have any magic ball, seeing what is going on in the economy. i think they have to look at what historical slowdowns are and say, you know, maybe i could afford -- i think he's going to tee it up on july 31st and we're going to have a lot of data before then, but i thi

. and indestructibly yes i up and further, oh, our false children, beloved, i am invincible, what fed usrt, i’ll let you go with you. what made me different, the old dreams developed, are no longer needed by me, yes, i am unstoppable, yes, incomparably, transparent as a diamond, and indestructible, yes i am upward and further, oh, our finger. yes, i go up further, oh, our falsehoods, yes, yes, yes, yes, yes, i uncontrollably, yes, irresistibly, transparently, like a diamond, and we will not crush the water, i screwdriver further, oh, our fingers. be abujana to the sirs, give, why is it so mountainous, i can’t understand, thank me for the wounds, what in the sky is given, at the end of the day , maygo, who is a rogue, and never will you return, alesya, be dark-skinned, shaggy , i’m growing up gloomy, falling down, self-made complaints, screaming and crying. dobry ranti belarus, good morning country, we continue to wake up, we continue to wake up only in a good mood, yes, because today is monday, today is a new week, today is july 22, dobry ranti belarus on your screens, tatyana matsevich,

did city planning department some board and fed citizens here? i use the games and when do the shots of, or the of that section, i'm going to do some a tie in des moines for type on. roughly one 3rd of the buildings will be left standing, gutted and renovated as the rest will be taken down to make space for a denser neighborhood with mixed use buildings, not just housing. but the special thing about this project is that instead of sending the deconstructed buildings to landfill, the goal is to resell for use or recycle every thing that you can see here, from literally the ground floor windows like these could typically be used for changing energy standard since these were put in, it means that they can't, they tend to be recycled a tricky process, but it's possible concrete can either be used or recycled as well. but then we've got to find a home for all of these big old american fridges in germany. all those will be tough, so all of this represents a new approach to old buildings and goods. quite a lot to me that they haven't gotten this fault is aske

the election dealt the biggest close to money depends fall right to potty. despite finishing fed as opposed to us remain hopeful. the commodities that we are already starting to work with other be true ordered and right wing bodies to get ready for further. and a lot of challenges will have municipal elections and probably legislative elections again in a year or other of domestic victory. would it be r? as in 2027 people though from says less lena. lions has kept the far right house. the country faces of hung parliament divided into 3 opposing groups, which could mean use of political deadlock. and according to frances constitution, new elections cannot be held for you are course funded. sonya alika has been covering this election and joins us now from paris. sonya has nicole gamble in calling the snap election paid off for him. i was impressed with my crawl of things are certainly not looking very good. his simplest alliance, all sambas, and i'll be the better than expected. they picked up about a 168 seats though that's still a far cry from the 250 seats the previously controlled. um, now we c

so 36% still think the fed is going to cut too late b us there's a growing number who think, maybe theight. . 36 think they get it right. should the fed hold rates steady before the election to avoid the perception of political interference? 73% say no, don't worry about it. our work shows the fed will move in september whether or not it's a presidential election. 23% want the fed to hold off. peter believes, quote, the rate cutting cycle will be more of a tweaking as the fed tries to balance the fear of inflaming inflation while trying to keep the economy growing. that is supposed to say we're supposed to slash for a recession. expect the fed statement tomorrow and the fed chair to provide some limited guidance that there is more confidence inflation is declining and rates can come down. but he's not going to show his hand in how far and how quickly he's going to get there. guys? >> yeah. i know you will be parsing over every word, steve. thank you. our next guest pushing back on hopes for september and november cuts saying the inflation picture remains murky and recession fears over

recent numbers are suggesting that there is a positive trend, and the inflation in us has been falling. however, the fed been closely watching the numbers because it is still well above the target of 2% rate. and the fed has to be very sure that these trends and the downward trend in inflation is just not temporary and rather more permanent. so we need to understand that it is looking at the supply side constraints like — you know, what are the forecasts for commodity and food prices? and secondly — what does the labour market condition in us? because essentially, the high inflation was triggered by a very tight labour market where jobs were many but it was few. but the recent trends that job seekers are rise sog we can expect some loosening of the labour market, which will reduce the impact on inflation. so maybe it is likely that if these trends go in the same direction as they are, we can expect a rate cut later. �* . . ~ , are, we can expect a rate cut later. , , ~ later. backed up by the imf also. forecast _ later. backed up by the imf also. forecast for _ later. backed up by the imf also. forecast

still ahead, stick with us the final spread, the week ahead. investors are waiting for the fed'sferred gauge on inflation. this is "real yield" on bloomberg. bloomberg. ♪ can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. sonali: i'm sonali basak and this is "bloomberg real yield." and it's time now for the final spread, the week ahead. coming up, the fed is entering its blackout period after today and monday, verizon kicking off a very busy week of earnings. tuesday, results from alphabet and tesla. wednesday, u.s. p.m.i.'s rolling out followed by g.d.p. on thursday. plus american and southwest airlines reporting earnings. and friday, the fed's preferred inflation gauge. and let's take a look at those pc

they even came up with an acronym for it at the fed in their research department of trade policy uncertainty. and that was usedn. and people say, well, they actually claim that the media has not been trying to help joe biden enough in terms of the economy, which i like hearing that. i think it's insulting to the average american to say that you should be feeling better about the economy, with real wages actually being down. but here's the thing. wages -- real wages surged during the trump presidency, and they're down since biden took office. still down, but the pandemic could be blamed as the soul re reason why that happened. you could say, well, at the end of the trump presidency, covid came along, supply chains tightened up around the world, inflation surged around the world, so president biden couldn't really have done anything about the global inflation since it was at 40-year highs and 9%, that did hurt real wages. but that's the only reason. because of covid. and i don't know, trump lucked out by having wages rise sharply during his presidency. real wages. >> i think real wages went up under the trump pr