and thomas barkin, but i want to review what waller said. we're seeing policy rates have some affects on parts of the economy. the labor market is still strong , but core kind of inflation is just not moving, and that's going to require probably some more tightening to try to get that going down. that tells me that we're talking two rate hikes. not one. this is aggressive language from him. >> you have to make mr. waller very seriously because he is by the definition of being a governor of the federal reserve bank, a voter, which is very important, because only certain number of people get to vote on the fomc, so will the regional presidents and all of the governors so when waller speaks i listen. it's a little different than what mr. , what the chairman or the president of the federal reserve bank of richmond had to say. it was also quite hawkish in his terminology regarding inflation and higher rates so i take him a little less seriously but waller is a voter and his comments i think should be taken seriously. we've had a hawkish skepticis

as a return to form, with harrison ford and phoebe waller bridge's star quality...great. i grew up watching indiana jones, it is closure. a major cancer research project in memory of singer sarah harding will look for early signs of breast cancer in young women. girls aloud singer harding died from the disease aged 39 in 2021. one of her final wishes was to find new ways of spotting breast cancer early when it is more treatable. the new project will become one of the first in the world to identify which women are at risk of getting the disease, in their 30s. which is great news and wonderfulfor her their 30s. which is great news and wonderful for her memory. stunning drone footage off the coast of australia shows a kayaker paddling around near bondi beach in sydney, seemingly unaware of his curious companion the entire time. whale sightings are not uncommon in this part of the world. look at that. that is incredible. what a friend to have while you are on the water. as glastonbury drew to a close at the weekend and weary festivalgoers left to get some sleep, teams o

waller, from new york, for five minutes. >> thank you, mr. chairman. last week, some of my colleagues and i sent a letter to president biden, urging the administration prioritize discussion on ukraine accession to nato at the vilnius summit. at the least we must provide a clear and achievable pathway to membership a company for security commitments. is the administration planning to put forward this discussion at the summit? >> i can speak, certainly, to your comments about a clear path . that is a major focus of the summit, and we are working diligently to send that clear message of support for ukraine at vilnius. >> just this weekend, the president said that his administration would not, quote, make it easy,", for ukraine to join nato. is it going to be a clear path or is it going to be difficult? >> i don't think there is a contradiction there. nato membership process is a rigorous process, and to get through it successfully -- >> why even then have the, that we will not make it easy. what is it that we are concerned about? >> because every applican

he had several people in his account, governor waller. chris waller. then you have the hawks. louis fed. there is about a half a dozen. they say we think they have to do more. bottom line, they may be pushing for the hikes, at least one more. that could be leading to some descents. jay powell will have to explain why this is a skip given this hawkish pause is just a skipper now kind of reading. that will be the communication. one more thing, the dot plot, don't forget that. they can give us a more hawkish view of the economy and rate hikes over the rest of the year or they can keep it just as hawkish as it is. the unemployment outlook, they will have to be changed a bit as well. there is a lot to look at this meeting. quickly of the boj, pboc. these managers of the you will cast aside. disturb the bank of japan. this is the second policy meeting. in april people thought maybe he will give us some sense that this high inflation and dependable places is going to be leaving him to consider some -- some served week. in a speech he gave on friday, he sounded very dovish as he has r

a fifth of those arrested by cath waller�*s team last year were female, and some were in their 70s.om non—profit fairliallfinance and fraud prevention firm we fight fraud shows illegal money lenders could be businessmen, religious leaders and working men and women. the authors of this report spoke to more than 200 current and former clients, as well as eight illegal lenders. the research can't be generalised, but it found that while violence is still used, its rarer than you might think. we consider ourselves businessmen now, and we try to act in a businesslike fashion. this is a different loan shark to earlier, m, who says he rarely, if ever, uses violence. once you punch someone, or bully them, the threat�*s no good. it's better to have that fear, that intimidation, all that coercion, pictures outside your house, that type of thing. that is terrifying. erm... ..then, pay. as inflation remains high, business for illegal money lenders isn't likely to slow, but industry figures are keen to highlight there are other options for borrowers, like community lenders and credit unions. if y

. >> waller overnight wasfá hawki as well.ey shou certainly talking like they wil■ be >> they're they're not backing down it doesn't matter whether i think they should or should not. >> that's right. >> it doesn't matter whether i think inflation should justify them !w it doesn't matter. they're being consistent and i have to respect it market is up whatever it is about 22% off the october highs■ i am taking -- >> october lows. >> xd■eah, get that right. i am taking a little bitó#t■ money out of+■ marketv know you're good ati]fá making i don't speak out of both sides of my mouth. i amw■x■ positive on the medium long term. i seee1ñr■2024n■á■á■sr'■ good pt growth and i think the market will focus on that i think there's a danger that as the fed continuesqp to raise rates, in particular the regional banking system will have a little bit of a problem here, will have a problem with deposit costs. i'm takingx■ off thati] regional bankf■ index trade 1■/■ didn't work out so great. it was down 9% from when i put it on. the fed right no

una corte federal ni siquiera nixon porque renuncio hasta que fuera acusado en ese famoso caso de walleres el mismo expresidente donald trump ha informado, el departamento de justicia no se ha pronunciado comenzÓ a decirlo, y a decir varias cosas vamos a leer en parte lo que dijo un comunicado de su campaÑa. la corrupta administraciÓn biden ha informado a mis abogados que he sido acusado sobre el cuento de las cajas esto lo dijo donald trump a travÉs de su campaÑa, me han convocado para que comparezca en la corte federal de miami el prÓximo martes a las 3:00 de la tarde. son parte de las razones que Él mismo donald trump ha venido divulgando en las redes sociales. donald trump mÁs adelante publicÓ un video de aproximadamente 4 minutos donde justificÓ lo que Él asegura es una guerra contra Él. [habla en inglÉs] pedro: ha estado trabajando durante los Últimos meses para llegar a este punto un punto sorpresivo son 7 cargos federales uno de ellos de acuerdo lo que han indicado varios medios la violaciÓn a la ley de espionaje, un cargo de ayer sido culpable podrÍa tener hasta 10 aÑos de cÁrce

the fight against it must continue because waller says it's not coming down like he thought it would. this afternoon's losses with the dow down 43 points and s and, up 8 and nasdaq down 67 and russell 2,000 down 18. aside what a week it has been. roll that beautiful bull footage and the dow is off the highs of the year. right now we have the blue chips right there looking very, very healthy. now the s&p, flip it over to that, june 8 you may remember exited the longest bull market since 1948 and following suit. we've got 59 minutes left to trade for the week. not only has the broader endecks popped nearly 3% year to date. it's up 15% year to date. nasdaq has enjoyed even better year and add in the 3.5 weekly gain and tech heavy index soared 31% since january. all right, here we go. we look at s&p 500 at 4,414, 4414 and s&p 500 is nearly 1,000 points above where wall street bears like morgan stanley mike wilson say it should be. before you cackle about the recent rally, take note of this. bank of america strategist who correctly called last year's selloff says the cops show up to the bu

a fifth of those arrested by cath waller�*s team last year were female, and some were in their 70s.d fraud prevention firm we fight fraud shows illegal money lenders could be businessmen, religious leaders and working men and women. the authors of this report spoke to more than 200 current and former clients, as well as eight illegal lenders. the research can't be generalised, but it found that while violence is still used, its rarer than you might think. we consider ourselves businessmen now, and we try to act if you want to reach me, i am on twitter. see you very soon. in durham, it is those students who began their courses at the height of the pandemic who had just sat final exams. they were expecting to discover the degree classification but sam now must wait. i am discover the degree classification but sam now must wait.- discover the degree classification but sam now must wait. i am in my final ear but sam now must wait. i am in my final year and _ but sam now must wait. i am in my final year and i— but sam now must wait. i am in my final year and i have _ but sam now must wai

but as cath waller warns, the cost can be very steep. just isn't worth it. if you are affected by any of the issues mentioned in the report contact: i'm joined by sacha romanovitch, from the fair4all finance campaign group. you are the ceo of that. thanks for coming in. terrifying in a way watching that and seeing what loan sharks are capable of. there is this gap in the credit market and they've come straight into bit. tell me some of the examples of the things they have been doing. it’s of the examples of the things they have been doing.— have been doing. it's interesting because that _ have been doing. it's interesting because that whole _ have been doing. it's interesting because that whole idea - have been doing. it's interesting because that whole idea of - have been doing. it's interestingj because that whole idea of them breaking your legs probably isn't there but the threat of violence is there but the threat of violence is the thing that really creates that situation where people feel they have to pay. i can give you one exampl

i greetly agree and top two lieutenants, john williams and new york fed and christopher waller in the board of government and chicago feds want to stand pat for the rest of 2023. he has to be able to find balance because he still doesn't want dissent and had a unanimous vote today. charles: i kind of feel like when he speaks, mostly as political operative and i feel like his feeling and heart play as role and doesn't want to see the economy call off the rails into an election and would like to see the democrats win. does that come in to play at all and happen with anyone else? he would be the only one conflicted. >> there's so much we don't understand or i don't understand and you understand more. >> that's the beauty of how con vascularized luted it is and we get the data, we get powell speaking and then over the next couple days and weeks and months, we get everybody presented to local feds, congress, et cetera. we get to hear individually what they're thinking. i think it'll be very interest, especially this time when we know there was more and there's increasing dissension among t

reporters on the carpet that the film would be his final in the franchise and his co star phoebe waller-bridgefilm felt like the quote, beautiful closing chapter for the indiana jones story. the stars also talked about the excitement surrounding the film. good. you know, we've been sitting on this film, but so excited to come out. and he's such a ride and it's such an adventure. and i'm just so happy to be in the no dance experience. i can only say that it's a real i mean, i grew up within hours 15 when i watched it. >> on vh s and i rented 5 different films planning on watching indiana jones 5 times that. it just blew us away. my entire generation. so he had now 42 years later, doesn't make sense. what out all take it very hard to describe because it feels incredibly surreal said that the gravitas of it is i'm reminded of that every day, every i see and every fine, i mean, the movie's need >> just we you know, is amazing, amazing, beautiful, beautiful and there's so many peaceful easter eggs in from the original films and 70 tips of the hat all the way through. and i think it really is just a

— of harrison ford and phoebe- waller—bridge_|ndiana waller—bridge in the new indiana tree— waller—bridgeyork city subway train right subway platform and train right in in pinewood. or was it i think it was pinewood and it was amazing. and he . harrison ford, amazing. and he. harrison ford, 79 years old at the time, got on and off this horse over and oven and off this horse over and over. well, he's a professional . look, we've got let's just move on to one— look, we've got let's just move on to one more front cover. just— move on to one more front cover. rust uattyuaau— move on to one more front cover. just hollywood celebrities- move on to one more front cover. just hollywood celebrities like getting on their high horse. very funny. i think we could tatt— very funny. i think we could tatt attut— very funny. i think we could talk about lewis's- trit i think we could talk about lewis's film career all talk about lewis's film career at mett— talk about lewis's film career at nigh, tut— talk about lewis's film career all night, but i— talk about lewis's film career all night, but i think it

— of harrison ford and phoebe- waller—bridge_|ndiana waller—bridge in the new indiana poss— waller—bridged, amazing. and he. harrison ford, 79 years old at the time, got on and off this horse over and oven and off this horse over and over. well, he's a professional . look, we've got let's just move on to one— look, we've got let's just move on to one more front cover. iasi— move on to one more front cover. iasi noiiywooi— move on to one more front cover. just hollywood celebrities- move on to one more front cover. just hollywood celebrities like getting on their high horse. very funny. i think we could iaii— very funny. i think we could iaii aioai— very funny. i think we could talk about lewis's- 0:3 i think we could talk about lewis's film career all talk about lewis's film career aii nigni,— talk about lewis's film career aii nigh, ini— talk about lewis's film career all night, but i— talk about lewis's film career all night, but i think it would ioninais— all night, but i think it would dominate rather— all night, but i think it would dominate rather so let's go to ins—rsai- dominate r

we heard governor waller talk about -- i'll back up. we haven't quite seen the slowdown in rents show up in cpi yet, and we did here governor waller talk about how an uptick in housing might mean there's not as much relief coming or a shorter bit of relief than we thought. can you talk about how you're thinking about that and how that played into today's outcome? >> i wouldn't say, you know, as a factual matter, that's correct. we do need to see rents bottom out here or at least stay quite low in terms of their increases because with we want, you know, we want inflation to come town down, and rental is a very large part of cpi, about a third -- it's about half of that for the pce. it's important and something that we're watching very carefully. it's part of the overall picture. i say it's the decisive -- i wouldn't say it's the decisive part, with but what you see is look at core inflation over the past six months, year. you're just not seeing the kind of progress we want to see, and that's -- it's hard to avoid that. and, you know, the

b of a saying pay attention to waller who said core inflation is not moving and that's going to requirey more tightening to get that down. >> waller has been leading in the we need to do more on inflation camp and he's a governor so gets a vote every time, which is why it was surprising to get a unanimous vote on rate hikes because folks like waller didn't seem like they wanted to pause so i think the explanation, if he gives any, gets any questions from members of congress, you never know what they're going to ask. they're always political if he gets questions about what was behind it it's interesting to know if last week's decision was a grand compromise, they stopped raising rates but to appease the hawks, promised to go in july we heard something like that. we heard something like that may have happened just to please the factions in the fed. >> no no to get too ahead of whatever it is he's going to say, but do we expect he's going to say anything different than a week ago >> no. we don't because it was only a week but, of course, anything he can do to elaborate. here's the thing, t

chris waller is speaking at a conference in norway. tom barkin at 9 a.m. eastern in ocean city maryland. this is the french president. not only is he hosting saudi arabia, but he also is planning to speak to elon musk to convince him to build a factory in france. everyone wants elon musk to build a factory, but -- pretty much everyone. we heard the latest from emmanuel macron. the michigan sentiment survey comes out. we are seeing a creeping higher of inspected test expected inflation in the survey. before we get to a reporter, i want to hear from your perspective, does that concern you? are you starting to see on the margins a sense that wraps people are not getting use to inflation being a bit higher. >> i think it is going to happen. it is three to 5% of inflation for the next three to seven years. we are seeing supply chains change. there's going to be a higher cost to reduce things and you will see that when it comes to building a widget, it is a dollar here in china, and a lot of hidden costs in $.80 that make it more expensive, and we will monetize

the fights and chases of the indiana jones company are his goddaughter helena , who plays phoebe wallerg to rumors, she will become the main character of the films after the departure of ford at the premiere, harrison said that this is his last appearance in the image of indiana. and this film is also the first film not made according to the script of george lucas and without steven spielberg as a director. he remained only a producer. by the way, without these two. there would never have been actors harrison ford directors. producers agents to him with one voice they said that the stars would not come out of him, having played several episodic roles, fort despaired and learned to be a carpenter. once in this second profession, he was on the set of a young director , george lucas, who was just hatching plans, epics, star wars. it was the very case when a person was at the right time. in the right place, the role of a space smuggler. hana solo made ford famous, and when spielberg, on the advice of friend lucas, cast harrison as the archaeologist indiana jones, he became a superstar. and

and acting alongside indy is british fleabag star phoebe waller—bridge. when i was in the middle of this movie. it's... it's cinema on the scale that i dreamt of when i was a young actor. and this is a young person watching these things, wanting to be in those adventures, wanting to have those adventures. the incredible thing about this movie is i really did get to have the adventure. i can't believe it. the first three movies are regarded as classics of their kind. the fourth film, released back in 2008, isn't really seen as quite on their level. so the film—makers will be hoping that this movie does seem a fitting conclusion to the indiana jones series. before we go — let me show you some stunning drone footage off the coast of australia — showing a humpback whale following an unsuspecting kayaker. take a listen. did you know it is following you. upperfront of did you know it is following you. upper front of the beach, really close. don't think he knows. the man you could hear there was drone pilot jason iggleden who was clearly enjoying the spectacle.

haidi: that was christopher waller talking about the central banks continue fight against inflation.oining us from singapore is the head of global market strategy at wells fargo. you say the fed is not done yet. does it hinge on whether last week was a pause or a skip? is the language significant? >> pause, skip, hop. all interesting terms. it matters how the fred -- the fed frames it. if you think about the path of inflation, it is always hinged on how quickly inflation gets there and they don't know if it is the policymakers of the fed, rba, bank of england, but it very much matters in terms of whether the guidance from governor waller is right or from chair powell, we are probably not done. it matters a bit to financial markets. haidi: does that mean you are playing with identifiable opportunities? or are you turning to what the pboc is doing or other compelling stories? >> a bit of both. in developed markets, a couple things stand out. we have been puzzled for a while why the markets are pricing so much more easing by the fed, especially next year, relative to central banks. said

waller is seeing the influential market. >> this is hard for me. >> waller is seen as the leading indicator for the fed. he didn't go in the skip camp. >> skip will become a word like pivot >> for a time. >>> the bill to raise the debt ceiling passed 314-117 president biden thanked speaker mccarthy and urged the senate to pass quickly leaders on both sides said they wanted it passed in 48 hours. >> mulvaney was out in the lobby. i complained to him about the way business is done there 79 said no oh, they're so brave they're so principled. if any of those guys had been the vote to take us to default, they were all free votes they all get to say i voted my -- they all are worried about about primaries. everybody worries about the primaries. come on, the rules vote with 29. how many democrats were coming on board it was a free no vote to pretend they are fiscally responsible. >> not to memory lane it i don't know where you were 2011 >> i was with tea party. >> why were you >> i've always had a little bit of affinity. >> why all of a sudden debt-to-gdp doubled. deficit and interest rates higher

a fifth of those arrested by cath waller�*s team last year were female, and some were in their 70s.—profit fairliallfinance and fraud prevention firm we fight fraud shows illegal money lenders could be businessmen, religious leaders and working men and women. the authors of this report spoke to more than 200 current and former clients, as well as eight illegal lenders. the research can't be generalised, but it found that while violence is still used, it's rarer than you might think. we consider ourselves businessmen now, and we try to act in a businesslike fashion. this is a different loan shark to earlier, m, who says he rarely, if ever, uses violence. once you punch someone, or bully them, the threat�*s no good. it's better to have that fear, that intimidation, all that coercion, pictures outside your house, that type of thing. that is terrifying. erm... ..then, pay. as inflation remains high, business for illegal money lenders isn't likely to slow, but industry figures are keen to highlight there are other options for borrowers, like community lenders and credit unions. if you ar

so after powell spoke and chris waller the fed governors spoke may 24 and said he thought the fed couldake time to assess the data, patrick harker from the philadelphia fed has been arguing ardently for this. raphael bostic says they could definitely pause but if there is another move it will be a hike. he seems to be in that count -- cap as well and tom barker from the richmond fed similarly says he is open to watching the data. the up -- employment report was stronger than what was forecast and now we wait for the cpi report tuesday. they are all open to a pause. now, the hikes are the people that want to go ahead. jim bullard from the st. louis fed, loretta mester from the cleveland fed, neel kashkari from minneapolis, lori logan from dallas. they are concerned more needs to be done. that is why some think there could be a policy to center two. that is not what fed chair's want to see. we will look at what is in focus, the dot plot, every three months, the summary of economic projections it's revised. from their outlook on gdp, employment, unemployment, and inflation. then they say,

let's take bangladesh. 1970, 50 years ago cyclone waller came to harness into bangladesh. 500,000 peoplear cyclone came, only 12 people died. that's very practical solutions on adaptation which basically saves lives and saves livelihood and it makes economic sense. interesting dimension — economic sense. interesting dimension bangladesh i economic sense. interesting dimension bangladesh and i| dimension bangladesh and i believe your global is involved in some of the efforts in bangladesh to improve flood defences. a study from the research and world development journal in 2021 book to some of these bangladeshi projects and actually discovered that they were having counter—productive effects. they left millions of people dependent on unmaintained, ill suited infrastructure and actually, in some cases, appeared to encourage more development in areas i was recently there. it's the second largest port city in the southern part of bangladesh. i met with local communities. they fled their homes and houses because of the incoming floods because of the saltwater intrusion and they came and migra

we've got waller, already. 10 a.m, along with existing homes. back in just a minute.rm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. >>> get you a live shot of capitol hill here as the fed chair gets set to testify once again. this time before senate banking. a lot of the discussion yesterday was about

waller, from new york, for five minutes. >> thank you, mr. chairman. last week, some of my colleagues and i sent a letter to president biden, urging the administration prioritize discussion on ukraine accession to nato at the vilnius summit. at the least we must provide a clear and achievable pathway to membership a company for security commitments. is the administration planning to put forward this discussion at the summit? >> i can speak, certainly, to your comments about a clear path . that is a major focus of the summit, and we are working diligently to send that clear message of support for ukraine at vilnius. >> just this weekend, the president said that his administration would not, quote, make it easy,", for ukraine to join nato. is it going to be a clear path or is it going to be difficult? >> i don't think there is a contradiction there. nato membership process is a rigorous process, and to get through it successfully -- >> why even then have the, that we will not make it easy. what is it that we are concerned about? >> because every applican

we heard the governor talk and haven't seen the slowdown and we did hear governor waller an uptick might mean there isn't going to be relief and how are you thinking about that and how that played in today's outcome? mr. powell: we need to see rents stay quite low because we want inflation to come down and rental is very large part of the c.p.i., about a third to half of that. so it is important and something that we are watching very carefully and part of the scroafer all picture but not a decisive picture. what you see is look at core inflation over the past six months, you are not seeing a lot of progress, not the kind of progress we want to see and committee people, the median went up significantly so that the median participant that core inflation will be 3.9% this year. once again, every year for the past three years has gone up over the course of the year. we see that and see that inflation forecasts are coming in low again and that tells us that we need to do more. that's why you see the s.e.p. where it is. reporter: could you talk about your outlook and how far you think wages m

make its way further out of just the confines of the fort and out further into hampton, as as in waller county, which is now newport news, and then eventually over to norfolk, more and more people started coming to the fort because as many of the confederates were fleeing. well, those individuals and this is a famous drawing that was done. and so if you visit fort monroe, you actually have to go through that neee, i call it t needle don't go through it a bus unless you know how to drive a bus, go h it in a small vehicle, you can because it is a narrow opening ey renamed that pathway a freedo way. d this picture is what began this idea of seeing fort monroe as freedom's fortress because these individuals were accepted. if you can imagine, there was no y thist could accommodate thousands of people coming in and living on the grounds of the for the fort had one big problem and that was water. they were surrounded by water, but they had very little fresh water. in fact, that would continue to be an issue for the fort, even through the 1880s and nineties. and so they could not accommodate a

waller joins us to talk about anti-semitism at public universities.atment were a tiktok bad? the house call. guess where district attorney chesa boudin got a job? here is a hand. a hot bit of '60s radical anita vogel joins us the top of the hour for "america reports." we believe them spirits because you do not talk about mike. second rule of the fight club you do not talk about fight c club. >> emily: that was a scene from the violent movie "fight club and horrifying scenario a real-life student fight club discovered with children ages 11-14 organizing brawls for money. students at a middle school loudoun county, virginia, fighting and school hallways and bathrooms and students homes. allegedly, the blessing of some parents. and then posting the fights on social media. the school principal warned in a letter, "we would like to take a moment to inform parents of outside influences to try to make their way in the building. students have created fight clubs and some of them elaborate with brackets, bedding and challenges. many parents are well aware of t

the late county states attorney, michael waller, said it was not enough to make a arrest. >> we don'te any physical evidence tying her to the scene. >> blood, hair, anything like? that >> no, no physical evidence. >> that was not all police are missing. >> one of the questions i asked was, can we put money anywhere near the field on the morning of the murder? they said, no. okay, that's a problem. >> police had checked security tape from a guest agent near the murder scene for monies effendi suv, but bam nothing. >> when we discuss it, i said, have you checked all potential avenues, rental cars, disposable cell phones? which is what they did. >> that turned out to be fruitful. >> we find she rent a car in 2007 and returned it on the day the homicide. >> it was from enterprise and the pickup address on the farm led directly to the home of marnie's best friend, kristie passion. more interesting was the odometer reading. >> it was a black volkswagen and returned with 40 miles. >> 40 miles. detective had a hunch. he drove between enterprise, christy's home, and the murder scene. round-tri

so, fed is still - whether it's the chair himself bowman, or waller overnight wa obviously hawkish. he can - write? we think it's going to weaken, more evaluations are kind of rich, right? so, are the bulls really abl to stay in control in the face of all of that now, they have been, they have been but for how long >> they are in control because of the predominance of mega ca equity that is why they are i control. so, you were mentioning with federal reserve, it's not just the federal reserve. the bank of england with a surprise hike. we talked about an economy - >> rise at 50. >> again, the premise that the economy, we are going to have soft landing and the economy i actually resilient, and th economy is accelerating, how can anyone say that? if you look at a two versus ten-year, as a deep inversion, not only here in the unite states, look overseas, look at germany. germany's two versus ten -- easiest inversion since 1992 that's not a sign of growth in the economy. >> but you say none of tha matters, as long as mega cap tech has a bid, because it's - the place you can find growth.

desantis is like a baby george waller. host: what are you doing in baltimore? caller: i am getting ready to open a business. host: mr. risen? guest: i think he is absolutely right. we have so many racial problems today. it is easy for people to say nothing has changed. you look at what happened in 1963. fire hoses, dogs on children, george wallace staing in the schoolhouse door to try to prevent qualified, brilliant, black students from attending a public university. it is night and day. so much of it was because of the civil rights act, not only because of the specifics of the act, but the moral position that all of washington, both congress and the white house and a bunch of the supreme court took in backing this legislation, saying from now on, the federal government is behind the equality of the races. we can debate whether the bill went far enough, whether anything went far enough. the amount of change that happened because of it is astounding. host: clay risen, the night of that speech, june 11, 1963, there was also an assassination. guest: that is right.

make its way further out of just the confines of the fort and out further into hampton, as as in waller county, which is now newport news, and then eventually over to norfolk, more and more people started coming to the fort because as many of the confederates were fleeing. well, those individuals and this is a famous drawing that was done. and so if you visit fort monro you actually have to go throug that needle, i call it the needle don't go through it a bus unless you know drive a bus, go through it in a small vehicle, you can because it is a narrow opening. they renamed that pathw freedom way. this idea of seeing fort monroe as freedom'fortress because these individuals were accepted. if you imaginee was no way this fort could accommodate thousands ple coming in and living on the grounds of the for the fort had one big problem and that was water. they were surrounded by water, but they had very little fresh water. in fact, that would continue to be an issue for the fort, even through the 1880s and nineties. and so they could not accommodate a lot of people. in fact, many of the soldi

and paul waller helped to find the wreckage of the titanic of which there's been numerous movies and documentaries and stories told about those that dive down to this incredible wreck. michael harris, let me start with you, if i may. >> sandra: i know that you're friendly with p.h. you led one of the largest expeditions and salvaged 1,800 artifacts and eight dives. you also took your 13-year-old son on one of these missions and made him the youngest person to dive to titanic. michael, given that, given that there's a father-son team on this vessel right now what are your thoughts? >> at this point, our hearts go out for everyone on board, including p.h. just seeing this tragedy play out, it's horrifying for us in the community. we're a small community. i ended up making 14 dives to the titanic salvage recovery in 05. i took my son. he set a world record. we know what it's like to be in that submersible. for just looking at this situation, i just can't imagine what the occupants went through or are going through at this very moment. there's so many multiples that can go wrong. it's a

desantis is like a baby george waller. host: what are you doing in baltimore? caller: i am getting ready to open a business. host: mr. risen? guest: i think he is absolutely right. we have so many racial problems today. it is easy for people to say nothing has changed. you look at what happened in 1963. fire hoses, dogs on children, george wallace standing in the schoolhouse door to try to prevent qualified, brilliant, black students from attending a public university. it is night and day. so much of it was because of the civil rights act, not only because of the specifics of the act, but the moral position that all of washington, both congress and the white house and a bunch of the supreme court took in backing this legislation, saying from now on, the federal government is behind the equality of the races. we can debate whether the bill went far enough, whether anything went far enough. the amount of change that happened because of it is astounding. host: clay risen, the night of that speech, june 11, 1963, there was also an assassination. guest: that is righ

something powell is talking about as well when it comes to real estate exposure >> it's something waller has talked about as one of the hawks on the committee who said, look, we're not going to let monetary policy be determined by some mismanagement at a small number of banks so, the hawks want to blow through this whole dynamic and not pay too much attention to something that some would argue is already in place anyway that is lower demand for loans. >> and the doves would say we haven't felt the full impact of the credit tightening as a result of the pain, which is ongoing in regional banks. we need to watch the stocks. they've had a nice rebound in carl, june, but that index is still down, as you can see, more than 30% year to date. for more on how we're trading, let's bring in cnbc seniors market commentator, mike santoli. hello. you're watching investors coming to terms with the fact there may not be a rate hike cut coming next year, bostic said that yesterday. how is that impacting the rally? >> and even when the market was pricing in cuts. they're no longer doing that i think we'r

chris waller says they want to do that theyville have more data on banks.f you talk to bank ceos they will tell i think credit is tightening faster than the fed thinks. charles: right. >> so it maybe goes from skip to pause very quickly. >> chris, that so, so much. folks later on my takeaway, on insiders, silicon valley insiders cashed out big on the spac bust i think it is criminal. i will go into details that will shock you. i'm consistently making, help you make money. of course on this show, so many ideas, so many amazing guests, never enough time to share my thoughts. check them out for yourself. i write every single day. go to my website, wstreet.com. i know you will love it. >>> all right, folks when investors are talking and worry about the fed when we're not doing that we're talking and worrying about a.i. those are the only two things we talk about today. can a.i. live up to the hype are and more importantly can you make money with it? i want to bring in ubs managing director alli mccartney. start with some of things you think with respect to gene

we haven't seen the slowdown and we did hear governor waller an uptick in housing might mean there isn't going to be relief coming and a shorter -- how are you thinking about that and how that played in today's outcome? mr. powell: we need to see rents bottom out or at least stay quite low. because we want inflation to come down and rental is very large part of the c.p.i., about a third to half of that. so it is important and something that we are watching very carefully. it is part of the overall picture. i would not say it is the decisive part, but take a step back. look at core inflation over the past six months, you are not seeing a lot of progress, not the kind of progress we want to see. it is hard to avoid that. the median went up significantly so that the median participant now thinks that that core inflation will be 3.9% this year. once again, every year for the past three years has gone up over the course of the year. and it is doing that again. we see that and see that inflation forecasts are coming in low again and that tells us that we need to do more. that's why you see the