7 Burst results for "Bank Of England"
"bank england" Discussed on Grant’s Current Yield Podcast
"The closet holds I think the ballroom holds about 450 out the ocean but we in compliance with the with the ruler of the state New York Governor his honor Governor Andrew Cuomo. We're going to have like a hundred twenty five people. They're just so nobody, you know catches a cold and so but the conference's is on the show is going to go on, you know, Evan wouldn't you know life is people with skim milk in their veins have canceled the Radio City Music Hall Christmas Spectacular that's off Metropolitan Opera canceled, New York Philharmonic dark. So there is one major cultural event New York as well. It's a grants conference speak English speakers include Jim chanos sales first and buys later John Paulson the hero of two thousand and seven eight and nine and Beyond who was going to talk us about what he's doing now Merlin King former governor of the bank England Henry Maxi of the UK Great Value investor dead. John Waller who's a short-seller of biotech stocks will hear about the vaccine caps tnv Dylan rice, Monica Erickson Bruce flat and Stephanie Kelton who is going to tell me about modern monetary Theory. So what a day and as I say we no competition for this conference everyone else in New York is at home in bed taking their temperature seems A peculiar way to live one's life. There it is, but the Intrepid subscribers to Grants can apply for entry into this very elite group. However, as many cameras as there might be can get this on the world wide web. We have a webinar simultaneously with the in-person of that. So anyway, that concludes our advertising moment of this podcast off. So, but enter go ahead and you're going back to what you said a second ago, you said hear a lot of investors complain and a lot of investors still call themselves value investors. Just one week ago Bloomberg had a headline that read value in Jeff. Hedge fund gained 73% growth stocks and vote. I was curious why that article I pulled up the funds 13s. I'm not going to name them but they all such value stocks as karvana Shopify Zoom. I can name others, but unfortunately like that. It seems like the titles value investors a little bit like the British commander of the British Empire. Yes, it's still headed out but it's not as if we expect these people to go off and Conquer India. I am flashback from last night. I was reading reading Jim's book about a death in India and now mister Wilson went there to perform his task during The Life and Times of the greatest Victory rent..
"bank england" Discussed on Bloomberg Radio New York
"It is going to be more significant than the Bank of England. And it just means Significant number of people become unemployed, but it takes time for them to get back into the workforce Access a significant drag on the recovery. You've seen all the previous recessions in the UK when unemployment goes high. It's fine for the economy to recover, and that's why we think the recovery will be slow is in the bank thinks Yeah, And this, of course, is the worry across Europe isn't it of a jobless recovery where we do also get some data in the coming days about Claimant count about jobless claims. Change the Isle O unemployment numbers again. The bank venting in England expecting so 7/2 percent unemployment that is eye waters, like three million people out of Work. But is that also a quite optimistic? I've seen estimates for hire for the end of this year? Yeah, absolutely. For the data will get or next week will be four second quarter and again GDP data. It's pretty backward looking because the furlough schemes in place what we're not seeing in the unemployment data, at least of these big rises. Where we're expecting the rising bank. England's expecting arrives to its happen when Berlingske men's on that in October, so is being rammed down at the moment from In August, not favorites. It's being run down the medical finished so Pete comes at the end of the year. My wingman have 7.5% then we have 8.5 sentence. This works kind of the O B R U Case Watch, though, has blood and 00.9% which is really significantly higher than both our forecast in the Bank of England. I don't see, I think Are you at least that the risk the unemployment rate going higher than we expect the fall great unemployment not going is high, So this definitely hits big downside risks to the jobs market and therefore the recovery. Surely, though the key to all of this will be you know, the ever present worry around a second wave of the Corona virus and particularly in wind term, you know, talk of schools reopening and the challenges that that is going to place on on the health situation for the UK Yeah, absolutely. And I think In many ways for the economy. It's not just where the second wave happened is the risk of the second wave to that affects people's decisions on how they spend money. And the big reasons beyond what I mentioned about Children market the other degrees and think that recovery why blag is that consumers are going to be cautious there. Not only are they worried about their income, but also worried about their health. That means the less likely to go out and spend actually go out and do what we call Social consumption's two restaurants in the pub. All those things means the second way. Even the risk of a second wave. I should say, actually ahead with integration, of course in the second wave doesn't actually happened, and of course, that recovery of a completely blown off course. On the severity of the second wave, and how the government reacts. You could be looking at a double dip recession in the UK site. It is an enormous risk. Of course, Dan I can't leave it there. I have to have a positive note after all of this doom and gloom. Are we underestimating the UK economy? I mean, we're still G seven. We punch above our weight as we like to say, Don't we inventive and so on. Is there a glimmer of optimism anywhere? I don't think there are a lot of downside risks out there. But there were some upside risk, too, and I'll leave you with this one. On it. But in the aftermath of the Brexit vote, a lot of people underestimate the economy. Everyone thought there was a passage. RCMP questions Michael that was going to be a recession, the economy significantly outperformed. He calls consumers were happy that they have in their pockets and run down their savings. Now we know that evening rates have gone up significantly across the globe because of the lock down and it could just be that the lock down these I will do so comfortable about going out and spending money..
"bank england" Discussed on Bloomberg Radio New York
"Coming up this hour. Thie. UK Government pledges money for a new trade system with Northern Ireland Post Brexit despite promising no border checks on tech Cold War president Trump bands business with TIC TAC and we Chat, 10 cents. Shares slump. New UK travel restrictions for arrivals from Belgium, Andorra and the Bahamas. And French president Macron promises to return to Beirut after pledging help for the people on Leon Garen's with world news on US stimulus talks at an impasse ahead off the U. S jobs report. That's all straight ahead on Bloomberg. Daybreak Europe on the digital Radio London Klingberg 11th Rio, New York Bloomberg 99 1 Washington, DC Bloomberg 1061 Boston No but 9 60 San Francisco serious except China, 1 19 at around the world on Bloomberg radio dot com and fired the Bloomberg business. Very good morning from London. I'm Caroline Hefner. Your listing today break you of life on London, maybe digital radio. So one of the big team stay. Will President Trump's executive orders hitting China Tech? We chat operated 10 Cent shares have been tanking. In Hong Kong trading, They dropped as much as 10.1%. That would be the equivalent of $45 billion in value. Actually, the shares only down by 5.4%. Now we'll head over to Hong Kong in just a moment for a live update. But there was also meant to be no border in the Irish Sea after Brexit, But the government in the UK is now trying to prepare traders for the end of the year. So all goods going from England, Scotland and Wales to Northern Ireland will need customs declarations, even if the government is making that new system free for users. And then also will get results from UK money managers, Hargreaves Lansdown and Standard Life Aberdeen Today we'll be hearing from the CEO of Standard Life television at half past seven. That's important certainly for UK investors to see what the scene is like in Britain. There is currently 62 AM here in London. So it is time for our data check. We check the markets for you. Every 15 minutes on rages mentioned Tech shares something in China on Hong Kong, the Asia Pacific jobs by just 9/10 of one set this morning. And in reaction to the growing tensions between China and the U. S. The Offshore Yuan is also weakening the most in two weeks, so weaker by 2/10 of 1% this hour. The dollar rallies 3/10 of 1%. The pound has also been dropping on cable, down 2/10 of 1%. The bank's England governor, Andrew Bailey, was speaking to Bloomberg yesterday afternoon. Pretty late on will bring you that interview later in the show S and P 500 in many futures. Thiss morning have been weaker this as we await us civilised news, So we're down 4/10 of 1% on the S and P 500 Many futures. The U. S stocks, 50 feet is also dropped by 2/10 of 1%. The main index yesterday dropped 9/10 of 1% on US 10 year Treasury yields this morning hover at 52 basis points, dropping 1.5 basis points. So that is a look at the markets. We checked them for you every 15 minutes about the trading day here on Blue Bag radio. We take you to our top stories. Now, Starting with the UK Boys, Johnson's government is pledging £355 million to ensure the companies can complete the paperwork needed to trade with Northern Ireland after Brexit. It comes just nine months after the prime minister promised that there would be no border controls. The Cabinet office said that a £200 million trader support service will complete declarations needed on goods. Crossing to Northern Ireland from England, Scotland and Wales and then a further £155 million will be spent on developing technology to streamline the process so that when it comes to post Brexit trade within the UK Then the Bank of England Governor Andrew Bailey. I mentioned him while he says that the central bank is ready to support the UK economy through its long road to recovery. That's after the banquette interest rates on hold yesterday and release more bus projections for the U. K economy. But Bailey told Bloomberg that the risks to those forecasts are tilted to the downside. And he said that the Bank of England is ready to doom or if needed. There is a very big downside skew I think there's a lot of hard work to be done to get the economy back to where it Wass. We've had quite a rapid recovery, so I'm not surprised about us as restrictions lifted. So that was the Bank of England Governor Andrew Bailey, speaking to Bloomberg. Meanwhile, boys Johnson's decision to stick by his chief a Dominic Cummings after he allegedly broke pandemic locked down rules let her sharp dropping confidence in the U. K government. That's according to a study published in The Lancet medical journal. Researches at UCL found that confidence clearly decrease in the days after the 22nd of May, when it was revealed that Cummings Decided to drive. His wife was ill and their son 260 miles from London to dime in the north of England. Now they used a survey of 40,000 people. The research is between the 24th of April on the 11th of June to ascertain that hit to confidence in the U. K government. Now on to what's happening in the U. S. President Donald Trump is moving to ban Tic TAC. Um, we chat in the US he has signed executive orders barring US residents from doing business with the apse starting in 45 days time. So the U. S sexual ST. Michael Pompeii has been calling for Chinese owned APS to be removed from US APP stores here he is speaking on Wednesday. With parent companies based in China. Absolutely tic tac. We chat and others are significant threats to personal date of American citizens, not to mention tools for.
"bank england" Discussed on Heartland Newsfeed Radio Network
"We'll go down to the city and is that a better direction. Maybe a b but what happens when all of these municipalities all the tax money and then they're fractional reserve and we got a bunch of dams and roads and stuff and i'm going okay. That might be better than not but we still got this fracture. Where's the extra money come from the pay the interest well. That's it in the interest. The profits go back into the city that the city is required to use its profits for public purpose. No no no i'm. I'm saying that profit that they get you have x. Amount money supply you fractional reserve and you've got to pay that money has to come from somewhere or you're getting it from chicago cargo. How how does that balance out well. Let's assume that it's a government agency. That just made this loan to the government. Agency pays you the three percent you the state. The state has to spend that three percent back into the community. That's what they're required to do. It's it's now public funds to go. Oh for public purposes in the local community okay so hansol's debt that money that i gave one hundred dollars i ended the deposit is it and from that i get like a thousand dollars okay nine hundred thousand dollars that i can loan out that thousand dollars come back from interests with say ten percent interest for the i got eleven hundred dollars that one hundred dollars has to come from somewhere but what you're saying is is when they pay it back. It wipes off the other debt but you still got this hundred. I gotta do napkin here man. I just wanna make sure that i agree. There is a fundamental for i mean i would argue for a universal basic income or our our call it a national dividend because there is actually a shortage of money in the system for that reason and so you need to end the fairest way to do it. It's just distributed needed to everybody say okay. We were short this. This is the gap between dead and the money available to pay for it. We're just going to distribute it. Everyone equally and now the money's out there and now you can start paying back your debts but that would be a federal thing not a city thing. City is not allowed to draw free money money for the battery. Serve vermont is well. This is something we need to pay attention to because it got passed in the thousands into freaking california by the fact that it got passed in california may go right there okay so i'm going all right all right the ability for municipalities to take your tax money and and put it in their own bank. I guess i'm on all right as opposed to what give it. The federal reserve system better wall street. Is that yeah yeah no. I'm i'm with you on this but it does seem complicated and it seems like paperwork now. Get crypto camp but you know i think like you say they banking guy that came from canada because her changeable those bank england jackson hole wyoming all the central bank here americans what we need us libra digital kershaw really rip you off. My name is angel rich. I'm a mother of two teenage. Children and i fought all the way to the supreme court for the right to use the medicine that saved my life. I've been permanently disabled for ten years with ineffable brain tumor wasting syndrome and several other serious conditions for four years. I was in a wheelchair in so much pain. I couldn't even hug my kids leads. The hardest part was looking in their eyes and seeing how much they were suffering. Because of my medical condition the medicine that gave me my life back and gave my mom back was cannabis. Also known is medical marijuana with medical marijuana. I can walk maintain my weight and i can be your mom without it..
"bank england" Discussed on Bloomberg Radio New York
"From the US enthuse, retail sales industrial production and the premium looked at the university of Michigan confidence reading we used to have Bank England's pony. Speaking, just before tea pm London time, that's for me to hear live breaking news, type s on your Bloomberg terminal narrow. Thank you, Michael. That's your Bloomberg business flash. Now he is the on guarantee with more on what's going on around the world. Good morning, Nara. The full may Ben changing KMP co Mona is joining the dams it's needed Vince cable is cooled him. A familial serious political figure he would have a he would be positive addition. And when a previously described the Ponti as untrustworthy and said they policies. In coalition with the Tories were silly unforgivable Sudan's, former President Obama Alba she has been challenged with corruption, according to the public's prosecutor's office the challenges related to lose on suspected illicit wealth than emergency orders. The ministry to the longtime president in April following months of protests against him and finally the cartoon series. My little pony has introduced a same sex couple, that's for the first time the episode, which coincides with pride month shows on holiday, and t- lofty, you look after scuttling the Pegasus pony last month the animated series alpha introduced its first gay wedding. Global news twenty four hours a day on Aaron tick tock on Twitter, powered by more than twenty seven hundred journalists and on this symbol of the one hundred twenty countries. I'm John Gibbons? This is playing bug. Neyra began love that loss story. I was such a fan of my little pony growing up. I had so many of them. I call remember what gender they were or anything, they all seem to look female to me. I was just thinking that. To them. Because I know that you and I would talk about how much we love them. And I just remember the smell of my little pay ni you won't sorry. They used to smell used to get some that used to smoke drew Brees in criminal lovely what a nice thought for a Friday. Thank you. I'm garren, oh my little pony on my little pony correspondent with the world news. That's come back to the breaking data out of China that we've had at the top of this hour. Now again a week picture for industrial output fell further to five percent in may. The lowest level since February two thousand and two that adds pressure on Beijing to.
"bank england" Discussed on WAFS Biz 1190
"Higher by eleven point three percent in the first quarter cash and cash equivalents three hundred ninety point seven million pounds. So an interesting couple of lines here from Accardo which year to date, of course, is higher by forty five percent more than forty five percent. So we'll see the share price reaction at the open in less than an hour's time. Let's delve deeper into our top stories, and every time Theresa May thinks that she sees a way out of the Brexit quoque. Maya something happens to derail her plants the latest spanner in the works was delivered by house. Hausa common speaker, John backhoe loobox. Thomas penny has the details. He told me that if she wants to ask lawmakers device. It again on how Brexit deal you will have to be substantially changed from the agreement. They rejected last week with time. Running out ask any further concessions is increasingly likely that may will have to go to Thursday's EU council us for a long delay. Meaning it might be another year before Britain leaves the block the anger. Team is palpable in London. Thomas penny. Bloomberg daybreak Europe. Okay. Let's cross over to Singapore to talk a little bit more about where this leaves sterling David finicky from the markets lawn team joins us now, David it seems that Brexit is on hold at least in the short term. I suppose the question is whether good EKO data a little bit later. We're getting jobs fake is my to give a boost to to stunning. Yeah. I think it needs. An you catalyst separate Brexit pacey being on hold. And I think the market wants to get ahead of itself. Just given all the twists and turns that the no deal is still on the table until there's a formal extension. So I don't think once the study survey too much ahead of that. But what it could to oversee is the data comes out stronger today the data then that's positive despite at by a flash data tomorrow fairly quickly feet into Bank England decision to this week on Thursday. And obviously if they start. Sound slightly more hawkish with everything that's going on. And obviously that would be positive. Surly or take out at nine thirty AM here in London. Let's also talk a little bit about Ozzy assets. David because we've seen both the AUSSIE dollar as well as the Australian ten year yields soften on the back of Rb minutes that showed that centreback is over in Australia or in. No hurry to become dovish said the minister indicated that quite patient quotas sort of neutral between where to go next hiking or lowering was the market Jeff unease expecting rate cuts, depending on who you speak to some banks thinking like to cuts this year some of the same one. So there's a big discrepancy between the two, and I'll be as big a bastion of strength, shall we say it's really about the labor market, which sent as conforming very, well, even though other economic data says consumer confidence business confidence GDP haven't. So we've got all the payroll data out this Thursday if that comes in strong than they can maintain its however. If it comes in weaken expected an employment rate starts rising. And I think the food for folks, we say, and I think the market we thinking it's time to come out the way of thinking. All right. Thanks so much. David Finnerty for real time market, commentary and analysis. Check out markets live. That's M L I V on your Bloomberg terminal. We are going to stay with the central banking theme. It's day one or the feds two day meeting. This chief stay the central Bank is predicted to keep rates steady on Wednesday and potentially change its productions to show it set hiking once or not at all in one thousand nine hundred eighteen however, the former New York fed president William Dudley says he thinks tightening could be back on the table later this year, if the carry picks up speed again as I expect will happen and inflation starts to drift higher than the federal will be back in play. Maybe as early as the second half of this year. Darvish tell from the world's central banks has helped sputter Roddy inequities from the US to emerging markets and economists expect the fed to reinforce that stones tomorrow. Meanwhile, the US agriculture secretary says China could triplets purchases of American farm goods as part of a trade deal between the country's Sonny. Perdue told Bloomberg that the latest trade talks are very dynamic. But that there are still concerns over how to make commit Smits enforceable. He said all agreements must be fixed. And that any tariffs will be finding is one tool for enforcement. And hopefully, the Chinese will understand that it's a matter. It's like really complying with the law if you comply with your agreement, you don't have anything to worry about if you don't consequences, and that needs to be that that was the US agriculture secretary Sony, Prodi's speaking exclusively to Bloomberg when it comes to other commodities Libya's, oil Minister Mustafa. Sonallah says that the country has increased oil output by a third in the past three weeks. Speaking exclusively to Bloomberg's Sonallah said, it's a biggest oilfield, the Sharara in southern Libya is currently pumping two hundred sixty thousand barrels per day, our production, and.
Brooklyn Bank, England and Westwood discussed on All News, Traffic and Weather
"Thirty is brought to us today by signature business banking from brooklyn bank and an eighty four year old former new england mafia boss has just been convicted of killing westwood nightclub owner steve dasaro more than two decades ago he was from westwood as nightclub here in boston jurors moments ago finding says cadillac frank salami guilty in the slaying of stephen dasaro back in nineteen ninetythree also is co defendant paul has been convicted each now faces up to life in prison and there were tears in the courtroom are karyn regal is in the courtroom we're going to try to join with her live from the federal courthouse in boston daughters and we are definitely having some connection issues with the federal courthouse in boston our policies we're going to try to reconnect with karen let's go to boston defense attorney phil tracy right now he tells.