bailey, if private bailey -- equity and other big investors by more of the housing stock, what will be the impact of rent prices? >> i think we can expect that rents will increase, putting more pressure on families incomes and having them stretch their then budgets -- then budgets --thin budgets. can lead to gentrification of neighborhoods and displacement. that is a challenge when equities firms -- equity firms purchase policies. >> the solution to bring down housing -- costs is clear. build more housing and loosen big investor's grip on the market to make sure it is families that have an opportunity to buy a home. there is a third step that the federal reserve chairman should take. thank twice -- think twice before tearing through aggressive rate hikes that will only make the housing crisis worse. thank you for being with us. >> the war -- senator warren. that concludes the questioning. thank you to the west -- what is this. for -- tuesday, july 28 -- ari, thursday, july 28. -- sorry, thursday, july 28. the hearing is adjourned. [laughter] [scattered conversation]

bailey, if private bailey -- equity and other big investors by more of the housing stock, what will be the impact of rent prices? >> i think we can expect that rents will increase, putting more pressure on families incomes and having them stretch their then budgets -- then budgets --thin budgets. can lead to gentrification of neighborhoods and displacement. that is a challenge when equities firms -- equity firms purchase policies. >> the solution to bring down housing -- costs is clear. build more housing and loosen big investor's grip on the market to make sure it is families that have an opportunity to buy a home. there is a third step that the federal reserve chairman should take. thank twice -- think twice before tearing through aggressive rate hikes that will only make the housing crisis worse. thank you for being with us. >> the war -- senator warren. that concludes the questioning. thank you to the west -- what is this. for -- tuesday, july 28 -- ari, thursday, july 28. -- sorry, thursday, july 28. the hearing is adjourned. [laughter] [scattered conversation] or online at c-span

bailey, if private bailey -- equity and other big investors by more of the housing stock, what will be the impact of rent prices? >> i think we can expect that rents will increase, putting more pressure on families incomes and having them stretch their then budgets -- then budgets --thin budgets. can lead to gentrification of neighborhoods and displacement. that is a challenge when equities firms -- equity firms purchase policies. >> the solution to bring down housing -- costs is clear. build more housing and loosen big investor's grip on the market to make sure it is families that have an opportunity to buy a home. there is a third step that the federal reserve chairman should take. thank twice -- think twice before tearing through aggressive rate hikes that will only make the housing crisis worse. thank you for being with us. >> the war -- senator warren. that concludes the questioning. thank you to the west -- what is this. for -- tuesday, july 28 -- ari, thursday, july 28. -- sorry, thursday, july 28. the hearing is adjourned. [laughter] [scattered conversation] >> here is what i -

and andrew bailey is well _ higher, i expect. and andrew bailey is well aware - higher, i expect. and andrew bailey is well aware of - higher, i expect. and andrew bailey is well aware of that i bailey is well aware of that and that was his warning at the last meeting that they were looking at double—digit inflation by the end of the year and now he is saying it is likely. they will go up half a percent at the next meeting. how effective is this in terms of what the economy is doing? interest rates have gone up month on month for quite a few nous. , , ,., ~ month on month for quite a few nous. , , ., _ nous. he is spoken previously about an _ nous. he is spoken previously about an uncomfortable - about an uncomfortable trade—off that he and his eight policymakers have to make. by increasing interest rates they are trying to deflate domestic demand and domestic consumption — — inflate and the use the word domestic because a lot of the inflation is coming through importers external through the uk, mainly through energy and also through food and it is a very uncomfortable hav

and andrew bailey acknowledged the growth in fixed rate mortgages. people taking them out during the pandemic to take advantage of the rock bottom interest rates now. they're coming up to the end of the term and they're going to have to face the rising interest rates. but the flip side of that is when you've got a more fixed term mortgages, it weakness -- weakens the transition rate but the bank of england ok with that at this point. and bailey was asked the press conference about the suggestion of 40 to 50-year mortgages and interestingly, the bank said that it's open to reviewing that. so leaving the door open. if he shot that suggestion down, the government would be very unhappy because it is going to help first-time buyers get on the property. kriti: lizzi burden giving us all things boe. thank you. let's bring in melanie baker, senior economist. melanie, i want to pick it up where lizzi left off here. the housing situation the u.k. how concerned should the boe be? melanie: i think she's back to pick out the point of her own fixed rate mortgages.

you heard andrew bailey say that 50 is on the table. it is not locked in, but perhaps he doth protest too much. inflation has not peaked yet in the u.k. it is heading toward double digits when energy bills are set to rise in the fall. what andrew bailey said last night is that inflation will fall rapid next year below target in 2023 and it will hit the target in 2023 and then below target eon that. dani: alongside bailey was the chancellor. what was his message? >> unlike some of his conservative colleagues, he was much more conciliatory and tone about the bank of england and he had an opportunity to clash with the boe on financial services regulation, but he did not take it. the government wants these call in powers where it can veto financial services regulations that are independently set, which would bolster post-brexit powers, but the government is not taking that at the moment. instead, it is going to wait until there is an prime minister and chancellor, although rishi sunak, who is running to be the next pm, is said to be in favo

some breaking news from the old bailey. the actor kevin spacey has pleaded not guilty to five sexual offences at the old bailey this morning. we heard from our correspondent earlier, telling us about this case. the actor is charged with four counts of sexual assault against three men. and he has also been charged with causing a person to engage in sexual activity without consent. the offences are alleged to have happened between 2005 and 2013 in london and in gloucestershire when kevin spacey was artistic director at the old vic theatre. kevin spacey this morning pleading not guilty at the old bailey to the five sexual offences charges. the time is 9:57am. here is matt taylor with the weather forecast. temperatures down on what we have seenin temperatures down on what we have seen in recent days. but the midlands, the chance of some showers, northern ireland brightening up through the afternoon, showers mainly across scotland and eastern parts of england, as far as the east midlands and east anglia but in the sunshine in th

., we can go live now to the old bailey- - -_ we can go live now to the old baile ...~ ., bailey... when you a13 your mother videoed steve _ bailey... when you a13 your mother videoed steve assaulting _ bailey... when you a13 your mother videoed steve assaulting you, i bailey... when you a13 your mother videoed steve assaulting you, the i videoed steve assaulting you, the police were involved, and that resulted in your mother and steve separating. —— when you were 13. you also had a very difficult time at school due to your deafness and you were the victim of severe bullying. you were diagnosed with autism at a young age and went to school for autistic children, but you did not thrive there. your behaviour deteriorated further when your mother became involved in a same—sex relationship. you were in and out of care, and irreparably damaged by your early childhood experiences and by your learning disabilities. throughout your childhood and adult life, you had a very strong and positive relationship with your maternal grandparents. you love and love your nan very much, and she lo

bailey set about making housing more affordable for families. >> certainly the supply is required and i know it's not a one-year solution but from the rental subsidy with the long-term supply solutions one looks back in the u.s. history and theree were times when we would encounter and then we came out of the recession and often when we came out it was due to the housing production building more apartments and single-familye homes. the recent great recession was a littlen different because the housing market came slowly. the building activity came slowly with small mom and pop builders not reentering the market so in the past we had a tremendous amount whether it's apartment, single-family, adding to the economic impact and whether on the rent side so wee boost supply and have to address the short-term needs. >> thank you and continuing we know the fed raised interest rates so far this year and they may do it again. people expect. discuss with the rising interest rates mean in terms of their monthly costs. and then if you can estimate how many people do you estimate this pushes out of

breaking news, andrew bailey, bank of england governor has released tech speech. in it, he says specifically that 50 basis point hike is being considered in august, but that is not locked in for august. considered, not locked in. i do not know if that gives clarity to the market, the cable rate along the highs of the session for that. the heatwave for the poa and ecb -- boe and ecb is one of the challenges facing the central banks. the ecb may consider raising its basis points 50 basis points. -- are going to potentially go 50 in the middle of this energy crisis. joining us is vincent, generali head of investment strategy. do you think we are going to see 50 on thursday from the ecb? >> we are looking for 25. i have to say, there is discussion also that there might be a trade-off of 50 basis points to please the odds in tandem to the fragmentation tool, which is meeting quite some resistance. i hope we do not go into that kind of straight off, the rate should be allocated to the inflation problem. that is a possibility. anna: there are some who are quickly shuffli

sarah campbell at the old bailey. hundreds of british dentists are having to treat patients with serious complications after they had cut crowns put in abroad according to the british dental association. the research done for a bbc documentary has discovered that the latest look, seen on love island and on social media, has given some people their dream smile but left others asking the nhs to pick up the pieces. divya talwar reports this is one of the latest beauty trends that has taken off on social media. it is all about getting the perfect smile by filing down most of the natural teeth and gluing a cap or crown on top. it's been dubbed turkey teeth, because it's one of the most popular destinations people are travelling to for this. cosmetic dental work is much cheaper in turkey than any the uk. tillie is 22 and says —— tilly is 22 and says she hated her old teeth. ever since a young age, i was bullied for my teeth so i grew a complex against them, i didn't like 'em. i was called things like bugs bunny. how pre

the man accused of murder in london appears at the old bailey. coming up in half an hour and ciders view of events in the uk and around the world in dateline. the conservative party has suspended the mp chris pincher, who stood down from his government role following allegations he assaulted two men at a private members club on wednesday night. he quit his post yesterday, saying in a resignation letter he "drank far too much". two senior female conservative mps, caroline noakes and karen bradley, had joined labour in calling for his suspension from the party — and said there should be a new code of conduct for mp's. with the latest from westminster here's our correspondent nick eardley. last night chris pincher resigned his government role after allegations that he had grouped two men. he had been drinking here, a private scope in london, with other conservative politicians. he admitted drinking too much and said he had embarrassed himself. we take over the things _ he had embarrassed himself. we take over the things incredibly _ he had embarra

good to speak to you today, vanessa bailey, independent. during this life on our team. thank you. electricity prices in europe have hit their highest level on record. i made uncertainty over russian gas supplies and current gas price rises. german chancellor love shore since we're in the past, we are of the economic crisis will neither be short or easy. i just saw one thing is very clear. the current crisis will not be over a few months. we have to be prepared for the fact that this situation will not change in the foreseeable future. in other words, we are facing a historic challenge. others. while amid the current gas supply crisis, germany could be facing even greater pressure after all. sure. oil and gas workers in norway went on strike the countries a major gas exported to the e. u. and light of the current market difficulties. the german government is proposing an amendment to energy laws to be light firms in dire need. under the proposals, the german government will have the right to buy steaks and energy companies that are struggling with storing gas import pric

trey: kay bailey hutchison from the great state of texas. >> thank you, trey. trey: ahead, january 6 committee held another hearing this one focused on president trump's state of mind, actions and inactions while the capitol attack was on going, more hearings are planned for the fall. are minds being persuaded. >> you have ask the questions, next on "sunday night in america." >> tech: when you have auto glass damage, trust safelite. in one easy appointment... ♪ pop rock music ♪ >> tech: ...we can replace your windshield and recalibrate your advanced safety system. >> dad: looks great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ this isn't just freight. these aren't just shipments. they're promi

trey: kay bailey hutchison from the great state of texas. >> thank you, trey. trey: ahead, january 6 committee held another hearing this one focused on president trump's state of mind, actions and inactions while the capitol attack was on going, more hearings are planned for the fall. are minds being persuaded. >> you have ask the questions, next on "sunday night in america." >> tech: when you have auto glass damage, trust safelite. in one easy appointment... ♪ pop rock music ♪ >> tech: ...we can replace your windshield and recalibrate your advanced safety system. >> dad: looks great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ ♪ bum bum ♪ ♪♪ here goes nothing. hey greg? uhh, hello? it'

ian bailey. the — now. i've explained to you why. ian bailey, the governor _ now. i've explained to you why. ian bailey, the governor of _ now. i've explained to you why. ian bailey, the governor of the - now. i've explained to you why. ian bailey, the governor of the bank i now. i've explained to you why. ian bailey, the governor of the bank ofj bailey, the governor of the bank of england off £1 million salary singly much have wage strike in this country. we've got the government imposing a 2% plus 1% for reforms pay cut or public sector workers. we've got a government to a thing we must not let wages rise at a time when inflation is going through the roof. we haven't made it a broader feeling, this is government policy to keep wages down, keep workers poor and private companies raking in profits. we are not prepared to stand for that. anyone having it rough on a strike to commit characters, nhs workers, i hope they are listening to this, because they deserve a pay rise to. we are prepared to support them in that. we are in solidarity with everyone in this countr

the moment today that judge sarah munro qcjailed ben 0liver at the old bailey for the manslaughter of his grandfather. you will not be released by the parole board unless they conclude that you no longer pose a risk to the public. that concludes these sentencing remarks, and he may go down, thank you. from today, news channels can televise judges sentencing the most serious of criminals in england and wales, starting with cases at the old bailey. scotland already allows cameras into courts, but few cases there are ever broadcast. for more than a century, these benches have been the only way the public have been able to witness trials of gangsters like the kray twins or serial killers including peter sutcliffe. the tv cameras still won't be able to film defendants, but, for the first time, the audience will be able to watch and listen to the judge as he or she sentences serious criminals, fulfilling a maxim of the law that not only should justice be done, it should be seen to be done. i find the defendant, 0renthaljames simpson, not guilty of the crime of murder... you won't see scenes

trey: kay bailey hutchison from the great state of texas. >> thank you, trey. trey: ahead, january 6 committee held another hearing this one focused on president trump's state of mind, actions and inactions while the capitol attack was on going, more hearings are planned for the fall. are minds being persuaded. >> you have ask the questions, next on "sunday night in america." ♪♪ is this where your grandparents cut a rug, with a jitterbug? or returned from war, dreaming of the possibilities ahead. ♪♪ where your dad waited for his dad to come home from the factory. is this where they gathered on their front steps, with fats domino on the breeze... ancestry can guide you to family discoveries in the 1950 census. see what you can uncover at ancestry. trey: fox news alerted out of san pedro, california, 4 people hurt after a shooting near a car show, los angeles fire department twitter signaled a tactical alert at peck park. information is limited no word on shooter or condition of the victims, head to fox news.com for latest updates. >> on capitol hill, jan

andrew bailey weighing in on this, it slumped to a 19 month low. gold drops to the lowest in six months. the dollar rallying to the highest into years. not seeing the same moves translated to energy sectors across asia, we are seeing steep drops across the board. china is another factor that complicates, because it was something holding up commodities, we are seeing lockdown concerns resurfaced, more cases in eastern provinces. haidi: china has reported more covid-19 infections. let's bring in our shanghai bureau chief. what are the implications for policy? reporter: after discovering hundreds of cases, the province has reacted by locking down in the past two days. this is to prevent spillover into the rest of the delta which is hugely important to the chinese economy. it accounts for one quarter of china's gdp. shanghai noticed 24 cases. this is the highest in nearly one month. shanghai, starting last night, started mass testing in half of city districts. that is a surprise to a lot of people. people are mindful, this is the way to avoid a citywid

the bank of england governor andrew bailey, putting 50 basis points on the table when it comes to that august decision from the central bank of the u.k.. inflation rates coming in higher than forecast for the month of june. spanish ibex of 26 points. if you more details coming up around the potential bailout by the german government. that is expected to land on the chancellor's desk friday. breaking down the assets, we keep an eye on the commodities price -- commodity space. that volatility is at the uncertainty is expected to remain around how much gas russia will be popping -- pumping into europe. euro-dollar up 102. -- 1.02. that has risk positive the last couple sessions. brent at $106, down 1.1%. there's no upside for the crypto space, gaining 1.8%. francine has been on vacation, i want to ask, if there's a correlation between vacationing in italy and the political strike, country. i have to say, it was a quiet day. everyone started talking about it. they're worried about financial markets. italian savers by bonds at the post office will talk about spreads. they are believers in e

the pound we are watching for what we hear from andrew bailey this morning. in terms of brand for a month -- in terms of brand, $113. currently down .3%. let's see how things are moving in terms of individual corporate stories. kkr with a bid for deutsche telekom's tower business, it could be the biggest infrastructure deal of the year. deutsche telekom could make a decision as soon as this week, currently getting .2%. sas, a drop of close to 8%, the biggest airline in scandinavia filing for chapter 11 bankruptcy the second time in two years. conversations continuing with debtholders and investors on whether they can convert some of that debt into equity, a day after their pilots union voted on a strike. a reminder of the pressure on airlines. valora, you will see a big move, a 52% premium for this owner of kiosks in switzerland. we will keep an eye on this story, the move will be big, just wait for that. francine: i wake up talking about going on holiday, now let's get over to the mliv managing editor mark cudmore looking at holiday package, he is looking at

we understand he will be departing the old bailey in the next few minutes. just wait until you see the camera bulbs going. he will be getting into the car and then he will leave. here he comes. it was a very brief appearance this morning. it was the first stage of the crown court appearance. just getting into his car there. you probably can't make him out, but as you can see fairly chaotic scenes as he is getting into his car. and he will be driving away. his court appearance lasted about 20 minutes in the end. and he appeared, he was wearing a light blue suit, a white shirt and a blue spotty tie. he spoke very clearly to confirm his name as kevin spacey fowler and his date of birth. and he answered not guilty when the five counts were put to him. and as he drives away, i will go through those charges. mr spacey has been released on unconditional bail. he will be due back here injune 2023. that's the trial date that has been set, after the five charges. he has been charged with two counts of sexual assault on a man now in his 40s in march 2005 in london. he

at the old bailey, oscar—winning actor kevin spacey has pleaded not guilty to four charges of sexually assaulting three men. and a secret self—portrait by vincent van gogh has been discovered by experts in scotland. and coming up on the bbc news channel, after a thumping defeat in the first one—day international, the series is on the line forjos buttler�*s england in the second game against india at lord's. good afternoon and welcome to the bbc news at one. conservative mps are voting right now in the second round of the contest to replace borisjohnson. one of the six candidates will be knocked out when the results are announced this afternoon. the former chancellor, rishi sunak, topped the first round yesterday. the trade minister, penny mordaunt, was second. the third—placed candidate, liz truss, has formally launched her campaign with a speech promising tax cuts and a reversal of the national insurance rise. she said she had the experience to run the country. our political correspondent jonathan blake has the details. our next prime minister. the foreign secretary liz truss

david bailey of blue field landed in normandy and was in the battle of the bulge. >> i'm the oldest veteran at a hundred years old. >> better these helped liberate the dachau concentration camp. marvel recalled passing his brother on the street in germany not recognizing him in uniform since they were both deployed two years. they made it home to their family dairy farm. >> we went by the statue of liberty and in our mind was we might never see it again but we made it back a lot of us. >> leslie of pennsylvania joined marvel and bailey as they received their medals at the french embassy in washington, d.c. >> i don't want them to make any more veterans. >> benjamin of west virginia came ashore in france months after d-day and sooefrmd under general patton. he couldn't make the journey to receive his medal first awarded by napoleon. >> it was meant to express appreciation for the courage of our soldiers. >> the leakage of honor is france's highest honor so for them to bestow such an honor on these three gentlemen speaks to the depth and the historical commitment between our two countries. >>

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets, called profi tim with full storage facilities and a desperate needful grain around the world. how these farmers o been ukrainian ports on the black sea will soon be reopened. reasonably partners in all duel. meanwhile, on wall street, investors are gearing up for what the business press is calling a make or break week. our correspondent yann's corta is at the new york stock exchange. kenzie is a really a make or break week general in general, i would say a yes say so much at stake him in the next couple of days. i mean, on wednesday we have the next meeting. there's no doubt that we will see an interest rate increase. the question is, by how much by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong so far here then on thursday we will get the latest 3 the, the 1st reading on g d p numbers and just remember in the 1st quarter g, d, p drop by 1.6 percent. so if the number for the 2nd quarter should

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets comb with full storage facilities and a desperate need for grain around the world. these farmers, a whole been ukrainian ports on the black sea will soon be reopened. moving on recent heat waves and made one thing clear, the world is halting up as temperatures rise. research as a warning, the global economy faces major losses. if humanity fails to act on climate change. we don't slow global warming in line with the paris agreement, global g d. p will contract by 18 percent by the middle of the century, according to zurich based re insurer swiss re, it's warrant that economies in asia will be hit hardest. in fact, china is at risk of losing nearly 24 percent of its g d p. in a severe scenario, europe could lose almost 11 percent words biggest economy though the u. s. central is close to 10 percent. so to discuss the risks facing global economies, i'm whether or not governments are awake to these risks i'm joined in the state of i as in their engine from d to environment. thanks

andrew bailey recommitting to that 2% target. i mentioned autos as being the biggest drag across the dax. that is the biggest sector posting the biggest losses, followed by insurance and banks, also under pressure. retail getting 0.6%. consumer products in a similar picture. let's get back to the macro. the imf cutting growth projections this year and next, warning that a broad-based surge in inflation poses systemic risks to the country and the global economy. we are joined by the chief economist at socgen. let's start with the socgen forecast when it comes to cpi. is 8.8% in line with how you expect things to shape up? >>>> absolutely, but i think the key point that i'm watching here is not just the headline cpi numbers, but also what will be happening on the core numbers. we have actually seen a slowdown in u.s. forces. that is what we are seeing right now. we are at this crossroads where there are a number of signs of underlying slowdown in the u.s. economy. we just mentioned that the is revising down its outlook. i think wha

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets comp, will fit in with full storage facilities and a desperate needful grain around the world. these farmers hoping ukrainian ford on the black sea will soon be reopened. we've been moving on recent heat ways and made one thing clear. the world is halting up as temperatures rise research as a warning, the global economy faces major losses. if humanity fails to act on climate change. we don't slow global warming in line with the powers agreement. global g d. p will contract by 18 percent by the middle of the century, according to zurich based re insurer swiss re it's wanted economies in asia, will be hit hardest. in fact, china is at risk of losing nearly 24 percent. it's g d p. in a severe scenario, your appeal is almost 11 percent world's biggest economy, though the u. s. central is close to 10 percent. so to discuss the risks facing global economies on whether or not governments are awake to these risks, i'm joined in the see to why i did the ranch on from d w environment. t

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets comp perfect. yet with full storage facilities and a desperate needful grain around the world, are these farmers o been ukrainian ports on the black sea will soon be reopened, horribly partners in all duel. meanwhile, on wall street, investors are gearing up for what the business press is calling a make or break week. our correspondent yann's corta is at the new york stock exchange. jens, it isn't really a make or break week general in general, i would say a yes. say so much at stake him in the next couple of days. i mean on wednesday we have the next meeting. there's no doubt that we will see an interest rate increase . the question is by how much? by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong so far here, then on thursday we will get the latest 3 the the 1st reading on g d, p, numbers and just remember in the 1st quarter g, d, p drop by 1.6 percent. so if the number for the 2nd quarter sho

every month but is extremely expensive on to dust and in the end it means that ukrainian farmers, a bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate needful grain around the world. harley's farmer o been ukrainian ports on the black sea will soon be reopened, horribly, perkins in all duel. meanwhile, on wall street, investors are gearing up for what the business press is calling a make or break week. our correspondent yann's quarter is at the new york stock exchange. kenzie is a really a maker break week general in general. i would say a yes. so much at stake him in the next couple of days. i mean on wednesday we have the next meeting. there's no doubt that we will see an interest rate increase. the question is by how much by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong. so far this year then on thursday we will get the latest 3 the the 1st reading on g d p numbers . and just remember in the 1st quarter g, d, p drop by 1.6 percent

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate need for grain around the world. how these farmers, a whole been ukrainian forts on the black sea will soon be reopened. we're moving on recent hate waves and made one thing clear. the world is halting up as temperatures rise, research as a warning, the global economy faces may to losses if humanity fails to act on climate change. we don't slow global warming in line with the powers agreement. global j. d. p will contract by 18 percent by the middle of the century, according to zurich based ranch or a swiss re it's warrant that economies in asia will be hit hardest. in fact, china is at risk of losing nearly 24 percent of its g d p. in a severe scenario, europe could lose almost 11 percent works biggest economy though the u. s. central is close to 10 percent. so to discuss the risks facing global economies on whether or not governments are awake to these risks, i'm joined in the see why i didn't or engine from d w

and in the end, it means that ukrainian farmers of bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate need for grain around the world. are these farmers a whole been ukrainian ports on the black sea will soon be reopened. what were the fuckers italy outdoor? meanwhile, on wall street, investors are gearing up for what the business press is calling a make our break week. our correspondent yann's quarter is at the new york stock exchange. jens, it is really a maker break week general in general, i would say a yes. so much at stake him in the next couple of days. i mean, on wednesday we have the next the meeting. there is no doubt that we will see an interest rate increase. the question is, by how much by $5075.00 for maybe even a 100 basis points that by the way, it could also have an impact on the dollar that has been super strong so far this year. then on thursday we will get the latest 3. the, the 1st reading on g d p numbers and just remember in the 1st quarter g, d, p drop by 1.6 percent. so if the number for t

anna: that was the bank of england governor andrew bailey, seemingly struggling with his voice a little bit -- we hope he feels better -- in london yesterday. u.k. foreign secretary liz truss ousted penny morton in the race to be conservative leader. she will compete against the former chancellor, rishi sunak, now over the summer. joining us is john glen, u.k. mp and former city minister. very nice to speak with you. i know you are backing rishi sunak. we want to talk to you about that, but i wonder what you make of the policies put forward by liz truss so far, in particular her tax cut plan. what would you make of those? john: i'm not here to defend or stand up for liz truss, i am she sunak's supporter, and he has a set out clear proposals that deal with inflation, which is the major threat facing the u.k. economy and globally. i think there is alignment between both of them over the desire to have tax cuts, but for rishi sunak, this has to be on the back of growth, so we can continue to support public services and we will be able to move forward with tax cuts. liz has a different pers

we will see if that times with governor bailey. dani: that is the focus. you know what the focus is for us, it is all about parity. we will talk more about it coming up. we are at 1.0007, so close at these levels. manus: it is almost kissing that level of parity. citi have done the analytics, if gas prices spike, you are looking at 95 on this. hard landing in europe, 5% lower according to goldman sachs. we will keep you abreast as we come back on the other side of the break right here on bloomberg. ♪ manus: it is "daybreak: europe." manus cranny in dubai and dani burger in london. we can smell parity, we are almost there. the euro-dollar trade this morning just about one to one with the dollar. let's get to our guest, a portfolio manager at pine bridge investment. my favorite line of the morning is citigroup going all in on shorting the euro. is there a danger with the coming consensus? the correlation with energy prices, the higher gas prices go, the deeper below parity we go. are you all in? would you call all in ongoing short the euro? good morning. >

it is interesting you played that clip from andrew bailey. he is saying the bank of england is prepared to raise rates. to get in control of inflation. that adds to the growing sense that the bank of england is willing to risk even a recession to get control of inflation. manus: they all want optionality. it is about doing enough to quell inflation but not cash the economy. there is a whole generation that has never seen 6% rates. you know i like to talk about generations. i paid my mortgage once at 12.5%. there you go. the average kind of mortgage that i pay was 5.5%, 6%, but at one juncture it was 12.5%. dani: i have a story for you later about a friend of mine in real estate who did not realize a base rate exist because it has been zero for his entire career. this is what we are struggling with. it is a different generation. manus: absolutely. dani: lizzie, what can you tell us about the contest for the conservative party lead? >> the front is still rishi sunak you have lost candidates from the race. the former chancellor and health secret

know, some, some pretty serious offenses when a criminal or not against other people. professor tim bailey, from queen mary university london. no for that, i saw the warning ukraine and keith's forces claim to have recaptured snake island in the black sea and raise the national flag. russia says it retaliated with missile strike. so me out. post prisons, the landscape as well can be extra fired power of weapons supplied by western allies in the battle against russia. but moscow says it will step up its assault on the eastern dumbass region. the blue and yellow green flies above snake island. once again, it appears this tiny strip of land became in famous after the outbreak of the war. after ukrainian soldiers rejected an ultimatum from a russian war ship. the claim recapture of the island comes a week after russia withdrew, in what moscow called good will gesture. but that goodwill did not last long or go live with you about life. am several ukrainian service land landed on the island and took pictures with aflac. russian forces immediately launched to strike as a result of which to some o

and in the end, it means that ukrainian farmers, a bailey, benefiting from the high prices on the global markets called profit. yet with full storage facilities and a desperate need for grain around the world. are these farmers, a whole been ukrainian ports on the black sea will soon be reopened. we're moving on recent hate ways have made one thing clear. the world is halting up as temperatures rise, research as a warning, the global economy faces may to losses if humanity fails to act on climate change. we don't slow global warming in line with the powers agreement. global j. d. p will contract by 18 percent by the middle of the century, according to zurich based ranch or a swiss re it's warrant that economies in asia will be hit hardest. in fact, china is at risk of losing nearly 24 percent of its g d p. in a severe scenario, europe could lose almost 11 percent world's biggest economy, though the u. s. central is close to 10 percent. so to discuss the risks facing global economies and whether or not governments are awake to these risks, i'm joined in the see why i didn't or engine from

wouldn't be able to— perjury, the old bailey wouldn't be able to cope with the workload. are there an able to cope with the workload. site: there any options, could she appeal? yes, absolutely and i imagine she will. yes, absolutely and i imagine she with it— yes, absolutely and i imagine she with it will— yes, absolutely and i imagine she will. it will be very, very difficult _ will. it will be very, very difficult because it is a massive judgment. hundreds of paragraphs and the judge _ judgment. hundreds of paragraphs and the judge has clearly done a very, very thoroughjob. she the judge has clearly done a very, very thorough job. she will have done _ very thorough job. she will have done a — very thorough job. she will have done a thoroughjob not very thorough job. she will have done a thorough job not least because — done a thorough job not least because she will assume that someone will try— because she will assume that someone will try and _ because she will assume that someone will try and appeal the judgment. my guess— will try and appeal the judgment.

i silly brings just the freshness of a new practitioner of immigration law, louise bailey, but not misinform wickham. and oh, my dear mother, i'm well, yeah, yeah, that's if some of my clients are wants to file that number because i told her i'm like little news cases are getting dragged out for years. they're getting to line here, kind of use that kind of a debt by say, ah, with me this morning, why don't you call me paper? because i told her hi, i wish me luck. this person papers. and she said this is a sibling to sibling petition. that's been pending since night tonight, d 8, i believe are 1997. so this is like a prime example of each line that everybody talks about. you know, just get in line, just do it legally. yeah. well, it took 21 years for this person to do it the right way and then not even letting the building in. ringback ah with much assistance good. as you say, you owe swaim infiniti sink and let me go by you got of employee miss better. you will cover the again in both. okay. in your model for the kids movie. so me, who does he think dan is going on leo? oh yeah. that in any

the old bailey there. dominic we will save for another time. go. the old bailey there. dominic we will save foranothertime. in go. the old bailey there. dominic we will save for another time. in move note... ukrainian rocket strikes have forced russia to close a key bridge connecting the occupied city of kherson to the east bank of the dnipro river, in southern ukraine. the antonovsky bridge was hit overnight for the third time in a week. the bridge is a crucial supply route for russian forces occupying the city. western military sources say that a ukrainian counter—offensive in the kherson region is "now gathering place." i'm joined now by dr patrick bury, defence and security expert at the university of bath and former nato analyst. the high comms were seen as a game changer. is that what we're seeing now? , ., ., �* changer. is that what we're seeing now? �* ,., changer. is that what we're seeing now? �* y., ., ~' now? good evening. are you talking about the high _ now? good evening. are you talking about the high mars? _ now? good evening. are you talking ab

i was and i silly brings just the freshness of the new practitioner of immigration law. louise bailey, had not met him, thought wickham. and oh miss your mother. i'm with some of my client that wants to file that lump. and that is something because i taught on like little use cases are getting dragged out for years. they're getting to line here, kind of use that kind of a dread bye . ah, with me this morning, why don't you tell me papers? because a daughter, i wish me luck this person. and she said this is a sibling to sibling petition that's been pending since night to 98, i believe, or 1997. so this is like a prime example of these lines that everybody talks about, you know, just get in mind, do it legally. yeah. well, it took 21 years for this person to do it the right way. and then not even letting the building in. ringback with rental assistance, feel good as you are. oh, swipe manfully the sink and let me go by you. i haven't thought of you miss better . you will cover the gig and wilson. okay. in your model for the kids movie so me because you ain't dentist, leo. oh and you had

minds was we might never see it again, but we made it back, a lot of us. >> leslie joined marvel and bailey as they received their medals. >> i don't want them to make any more veterans, you know, no more wars. >> benjamin came ashore a few months after d day and served under general george s. patton. he couldn't make the journey to receive his legion of honor medal first awarded by napoleon. >> it was meant to express the gratitude of the nation for the courage of our soldiers >> this is france's highest honor, and so for them to bestow such an honor on these three gentlemen speaks to the depth and the historical commitment between our two countries to fight for freedom. >> a reminder that war is still raging in europe, a replica of lady liberty, a gift to the american people on july 4, 238 years ago, adorned in the ukraine flag in front of the french ambassador's residence. in washington, jennifer griffin, fox news. >> eric: the greatest generation. we thank them for our freedom. there you can see a news conference about to begin shortly in uvalde, texas. that's on a report from the law e

no gisela bailey is disaster, about putting immunization ah, one is suspected to have been running experiments on takes it still takes are infected with zika virus, west nile fever, dingey fever and other equally dangerous pathogens. and then released into their natural habitat. neither ukraine nor the u. s have denied that the pentagon is linked to bio labs in the country. ah, ah. since 2018 under road number 928, issued by ukraine's ministry of health. international pharmaceutical companies have had access to the country's hospital patients as a testing ground, including children to special safety measures in the handling of hazardous micro organisms are very expensive. i think a lot cheaper and easier to conduct that kind of research in countries where lives are of low value to the usa. the west, of course, does not care about the lives or the conditions of the ukraine or the population. it is also been historically eyed by people like adolf hitler and the german were war to strategic plans for defeating russia. ukraine was rich with oil and it was always i'd as a natural resource ah, area

i was, i silly, brings just the freshness of the new practitioner of immigration law. louise bailey, have not met him. thought with god. oh, my stepmother, i'm with some of my clients that wants to file that stuff does i told her on like love those little news cases are getting dragged out for years. they're getting to line here kind of use that front of it. read by say, ah, with me this morning, why don't you tell me papers? because i told her, i wish me luck. this person papers you to let me read. and she said, because this is a sibling to sibling petition that's been pending since night to night. d, a i believe, or 9 to 97. so this is like a prime example of each line that everybody talks about, you know, just get in mind. do it legally. yeah. well, it took 21 years for this person to do it the right way. and then not even letting the building in. ringback with much assistance, feel good as you so your full swan mentality. think let me can i by you haven't but i don't miss better. yeah. well, kevin, again in boston. okay. in your memo for the kids movie. so me who does the main th

i was and i silly brings just the freshness of the new practitioner of immigration, la louise bailey, but not met him. thought we'd gone. oh my dear mother, i'm well yeah, yeah, that's if some of my clients that wants to file that lump it because i told her i'm like little news cases are getting dragged out for years. they're getting to line here. can have that kind of a trad by sailor. ah, with me this morning. why don't people me paper? because they told her, i wish me luck. this person papers i need. and she said stupid. haas this is a sibling to sibling petition that's been pending since night tonight. d a i believe are 1997. so this is like a prime example of each line that everybody talks about. you know, just get in mind just do it legally. yeah. well, it took 21 years for this person to do it the right way. i don't not even letting people in the building in. ringback ah, a bunch of business feel good as a full swat main thing that these things let me. can they why you got to include miss good or you're welcome. have a degree in boston. oh okay. in your middle for kids lobby. s

my daughter, bailey says, go area which is was so good to be would be a governance co conflict from this. do you want to call the store and you will be watching, right? ah, ah, a little or he's really he feels little like this. she's with really little do with that show you spoke little b o a, but you will see on yes, but he'd say i spoke with you to do what you scared and thought c o a with re world is with you. i really need we believe there is in fiji initials up. i believe i need to keep us fully media and was telling us some of us but digital my land records show cuz it was level in more detail when you came in yet. sure. switch. you know, are they people going and then you should get the most to which to shoot. first one is a sub with customers to produce was up with the at the look on your bill with almost a minion lee. and you talk a could tell you more toy shop, what the new food joke are doing. you said 2 bytes. so say if you have a nice design or what do you like me to knock on? free is days. what they'll see me ask you what was totally new or just blue shirts, putting it in c

this is miss bailey, but there are a status with now wash, palazzo what was in your notes that she was not at the response of the should one like the lighter shampoo with north your computer? yes. ah ah, what more or less was this the guy with with the new mine with machine. yeah. you're done with them but when i lost them cut on? no, i just, i got all the i just want to talk with me now in this company a. so one moment that i was pretty low. yes, we should brown look up what not go away from me and they retired. interested coming up from gyla, immediately annual pro. so for sure. what is that one little corey dog, which is 2 cooks here. it's a cold water. so donald, yes, are going to chase we put a wrongful come with a community here because he was still working near bullhorn report. personally, we could do a sort of deal at the place to live, to cook with the pin the blossoms. the issue on the hud, you records with students already at, along with us for quite some time longer below we wish you solution. smith mean miss also, the more tells me is new money is on board. you voted was w

like you can see any when you live water that you go home and that the pillows maybe with a lot the bailey stores, the stuff that on there are those tell you what you more what i'm with the machine will know 3. got your, our school community still by beulah, not that much in that, i bought a book that i'm also got out there. got not your complex, but now circle of be mature and you don't really spend your pilot but a way and then we'll transport book in that unit. so that will be a prompt you 3 more much of what part of the main motion i made martin got totally got the worst of money. we know we got new guy was mostly steep, but the most look got to look up with up still let you know, i'm going to be an issue here. one motion, but motion i will out. but on the got the work we to show up. if you share me with a visit it does, it is not foot truck. i was going to be sure with a little bit. it was so she can you pick that if i did it, she has gone sheet. we know now with i think it was a school this year. the but then you see a, now they too much. ah, me, some stella blush. i see that most on