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Local elections are taking place across England today - and they're a major political test for Keir Starmer, Kemi Badenoch, and Nigel Farage. Ed Balls and George Osborne break down what's at stake in these key contests, from mayoral races to a critical by-election.Meanwhile, across the pond, Donald Trump has just hit 100 days in office. With stock markets reeling, 142 executive orders signed, and a trade war brewing, Ed and George ask how Keir Starmer should handle the ‘special relationship' with a now even more unpredictable White House?Plus, Mark Carney - the former Bank of England Governor - has just led his party to victory in Canada. A backlash to Trump, or a one-off? And what might it signal for upcoming elections in Australia and beyond?To get episodes early and ad-free, join Political Currency Gold or the Kitchen Cabinet:
With a looming election, a troublesome neighbour and a former Bank of England Governor as unelected PM, Canada is living through excruciatingly interesting times. We thought it was time to cuddle up to our Canuck cousins, and so Naomi Smith is joined for this special episode by Canadian journalist Graham Lanktree. Graham is Politico's UK trade specialist, and an ideal guide to the ins and outs of Canadian politics. How do Canadians feel about Mark Carney, a leader who has not been elected as an MP? Talking of unelected figures, what about their views on the Royal Family? As Trump bulldozes his way across the political landscape, will Canada try to disentangle its trade relations with the US, and cozy up to the EU? And How might Trump's second state visit to the UK affect UK-Canada diplomatic relations ? Get all this and more in our brilliant bite-sized guide to Canada! ***SPONSOR US AT KO-FI.COM/QUIETRIOTPOD*** Show notes: Sign up for a fee demo of politico pro HERE And don't forget to listen to the mythical and marvellous new hit podcast from the Quiet Riot stable: ALEX ANDREOU'S PODYSSEY can be found here:APPLE: https://podcasts.apple.com/us/podcast/alex-andreous-podyssey/id1798575126SPOTIFY: https://open.spotify.com/show/2x7cD3HjkOyOKTF4YT5Goy?si=e7a86b762431451fAMAZON MUSIC: https://music.amazon.co.uk/podcasts/8c996062-ef8d-42e4-9d80-5b407cb6e2e2/alex-andreou's-podysseyOVERCAST: https://overcast.fm/+ABN4Gd7AP9QPOCKET CASTS: https://pca.st/podcast/9e98d690-d812-013d-ea22-0affdfd67dbdYouTube Music: Coming Soon Or you can add it to any app, using the RSS feed: https://feeds.megaphone.fm/podysseySUBSCRIBE OR FOLLOW NOW!Our bookshop including many of the books we have featured can be found at uk.bookshop.org/shop/quietriot ***SPONSOR US AT KO-FI.COM/QUIETRIOTPOD*** With Naomi Smith, Alex Andreou and Kenny Campbell – in cahoots with Sandstone Global.Email us at quietriotpod@gmail.com. Or visit our website www.quietriotpod.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Last week, the S&P 500 fell 3.10% suffering its worst week since September last year. The Dow Jones fell 2.37%, while the Nasdaq Composite lost 3.45%. Meanwhile, in Europe the Stoxx 600 closed 0.46% lower on Friday, marking its first losing week in 2025. Nevertheless, Europe's new plans to increase spending on defence did have a positive effect on the aerospace and defence sectors. Canada has a new Prime Minister in the form of ex Bank of England Governor, Mark Carney. Although he has not actually assumed the role yet, he is already promising to stand up to President Trump. He might have to stand up to China first: they announced new tariffs (some up to 100%) on some of Canada's goods over the weekend. Our Head of Technical Analysis, Mensur Pocinci, joins the show today to explain why we should pay attention to the 200-day moving average when examining US equities charts.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Bernadette Anderko (Investment Writing)06:19 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)09:09 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Justin Trudeau, Canada's long-standing Prime Minister, announced his resignation this week, marking a seismic shift in the nation's political landscape. Trudeau's departure comes after nearly a decade as Prime Minister and thirteen years as leader of the Liberal Party. His resignation was not entirely unexpected but has sparked a wave of introspection within Canadian politics.Here is what you need to know if you don't care about Canada unless they're playing hockey or changing heads of state as told to us this episode by Evan Scrimshaw.The Breaking Point: Why Trudeau ResignedTrudeau's decision to step down was a culmination of mounting pressure from within his party and worsening public opinion. In recent months, his leadership faced escalating dissent. A pivotal moment was the resignation of the finance minister, which signaled deep fractures within the Liberal Party. Over the holiday season, Trudeau faced an ultimatum from his caucus—resign or face a vote of no confidence.Several factors contributed to Trudeau's plummeting support:* Declining Poll Numbers: Trudeau's approval ratings had been steadily eroding, with the Liberal Party polling over 20 points behind the opposition Conservative Party.* Special Election Defeats: Losing in traditionally strong Liberal ridings signaled waning public support.* Policy Disconnect: While many of Trudeau's policies were popular in principle, his personal brand had become a liability. Voters who liked Liberal initiatives often dismissed them outright when they were linked to Trudeau.Trudeau's tenure will be remembered as one of bold progressive initiatives juxtaposed with ethical controversies. On the positive side, his government achieved significant reductions in child poverty, lowered carbon emissions, and introduced affordable childcare programs. Yet, his administration was marred by scandals, including:* Ethics Violations: Pressure on the attorney general to favor a Quebec-based company, SNC-Lavalin, during a corruption probe.* Conflicts of Interest: Controversies surrounding contracts awarded to organizations with personal ties to Trudeau's family.* Housing Crisis: Critics argue Trudeau's inaction exacerbated Canada's housing affordability crisis, with rents and mortgage rates soaring during his leadership.As Scrimshaw put it, Trudeau's administration embodied “reckless disregard” for ethical boundaries. While these issues might have been survivable individually, collectively, they eroded trust in his leadership.Trudeau's resignation has thrown the Liberal Party into a leadership race. He will remain interim Prime Minister until March, with no parliamentary sittings until then. Key contenders for his replacement include:* Chrystia Freeland, the current finance minister and one of Trudeau's closest allies.* Mark Carney, former Bank of Canada and Bank of England Governor.* Anita Anand, Minister of National Defence.* Other candidates, including Francois-Philippe Champagne, Dominic LeBlanc, and former B.C. Premier Christy Clark.The party faces a critical choice: selecting a leader who can halt its decline and prepare it for the next general election. Scrimshaw warns that without decisive leadership, the Liberal Party risks being overtaken by the New Democratic Party (NDP) or marginalized altogether, as seen historically with the UK's Liberal Party being replaced by Labour.As Trudeau exits, the Conservative Party, led by Pierre Poilievre, appears poised to seize power in the next election. Poilievre, a pragmatic and relatively moderate conservative, has maintained focus on fiscal discipline while distancing himself from extreme social conservatism. The scale of the Conservative victory—whether narrow or overwhelming—will shape the trajectory of Canadian politics for years to come.Trudeau's political obituary is one of contrasts. He entered office as a symbol of youthful energy and progressive ideals, but over time, his administration became a cautionary tale of hubris and ethical lapses. His departure offers an opportunity for renewal within the Liberal Party and Canadian politics at large. Yet, the path forward is fraught with challenges, as the party grapples with its identity and viability in a rapidly shifting political landscape.ChaptersOpening and Introduction (00:00:00–00:00:45)General overview of topics, including Trudeau's resignation, Zuckerberg's changes at Meta, and upcoming political discussions.The Revival of Government (00:00:45–00:01:25)Commentary on the return of political activity in the House and the Trump administration's cabinet hearings.Justin Trudeau Resigns (00:01:25–00:08:45)A detailed discussion of Trudeau's resignation, his legacy, and the future of the Liberal Party.Global Political Trends and Liberal Party Risks (00:08:45–00:12:15)Insights into parallels between Canadian and UK politics, the Liberal Party's identity crisis, and risks of being overtaken by the NDP.Future Leadership of the Liberal Party (00:12:15–00:14:22)Breakdown of potential leadership candidates and their implications.Conservatives' Prospects and Pierre Poilievre (00:14:22–00:21:57)Analysis of Poilievre's leadership style and the Conservative Party's likely dominance in the next election.Discussion with Tom Merritt on Meta (00:39:00–00:41:07)A conversation with Tom Merritt on the implications of Meta's changes for political and social discourse.The Trump Administration's Strategy (00:26:23–00:29:56, 00:42:00–00:49:20)Overview of Donald Trump's legislative plans, reconciliation tactics, and the challenges facing the House and Senate. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe
Bank of England Governor says Budget Risks Job Losses Macro, Micro News for Wednesday 20th November 2024 MACRO Higher energy bills push UK inflation to 2.3% UK energy regulator eyes up to $10.2 billion fund to aid green targets MICRO Argo Blockchain #ARB James Cropper #CRPR Knights #KGH Made Tech #MTEC Silverbullet #SBDS Zinc Media #ZIN My book is now on pre-order! I would really appreciate it if you ordered it. Search for, “How to Become a MicroCap Millionaire - A 3 Step Strategy for Stock Market Success” IF YOU REGULARLY LISTEN TO THIS PODCAST AND ENJOY IT'S OUTPUT PLEASE CONSIDER GIVING IT A 5 STAR RATING AND REVIEW - THAT WAY MORE PEOPLE WILL FIND IT. THANK YOU
Bank Of England Governor Andrew Bailey speaks in an interview with Bloomberg's Francine Lacqua following the UK's central bank's decision to leave the key interest rate unchanged at 5.25% See omnystudio.com/listener for privacy information.
Join Danny, Molly, Zakk and Dave for industry-led opinions on important Bitcoin stories from the week. Topics this week include: Ocean Mining hit 1EH/s, SEC approves Bitcoin ETF (for real this time), Bloomberg predicts $4B ETF inflows on day one, Bitcoin ETF day one volume more than all other 2023 ETFs combined, BlackRock releases boomer ETF ad, Franklin Templeton profile picture dons laser eyes, Bitcoin ETF agendas, European Central Bank gets Community Noted, Argentina to allow regional currencies, X removes NFT support, Bank of England Governor says Bitcoin is too inefficient, Elon Musk on Bitcoin on Mars. Britcoiners is a Bitcoin podcast by CoinCorner (https://www.coincorner.com) - a global leader in Bitcoin and Lightning services. #coincorner #britcoiners #bitcoin #bitcoinpodcast #bitcoinnews
Darren Jones, Shadow Chief Secretary to the Treasury, joins the podcast to take us behind the scenes of the Shadow Cabinet's announcements at this year's Labour Party conference, including Shadow Chancellor Rachel Reeves ' speech which received 7 standing ovations and an endorsement from Mark Carney - the former Bank of England Governor.Joining our host Anoosh Chakelian from the conference in Liverpool we hear from Rachel Wearmouth, deputy political editor, and Rachel Cunliffe, associate political editor.Submit a question for You Ask Us: https://www.newstatesman.com/YouAskUsDownload the app:iOS: https://apps.apple.com/gb/app/new-statesman-magazine/id610498525Android: https://play.google.com/store/apps/details?id=com.progressivemediagroup.newstatesman&hl=en_GB&gl=USSubscribe to the New Statesman from £1 per week:https://newstatesman.com/podcastofferSign up to our daily politics email: https://morningcall.substack.com/ Hosted on Acast. See acast.com/privacy for more information.
The UK Chancellor and the Bank of England Governor have called for increases in productivity as a way of helping to brig down inflation. So, not only should workers expect wages to fall in real terms, people should also be doing more per hour worked. Are they dreaming? This week, Steve Keen says you can't increase output without increasing investment in technology and machinery, something the Chancellor is less keen to do. So long as the UK is investment starved, you'll never see a rise in productivity. Hosted on Acast. See acast.com/privacy for more information.
Backbench members of the ruling Conservative Party are very used to trying to find a scapegoat to deflect the blame for their often-poor performance. This was particularly clear during the Pandemic, and it is happening again as the economy stumbles along. It is more due to luck than judgment that the country looks likely to just about avoid falling into recession. The scapegoat this time around is Bank of England Governor, Andrew Bailey, who is a solid technocrat who lacks the charisma of his predecessor, Canadian, Mark Carney. Carney was struck in the mould of earlier Chairmen of the Federal Reserve and commanded the respect of politicians and businesspeople alike, while Bailey appears to be a little “lightweight” for the role. Therefore, he appears to be an easy target to blame for the current cost of living crisis and is facing pressure to resign from the aforementioned MPs. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Fed prepares for a pause, but have rates also peaked. (2) The Bank of England Governor laments slowly cooling inflation and labor hoarding. (3) Trump argues he had the right to take classified documents. (4) Report finds a 'startling' lack of female CEOs in UK retail.See omnystudio.com/listener for privacy information.
Bank of England Governor, Andrew Bailey, attended a conference in the U.S. in which the amount of advance guidance that is given to the markets of Central Bank monetary policy intentions was discussed. Over several years, and even up until very recently. There was little market interest in what the Bank was doing since inflation was low for several years, so interest rates were allowed to fall, then over the past eighteen months, as prices of energy and foodstuffs have skyrocketed, tightening of policy has been both necessary and obvious. At the margin of policy changes, as the Bank is either beginning or ending policy changes, is when the advance guidance to the market needs to be considered. During the cycle of rate increases, only the increments are of interest to analysts and investors, since as inflation continues to rise, a hike becomes a foregone conclusion. The G7 nations which met in Japan last week, are all arriving at an inflection point in policy changes where the markets are expecting them to call a halt to further increases. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
The Bank of England is getting closer to being able to pause its cycle of interest rate hikes that have been running since December 2021 as food inflation has peaked according to several major supermarkets. Having reached close to twenty per cent, and threatening to force the Central Bank into raising rates to a potentially dangerous level where they raise concerns over their effect on demand and therefore growth, prices of essential foodstuffs are showing signs of abating. In a call with Bank of England Governor, Andrew Bailey, the heads of the major supermarket chains confirmed that prices are beginning to fall and are now at a stage where the lag between wholesale prices beginning to fall and retail prices steadying is taking place. Given the need for supermarkets to fix prices for fresh items well in advance, the supermarkets face a challenge to balance what they are paying their suppliers and growers against what they are charging shoppers. It is unlikely that the Government or Central Bank will feel comfortable and want to declare victory over inflation until there is tangible evidence that there is a significant fall in inflation which is still close to double figures. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Last week, revised official data revealed that the UK avoided a recession last year, helped by the energy bill subsidies provided by the government to ease pressures on households from the cost of living crisis. Notably UK GDP grew by 0.1% in the 4th quarter demonstrating the UK economy is still seeing some growth. However, there are signs the housing market remains weak as Nationwide said house prices fell in March at the fastest annual rate since the 2007-2008 financial crisis. Alongside this, Bank of England data demonstrated that there was a big drop in net mortgage lending in February. This was largely due to rising interest rates as a result of persistent high inflation, which is still weighing heavily on affordability for house buyers...Stocks featured:Intel Corporation, Ocado and Rio TintoTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
The current turmoil in the banking sector brought about by the collapse of Silicon Valley bank in the U.S. could affect up to two hundred firms in the UK in the tech sector. Rishi Sunak and Jeremy Hunt met with the Bank of England Governor, Andrew Bailey, to both put in place measures to shore up the banking sector and provide any necessary assistance to any suitors who wish to buy the UK arm of the failed lender. HSBC remains the most likely buyer of the bank's UK operations, although it is thought that both J.P. Morgan and Goldman Sachs are also interested. A survey conducted over the weekend found that around 350 UK companies have accounts with the bank while, of those, 200 consider the bank their primary financial partner. This means that those firms will either struggle to gain access to their funds or will be unable to use working capital facilities. It is believed that two and a half billion pounds of capital is tied up in accounts of UK tech firms. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
In the US, the S&P 500 closed 1.9% higher for the week, regaining some of ground lost through February where it declined by 2.6%. There were a number of important economic reports in the week, however their mixed nature meant there was a lack of noteworthy catalysts for performance. The Institute for Supply Management's (ISM) manufacturing Purchasing Managers' Index (PMI) came in higher in February at 47.7 (previously 47.4) and was slightly ahead of median forecasts of 47.6. It does, however, remain in contraction territory, as levels below 50 indicate slowing activity. The ISM's services PMI fell slightly to 55.1 (previously 55.2), but came in above median forecasts of 54.3 and remains in modest expansion. The most surprising data point of the week was the 8.1% jump in pending home sales in January (previous month 1.1%), far ahead of median forecasts of 0.9%. Lawrence Yun, chief economist at the National Association of Realtors' attributed the jump to the dip in mortgage rates over the new year and indicated that "home sales activity looks to be bottoming out in the first quarter."Stocks featured:Aston Martin Lagonda, Persimmon and RightmoveTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
The Bank of England Governor says there are early signs “a corner has been turned on inflation". However, there was negative economic news as new figures showed retail sales fell by 1% in December - a really crucial month for shops. Today's Martha Kearney spoke to John Allan, chairman of the supermarket chain Tesco, about food prices, which are still rising sharply; and the need for a long-term growth strategy.
Bank of England Governor, Andrew Bailey, has sought urgent talks with the Chancellor and Treasury officials to discuss his concerns about new regulations that the Government is proposing that will give it veto powers over post-Brexit Financial rules proposed by independent authorities including the Central Bank. Bailey believes that the new powers will undermine the Bank's independence, since it will no longer be able to have the final say on several regulatory issues. Brexit has become headline news again as the Government strives for every possible advantage in its fight against an economic slowdown. Rumours that the Government has been considering proposing a Swiss-style arrangement with Brussels that would allow access to the EU's single market have been roundly criticized by leave campaigners and denied by the Prime Minister. The fact is that in modern globalized markets, countries must seek partnerships. Isolation from its largest market while it tries to forge new supplies will leave the UK years behind and open to further disadvantage.
Live business updates: Pound dealt another blow as markets punish tax cuts |Spooked: Bank of England Governor faces calls to intervene to calm markets |Labour: Keir Starmer accused of lacking the ‘fight' to reverse Tory tax plans |Italy: Country on brink of having most Right-wing government since Mussolini |Sober October: What a month without alcohol really does to your body |Britain's cocaine trade: From schools for hitmen to selling on the streets |Gareth Southgate: I know my job is not safe, says England manager |Read all these articles and stay expertly informed anywhere, anytime with a digital subscription. Start your free one-month trial today to gain unlimited website and app access. Cancel anytime. Sign up here.We'd like to ask you a few questions about the ads in this podcast. Please click here to take a quick survey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The UK will have a new Prime Minister on September 5th. The rules of the contest to be the leader of the Conservative Party were revealed last evening. There will be two votes this week and a third if needed will take place next Monday. The deadline for the Parliamentary Party to select the final two Candidates is July 21st which coincides with the Parliamentary Summer recess and a vote of the wider membership will then take place, with the winner announced on 5th September. There are currently eleven candidates, with a twelfth, Home Secretary Priti Patel, having until later today to declare her candidacy. The major focus of the early hustings has been taxation with several candidates having announced hope they will lower the tax burden on both businesses and individuals. The exception to this is former Chancellor and current favourite to win the vote, Rishi Sunak. He has said that he is against an immediate tax cut until inflation is brought under control. The Bank of England Governor has been critical of the promises being made by leadership candidates, believing that the independence of the Central Bank is threatened by announcing tax cuts at any time other than a formally discussed budget at which the Bank's input is requested. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
After hints from the Bank of England Governor that a faster interest rate rise could be on the cards, Felicity Hannah talks to the CEO of Coventry Building Society about what it means for mortgages. We find out what broadband customers can expect as BT staff vote for their first strike in 35 years. And is the four day week working? Felicity catches up with a company who have tried out the scheme about whether they will be making it permanent.
The expected interest rate hike of twenty-five basis that will be announced by the Bank of England Governor later this morning, while being something of a disappointment to those who see the economy falling into recession in the coming months, will still leave interest rates at a supportive level. The neutral rate in the UK is between 1.5% and 2.5%. That is double the level that the base rate will be at, at the end of the day. Hawkish MPC member Michael Saunders, who will leave his role as an external member of the MPC in September, commented recently that he believes the neutral rate to be a little over 2%. Given that today's hike will take interest rates to their highest level in fourteen years, and the economy has changed immeasurably since rates were averaging around 5%, any estimate of the neutral rate is little more than a guess. It is difficult, and unprovable at what point interest rates stop stimulating growth and start to restrain demand. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Join us on our 25th episode as we discuss:-The tragedy in Buffalo-The Oregon "Menstrual Dignity Act"-The Ministry of Truth is "paused" and the director resigns-Leaked Biden memo expecting a summer of violence over Roe v. Wade-Miscalculated 2020 Census data-Border Patrol "rare exemption" fast tracking illegal immigrants through the border crossings-Bank of England Governor expecting "apocalyptic" food shortages-New Biden Spokesperson Karine Jean-Pierre-Muslim soccer player in Europe refuses to wear LGBTQ jersey- and moreCome join us for laughs and interesting news
Sri Lanka is now running out of petrol. Prime Minister Ranil Wickremesinghe warns that the nation has no US dollar reserves and they are now planning to sell their national airline. Shortages are far from confined to Sri Lanka with Bank of England Governor, Andrew Bailey, warning MPs on Monday that the Central Bank has warned of ‘apocalyptic' food price hikes and that the central bank was helpless in fighting food shortages driven by external shocks such as the Russian-Ukrainian conflict and supply chain issues caused by the zero covid policy in China.
What's ahead for the economy? The Bank of England Governor gives his take.
Stocks closing higher for a second straight day ahead of Wednesday's Federal Reserve decision on interest rates. Oaktree Capital's Howard Marks discusses this year's wild market volatility and why he thinks the worst of the market's excesses have been corrected. Bridgewater's Rebecca Patterson says she doesn't like stocks or bonds right now and explains what investments she finds attractive right now. Oppenheimer's Chris Kotowski reveals the three big banks he thinks look cheap. And Former Bank of England Governor Mark Carney on whether the Fed will achieve a soft landing and avoid a recession.
"It is tough to find any good news for the UK economy as the country leaves the Pandemic behind and begins the work of recovery. Workers are facing what the Bank of England Governor has called a historic shock to incomes. The UK economy is primarily led by consumption. Consumers going out and making purchases keeps the country ticking over, so anything that creates stress for that sector quickly permeates through to the rest. There is little doubt that Andrew Bailey is right in describing current conditions as historic. The country had barely been able to complete its withdrawal from the European Union before the Pandemic hit, and now it faces an energy crisis not originally due to the conflict in Ukraine, but certainly exacerbated by it. It is hard to imagine a scenario where an invading nation is so roundly condemned, yet the nations closest to the conflict are forced by circumstance to continue to trade with it. The fact that Russia had managed to skilfully make itself invaluable in supplying energy primarily to Europe had clearly been factored into President Putin's plans as he considered the fallout from his actions. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
"Today's meeting of the Bank of England's rate setting Monetary Policy Committee is now expected to hike interest rates for the third time in as many meetings. The market is in little doubt that the Central bank is serious about trying to bring inflation back under control. However, it doubts its ability to do so, given the issues being faced by the economy. The meteoric rise in energy prices that began even before Russia invaded Ukraine is one of several issues that need to be considered today. Bank of England Governor, Andrew Bailey may even be justified in commenting that the oil price rise may be considered temporary unless the war in Ukraine carries on for a considerable time. He is, however, unlikely to fall into that trap again given the criticism he faced over the way prices were affected by the bottlenecks created by the lockdowns. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
"Andrew Bailey is about to begin his third year as Bank of England Governor by leading the Central bank along the most complex path it has seen in a considerable time. Bailey has faced criticism for not being capable of providing the right amount of advance guidance to the markets. Bailey's predecessor Mark Carney presided over an interest rate cut just four days before his departure, and then there was another cut in Bailey's first week in the role. The Bank also raised the level of its asset purchases at the same time. This earned the Bank plaudits from investors and commentators alike but proved to be something of a high-water mark for Bailey. Since then, he has faced almost continuous criticism from the market and former colleagues. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Last year Andrew Bailey, the Bank of England Governor, spoke optimistically about how the UK economy would bounce back because so many people had stashed away money in their savings accounts. But, at the same time, we also saw rising levels of debt. This week, Phil Dobbie asks Steve Keen how you can have rising savings and debt at the same time. If you have spare cash sitting in your bank account, wouldn't you use it to pay off your debts. The fact that people are not doing that tells us something about the state of the economy. And where did all these extra savings come from anyway? And why did they never materialise into a massive spending splurge like the Governor had predicted? Subscribe to hear this podcast - and all the others - in full.
'Net zero' was a buzzword in the sustainability world in 2021, but big questions remain about what this term really means. In this episode of ESG Insider, we'll hear how the Science Based Targets initiative, or SBTi, is defining net zero in its newly released corporate standard. And to understand the challenges the financial sector faces in defining and achieving net zero targets, we talk to Curtis Ravenel, who is senior adviser to Mark Carney — the former Bank of England Governor who now acts as U.N. special envoy on climate finance. We'll also hear from Jeanne Martin, senior campaign manager at U.K.-based investor activist group ShareAction, about where European banks stand and why they need to make significant progress toward their net zero goals by 2030. To learn more about the extent to which big corporations in multiple sectors are setting net zero targets, read an analysis by S&P Global Market Intelligence: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/path-to-net-zero-stakeholders-demand-action-on-ambitions-as-pledges-swell-67951124 Photo credit: Getty Images
Mark Carney, the former Bank of England Governor and now the UN's point man on climate change, gives us an after-action report on Glasgow, unpacking how global leaders in the public and private sectors are planning — and now ponying up resources, to the tune of $130 trillion — to fund ambitious climate goals. The one-time Harvard hockey goalie and now Vice Chair of Brookfield Asset Management has pulled himself from net for a power play to score the goal of net zero emissions targets by 2050. Inside the ICE House: https://www.theice.com/insights/conversations/inside-the-ice-house
"Bank of England Governor, Andrew Bailey, intends to continue to provide markets with advance guidance of the Bank's thinking, despite the fact that that information may not always be reliable. Bailey believes that any advance guidance given to the market should be considered to be subject to the caveat that such guidance is only valid if the economy is moving in the direction that the Bank expects. Using that model, to understand last week's decision to keep interest rates on hold for longer should be interpreted to mean that the economy is not growing as the Bank had expected, and it has therefore decided to prioritize growth over inflation. Bailey was back on the wires yesterday for the first time since the Bank jolted markets with a notable change of direction. Although he still believes that inflation remains transitory, he commented that the Bank will have to act by tightening monetary policy should rising inflation begin to spill over into wage demands. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
One of the most iconic brands in financial television returns for today's issues and today's world. On this edition of Wall Street Week, David Westin wraps up the week in markets with Afsaneh Beschloss, RockCreek Group Founder/CEO. Former Bank of England Governor, Mark Carney calls on banks to fight climate change. Former Treasury Secretary, Larry Summers reacts to the U.S. October jobs report and the Fed starting to taper its bond buying program. And Lazard CEO, Ken Jacobs discusses how ESG is changing asset management. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Inflation is currently ahead of the Bank of England's 2% target at 3.1%. There are expectations it could rise to 5% by next April. Today's Justin Webb speaks to Bank of England governor Andrew Bailey about rising inflation and the effect this will have on household living costs. (Image Credit: Reuters)
"Members of the Bank of England's Monetary Policy Committee voted 7-2 in favour of leaving short-term interest rates at the historically low level of 0.1% at their meeting, which concluded yesterday. The two members who voted for a hike were David Ramsden, Deputy Governor for Banking and Markets, who is concerned about what he calls rampant wage demands over the next few years and Michael Saunders. Saunders is a perennial hawk who believes that the level of support being provided to the economy risks fuelling expectations of higher inflation. The vote to hold fire on any rate increase came despite the Bank's latest forecast for medium term inflation, showing that price increases could reach 5% by next April. At his press conference following the meeting, Bank of England Governor, Andrew Bailey commented that it is not the job of the MPC to act in accordance with market expectation. In that regard, Bailey is being compared to his predecessor, Mark Carney, who earned the reputation of being an unreliable boyfriend, often hinting at action by the Committee, only to fail to follow through when the meeting voted. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
"As the recovery from the Coronavirus outbreak has begun, Bank of England Governor, Andrew Bailey, has been confident that the rise in inflation that has gripped most developed economies is simply a reaction to the level of support being provided. This theory is about to be severely tested as the wholesale price of gas continues to rise. This is fed through into UK households in the shape of higher fuel costs and is also having a knock-on effect on other energy sectors, in particular, the price of oil. Petrol prices are already significantly higher. The pump price of standard unleaded petrol is now above £1.40 per litre. Bailey is beginning to feel the pinch and is concerned that the Central Bank will have to act to curtail what could fast become a major crisis for the recovery. Raising short-term interest rates to curtail rising inflation would be a fairly drastic measure, but the MPC may be left with no choice. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Monday 18th October 2021 Equity markets were buoyed by strong US earnings results and stronger than expected retail sales numbers, but there are many reasons to suggest this confidence might be short-lived, according to NAB's Tapas Strickland. Corporate earnings have been focused on the finance sector, so results from other sectors will give an indication of the inflation impacts on margins and growth potential. Chinese activity data today and the ongoing Evergrande saga could impact global growth hopes. Then there's inflation, which continues to grow, with the Fed expected to bring forward its first rate hike and the Bank of England Governor reiterating the need for a rate rise in the UK this year. Paying more for a mortgage is unlikely to boost consumer confidence which is already flagging.
"Andrew Bailey, the Bank of England Governor, remains relaxed about the prospect of inflation remaining above the Government's 2% target for the foreseeable future. Central banks in the developed world have all adopted a less proactive attitude to monetary policy, given the unpredictability of the recovery and how the withdrawal of various forms of support will affect growth and activity. In the UK, the gradual withdrawal of various Government initiatives will bring unknown consequences, in particular to the property and employment markets. For this reason, Bailey has to allow inflation to rise beyond its target level in order to be in a position to be flexible, leaving support in place if the economy dips, or beginning to taper if Monday's complete reopening drives inflation to levels which are considered to be unmanageable." Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
"The rise in cases of Coronavirus which is almost being ignored by the Government will start to concern the Bank of England if it continues for any length of time. With most restrictions set to be withdrawn in under two weeks' time, it will be difficult to halt, and although hospitalizations will remain low as a percentage of the number of those infected it will hit the economy hard if it continues for any significant period of time. The Bank of England Governor has clearly set out his agenda for the beginning of tapering the Bank's support for the economy, and his most obvious virtue is patience. Andrew Bailey believes that despite the rise in inflation, even if it does reach 4%, as his former colleague Andrew Haldane believes, any damage to the economy will be transitory. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
"Bank of England Governor, Andrew Bailey, has joined in with his colleagues from other G7 Central Banks in downplaying the long-term effect of rising inflation on the country’s economy as the UK emerges from the Coronavirus pandemic. When weighed against a tightening of monetary policy which could cut off the recovery almost as soon as it has begun, inflation is being blamed on transitory as opposed to structural factors and is expected to even out as both the UK economy and those of its largest trading partners reach a degree of equilibrium. As has been seen in the aftermath of recent FOMC meetings and the release of their minutes, commentators, traders, analysts, and investors are clamouring to understand the tools that Bailey has at his disposal to tackle inflation should it begin to rise at a wholly unexpected pace. Never before has there been such concerted support and stimulus pumped into the economy. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Mark Carney, Former Bank of England Governor & UN Special Envoy for Climate Action and Finance, says that 2021 is a "critical year for action" on climate issues. David Rubenstein, Carlyle Group Co-Founder & Host of "Peer to Peer Conversations," discusses his interview with Federal Reserve Chair Jerome Powell. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the cyclical trade still has further to run. Alberto Gallo, Algebris Investments Portfolio Manager, says this is the time for markets and society to fight inequality. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Mark Carney, Former Bank of England Governor & UN Special Envoy for Climate Action and Finance, says that 2021 is a "critical year for action" on climate issues. David Rubenstein, Carlyle Group Co-Founder & Host of "Peer to Peer Conversations," discusses his interview with Federal Reserve Chair Jerome Powell. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the cyclical trade still has further to run. Alberto Gallo, Algebris Investments Portfolio Manager, says this is the time for markets and society to fight inequality.
"Andrew Bailey the Bank of England Governor sees a light at the end of the tunnel for the economy as the country begins to emerge from the yearlong effect of the restrictions driven by the Pandemic. Bailey supports the steps taken by the Chancellor recently but acknowledges that inflation may be a consideration going forward. The initial rise in the rate of inflation may be technical as the collapse of fuel prices a year ago falls off the annual calculation. Such an event won’t spur any action from the Bank which has, so far nor been as keen to discuss the inflationary effect of stimulus measures as either the Fed or ECB. The Chancellor continues to face questions over the new measures he has put in place. He commented yesterday that the recovery will be investment driven and consumer led actions such as last year’s eat out to help out scheme will not be necessary. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
The Bank of England Governor talks about cryptocurrency. Harriet Tubman possibly replacing Andrew Jackson on the $20 bill is being discussed, again. While the Great Reset starts this week with the Davos Agenda 2021.
"The financial markets have clearly decided that the conclusion of a trade agreement with the EU is currently by far the most important driver for the economy. Over the past few weeks as the Brexit clock continues to count down the Chancellor and Bank of England Governor have speculated about the effect of leaving the EU with no deal and it has been generally agreed that no deal will have a more lasting effect on the economy overall than the Covid-19 Pandemic. That is why, on a day when the effect on those retailers who have become dinosaurs, locked into long bricks and mortar leases on expensive High Street premises, finally accounted for two of the most prominent groups, Debenhams and Arcadia, Sterling still managed to break above long-term resistance levels. Rumours are again circulating of a deal being reached and news of which of the two sides has blinked first is eagerly awaited. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
Mark Carney’s Reith 2020 Lectures chart how we have come to esteem financial value over human value and how we have gone from market economies to market societies. He argues that this has contributed to a trio of crises: of credit, Covid and climate. And the former Bank of England Governor will outline how we can turn this around. In this lecture, recorded with a virtual audience, he reflects that whenever he could step back from what felt like daily crisis management, the same deeper issues loomed. What is value? How does the way we assess value both shape our values and constrain our choices? How do the valuations of markets affect the values of our society? Dr Carney argues that society has come to embody Oscar Wilde’s aphorism: “Knowing the price of everything but the value of nothing.” Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson
Today's blockchain and cryptocurrency news Bitcoin is down 3.5% at $10,435 Ethereum is down 4.5% at $393 and XRP is down 2% at 26 cents Top gainers in the last 24 hours: Celo up 15% Saudi Arabia business leaders propose blockchain based business passport. Robinhood faces SEC investigation. SEC brings charges against Mindset 24 Global LLC. Bank of England Governor speaks on stable coins, central bank digital currencies, and the future of payments.
Kit Juckes, Societe Generale Chief Market Strategist, says the dollar cannot weaken further unless emerging market economies are stabilized. Andrew Bailey, Bank of England Governor, says negative rates remain in their toolbox. Neil Dutta, Renaissance Macro Research Head of Economics, says we should expect labor market activity to accelerate in August. Marilyn Watson, BlackRock Head of Fundamental Fixed Income Strategy, says technology and communications are overweight right now because investors are looking for places to put their money. Piotr Matys, Rabobank Emerging Markets Strategist, says a weaker Lira is going to have significant inflationary consequences for Turkey. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Kit Juckes, Societe Generale Chief Market Strategist, says the dollar cannot weaken further unless emerging market economies are stabilized. Andrew Bailey, Bank of England Governor, says negative rates remain in their toolbox. Neil Dutta, Renaissance Macro Research Head of Economics, says we should expect labor market activity to accelerate in August. Marilyn Watson, BlackRock Head of Fundamental Fixed Income Strategy, says technology and communications are overweight right now because investors are looking for places to put their money. Piotr Matys, Rabobank Emerging Markets Strategist, says a weaker Lira is going to have significant inflationary consequences for Turkey.
Sheriff of Polk County, Florida has commanded his fellow residents to purchase firearms for their own self-defense. Bank of England Governor pursues 'brace for impact' measures due to a possible No Deal separation terms between the United Kingdom of Great Britain and Northern Ireland and the European Union.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/lincoln-ledger1/support See acast.com/privacy for privacy and opt-out information.
Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19.
SHOW TOPICS: Max Keiser says Coronavirus will propel BTC to $100,000 https://cointelegraph.com/news/coronavirus-will-send-bitcoin-price-to-100-000-in-2020-max-keiser Plan B Stock to flow likewise projects $100,000 before 2022 https://cointelegraph.com/news/100-events-imply-100k-bitcoin-by-2022-says-market-analyst-planb New York natural gas plant is now mining Bitcoin. No-coiners lose their minds. https://www.bloomberg.com/news/articles/2020-03-05/this-utility-heats-new-york-state-and-mines-its-own-bitcoin https://twitter.com/TheCryptoconomy/status/1235608282343096320 India legalizes cryptocurrency businesses and trading https://cointelegraph.com/news/india-back-in-the-race-landmark-judgment-to-fuel-crypto-adoption South Korea formally regulates cryptocurrency trading, in line with FATF guidelines https://bitcoinist.com/crypto-trading-legalized-in-south-korea/ Next Bank of England Governor seems to not be a fan of Bitcoin https://cointelegraph.com/news/next-boe-governor-be-prepared-to-lose-all-your-money-with-bitcoin SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Visit and sign up for Paxful: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Get Wasabi wallet and enjoy your privacy https://wasabiwallet.io/ Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Check out Rise Wallet – the easiest way to onboard your pre-coiner friends to Bitcoin! https://www.risewallet.com/ Rise tutorial https://www.youtube.com/watch?v=X2VUjj6wPM0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://nordvpn.org/btcsessions Check out my website for private bookings: http://btcsessions.ca/ Join my Telegram channel! https://t.me/btc_sessions If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://tippin.me/@BTCsessions --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/btcsessions/support
Prince Philip: Duke of Edinburgh admitted to hospital http://bit.ly/35JDGS3 |Brexit step closer: MPs approve EU Withdrawal Bill with comfortable majority http://bit.ly/2SeeuPM |Future trade: Why Boris's Brexit bill makes EU tariffs almost inevitable http://bit.ly/2s95ZdT |Andrew Bailey profile: New Bank of England Governor so 'steady under fire' he helped face down grizzly bear http://bit.ly/2ZefKDJ |Christmas getaway chaos: Travel updates after railway and motorways to Gatwick flood http://bit.ly/2PIOY3t |Burning car rescue: Video shows dramatic moment police save man vehicle on fire http://bit.ly/36ZhtzF |Arteta confirmed: New Arsenal boss says club must now compete for trophies http://bit.ly/2EGivUQ |Take out a free 30-day trial to gain access to all of these articles. Here's how: http://bit.ly/2WRuvh9. If you're enjoying my audio briefings, please consider encouraging others to sign up for FREE here: http://bit.ly/2XxhVAI
After a ground-breaking investigation by the Evening Standard into the UK's painkiller use, drug companies will now publish addiction warnings on opioid packets. The Leader speaks to the paper's Investigations Editor David Cohen about how this small change will save lives for decades to come.Also, we welcome Andrew Bailey as the next Governor of the Bank of England. Our Business News Editor, Alex Lawson, looks at the career of the man picked by Chancellor Sajid Javid to replace Mark Carney. And we reveal why Mr Bailey's been nicknamed “the Big Sexy Turtle.” See acast.com/privacy for privacy and opt-out information.
Bitcoin is up 1% at $11,716 XRP is up 3% at 34 cents and Ethereum is up 2% at $276 Top gainers in the last 24 hours: ZClassic up 80% Waltonchain up 20% Bytecoin up 17% Japanese crypto exchange Bitpoint has been hacked for $32 million in lost assets. US president takes to Twitter to announce he’s "not a fan" of crypto. The American football team the Miami Dolphins announce partnership with the Litecoin Foundation. Bank of England Governor says that Facebook’s Libra must be “Rock solid”.
#CryptoCorner: Trump Tweets About Bitcoin and Libra, Bank of England Governor Addresses Libra, Litecoin Named Official Crypto of Miami Dolphins
#CryptoCorner: Trump Tweets About Bitcoin and Libra, Bank of England Governor Addresses Libra, Litecoin Named Official Crypto of Miami Dolphins
Bank of England Governor is reported to be preparing for a 30% fall in house prices in the event of a 'hard Brexit'. I'm joined by Ruben from PricedOut to discuss what he really said and what the implications might be IF prices were to crash.
Emily Gosden, Energy Editor, Tom Knowles, Economics and Property correspondent, and Tempus Editor Martin Waller discuss why utility dividends are not under immediate threat from government price caps; how house prices are proving to be resilient and why the Bank of England Governor is causing confusion with his interest rate guidance Hosted by: Robert Miller. See acast.com/privacy for privacy and opt-out information.
Market Analyst Clive Ramathibela looks at the impact of Brexit in the South african Economy and Banking sector, asia markets which are trading mixed on Monday, as traders continued to digest the U.K.'s unexpected vote to leave the European Union, the Bank of England Governor, Mark Carney says U.K. Banks Have Capital to Withstand Brexit.
Beyond Business welcomes the former Bank of England Governor to lift the lid on the financial alchemy that caused the global financial crisis, and share his radical new ideas to avoid another collapse. Listen to podcast