because of lee's ultimately to jackson's death in the shattering of the team, jackson is least cheap operator because long street's accident. he is on detached duty on the southside virginia near petersburg. jackson is least chief strategic operational and tactical visor. both wish to bring the war into the north. jackson is one of lee's few personal friends. their relationship is built on a foundation of professional trust undergirded by christian faith and jackson and stewart the calvary leader are also quite close which created a solid level of second-tier leadership and chancellorsville and potentially jaunt. the stewart jackson relationship is fascinating and if you read the book, you will see. just how close they were. what was jackson significance to the confederacy in the spring of 1863, he had a public reputation as a winning general rent he was paired in the public eye with lee. i.e. the two together, where understood by the confederate public as the winning team for the south at that time. his moral character was tied in the public eye also to the righteousness of the over

david jackson was dead. not missing. and the way he had been hidden made it perfectly clear he had been murdered all those years ago. most likely before his friends or family even noticed he was gone. which have put a final period on his mother's lingering hope for his return. and apparently an ex-wife's what ifs. were you seriously thinking, you know, maybe some day i'll get back together with him? >> when it's your first love, you're always think, you know, wow, you know, could it work? what if? >> strange how things turn out. barbara had moved back to florida, remarried, again, had a daughter, took a job at walmart, but still held a candle for david, even as he lay under the ground practically next door to the very walmart where she worked. what did that do to you? >> it's an eerie feeling. it's, you know, that he was in that area, that i didn't even know about. >> such an odd coincidence. too odd, maybe? time for a chat. detective velasquez called barbara, got herself invited over to barbara's house. barbara seemed t

what about stonewall jackson. should we judge him sorely in the 1850s when he was thomas johnson jackson the professor he defied his neighbors with the three -- free blacks and slaves. he broke virginia law to teach blacks to read. he was regarded as the champion friend of blacks. they begged him to buy them. where conditions were much more brutal. he brought one immediately turned him loose as out waiter at the local hotel. the other one was a woman with two kids jackson often -- offered to just free her. this is the 1850s they take care of blacks. jackson for me i think he was a high functioning autistic who came through much. very comfortable with women. and for whatever psychological reasons he is no trouble speaking with blacks. the problem with blacks in sunday school was jackson thought he could sink and he couldn't. he could be brutally cruel man. i will just put a stop to that that second happen on the other hand he literally could break down over the fate of a little child in the winter before. he got th

we are delighted to have jacqueline jackson and jesse jackson junior. first it is my pleasure to introduce to you april smith a classmate of congressman jackson and agent for their book loving you, speaking of view and don't forget to pray and is a family friend as well. to introduce these lovely people, here is april smith. [applause] >> thank you. good evening and welcome. welcome to raleigh north carolina we appreciate you coming in. thank you for joining us. we would like to thank quail ridge books, c-span, the ceo and founder of healthcare and our friends from north carolina that have joined us. [applause] also, we would like to thank our educators in the area for joining us tonight as well as friends and family thank you for coming out. we appreciate you. for those of you who do not know, ms. jackson is the life of reverend jesse jackson, from the civil rights movement. she has marched, she has been jailed and she participated in the initial me to march in washington. ms. jackson comes from a bout of strength with her family. strong women keep on

it featured him mocking the moc followers of jackson as if jackson was descending from heaven with a glow and a halo as some kind of divine messianic figure. a cartoon of martin van buren depicting him as a king adorned in robes after the panic of 1837 has him being crowned by a demon himself. poke likewise was not spared from the association of the demonic with one cartoon having one being instructed by a demon being concealed by a mask of andrew jackson on what to do with the oregon territory. in the minds of some wigs, in january 1824 when the newly elected governor made it unpopular appointment in cumberland county, a mob assembled and the public's flair with an effigy of the governor and painted shout against the people. they shouted approval of the crowds. an unnamed jackson man from pittsburgh noting the burning likewise throughout the state, i am constrained to believe fully for the lord put a mark among kane that he might not be slain. according to a baptist minister the nightly origin, the democrats, their nightly or scenes of drunkenness and profane revelry. among the fran

and by may jackson was starting to sketch out rationales for doing so. in a number of early drafts, opinions and letters on deposit removal from march, april, may and june, the influence of polk's report is impossible to miss. employing as they do facts, figures and arguments drawn directly from polk's investigation. in jackson's final september 16th paper ordering deposit removal we find old hickory paraphrasing the minority report, quote, the bank's effort to twhard the government and the payment of the public debt that it might retain the public money to be used for private interest, he was denouncing this, calling it a misdeed palliated by pretenses unfounded and insincere. i said i had two points about polk and the bank war. my second and final point is that when you look at polk's decisions within the context of politics in tennessee, when you look at the behavior of many of polk's colleagues and the congressional delegation, many of whom bolted the jackson policy. when you look at polk's decisions within that context, what you see is there was not

remember, the accusers say he was also abused by jackson, but the actor strongly denies that saying jackson was one of his best friends. and it's important to note that one accuser, wade robson, testified during michael jackson's 2005 trial, which i covered gavel to gavel, and at the time he swore jackson never molested him. watch this. >> online 20 when you're asked did michael jackson ever touch you in a way and you responded never, no, correct? >> correct. >> and that was a lie, correct? >> that was what i had rehearsed with michael. >> he now claims that he testified jackson didn't sexually abused him to save the singers life, but his 2005 testimony was so compelling, many legal experts say it is the reason jackson was acquitted, and there are numerous other holes in his new story, one major point of contention is where he says the abuse began. he alleges that it started during a trip to the grand canyon, and watch where he talks in "leaving neverland was quote about being left alone with michael jackson. >> i was ecstatic about this. michael was ecstatic about this, so my whole family

he is also the host of the age of jackson podcast, which is sponsored by andrew jackson's herm taj. >> thank you for coming to listen to our panel. i'd like to express special thanks for letting me join after the papers had closed and a special thanks to charles sellers for funding my trip here. in the early days of 1846, president polk received a letter from his old classmate. the pair had studied together at the university of north carolina and both men had joined the democratic party. polk serve issing in the house to help advance jackson's cause mostly representslet norse county in north carolina senate from 1829 to 1837. following husband defeat for the governorship, he and his family moved to florida. and auded the territory into the union as a state. serving as the first governor in 1845. polk had carried the correspondents throughout the year, but on this occasion, mosley expressed his turns about the oregon territory and a possible war with great britain. while he doubted that war without overcome oregon, he turned to the almighty and thanked him that his friend was president

powell -- jackson powell? at jacksonspeaks hole. volumee bars indicate has been steadily falling over the last couple of days. overall across major u.s. exchanges. that is down near almost 30% from the previous three weeks. so perhaps we will get a pickup. it is late august after all. not beeninly there has too much participation in the lead up to this widely anticipated speech. nejra: you are looking at equities and i am talking about rates. indexterest rate trend hitting a record. the question is how much of a move lower in yields? we have seen a backup in the last three days, but how much of the europe being lower in yields is due to momentum and therefore how vulnerable the mobile bond rally, particularly in treasuries, is at the moment? a lot of people are reporting that jerome powell a speech could lead to big moves in the markets as well. powell's job- jay is harder today when he gives a speech today at jackson hole. >> as i look at where the economy is, it is not yet time. >> what is the point of annou

kathleen hays at jackson hole. let's get a check on what is happening with the markets now with sophie. sophie: the kiwi dollar rising 0.3% on the back of adrian orr's comments on a long-term path for the economy. the toolkit at his disposal, including negative rates. taking a bigger picture view on the kiwi dollar, this has given support, little nearing the lowest level since 2016. coming through as we are waiting readingow traders are -- are reacting to what governor orr had to say. japanese assets, we did get cpi data earlier. the yen not doing much, trading in a tight range with inflation coming in line with estimates of about 0.6% on a year on year basis. powell very much and focus. it may rise to 107 for the japanese currency. jgb's, we will be keeping an eye on that ahead of fund operations in the one to 10 year zone. jgb likely to keep falling today. >> as sophie mentioned, we have seen core prices for japan coming in line with estimates. we have seen a little bit of pressure when it came to the national nu

it is business as usual ahead of jackson hole. 30 day challenge. chancellor merkel gives boris johnson a month to find a solution. >> if we approach this with patients and optimism, we can get this done. .> and breaking the cycle hsbc speaks out on the unrest in hong kong. this comes as australia's flag carrier said it is taking some capacity out of the region. >> we are going to do that over the next few months. take 7% of capacity out. we anticipate this will continue for a few months. this is the manus: thing that caught my site line this morning. this delusion. that the fed is making a midcycle adjustment to monetary policy. are we midcycle or is there more? >> they gave us three reasons for that cut. they said it was an insurance cut. can you fault those things? absolutely. the market is baying for blood. they managed to crawl out of negative territory yesterday. let's have a look at the board. let's have a look at the chart. members voted against the move. are we really midcycle? the fed's unity could be fraying. deeper for

try to pick up on jesse jackson's momentum. when he realized is that jesse jackson didn't have a way of converting that moment of energy into cash that could be funneled into a presidential campaign. all of a sudden he is a front runner, while people can do is get excited about that. they can go talk to their neighbors, but after that, what are you going to do. there's no way to press a button and donate money. no baking program so he developed one 800 number. as 100 number. you call this number and there is this hilarious moment in the debate where he is told ahead of time that he can't mention his 800 number in the debate. he said he thinks it's really unfair that i can't talk about this and then he did. 1800 jerry brown. what he does is eat holes bill clinton to the left during the primary and to go back and read clinton's rhetoric, he ran a pretty populous and sometimes progressive campaign and he also could appear progressive to people. is a draft dodger but at least he was against the war. at least he didn't inhale but at

i'm kathleen hays in jackson hole. here are some of the stories we are covering at this hour -- the pressure is on powell. the fed chair opens the kansas city symposium at the jackson lake lodge with three regional fed bank presidents saying now is not the time to cut. : the aussie dollar has been a key shield for australia, but it easing poses a threat, and boris johnson beats a brexit blockade in paris as mccrone -- as emmanuel macron says any potential changes to the deal would be minimal at best. shery: we have some big guests coming up on "daybreak." first, let's get you started with a check of how markets closed on this thursday session here in the u.s. it was a bit of a mixed picture. we saw the doubt at about 50 points, but the s&p 500 gave up morning gains. we had more cautious commentary coming out of that officials when it comes to future rate cuts, so that really helped curve.rt that 2/10 yield materials and health care stocks leading the declines, weighing on the stock markets. we are also seeing manufactu

juliette: all eyes on jackson hole. theg rise in the kiwi after speakingrnor orr was to kathleen hays on the sidelines of the symposium saying the rbnz is willing to do whatever it takes to support the economy, even though we have already had 50 basis points of cuts this month. the nikkei is up by 0.4% in late trade. we are seeing a rebound in aussie stocks as well. holding onto those gains from yesterday. hong kong's market has been fluctuating, but it is up by 0.5% in the afternoon session. reinhardt,ing from saying to kathleen hays at jackson hole that potentially hong kong has the threat to throw the world and global recession. recession.bal >> these are global consequences. what could be a tipping point that could trigger a very significant global slowdown, even a recession. those concerning words after we saw the hang seng index hit a death cross where we saw the 200 day and the 50 day moving average cross. todaye seen a rebound after stocks hit that ominous level. the hang seng is on track for a weekly gain of 1.

my guess about andrew jackson is that he knew that barack obama wanted to change and take andrew jackson off the $20 bill and replace jackson with harriet tubman. and he wants to make sure he doesn't do anything that barack obama wanted to do. i don't think he has a clue who andrew jackson was. i think someone told him that andrew jackson was uncouth and was -- among whites, that is, popularly elected president and that was enough for him. i can't imagine he would know anything about andrew jackson. look, every president gets to choose the portraits they have in the oval office. you learn a lot about a president, about the portraits they choose. if somehow marianne williamson should become president, a lot of stars would have to align in a different way. >> you never know. >> we can look forward to seeing the kind of people she chooses, which president she puts there. i don't think trump knows a darn thing about andrew jackson frankly. >> it's interesting. i asked her about reparations during the debate. she took umbrage. i don't understand why. i thought it was a perfectly legitimate qu

time for another big interview from jackson hole, wyoming. kathleen hays is in jackson hole. i'm very envious here in new york city. >> for many reasons, not only its beautiful backdrop, but is the 35th year here at the jackson lake lodge and one of the most difficult situations the fed has found itself in. powell kicking things off here. here to discuss the message is barry eichengreen, professor of economics at uc berkeley. the basic question for everyone wellhing markets is is po ready to do another rate cut? >> i think he is. he talked about trade policy uncertainty, the collapse of the italian government, brexit, and other external and internal threats to the u.s. economy. all that reinforced the impression that more rate cuts are likely coming. >> the economy right now is pretty good. i found it interesting that he said that we have to look out over the next year. we have to look at how all these things are going to affect the economy. >> he did not use the words data dependent, but i think the fed is still data dependent and how it thinks about future rate cuts. the la

it was supposed to be about jackson hole. instead it is about the trade war and that is dragging on the major averages. the dow, the s&p, and the nasdaq all lower. the nasdaq being dragged down by the chips which have a sensitivity to china and the trade war. down more than 2% and making this a risk off day, look at the rally for bonds. the best day for the 10 year yield an almost two weeks as investors are fleeing the riskier assets of stocks and going into haven bonds. as we break it down, it did not start off this way. if we look at

you want to be long yen into jackson hole. positioning is stretched, and they haven't seen at this stretched since 2015, when yen flipped over by 2.5%. let's talk about the markets. momentum is changing. mr. trump said the u.s. is doing "very well." talking, trump added that it isn't ready to sign a deal. a suggestion comes only hours after his top economic adviser laid out a potential timeline for reviewing discussions with -- renewing discussions with beijing. apple ceo tim have voiced concerns about the main competitor -- tim cook had voiced concerns about their main competitor, samsung, gaining an edge. their product won't become subject to tariffs like apple's. the u.s. may renew while way -- huawei's general temporary license. >> we don't want to do business with huawei for national security reasons. we will see what happens. i am making a decision tomorrow. manus: joining me is my guest host, chris wiley. good to see you this morning. another day, another slight risk on momentum. i make it 2-0. two on the office side --

kathleen hays, joining us from jackson hole. we will hear from the kansas city fed president later on thursday as well, so do not miss her comments ahead of jackson hole. let's get more on the market reaction to the fed minutes. stocks retreated from highs on the day. su keenan joins us with more on this. to stayid manage positive. we had a real shot in the arm from strong earnings results from retailers which are defying fears of recessions. let's go to the bloomberg. the exchange traded fund or etf techmimics the nasdaq heavy index, and we have been seeing a lot of investors or outflows run that index, and then go to the big movies of the day, and it's fascinating to see retailers put the momentum play. target a record high walmart results, and that shows the ongoing resilience we are seeing with these discounters amid the broader retail industry. we saw lows really knock it out of the ballpark is gross margin beat expectations against combing fears -- combing -- calming fears, much better than expected. nordstrom better than

up, we are live from jackson hole. don't miss our interview with -- with a host of fed president, starting with esther george. tomorrow, a stellar lineup on bloomberg television. minutes away from the open. we will take a look at your stocks to watch, including ryanair after they lost a court battle to block a pilot strike. this is bloomberg. ♪ ♪ about seven just minutes away from the start of cash trading. let's get your stocks to watch from around the newsroom. annmarie hordern looking at ryanair. dani burger focusing in on aviva. let's start with ryanair. >> if you turkey -- if you are taking a ryanair flight this we can from the u.k., you may see disruptions. the company will be bracing for. they are preparing for disruptions. i have to give you this stat. it is slated to carry 249,000 people on more than 1700 flights over the next 48 hours. i am traveling this holiday weekend. i am not flying ryanair. matt: all right. not flying ryanair may be a good choice, especially considering the circumstances. what's the

van buren and jackson's estimation had committed what jackson called a fatal error. jackson believed that the democrats needed to nominate solid annexation man from the southwest and in his view polk fit the bill. polk surprise at jackson's vemomev vehement declaration. he told kate johnson they should support van buren in baltimore which would position him as the new yorker's running mate and polk proclaimed i've stood by mr. v.b. and will stand by him as long as there is hope, unless, polk said, that if van buren's efforts failed, then perhaps he could become the top choice for the democrats. he was in his friend's hands, polk said, and they can use my name in any way they think proper in baltimore. the democratic national convention did not go van buren's way. the delegates chose to institute the two-thirds rule which means van buren who possessed a majority of the votes was not able to win the nomination. on the ballot, polk's name appeared as a contender for the presidency. and on the ninth ballot, he became the choice of the democrats. following polk nomination

michael mckee is with us in jackson hole. it's a random selection of those who i was able to do interviews with ahead of time. we will hear more from the devilish side this morning -- the dovish side this morning. we will hear from jim bullard at the top of the hour. it's a situation where probably not a lot has changed in terms of who will go which direction. it's also important to remember who is voting. pat harker not voting this time. is.er i feel like we want to walk this question forward. how many ounces of prevention are necessary to sufficiently give an accommodative boost to the economy? what is that conversation now? michael: you hit the nail on the head there, alix. if the fed is going to be cutting rates, jay powell in july characterized it as a midcourse correction. wall street sees a recession ahead. how much accommodation to the various fed officials think we even even if we think -- if they think we do need a rate cut? is this a correction, or the beginning of a rate cut cycle? this is an important conversatio

jackson hole antitrade. president -- jackson hole and trade. president trump announced he would respond to china slapping tariffs on u.s. goods. this was part of the tweet threads. there were several more tweet threads. here to discuss it is damian sassower of bloomberg intelligence. this morning we had china headlines that roiled markets. we saw soybeans drop, we saw crude oil drop, and then we had relief when the fed chair spoke at jackson hole. suddenly markets are off a cliff. this is threatening the stability of financial markets in the u.s., isn't it? damian: absolutely. a lot of spreads at the end of the curve are blowing out. this has to do with plumbing int goes on in the fed, but the last 100 years the only incumbent presidents to not get reelected presided over a session. president trump knows this. he needs to right the ship. things are weakening and he needs to do whatever he can to stimulate the economy. kevin: to that point precisely, the president just weeding out earlier today "my only question is who is our bigger enemy? ?"y p

what are you hearing at jackson hole, what are people talking about? megan: a lot of people are talking about trade. i thought the message from jay powell's speech was that the fed does not set trade policy, and there is no precedent for how they should respond to it. they will do their best but they don't really have a framework for how to think about this. the strongest pushback we have seen from the fed in terms of trade. that being said, i don't even think jay powell's speech will make the front page of tomorrow's paper. it will be about trade. interestingly, the more important place to be right now is the g7 meeting, rather than jackson hole, although i'm not particularly optimistic about any action being agreed upon there. amanda: it is so interesting because we are worried about central banks at their limit in terms of their ability to help economies, so that the talk turns to fiscal. not a lot of physical capacity for governments around the world. do you think there will be some sort of agreement in trying to help the world economy? washington

jackson and polk new that for large amounts of urgent land were needed. there is no quit since that jefferson, jackson polk together haddad 2.1 square miles to the united states. jefferson took office in 1801, the u. s. land area was 891,000 square miles. and polk left office in 1849 it covered nearly 3 million square miles, it became the 48 continuous states. since vincent 700,000 square miles have been added most of its alaska. >> i emphasize land because the mexican war was all about taking land from mixico. mixico was the first but by no means the last. it began on a questionable pretense. we have seen it happen since then, the alleged gulf of tonkin incident and the reported weapons of mass destruction in iraq. polk said the war was about indemnity and the disputed texas mexican border. a secret purpose that he never publicly revealed was to obtain california. in 1846 united states had no pacific port but they longed to have them. england shared occupancy of the american territory in california belong to mixico. despite repeated attempts by the unite

now i'm going to talk about jackson. so my understanding that people from the community have been coming to give support of our project, and basically what the community is looking for is jackson to be identified on the next bond and to receive full funding so we can do our renovation all in one phase in order to serve our current community and our friends moving in. just to acclimate you all. here is jackson. here is jean friends. here is mission rec. here is pretreoro rec center. that is half a mile from jackson and up a steep hill. this is the most recent one from the planning commission. so as you can see, we have a lot of people moving in. east side is the place to be or at least the place to build, and we're looking for support for our parks on that side also. to that end i would just like to make sure that you know we have a signed m.o.u. with recs and parks. we hope to bring our plan for renovation hopefully to you soon. right now we're focused on advocating for as much allocation of the money, both city and priv

mentioned earlier that jackson had been with and extend. there have later had removal but bear out the attention. their starting to do so. in a matter early draft, it's impossible to miss. jackson's final september 16 paper, we find the paraphrasing. the banks effort to fork the government, that it might retain public money to be used for their private interest. retaliated by notoriously unfounded nuisance here. have two points to make. my second and final point is that his vision within the context of politics, this is an example of many colleagues in the congressional delegation. when you look at polk's decision within the context, what you see is that there is nothing inevitable about both polk -- while the boat was pending before congress a meeting attended by 100 people was held in columbia tennessee that eventuated a resolution constructing polk to vote for the charter. weeks later the grand jury set a national bank of the upmost utility to the government and the people of the united states. surely these were troubling signs. polk was

fed chair jay powell has to strike a fine balance at jackson hole. fears of recession swirl, but regional fed presidents question the need for more cuts. >> as i look at where the economy is, it is not yet time. i'm not yet ready to provide more accommodation to the economy, without seeing an outlook that suggests the economy is getting weaker. matt: a working weekend at the g7. french president emmanuel macron tells boris johnson a new brexit deal in 30 days is unlikely to happen, and italy has a few more days to cobble together an unlikely coalition. plus, the perfect storm. germany's buddhist bank -- bundesbank say it is not time for stimulus even as sentiments hours on the manufacturing sector. welcome to bloomberg markets, the european market open. we're looking at futures pointing to gains. the u.s. 10-year yield continues to climb. 1.64%, 1.65% the next stop, and in terms of european equity index futures, we see green across the board, on s&p futures as well. upe a look, dax futures .75%, cac futures up .66%, ftse futures gaining about 51 poin

anywhere from 40 to 100 miles outside of jackson, mississippi. mostly in small towns. 80 unauthorized 6 workers and brought them to a air national guard hangar next to the jackson airport where they processed them, fingerprinted them, and the next day they ended up releasing workers, andthose turned them back to the communities. 400 that wille to be moved to a federal facility in louisiana and processed and eventually deported. >> what has the reaction been throughout mississippi including the p no community, and what response are you expecting? it depends on the perspective. for the latino community it has been devastating. adding insult to injury for them, these raids happened on the first day of school. employees were ,hipped off from the children the children did not know where their parents were. it was a bit of outrage from that perspective. a lot of people are heartbroken by what happened. politically it has been divisive. supporter,r, a trump has supported the raids as has the u.s. attorney who was appointed by trump. they call it a matte

polk helped get jackson elected to the senate, and jackson had rewarded catrin's political friendship with a seat on the supreme court in 1837, and political friendship is the key phrase there because politics is how presidents decided on their supreme court nominees. you may know that 19th centuries justices did not have the same kind of credentials as they do today. state and federal judges often moved seamlessly between traditional political positions such as state representative or lieutenant governor, then into the judiciary, and then back into those political positions, and so as a result there were really no feeder courts from which presidents could find a farm team of suitable supreme court judges as they often do today. instead, political experience was often the best indicator for who was going to join the supreme court. 19th century presidents typically made supreme court nominations squarely based on partisan reasoning rewarding political friends with a job in the judiciary. to give you some sense of this, in 1844 when polk received the nomination for president, catrin was

he was so closely hey headlined with andrew jackson -- aligned with andrew jackson that he was called young hickory. this was a huge advantage because no one knew first of all when he ran in 1844 who polk was. and but because jackson was the most popular president of his era, being associated with him was a great thing. 1844, polk had become the first dark horse presidential nominee. kind of emerged from the democratic convention in baltimore. to hold the party together, he pledged to serve one term and he stuck to his pledge. polk once wrote in his diary that he's the hardest working man in america. and if he wasn't that, he was certainly the hardest working american president. every waking hour, six days a week, sometimes seven was occupied by public business. sara polk, his wife, his partner in politics and government. they had no children. and this was their life. politics. and running the country. he was educated at the maravian female academy in say hem, north carolina. and she was the only first lady to serve as her husband's secretary. in the white house, polks often worked si

news,en hays, bloomberg jackson hole, wyoming. david: here's the state of play and condition of the world, if you will. the world map you see and read, that basically means markets expect rates to fall in those places. pretty measure across the board with the exception of iceland and a couple markets in latin america. story,et more on the vanguard has more than five between dollars in assets under management globally. very nice to see you, good morning from hong kong. we're just talking about the fed there. let's start with that. month's points for next -- seems to be baked in. what comes after that is the specific question. >> that is our baseline, but i think the problem is that if that is to influence expectations, they better do something that is unexpected. if they come up with a 25 basis out withhey could come the dovish statement saying we will do whatever it takes to avoid a recession, or it could come up with a 50 basis point is not then say the risk balanced enough. i think what's going to happen after september, it real

we are concerned about the impact of this to jackson. i thought it was appropriate we respond as a city, that was signal our solidarity with our immigrant population, let people know and have people's depth up to the plate in support. i called on to our faith institutions to open their doors to people in need. i think that is a principal purpose for those established institutions is to help those in need. and people have responded to that call. we continue to be concerned about what the further tactics have been. no one reached out to my office prior to these raids. i have received correspondence now saying they wanted to clear up any misnomers, but of yet to speak to anyone. i don't know what those misnomers are. when i see that 11-year-old girl crying for her father, suggesting he is not a criminal that he is just a person seeking opportunity and income in jail and wondering what she will do and where she will go, that suggests there's something horribly wrong today. amy: and the jackson schools, were any of the children of the adults

it's all about chairman jerome powell's big speech at jackson -- at jackson hole tomorrow. french pmi comes in sunnier than expected. german manufacturer remains deep in contraction. hsbc breaks its silence on the unrest in hong kong, as the city faces an earnings recession not seen since the financial crisis. good morning, everyone. good afternoon as you are watching from asia. this is "bloomberg surveillance." i'm francine lacqua here in london. scarlet fu in new york. tom keene still on his week off. there will be a lot of speculation on what jerome powell can do tomorrow, how he will anticipate or try not to do the mistakes we saw at the last press conference. there is an outstanding editorial piece saying multilateralism is dead, long live the g7. we look forward to the g7 in biarritz. scarlet: a lot of the attendees will be looking for these one side meetings, bilateral they try toen as get together and solve big, intractable problems together. i can't wait for the group photo. it will be awkward with boris johnson making his debut, president trump wondering where vla

in jackson hole, wyoming. it's 11:00 a.m. on wall street and "squawk on the street" is -- "squawk alley" is live ♪ ♪ ♪ >>> good thursday morning. welcome to "squawk alley." i'm carl quintanilla live with morgan brennan at post 9 of the new york stock exchange. jon fortt has the morning off. the markets have lost some gains as all eyes are turning to jackson hole steve liesman is there as the fed's two-day annual economic symposium kicks off. hey, steve >> hey, carl this is from our icon. but the september fed fund futures has now flipped from a small probability of a 50 basis point cut in september to a small probability that the fed remains on old just to be clear, a 98% probability that the fed does cut by a quarter, but it was like a 2% probability of a fed now it's a 2% cut that the fed remains on hold in september maybe some of that coming from the sort of hawkish talk or less dovish talk we've gotten from two federal reserve officials here in jackson hole so far. i say "so far," because there's a lot yet to come.

central bankers in jackson hole that was hands carter thank you very much. see sun sand and surf as holiday destinations go the southwestern french city of berets pretty much has it all but this weekend it's playing host to the g 7 meeting while that might move the political contests it certainly isn't doing much for business in the city. normally at this time of year pierrots as beaches would be full of tourists looking to catch some waves or raise instead it's hosting some of the world's most powerful political leaders in town for the g. 7 summit. ahead of the start of the event on friday the city is in lockdown the airport and man train station will be closed to the public well certain parts of the city including the beach are only open to residents that have permits. according to the local mayor though there is no major problem. but 1st of all i would say in beer it's everyone knows that starting august 20th we see a decrease in the number of tourists we are not at the peak holiday season of august member of the but local business people are not impresse

investors wait for the main event in jackson hole. we speak to esther george, kansas city fed president. welcome to "bloomberg daybreak" on this thursday, august 22. i'm alix steel. david westin is off in italy, so awa will be joining me for the hour. luke: it's got to be great to wake up as a traitor and not be artillery shelled through bloomberg push notifications and see the s&p already down. . to help with risk appetite. -- got to help with risk appetite. alix: as you were pointing out, you're not going to see a lot of movement ahead of what is going to have any jackson hole. s&p futures down by about two tents of 1%. you have utilities making a record high yesterday, so a little bit of risk on the side. you do have dollar u.n. -- an with its biggest drop yesterday. time now for global exchange, where we bring you today's market moving news from around the world. joining us from london is bloomberg's emma chandra. from wyoming, michael mckee. from sao paulo, julia leite. first, i want to start in europe. euro area pmi's coming in

paul: jackson hole awaits jay powell speech. observers came to learn about the fed's rate policy and where the economy is heading. toughent trump talks saying america is winning the trade with china but the u.s. deficit is set to balloon to $1 trillion. hong kong protesters mark one month since gang attacks on the subway. wantswants -- beijing companies to toe the line. shery: let's get a quick check of the market close in the u.s. stocks are higher but after paring back some of those earlier gains, every sector in the s&p 500 was in the green. we had consumer discretionary and tech leading the way. not to mention we had numbers out of retailers like lowe's. we also had them from target. that helped with investor confidence. we had home depot showing signs that the second half would be strong. we had seen that rally. this is adding to the sentiment. at the same time, we have the fomc minutes. after that, the two-year treasury yield rallying. and we have eight the yield curve -- and we have the yield curve inverting. s&p active f

mike mckee at the annual economics symposium in jackson hole, wyoming. esther: as i look at where the economy is, it is not yet time. i'm not ready to begin to provide more accommodation to the economy without seeing an outlook that was a just the economy is getting weaker. michael: hiring has slowed. our companies struggling to find workers, or are they cutting back or limiting hiring because of uncertainty about where the economy is going? esther: the reports are that businesses are still having a hard time finding people. they are still wrestling with wages and thinking about how to compensate a workforce that they need to be productive. i think that still is one of their largest concerns, keeping the workforce they have and figuring out how to compensate them in a way that will keep them. guy: my next question is where is that wage pressure we should be seeing that you've been looking for? anna: i think we are seeing higher wages. it's true that for a number of years, even as the unemployment rate came down, we were not seeing a pickup in wages. over

although jackson invaded florida before he was president. when jefferson took office, it was 846 skwasquare miles. it became the contiguous 48 states. since then 700,000 square miles have been added and most of it in alaska. i emphasize land because the mexican war was all about taking land from mexico. the mexican war was the first, but by no means the last american war begun on a questionable pretext, and we've seen it happen since then and sinking in the main in havana and the purported weapons of mass destruction in iraq. polk said the war was about indemnities and the disputed texas-mexican border, but a secret purpose which he never publicly revealed was to obtain california. in 1846 they had no pacific ports that longed to have them. american england shared occupancy in the oregon territory and california belonged to mexico despite repeated attempts by the united states to buy it. mexico wouldn't sell california until the issue of texas was resolved. even nine years after the texas revolution, mexico still regarded texas as a rebellio