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The John Batchelor Show

GOOD EVENING: The show begins at the Federal Reserve watching for the decision by the Board of Governors to stand pat or reduce rates by a quarter point. To the campaign trail, both parties speaking of doubts about the opponent. To Berlin, Brussels, Paris

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 12 June 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

GOOD EVENING: The show begins at the Federal Reserve watching for the decision by the Board of Governors to stand pat or reduce rates by a quarter point. To the campaign trail, both parties speaking of doubts about the opponent. To Berlin, Brussels, Paris again, Mexico City, Yucatan, Gaza and Lebanon.

1811 Brussels

Transcript

Click on a timestamp to play from that location

0:00.0

Good evening. The show begins tonight at the Federal Reserve, waiting for a decision by Mr. Powell and the Open Market Board about the highest cost of money in more than two decades and what is to be done. Start the cuts with one and then risk

0:16.7

inflation spiking again or hold off for the rest of the year and watch a recession take hold which would cure inflation.

0:26.6

It's not an easy choice, it's why their job is very challenging.

0:31.3

Note that the ECB has already pushed through one cut, but Christine Lagarde, the chair of the ECB, has said that they're going to wait and watch the statistics come in before they do anything more.

0:46.0

Right now the dollar is very strong, the other currencies are relatively weak against it.

0:51.8

Will the Federal Reserve move? One in done might be the best

0:55.4

bet on Wall Street, but when? And then a conversation about the candidates. The

1:01.9

Democratic voices routinely now fear that Donald Trump in return to office would prosecute

1:12.0

extra constitutionally. would prosecute extra-constitutionally, leave it at that.

1:16.8

The Republicans fear that Joe Biden is not ready for a second term,

1:22.4

physically or mentally. Both parties persist in their doubts of the

1:28.3

other candidate. That is what campaigns are for, to sort it out.

1:34.0

Judy Dempsey joins to comment on the EU elections that has very much changed the face of the European Union.

1:41.0

The rise of the far-right parties in many of the states or

1:45.7

right-wing parties that are decidedly nationalists do not favor migration, do not

1:51.6

favor net-zero green technology, do not favor Mary Kessel commenting on the same the European Union, not the status quo in France and

2:06.4

Germany, Mr. McCrone is called a snap election for June 30th and July 7th to see if the Parliament is going to go towards the National Rally

2:16.0

that's Maureen Le Penh or to stay with him. He's got three years left and his two terms

2:21.2

term limited after that.

2:25.0

Conversation about London and the UK election with Joseph Sternberg, again turning on

2:30.0

migration and green technology. That is the question of the EU and it's a question

2:36.2

in the UK although pressing also or mistakes made by Mr Sunanac in his campaign. The chief mistake being leaving Normandy early

...

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