tv BBC World News America PBS July 31, 2019 2:30pm-3:01pm PDT
woman: this is "bbc world news america." is made possible by... the freeman foundation; by judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs; and by contributions to this pbs station from viewers like you. thank you. laura: this is "bbc world news america." reporting from washington, i am laura trevelyan.
the u.s. federal reserve cuts interest rates for the first time in over a decade. prident trump tweets his displeasure it doesn't go far enough for him. the firstat night of demo debate in detroit was a battle for the direction of the demoatic party. now it is time for round 2. sen. warren: i don't understand why anybody goes to e trouble running for the president of the united states just to talk about what we can't do and shouldn't fight for.s, laura: p an unlikely tourist destination is pulling in the crowds. why is one town in the austrian alps suddenly so popular? laura: for those watching on pbs and around the globe, welcome to "world news amera." the u.s. federal reserve has cut inrest rates for the first time since the financial crisis of 2008.
fed chairman jerome powell says the quarter of a point reduction was designed to keep the econo growing for as long as possible and was not the start of a ng-term cycle of cuts. that has drawn the ire of president trump, who tweeted, "powell let us down." michelle fleury is outside the fed and joined us with her assessment. why is the chairman saying about why he made the rate cut now? thchelle: look, if you tak american economy right now, it verenjoying its longest uninterrupted period of growth in history. to many it may seem like a strange time to cut interest rates, which typically seen as an effort to boost the economy. but those in the building behind me are trying to do a preemptive cut. this is something of an insurance policy to make sure that the momentum in the economy continues to move forward so that all americans benefit from the recovery.
what they are worried about, laura, is global growth. they are seeing weakness and particully mentioned weakness from the eurozone and weakness in china. there islso concern about the impact that trade tensions are having on american companies. you are starting to see business invest less, and exports are also down. these are the types of things that the federal reserve is looking ats they made this decision. laura: michelle, the president are none too pleased. why the poor reactn there? michelle: in some ways it is hardly surprising that the president wasn't too happy. even earlier this week he said that the fed wouldn't do enough and today he is saying he is winning without the help of the federal reserve. donald trump has been callinfo steeper interest-rate cuts, saying that by comparison to what is happening in europe and china, where central banks are trying to do more to boost their
d economies, he feels the not doing enough. chairman jerome powell fought back, saying thawe are looking at the data and this is what we think the american economy needs right now. he sees this as a midcycle adjustment -- in other words, this isn't the start of a long period of rate cuts. at disappointed wall street, who had priced in several more rate cuts and were disappointed by what mr. powell had to say today. laura: michelle fleury, thank you. for more on today's decision, i spoke with a former governor of the federal reserve board who joined us from new york. the u.s. economy on thace seems to be doing well. was this a defensive rate cut? >> yes, it was in fact a defensive or preventative rate cut. that was really its rationale, ich is something unusual this is not the normal way monetary policy gets conducted.
it usually is the case that the fomc will wait to see some real derioration. but here the fomc did not want to wait. the fomc wanted to highlight in particular three weaknesses. one weakness having to do with a second weakness having to do with trade tensions. the third weakness, which got probably not as much play at a press conference as it migve ut was still mentioned, persistently low inflation. those were the factors that justified the rate cut and that you heard about in the fomc statement as well as in chairman powell's press conference.re laura: thedent is none too pleased. he has tweeted "powell let us down." how difficult is it for the central bank to remain independent in theace of this
political pressure? sarah: well, the fed is used to it from the president at this point and is dealing constantly wi barrages of that sort. and i think is well-equipped to really try to look at the underlying economic nd look at the strength of the data and look at the risks and try to do so without inrference of the president. but you see that those -- that interference is comi coming fast and furious. the ink is barely dry on the fomc statement and sure enough you get another tweet that the rate wasn't deep enough. i think this interference is going to continue for quite some time and almost become the m.o. for the fed. aura: the chairman did say that the greatest ris coming from abroad. what do you see as the biggest risks?
is it trade tensions from china, hard brexit? sarah: i think it is really alle ofbove. there are a number of indicators that are showing weak global demand, the manufacturing sector in parcular showing particular weakness. some of the indicators are really pointing to a slowdown. on the other hand, you have in the u.s. a very low unemployment rate, and this is quite important because the mandate, one of theandates of the federal open market committee is to make sure it does everything it can to maximize employment, maximum employment is the mandates here, and the unemployment rate is low at the moment. we do have in the u.s. a set of mixed indicators. but the fed hadecided to actually take action that isin -- that has the intent of
being more stimulative. laura: thanks so much for joining us. e rah: happy to be here. laura: last night mocratic hopefuls went head-to-head in detroit, and the splits in the party were on full display. the centrists and the progressives squared off on everythingrom immigration to health care. but which approach is going to win the nomination and defeat president trum that was the question which dominated last night's debate. take a look. mr. delaney: we can go down the road that senator sanders and senator warren want to take us, eeich is with bad policies like medicare for all, imeverything, anssible promises that will turn off independent voters and get trump reelected. sen. warren: i don't understand why anyby goes to all the trouble of running for president r the united states just to talk about what lly can't do and shouldn't fight for. sen. sanders: medicare for all is comprehensive and covers alld health care nes for senior citizens. rep. ryan: you don't know that. sen. sanders: i do know that, i wrote the damn bill.
laura: theb's barbara plett-usher is in detroit. she joins us now. what is your assessment of who did well last night? barbara: the main action was this underdog group of centrist candidates who tookn the libera candidates elizabeth warren and bernie sanders. senator warren had quite a good night. she had some memorable lines about why the democrats should think big and go bold. bernie sanders, quite a solid performance, better thanhe one last month, and the two of them banded together to ward off attacks on the policies rather than pursuing their own rivalries. the young mayor pete buttigieg broke through the noise of it, making the casfor generational ange. but there was nobody else really obvious you had a breakout moment.
the debate was feisty and around the ideological divisions which will shape the race. laura: what are joe biden's team saying about how he will approach tonight? heoes in as the front runner but had a slightly shaky debate last time. barbara: all eyes will be on joe biden. it is an important debate for him and he is the front runner because he is seen aslectable but the shaky debate last time made him seem less invincible. i think candidates will want to test just how vulnerable he is fight attacking his policies and his record. theyay his advisers that he will focus on one his main topriority is, which i beat mr. trump also but if his record isio que he will respond was adversely responded vociferously, and we expect the main excuse to involve these two african-american senators, cory booker and kamala harris, because they havein been atta his record on race. they will be standing oe on either s him center stage
for the that will be the focus, if not in the end the focus of the debate. laura: barbara plett-usher, thank you. we have talked about t democrats and their prospects, but president trumorsays he is uphe fight. one of the architects of mr. trump's victory in 2016 was steve bannon. although he has quit the white house, he is working from the outside to get mr. trump reelected. recently he sat down with our north erica editor jon sopel at a meeting in new mexico for supporters of the border wall. they talk to both -- they talked u.s. and u.k. politics. jon: odd question to start with at the border with mexico, i want to talk about events in the u.k. boris johnson, the prime minister. what do you make of it? steve: i think it was inevitrele. when t may and the team came over, they look at brexit as an obstacle to be overcome, not an opportunity to be grabbed. you could tell right away. if you look at '16, brexit andti
the trump el are inextricably linked. here we a, what, three years later onret and you are still not out and now we have a hard deadline on october 31. the british people have not seen even the beginning o turmoil. the beginning of the turmoil is about to start. jon: with hard brexit? steve: i said from the beginning that no-deal hard out is the way to go. you are about to go into what we call in football the red zone. you are about to go into where it is going to be choppy, and true leadership will come to the forefront. everybody in the united kingdom, al the voters, even people that are remain peopl saying that october 31 is a hard datewe anill have to see what happens. i've got to tell you, if you are not out, i think it really fuamentally changes britis politics. jon: let's talk about the wall, because here we are withhis bit of privately built wall. donald trump came to power on the back of that powerful slogan "build the wall."
he has now been in office two and half years and ire onsible for next to nothing being built. steve: he's been fighting for this from day one but it is the permanent political class he has been fighting, the courts he has been fighting, and obviously the progressive democrats, open-borders types, understand that this will be central to the 2020 election.hi they are foughevery step of the way. jon: the other charge against the president is that the way he does this is racist. steve: i thinkhat is all -- that is the mainstream media just blowing it up. if you come down here and talk to the local people, it is thein crime brought here, ok? it is the competitn for jobs being brought here. it is actually antiracist. what president trump is trying to do is protect african-american and hispanic workers and people in these cities.en jon: hang on, he president talks to four american congresswomen who have got backgrounds from abroad and say you should go back to your y,own couns that racist? steve: i think what he said is
you should go back -- look, here's the thing, he was making a point -- not racist -- he was making a point particularly like congressman omar -- i'm fine, what she sayis what she says and we should beat her at the polls. what somebody should do is run against her and beat her. i think she helps us because she is so anti-american. jon:f make that argument -- is it ok -- steve: the president of the united states has his own house style. jon: i want to bring you back to 2020 and steve bannon's role in 2020. are you gointo be back in 20? steve: i am back now. listen, i have much more opportunity outside. th is why i left the white house. jon:yo do you thinmight get brought back into the inside? steve: i would never go back.t everything tdo, everything i work on, is in support of president trump's reelection. president trump saved the united states of america when16 he won in hillary clinton was a globalist. we have an economic nationalist and populist in office. it is vitally important to us,ik justit is vitally important for boris johnson and
nigel farage and those leaders that are populist leaders in the u.k. are successful also also. it is imperative that he is reelected. i don't need to be in the campaign to do it. rsremember, i worked for yn that project before i was brought in for the last 88 days. i will work years on this, seven days week, 18 hours a day. laura: steve bannon talking to jon sopel. u.s. media is reporting that there is intellince saying osama bin laden's son hamza bin laden is dead. bin laden is thought to be the successor in the terrorist al qaeda. chris buckler joins us with more. what can you tell us? chris: hamza bin laden is a shadowy figu i and itnot entirely known what his ages, but it is believed he is 30. ther are military sources saying theil has beend in an
operation and they confirm he is dead. in recent months u.s. officials have been pushing for information about his whereabouts and offered $1 million award for information. they have become concerned hamza bin laden. they say he has become a key figure in the current leadership qaeda and following his father, and he had been using video and audio messages to call for attacks in north america and some of its allies. laura: in 2011 went osama bin laden was killed i remember going down to ground zero and it was a huge reaction. thwhat do yok the reaction will be now in the u.s.? chris: in america there will be many people who feel that is dead, if he was -- numbers of emerging in the leadership can potentially there will be people that the cntry is safer. if you took a look at some of the messages hamza bin laden had ting out, they had been calling for attacks in revenge for the killing of his father.
e he was by de of his father back in 2001ve whethat attack was plotted and carried out. and if you take a look at the mpound where the some of bin laden was found by u.s. special forces, there are letters written by him that suggest he son to be a his successor. laura: chris bucklerinthanks for bewith us. you are watching "bbc world news america." still to come on tonight's program, how to tackle crime a chge. one democrat -- tackle climate change. onet democ offering a green real deal where business plays a part. pregnant women in remote areas of kenya have long had little access to health." resulting in high rates of complications and infant mortality. now a significant change for expectant mothers in remote areas,n helping over 200 wome since the scheme was introduced.
>> i personally have had two miscarriages recently. as a mother, i know the pain of losing your unborn child. reporter: they hagp a plan to ustrackers to keep writing women and their babies safe in kenya. the community migrates from place to place, but gps allows health care teams to visit the women wherever they are. >> weovered 10 villages. we know the number of pregnant women in each village. we put a gps tracker on the men can we locate them, go where they are come and give them clinical assistance. reporter:an inf deaths ve dropped in the day villages
>> it is a traditional wristband. girls and mothers wear this. we've figured out a way to put the gps in to give to them. edwe stahis in february 2018. since then, we have helped 268 women. i love doing this very much. the main reason is that after a mother knows she is pregnant, all she thinks about is how she is going to give birth safely. when she sees her child's eyes for the first time, you see joy face.er her laura: one issue democrats agree on is the need to address climate change, but how? today the former energycr ary ernest moniz was at the u.s. chamber of commercear
ing that market solutions to deploy new technology are key. earlier he joined my colleague katty kay to talk about his een real deal. katty: y are working on something called the green real deal.d we have he awful lot about the green new deal. is the title of your deal an implicit criticism of the green new deal? mr. moniz: it is actually building on the foundation of the green new deal in the sense that the green new deal it has a commitment to low-carb and social justice being pursued. we take those as founding principles of the green real deal, but we are trying to move toward an implementable program opposed to a statement of principles. katty: you work in government so you understand the politics and it is often the politics that save prevented climate pro from being enacted. how do you differentiate different areas of the country and what could work politically in one aa but might not work al another area?
mr. moniz: first o s t me say that the political coalition buildingntral and that is putting forward what might sound like great solutions -- katty: is why you are speaking to more conservative business groups. mr. moniz: exactly.do if th't get the coalition built, we won't get anywhere. katty: is the business community behind climate-change proposals in america? mr. moniz: directionally it is veryncouraging. i was part of a group at the vatican last month with two statements signed by 11 oil and gas ceo's and leaders at major financial institutions, and the two statements were the need for rerbon pricing and the need for corporate discloon carbon performance. i think the directions are right.to however, i havay, generally speaking, we are not moving at anything like the pace required. i think the talk is mucht improved, lking the talk becomes the major issue.
on the statement of regional, which is part of the coalitionou building, asuggest, we have been walking the talk in the sense of doing green real deal analysis even before we put out the formal framework. we did a study in california, benign climate, great hydro resources. you go to my home state of massachusetts and you don't find those advantages. we have to find other ways of getting to low carbon. d is a rather poor resource in california but a great resource in the middle of the country. we have to figure out how to move that wind to major load centers, etc. there are different physical and political situations. , for example, in californe of the negatives, in my view, for reachi the 2030 goal of a 40% reduction is nuclear is off oue table. well, if you had ae of big nuclear power plants and
-- in california, that would aid you substantially. katty: secretary moniz, thank you for coming in. mr. moniz: thank you. laura: you may not have heard of a little town in the austrian alps called llstatt, but it has become a major tourist destination in bizarre fashion. hallstatt is a world heritage site witonly 800 people living there, but it gets a million tourists every year. it is now so fous that in china they have built a replica of the town. bethany bell explains what all the fuss is about. bethany: hallstatt is something of a alpine dream, but here the hills are alive with the sound of tourists and clicking smartphones. over the last 10 yearsthere has been a huge increase in the number of visitors h up to 8000 tourists, 10 times the population here, arrive every day.f many oem come from china. no one in hallstatt is really sure why this place has become such a magnet for tourists.
10 years ago, thingsmuch quieter here. but now it has even been in china they have buil a replica of the village complete with church and the town square. hallstatt's fame is partly due to social media, particularly in asia. >> we heard from some apps in china, and many people recommended the place, so we came here. >> i come here, hallstatt, for taking a picture to onload the internet like instagram and my profile send to my family. as been greatism for hallstatt's economy. >> the advantages are that we have become financially independent. used to be a place that people left. we cannot balance -- we could not balce our budget.
but that has cha ed. we can develop our own projects. beany: not everyone here i happy with the developments. some locals say there are simply too many tourists. >> we have a lot of short-term visitors who swamp the place and leave after two or three hours. that is not so good for the people who live here. beany: there are plans to reduce the number of tour buses coming to hallstatt, but it seems that mass tourism is here to stay. bethany bell, bbc news, hallstatt.a: la can you imagine living there? aui am trevelyan. thank you for watching "bbc world news america." announcer: funding for this presentation is made possible by. the freeman foundation; by judy and peter blum-kovler foundation,
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captioning sponsored by newshour productions, llc >> woodruff: good eving. i'm judy woodruff. on the newshour tonight: a decade in the making. the federal reserve cuts interest rates for the first time in over ten years. what does it mean for the economy, and why is it happening now? then, ten candidates down, tento o. where the democratic presidential hopefuls stand ter last night's debate and what to watch for in tonight'snd seound. and, out of thin air.ti how harv liquid water from fog may turn the tide of the global water crisis. >> it's a fairly simple solution, but yet by just tweaking meaningfull design, really at a small scale,