tv BBC World News America PBS July 31, 2019 5:30pm-6:00pm PDT
woman: this is "bbc world news america." is made possible by... the freeman fountion; by judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs; and byibutions to this pbs station 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. president trump tweets his t spleasure it doesn' far enough for him. the first night of democratic debate in detroit was a battle for the direction of the democratic party. now it is time for round 2. sen. warren: i don't understandd why angoes to the trouble of running for the president of the united states ju to talk about what we can't do and shouldn'for. laura: plus, an unlikely tourist destination is pulling in the crowds. whywn is one ton the austrian alps suddenly so popular? laura: for those watching on pbs and around the globe, welcome td "wews america." the u.s. federal reserve has cut interest 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 economy growing for as long possible he start of a long-term cycle of cuts. that has drawn the ire of president trump, who tweeted, "powell t 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? michelle: look, if you take the american economy right now, is i enjoying longest-ever 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 toove forward so that all americans benefit from the recovery.
what they are worried about, laura, is global growth. they areeeing weakness and particularly mentioned weakness from the eurozone and weakness in china. there is also concern about the impact that trade tensions are having on american companies. you are starting to see businesses invest less, and exports are also down. these are the types of things that the federal reserve is looking at as they made this decision. laura: michelle, the markets and the president are none too pleased. why the poor reaction there? michelle: in some ways it is hardly surprising that the hapresident wasn't toy. even earlier this week he said that the fed wouldn't do enough and todahe is saying he is winning without the help of the federal reserve. donald trump has been calling for steeper interest-rate cuts, sang that by comparison to what is happening in europe and china, where central banks are
trying to do more to boost their economies, he feels the fed is not doing enough. chairman jerome powell fought back, saying that we are lookin at the data is is what we think the american economy needs right now. he sees is as a midcycle adjustment -- in other words, this isn't the start of a long c period of ras. that disappointed wall street,n who had pricedveral more rate cuts and were disappointed by what mr. powell had to say laura: michelle fleury, thank you. for more on tod's decision, i spoke with a former governor of the fedeserve board who joined us from new york. the u.s. economy on the surface seems to be doing wellen was this a dve rate cut? >> yes, it was in fact ave defensive or pative rate cut.y that was reas rationale, which is something unusual. this is not the normal way
moneta policy gets conducted. it usually is the case that the fomc will wait to see some real deterioration. but here the fomc did not want to wait. the fomc wanted to highlight in particular three weaknesses. one weakness having to do with weak global demand. a second weakness having to do with trade tensions. the third weakness, which got probably not amuch play at ace press confers it might have but 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. laura: the president is none too pleased. he has tweeted "powell let us down." how difficult is it e central bank to remain
independent in the face of this political pressure? sarah: well, the fed is used to it from the president at this point and is dealing constantly with barrages of that sort. and i think is well-equipped to really try to lookt the underlying economic data and look at the strength of the data and look at the risks and try to do so without interference of the president. but you see that those -- that interference is coming andmi fast and furious. the ink is barely dry on the sfotement 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 almosme the m.o. for the fed. laata: the chairman did say the greatest risks are coming from abroad. what do you see as the biggest
risks? is it trade tensions from chinae hardt? y sarah: i think it is real of the above. there are a number of indicators that are showing weak global demand, the manufactur in particular showing particular weakness.so 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 the mandates of the federal open market committee is to make sure it does everythingn ito maximize employment, maximum employment is one of the mandates here, and the unemployment rate is low at the moment. we do have in the u.s. a set of mixed indicators.bu the fed has decided to actually take actionhat is going -- that has the intent of
being more stimulative laura: thanks so much for joining us. sarah: happy to be here. laura: last night the democratic 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 everything from immigration to health care. but which approach is going to win the nomination apr defeat ident trump? 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 toake us, which is with bad policies like medicare for all, free everything, and impossible promises that will turn off independent voters and get trump reelecte sen. warren: i don't understand why anybody goes to all the trouble running for president of the united states just to talk about what we really can't do and shouldn't fight for. sen. sanders: medicare for all is comprehensive and covers all health care needs for senior citizens. rep. ryan: you don't know that. sen.anders: i do know that, wrote the damn bill.
laura: the bbc's barbara plett-usher is in detroit. she joins us now what is your assessment of who did well last night? tbarbara: main uction was therdog group of centrist candidates who took on the liberal candidates elizabeth warren and bernie sanders. senator warren had quite a good night. she had some memorableines about why the democrats should think big and go bold. bernie sanders, quite a solid performance, better than the one last mth, and the two of them banded together to ward o attacks on the policies rather than pursuing their own rivalries. the young mayor pet buttigieg broke through the noise of it,ki the case for generational change. but there was nobody else really obvious you had aout moment.
the debate was feisty and around the ideological divisions which will shape the race. laura: what are joe biden's team saying abopr how he will ch tonight? he goes in as the front runner but had a ightly shaky debate last time. barbara: all eyes will be on joe biden. it is an important debore him and he is the front runner because he is seen as electable but the shaky debate last time made him seem less invincible. i think candidates will want to st just how vulnerable he is fight attacking his policies and his record. they say his advisers that he will focus on one his main priority is, which is to beat . trump also but if his record is question, he will respondas adversely -- responded vociferous, and we expect the main excuse to involve these two african-american senators, cory booker and kamala harris, because they have been attacking his record on race. they will be standing one on either side of him centestage
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 the democrats and their prospects, but president trump says he is up for the fight. one of the architects of mr. waump's victory in 201 steve bannon. although he has quit the white house, he is working from the outside to get mr. trump reelected. recently h north america editor jon sopel at a meeting in new mexico for supporters of the borderall. they talk to both -- they talked u.s. and u.k. politics. jon: odd question to start with at the borr with mexico, i want to talk about events in the u.k. boris johnson, your friend, now the prime minister. what do you make of it? steve: i think it was inevitable. when theresa may and the team came over, they look at brexit as an stacle to be overcome, not an opportunity to be grabbed. u could tell right away.
if you look at '16, brexit and the trump election are inextricably linked. here we are, what, three years later on brexit and you are still not out and now we have a hard deadline on october 31. the itish people have not se even the beginning of the turmoil. the beginning of the turmoil is about to start. jon: with rd 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, ap true leaders will come to the forefront. everybody in the united kingdom, all the voters, eveneople that are remain people, are saying that october 31 is a hard date and we will have to see what happens. i've got to tell you, if you ari not ouhink it really fundamentally changes british politics. jon: let's talk about the wall, because here we are with this bit of privately built wall. donald trump came to pn the back of that powerful slogan "build the wall."
he has now been in office two and half years and is responsible for next to nothing beinbuilt. 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 obviouslv the progredemocrats, open-borders types, unhirstand thatwill be central to the 2020 election. they are fought him every step e the way. jon: the other chaainst the president is that the way he does this is racist. steve: i think that is all -- that is the mainstream mediawi just b it up. if you come down here and talk to the local people, it is the crime being brought here, ok? it is the competition for jobs being brout here. it is actually antiracist. what president trump is trying african-american and hispanic workers and people in these cities. jon: hang on, when the president talks toour american congresswomen who have brgot backgrounds fromd and say you should go back to your own country, is that racist? steve: i think what he said is
you ould go back -- look, here's the thing, he was mining a -- not racist -- he was making a point particularly like congressman omar -- i'm fine, what she says is what she says and we should at her at the polls. what somebody should do is run against her and beat her. i think she hes us because she is so anti-american. jon: if i make that argumen -- 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. e you going to be back in 2020? steve: i am back now. listen, i have much more opportunity outside. that is why i left the white house. jon: do you think you might get brought back into the inside? steve: i wld never go back. everything that i do, everything i work on, is in support of president trump's reelection. president trump saved the united states of america when he won in 2016. hillary clinton was a globalisav wean economic nationalist and populist in office. it is vitally important to us, just like it is vitally anportant for boris johnso
nigel farage and those leaders that are populist leaders in the u.k. areuccessful also also. it is imperative ttet he is reel i don't need to be in the campaign to do it. remember, i worked for years on that project before i wa t brought in f last 88 days. i will work years on this, seven days a week, 18 hours a day. laura: steve bannon talking to jon sopel. u.s. media is ree rting that th intelligence saying a bia bin laden's son hamz laden is dead. bin laden is thought to be the successor in the terrorist group al qaeda. chris buckler joins us with more. what can you tell us? chris: hamza bin laden issh a owy figure and it is not entirely known what his ages, but it is believed he there are military sources saying the has been killed in an
operation and they confirm he dead. in recent months u.s. officials haveeen pushing for formation about his whereabouts and offered $1 million award forti infor. they have become concerned about hamza bin laden. they say he has become a key figure in the current leadership of al 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: in011 went osama bin laden was killed i remember going down to ground zero and it was a huge reaction. what do you think the reaction will be now in the u.s.? chris: in america there will be many people who feel that if he is dead, if he was -- numbers of emerging in the leadership can potentially there will be people that the country is safer. if you took a look at some of the messages hamza bin laden had been putting out, they had been calling for attfoks in revenge the killing of his father.
he was by the side of his father back in 2001 whenever that attack was plotted and carried out. and if you take look at the compound where the some of bin laden was found by u.s. special forces, there are letters written by him that suggest he was grooming h son to be a successor. laura: chris buckler, thanks for being with us. you are watching "bbc world news america." htstill to come on to's program, how to tackle crime a change. one democrat -- tackle climate change. one democrat is offering a green real deal wherees busplays a part. pregnant women in remote areas of kenya have long had little access to health." resulesng in high rf complications and infant mortality. now a significant change for expectant mothersremote s,area helping over 200 women since the scheme was introduced.
>> i persona hy have two miscarriages recently. as a mother, i know the pain of losing your unborn child. reporter: they have a plan to use gps trackers to keep writing nymen and their babies safe in ke the community migrates from place to place, but gps allows health care teams to visit the women wherever they are. >> we covered 10 villages. we know the number of pregnant women in each village. we put a gps tracker on the women can we locate them, go where they arean come give them clinical assistance. rerter: infant deaths have 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. we started this 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 going to give birth safely. when she sees her child's eyes for the first time, you see joy all ov her face. laura: onessue democrats agree on is the need to address climate change, but how? today the former energy secretary ernest moniz was at the u.s. chamber of commerce
arguing that market solutions to deploy new technology are key. earlier he joined my colleague katty kay to talk about his green real deal. katty: you are workingth on sog called the green real deal. we have heard an awful lot about thgreen 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.as we take thosounding principles of the green real de but we are trying to move toward an implementable program as opposed to a statement of principles. katty: you work in gent so you understand the politics and it is often the politics that have prevented climate proposals from being enacted.if how do yourentiate different areas of the country and what could work potically in one area but might not work
in another area? mr. moniz: first of all, let me say that theolitical coalition building is central and that is putting forward what ioght sound like great sol -- katty: which is why you are speaking to more conservative business groups.z: mr. moxactly. if they don't get the coalition built, we won't get anywhere.bu katty: is thness community behind climate-change proposals in america? mr. moniz: directionally it is very encouraging. 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 carbon pricing and the need for corporate disclosures on carbon performance. i think the directions are right. however, i have to say, generallspeaking, we are not moving at anything like the pace required. i think the talk is much improved, but walking the talks becoe major issue.
on the statement of regial, which is part of the coalition building, as you suggest, weg have been walke talk in the sense of doing green real deal analysis even before we put out the formal framework. we did a study in california, nign climate, great hydr resources. you go to my home state of massachusetts and you don't find those advantages. we have toind other ways of getting to low carbon. similarly, wind is a rather poor resource in california but a great resource in the middle of the country. have to figure out how move that wind to major load centers, etc. there are different physical and political situations. for example, in california, one of the negatives, in my view, for reaching the 2030 goal of a 40% reduction is nuclear is off the table. well, if you had a couple of big nuclear power plants and
-- in california, that would aid you substantially. katty: secretary moniz, thank you for coming in. mr. moniz:hank you. laura: n you m have heard of a little town in the austrian alps called hallstatt, has become a major tourist destination in bizarre fashion. hallstatt is a world heritage site with only 800 people living there, but it gets a million tourists every year. it is now so famous 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 an alpine dream, but here the hills are alive with the sound of tourists and clicking smartphones. over the last 10 years, there hashe been a huge increase in number of visitors here. up to 00 tourists, 10 times the population here, arrive ery day. many of them come from china. no one in hallstatt is really sure why this place has become such a magnet for tourists.
10 years ago, things were much quieter here. but now it has even been cloned in china they have built va replica of tlage comple town square. and the 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 on the internet like instagram and my profile send to my family.an be tourism has been great for hallstatt's economy. >> the advanges are that we have become financially independent. we used to be a place that people left. we cannot balance -- we could not balance our budget.
t buthat has changed. we can develop our own projects. bethany: not everyone here is 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. bethany: 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. laura: can you imagine living there? i am laura trevelyan. thank you for watching "bbc world news america." announcer: funding for this presentatiopo is madible by... the freeman foundation; by judy and peter blum-kovler foundation,
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captioning sponsored by newshour productions, llc >> woodruff: good evening. 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, ten to go. where the democratic presidential hopefuls standr afst night's debate and what to watch for in tonight'snd second r and, out of thin air.iq how harvestingd water from fog may turn the tide of the global water crisis. >> it's a fairly simple lution, but yet by just tweaking meaningfully the design, really at a small scale,