As we learn more about that unfolding situation today. But first, we want to turn or attention to a major change underway in america. Today workers in our Energy Industry are wondering where the Biden White House is leaving them. They spent decades Building Energy independence in this country. Thats been great news for workers and not such great news for other big Energy Providers like venezuela or russia or the middle east. We were building our own enormous energy supply. That shifted. The global power dynamic in a way that has not been seen since the advent of the automobile. Now its changing. Executive orders are it sheing down new leases for fracking on federal land. As you know, the xl pipeline is a casualty here. Heres what some of those workers are saying as they react to this. You prepare for these large projects. When one gets the rug yanked out from under it, you have nothing the next year or two years. I cant believe that all this in one day, that a mans stroke of a pen can
Democrats are considering going it alone with a much more expansive and expensive bill. The latest on these negotiations. Good evening, bret. Tonights meeting is the first time that President Biden has invited them to the white house and all of them are republicans. Whether or not he is willing to compromise or not to earn their support is still very much. Go big or go bipartisan. Thats the question President Joe Biden faces as he attempts to pass his 1. 9 trillion stimulus package. The president calls for bipartisan support and 10 moderate republican senators responded to the roughly 600 billion plan of their own. Im going to do everything i can to encourage the president to do something that is much more targeted from the 1. 9 trillion package. He was one of the ten moderates to send a letter to him on sunday reminding him of the promise tomorrows going to be it looks like you are in the snow globe at the white house. Thank you. Down the street from the bipartisan meeting in the oval
Domestic economy has not done so well and consumption is down on the quarter and investment spending is treading water. In that respect it would be premature to say the japanese economy is Out Of The Woods but it is a positive surprise. This is a tricky it is a positive surprise. This is a tricky balance it is a positive surprise. This is a tricky balance for it is a positive surprise. This is a tricky balance forjapan because they have been trying to boost inflation unlike some other g7 economies yet they are having a problem, people arent feeling confident in purchasing and buying things there. How do they balance this . They balance this . Indeed, thats the they balance this . Indeed, thats the milliondollar i thats the Million Dollar question right now. Weve had a pretty good result for these spring Wage Negotiations this year and wage growth is picking up year and wage growth is picking up injapan so in that respect things are changing. But the wage gains we are seeing now are not
And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
A further rise in business investment. Private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. How do you think investors are going to respond to this news . The japanese economy is performing quite well. I dont think it will be a big market reaction. Simply because the indications for Monetary Policy are not clear cut. The bank ofjapan is already quite optimistic about the gdp growth, and what really matters for Monetary Policy is how global inflation is. Strong gdp growth, the margin, Rising Inflationary pressures. As we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease Household Burden on the cost of living. In terms of the bank ofjapan, looking at whether they are actually going to raise Interest Rates after quite some time, what do you project . We time, what do you proect . We dont time, what do you proect . We dont thinkļ¬ time, what do you project . Dont thin