In about 90 minutes time well get the latest health check on the economy and everyone is asking the question will the numbers reveal we are officially out of recession . Well, most experts predict yes, and say we will see a smidgen of Growth Injanuary of 0. 2 . This would confirm the Bank Of Englands suggestion that the downturn is behind us. During the final three months of last year, the data showed the uk slipped into recession and inflation injanuary was at 4 so its still twice the Bank Of Englands target. Lets discuss all of this with azad zangana, Senior European Economist at schroders. Good morning to you. Are you with the majority believing today will give us a Growth Number . Today will give us a Growth Number . ~. ~ ~ number . We are. We think it could be number . We are. We think it could be even number . We are. We think it could be even a number . We are. We think it could be even a little number . We are. We think it could be even a little higherl could be even a little h
Seen from the nasdaq since november 21. We have been seeing good news about the stock market because the snp 500, a different index, has actually had a huge string of records, over 12 this year. There are a couple of things contributing to the Strong Performance generally, and a couple specifically, and when we zoom in on the nasdaq, the biggest thing was the Inflation Report came out yesterday, a highly watched number that the Federal Reserve specifically looked at and measures what people actually paying for goods and services. It showed inflation is tempering just a bit. The year over year measure was the smallest increase we have seen in years, and it lends steam to the narrative that inflation might be cooling, and that might do some favours to the market the Way Investors look at it. More broadly, there is enthusiasm over ai lifting tech stocks, many of which live in the nasdaq. Agaii tech stocks, many of which live in the nasdaq tech stocks, many of which live in the nasdar. ,.
fallen behind. many of you will to say kids need to feel the pressure of gcses coming down the line. what do you think are sats much too much, much too young? do they put children under unnecessary pressure? or are they an important tool for measuring abilities? how many millilitres of squash are in each drink? what is the correct answer? are sats up to scratch? what is the correct answer? get in touch, let s talk. call free. call me on 08085 909693. text 85058. follow 5 live on facebook and twitter.. it is good to see. here the news. train passengers are facing cancellations on many lines at the start of a weekend likely to be severely disrupted by strike action. train drivers in the aslef union have walked out today, in their continuing dispute about pay and conditions. more disruption is expected tomorrow, when rmt union members walk out. the uk economy grew a small amount over the first three months of the year. official figures show that gross domestic product increase
we ve been talking a lot about artificial intelligence today because dr geoffrey hinton, the man widely seen as the godfather of artificial intelligence has quit his job at google, warning of the dangers of ai. he s worried that al technology will flood the internet with misinformation. well, to look at some of the applications of ai in a bit more detail, courtney bembridge joins us from the newsroom. there are so many ways that al is set to change our lives. i wanted to have a look at some of the other applications. this piece in the guardian talking about noninvasive mind reading, turning our thoughts into text, it is designed to restore speech in those struggling to communicate after stroker motor neurone disease. sticking with medicine, this example, talking about chat gpt s bedside manner, saying it was better than many doctors, more empathetic and give better advice, although i m not sure many doctors would agree with that assessment. we got this from another tech web
washington, where the us debt ceiling fight is heating up, with both sides showing no room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen has issued a letter to congressional leaders, warning the us could run out of cash byjune 1st. that s prompted president biden to call a meeting with the top leaders in congress next week seen here. in the letter, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a 10 point 6 billion dollar deal brokered by regulators. hey seized first republic early on monday, after efforts to rescue the bank fell through over the we