A day after top opec producer saudi arabia pledged to help stabilise the market. Overnight, the wall street major indices closed higher, the Us Central Bank has hinted it might hold steady on another Interest Rate hike as well. Federal reserve officials are embracing the higherfor Federal Reserve officials are embracing the higher for longer strategy, according to the newly released minutes from their september meeting. It shows that while officials are divided on the question of whether the Us Central Bank will hike Interest Rates again before the year is out, they all seem to think rates will remain high for some time. What the fed decides to taste the cost of borrowing in the us and has spill over for markets anywhere. Higher rates make it more expensive for americans to take out a house loan or a car loan and makes it more expensive for businesses to borrow money, which all slows growth. Meanwhile, the interest paid on Us Government bonds is moving towards its highest levels in mor
Duck a. Bit of a knowitall seems at times. Every time i hear you i feel a little dumber for what you say. America is not a racist country. Never, ever doubt who we are theres nothing from this debate that is going to push down Donald Trumps favorability. Theyre fighting for the bottom of the race right now. Clearly, this debate was a sign where these candidates are trying to emerge as the second place in this race against donald trump. Good morning, everyone. Top of the hour. So glad youre with us. Just heard the voice of our friend and workmate and so fascinating. Race for the bottom. Did they succeed breaking through against trump . Big question, in the race to actually win the race or some other position . Dig in and see what takeaways were. Yeah. Donald trumps rivals fighting for the spotlight at that chaotic primary. Yet again gop frontrunner a noshow and battled for a breakout moment. Its about if i may and showtime. Cant be a champion on both sides. I believe in these people. Th
Getting paid. Could impact everything from food safety, to research. Funding the government is among the basic responsibilities of congress. Its time for republicans to start doing the job america elected them to do. President joe biden calling on republicans to live up to the budget deal from earlier this year. The contentious negotiations. Meanwhile, several democrats are commenting on the Corruption Allegations against senator menendez. Also ahead an update on the auto workers strike. As the union is expected to get a highprofile supporter on the picket lines this week. Good morning. Welcome to Way Too Early other on this monday. Were now less than one week away from a potential Government Shutdown, republicans in the house still appear to be a long ways from passing a spending bill, a push to work through a weekend ended in embarrassment last week after a farright holdouts tanked an effort to bring bills to the floor. All this as the Biden Administration took initial steps to prepa
This race can be two sides look no closer to an agreement. More than 12,000 Union Members are on strike and their tactic is historic. The union is striking all three automata automakers at once, targeting some of the most profitable plants. By stopping work in only certain plants the unique can effectively bottleneck production without calling all of its members to strike at once. Union is seeking better pay and including the ends to a tiered pay system, a shorter work, and Better Benefits for retirees. And, cheaply, a 40 pay raise for its members over four years. Also say that is out of reach and that meeting the unions demands on worker pay wouldnt allow them to compete with foreign carmakers. The union has an advocate in Prisonjoe Biden who has voiced his support. Meanwhile, former President Donald Trump plans to skip the second republican primary debate and instead speak to striking Union Members in detroit. That was erin delmore in the us getting us the latest. We will be tracking
Earlier we saw the Australian Market opening lower. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel i think that would rock it markets very much to the upside as far as crude oil in the us dollar as a safe haven. We see how this all plays with it but i do expect the markets to appreciate in value, itjust depends on how significant this response is going to be. Or is it can be any response from israel. Shipping that oil could also be affected. Around a fifth of the world consumption of oil g