The iconic 123 year old American Steel company and said its vital that the company remain owned and operated in the states. This is a big deal and notjust politically. Nippon steel is set to pay 14. 9 billion to acquire the us giant. But politically, this is territory President Biden knows well. He has cast himself as a champion of the Working Class and called himself the most pro Union President in history. He made headlines for walking the picket line with striking Auto Union Workers last fall. Unionised steelworkers could lend the president support in his election bid. They form the largest industrial union. And for his part, donald trump pledged to block the deal if he takes the white house again. They agreed that Foreign Ownership would leave the us vulnerable when it comes to prioritising their own defence and infrastructure. Its bound to become a topic of conversation between key allies when japanese conversation between key allies whenjapanese Prime Minister when japanese Prime
Again. We will break down the logistics with craig fuller. And the consumer check in, seconds away from retailers reporting next week. We will get instant analysis with the woman behind the survey. From new york, i am kriti gu pta. It is a summer friday and both sides of the atlantic would of getting economic guy guy data thats moving the markets . Absolutely, and in some ways, its more important data today than yesterday. Todays data is forwardlooking particularly the ppi number but also the data that is dropping on the screen now which the you which is university of michigan data. Its a longer term Inflation Expectation the people will Pay Attention to because the fed will think about this. The 510 year inflation number drops from three pointto 9 . More broadly, sentiment is 71. 2 and dips in line with expectations and current conditions, 77. 4 and takes it higher. The expectations number dips to 67. 3. The concern at the moment is that we are in a situation where we could see inflat
Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking a stand against a deal in the making. Us steel, an american company, is set to be bought by nippon steel, a japanese company. But President Biden says that us steel should stay in the us. L115 says that us steel should stay in the us in the us. Us steel the stronger in the us. Us steel the stronger america in the us. Us steel the stronger america is in the us. Us steel the| stronger america is made in the us. Us steel the stronger america is made here. The president praised the iconic 123 year o
American Steel Company and said it is vital that the company remain owned and operated in the us. This is a big deal and notjust politically. Nippon steel is set to pay 14. 9 billion to acquire the us giant. But politically, this is territory President Biden knows well. He has cast himself as the champion of the Working Class and has called himself the most pro Union President in history. He made headlines for walking the picket line with striking Auto Union Workers last fall. Unionised steelworkers could land the president supporting his election bid. The four north americas largest industrial union. For his part, former President Donald Trump pledged to block the deal if he retakes the white house. The president of the United Steel Workers International welcomed the call from biden on thursday, agreeing that Foreign Ownership would leave the us vulnerable when it comes to prioritising its own defence and infrastructure. It is bound to be a topic of conversation between key allies whe
just won a key endorsement from the united auto workers union as he and trump ramp up preparations for a divisive rematch. team biden seeking to bring the democratic coalition together amid protests of discontent among progressives. and my exclusive interview with second gentleman doug emhoff. the vice president and husband of vice president harris warning of the dangerous rise in antisemitism across the united states and remembering the horror of the holocaust. welcome to our viewers in the united states and around the world. you re in the situation room. tonight the trump and biden campaigns are in a full-scale pivot just hours after the former president s double digit win in new hampshire. trump and biden allies now convince that had the fight for the gop presidential nomination is effectively over. but trump rival nikki haley says not so fast. more on where the race goes from here. reporter: joe biden and donald trump are headed closer to a rematch. i ve never been