Live from london this live from london this is business todAy. Is business todAy. We stArt in the Red SeA where irAn bAcked Yemeni Houthi rebels AttAcked two more Crude Oil TAnkers with missiles And drones on mondAy in whAt us CentrAl CommAnd cAlled Reckless Acts of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the GAzA WAr bAck in november they hAve lAunched more thAn 70 AttAcks, sinking two vessels, Seizing Another And killling At leAst three seAfArers. The economic impAct hAs been felt fAr beyond the region with ships forced to divert on A long And costly detour Around the horn of AfricA. West coAst soAred 389 Betwen December And july. From AsiA to europe its been even more expensive up 469 over the sAme period. Those prices hAve eAsed A little since but Are still mAssively higher thAn when the houthis begAn their AttAcks. Peter sAnd is Chi
Below 50, then it s going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Let s turn our attention of the year. Let s turn our attention to of the year. Let s turn our attention to us, of the year. Let s turn our attention to us, the of the year. Let s turn our attention to us, the jobsl attention to us, thejobs data, that s out this friday. Will that s out this friday. Will that have any impact on what the fed decides to do. We know they re meeting in the next few weeks. , ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the
Let s turn our attention to us as well and talk about the us jobs data, that s out this friday. Will that have any impact on what the fed decides to do? we know they re meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global markets volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us central bank, to cut interest rate this month but what s concerning is that fed policy makers have had a poker face of not giving too much away until recently. We had a weak economic data release for the monthly jobs report in august and we have also seen a data revision where up to 850,000 jobs were potentially overestimated between april of last year and march of this yea
Has contracted in august for the fol then raight month. Has contracted in august for the fol then its iht month. Has contracted in august for the fol then its going nth. Has contracted in august for the fol then its going to 1. Below 50, then its going to grow as we continue into the new year. L115 grow as we continue into the new year grow as we continue into the new year. Us Obs Data is out this friday, new year. Us Jobs Data is out this friday, will new year. Us Jobs Data is out this friday, will not new year. Us Jobs Data is out this friday, will not have new year. Us Jobs Data is out this friday, will not have any| this friday, will not have any impact when the fed meets in a few weeks . Impact when the fed meets in a few weeks . Were looking at the hi. Hest few weeks . Were looking at the highest risk. Few weeks . Were looking at the highest risk, potentially, highest risk, potentially, economic event of the year so far. What weve seen last august was unprecedented. One of the ca