And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman s association and the us Maritime Alliance are wages and automation for the workers are unhappy with the current contract which spanned the pandemic and dockworkers st
White house correspondent Jacqui Heinrich is at camp david tonight. Good evening, jacqui. Good evening, bret. The leaders convened to show, give a show of force, rather, against threats from north korea and also from china. They announced a new Joint Commitment to consult with each other in times of crisis, increase their military exercises, jointly in the region. Step up intelligence sharing, and also a new plan to convene annually at a new summit. The leaders did Call Out North Korea by name. But they were careful not to oreillyrile china. Make clear this is not the beginning of a new formal alliance. The president s domestic problems loomed in the background, too. Get some lunch . President biden dodged the press for a full week after david weiss, the u. S. Attorney investigating his son, was elevated to special counsel. And today he ended up taking his first question about it shoulder to shoulder with two major u. S. Allies. I have no comment on any investigations going on thats up
Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli
Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
Replacing his Campaign Manager. What can you tell us . So to the campaign that just keeps resetting here. The Campaign Manager whos been with the governor for a long time, helped run his gubernatorial reelect, has been demoted. Shes now a senior adviser. His chief of staff, the guy who ran the official side has been moved over to be Campaign Manager. James is very much in line with the governor. Hes sort of the same policy and Political School of thought. Very conservative. So i think this is kind of an indication that the campaign is going to start, continue to focus on a lot of things its been focused on. Really the issues that brought him to a point where he could run for president and was perceived to be a potential frontrunner, at least at one point. Matt, thank you for the latest there. In New Hampshire, former President Trump is expected to speak within the hour even as his defense team rather battles with doj prosecutors over suggested limits on government everyday. Vaughn, wha