Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste
Neil carberry is the Chief Executive of the recruitment and employment confederation. We have definitely seen a cooling in Labour Market demand for newjobs over the last year, year and a half. And lots of change going on inside companies as they adapt to a slower economy. So, definitely signs of a cooling, that of course is what the bank is looking for to justify dropping Interest Rates in the next few months. But i think what is important to say is that there is nothing precipitous here, unemployment overall is still low, demand is still relatively high next to historic standards. So this is a gentle cooling, more of a soft landing rather than anything more challenging. And there is some hope in the business surveys for a turnaround later in the year. The rec speaks for 3,000 Recruitment Agencies all over the country and what we are getting is not employers shutting up shop and not hiring, but those Decision Making timescales take a bit longer, maybe we will recruit that rule next mon
The core rate, stripping out those volatile elements such as fuel and rents, fell to 3. 8 from 3. 9 injanuary, but that was still higher than the 3. 7 expected. This latest data suggests there is still some stickiness with inflation that will be scrutinised by the Federal Reserve as it weighs up a highly anticipated Interest Rate cut injune. Lets head over to new york and speak to our north America Business correspondent michelle fleury. Not michelle fleury. A huge rise but not heading in the not a huge rise but not heading in the right direction . The right direction . People were hoinu to the right direction . People were heping to see the right direction . People were hoping to see more the right direction . People were hoping to see more evidence hoping to see more evidence that prices were cooling and moving in the direction they wanted, this probably goes in the negative column, inflation is a bit hotter than people would like to see, and it does not necessarily mean a different
Reasons. Im leaning on the cooler side. So 60s and 70s. Speaking on the cooler side, here he is, mister sal castaneda, free trade coffee, steve with glacier water, a handpicked organic, shade grown and only sustainable coffee. Exactly. Thats exactly it. All right, lets go to highway four, there was a crash. Highway four, right. Let me put the indicator just to show you. Right at the connector ramp to 242. Theres a little bit of a backup there. As they clean up the remnants of a big rig crash. Its almost gone. Theyre still clearing up some debris, but theres only a little bit of a backup there right now. If youre going to the bay bridge toll plaza, it is light. So right now we have a good start for you to grab that cup of coffee and go 401. Lets go back to the desk. Okay, sal, well demonstrators in berkeley have taken over a building owned by uc berkeley thats not far from the campus. Yeah, uc berkeley Officials Say they believe these are not the same people who set up camp at sproul pl
A deliberate act two people arrested. While watching. Violating aviation. Flight with. Welcome to the news are there are reports in australia that up to nineteen people have been injured after a car drove into pedestrians in melbourne a white s. U. V. Crashed into a cable car stop on flinders street during Late Afternoon rush hour police have arrested the Driver Police arrived at the scene within minutes and arrested i mean at this stage we have fourteen people injured and several i critique on at this stage we believe is that a deliberate act and i repeat that at this stage we believe it is i deliberately act however we do not know the motivation and is still early stages of the investigation. Under thomas joins me now live from sydney and while the Police Investigation continues just bring us up to speed for those that are joining us here on the news our andrew in terms of the timeline leading up to this incident. What happened just over four hours ago now just after fourth four thir