Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
Good evening, thank you forjoining us tonight. 41 people have died after their small boat capsized as they were trying to make the crossing from tunisia to italy, the latest in a string of tragic incidents in the mediterranean. Joining me on our panel for the next hour is the political Sketch Writer tom peck and victoria coates, former Senior Energy adviser to the trump administration. Also on the programme, joe biden is expected to issue an Executive Order banning Private Equity and Venture Capital investments in some Chinese Technology companies, escalating washingtons efforts to Prevent Beijing from developing Cutting Edge Technology for its military. Well get reaction from two congressmen that sit on the select committee on china. Its been one year Sincejoe Biden launched his plan to boost the Us Semiconductor industry. We will check in with a member of the chips team to see if the promises have been met. And if you are the type of person struggling to get in your 10,000 steps a da
Being a lot lower in 02 this year than they were last year. As we well remember, they were running up sharply by last year. Bp has realised that prices were down by just under 40 year on year and a biggerfall, they realise just under 40 year on year and a bigger fall, they realise that gas price, 45 and also down by a 30 , that explains why the puppet are lower this year than last year. Lower, but still quite an impressive number nonetheless. It will always raise criticisms about windfall tax with big energy firms doing well on the back of these prices, though as you have said, they have come down from their peaks. Bp is not a big player in the uk any more. Its from their peaks. Bp is not a big player in the uk any more. Its not a big player. Player in the uk any more. Its not a big player. But player in the uk any more. Its not a big player, but reasonably a big player, but reasonably important. They pay tax there and i think, looking at figures, it is gone away, given the price of co
From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
Card. The weather stays on the i chillier side of things. Tomorrow the will be drier and brighter. Its saturday the 2nd of march. Our main story. The Prime Minister has urged the nation to stand together against extremists who want to undermine britains multi faith democracy. Labour said rishi sunak was right to call for unity but the lib dems claimed the conservatives had sowed the seeds of division for years. Our Political Correspondent, leila nathoo, has the latest. The Prime Minister arriving back at Downing Street last night, ahead of an unusual address to the country from outside number ten, to warn that extremists were spreading poison. There are forces here at home trying to tear us apart. Since october the 7th, there have been those trying to take advantage of the very human angst that we all feel about the terrible suffering that war brings to the innocent, women and children. To advance a divisive, hateful ideological agenda. His speech was prompted by the election of the co