Will today announce if it plans on raising Interest Rates for the worlds biggest economy. Any rise will be seen as an endorsement of not only the strength of the American Economy, but also the Global Economy, ten years on from the financial crisis. There have been three rises since december 2016 and markets are already factoring in another rise later today. Us Economic Growth has hit an annualised rate of more than 3 in the past two quarters, while the Unemployment Rate is at its lowest since 2000. Us jobs growth was once better than expected in november, with payrolls rising by 228,000 with the Unemployment Rate Holding Steady at 4. 1 . And in october the imf upped its forecast for the Global Economy and now predicts growth of 3. 6 this year and 3. 7 in 2018. Meanwhile, the us stock market has also been surging ahead its regularly broken records throughout the year. But just who should take the credit for it . Turns out theres a difference of opinion as Samira Hussain reports now from
And well be getting the inside track on how to feed a hungry planet. We hear from one woman who believes she has the solution to the issue of limited resources and it involves bugs. And as facebook fights backs against claims by a former boss that the site is ripping society apart, we want to know do you agree or is facebook right to defend itself . Send your comments to hashtag bbcbizlive. Lots of comments from you already. So keep them coming in. Is Facebook Ripping Society apart . Facebook says no. Many of you disagree. We will talk about that later. The worlds most powerful central bank the Us Federal Reserve will today announce if it plans on raising Interest Rates for the worlds biggest economy. Any rise will be seen as an endorsement of not only the strength of the american economy, but also the Global Economy. This is ten years on from the financial crisis. There have been three rises since december 2016 and markets are already factoring in another rise later. Us Economic Growt
Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a bit on the talk that op
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a