Which shoppers continue to buy essentials even as borrowing costs rise and inflation pinches their budget chinese property crisis deepens. Another company with openings to the sectors misses payments. The latest investments from beijing straight ahead later in the show, its not just the cost of tuition that continues to go up every school year living off campus is creating sticker shock for students and their parents. It is thursday, august 17th, 2023 youre watching Worldwide Exchange right here on cnbc good morning, welcome to Worldwide Exchange. Were going to check the stock futures. Theyre in the green across the board. Fractionally higher for the s p 500 and nasdaq at this hour, the dow will open 40 points higher h h losses picking up in the final hour of trading. Most people see serious risk for inflation that may require more rate hikes in the future back to back losses with the nasdaq leading the declines down 1. 2 the s p 500 closing at its lowest level in more than a month. Th
A little of this is flight to safety. Were going to talk geopolitics. Were going to the white house. The white house announcing sweeping new rules on what is called a crackdown on junk fees including banking, travel, lease sure, and housing. Theyre looking to ban businesses from charging hidden fees. That would include resort fees, live event fees, car rentals and more. They would be required to show customers the full price up front. That i would be empowered to secure refunds if the mandate is violated. The white house also taking aim at banks. The Consumer Protection bureau will require large banks to stop charging fees for basic Services Like requesting your Checking Account bans or payoff balance. Its more of a simple process. This is a big deal. You know what . For consumers, its sort of hard to think how its a good thing. Im sure there are folks on the other side, business leaders, saying, oh, my goodness, this is a whole other level of complication and we dont want to do it or
So why isnt it easier to finance these huge need for infrastructure and that someone unless countries. What is the seem to be a kind of chronic i would not useecular stagnation but the difficulty in getting the firms that actually exist to do their work. And anything and anything else you want to say. Thank you. Thank you for a very inspirational talk. I do think you know, when the music changes and you have a different dance i have different dances that come out of this dance around infrastructure spending. The reserve has shown that we had a long time for the public capitol stock essentially infrastructure has come down as a percent of gdp in low income countries, Something Like 40 percentage points, 20 25 years . So it is not a shortterm phenomenon that Infrastructure Investment i think it has been a longterm phenomena. We have tried to rely for a long time on the private sector, private business to deliver the infrastructure and i think now what we are realizing what is really impo
Device the biggest shooter used, turning weapons and automatic weapons, should be subject to additional regulations. The nra says officials should review whether the devices comply with federal law. The district of columbia decided not to appeal a ruling regarding ruling, striking down part of its gun laws. The law had required a valid reason to carry a gun, but that was ruled unconstitutional. U. S. Attorney general Jeff Sessions is revising a bushera crimefighting strategy. It sends certain gun crimes to federal court, where they could carry longer prison sentences. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Delivery disruption plan, how the ecommerce king is experimenting with a new service that could affect some major partners. We will look into the potential impacts on a fedex and ups and the timeline to a national expansion. Price hike. Xs th
Mr. Thornberry mentioned about ack which situation reform and making sure the system works better. I thank the chairman who has taken the lead on this issue. I think we have made significant improvements while acknowledging that we still have a long way to go to get the efficiency out of the pentagon budget. I think this bill does a great job supporting the troops and their families. Its basically the case we recruit a Service Member but you retain the family, and that means you have to provide for them. We support the 2. 5 pay raise in this bill and support the troops and their families in many different ways. This is a very good product. I also want to say, and i want to thank representative langevin on this issue. This bill states that Climate Change is a National Security threat. We make that the policy of the United States congress to acknowledge Climate Change and the impact that its going to have on our National Security. And representative langevin was tireless in making sure t