inflation trending down. data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slightly lower, butjapanese nikkei opening slightly lower, down by about i%. in other news, sporting goods giant nike has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have beaten revenue estimates for seven straight quartrs, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. chinese authorities have released data
badly. the data however paints a different picture. the us economy grew 2% in the first three months of this year. that is almost double initial estimates. consumers spend more, exports held up and prospect for the second quarter also look better with the housing market focused on recovery and subsidies for semiconductor and electric car parts beginning to kick in. the challenge for america s central bank is to keep inflation trending down. data due out later this friday from the us commerce department is likely to confirm prices are cooling. but with inflation still stubbornly hire, policymakers here as in many other developed economies are not done raising interest rates. susannah streeter is senior investment analyst at hargreaves la nsdown. susannah, biden is obviously on a re election campaign. but if we look at his economic track record as president, how successful have his policies been? well, the problem that the us has faced, as have other economies around the world
department is likely to confirm prices are calling. but with inflation still stubbornly high, policy makers here as in many other developed economies aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. investors hope there may be a chance the us economy could avoid falling into a recession so we saw a bit of a rally in all the main indices. let s show you how japan s all the main indices. let s show you howjapan s nikkei has started, down by almost i%, profit taking also happening as well. in other news, sporting goods giant nikkei has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have been revenue estimates for seven street orders, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. going to china were on about how authorities are expected to releas
attack on a critical bridge linking russia to crimea. i m sandra smith in for neil cavuto. this is your world. we ve got fox team coverage to kick things off for you. trey yingst is on the ground. mark meredith has more on president biden s armageddon comments could be complicating matters and general kellogg with how the u.s. should respond. we begin with trey yingst. what s the latest from the ground, trey? yeah, sandra. we have new reaction to the russian attack on ukraine earlier that decimated this country in many cities. antonio gutierrez calling this an unacceptable escalation of the war. ukrainian is bracing for additional strikes after more than 75 missiles targeted major population centers like kyiv and kharkiv. 11 people were killed and dozens injured including head of the national police cyber unit in kyiv. black smoke plumes were seen rising after the attack begin. the russians say they were targeting military infrastructure. images from the ground tell a dif
the where revised data shows the biggest economy of the world grew much faster than previously estimated in the first three months of the air. it expanded at a 2% annualised pace, nearly double the previous estimate. last week we saw unemployment numbers decline, adding to signs of the economy s resilience. from new york, michelle fleury. ask most americans how the world s must economy is doing and they may say things are going badly but the data paints different picture. us economy grew 2% the first three months of the year, almost double initial estimates. consumers spent more, exports held up and prospects for the second quarter also look better. the housing market focus on recovery and subsidies for semiconductor and electric car parts gideon. the challenge for american central bank is keeping inflation trending down. data due out later on friday from us economist