more than 1% each on tuesday. shares in several regional banks in the us have dropped sharply, as investors fear the banking crisis is not over. another area of concern is the labour market, which while still strong is showing signs of cooling. so what will america s central bank do and say? the bbc s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve s efforts to cool the us economy are having an effect. this is a chain that you ll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first hand. right now, we re expecting some softness in the marketplace for probably six months or so. we re seeing a lot of softness in the marketplace as far as demand, the commitment in terms of like long term blanket orders with customers. we re not seeing that either right now. so we re having some challenges with that. ame
litigation we will not comment further. that statement coming in the last few minutes from pratt and whitney. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival in january and authorities had forecasted increased travel across different modes of transportation. raymond cheng from standard chartered. we have seen very strong domestic tourist traffic across the board and whether you look at in terms of the number of trains that have been operating, single day rail tickets as well as domestic tourist sites. consumption growth remains