It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
United states where ports all across the East And Gulf coasts including here in baltimore have virtually ground to a halt. It means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the worlds biggest economy. An estimated 16,000 workers have stopped working over demands for more pay and less automation. The stoppages could cost the us economy as much as 5bn a day according to the Investment Bankjp Morgan but other experts say it will be less than that. One knock on could be as many as 100,000 people finding themselves temporarily out of work as the impact of the stoppage spreads. 0ur Correspondent Michelle fleury is at the Port Of Newark in newjersey. What other people telling you about how angry they are but also how long this might last . This is one of three dozen ports that are on strike as of midnight last night, and work is basically raring to go, blasting music this morning, i saw some children walking aroun
To the us economy. Another sector expecting a boost aS Property, with Reports Majorfund managers in the uk are looking to buy the dip in us commercial property, anticipating a recovery. Ifjoining me now is Clayton Triick from Angel Oak Capital advisors. Are you surprised to hear Uk Investors are looking to jump into americas beleaguered commercial Property Market . We are not at commercial Property Market . Are not at all. We have seen recent reports and in the last 12 months it has been very good market be stepping into, us commercial properties. Its the kind dotted at the Monetary Policy has continued to be very tight and there has been a headwind for that sector. In the last 2a months that cut of 50 basiS Points could turn men into a tailwind looking forward so we are not surprised investors are looking to take advantage of that. You investors are looking to take advantage of that. Investors are looking to take advantage of that. You have got the Markets Advantage of that. You have
Stop it is a new situation. The stop it is a new situation. The Champions League is the best the Champions League is the best competition in the world so everyone i think is ready, wants so everyone i think is ready, wants to so everyone i think is ready, wants to play, and hopefully it goes wants to play, and hopefully it goes in wants to play, and hopefully it goes in the right direction. Last years Europa League Runners Up Bayer Leverkusen Kick off their Champions League campiagn away at feyenord. After going unbeaten in the bundesliga last season, xavi Alonsos Side have already lost a game this Season But Alonso is relishing being back amongst europes elite. Champions league, it is really special, it is the big one, it is the one that everyone wants to play, and im really delighted we are back in this competition. We have a great, challenging season ahead of us and it is starting here tomorrow. It is going to be a big challenge playing against feyenoord in a great stadium, a great
Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre