let s get down to business. as promised, we have more for you on the nato summit that will be getting under way in a few hours time. where, as you ve been hearing, finland and sweden have joined the alliance after turkey dropped its opposition against their membership. so, two of the hot topics at the summit are deciding whether russia or china is the biggest threat to world stability currently, and how to share the combined costs of defence security. members are expected to meet the nato target of spending 2% of gross domestic product on defence. the uk presently spends 2.1% of its gdp on security, but there have been calls for an increase after russia s invasion of ukraine. michael rowe is vice president of aerospace and defence at frost & sullivan. good morning to you, michael. first of all, finland, sweden joining nato. what does that mean in money terms? good morning- mean in money terms? good morning. when mean in money terms? good morning. when you - mean in money
This is Bloomberg Markets asia. Rishaad lets have a look at the big one. 189s bring up this chart, on the bloomberg terminal. What does the show . Unemployment rate. I refer to that because it is the big yoelater. At unemployment, Holding Steady at record lows, or decade lows, i should say. Seasonably adjusted. 4. 1 here. Wage, wet the annual ratehe unemployment go down. We go back to 2008, and wages are pretty high. Then, they plummeted at the Unemployment Rate went up. Around the 10 level. This is a fine line. Unemployment versus wage growth. More wage growth needed to engender some sort of inflation to take the inflation rate in the u. S. Higher. Likeng at that, something 8 30 hong kong and beijing time. Dont hold me to that. Im not sure. [laughter] haidi here in asia, it is pretty data light when it comes to the inflation. Reserves looking m at the impact. Global synchronized growth story. 30 minutes out from the open in china and hong kong. Singapore, thailand, malaysia, joining a
The right person to lead the turnaround well be talking to former ge vice chair bob wright. The father of nbc universal. Hell join us live here at post 9. Get his take on the outlook for General Electric and conflicting reports in the last hour about whether the Senate Tax Bill will include repeal of the obamacare individual mandate we have Senate Finance Committee Member pat toomey here to tell us whats going on, and what other changes have been made in that bill. Weve been getting conflicting reports on exactly whats in that bill. Well get it directly from senator toomey. Is the rok uru run over stock pulling back after the 125 gain in just the past 3 days a debate on whether this streaming stock has run its course or just taking a breather right now. But we start today with big moves in retail. As Companies Like Dicks Sporting Goods and tjx fall after reporting their results this morning Courtney Reagan joins us with a roundup of whats driving those stocks lower courtn courtney hi t
The news in seconds. 4 by 4 by land, 4 by 4 by sea 4 by 4 by air cause i like to fly free 4 my country and how it all started out 4 the brave and every boy scout 4 doin it yourself cuz you want it done right 4 by 4 the top down stars keep ya up at night 4 by 4 every one of our seventyfive years 4 by 4 the wave thats how we say cheers thats how we live 4 by 4ever live from the cbs Broadcast Center in new york city, this is are cbs2 news at 11. Right now united by grief. A new Jersey Community mourning a father killed in a shootout with police. Plus, Winter Weather in spring. Snow showers about to usher in second half of the weekend. Good evening. I am cindy hsu. The rain and snow is finally behind us. It still looks like winter outside the city. Our weather watchers sent us photos of the unsual snow and frost in sullivan county. Now we have to worry about falling temperatures. Meteorologist elise finch is monitoring the deep freeze there wasnt much snow, but still you saw the pictures.