Of the fiercest in the game live from glasgow. First, heres ray to kick us off with the news headunes. Headlines. Thank you both. Good thank you both. Good afternoon. 12 01. Our top stories. The chancellor is stories. The chancellor is defending the british job market despite rising unemployment figures released today across the uk, unemployment rose by 0. 1, reaching 4. 3 in july. Meanwhile Job Vacancies fell to below a million. Jeremy hunt says that remains, quote, below many of our international peers. Meanwhile the average growth in pay meanwhile the average growth in pay remained at a record high of 7. 8. Shadow Business Employment and levelling up secretary Justin Madders says more needs to be done. There are strong economic headwinds that have been troubling the economy for some time, but i think one of the things were very clear about is the only way we are going to get out of this this mess weve been in really for 13 years now. Weve with stagnant growth is to actually turbo ch
Small boats crisis. And that story about the surgeons is so shocking. These surgeons is so shocking. These women surgeons are being sexually assaulted in the operating theatre. Sometimes dunng operating theatre. Sometimes during surgery. How appalling is that . That . Its quite mind blowing. You its quite mind blowing. You have to stay tuned really to hear the details of all of that. And Everything Else were talking about this morning. Vaiews gbnews. Com is the email address. Touch address. Please get in touch with us. First, here is the with us. But first, here is the news with ray addison. News with ray addison. Thanks. Both good morning. 931 our top stories. The 931 our top stories. The chancellor is defending the british job market despite rising unemployment figures released today across the uk. Unemployment rose by 0. 1, reaching 4. 3 in july, while Job Vacancies fell to below a million. Jeremy hunt says that remains below many of our international peers. Meanwhile average growth
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w
Prices have increased at their fastest rate in nearly six years. Inflation rose to 3. 1 per cent in november as the squeeze on households continued. Consumers are facing pressure from rising food prices in the lead up to christmas with Grocery Price rises reaching the highest level since 2013. The governor of the bank of england mark carney will now have to write a letter to the chancellor to explain how the bank intends to bring inflation back to its two per cent target. Our economics correspondent andy verity has this report. At this baker on the outskirts of barnsley, its not just at this baker on the outskirts of barnsley, its notjust the bread rolls that are on the rise, its buns, loads and mince pies end up in pubs and restaurants and as far afield as the middle east and asia. Ingredients like butter and flour have shot up in the past year and a half, so it has had to do everything it can to make sure its costs are covered. One thing we have done with suppliers is to take a radic
Market impact on Hurricane Harvey. 5 , the futures up highest level in two years. Texas is the largest cotton producer in the u. S. The next two indexes are interesting as far as what is being mortgagebacked, products or production. The higher this goes, the tighter we see the Product Market. The second is the vti versus signifying more production in the u. S. , meaning lower as it comes down. In texas, floodwaters overwhelm houston as Tropical Storm harvey inundatess texas, southeastern texas. Us is our commodities managing editor. In terms of the houston damage, this is unprecedented. If you are familiar with houston, this is a place that tends not to take water terribly well. In terms of the industry itself, we are starting to see refineries shut down as the storm moves west to east. Alix as far as the refineries shutting down and crude reduction, that is well known in the market. What is not talked about as much is how important crude exports are two men support. To mexico. They ha