to victory in the world cup. the fame that followed secured him a top table in london s social scene. in 1995 he married british heiress jemima goldsmith. after a nine year relationship they separated, mr khan had turned his attention to politics in his country of birth, wading into pakistan s turbulent and corrupt political scene, pakistan s turbulent and corrupt politicalscene, he pakistan s turbulent and corrupt political scene, he offered a fresh faced alternative to military and dynastic rule. he shunned his international playboy image and turned to islam. the move gave him broad based support, becoming prime minister in 2018. following his ousting this year, he was arrested under anti terror charges over allegations he made threats against state officials, he denies the allegations. howard johnson, bbc news. the time is 1.12. our top story this lunchtime.
worsening drought in the midwest water levels along the mississippi river are now at record lows. that could be catastrophic for businesses and consumers. in tonight s eye on america, cbs ben tracy shows us what s being done to keep commerce moving. reporter: the mighty mississippi might need a new nickname. north of memphis, it looks more like a desert than a river. barge traffic up and down this crucial corridor is slowed or stranded. economic costs are estimated to be in the billions. how bad are things on the river right now? it s stark. we are seeing operational challenges that are almost unprecedented. reporter: paul rhody represents the river shipping and towing industry. he says the mississippi is plunging to record-low levels, just as farmers send their harvests down-river for export. 1/12th of the world s population eats something that emanates from the mississippi river basin. 40% of the global food supply starts at the mississippi river basin.
underperformed, other equity markets worldwide, in the last two or three weeks. find markets worldwide, in the last two or three weeks. two or three weeks. and all of those policy two or three weeks. and all of those policy decisions - two or three weeks. and all of those policy decisions in - those policy decisions in trussonomics were largely reversed byjeremy hunt, the new chancellor. he has the feeling of a modern technocrat brought in to clean up the mess and calm the nerves. to what degree hasjeremy hunt steadied the ship, do you think? the answer is the ship, do you think? the answer is he the ship, do you think? the answer is he has the ship, do you think? tue answer is he has steadied the ship, do you think? tte answer is he has steadied the ship. if you look at the reaction to liz truss a resignation yesterday, the market was extremely calm. sterling against the us dollar has stabilised at about 1.12. ten year gilt yields stabilised at around ten year gilt yields s
oil. we re at the mercy of the fluctuation of the price of oil around the country. is there a short-term plan? well, as you said, he made an announcement we ll release barrels from the strategy ecpetroleum reserve to increase supply here in the united states. he s strongly encouraged the companies to continue to pump. supply has to meet demand so that prices come down. what i would say is we have seen them come down, $1.12 a gallon. we re about 30 cents higher than when putin invaded ukraine, which had a dramatic impact on the price of oil, and was destabilizing. the president has taken steps over the course of spring, summer and fall, has brought prices down. you ll hear more from him on that this week.
chancellor has just 14 days to make those sums add up, and there are no easy fixes. so let s look at how markets are reacting to all of this. all eyes will be on the gilt market that s the trading of uk government debt when it opens at 8 o clock uk time, without emergency support from the bank of england. the pound has crept up a little today during asian trading time but remains down around i7% this year. nick marsh is watching the screens for us in our asia business hub. the pound has crept up in value, like you mentioned. it is there at about $1.12. that is there at about $1.12. that is there at about $1.12. that is the start of asian trading this morning. i think you can just see here, that is when trading began, so an increase,