health leaders in england, wales and northern ireland are warning that there will be a struggle to clear backlogs and improve emergency care unless industrial action by thousands of staff is brought to an end. the government has urged unions to consider the impact of industrial action on treatment backlogs. you re watching bbc news. now, it s time for the media show. a warning, this programme contains flashing images. hello, and welcome to this week s edition of the media show. now in a minute, we re going to talk about spotify. it s the world s most popular music streaming platform. it spent close to a billion dollars on podcasting, too, but there are all sorts of different developments coming out of spotify at the moment. and its ceo has said that perhaps they got carried away with new investments. we ll try and unpack what s going on and work out what that means for making money off music streaming and off podcast, too. first of all, though, we re going to talk about the
4. 9 yearonyear. You are seeing when it comes to the offshore renminbi strength on the back of the dollar strength. Commodities as well, some of these proxies like copper, aluminum seem to be railing on the back of this. Sovereign bond yields, the higher for longer coming back last night after the strong u. S. Retail sales report. Not really seeing that much flight to safety into treasuries. The u. S. Back to levels we have not seen since 2006. Rishaad quickly going to check on the opening and what we can expect out of india. The bot steady. We have the rupee there, very near to the record low we had in the session yesterday. Nifty futures flat. It is about this china data. What does that tell us about domestic demand and manufacturing . Yvonne maybe things are getting a bit more traction. We will take all the good news we can get when it comes to the macro picture in china as well. It was basically the activity data wise the 4. 9 we talked about that. Retail sales was a massive beat.
Of momentum out there. Commodities also fallen, especially oil. Rishaad venezuelan politics as well. The dollar has been steady of late. Nifty futures, there you go. Having a look at these. Various things will be on the agenda for investors. We also have reports that india will be skipping the belts and road forum. You can see there is a move downward for the dollar against the rupee. The rupee at a record low when it closed off trading. Yvonne we have been talking about the big theme, which is the middle east, and whether moves when it comes to oil markets, how sustainable are they as we wait and see if the risk becomes more of a wider conflict. We heard from the fed chief of philadelphia repeating his call to the central bank to stop raising, that Small Businesses in the United States are struggling to cope. A lot of these Companies May not make it with the higher rates. It feeds back into my view that this is why we should hold rates steady. We should not be thinking about increases
For the first time in history, congress has enacted a law that subjects a single named Speech Platform to a permanent nationwide ban. The company also says that its not possible legally, technically or commercially to divest within that time frame. Part of the challenge is that with a billion users worldwide, a lot of its content is actually available across borders, making it all harder to unpick. The Usjustice Department declined to comment, but heres what White House Press secretary Karinejean Pierre had to say when asked about why President Biden continues to use tiktok for his political campaign. So as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it, but weve been very clear what this law is is not a ban, it is a divestment. Tiktok s ceo shou zi chew, who appeared with his wife, vivian kao, at the met gala last night, is hoping tiktok s other recent First Amendment victories in the us, like bl
Congress has enacted a law that subjects a single named Speech Platform to a permanent nationwide ban. The company also says that its not possible legally, technically or commercially to divest within that time frame. Part of the challenge is that with a billion users worldwide, a lot of its content is actually available across borders, making it all harder to unpick. The Usjustice Department declined to comment, but heres what White House Press secretary Karinejean Pierre had to say when asked about why President Biden continues to use tiktok for his political campaign. So as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it. But weve been very clear what this law is is not a ban, it is a divestment. Tiktok s ceo shou zi chew, who appeared with his wife, vivian kao, at the met gala last night, is hoping tiktok s other recent First Amendment victories in the us, like blocking the state of montanas bi