Good morning. 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im Jose Diazbalart. We begin this hour with breaking news, a brandnew Jobs Report beating expectations. The government reporting employers added 254,000 jobs in september, thats well above the 150,000 predicted by most economists. The Unemployment Rate fell slightly to 4. 1 . And when you break it down by race, both the black and hispanic Unemployment Rates fell by. 4 last month. There you see the drop. This report comes hours after Port Workers and Port Operators along the East And Gulf coasts reached a tentative deal to end a strike that began on tuesday. That walkout threatened to bring chaos at the start of the holiday shopping season. With us now, cnbcs dominic chu. Dom, good morning. This was a strong Jobs Report. What else did we learn from it . Good morning, jose. Yes, it stands in stark contrast, this Jobs Report, what we saw the previous month, which got read as a very big at least disappointment. What we did note beyond
russian shelling hits targets in ukraine overnight as nato and the western allies promise to continue helping kyiv to defend itself. hundreds of allegations of sexual or domestic abuse are made against metropolitan police staff. a report by conservationists says global wildlife populations have fallen by nearly 70% in less than five decades. good morning and welcome to bbc news. the prime minister is coming under increasing pressure to rethink the tax cuts announced in last month s mini budget. one tory mp accused her of wrecking ten years of conservative policies aimed at helping working people. this morning the foreign secretary james cleverly warned tory mps that any attempt to replace liz truss as prime minister would be a disastrously bad idea . let s take a look at how we ve got this point. yesterday, liz truss appeared at pmqs for the first time since the chancellor set out the mini budget. she was repeatedly asked about her management of the economy which has bee
Its been a long week for barclays Ceo Jes Staley and it ends with him fooled into replying to an email he thought was sent by the banks chairman but was actually from a prankster. Well tell you what he wrote later, but first we want to know have you ever sent an email to the wrong person . Just use bbcbizlive. Hello and welcome to Business Live. We start in europes economic powerhouse, because in the last half hour germany has released gdp figures for the first three months of the year, and they show an economy thats accelerating. It grew 0. 6 on the previous quarter. That translates to an annual rate of 1. 7 . Its being fuelled by Global Demand for the countrys exports, like cars and machinery. But its not all cause for celebration. Let me show you why. Last year germany clocked up its biggest ever Trade Surplus, thats how much more it exports than it imports. At 275 billion, germany has one of the biggest Trade Surpluses in the world. Its a source of tension with its neighbours and a
the economy goes from here. the dow posted its biggest single day gain of the year. investors cheered the deal and a favorable john s report but more moderate thinking appears to be taking over with u.s. stock futures monday barely moving. it is unclear if inflation is tamed quite yet, the fed will decide on the next interest rate move. money managers may be poised to take a cautious approach. joining me from la is ryan, a senior fellow at the truckers school of management at claremont graduate university. the debt ceiling fight seems to have been resolved. how have the markets reacted?
jobs report. but more moderate thinking appears to be taking over now with u.s. stock futures for monday barely moving. it is not clear if inflation has tanked quite yet, and with no two key inflation meters due out in june, just as the fed decides on its next interest rate move, money managers may be poised to take a cautious approach. joining me now from los angeles is ryan patel, he is a senior fellow at the drucker school of management of clermont graduate university. so good to have you with us, ryan, the debt ceiling fight seems to have been resolved. does this now mean the governor gets a clean slate? are things stable now? reacted. it is never that easy. i think the markets have reacted accordingly that they felt that this was going to occur. but it has been a role coast year. everyone halfway throughout the year, and i believe, if you are