Kent beaches. Good afternoon. In the next good afternoon. In the next few moments, we are set to hear from shadow chancellor Rachel Reeves as the Labour Party Conference continues in liverpool. Well , she is expected to well, she is expected to announce much on planning and indeed borrowing. Lets go indeed borrowing. Lets go straight to liverpool and john. Our business and economics editor. Liam halligan , who is editor. Liam halligan, who is there, and liam , in terms of the there, and liam, in terms of the borrowing, of course, its got this current government into problems , but shes indicating problems, but shes indicating only borrow to invest which was Gordon Browns watchword. His golden rule. Golden rule. Thats right. Shes very much trying to present herself as as an iron chancellor, as gordon brown did. The trouble is that Rachel Reeves has got a much tougher wicket to bat on, if you like , to use a cricketing like, to use a cricketing analogy. Why is that . Thats because borrow
Alix here are the top stories we are watching. Consumer spending climbing in march, enough to keep the u. S. Economy from drinking. Purchases rose. 04 points are. 04 . The Labor Department reporting that wages for a private sector employees climbed 0. 7 in the First Quarter. Wages were up nearly 3 the biggest gain in more than six years. Shares of omnicare arising. The company said to be drawing interest from potential buyers. Potential bidders also include walgreens, boost alliance, and mckesson. We have less than an hour to go on the close. Scarlet fu is looking at the action. Scarlet right around the lows of the session. Trading is picking up. Selling is picking up. Im looking at volume and nasdaq stocks notably higher. 11 above the 10day average. The nasdaq is for it at is falling for four straight day. It has been downhill. Look at the 10year yield. It has now turned around pretty much. It was unchanged earlier. Prices were declining and yields were higher. Treasuries were mired i
The same length as one wing coming from a 777. That is getting ahead of where we are right now. Search planes headed to the debris field 1500 miles off the coast of perth to get a better look. But the Australian Maritime Safety Authority just minutes ago, they tweeted the crew has been unable to locate any debris thanks partly to limited visibility because of rain and clouds. That could hamper the search somewhat, of course. Still if you want a frame of reference for how far flight 370 may have gone if this is from the plane is 3,000 miles south of where i am. One official calls it the best lead that we have right now. Thats what that came straight from australian officials. We have seen as resources deployed around the world to bring you the latest this morning. Lets start with Andrew Stevens who is live in perth, australia, where it is a race against time to get visual confirmation of what those objects are in the water. Andrew, you were telling us that the planes are still out there
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The East China Sea (ECS) is featured by the broad continental shelf, huge terrigenous sediment input and striking river-sea interaction during the Quaternary. Despite the numerous studies, mostly on the delta, coastal and inner shelf areas, the late Quaternary stratigraphy and sedimentary environment on the mid-outer ECS shelf were poorly documented. In particular, it is still controversial in issues such as the recognition of marine transgression deposits in the interglacial period and the occurrence and ages of deposits in the glacial period. This study presents new data of high-resolution seismic reflection profiles and collective evidences from lithology, microfossil assemblages and geochronology of borehole SFK-1 on the ECS outer shelf, aiming to revisit the sedimentary stratigraphic evolution and environmental changes since the Marine Isotopic Stage 5 (MIS5). Sixty-one ages were obtained by radiocarbon and Optical Stimulation Luminescence (OSL), providing robust constraints on th