Listen to kamala harris. Done before, which is to provide a Tax Cut for billionaires and big corporations which will result in 5 Trillion to americas deficit. Donald trump talked up his economic legacy as the debate moved onto the question of tarfiffs. Youll remember Mr Trump has recently been speaking about increasing tariffs on international goods. Lets have a listen. We are doing tariffs on other countries. Other countries after 75 years will pay us back after 75 years will pay us back after all we have done for The World. The tariff will be substantial in some cases. I took in the billions and billions of dollars from china. In fact, then never took the tariff of because it was so much money. We have had a terrible economy because inflation, which is known as a country buster, it breaks up countries, we have inflation like a very few people have ever seen before, public the worst in our nations history. To get both persepectives, Business Today spoke to greg swenson, chairman of Re
Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
A haze over sydney as a mega bushfire forms near the city and about 100 otherfires are raging in the australian state of new south wales. In a few hours, forbes will reveal its latest annual rankings for the worlds best paid musicians, but is it streaming, merchanise or touring that make them their money . Weve had black friday and cyber monday. Now, get ready for Small Business saturday. Does that sound a little more worthwhile . Well speak to the woman whos urging us to shop small this christmas. And you can be part of the conversation too. Everyone seems to be sharing their most listened songs of the past year right now. What was top of your list . Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. We start with the ride hailing firm uber. The frim says it received 3,000 reports of Sexual Assaults related to its trips in the United States in 2018, out of roughly 1. 3 billion rides. Uber is under pressure from regulators in many cities over safety and securi
Spending your money this year. Good morning from Blenheim Palace and youre listening to the oxford gospel event choir. Alice in the palace here, some wet weather but mild compared to as of late. More details later. Its monday, december 23rd. Our top story there are calls for a government inquiry into racism in football. Its after the Chelsea Player, Antonio Rudiger, complained of racist chanting during yesterdays premier league match at tottenham. The professional Footballers Association said it was disgusted by the reports, and insisted urgent action was needed. Heres our sports correspondent, andy swiss. It was a day english football was once again overshadowed by racism. Chelseas Antonio Rudiger clearly showing hed heard abuse from the crowd an hour into his teams game against tottenham. He informed his captain, who in turn told the referee, and after he spoke to both managers, for the first time in the premier league, a warning was made over the public address system, twice repeate