And well be looking ahead to the Eurovision Song Contest with a Special Report from the host city malmo. Live from london this is Business Today im lukwesa burak. Later this morning the uks First Quarter growth figures will be published. The uk economy grew slightly in february increasing hopes it is on its way out of recession, just. The economy grew by 0. 1 boosted by production and manufacturing in areas such as the car industry. On thursday, the Bank Of England boss said the Monetary Policy committee needs to see more evidence that price rises have slowed before cutting Interest Rates. Governor Andrew Bailey said, he was optimistic that things are moving in the right direction as rates were held at 5. 25 . I think it is. I am encouraged by all of this. Very encouraged that again we have to achieve an Inflation Target that is sustainable. That is ourjob and what we do. The news is encouraging. And what we do. The news is encouraging and what we do. The news is encouraging. Clearly y
The news comes after the boss of the Bank Of England, andrew bailey, said the economy had turned a corner, but wasnt yet in a strong recovery. For more on this im joined now byjackie bowie, head of europe at chatham financial. Where is this growth coming from . The good news is the Surprise Upside in gdp was actually very broad based. If you look across the different components of gdp we saw a good recovery in the Service Sector activity. Actually good recovery in Consumer Spending as well because obviously thats been a big focus with The Cost Of Living issue and of course then with inflation that we have seen over the last year as well. So i pretty broad based recovery and again it took some economists by surprise this morning. Are you breaking out the champagne now, are the recession time is completely behind us . It certainly looks like we completely behind us . It certainly looks like we have completely behind us . It certainly looks like we have exited completely behind us . It ce
Moments and 2 30 the Department Of Justice and Jeff Sessions and others at that point. You mentioned Kirstjen Nielsen and she will have commentary in the next hour, too. Sandra we look forward to that. Thats it from americas newsroom. , right now. Melissa fox news alert, President Trump will address the investigation into the mail bombs just moments from now. As fox news confirms, a man has been arrested in florida and connection to the devices, to cope more devices were found today. One in New York City. Addressed to former james clapper, and went to florida, addressed to senator cory booker. Catherine herridges live in washington, d. C. , right now with more as we watch the van of the suspect thats what youre seeing on your screen, they are it is being taken away to be examined. We wait for the president. You see that above us on the screen. Catherine, what you have . Thanks, melissa. They are very fluid moving quickly this morning. About an hour ago we confirmed through fox news tha
professors had put it forward. it kept getting more and more attention, and i have to say the arguments at every stage seemed stronger and stronger and both sides are now joined and they re both very forceful arguments. so it is and they will be backed, as i say, by an array of amicus filings. now it will be up to the nine justices on the u.s. supreme court. yeah. eli, what does this timeline tell you? it tells me the supreme court has taken in a dose of reality here. they have to move quickly here, and i think it is important to note both sides agree on that. we have dates for printing of ballots, for mailing of ballots that are coming up every few days. this is a lightning pace. this is an almost unimaginable pace for lawyers. as joan said, normally it takes six months or more to get supreme court briefing in, but i think the supreme court has done its job quickly here and in this case well. i think they understand the imperative. they understand the need to move quickly. w
that the destiny did not occur, as you say, rest in the bahamas atjust as you say, rest in the bahamas at just 2a hours as you say, rest in the bahamas atjust 2a hours before the hearing was due to take place. they wanted to hear an explanation, they wanted to hear from explanation, they wanted to hearfrom in his own words explanation, they wanted to hear from in his own words what happened related to the collapse of ftx. that was indeed left to the new ceo, john jay ray, indeed left to the new ceo, jothay ray, who talked about there being an utter lack of record keeping in that company go to some extent to explain how it was that the funds of those customers were funnelled into a hedge fund and perhaps used for his, sam bankman fried s own use. the case has been moving at a lightning pace, as you ve reported, he has appeared in court in the bahamas, his lawyer wanted him released on bail, that was denied by the judge who said he was a flight risk. we know he has been sent to the corre