September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
And fired some 180 ballistic Cruise Missiles at israel last night. Revenge, it says, the strikes on lebanon. And israels killing of leaders of armed groups it supports. Translation iii armed groups it supports. Translation armed groups it supports. Translation if they remove their evil from Translation If they remove their evil from this Translation If they remove their evil from this region, their evil from this region, without a doubt these conflicts, these walls, these clashes will disappear completely. Clashes will disappear completely. Clashes will disappear comletel. ~ , completely. While most missiles were brought completely. While most missiles were brought down completely. While most missiles were brought down by completely. While most missiles were brought down by israels i were brought down by israels sophisticated air defence system, the entire population was told to stay in bomb shelters. AfterWards, inspecting the damage, many agreed with the Prime Minister that iran must
Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h
Want action to stop the virus fallout. Nato calls for International Cohesion on security. Consumer Price Inflation breaking out of south korea. We are seeing month on month deceleration of. 1 . The deceleration, though, is easing from the previous month when we had been pulled down and undershooting Inflation Numbers because of subsidies from the government. Also we are seeing acceleration of 0. 6 when it comes to the euro. Slightly missing estimates, but when you seek out fresh food and look at the core cpi numbers, it is still growth of 1 . Of course, we still have some spare economic capacity in south korea, but remember the Third Quarter final gdp numbers actually beat expectations, and still, Inflation Numbers are very much away from that target coronavirus pandemic raging across the world. Haidi we have just had the beginning of the testimony of the rba governor, appearing before the Economics Committee today, so be watching out for some of those, particularly regarding news on t
When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more