so let s get down to business. and we begin with president biden s trip to the middle east. when he arrives in israel today he will be the first us president to visit the middle east since 9/11 without american troops engaged in a combat mission there. the white house has said the visit s aims include expanding regional economic and security cooperation . israel s finance minister says its hoped the visit will lead to a common middle east market that includes saudi arabia. with businesses on all sides poised to make the most of the opportunities. well, let s go live tojerusalem and discuss this withjon medved chief executive and founder of our crowd a global equity funding platform for investors. orwarm or warm welcome to the programme. what are your hopes for this visit? i programme. what are your hopes for this visit? for this visit? i think it is incredible for this visit? i think it is incredible that for this visit? i think it is incredible that the - for this
about higher inflation, many in the us are starting to worry that a potential recession could be just around the corner. samira hussain, bbc news, new york. lets talk this through with mickey d levy chief economist us and asia at berenberg capital markets. welcome to the programme. i know you and others watching the fed very closely indeed. your thoughts on the inflation numbers today, what they will tell us and how the fed will respond? tell us and how the fed will reapond? tell us and how the fed will resond? ., ., , , respond? the inflation numbers will be high respond? the inflation numbers will be high and respond? the inflation numbers will be high and one respond? the inflation numbers will be high and one of- respond? the inflation numbers will be high and one of the - will be high and one of the things i would emphasise here is it is notjust energy prices and food prices, it is very evasive. if you look at over 200 components of the consumer price index, about two thi
seeing so far is the higher inflation which is reducing real purchasing power, real disposable incomes, it sjust disposable incomes, it s just beginning disposable incomes, it sjust beginning to bite into consumer spending pattern5, beginning to bite into consumer spending patterns, and so add to that the higher cost of borrowing, to buy an automobile, home mortgages and the like, that will start biting in with a like so the rate of economic growth will definitely 5low. taste rate of economic growth will definitely slow. rate of economic growth will definitely slow. we shall see, micke d definitely slow. we shall see, mickey d levy. definitely slow. we shall see, mickey d levy, thank- definitely slow. we shall see, mickey d levy, thank you - definitely slow. we shall see, | mickey d levy, thank you very much. more now on the political crisis in sri lanka as you ve been hearing president gotabaya rajapaksa has fled the country and is now in the maldives. his departure early on wedn