We get the latest. Biden tops the agenda. We are moments away from President Bidens address to the u. N. General assembly. We are going to sit down with the nato secretarygeneral. From new york, im alix steel with my cohost, guy johnson. The most exciting thing for me today is canadian inflation. Guy it is having an impact on the bond market. I am surprised it is nothing question of the day. It includes your favorite things oil and shopping. That sounds perfect. Alix it does. Why is it about shopping . Guy two separate subjects. Alix i got it. Guy it basically brings together your favorite things. Alix 100 . Guy the canadian thing highlights inflation is going to be sticky and Central Banks are going to struggle to bring inflation under control without jacking up rates. That will be an interesting question. You see the reaction in the bond market. But i think the story and this goes to the inflation story out of canada is oil and whether or not oil is the story that breaks the consumer
Escalating tit for tat up north and india, the largest democracy in the world. Reporter a brutal murder with all the hallmarks of an assassination. Hardeep singh nijar was a controversial sihk gunned down in front of his place of worship. The canadian government has now said out loud what many are suspected, that there is credible evidence that the killing took place on the orders of the Indian Government. The Government Of India needs to take this matter with the utmost seriousness. We are doing that, we are not looking to provoke or escalate. We are simply laying out the facts as we understand them, and we want to work with the Government Of India. Trudeau says before going public, he confronted india Prime Minister, Narendra Modi with his accusations last week, as modi hosted trudeau and other leaders at the g20 summit. They were allegations the Indian Government refused to accept. The killing of a canadian citizen on canadian soil is an unacceptable violation of our sovereignty. Da
Secretary yellen later this morning. Auto strikes, day four with both sides digging in. The uaw rejecting the latest wage hike proposals while both ford and gm announce temporary layoffs due to the ongoing walkout. Plus apple reportedly seeing strong iphone 15 demand in china, and tim cook says the vision pro remains on track. Lets begin with the markets as we do kick off a new week. Jim, we didnt get to check in with you on friday. Any degradation, do you think, in this idea of a soft landing . Even the journal today takes a look at how it gets a little tougher from here. I do think that this auto strike is has potential to be very disruptive. I think that oil, clearly, to me, is headed to a hundred before it goes lower. Thats negative. The higher Interest Rates are starting to buy. Theres a really interesting call for lennar, stewart miller, the executive chairman last week, he was talking about the idea that the buyer is getting used to the idea that they have to pay more. Thats the
Indias glitzy 620 presidency ending with the gavel handed over to brazil. Applause. The groups joint declaration applause. The groupsjoint declaration avoided condemning russias war in ukraine but the inclusion of the African Union into the grouping was seen as a major achievement. I think this is a really good move and again, india should be complemented for championing it. But they got support from the other countries. The 620 vowed to trickle Renewable Energy capacity and scale up financing for billions to trillions of dollars. This even as the hundred billion dollars promised by the western countries every year to help developing countries mitigate Climate Impact is still nowhere in sight. 620 now has its own mechanism on Climate Finance so does that mean that the hundred billion dollars promised from the west of the developed countries is pretty much dead now . I dont think it is a question of are you writing off this hundred billion that was promised earlier and now that youve co
the partnership between the u.s. and vietnam. white house correspondent peter doocy is with them on this trip. good afternoon. we ve learned that president biden and china s xi who way back, have not communicating since november. that means that china flew a spy craft over the u.s., president biden ordered it shot down over the waters near south carolina, and still, nothing. and for president biden, it sounds like that s kind of a letdown. president biden, has president xi s absence impacted the summit? would be nice to have him here, but something the president really wants to do here is reform the world bank, give 70-plus developing nation a place to go for loans so they don t wind up on the hook, owing banks in beijing ultra high interest. this isn t about buying anything off today, it s helping provide through multilateral development banks like the world bank and imf, high value and transparent loaning opportunities for lower and middle income countries, many