let s start in the us, where there is growing footsteps. 0k. let s get started, shall we? the cameras do not want to play ball but i can walk back to this position. let s start in the us, where there is growing nervousness in financial markets over the possibility the us could default on its debt. a stand off in congress over plans to lift the federal debt ceiling which is currently at an eye watering $31.4 trillion has led to the cost of buying insurance against a us government default has moved to its highest level in more than a decade this month. so, later today, the republican speaker of the house kevin mccarthy will give a speech at the new york stock exchange, where he s expected to lay out the conditions republicans want democrats to agree to in exchange for movement on the debt ceiling. it sounds like a stand off. scott anderson is chief economist at bank of the west in san francisco. welcome to the programme. what will kevin mccarthy say? what is he going to p
from $475 a ton to $250 a ton over the past year. one as you say the fact this grain is not supposed to be staying in central europe, is meant to be shipped to africa and the middle east but there is a shortage of equipment to do that. secondly, globalsupply that. secondly, global supply have that. secondly, globalsupply have been strong, a bumper crop in eastern europe and russia last year. and also, the other issue you have is the deal that issue you have is the deal that is continuing where the black sea ports have been opened up so ukraine can get its grain out of the black sea and back onto the global market. find out of the black sea and back onto the global market. and the issue now is onto the global market. and the issue now is what onto the global market. and the issue now is what would - onto the global market. and the issue now is what would the i issue now is what would the european commission do next? they say it is unacceptable, this, you know, they will have to go
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