the faulkner focus. all the white house talk, the prices for food, energy, getting a haircut, everything going up still consumer price index for february up 6% from last year, coming off that high of 9.1% last june. so this is really slow with housing prices sky high, the fed threatening to ep coo raising interest rates to cool down inflation. new word the fed is using today, maybe they ll do that. who is to blame for america s second largest bank collapse in history and the deep economic mess we re in right now? the old go-to, our democratic president is pointing a finger at former president trump. president biden: thanks to quick action of my administration, americans can confidence the banking system is safe. during the biden administration we put in place tough requirements on banks to make sure the crisis of 2008 would not happen again. the last administration rolled back some of the requirements. harris: republicans demanding accountability and raising concerns th
been falling during friday s trading as investors weigh up what stresses and problems may lie within them. concerns were sparked at the beginning of this week when switzerland s biggest bank ubs was forced to rescue its rival credit suisse. but fears seemed to ease as policymakers and politicians offered their ressaurances that their were no wider problems after the recent failures of two us banks. as you can see here, stock markets across europe are down. other banks to suffer on friday include barclays and natwest here in the uk as well as germany s commerzbank and spain s banco de sabadell. so the german chancellor has again been trying to reassure investors. translation: the banking system is stable in europe and the european union has supervisory structures in various areas, including the euro area, which have enforced strict rules and it has now proved its worth and enables us all to say that european bank supervision and the financial system are robust and stable. patr
and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
the atlantic, a really big area of low pressure slowly but surely starting to take control of the weather. notjust yet, most other state with sunshine through the rest of the afternoon, cloud feeding into eastern scotland and north east england on quite a chilly northerly breeze, temperatures just 12 degrees for aberdeen, 18 for plymouth, by the end of the day, things will change. we will see clouds and showers, some thunderstorms breaking out across the south west of england, drifting into wales through the evening. could be torrential downpours and places, frequent lightning and turning windy. some showers getting into northern ireland by the end of the night, most other areas dry but with extensive cloud and the odd spot of drizzle across northern and eastern scotland, north east england, 6 degrees for glasgow, very mild towards the south. this big area of low pressure starts to make a move, you can see various frontal systems rotating, showers and longer spells of rain th