Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Costs for them the russians want to do it because it means profits and money for them great so 2 countries agree on this and the United States decides no we cant have this because they claim that this would somehow in danger to the Energy Independence of germany it would endanger europe in fact by pompei of the secretary of state is using this act essentially called the peace other protecting Europes Energy Security act of 2019 to justify why the u. S. Is placing same sions on germany and russia in order to try to block this pipeline as you said they already stopped a Swiss Company from being involved in it who quit the project with a very small amount left 93 percent of this pipeline is now constructed but the u. S. Doesnt want to leave it alone they want to stay involved and they want to literally force their will on these 2 sovereign nations who should have the right and the sovereignty to be able to say we want to be able to pursue this pipeline its in our best interest and the u.
And we have more jobs data out of the United States as the bureau of labor statistics announced nonfarm payrolls grew by 661000. 00 in september while the Unemployment Rate dropped to 7. 9 percent from 8. 4 percent in august comus had expected gains of as much as 800000. 00 jobs but we missed the mark there now the sectors that gained the most in september included leisure and hospitality retail and health care and social assistance losses came in Government Employment which lost 216000 jobs employment in local and State Government education also fell 5231049000 respectively as many schools remain closed in favor of at Home Learning due to the pandemic now this was the last jobs report before novembers election and it will be introducing to see what happens in october without another stimulus package as we are already seeing tens of thousands of travel and leisure jobs lost in just the last week and with all of this Economic News from the president s diagnosis to a lack of stimulus to
Is a boom bust the one business show you cant afford to mess up their montecito going to washington coming up the u. S. Is expanding thanks to ramp up the pressure against the north thing to pipeline between germany and russia we have an expert panel standing by on the b. O. J. Is filing suit against internet giant google will discuss other nonsense to be the 1st of many antitrust lawsuit to break up the Worlds Largest tech company we have a lot to get through so lets get started. The north stream to saga continues as the United States is stepping up its efforts to block the north stream to pipeline which would provide natural gas from russia to germany u. S. Secretary of state my pump aoe says the u. S. Is creating a coalition of nations to help prevent the pipeline from being completed the pipeline is supposed to provide a major cost benefit to the german and. Market with natural gas being delivered directly without any intermediaries the u. S. Backed by poland baltic nations and ukr
Pipeline is supposed to provide a major cost benefit to the German Energy market with natural gas being delivered directly without any intermediaries the u. S. Backed by poland baltic nations and ukraine has long been seeking to disrupt the pipeline that will carry russian gas to germany via the baltic sea joining me now to discuss the us coca cola spends juan and former u. K. Member of Parliament George galloway thank you for being with us today ben already the United States has put placed thank sions on this project in fact in december of last year those sanctions forced a Swiss Company to abandon the project what is the u. S. Talking about doing this time. Yes so what the u. S. Is really doing and you know you know im not a fan of sanctions really on any level sorry i disagree with them pretty much in principle but this to me seems to be maybe the worst example of how sanctions are being used you have 2 countries here that have agreed germany and russia to have a natural gas pipelin