his podcast called into america. and let s get a quick check on wall street. seema mody is back with us. and from the top of the hour, right, when we came on the air at 3:00 eastern, noon pacific, a little bit of a recovery but not a great week for the market on the fed news. that s right. and we were attorney as much as 800 points for the dow, now currently 500 points. investors certainly trying to assess just how much higher interest rates need to go to bring inflation down. and just what type of economic harm this will cause. there are more economists today saying a recession is more likely here in the u.s. and at the same time tracking the story in europe where the latest economic data continues to worsen. there is a pmi survey released today which shows business sentiment is falling amid a shortage in energy. and the uk unveiling tax cuts that sent the uk pound to a 37
Factory activity in India picked up last month, bolstered by a solid increase in demand as pandemic restrictions were eased, but rising energy prices pushed input costs to a five-month high, a private survey showed.
loyalists. gadhafi s sons say they are both in custody and wanted by the fcc and war crimes charges. yemen s embattled president has arrived in riyadh. he s expected to sign a power transfer deal to end ten-month-long political crisis in his country. the parents in a high-profile missing child case are scheduled to testify before the phone-hacking inquiry in london on wednesday. the mccanns were highly scrutinized when their daughter, madelei madeleine, was reported missing in 2007. they ll join other victims of media intrusion who will give evidence before the inquiry. those are the top stories from cnn, the world s news leader. i m monita rajpal. world business today starts now. it s 9:00 a.m. here in london. good morning, i m nina dos santos. and it s 5:00 p.m. here in hong kong. i m andrew stevens. you re watching world business today. the top stories this wednesday, november the 23rd, stock markets sink into the red worldwide. as poor manufacturing numbers fr