Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
market. april s surprising jobs report. all this coming in right here to cnn news central. all right, surprising and impressive jobs numbers just in this morning from the labor department. employers added 253,000 jobs last month. that is a lot more than the 180,000 that were expected. the unemployment rate also dropped slightly, now 3.4%, it s down from 3.5%, and 3.4% is like the lowest level it s been since 1969. this report comes just two days after the fed raised interest rates for the tenth consecutive time, all in an effort to rein in inflation. rahel solomon is with us. these are good numbers. these are good numbers and the labor market continues to defy expectations. 253,000 jobs added in the month of april. as you said, stronger than almost every economist that was polled was expecting. also stronger than the months prior. i want to put that 253,000 in perspective. we did get downward revisions for the prior two months so stronger than that, but you can see this i
we begin in the us in what could become the largest product liability settlement in history. the pharmaceutical s giant, johnson &johnson has proposed paying almost $9 billion to settle tens of thousands of lawsuits that allege the company s talcum powders causes cancer. the new move seeks to resolve all current and future claims and follows a decade long legal battle between plaintiffs lawyers and johnson & johnson. my colleague samira hussain with the details. johnson &johnson johnson & johnson has johnson &johnson has been dogged for use by claims that its talcum powder causes cancer. in 2021 it settle a lawsuit in newjersey brought by 21 women who blame the company for that very cancer and is set aside another 2 billion to try to settle all future claims in what could add up future claims in what could add up to thousands of lawsuits. now the company says it will increase the potential size of all settlement to 8 $.9 billion. the company stopped selling it talcum product
Good morning. Its friday 28th april. Im annita mcveigh. Police say theyve arrested six people following a Counter Terrorism operation in North West London, in which a woman was shot by armed officers. The female suspect, whos in her 20s, is under police guard in hospital. Officers believe theyve thwarted an active Terrorist Plot. The raid is not connected with yesterdays arrest near Downing Street of a man carrying knives. Our correspondent andy moore is in willesden at the scene for us now. Whats the latest you have on this investigation . We now have a total of six people arrested in connection with this investigation. There was a raid on the street at about 7pm yesterday and we can bring you some video filmed by a neighbour. You can see Police Officers with long barrelled guns, we understand cs gas was fired into the property, you can see today one of the windows is broken, so you can see those armed Police Officers. We can see what appears to be a woman who is brought out of the pr