cold. i will be discussing all of that with these two, there they are. the boss of the american conference board which elects official data on american consumer confidence and one of the advisers who advised the father white house. also the show, its august peak holiday season. but with luyken s cancellations and holiday makers concerned about the bottom line, what is happening on the travel season. i will find out in the big boss of the company that owns the online travel giants, booking.com. wherever you are watching from around the world, once again a big hello and warm welcome to the show. you know, while the emergence of a new middle class of millions of consumers across asia and africa will change how companies operate this century, the american shopper, for now, remembers the most powerful on the planet. the most recent numbers from the world bag shows the american consumer spent a massive $14 trillion in 2020. that s nearly three times that of the chinese, who spent a
sir salman rushdie, who s now on a ventilator, after being stabbed on stage in the us state of new york. more extreme heat is expected in the southern half of the uk over the next two days. that, as experts also warn england s drought could last into the next year. travel disruption after thousands of train drivers from nine rail companies go on strike across the uk today. it s the latest walk out in a row over pay and conditions. now on bbc news talking business with aaron heslehurst. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. they re the most powerful group of shoppers in the world. but can the american consumer save the world from recession as gas prices, food prices and interest rates rise? i m going to be taking the temperature of the american shopper and ask if it s still true that when america sneezes, the world catches a cold. i m going to be discussing all of that with th
for his bribery conviction, allowing him to return to running the company. plus, a show of support: mcdonald s says it will reopen in ukraine where it is safe to do so to help restore a small, but important sense of normalcy. we start here in the uk where energy company bosses have been holding talks in downing street with prime minister borisjohnson and chancellor nadhim zahawi as concern grows about soaring bills. the annual energy bill for a typical household is set to top £4,000 a year from january that s over double what it is now. mrjohnson says the companies have been urged to help, but it s thought no firm decisions will be taken until a new prime minister is in place next month. our business correspondent caroline davies has more. ifind it quite i find it quite degrading to live in this situation. there is little left live in this situation. there is little left in live in this situation. there is little left in dallas s - live in this situation. there is litt
right now it is food and fuel and that is over half of the ablation right there. these are the two issues that hit every household. and so the poorest households are the ones that are disproportionately affected and that is another worry. people are ratcheting back all of their plans relating to big purchases, automobile purchases, automobile purchases, applied purchases, capital goods. it is rippling through business. our latest ceo confidence index has predicted a recession. when us ceos get worried about recession they start ratcheting back capital investment, hiring plans and anything else. this becomes a concern because they can actually create a recession bite ratcheting back their spending. all of this is coming through in sort of a circular fashion here to our projection that there will be a recession in the us by the end of 2020. and carried over into 2023. but
when inflation hits, you don t see as much in these two areas. but right now its food and it s fuel and that s over half of the inflation right there. these are the two issues that hit every household. and so the poorest households are the ones that are disproportionately affected to this, and that s another worry through it. so people are ratcheting back all of their plans related to big purchases, automobile purchases, appliance purchases, capital goods. but it is also rippling back then through businesses. and so our latest ceo confidence index has predicted a recession. and when the us ceos get worried about recession, they start ratcheting back capital investment, hiring plans and everything else. and this becomes a concern because they can actually create a recession by ratcheting back their spending. so all of this is coming through in sort of a circular fashion here to to our to our projection that there will be