For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
so, take a look at his net favorability rating. that s his favorable minus unfavorable and look at it since essentially march. we see march 25th, which was essentially four months ago, it was minus six points. then it s minus seven points april 25th. may 25th, minus nine points. june 25th, minus 10 points. july 25th, minus 13 points. you don t have to be a mathematician to know that s a bad trend line. and it follows everything that we know that we ve seen in the past. when the president stays out of the news the former president stays out of the news, his numbers go up. when he gets in the news, the numbers go down. to me it s a clear trend line. what are you seeing among republicans in particular. if you look among republicans in particular, obviously the thing i think most republicans are concerned about at this point, specifically donald trump is most concerned about is whether or not he can win in 2024, right? can he win that republican nomination? and of course hi
billet-y look at it since essentially march. when we see? in march of 25, 4 months ago, it was minus 6 points. then it s minus 7 points april 25th. may 25th, minus 9 points. june 25th, minus 10 points. july 25th, minus 13 points. you don t have to be a mathematician to know that that s a bad trend line. it follows everything that we know that we have seen in the past. when the president stays out of the news, his numbers go up. when he gets in the news, the numbers go down. so to me, it s a pretty clear trend line. what do you see among republicans in particular? if you look at republicans obviously the thing i see the most republicans are worried about, is trump, whether or not he could win in 2024. can he win that republican nomination? of course at this particular point is the main nemesis. round incentives, the governor florida. we do we seen the trend line there? if you go back from last year, we essentially see is that donald trump s numbers of state pretty steady
how washington is working on a plan b to the agreement between russia and ukraine, we will take you live visit to ukraine, london, and nairobi. the fbi raises a red flag over chinese telecommunications equipment on u.s. shores. cnn has an exclusive report. we begin with the scorching temperatures across the northern hemisphere as heat waves blanket china, europe and the u.s. in california, a wildfire raging has burned through more than 15,000 acres, hundreds of firefighters are working to battle the blaze, and thousands of people have been forced to flee their homes to escape the fast-moving fire. in europe the blistering heat is helping fuel wildfires in some areas. this was the scene increase as crews battled the fire there. one of several wildfires raging across the country right now, we are seeing scorching heat across much of china. we are standing by in beijing with those details, let s go to nina dos santos outside of london. at these wildfires continue to be a pro
jacking up interest rates, raising bar owing costs. on thursday our first look at u.s. economic growth for the second quarter, another decline in gdp is expected. of course, two quarters of a loss in a row is a sign of a recession, so are we head there had? here is the treasury secretary. the labor market is now extremely strong. we are in a period of transition in which growth is slowly. we re likely to see some slowing of job creation, but i do i don t think that that s a recession. a recession is broad-based weakness in the economy. we re not seeing that now. we re not seeing that now, but here is this from someone who used to have that job, the former treasury secretary larry somers. i think there is a very high likelihood of recession when we ve been in in kind of situation before. recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a kind of triumph of hope over experience, i think we re v