Future of the country i. Need to rethink that is drama. To me its all about a new i might show join me in the contest and beat up the. Post. Stocks fall into Oil Prices Surge as investors worry about new tensions between the u. S. And iran look at what exactly has markets concerned. Also on the show south africas struggling economy is bracing for yet another blow a 3rd junk status reading on its debt. And will hit the road in the u. S. And meet some hard travel amazon workers this is your d w Business Report im Stephen Beardsley in brylin good to have you with us. Global markets are watching closely as tensions rise in the middle east following the u. S. Killing of a top iranian general of special concern or oil the persian gulf is home to some of the Worlds Biggest Oil producers and theyre now in the middle of an escalating crisis. The u. S. Air strike has sparked concerns that regional tensions could escalate further but tension disrupting crude supplies the strait of hormuz located
Hit the road in the u. S. And meet some hard traveled amazon workers. This is your Business Report im Stephen Beers in berlin thanks for joining us. Companies operating in iraq are tightening Safety Measures after the u. S. Killed a top iranian general drawing vals of retaliation from teheran Oil Refineries and shippers in the persian gulf have been targeted in the past for iranian sponsored actions in Global Markets are clearly fearing a repeat Oil Prices Rose on friday and stocks fell. The u. S. Air strike has sparked concerns that regional tensions could escalate further but tensions disrupting crude supplies the strait of hormuz located between a man and iran connects the persian gulf with wider is the ways some 20000000 barrels of oil pass through this choke point every day any hint of trouble in the region sends the prices climbing the persian gulf is home to 3 of the worlds top 10 oil nations when measured by oil reserves irans mainstream exports have already been squeezed by u.
Estimate from 3 percent to 2. 5 percent the overall trajectory is upwards and Consumer Spending is buoyant but lou were spending on building equipment and software led to a downgrade analysts believe the trade war with china created uncertainty. And its probably doing so still joining me now in the studio is our Business Reporter Clifford Coonan and our man on the markets. Welcome to you both now whats on the east lets start with the u. S. So trump has argued that his tax cuts and increased spending would be enough to propel growth to the 3 percent mark but that hasnt happened that surely must be a disappointment for him no. Disappointed in indeed but he will probably not take any of the blame and keep pointing fingers head to the photo reserve on its own Monetary Policy that said after 1. 00 trillion dollar tax. Stimulus consumption which is a 2 thirds of the u. S. Economy was not as strong as initially thought actually Consumer Spending peaked 2nd quarter of last year obviously rated