threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
inflation. take a look and i agree s with what chairman paul said last week that theeek number one threat is the strengthon in strength that we build is inflation. look, i know you ve got to be frustrating. no, i can taste it for inflation and it s going to take any responsibility or policy. i think our policy is to helppde nots hurt. think about think about what they say the vast majority of the of the of the economist think that this is going to be a real tough problem to solve. but it s not because of spending screaming at the tv. how have they helped joe now since joe has clearly lost any ability to communicate becauseog of this cognitive decline? allow me to m trye to translate for him. there s no plan to curb inflation, by the way. it s notay transitory either. there s no plan to lower gas prices, is no plan to spur on economic growth or as bloomberg reported, quote, inside the administration there is a sense of frustration, doom and some say magical thinking about
Travelled by armoured train, he is paranoid about security and so trips are fraught with dangers and it is possible that that is the reason that the us decided to release this, that the us decided to release this, that they hope to spook kim jong un by making this meeting so public and putting the eyes of the world on him and on this travel, that he will decide it is just too dangerous to go and by thwarting the meeting they probably hope they can thwart the arms deal. The us priority in all this right now seems to be to stop these weapons getting to the front line, but here in south korea, the concern runs deeper, it is want what does this mean for future north korea russia cooperation . Russia is desperate and it is expected that mr kim would put a high price on any weapons he would sell the russian leader, the things that people here worry about could this mean increased military cooperation between north korea and russia, would desee Military Drills like the us, south korea and jap
Trading, writing have an encouraging Inflation Report that said all three major indexes to record closes on wednesday. 0ther Indexes to record closes on wednesday. Other good vibes on wall street making their way to main street . In a way, yes, many people are exposed to the stock market through their Retirement Fund so Stock Market Gains like the ones we have seen this week will get real money for real people. Consumers are not feeling so rosy. A survey last week so they are significantly more worried about the Economic Outlook than they were last month. Those feelings ari burnu for some retailers like walmart which reported Quarterly Earnings that Beat Estimates on those the morning. Shoppers have been flocking to the Discount Retailer as inflation has taken a bite out of household budgets. Four shares in a record close on thursday. Now much of their gains are coming from high income at shoppers who are making up a greater portion of the company business. They are still spending on b
before he gets together with rishi sunak and keir starmer. music: doctor who theme and we ll take a journey through space and time with doctor who s companion, and legendary comic, catherine tate. whatever! 100%, it will always be, i m sure, the bestjob i ve ever had. really? 100%. i think david and i both feel that. it s 100% the bestjob. with me at the desk richard tice leader of reform uk the party, who fancies gobbling up the tories vote. with a public sector squeeze on the cards, christina mcanea head of the mega union unison and with energy bills on the rise again, alistair philips davies, boss of the energy firm sse. let s see what is making the news this morning. on the front pages. the sunday times leads with the israeli hostage releases we ll talk to clive myrie on the ground in israel in a second. but notice an intriguing story there claiming reform uk offered a prominent tory cash to defect. the sunday mirror has a picture of 9 year old emily hand who was r