Military capability and the u. S. Military. Its also a testament to the tensive planning between the united states and israel to anticipate and defend against the attack we expected. Make no mistake the united states is fully, fully supportive of israel. That was president Joe Biden addressing a major escalation in the Middle East, irans ballistic Missile Attack on israel. Well bring you the very latest on that developing story in just a moment. And well go through the big moments of last Nights Vice President ial debate, which could be the final matchup between the campaigns before Election Day. And well Haven Update on recovery efforts across the southeast as President Biden prepares to get a firsthand Look Today at some of the devastation. Good Morning And Welcome to Way Too Early on this wednesday, october 2nd. Im jonathan lemire. Thanks for starting your day with us, and we have an extraordinarily busy show for you this morning. And well begin with the latest developments out of t
the palestinian ambassador to the u n, called it a step in the right direction but reiterated calls for an immediate ceasefire saying that 2 point 3 million palestinians have been fighting for their lives and facing death. meanwhile: israel s ambassador to the un criticised the resolution and said that the un should have focused on the humanitarian crisis of the hostages. gilad erdan also thanked the us for its support of israel. for more on the day s events, our correspondent there, john sudworth sent this update from washington. the united states explained that while they re happy that this was stepping up humanitarian aid, they were happy that the council did not include the condemnation of a mosque towards the october seven attacks and said that is what led them to eventually abstain and it is worth noting that the draught was humanitarian in nature and those in the council discussed must be a kind of all parties if one is named and ultimately, the united states, he di
that the united states won t veto. our correspondent, shaimaa khalil, has the latest. still very much under. in the works. it s come down from cessation to suspension to now creating the conditions. i don t think there s any shortage of diplomacy. what we re in shortage of really is the agreement on a humanitarian truce, pause, ceasefire that will allow aid to come in in a sustained, consistent way. and not only that, but distribution has also been a key hindrance here. this. the relentless bombardment, the continued fighting has. has meant that even the little aid that comes in and we ve understood from the united nations, for example, that the aid that comes in is about 10% of the general need of the population in gaza, that hasn t been distributed and hasn t gone to the people who need it the most. we ve heard warnings from the world food program, for example, that gaza is now, you know, on the fringe of a real threat of famine. a who team has gone to the north of gaza to
let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk economy is
nike set sales of footwear in north america, which is its largest market fell 5%. in china, another key market, which is slowly recovering, footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things, announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and streamline the overall organisation. the plan is going to cost the company 400 million to 450 million to invest. adding that the company sees an outstanding opportunity to drive long term profitable growth. and after the retail giant more that demand would continue to be weak for at least the next six months, investors are hoping this turnaround will and nike s losing streak. to india now, and alcoholic exports are likely to cost when billion dollar