Publication of a series of reports on the state of the Labour Market. On thursday, yesterday, one of the latest of those reports showed that private employers and dgs were posting their smallest monthly growth since January 2021 with just shy of 100,000 new positions. Government data showed the job positions. Government data showed theJob Openings positions. Government data showed the Job Openings had dropped to a 3. 5 year low, 7. 67 million vacancies through dropped to a 3. 5 year low, 7. 67 million vacancies throuthuly. Million vacancies through july. Later million vacancies throuthuly. Later today, all eyes are going to be in the Monthlyjob Survey of employers and households. A reminder, last month the Labour Department reported the Unemployment Rate at hit 4. 3 injuly. Unemployment rate at hit 4. 3 in july. That was Unemployment Rate at hit 4. 3 injuly. That was up Unemployment Rate at hit 4. 3 in july. That was up from Unemployment Rate at hit 4. 3 injuly. That was up from 3. 5 a
on stock exchanges. the approval of the bitcoin exchange traded funds, or etfs, is seen by supporters as a watershed for crypto, giving it financial respectability and mainstream acceptance on wall street, after a string of controversies. erin delmore reports from new york. this decision was years in the making and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying, while we approve the listing and trading of certain ept spot bitcoin shares today, we did not approve or endorse bitcoin. he said investors should remain caution about the risks associated with bitcoin and said the crypto currency is, primarily a speculative volatile asset. while investors and crypto watchers awaited the decision, a false tweet was posted on the sec official
powell tries to force down inflation. let s get right to it. joining me now is full disclosure host, robin, have we gotten the number yet? lass it come out? or are we still waiting? still waiting for it to come out. we re waiting, all right. another 75. 75 basis points. what is that going to mean? i got it tell you, i got a song in my heart, special thanks to the bee gees. because we re dealing with the cpi that s still high and the fed will have to hike which we just won t like la la, la, la. and did i just destroy my career? i loved every moment of it. oh, the title is called how deep is this inflation? i really want to know. and that s the question on everybody s mind. are we going to go to 5%? 6, 7%? how deep is the buying power and consumer demand in this economy that we have to snuff out and i don t think mr. powell knows. we have it official. three quarters of a point. 75 basis points. i was talking to steve retner today about when the bottom is and whe
hello, i m jake tapper in washington where the state of our union is watching internat international crisis build. one thing that was clear in new york city this past week. the west were world is fighting battles on two fronts. one, against russia that ramped up nuclear threats as ukraine pushes ahead with the forceful recapturing of its own land and second, against global economic peril with inflation soaring and recession looming. people struggling to keep up with rising energy prices and other costs. one leader facing a particularly stiff challenge is the brand-new prime minister of the united kingdom liz truss that officially took on the role days before the nation s monarch died with the nation in economic crisis as garwar rages in ukrai. after mourning the loss of the queen on friday truss first move as a leader markets went into a tail spin and crashing the pound to the lowest level against the dollar since 1985. truss is facing perhaps the biggest set of challenges f
secretary and long term trump staffer and tom peck political sketch writer at the independent. hello welcome to the programme. the european commission will set out next week emergency measures to reform the structure of the european electricity market. the exact makeup of that intervention is still to be decided. but a growing number of eu member states are calling for electricity prices to be decoupled from the price of gas which has soared as a result of russia s war in ukraine. the commission president, ursula von der leyen, said prices which havejumped ten fold in the last year have exposed the limitations of how the market is currently managed. it is no more fit for purpose, and that is why we, the commission, are now working on an emergency intervention and a structural reform of the electricity market. it is the czech republic that has summoned eu s energy ministers to this meeting next week, they currently hold the rotating presidency of the eu council. and just befor