Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h
If a proposal recognises its stand alone intrinsic value. In other news donald trump has been laying out his economic plans should he become president. Trump repeated calls to cut taxes and regulation and is earmarking a governmentjob for controversial billionaire elon musk. Here is ritika gupta with the latest. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include a
Job for controversial billionaire elon musk. Here s ritika gupta with the details. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. This would be to eliminate wasteful federal spending a shot at the biden harris administration s spending levels. I will create a government efficiency c
Rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37 . His proposal is in stark contrast to his rival, kamala harris, who has called to raise the Corporation Tax to 28 . Trumps proposals also include an idea from Tesla Ceo Elon musk to create a Government Efficiency Commission. This would be to eliminate wasteful federal spending a shot at the biden harris administrations spending levels. I will create a Government Efficiency Commission tasked with conducting a complete financial and Performance Audit of the entire federal government, and making recommendations for drastic reforms. We need to do it. Cant go on the way we are now. And elon, because hes not very busy, has agreed to head that task force. This comes as both Trump And Harris are ramping up their efforts to court Swing State voters as well as Business Exe
We start this hour in the uk, where from next week, thousands of british offenders whove served 40 of their Prison Terms will be eligible for early release its necessary, says the government, because of severe overcrowding in jails. There are fewer than 500 spaces left in mens prisons in england and wales a crisis made worse by the convictions of hundreds of people involved in riots last month. Our senior Uk Correspondent Sima Kotecha was given full and rare access to Hmp Pentonville In London and this is what she found. Siren blares. Chaos in Hmp Pentonville. Shouting. Were the only broadcast journalists given access. Its a Code Red. To one of britains most dangerous jails since the current crisis. 0k, come on, folks. And some Prison Officers are so frightened of being targeted on the outside that weve had to blur theirfaces. Hmp Pentonville Staff are overstretched. Another alarm here. And on the verge of breaking point. You worry about, you know, opening the door in the morning and m