As the us exchanges open here in new york. Lets cross live now to Shams Afzal, Managing Director at carnegie investment counsel. Of course, in the last hour, we had that adp data out. How are the markets reacting to this . I think this number, as well as tomorrows total data will probably not change the narrative that has been set already that the Jobs Market has softened quite a bit compared to a year ago. I think the more important data that came out earlier showed the number ofjobs available. If number of jobs available. If you number ofjobs available. If you went back to february 2023, there were almost two jobs open every Wedding Work out there, now that number has shrunk to every 1. 1 jobs to every willing work out there. They are finally getting these numbers so this put the Rate Cut Regime very much intact starting from september and that will be on benefit to the overall capital markets. . Benefit to the overall capital markets. ,. , benefit to the overall capital markets. . ,
To the end of august. Im nowjoined by our North America Business correspondent ritika gupta. We are having some technical problems. Bearwith we are having some technical problems. Bear with us a second, hopefully well be able to get her to talk about these usjobs numbers because they have come in under expected and thatis have come in under expected and that is fuelling concerns about a recession as well. So the economic health of the us, which of the worlds largest economy is under some doubt at the moment. We are still having some problems there. Sorry about that, we had some technical issues. What does this tell us about the late market in the us . This tell us about the late market in the us . This was a Surrise Market in the us . This was a surprise to market in the us . This was a surprise to the market in the us . This was a surprise to the downside, market in the us . This was a surprise to the downside, Usi Surprise to the downside, us companies adding 99,000 jobs in august. T
Thanks for joining us. We have a Big Show tonight. Trumps runningmate j. D. Vance is here. But first, hide and go freak is the focus of tonights angle. Well, here we are, The End of summer in the political sense and as the angle predicted, state of the race shows Kamala Harris postdnc bump amounted to a dead cat bounce, in other words, nothing. If anything, Donald Trump has the momentum edge. Nate silver has done an extensive analysis and has trump with 56. 7 chance of winning the Presidency Versus Harris with a 43 chance. That is almost 14 drop since August 14th odds. As far as swing states, those are in trumps favor, according to silver. His Trend Analysis has harris up in battleground of wisconsin and michigan. Trump has far better chance of taking pennsylvania. I guess they are not buying that Fracking Walkback and nevada and georgia. I love that Governor Kemp is putting the party first there in the state of georgia. Trumps chance of winning north carolina, 69. 9 according to silve
You tonight. Trump s running mate j. D. Vance is here but, first, hide and go freak. That s the focus of tonight s angle. Well, here we are. The end of surgeon, at least in the political sense, and as the angle predicted, the state of the race shows us that kamala harris post dnc bump amounted to kind of a dead cat bounce. In other words, nothing. In fact, if anything, donald trump is now the candidate who has the momentum edge. Nate silver, the polling analyst lash guru has done an extensive analysis and as of today, he has trump with a 56. 7% chance of winning the presidency versus harris with a 43% chance. Now, that is almost a 14 percentage point drop. Since his august 14th odds. Now, as far as the all important swing states, those odds are also in trump s favor, according to silver, again, his trend analysis has harris up only in the battle grounds of wisconsin and in michigan. Silver has trump with a far better chance at taking pennsylvania i guess not buying fracking walk back
Will go further. I will commit as Prime Minister to spend 3 of gdp on defence. Because you cannot penny pinch your way to peace. Security is delivered through strength, by planning for the worst, not hoping for the best. We will send a signal to our enemies and our allies alike that The Uk is prepared, that we will not leave the field. Just to put that commitment in perspective, we currently spend less than 2. 5 of our gdp on defence, but ten times that much on our health system, Welfare System and on pensions. Keir starmer says that we cannot afford to spend more on defence. I say we cannot afford not to. The second major challenge that faces us is global migration. We must restore our credibility on this issue, to win back the voters that switch to reform, the lib dems, Labour And those that stayed at home. As Home Secretary i delivered the reforms that are currently cutting net migration by half. I didnt talk tough, i took action. I negotiated with the chancellor, with the health se