let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spooked i
could be tough. we start here in the uk where rail passengers are facing yet another day of strike disruption with four out of five trains cancelled just one part of a wave of industrial action hitting everything from transport to health to education. so on thursday, the government announced plans for new laws limiting strike action by key workers. railways, ambulances and the fire brigade are among those who would have to maintain a minimum level of service and employers would be able to sue unions who fail to comply. but one union has called it an attack on workers. our political correspondent, alex forsyth, has the story. pickets and placards have become a familiar sight as a wave of strikes has swept the country. hospitals, railways airports and universities all among the areas affected by industrial unrest. now the government plans to make some set is keep a minimum level of service when they strike in future. ~ ., service when they strike in future. ~ . ., future. we
that will be next tuesday. anything can happen, make no mistake. we ll be talking about the results one week from tonight. we ll know the results hopefully in all states. five senate races in more than two dozen house races are within two points. this is why i m not poll pollyannaish, why don t want to create a condition where people are overly enthusiastic. within two points. that s five states. that s within the balance of power in congress. a few thousand votes can decide whether or not joe biden and his radical left democrat social party will have key control over your government. other races are within two points including in the state of new york. all the races are tight. in 2016, thick about this, polls showed donald trump losing handily and then he shocked the world and won the election if you look at three key states in 2016 they were at were decided by a combined 77,000 votes in 2020, the margin for joe biden which is 43,000 votes and three swing states despite the
the polls, and that will bebe nx next tuesday. make no mistake, anything can happen. we ll be talking about the results, or at leaste. some of them. one week from tonight, we ll know in most states , hopefully all states , the results. now, according to real s clear politics, their average five senate racefis and more thn two dozen house races ares within two points. soare wi think about this. this is why i m not pollyannish. this is why i don t want to create a condition where people are overly enthusiastic within two points. that s five states. now, that s the balance of power in congress, well within the margin of error. now, just a fe sw thousand votes can decide whether or not joe biden and his radical democratic socialist party will continue to have full control of your government. now, three key gubernatorial races are also within two points, including right here in the state of new york . these race s are all tight. and don t forget, in 2016, think about this. polls s
stolen classified information. sandra: welcome back. as america reports rolls into hour two, i m sandra smith in new york, i ve got larry kudlow on set next to me. john: i can hear him in the background. hillary clinton, she s back. joining the chorus, but with the battle for congress so tight, could she be a gift to republicans. sandra: we ll hear more from clinton in a bit, but we begin with the economy. the president says it is under control, even celebrating it last week as critics say that is just not the case. here is a fox news alert. new today, warnings on a global scale from both economists and the folks who make sure you get what you need. john: the head of fedex expects the economy to enter a worldwide recession. listen here. we are seeing that the volume decline in every segment around the world and the weekly numbers are not looking so good. so we just assume at this point that the economic conditions are not very good. john: the dow did not like th