programme. let s look at some other stories making news. china s central bank has cut one of its key interest rates for the second time in three months as the world s second?largest economy struggles to bounce back from the pandemic. the people s bank of china lowered its one?year loan prime rate to 3.45% from 3.55%. the country s post? covid recovery has been hit by a property crisis, falling exports and weak consumer spending. civil servants in indonesia s capital, jakarta, have been instructed to work from home as part of measures aimed at reducing traffic congestion and severe air pollution. around 50?percent of government office workers have switched to home working. more government workers are expected to start working from home next month. jakarta is consistently ranked amongst the most polluted cities in the world. north korea has cancelled its first commercial flight in over three years.
let s begin in china, because an incremental cut to a one year lending rate on monday has raised concerns that the world s second biggest economy is weaker than expected. the one year loan prime rate has now been reduced twice this year. and stands at 3.45%, ..down from 3.65% in may. the aim is to nudge businesses and individuals to borrow money. hong kong based market strategist vincent chan of al theia capital told me the market thinks the chinese government is not doing enough. the company seems to be more concerned about growth but it is not doing enough as the market expected to boost growth. market expected to boost urowth. , ., , market expected to boost urowth. ., , ., ., . growth. the economy data which shows weak growth. the economy data which shows weak growth growth. the economy data which shows weak growth and - growth. the economy data which shows weak growth and record i shows weak growth and record high unemployment and economy in deflation and a securing crisis, s
unseasonably cold weather. he has been a little bit under the weather. maybe it is okay that he is resting. marcus: pope francis keeping a demanding schedule. presiding over a surface inside saint peter s for sale, using. standing to kiss a statue of jesus. it is beautiful that he is out of the hospital and that he wants to eat with us especially at easter. marcus: and the vatican has given no indication that pope francis will miss any other events. he is expected to preside over mass both on saturday and sunday as well as to deliver his blessing to the world. linsey? linsey: and in the world we will be watching. thank you. and onenote on the economy due to latest jobs report shows harrowing slow to bid last month and that is good news in the fight to tame inflation. employers added 236,000 jobs in march. some 90,000 fewer than in february. unemployment ticked down to 3.45% and one more bids of encouraging news in the report. job participation was upset
who say mr. biden is griping about the vp and her unwillingness to take on risky ventures and that is he irked that kamala harris is not rising to the occasion. to get the appetite whet before the run of 24, trace. it is intriguing, indeed. kevin, thank you. let s bring in the dean of pepperdine of public policy, fox news contributor leslie marshall. the 38% approval rating is really just the beginning of the bad numbers. i want to put these up. here is the biden s handling of economic concerns and north pole says the following, his handling of the economy, 31% approve. 68% disappear and then you go on the washington examiner says the following, quoting unemployment is low, gas prices a bit high at 3.45 a gallon are tolerable if only 31% approve of bind in s
and powell s comments foreshadow rate hikes when the fed meets later this month. and on inflation watch, gas prices road to $3.45 a gallon. and want to bring in the federal reserve and economy reporter for the new york times. and gina, i want you to listen to a thelittle part of powell s testimony. the latest economic data have come in stronger than expected which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. if totality of the data were to k indicate that faster tightening is warranted, we d be prepared to increase the rate. and fed chief higher for longer, that is the takeaway for interest rates. yeah, definitely. and i think that also the takeaway and really surprised markets is that it might not just be higher but it also might