A bumpy road for toyota . The worlds second largest carmaker is expected to to report shrinking profits as the us market slows down. On the farm in the us we assess the impact of President Trumps policies in an industry that relies on migrant workers, even the undocumented ones. Welcome to World Business report. Im sally bundock. In a minute well itroduce you to the First American 800 billion company. We start with the worlds second biggest carmaker toyota it will report its latest set of Financial Results in just a few hours. The japanese car giant is expected reveal its had a tough quarter with operating profits falling by 30 . The key reason being a slowdown in the United States taking its toll on the business this year. This follows a record year there last year when carmakers sold 17. 6 million vehicles in the us. But it would seem, at least for now, the winning run is coming to an end in toyotas biggest market. Compared to the same period last year, the company has experienced a
young people for the past year and a half after his grandmother had to go into a nursing home. now elijah, who had a 3.96 gpa, has a full four-year tuition scholarship to xavier university in cincinnati, where he plans to major in graphic design. he s one of four young black men who are class valedictorians across new orleans this year. don t let things get you down. don t let it chain you down. let moments help you get through it. through it
first time. wall street, stock index futures this morning moving down after four straight winning weeks now for the s&p 500. that s the longest run since last fall. investors encouraged by signs inflation may be peaking, gas prices falling again this morning down to $3.96 a gallon the lowest since march. and the federal reserve will release minutes from the last minute could give us clues whether the fed is likely to aggressively raise interest rates again in september. those recent interest rate hikes by the fed made it more expensive to buy a home. several key housing reports are due out this week. let s bring in bess freedman.
the national average at 3.96, not cheap. that is certainly down from a month ago. 5.02 is the record set in mid june. we re down from there. also consumer sentiment, it is still low, but it is starting to pick up, and the stock market for whatever that s worth, the longest weekly winning streak since last year. if you put all of this together, it doesn t mean the economy is in good shape, right, it s not. there are still risks out there, but it does suggest that the idea that the recession has already begun is premature. not to be debbie downer, but what are the bad signs that you re seeing in the economy. you have to start with gdp. the block buster china like growth last year, 6, 7%. this year, we ve had no growth, back-to-back quarters of negative gdp, and every time that has happened since 1948, you have had a recession. now that alone is not enough to declare a recession has actually happened. but there are some concerning signs, layoffs are starting to