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we start here in the uk because in 90 minutes time, we ll find out if inflation is continuting to fall. the rate at which prices are rising fell to 4.6% in the year to october, down from 6.7% the month before. that sharp fall was due to cheaper energy prices and declines in oil and gas prices might bring the headline rate of inflation even lower in november, with economists estimating 4.3%. in a bid to curb inflation, the bank of england has increased interest rates to 5.15%. some of you know that only too well. live now to kallum pickering, senior economist at berenberg. good morning to you, it s been a while. give us your take on inflation today, will go in the direction we wanted to? yes, it robabl direction we wanted to? yes, it probably will direction we wanted to? yes, it probably will fall direction we wanted to? yes, it probably will fall as direction we wanted to? yes, it probably will fall as you - probably will fall as you mention, a5 seem to be the est ....
to get a resolution and remain in this for the long haul . but ministers and train operators say the latest pay offer, of 4% for two years in a row, is fair and reasonable. we can to talk to our transport correspondent, katy austin who s at paddington station in central london. if paddington usually a bustling, busy station? if paddington usually a bustling, busy station? that s right, as you can probably busy station? that s right, as you can probably see busy station? that s right, as you can probably see behind - busy station? that s right, as you can probably see behind me, - busy station? that s right, as you | can probably see behind me, there are some passengers here today, but very few when you compare it to a normal weekday. and there are very few days damage trains running. some operators affected by the strike are running absolutely nothing at all, others of those 15 operators, which are affected, others have a very limited service, including great ....
is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. it s just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going to see huge delays, obviously, but also big price increases because, well, it s a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. indeed. we re seeing an impact on oil prices as well. the united states planning to fo ....
with what is in this bill. there appears to be some widespread relief at having at least some sort of agreement to avoid a potentially catastrophic default. that would happen june 5 at the house and senate did not pass his agreement with speaker mccarthy: the built transformational for americans. democrats are accusing republicans of quote dragging their feet until the last second period mccarthy says he hopes have the house but on this bill by wednesday. as usual chad pergram following mercy joint disliked capitol hill. so chad what happens next? good afternoon. president biden says he s confident a bill will get to his desk with the debt ceiling challenge is now entering its most daunting phase. getting the agreement through congress. passing the bill requires a delicate bipartisan formula of democrats and republicans in both chambers. house speaker kevin mccarthy is trying to excite his side. is not one 100% of what everybody wants it. countries going to be stron ....
judge jeanine pirro, charlie hurt, kennedy, and tyrus. it s 5:00 in new york city, and this is the five. was the five before christmas, the studio was set for the table to discuss the big topics. the stockings were hung by the cameras with care in hopes that the five would soon be on air. when out in the greenroom us rose such a clatter, it was just judge jeanine stealing a cookie from the platter. okay, that is enough of that. we are going to get to the news in a few minutes but now it is time for a christmas fastest. first up. think of secret santa gifts. one man is vowing to never participate in his office exchange ever again after only receiving a box full of a assorted mini candy bars as is present. judge, i feel like this would be a dream gift for you, actually, to get candy. jeanine: it is a dream gift. here is the problem. this guy is very upset because he spent all this time getting a present for someone, and in exchange, he got left over candy. he ....