Of retail is changing. Well hear from The Boss of ingka about what it means to go phy gital. Live from london this is Business Today, im sally bundock. We start in the united states, where Donald Trump haS Pledged the us would take other countries jobs if he returns to the white house. Hes laid out hiS Plans to slash taxes, lower Energy Costs and regulations for manufacturers that made goods on us soil. At a Campaign Rally in savannah, georgia, trump promised a Manufacturing Renaissance reiterating hiS Pledge to punish american companies that manufactured outside the us, and slap large tariffs on foreign made goods to protect us industries. Not only will we stop our Businesses from leaving for foreign land but under my leadership we are going to take other countries jobs. Leadership we are going to take other countriesjobs. Ever leadership we are going to take other countries jobs. Ever hear that expression before . That we are going to take other countries jobs, are going to take othe
Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl
The Usjustice Department sued americas largest card network, accusing the company of illegally monopolising the Debit Card Market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in Al Darling nvidias stock price. That was after the company said its ceo, jensen huang, was done Selling Stock in the Chip Maker for now. And Chinas Wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that Rate Cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the Usjustice Department has filed a lawsuit against visa. It says the worlds largest Payments Processor illegally stifled competition to maintain a monopoly over the american Debit Card Market, through means like paying off potential competitors. Visa says the claims
Significant challenges. Hedges rise, oil falls for a cplus talks ope are delayed for a third day. Crude had capped its biggest monthly increase since may. Heading for the exit. Unicredits ceo is stepping down after four years at the top of italys biggest bank. It comes amid clashes with Board Members over acquisitions. It is 6 00 a. M. In london, 7 00 a. M. In vienna. We are where we are supposed to be. You wanted to start with oil. I absolutely applaud the decision. There is this line that the prince threatened to resign. My question is simple, is that petulance, posturing, or productive . Good morning . Morning. Annmarie i am certainly sure it is not productive. They are meeting on thursday. A brilliant note overnight saying that like with everything with opec the first day, there is always drama. She compared it to as much as drama you would see in an episode of gossip girl. A lot of infighting. Usually, you and i will report on it between saudi arabia and russia. This time, it is r