Race which is heating up as a big Rate Cut is set to bring Borrowing Costs down. With high prices and the economy still at the top of americas minds, which candidates plan will get voters or fired up at the polls in after a second attempt on President Trumps life, the bipartisan Push Congress is making to keep making president ial candidates safe. The Task Force Member,. Pat fallon, and Democrat House Intel Community Member Ami Bera are here. I am David Asman in for Neil Cavuto, this is cavuto live. Kamala harris and Donald Trump are talking up the top issue which, of course, is the economy. Alexandria hoff is in wilmington, north carolina, where trump is set the speak later today. Hey, alexandria. Reporter hey, david, good to be with you. Yeah, Cost Of Living, Housing Prices are at the the fore if front of the former president s remarks here today. But with this Rate Cut, you know, just recently happening its kind of resumed some of the criticism that the former president has had of C
Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
To try and rein in soaring prices. So where is the Economy Heading . Im joined now by Salomon Fiedler whos an economist at berenberg bank. Better than expected numbers . More thanjust better than expected numbers . More than just a Coronation Weekend you alluded to, june was the strongest month. The coronation was in may. Domestic spending is relatively strong at the moment or has been in 02. Strong at the moment or has been in q2. Consumers have spent and we see that in the figures now. 02. Consumers have spent and we see that in the figures now. That in the figures now. There are concerns for that in the figures now. There are concerns for the that in the figures now. There are concerns for the longterm that in the figures now. There are| concerns for the longterm health that in the figures now. There are i concerns for the longterm health of concerns for the Long Term Health of the uk economy, what is going on there . , ,. , the uk economy, what is going on there . ,. ,. There . May
We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. Injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the
At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their ambitions were branching out. Were branching out. We have struggled were branching out. We have struggled to were branching out. We have struggled to try were branching out. We have struggled to try to were branching out. We have struggled to try to work were branching out. We have struggled to try to work out i were branching out. We have| struggled to try to work out a rationale for expanding. So w