Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T
In austria, a Coalition Deal between the Conservatives Peoples Party and the far right Freedom Party has been announced. It paves the way for this man to become the next chancellor. The deal comes two months after the original parliamentary election. It means austria will become the only western European Party with the far right party in government. Do we expect to see politics in austria shifting to the right . M appears so, yes. We have a government which is conservative and far rightand government which is conservative and far right and it was noticeable that, during the election campaign, it was dominated by the question of anti migrant feeling. The Freedom Party even accused the conservatives of stealing their position when it came to anti migrants. What lobby interesting to see though is how the two parties have balanced out the ministries. They announced this Coalition Deal but could not give any details, the two leaders. They say tomorrow they will meet austrias president , who
This is. A. Plan fully back to go this is the news hour live from my headquarters in doha coming up in the next sixty minutes. Im deeply concerned by the risk of military confrontation including as a result of an intended escalation of miscalculation warnings of a risk of Nuclear Conflict at a special u. N. Security Council Session on north korea. Demonstrations against the u. S. Recognition of jerusalem turned deadly at least four palestinians are killed by Israeli Forces in gaza and the west bank also this hour the International Criminal court orders a warlord from the democratic republic of congo to pay reparations to former child soldiers and a controversial law that allows mexicos military to help fight the war on drugs is passed by congress. Thank you for joining Us North Korea has defiantly defended its Ballistic Missile program at the United Nations Security Council the Public Session was called off to pyongyang tested what is believed to be its most advanced intercontinental B
Ramaphosa is currently the Deputy President and is running on an anticorruption ticket. Some analysts say he is most popular with the middle class and has gained a lot of support from anc around the country. Dlamini zuma is jacob zumas former wife. She promises to put more of the countrys economy back into black hands. Critics say she is too close to jacob zuma. Whoever comes out on top of the anc leadership battle in the coming days will be well placed to become the countrys president in 2019. It is at a time when south africa has faced two economic recessions in less than one decade. Unemployment stands at more than 27 and Gross National debt at 150 billion. Lets take a look at some of the other stories making the news. A senior un official has strongly criticised the wealth gap between rich and poor people in america. Philip alston said the us governments tax reform bill together with the health and welfare reforms proposed to pay for it could produce a dramatic increase in inequali
South africas governing African National congress is preparing this weekend to pick a new party leader to replace jacob zuma, who is also the countrys president. The anc is still the dominant political force, but has faced a loss of public trust. President zuma is also facing corruption allegations, which he denies, and there are warnings that the party could split as the country faces mounting economic challenges. Virginia langeberg reports. With jacob zuma stepping down as leader of the anc, south africa is left at a virtual crossroads. Ever since 1994, the first election where people of every race were allowed to vote, the anc has won overwhelmingly. That was the year that brought an end to white minority rule. But now, for the first time in more than two decades, there is the possibility south africans could turn their back on the party that led their country towards liberation. Jacob zumas presidency has been plagued with allegations of corruption, since he took office in 2009. Pu