Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli
Hi there, thank you for being with us. We begin with an ongoing tragedy in hawaii. At least 36 people have died in wildfires and President Joe Biden has issued a major Disaster Declaration. Hawaiis governor says it was the deadliest Natural Disaster for hawaii for generations and he expects the number of deaths to go up significantly. Thousands of people have been forced to leave their homes and hospitals are treating patients for burns and smoke inhalation. Our North America correspondent nomia iqbal has this report. Much of the Hawaiian Island of maui is now scorched earth. A pilot can hardly believe what hes seeing. Oh, my gosh, look at the harbour this looks like baghdad or something. The Historic Town of lahaina barely exists any more. Since the fire began on tuesday, it has ripped through, fuelled by Hurricane Force winds, leaving burnt out cars on once busy streets, and instead of historic buildings, there are Smoking Piles of rubble. Everybody still out here, its time to go for
some trading restrictions put on the market three days ago. we had a situation already where sentiment has been weakening since about mid january on the lack of stimulus measures by the government. so after the last inflation numbers, so we could have an overreaction, but then again the trading restrictions being what they are right now it s very hard to play out the numbers especially with ten days of holidays coming up after tomorrow. days of holidays coming up after tomorrow. , ., ., after tomorrow. yes. so what do ou think after tomorrow. yes. so what do you think the after tomorrow. yes. so what do you think the reaction after tomorrow. yes. so what do you think the reaction from - after tomorrow. yes. so what do you think the reaction from the l you think the reaction from the chinese government is going to be then to these numbers that are worst than expected? i think because of the holiday period, they may be buying themselves a few days to think about what to do
where sentiment has been weakening since about mid january on the lack of stimulus measures by the government. so after the last inflation numbers, so we could have an overreaction, but then again the trading restrictions being what they are right now it s very hard to play out the numbers especially with ten days of holidays coming up after tomorrow. yes. so what do you think the reaction from the chinese government is going to be then to these numbers that are worse than expected 7 i think because of the holiday period, they may be buying themselves a few days to think about what to do. it s really a demand side issue with them. as we saw with the alibaba earnings, people don t have the confidence right now to spend or take on debt. all of the measures we have seen so far have targeted the supply side, increasing loans, increasing liquidity. these are not enough. investors want to see some job creation type of investments, some reduction in some of the maybe the bureaucra
, plus no way out. a judge now, says mike pence must testify before a grand jury about donald trump and january 6th. and this is a textbook case of bank mismanagement. risky business, the big mistakes that caused to us banks to go belly up threatening the global economies. good morning. welcome to our viewers in the united states and around the world. i m christine romans tonight. the city of nashville holds a vigil to mourn victims in monday s mass shooting at a private christian school, a 28 year old former student at that school killed three adults and three young children in just 14 minutes before being fatally shot by responding officers. investigators have revealed more about that attacker. the weapons used and the swift response by the first responders at the scene. cnn s carlos suarez has more from nashville. let s go body camera video from to nashville police officers showing them rushing into the covenant school on monday. me. don t know where he is. going room to r