Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge boost,
Been waiting for. To hear from alex tapscott, the bestselling author himself. Im pleased to introduce him. Alex is an entrepreneur, a business author, a seasoned Capital Markets professional, focused the impact of emerging technologies such as blockchain and cryptocurrency, business, government and, society. Alex has been also the coauthor of, critically acclaimed nonfiction bestseller blockchain revolution, which i mentioned earlier. It was really a life book for me that changed the trajectory. My career and really my life. It has been translated into more than 19 languages and it has sold more than half a million copies worldwide. His other books include Financial Services, revolution 2020 Digital Assets 2022. Alex a sought after for his expertise, business and government audiences. He has delivered well over 200 lectures. Executive to business audiences at firms, goldman sachs, google alliance, ibm, microsoft, accenture, just to name a few. Alexs tedx talk, which is fantastic if you
Im pleased to introduce him. Alex is an entrepreneur, a business author, a seasoned Capital Markets professional, focused the impact of emerging technologies such as blockchain and cryptocurrency, business, government and, society. Alex has been also the coauthor of, critically acclaimed nonfiction bestseller blockchain revolution, which i mentioned earlier. It was really a life book for me that changed the trajectory. My career and really my life. It has been translated into more than 19 languages and it has sold more than half a million copies worldwide. His other books include Financial Services, revolution 2020 Digital Assets 2022. Alex a sought after for his expertise, business and government audiences. He has delivered well over 200 lectures. Executive to business audiences at firms, goldman sachs, google alliance, ibm, microsoft, accenture, just to name a few. Alexs tedx talk, which is fantastic if you havent seen it, although many have actually over 800,000. Its called blockcha
Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me