live now to professor tim benton, research director, environment and society centre. thank you very much forjoining us today, tim. lots of things of course influence the price we end up paying for ourfood, things like transport, wages and supermarkets. are the increases that we are seeing in the costs of food commodities being passed on to consumers in foal, orare being passed on to consumers in foal, or are they being absorbed, at least in some parts, in the supply chain? to a parts, in the supply chain? trr a certain extent, both. if you think back to our current period of inflation, where we ve had, post ukraine, post pandemic, a global cost of living crisis. sorry, i m getting a lot of feedback, i m getting a lot of feedback, i can t hear myself. thank you. global cost of living crisis, some of that is being driven by environmental effects, some of it being driven by politics, but as climate change increasingly bites, we are going to get a lot more pressure on everyday co
we start on the markets because a day after wall street closed at new record highs the jitters have returned. but i don t seem to have a camera! what i can do is. you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields the effective interest rates on government debt have soared again. the yield on the 10 year us treasury bond hit almost 1.75% its highest since the very start of the pandemic back injanuary 2020. what s that telling us? that investors are scared inflation is about to take off and interest rates will have to rise soon. that s despite reassurances to the contrary from the head of the federal reserve. we d had about a 45 basis point jump in that treasury yield, and during that time, that is when we saw the nasdaq sell off more than 10%. so the question here is, what does it look like on the chart now for the treasury yie
That follows the police killing of a teenager on tuesday. 16,000 police have again been deployed, but there have been fewer incidents nationwide than on previous nights. president macron said he supported the security forces but was also looking in detail at the events that led to the death of nahel. he was scheduled to meet with german chancellor olaf scholz today but cancelled his trip on saturday. joining me now is tomasz michalski, associate professor of economics at the hec business school in paris. tomasz, fewer arrests overnight. what is the situation likely you in paris? where i am, i am in the leafy suburbs of western paris, there is nothing happening that you can observe, anything. but having said that, the night has been, in different places, especially in areas where you have a lot of council housing,
Conflict between russia and ukraine in the future, when the time is right. and the time will be right when both sides, russia, ukraine and probably the us feel like they cannot gain anymore by pursuing the war and therefore are ready for peace talks. war and therefore are ready for peace talka peace talks. duncan wrigley, thank you peace talks. duncan wrigley, thank you very peace talks. duncan wrigley, thank you very much. - to france now, where president macron faces the moment of truth over his plans to repair government finances by raising the retirement age to 64. the highly controversial reforms have sparked widespread strikes and protests across the country. strikes and protests across the country after mr macron decided to force the bill through parliament without a vote. it now goes before france s constitutional council the top legal authority in the land. armin steinbach isjean monnet professor of law and economics at the hec business school in paris. thank school