at an annual rate of half a percent injuly, although the price of services has continued to rise. that s raised hopes that after 11 hikes in the cost of borrowing, the fed may have won the battle against soaring inflation. all eyes now are on official employment numbers for august out later today. the fed will want to see a continued slowdown in hiring and pay rises. we certainly got an indication from thejobs report we certainly got an indication from the jobs report and from the adp report that the jobs could be weaker than anticipated, which would be good because that implies the fed might not need to raise rates september or november. also unemployment rate remaining very low and the hourly wages actually being equal to or less than last month, so again, inflationary pressure is probably coming down. let s speak to joshua mahony, chief market analyst at scope markets. has the fed nailed this? has it achieved a possible dream soft landing for the us economy, tackling infla
google s parent company, alphabet, and microsoft have both unveiled quarterly report cards that beat expectations. alphabet shares jumped a little more than 1.5% in after hours trade, as the company announced that its quarterly revenue rose to more than $69 billion. that s 3% higher than the previous year. microsoft stock also got a boost in extended trading, up a smidge over 8.5%, with a quarterly revenue beat that was mainly driven by growth in its cloud computing businesses. of briefings at insider intelligence. some signs of resilience here? yes. although clyde either one or two caveats that. expectations have drops considerably in the last year so this is the type of growth that both of these companies would have been mortified by just a year ago and now expectations have dropped to the point that this is meeting the point that this is meeting the mega expectations of the market is a win. the mega expectations of the market is a win. there is a lot of chat right marke
not, on the money, albeit less of it? last year you may remember that the governor of the bank of england andrew bailey told you not to ask for big pay rises to stop prices rising out of control. they are perhaps not so much happened as of doom and bust but of truth. they worried about and in inflationary spiral where prices push inflation out of control and uk inflation of course running around 10%, food inflation much higher than that, thatis inflation much higher than that, that is around 17%, 18%. of course workers across the public sector right now are involved in industrial action over pay rises. so is mr pill right? do wejust action over pay rises. so is mr pill right? do we just need to get used to being poorer? do you accept being poorer? let s talk. get in touch. and here is the news. the government says that over 200 british nationals have been airlifted out of sudan so far. three raf planes have already touched down in cyprus and more are expected to follow. evacu
breaking news from around the world, 24 breaking news from around the world, 2a hours a day, this is bbc news. fix, 24 hours a day, this is bbc news. certain degree and also support against what they see as pressure from the prc so this would be japan, south korea, singapore is a bit of a mixed position. singapore i think is not a us ally. it like this with with the us i think it appreciates bite and s more stable as opposed to trump s. so there is some concern about perhaps the mounting intensity of competition between the us and china, i think for singapore who was in the middle man position, they are wary of a bite in the ministration pushing further on competition and of course they are just as concerned with the prc in kern in case any mistakes as would venture to say. interesting you mention tensions between washington and beijing. under the obama administration when mr biden was the vp that was very much a policy of pivot to asia. how do you rate mr biden policy t