November is the number which remains high in historical comparisons. The consumer is not falling off a cliff and that is important because as we look into 2020, it is the consumer which will be doing the legwork and driving prices. David you are our chief economist. It seems like different data in different directions. The university of Michigan Consumer was high. It seems like it is up and down. Can you get a clear picture of where the u. S. Economy is right now. Tom our view is we are looking at a slow down, but not a meltdown. The key way to look at this is through the lens of the job data. A year ago, even at the beginning of 2019, we were looking at a u. S. Economy creating a solid 200,000 new jobs a month. 2019,e are at the end of the run rate has come down considerably, we are closer to 100,000 than 200,000 now, but that is still enough job creation to keep unemployment at a 50 year low, to keep wage growth at a solid 3 or even higher. With that Unemployment Rate in that pace of
Lets talk in more detail about one of the world s largest and oldest travel companies, thomas cook colla pses. After last minute talks aimed at saving the firm failed. Its triggered the uks biggest ever peacetime repatriation effort. Thomas cook started up back in 1841, offering day trips. Last year it had a turnover of more than 11 billion. In total, the Tour Operator has 600,000 customers on holiday at the moment between 150,000 and 160,000 are british. The firms chief executive, peter fankhauser, has apologised, saying the collapse is a matter of profound regret and a deeply sad day he says, for the company which pioneered Package Holidays and made travel possible for millions of people around the world. Thomas cook has 22,000 staff around the world 9,000 of whom are based here in the uk. Martin alcock is a director at travel trade consultancy. Good morning. Good morning, sally. We have heard from the Civil Aviation authority, talked about by the government did not step in. Where di
The publication of such news is aimed at disturbing the Public Opinion and harming the process of the capital market. The secretary of the Supreme Council of the Stock Exchange also said in this regard that according to the Securities Market law, issuing the suspension and cancellation of the license of Stock Exchanges is one of the duties of the Supreme Council of the Stock Exchange. In no way is this issue on the agenda of this council according to mr. Eshghi, the Commodity Exchange has significantly contributed to the transparency of accepted goods transactions in recent years and the performance of the Stock Exchange in the National Economy is undeniable. In the last minutes of todays trading , news was published in cyberspace without any reliable document or source that the activity of the Commodity Exchange may be suspended. This years initial Public Offering will take place on wednesday, august 11, with the offering of 12 shares of the tosun Technology Development company in the
From our studios in new york, this is charlie rose. Charlie Tshering Tobgay is here. He is the Prime Minister of bhutan. He led bhutans first Opposition Party. He is working tuesday or his country through its transition to democracy. It is one of the leading countries in environmental conservation. 60 of National Forest are tempted. It is being challenged to find a balance between the pursuit of happiness and Economic Growth. I am pleased to have the Prime Minister here at this table for the first time. The next time will be in bhutan. Welcome. Prime minister tobgay thank you. Charlie for many people it has an image. For some it is a shangrila. It is much different than that. Prime minister tobgay it is a kind of shangrila. It is in the mountains. It is tucked away in the himalayas. But the reality is we are not just one big monastery. We are people. The country, the beauty of our country is that it rises very quickly all the way to 7500 meters above sea level in a span of time. Charli