Speaking to reporters at mexico citys airport, he said he arrived with his hand extended. He added the United States brings hope for a prosperous and stable mexico. The new governor of puerto rico knows he has a tough road ahead, but she says she is preparing for it. Pressld the associated her priorities are to fight corruption, secure federal hurricane recovery funds, and to help puerto rico out of its 30 year recession. She is excited to finish the team of the former governor who resigned earlier this month following a massive protest. The Trump Administration has informed congress it plans to sell f16 fighters worth 8 billion to taiwan. It is a move that is sure to escalate already high tensions with china. Two u. S. Officials and congressional aide say the administers and have informally notified lawmakers of the potential sale. The f16 deal would be highly controversial because china fiercely opposes all arms sales to taiwan, which it regards as a renegade province. Global news 24
Im sandra smith in for neil cavuto, and this is your world. Leaving pain in the gas for President Biden. The writing is exemplary. Great to be with you. President biden is back in washington amid new economic concerns that surging gas prices bringing down fears that inflation is back with a vengeance. Make no mistake. Its gas prices that always gets the attention of consumers which in turn means lawmakers pay attention. The news is not good, with prices way up. Its worse than that. There is an overall surge, and The Cost Of Living for amer americans, vegetable costs, up. Gas to get to and from work, also up. Its a devastating report card for president who is more or less hovering around 40 and obviously lower with many other parts of the country. When joe biden was elected president , and inaugurated, looking at 2030 price increases on what counts, and thats stable foods, power, electricity, gasoline, the price of cars. Taking a mortgage out now, so most 7 thats 1,000 a month on the mo
Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting meeti
fleury sent this report. the december notes from the us central bank s last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting meeting this year starting january 30. investors are holding their breath is beneficial t