the highest it s been in 15 years. but last month, the bank s rate setting committee narrowly voted to keep it unchanged. and it s widely expected to do the same again today as evidence grows of the strain that high borrowing costs are putting on the economy and the housing market. here s our cost of living correspondent colletta smith. this is my monthly dining out, put that in as a reminder. ebony is doing all the right things. ebony is doing all the right thins. , ., , ., ., things. this month they have a savin: things. this month they have a saving goals things. this month they have a saving goals towards things. this month they have a saving goals towards my - things. this month they have a i saving goals towards my house buying savings. she saving goals towards my house buying savings- buying savings. she and her artner buying savings. she and her partner saving buying savings. she and her partner saving carefully - partner saving carefully putting cash into phys
comment on speculation. the company has been grappling with losses and debt since 2019 when its plan to go public failed, worrying investors. to our north america business correspondent michelle fleury. well documented problems, that failure to launch and go public in 2019 and here we are potentially from a massive valuation now facing bankruptcy protection. flat from a massive valuation now facing bankruptcy protection. bankruptcy protection. not a surrise bankruptcy protection. not a surprise but bankruptcy protection. not a surprise but at bankruptcy protection. not a surprise but at the bankruptcy protection. not a surprise but at the same - bankruptcy protection. not a l surprise but at the same time bankruptcy protection. not a i surprise but at the same time a stunning full from grace when you consider how big this company was. at one point it had a valuation of 47 billion. you have the pandemic and a shift to remote working and you start to see some of the stru
[ applause ] day two of the Republican Convention begins this afternoon. House speaker paul ryan, majority leader much mcconnell, House Majority leader kevin mccarthy, two of Donald Trumps children and former republican president ial candidate ben carson are all scheduled to speak. Tonights theme is make america work again. Live Convention Coverage starts today on cspan at 5 30 p. M. Youll have a front row seat to every minute of the republican and Democratic National conventions on cspan. Org. Watch live streams of the Convention Proceedings without commentary or commercials. Use our video clipping tool to create your own clips of your favorite convention moments and share them on social media. Also, read twitter feeds from delegates and reporters in cleveland and philadelphia. Our special Convention Pages have everything you need to get the most of cspans gaveltogavel coverage. Go to cspan. Org Republicannational Convention and cspan. Org Democraticnational Convention for updated Sch
First, though, the appointment of Boris Johnson as britains top diplomat has been met around the world with bafflement and, in some cases, outright shock. Said the ayrault former Brexit Campaigner had lied to his country. His german counterpart described johnsons behavior as outrageous. Johnson, who once likened the eu project to hitler, will attend his first foreign meeting of eu ministers in brussels on monday. Within hours, british Prime Minister theresa may stood in front of her new home and called for unity. Prime minister may we will make britain a country that works not for a privileged few, but for every one of us. That will be the mission of the government i lead. Reporter among the fresh and firstnown faces in mays cabinet, leading Brexit Campaigner Boris Johnson. A controversial character, one of the former london mayors first jobs will be to fix some personal relationships. A number ofgonized european heads of state with the rhetoric he used during campaigning ahead of the
alibaba shareholders likely view jack ma as one of their heroes following friday s successful wall street debut and record breaking ipo. good morning welcome to squawk on the street. i m david faber with jim cramer. live from the new york stock exchange. carl quintanilla has the day off. futures this morning because we are looking down. perhaps china. i m guessing, jim. it s all china. it s some statements out of china saying, listen, we don t need to stimulate as much. we re willing to accept decline in the growth. growth. 7% now, some saying in gdp. keeps coming down. all right. our road map this morning and it starts not with china but right back here in the u.s. with the iphone. the official initial sales numbers just out. guess what? new record, tim cook says they could have done better. alibaba setting records. biggest ipo in the world not just u.s., we knew that would happen friday. what did push it over the line. it wouldn t be monday without a couple of dea