For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r
Has already been scrapped. The cabinet will meet in manchester shortly. In his Party Conference speech shortly, rishi sunak is expected to set out alternative projects in the north of england and wales. He is likely to argue they amount to a better use of public money and can deliver improvements more quickly. Speculation over the future of hs2, beset by long delays and spiralling costs, has dominated the tory conference. The West Midlands mayor, andy street, a tory, ones that the prior minister is about to make an incredible political gaffe and he has not ruled out resigning over the issue. Nick eardleyjoins us from manchester. Nick, announcing that the line is going to be scrapped in the line is going to be scrapped in the city that it was supposed to get to. What is the prior minister expecting to get from this, politically . It expecting to get from this, politically . Expecting to get from this, politically . It is pretty bold, isnt it . The politically . It is pretty bold, isnt i
Its high Interest Rates. North America Business correspondent Erin Delmorejoins Me now. Good to see you. Put a bit of contact around the numbers for us. Sure, so this is not the Inflation Report a lot of people were looking for because remember, we saw hotter than expected Inflation Injanuary and february today we see that data again in march. And not only is it higher than expected, but we are seeing this trend upwards. And thats not what the fed wants to see when they talk about Cutting Confederates Interest Rates this year. The expectation when wrapping up year. The expectation when wrapping up 2023 was we could see as many as three Interest Rates cuts this year, as soon asjune. But when you see inflation is sticky and persistent as we see in the data, that becomes harder to envision, and indeed when this came out at 8 30am est today, you saw the expectations for that june Interest Rates cut drop. find june Interest Rates cut drop. And how does that june Interest Rates cut drop. An
There are parts we dont like. But we need to know so we can move forward. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by you never discriminate. You want everyone the young, the old, the soft and the strong but cancer, were fighting you with immune therapies and genetic testing, with laughter, with strength because every one of us is doing one thing only, making cancer history. You were born with two stories. One you write every day, and one you inherited thats written in your d. N. A. 23andme. Com is a Genetic Service that provides personalized reports about traits, health and ancestry. Learn more at www. 23andme. Com. Lincoln financial committed to helping you take charge of your financial future. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the rockefeller foundation. Promoting the wellbeing of humanity aro
Its just a matter of time before something similar happens here on our west coast. But theyre not talking about the area around californias san andreas fault. Instead theyre looking at the Pacific Northwest as don dahler will report in our cover tori. A 9. 0 earthquake and tsunami devastated eastern japan in 2011. And Scientists Say its a question of when, not if, it happens here in the Pacific Northwest. This would be like five or six katrinas all at once up and down from california to canada. Morning. A really big one. How do you go from a High School Student who doubted her looks to a grammywinning pop star almost overnight . Tracy smith does the honors. Meghan trainor always knew she had the talent to be a big pop star. She just never thought it would happen. Did you get told no a lot . Yeah. Even by myself. Why . Because i just i didnt think looked like it. She was wrong. Later on sunday morning all about that superstar, Meghan Trainor. Cowan holly hunter is on oscar winning actre