Republicans have already hit back at his words. Schumer is one of americas highest ranking jewish politicians and a close ally of President Biden. Heres some of what he had to say in the senate. The fourth major obstacle to peace is israeli Prime Minister Benjamin Netanyahu, who has all too frequently bowed to the demands of extremists like ministers smotrich and ben gvir and the settlers in the west bank. The State Department has responded to Chuck Schumer s comments, stressing they are not a reflection of President Biden s position. Obviously, congress is an independent branch of government. I think the government of israel understands quite well how the Us Government works. They interact frequently, notjust with members of the executive branch, but with members of congress, including senator schumer, who has travelled to israel a number of times over the years. And im sure they fully understand that he speaks for himself. Hes obviously someone we are in close contact with, but not a
Begins, cheltenham roar, is the festival begins, kicking off four days of racing. Begins, kicking off four days of racing, culminating in the gold cup on friday on friday. Good morning. A fairly on friday. Good morning. A fairly cloudy day for most of us today. Patchy light rain in the north. Heavy rain in the south. The temperature continues to climb in the next few days. Details later in the programme. Good morning. Its tuesday, 12th march. A long awaited report into Veterinary Services will be published this morning, after concerns pet owners are facing expensive bills when paying for treatments. The Competition And Markets Authority launched the review last year, and has previously said that fees were rising faster than other goods and services during the cost of living crisis. Nina has the details. Good morning. Are you paying too much to care for your furry friend . Why have vet costs been rising faster than general inflation . Are you getting a fair deal when it comes to costing
Dead. Well have the latest in just a minute. The biggest oneday strike to hit los angeles in a generation is under way right now. Everyone from mechanics to Traffic Officers are walking off the job. The latest in the series of union labor actions that disrupted the city in recent months. Well explain what it is all about and whats next coming up. We start, though, with former President Donald Trump and federal prosecutors locking horns over what will be one of the central themes of his upcoming federal trial. The right to free speech. Right now the legal teams from both sides are under orders to agree on a hearing date to hash out the scope of a protective order which would set ground rules for what Evidence Trump can and cant disclose. Last night, his Team Rejected the governments original proposal to restrict everything it hands over, arguing that would violate trumps First Amendment rights. Instead, trumps attorneys proposed more narrow limits for only genuinely sensitive materials.
Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas