stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed
posting on social media messages that gleefully note the blast came a day after putin s 70th birthday, and it is seen as a shocking rebuke of both putin and the russian military. meantime, the white house is defending president biden s strong wording on thursday that we face greatest risk of, quote, armageddon since the 1962 the cuban missile crisis. all as the september jobs report raise new concerns about the directions of the economy and a potential recession. we have fox news team live coverage, lucas tomlinson is with president biden in delaware. but first, let s go to trey yints on that major blow on that long bridge to cry crimea that that is basically that has basically been taken out of commission. how will it affect supply lines, treysome. reporter: eric, good afternoon. a massive explosion if early this morning destroyed the only bridge between russia and crimea, something that will certainly affect those supply lines. the blast decimating the car and train por
time for the midterm elections. white house is calling opec s decision short sighted look at alternatives to wall street to reporting the administration is preparing to ease sanctions on venezuela and its dictator nicholas in an effort to increase the supply of oil on the market. let s bring in our panel also journal columnist kempster also, editorial board members kyle peterson. so why did saudi arabia make this a judgment after all the president had gone to the country earlier this year to try to persuade the crown prince there to produce more oil. now they are going in the opposite direction, what happened? from saudi arabia s perspective you have to consider they are looking at two factors. once the long-term alliance with the united states and hopefully try to keep that altogether. but they also have to look at their bottom line. and frankly, if you look at the signal sediment coming from all corners of the economy recently it looks like a 20 a pretty major slowdown la
French president obama is in china to drum up new business and blow the trumpet for free trade accompanied by other e. U. Leaders he met his chinese counterpart xi jinping at a vast fair in shanghai against the backdrop of a trade war between washington and beijing. At the International Import expo in shanghai my call and she raised a glass to global trade but behind the bar now many are deeper efforts to ease the tensions stifling Global Commerce the e. U. Wants china to open its markets further despite repeated promises of reforms European Companies are still disadvantaged in china now. Creating new balance links requires that Chinese Market access procedures be accelerated to make more transparent to enable Foreign Companies especially innovative ones to establish themselves in china with confidence. Of the question. She repeated his mantra about globalisation and opening up Chinese Markets to foreign
investment but he offered no new initiatives to ease trade tensions with washingto
dividend income from saudi aramco to fund some of the major infrastructure projects which are spearheaded by crown prince mohammed built some bond. these are vital for driving the economy with oil, so this is why it is notjust the oil industry but also the saudi , ., , saudi inaudible, who will be kee - in: saudi inaudible, who will be keein: a saudi inaudible, who will be keeping a close saudi inaudible, who will be keeping a close watch - saudi inaudible, who will be keeping a close watch on - saudi inaudible, who will be keeping a close watch on the| keeping a close watch on the earnings released on thursday morning. joining me now is dr carole nakhle, chief executive of advisers crystol energy. welcome to the programme. what are you expecting aramco to reveal today? are you expecting aramco to reveal today? are you expecting aramco to reveal toda ? ,., ., ., revealtoday? good morning, we ma not revealtoday? good morning, we may not exoeet revealtoday? good morning, we may