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Transcripts for BBCNEWS World Business Report 20220127 05:37:00

ou omicron variant search. thank you scott omicron variant search. thank you scott for omicron variant search. thank you scott for your omicron variant search. thank you scott for your thoughts i omicron variant search. thankl you scott for your thoughts and analysis and predictions there as well. analysis and predictions there as well. it s been another volatile session on wall street with an early bounce wiped out once fed chiefjerome powell started delivering his comments. let s get an investor s perspective on this these markets in asia are at 15 month flows currently and you can see japan is down over 3% and hong kong nearly 3% lower. look at the price of brent, down nearly 1% but 8960 a barrel. 89.6 a barrel. and to show you all street, we do not have the numbers there, sadly, but they did end the day slightly lower but they were considerably higher prior to jerome powell s press conference, recovering from the falls in the previous days. it has been a choppy week fo

Transcripts for BBCNEWS World Business Report 20220127 05:36:00

will impact the economy as well. ., ., ~ , ., well. jerome powell kept going back to the well. jerome powell kept going back to the statement - well. jerome powell kept going back to the statement that - well. jerome powell kept going back to the statement that this i back to the statement that this is not much different economic expansion than the one the us had last time in the last few recoveries. he thinks it is a lot stronger today in the labour market is we have seen in the us in a0 years so he thinks that may take a little more monetary medicine to rein in inflation. i think it is a little tricky right now. we re going to come out very strong in the fourth quarter, we think, be over 7% gdp growth and in the first quarter things will slow down a lot. we are in receipt seem a services spending, slowing down, things like restaurant biz visits and travel and tourism coming down so we could slow to 1.5% gdp growth the first quarter but we are confident that the consumer and economi

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