Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
North of beirut, where again, an israeli strike this morning has targeted, we are told, a senior Hezbollah Commander in the north of the country. We had seen pictures of members of the north Lebanese Red Cross searching through the rubble for survivors from the early morning attack. We saw this morning attack. We saw this morning in the early hourS People in Tel Aviv waking up to the news that hezbollah had targeted israels biggest most populous city with a Ballistic Missile. It is the first time that one of those really scaled up that one of those really scaled up weapons has been used in this conflict. It has clearly been used to send a message by hezbollah that even after several days of fierce israeli strikes, hezbollah wants to show it still has the capacity to strike back inside israel. Just want to show you this footage from the event earlier in the day. You can clearly see and hear the sound of the Air Raid sirens in this footage, which shows the missile just after it was inter
Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
Such as bluetooth, as well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world s two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30 percent pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The planemaker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. Indian prime minister narendra modi has wrapped up a three day trip to
and in cyprus, farmers blocked the entrance to the european union s offices in nicosia, on thursday. there were also demonstrations in bulgaria. and more tractor protests across spain, for the third day in a row with farmers disrupting traffic in barcelona, and in smaller cities all over the country. jos ubels is a cattle farmer in the netherlands and vice president of the farmers defence force. he told us why he s unhappy with the eu s agricultural rules. well, first of all, of course, it s the administration, bureaucracy. many people don t know, but the european union tells us what to sow, what to harvest on our fields and when to sow it and when to harvest it and they are checking this with live satellite imagery every three days all over europe. so we re being watched by european union from the satellites every three days. they invent legislation to prevent climate change or whatever, but they don t invent rules that change things for the better. we, as practicing farme