let s get down to business and we begin with global markets after us stocks suffered with losses since may, they are now positioning themselves with more central bank action to calm inflation. commodity prices have been rising rapidly in days and this time yesterday brent crude, the international oil benchmark was trading above $80 a barrel since the first time since october 2018. having a look at street, you can see that the nasdaq was down almost 3%, the broadest market, the s&p 500 down over two and elsewhere, the price of oil has come off a little bit, down 1.5%, asian trading at happening at the moment and as you can see, it followed the trend. down 2.5%. the price of all has come off quite a bit, bringing relief to the fears about commodity prices, currently $77 a barrel but this time yesterday, above 80. let s talk to the chief market analyst with scope markets. good morning, another rocky ride for global markets? absolutely. this has been coming in when you look at th
live from our studio in singapore, this is bbc news. it s newsday. it s 6am in the morning here in singapore and 3pm in the afternoon in los angeles, where a court hearing is taking place that could bring an end to britney spears conservatorship, a legal arrangement that prevents the troubled singer having control of her life. after much public controversy, the spears family all now seem to agree the conservatorship should end. but how to do it and what role, if any, britney s father james spears should play will depend on thejudge s ruling. i m joined now by sophie long live in los angeles. outside the courthouse right now. sophie, in the first instance, what are we expecting to hear today? what is happening right now? i am are we expecting to hear today? what is happening right now? is happening right now? i am afraid he cannot hear is happening right now? i am afraid he cannot hear you is happening right now? i am afraid he cannot hear you very is happening right no
let s get down to business. as you have been hearing, here in the uk emergency measures are in place with the army ready to help ease your supply problems after a fourth day of long queues and pump closures. doctors and home care staff have called for essential workers to be given priority for fuel until petrol stations are back on track. in europe, politicians say the uk is finally feeling the economic impact of brexit, and its supply chain is broken. the uk government argues the lack of lorry drivers is due to closures during the pandemic. bodies in the uk have been calling for action for month saying the government has been far too late in its response. the secretary general of the international chamber of the commerce uk joins international chamber of the commerce ukjoins me now. good morning to you. what is your take on why we are where we are? it take on why we are where we are? , are? it is universal frustration - are? it is universal frustration from i are? it is univ