Expert rajiv biswas, who explained the Economic Impact of these floods. Of these floods. Well if flooding of these floods. Well if flooding so of these floods. Well if flooding so for of these floods. Well if flooding so for any of these floods. Well if i flooding so for any month of these floods. Well if flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as droughts. Last year china was also hit by very severe drought. So what were seeing increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we are seeing at present in china and in recent years and there is a lot of concern that as Global Temperatures rise further towards that globa
2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. 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 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, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
Understand that he has the opportunity to appear either virtually or in thursday. That was granted in the last two arraignments. We understand that thejudge will arraignments. We understand that the judge will decide which one it is. But given that mr trump has appeared in person for the last two, it is probably likely that he will appear in person for this indictment. He tends to use them, as weve seen previously, as part of his campaign. And we are seeing his republican allies really rally around him. And in some ways, they are ramping up the rhetoric to defend him. Some of them are calling for the special prosecutions investigation to be defunded. They are saying that donald trump cant get a fair trial in dc. Of course, its being held here, the scene of the alleged crime because it is a left leaning city. They refer to it as the swamp. But remember, Donald Trumps second indictment, which is in florida. The trial will take place there. Florida is his home state. Its also a republican
This is a very sad day for america. And it was also very sad driving through washington, dc and seeing the filth and the decay and all of the broken buildings and walls and the graffiti. This is not the place that i left. Its a very sad thing to see it. When you look at whats happening, this is a persecution of a political opponent. This was never supposed to happen in america. This is the persecution of the person thats leading by very, very substantial numbers in the republican primary and leading biden by a lot. So, if you cant beat him, you persecute him or you prosecute him. We cant let this happen in america. Thank you very much. Earlier, my colleague Sumi Somaskanda spoke to former congresswoman stephanie murphy. She served as a democratic representative for the State Of Florida and also worked on the House Select Committee to investigate the january 6th attack. Thank you so much forjoining us. Firstly, you served on the january Six Committee in the house of representatives. At
Notice, blaming the stand off over the debt ceiling which was ultimately lifted any last minute bipartisan deal. The feud was cited by fitch is one of the reasons for the downgrade. Make no mistake, this is a major black eye for america. The us treasury, essentially government ious are seen as the bedrock of the Global Financial system. Fitch is essentially pointing out there is an erosion of trust in american leadership. Given the death and perceived safety of us treasuries, this downgrade is not likely to change its role in the financial system. Likely to change its role in the financialsystem. It likely to change its role in the financial system. It could, likely to change its role in the financialsystem. It could, however, make it potentially harder and more expensive for the government to borrow in the future. Right now the Us Government owes 30 trillion in debt. Fitch is highlighting that the Us Government has too much debt doesnt have a way to bring it down. And at washington at