11 00 here in los angeles. This is americas late News Fox News At Night. Breaking tonight we are 59 minutes away from by all accounts what could be a crippling strike by Port Workers along the east on the Gulf Coasd become the most disruptive strike to the u. S. Economy in decades. Potentially costing 5 Billion a day with very few indications that a deal might happen in the next hour. The pro Union President does not seem all of that bothered. When you intervene in a strike and they go on strike as you said . No. Trace not it is the secretary of commerce. Where have you been focused. Hearing what would happen if the strike goes on longer than a week . Again. I have not been very focused on that. If you wanted to have me back as Commerce Secretary later in the week maybe we could talk about that. But as i said i have not been particularly involved. Trace in the meantime much of the self is reeling from the devastating effects of Hurricane Helene. Vice president harris heading west to Sa
On mortgage takers and also removal of purchase restrictions in some of china s largest cities. Finally, we have not seen it yet but it is very likely that they are likely to have another round of fiscal stimulus. Likely to have another round of fiscalstimulus. I likely to have another round of fiscal stimulus. I will say that this is something that we have not seen in a few years, ever since the global financial crisis. I think it is a clear message that the government is willing to increase support for economic growth. Talking of efforts to try and reboot growth. Thailand will start handing out $300 to every citizen part of a $14 billion stimulus package. The scheme has been criticised by economists, including two former central bank governors who say it is fiscally irresponsible. The government rejects that, but has struggled to find sources of funding. Japan s incoming prime minister has signalled continuity over the weekend as he makes key cabinet picks. Shigeru ishiba won an
Also the removal of the purchased restrictions in some of chinas largest cities. Finally, we havent seen it yet but it is very likely that it is likely to rule out another round of fiscal stimulus. So this is, i will say that this is something we havent seen in a couple of years, since the early 20105 after the financial project, its a clear message that the government is willing to increase its support for the economic growth and people 5 confidence. You mention two other arrow5, confidence. You mention two otherarrows, it confidence. You mention two other arrow5, it does have a target of 5 growth for this year. Achieving 5 growth, it is already at the later stages of the year and looks like the growth in the first quarter will probablyjust 4. 6 or 4. 7 and you need a lot more effort to really hit that growth target. Talking of efforts to try and reboot growth, thailand will start handing out 300 to every Citizen Part of a 14 Billion stimulus package. The scheme has been criticised b
One of lifes most underappreciated talents is to know when its time to move on to lives next chapter. So i stand before you today, was a president , and my colleagues, to say this will be my last term as republican leader of the senate. For more on both mcconnell s stepping down and the spending deal, heres our north america correspondent, gary odonoghue. After repeated attempts to get a spending agreement, it does look like leadership in congress from both sides of at least reached a partial agreement on some other Spending Bills that they have been arguing about. It looks now in the next couple of days that resolutions were put through senate and the House Of Representatives to extend one of the deadlines until next friday by which time they will pass Spending Bills on six separate departments. They havent reached an agreement on the other six departments but they are going to push the deadline for that back until march 22 so in some ways, this is progress being made and in some ways
Richest man, Mukesh Ambani mix it mixing that with the huge presence that disney has, there, means it is a huge disrupter for that sector, and itll probably be subject to Regulatory Approval because of that. Lets turn to the us, where its economy grew at an annual pace of 3. 2 from october through december. That figure is less than the commerce departments initial estimate. But Consumer Spending grew by 3 in the same period. Strong exports also contributed to Fourth Quarter growth. From the worlds biggest economy to the worlds Fastest Growing economy indias latest gdp figures are due out later today. The south asian country experienced an impressive first half of 2023. But its growth is expected to have slowed down in the last three months. The bbc S Archana Shukla explains. After an impressive first half of the year, Economic Growth is expected to slow down in the october to december quarter. What is taking it down is a slowdown in industries, uneven Weather Patterns that have affecte