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Okay, here we are, it is 9 00 p. M. On the west coast, and i am jen psaki, and the midnight shift is the best shift to talk politics here at that time big table to break down everything that happened tonight. Were going to learn more tonight, too, and we do have a lot to talk about, because results from 16 states ask one territory, dont forget that one, just brought us one big step closer to a General Election rematch between President Joe Biden and donald trump, and trump has unsurprisingly won a bunch of states bringing his total degrees to 900, so if we take a look at trump with the numbers, to catch everyone, four indictments, 91 criminal charges, two impeachments and on the democratic side, President Biden has swept every state so far and to jp, and another frontrunner that hit the magic number, those that n ....
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been h ....
interest payments some of which are linked to inflation. let s get this in perspective though the uk s national debt is at record levels. it owes £2.69 trillion. that is almost the size of the uk economy the so called debt to gdp ratio is around 97.7%. that is a useful guide to how affordable the debt is for a country. the chancellor has pledged to get that ratio down. the uk s far better off than some of its neighbours though italy s debt to gdp is around 140%. but if we look at germany s that s is only around 65%. but if we look at germany s that s only around 65%. staying in the uk where aside from talk of potential tax cuts there are stark warnings that 2 million people could have their gas and electricity cut off this winter because they can t afford to top up their prepayment meter. that comes from the charity the citizens advice bureau as cost of living pressure continue to bite for many. joining me now is the report author alex belsham harri ....
they were looking to salvage a terrible financial performance that it has been seen, but also for sony, which is also really facing stiff competition right now in the indian market from the likes of amazon, netflix as well as a potential merger between disney and reliance industries. these two giants were looking to come together and consolidate their presence against this competition, but of course it has now fallen through because there was no consensus it has been said between the two companies and who would lead the merged entity. zee of course wanted its current loss to be leading it. sorry of course had reservations about that because of a number of corporate governance cases that have been pending against him. so despite nearly two years of negotiations and a 30 day grace period, the deal has now fallen through. it doesn t look like this is the end because sony is now seeking a $90 million termination fee and zee has said it will go to the courts as well. we will ....
us and british forces have carried out another wave of strikes against houthi targets in yemen. it s the latest action against the iranian backed group, which has been attacking commercial shipping in the red sea in response to israel s war against hamas. president biden and the british prime minister rishi sunak have been discussing the crisis on the phone. our defence correspondent jonathan beale gave us this update. remember, this is the second time that this co ordinated action has taken place. it happened ten days ago when british jets happened ten days ago when britishjets in cyprus, which i think probably would have been involved again, took part with american leader strikes against the houthi, specifically going against, control and also size where they have been storing, manufacturing drones and missiles, which they had been using to target merchant shipping in the red sea. the hope was that the initial set of strikes on 12 january would stop them but they have ....