is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don t really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point market. we have reached the halfway point of market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has already show
normally would have people fearful the federal reserve will be inclined to start hiking rates again in the face of this. again, that was not a worry for the markets. maybe with a strong jobs report, there s a lot less worry about a decision and a lot more hope that we could dodge one altogether. welcome. i m neil cavuto. because you ve got that juxtaposed against republican candidates criss-crossing battle ground states talking about how awful things are. we re following the principals and how the economy is going and the debt ceiling package and relief that we have a package and avoided default fed into this rally today. let s go to rich edson in pella, iowa. how that is going down there. rich? good afternoon, neil. got a couple of republican candidates in iowa today. many more coming tomorrow for senator joni ernst s roast and ride in des moines about an hour drive from pella. governor ron desantis will be at that roast and ride event. he s finishing up a full day of camp
The forecast. Also tonight, pomp and protest. University graduations nationwide disrupted over gaza. With no breakthrough yet in Mideast Negotiations for a new ceasefire and hostage release im Ramey Ensenseio in tel aviv. Cbs confirms that the israel ceasefire talks are on the verge of collapse. As political pressure on President Biden builds. Im skylar henry at the white house. With six months until election day, the president facing fury on several fronts. And controversial book. South dakota governor kristi noem defends her words and actions. I made a difficult choice. Youre a mother two and you have little kiddos. Would you make a choice between your children and a dangerous animal . Countdown to launch. Boeing ready to send humans into space after years of delays. And later, he fled war to find peace. Now a student from ukraine is headed to the one of the most prestigious Music Schools in the country. Announcer this is the Cbs Weekend News from new york with je rica duncan. Good e
Pointed to those factors, i think i am being more optimistic going into h2 of this year because i think inflation will come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. fire to pboc over in china. are auoin to pboc over in china. are going to to pboc over in china. are going to try to pboc over in china. are going to try to to pboc over in china. are going to try to buy - to pboc over in china. are going to try to buy the latest data showed travel spending during the dragon boat festival fell short of tourism levels. it was about 90% of what was recorded in 2019 even though more chips were made. we were seeing signs of a slowdown in the chinese economy is notjust over consumer levels. earlier i spoke tojulia evans pritchard who gave us his outlook for china for 2023. who gave us his outlook for china for 2023. well,
neil: so many jobs for kids, teenagers, and the like, but still feel taking them up on. olivia who has more on that phenomenon in seaside heights, new jersey. olivia? hey there, neil. new jersey is expecting to see tourism levels that surpass this year that surpass the levels that we saw in 2019. that is great news for the state, but it is putting some pressure on businesses and destination cities like seaside heights because businesses tell us they do not have the seasonal workers they need so now new jersey is trying to help, the state, one of a handful of states enacting some changes to child labor laws. they are letting teenagers, 16 and 17 years old, work enough hours in a week to give some extra boost to businesses that need help. listen to this.