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As the us exchanges open here in new york. Lets cross live now to Shams Afzal, Managing Director at carnegie investment counsel. Of course, in the last hour, we had that adp data out. How are the markets reacting to this . I think this number, as well as tomorrows total data will probably not change the narrative that has been set already that the Jobs Market has softened quite a bit compared to a year ago. I think the more important data that came out earlier showed the number ofjobs available. If number of jobs available. If you number ofjobs available. If you went back to february 2023, there were almost two jobs open every Wedding Work out there, now that number has shrunk to every 1. 1 jobs to every willing work out there. They are finally getting these numbers so this put the Rate Cut Regime very much intact ....
To the end of august. Im nowjoined by our North America Business correspondent ritika gupta. We are having some technical problems. Bearwith we are having some technical problems. Bear with us a second, hopefully well be able to get her to talk about these usjobs numbers because they have come in under expected and thatis have come in under expected and that is fuelling concerns about a recession as well. So the economic health of the us, which of the worlds largest economy is under some doubt at the moment. We are still having some problems there. Sorry about that, we had some technical issues. What does this tell us about the late market in the us . This tell us about the late market in the us . This was a Surrise Market in the us . This was a surprise to market in the us . This was a surprise to the market in the us . This was a surprise to the downside, market in the us ....
Will go further. I will commit as Prime Minister to spend 3 of gdp on defence. Because you cannot penny pinch your way to peace. Security is delivered through strength, by planning for the worst, not hoping for the best. We will send a signal to our enemies and our allies alike that The Uk is prepared, that we will not leave the field. Just to put that commitment in perspective, we currently spend less than 2. 5 of our gdp on defence, but ten times that much on our health system, Welfare System and on pensions. Keir starmer says that we cannot afford to spend more on defence. I say we cannot afford not to. The second major challenge that faces us is global migration. We must restore our credibility on this issue, to win back the voters that switch to reform, the lib dems, Labour And those that stayed at home. As Home Secretary i ....