And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch
In the 90s and early noughties. This comes hot off the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling down more 14 in the year tojuly. But domestic demand is down, too, with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation. Things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to
As it could have been, certainly not as restrictive as the rumours suggested it would be when the Administration First announced announced it was considering Something Like this. You know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50 of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. And that is far more narrow than we couldve seen because last october, the administration talked about a broader range of industries that were National Security sensitive and would require either Export Controls or some sort of investment restriction, or both. As michelle mentioned, businesses get a say in this what kind of reaction are you expecting from American Companies . Well, American Companies that have been investing in these will not like this and will push back, and try to seek implementation that is as narrow as possible. Itll be a back and forth conversation, im sure, and ultimately the a
Greg all right thank you thank you, thank you. Thank you, sir. So happy, february 29th. Its a date that only happens once every four years. He reminds me to change my sheets [laughter] its often said that life is like a crap sandwich. The more bread you have, the less crap youve got to eat. But in Gavin Gavin Newsom california, they mean it literally. They mandated a higher minimum wage for Fast Food Restaurants, raising it from 16 to 20 an hour. But it offers an Odd Exemption for chains that bake bread and sell it as a standalone item. Why . What difference does that make . Why shouldnt a restaurant bakery be subject to the same laws as Everybody Else . Is the bakers union that powerful . If you cross them, lee lined up with the pillsbury dough boys head in your bed . No one will say. But according to a new Bloomberg News report, newsome pushed for the Bread Exemption to help a long Time Campaign donor, billionaire greg flynn, who happens to own a bunch of panera breads. I know you kn
Greg all right thank you thank you, thank you. Thank you, sir. So happy, february 29th. Its a date that only happens once every four years. He reminds me to change my sheets [laughter] its often said that life is like a crap sandwich. The more bread you have, the less crap youve got to eat. But in Gavin Gavin Newsom california, they mean it literally. They mandated a higher minimum wage for Fast Food Restaurants, raising it from 16 to 20 an hour. But it offers an Odd Exemption for chains that bake bread and sell it as a standalone item. Why . What difference does that make . Why shouldnt a restaurant bakery be subject to the same laws as Everybody Else . Is the bakers union that powerful . If you cross them, lee lined up with the pillsbury dough boys head in your bed . No one will say. But according to a new Bloomberg News report, newsome pushed for the Bread Exemption to help a long Time Campaign donor, billionaire greg flynn, who happens to own a bunch of panera breads. I know you kn