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a new conservative government. the international edition of the financial times focuses on the uk leader reshuffling his cabinet. jeremy hunt and james cleverly remain, respectively, as chancellor of the exchequer and foreign secretary. the guardian calls the prime minister s reshuffle a gamble, referencing suella braverman s return as home secretary after being sacked from the role due to a security breach less than a week ago. the express reports on mr sunak s solemn tone in his first speech as british premier, vowing to earn the nation s trust. refusing to smile when they were shouting out for him to do so. mistakes were made, i ll fix them is the headline in the telegraph, referencing the last tory government s mini budget which spooked global markets. let s start. welcome to you both. a lot to get through, and so many elements, in terms of who is out, who is in, is this continuity, is this unity? claire delest to start with the ft. sunak confronts prolonged crisi ....
sources who have read it. there is debate on how serious to take this intelligence. is it a further sign of russian desperation and cause for their concern? or are these discussions being taken out of context? on cnn earlier tonight, top white house security official john kirby reacted to the latest u.s. intelligence report. there are lots of levels of concern, a heightened concern, about what is going on in ukraine right now that gives us cause to continue to closely monitor as best we can, russia s nuclear capabilities. now the intelligence report says that vladimir putin was not part of these talks. but putin has publicly dangled the prospect of using a nuclear device for months. today, russia s ministry of foreign affairs put out a statement, perhaps to try to ease fears that it remains kremlin policy to only use nuclear arms in a defensive response, declaring, quote, that a nuclear war cannot be won and must never be fought. also, today putin announced he must ....
business with moscow. so is there a financial consequence to not taking a side? i m going to be discussing all of that with these two. there they are. a former uk diplomat and adviser to the prime minister and a renowned indian economist with the ear of the modi government. also on the show, global interest rates, they are on the rise in response to rampant inflation. but is it all too little, too late in the face of soaring prices? i m going to be speaking to a former chief economist at the us treasury to find out. wherever you arejoining me from around the world, once again, a big hello, and a warm welcome to the show. you know, since russia invaded ukraine, the western world, led by the us, has responded with a raft of sanctions looking to halt the kremlin war machine and stop the conflict. the war and the sanctions have had a huge impact on the global economy, with widespread inflation driven by soaring energy and food costs leading to warnings millions are at risk ....
here in london, finishing at around six o clock this evening, the parade, and partying well into the night. now it s time for a look at the weather. hello. today is bringing some sunny spells, yes. but also some big shower clouds bubbling up in the sky. some of those showers will continue to be heavy and thundery. more generally cloudy and rather wet weather in the northern half of scotland and this little band of rain approaching the south east corner, although it won t arrive across parts of kent until we get into the evening. temperatures 16 21 degrees, but we will see some showery rain into the far south east later on. then, overnight, most places will be dry, but we will see some more showers feeding back into northern and western scotland and northern ireland on a strengthening breeze. that breeze will be a feature of the weather across the northern half of the uk during tomorrow. there will be showers around again but probably not as many as we have today. still ....
it. inflation, it is zapping the strength of a lot of families. that inflation hit 8.6% last month, highest rate since 1981. majority of americans weren t even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is that it cools down inflation overall. right now on wall street you re seeing a little bit of optimism here heading into this final fed decision here. in overseas market, mixed performance in asia and europe has opened higher this morning. this is a perfect day to talk to greg mcbride from bankrate.com, he knows something about interest rates, all kinds of different rates. hi, greg, how are you? good morning, christine, great to be with you again. so this rate hlike we re expecting, 75 basis ....