we start today with the problem staring at us every time we go to the shops and look at our bank balance: the cost of living crisis. today we ll get the latest estimate of inflation here in the uk for the month of may. we ll go back to april to set the scene: inflation that month was running at 9%, the highest rate here in the uk for a0 years. looking into the future, the bank of england has warned inflation might exceed 11% later this year as the prices of fuel and food put pressure on household budgets. the response by the bank of england has been to raise the cost of borrowing. rates have recently been increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years. our business correspondent, emma simpson, has been speaking to the chairman of the supermarket chain asda, lord stuart rose he told her that his customers have been cutting back on their shopping. if you haven t got the money, i cannot eat. iii if you haven t got the mon
Cspan, where history unfos daily. In 1979 cspan was created as a Public Service by americas cabletelevision companies and is brought to you today by your cable or satellite provider. Up next an official with the International Energy agency on the future of coal. His organization is forecasting decreasing coal usage as use of Renewable Energy continues to increase. From the center for strategic and International Studies, this is about an hour and 15 minutes. Good afternoon my name is jane, and senior fellow with csis National Security program. Its my great honor to welcome peter fraser who is the head of gas coal in Power Markets Division for the International Energy agency based in paris. He is here to launch the call 2017 analysis and forecast of 2022, thats the thats the name of the publication. Cole has been the world dominant fuel for more than a century but its the future use has been under quite a bit of scrutiny today. The power sector, certainly i guess robust deployment of ren
Good afternoon. My name is jane nakano. Im senior fellow with csi energy and National Security program. And its my great honor to welcome peter fraser, who is the head of gas, coal Market Division for the International Energy agency based in paris hes here to launch the coal 2017 analysis and forecast of 2022. Thats the name of the publication. The coal has been the worlds dominant fuel for more than a century, but its future use has been under quite a bit of scrutiny today. In the power sector, certainly, i guess the robust deployment of renewables then combined with the cheap gas, particularly in north america, have been putting quite a bit of pressure on coal Power Generation. So the ieas coal 2017 is one of the ieas signature publications, and its previously known as the midterm coal Market Report. This report provides comprehensive analysis of recent trends and forecasts of 2022. In demand supply and trade, not only at the global level but at the regional level as well. And peters
Good afternoon. Im senior fellow with National Security program. Its my great honor to welcome Peter Frazier who is the head of gas, coal for the International Energy agency. He is here to launch the coal 2017 coal has been the worlds dominant fuel for a century. Certainly the robust deployment of renewables but then combined with the cheap gas and has been putting quite a bit of pressure on the generation. So the coal 2017 is one of the ieas signature publications. Its previously known as a midterm coal Market Report. It provides comprehensive analysis heater is here to walk us through some of the analysis and help us better understand where the markets are headed to in the near to midfuture, i guess through 2022. Previously between 1998 and 2004 he was a senior electricity policy adviser. This is his second tour. In between peter worked at the Ontario Energy board. From 1989 to 98 he was an Energy Policy adviser at the ontario ministry. It is with my great pleasure. He will speak for
U. S. Equity futures this hour, lets show you whats going on, suggesting a flat open s p opening lower 1 1 2 points, the dow slightly lower and the nasdaq lower by four overnight in asia, quiet session around the world, generally. Hang seng higher over 1. 5 , but t shanghai was lower european equities. The dax is higher by 0. 25 france and the ftse slightly lower. Italys higher by a third and spain is lower by 0. 25 . Their yields are backing up over there once again that has resumed take a look at crude wtis lower by 20 cents, a decline of 0. 5 , 44. 15. If youd like crude delivered in august pepsico just out with Quarterly Results. Sara eisen has the numbers 10 cents above on earnings, i see, sara. Sure looks like a big beat. Eps 1. 50, versus the 1. 40 expected it includes a 6cent gain from a sale, but its an estimate, so its unclear whether that factored into the analyst forecast, but either way, a beat on the profit line, a beat on revenues as well for pepsico, 15. 7 billion. The