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sir salman rushdie, who s now on a ventilator, after being stabbed on stage in the us state of new york. more extreme heat is expected in the southern half of the uk over the next two days. that, as experts also warn england s drought could last into the next year. travel disruption after thousands of train drivers from nine rail companies go on strike across the uk today. it s the latest walk out in a row over pay and conditions. now on bbc news talking business with aaron heslehurst. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. they re the most powerful group of shoppers in the world. but can the american consumer save the world from recession as gas prices, food prices and interest rates rise? i m going to be taking the temperature of the american shopper and ask if it s still true that when america sneezes, the world catches a cold. i m going to be discussing all of that w ....
It will in fact be a recession as a result. and now that i know that it s going to be a recession as a ceo, i must then bulletproof my business against that, which means that i m going to ratchet back capital spending and so forth, and i m going to increase my liquidity. and that s what then helps to create this spin in a recession and actually can make it worse. and as we know, steve, is it still true that when america sneezes, the world gets a cold? well, we sit here, so how do we know? but look, i think that the american economy is still, what, 25% of the global economy. china is concerning to the economy right now it s an important part of the economy. it s their worlds manufacturing site and supply chain ....