the the 'ob that the cbi does. the cbi the job that the cbi does.ent has been a pretty fractious one. we had the famous one, borisjohnson saint f business, and the hampton court summit for business. where are we currently? it business. where are we currently?— business. where are we currently? business. where are we currentl ? ., ., currently? if you go back a few ears, currently? if you go back a few years. when — currently? if you go back a few years. when mr _ currently? if you go back a few years, when mr corbin - currently? if you go back a few years, when mr corbin was - years, when mr corbin was running the labour party, it was clearly an environment in which the labour party was pretty antipathetic to our business and we now see a situation which probably has not happened since tony blair when you have both the conservative and labour party explicitly recognising the importance of business in getting growth going and creating the wealth and then deliver the public services so from that point of view, it is actually in a pretty good place. ac

,, ., , the business organisation of the cbi. ,, ,, ., , ,, ., cbi. speak to want to see — cbi. the business leaders i speak to want to see stability _ cbi. the business leaders i speak to want to see stability and _ cbi. the business leaders i speak to want to see stability and certainty. i want to see stability and certainty. they really— want to see stability and certainty. they really want to see a clear commitment from all parties to decarbonising our economy. is this stability uncertainty? _ decarbonising our economy. is this stability uncertainty? nothing - decarbonising our economy. is this stability uncertainty? nothing i- stability uncertainty? nothing i have ut stability uncertainty? nothing i have put on — stability uncertainty? nothing i have put on the _ stability uncertainty? nothing i have put on the table, - stability uncertainty? nothing i have put on the table, when i i stability uncertainty? nothing i- have put on the table, when i have talked a business about what we are going to do, is coming off the table. everything in the warm

we now hear the cbi has settled that legal action, the cbi board has agreed an undisclosed settlementer is not associated in any way with the historical allegations reported in the media concerning matters which pre—date his tenure at the cbi and rejects any such association." here in the uk, a reward of up to £20,000 is being offered for information leading to the arrest of a man suspected of carrying out a chemical attack on a mum and her daughters in south london. police say they believe people who know where abdul ezedi is have yet to come forward, as a nationwide manhunt enters its fifth day. a woman who rescued one of the daughters during the attack has spoken to the bbc about the moment she intervened. ijust run i just run outside ijust run outside and as soon as i got outside it was like, what am i stepping into? iwas got outside it was like, what am i stepping into? i was shocked, got outside it was like, what am i stepping into? iwas shocked, i kinda froze and it was hard take in what i had just seen. obviously, once i gathered kind of what was going on, it was straightaway,

this quote from the cbi...terates that mr danker is not associated in any way with the historical allegations reported in the media concerning matters which pre—date his tenure at the cbi and rejects any such association." we will have more on that for you as it comes in. here in the uk, a reward of up to £20,000 is being offered for information leading to the arrest of a man suspected of carrying out a chemical attack on a mum and her daughters in south london. police say they believe people who know where abdul ezedi is have yet to come forward, as a nationwide manhunt enters its fifth day. a woman who rescued one of the daughters during the attack has spoken to the bbc about the moment she intervened. and ijust ran outside. and as soon as i ran outside, it was like, "whoa, what am i stepping into?" it was like, shock. the first thing i saw, ijust kind of froze and it was kind of hard to take in what i'd just seen. and then, obviously, once i gathered kind of what was going on, it was like straight away, i ne

the cbi did not say that 28 billion is a number— about. - about. the cbi did not say that 28 billion is a number that we know. about. the cbi did not say that 28 l billion is a number that we know for sure is— billion is a number that we know for sure is the — billion is a number that we know for sure is the number required. was the number was — sure is the number required. was the number was a — sure is the number required. was the number was a mistake? _ sure is the number required. was the number was a mistake? of— sure is the number required. was the number was a mistake? of course - sure is the number required. was the | number was a mistake? of course and the should number was a mistake? of course and they should have _ number was a mistake? of course and they should have got _ number was a mistake? of course and they should have got off _ number was a mistake? of course and they should have got off it _ number was a mistake? of course and they should have got off it in - they should have got off it in october— they should have got o

that the uk needs a body that does the job that the cbi does.ears has been a pretty fractious one. you will of course find people who are fine without it so it won't surprise me but you have spoken to one, i don't know how many, i spoke to 20 or 30 in the vast majority of them are hugely supportive and want to come back. some will say they'll come back immediately and some say later in the year. the come back immediately and some say later in the year.— later in the year. the relationship with the current _ later in the year. the relationship with the current government - later in the year. the relationshipj with the current government over later in the year. the relationship - with the current government over the last several years has been a pretty fractious one. we have famously remembered borisjohnson saying f business. and on the other hand, rishi sunak having big hampton court summits of investment in the uk. where are we? where is the voice of business in the current political discourse? if business in the current political discourse?— di

in other news: the cbi business group has settled legal action brought by its former boss tony danker effect in 2023 following complaints about his behaviour. the lobby group, which claims to represent the interests of 170,000 businesses across the uk, confirmed it had agreed an "undisclosed settlement" with its former director—general. in a statement it also says mr danker "is not associated in any way with the historical allegations reported in the media." the boss of emirates airlines has warned boeing is in the "last chance saloon", saying he had seen a "progressive decline" in its performance. the comments to the financial times come as boeing admitted it will have to re—do work on about 50 undelivered 737 max airplanes — potentially delaying deliveries. the problem arose after its supplier spirit aerosystems discovered two mis—drilled holes on some fuselages. donald trump has told fox news he would reimpose tariffs on china that could exceed 60% if he were re—elected to the white house. when asked if he would start another trade war with beijing, trump shrugged it off, saying pr

revisions tend to be very small for cbi.year, the revisions -- chair powell, for the first time, said there was welcome news on inflation. then we got the revisions, and it revised up cbi by 120 basis points. all of a sudden, inflation was 1.2% higher than we thought. then you got two cbi prints after that that surprise to the upside. it was a complete game change to the fed, who thought we were drifting to the end of the hiking cycle. we do not expect this to be a big number. we think that was a big adjustment. we will be back to something in historical range. but the fed does not know. when there is uncertainty at the fed, it creates policy paralysis. it is difficult to get consensus on starting cuts soon when you have not seen the full scale of data get. lisa: which raises the question, and we keep asking it -- and i am sorry we will have to ask you to -- how high is the bar to cut in march? ellen: instead of focusing on today, i would say the two jobs reports we get before march, an average of 50,000 over those two month

in other news, the cbi business group has settled legal action brought by its former boss tony dankerked with immediate effect in 2023 following complaints about his behaviour. the lobby group, which claims to represent the interests of 170,000 businesses across the uk, confirmed it had agreed an "undisclosed settlement" with its former director—general. in a statement, it also says mr danker "is not associated in any way with the historical allegations reported in the media". the boss of emirates airlines has warned boeing is in the "last chance saloon", saying he had seen a "progressive decline" in its performance. the comments to the financial times come as boeing admitted it will have to re—do work on about 50 undelivered 737 max airplanes, potentially delaying deliveries. the problem arose after its supplier spirit aerosystems discovered two mis—drilled holes on some fuselages. donald trump has told fox news he would reimpose tariffs on china that could exceed 60% if he were re—elected to the white house. when asked if he would start another trade war with beijing, trump shrugged

some people are saying in response to what you say, starting first with the business organisation, the cbii speak to want to see stability and certainty. they really want to see a clear commitment from all parties to decarbonising our economy. is this really stability and certainty? nothing that i've put on the table, that i've talked to business about what we are going to do, is coming off the table. everything apart from the warm homes plan is exactly the same sum of money as we originally said, so that certainty is there. i understand why business want that certainty and that's why i want those commitments to stay. so, this year is a tussle between you and rishi sunak as to who should be prime minister. here's what he's had to say today, in response to what you're doing. this was the flagship plank- of labour's economic policy and it now looks like he's trying to wriggle out of it. - i think it demonstrates exactly what i've been saying, - that he u—turns on major things, he can't say what he would do i differently because he doesn't have a plan. l he has a point, doesn't he? there is p

the business organisation — the cbi — says it's reached what it's called an "undisclosed settlement"l last year when complaints were made about his behaviour. he has admitted making staff uncomfortable — but denied sexual harassment. the prince of wales is to return to royal duties on wednesday for the first time since catherine had abdominal surgery last month. prince william will conduct an investiture at windsor castle before attending a fundraising gala in london in the evening. the princess of wales is recuperating at home after leaving hospital last week. rishi sunak has told leaders in northern ireland the real work starts now, as he travelled to stormont to mark the return of the power—sharing government. the new executive was formed on saturday, ending two years of political stalemate. the irish prime minister, leo varadkar, called the developments very positive. but leaders in the assembly have already demanded more money to fund public services. our ireland correspondent, chris page, reports. at daybreak, rishi sunak arrived at the plate where a new political dawn has appa

and the new head at the cbi talks to the bbc and says he believes companies who left the business grouphello if you have 'ust “oined us. . , hello if you have 'ust “oined we start with aviation and the crisis at boeing, because a preliminary report by the us national transportation safety board has revealed new details about the door plug that

leading to more buying activity, we don't have affordable housing or enough housing so you see the cbi print, shelter was up 4. 6%, contributed to the increase and that's the underlying fundamental of real estate, too many people in need of shelter, not enough, the prices going up or at least say hi. david: congresswoman barbara lee, she is now pushing for a $50 an hour minimum wage. it is a $2 -- what would a $50 minimum wage? >> i'm old enough to remember $1.25. the fact is why not $500 an hour, you are seeing - in california, the restaurant industry raising prices, shutting down and who's hurt the most? with less affordable food, hurts people with lower income so people need help the most are getting whacked the hardest. david: my first job was watching dishes in a restaurant. a lot of people, luke, steve, great to see you. to washington dc the senate passing a $95 billion package with aid for ukraine and israel but is it dead on arrival in the house? chad pergram has been counting votes on both sides. he is live on capitol hill with the latest. >> reporter: this was a big bipartisa

cbi and going to be poorer? and the british chambers commerce the british chambers of commerce have both and the former have both said, and the former head have we head of siemens have said we need investing , investing, need to be investing, investing, not on on the new not spending on on the new agenda if we're going to actually successfully expand the economy and compete internationally . internationally. >> but actually the thing that has made economies grow historically has been cheap energy. there is a supply of cheap energy. if we were to start fracking, the us economy has done very well on the basis of fracking and indeed lowers its emissions. of fracking and indeed lowers its emissions . wouldn't it be its emissions. wouldn't it be better to use a known proved technology rather than thinking that there is a new technology around the corner? well the tory government, you know, jacob, the tory government itself has admitted that any that is admitted that any gas that is produced in the uk will actually be

people are saying in response to what you've said, starting first with the business organisation the cbii speak to want to see stability and certainty. they really want to see a clear commitment from all parties to decarbonising our economy. is this really stability and certainty? nothing that i've put on the table, that i've talked to business about what we're going to do, is coming off the table. everything apart from the warm homes plan is exactly the same sum of money as we originally said. so that certainty is there. i understand why businesses want certainty, that's why i want those commitments to stay. so this year is a tussle between you and rishi sunak as to who should be prime minister. here's what he's had to say today in response to what you're doing. this was the flagship plank. of labour's economic policy, and it now looks like he's trying to wriggle out of it. _ i think it demonstrates exactly what i've been saying, - that he u—turns on major things, he can't say what he would do i differently because he doesn't have a plan. l he has a point, doesn't he, that there is plen

cbi and going to be poorer?bi and the british chambers commerce the british chambers of commerce have both and the former have both said, and the former head have we head of siemens have said we need investing , investing, need to be investing, investing, not on on the new not spending on on the new agenda if we're going to actually successfully expand the economy and compete internationally . internationally. >> but actually the thing that has made economies grow historically has been cheap energy. there is a supply of cheap energy. if we were to start fracking, the us economy has done very well on the basis of fracking and indeed lowers its emissions. of fracking and indeed lowers its emissions . wouldn't it be its emissions. wouldn't it be better to use a known proved technology rather than thinking that there is a new technology around the corner? well the tory government, you know, jacob, the tory government itself has admitted that any that is admitted that any gas that is produced in the uk will actually

you mentioned the retail number might have some seasonal factors as the biggest story is still cbi. >> inflation was a soft, suggesting the manufacturing sector is still under pressure, and that's going against the grain of what people have been thinking about, that there was a pickup in manufacturing. you're getting pockets of softness, getting mixed signals. we discussed some pockets of weakness in manufacturing, but broadly speaking, the labor market is still strong, and the fed has made it clear they will be careful about they want to be confident inflation is heading back to the 2% target, and given the strong inflation data we had earlier in the week, you have to say that sense of caution and reticence on their part to signal at least a near-term rate cut will continue until we get a material shift in the data. haidi: our global economics correspondent with a wrap up of the slate of data. let's bring in for some analysis when it comes to what this means for the markets a portfolio manager at milford asset management. always great to have you with us. pretty messy across the boar

the business organisation — the cbi — says it's reached what it's called an "undisclosed settlement"s behaviour. he has admitted making staff uncomfortable — but denied sexual harassment. the prince of wales is to return to royal duties on wednesday for the first time since his wife had abdominal surgery last month. prince william will conduct an investiture at windsor castle before attending a fundraising gala in london in the evening. the princess of wales is recuperating at home after leaving hospital last week. here in the uk, a former senior police officer has told the bbc that the man suspected of carrying out a chemical attack in south london last week, could be being hidden by someone. the hunt for abdul ezedi has entered its fifth day. a woman remains in hospital with injuries thought to be life—changing after the attack on wednesday. let's speak to our correspondent, charlie rose, at new scotland yard. it's been a long time now and in terms of developments they have been very little. terms of developments they have been ve little. : :, , terms of developments they have been

the business organisation, the cbi, says it's reached what it's called an "undisclosed settlement" withse after being sacked in april last year, when complaints were made about his behaviour. he has admitted making staff uncomfortable, but denied sexual harassment. the prince of wales is to return to royal duties on wednesday for the first time since catherine had abdominal surgery last month. prince william will conduct an investiture at windsor castle before attending a fundraising gala in london in the evening. the princess of wales is recuperating at home after leaving hospital last week. you're live with bbc news. turning to northern ireland now, where british pm rishi sunak and the irish prime minister — leo varadkar — have been visiting to mark the return of the power—sharing government at stormont. it is mr sunak�*s seventh visit as pm but the first in which northern ireland has had a fully—functioning government. this is the moment he was greeted by the new first minister, michelle 0'neill, from the nationalist party, sinn fein — and the deputy first minister, emma little penge

investors grappling with a big question after yesterday's hot cbi print.the soft landing scenario in jeopardy? let's ask eric was roger alton. it is good to have you on. welcome back. how about you answer that question. do we suddenly need to rethink this whole thing? >> first of all i will not try to imitate arnold in my answer. no, i do not think we need to rethink it, but i think this happens with markets. the narrative got ahead of itself and by that i mean there was a degree of price to perfection which as is usually the case, overdone. and if you think about it the narrative had developed completely on line 6 to 9 months ago when it was completely the opposite that growth was strong, labor markets are solid, inflation has sufficiently cooled, markets are at an all-time high and the job is done. and that level of perfection almost never happens in the real world. and so i don't think yesterday's inflation uptick derails that scenario. i just think it puts a degree of reality into it. and why would the fed take any risk of a premature easing? well, the

and this was weeks before the january cbi data emphasizing the risk of cutting rates too quickly and concern that inflation progress could stall. and also, seeing an upside inflation risk around every corner, in strong demand, in loosening financial conditions, and even in geopolitical risk. only a handful of committee members, if that, showed much concern at all with the recession, and that brought some criticism from wall street oxford economics writing, the odds of a policy error appear higher following the minutes there is significant disinflation in the pipeline if the central bank waits for clear signs that the labor market or the broader economy is deteriorating, it will be behind the curve. the chance of a may rate cut now trading at the lowest probability of the year, just 30%, with more confident bets now centered on june and july for that first rate cut. if the fed was this hawkish before that poor january inflation data, there's little doubt their positions have hardened from here, while many fed speakers note considerable inflation progress, doesn't seem to motivate them

we certainly wouldn't go out and buy the s&p 500 but when you look at cbi, ppi, those were nasty numbersr the federal reserve. and the market done really nothing but keep grinding higher for the most part. for us, we don't want to go out there and by the s&p 500, we don't want to go out there and by the russell 500, that is for sure. i think there's a few things under the hood that you can do. >> was it really nasty numbers coming out of the ppi and the cpi? obviously more that she wanted to see and there seems to be at least a hesitation in this inflation trend. but was it 2% year over year in the ppi? >> you can complain a lot about that. you are right. the trend in inflation is down. it is not going to move down in a linear fashion. there is going to be a few stumbles along the way. this is kind of a stall here but certainly we have confidence and i think that the market has a lot of confidence that inflation is going to keep crawling lower. that is why after a week like we have had, really, the s&p 500 will close pretty close to the all-time record high. i think the market is pretty

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that's the whole point of the cbi coming out with their reports saying to catch up saying we need to i get that not arguing that. arguing against that. >> the awful dilemma. >> but here's the awful dilemma. how like fairly how do people like james fairly earn a living ? earn a living? >> do you know what you look back in history and you say, okay, let's go back to the coal mines. and when they started to shut down and there's a big argument, oh, we need to keep them of because them because of because of livelihoods. look, livelihoods. and look, life moves on in. there's a transition that's got to happen from farming and it's moving on. you you heard from james and he's saying he's doing various things. think farmers things. i think more farmers need like that . um, and need to think like that. um, and there wouldn't be so many problems. but, you know, a lot of problems that they've of these problems that they've got stem from oil in actual fact, price oil, the fact, the price of oil, the price fertilisers, lack price of fertilisers, the lack of labour farms because of of labour in fa

that means taking on the cbi, big tory donors.ll. now universities go to the wall. now universities are often of universities are often ways of basically public basically laundering public subsidies for left behind towns with are with no other economy. there are all kinds of problems like and the knows this the the treasury knows this the problem conservatives have problem the conservatives have always had is that they have treated as if it's treated immigration as if it's something. it can be solved in isolation. you the home isolation. you put the home secretary say , tough secretary in, they say, tough stuff dealing with stuff about dealing with immigration. and the same immigration. and at the same time, treasury department time, the treasury department for for for education and department for business continuously lobby for higher want higher numbers. if you want to genuinely immigration higher numbers. if you want to genuthey immigration higher numbers. if you want to genuthe long immigration higher numbers. if you want to g

the feet, the party of the cbi.. from what is misguided. and from what you're from what ben you're saying, from what ben saying, agree. and saying, you would agree. so and how you make what you make how do you make what do you make of that? >> well, i i thought that >> well, i mean, i thought that what said was absolutely what ben said was absolutely right, be wrong to right, but it would be wrong to assume our voters assume that all our voters coming the conservatives, i coming from the conservatives, i mean, i personally met some that were when were coming from labour and when the brexit party formed, we were absolutely we were absolutely determined we were going ex—labour people going to have ex—labour people there, as well as ex conservatives. >> think is true >> and i think the same is true for i think what ben for reform. but i think what ben is saying look, you know, is saying is, look, you know, the are not offering an the tories are not offering an alternative and we will offer an alternative and we will of