tv Business Today BBC News February 13, 2025 4:30pm-4:46pm GMT
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as president trump is set to unveil his latest trade tariffs. plus recession avoided — the uk economy grows by a tiny amount. $10 for 12 eggs? the united states up. welcome to business today. i'm mark lobel. we start in the us. which is dominating the agenda. said "today is the big one", describing the upcoming release of reciprocal tariffs. these are tariffs which are expected to be slapped on every country that charges duties on us imports. michelle fleury is in new york for us. this one struck me when i was
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reading it like an economic grenade and social media with president trump proclaiming with some glee that today is the day. this will put potentially a lot of... i mean, it has been — potentially a lot of... i mean, it has been i here _ potentially a lot of... i mean, it has been i here in - potentially a lot of... i mean, it has been i here in the i potentially a lot of... i mean, | it has been i here in the us, commentators here in the us, trial lawyers, experts in the field and what they have described to me is a tit—for—tat terror. in other words, if you impose tariffs on american goods we will do some equal measure in return. —— tit—for—tat tariffs. some say the economic impact of this may be less than people feared but that being said, there will be individual countries and industries whose noses will be put... is a much smaller put... that is a much smaller impact than you would have from comments from president donald trump calling it the big one,
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but no recession —— no not good news for efeff'm but net gméj�*el�*af "w w..- 77 comments. reeessieg but. get engage“ ., , — , ,,, fl ,, comments. ~ seeessies! but. get gagggis- ., , . , ,,, ,. ,, comments. ~ ., 999999599 999 999 9999959- 9 , 9 , 99 9. 9 comments. ~ ., ., growth number in positive growth number in contrast to expectations so so �* so good. contrast to expectations so so �*so good. but when we £9999. ef�*f�*fi' 52:9 33h?“ 335 beneath 9efff�* eeee 52:9 eheh eee beneath the 9efff�* eeee 559 eheh eee beneath the surface it scratch beneath the surface it is positive. so is not so positive. so household was flat and no growth there in final quarter. more ==- and �*we investment. if we strip those out leave the private out and leave the private gfftm' was out and leave the private 55990" was in recession sector, that was in recession 999—1999: fell in zinzthe 7 zinzthe gfiwj growth is were in. the 99999 99 94'99999—59— — —— 5 —— — —~—— to the
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it is the government's agenda. it is the government's number one — agenda. it is the government's number one priority _ agenda. it is the government's number one priority and i agenda. it is the government's number one priority and due i number one priority and due to it be particularly that it will be particularly disappointing that so little been generated in the first has been generated'in'the first of the parliamentary = -=: lots �* policies 5 lots �* policies in j lots �* policies in place 5 r-nm to stimulate growth and they are good policies targeting the supply side of the economy is absolutely key. but in 7whi|§itis§b$qil¢99y key. but in meantime, it feels like themeantime. it feels like is from 9 9 from then it 9 sector the —— and will private sector... 7 be private sector... ? pick up but be private sector... ? at k up but ;9 be private sector... ? at then but ;9 be private sector... ? at the moment ;9 be private sector... ? at the moment and the is: j 77: j: 9555—9999 side 77:1: 77: j: 9555—9999 side is h9999h9199n9b99m~999 9599 59 magic concept h9999h9l9999b99m999 9599 59 magic concept in economic, some of customers ask what you our customers we ask what you need to see for a better year your eggs—9: your the top for your business? the top answer is an in improvement in the economy it will pick w after 7 afterfollowmg "
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z t grtgr'rgrisurag'rn " 7 7' z t grtgr'rgrisurag'rn the 7 ' one of the f99rth 9999.99 9399999999 ~ ~ , 9 reasons for f999h 999999 99999999 9 9 9 9 reasons for this was w _77 staff cost got so s�* maybe? got so s�* maybe companies will 5 technology 'm"5959919556995"' w5959999559995"b'ééause and other alternatives because people are to come by and people are hard tocomeb�* = - people are hard tocome'b�* = - expensive. interest rates, not expected — expensive. interest rates, not expected to — expensive. interest rates, not expected to be _ expensive. interest rates, not expected to be not _ expensive. interest rates, not expected to be not as - mean, it is when ou have weak normally when you have weak growth like now, you expect 7 7 7 expect boe 7 7 7 expect boe to 7 7 7 expect boe tojump 7 7 expect boe tojump in 7 7 would expect the boe tojump in and help out by reducing interest but interest rates but u nfortu nately, interest rates but unfortunately, we have also got pressures which will up through which 9:.= 7 "7931993977" ,., " 7 7 7 79319231795? 7 777 77 7 7 7 79319231795? the 7 77 77 7 7 7 79319231795? the 73675 77 ggake it difficult for the boe cut as much as maybe people to cut as much as maybe people they still might but on the 77 on the balance 7 7 77o77n7th7e 5512579719 7 depends on the balanee 9f and demand. depends on the balahee 9f and demand. they supply and demand. they might yes, have temporary help supply and demand. they might �* gas have temporary help supply and demand. they might �* gas prices re temporary help supply and demand. they might �* gas prices butemporary help supply and demand. they might �* gas prices but looking / help with gas prices but looking that government beyond that the government needs more support. but they told us last week that they told us last week is that they want to do it very carefully.
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great to have you with us, liz. thank you. us inflation report. the spike in egg prices comes as bird flu sweeps killing millions of chickens and decreasing egg production. went to her own local supermarket in new york city, it's ridiculous! it really is. i mean, it's, like, $10 for a dozen eggs. like seven something.
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in this new york city food store, they say they have no other choice but to pass the higher costs on to the consumer. translation: the cost | of eggs has gone up a lot, without that, we wouldn't be able to get through this. this is my local market in new york city, and as nearly $12 for a dozen eggs. here, $16. inflation rose to 3% in
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weed out _ have been hearing. when you weed out those _ have been hearing. when you weed out those figures i have been hearing. when you i weed out those figures i nhs which were released we wanted to bring you teddy. we wanted to bring y99 story to taday, we wanted to bring y99 story to what they the back story to what they really mean. so when you are about waiting tinnes talk'rng abadt wafting times for and talkingabtsdt wafting times for and emergency going accident and emergency going down slightly, the here 7777927117577 7 77777f92ii§7§£7ih277777777 7 77777re;7lly7at77th977f7or7e7fi7'ont 7 7777f92ii§7§£77th27f1r7e7fiéht of 7 are really at the forefront of what in practice. you touch upon the rates also, you touch upon the rates for waiting times getting cancer still being cancer treatment still being below target. again, it is the people on the line people on the front line this so it
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