hamish preston speaking to me earlier on the programme. news on elon musk staying in the headlights, his former employees of rocket company spacex are severely the billionaire and the firm. the engineers say there were illegally fired for raising concerns about gender discrimination and sexual harassment. the lawsuit was filed in los angeles. spacex has denied any wrongdoing. global economic charges are on the agenda at the g7 meeting which is set to start in the coming hours. us presidentjoe biden arrived for the meeting of heads of the world's most developed democracies. he is expected to speak out against russia over its war in ukraine and he will be increasing pressure on china for its support of moscow as well as its accessed industrial capacity. speaking of cheap chinese goods flooding foreign markets, the european commission says it will impose duties of up to 38% on electric cars imported from china. it's less than a month after the us announced plans to quadruple duties for chinese tvs 200%. the consolation research leader told me

i have been speaking to hamish preston, head of us equities at index provider s&p dowjones indices, andtold me how the data is affecting the markets. if we look today, us equities gained and the s&p 500 gained and closed at an all—time high, the 28th all—time high closing level for the index so far this year. if we look at today's market movements, contributing to that was the lower—than—expected cpi data. in the afternoon we actually saw muted reaction to the us federal reserve�*s policy announcement largely because the market had expected ahead of meeting for rates to remain unchanged. you said that investors had focused more on the guidance from the fed and the dot plot to glean insights and form expectations around the future path of interest rates. and actually i think this has been a broader trend of the past couple of years where investors have looked at data points from the macroeconomic to remarks from the fed to help them glean insights on the future path of interest rates. whether the expectations come to fruition, we'll have to wait and see, but muted reaction to the fed ann