satyam panday, chief us economist at snp global ratings, explained what the data means for the us economyand key the stronger advances and key categories included spending the stronger advances and key categc care, cluded spending the stronger advances and key categc care, housing pending the stronger advances and key categc care, housing and iing health care, housing and utilities and recreation. that offset and downgrades and other exports and private categories, exports and private inventory investment. spending is being supported in part by wage gains, but momentum is �*market slowing as the labour market shifts into lower gear. personal income only personal income rose only moderately. yet, overall, the data is a good sign for the economy and it comes at a time when there has economy and it comes at a time when th overas economy and it comes at a time when th over the health of the concern over the health of the consumer and the labour concern over the health of the consumtjobsi the labour concern over the health of the consumtjobs data, .abour concern over the health of the consumtj

section, first of fitch is the third global credit agency to lower israel's credit rating since the outbreak of the war. the other agencies that you see here are mies and snp global ratings, all major credit rating agencies. next, the downgrades and credit rating. well it could make it more difficult or even more expensive or both for israel to actually borrow money and rating is still considered investment grade among the safer groups of dead issuers but that doesn't really have some kind of relief for the state of israel's credit based on the downward spiral that is experiencing. now there are other factors driving the downgrade when it comes to israel, some of them are political fractiousness, you have coalition. and politics and of course the military imperatives, these are putting new fiscal consolidation into perspective. then uh the agency is predicting that israel's budget deficit is actually going to reach 7.8% of the gdp for this year that we're in. um, this would mean uh that compared with the 4.1% in 2023, it's uh increasing. fitch also expects israel's debt to gdp to remain above the 70% mark that you see here. for the year uh 2025, this if yo

housing and manufacturing. to pce data forjuly, that is the inflation gauge chief us economist at snp global ratingsls us what lies ahead for the us economy. we had some pretty decent second—quarter number out. it looks like the economy is steady as she goes right now, at least the underlying domestic demand. as for the fed, they are pretty happy with this number, especially given the inflation has been coming in near their own to present targets, so given all of the data that has come out, it seems like they might be ready to start the cycle in september. can you elaborate a bit more on the fed and what will be part of the thinking process as it looks to this announcement in september and the rest of the year? we think they will probably look at employment sides of things more closely now. chairman powell in his meeting did say that he would be more sensitive to what happens to risks around employment gains, given that we think we are at a trend path right now, there are probably looking at cutting rates at meetings at least in the next 12 months, so perhaps getting back closer to 3.754 by the spri

there is a mountain of debt and exports plummeting have triggered alarm bells even for global rating agencies like the snpe snp. at reopening is also crucial for its 4 million garment workers. 0ne crucial for its 4 million garment workers. one of them who participated in the protest told me they are happy the government was ousted and are hopeful factories resume full production soon in their wages improve. production soon in their wages imrove. �* ., ., ., ,, improve. before we go, we take ou live improve. before we go, we take you live to _ improve. before we go, we take you live to a _ improve. before we go, we take you live to a rally _ improve. before we go, we take you live to a rally in _ improve. before we go, we take you live to a rally in detroit, - you live to a rally in detroit, thatis you live to a rally in detroit, that is where tim is speaking, the vice presidential candidate for the democratic party. the two sides have been trading barbs on the economy. harris saying they want to improve things for the economy and jd vance on the other side saying that harris is to blame for a lot of the e

rates. cpi is expected to come in at around 396. it will be i come in at around 3%. it will be very interesting to see what the details are of that. snp globallligence is still expecting decemberfor market intelligence is still expecting december for the first rate cut, however, it acknowledges it is a close call. fik. rate cut, however, it acknowledges it is a close call.— it is a close call. 0k. is it september _ it is a close call. 0k. is it september or— it is a close call. 0k. is it| september or december? it is a close call. 0k. is it _ september or december? december. i did say december. _ september or december? december. i did say december. out _ september or december? december. i did say december. out of— september or december? december. i did say december. out of kilter- september or december? december. i did say december. out of kilter with i did say december. out of kilter with what some others _ did say december. out of kilter with what some others in _ did say december. out of kilter with what some others in the _ did say december. out of kilter with what some others in the market - what some others in the market thing. why are

rating has been downgraded to selective default. this is the decision of the american agency snp global.squandered all the western money and was unable to ensure payments to creditors. in kiev , they even passed a law that makes it possible not to transfer money for external loans. but earlier, the fitch agency downgraded ukraine’s rating to the level of default is inevitable. then zelensky asked the united states for a new loan to transfer funds for old debts, but was refused. today in nizhny tagel is a day of mourning for the victims of a gas explosion in a high-rise building. a spontaneous memorial appeared near the site of the tragedy, where residents bring candles and flowers and toys in memory of the victims. the bodies of ten people were recovered from the rubble. five of them are children. according to the ministry of emergency situations, 15 people were rescued. 11 injured. are now in hospitals, five are in serious condition, 25 apartments in the building were damaged after the explosion, each the victim will be assigned an employee of the mayor's office to help people quickly r

reported a softness in leisure travel, snp global recently reported that lower income consumers have grown more money, conscious. the cause of higher hotel rates, a cooling labor market, an decline in savings. they say that if the economy continues to soften higher income travelers may be forced to search for deals. are rein in their budget, potentially raising room rates overall. >> coming up, a look at a new study showing which cities are the most creative and why san francisco made the top 10. plus, you may have already seen the w roaming around market street in the city will explain what exactly they're doing and then we'll go live to the democratic national convention in chicago. talk about who's speaking tonight well tonight. >> the focus of the democratic national convention shifts to put the spotlight on vice president kamala harris, another slate of high-profile democrats, including former president barack obama, will grace the stage to rally support for his washington correspondent. raquel martin is live at the united center. >> in chicago. good evening. workout. >> hey, grant, vicki will right now. the convention it under way. sort