aye susannah, ,, ., ., , ., ., susannah, susannah, a question from tiktok, actually. _ susannah, susannahsusannah, susannah, a question from tiktok, actually, asking why we are i tiktok, actually, asking why we are in a recession at the moment? you look particularly — in a recession at the moment? you look particularly at _ in a recession at the moment? gm. look particularly at retail sales, they were weak at the end of last year and household consumption is, consumer spending is a huge part of the uk economy and so when consumers feel the chill and close their purses and don't spend so much, that does have repercussions but also because we have had higher interest rates, it has made many companies more cautious as well about expanding activity. they have been battening down hatches with many of them grappling with notjust high interest rates are high borrowing costs but also higher labour costs as well and other costs which increase due to pressure. it has been pretty difficult, do you have seen fewer firms wanting to expand activity. but you have also had other variables coming at the e

susannah streeter, thank you very much indeed.hieved a "real victory" in disrupting shipping in the red sea. attacks on vessels by the houthis has forced many shipping firms to make a costly diversion around the southern tip of africa — delaying cargoes and forcing up prices. translation: the operations continue this week on the sea | and the bab al—mandab strait. the movement of ships linked to israel has become almost non—existent. for the israeli enemies' ships, their movement has completely stopped — bab al—mandab strait to the red sea. this is a real achievement and a real victory. cailin birch is a global analyst at the economist intelligence unit lovely to have you with us. i don't know if you heard that statement from a hoof it spokesperson. the attacks will continue which means disruption, as well —— from the houthi. disruption, as well -- from the houthi. ~ , houthi. markets reacted yesterday _ houthi. markets reacted yesterday to _ houthi. markets reacted yesterday to that, - houthi. markets reacted yesterday to that, t

susannah, thank you. head of money and markets from hargreaves.or more, head to cnbc.com. >>> new york community bank is taking a lower market after the stock whip sawed down to 6%. the troubled lender appointed a new executive chairman to steady the ship. the company could cut exposeure to the real estate sector. >>> and patience is the theme of the day on wednesday after a raft of fed officials outline the potential for the rate cuts. one pleased with the progress, but refused to commit to a timetable for when rate cuts start. and boston fed president susan collins needed to see more evidence before lowering rates saying she thinks it is likely to start easing policy later this year. richmond fed president barkin urged for a patient approach. speaking to cnbc, minneapolis fed president neel kashkari outlined his approach to the fed path. >> there's been pa lot of debat with the speed of which we cut. if the labor market continues to be strong, that would give me confidence to say we can dial back slowly from here if we saw that material slowdown

susannah. you know who she is, by the way? ste exactly . hey. susannah. >> exactly.e up >> so made quite famous make up people. 90s, early 2000. people. late 90s, early 2000. and it was trinny woodall and susannah and they would do these makeover shows, right? and then they fell out of public they kind of fell out of public view . well, we've had a bit of view. well, we've had a bit of news about trinny . well, i think news about trinny. well, i think that a kind of year tv show that a kind of five year tv show or like that. or something like that. >> trinny woodall also >> now, trinny woodall was also married saatchi, married to charles saatchi, wasn't was, very wasn't she? she was, um, very wealthy man, very wealthy man indeed. and that didn't end up well all know the well. well, we all know the famous about the famous stories about the simpsons, the restaurant they, they in. scott scott's. they were in. scott scott's. thank you. i'm sorry. anyway, point the is when her point of the story is when her tv ended, she was literally tv show ended, she was literally brok

economics from university of bath, rajan lakhani, head of money from personalfinance firm plum, and susannah

let's bring in susannah streeter, head of money and markets at hargreaves lansdown.on of nvidia. it is $1.7 trillion so it has eclipsed google parent alphabet and that is extraordinary. it alphabet and that is extraordinary. alphabet and that is extraordina. . ., , , extraordinary. it certainly is. it is galloping _ extraordinary. it certainly is. it is galloping ahead - extraordinary. it certainly is. it is galloping ahead as - extraordinary. it certainly is. it is galloping ahead as part| it is galloping ahead as part of the magnificent seven and certainly all eyes are on nvidia right now. because of its unique position in this market where there is such a huge demand right now. there had been a wobble earlier when shares dipped in anticipation of the results. thought that they would not match expectations but again they have been blown out of the water. and what you have seen across markets generally is the tech boom is fuelled by the frenzy for all things ai and also hopes that interest rate cuts will be on the horizon. interestingly we had federation —— fed bank