u. s. economy has up proven to be wrong. rob, it's not that inflation doesn't exist any more from one day or to another. i mean, you mentioned the aid and a half percent increase in comparison to a july of 2021. so that is still a quite an increase. we had certain early as areas like gasoline for example, or airline tickets that came down in the past month. but we had them other areas, housing for example, or especially for prices certain that saw the biggest increase since the late and 70 years. so not everything is a grid here over night, even if clearly it was some well coming news that we might have seen the tip or the top of the inflation iceberg under united states. but we did have also those unemployment figures last week, which were, you know, twice as good as where was being expected. so looking at are more likely that actually they might be able to get inflation, the u. s. under control, without it plunging into a recession. well, i mean, in general, i would say it's too early to say that the federal reserve has mi

u. k. economy is shrinking as energy fails, rice out of control camper, wish households for to wait for new prime minister. i forget waiting for the bus. the question is, how long do we have to wait for flying taxes with the state of your business? and what in berlin, welcome to the program. the u. s. says it's countering what it caused chinese aggression by stepping up trade with ty, one paging band, some tie when he's imports and exports and has been carrying out military drills in the sea surrounding the island. since u. s. how speak and nancy pelosi is visit earlier. this month, the white house now says a new trading plan with tie one will be drawn up in the coming days. it also says the u. s. plaster reassert is right to use air space and c lames between taiwan and china, where beijing station, it's military in recent weeks. let's cross over to the united states and speak to our financial corresponds in new york young's quarter gens. just explain to us what sort of message the white house is t

several other business tycoon were pardoned in order to help the country as the economy. sauers are the latest figures show that the u. k. economy shrank in the 2nd quarter of this year by not point one percent. the economists have now broadly come to the conclusion that britain is heading for a recession. these all worrying times for you k, households for whom every day life is getting more expensive. putting the kettle on is going to cost britain's a bit more this winter. that's because the countries cap on domestic energy prices is expected to rise to over $5000.00 euros a year beginning in january. conservative party candidates for britons next, prime minister, disagree on how to address what is bound to be a crisis for many families. front runner list trust says she plans to alleviate financial strain by zeroing in on taxes. i will reduce taxes. and i'll also have a temporary moratorium on the green energy levy to save people money on their fuel bills. and what's important is that we get the economy growing, we can't get the economy growing. if we have the highest tax rates for 70 is in this country, when her ri

u. economy. normally, items exported from the eurozone would benefit from the weak currency, but with high energy prices at home and chips in short supply, european companies have to charge more for their products. another downside of a weak currency is imported inflation. b currency means that imports become more expensive, maybe o point 120.2 percent of the current inflation rate can be attributed to the exchange rate for you have he and consumers high inflation is a growing concerned while for tourists paying in dollars, the deflated europe means they can keep on enjoying their shopping sprees. we really like the low euros. yeah. it's cheaper. we love shopping and we do have fun . 9. i was the earliest labour got to the high shops and i and catch a couple of things that are normally buying the usaa is good to be able to shop here and actually feel comfortable about. it. never really found anything fun about shopping bad, while american tourists hit the high streets of european capitals on thei

u. s. economy is reportedly already in a recession. 66 percent worry that a major recession is right around the corner up from 48 percent at this time last year. at the same time, 71 percent stay there. income is not keeping up with rising expenses. but instead the u. s. government turn its focused ukraine and ramped up its funding for the country to unprecedented levels as washington pledged its support for what some call a proxy war against russia. and the us didn't stop there. the white house made that clear when they stepped aside, as nancy pelosi took a trip to taiwan, despite numerous threats from china, the result, beijing, sanction the house speaker and sever ties with washington and a number of areas signaling. this wasn't the end of the conflict between the 2 countries and as if that wasn't enough tension. and the u. s. military is reportedly gearing up for joint drills with india and october, less than 100 kilometers from the border with china. oh, and despite his promise to revive the 2

u. s. economy. why is it changing this policy now? yeah, and it clearly is a big company, as you mentioned, to employing around one and a half 1000000 people in the us alone. and with that being the biggest private employer in the country. i mean, they're not covering all abortions, but still that is a big step for a company that size wal mart itself actually did not officially comment why they're changing their, their plans. what you have to see is if you look at as recent service here in the united states, the vast majority of people actually oppose this ban, or a tied to a ruling on abortion sold. therefore, wal mart, it's probably going in the direction what most of its customers, some actually would agree with the use a patchwork of abortion laws is now emerging across the u. s. in response to the supreme court ruling. how difficult does that make things for companies like wal mart, where employers, employees are based all across the us? sure, it is very difficult for corporations of all sorts. abortion is a very big and importan

u. s. economy actually i just want to say a number 0 today. we received news that our economy had 0 percent inflation, 0 percent. the alpha came just ours off to the federal consumer price index. data showed inflation in july dropping slightly to 8 and a half percent from 9 point one in june. so that figure is still a 40 year record for the u. s. economy, where living costs are rising all across the board. oh we did speak to the editor for the rec, reactionary times, julio rivera. he says the by them ministration is struggling with rising prices at levels not seen for at least for decades. this is a desperate democratic party that has an important election coming up in a couple of months and they're trying to spin this in any way they can to try to make the economic number seem positive. but the truth of the matter is, the all items less food and energy has risen 5.9 percent in the last year. the food index has risen 10.9 percent. that's the largest 12 month increase in 1979. the energy index is, is increased 32.9 percent. and obviously the 9

u. s. economy. rosalyn jordan l. jazeera. once again, palestinians are trying to rebuild their lives as rails 3 day attack on gauze as caused more destruction. even as the damage from last year's war remains, natasha can aim reports from garza and the challenges residence face. the phones rang in this gaza neighborhood saturday morning with warnings from israeli intelligence to evacuate in what people say felt like only moments. 6 apartment buildings were destroyed or damaged. i don't know and fall from the fair. my 4 year old son wakes up when he has any sound thinking, it's an astride, and he clinks to me. it makes me frustrated because my children are scared. my life has become miserable and is nothing left in our hands, the man malick shem. alec says she can't even dig out a shirt from the rubble for her 2 young son. the family is homeless, but we'll have to find money to pay the mortgage on the apartment and find a new place to live. since 2008, there have been 5 wars or attacks in the gaza strip. the longest was in 2014

u. s. economy. why is it changing this policy now? yeah, and it clearly is a big company, as you mentioned, to employing around one and a half 1000000 people in the us alone. and with that being the biggest private employer in the country. i mean, they're not covering all abortions, but still that is a big step for a company. and that size, walmart itself actually did not officially comment why they're changing their, their plans. what you have to see is if you look at as recent a service here in the united states, a vast majority of people actually oppose us been, are tied to ruling on abortion sold. therefore, wal mart is probably going in that direction what most of its customers, some actually would agree with the humans. a patchwork of abortion laws is now emerging across the u. s. in response to this supreme court ruling, how difficult does that make things for companies like wal mart, where employers, employees are based all across the us? sure, it is very difficult for corporations of all sorts. abortion is a very big and impo

u. k. economy will slip into recession by the end of the year. it's raised the base interest rate by half a percentage point in the move aimed at to calming the worst inflation in 40 years . there's a headlines. the news continues here and i'll just say that's after witness. stay with us. ah ah, i went to sleep in yeah, when a week delayed from freedom of movement come, which comes about around in history, when least about a new win win combination. young buying a. 2 2 2 2 for mm ah. ready again, they are maggie or why did back or done i but ah bad that out they are they be gay. gay local mom they are. yeah. nobody ended up with me and my dad go ha, j medical and albany, the madonica alia women. and i think i will tell them i as as a high vash mine a guy that was going to be older. that'd be dorado. ah ah, wagner thought no, not problem. mulvey, chicago, but i did because i had moved it up and i'd hired audubon be danny had who are you guys? i am what dell. well you guys ended up dad, i broke and they had my belt while cut by way. how might i wil

u. s. economy given it, those numbers tell us that americans keep for shopping despite the inflation running red hot in the past couple of months by the americans also become more selective what they buy and also a where they shop. so a wal mart, for instance, as a discount or so more and more people from the mit and upper income levels of starting as to stop or to shop at wal mart, what they have not done. it before. of also waltz of wal mart was saying that more people, he was a credit instead of debit cards. so obviously that might become a proper problem. so not everything is rosy, but at least those numbers came in better than expected. and as you mentioned, helped to lift waltz food overall, marines quarter in new york. thank you very much. or tuesday marked the 45th anniversary of the death of rock'n'roll legend, elvis presley. he was only 42 and he died. but his music and his legacy remain immensely popular and lucrative, especially this year. a new movie about elvis presley has racked up m

u. s. economy struggles from an enter my, let's get more on this for my a correspondent at the new york stock exchange. teddy austro teddy. always good to have you on. just explain to us boy sally's behind this slow growth. while rob, this is a worldwide phenomenon, it's not only the united states, it's around the world we're seeing manufacturing slowing or even contracting in europe in china, and other parts of asia. this is a story of inflation and the supply chain crises now. here in the united states, this is, this is a consumer economy. now, inflation, these high prices have really helped ship consumer spending towards the essential, such as you food, such as fuel, which i've seen incredible price increases and away from the big ticket items. now retail stores and other companies have really been shouting for the hills about this, and factories are taking note of it as well. manufacturing may have slowed but new factory orders have actually contract it here in the united states, which are rais

u. s. economy. german energy firm winters, has resisted pressure to pull out of russia over the war. how long can it keep working with the russian state and driverless cars are taking the china streets? does the home growing technology? there's now no room for tesla. this is due to be a business on what, what's in berlin, welcome to the program. you figures show us exports hit a record high in june, goods and services total over $260000000000.00. that's up $4300000000.00 on mays figure, which was also a record sales of oil, natural gas, gold and aircraft contributed to the rise. the u. s. also narrowed its overall trade gap for the 3rd consecutive month. however, a surgeon import. so it's trade deficit with china rise to a new record. let's get more in this from our correspondent at the new york stock exchange. teddy australia teddy just explained to his what's behind this record level of ex boss from the united states. yes, rob, all the exports. i certainly contributing to this extraordinary shrinkage in the trade deficit here in the united states, but seems to be driving it our ene

u. s. economy. to have an energy firm went as hard. yeah. has resisted fresh air to pull out of russia of the war. how long can it keep working with the russian state? driverless cars taking to china street does the home grown technology is now no room for tesla? this is d to be a business, i'm of what's in berlin. welcome to the program. you figure show us exports, hit a record high in june, goods and services titled i have a $260000000000.00. that's up for point $3000000000.00 on mays figure, which was itself or say, a record sales of oil, natural gas, gold, and aircraft contributed to the rise. the u. s. also narrowed its overall trade gap for the 3rd consecutive month. however, a search and imports saw its trade deficit with china rise to a new record. let's gamble in this from a correspondent at the new york stock exchange teddy australia. teddy just explained to his what's behind this record level of expos from the united states. yes, rob, well the ex works are certainly contributing to this extraordinary shrinkage in the trade deficit

u. s. market. are dead, the general la gdp, the economy. yes. is that real or financial markets? the financial market? financial not, not, not much. i don't think it because you know, the investments over the u. s. financial corporations are so vast and the exposure to a russian debt is not so great relative to the last holdings. but you know, if they don't allow the european donation, particular to divest themselves under american banks, even though it's relatively small, you never know what kind of contagion affected might have on broader financial markets. so they're not going to take that risk, particularly now that we've got all these interest rates rising. and, you know, a recession coming and the ability to finance the debt. that what is financial debt and any debt is getting a little bit more difficult and it could get very difficult. they're looking ahead, you know, 6 months a year from now and try to make sure that there's no massive a contagion like that. the faults anywhere that could really throw a deeper wrench in the general global and you actually economy. so it is

economy. summer surprised the u. s economy added 528,000 jobs in the month of july. that's double what economists had expected and puts the nation back on its pre pandemic track almost 10 million jobs since i took office. that's the fastest job growth in history, fast growth and falling unemployment. the u. s labor report showed. the unemployment rate dropped from 3.6% to 3.5% in july, returning the nation to the pre pandemic 50 year low there are more people working in america than before the pandemic began. in fact, there are more people working in american any point in american history, the top five areas of job growth were professional and business services, trade and transportation, leisure and hospitality, retail and education and health services. president biden's $1.9 trillion coronavirus relief package and the $1 trillion bipartisan infrastructure bill helped boost that job growth. in the beginning, it was all the hospitality that was really hurt, but now as we go forward, we're begging people to come back. employers don't realize how much strength employees

u. s economy added 528,000 jobs in the month of july. that's double what economists had expected and puts the nation back on its pre pandemic track almost 10 million jobs. almost 10 million jobs since i took office. that's the fastest job growth in history, fast growth and falling unemployment. the u. s labor report showed. the unemployment rate dropped from 3.6% to 3.5% in july, returning the nation to the pre pandemic 50 year low there are more people working in america than before the pandemic began. in fact, there are more people working in american any point in american history, five areas of job growth were professional and business services, trade and transportation, leisure and hospitality, retail and education and health services. president biden's $1.9 trillion coronavirus relief package and the $1 trillion bipartisan infrastructure bill helped boost that job growth. some sectors have been hurt a lot. in the beginning. it was all the hospitality that was really hurt. but now as we go forward, we're begging people to come back.

u. s. economy, where living costs are on the rise all across the board. biden's comment certainly sparks and criticism from various quarters. ridiculous it from the white house. there is 8.5 percent inflation and basically everything anyone ever buys went up in price. this is just cruel gas lighting from the bite and administration. okay, super quick note on biden's claim that inflation is 0. it's a bogus math trick. joe biden claims multiple times that there was 0 inflation in july. absolutely false. year over year inflation was 8.5 percent in july. one of course with a whole midterm elections just months away. we spoke with the editor for reactionary times, julio nevada. he says that by demonstration is struggling with rising pride has at levels not seen in decades. this is a desperate democratic party that has an important election coming up in a couple of months and they're trying to spin this in any way they can to try to make the economic number seem positive. but the truth of the matter is,

u. k. economy will slip into recession by the end of the year. it's height, the interest rate by a half percentage point, it's biggest jump since 1995 or the movies aimed at calming the u. k. worst inflation for 2 years. central banks around the world have been pushing up rates to curb spending and bring down prices. nato secretary general ends at stilton bugs as russia cannot be allowed to win the worn ukraine. and the alliance must prevent the conflict from spreading members have been increasing defense spending since the russian invasion, germany is gearing up to become the well 3rd largest military spend. after the u. s . and china step boston has more from the, the german army, looks like it's fully equipped and ready for battle in this recruitment video. but a parliament report suggests soldiers are lacking heavy equipment, body armor, backpacks, and even warm on the where we don't have enough tanks. we don't have enough whistles, we don't have enough lanes to be able to even secure the own country. none not even to support our friends in se

u. k. economy will slip into recession by the end of the year. it's raised the base interest, right by half a percentage point in a move aimed at calming the worst inflation in 40 years. there's been renewed fighting between manian allied forces and the ship by johnny military along the disputed going to car back region, car back forces say the last 25. his one as a by johnny soldier, was also killed mania and as a by john have been locked in a decade though, dispute for the territory. they're going to carry back, is mostly controlled by ethnic minions. but azerbaijan seized parts of it, after a conflict can 2024, june looser, figured out. this is on august 3rd, members of illegal armenian armed groups in the territory of azerbaijan, where the peacekeeping contingent of the russian federation is temporarily stationed, closely violated the provisions of the november 10, 2020 statement and committed an act of terrorism. sabotaged was against the units of the as a by john ami matthew bry, that is a former us ambassador to azerbaijan. he explains why

u. s. economy. rosalyn, jordan l j 0. it's been reveal the former trump administration official, john bolton was the target of a murder for hire plots. and a member of iran's revolution regard. is wanted my, the f, b i on charges relating to that alleged plan. also kit has said the schemes likely in retaliation to the january 2020 strike that killed the head of iran's elite, our kids force cassandra solomon a while around has described the accusations as baseless our white house correspondent, kimberly how can has more well, what we know is that the person that has been charged with these alleged crimes is still at large. in fact, he was charged in of said she is 45 year old iranian national by the name of she rom, poor sofie. he is also known by the alias of massey rate zion. now what we do know is that he allegedly tried to pay some $300000.00 to assassinate the former national security adviser and the trumpet ministration, john bolton. and that this plot was allegedly to take place either in washington dc where we are

u. s. economy and so forth as foreign policy. so what we're seeing right now around the world with it, any growth of bricks because saudi arabia, iran, argentina, they want to join bricks. and then of course, you go the s, c o, the shanghai cooperation organization. you are seeing a coagulation of allies and partners around the world for the immediate future. and if something's not important to said, reason, recent weeks time and time again, he says nothing can stop the changes that are now happening around the world. he's referring to that of a new born multi polar order, isn't lisa a. well, would you respect the president of russia today is not the 1st one who said that some of us who said it for last 20 years that this is the, i mean toynbee is headed re mapquest, orient. everybody has worked with empires. going all been empires going down, and there are some indicators when they do. one is over military session. one is lack of legitimacy in the eyes of other countries. one another one is the lack of innovation and new plans a

u. s. economy and the powers of inflation. it's a drop in the bucket, it's very, very small numbers still, but i think that symbolically, it will have some impact. and as your previous guess said, negotiating lower drug prices will have a substantial impact on, on the price rises that people have been feeling in their pocket book and over their kitchen table. so, you know, i think that the bill will do it in different ways, but you know, as far as affecting inflation per se, it's probably negligible, but still it doesn't make things worse. how worried will the republicans pay about the spell, especially as we had to wednesday's mid term elections? well, i think the republicans are worried about any victory that joe biden was able to score at this point. so i think they're concerned on that front end. they're painting this bill as inflationary as a tax and spend bill as one that raises taxes on companies that are employing americans and, and that, you know, at the same time it is going to fuel inflation and other ways. you know

u. s. economy. and in particular, sectors where that are high emissions, a big chunk of that funding is going towards clean electricity, 0 carbon, clean electricity across the board, solar, wind, geothermal, nuclear, you name it. there's also substantial funding for investments in manufacturing. that's one of the big chunks of the still to ensure that the united states can manufacture the pond, a mental components of the energy transition and the united states that includes again, solar, wind batteries and all of the, the, the smaller sub proponents that go into those systems there's also substantial investments for communities that traditionally have posted fossil fuel communities, as well as a number of other investments in the industrial sector, the agricultural sector, and a grab bag of other priorities that are critical driving down us emissions. well, still ahead on al jazeera, huge fire still burn a cuban oil plant. after lightning strikes, at least 16 firefighters missing, and we meet famili