economy. they've destroyed the u. s. economy ah, yeah, the trump handed him off in a great economy, but certainly one of the best economies with the last 20 years. and they've gone out of the weight, actually kind of very methodically to destroy. ah, what's there the united states con me? ah, by clamping down on oil and gas exploration and trying to raise taxes and re spending of the time, we don't need any of us office of they created inflation or try not to pay the price for it. we're already facing cycling and irie believe that we're in a recession. so we're in a recession. we have i inflation, that's the definition of citation. i think that it's going to continue to go on because the inflation itself is structural and it can't be fixed with monetary policy. but it can be fixed with a shift in fiscal policy. and the way you shift the, the way you improve fiscal policy in crate that shift is by, ah, getting government out of the way i, the, by the ministration needs to become exactly the opposite of what it's been. a fo

u. s. economy is almost certain to and service session in the next 12 months. joe biden memphis, the u. s. economy still some strong. not concerned about i'm concerned about with those are certainly confident words, but how do they stack up against reality? the white house says that its efforts against inflation are starting to work biden's chief economic adviser, cecilia rouse, points to statistics regarding housing and employment data to make her case. we love having a very strong labor market, but it's been very, very strong. the employers are having a very hard time finding workers, but we saw some data last month that work that employers are posting fewer job vacancies, which means that there's a little bit of easy in the labor market without having any layoffs. we can also see that the housing market is beginning to cool and we know that housing prices as part of the challenge for families as part of our inflation challenge. and now she is right. u. s. employers are having a hard time finding people to fill positions. so for now all the necessary workers m

u. s. economy is still standing strong. we also have to be the ones who are at the table, who hoping to shake the rules, the norms, the standards by which technology is used. if, when not, if the united states isn't there than someone else will be. and these rules o gains get shaped in ways that don't reflect our values and don't reflect our interests or no one will be there. and we're going to have chaos before we have a world that's actually organized to try and take advantage of all of the progress that we're making. a concern about those are certainly confident words, but how do they stack up against reality? the white house says that its efforts against inflation are starting to work biden's chief economic adviser, cecilia rouse, points to statistics regarding housing and employment data to make her case. we love having a very strong labor market, but it's been very, very strong. the employers are having a very hard time finding workers, but we saw some data last month that work that employers

u. k. economy in this way . and it's just another indicator that the u. s. bending acquired rapid pace, it's institutional and political credibility. and you know, you see that now with government ministers coming out and talking about government ministers and government supporters and government outright is coming out and talking about it financial institution. beyond that, now the left wing economic bastions. when, of course it was quite the opposite. a few years ago. there's almost now, no one left. the government hasn't accused of being left way. i think the only thought of the homes that credibility, you can govern who's got to borrow billions of dollars in order to be able to pay for this. it's openly admitted that how difficult is it going to be able to talk to the funders? what kind of structure could it possibly use that is going to allow for the tax cuts and other elements of this policy? because it's not just about tax cuts, that's going to make this work. well actually entry point to government is desperate, of course not to borrow in dollars.

u. k. economy, the pound is strengthened, more than 2 percent against the dollar. as a result, the u. k. his new finance minister has set a new cost dramatically different to that put forward by his boss, prime minister. this trust me will you be putting in place today? sorry about the rain guys. just days after becoming the new u. k. finance minister, jeremy hunt had the press hot on his heels and soon found himself on the front page. that's because hans says he will abolish nearly all of the tax cuts announced by his predecessor quasi clar tang barely a month ago. these include cuts to corporate taxes and scrapping a new vat tax on shareholder dividends. no cut to the base marginal tax rate until april next year and know to a duty free shopping scheme for non u. k. visitors facing economic turbulence. hunt warns government spending must be cut and that the current energy relief scheme will need to be redesigned in april, not 2 years from now as originally planned. it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices. so

u. s. economy $2 billion per day. a new warning about the u. s economy this morning. tough times could be ahead due to the war in ukraine, high interest rates and energy prices, one expert saying quote this is serious. a dire economic outlook from the main in charge of one of america's big banks. if i was out there, i'd be very cautious jamie diamond ceo at jpmorgan chase is warning a recession is likely in 6 to 9 months. on wall street. the s and p is down nearly 25% from january and diamond says another 20% drop is possible. it could be another easy 20. and uh, you know, i think like the next 20% will be much more painful in the first inflation has forced the federal reserve to raise interest rates , boosting the cost of borrowing in hopes of slowing down the economy. one sign the strategy could be working order shipped from warehouses to retailers are down 33% since last year, and job growth could soon be stalling. bank of america now expects the workforce could lose about 175,000 jobs per month beginning in january. meanwhile gas prices are steadily rising now ave

u. k. in some ways to the global economy, the u. k is kind of singled out, isn't tip for poor performance. while i think this is it. i mean that we just heard from alex. it's trying to push the whole thing on the global situation, but true pays. this whole thing has been hit to us because of the government's policies. this is ram, the phone pound went to free vote and more of the data top. and if you look at that around what is happening to the families, then you realize that millions of families are now struggling. and the reason is you've got the inflation, which is gone now to 10 point one percent. you've got the energy prices going up. you've got the food prices going up down the other side. you have 12 years of stagnation with wages. that's what's causing the difficulty, sol, i'm just in the market, isn't there at all. and that's why the set up a nice conversation is going to give us a chance. go ahead. i'm so i can see a shaking groceries getting a bit. of course, i can get that straight by drops out and runs the many parties

u. k. economy, nearly $35000000000.00. 5 percent smaller were told the economy is at the end of last year than it would've been, had britain remained in the u. peter born is britain. just one of many countries suffering the economic consequences of i don't know covey the war and ukraine, or is there a particular price? britain is paying for its political decisions, whether it's brings it or people coming in and out. number 10, there's 3 factors. you seem to have identified that the 1st is those global headwinds we can see that alex dean is quite right to point to that. then you have what is now being called by the financial times and others, the so called moron factor in british politics is that the conservative party is so out of control and employ such low key the caliber figures to embark on the ranged economic experiments that the markets no longer trust the british government to manage sensibly. now, and the 3rd is the general effect breaks it, going back to 2016 and that's our denial. you got

u. economy. there is growing pressure for him to abandon more of his economic plans.here are questions about the leadership of the prime minister, liz trust, after just 37 days in the role. britn's foreign secretary has warned that a change in prime minister would be a bad idea. the bbc political editor is chris mason. chris: t government finds itself in an almighty mess. i am trying to find out what conservative mps say they should do and what ministers say they will do. the chancellor says he is sticking to his plan. >> our position hasn't changed. i will come up with the median-term fiscal plan on october 21. as i said earlier in the week. and there will be more detail than. chris: the mood at westminster is moving every hour. >> liz truss last night. chris: swells of intrigue among ministers and backbenchers, with senior political figures asking, can liz trust's server -- liz truss survive? the prime minister has been in office 37 days. this is the track you would normally associate with the endgame. things said in private don't have as much clout. i want to read

u. s economy today the impact of skyrocketing mortgage rates and the new concern the economy could be derailed by a railroad strike. parents speak out about the surgeon, respiratory illnesses among young children, one mother, saying her daughter went from normal to being on a respirator within two hours. two developing stories overnight. a train derailing at this amusement park. several people hurt and the investigation into this bridge collapse. a construction worker killed more teenagers gambling online. one team describes being addicted to gambling by age 15 his warning every parent should here and later from president biden speeding and more than 100 mph. to the powerball fever burning even hotter to the top dog in the halloween costume contest. it's thursday, october, 27th. from abc news in new york. this is america this morning. good thursday morning, everyone we want to begin with the countdown to the midterm elections and major developments in three closely watched races. pennsylvania senate candidate john fetterman, who is recovering from a stroke, is now responding to critics who rai

u. economy. the next year in the late as i am of european department briefing, the director of the branch has stated the blocks g d p is expected to decrease reaching almost 0 level in e advanced economy. i'm floating at 92 percent in emerging once the invasion rate will shift to by far a reducing from current 9 percent and the advanced e countries but increasing the weaker european economies. and that's what the blocks top economic official at to say. energy prices have spiked and they are unlikely to return to their pre more levered soon. this sad times of trade shock has raised farms, costs and lead to a cost of living crisis. a complete shut off of remaining russian gas flows to europe, combined. the decoy ventre could recite in gas shortages and rationing, giving rise to cheat p losses of up to 3 percent in some central and eastern european economies. and yet, and not about of inflation across the continent. daughter jack ross was professor ve comments and policies at st. mary's college of c

actually do something about why she has ever increasing dominance over their own economies and over the u economy. or, well, they just ultimately fall in line with washington marching orders. they you has expressed outrage at tit for tat sanctions from a ron that's off the to ron, accused of provoking violence and acts of terrorism made widespread domestic protests in the country. oh, brussels came to sanctions. are nothing more than a politically motivated measure. the european union rejects the sanctions as they appear to be purely politically motivated. when you take the you sanctions, they are adopted on clear legal grounds based on the evidence of human rights violations in iran. a wrong has onto the number of european individuals on media outlets to a black place, issuing visa bands and seething property. that's off to the e u. place sanctions on a number of iranian officials on security. 4th is alleging their role in the recent death of masa, a mean a young woman who died shortly after being taken into custody by the countries morality, police, which sponsor, protests, country wide law to

do something about washington's ever increasing dominance over their own economies and over the u economy. or, well, they just ultimately fall in line with washington marching orders. dear politics, excellent piano to mon, towed of the e u has no ability to carry out the trade war against the us. well, profess that william melanson says washington will probably scale back its economic conditions in europe. the america, you see, has, has a profit so much from this and that europe is so worried now about the effect on the actual peoples of europe. is it already started all kinds of demonstrations that america is going to have to scale back. if it doesn't scale back, then there'll be a fairly nasty trade war, which a game, oddly enough, might lead to a final piece deal in ukraine is i don't think the european countries wish this war to continue any longer. the name of this act of reducing inflation, inflation reduction is a euphemism for, for protectionism. actually, the chinese do it. the americans do it. why not the european union just to protect their major industries and create more of a

u. economy, the next year, the latest i am a european department briefing. the director of the branch has stated that the blocks g d p is it's faint, is the degrees decrease reaching almost a 0 level. and e, you advanced economies and floating at 92 percent in emerging ones. now the inflation rate will shift to by slightly reducing from the current 9 percent. and the advanced east countries were increasing and the weaker you are very common economies. that's what blocks talk, economic officials had to say. energy prices have spiked and they are unlikely to return to their pre more labeled soon. this is terms of trade shock has raced firms cos and lead to a cost of living crisis. a complete shut off of remaining russian gas flows to europe. combined with the cold winter could result in gas shortages and rationing, giving rise to cheated p losses of up to 3 percent in some central and eastern european economies. and yet another bout of inflation across the continent thought was a jack raf nurse, professor ve goings, i am connecticut politics at saint mary's co

actually do something about why she has ever increasing dominance over their own economies and over the u economy. or, well, they just ultimately fall in line with washington marching orders. the syrian defense ministry of accused israel, of carrying out a 3rd as strike this week on science near damascus. the latest attack up and just off the midnight's local time with most missiles, reportedly intercepted by theory and defenses. no casualties were reported. although 2 prior attacks left one soldier wounded various seriana states lou as so say say as well has hit targets in syria. hundreds of times over the last few years . the most prominent attacks stroke, damascus, absolute in september, killing 3 people and rendering the runway unusable. israel has said its target, it targets any sites with connections to rainy and military fighters in syria. but as cross to vanessa, be an independent journalist faced in damascus. now vanessa nice to see how serious it is rarely strikes have been carried out hundreds of times since 2011. what do you think is the reason behind the strikes and the choice of tar

u. s. economy going again? you may ask if we don't get the financial system working and that involves very likely both taking bad assets and injecting capital. that other steps to restore the economy will probably not be effective, but just don't call it printing money. we've been over that. so where are we now exactly? record inflation in the united states. the consumer price index is up 8 percent over august. now at this point, they've just continued printing money and the rising energy and food costs do the sanctions on russia have only made things worse. american families are getting squeezed. polls show the public is furious over continued economic mismanagement. so it sounds like the right time to give the guy who started all the nobel prize. just another sign of out of touch. the american elite really are able, marvin, r, t, new york, not as how the midway can use drop a shipping up for now, i'll be back off the top with all the latest developments to hope you can join me then by for the.

u. s. economy goes to refresh next year as we, as we think. and that's driven by significant tightening cycle. then that leaves a countries hon, both through that, i need financial conditions delivered by that strong dollar rise us interest rates . and also then by the jackson, we pay us important a driver tickets, e u. s. a u s. consumer i t c u. s. is really critical illness and still place is a saturate global financial condition is to some extent, at least could have you whether some times in the costumes. mccann, thank you very much indeed. and keep indian movie revenues have risen every year for a decade, reaching around $2000000000.20. before the pandemic started. but most recent releases have bombed at the box office. i'm bollywood. domination of the indian film industry appears to be uncertain. producers are taking a novel approach to attract people back to the cinema. as poverty, metallic reports from new delhi moviegoers are in for a treat. it's national cinema jane. india ticket prices have been slashed to less than a dollar, many

u. s. economy rebounded in the 3rd quarter growing at a 2.6 percent annual rate. stronger exports and consumer spending, as well as a healthy job market helped bolstered growth amid concerns of a possible recession. government spending also helped with the economy on staying in the u. s. the important mid term elections are approaching at a difficult time for many americans. they're facing record price hikes at the gas pump and at the grocery store. and some are struggling to pay their bills. the atlanta state farmers market is one of the most important fruit and vegetable distribution points into united states. atlanta has one of the highest inflation rates in the country. currently, almost 12 percent and its way known small business owners the whole sell cost of lettuce is $75.00 for a case a year ago. probably $18.00 to $20.00 a case. everyone's got it 8 every single day. so everybody has to just suck up and take it and pay the price. traders and truck drivers are suffering from the effects of h

u. s. economy. this though, is a finite situation because the strategic oil found is now at its lowest since 1984. now, president biden has been trying to balance lowering that gas price together with carrying out sanctions against russia for its invasion of ukraine. now this was a real tightrope, he was walking, but now the opec decision has basically left this in tatters. and now president biden has to acknowledge the fact that the price of gas is likely to go up, despite the fact that he's going to continue to inject barrels from the strategic oil fund into the u. s. economy. but this, in turn, could have major political ramifications come the mid terms in november. so this opec decision has something that goes far beyond an increase in the price of gas. it could have a direct political impact on the fortunes of president biden. and his democratic party. thank you very much. mike kenner, in washington, marcia's present, led him a prisoner signed the annexation of 4 ukrainian regions into law a we

u. k, i think does matter is also the question. i think of contagion. some people worried that if the economy of the u. k, runs into trouble, then we could find that that actually causes a ripple effect and other economies. and then i suppose the reason the reason which is well teach is on the government that you simply cannot. now go into a situation where you make tax cuts, which are completely on funding. it may be written off as all the docs economics. i cause cause and trust, but markets expect you to balance the books and if you do anything, i think 2 of the dogs, then you run into trouble cutting the bill. what position you mentioned that the, of course, that you came to you, they have some bad blood between each other. now, what position does the british government find itself in? as it looks to restart negotiations this week, over the northern ireland trade protocol, which is of course, a major sticking point and a legacy of bricks. it will interesting. there also room is that there has been progress under the surface between the british government on this. i think it really is in both sides in

u. k. economy needed. it was a significant support to households to help with this winter energy bills and to be fair. this government, the profit process as i think any government what has largely delivered that although it is very expensive. um, over the medium term, there are 2 types of credibility. there's, ah, economic market, credibility. and then there's a more broader related question of political credibility. and i think that the latter is in some ways more important. um, one thing trusted of where there was some continuity was with ours. johnson was to continue to trash. the british constitution are independent institutions to ignore, for example, the office of budget responsibility to ignore the normal way in which case govern. and that wasn't just frost. it was fun to net continuation of a number of things that's been happening over the past decade. but of course, particularly under burst johnson, so we're storing that i think, is actually in my view, even more importantly, economics to get bac

u. s. economy, who can forget to 1000 a 1.7 percent here, a loss of 37 points or so apple shares or just getting hammer this morning. we down by between $3.00 and $4.00 and a half percent generally across these markets. let's talk about the speed with which we are watching this market deteriorate, where all the man who's at the top of the u. s. federal reserve bank during all of this just got the nobel prize for economics seriously. he was 1st appointed to the fed board of governors in 2002. he made a splash for himself by talking about the dangers of deflation and method that could be used to oppose deflation, giving birth to what's been called the burn. nancy doctor and george w bush liked him so much. she promoted him to the role of fed chairman in the lead up to the 2008 financial crash. he said that everything was just fine. he maintained the united states had the perfect goldilocks economy with sustained growth, low inflation, and monetary policy that served the market well. even told us that

u . s. economy will deep into recession in the next half year. also, chief executive, jamie diamond, predicts the recession won't be like the 2008 crisis. but once inflation and big interest rate hikes of paid the way for an uncertain future. and you k unemployment is full into 3 and a half percent. as brits continue to leave the workforce at a wrinkled rate is the lowest level in nearly 5 decades. labor shortages, making it harder for companies to find work. it's the panoramic has altered life markets much of the world, but it's been hard to find skilled workers in germany for a long time. now it's even harder, especially for solar cell makers. the surgeon energy prices has households re thinking where they get their power from. master roofers, sebastian, tom chick and his team have been on site since 8 in the morning. they want to get done today because the next job is already waiting. the demand for photovoltaic systems is huge, but a lack of work has means that many jobs can't even get started. that leads to frustration, yard oscillator, i tu

u. s. economy. now they're concerned about energy prices skyrocketing. how much of an effect do you think that is having right now and how far reaching of an effect are the shortage is going to continue to had, even if it, whether it be the president, the federal reserve, even if they are able to make some different changes that bring medley some temporary relief. yeah, well the number one issue in this mid term election is inflation, india economy. i mean, everything else, all the polls show that it dwarfs all the other issues. you know, and a democrats are running around trying to whip up this january 6th thing. and trump thing, i, the average american doesn't really give a damn about that very much, you know, and then they're using, you know, reproductive rights. and so for, that's a very small kind of the population concerned about that. the pocket book inflation hits everybody. and as i said, the fed, you know, they're relying on the federal reserve to create a recession. and if it's doing it very well, i, we're going to be in a deep recession by th