u. s. economy and for some industries to shut down a strike follows months of negotiations that reached an impasse. congress has the power to impose contract terms on the workers or force the talks to run into next year. let's discuss this further with our financial correspondent in new york, yann's quarter, yet, here in europe, we've seen all kinds of industrial action wages failed to keep up with soaring inflation. are there similar factors behind what we're seeing in the united states as well? no. what i would say a one civil effect. 3rd is sir pay or missile. that seems to be an agreement that we just serve. are going to increase by good 24 percent. that does sound like a lot, but i'm actually, those are real workers. so haven't seen any substantial increase in quite some time . and what difference i would say is that here in the united states, the working conditions are much rougher. the railroads have cuts tens of thousands of jobs and the past 5 to 6 years. meaning that the schedule for the

u. k . economy best. so i mean the, the, the, the damage to the u. k. economy, according to these quite sort of conventional indicators, is, is it overwhelming? you know, that it's a professor, you know, there are many people who have argued that the solution is just the return to the you rejoined the you. there are polls that suggest that there are protesting the st . demanding. this certainly is more complicated than that, but ultimately is there a way to repair the damage that has been done by breakfast. so alternately see the kind of economic stability and prosperity for everyone that you'd like to see. i think the problem that i've and it's true that you know there is now like a significant lead in the polls, cherry people, the people who believe breakfast, a mistake now significantly at number. those who believe that it was a good idea. i think no politician for quite a long time. well, no frontline position will demand that we return to the you because i mean an unfortunate to become a sort of untouchable topic for many politicians. i think partly

u. economy to grove. i only point 3 percent in $23.00. the outlook is rather bleak and all indicate us point to one direction. a weakening economy as rush us worn ukraine keeps energy prices high. why have a fun fact for you? more than 20 percent of the peppers and cucumbers grown in europe come from dutch greenhouses, clocking at at 9000000000 euros worth of export value. they're a huge factor for the dutch academy, but with energy prices through the roof, gas heated greenhouses have become quite a problem. but it's one that a pilot project in the southeastern part of the netherlands is trying to solve. he ws barber vessel reports. these are the greenhouses of peter mine and and for years his obsession has been to run them as environmentally friendly as possible. he specializes in sweet peppers and cucumbers and produces huge amounts of these such tools and toto our company. this is 50 heck s on the 15th as we grow 32 hectic suites us what we have as well as long if you come are that you can see here. we grow them about $30000000.00 piece

economy research center. thank you for joining me on upfront. as we just mentioned, the state of the u. k. economy is in shambles. the economist met kline analyzing what's happening right now even said take out greater london in the u. k. is one of the poorest countries in western europe. would it be safe to say that the u. k is no longer a major economic player in the world? well, by conventional indicators such as g d, p, and the size of the economy. of course the u. k remains one of the major players in the city of london. certainly is one of the major financial centers in the world. i think the real problem, the u. k. has had really dating back to the global financial crisis. 2008 is it seems to have a deep inability to generate prosperity from across its regions, but also a serious inability to create the forms of jobs and the forms of employment and the forms of business which are actually wealth. creating a g d p per head is not very impressive. and the overall effect of this is u. k. finds it harder and harder to actually deliver the standard of living that many people expect from a

how much will this budget help ease fears about the british economy being in major trouble? well, the fact is that the u. k. economy is really not in fantastic shape. so we're having inflation over 10 percent. ordinary people have seen a squeeze on their rio wages. and the u. k. economy has not recover to prepare them levels as yet, and is actually ferrying worse than other g 7 nation. so when the chance less announcing that it's all about stability and growth, for a lot of people, it will be clear that this is more, a long, medium to her plan and nothing that for them what happened in the near future. now it was the budget that caused the last prime minister to leave office. what's different this time around? well the new government out wanted to you and she had one big objective and that was not to cause ta mile in the financial market. so just to be boring enough not to see, for example, the pound crash and that's their one big old there to have this out to restore basically their credibility because the last budget and that was only a few weeks ago really brought that could their financial markets w

u. s. economy? well, you know, this is pompei o's tweet that somehow by assaulting russia or assaulting anybody. it saves people money. now, undoing something, stopping something saves money, but doing more spending more does not save money unless you know of a math equation. i have never been taught the ancient greeks coming up with geometry and the rest could have imagined how more is less. so this is an orwellian orgasm, like we've never seen before. it's double speak, it makes huxley blush in so many ways. this is just more nonsense, but the american public, at the end of the day lives paycheck to paycheck, like 7000000000, other people in the world by the way, know, health care that you can truly expect. no social security that you can reliably hope is going to happen some day. people are terrified, but the guys, the politicians, the pompei owes the senators and congress people that have just been re elected or newly elected. they're millionaires. they don't starve to death. they have unlimited

were dropping by russia to ask for some gas for the law more, or, you know, to power the entire e u economy. but then washington drop by for coffee and started bad mo thing, russia and encouraging brussels to get another of its neighbors. ukraine to go through, exit rushes, garage door, and now brussels is so deeply invested in that fight that they're now going to run it out of their own kitchen. because this tuesday, the you is set to launch a training mission for the ukranian army out of poland and germany that set to cost another a 107000000 euros, and another 16000000 for ammo and weapons. now, up to 20 of the use 27 member states are set to be involved with the command based in brussels, under the leadership of the you, general staff admiral ever. they bless y'all, and here's how the use chief diplomat yoseph burrell is describing the operation. the day important decision is due to launching all day training mission for the ukranian army. and some lot of countries who are willing to participate on these trend new mission, which will be training about 15000 your credential dish. you thi

u. s. economy. their top concerns don't involve ukraine and support for ukraine. yet you are all editions in the u. s. that continued to sign off on that blank check as you say. now, when it comes to the u. s. finally, taking a change in policy, do you think that that is going to be the result of public pressure or what do you think it's going to take for those politicians in washington to finally say that they are going to step back and focus more on the american people, good question, i do think it will come as a result of public pressure. if you look at the opinion polls the exit polls that we saw as people finished voting last tuesday in congressional mid term elections, ukraine appeared nowhere for the average american ukraine is nowhere near one of the top 10 issues facing the american people today. it's almost entirely economic in nature, and just as a general rule, americans don't care about foreign policy. this is coming from the white house and from the democrats in congress. that's going t

u. k. may phase challenging times during the next 2 years. jeremy han says is $66000000.00 proposal will lower inflation and boost the economy. the u. k . government also cut spending, but only after the next general election in 2025. where we challenge, how's the latest from london? over the previous weeks we've had talk of the grim decisions facing jeremy hunts and what he was going to have to do. and so when it came to it, yes, there was a slight dip in the pounds. there was a slight dip in the markets box that could be down to the fact that jeremy han painted a pretty dark picture of the u. k. is economy over the next couple of years? at least he said that we're in recession already. though his fiscal plan as he but it would make that the session shallower than it would otherwise be. and the markets i think for the most part of the moment or giving him the benefit of the doubt. and yes, 1st, privately developed rocket has launched into space. vicar mass was built by a start up with an engineering team of 200 people and it's just 2 years. it's carrying 3 payloads. and as equipped with tell him a treat, tracking camera and data ac

u. s. economy grew more than previously thought during the 3rd quarter of the year. the latest data puts g d p growth at 2.9 percent revised up from the previous 2.6 percent estimate precision consumption and a falling trade deficit helped power the expansion. economists are also expecting growth for the current quarter, although the trade deficit is growing again. long as let's bring on a financial correspondent in new york. he ends quarter. yeah, ends up one more. we learned about the u. s. economic situation because we've had a few figures out yeah. rough. i mean i would say in general, so far so good. tim and a growth of 2.9 percent is pretty good and economists are expecting that we will also see growth in the 4th quarter. even if estimates are all over the place at somewhere between a growth of one to 4 percent and the final quarter of the year. but you already mentioned consumption has been a one, a huge factor. and i'm always wondering how much longer can american spend that we already see they do spend was taking on more debt was credit cards them for exampl

u. s. economy. now tell you, i also want to check in with you on the crypto currency developments. now we've heard that the crypt broker genesis has suspended redemption of its lending arm. how significant is that move for the crypto market? you know, they've halted withdrawals. they've also halted loan originations, and they're blaming, of course, the fall of the f t x empire that we just recently saw. it has caused shock waves across the crypto currencies, markets. and it of course, has hit many of janice. this is business partners that includes gemini, the exchange owned by the week of os twins. and, you know, this appears to be a domino effect happening right now. hitting the values of crypto currency, which were already struck earlier this year. as well as the legitimacy of the market, which is written with fraud with scams and has been continually called right the wild west due to lack of oversight. teddy auster new york. thank you so much. indonesia has been hosting the g 20 summit this week and that's presented an opportunity for people there to speak up about the problems

u. s. economy. but people are also spending more on a credit. there is this by and i'll pay later method or also if you look at the credit cards, i mean all of those a debt is rising. so of, for now, there seems to be an urgency for one side from retailers until got the products out for consumers to shop. but the big question is, is that trend can hold if we might be looking at a possible a recession in the next couple of months. okay, ends. quarter kneeled for us. thank you. now, de covenant zation scene is essential to saving the planet from catastrophic climate change. countries across the world are encouraging investment in green technologies that also goes for those nations who have built their economies on fossil fuels. united arab emirates is among them divide. this glittering city was born out of the profits from oil and gas. now do the emirates one to become pioneers of renewable energy, with plans to produce a quarter of towards green hydrogen. the sun drenched city is surrounded by swats of desert on which the works. largest solar par

u and 19 major economies are attending, including russia's foreign minister. so gay love ross, who were present president flooded me a put him let's go live to bali. our diplomatic editor james pays, is that so james, when do president pipe and she meet well, we're told that the meeting should start about 30 minutes from now. we're told the meeting should be something like about 2 hours long. we're not putting an exact time limit on it, but they've got a couple of hours to talk. we think they might well be a, a break in the meeting at some point. we know that the 2 leaders will both be accompanied by key advisors during this meeting is important, this meeting, whether it will actually come out within the thing that changes and the thing that's not clear but what they want. i think both sides is to understand what their red lines are, what their limit saw, because relations between these 2 countries have been strained in recent years. and it's worth noting, this is the 1st meeting of these 2 men as leaders. now they've met before they met, when they were both t

u. s. needs to steer clear at the same time. this is an example of how geo politics feed into the economy, because this is the reason why the u. s. and china are strategic rivalries is because of these ideology differences. and these geopolitical differences feed into the economy because the u. s. doesn't want to help boost the chinese military by giving it micro chips that are produced either in the u. s. or through with allied taiwan. so it's imposed these restrictions. so taiwan is the central issue in these talks in, in macroeconomic terms, just as much as there is a geopolitical issue. now there's been increasing nervousness in the west about dependencies on china. for example, with photovoltaics. the majority of those are produced in china. did we see dependencies as an issue that was discussed today? i think hanging over the hang over these talks. first of all is the threat of global recession. i think that's the reason that the talks took place. and one of the things driving the possibility of a global recession has been the problems with supply chains with the, the supply chains because of covered and then because of o

u. s. economy has also been ranked by dismal predictions, as numerous stock prices have tumble today via phone c raised our policy interest rate by 75 basis points. and we continue to anticipate that ongoing increases will be appropriate and the recent inflation did it again have come in higher than expected. despite elevated inflation, longer term inflation expectations appear to remain well anchored as reflected in a broad range of surveys of households. businesses and forecasters as well as measures from financial markets, but that is not grounds for complacency. the longer the current out of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched us price inflation has been continuing to rise reaching 8.2 percent in september. as the national cost of living has also served past 6 percent. at the same time, the housing market has declined as 30 year mortgage rate have climbed to over 7 percent. so to discuss this further, it was cross live no

economy, bread and butter issues. i don't think afghanistan is high and their list is the truth of it and brighten, has pledged to use what he's called a shot gun to protect the u. s. economy from recession. what's your take on that statement? well ok, i think all he had to do was not engage in these sanctions against russia and we wouldn't have is economic problems. so they wouldn't be as bad as they are. now. i don't know what he means. honestly, it sounds like a, the murmurings of a madman. i, i don't know how you use a shock on to protect your economy, you know. but again, the u. s. is so used to going to war over all of its problems. you know, when you're a hammer, every problem looks like a nail and it a, that seems to be a quote that, that goes to that kind of mindset. really. i was a new day and across american. now when it comes to the continual funding of that, the kids will assets, people tiring of that was the was didn't need. the polls show that they are tiring of it. that slowly the polls are moving against continued funding of the ukraine. military, you do have some politicians, including kevin mccarthy, a republican congressman who would be spea

u. s. economy $2 billion a day, the president has said from the beginning, a shutdown is unacceptable. white house brokered tentative agreement celebrated back in september was rejected monday. congress could get involved if no new deal is reached, should come to the table in good faith. and get this done. get this done on behalf of the american people. the labor unions have raised concerns over harsh schedules, tired workers and little to no paid sick time proposed and rejected deal had increased pay and yearly bonuses. but the unions say it comes at the cost of workers. family lives, it becomes intolerable. you don't have the family time you don't have the time to get adequate rest mental rest from being on the road if one union decides to strike in december, all 12. rail labor unions will join american rail freight will grind to a stop. impacting commuters, food for consumers and farmers, fuel auto dealers, retailers and chemicals and something totally different when you think about the number of products that go on rail, including liquid natural gas and things like chlorine that he

u. s. economy $2 billion a day, the president has said from the beginning, a shutdown is unacceptable. the white house brokered tentative agreement celebrated back in september was rejected monday. congress could get involved if no new deal is reached, should come to the table in good faith. and get this done. get this done on behalf of the american people. the labor unions have raised concerns over harsh schedules, tired workers and little to no paid sick time proposed and rejected deal had increased pay and yearly bonuses . but the unions say it comes at the cost of workers. family lives becomes intolerable. you don't have the family time you don't have the time to get adequate rest mental rest from being on the road if one union decides to strike in december, all 12. rail labor unions will join american rail freight will grind to a stop. impacting commuters, food for consumers and farmers, fuel auto dealers, retailers and chemicals and something totally different when you think about the number of products that go on rail, including liquid natural gas and things like chlorine that h

economy in the history of the world. when the virus hit our, assures i took decisive action and saved lives. and the u. s. economy. and by october of the same year, america was roaring back with the number one fastest economic recovery ever recorded. how about all of the incoming administration and all they had to do was just sit back and watch inflation was non existant or southern border was by far the strongest ever. and because the border was so tight, drugs were coming into our country at the lowest level in many, many years. importantly, after decades of rising energy costs, the united states had finally attained the impossible dream of american energy independence, which sue would have turned into energy dominance. for the 1st time and memory, china was reeling back on its heels. you'd never seen that before because the united states was out doing them on every single front, and china was paying billions and billions of dollars in taxes and tariffs, the farmers know that because they got 28000000000 of it. no president had ever sought or received $1.00 for our country from china until i came along and we we

u. s. economy. meanwhile, following his recent meeting with the us, president, china's leaders, gigi pings said the asia pacific region is not someone's back yard to stage a power struggle. and victor gao from the center for china and globalization, i was speaking to him earlier. he believes that basing just wants to deal with international partners on an equal level. that's the exactly craziness i would call or you madness. that's about completely disregarding the fundamental interests of the people at the all and the, any of the european countries or in the world at large to talk about a wall with china. why should anyone, any country, having a wall with china? china is a peace loving country. china wants to deal with every country people's fault as an equal trauma has no desire and no intention of replacing the united states as the top dog in the world channel does not see in the fog. you become in the next the superpower, we were the founders of the international security order. and we have bee

u. s. to remain strong. so by knocking down the european economy, the euro has been holding and that has boosted us dollar. the u. s. has been the biggest beneficiary of all the sanctions imposed on russia since 2014 already. ready it was that perhaps even more b as in those days, because these were very, very one sided sanctions on europe, while american companies didn't have those sanctions. and so german companies were told, no, you can't deal with russia. exports, well, anything agricultural products or anything else. and they stopped and then american company stepped right and then supplied the same thing to russia. the european leaders should break free from that and admit that the sanctions are clearly not working. and that's all for now. be sure to check out our t dot com for all the latest breaking news and updates. we'll see right back here at the top of the hour. ah. so what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race. he's on a very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successf

u. k. economy. so this is not something that you know, you can dismiss and disregard the thing. is that the impression that awful is chief on chef or ethnic food snacks of faces. and i'm saying it because the whole idea that in someone's placene is more innovated and more sophisticated, they all tend to be restroom closings. this really upset me and i wasn't gonna have a conversation. i just priced it really high. perhaps such perceptions exist because the quintessential curry hath experience in written, not always a high class affair. indeed, restaurants established themselves as affordable like night wars welcoming broke his pipe from public and not. the word curry was used as an umbrella term to describe the swarthy spicy concoction, vol, asthma, migrated in the ninety's, and describe. so 1st dining experience the british curry house. as a culture shock, as i thought was so hideously decorated someone's house, looked like this in my childhood. and there was just so much cream and sugar. i just was amazed that there were all his people eating this, loving it. and i was like, y

u. s. economy is the top concern for most voters . reynolds reports for tuscan in the swing state of arizona, where many americans are struggling to cope with rising inflation. in tucson, arizona inflation has made father of to justin little's grocery shopping a lot more complicated. whenever we plan our meals, we usually go to unfortunate to the meet 1st to see what's on sale and then has come out to bill from there. so it always kinda depends on what is affordable at that time is depends on what you eat, your la puente, where you feel like you have no choice, but to go to the grocery store and her slater inflation is running at an annual rate of 8.2 percent nationwide and even worse here in arizona where in some cities, the rate is 13 percent. it's not just about food, especially with gas prices. it's ed said crazy eyes develop my tank with like 20 bucks. now it's 40 senior citizen, lannie bets who lives on a fixed income is tightening his belt. literally when it comes to food, we're doing our ri

u sanctions claiming that they are undermining the entire loss economy. the u once new sanctions only to somehow justify its misguided decisions that are harmful. it will be necessary to name those responsible after declaring that sanctions were a dead end, the leaders who supported the sanctions would have to come forward say that because of them, the european economy is close to recession and resign. that would be a normal reaction from those who did damage to europe by imposing sanctions or the russian. the foreign ministry spokeswoman also chimed in, claiming the use policies are only deepening divisions within the block. however, the european union's foreign policy chief, joseph burrell claims at sanctions against moscow and not intended to hurt any one but russia. he promised to help other countries adversely affected shoes engaged in russia. i specifically target to weaken the capacity of booting of russia to finance jawad the branch again, anyone else? also the consequences of this engine still. so countries have to be careful to measure it, but th

u. k. economy is the impact of brakes. it swati thing from the school of economics and a member of the bank of england rate setting committee told upon them as a committee the real wages in the u. k. were lower because of the brakes. it. it's undeniable now that we're seeing much, much bigger, slow down in trade in the u. k. compared to the rest of the world. the simple way of thinking about what backs it down to the economy of that in the period that happened after the referendum. that was very, very sort of the biggest depreciation that any of the world's 4 major economies. athene overnight that, that contributed to increasing prices reduced wages. the british government fighting to cut the number of asylum seekers crossing from france in small boats. but at the other end of britain's floundering asylum system, people already in the country awaiting months or even years to be processed and private companies providing them accommodation are making big profits from often poor quality housing lead barker reports or fatima.