u. s. economy, this is not really welcome news for many, which is why today we saw more than 300 point rides in the am, turn into a near 450 point decline at the close. okay, so it's a bit of a mixed bag. i want to talk more about interest rates low because the federal reserve, the u. s. central bank is you to meet later this month to discuss a possible interest rates rate hike. how will these figures affect their thinking? well, the federal reserve is said non stop this week alone, that aggressive rate hikes are coming more high hikes. they're not going anywhere. so that's exactly what venture jerome powell said, and that's what's gonna happen. we're going to see more hikes. they said so it's already priced in the markets. but now the real question is this, if more data like this hits the takers before the feds upcoming re meeting, and i believe it's the 3rd week of september. if more data like this comes out, will the fed then be forced to ease its aggression and just high rates on a lower level,

u. s. economy is i like to describe it. they overreacted today relative to this news, and you know, in a couple days it's got to go bouncing back up again. you can take this day to day volatility and read it as anything more than the, the nonsense from high speed trading. this is a market problem, not an economic problem. ok, right safe, we ought to focus on the economics. how would you say the u. s. economy is really day because the figure is paints a mixed picture to the layman. i mean, you say spending is high, consumer demand is high, demand for work is as strong as i understand it. inflation is high, but not as high as it was last spring. we talked about the spending. so is it doing well? is it doing badly? absolutely is doing well well it, we have a 3.5 percent unemployment rate in the nation right now. the us, your production is an all time high level. there are 2 job openings for every person looking for a job right now. and as a result of that worker earnings are going up with the fastest pace they have in 30 years

u. s. federal reserve bank will be able to maneuver some kind of soft landing. amid all of this economic pain, experts are saying this is actually a warning that the future of the u. s. economy could look massey. now the u. s. public is not thrill with what they're hearing from the white house and gas in the right. like food prices had been going up, so i do see it badly, potatoes a tricity actually gas has been born up as well ago. my mother actually she to call me a couple days ago telling me that her prices like spike like skyrocketed even. will you eat now? the supper? you michelle? you go for next that you got perfect because you don't know if you're going to rush lunch. you know, there were you used to right now? well sir, he says very expensive for people that can't afford to michael series. now at this point, we have the biden administration celebrating on tuesday, the passage earlier of the inflation reduction act, which is a piece of legislation. it includes no tax law changes, it includes issues, address, and climate change. health care is also included in it. it's called the inflation reduction act, and we have the binding ministration celebrating this, that the

u. s. economy. this month we saw some price increases slow from the month before at the grocery store. now it's far from being true. we saw an increase in inflation by 8.3 percent in august, and consumer price index indicates that the cost of every day good america, the purchasing are continuing to go up. and people are hoping that us federal reserve bank will be able to maneuver a soft landing amid all of this economic turmoil. and we've got expert saying that this seems to show that it could be assigned things are going to look massy. ahead in the u. s. economy now the american public is not thrilled with the home that they're hearing from the white house. here's what american had to say, like food prices had been going up. so i do see emphatically potatoes. and it shows that actually the gas has been going up as well. my mother, actually, she called me a couple days ago telling me that her prices like spike like skyrocketed even. will you eat now? the supper you make sure you got for next that y

u. s. economy. now, the american public is not thrilled with the tone that they're hearing from the white house. here's what american had to say, like food prices had been going up. so i do see emphatically potatoes and it shows to the action the gas has been going up as well. my mother, actually, she called me a couple days ago telling me that her prices spike like skyrocketed even when you eat now the supper you make sure you got for next that you got perfect because you don't know if you're going to rich lunch time. you know that way you used to right now world series is very expensive for people that can afford to buy groceries. now on tuesday, joe biden was celebrating the passage of the inflation reduction act was a piece of legislation that was pretty broad looted tax reform. it included climate change issues as well as health care concern biden administration, the inflation reduction out of the big victory ahead of the mid term. meanwhile, the actual economic data doesn't mean to back up the

u. s. economy goes in recession next year as we, as we think. and that's driven by a significant tightening cycle. and that leaves a lot of countries, hon, both through that finding a financial conditions delivered by that stronger dollar rising us interest rates. and also then by the drag, we a u. s. in a u. s. consumer i t c u s. is really critical illness and still place it's a saturate global financial condition is to some extent, at least good, happy with some times in the costumes can thank you very much and then keep indian movie revenues have risen every year for a decade, reaching around $2000000000.00 in 2019, before the pandemic started. but most recent releases have bombed the box office. on 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 dane, india, ticket prices have been slashed to less than a dollar. many shows or so it out properly. i

u. s. economy by 2030, and no signs of el dorado for el salvador, one year after it made the coin legal tender. welcome t d w business. i'm christy platt's number lynn. apple is expected to announce its new i phone model today that's a little earlier than in previous years. it could be with hopes that an additional week or 2 on the market will have a positive effect on the quarterly figures. now holding a hybrid event online and in person marks another change to the way apple has been doing things. and more changes could be ahead when it comes to where it makes its gadgets. the i phone is apple's flagship product. nothing else means more to be american tech giant than the iphone does. almost $41000000000.00 worth of iphones were sold last quarter. that was just under half of apples. total revenue. i phone production is almost entirely based in china. and apple is becoming where you have this dependency. china 0 koby policy and strict locked downs paralyzed. it's partner fox con, which makes the pho

u. s. decades of rapid growth had led to predictions. it would become the world's biggest economy by 2030, but china's pandemic response and the real estate crisis there have changed the picture now with growth and exports faltering. some economists say china might never overtake the u. s. let's bring in so it's on han in taipei for more on this. so thanks for joining us. what does this slowing growth in august tell us about the condition of the chinese economy right now? yes, christy, at a time when most countries around the world have relax, epidemic control measures in china at least 74 cities and 313000000 people have been under 4 or posho locked down since late august is a big blow to the chinese economy. especially when china needs to rely more on domestic demand, their exports, and not only china's asper growth slow due to weakening external demand, but also the global economy is likely to slow down. the key challenge at china faces is how to ballast domestic comic activities and content cope it al, brakes. okay, was pretty tough situation for china. it sounds like, does th

u. s. economy? it's a little bit of both. the truth is it depends on who you asking what they're focused on. because regarding jobs, if someone is looking for a job and they got one, that's great news. welcome back to contributing to society, good job. but someone, if there's someone out there struggling to find the job and still can't find one, then you read this in an applies of the doors of a hiring opportunity is closing. now regarding interest rates, i mean raising rates in attempt to ease inflation in the nation that keeps finding it harder and harder to afford daily life. that's not really going to be celebrated . now, what business really wants to open or expand the market like this? be us when profits are steady, but costs are rising. that hurts the bottom line for a business, and wilson's business is run, the us economy. this is not really welcome news for many, which is why today we saw more than 300 point rides in the am, turn into a near 450 point decline at the close. okay, so it's a bit of a mixed bag. i want t

u. s. economy by 2030, and no signs of el dorado for el salvador, one year after it made that coin legal, tender. welcome t d w business. i'm christy flats, and in berlin. apple is expected to announce its new i phone model today that's a little earlier than in previous years. it could be with hopes that an additional week or 2 on the market will have a positive effect on the quarterly figures. now holding a hybrid event online and in person marks another change to the way apple has been doing things. and more changes could be ahead when it comes to where it makes its gadgets. the i phone is apple's flagship product. nothing else means more to the american tech giant than the i phone does. almost $41000000000.00 worth of i. phones were sold last quarter, that was just under half of apples. total revenue.

u. s. economy be then? well, the impact will be in the federal reserve already laur to the estimates for economic growth. they increased the estimates for the unemployment rate them in the united states. so the problem is the federal reserve probably started to, to erase interest rates and too late. meaning the economy is already shown some signs of weakness, but money becomes more expensive and more expensive. and more expensive, meaning that companies, for example, with, to invest less and that will address the economy. it will bring a higher unemployment rate here in the united states if it will eventually lead into a recession. that's the big debate and that remains to be c. r for last correspondence caught in new york there. thank you. yes. i had several of not some of the other stories making headlines around the world today. lithuanian government says it will assess each visa application of russian citizens who try to avoid mobilization individually. the interior minister, i said there are already ex

u. s. economy, technically in a recession, the u. s. senate has agreed on legislation to send an extra $12000000.00 and military and economic aid to ukraine. there's also a pressure supplied with out of the advanced air defense systems. now kia has been pushing for months for the pentagon to provide the advanced not psalms, so as to where miss all systems. but as the u. s. has already allocated, can you get this nearly $55000000000.00 of spending to support ukraine, including the high mas rocket launching systems that authorities and don boss. i have been used in a tax on residential areas. meanwhile, ukraine's president zalinski has rejected peace talks with russia, say, negotiations are impossible, but rarely that ever she rushes, implementation of the so called crimea scenario. and another attempt to annex ukrainian territory will need that there is nothing to talk about with this president of russia. while this is clear and obvious. lever, todd, or usf off lieutenant colonel chiron quit. cowski says at peace in that part of the wo

u. s. said that he would m supply the e with the gas is, is that is a realistic well, i think, you know, the direction the u. s. economy looks like is going to slow pretty dramatically as the funds are, raises interest rates, which is doing. and again, this week, i think it's going to slow even faster than it is right now, is, are kind of signs that the, you know, 4th quarter will be a recession. if that happens, you know, there's going to be a lot of excess. so oil in natural gas in the u. s. and, you know, the u. s. will try to deliver it. there's some problems with the ellen g tankers ships as to how much they can get to them, but they have, they got plenty of oil, oil tankers. so i think some of that, you know, the u. s. will make any promises, but i think that's going to be another source with europe. we'll be able to draw on the middle of winter. we'll have to wait and see how that plays out. professor of economics and politics at saint mary's college of california dot jack rasmus, thanks very much for your thoughts today. how nazi my pleasure. ah, desperate american soldiers on their families should consider usi

u. s. entering it's 3rd year in a row of a rising inflation president biden. remains very optimistic. today's data shows more progress in bringing global inflation down in the u. s. economy this month we saw some price increases slow from the month before at the grocery store. geopolitical analyst on podcast host, a tom longo told me earlier in the program that biden is trying to white wash himself ahead of the us elections. he's got a tough election fight on the fans in less than 2 months, and that's where he is at this point. so they're trying to do the best they can to, you know, just put the best spin on what is in her rick, cpi report, i mean, all the way across the board. the reaction this morning to the capital markets and from commentators and whatnot is just been stun. they've been just on that was down on the final points. the goal was down 30 for hours. i mean, it was just a bit of board bath all the way across the board. the big thing i've been watching is credit spreads between us dad and european debt. because i really do think that the europeans are the most vulnerable to extreme reaction by the fed. and i think the, the consensus is now we're starting to

u. s. economy. so i think there are very tv or gainers, and this is so, so it is not true what they say. do you think it's probable that this was an act of sabotage? and if indeed investigate has confirmed that. what do you think could happen? i mean, no doubt it would further damage relations between russia and the european union. well, if this was a summer task thing, then we have more quite a few problems. number problem number one is of course the environmental problem. wherever this is causing huge damage to the damage to the gentleman, to the swedish environment, which is around to this place, this is number one. so whoever did this is made environmental catastrophe. and he could, he could not claim anything with fear to environmental product. was this would be just the hoax when he would say this hypocrisy. the other thing, it would be us, those who somewhat it would show themselves as any of germany. so working together would be hardly possible anymore. and don't forget that nearly everybody

u. s. economy, and in fact, the labor market is still strong with unemployment. so at record lowes, but this is certainly a pivotal moment for the president and for democrats because we are i in the mid term congressional elections, which is coming in less than a month and a half time. i. and so that is something that democrats are trying to continue the momentum they've felt throughout the summer on the good news passing their legislative package. inflation seemingly coming down, but said de, that certainly throws a wrench in that narrative. thanks for the hardy, j. castro, there for some washington dc. now the u. s. secretary of state antony blinkin has spoken to all manias, prime minister as a by johns president, urging them to seize whole. stella sees early, i mean yes, prime minister that 49 of his soldiers were killed while as a by john said it's lost at least 50 of its troops. both sides. blame the other for the flare up in violence. in the early hours of tuesday, i spoke to both of urge them to do everything possible to pull back from all how many conflic

u. s. economy. and so i expect that energy prices will rise for many, many companies from the small business world class. and then the government will say body and friends from the, the least people get a from the tax payers. and that takes pass our sucks out like never before. so this is a concern to demolish today. your be german made us that it will add to the european project because the german middle sent, he's the one who keeps everything alive. over to italy now where rival milk producers are bringing the alarm as costs have shot up almost 50 percent, which is priced many customers out of the market. now the country 3 main producers have set aside their rivalry to demand that the government take some action. industry rep, marlena barracka says that the producers have been left with little option due to rising energy costs. leslie that we and producers are in a great crisis because we have to increase the price of our goods. and many people obviously won't buy anything anymore. all prices are

u. s. economy . and so i expect that energy prices will rise for that and many, many companies from the small business world class. and then the government will say bodies and friends from the, the lease people get paid from the tax payers. and that takes care of sucks out like never before. so this is a concept to demolish today. european, the german middle sat and that it will add to the european project because the german middle sent, he's the one who keeps everything alive. rival italian milk producers are bringing the alarm as costs of shots, almost 50 percent pricing, many customers out to the market and the countries to main producers and are putting aside the differences to team together undermine that. the government takes action industry representative marlena. barrenca says that the producers have been left with a little option due to rising fuel and electricity costs. let me introduce zeus are in a great crisis because we have to increase the price of our goods. and many people obviously

u. s. economy this month we saw some price increases slow from the month before at the grocery store. oh i, let's discuss this further now. crossing life to geopolitical market analyst a tom longo, also host of the gold goats and guns podcasts at home. i read your articles every week you see one of the very few remaining voices of logic and reason in the world . you also seem to be terribly accurate in the general forecasts of geo politics and economics. so thanks for joining us there on the program. is president biden being optimistic or perhaps too positive about the economic situation in the us right now? i think joe biden isn't a tom and we've just lost the signal here. when are you into national? do apologize to both tom and you are viewer. we will reestablish that signal in just a moment here on our team to national is bound to be a very good shot do. if you would please bear with us. for the meantime, europe might be trying to turn russia into a global pariah when it comes to its energy resources. but in africa, it seems they are keen to top out. moscow is expertise in the fiel

u. s. economy. and so i expect that energy prices will right, that many, many companies from the small business will collapse and then the government will save bodies and friends from the art like unit where bill of where it's like in the bar, who is the chairman in the world we cannot make form, so these people get a, from the taxpayer and the text passed out like never before. so this is a concept to, to demolish the big european, the german as meadows that and that it will and the, the european project because the german meters then is the one who keeps everything alive, everything back to 2008. when we had the financial crisis, then the government tried to solve it 5 to printing more money. so did that actually work back then? do you think that can be used to say the energy market now? well, they pretended to, to solve the problem, but actually they didn't solve anything. what they did was they held out their bodies in the banks, and that was all they, they just helped them so, and this time the

u. s. economy. a deal now goes to the union to be voted on spanish police say they've arrested the hand of one of europe's biggest money laundering rings. john francis morrissey was taken into custody in the country south. on monday. it's alleged his criminal network wounded up to $350000.00 a day, using the sale of high and vodka to restaurants as a cover. the ring was dismantled during a joint international neuro poll operation, known as white white wall lease started tracking the group off to seizing cocaine and cash hidden in cars. in malika last year. thousands of warners streaming into a central london hoping to see the coffin of queen elizabeth the 2nd. right now. the q long river thames is around 8 kilometers long and getting longer. when 300000 people are expected to make it to westminster hall before the state funeral on monday. and fisher reports from under the lane, no stretches, kilometers the wait more than 6 hours. but people continue to come, refusing to be the tad waiting for the mo

u. s. economy foreign policy, you name it, i mean, it's really is an important year all around. well, biden, in particular, is i think off the charts in terms of this kind of thing. i mean, he goes way back. he, you know, he would use, he's always been sort of called by young, domestic television before he became president. you know, gath prone joe biden and it has only gotten worse in recent years. i don't, i can't think, you know, i'm 59 years old. i can't think of any president who comes close, harris is just sort of somebody who is just sort of unlikable by american standard. so the gap is sort of neither here nor there. her popularity is really in the toilet. you know, it's a lot of democrats do you really do not understand how either of them could really be the more money in 2024, even though the democratic party keeps insisting that bind, we'll run a gun. but let's get serious. he has certainly a lot of questions there. now, given everything we've heard from both biden and harris, i mean, does this raise the question for the average american of who is actually running the

u. s. economy respect to the world, you to be has dropped 30 percent from $56.00 up to where will to, to about 25 percent a day. so it is no longer necessarily the most important courtesy for trade a so to speak, and russia and china together. it's not what the u. s. could possibly mean by military forces, especially washington. china has been strong pallets in the shanghai corporation organization, which is a ration political, economic insecurity. organization that covers 60 percent of the area of you ation 40 percent of the was population. so and russia and china has already disco asked for transition in his own currencies, especially what she has rubles, has found a strongly higher to last years. so now, especially now that russia has asked in this fault, so caught and friendly countries too, by russia rubles. so this proves that, well, let's pull up the well could, could have had high capital w, s. dollars. thank you so much for joining us on the programming, sharing your expertise with as we'v

u. s economy hasn't seen rates as high as what is projected since before the 2008 financial crisis. decision by the feds expected tomorrow, the benchmark rate is already the highest in 14 years happening today, world leaders are gathering in new york for the 77th session of the united nations general assembly. the first in person gathering since the beginning of the pandemic this morning, u n secretary general antonio guterres told the general assembly nations are gridlock in colossal global dysfunction and aren't ready or willing to tackle the major challenges that threaten the future of humanity and the fate of the planet. he said. the only path forward is cooperation and dialogue. president biden addresses the general assembly tomorrow time is 7 14. at least one person was killed in mexico and a large earthquake on the pacific coast. it was a magnitude 7.6 quake centered in the central part of mexico. one person reportedly killed in the ports city of manzoni. oh, we're a wall collapsed at a shopping mall. now the quake was felt almost 300 miles away in mexico city. people were ru

u. s. unions and railway companies reached the agreement after 20 hours of intense talks with whitehouse, atlanta shut down would have dealt a blow to the already struggling u. s. economy. the deal now goes to the unions to be voted on. this is a win for tens of thousands real workers and for their dignity and the dignity of their work. it's a recognition of that with disagreement. railroad companies will be able to retain and recruit workers. they'll be able to continue to operate effectively as a vital piece of our economy to the american people. this agreement can avert a significant damage that any shut down would abroad. our nation's rail system as the backbone of our supply chain. sweden's prime minister has resigned after her government was defeated in sundays election. dylan anderson's center lashed block now or last to block of right wing parties for race reports from mama mclean anderson 100 in her resignation to the speaker of the swedish parliament at about 11 am stock home time. a very low key end to a remarkable 10 months in charge. she became sweden's 1st ever female prime minister made the historic decision to take the country into nato. and indeed, she

u. s economy, like others around the world faces challenges. stocks plunged in response to palace comments. we are talking about a jigsaw puzzle. that is so intricate and where most professionals in most investors have never had a situation like this. chairman powell recently warned higher rates would bring some pain. no one knows whether this process will lead to a recession or if so. how significant that recession would be a chance, not a big chance of small chance of a soft landing is a chance of a mild recession, a chance of a harder recession. economists and drivers continue to watch gas prices prices climbed wednesday for the first time in roughly three months, bringing the national average to 3 68 a gallon in washington. mark meredith fox news facebook parent company, meta is looking to reduce costs by at least 10% in part through staff reductions . the wall street journal reports the cuts are amid stalling growth and increased competition, the menlo park based company has begun quietly nudging out a significant number of staffers by reo

u. s economy seeing a slowdown in hiring last month, 115,000 new jobs were added in august that's down from 526,000 added in july, american jobs machine continues comeback america workers are back to work anymore. manufacturing more building an economy from the bottom up in the middle out. the unemployment rate jumped to 3.7% it went up for a good reason we saw 786,000 people enter back into the labor force. that's one of the biggest numbers we've seen in years. economic experts playing to slow down on recent interest rate hikes and high costs. there were job gains in several areas, including healthcare and retail trade wages to 5.2% annual rates do not keeping up. the pace of inflation has been continued signs of weakening with major companies such as peloton, remax and bed bath and beyond announcing layoffs, you still have that gap between inflation and wages that workers have lost about 3% in terms of their real wages, and that that's a real pinch perfect families. friday's report will play a major factor later this month when the federal reserve decides whether or not to hike interest r

u. s economy, like others around the world faces challenges.cks plunged in response to palace comments. we are talking about a jigsaw puzzle. that is so intricate and where most professionals in most investors have never had a situation like this. chairman powell recently warned higher rates would bring some pain. no one knows whether this process will lead to a recession or if so. how significant that recession would be a chance, not a big chance of small chance of a soft landing is a chance of a mild recession, a chance of a harder recession. economists and drivers continue to watch gas prices prices climbed wednesday for the first time in roughly three months, bringing the national average to 3 68 a gallon in washington. mark meredith fox news and here to talk more about this consequential move by the feds today is financial planner james mcbride of the mcbride group, james. always a pleasure to see you, inflation boy, it is just running too hot. you know, it sure isn't anybody that's been to the grocery store or tried to fill up their car o

u. s economy something of upwards of $2 billion a day and the energy sector could also be hit particularly hard here. that's true, but i want want to remind everybody is a ranges of numbers , and it depends on basically how bad your assumptions are a good year. assumptions are so yes, there will be a dollar impact on the economy. but we're you know, we're trillions and trillions of dollars economy so, but even the $2 billion did number gets kind of rounded off. so the real question is how quickly can the parties come together and reach to that end here. what? what what do you think the likelihood is it sounds like you think there's a decent chance that we can avoid this strike altogether. what do you think? are the steps that that that congress that the white house is going to take here in the next couple of days to make sure that we avoid what potentially could be a disaster? well, i think congress and the president can basically only give the more legislative time for the parties to be required to meet before the strike can become active. and so the real result in the execution of the de

u. s economy. well the conventional definition of a bear market is one where stock prices have fallen 20% or more from some recent high water mark in this case there down a bit over, 20% say from the beginning of the year on average, so that's why we've been talking about a bear market this week. okay so from wall street, let's move now to main street, and i want to go back to that. bank of america. survey half of the workers say james that they have taken action to try to deal with financial strength. 21% have worked additional hours 21% have dipped into emergency savings and 20% have searched for higher paying jobs. what does this tell you about the toll that inflation is taking? well what it tells us is that people are trying to cushion the blows of these surprisingly high inflation rates. it is true that we all have less real spending power than we had a year ago because of the high inflation and it's not unusual work to see prices surging much, much more quickly than wages and salaries do but

u. s. so much so that's some have claimed this is a control demolition of the european economy a least unconfirmed document by the rand corporation in american nonprofit global policy. think tank financed by the u. s. government contains a report titled containment of germany for the united states and the world detailing and a parent call to collapse, the german economy. the only feasible way to guarantee germany's rejection of russian energy supplies is to involve both sides and the military conflict in ukraine are further actions in this country will inevitably lead to a military response from russia. even if the restriction of russian supplies is limited to 2022, its consequences will last for several years. not only will it deliver a devastating blow to the german economy, but the entire economy will inevitably collapse. in other words, the u. s. is provoking russia in order to force berlin to impose suicidal sanctions . the a proxy war? it's worth noting that back in february, before the conflict in ukraine began, biden's that this, when asked what would happen if russia took military action

u. s economy today with the release of the august jobs report, the economy added 315,000 jobs last last than the surprisingly strong, 526,000 added. in july, the unemployment rate rose to 3.7% in the first increase since january. so right now, there's a big debate with economists on whether they're going to raise the federal funds rate by one half of 1% or three quarters of 1% and you know, my take on it is that this job market is still pretty hot. i mean, it's just amazing how many jobs you can create. no other nation could do this. economists are also keeping an eye out for the next consumer price index report, which measures inflation that will be released on the 13th. then the federal reserve will meet on the 20th to look at both reports and decide how to raise interest rates. stocks slade despite the solid jobs report, they rallied in the morning but lost their gains. by the end of trading. the dow was down 337 points. the nasdaq fell 1 54 and its first six day losing streak since 2019 and the s and p finished 42 points lower . the controversial app parlor is making a comeback it i