u. s. i sit nice and busy on the trading floor there he ends 5 and says that this industrial action is gonna be a disaster for the u. s economy is, is he right? what sort of effect is it actually going to have? yeah, clearly, i mean, if we would see a strike that would have substantial consequences. economists, they're estimating that the u. s. economy could get it by roughly $2000000000.00 per day of 30 to 40 percent of cargo traveled. so through the rail system here in the united states, and then on top of it, you would have the computers being effected. some economists are saying, if a strike would go on for a couple of weeks, the 700000 jump theoretically, could be in jeopardy. but at the moment, at least, that looks like congress might intervene and when it comes to railroad. so congress actually has the power to pretty much force workers to return to work, even if they have not really gotten an agreement with the rail road company. which by the way, i saw an uptick here in the tuesday, a session because wall street at least is placing bets that a strike can be averted. the deadline is on december 9th. okay. i thought he

economy. how long do you think that the u. s. government is going to at least try to continue this on if they don't have the full american public support of this narrative of helping ukraine at any cost to the 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

u. s. economy. now today i also want to check in with you on the crypto currency developments. now we've heard that the crypto broker genesis has suspended redemptions of its lending arm. how significant is that move for the crypto market? here 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 currency markets. and it of course, has hit many of genesis 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 scans 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 present an opportunity for people there to speak up about the problems they face,

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. 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. 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

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. 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. 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 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 speaker the house if the republicans when saying he would at least s

u. s. economy to favor, greener solutions. i think outside of service will be very glad that he got that done before this new congress came in because some legislation like that really would not get through a divided congress. the republicans are much less interested in climate change. the democrats, you see that in all the opinion polling, there are some size, the republicans want to kind of put their stamp on a new kind of a climate change policy. kevin mccarthy, we just spoke about. there has been talking about coming up with a new approach, but this is likely to be in terms of doubling down on certain fossil fuels, for example, liquefied national, natural gas selling that is a clean, kind of alternative compared to oil. so not necessarily the kind of policies the international observers concerned about climate change are going to be looking for, but they will at least be please the buyer and got that legislation through before this new congress came and richard walker or chief international editor. thank you . so much now

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. economy is at, is a top concern that some say what is really at stake is democracy. let's take a look at the overall senate race for you there. we've got 40 for the democrats, 37 for the republicans, just to remind you that the republicans need 51 seats to win control of the senate from democrat them, cuz i need 50 because they have the vice president common harris's tie, breaking vote here. we've got a number of republican projected winners coming out already. florida. we've heard that marker rubio, he's been announced south carolina. we've got arkansas to in oklahoma, indiana, kentucky, and alabama. meanwhile, democrats are the projected winners out there in new york. that's a very, very deep blue's state. also vermont, not surprising. illinois, connecticut and maryland also called for the democrats. well, the big 1st big development, shall we say, the big, big one of the night so far has been in florida. is it been quite a substantial lea? i think quite such a significantly substantial lead for marco rubio with 57 percent of the vote that he's now got a 3rd term i

u. s. economy is playing in this boat, specifically when it comes to inflation and those skyrocketing prices that affect the entire country, regardless of their political affiliation. well, you know, inflation inflation is a powerful political issue. in every country, in every age. inflation played a huge role in the outbreak of the french revolution, for example, and it is politically the stabilizing issue. now we're not to imply that somehow it's to the point where it's undermining the stability of the american government. not doing that at all. what is bothering people to want to lash out to change whoever's in our vendor republicans and they had been way more creating the inflation republicans would be out. but i just think that it is never grads under president biden. they have been renting running without any back and he doesn't have gold backing. it doesn't have anything i can bring to the last 4 days and through our history, you can see whenever government written money, we do need women st

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. 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

u. s. economy is a top concern, but some say what is really at stake is democracy bottle and jordan reports the u. s. mid term elections have arrived. the turning point for control of congress and president jo biden's agenda for the next 2 years. voters say the country is in serious trouble. oh, there they go. nora rash, inflation and crime. you know, it's huge. she says, you're only going to get worse for that. make a change. her whole voting system is going to be on the line here. if we don't win the governorship, for instance, and if we don't have the least summit majority and lose in the senate, i'm in it. so this is critical. after republican spent months suggesting democrats would try to steal the election. the justice department deployed lawyers to more than 60 cities to insure there weren't any problems counting the vote. some republican candidates continued their fear mongering outside the poles. they may be trying to slow read soon. army but it's coming and we're going to take back arizon

u. s. economy. and especially out of time when we have a very important election, just a few days away is, is one of those cases where you're seeing republican lawmakers now paying attention more to what the american people are saying and saying that they are going to try to cater to that, especially when it seems as though democrats are doing the opposite in some cases. look, as people are driving on roads with potholes. here they're concerned about bridges and road infrastructure. here in the u. s. and a lot less about how, what the infrastructure in ukraine is handling it. you know, we need to rebuild the, our energy sector, our water in our own sectors in the us. i think the taxpayers are certainly feeling that and they're telling their members of congress. ukraine does not show up at the very top of poles as we have in this tuesday election. and i think again, congress men and women like marjorie taylor grain are hearing and pretty loud and clear from their constituents that they want money spe

u. s. economy. meanwhile, following his recent meeting with the us, president, china leader staging pings said the asia pacific region was not someone's back yard to stage of power struggle. let's take this further here on the program. now joining victor gao from the center for china and globalization a very warm welcome to you so great to have you on the program. so here we go again and we just how we get now from a european official. it's usually washington that says something like this. now the polish chief of defense is calling, well, basically saying that china is a long term threat to the region. your thoughts? first of all, i think the polish baker achieved. i do not know what he is talking about all. he is completely misreading the situation. all he probably wants to bring nato and the united states and others into a war. and this is no simple matter. this is really impacting our peace and war in the world. and i think as well, which will at agitate for a war between china and the united st

u. s economy billions of dollars. e back at the table tuesday to avert a freight rail workers strike in early december that could cost the 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. they should come to the table in good faith and get this done get this done on behalf of the american people. er unions have raised concerns over harsh schedules, tired workers and little to no paid sick time. the 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 into some ember all 12 rail labor unions will join american rail freight will grind. into a stop. impacting commuters, food for consu

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 just weeks before christmas foxes laura engel as the new developments.ike is inching closer to becoming a reality. on monday, one of the unions at the center of negotiations rejected an offer that would have provided workers with a 24% pay raise. if no deal is reached, union workers could strike as early as december, 5th just a few weeks before the christmas holiday, so much of the goods and services that we purchase are delivered on rail. if that strike happens , the supply chain problems obviously are going to get much worse, it could ultimately fall to congress to intervene and settle the contract negotiations . the white house is preparing for all possible outcomes. we continue to urge both sides to finish their work and good faith and avoid even the threat of a shutdown. the uncertainty taking place at the same time, drivers will be paying more for gasoline this thanksgiving than in years past, however, the national average is down roughly 16 cents compared to a month ago. recent economic data has economists and investors questioning whether inflati

u . s. dollar, which has been crumbling and ensure that the 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 goi

u. s economy before election day and inflation is a main concern for voters. breaks down the report for us. the latest jobs report coming in hotter than expected, 261,000 jobs added in october, a strong showing despite a string of aggressive interest rate hikes by the federal reserve to cool inflation. this is a very decent jobs number. the report offers the last snapshot of the country's economy as millions of voters get ready to cast their ballots on tuesday. democrats are quick to tell the labor market's resiliency. economy continues to grow and add jobs. even as gas prices continue to come down. we got a lot more to do, but some say a robust jobs report might not be enough to win over voters with inflation at an annual rate of 8.2% they're saying, yeah, i mean, i've got my job. i'm a have gotten a good raise over the last year and a half two years. but the reality is that you know what it's not going as far because inflation continues to be stubborn job growth beat expectations. there are signs that hiring is slowing down. last month's numbers are lower th

u. s. economy trains move about a third of all goods in the country, and a strike could cause shortages from gas to food and automobiles. our country literally cannot afford a shutdown of the real network. this is a an economic calamity waiting to happen, and it's something that's completely preventable. a previous strike threat in september was averted with an 11th hour tentative agreement, but the rail union workers narrowly voted to reject it last week, the unions say the main sticking points remain adequate paid sick time and attendance policies. the rail operators say the deal offered has the most generous wage package and almost 50 years of national rail negotiations. court hearing is scheduled tomorrow for the man accused of attacking paul pelosi. superior court records show. david to pop has a hearing at nine o'clock tomorrow morning in san francisco. he is facing both local and federal charges. san francisco district attorney's office is charging him with attempted murder, elder abuse and

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. they 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 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 something totally different when you think about the number of products that go on rail, including liquid natural gas and things like chlorine that helped

u. s economy added 261,000 jobs in october. economists are calling it a mixed picture.report is not consistent with what a lot of major ceossion right on the horizon. it's certainly just doesn't look like that right now. employers are still hiring healthcare, professional and technical services and manufacturing saw notable job gains. but the unemployment rate rose from 3.5 to 3.7% still, the job support is a bright spot for the president who has received negative marks for his handling of the economy. the white house is dismissing fears of a potential recession. for now, we've had probably a 10 year run here in the united states america of a pretty solid economy somewhere in the future , there might be a recession. however some companies are sounding alarm bells. amazon announced the hiring freeze while lift stripe and chime all announced layoffs, citing concerns about the economy. i don't think we'll see a recession through the first half of next year, but i think there's a higher probability for unemployment to go up in a recession to hit in the second half of the ye

u. s. senate, in what is considered by many to be one of the most competitive races in the country. he touched on the usual topics, border security, u. s. jobs the economy under biden's pelosi schumer and the radical democrat congress. your commonwealth is being totally destroyed. our country is being destroyed, biden. and the far left lunatics are waging war on pennsylvania energy, crushing pennsylvania jobs, gutting, pennsylvania communities and strangling pennsylvania families with soaring prices. like you've never seen before, trumps evening rally as part of a late blitz that will also take him to florida and ohio. at arrival, rally 4 hours away in philadelphia, president joe biden appeared with his old boss, barack obama to endorse the democratic nominees for governor and senate biden called the upcoming mid terms the election of a lifetime. yeah, guns going to shape our country for decades. the gum and the power to shape that outcome is in your hands. 2 years ago, 2 years ago use that power to make donald trump not only a former president, what you made him, a defeated president barack obama told the crowd that abortion rights, social, security an

to start talking again. relations between the world's 2 largest economies, they have fallen to levels last seen when richard nixon was u. s. president. for decades, business ties have pulled the u. s. and china and the global economy closer together. but those forces are now working in reverse chip. technology is now part of national security pitting china against the us, china's military rise, and it's claimed to taiwan when they are the ingredients of an invasion that the pentagon would not be able to ignore. china in the us are increasingly pulling the world into 2 different directions. the economic costs are already sky high, but a military conflict. it would exact a price that no $1.00 wants to pay. and that brings us to today's important talks between joe biden. and she's in pain, we have this report after months of simmering tension, the leaders of china and the u. s. struck an optimistic tone in what president joe biden called direct and straightforward talks during their meeting ahead of the g. 20 summit in barley, tony's president, she's in ping told his u. s. counterpart that the 2 nations share common interest

u. s. economy is the top concern. the issues of abortion, crime and immigration are also weighing on the minds of voters making this the most decisive mid terms in years. but some say, what is really at stake is democracy. we have correspondence covering the elections in various locations across the united states. first, let's hear from our white house correspondent i'm kimberly help here in washington where americans are set to deliver a verdict on president biden's agenda. the outcome of this congressional vote could determine what he can accomplish with the remainder of his presidency. ah, then i'm john 100 in georgia where the us senate race between herschel walter and raphael gorda is shaping up to be a nail glider. and i'm gabriel xander in pittsburgh. pennsylvania will all be closely watching the senate race here. between the republican met mid oz. a trump backed celebrity doctor and the democrat john fedor, men, a plain spoken lieutenant governor who wins this race, could help determine which party controls th

u. s. economy is a top concern for people heading into the ballot box reynolds report from the state of arizona where many americans are struggling to cope with rising inflation. in tucson, arizona inflation has made father of to just in littles, grocery shopping, a lot more complicated. whenever we plan our meals, we usually go to unfortunate, go to the meet 1st and see what's on sale, and then it's kind of developed from there. so it always kinda depends on what is affordable at that time is depends on what you eat. again, the point where you feel like you have no choice but 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 said crazy eyes to felt my tank with like 20 backs. now it's 40 senior citizen, lannie betz, who lives on a fixed income is tightening his belt, dra, literally. when it comes, the food we're

u. s. this is very, very important for them to help the economy grow. and but the u. s. needs the 0 coven rules to be relaxed, and it wants more reciprocity from, from china. it wants more of a it basically they need both sides need to relax a little bit while at the same time, maintaining this systemic rivalry. so there's going to be a lot of juggling going on. but so far the signs are positive, dw clifford conan or resident china analyst to for thank you. now before heading to the g. 20 summit in indonesia, german chantelle, all of shells, has been visiting vietnam and singapore to gauge opportunities for german business . there. germany wants to reduce its heavy dependency on china, mature political tensions earlier. my colleague richard walker, i spoke to z mense c o rowland bush asking me whether it's time for german businesses to diversify. it depends on how you define, define it. if diversity cation means doing less than china, instead of doing more business and others, i don't believe this is the right thing to do. i think it's doing additionally more in other