in the mass celebrating palm sunday you re watching bbc news. now it s time for talking business. welcome to talking business weekly. let s take a look at what is on the show. the rise and rise of the ai chat bot. the great global artificial intelligence race is under way as chat gpt takes the world by storm. this humanlike tech is wowing people across the globe with its ability to hold a conversation and even create computer code but as we hand over the keys to technology should we be more worried about the consequences and what could all of this mean about the future work? i will discuss all of this with these two. a director of technology from the un and a recruitment expert who specialises in what it means to be a human in this ever evolving workplace. also on the show i sit down with the big boss of the world bank and talk the lending battle between the us and china, how fund the developing world and weathering our economic storm. wherever you arejoining in wherever you
you will see more and more lethal weapons going from china into russia. this is a red line, if this happens. you can t bifurcate them, they are joined at the hip and it extends to iran and north korea. todd: alexandria hoff live from washington with more. alexandria: the two spoke for four and a half hours yesterday over a six-course meal and president putin admitted russia envies china. china has made colossal leap ahead and it is causing interest around the world, we even feel a bit envious. we will discuss initiatives and cooperation in the international arena strengthen the global order. president xi told putin under your strong leadership russia has made great strayeds in prosperous development. russia said it is open to hearing how to settle the war in ukraine. according to the white house, china has not provided lethal aid to russia off the table and john kirby adds any peace proposal would only favor russia. we hope president xi will press president putin to c
credit across the economy whether it s to businesses large and small and/or u.s. households. a big problem here, neil. neil: and are you worried about the banking situation? it seems like whack-a-mole, and a bank arrives and pac west the latest and what do you make of it? the sense that we ve never seen bank stocks fall so much without the economy eventually tripping up. even when the banks falling in the late 90 s, and before the 08 crash. the bank stocks fell way before, it s the banks and subprime lending never be the regular markets, that s solid and the whole thing went to a cascade. and to be a little more positive about it, we haven t really seemed to fall what you see in a recession, but the rates have gone so high, but we haven t seen a rate climb. neil: and breaking news at the border and elsewhere, danielle
on that. actually in the last nine months because of the work we re doing inflation has gone down 45%. that s moving in the right direction. still higher than wage growth though. no question about it. it s going in the right direction. jobs up, unemployment down, inflation has gone down, which means the economy is stable and strong. it doesn t mean you don t have challenges, which is why the president has been investing in america. when you re investing in building roads and bridges and airports and ports, you re building jobs that really matter. 12.1 million jobs, 800,000 manufacturing jobs that don t require a college degree, it means that we re in a good pox to deal with the challenges coming our way. it s how you deal with them and how fast you solve them. what about the banking sector? what is this administration doing to ensure more banks don t fail. there s no question that the secretary of treasury in our administration has been working with and analyzing and cooperatin
the bad news is that inflation, underlying inflation at least, when you subtract out food and energy, isn t really falling, so we haven t seen very much, if any, progress in underlying inflation, yet. that s whatjerome powell said, that inflation is still too high. this is the 10th hike in m months, and the fed did seem to signal that it might pause increases. would that be the right step? i have no idea,j powell has no idea, and the reason is that we need to see what s going to happen in the economy. you know, a year ago, it was clear that interest rates needed to be a lot higher, and so they were on a path to go up, no matter what the data said, they would still be on that upward path. right now, we don t know how tight credit will be as a result of the banking situation, we don t know the trajectory for unemployment, we don t know what s going to happen to inflation, and so the fed is, appropriately, ithink, saying, we are going to collect more information, make that decision and we