already said that any kind of relations with taiwan must end. but this is very much not only about the economics, but it also has to do with the geopolitics. a sign that the us is taking the threat of a potential. potentially china coming into taiwan, as a real threat. and so a lot of people are taking lessons from what they are seen happening in ukraine and starting to make some strengthening within their own borders. absolutely. and while you are with us, let s talk about that the debt ceiling deal. passing a very big hurdle last night, but still a lot of work to do if they are to meet that deadline injune the 6th? absolutely. they re going to have. now that it s passed one chamber of congress, it now has to pass the senate. andy thinking has been that they would be able to get it into they would be able to get it into the senate, but now we re hearing from a lot of senators are saying they are going to try. it s not going to be an easy ride, it s going to be a lot of pushb
semiconductors and it falls to us companies. it is important for the us to get to trade with taiwan so nvidia which is at the forefront of this frenzy, basically 40% of this is produced so. we this frenzy, basically 4096 of this is produced so. . . this frenzy, basically 4096 of this is produced so. we also know that the us is trying is produced so. we also know that the us is trying to is produced so. we also know that the us is trying to reduce is produced so. we also know that the us is trying to reduce its - the us is trying to reduce its dependence on china and so taiwan a worthy alternative. although, not able to pick up some of the slack because china is, of course, the powerhouse economy. the workshop of the world. ~ ,,., , powerhouse economy. the workshop of the world. ~ , ,., , . powerhouse economy. the workshop of the world. ~ ,,., , ., , powerhouse economy. the workshop of the world. ~ , ., , ., the world. absolutely. china is an extremely important the w
israel s former prime minister, benjamin netanyahu, has told supporters injerusalem he is on the brink of a big victory , after exit polls put his right wing bloc narrowly ahead in yesterday s general election. the current prime minister, yair lapid, says he s waiting for the votes to be counted. our correspondent in israel, yolande knell, is following developments. after a high turnout, exit poll suggests that israel s former prime minister, benjamin netanyu, is in position to take the reins of power again. but no matter what happens, known as racist and extremists, were on the fringes of israeli politics, but this election has seen them transformed into key players. with his eyes on a cabinet post, itamar ben gvir now tries to look like a conventional candidate. but this was him last month, inflaming tensions at palestinians during clashes. waking up a startled voter and telling him to cast his ballot. current pm yair lapid made his pitch on thejob, signing a maritime deal
hello and welcome to audiences in the uk and around the world. we begin in the us where the central bank is expected to increase interest rates by another 75 basis points today which would be the fourth consecutive increase of this size. many are hoping for signs the federal reserve may soften its approach in the months ahead with markets anticipating a 0.5% rate rise in december. so what s different within the us economy that would lead the fed to change its current course? here s michelle fleury. since march the federal chair hiked the rate by three percentage points, in so doing caused more expensive loans on everything, from houses to cars and credit cards, so far they have done so without any damaging slowdown in job have done so without any damaging slowdown injob or growth wealth creation. the trouble is there is no sign of a living rolling off with consumer prices, inflation still high at over 8% and still the fed has focused on. and until it sees inflation coming
into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what s it matter for us? it s interesting because ppi doesn t get as much attention as the consumer price index, but it s really important because it s factory level inflation, what producers are experiencing, and we know what companies are feeling, we ll likely see a few months down the line in terms of consumer prices. even though we did see slight moderation in categories like food, the topline number is troubling because we know after friday s report that there were no signs of moderation, that there were signs of acceleration in inflation and what we have now with this report is a sign perhaps of more pain to come down the road. okay. so, now, tomorrow, expecting this big announcement. on how much, by how much t