the global economy is expected to grow a paltry 3% over the next five years, according to the head of the international monetary fund. her comments were made ahead of the imf and world bank s spring meetings, which kick off today in washington. our north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result, however, is we have some of the weakest growth projections by the international monetary fund since the 1990s. now, with the world s finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now the high inflation, however, is already having an impact on poorer countries, pushing them further into financial distress. gi
we talked to arnold donald who runs carnival corporation, that s the biggest cruise operator on the planet. where ever yourjoining me from around the world, once again, a big hello and a very warm welcome to the show. you know, it seemed like it was a another time, two years ago as a threat of covid became obvious one cruise ship, the diamond princess went into lockdown as the world watched. passengers, they were held for two weeks as the virus spread throughout the ship, infecting more than 700 onboard. shortly after, the world closed down and tourism industry suffered the worst crisis in its history. take a look at this, this was the heart of venice during the middle of the pandemic, not a tourist sight. and from an empty st. mark s square in venice to in empty trafalgar square in london, holiday makers and business passengers stopped flying and the hospitality industry ground to a halt. let s just take a look at the impact. in 2019, before the pandemic hit global tourism d
Looking out for storms later on today. Dave murphy and matt pelman filling in for karen. Cloud covering in from the west. Well probably see some early sunshine and then a frontal boundary is going to be streaking right threw toward us and during the afternoon in particular there is a chance of some of this shower activity to move in and in the warm and humid air mass today it could trigger a drenching downpour producing shower or thunderstorm at some point. Best chance of that is later this afternoon but like yesterday we could have little bits and pieces of this popping up during the morning. 78 degrees in philadelphia right now, 76 in wilmington, 76 trenton, 71 in allentown and mid 70s down on the boardwalks. It is very humid out there again. Dewpoints up around 70 degrees or higher and that is what we call oppressive humidity so like the last couple of days you got to take it easy out there. 76 by 6 oclock, 81 by 8 oclock, warm and humid partly cloudy to start out with a little bit
Welcome to power lunch. Im michelle carusocabrera. Take a look at Community Health. 8 moves about 40 of the health care moves are within 1 of at least a 52week high its the ipo of the day. Shares of altice is up on the first day of trading more on that brian . Health care stocks are moving on the senate bill news. You have glaxosmithkline and tenet health care, a hospital operator, up more than 8 . Ka Kayla Tausche has the latest kayla . Reporter the senate bill is a modification of the house bill passed two months ago but has a new name its called the Better Care Reconciliation Act but like the house bill, it moves to repeal all of the Affordable Care act taxes and mandates there instead replacing them with tax credits. The senates bill basing those on income instead of based on age. States can waive coverage of essential Health Benefits but not of preexisting conditions planned parenthood would be defunded under the senate bill medicaid growth is expected to slow in 2021 and by 2024,
Procter gamble nelson pelt z wants a seat at the table because the stock has underperformed the cohort and the Broader Market for the life of me i dont understand why they wont let him in given how well companies tend to do once hes on the board. On the other hand, you have to wonder how much he can do to really make it work better still, my feeling is that procter and gamble is worth owning thats been my view. You have one more way to end the uglier it gets, the more shareholders can gain. I regard a make or break level, dow dipping 8 points today nasdaq advancing. 03 . Theres a slew of earnings that every Important Group i follow the results we get this week, i think, would determine where stocks are headed for the rest of the quarter were certainly off to a good start with netflix, tonight reporting a huge subscriber Number International subs exceed domestic users the good news sent the stocks soaring after hours. I think it might be good for the other fad names. A good sign. Tomorr