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July 7, 2024
welcome to our viewers in the you united states and around the world. there are signs of movement in the negotiations to raise the debt ceiling. two sources tell cnn that white house and republican negotiators are moving closer to a deal. >> weve been talking to the white house all day. were going back and forth. it is not easy. we want to make sure this is an agreement worthy of the american people and it takes a while to make it happen. >> jasmine wright is live for us this friday mo...
July 7, 2024
has the latest from new york. there is a roughly one in four chance that the us will hit the so—called x—date — thats when the government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned that the two sides remain far apart. republicans ar...
July 7, 2024
reach a deal on the countrys debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so—called x—date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. —— debt li...
July 7, 2024
as it continues to benefit from pent—up demand for air travel. europes largest carrier by passenger numbers also said it expects profits to rise modestly over the next year, and the summer travel season will be busy. the figures are better than industry watchers had expected. we knew they were going to be good but to record these numbers is exceptional so nearly 170 million passengers, thats up 74% on the previous years. revenue has more than doubled, profit is 1.4 billion, and theyr...
July 7, 2024
though the debt ceiling deadline on the 1st ofjune is just one week away. from new york my colleague sums up the mood in washington.— york my colleague sums up the mood in washington. were ust one week left i mood in washington. were ust one week left untili mood in washington. were ust one week left until treasury h one week left until treasury officials say the us will run out of cash to pay its bills for the mood music from washington was upbeat that a deal can be done to avoid de...
July 7, 2024
this latest ceasefire $245 million in aid to help support people fleeing the violence. im ben thompson. lets start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease — slightly. the latest rate of inflation for the month of april has fallen to 8.7% now thats still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that...
July 7, 2024
memory chip—maker micron. it accuses the manufacturer of failing its network security review and therefore poses a serious security risk. china launched a review into micron�*s products in march — this is the first big measure against a us semiconductor group. this follows similar moves in washington last year when it introduced chip export controls on china in october — the netherlands and japan have since followed. lets go to our asia business hub for the details on this — ...
July 7, 2024
the republicans have been unwilling to budge on. and time is ticking. janet yellen has estimated the government could run out of money to pay its bills as soon as next month. its congresss job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making. there is no action thats evident biden and the us treasury can take to prevent that catastrophe. fin treasury can take to prevent that catastrophe. on tuesday, president joe _ th...
July 7, 2024
welcome to world business report, im ben thompson. we start in the us where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden�*s administration is spending billions to help electric car firms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc its worried britain cant "compete on a level playing field" and warns that companies are considering moving...
July 7, 2024
and cloud computing giant ——it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that theyre all doing surprising well. this has lifted markets across the board. lisa -- lisa —— we saw similar on wall street. heres the bbc�*s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. its laid off 18,000 people and is currently about to eliminate another 9000 j...