so mortgage costs rise, too, and there s a return of the 100% house loan. recession s probably off the table, but making ends meet is tough. people come in and sometimes they mention they ve only got so much to spend so, you know, you try and give them the best deal you can. so we have one big question this morning. will it be hard for the country to make a living for years to come? sky high gas and electriticy prices are part of the problem the energy secretary, grant shapps, is here. what would labour do differently? johnny reynolds shadow business secretaryjoins us too. and maybe the economy will be turned upside down by robots anyway tech boss emad mostaque has stopped by. i think this will be a bigger economic impact than the pandemic. it s up to us to decide the direction. and food prices are part of the pressure. the boss of world food programme cindy mccain on why it s a much bigger problem than at our checkouts. we are asking everybody to please support us be
Tenyear. But get you up to speed on top stories. Is taylor riggs. Federal reserve policymakers signaling there will likely be an increase next month. Their most recent meeting shows that officials are looking for stronger science of their rights. Want people want to see inflation on an upward path before another rate hike. Tomorrow, zimbabwe gets the first their first new president for a few decades. The the new could country as a democracy. He had fled after being president bite fired fired by president robert who got a, who will not face prosecution. In the u. K. , conservative party makers are delighted with a by hammond, who targeted Younger Voters with tax biggestand promised the Homebuilding Program in almost five decades. Conservatives lost over brexit. In germany, chancellor Angela Merkel make it a partial lifeline from democrats. Social democrat leader Martin Schultz is prepared to offer a limited support for a fourth term. According to people familiar with this plan, schultz
Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
Back of this. They decided not to go with the hawks. Hes always been on the precipice, he decided to stay with the pack. Despite that, because of the fact we have a majority talking about stimulus over the next few months, a reduction of stimulus over the next few months, sterling is big. It has been reasonably well bit coming into today. Not news that the bank of england is saying that the market is underpricing the future Interest Rate rises. Once again, reiterating that line. Why do you think that is . Will the bank of england followthrough on the kinds of things its talking about now in a few months . Guy everyone i talked to says rates are rational right now. We have an 80 probability that the bank of england will deliver a hike in february. 50 in november. The bank will execute on a hike fairly soon. Everyone says that kind of makes sense, but then you have a whole conversation about why its never going to happen and the bank of england is not going to be in any hurry within the
David lets get an update from outside of the Business World with emma. Emma in spain, the government may begin the process of suspending catalonia within rules. Spain rejected the president s response to demands he clarifying his position on independence. Earlier today, he told the Prime Minister he has a mandate to declare independence but wants to have negotiations first. In austria, voters have turned to the right for 31yearold foreign minister to become the world east youngest leader of a government. He claimed campaign after a victory after the campaign took on migration. It may make austria a more prickly ally for germany. And in iraq, troops have moved over to take over oil fields from kurdish forces. It sees the refineries. And the Regional Government last month the kurds held a referendum that backs independence. Global needs, 24 hours a day, powered by more than 2700 journalists in more than 127 countries. Im emmanuel macron. This is bloomberg. Emma chanda. This is bloomberg.