that because the economists and the treasury and the government knows that they are going to have to protect against any sort of wage spike which can spiral. an increase in put inflation up even higher, were an incredibly difficult situation. i suspect it will be energy cottage. there will be blackouts and factory closures, it really will feel like a winter of discontent. the only people that have been saying it for the last few months and sort of sounded like chicken little saying the in a fall down and nobody could really see it. i think were beginning to see the reality of what is coming our way now. borisjohnson was saying today is all the fault of ukraine and we couldn t see it coming and we can t give into wage demands because it will increase inflation, he s actually right on that. it s going to make him incredibly unpopular. indeed. we will leave politics there on that slightly depressing note.
spike which can spiral. an increase in put inflation up even higher, were an incredibly difficult situation. i suspect it will be energy cottage. there will be blackouts and factory closures, it really will feel like a winter of discontent. the only people that have been saying it for the last few months and sort of sounded like chicken little saying the in a fall down and nobody could really see it. i think were beginning to see the reality of what is coming our way now. borisjohnson was saying today is all the fault of ukraine and we couldn t see it coming and we can t give into wage demands because it will increase inflation, he s actually right on that. it s going to make him incredibly unpopular. indeed. we will leave politics there on that slightly depressing note. not your fault. will look at what happened to the champions league final. the aftermath is still
caused by covid-related factory closures in china and the war in ukraine has led to record gas prices and a worldwide food shortage since ukraine s grain can t be shipped out. everyone is struggling with the gas prices. reporter: treasury secretary janet yellen says it s the cost of trying to stopver ime ffects and that we are prepared to pay. reporter: president biden had hoped the federal reserve could raise interest rates to ease inflation, but chairman jerome powell now warns, that might not do it. whether we can execute a soft landing or not, it may actually depend on factors that we don t control. reporter: it all presents yet another big challenge for the president and his party, hoping to retain control in the fall s midterm elections. the white house today tried to brush off the stock market plunge. that s not something that we keep an eye on every day. reporter: now, one day of bad stock prices is one thing, but polling consistently shows most americans disappro
SUPPLY CHAIN NIGHTMARE: Taiwanese manufacturers operating in Shanghai forced to shut alipac.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alipac.us Daily Mail and Mail on Sunday newspapers.
Quanta, the Taiwanese electronics manufacturer that makes Macbooks for Apple, was forced to shut down its factory in Shanghai along with dozens of other Taiwanese companies due to Wuhan [.]