we begin in the united states where president biden hasjust wrapped up his state of the union address seen as his big pitch for a second term in office. the strength of the economy and its resilience in bouncing back from the global pandemic was front and centre in his speech. but the president said there is much to do and promised to tax the wealthy more and squeeze profits from industrys such as big pharma and oil. we are the only country who has emerged from every crisis we enter into stronger than we got into it stop and that is what we are doing again.- into it stop and that is what we are doing again. years ago the economy we are doing again. years ago the economy was we are doing again. years ago the economy was reeling, - we are doing again. years ago the economy was reeling, i i the economy was reeling, i stand here tonight after we created 12 million newjobs, morejobs created 12 million newjobs, more jobs created created 12 million newjobs, morejobs created in c
all. that gives you a taste of some of the points - all. that gives you a taste of some of the points that - all. that gives you a taste of some of the points that he l all. that gives you a taste of - some of the points that he made and there were many on the economy. well let s get reaction from pete earle economist and research fellow at the american institute for economic research. welcome to the programme. to begin with can we have your overall reaction on what he had to say? overall reaction on what he had to sa ? ., ., ., , to say? from what i have seen and heard on to say? from what i have seen and heard on the to say? from what i have seen and heard on the few - to say? from what i have seen and heard on the few hours . and heard on the few hours since the speech ended the response has pretty much what one would think. president biden s opponents are sceptical and his supporters are enthusiastic and those who are enthusiastic and those who are undecided are still undeci
take on that? countries. companies. your take on that? take on that? much of that is ust take on that? much of that is just nationalistic take on that? much of that is just nationalistic come - take on that? much of that is just nationalistic come from | just nationalistic come from pink. there are reasons why the united states purchases certain goods and services from other countries and we sell to other countries. there is specialisation. as for the state of the economy, i mean we had a gdp number last week that was not that strong, below the surface it looks like the economy is slowing. so some of this may be the president s attempt to sort of get people more optimistic for what could be a difficult year ahead. but if we look at the inflation reduction act, much of what is in their is reduction act, much of what is in thei , ., reduction act, much of what is inthei , in their is about boosting american in their is about boosting| american manufacturing, american made produc
we begin in the united states where president biden hasjust wrapped up his state of the union address seen as his big pitch for a second term in office. the strength of the economy and its resilience in bouncing back from the global pandemic was front and centre in his speech. but the president said there is much to do and promised to tax the wealthy more and squeeze profits from industrys such as big pharma and oil. we are the only country who has emerged from every crisis we enter into stronger than we got into it stop and that is what we are doing again.- into it stop and that is what we are doing again. years ago the economy we are doing again. years ago the economy was we are doing again. years ago the economy was reeling, - we are doing again. years ago the economy was reeling, i i the economy was reeling, i stand here tonight after we created 12 million newjobs, morejobs created 12 million newjobs, more jobs created created 12 million newjobs, morejobs created in created 12
this is bbc news with the latest business headlines for viewers in the uk and around the world. made in america. president biden hails his party s work so far in boosting the us economy and vows to create more blue collarjobs. plus, microsoft tweaks its search engine in a potential bid to challenge google s dominance. and green fashion as the fashion week wraps up in copenhagen, we assess if designers hit new sustainability targets.