200 points after the jobs report ended the day down just 40 points. Meantime the yield on the tenyear yield jump back above 2 President Trump blasting the fed when speaking to reporters earlier today. Were paying a lot of interest and it is unnecessary, but we dont have a fed that knows what theyre doing so it is one of those little things. But if we had a fed that would lower rates, you would have a rocket ship. So what is the market saying now about what it expects for a potential rate cut this month . Didnt bullard and powell dress down the window for a rate cut last week, or at least going from 50 to 25 basis points i think powell should dress down the window i dont think he should cut. At all . The market thinks he should cut but you have a limited amount of ammo so why not string it out longer wasnt the argument that the fed moved too far . One cut too far. And it was more of an ee quill quill equilibrium cut the question is was good news today bad news for that. If you look at f
Thats down from 3. 9 in the three months to november. It marked the lowest level seen since the November 2022 to january 2023 period. Wage growth slowed again in the britishjobs market. But and this is key it is still outpacing price rises, according to the office for national statistics. Lets hear now from michael stull, director at manpowergroup uk. Michael, what are you expecting to see a little later on . Im always very excited for when the numbers come out. Im expecting a couple of things, one is i do think unemployment will take up a little bit, as you mentioned wage growth is going to slow. We will see vacancies down and underlying all of that in the Labour Market we have two bosses, a cold and hot going on. On the cold and hot going on. On the cold side we have sent a dropping, weve seen hiring slowing down and we are not out of the woods. We are blue business and consumer confidence. Manufacturing pmi is a very low, big into caters. 0n the hot side we see a lot of hiring going
Gbviews gbnews. Uk. Com but first gbviews gbnews. Uk. Com but first of all, here is the very latest news with ray addison. News with ray addison. Thank you both. Good morning. Its 931. Im ray addison in the newsroom. Now, the chancellor newsroom. Now, the chancellor has told gb news that no substantial tax cuts are possible this year. Speaker from the conservative Party Conference in manchester, jeremy hunt ruled out any reductions in income or inheritance tax. He blamed an increase in the governments debt Interest Payments and said his priority is to bring inflation right down. Well, im saying that no tax cuts are possible in a substantial way at the moment. So its not just inheritance tax, its income tax. Its all the different taxes that people look at. If we start having big tax cuts, it would be inflationary. And when weve got inflationary. And when weve got inflationary. And when weve got inflation at 6. 7, its come down a lot. But it needs to come down a lot. But it needs to come
Memorable stories from witness over the last 12 months. Welcome to the special edition of witness from the British Library. Hello and welcome to a special edition of witness with me tanya beckett, here at the British Library in london. Well be looking at five of the most memorable stories from the witness team from the past 12 months. Well meet an archaeologist whos worked on the Terracotta Army site for decades in china. A friend of anti apartheid icon steve biko. And the mother of one of argentinas disappeared children. But first, after independence in 19117 india was split into two states. One of the majority muslim, the other majority hindu. The repercussions of that split are still being felt. Mohammad amir mohammea khan, the raja of mahmudabad, tells witness how partition affected his family and his home. I am Mohammad Amir mohammad khan, known as sulaiman to family and friends, the raja of mahmudabad. I am from a muslim family which once ruled a very large feudal estate, includi
Best selling soft drink are changing the formula to cut its sugar content by nearly half before a government levy on sugary drinks comes into effect. Lorna gordon has the details. It has been called scotlands other national drink, and the fizzy beverage with its distinctive orange colour has a loyal following. But the amount of sugar in irn bru is about to be halved. And not everyone is happy. I got up one morning after a night out and i is happy. I got up one morning after a night outand i had is happy. I got up one morning after a night out and i had gone to the usual irn bru and i was going through facebook and i heard the news, the sad news. Just couldnt do it. Couldnt do it. And without any option to get the original stuff. It is part of our culture, it is a Scottish National treasure. Ryan is storing bottles in his arctic. This is my stash. He is also behind a petition calling for the soft drink to remain unchanged. More than 20,000 people have now signed. The makers of irn bru s