A revolution happening . The Automotive Industry in russia has recovered and is showing good growth, deputy Prime Minister and head of the ministry of industry and trade Denis Mantorov spoke about this at a meeting with vladimir putin. Another big topic of conversation was the situation in the woodworking industry. In the government predicts growth in this area at 7 . By the end of this year. How are things going now . An important indicator is the Business Activity index, it. Was already more than 54 at the end of september, this indicates that the workload of enterprises is growing, in order to fully satisfy all the demands of the manufacturing industries, we have restored the competencies of the machine tool industry, in the nineties in the 2000s, unfortunately, the products of the machine tool industry were in little demand, mainly imported products were purchased, but during this period of time, over the last 8 years, we have developed new modifications, a new nomenclature, which
Push to the big names ahead. Ed plus we sit down with the head of kkrs Tech Growth Fund does see where his firm Sees Opportunities after they raised 3 million. Caroline we will wrap up coverage from new york tech weekend here from two venture capitalists on what they are choosing to invest. At that is the private side of the market, lets go to the public because we have a clear flight to safety as we had to wear the weekend. Geopolitics the main noise we are currently having to digest and see and witness. We are currently seeing the nasdaq up by more than one percentage point as we worry about conflict expanding in the middle east. 10 year yields see money move into the bond market, eight basis points to the downside on the tenure and crude pushing on the higher side, 90 in terms of oil so a key signal to some of these volatile times. Lets have a look at what is happening in terms of volatility of the key tech asset class. It is crypto, 29,000, at one point again we jumped over that 30
Katie theres a lot of right on the screen. Big tech also down 1 after the cpi figures with 10 year. Lets talk about that hot inflationary data slamming the door on the june fed pivot. Across the board this came in higher than expectations . Mike both headline and core was up. 4 which pushed up the year over year rate. A big disappointment to wall street. A disappointment to the fed. The fed has not moved its target rate since july of 2023. The inflation rate has stalled out. We have not seen inflation rise since then it has stayed roughly in the same place. It hasnt gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. This means a big change in expectations. The market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. Will the fed ratify that . They dont produce a new dot plot until then but the may meeting
More is to come. It is april 6th. You are watching today. All shook up. A 4. 8 magnitude earthquake rattles the new york city area on friday. The epicenter in new jersey, but millions felt the shaking from maryland to maine. Thankfully no serious damage or injuries reported. Are there more aftershocks to come . We have the latest. Eclipse mania. Millions hitting the roads and skies to see the moon blot out the sun and others are traveling for spring break making today what could be the busiest travel days of the year. This morning, what to watch out for and the forecast for mondays solar spectacular. High alert. The Biden Administration preparing for the threat of retaliation after the israeli air strike that killed top Iranian Military officials. Could this lead to a wider war . Who wants to be a billionaire . Customers flocking for tickets with the Powerball Jackpot up to 1. 3 billion. All that plus hoop dreams. Three. It is good plus the foul. Caitlin clark and the hawkeyes escape a
This is the news hour live from coming up the next sixty minutes fighting in syria as another round of talks to end almost seven years of war. The killing of children and Doctors Without Borders they were among almost seven thousand victims and. South koreas president makes his first visit to china. North korea over its nuclear test. Top story in sport. One of the biggest prizes american football. A short break. Both the government and opposition are present and juta meet un special envoys to find them a story hes urging russia to convince the Syrian Government there is no time to lose on reaching a peace deal speaking through a Swiss Television channel and the story said failure to end the war quickly could lead to a fragmentation of syria. Our correspondent David Chaytor is in geneva joins us live from there so another day another round are they making any progress though david. Sami im afraid to say that the socalled Peace Process is fully again on rocky ground the sides have not ev