As the us exchanges open here in new york. Lets cross live now to Shams Afzal, Managing Director at carnegie investment counsel. Of course, in the last hour, we had that adp data out. How are the markets reacting to this . I think this number, as well as tomorrows total data will probably not change the narrative that has been set already that the Jobs Market has softened quite a bit compared to a year ago. I think the more important data that came out earlier showed the number ofjobs available. If number of jobs available. If you number ofjobs available. If you went back to february 2023, there were almost two jobs open every Wedding Work out there, now that number has shrunk to every 1. 1 jobs to every willing work out there. They are finally getting these numbers so this put the Rate Cut Regime very much intact starting from september and that will be on benefit to the overall capital markets. . Benefit to the overall capital markets. ,. , benefit to the overall capital markets. . ,
Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
To the precious metal. And the notorious Wolf Of Wall Street takes us through the whole thing. Storm orlena strikes americas north east coast heavy snow, and high winds bring New York City to a near standstill. And updated and re published ladybirds nature Picture Books are backafter inspiring a generation of children in the 1950s and 60s. Good to have you with us. The United States has threatened to impose sanctions on myanmar, following a Military Coup in the country. President biden has urged an International Response to the power grab, and called it a direct assault on democracy. Those detained include the head of the largest party, Aung San Suu Kyi and other memebers of the civilian leadership. Troops are on the streets of the capital, naypyidaw, and the biggest city, yangon and a curfew has been put in place. Our special correspondent, fergal keane reports. An army reverting to autocratic type, swiftly and ruthlessly deposing a democratically elect the leader. Somewhere behind th