Supply Response News Today

"america reports" on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. >> jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. >> both numbers beating expectations. wages are still largely out of ste...

series of steps to punish the u.s. for allowing house speaker nancy polosi to visit taiwan. which bay engine -- beijing sees a as a rogue nation. >> it is early morning in taiwan flight. as the region and the u.s. geared for more trouble with china. china firing with both barrels. as it continues its military exercises around taiwan. island air force jets scrambling as chinese war planes and warships crossed a median line separating china and taiwan. a key buffer zone. china says its f...

Acknowledging improvements in October inflation, BOC's Gravelle stresses the urgent need for Canada to address housing imbalances and increase supply.

Warning the white house that not only do they believe the inflation act will help bring down prices, it actually could make the problem worse. >> the economists are all over the map on this one and its not because when measured over time it is deficit reduction. to the extent that that occurs, thats not inflationary. its because they disagree on the supply response on the spending. i am on the side of when we look back on this, if implemented fully and thats always an important qualification, we...

Purchasing manager? how are they thinking? it is now an emerging market government and we do expect them to jump into the market because feeding a population and in an inflation environment is important for stability, so we would expect to see a large government led purchases over the coming months, and adds to that inflationary pressure. the world will adjust, the world will react and we will get a supply response. in the near term, prices will get higher still. i as you say, those governments ...

>> absolutely not. >> how do you stave off quite fast rising prices particularly for food in the gulf states and also the broader middle east? when does it become a challenge that youre behind the curve? >> no, were not behind the curve. the inflation, we have about 5.4% now, dominated by food and housing rental. food as you well know is a very global problem now. we have very significantly rising demand for food and emerging economies like india and china with huge populations while the supply ...

Compensate for that. and this is what is being done for this. but what i want to emphasize, it is not really a monetary phenomenon in our case at least. >> its quite acute in north africa and this is one factor behind the protests that we have seen over the last two weeks, in some cases double-digit food inflation. that is a danger in the neighborhood, is it snot. >> food supply chain and the logistics of getting food from the farms to the consumers is a major challenge, especially in heavily po...