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MSNBCW Richard July 5, 2024

plus, israel is barring refugee camps as part of new efforts to find hostages. the head of the idf insists the war will go on for months but some critics think that will not be enough time to wipe out hamas. and jack smith calling on the d.c. court to do something that sounds almost unthinkable. stop donald trump from injecting politics into his election interference trial. we re going to start with secretary of state blinken. all right. we re going to start with blinken and dhs secretary set to meet with mexico s president as we speak. the two countries grappling with what the u.s. is calling quote unprecedented levels of migration as well as security challenges on both sides of the southern border. now, these discussions taking on even more urgency as a massive new caravan of roughly 8,000 mie migrants or more are making their way to the united states. the u.s. is already struggling to deal with a record number of migrants. nearly 50,000 arriving last week alone, ov ....

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BBCNEWS World July 6, 2024

who s based in the turkish capital, ankara. the tour, a lot ahead for president erdogan, he thinks cost of living crisis is manageable is it? that crisis is manageable - is it? that is an excellent crisis is manageable - is it? that is an excellent question, - crisis is manageable is it? twat is an excellent question, and one had so many economists across the world are wondering about, because he has pursued such unorthodox economic and monetary policies over the last several years, he has put a lot of pressure on the central bank not to raise interest rates, as most central banks usually do to combat rising prices, and that has let inflation run away. as you said, inflation run away. as you said, inflation currently at 44%, it topped out at 88.5% last year, so household is really feeling the pinch, and the question is whether president erdogan will put a team around him now who will sort of convince him that more orthodox monetary policy is the way to go. the thi ....

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BBCNEWS World July 6, 2024

let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. ﬁx, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk econo ....

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BBCNEWS Asia July 6, 2024

that gives no one everything they want, but that s the responsibility of governing. this is a deal and it s good news, i believe, for the american people. the agreement prevents the worst possible crisis, a default for the first time in our nation s history. the two parties have untiljune 5th to reach an agreement to prevent the us government running out of money. our correspondent in washington jessica parker has more. this deal is set to raise the debt ceiling for two years. that s a big win for the white house. why? well, it means that, forjoe biden, who of course is seeking re election in the 2024 presidential race, he won t have to face this political drama, instability, brinkmanship, right in the run up to that presidential election, so he ll be pleased with that. but the republicans are trying to say they ve chalked up wins in terms of policy, so they are talking about, for example, kevin mccarthy, the house speaker, that there will be curbs on spending. he s tal ....

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BBCNEWS World July 6, 2024

a mild recession . earlier i spoke to james smith. so we talk about recessions and the gdp numbers. us economists, we often think of two quarters of negative growth has been what we might call a technical recession. but i think it s worth remembering that doesn t always feel like a recession to people. often when we see a recession, we associate that with maybe widespread job losses, people spending a lot less money, people, you know, trying to save more because they re uncertain about what s to come. we re not necessarily seeing all of that right now. and of course, the fall in gdp we saw in the third quarter was very small, 0.i. we might see another slight fall in the fourth quarter, but it s not comparable to, you know, some of the famous recessions we ve seen in the past, 2008, of course, the covid recession as well. so it s worth putting that in context. just to let people know what recession is, it s two sets of three months. we ve seen growth negative in terms ....

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