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of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn t it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses things that are very important to american families. but the excitement should be tempered somewhat. of course, the us like many major economies pursues an inflation target in the order of around 2%, so 5% is still a long way off that, and if we were to take out those impacts of the fuel and food prices, that would leave us with a figure called core inflation and, in fact, core inflation actually rose, particularly driven by increase ....
defeat in the opening leg of their uefa champions league quarter final in a season that seems to lurch from one problem to the next for the londoners. the m time winners spain claimed a 2 0 nil victory over frank lampard s side while in an all italian clash ac milan held off napoli despite the visitors having a host of chances. joe, the side may be struggling domestically but in europe they just seem to manage to grind out those results, don t they? a mixed season for real madrid, as you eluded to there, a chaotic season for the premier league side chelsea. this competition, the champions league really represents the last opportunity to win a trophy this season and they were watched by their american owner todd bowley, he watched the team lose 2 0 to real madrid and it was a match being overseen by the third manager they have appointed this season in frank lampard, making his comeback to champions league management, and they got the goals trhough karim benzema and marco ....
hello and thanks forjoining us, where it was a night for the holders real madrid as they sent chelsea to yet another defeat in the opening leg of their uefa champions league quarterfinal, in a season that seems to lurch from one problem to the next for the londoners. the 14 time winners from spain claiming a 2 0 victory over caretaker manager frank lampard s side, while in an all italian clash, ac milan held off napoli at the san siro despite the visitors having a host of chances. joining me to chat through the two matches is our football reporterjoe lynskey. and, joe, carlo ancelotti s side may be struggling domestically, but in europe, theyjust seem to manage to grind out those results, don t they? yeah, they do, tulsen. it s been a mixed season for real madrid, as you alluded to there. it s been a chaotic season for the premier league side chelsea. this competition, the champions league, really represents their last opportunity to win a trophy this season, and they w ....
to understand that this is a special arena and a special football club, and anything can happen. some things you can t control. i m very proud to come back and manage a team of the size. i ve managed in this competition before. i m not done at all. i m excited to get the opportunity. i have a fantastic memory of this club, i have a fantastic memory of this club, of i have a fantastic memory of this club, of the i have a fantastic memory of this club, of the people who are still working club, of the people who are still working there, i am a supporter of chelsea, working there, i am a supporter of chelsea, of working there, i am a supporter of chelsea, of course, because i spent two years chelsea, of course, because i spent two years really nice there. i hope that lampard is able to do a fantastic that lampard is able to do a fantasticjob with them. so, cheslea in the spanish capital to face the holders. elsewhere in the champions league it s an all italian a ....
confirms it carried out tuesday s deadly bombing. we speak to the un s special rapporteur on human rights. welcome back to bbc news. more on all of those headline stories in a moment or two, but let s round up the sport needs and head to the bbc sport centre. well, more european football tonight? the runaway siri a leaders, napoli, going to ac milan. frank lampard will need a heroic performance from his chelsea side, who go on to take on holders, real madrid. chelsea s season has been one to forget so far, 3 wins in their last 13 games, 17 points off the top 4 in the premier league with lampard back at stamford bridge as caretaker manager. former chelsea striker chris sutton believes all the focus is on carlo ancelotti s side ahead of this one. everyone is looking at real madrid, the mentality monsters, they always find a way to get out of the hind stop we saw last season some incredible comebacks when they were down and out on the last legs, and they found a way. chels ....