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BBCNEWS BBC News at One June 4, 2024 12:06:00

The economy is stagnating and the bank of england is predicting it will shrink for the whole of next year. normally if you have high inflation, the economy is booming. in some respects, as it is now. but what is predicted is higher energy bills called by the booming world economy will hit us so hard as households and businesses that we will rein in spending. when you raise interest rates, what you are trying to do is curb spending, making it more expensive to borrow and therefore more expensive to spend and you discourage further spending, trying to cool down things. here you are already having the effect, from the higher energy bills and higher energy bills are like raising interest rates ten times over. that is what the bank of england is predicting will push us into recession. england is predicting will push us into recession. ~ . ., , , into recession. what extent was this exected? into recession. what extent was this exoeeted? we into recession. what extent was this expected? w ....

Bank Of England , Energy Bills , Interest Rates , Curb Spending , The Booming World Economy , Consumer Spending ,

Toyota upgrades forecast even as Q1 net profit slumps | Borneo Bulletin Online

TOKYO (AFP) – Toyota upgraded its annual net profit forecast yesterday, predicting an earnings boost from the weaker yen even after first-quarter net profit took a hit from pandemic-related supply chain issues. The global chip shortage, Covid-19 lockdowns disrupting Chinese factory output and Russia’s invasion of Ukraine are all weighing heavily on the auto industry. […] ....

Satoru Takada , Toyota Motor , 211 , First Quarter , Pandemic Related , Covid 19 , Russia S , Ellip ,

CNN State of the Union With Jake Tapper and Dana Bash June 4, 2024 13:22:00

Guess what. that makes that investment in american manufacturing much more expensive, less of it. we made this change, jake, very consciously, predicting, correctly as it turned out, that it would accelerate the investment in american manufacturing. the democrats are going to blow that up. you said this isn t going to do anything for climate change, but at its heart, this bill would be the single biggest investment to combat the climate crisis in u.s. history. it s $369 billion in new tax credits, investments in clean energy manufacturing, efforts to curtail emissions. we are seeing the results of the climate crisis all over the globe, a crisis the republican party has been denying the existence of for decades. climate experts say this bill would have a real impact. why don t you agree with that? no, well, not the not the icc, not the definitive source that folks use for the climate modeling. jake, it s not true that republicans are denying that the climate is changing. the fact ....

American Manufacturing , U S , Guess What , Very Consciously , Burn Pits Bill , Green Energy , Climate Crisis , Climate Change , Isn T , Tax Credits , 69 Billion , 369 Billion , Don T , Climate Experts , Jake Tapper , Climate Modeling ,

CNN State of the Union With Jake Tapper and Dana Bash June 4, 2024 13:34:00

Are there enough republicans who voted for the bill in june, voted against it last week, are going to vote for the bill like senator daines might be an example? when you reference the vote in june, when 84 senators voted for it, there had been one change since then. just a single change related to something completely unrelated to this issue that we re they somehow have insisted at the last minute here be debated. so, if everybody does what they did before, this has 84 votes. so, i think they should just get on with it, have the vote. one separate matter, 24 senate democrats sent you a letter this week urging you to allow abortion services at veterans hospitals and analysis by the national partnership for women found nearly 400,000 female veterans of reproductive age live in states certain or likely to ban abortion. will the va take this measure ....

Burn Pits Bill , Abortion Services ,

CNN New Day With John Berman and Brianna Keilar June 4, 2024 11:02:00

Antony blinken says he expects to speak to russian foreign minister sergey lavrov in the coming days to discuss the potential swap. i m selina wang in beijing. president joe biden and chinese president xi jinping are having a phone call today as tensions are running high. beijing is furious over a potential visit by house speaker nancy pelosi to taiwan. china has urged the u.s. to cancel her trip, threatening powerful retaliation. this is a high stakes moment and the call is a chance for both sides to lower the temperature and manage the tensions. pelosi s potential visits come comes before xi jinping is seek an unprecedented third term and the concern is that he will make a rash move in response to the visit since he cannot look weak at home. let s bring in cnn s global affairs analyst brianna golodryga and jim sciutto. the u.s. predicting 75,000 injured or killed russians in the conflict. ....

Joe Biden , Antony Blinken , Phone Call , Sergey Lavrov , Selina Wang In Beijing , Xi Jinping , Nancy Pelosi , House Speaker , United States , Ito Taiwan , Brianna Golodryga , Jim Sciutto ,