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BBCNEWS World July 5, 2024



as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in ....

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FOXNEWS Americas Newsroom July 7, 2024



the gains since biden took office. bill: the biggest rate hike in three decades. new york post, it s looking grizzly. dana: adding to the concerns is the producer price index for may out just moments ago showing wholesale prices up 11% year-over-year. all of that gets passed right onto you, the consumer. bill: it does. the price of gas holding steady, record $5 a gallon all threatening to overwhelm a white house in crisis. we begin with griff jenkins on the north lawn. good morning. that s ppi number which increased month over month is not welcome news at the white house because it rose and it is rising is an indication that inflation may not yet have peaked. that number, by the way, without going into the weeds represents what companies pay to make the things we buy and that cost gets passed on to us. by the way, bill, i doubt the president wanted to wake up feeling grizzly this morning. a bear market occurs when an index like the s&p falls 20% off a recent h ....

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FOXNEWS Americas Newsroom With Bill Hemmer Dana Perino July 7, 2024



market. major industries in the mud yesterday part of a week-long slide chipping away at your retirement funds, 401k coming off the worst quarter since the start of the pandemic. dana: adding insult to injury the price of gas hitting another all-time high. $4.41 a gallon right now. close to $6 in some states. bill: president biden blaming these issues on just about everything and everyone from climate change to covid but according to larry kudlow it s time to take a look in the mirror. president biden should start to own this problem. the blame game doesn t work. it is not working for him. ordinary working folks don t buy into the blame game at all. you are in an emergency inflation crisis. and so you have to start taking emergency action. peter doocy rocks off the show report being live from the north lawn this morning. good morning, peter. good morning. we have new insight this morning from inside the white house. we know more this morning about how the pres ....

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BBCNEWS World Business Report June 4, 2024 04:33:00

Is, how much the central bank sets interest rates, has more room for loosening or cutting interest rates, so that is good news. clearly there is some concern about demand, the lack of demand means we may be seeing consumers are starting to question whether they should spend or save. find to question whether they should spend or save. spend or save. and this is the issue isn t spend or save. and this is the issue isn t it? spend or save. and this is the issue isn t it? when spend or save. and this is the issue isn t it? when you - spend or save. and this is the issue isn t it? when you look| issue isn t it? when you look at the producer price index number, it has fallen significantly month on month, this seems to be the trend which does not bode well for the rest of this year? clearly, commodity the rest of this year? clearly, commodity prices the rest of this year? clearly, commodity prices have - the rest of this year? clearly, | commodity prices have fallen, thatis commod ....

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FOXNEWS Americas Newsroom June 4, 2024 13:32:00

Hemmer, look it s up 22. investors are reacting to a producer price index number and waiting to see if the fed has a big rate hike since 1994. bill: we roll out. in 2022 record high inflation, crushing the consumer everywhere you turn. it is not just rising prices. some manufacturers are downsizing their products in order to keep prices as is. it s a strategy known as shrink flation. these days it is honey flavored cereal and other things that don t go as far and you may not have noticed. as inflation rates rise consumers are feeling the ....

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