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Notice, blaming the stand off over the debt ceiling which was ultimately lifted any last minute bipartisan deal. The feud was cited by fitch is one of the reasons for the downgrade. Make no mistake, this is a major black eye for america. The us treasury, essentially government ious are seen as the bedrock of the Global Financial system. Fitch is essentially pointing out there is an erosion of trust in american leadership. Given the death and perceived safety of us treasuries, this downgrade is not likely to change its role in the financial system. Likely to change its role in the financialsystem. It likely to change its role in the financial system. It could, likely to change its role in the financialsystem. It could, however, make it potentially harder and more expensive for the government to borrow in the future. Right now the Us Government owes 30 trillion in debt. Fitch ....
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consens ....
hello and a warm welcome to the programme. i m sally bundock. a day after he was found liable by a new york jury for sexual abuse and defamation, donald trump has faced questions in a live town hall in the us state of new hampshire. the frontrunner for the 2024 republican nomination for the presidency demeaned his accuser ejean carroll, he reiterated his position the 2020 election was rigged, and if he returned to the white house, mr trump said he would pardon many of his supporters who have mr trump said he would pardon many of his supporters who have on the us capitol. this is his response to a question about the ejean carroll court verdict. my my poll numbers just came out and they went up. my poll numbersjust came out and they went up. my poll numbersjust came out and they went up. i | and they went up. applause i think i m the and they went up. applause i think i m the only and they went up. applause i think i m the only person - and they went up. applause i ....
Learn and move on. time to bring you some other business stories this hour. bae systems says it is up about the year ahead as upgrades guidance for 2023. it is forecasting growth of 10 12%. the government must spend more on military equipment because of uncertain geopolitical events. the budget airline ryanair through a record number of passengers last month carrying 18.7 million people, up 11% compared to the same time last year. it is the third record month any role for the irish airline that remains europe s largest passenger numbers. and the italian supercar maker ferrari has updated its profit forecast after an exceptional quarter from april tojune. forecast after an exceptional quarterfrom april tojune. 0ther quarter from april to june. other car sales quarterfrom april tojune. other car sales by 2% of the period compared to last year, revenues were up ....
To use chatgpt and other artificial intelligence tools. bath has actually already started using it in some assessments. so one of the things that s great about chatgpt is the fact that it gets students started on things. it won t give them the answers, but it can give them ideas as to what to think, what to do, and how to structure their work. bath s policy on chatgpt and other tools is still in the works, and is due to be in place from this september. you re live with bbc news. for well heeled petrol heads around the world, the sound of a ferrari the roar of an 8 or 12 cylinder engine is as much a part of the brand as the famous prancing horse badge. so, how does that brand survive in a future of silent electric cars? theo leggett has been speaking to ferrari s chief executive, benedetto vigna, a physicist and inventor who took over running the supercar maker in 2021, about his vision ....