economic challenges

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Report says the average UK household will be £2,300 worse off by the time inflation eases next May.

(2) NATO agreed plans for expansion and more arms for Ukraine in the face of Russian aggression.

(3) US inflation data out today is likely to be pivotal for the next FOMC rate decision.

(4) Microsoft clears another hurdle in its bid to buy Activision as regulators regroup.

(5) High end home buyers become increasingly nervous about London's prime property market. 

See omnystudio.com/listener for privacy information.

The UK is experiencing higher inflation than any other G7 country. Ed Conway, Economics editor for Sky News, joins Anoosh, Freddie and Zoë on the New Statesman podcast to explain why Britain appears caught in a "contagious" cycle of economic pain - and why Rishi Sunak and the Bank of England appear unable to break it.

Read Ed Conway's cover story for this week's New Statesman magazine, "Broke Britannia", here: https://www.newstatesman.com/politics/economy/2023/07/broke-britannia-uk-inflation

Sign up to receive the New Statesman's daily politics email, Morning Call, here: https://morningcall.substack.com/

Subscribe to the New Statesman from just £1 per week: https://www.newstatesman.com/podcastoffer

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Bloomberg Intelligence has crunched the numbers on why the share prices of European banks lag their Wall Street rivals.

(2) China's Xi calls for open supply chains after curbing the exports of key metals.

(3) The UK's Financial Watchdog sets out plans for a single UK price feed for bond trades.

(4) global temperatures hit an all time record on Monday in a blow for the battle against climate change. 

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) China's growth momentum continues to slow as stimulus announcements fall flat.

(2) The US is reportedly looking to force ASML to ship fewer chip machines to China.

(3) UK Business confidence hits a 13 month high as firms shrug of rate rises.

(4) Goldman loses its status as the world's top M&A adviser for the first time in 5 years.  

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As the Bank of England raises interest rates again after worse than expected inflation figures, Anoosh Chakelian is joined by Andrew Marr, Rachel Wearmouth and Freddie Hayward to discuss what it all means for voters, the government and the opposition.

They discuss why the Conservatives seem unable to come up with a plan to deal with the approaching mortgage crisis, whether Labour’s proposals go far enough and what difference a future Labour government might make to the state of the economy.

You Ask Us returns tomorrow.

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Your morning briefing. The news you need in just 15 minutes.

On today's podcast:

(1) The Chancellor gets set to announce a budget plan for business investment.

(2) A US drone collides with a Russian fighter jet over the Black Sea.

(3) HSBC cuts base pay for newly-promoted bankers as the UK prepares to scrap its bonus cap.

(4) Apple bites down on bonuses as Meta sheds thousands more jobs. 

See omnystudio.com/listener for privacy information.

The majority of women in the United States are single, and they’re becoming a big force in our economy. Single women now make up a significant share of the job market, homeowners and college graduates. But we’ll get into why that doesn’t necessarily amount to a boon for women’s wealth and wages. Also, business owners are coming clean about price-raising strategies, dubbed “excuseflation.” Plus, how mending your clothes became a hot fashion trend.

Here’s everything we talked about today:

• • “Crestfallen, veterans demand accountability for Afghan exit’s failures” from The Washington Post

• • “Washington Suffers as Federal Employees Work From Home” from Bloomberg

• • “Single women take an outsize role in the workforce — and the economy” from The Washington Post

• • “How ‘Excuseflation’ Is Keeping Prices — and Corporate Profits — High” from Bloomberg

• • “Elon Musk Is Planning a Texas Utopia — His Own Town” from The Wall Street Journal

• • “Does Anyone Mend Clothes Anymore?” from Southern Living

It’s our March Fundraiser! Help us meet our goal so we can cover our costs and plan for the future: https://support.marketplace.org/smart

Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
1) UK inflation stays in double digits.
2) Traders abandon rate cut bets on US price rise data.
3) The 'Sage of Omaha' doubles down on Apple.
4) Reports emerge that Elon Musk tweaked the algorithm to boost his tweets.

See omnystudio.com/listener for privacy information.

Brexit is three years old. And like a raging toddler after a missed lunchtime nap it's kicking and screaming its way through our national consciousness creating chaos as it goes. New polls suggest a sizeable proportion of those who voted for Brexit now regret it. What do those who created the Brexit deal make of it now? We talk at length to Lord David Frost - architect of the Northern Ireland Protocol and Chief Brexit Negotiator about why he still believes in it.

You can watch our episodes in full at https://www.globalplayer.com/videos/brands/news-agents/the-news-agents/

The News Agents is a Global Player Original and a Persephonica Production.

Electric vehicle giant Tesla took the automotive industry by storm with its innovative technology, but the company’s stock price has slid significantly since last year. And its chief executive Elon Musk has some Tesla fans rethinking their support given Musk’s moves as the new owner of Twitter. But the FT’s Richard Waters says that Tesla faces a challenge much bigger than Musk’s latest tweets. 

Clips from CBS, ABC News, NBC, CNBC

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BTM listeners, we want to know what you think of the show and what you want to see more of. Visit ft.com/btmsurvey to submit your feedback. 

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For further reading:

Trouble at Tesla: the end of a golden age of growth?

Tesla cuts electric car prices across Europe and US to bolster demand

OK, 2022 was a disaster for Tesla. What next?

Musk/multitasking: the cost of being thinly stretched

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On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) 

Read a transcript of this episode on FT.com

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Click here to join the member exclusive portion of my show: https://utm.io/ueSEj

Joe Biden threatens the Saudis after begging them to pump more oil in advance of the midterms; the new inflation numbers come in hot; and the January 6 committee votes to subpoena Donald Trump.

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Rex Murphy is a Canadian commentator and author, primarily on Canadian political and social matters. He was the regular host of CBC Radio One's Cross Country Checkup, a nation wide call-in show, for 21 years, before stepping down in September of 2015. He currently writes for The National Post, where his articles are published weekly.

In this episode, Rex Murphy and I discuss the strange times in current Canadian politics, the perpetual scandals of Justin Trudeau, media censorship and the appalling Bill C-11, fascism on the Left, Zoom parliament, and much more. Thanks for watching.

—Chapters—

[0:00] Intro

[3:24] Trudeau's Irresponsible Roe v. Wade Comments

[9:21] Strange Political Times in Canada

[10:33] Zoom Parliament

[14:19] Talking Across the Aisle In Person

[16:50] Fascism on the Left

[22:41] Bill C-11: "The Online Streaming Act"

[35:35] Trudeau's Perpetual Scandals

[42:50] Interference with the RCMP

[46:04] Trudeau's Overweening Narcissism

[50:20] An Appetite on Display

[58:38] Trudeau's Unprecedented Spending

[1:03:25] Killing Alberta Oil

[1:04:25] Dependance on Russian Oil

[1:06:03] How the Green Movement Empowered Putin

[1:10:33] A Panoply of Utopian Nonsense—Again

[1:15:03] Communism in Eastern Europe

[1:15:45] Communist Parallels in the Progressive Movement

[1:20:34] "The Great Reset" and Trudeau

[1:21:21] Who the Hell is Klaus Schwab

[1:26:00] Closing Comments

—Links—

Follow Rex Murphy on Twitter: https://twitter.com/rexmurphy1

Follow the RexTV Youtube Channel: https://www.youtube.com/channel/UC2Ri...

Read Rex Murphy's articles at The National Post: https://nationalpost.com/author/rmurphynp/

Read Rex Murphy's book, 'Canada and Other Matters of Opinion': https://amazon.com/gp/product/B0031TZ...

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