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The John Batchelor Show

#LondonCalling: The cooling becomes talk of rate cut by year's end. @JosephSternberg @WSJOpinion

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 6 September 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary


#LondonCalling: The cooling becomes talk of rate cut by year's end. @JosephSternberg @WSJOpinion

https://www.nytimes.com/2023/09/01/business/economy/fed-jobs-economy-interest-rates.html


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1926 Hyde Park
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Transcript

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0:00.0

Hello, I'm Matt Ford and I'm Alice Levine and we're the presenters of British Scandal.

0:04.8

People do strange things, don't they, Alice?

0:06.9

I don't like the tone of your voice, what do you mean?

0:10.0

On our didn't mean you, I'm at the entire British public who in 2022

0:14.3

followed a live stream of a lettuce with a wig on.

0:17.5

Entirely normal behaviour.

0:19.2

There's more normal than what was going on inside Downing Street.

0:21.5

For this series on British Scandal we're taking you inside number 10,

0:24.6

covering the shocking and very short premiership of Liz Truss.

0:27.7

Listen to British Scandal wherever you get your podcasts.

0:35.2

This is CBS High in the world, I'm John Batch for the global economy, the American economy.

0:40.4

Financial times reporting, clasch, not, chair of the Basel-based financial stability board

0:47.9

in his regular update to G20 leaders who are meeting momentarily in New Delhi.

0:53.4

The global economic recovery is losing momentum and the effects of the rise in interest rates

1:02.2

in major economies are increasingly being felt.

1:06.3

I welcome Joseph Sternberg, member of the editorial board of the Wall Street Journal.

1:10.2

He writes the political economics column, he's based in London,

1:14.1

so he's looking at Europe, he's looking at the UK, he's looking at the globe.

1:18.2

Joe, a very good day to you, this warning from the financial stability board

1:23.6

in the financial times comes within days of the US reporting what was said to be a cooling jobs

1:31.0

number. The cooling jobs number first was seen as bad news is good news for the stock market,

1:38.0

but then again cooling is not a strong word.

...

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