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Joe Biden ‘fine’ after fall on stage in Colorado – BBC
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Published41 minutes ago
President Joe Biden is “fine” after tripping and falling over at an event in Colorado, White House officials say.
He stumbled on a sandbag while handing out diplomas at a graduation ceremony for the US Air Force Academy.
Mr Biden, who is the nation’s oldest serving president at 80, was helped back onto his feet and appeared to be unhurt after Thursday’s fall.
“I got sandbagged!” the president joked to reporters as he arrived back at the White House that evening.
He had been standing for about an hour and a half to shake hands with each of the 921 graduating cadets.
Footage shows Mr Biden appearing to point at one of two sandbags used to prop up his teleprompter as he was helped up by an Air Force official and two members of his Secret Service detail.
He was seen walking back to his seat unassisted and later jogging back to his motorcade when the ceremony ended.
“There was a sandbag on stage while he was shaking hands,” White House communications director Ben LaBolt wrote on Twitter.“He’s fine.”
White House press secretary Karine Jean-Pierre said Mr Biden had boarded the plane flashing “a big smile”, although one reporter noted that he did not take questions before the flight.
Critics have said Mr Biden is too old to run for a second term as president.
Recent polls suggest a majority of US voters are concerned about his advanced age.He would be 82 at the start of a second term if he wins.
This fall, in addition to previous stumbles from his bicycle and on the way up the Air Force One stairs, could add to those concerns.
Former President Donald Trump, the Republican frontrunner to face Mr Biden in the 2024 White House election, reacted to the incident from a campaign event in Iowa, saying “the whole thing is crazy”.
“I hope he wasn’t hurt,” said Mr Trump, 76, who has often poked fun at Mr Biden’s age.“That’s not inspiring.”
“You got to be careful about that because you don’t – you don’t want that.Even if you have to tip toe down the ramp,” added Mr Trump, apparently referring to his own careful walk off a stage that made headlines in 2020.
He said at the time that the ramp at the US Military Academy in West Point, New York, was slippery, and brushed aside the ensuing media questions about his own health as fake news.
Florida Governor Ron DeSantis, another 2024 contender for the Republican nomination, also reacted to the fall during a campaign event in New Hampshire: “We hope and wish Joe Biden a swift recovery from any injuries he may have sustained.
“But we also wish the United States of America a swift recovery from the injuries it has sustained because of Joe Biden and his policies.”
Mr Biden’s last physical examination took place in February.
White House physician Dr Kevin O’Connor wrote at the time: “The President remains fit for duty, and fully executes all of his responsibilities without any exemptions or accommodations.”
Dr O’Connor added that Mr Biden walks with a “stiffened gait”, largely caused by wear and tear on his spine and nerve damage in his feet, but that his condition was unchanged from a previous physical in November 2021.
Mr Biden is hardly the first commander-in-chief to lose his footing in front of the cameras.
President Barack Obama tripped walking up stairs at a 2012 event, while President Gerald Ford fell down the stairs of Air Force One in 1975.
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Sri Lanka economy shows tentative signs of improvement: IMF – Zee Business
Sri Lanka economic crisis: Sri Lanka’s bankrupt economy has shown “tentative signs of improvement,” a top IMF official has said, underlining that this reform momentum must continue under strong ownership by both the authorities and the Sri Lankan people.These remarks were made by International Monetary Fund Deputy Managing Director Kenji Okamura on Thursday at the end of his two-day official visit to the debt-trapped island nation.
“Sri Lanka’s economy is showing tentative signs of improvement, in part due to the implementation of critical policy actions.
But the economic recovery remains challenging.Now, more than ever, it is essential to continue the reform momentum under strong ownership by both the authorities and the Sri Lankan people”, he said in a statement.
Okamura’s visit followed the approval on March 20, 2023, by the IMF Executive Board of 48-Month arrangements of about USD 3 billion under the Extended Fund Facility (EFF) with Sri Lanka.
He said the current economic crisis has its genesis in policy missteps aggravated by external shocks.“We discussed the importance of fiscal measures, in particular revenue measures, for a return to macroeconomic stability.I was encouraged by the authorities’ commitment to negotiating a debt strategy in a timely and transparent manner,” he said.
“Continued open dialogue with the creditors will help to reach restructuring agreements to restore debt sustainability in line with the programme targets.Undoubtedly, safeguarding the stability of the financial sector is of utmost importance in this process”, he said.The IMF believes it remains essential to protect the poor and the most vulnerable that have been disproportionately affected by the crisis.
The IMF comments came as President Ranil Wickremesinghe in a televised address on Thursday stressed the need to commit to the challenging economic reforms in order to get over the crisis.
Wickremesinghe promised the countrymen a future of economic stability without hardships, as he asked them to support the government’s reform efforts for reviving the island nation’s economy after its bankruptcy.
Wickremesinghe, who is also the finance minister, said: “These reforms will lead to decreased cost of living, improved standards of living, relief for the poor and a culture of transparency”.He said the country’s economy is gradually recovering thanks to the correct policies adopted by the government over the past nine months.
Debt-ridden Sri Lanka, still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April last year, is hopeful that inflation will reduce to single digits.In April 2022, Sri Lanka declared its first-ever debt default, the worst economic crisis since its independence from Britain in 1948, triggered by forex shortages that sparked public protests.
Months-long street protests led to the ouster of the then-president Gotabaya Rajapaksa in mid-July.Rajapaksa had started the IMF negotiations after refusing to tap the global lender for support.
Click Here For Latest Updates On Stock Market | Zee Business Live
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LIVE: Composition of UNSC not aligned with realities of world, says … – Business Standard
Business Standard brings you top news at this hour
Speaking on the 350th anniversary of the coronation of Chhatrapati Shivaji Maharaj, PM Narendra Modi on Friday said, Chhatrapati Shivaji continues to inspire us.
He was a beacon of bravery and courage and showed us self-governance.He ended the mindset of slavery.
Shivaji was not only a great soldier but also a great administrator.
Ambassador of India to the UN Ruchira Kamboj on Friday spoke on the need to reform the United Nations Security Council.In her address, she said, “I stand before you today to address a critical issue that has long been debated & demands our urgent attention – the reform of the United Nations Security Council.As we gather here, we are reminded of the world’s evolving challenges & the pressing need for a Council that is more representative, more inclusive & effective in maintaining global peace & security.The current composition of the Security Council no longer aligns with the realities of our interconnected & multipolar world…”
The US Senate voted to pass a bill that would extend the debt ceiling for two years and establish a two-year budget agreement a broad bipartisan vote.Fending off a US default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk to become law before the fast-approaching deadline.
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First Published: Jun 02 2023 | 8:31 AM IST
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Stock market today: Asia follows Wall St up on hopes Fed will ease … – The Associated Press
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday ahead of an update on the U.S.jobs market after Federal Reserve officials reignited hopes another interest rate hike might be postponed and lawmakers gave final approval to a deal to avert a government debt default.
Shanghai, Tokyo, Hong Kong and Seoul advanced.
Oil prices strengthened.
Wall Street’s benchmark S&P 500 index rallied 1% on Thursday after data showed manufacturing and retail activity weakening.That added to hopes the Fed might decide upward pressure on prices is easing and more rate hikes can be postponed or scaled down.
“Skipping a rate hike” at this month’s Fed meeting would let policymakers “see more data before making decisions,” said a board member, Philip Jefferson.The president of the Federal Reserve Bank of Philadelphia, Patrick Harker, made similar comments.
The statements “reignited the prospect of skipping a hike” after strong jobs data last week fed fears of more increases, said James Knightley of ING in a report.
https://apnews.com/article/stock-markets-debt-deal-bank-rates-9cf49eaa2bdcb21ee958c3bb4477dd6e”>
Stock market today: Asia follows Wall Street up on hopes Fed will ease off rate hikes
https://apnews.com/article/inflation-europe-food-prices-77c0d22dd3ff5aad439a995542a8e6a8
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal
https://apnews.com/article/stock-markets-debt-default-ai-congress-c27d2d956836cd312506e86cfc00fce4
Stock market today: Tech leads more gains on Wall Street
However, Knightley said, if a monthly U.S.government report due out Friday shows the job market still is strong, that “could easily swing things back in favor of a hike.”
Late Thursday, the Senate gave final approval to an agreement to raise the amount the government can borrow in exchange for spending cuts.
The widely expected step removed the threat of default that roiled market last week before President Joe Biden and Speaker Kevin McCarthy of the House of Representatives negotiated a compromise.
The Shanghai Composite Index gained 0.7% to 3,226.58 and the Nikkei 225 in Tokyo added 0.8% to 31,384.93.
The Hang Seng in Hong Kong surged 3.4% to 18,833.15.
The Kospi in Seoul rose 0.9% to 2,591.48 and the S&P ASX 200 in Sydney was 0.3% higher at 7,130.20.
New Zealand declined while Bangkok advanced.Markets in Singapore and Indonesia were closed for holidays.
On Wall Street, the S&P 500 rose to 4,221.02.
The Dow Jones Industrial Average gained 0.5% to 33,061.57 and the Nasdaq composite jumped 1.3% to 13,100.98.
While the agreement on avoiding a U.S.debt default was positive for the market, investors are more concerned about
whether the economy will fall into a recession before inflation recedes enough to convince the Fed to ease of rate hikes.
A report Thursday showed
fewer workers applied for unemployment benefits last week than expected, while another suggested employers increased their payrolls last month by more than forecast.
That’s good news for workers and the overall economy, but the Fed worries a strong job market could also keep pressure up on inflation.
A report from the Institute for Supply Management said manufacturing shrank for a seventh month in May.
The contraction was worse than both the prior month and what economists expected.
Following those reports, traders were largely betting on the Fed to hold rates steady, though
Jefferson also said that wouldn’t necessarily mean the end to hikes.
Apple, Microsoft and Amazon all rose at least 1.3%.Their movements carry extra weight on the S&P 500 because they are some of the most valuable on Wall Street.
Dollar General dropped 19.5% after the retailer reported weaker profit and revenue for the latest quarter than analysts expected.It serves lower income households.
Macy’s, which also owns Bloomingdale’s stores, rose 1.2% after reporting better-than-expected profit but weaker revenue than forecast.It also
slashed expectations for the year and said shoppers began to pull back starting in March.
Some of the enthusiasm surrounding Wall Street’s recent frenzy around
artificial intelligence also cooled.
C3.ai gave a forecast for revenue this upcoming fiscal year that failed to wow Wall Street like Nvidia’s did last week.
C3.ai tumbled 13.2%, though it’s still up 210% so far this year.Nvidia rose 5.1%.
In the energy market, benchmark U.S.crude rose 38 cents to $70.48 per barrel in electronic trading on the New York Mercantile Exchange.The contract rose $2.01 on Thursday to $70.10.
Brent crude, the price basis for international oil trading, advanced 42 cents to $74.70 per barrel in London.It gained $1.68 the previous session to $74.28.
The dollar declined to 138.74 yen from Thursday’s 138.86 yen.
The euro edged up to $1.0765 from $1.0762.
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