Region. American warships and fighter jets now in place in the Eastern Mediterranean. The first shipment of american weapons and ammunition landing in israel overnight and we now know a team of u. S. Military, technical experts, experience in hostage recovery are on the ground as advisers with reports of dozens of american hostages in gaza. Select this attack was a campaign of pure cruelty. Not just hate, but cruelty against the jewish people. Truck reporter President Biden meeting with Jewish Community leaders at the White House White house promising continued additional funding and resources will not come until congressional approval and that cannot happen until there is a new speaker of the house. Sources tell nbc news that a vote by the full house is not likely this evening and when it does happen, his opponent, jim jordan, will likely support Steve Scalises election. Jay gray, nbc news, washington. A Bipartisan Group of u. S. Senators is asking the pentagon to send more support to
Lyrics sure, what happened to the 58 points of gains for the dow. All gone and markets selling off and sky d dar darkens literallyd figuratively and 216 points for the dow and s p down 34 and nasdaq losing 116. In the midst of the war in the middle east. All three are still kind of barely but still on pace to pin finish up for the week. If the gain that the dow had earlier comes back or a few points, blue chips snap a three week losing streak. We need to show you the interday of the vicks, earlier wall streets value tilty index was down volunteers and dillty was down and volatility was down and remarkably calm and around noon shortly after, it began spiking and up 7. 34 and equity market doing the opposite around the same time and dow was up as much as 58 points and sharp reversal and s p and nasdaq and the dow down 106 points and u turn came as bond yields marched higher on consumer Inflation Report for september and also this headline that came out, the uk is spend royal navy ves ves
A little of this is flight to safety. Were going to talk geopolitics. Were going to the white house. The white house announcing sweeping new rules on what is called a crackdown on junk fees including banking, travel, lease sure, and housing. Theyre looking to ban businesses from charging hidden fees. That would include resort fees, live event fees, car rentals and more. They would be required to show customers the full price up front. That i would be empowered to secure refunds if the mandate is violated. The white house also taking aim at banks. The Consumer Protection bureau will require large banks to stop charging fees for basic Services Like requesting your Checking Account bans or payoff balance. Its more of a simple process. This is a big deal. You know what . For consumers, its sort of hard to think how its a good thing. Im sure there are folks on the other side, business leaders, saying, oh, my goodness, this is a whole other level of complication and we dont want to do it or
International monetary funds Chief Economist Pierre Olivier gourinchas. The imf and the world bank are having their annual meeting in marrakech and later today, Finance Ministers from the 620 and Central Bank Governors will be meeting to discuss the health of the Global Economy. According to the imf, Global Growth remains dampened by Supply Chain Disruptions linked to the covid 19 pandemic and russias war in ukraine, persistently high inflation, and spiralling borrowing costs. Heres our economics editor faisal islam. The message from the imf for the 190 Finance Ministers and central governor business in marrakesh is that the World Economy they hope had turned a corner after three years of rolling your clinical crisis. Well, it is limping forward rather than sprinting forward now with geopolitical crisis. Slowdowns in very specific countries like china that they had not expected. There is an additional worry about this new higher for longer Interest Rate world that might affect the bank
But not sprinting. He is also concerned about Economic Uncertainty triggered from the conflict between israel and hamas as the death toll continues to rise. The bbc s economics editor Faisal Islam Sat down with him and asked if the Global Economy was heading in the right direction. In the right direction. Well, thins in the right direction. Well, things are in the right direction. Well, things are going in the right direction. Well, things are going in in the right direction. Well, things are going in the in the right direction. Well, | things are going in the right direction. What we are seeing is despite these large shocks that you describe, the World Economy is still standing. No global recession, you know, no massive slowdown that would put us into huge unemployment rates. We havent seen that. We have seen a surge in inflation, but inflation is sort of coming down now, both Headline Inflation and core inflation, so thats the good news, things are improving, the Global Economy has b