to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s happeni
rises to 1.5 celsius above preindustrial levels. but island nations, which are hardest hit by climate change, are not happy. they say their way of life is being threated because there s not enough emphasis on cutting emissions in the short term. our climate editor, justin rowlatt, reports from dubai. we waited and we waited and then. hearing no objection, it is so decided. ..with the bang of a gavel, the deal was done. applause and it got a standing ovation. so the hammer has just gone down here in dubai, and that was the fastest that an agreement text has ever been agreed. the president, dr sultan aljaber, he s calling this an historic agreement, but it is hedged around with questions and doubts. it calls on countries to contribute to ambitious actions to tackle climate change. now, i could do a single plate and claim to have contributed to doing the washing up, but would you consider that i had really pulled my weight? the president of these talks was in no doubt how import
breaking news, congress votes to formally launch an impeachment inquiry into president biden. there is a lot to get to. i am here. norah: the dramatic speech from president biden s son. what hunter biden says he will only testify in his dads impeachment inquiry if it is in public. republicans say they are pursuing the truth. democrats accuse them of pursuing your ugly politics. norah: two people under arrest after a scary afternoon at an elementary school. students eating gummy bears contaminated with fentanyl. and our series about the pandemic s lingering effects on america s children. tonight, protecting the mental health of teens. i do think that we should have instructions on phones in the school setting. norah: good evening, and thank you for being with us on this wednesday night. we begin tonight with breaking news right here in washington on capitol hill. where just a short time ago, republicans in the house voting to begin a formal p impeachment in
million cars after the us regulator found its autopilot system was partly defective. the company says it is issuing a software fix. and find out what we ve been watching, as for the first time, netflix releases viewer data on its catalogue. time for a look at the business news now with ben. what do you have for us? matthew, thank you very much. we start with news from tesla. the carmaker is recalling more than two million cars after the us regulator found its driver assistance system, autopilot, was partly defective. the recall applies to every tesla sold in the us since the autopilot feature was launched in 2015. tesla said it would send a software update over the air to fix the issue. our north america business correspondent michelle fleury joins us now. michelle, explain this, there are lots of cars but the fix is relatively simple, we think. if lots of cars but the fix is relatively simple, we think. if you listen to the relatively simple, we think. if you listen to