In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h
An adoring puppy, waiting for you at the gate the news continues On Cnn with Wolf Blitzer in the situation he shouldnt bet be see Tomorrow Property now, Breaking News, cnn uncovers very disturbing and very graphic past comments made by the republican nominee for governor North Carolina, mark rn. Stand by for details on the Exclusive Reporting by Cnns Kfile also this hour, Oprah Winfrey is using her Star Power to help Kamala Harris in the key Battleground State of michigan, hoping to appeal to a broad range of voters and mobilize Black Women who support this considered crucial to the Harris Campaign. Plus a new round of president Ial Polls shows that Harris Trump Race remains Neck And Neck with 47 days to go. Ill ask the former democrat turned independent senator Joe Manchin about the state of the Campaign Welcome to our viewers here in the United States and around the world. Im Wolf Blitzer. Youre in the Situation Room the skis, cnn Breaking News. We begin with cnns exclusive breaking
Per agenda item for up to two minutes. Item number 1, call to order. Director tsen. Director tsen, youre muted. Here. Clerk director dunlop. Here. Clerk director richardson. Here. Clerk director kwon. Here. Clerk director shifrin. Here. Clerk supervisor haney. We do have a quorum. Good. Thank you. Thank you, directors, for joining us. I know sometimes its technical difficulties with this technology. But i hope that well be able to get through the agenda quickly and efficiently. Thank you all for being here. The last Board Meeting was in october. And what a difference a month makes. Now that were in november. We have a new president elect. So it is, i hope okay. So lets go forward with the first item. Clerk item number 2, general Public Comment. This item is to allow members of the public to address the Treasure Island Development Authority board on matters that are within the subject matter jurisdiction of the Authority Board and that do not appear on todays agenda. In addition, to gen
U. N. Secretary. Thank you. Thank you for having us. Were delighted to have you both. So, let me start with you, if i may, doctor. Could you give us a global snapshot of Energy Poverty, where things stand, what populations are affected and what kind of repercussions are for gender equity and employment in the areas of the world that are most affected. Thanks again for having us. I think to just talk about what the Rockefeller Foundation has done and under the leadership of secretary munoz is looking at how we can end this Global Partnership and Energy Poverty. And as you ask, and rightly so, what is the global landscape. Let me start with my own continent. Africa accounts for only 2. 3 of the 270,000 hours of electricity generated. Asia is only 7. 8 . Its africa but also south and central america, its 4. 9 . When you look at those three, africa, 3. 2 , india, 5. 8 , and south and Central Africa america are just 4. 9 , you see theres still large swaths of the global space that is energy
Where things stand, what populations are affected, and what the kind of repercussions are for gender equity and employment in the areas of the world that is most affected . Thank you, thanks again for having us. To just talk about what the Rockefeller Foundation has done and under the leadership of secretary moniz is looking at how we can end this Global Partnership and Energy Poverty. As you asked and rightly so, what does the Global Landscape say, let me start with my own continent. Africa is 3. 23 of electricity generated. Asiapacific is 5. 8 . I think thats why were look at this globaly. Because its africa but also south and central america, 4. 9 . When you look at those three, africa. 3. 2 , india, 5. 8 , and south and central africa, america, at just 12. , you see theres still large swaths of the global space that is energy poor. Dr. Songwe when we talk about it related to the covid crisis, that is one of the reasons why the Rockefeller Foundation and poverty university wanted to