rishi sunak has appeared before mps in parliament on his first full day as prime minister, and announced yet more unravelling of liz truss s plans. the government s economic statement due to be delivered on monday has now been pushed back by almost three weeks to november the 17th. the delay did not trouble the financial markets. in fact, the pound rose again against the dollar and is currently trading at $1.16 up around 1.2% although that s also being driven a weakening dollar. the ban on fracking in england is back in place after it was briefly lifted by the former prime minister, and the decision on whether to link a rise in pensions with inflation is up for discussion again. rishi sunak had to defend his decision to reappoint suella braverman as home secretary, less than a week after she was forced to leave the role for a data breach. let s hear their exchange. he asked about the home secretary. the home secretary made an error ofjudgment, but she recognised that, she
the end of the tunnel, more investors by day s end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? you re right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we ve seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the federal reserve and chair jay powell is serious and adamant to keep raising interest rates in order to kill and bring down 40-year high inflation. 75% of wall street now expected interest rates to cross 4% in november this year. that means you re getting the highest yields on ten-year government bonds in 12.5 years. so the good news here is that higher rates is destroying demand. that s bringing d
good to be with you. i m ayman mohyeldin in new york. thursday s hearings of the january six committee was basically the mike pence show, revolve around the pressure campaign by donald trump s allies to get the vice president to use his constitutional, ceremonial role, on january the 6th, to change joe biden s electoral votes, or set them aside for donald trump. the panel may know about painting pence as a man of courage, who stood up against trump s plan. we are fortunate for mr. pence s courage on january 6th. our democracy came dangerously close to catastrophe. that courage put him in tremendous danger. when mike pence made it clear that he wouldn t give into donald trump s scheme, donald trump turned a mob on him. thanks in part to mike pence, our democracy was stood on trump s scheme and the balance of january 6th. all right. the committee wasn t alone. in fact, an article in the atlantic last week hailed pence as a national hero for turning back the threat t
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