Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
change. but they did feel as a community, as black men, especially, we need to be there for our boys because superman isn t coming in and the sight isn t going to change but they need to pass down lessons learned. give them some gems to bolster their standing in the community. even when it is tough, it is not getting better but we have to be there for ourselves even though we couldn t protect our boys we have to find a way to protect the next generation. how heartbreaking. trymaine, thank you for being with us. trymaine lee. the full special airs tonight at 10:30 eastern on nbc news now. thanks a lot. happy father s day. thank you, like wise. and eugene robinson, thank you as well. happy father s day. are you boys going to be home. one is nearby. so i ll see lowell and then aaron lives in berkeley. he s a father so i ll get to call him and wish him happy father s day. oh, good. so many grandkids do you have? two. well i may have your son call my son. i need some
threaten the world s security and prosperity, in an exclusive interview with the bbc. we start in the us where, as you ve been hearing, president biden has been giving his first televised address since taking office. before that though, he signed a record breaking $1.9 trillion economic rescue package for the us into law, after it passed its final vote in congress on wednesday. the first direct payments of $1,400, which will benefit most americans, are expected to start arriving over the weekend. there s also bailout money for state and local governments and an increase in child and unemployment benefit, as welll as more funding for vaccination. the plan was unanimously opposed by house republicans, critics say it goes way beyond what s needed to tackle the pandemic fallout, and risks stoking inflation. so what are the long term implications? ed stringham is economics professor at trinity college in hartford, connecticut, and president of american institute for economic resea
Known for the buildings hes built, and the wives hes divorced. You dont want to cross him, though, because he likes getting even. And hes made it a rule that no one pushes him around ever. So how did he lose all his money, and then get it back again . Donald trump, a very warm welcome to the programme. You say you cant make an omelette without breaking eggs. That sounds like a very destructive business philosophy, is it . Well im not sure ive actually used those words. But generally, you have to shake things up pretty pretty much, in order to do something of consequence. And i have shaken things up, and ive had the best business years of my life, by far. How rough is business in new york . We hear a lot about, its the roughest, toughest, the most ruthless business in the world. Is it . Well i think the business in new york tends to be tougher, maybe, than in other places, but im not sure its true. The Real Estate Business in new york is an amazing business. Its a great business. And an
Known for the buildings hes built, and the wives hes divorced. You dont want to cross him, though, because he likes getting even. And hes made it a rule that no one pushes him around ever. So how did he lose all his money, and then get it back again . Donald trump, a very warm welcome to the programme. You say you cant make an omelette without breaking eggs. That sounds like a very destructive business philosophy, is it . Well im not sure ive actually used those words. But generally, you have to shake things up pretty pretty much, in order to do something of consequence. And i have shaken things up, and ive had the best business years of my life, by far. How rough is business in new york . We hear a lot about, its the roughest, toughest, the most ruthless business in the world. Is it . Well i think the business in new york tends to be tougher, maybe, than in other places, but im not sure its true. The Real Estate Business in new york is an amazing business. Its a great business. And an