Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russ
Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners
Cafes and bars as workspaces . We talk to the businesses making sure that hosting workers pays. First grand Slam Quarterfinalfor Jack draper, the first british player in mens singles to reach the last day of the Us Open since Andy Murray eight years ago. More of you should see at least a little bit of Sunshine Today but they will still be shower clouds around. I will have all the details. Good morning. Its tuesday the 3rd of september. PhOne companies are to meet with Government Ministers to discuss measures to tackle crime, after the number of Snatch Thefts more than doubled in england and wales over the last year. The government says the rise is down to an increase in demand for second hand smartphOnes both in the uk and overseas. Our correspondent Frances Read has the details. Audacious. Easy. A quick snatch, and its gOne. Pins and facial recognition help, but theyre not a solution. And its often young people who are being targeted in places like parks and outside transport hubs. Th
The stone, the fuel that will bring home the remaining 101 hostages. I am honest, and i say its not that hersh was perfect, but he was the perfect son for him, and i am so grateful to god for 23 years i was privileged to have the most stunning honor to be hershs mama. Truly heart breaking Eulogies Yesterday from the parents of hersh goldberg. Pollin. His body and the bodies of five other hostages were recovered over the weekend in southern gaza. Their deaths ignited massive protests across israel, putting more pressure on Benjamin Netanyahu to reach a Ceasefire And Hostage deal. Well go through all of that in just a moment. Plus, well bring you the latest from the Campaign Trail as we are now just over two months from election day. Good morning, and welcome to Way Too Early on this tuesday, september 3rd. Im jonathan lemire. Thanks for starting your day with us. We have a lot to get to this morning, and we will begin this morning with the recent and heart breaking developments out of T