John live look at the Federal Reserve where a decision on the future of Interest Rates is imminent. We should get it any second now. This announcement should have major implications for americans feeling the pinch of inflation. We do expect federal Reserve Chairman Jay Powell Toehold a News Conference later this hour as is traditional. With that, John Roberts and washington. Sandra Sandra Smith in New York. Might as well sell myself because right now you are looking at a bit of a turnaround. What are we looking at with the dow . But the Tick Marks not indicating that peer do you see that . The Tick Mark is read. We are going to look at that because i dont know what that is. A minute ago it was flat now it is up okay, the decision is now, okay, 50 Basis Points. The Tick Mark is not on the screen but that is accurate. The dow is now up 323 points, john. That Tick Mark there it is there it is. All right, so this was highly anticipated. Kelly ogrady from Fox Business ran onset with us to c
Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half a percentage point. Thats more than expected, and it is the first Rate Cut since the Covid Pandemic in 2020 and the largest since the 2008 financial crisis. So tonight the big question is, what does it mean for your Credit Card bills, your mortgage, your auto loans, and
Those devices with tiny explosives . Also tonight, the federal reserve going big with its first Interest Rate cut in more than four years. What it means for your money. The race for the White House after both candidates courted the teamsters. The powerful union making a Surprise Move today, something it hasnt done in nearly 30 years. Harvey weinstein back in court for the first time since Emergency Heart Surgery. The new Sex Crime Charge he faces. Also back in court, sean diddy combs. Why a second judge denied bail in his Sex Trafficking Case as his lawyer slammed his Jail Conditions as horrific. The accident on a Childrens Field Trip to an Apple Orchard, the Wagon Ride overturning. Dozens injured. And their story was immortalized in a hit movie. Today the special honor on Capitol Hill for the hidden figures who helped America Land on the moon. We have a liftoff 32 minutes past the hour. Announcer this is Nbc Nightly News with lester holt. Good evening, and welcome. For a second day in
reception from congressional lawmakers both sides of the aisle during explosive hearing today. but, first, china s very bad intentions for the u.s. via hacking. the head of the fbi sounding a serious alarm tonight. correspondent david spunt has details. good evening, david. bret, good evening. fbi director christopher wray chooses his words carefully and his words today sobering. china s hackers are positioning on american infrastructure in preparation to wreak havoc and cause real world harm to american citizens and communities. wray warned lawmakers during a hearing on cybersecurity and china s aggression. he says chinese hackers outnumber u.s. cyber personnel at least 50 to 1. u.s. intelligence agencies identified hundreds of routers that have been taken over by a china-backed hacking program called volt typhoon. the program injected malware into u.s. sectors like energy communications and water treatment. china s intent? to destroy or degrade the civilian critical
desperate hours in the search for the missing titanic sub. still no sign of the craft as oxygen quickly runs out. plus a deadly tornado strike, three people killed in north texas, the state s second fatal storm in less than a week. and president biden is welcoming narendra modi for a state dinner even though some of his policies may be a little tough to swallow. welcome to our viewers in the united states and around the world. i m christine romans. we begin with just hours remaining until the air runs out on that titan submersible. the sub went missing sunday morning less than two hours after its launch to tour the rec of the titan . they had a 96 hour supply of oxygen and that is due to run out this morning. if they are still alive, and we re looking at dwindling oxygen, that the decrease in oxygen getting to the brain and that increase in carbon dioxide is a very panicky situation. you feel your world closing in. paula newton is live in halifax. what is going o