Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
We have continuing coverage of the story on bbc news. Countdown serve the fed, the us Central Bank is expected to cut Interest Rates in the next couple of hours. The question is by how much. Also ahead, Uk Inflation hold steady in august but as the Bank Of England finally slaying the dragon . And The Party is over for tupperware as the 78 year old firm filed for bankruptcy. We lift the lid on what went wrong. Welcome to business today. We start in the us where the federal reserve is poised to cut the cost of borrowing for the first time in four years. That decision comes in less that three hours. It will come at two oclock eastern time. Americas Central Bank cranked up Interest Rates for the highest in two decades to get soaring inflation under control. Lets take you live to New York and talk to our North America Business correspondent. Investors are betting on a cat but the Big Question is how deep that cut will be. Indeed. Thats the deep that cut will be. Indeed. Thats the interestin
Diverting forces, resources And energy towArds the north. These events confirms thAt there is A serious risk of A drAmAtic escAlAtion in lebAnon, And everything must be done to Avoid thAt escAlAtion. Hello And welcome. On the context in the next hour. After A second dAy of deAdly explosions Across lebAnon, tArgeting hezbollAh, well be live injerusAlem, lebAnon And wAshington. IsrAeli leAders sAy theyre opening A new phAse in the wAr, And the Centre Of GrAvity is shifting to the north. Well Ask whAt does thAt meAn . Also on the progrAmme the us CentrAl BAnk goes big with its first Interest RAte Cut in four yeArs, lowering its key Lending RAte by hAlf A PercentAge Point. And who is briefing AgAinst the LAbour Chief of stAff Sue GrAy And why . As the bbc is told she eArns more thAn her boss the prime minister. We stArt in lebAnon, where theres been A fresh wAve of explosions Across the country, which hAve killed At leAst 1A people, with more thAn A50 injured. HAnd held rAdios or WAlkie TA
Joining me tonight are political Strategist And Commentator Rina Shah and columnist for the i and former Labour Executive Director of Policy Andrew Fisher first , the latest headlines. Israels Defence Minister has said the military is opening a new phase in the war, and will be diverting troops and resources northwards. Yoav gallant was speaking to troops at an airbase near the border with lebanon. It comes as 14 people have been killed and at least a50 injured in further explosions across lebanon involving Walkie Talkies. The us Federal Reserve has cut Interest Rates by half a Percentage Point in its first reduction since the pandemic. It puts the Central Banks benchmark Lending Rate at between 4. 75 and 5 , sharply lowering the cost of borrowing with less than 50 days to go until the us president ial election. The Foreign Office has summoned the russian ambassador to the uk over the expulsion of six british diplomats from moscow. A spokesperson Accused Moscow Of Making malicious and
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump