Washington. Meanwhile, President Trump is back at the white house after playing a round of golf. He has claimed, again without evidence, that he won the election and his supporters are not losing hope. There are questions about some irregularities and the integrity of those results, and so, my hope for being here is to bring scrutiny to that process. Welcome. Joe biden has been elected the 46th president of the United States of america. The bbc projected a few hours ago that he crossed the threshold needed of 270 electoral couege threshold needed of 270 Electoral College votes after winning the critical state of pennsylvania. We have also projected that mr biden has won nevada as well. Lets take a look at the numbers. President elect joe biden is on 279 electoral couege joe biden is on 279 Electoral College votes now, compared to 214 for College Votes now, compared to 214 foertrump. He is College Votes now, compared to 214 for mr trump. He is due to address the nation in the coming hou
And inflation thats finally nearing the feds target level but the move also means consumers and businesses will face higher loan rates over time and i want to bring in our financial correspondent in new york now you say yes how is this news going down there on wall street. Well we see a mixed reaction here on wall street slightly to the downside higher rates are good news for Financial Institutions so bank stuff for example trading to the upside on the other side higher Interest Rates or could also drive for Mortgage Rates higher and that does put some pressure for instance on the Housing Stock so a slight negative reaction on the right decision by the Federal Reserve and he had said the rate rises this year. Yes the Federal Reserve is unusually clear on the past looking forward to overall the Federal Reserve expected for Interest Rate increases in twenty eighteen so weve seen two already meaning another two are to come and then maybe also a couple of more rate increases and twenty nin
And then its sort of separate at the end of the war. And also coming up transatlantic ties loosen further as the German Foreign minister gives the clearest sign yet that germany no longer sees its alliance with the United States as unconditional. That i could not to imagine that the German Foreign minister would ever be in a situation where they have to Say Something like this before we stand with the force. But under President Trump the atlantic has become wider and trumps isolationist policies have left a global vacuum. And that is coming up later in the program but first the United States canada and mexico will host the twenty twenty six football world cup their bid roccos in a vote at the Fifa Congress in moscow it comes at a time when relations between the three countries have hit a new low thanks to u. S. President donald trump attacking his neighbors over nafta and immigration even so the decision has been welcomed by all as the world looks forward to the future of the beautiful
Then they try to separate at the end of the war. And also coming up transatlantic ties loosen further as the German Foreign minister gives the clearest sign yet that germany no longer sees its alliance with the United States as unconditional. That i could not to imagine that the German Foreign minister would ever be in a situation where they have to Say Something like this before we stand. Be forced to incur. But under President Trump the atlantic has become wider and trumps isolationist policies have left a global vacuum. And that is coming up later in the program but first the United States canada and mexico will host the twenty twenty six football world cup their bid moroccos in a vote at the feet of congress in moscow it comes at a time when relations between the three countries have hit a new low thanks to u. S. President donald trump attacking his neighbors over nafta and immigration even so the decision has been welcomed by all as the world looks forward to the future of the bea