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
If you count the legal votes, i easily win. If you count the illegal votes, they can try to steal. Ive said, very strongly, that mailin ballots are going to end up being a disaster. Small elections were a disaster. Small, very easytohandle elections. He doubled down on his intention to take the contested results to the Supreme Court for what could be a lengthy battle. A lot of litigation cause we have so much evidence, so much proof. And its going to end up, perhaps at the highest court in the land. He, also, urged officials to stop counting the votes. Trump Campaign Representatives are filing lawsuits to stop ballots from being tallied in some k states. They, also, say they will ask for a recount in wisconsin. Here is where the race stands for trump, right now. Much of the electoral map has been filled in. But, all eyes are on pennsylvania where his slim lead is shrinking. Our u. S. Partner, abc news, has not projected the winner of other states as well, such as North Carolina and nev
Tanzanias government of persecuting political opponents in the run up to this months general election Amnesty International says the law is being weaponized to crackdown on opposition figures and journalists twitter has flagged the tweet by u. S. President of trump as misleading after he claimed he was immune to coronavirus trumps also declared these free of covert 19 a week after testing positive press in june while the top u. S. Infectious diseases expert is accusing dog trumps Reelection Campaign of twisting his words on the coronavirus pandemic and to need to says the campaign ad has been edited to make it seem like hes indorsing the president s handling of the crisis. Hong kongs leader has postponed the annual policy address until after she travels to beijing carol lam says the citys economic recovery needs the mainland support and is calling for better integration with chinas development plans. The reason to delay the delivery of the policy address is because of the pandemic peop
Into the streets to end the unrest a power vacuum following sundays parliamentary election is still continuing but there are hopes in a move by 2 leading opposition leaders to join forces charles traffic is in bishkek weve now had a statement come through that is being made by the by speaker of Parliament Saying that parliament has to vote on the state of emergency in order for it to be legal we understand that the motions the session of parliament will be held tomorrow to do exactly that certainly the opposition are putting pressure on the government to follow the kind of legal parameters that this country is proud of setting up in recent years but as i say in the last few days the chaos that weve seen on the streets seems to suggest that all those legal parameters seem to be falling apart. Well talks are underway in a bid to end the conflict between army near in azerbaijan but the as area leader is ruled out making any concessions but the escalation meeting is the 1st diplomatic cont