It is just coming in right now. The federal reserve announced half a point. That was not the most expected. 48 days to the election, great news for the economy. Critics said it could not happen, but our policies a little policies are lowering costs and creating jobs. As a republican nominee plans to raise your grocery prices. How can a family of four that, like cheerios? i haven t seen cheerios in a long time. And nancy pelosi on the state of the race and the maga threats in the house. And growing calls for center in the senate as a hate crime hearing flies off the rails. You do not support hamas. I oppose you should hide your head in a bag. When all in starts right now. Good evening from new york. I am chris hayes. We are so back. This afternoon federal reserve chair jerome powell took the stage to announce the feds first cut in interest rates since 2020 and the beginning of the pandemic recession and it was a big one. A half percent interest rate reduction to stimulate borrowing and
Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th
A dam has burst. And the rest of northern ireland, with temperatures the pressure is increasing. Around 22 celsius. This Evening Nysa has already flooded, but it could get much worse, and overnight, cloud and so residents like teresa have Northern Scotland continues to been told to get out thin and break put across east to higher ground. Wales, central and eastern england, we will see more misty and Blue Clad developing so it will not be as cold across southern areas compared with last night, Clear Skies in its the weather, its nature, what can you do . She tells me. But nature is powerful. Southern scotland, North Wales and northern ireland, but lots of sunshine in these areas to start tomorrow, some mist and it smashed up the main bridge in the next Town Fog patches gradually cleaning. And plunged it underwater. He mist and low cloud in when the floods subsided, there was chaos. Eastern england will break up. And filth everywhere. In the early morning and afternoon, some patches rema
Emergency Evacuation Order and a there were volunteers here all Night Stuffing Sandbags like this and forming human chains, to bring the bags down now near to the embankment, where a section of the River Bank had subsided and there was a danger according to the mayor of that River Bank collapsing completely at the water rushing through into the town of nysa where we are now. You can see the wall of sandbags and the river behind. They have plugged the gap and in fact the River Water Level has begun to fall back. It seems according to the authorities that the immediate danger has passed. They are prepared if the Water Level rises again. There is talk of another problem with the Embankment A little further up but after a dramatic night lots of helicopters in the skies, lots of sirens and huge numbers of volunteers to bring these sandbags to the spot to try to protect their town. It does seem like this morning The Sun has come out and people are more hopeful, that perhaps the worst has pas
Thousands have been left homeless, and more bad weather is forecast. Slovakia and hungary are bracing against floodwaters moving down the River Danube and its tributaries. These are the pictures from nysa overnight where people have been helping protect the flood defences. 0ur correspondent, sarah rainsford, is there. I am in nysa now, just a few miles from where we were for that report and here in nysa it was a pretty dramatic night overnight. The mayor, as you heard in that report, had given an Emergency Evacuation Order and then there were volunteers who are here all Night Stuffing Sandbags like this, forming a Human Chain to bring the bags down here to the embankment where a section of the River Bank had subsided. And there was a danger, according to the mayor, of that River Bank collapsing completely and the water rushing through into the town of nysa where we are now. You can see the wall of sandbags and the river behind. They have plugged the gap and in fact the River Level or W