Clearing. The way Breaking News good evening youre in the cnn newsroom. Im Kaitlan Collins in New York, and we start with Breaking News this hour as the Death Toll from Hurricane Helene is now ill climbed to at least 93 people. As officials are warning us that number is only expected to grow. The North Carolina Governor, i just spoke with them in the last hour. He says over but thousand people have filed reports that Loved Ones. Theyre unable to reach them as of this bowman is several areas of his state are still in Search And Rescue Mode President biden has been briefed by fema. He is planning to visit Storm Stormravaged Areas later this week, were told and what hell see is nothing short of devastating sides of mountains have collapsed, sliding down into towns overwhelming communities with mud and debris. Entire roads have crumble of meeting that survivors have no words they out and rescue crews no way in. Cnns Rafael Romo is live for us in asheville, North Carolina, in rockville. Obv
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Rates on hold at one quarter of 1 . The rbnz saying they are going to be they are committed to reviewing their quantitative easing program. The policy committee reached consensus on this decision. They are saying they are prepared to provide additional stimulus as is necessary. All the economists we talked to the benchmark Interest Rate in new zealand staying on one quarter of 1 . Little to no reaction on the new zealand daughter new Zealand Dollar. 64 u. S. Cents. Tom lets get some of the views from our guests at the bloomberg summit. Sharing their views on the prospects of a recovery from the pandemic. I do not think anybody can be confident with the kind of uncertainties that prevail. I would put say is my odds on a v shaped recovery. How we are going to share the burden in a credible way. It is not just financial and fiscal support. It is also regulatory charges we have undertaken to support the economy. As recently as early april, i saw china could only i thought china could only
Businessweeks editorinchief, joel weber. We begin with jay powell. Joel take something complicated and simple it down. The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. The Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps friend are ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Anol we believe this is independent organization and for the first time, we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now, weve lived through the tension between trump and powell, more from trump than from powell.
The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps friend are ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization and for the first time, we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now, weve lived through the tension between trump and powell, more from trump than from powell. It is onesided, for sure. What effect has not had on the fed . What chris got to was, not much of an effe