3.i% of 9.1% in mid 2022 tojust 3.1% in november above the target of 2% and jerome powell said they had not ruled out raising rates again in the future. still, all three major markets finished higher in industrial average more than 500 points to a record close and this is the third time in a row after central bank decided against other hike and for investors, satisfying this the only question on their mind is when will the feds start cutting them. that happened in the us overnight in from investment firms, they gave me her take on what the decision means the rest of the world. i did this is a very good question we have seen in this business cycle is the us praise to delete other markets and we can only take signalled what is happening and the progress on inflation that makes it feel comfortable to cut interest rates and i wonder what the next step will be if other central banks will get to this stage and easing financial conditions in the markets that is a part of the puzzle,
will: it s the 7 a.m. hour of fox & friends weekend starting with this, four israeli hostages are finally reunited with their families. the intel that led to this daring rescue. rachel: plus, calling in the cabinet, president biden dispatching his top secretaries to help sell legislative achievements in key battleground states. th if president can t wait to hear from them. and spreading salvation. hundreds of believers pack times square to worship jesus. that saved a wretch like me pete: that s amazing grace. that beats the normal times square vibe on a saturday rachel: yeah, what happened to times swear? i m liking this makeover. pete: i know. second hour of fox and friends weekend starts right now. if. turn it up and sing along if. rachel: did you want to guess that? it is tampa, florida. pete: i did. do you know, i ll confess, we have in this fancy new studio, we have fancy new screens that are different from the other studio. see, in tv you have what s
united states and all around the world, we have reports from rome, berlin, the white house and tokyo. this is early start, i m laura jarrett. good morning, i m christine romans. we begin in europe, it s cheaper, simpler to deliver and is being pulled off the market, some countries in the last few minutes halting use of the astrazeneca covid vaccine after a small number of patients experienced blood clots. it s another blow to the eu s sluggish vaccine rollout. in vaccine is not authorized in the u.s. yet but it is being counted on to fight the uk variant spreading around the world. all this comes at a really difficult time. a third wave of infections is sweeping across europe and forcing renewed restrictions, hospitalizations on the rise in france, germany seeing a spike in cases and italians back under lockdown. that s where cnn s melissa bell is live for us this morning, she s in rome. melissa, good morning. what can you tell us? reporter: good morning, lawyer rachl
World business report. Over a barrel. Can opec fire up the price of oil without fuelling its us shale rivals . Plus no rupee regrets. Indias Finance Minister defends his decision to scrap the countrys most popular banknotes. He tells us why the days of cash in hand are over. Welcome to World Business report. Im sally bundock. Also coming up a record close again on the s p500 how are markets trading in asia . Well be getting the latest from the region. We start with the price of oil. It affects us all and its future direction could be decided later today at a meeting of the worlds top producers. We are talking about opec, the organisation of the Petroleum Exporting countries. Thats the Gulf Countries led by saudi arabia, as well as others including iraq, iran and nigeria. They have been joined by non opec member russia and they are expected to announce a deal later today to try and push Prices Higher. Lets show you the details. In December Opec and non opec countries agreed to cut produ
Markets are trading higher, taking their lead from asia. And i sit down with the man who makes hollywood blockbusters without the hollywood budget. Jason blum tells Me Why Making Movies On The Cheap gives him more freedom to make betterfilms. And as the boss of] crew says he underestimated how technology would revolutionise retail. We want to know how has it tech changed the way you shop . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Do get in touch about your Online Retail shopping experiences. What did you buy in the midnight hour after a Big Night Out . That will be interesting we start with the price of oil and whether that goes up or down will be decided later at a meeting of the worlds top producers. Opec the organisation of the Petroleum Exporting countries is led by saudi arabia, with other major producers including iraq, iran and nigeria. Theyre being joined by non opec members inclduing russia and are expected to announce a deal later to t