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
Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just 48 days before the president ial election. Big day. Joining us now, nbc News Business and data reporter, brian cheung, national Affairs Correspondent with the nation John Nichols, and director of polling at the Harvard Kennedy Institute of politics and msnbc political contributor, John Della volpe. Nbc Business Correspondent Christine romans will be here in just a second. Brian, i shall begin with you, explain what We Saw, and also tell me what he said in his news conference. Yeah, and its stil
In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including one child. Israel is saying nothing about these extraordinary attacks. Frankly, it s hard to think of anyone else remotely capable of mounting such a sophisticated operation. But it comes at a time when the government is threatening to step up its military effort against hezbollah. Israel s border with lebanon has been volatile ever since the war in gaza began exchanges of fire every day between israel and hezbollah. Tens of thousands of civilians on both sides have been forced to flee. Kiryat shmona has been hit several time
Message to both israel and to other parties that they need to do everything they can to try to reach a diplomatic resolution. Hezbollah is an armed group backed by iran. And this explosion comes at a time of heightened tension between hezbollah and israel. We know the group had been advising its members to use pagers because of concerns israel could tamper with or access mobile phones. Here s more on today s events from paul adams. And a warning that it starts with some upsetting images. This was a devastating attack. . . . . In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including o
A warning, his report contains distressing images from the start. This was a devastating attack. In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including one child. Israel is saying nothing about these extraordinary attacks. Frankly, its hard to think of anyone else remotely capable of mounting such a sophisticated operation. But it comes at a time when the government is threatening to step up its Military Effort against hezbollah. Israels border with lebanon has been volatile ever since the war In Gaza began exchanges of fire every day between Israel And Hezbollah. Tens of thousands