And the secret service and Marshals Service requested our assistance in clearing the house. The fairfield s. W. A. T. Team arrived and evacuated the neighborhood. We also call the our Crisis Negotiations Team to attempt to call people out. We did not receive any response. Police also ordered people out of the house over a bullhorn. Come through the front door with your hands up. When that did not work, they fired tear gas. At one point, we saw a man and woman cannot together and placed in handcuffs but others came out at different times, all needed water to wash with the teargas effects but police say it is unclear if any of those who came out of the house are being charged with any crimes. We have had about 9 or 10 people come out of the house. All of those people are detained and being questioned by the secret service and the Marshals Service. 4 the investigation is continuing and neighbors are allowed back into their home and glad that this all ended peacefully. Julie . I know, rob,
Beneficial impact on the u. S. Market. Reporting good results. Reportinghomburger good results. Iance data systems the worst performer on the s p 500. Fed vicechairman Richard Clarida and John Williams reinforcing that the central bank could cut Interest Rates by as much as 0. 5 later this month. Esther, what did you and commerzbank make of the comments from the u. S. Federal reserve federal president this last time for hours . Did it make a difference to Market Pricing and what you believe . Esther while we sought Interest Rate expectations to decline further, we do not think it make a fundamental change. The fed has already indicated they intend to cap Interest Rates at their july meeting. The big question for the u. S. Market, will they continue to cut after the july meeting, or is it just a preemptive cut . To this extent, it did not give more insight. Act indicated they want to early, but whether there are further steps coming is unclear. Perhaps the more Immediate Impact on marke
Chairman of the fed was asked does the fed need to cut rates with the economy as it is and he set you do not need to wait until things get so bad to have a dramatic series of rate cuts. Markets took that as a pledge they would do more, maybe shock and all. The new york fed had to walk it back and say we are not talking about the end of july yet. David please stay with us and we can talk about whether we need the rate cuts. In the meantime lets go to anna in wanting to in washington. We have a deal yet on the debt ceiling . Anna we are getting close but we are not there yet. There is a Firm Deadline of when the house is expected to begin its august recess. Mnuchinlosi and steve are trying to talk about not really the debt limit part, but everyone agrees they need to raise the debt limit. Leaders also want to attach an agreement on budget caps. They need to lift the budget caps that would impose these dramatic cuts and those are the details theyre trying to work out. Last night we got an
Video showing the widespread destruction on the island of maui after a fast moving wildfire tore right through the Historic Town of lahaina. At least six people are dead and hundreds of homes and other buildings destroyed. We have two cars, two suitcases, and our lives. So thats devastation and heartbreak after a firestorm destroys communities, homes and businesses. Good evening, everyone. Im mike mibach and im Heather Holmes local and federal officials now assessing the damage. One pilot says he had tears in his eyes as he flew over the destruction. The church all the places that are tourist areas that are hawaiian history are gone and that cant be replaced. You know, you cant read, you cant refurbish a building that is just ashes. Now, you know, it cant be rebuilt. Its lost forever. Video shows the town of lahaina nearly flattened with piles of rubble all along the waterfront. Officials say at their latest count, at least 271 buildings are damaged or destroyed. Lets go now to ctvs Ja
Does happen, if youve got a £200,000 mortgage on a 25 year repayment term , thats going to repayment term, thats going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point Interest Rate rise, if indeed thatis Interest Rate rise, if indeed that is what happens. Yeah. And of course, the other thing is that theyre going to give indication going to give an indication their as where they see their forecast as where they see things going and whether well have rates. It is have more Interest Rates. It is 5. 25. Just getting out 5. 25. Were just getting out through 5. 25, up another quarter of a as expected for many economists , thats really economists, thats really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5. 5, given that inflation in the uk is unusually high. Were at 7.