I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring in steven schoenfeld, ceo of financial Data Provider marketvectors here in New York. We see equities rallying today.
Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Thanks for joining us. The news continues now here on cnn and the fed makes a Jumbo Rate Cuts what it means for you and the global economy are now just 47 days away from the us president ial election. You polling is giving us greater insight into which way voters or leaning in three critical battleground states, according to a set of postdebate Quinnipiac University polls democratic president ial nominee Kamala Harris is leading her republican rival, Donald Trump, among likely voters in Pennsylvania And Michigan her Onepoint Lead in wisconsin is within the margin of error on wednesday, both nominees sort to get their messages out. Harris was In Washington where she slammed trumps Immigration Proposals or trump criticized his democratic rival at a Campaign Rally in New York its time to stop the lives, stopped the hoaxes, stop the smears, stopped the lawfare, the fake lawsuits against me, add stopped claiming your opponents will turn america into a dictatorship. Give me a break. Because
A 6 Million cohen bonus. Make every day on winning Day Fact is that im not a threat to democracy. They are they have pledged to carry out the largest deportation in American History. Hows that going to happen . Massive rates. What are they talking about nearly . Two dozen people were killed in these attacks. Hezbollah now vowing retaliation, certainly feeling very vulnerable and also certainly feeling embarrassed same for a child creates instability. Its kind of like a recipe for Disaster Cnn Newsroom with Max Foster and christina macfarlane hello, a warm welcome to our viewers joining us from the u. S. And Around The World. Im Max Foster. Its thursday, september the 19th, 9 00 a. M. Here in london, 4 00 a. M. In washington just 47 days until the u. S. Presidential election. Now, new polling is giving us a greater insight into which way voters and leaning in three critical Battleground States according to a set of postdebate, Quinnipiac University polls democratic president ial nominee
8085920400 Hezbollahs Leader responding to the israel coordinated attack that killed dozens of people and wounded thousands more by Detonating Pagers and walkietalkies hassan nasrallah, the head of hezbollah saying, quote crossed all red lines that thats what the attack did. The militant group now launching new strikes on Northern Israel . And americans spending trillions on Health Care more than any other high income country. But what do we have to show for it . A new report says, americans are sicker they die younger and struggled to afford essential Health Care. A harsh indictment of our medical system at what happens when your Fantasy Football Chat goes forward . Youre wrong. And what case It Led to Bomb Threats and international investigation, and federal charges were following these major developing stories and many more all coming in, right . And here to Cnn News central we begin this hour in the Middle East and this just into cnn has bla says, it has now launched at least 17 at