Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger than many expected with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede
Threetoone, threetoone today, a cnn special event, the abc News President ial debate, tuesday at nine on Cnn Welcome to all you watching us here in the United States, canada, and around the world im Kim Brunhuber. This is cnn Newsroom Starliner is back home, but without any astronauts on board while details on the capsules long awaited return to earth. Birth and what happens now american voters will soon head to the polls, not knowing whether the republican president ial nominee will be sentenced to prison time. Details on that busy day of legal developments for Donald Trump an alleged school shooter, and his father both appeared in court. The latest on the killings that have brought yet another us community live from atlanta. This is Cnn Newsroom with Kim Brunhuber after troubled flight to the international Space Station, Boeings Starliner has arrived safely back on earth with no crew onboard touchdown. Starliner is back on earth. That landing coming at 11 01 and 35 seconds central ti
Epidemic of Violent Crime in america. His focus, overwhelmingly and as expected is on guns. If White House Correspondent peter doocy starts us off from the north lawn, good evening. A few minutes ago, the president said he never gives up hope that congress could someday pass on Assault Weapons Ban but in the meantime he thinks there are more common sense measures that can be taken to protect crimeridden cities making the same joke twice. He doesnt think anybody needs a gun with 100 rounds of ammo unless they think a deer is wearing kevlar. We arent changing the constitution, we are enforcing it. Speak of the headlines of the president s multipoint plan are arrest firearms dealers, help former prisoners reenter the community and expandable limit opportunities for young adults. Help make sure the young people pick up a paycheck instead of criminal. Critics argue criminals are emboldened by softer sentencing standards and bail reform. The biden plan will not address the rise in murder and
Epidemic of Violent Crime in america. His focus, overwhelmingly and as expected is on guns. If White House Correspondent peter doocy starts us off from the north lawn, good evening. A few minutes ago, the president said he never gives up hope that congress could someday pass on Assault Weapons Ban but in the meantime he thinks there are more common sense measures that can be taken to protect crimeridden cities making the same joke twice. He doesnt think anybody needs a gun with 100 rounds of ammo unless they think a deer is wearing kevlar. We arent changing the constitution, we are enforcing it. Speak of the headlines of the president s multipoint plan are arrest firearms dealers, help former prisoners reenter the community and expandable limit opportunities for young adults. Help make sure the young people pick up a paycheck instead of criminal. Critics argue criminals are emboldened by softer sentencing standards and bail reform. The biden plan will not address the rise in murder and
The Historic Town of lahaina, popular with tourists, laid to waste. Officials now saying at least 36 people have been killed, an untold number missing. Bodies washing up after people jumped into the ocean to escape the flames. Thousands forced to evacuate. Chaos at the airport as tourists race to escape. President biden declaring a major disaster. Our team in the Fire Zone Tonight in maui. Also tonight, the deal to release Five Americans detained in iran. Its part of a prisoner swap. Who or what is the u. S. Giving up in return . New video of that deadly fbi raid in utah. Agents outside the home of man who allegedly threatened to kill President Biden. Then suddenly a loud bang. Tonight the role Donald Trumps Social Media Platform played in alerting the fbi. The shocking assassination caught on camera in ecuador. The president ial candidate leaving a Campaign Event when the fatal shots are fired. And launching into history. The civilian astronauts on their aweinspiring ride aboard Virgi