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
Send you a freedom prebooked to answer questions you may have call now and well come to you 800 a31, 3,700 tonight on 360 new polls from Battleground States have some good news for Kamala Harris, but Bad News is the teamsters declined to endorse her or any candidate for president also, another giant by a Trump Surrogate had harris for not having biological children. What trump is saying about Sarah Huckabee Sanders Remarks at a Town Hall and a day after hundreds of hezbollah pagers exploded with devastating consequences across lebanon now, its Walkie Talkies being targeted as well. And the Death Toll is rising good evening. Thanks very much for joining us. Take a look. The live feed from uniondale on New Yorks Long Island, where the former president is holding his first rally since sundays apparent attempt on his life now, New York is not expected to be in play this election, despite trumps recent claims that it could be the former president moments ago, blasted the Harris Campaign for
And Neck President ial race. And womens reproductive rights issue, i think is really important. Foreign policy, border, southern border. Thats probably the biggest thing to me battleground wisconsin, well talk to the states former Lieutenant Governor about the keys to victory with pivotal Badger State and vowing a visit. Trump promises a trip to springfield, ohio after those debunked Pet Eating place a. M. In washington. A live look at Capitol Hill on this thursday morning. Good morning, everyone. Im Kasie Hunt. Its wonderful to have you with us. There are just 47 days until november 5, Election Day Inperson Early Voting begins tomorrow in virginia, south dakota, and minnesota a new Quinnipiac Poll finding that Kamala Harris now leads Donald Trump by five points among likely voters in both Michigan And Pennsylvania there is no clear leader shown in their poll in wisconsin where harris is ahead by just one point, that poll comes on the same day that the influential Teamsters Union annou
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