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
X and tiktok. Thank you so much for joining me today. First of all, was going on a short hiatus. Im taking two weeks off to go enjoy the warmth of other suns. Ill see you back here saturday, october 5th. Smerconish is up next they or wont day im Michael Smerconish in new York City today, ballots are now being cast in alabama, were 52 days away from the final day of voting. But whether there will be another debate remains in doubt. Tuesday night in philadelphia ended with a nearly unanimous decision, but no Knockout Blow before it began, i said Donald Trump needed to exhibit discipline and Kamala Harris needed to show depth she met her mark. He missed his. I locked in my own assessment of the debate Via X just prior to delivery of closing statements before i might be swayed by anybody elses spin. Among my points, that trumps claims about migrants eating pets and abortions being performed at nine months would be a fact checkers dream, but not decisive. I wrote this, she won the debate bu
The United States has threatened to impose sanctions on myanmar, following a Military Coup in the country. President biden has urged an International Response to the power grab, and called it a direct assault on democracy. Those detained include the head of the largest party, Aung San Suu Kyi, and other memebers of the civilain leadership. Troops are on the streets of the capital, naypyidaw, and the biggest city, yangon and a curfew has been put in place. Our special correspondent, fergal keane reports. An army reverting to autocratic type, swiftly and ruthlessly deposing a democratically elected leader. Somewhere behind the guns, Aung San Suu Kyi is once more a prisoner of the generals. And even if people never trusted the military, theyre still shocked at whats happened. Translation the army assaulted i people as it carried out a coup i on the civilian government elected by our people. Our country is just a Bird Learning to fly. Now the army has broken our wings. Translation | am | s
Good evening, and welcome to ayman. Tonight, the Supreme Court says it will drop a decision in the morning speculated to be colorados 14th amendment case. As the court agrees to hear trump some unity claim, and polls just closed in the d. C. Republican primary. Did we mention it is almost Super Tuesday . Plus, the Vice President calls for an immediate sixweek cease fire as u. S. Diplomatic failure arrived by sky in gaza. And, facing the facts. At what Point Will James Comer and House Republicans finally give up their Big Dreams Of Impeaching joe biden . Im ayman mohyeldin. Lets do it. All right. So, as mentioned, we at any moment. And we will, of course, let you know when that happens, and what it actually means for the race. But we must begin tonight. With the high drama surrounding the nations highest court. Today, and an extremely unusual announcement, the Supreme Court stated that it will issue at least one decision on monday. What we do not know which case it will be, it is strong