rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a widely
russia. putin was not in the kremlin at the time and ukraine strongly denies any involvement. a short time ago attacks on ukrainian cities including odesa, kerrherson and a kyiv. one of the drones shot down have the words for the kremlin and for moscow written on them. nic robertson is live for us. what have we learned? reporter: president zelenskyy has set absolutely we do into the attack putin, we do not attack moscow, we defend our own villages, we re struggling with ammunition, so flat out denial coming from ukrainians. overnight of course concerns how would moscow respond to what essentially appears to be completely trumped up allegation that they tried to assassinate president putin. according to one ukrainian official, biggest flight of uav attack drones and missiles that they have seen so far this year, all of them shot down, debris falling in the city. and in the south odesa 15 attack drones fired or sent to that region. 12 of them shot down. three of them landing
meanwhile on capitol hill this morning there s far more pressure on lawmakers and the white house to reach a deal on the debt ceiling following a new urge want warning from the treasury department. and hollywood writers are on strike for the first time in 15 years putting production for movies and tv shows on hold. good morning and welcome to way too early on this tuesday, may 2nd. i m jonathan lemire. thanks for starting your day with us. we ll begin with the latest in that deadly mass shooting in texas. there are now questions about the response by law enforcement after a family member who survived the shooting says that he repeatedly called 911. the family says they called 911 well before the shooting started after their neighbor refused to stop firing a gun near their house and then threatened them. about 15 minutes later they say the gunman went into the house with an ar-15 rifle and opened fire on the people inside. ramiro guzman told nbc news he was hiding in a clo
a building on a unholy alliance and mark warner on what he sees as a growing threat from china period. welcome, everybody. i m neil cavuto. let s get to it with peter doocy at the white house on how they re digesting all of this. peter? officials are saying this putin and xi get-together is a marriage of convenience. xi thinks that putin can help him challenge american influence. putin thinks that xi can help him in ukraine. for putin, he s speaking about his chinese visitor in glowing terms. over the last years, china has made a huge leap forward in its development. in the whole world, it s a genuine interest and we re jealous a bit. the way that the president s foreign policy when it comes to this is being explained to us, there s no effort to try to contain chinese influence in the world. instead, they would rather try to promote america s interests. do you think that putin and xi fear president biden? you d have to ask them whether they fear or they not. it s no
a.m. out we i m lipid see riser at msnbc headquarters in new york heightened anticipation as we watch for a potentially unprecedented decision from a new york grand jury about whether to indict trump. his former fixer, michael cohen, could head back to the grand jury today as a rebuttal witness. that s because they re about to hear from a different unexpected witness today, robert costello, michael cohen s former legal adviser. looming over the decision, the former president s statement over the weekend that he expects to be arrested tomorrow. with uncertainly swirling, prominent republicans including the speaker of the house are coming to his defense. it doesn t matter what side of the issue you re on it doesn t matter if this was president trump or if this was a democrat there should be equal justice in america, and stop going after people because you have political differences. also this hour, a high-stakes meeting in moscow between chinese leader xi jinping and russia