Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th
Member from Jd Vances campaign did fact check the statement about ohio before it sparked the controversy. And are sean combs days as a free Man Over . His last Ditch Effort to get out of prison while he waits trial on charges that could put him behind bars the rest of his life. We begin with the Chaos And Confusion inside lebanon right now where for a second straight day more devices are exploing across the country including walkietalkies more than nine people are dead and 300 injured from the latest blast. Yesterday electronic devices used by the members of hezbollah exploded across lebanon killing at least 12 people and injuring up to 2,800. Two u. S. Officials confirm to Nbc News that israel was behind the attack. The new york times is sharing new details on yesterdays highly sophisticated Attack Reporting that israel planted, quote, small amounts of explosives in beepers that hezbollah ordered from a company based in taiwan. According to american and other officials briefed on the
Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just 48 days before the president ial election. Big day. Joining us now, nbc News Business and data reporter, brian cheung, national Affairs Correspondent with the nation John Nichols, and director of polling at the Harvard Kennedy Institute of politics and msnbc political contributor, John Della volpe. Nbc Business Correspondent Christine romans will be here in just a second. Brian, i shall begin with you, explain what We Saw, and also tell me what he said in his news conference. Yeah, and its stil
Just part of her new warning about project 2025 and a trump second term immigration crackdown. Imagine what that would look like and what that would be. Harris using her platform to urge people to imagine and reckon with this Plan Trump immigration policy, as trump publicly vowed harsher and more violent crackdowns next year in we wins. Im going to play you the full statement here and some other big things that harris has been saying. But before i play that, lets be clear, the factual context and reporting matters. Harris is citing Donald Trumps past policies including how they sometimes illegally and often harshly targeted immigrants and their families and sometimes their children. And so, again, before i play harris for you, with regard to that history, Big Picture top line, i could tell you, Fact Check and true. And many americans may want to forget what it was like back then. But its important to confront that recent history and know and see these facts as the context for Harriss W
Pandemic may not fix america s housir the interest rates come to see the interest rates come back down. To see the interest rates come back down to see the interest rates come back down. ~ g. ,. , back down. When jerome powell visited this back down. When jerome powell visited this market, back down. When jerome powell visited this market, the visited this market, the federal reserve was watching closely to see if it s big interest rate hikes really were calling information, even though it was tough and small businesses. That s about to mr powell and his change. Mr powell and his change. Mr powell and his colleagues are set to interest colleagues are set to interest rates. In york, the arrival of rates. In york, the arrival of autumn marks a change. After autumn marks a change. After raising interest rates 11 raising interest rates 11 times, america s central bank times, america s central bank is all but certain to unwind is all but certain to unwind fat, but how quickly they go f