Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
after joe manchin and senate majority leader chuck schumer reach a deal on a reconciliation package. multiple police used to transport oil light would have racked up multiple traffic tickets despite her advocacy for stricter speed hammers in the city. para cold case homicide cases in california have alluded to 34 decades, now solved thanks to advances in dna technology. but first, the federal reserve raising its key interest rate by three quarters of a percentage point to its highest level since 2018. could even, david. the fed chairman believes interest rates once again well, inflation and fears from wall street to main street. up for months, americans have been struggling with record inflation back on wednesday, the federal reserve once again raised interest rates by 75-point. jerome powell s comment, head of the critical gdp report out thursday that will show whether the economy is growing or in a slow done. the biden administration does not believe the u.s. is in a re
threaten the world s security and prosperity, in an exclusive interview with the bbc. we start in the us where, as you ve been hearing, president biden has been giving his first televised address since taking office. before that though, he signed a record breaking $1.9 trillion economic rescue package for the us into law, after it passed its final vote in congress on wednesday. the first direct payments of $1,400, which will benefit most americans, are expected to start arriving over the weekend. there s also bailout money for state and local governments and an increase in child and unemployment benefit, as welll as more funding for vaccination. the plan was unanimously opposed by house republicans, critics say it goes way beyond what s needed to tackle the pandemic fallout, and risks stoking inflation. so what are the long term implications? ed stringham is economics professor at trinity college in hartford, connecticut, and president of american institute for economic resea
hello, i m christian fraser in london. laura trevelyan is in new york. the queen has expressed her concerns over race allegations made by the duke and duchess of sussex. the world has been waiting for some response since the interview with oprah winfrey first aired on sunday. it is a short statement, and in it the royalfamily said they were saddened to learn exactly how challenging the couple had found life as working royals. it doesn t address all the allegations that were made. far from it. but it does point to the most damaging claim made by the duchess, the issues raised, particularly that of race, are concerning, says the statement. it goes on to say that while some recollections may vary, it adds, they are taken very seriously and will be addressed by the family privately. it concludes with the message that harry, meghan and archie will always be much loved family members. our royal correspondent nicholas witchell is with us. as we say it is a short statement,
more semiconductor chips in the united states to help with the national shortage. the house will vote on this bill tomorrow before it goes to the president. form on the economy, white house officials deny the president s $1.9 trillion american rescue plan contributed to inflation, insisting their plan is better than what republicans have to offer. we have a strong labor market, we have business investing, we have consumers that are also very much investing and purchasing. that is incredibly important. had a new development on capitol hill just hours ago after months of negotiating, west virginia democrat senator joe manchin says he s reach an agreement with majority leader chuck schumer on a reconciliation bill aimed at reducing inflation. the bill would provide hundreds of billions of dollars towards energy and security and climate change programs. both senators say it will be fully paid for by raising the corporate tax on big companies?