helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re acceleration in the interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 mark f
caused mass power outages and mudslides. oh, my gosh. it was like thunder. norah: the cbs evening news starts now. good evening, and thank you for being with us here on this monday night. we ll have more in just a moment on that state of emergency in california and the powerful storm out west that has turned deadly. but we want to begin with the surprising news from the royal family. britain s king charles iii announcing he has cancer and is already starting treatment. just last week, the 75-year-old monarch underwent treatment for an enlarged prostate. that procedure led to this separate discovery. the palace s statement said the king is revealing his diagnosis to raise awareness for those impacted by cancer. but there are still so many big questions tonight about what type of cancer and how advanced it is. today the president of the united states, campaigning in las vgas, said he is concerned about king charles diagnosis and hopes to speak with him soon. cbs s ch
continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better than expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism because of strong earnings? it optimism because of strong earnings? optimism because of strong earninus? . , ., . earnings? it reflects rate cut exnectations earnings? it reflects rate cut expectations undergoing - earnings? it reflects rate cut l expectations undergoing belief that the us can have a soft landing, when you look at earnings growth, actually earnings growth, actually earnings growth
anniversary. live from our studio in singapore, - anniversary. live from our studio in singapore, this. anniversary. live from our| studio in singapore, this is bbc news. it s newsday. the us says there will be more attacks against houthi forces in yemen after overnight american and uk air strikes, which hit more than 30 positions. the houthis, who are backed by iran, have been targetting vessels in the red sea since november. they say this is in support of the palestinians in gaza. they are one of several militias in the middle east with iranian backing. the us targeted others in syria and iraq earlier this weekend, and there have been funerals today in baghdad after 17 people were killed. our international editor jeremy bowen considers whether there is any chance of a cessation of the conflict at the heart of all this between israel and hamas in gaza. raf jets rafjets took off from the british base in cyprus bought the long flights to hit houthi targets in yemen. other west
good evening and thank you for being with us here on this monday night. we will have more in just a moment on that state of emergency in california and the powerful storm out west that is turned deadly. we want to begin with the surprising news from the royal family. britain s king charles iii announcing he has cancer. and it s already starting treatment. just last week the 75-year-old monarch underwent treatment for an enlarged, that procedure led to the separate discovery. the palaces statement says that the king is raising awareness for those impacted by cancer, but there are still so many big questions tonight about what type of cancer and how advanced it is. today the president of the united states campaigning in las vegas said he s concerned about king charles diagnosis and hopes to speak with him soon. cbs s charlie d agata is outside buckingham palace tonight. good evening, so how is king charles doing tonight? reporter: good evening to you, norah. the palace is ki