Im sally bundock. We start here in the uk, where the Chancellor Rachel reeves will pledge A Budget To Rebuild Britain in her speech to the Labour Party Conference in liverpool today. Shes under pressure to provide some optimism after labours gloomy messaging on the state of the economy they inherited from the conservatives. But her controversial decision to Axe Winter Fuel payments for 10 Million pensioners threatens to overshadow her speech, with a vote challenging the move also expected today. Lets get more now from joe nellis, whos economic adviser to mha a Uk Accounting Firm And Professor of Global Economy at cranfield university. Good morning. There good morning. There was good morning. There was a good morning. There was a lot good morning. There was a lot of pressure on Rachel Reeves to change the music, to be more optimistic, what do you think . I think she will struggle to change the mood music. We are in a difficult position, the economy has been flatlining for the last coupl
Declaration of war. In a televised address, has run as well as that israel crossed allred lines after 37 people were killed and thousands injured in the surprise attacks across lebanon on tuesday and wednesday. He vowed to the people who had evacuated their homes in northern israel amid exchanges of fire would not be able to return unless israel ends its attacks on gaza. As nizzolo was speaking, israel s military confirmed its fighter jets launched fresh strikes, hitting more than 100 hezbollah rocket launchers in southern lebanon. He said some of the launchers were ready to be fired. Peace talks are being held in paris with the french president emmanuel macron saying a diplomatic path exists in lebanon. In a message to the lebanese people, he said, no regional adventure or private interest, no loyalty to a cause merited triggering a conflict. Antony blinken travelled to the french capitol, saying that all parties need to de escalate. France and the united states are united in calling
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.
Is to get a Ceasefire Deal in gaza before he leaves office. Something like this is going to make it far harder to achieve that because israel is currently braced for some kind of retaliation and they will be some form from hezbollah. Iran has said we still have a score to settle with you because he was the assassination of his Mouth And Ear the leader of the political wing of hamas right in the heart of tehran at an iranian government guesthouse. That is so humiliating for iran. They feel they have a score to settle. So the region is pretty three royal, volatile, tense and i dont think theres any desire by either Hezbollah Or Israel or iran to go to a full Scale War. Its damaging for everybody and you have the Gulf States who are trying to calm everybody down and trying to look a Peace Deal. Unfortunately, the two sides in gaza, hamas and the israeli government, are still too far apart. Israeli government, are still too far apart. Interesting what ou are too far apart. Interesting what