At an annual rate of 3. 4 in april, down from 3. 5 in march. It doesnt sound much of a drop, but it was the first time this year that inflation has fallen as expected, suggesting the fed could finally be winning the battle against soaring prices. Heres erin delmore in new york. A banner day on wall street with all three major indexes closing at record highs. Thats right the dow, the s p 500 and the nasdaq all hit their highest levels ever. The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly in april than wed seen in the first three months of the year. Fed Chairjerome Powell had said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the Interest Rates will be cut sooner rather than later. Now more investors expect the fed to make its first rate
Process closed at midday. The party was like secretary then confirmed Thatjohn Swinney is the party leader. Mr swinney has also posted on social media, saying he feels deeply honoured to be elected leader of the party, adding that he will give his all to serve the party and scotland. Of course with mr swinney being unopposed in this context, it means the snp has avoided extending the uncertainty at the top of scottish politics. Had there been another contender in this contest, it would have meant a Leadership Battle going on for the next three weeks, untiljuly 27. There had been talk of a late bid over the weekend. Activist Graeme Mccormick has said that he had gathered enough support to enter the contest. But in a statement late last night, he announced he decided not to run after having a conversation with john swinney. They had agreed on a number of topics and issues, he said he was going to Supportjohn Swinney instead. It he was going to support john swinney instead. , ,. , instead
Looking a lot drier, and we remain in the warm conditions. I will have all the details later in the programme. Its monday the 9th of october. Good morning. More than 1,000 people have now been killed in israel and gaza after a Massive Attack by hamas militants that began at dawn on saturday. There are reports that israel has struck more than 500 targets in gaza overnight, my more than 125,000 palestinians i displace. President biden has ordered extra military assistance for the israelis, promising them rock solid and unwavering support. Israeli troops are still hunting down insurgents after one of the bloodiest attacks. 0ne down insurgents after one of the bloodiest attacks. One of the worlds most advanced military is taken by surprise by hamas, a military group kept behind barriers that were supposed to stop this happening. Their attack as brutal as it was brazen. Hundreds killed. For israel that has included scores of unarmed civilians as well as soldiers. Already the largest loss of
Soon as we get them. Meanwhile Palestinian Civilians have started leaving parts of Eastern Rafah in gaza, after israel told A Hundred Thousand people there to leave the area. Officials in gaza say israeli air strikes have targeted parts of rafah, just hours after the Evacuation Order was issued. Pictures weve received show thick smoke rising as displaced palestinians try to flee Eastern Rafah. Those Palestinian Civilians closest to the Israeli Border are being urged to move to what the Israeli Military calls expanded humanitarian zones in the al mawasi and khan younis areas. Back to the live pictures of people in the centre of gaza getting the news that it looks like hamas, who have confirmed that the have accepted the cease fire proposals, no confirmation of that from israel. Lets speak to our security correspondent, Frank Gardner who is in jerusalem. Hamas saying they have accepted the cease fire proposals, we dont know what israel thinks about it, but what israel thinks about it, b
the idf has confirmed that two russian women are now safely back russian women are now safely back in israel and others are also in the process of being transferred. the six day temporary truce is due to end in just a few hours. senior israeli government adviser mark regev told the bbc in the past hour that israel would agree to an extension as long as hamas continues releasing hostages. meanwhile, israel says it has carried out a raid on thejenin refugee camp in the occupied west bank, and killed two senior terrorists . the palestinian authority says two children were also killed by gunfire in jenin. my panel tonight to discuss all this is kezia dugdale, former leader of the scottish labour party now a professor at the university of glasgow and american journalist. leader of the scottish labour party now a professor at the university of glasgow and american journalist. and author brian stelter who is a special correspondent for vanity fair. we ll be speaking to them