Find it at walmart wednesday, september 18, right now On Cnn this morning do a half a point when they do a quarter of a point of consequential cut today, the fed expected to cut Interest Rates what that could mean . In for you plus a coordinated attack, hundreds of Pagers Exploding nearly simultaneously in Lebanon Stoking fears of a wider war yes this is exhausting and its harmful and its hateful denouncing harsh rhetoric. Kamala harris taking on Donald Trump with a message about who she thinks deserves to stand behind the seal of the presidency. Im later disturbing allegations and laura details. Sean Diddy Combs, accused of Sex Trafficking, forced labor, and kidnapping. A new indictment detailing crimes dating back 16 years right. 5 00 a. M. Here on the East Coast to live look at Capitol Hill on this morning. Good morning, everyone. Im kasie hunt. Its wonderful to have you with us later today. A major announcement expected that could have a big impact on the economy less than seven weeks out from election day, the federal reserve widely expected to announce theyre cutting the benchmark Lending Rate after keeping it at a 23 year high for more than a year heres What Fed Chairman jerome powell. Jerome powells announcement could mean would mean for americans borrowing would get cheaper ideally, that leads to more Business Investment resulting in companies hiring more and selling more. Probably because consumers would feel more inclined to spend money with these expected lower rates this could be just the first of many cuts to come, but the move already expected and is already being politicized. Donald trump trying to get ahead of this big announcement. Hes claiming the cuts are needed because of the Bidenharris Administration the economy is now not good and Interest Rates youll see, theyll do the Rate Cut and all the political stuff tomorrow, i think. And will he do a half a point . Will they do a quarter of a point . But the reason is because the economys not good otherwise you wouldnt be able to do it Vice President harris naturally doesnt see it that way, maintaining the biden administration inherited an economy in free fall from Donald Trump and that theyre still working to repair it as of today, we have created over 16 Million new jobs, over 800,000 new Manufacturing Jobs we have the lowest black Unemployment Rate in generations we have invested in small businesses is the price of groceries still too high . Yes do we have more work to do . Yes. All. Right lets bring in john smile, fed, and Economics Correspondent for the New York Times. Good morning to you, jeanna. Thank you so much for being here. Really appreciate it. Lets cut through all this year. The Question Today seems to be not whether the fed is going to cut rates, but by how much and the reason for that seems to be because they may have waited too long and left Interest Rates too high for too long. What is the thinking here and what impact does it have for people so i think the fed is facing a set of tradeoffs here anytime that you work in commute, right . Interest rates, theyre sort of two things. Youre thinking about. One is, are you bringing inflation under control . The fed raised Interest Rates in the first place to control prices by slowing down demand in the economy. And the second is, are you slowing the Job Market . High Interest Rates have a Side Effect in that but is that they cool the Job Market off overtime. I think the question is, is the fed worried enough about the recent slowdown in the Job Market to really go bag and cut by half a Percentage Point Today or are they going to take takes more muted step, cut by a Quarter Point and a signal that theres more to come in the future those are the two options available to them. I think its going to be tricky option or a tricky needle for them to thread today because if you go by a Quarter Point, if you do just a little move, theres a risk that you signal that youre not really alert to how quickly the Job Market is slowing. But if you do that halfpoint cut, theres a risk that you signaled that youre nervous that things are falling apart and so i think that there are two big risks. Theyre trying to walk a middle ground between them yeah and the politics of this are pretty complicated. We saw a Letter Up from Senators Led by senator elizabeth warren, who many people are familiar with is often tries to take the, proconsumer stand on these kinds of issues and they say that if the fed is too cautious, they wrote this letter in cutting rates, it would needlessly risk our Economy Heading toward a recession. Theyre actually arguing in this letter for 7. 75, not threequarters of a point Rate Cut. That seems clear. It seems clear that thats not going to happen. But again, this seems to be about jobs and whether the Unemployment Rate is going to get too high yeah you. Know, there are reasons to worry that the Unemployment Rate is going to get two pi. Weve seen Unemployment Move up to 4. 2 over the course of the past year. Thats up from 3. 4 . So its a pretty dramatic increase over a relatively short period of time that said 4. 2 . Its still pretty low by historical standards. And over for all the Economy Looks like its returning to something that pure sort of roughly in line with the Normal Weaver used to before the pandemic rather than falling pieces. And so i think thats the challenge for the fed. They have to look at this Job Market and fake, out is this return to normal . Or is this a slowdown that we need to be concerned with . And i think those call for two very different Policy Prescriptions and thats sort of the tricky balance that theyre trying to strike at the moment. Jeanna, there seems to be this perception that if Donald Trump gets reelected, the Rate Environment would be much different than if say democrats Kamala Harris were to keep the democratic hold on the White House. Do you buy that . So i think i think that its possible that that is true, but probably not in the direction most people think the federal reserve is independent of the White House. They do not set policy based on what the president wants. It does not matter what the president is telling them. They do not have to listen. Donald trump is promising to drastically cut Interest Rates but that is not actually a power within his toolbox. He doesnt have that capability any. Hell usually couch it in this idea that hes going to drive inflation down because hes going to cause so much its drilling so much oil production. Ive talked to a lot of Oil Economist about this. They tell me that its just Cant Push Oil prices down like that. It doesnt work. The math doesnt work. Oil companies wouldnt produce the levels that hes, hes promising that first lincoln and that chain doesnt work. And in fact, most economists will tell you that a lot of the other policies mr. Trump is suggesting would potentially push Inflation Up and so if we had a situation under mr. Trump, were inflation was rising, you could actually see a world with higher Interest Rates under his watch. Really interesting are Jeanna Smialek for us this morning. Thank you so much for starting us off. I really appreciate it. All right coming, up here On Cnn this morning, Donald Trump back on the Campaign Trail only consequential president s get shot at when i say so, former president seemingly unfazed after that second apparent attempt on his life. Plus the bombs in deeper exploding in the pockets of Health Paula members. How israel pulled off this Attack And Air 15s drugs, more than 1,000 bottles of additional Lubricant Attorney hes lay out the indictment, i guess Music Mogul, Sean Diddy combs a year ago sean combs stood in Times Square and was handed a key to new York City today, hes been indicted and will face justice in the southern district of new York Reaction to the Birth Mono want to, so it was overwhelming. 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A highly coordinated wave of explosions targeting pagers on the hips of hezbollah militants, shocking lebanon. And once again, further concerns of a wider war in the region. We want to warn you the footage youre about to see. Maybe disturbing that yesterdays explosions were part of a joint operation between israels thats intelligence service, and the israeli military. The New York Times reporting the blast happened almost simultaneously, at least nine people are dead, including an 8yearold girl, more than two facts i wasnt injured hezbollah, which the u. S considers a foreign Terrorist Organization has vowed to respond to the attack and some people in lebanon calling for swift retaliation this is an earthquake that must be met with response from the resistance. A decisive destructive, and shattering response even if it leads to war. The on it has to escalate. Thats how the situation seems i dont know Action And Reaction no one really knows honestly i tried to me now cnn international Anchor Max Foster with more on this max, good morning to you. What a remarkable events what is the latest youre what we know about how the israelis pulled this off well, there was a fattree is a time when Hes Company that made these pages and they had a factory in hungary, as we understand it, we dont know where the devices were tampered with and from what we know, they needed to have been tampered with because what, our sources are saying is an explosive had been put into these pages, which would have required a switch as well, which could have been set off remotely were not quite sure exactly how that would work. But there were initial reports that this was just a case of overheating the Bat Cheese and getting them to explode. But now we understand there was actually hes explosives within the pagers they must have got there somehow either via mossad or the Defense Ministry or some sort of system that they had in place. But we dont know it happened, whether it was in the factory on the way to the factory. Thats what people are investigating at the moment, but its early days, but a really sophisticated operation and deadly as weve seen deadly indeed. And max, there, this was what our nick Paton Walsh wrote about this. He says that the timing is telling on monday, the israeli Defense Minister Yoav gallant said during a meeting that the time for diplomacy