Pricebased, run your game. Im Bill Weir on the California Coast and this is cnn closed captioning brought to you by mesobook. Com if you, or a Loved One have mesothelial not well send you a free book to answer questions you may have call now and well come to you 800 a31, 3,700 now, Sean Diddy combs is expected back in in court to appeal his Bail Denial. His attorneys trying to prevent him from spending another night in a Detention Centre that they described as having horrific conditions and after four long years, the fed makes an aggressive rate cut a milestone in its, in its fight against inflation. What this all means for everything from Credit Card Debt to the Housing Market and from exploding pagers to detonating Walkie Talkies, the Death Toll is climbing as a fresh wave of detonate a devices break out across lebanon were going to take you there live as we follow these major developing stories and many more all coming in right here to cnn News Central Hour Sean Diddy combs is going to be he asking for bail again from the judge overseeing his Racketeering And Sex trafficking case. Hes appealing a different judges Bail Denial yesterday forcing diddy to spend the night inside the same squalid jail that once held other famous defendants like r. Kelly and Ghislaine Maxwell Yesterday holmes pleaded not guilty to serious and salacious allegations that for years he forced women into Sex Parties with male prostitutes. And as part of a new bail proposal, his attorneys are offering to let more restrictions be placed on their client, including one that would bar most women from visiting the Music Magnate whose Net Worth forbes us estimates, estimates is it at least 400 Million . We have Cnn Correspondent Kara Scannell standing by outside the New York federal courthouse. Kara, what are you learning about the hearing happening minutes from now . Well, brianna, sean comes as attorneys arrived just a few moments ago heading up those stairs into the courthouse. And when this gets underway shortly, his lawyers are expected to argue again for combss released this, as you said, is going to be before the judge who will be the overseeing this trial yesterdays was before the Magistrate Judge she denied him bail in part because she said the crimes he alleged to have committed occurred Behind Closed Doors and she could think of no conditions that would satisfy her that they would not continue to happen Behind Closed Doors, that any monitoring and thats what you see in this proposed Bail Package today, combs is attorneys trying to address that one of the main things that hes proposing is home detention, a 50 Million bond, but also the restriction on any females visiting him. And that would be female those that are not the mother of his children or any relatives hes also proposing to have no visitors come to the home unless their caretakers, Family Members, or friends who are not coconspirators in this Racketeering Conspiracy also suggesting that you have weekly Drug Testing and that a Visitor Log the maintained at his homes and get it its a pretrial services at the end of every day, so they could check who is coming and going. The prosecutors are likely to oppose this. They strenuously opposed giving him any Valley Yesterday saying is a danger to the community based on the charges that hes facing their violent charges of sexual assault charges, but also because they say he has a cat, a cache of weapons in his home but they found when when the agents from the Homeland Security investigations searched his la and miami homes earlier this year and also because they say hes already reaching out to witnesses whove been subpoenaed by the Grand Jury and trying to influence their testimony, telling the Judge Yesterday that he was feeding certain witnesses a false narrative to tell investigators thats one of their key concern. Is that he would be obstructing this investigation, which the u. S. Attorneys that is active and ongoing. So this will all be unfolding shortly combs will be brought back into the courtroom. He will face the judge who will be over seeing this case and the lawyers will go back and forth, ultimately be up to the judge to decide whether he thinks there are any conditions that would assure that combs would return to future Court Appearances and that would not continue to as the prosecutors put it, obstruct this investigation will be in the hands of that, judge. Well see how it plays out shortly. Brianna. All right. Kara scannell, live for us in New York. Thank you. Boris. Were following some Breaking News and aggressive move by the federal reserve, cutting Interest Rates by half a Percentage Point Fed Chairman Jerome Powell spoke just moments ago, making it clear that in phage, inflation has improved enough that it can now take a back seat. And the fed will make the Jobs Market its first priority. Listen the Labour Market is actually in solid condition and our intention with our Policy Move Today is to keep it there. You can say that about the whole economy, the u. S. Economy is in good shape. Growing at a solid Pace Inflation is coming down. The Labour Market is in a strong pace. We want to keep it there. Thats what were doing Cnn Business Editor at large and host of quest means business. Richard quest is here to break it all down for us. Richard, what did you make of Pals Assessment of the economy and how the fed is now going to handle it oh ron its interesting, isnt it . I mean, a Quarter Point was expected, a half a point. Its not panic, but it is concern on its, the fed basically saying things are okay, but we are more worried about the unemployment side, the Job Site the full employment side. Of all mandate than we are about inflation, which is coming down very nicely. And what to hit target next year and one other point, boris, they are expecting multiple cuts this year. If you look at the socalled dot plot, the feds just getting started in this era of easing, which begins today whether or not you think the fed is being timely and trying to prevent being behind the curve as Jerome Powell says, or today is actually, are reflection of being behind the governor really wont know for a bit longer, but certainly, i think you summed it up aggressive is the word and richard, we initially saw a big response from the Stock Market. How they look now well, you know, the the initial reaction from the Stock Market is a classic children with sugar rush candy. I mean, thats literally what you saw hey, the candy, the sugars arrive off, we go to the races and then Laurel Chore Reflection while anger on as he Sick Tingling that things are a bit more tougher than we expected. Are things going to be a bit more sluggish . Is the economy going to slow down more than we realised . And thats why sober comments and outcoming in overall, what does this mean for you, boris . Means that if youre borrowing money, that will get cheaper, if youre saving money your Interest Rate will get less. But overall the u. S. Economy is by far in the best condition of any of the major global, western economies. Richard quest, appreciate you breaking that down for us and specifically what it means for me personally to i appreciate it, richard, thanks so much so lower Interest Rates. Good news for the Housing Market. Lets discuss with josh flagg, real Estate Agent and The Star of million dollar listing, Los Angeles. Josh, thanks so much for being with us how does this affect homebuyers fantastic because now its cheaper to borrow money. And what does that translate to it means that people can afford to now buy houses with Mortgage Rates lower the only this could be a very good thing the only thing that would not make this a good thing is if sellers start to think, oh, well great Mortgage Rates are cheaper. I can just raise the price on my house. Thats not going to work and thats what people are going to immediately think, or theyre going to think, oh, well, you know, prices have been fair to this whole time. People just couldnt afford it, but now they can so lets keep it at the price. People just need to it come down a little bit and not be a selfish, im talking about sellers. And then the buyers will come and House Inventory right now because you have to consider that as well with Interest Rates for how the Housing Market is for prospective buyers well, thats the thing. I mean, this is the first time weve ever had a downmarket where theres been relatively no inventory. I mean, ironically, i mean, when you have a downmarket, you know, theres usually more inventory than this. Theres usually like, you know, people that are desperate or, you know, its just inventory and thats the problem. So hopefully, now that prices are, hopefully now that the rates have gone down a little bit, it will now make sellers that didnt want to put their houses on the market because they think that they can sell their house. Now itll make them put their houses on the market it has only good things can happen from this, weve taken a long time yeah. What about folks that are considering selling their homes . How does this now affect them when they tried to weigh that calculus of whether they can potentially increase the price youre saying its about idea no, its a horrible idea because theyre already at the houses are overpriced. The problem in Los Angeles specifically as theres not a line around the block for people to buy houses and the sellers are still not reducing their prices to what Market Rate is there. In fact, theyre overpriced. So if anything i mean, Worstcase Scenario leave the price as is, but really what they should do is lower the prices, but raising the prices would make absolutely no sense because its not that its not that houses are all of a sudden undervalued when the when the Interest Rates go down because theres more buyers, they just werent priced correctly to begin with they now peopling to take advantage of this and just become real sellers. Thats the problem we have is we dont have realistic sellers. Theres, and the problem is that we dont have buyers because its been on affordable yes. Fair market value. They have to do an honest assessment of what that is for people who did decide at the height of these Interest Rates, you know what . I dont have a choice. Maybe they were moving military families, for example, dont have a choice. Maybe they had to buy and they, theyre kind of stuck with that Interest Rate. When do you think they might be looking at getting a break from not tough Interest Rate . Well, i would assume relatively soon then theyre going to be able to refinance their homes. I mean, this is not going to be the only cut. Theres going to be more cuts, you know, coming along to so you know, its very shortly, i would assume that people are going to its going to become more affordable for especially the people that have already purchased all right. Josh, thank you so much. I know this is on the minds of so many people who, you know, they need, theyre going to that next house. Theyve been stymied by this market or their perspective firsttime homebuyers. And we appreciate your insights yeah, its not that it was such a huge thing that happened today. Its only a huge because its showing that thats the way were going. Thats why its important. This is the first time since before covid, there has been a cut like this. Yeah, its the trajectory, maybe not this particular singular step thanks josh. We appreciate it and still ahead, wireless devices exploding in lebanon for the second straight Day Yesterday was pagers now at least 14 people killed and Walkie Talkie explosions. We are live tracking the aftermath plus Sean Diddy combs back in court this Hour Fighting to get out of jail after being denied on Racketeering And Sex trafficking charges, were going to talk to a Defence Attorney about the case and has a new study shows the major Health Benefits of Weight Loss drugs. They arent just helping helping people drop the pounds. How they could also help save them from Heart Attacks and strokes. Well be right back saturday syscall, cnn is taking a break from Breaking News to air. Have i got news for you . Breaking news. Im getting a sandwich. We need to talk about what constitutes Breaking News. Provide got news for you saturday at nine on Cnn And Streaming next day on max all right, here we go next step it because i get trading any phone in any condition at verizon for the new Google Pixel nine with gemini give me a recipe with these ingredients lets get out still in this thig but we have no idea what were dealing with. Mike will not break only way we go hold it together hello asked a victim or witness, are you a republican or a democrat the only that ever asked them . Are you okay. And thats the kind of president we need right now. Someone who cares about you and is not putting themselves first. I intend to be a president for all americans and focus on investing right now in you, the american people people and we can chart a new way forward on kamala harris. And i approve this message only from simply safe 24 7 lifeguard protection, this exclusive technology allows simply safe agents to help stop crime in real time, stop police are on their way for instant Intruder Deterrence and faster police response. Theres no safe like simply safe, high, its christina again, im here to tell you about an all new Special Offer from my friends at Jacuzzi Bathroom Model that you dont want to miss were waving all Installation Costs and postponing all payments for up to one year. And best of all, they can install it. And as little as one day with no stress at no mess from a safer, easy Entry Shower to a stunning Family Bath or how about a luxurious upgrade with a timeless design that will look great for years to come. Youve done in the same day . We did not have to wait its absolutely perfect. Is exactly what i was dreaming of to take advantage of this special Tv Offer today. Act now, only weeks left to get waived installation and no interest in no payments for up to one year go to Jacuzzi Bathroom Model model. Com or call 800 803, 799336. Thats 800 799336. Call now the only thing i dont like about payday is waiting for it is kind of crazy. We can choose, we get paid some signs there for me how i was shocked. But now i decided when i get paid my pay less me get up to 500 of my pay when i knew theres no interests, no credit shapes, no mandatory Fees Mbappe gives me the freedom to handle whatever life brings i have Big O and im not waiting for payday anymore. And you shouldnt either join me. I can. Com and give, hey, would you say with the credit gods on your side rewards once available to the few are now accessible to the many Credit One Bank get cashback rewards and less large for gentle, Dependable Constipation really tries seneca. It works differently than other laxatives because its made from the senate plan. And natural vegetable active ingredient gentle, dependable seneca, also available in Delicious Gummies lead with Jake Tapper Today it for cnn were Breaking News. The Teamsters Union will not endorse either candidate in this Years President ial race. Unions, a critical part of course are president bidens winning coalition listen four years ago. But this year the Teamsters President spoke at the republican national convention, a Pudding Support in doubt. The union represents 1. 6 Million workers and retirees. Lets talk about it with cnns kayla tausche. Tausche. Kayla, this is something that hasnt happened in decades it hasnt happened since 1996, brianna and you mentioned that this was unions were a critical component of president bidens winning coalition back in 2020. And democrats had hoped that once again, especially after the policies put forth by the bidenharris administration, that it would be an easy win for for Vice President harris. Now, she has secured the endorsements for most major union leaders, but this one was always outstanding. And around the time of the republican national convention, when sean obrien, the leader of the teamsters took the stage to deliver remarks. Stake holders at the time were suggesting that teamsters officials have been saying behind the scenes that they could remain neutral in this years race. Remember Union Leademselves have a political calculus to make within their own organisations. They are elected. In many cases and they have to keep their membership happy. And in many of these cases, theyve waited until their own internal polls showed exactly how their Rank And File members felt before they came out with their endorsement. And many of those polls were conducted in recent months, the teamsters poll, which was conducted over the course of six months with sort of a fasttrack in the last month when harris became the candidate, showed overwhelming support for former President Trump in many cases. But in the statement that the teamsters put out just a few moments ago, they not into specific proposals that they were unable to clinch with either candidate as the reason for remaining neutral, sean obrien, whos the president of the teamster saying, unfortunately neither major candidate was able to make serious commitments to our union to ensure the interests of working people are always put before big business. He goes on to say we sought commitments from both trump and harris not to interfere in Critical Union campaigns or core teamsters industries, and to honour our members right to strike but were unable to secure those pledges to many following this situation is its not necessarily a surprise given that this position had been more or less telegraph for the last few months, but they had dangled the possibility of a change in that stance, inviting Vice President harris too many roundtables with rankand