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if you have joined if you havejoined us, you are welcome and we are looking at the top business stories. we start here in the uk, where there is some relief for millions of people facing soaring housing costs. lenders have started the new year by slashing the cost of mortgages as financial markets bet the bank of england will soon begin to cut interest rates from their 15 year high. from today banking giant hsbc becomes the first major lender to bring back mortgages below 4% since last march. it comes as rival halifax slashed almost a percentage point off some of its mortgage rates this week. and it s raised hopes of a price war between banks. hsbc is offering a five year fixed rate mortgage at 3.94%. it s only available to people remortgaging their home not to first time buyers. but it s far below rates of almost 6.5% that borrowers were facing just a few months ago. and it will be a welcome development for many uk households as our cost of living correspondent kevin ....
dana: i m dana perino and this is america s newsroom. the prime minister making the announcement moments ago outside 10 downing street. this after she failed to overcome a flurry of criticism from her own party. alex hogan is following all of this from london. hi. good morning. this has been a very contentious day here in london after a contentious two months of british prime minister liz truss time in office. she announced her resignation earlier this morning. speaking for a minute 30 seconds. very brief. take a listen. we set out a vision for a low tax, high grade economy that take advantage of the freedoms of brexit. this comes after a shaky day yesterday at downing street. another member of her government left the job. home secretary resigned. she was a popular figure in the conservative party. she has been replaced by grant sha p. he is a supporter of the former p.m. candidate who lost to truss. he quickly addressed the need to get to work. truss had only ....
republican lawmakers say all of it all of it puts our national security in danger. i m harris faulkner and you are in the faulkner focus . the decision by president biden to release another 15 million barrels of oil from the strategic petroleum reserve puts our nation s emergency supply at its lowest level in four decades. this has been his administration s reflexive move for months now. biden already has released, when you add it up, 165 million barrels. now add on to what he is about to bring us, 15 more and you hit 180 since he took office. in other words, his presidency has been rocking high gas prices for quite some time now. why now focus on it? the president seeming to get a bit defensive when someone asked that question. what is your request to republicans who say you are only doing the release to help democrats in the mid-terms? president biden: where have they been the last four months is my response. is it politically motivated? president biden: no ....
john: begin america reports this thursday afternoon with 19 days to go now until the midterms. president biden out on the campaign trail today as the pennsylvania senate race comes down to the wire. hello, i m john roberts in washington. sandra: 19 days out, hard to believe. here we go. sandra smith in new york. the president travelling today for his only campaign stop of the week. he ll talk infrastructure before heading to philadelphia to stump for john fetterman. john: happening as polls show republican dr. oz closing the gap against john fetterman, and republicans also gaining ground in contests thought to be democratic strongholds. sandra: our panel standing by. mollie line is standing by in deep blue rhode island. so first to bryan llenas on the ground in philadelphia, expecting to see the president a short time from now. hi, bryan. hi, sandra. $167 million have been spent in the pennsylvania senate race. it s the second most expensive race in the nati ....
carts are demanding action over the same rocketing prices. so could all of that, any of that, happen here? we re all over it with alex hogan in london on truss moving out. peter doocy on the white house still digging in. shannon bream on if any party in power needs to listen up. and why jeb bush says he s fed up, not with just soaring prices, but right now falling school grades for our kids. attention, class. it s not dismissed. welcome, everybody. i m neil cavuto. happy to have you on a busy news day. let s first get the latest out of london where the shortest serving prime minister has just announced she s out of there. alex? hi, neil. a dramatic shakeup of u.k. government today. after just six weeks the prime minister announcing that she is resigning. liz truss walking out of downing street earlier today, announcing that she will resign. citing the war in ukraine and the unstable economy as major problems coming in to this role. she had hoped to grow the economy wi ....