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.
All time. They didnt correct her once, and they corrected me on everything practically, Nine Times. The audience absolutely went crazy. And the real i thought it was i walked off and said, that was a great debate. I loved it. Well, i mean, yeah. You know, the stage hands were going crazy. Did he know there was there was a Hound Dog howling up in the balcony of abc. You know, Peter Jennings brought it originally. Willie, the crowd went crazy. What debate is he talking about . Is he confusing the debate with the Taylor Swift concert . Our crowd in the studio, joe, every time i provide a piece of analysis or as you did there, they go bananas, leaps to its feet. Yeah, baby, Come On. Sometimes they go into The Wave when theyre in here. Oh. Its fun to watch. Not the weave, The Wave. It energizes you. I mean, theres so much there. They say, who is they saying he is the g. O. A. T. . Calling himself the g. O. A. T. , talking about the rousing ovations he got in a completely empty constitution
repair shop presenter, Jay Blades whos been charged with engaging in controlLing and coercive behaviour against his estranged wife. And the i newspapers lead analyses the surge in private Health Care saying record numbers of people are turning away from the national health service. Hello there. It was an unseasonably chilly start to Friday Morning with A Touch Of Frost for some, but lots of blue Sky And Sunshine throughout the day and we started to draw in that warmer feeLing air. Now that trend is just set to continue over the next few days. So warmer by day, milder by night, too. For the weekend some sunshine, but also some outbreaks of rain here and there, too. You can see all of the sunshine clearly with the lack of cloud on the SatelLite Picture here. We will see this frontjust gradually continue to push its way further eastwards through the rest of the night, bringing outbreaks of Rain Across Northern Ireland and Western Scotland. More cloud here, too, and some of The Cloud will
Power of young people. And we do that largely through iconic partnerships with artists, actors, athletes, and other cultural figures. And its awesome to see a musical icon like Taylor Swift, who is really a Role Model for so many young people because she shares a lot of the same values. And is concerned about a lot of the issues that they care about. And shes being vocal and encouraging new voters to get to the polls. And really emphasizing that No One can sit out in this election. I think the hidden power from her endorsement and her speech at the vmas that might be lost on some. But for those whove us, who worked to work in the youth space, understand that she is actually providing an encouraging basic voter education. And both her called action to register for to vote, but also in researching the candidates and the issues and the reality is young voters or new voters. So they need that information all right, ive got one last thing to ask you, because back in 2020, there was an oped
Donald trump won in 2016 and 2020, it comes as harris looks to keep her wave of momentum going following tuesday hes debate. Meantime, trump just wrapped up speaking to reporters in california and repeated his vowed to launch the largest deportation of migrants in the nations history. Lets take you there live with cnns kristen holmes kristen, lets walk through some of the former president s claims. You got to ask him a question. Take us there what happened so first those are some of his claims because a lot of this was what we had heard before. He was clearly trying to talk about the economy and immigration, but often went off track. He talked about Kamala Harriss Record as a prosecutor. He went on and on about how she had ruined the state of california, which is where we we are currently he tried to link the fact that here we were here in california to these conversations about crime, about immigration, and to be clear, he is here because he is doing two major fundraisers, one last ni