tim muffett, bbc news. time for a look at the weather. here s darren bett. thank you. it is a warmer day for us today. temperatures have been rising rapidly across southern england, already reaching 26 degrees in bournemouth. over the next few days, temperatures continue to rise. always hot across england and wales in the sunshine. from late wednesday onwards, things change again with the threat of thundery rain and temperatures start to drop. that breakdown and the weather eventually comes courtesy of that area of low pressure, but it has not reached as just yet. ahead of that, we have a south easterly breeze developing and that brings the heat in from continental europe. temperatures are higher today. we are looking at 27, 20 8 degrees across some parts of england and into wales. and the low 20s across scotland and northern ireland, even though there is more cloud around here and there are still spots of drizzle here and there, especially across western scotland. but more s
consumer confidence rises as president biden declares christmas shipping problems solved. we re also working to un- stick bottlenecks between the ports and the stores. yuccas: day three and still no verdict. the jury remains out in the manslaughter trial of a former minnesota police officer. the capitol riot investigation: why the house select committee wants to speak to a republican congressman who is a top ally of former president trump. the war on cancer: how close are we to a vaccine for breast cancer? and a new york school teaches lessons in kindness, both inside and outside the classroom. this is the cbs evening news with norah o donnell reporting from the nation s capital. yuccas: good evening, to our viewers in the west, and thank you for joining us. i m jamie yuccas in for norah o donnell. we begin tonight with a major milestone in the fight against covid. the f.d.a. has authorized the first anti-viral pill to treat the virus, though the white house war
consumer confidence rises as president biden declares christmas shipping problems solved. we re also working to unstick bottlenecks between the ports and the stores. yuccas: day three and still no verdict. the jury remains out in the manslaughter trial of a former minnesota police officer. the capitol riot investigation: why the house select committee wants to speak to a republican congressman who is a top ally of former president trump. the war on cancer: how close are we to a vaccine for breast cancer? and a new york school teaches lessons in kindness, both inside and outside the classroom. this is the cbs evening news with norah o donnell reporting from the nation s capital. yuccas: good evening, and thank you for joining this is the cbs evening news with norah o donnell, reporting from the nation s capital. i m jamie yuccas in for norah o donnell. we begin tonight with a major milestone in the fight against covid. the f.d.a. has authorized the first antiviral
technology companies had one of the biggest sale of shares in years. a proper us welcome for the crown jewel of uk technology. arm holdings was born and raised in cambridge, england. you may not have heard of arm holdings but i guarantee you own something with arm technology inside it. the chips are 99% in all of the smartphones in the world. 70% of the global population are estimated to have something, phone, tablet, gaming console with arm stuff inside it and 30 billion arm design chip sold worldwide alone to customers including google, apple, amazon and microsoft and others. some of whom took a stake in the company today. the boss told me he wanted to be listed with those of the global tech heavyweights in new york. when we look at all the opportunities in terms of listing, when we looked at the size of listing that we had and the tech companies that we are to grips with, we thought new york would be the best location. does it mean decisions about the future are now made i
shelter and housing. and particularly you mentioned the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects to raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have co