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Progress. A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors have cheered the cut, the dowjones industrial the neck i added 1. 5% in us dot markets. And the s&p 500 rose to all high times. Bbc s samira hussain has more from new york. 0ur the s&p 500 road i. 7%, the s&p 500 road i. 7%, extending this years gains to 20% and meanwhile the dowjones surged over 500 points to topping 32,000 for the first time in the majority of industry groups closed out the interest is higher and big tech outperformed as it was spurred to investors return to risk on mood and tesla gained 4% and more than 7% respectively. Stocks traditionally tied to economic growth jumped withjp economic growth jumped with jp morgan economic growth jumped withjp morgan chase and ca ....
A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new all time highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied ....
the palestinian ambassador to the u n, called it a step in the right direction but reiterated calls for an immediate ceasefire saying that 2 point 3 million palestinians have been fighting for their lives and facing death. meanwhile: israel s ambassador to the un criticised the resolution and said that the un should have focused on the humanitarian crisis of the hostages. gilad erdan also thanked the us for its support of israel. for more on the day s events, our correspondent there, john sudworth sent this update from washington. the united states explained that while they re happy that this was stepping up humanitarian aid, they were happy that the council did not include the condemnation of a mosque towards the october seven attacks and said that is what led them to eventually abstain and it is worth noting that the draught was humanitarian in nature and those in the council discussed must be a kind of all parties if one is named and ultimately, the united states, ....
that the united states won t veto. our correspondent, shaimaa khalil, has the latest. still very much under. in the works. it s come down from cessation to suspension to now creating the conditions. i don t think there s any shortage of diplomacy. what we re in shortage of really is the agreement on a humanitarian truce, pause, ceasefire that will allow aid to come in in a sustained, consistent way. and not only that, but distribution has also been a key hindrance here. this. the relentless bombardment, the continued fighting has. has meant that even the little aid that comes in and we ve understood from the united nations, for example, that the aid that comes in is about 10% of the general need of the population in gaza, that hasn t been distributed and hasn t gone to the people who need it the most. we ve heard warnings from the world food program, for example, that gaza is now, you know, on the fringe of a real threat of famine. a who team has gone to the north of ga ....
let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk econo ....