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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 the White House. However, Vice President Kamala Harris just caused democrats to suffer a major loss. The Teamsters Labor Union and its 1. 3 million members are not endorsing her. Im Harris Faulkner and you are in the faulkner focus. That Labor Organization announced it will not endorse a Candidate Period this time around. Here is what makes this particularly damaging for democrats. It marks the first time since 1996, nearly 30 years, that group, that important union with all of its members, has not backed a democrat White House nominee. So Kamala Harris has helped them gain that Check Mark in history. Teamsters president Sean Obrien spoke about the decision. We interviewed both candidates and we were seeking commitments from both candidates and we couldnt get solid commitments on our core issues. No endorsement sends a message to both parties that if they truly want to ....
more on this development let s bring in wall street journal columnist henninger and dan and based on evidence that s swirling around in the public how strong is this case? that s an easy question to answer paul. because maybe a thousand or more people have already answered it. unanimously, it is not a strong case. it just isn t which raises the mystery of why it s being brought. what trump is being accused of which is related to the possibility of paying hush money to adult film ac tres years ago is a misdemeanor under new york state law. prosecutor bragg is thinking about elevating it to a felonny under federal law which most specialist say they ve never seen something like that happen before especially with the former president. so the question becomes what is going on exactly with prosecutor bragg? he was under a lot of pressure from his staff before this to do it two prosecutors resign one where a book about it. i think there s the possibility paul that he s f ....
yes. trump s former lawyer and fixer, michael cohen, joins me live onset. it cannot be different rules for different people in this country or in this state. former presidents are no different. senator elizabeth warren on the depth of the fraud, and former u.s. attorney harry lippman on the possible charges facing the trump family in their business. plus, breaking news about trump stash of classified documents. all in starts right now. the good evening from new york. i m chris hayes. today new york attorney general letitia james filed a lawsuit alleging what was already obvious to anyone who was ever paid attention. donald trump is a crook. in more than a 200-page filing, james accuses the ex president and his oldest children, don junior, eric, and ivanka, his company, and some of its top executives, of a long-standing scheme to commit fraud. inflating the value of his properties in order to get more favorable deals from banks. here s how new york agent james pu ....
pitch their closing messages to voters. we ll have a slew of new polling numbers to see what, if anything, is getting through. also ahead, this week s jobless claims are in. what the new numbers on of the of another interest rate hike tell us about the state of our economy. professor eddie glaude jr. and jonathan lemire are with us. and joining us, nbc news national political reporter marc caputo and republican strategist and nbc news political analyst susan del percio. it s good to have you with us this hor hour. we have new polling out this morning. a hotly contested senate race in pennsylvania, the latest emerson college the hill survey finds mehmet oz with a two-point lead over john fetterman, within the poll s 3% margin of error. 4% remain undecided. let s keep it in pennsylvania. another new poll shows last week s debate between fetterman and oz appears to have had very little impact in minds of voters. 48% of voters telling monmouth university they will defin ....