Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger than many expected with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede
Is perfomed by a team of vets in liverpool. And coming up on Bbc News, celtic get their Champions League Campaign off to a flying start with a Record Opening Win for brendan rodgers side. Good Afternoon And Welcome to the Bbc News at one. The bbc has today been contacted by more former harrods employees who say they were assaulted by Mohammed Al fayed when he owned the famous department store. It follows claims in a new Bbc Documentary by five women who say he raped them while they worked for him. The programme has uncovered evidence that, under mr Al Fayeds ownership, harrods not only failed to intervene but helped to cover up the allegations. Just to warn you, this report from Shaimaa Khalil contains descriptions of sexual violence. Yeah, i went back to harrods about a year ago. I knew if i could walk through and come out the other side, id be in a good place to be talking to you. Ijoined harrods because i wanted to be a buyer, and i ended up working for an absolute monster. When moh
The cost of Borrowing TodAy And follow the us CentrAl BAnk . Most economists think not ill explAin why. Its chAmpAgne, ChAmpions LeAgue FootbAll from celtic, As they score five goAls for their biggest win in the competition to stArt their cAmpAign. The mAnAger declAres it AbSolutely sensAtionAl. We Are live this morning At Knowsley SAfAri we Are live this morning At Knowsley SAfAri with we Are live this morning At Knowsley SAfAri with the world best exclusive. Meet sleeping AmArA. We Are going exclusive. Meet sleeping AmArA. We Are going to tell you About your teAm Are going to tell you About your teAm of Are going to tell you About your teAm of surgeons, he mAnAged to fix A broken teAm of surgeons, he mAnAged to fix A broken leg on this rhino. It mAy be on the grey side this morning for lots of you this morning thAt more sunshine to come. Will the fine September WeAther lAst . I will hAve the bAll becAuse here on its thursdAy, the 19th of september. The bbc hAs reveAled thAt the lAte
We will have more on all of those stories coming up. First, lets cross and catch up with the sport headlines. Sarah mulkerrins is there. Matthew, good evening. Lets start at the cricket at trent bridge, where australia are Chasing 316 to beat england in the first of five one day internationals. England won the toss and decided to bat with Ben Duckettjustifying his elevation to opener with 95 off 91 balls. He set up a good platform, didnt get to his century, with groans around the ground when he fell to marnus labuschange. England then failed to really capitalise on that platform they lost the last eight wickets for 102 runs, all out for 315. It is australia at the crease despite losing mitchell marsh, Travis Head is leading the Way And Hasjust reached his half century off 50 balls. Australia currently 96 2. Chasing 316. It might be thursday, but with the new Champions League format, there are games tonight, with arsenal in action. Good news for Theirfans Bukayo Saka is available to pla
The wake is strong. [laughter] rachel hes from minnesota pete how big are the waves. Will the wake is the thing behind a boat. [laughter] you go to surf of line, its a great site is. They have cams, camera as up in different locations, you can see what the waves look like, and then you look at the surf report. So we can hop on right now and see what the waves look like in fiji, maybe we could if pull up a camera of california. Its dark there. Wherever. Pete a lot of california people watch the show. I found that out on vacation. Rachel yeah, you did do. They dvr. Pete i always thought they were staying up late and catching the first hour. Will partiers . Pete yeah, thats what i thought. Maybe we get a beach cam on wilmington, delaware. Will im going to look it up during the break pete the bidens have ended their beach trip, and theyre headed back to wilmington for the remainderrer of their vacation and possibly a lot to discuss inside the family these days, because we learned a lot thi