Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell ha
we have a secure border. the border is secure. we have taken unprecedented action over the past year and a half to secure our border. the border remains closed. it is not open. we re turning away the majority of adults. we have a process in place to manage migrants at the border. bill: arrests are surging and so are the number of so-called gotaways. new numbers show nearly a million evaded detection since president biden took office. allowing so many to disappear into the u.s. and this is nothing new. julie: you re right. bill hundreds of these migrants crossing the rio grande in broad daylight. border patrol doesn t have enough agents to process the folks. the situation is completely deteriorating. migrants used a rope to cross the river some carrying infants. a free for all. if people can get across the river they can walk in. the bus pulling out now is full of unaccompanied children and young teenagers. julie: his relentless coverage at the southe
damage with torrential downpours and rising floodwaters across south florida. that s where we begin. good evening. i m norah o donnell, and thank you for being with us. tonight, more than 2 million people are under flood warnings and alerts with streets and entire neighborhoods underwater. in miami, more than a foot of rain fell in the last 24 hours and fort lauderdale is declaring a state of emergency, telling people stay off the roads. apartment buildings and homes became their own islands surrounded by floodwaters. hundreds of flights across the state are delayed or canceled, stranding passengers. similar scenes among florida s gulf coast. emergency crews responding to drivers trapped in their cars. that area has seen more than 2 feet of rain in the days ahea. cbs miami s with larry seward is an art lauderdale, florida, where the rain shut down a section of the interstate. reporter: relentless storms pounded south florida jay dumping more than half a foot of rain from co
the first and second quarters both negative. the federal reserve predicting a slowing job market and rising unemployment rate. it will take some time for the full effect of tighter financial conditions to work through different sectors and bring inflation down. so monetary policy will need to be restrictive for some time to have confidence inflation is moving back to target. we re committed to avoiding going back pre maturely. the federal preserve chairman saying it could be two years of economic pain for americans. now europe is dealing with 10% inflation. the united kingdom made an about face on tax cuts. new prime minister wanted to cut taxes on any one making more than $167,000 a year. a public ground swell caused the government to abandon the plan leaving the top tax rate at 45%. many republicans in the united states are saying all of this is caused by president biden s energy policies. the people that i represent are not ready and they are not
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