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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 ....
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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 cen ....
Presidential endorsement that both candidates have been angling to lock down for weeks now. And it turns out neither one of them is getting it. An an election that is marked by an allout fight for Blue Collar voters. The teamsters silence rings louder than really any endorsement could tonight. The leadership declared during that theyre not backing Vice President harris or former president Donald Trump. The republican Nominee Tonight tried to claim otherwise earlier today, i was honored to receive The Endorsement of the Rankandfile Membership of the teamsters. I love that endorsement comes from the leadership of the teamsters, but well talk more about that in ....