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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 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 the ....
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 c ....
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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 a moment. But just to give you a sense of how much trump was trying to woo the Teamsters President Sean Obrien, he gave him a Prime Time Speaking Slot at the republican national convention. Any reaction with the Teamsters Decision not to endorse know they are. ....