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BBCNEWS World Business Report July 7, 2024

stock market debut. but is it the right time? as you ve been hearing, the uk government says it s sticking to plans for £45 billion of tax cuts despite turmoil on financial markets since the chancellor s mini budget statement on friday. it s seen investors dumping the pound and uk government borrowing costs soaring on growing alarm about the country s finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down. but as our economics editor faisal islam explains, it s only a short term solution. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets more importantly on debt markets and then, within days, led to a tidal wave of interest rate rises, reaching every corner of the economy. in an emergency statement, the bank of england said. ....

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CNN New Day Weekend July 7, 2024

massive bridge linking russia to the annexed territory of crimea. why this is a big deal both strategically and symbolically and how ukrainian and russian officials are now reacting. also, a major shakeup in uvalde, texas. the school district suspends its entire police force and puts two officials on leave. how if families are reacting. plus hurricane ian blasted its way through florida, knocking out electricity to millions. one community in the storm s path never lost power. how they made it through relatively unscathed. hopeful news in the fight against breast cancer. new day starts right now. it s great to be with you this morning. it s saturday, october 8th. thank you so much for spending some of your morning with us. boris, sorry you re not. you re stuck with me now. that s right. we re grateful to have you, amara. i m so pumped that this is your new home. congratulations to amara walker, being named the new co-anchor of weekend new day. thank you ....

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CNN New Day Weekend July 7, 2024

explosion of the only bridge connecting russia with the annexed territory of crimea. now, the blast partially collapsed the kerch bridge and paralyzed a key supply route from moscow s faltering war in ukraine. but this bridge isn t just logistically important, it s also a huge symbol for the kremlin in its attempt to reunify crimea with the russian mainland. ukraine has not claimed responsibility for this, but after the blast in kyiv, people can be seen taking selfies in front of a billboard depicting the image of the bridge on fire. that s not the only thing you re seeing from ukraine mocking the explosion. fred pleitgen joins us now. fred is in kyiv. he has the latest developments. what are you hearing, fred, about who s behind this explosion. reporter: yeah, well, the russians are moving very quickly to point the finger of blame at the ukrainians. this is quite interesting because i ve been following a lot of telegram channels coming out of russia. a lot of top r ....

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CNN The Lead With Jake Tapper July 7, 2024

crash saying republicans will crash the economy if they win control of congress in 12 days. plus the january #th committee closing in, new this hour, the key testimony the panel is pursuing which could be its final act. the new data that should quiet questions about the u.s. in a recession but can it stop the federal reserve from a new big hike in interest rates. hello and welcome to the lead. i m john berman, 12 days left until the midterm elections and president biden is sharpening his closing argument. you re looking live pictures talking about his administration s toefrts get the economy back on track, he s expected to poimt to new data showing that economy bounced back in third quarter and it grew at an annual 2.6%, biden has called the economy strong as hell and he s trying to convince voters who believe the opposite that democrats should stay in p power. cnn white house correspondent jeremy diamond is live on the scene in syracuse, jeremy, what can we expec ....

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CNN The Lead With Jake Tapper July 7, 2024

get the u.s. island back online. president biden headed to one of the largest gathering of world leaders, while the white house once again trying to explain the president s comments about china and taiwan, and more. we star today with the national lead, the growing immigration crisis. right now officials and volunteers in delaware are making preparations, after reports and flight plans suggest a plane full of migrants could be heading their way from texas and a stop in florida. this all come less than one week after florida s republican governor ron desantis arranged to have nearly 50 migrants flown from texas to martha s vineyard, where former president obama has a home. critics accused the two governors of using human beings in a crass and inhumane political stunt, while the republicans say they are just trying to highlight a border crisis exacerbated by president biden s policies. to be clear, there is a crisis at the southern border. just last night the white ho ....

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