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BBCNEWS World Business Report July 7, 2024

let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....

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MSNBC Chris Jansing Reports July 7, 2024

defamation case brought by writer e. jean carroll who alleges the former president raped her in the 90s. with early voting already underway in dozens of states across the country, we are requesting to take a look at the key races in arizona and florida as well including last night, a pretty heated debate between senator marco rubio and val demings over everything from abortion to gun safety. the government is in that room because she brought them in there. she wants the taxpayer to pay for that abortion. that s government involvement pay for them all over the world. how long will you watch people being gunned down in first grade, fourth grade, high school, college, church, synagogue, a grocery store, a movie theater, a mall and a nightclub and do nothing? all right, up first, though, the president is set to give a really major speech any moment now. as soon as it comes up, we re going to bring it to you, expected to announce the release of 15 million barrels of ....

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MSNBC Katy Tur Reports July 7, 2024

now, 15 million barrels does sound like a lot, and it does have the potential to drive down gas prices in the short term, but it is not a new release. it has been planned for a while now. the final tranche of that 180 million barrels the white house announced last spring. so why announce it today? again, president biden said it was not about politics, but the election is 20 days away, and polls show the economy is dominating the national consciousness. around 80% say the economy or inflation or both will play a major role in how they cast their vote. the president wants to remind voters his team is trying to do something about it, especially as democrats try to say it is, republicans say it is all the democrats fault, as voters tend to blame the party in power when they worry about the state of things. is that fair? probably not. the economy is extremely complicated. and people who spend decades studying it say presidents have very little control, if any at all, over ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

house republicans accuse president biden of hypocrisy, after the discovery of classified documents at his private residence. but will the republican investigation be as even handed as they claim? tonight with the context. kezia dugdale, the former scottish labour leader, now the director atjohn smith centre glasgow university and the republican political analyst and former spokesperson for the republican national committee doug heye. hello, welcome to the programme. the government in westminster has taken an unprecedented step. it is refusing royal assent to new legislation approved by the scottish parliament. the bill in question, removes the legal and administrative hurdles that people are forced to negotiate in order to change their gender. it will also lower the age at which people can apply for a gender recognition certificate, from 18 to 16. but here s the issue. gender recognition is a devolved power, equality legislation across the british isles is a reserved power. t ....

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FOXNEWS Special Report With Bret Baier July 6, 2024

bitter conflict among house republicans. former minority leader kevin mccarthy is being opposed by landful of lawmakers who are refusing to support him. a number that increased by one on the last balloting for speaking. chad pergram has been following this all day minute by minute. he tells us where things stand tonight from a chaotic capitol hill. good evening, chad. bret, as you say. the most chaos for the beginning of a congress in 100 years. it marked a foreboding start for a g.o.p. majority which promised big things in the midterms. the house voted all afternoon. kevin mccarthy lacks the votes to become speaker. mccarthy and his allies are determined to keep voting and wear down his opponents. are you going to stay in the race, leader mccarthy. yes. i m not going anywhere. look, i have the record for the longest speech ever on the floor. i don t have a problem getting a record for the most votes for speaker, too. there were only five g.o.p. members official ....

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