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Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. ....
Live from london this live from london this is business todAy. Is business todAy. We stArt in the Red SeA where irAn bAcked Yemeni Houthi rebels AttAcked two more Crude Oil TAnkers with missiles And drones on mondAy in whAt us CentrAl CommAnd cAlled Reckless Acts of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the GAzA WAr bAck in november they hAve lAunched more thAn 70 AttAcks, sinking two vessels, Seizing Another And killling At leAst three seAfArers. The economic impAct hAs been felt fAr beyond the region with ships forced to divert on A long And costly detour Around the horn of AfricA. West coAst soAred 389 Betwen December And july. From AsiA to europe its been even more expensive up 469 over the sAme period. Those prices hAve eAsed A little since but Are still mAssively higher thAn when the houthis begAn their AttAcks. Peter sAnd is Chi ....
[national anthem] [national anthem] [national anthem] pete: closing our nation s anthem out with a beautiful with shot of a rainbow. we ve got a snow-covered house with a very stealthy flying american flag. rachel: how wig is the flag thae yours are bigger. pete: the flag on our property? it s bigger. rachel: yours is like used car lot pete: that s what we re going for. [laughter] are car dealership sized flag. not quite that big. good morning, by the way. thanks for your photos will: do you take it up or down? pete: no, i keep it lit. i can t take it up and down, but i keep it lit. i think that s e what you have to do, you make sure it s lit. which we do. and i try to tribe some of those photos for you because don t forget, guys, when we re talking on tv, there are also people listening on siriusxm radio like my wife right now driving from florida to nashville through alabama. do what you can this morning to be descriptive with your words rachel: hi ....