Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
Fiona, hello. Hi there, how are you . Im very well, thank you. And welcome back to newscast. Thank you. In previous episodes, we have had about 15 minutes. We have now got about a0 minutes, so. Good job the world is quite chaotic at the moment. There is plenty of Trouble Spots that we can look at. Before we go on a kind of tour around the world, ijust wanted to do a bit of your personal history. So what was happening in County Durham in the 80s when you were a teenager and he decided that russian was the thing that you wanted to get into . Well, that was the period that actually, it is the subject of a Netflix Series at the moment about the Cold War and the bomb where we had the War Scare with the Soviet Union. The 1980s, there were several but the most memorable, at least from my perspective was 1983, when you just could palpably feel the sort of tension internationally. Even as a kid, teenager, in school in County Durham, it is thanks to the bbc, which we were watching religiously e
Fiona, hello. Hi there. How are you . Im very well, thank you. And welcome back to newscast. Thank you. But in previous, well, in previous episodes where weve had about 50 minutes, weve now got about a0 minutes. So good job. The world is quite chaotic at the moment. Theres plenty of Trouble Spots that we can that we can look at. Um, but before we go on a tour around the world, ijust wanted to do a bit of a bit of your, your kind of personal history. And so what was happening in County Durham in the 80s, when you were a teenager and you decided that russian was the thing that you wanted to get into . Well, look, that was the period that actually its the subject of a Netflix Series at the moment about the Cold War and the bomb, where we had the War Scares with the Soviet Union, the 1980s, you know, there were several. But the most memorable, at least from my perspective, was about 1983, when you just could palpably feel the sort of tension internationally, even, you know, as a kind of a
Rachel we begin this hour with a Fox News alert. The idf announcing they have found six dead hostages taken by hamas on October 7 inside of a tunnel in gaza just days ago. Pete sadly, that includes the remains of Hersh Goldbergp if olin who is the fourth american hostage believed to have been killed by hamas. Joey Trey Yingst joins us live from Tel Aviv with more. Reporter hey, guys, good morning. Six of the israeli hostages that were being held by hamas were killed by the group according to the i do df, their bodies recovered this weekend. Its a heartbreaking development for the israeli people who have waited 331 days for them to come home. Three of the hostages were set to be released from gaza during the first humanitarian exchange once a ceasefire was implemented. Im told among them, american citizen Hersh Goldbergpolin. His story grabbed the attention of the world, the 23yearold was attending a Music Festival when the attack began. He hid inside a Bomb Shelter that hamas ultimatel
Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed