I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring in steven schoenfeld, ceo of financial Data Provider marketvectors here in New York. We see equities rallying today.
Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Am i just gonna take what the markets gives me . No. I can do some research. Ya know, thats backed by j. P. Morgans leading strategists like us. When you want to invest with more confidence. The answer is j. P. Morgan Wealth Management with bugs, the struggleisreal. Thats why you need zevo traps. Zevo works 24 7 to attract and trap flying insects. For effortless protection. Zevo. Peoplefriendly. Bugdeadly. There are many ways to deliver a shipment. At old dominion freight line, we deliver them this way. This way uses technology and goes the extra mile to do things the right way. The delivering promises on time, every time, way. Ainsley it is 8 00 a. M. On the east coast, thursday, september 19th, this is Fox And Friends. Brian ill take it from here, stand back. Nassau coliseum, place the is islanders used to play. That was not his only stop Last Night. You are the peoples champion. Oh, wow. Trump, trump, trump, trump. [cheering] Lawrence Plus Fox and friends exclexclusive, i went penns
Im bret baier. Breaking tonight the biden administration is under fire over its chaotic withdrawal of u. S. Troops from afghanistan. A new report from the republicans on the house of foreign Affairs Committee accuses the White House of misleading and even lying to the american public. Vice president Kamala Harris and her democratic colleagues are trying to blame former president Donald Trump for the afghanistan disaster. That is not stopping the issue from playing a role in the president ial campaign. Gillian turner starts us off tonight. Good evening. The Republicans Report is 350 pages long, contains thousands of pages of additional documentation from the chairmans two year long investigation. The biden administration iS Pushing back hard on the substance of this report and the timing of its release. Dueling reports from the house foreign Affairs Committee on the 2021 u. S. Withdrawal from afghanistan. Republicans ultrafast first major finding, the biden administration failed to deve