Welcome to Business Today live from new york. Shares are inching higher on Wall Street ahead of the most closely watched meeting of the Us Federal Reserve in years. In just underfive federal reserve in years. In just under five hours time the fed is expected to finally start cutting the cost of borrowing from its two decade high. But how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late . Let s get more from the chief fixed Income Strategist at janney montgomery scott. The big debate here, 25 or a 50 Basis Point Cut. What are you expecting . Basis point cut. What are you petting . Expecting . Its a close call. I think there expecting . Its a close call. I think there is expecting . Its a close call. I think there is relatively think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur Expectation is that the federal reserve will reduce overnight Intere
We have continuing coverage of the story on bbc news. Countdown serve the fed, the us Central Bank is expected to cut Interest Rates in the next couple of hours. The question is by how much. Also ahead, Uk Inflation hold steady in august but as the Bank Of England finally slaying the dragon . And The Party is over for tupperware as the 78 year old firm filed for bankruptcy. We lift the lid on what went wrong. Welcome to business today. We start in the us where the federal reserve is poised to cut the cost of borrowing for the first time in four years. That decision comes in less that three hours. It will come at two oclock eastern time. Americas Central Bank cranked up Interest Rates for the highest in two decades to get soaring inflation under control. Lets take you live to New York and talk to our North America Business correspondent. Investors are betting on a cat but the Big Question is how deep that cut will be. Indeed. Thats the deep that cut will be. Indeed. Thats the interestin
President zelensky has repeatedly called for permission to use the weapons on targets across the border. He claims it is the only way to end the war. Our political editor, chris mason, has sent this report from the white house. I think the next few weeks and months could be crucial. What does President Biden make of russias threats against the west . I dont think much about that. This is the Blue Room of the white house, the president , the Prime Minister and their team spoke here for about an hour and a half. The war in ukraine dominated the conversation. Afterwards, Sir Keir Starmer wouldnt be drawn on whether he had persuaded the president That Authorising Ukraine To Fire Western Missiles at russia was a good idea. Instead, he said. Theres only One reason were having these discussions and thats because putin has illegally invaded ukraine and the quickest way to resolve this, obviously, lies through what putin actually does. Because its for him to end this, but we are having the disc
Thanks for being with us. Trade unions and groups representing the families of israeli hostages are holding a General Strike to press the government to reach a deal to free those still held by hamas. Its already affecting some flights at Ben Gurion Airport in Tel Aviv, and business, schools, and other forms of transport have also been hit. The stoppage is a day after the Israeli Army said it had recovered the bodies of six hostages who were taken during the attacks of seventh 0ctober. That led to mass Demonstrations Injerusalem and Tel Aviv On Sunday with the organisers calling on prime Minister Benjamin Netanyahu to negotiate a deal with hamas to bring home the estimated 100 remaining hostages. Sundays protests were largely peaceful, but some crowds broke through police lines, blocking a major highway in Tel Aviv. 0ur Correspondentjon Donnison has been following the story. After the biggest protests in israel since the start of the war in gaza, with hundreds of thousands of people dem
I came to office determined with the duty to care and get us through one of our toughest periods in history. And we have. President joe biden continues to hit the former president on the Campaign Trail as the former president yesterday appeared to float cutting Social Security and medicare. Meanwhile, trump is also now flipflopping on tiktok, the platform he pushed to ban when he was in office. It comes as the house is set to vote tomorrow. Plus, theres more fallout from alabama senator katie britts state of the Union Rebuttal and how her speech highlights republicans fears of losing women voters this election. Good morning and welcome to way too early on this tuesday, march 12th. Im jonathan lemire. Thanks for starting your day with us. Former President Donald Trump is vowing to release Hundreds Of January 6th defendants currently behind bars if he were to be releected this november. On truth social last night trump explained that one of his first acts as president would be to, quote,