Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger than many expected with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede
this currency expert from one of the world s biggest banks tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over th
tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over the world. politicians and central bankers everywhere are fre
upper district to the east district. like the french quarter? upper district and north district and the south district. thank you, 391,000 people live there and are happy to have a mayor who insists on flying first class. and living for free. go being to the netherlands. addressing the needs of the people. some tickets were outrageous. steve: 17,000 to france. brian: it is not safe for a woman to be in coach. steve: you might not get the job as spokesperson for the new orleans chamber of commerce. brian: not yet, runner-up again. ainsley: if this job doesn t work out for you, you should visit. brian: 74 degrees, wear a sleeveless shirt. steve: many are on bourbon street right now. ainsley: if they are wearing shirts at all brian: no one is inside, they are all in the street. steve: on bourbon street, driving to jackson square, there is one nice spot, no idea whether it is still open, there is always a person on a swing and they swing in and o
involving the doj s investigation of classified documents at mar-a-lago. the trump team has one more hour now to officially weigh in on unsealing the documents before a judge hears the case this afternoon. the doj is opposing their release. various media organizations including cnn are requesting that they be unsealed. also happening this morning, the trump organization s former chief financial officer allen weisselberg is expected to plead guilty to a 15-year tax fraud scheme. the new york times reports that justice department has subpoenaed white house records in its investigation into january 6th. that s separate from the mar-a-lago search. and in georgia, rudy giuliani appeared before an atlanta-area grand jury for roughly six hours as the target, a target of the probe into efforts to subvert the election there. we want to circle back, though, to the case of the documents obtained at mar-a-lago. short time ago i spoke with donald trump s former impeachment lawyer davi