abortions sued texas over its near total ban on the procedure. we ll hear from one of them who says she nearly died because of the law. we begin this hour with that breaking news out of mexico concerning those four americans who were shot at and kidnapped in matamoros, mexico. the governor of the state of tamaulipas says two of the four americans have been found dead while one more is injured. the fourth was found unharmed. disturbing video shows part of the kidnapping where you see the assailants dragging people into a white pickup truck. a law enforcement official confirmed. joining us now, nbc s ken dilanian, nbc s peter alexander at the white house, and the former head of the dea s operations. ken, what can you tell us? what the governor is saying is these americans have been recovered, two dead, two alive, one injured. they are in mexican custody and will be transferred to the u.s. this has not been confirmed by u.s. officials, but u.s. officials saying that they wer
british gas suspends its force fitting of prepament meters following a report that it was imposing them on vulnerable customers. its chief executive, chris 0 shea has apologised. there chris 0 shea has apologised. is nothing that i can 5 can there is nothing that i can say that can express the horror i had when i heard this, when i saw this. it is completely unacceptable, that language is completely unacceptable. the largest ever outbreak of bird flu is now infecting mammals in the uk. hello and welcome if you re watching in the uk or around the world. europe s biggest energy firm, shell, has reported record annual profits of nearly $40 billion in 2022, more than double what it made in the previous year. the profits are the biggest in the firm s history boosted by higher energy prices since the start of the ukraine war. shell has already said it will pay tax in the uk for the first time since 2017 as a result of the government s windfall tax. let s take a closer look at t
moved to a hospice. china launches several ballistic missile tests into waters around taiwan following a senior us leader s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. good afternoon, welcome to the bbc news channel. good afternoon, welcome to the bbc news channel. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst infla
interest rates has affected things quite a lot then. it is due of course to bond yields having gone up quite significantly over the last number of months as well. let s remember the u.s. economy is still in positive territory at this point. that positive territory means consumers and investors aren t necessarily interested in treasury bond yields. so in order to entice more consumers, you have to raise the yield. how do you raise that? well, the bond price goes a little bit lower, the yield goes higher, and that s why you re seeing those bonds reach those levels. investors also looking out for higher yields just because, for example, they are looking at inflation persisting at these levels. just very quickly as a quick example, if you were to take out a 30-year mortgage bond with a 20% down payment at the average interest rate level you re seeing right now you d pay $2,300 per month. pricey. i feel bad for all those people trying to buy their first
hinted at the idea that the interest rate level that they stop at, the so-called terminal rate, may need to be higher than some people anticipated in the past. one of the other things, though, wall street isn t going to get exactly what they want out of fed chair jerome powell either today or tomorrow. the reason why i say that, jose, is because many people, investors and traders on wall street are looking for hints about what those policy decisions will be on interest rates. how much will they do it by? how frequently? the problem right now, jose, is the fed doesn t have all the data. later on this week, we re going to get even more jobs data, including the non-foreign payrolls report on friday, which many consider to be the most important economic data release every single month. next week, we have consumer price data coming out, as well as business-level or producer price index coming out. all of that before the fed s interest rate decision in two weeks. fed chair jay powell today i