Records across the board. The dow, the s p and nasdaq the highest they have ever been in all on the same day as the federal Federal Reserve signals a good start Turning Signal maybe three times this year, three times next year. Amid signs right now that wall street gets exactly what it wants, consumers presumably gets what they want and everyone seemed happy today. Welcome everybody im neil cavuto and this is your world and what did the Federal Reserve set off today. It come from for one thing that would cut some people feared were put off maybe indefinitely are back on. But we dont know for sure when theyll be on and when they will start definitely Mark Scott Martin takes a look at how the market responded to all of this. They like it, did they get ahead of themselves . Reporter surprisingly and i love this set up they always do so well my friend which is the fed is likely to cut rates as they said but how much . And this is a market that we talked about all year that was expecting .
Import duties on electric vehicles. The likes of tesla. This will bring it down to 50 and allow ev makers to make 8000 cars per head, the value over 35,000. As pointed out, this is conditional on them investing roughly 500 million in india over three years, essentially to spruce up ev infrastructure and manufacturing in the country, so we will have to wait and see if the likes of elon musk announced investment for the country. Announced investment for the count. V announced investment for the count. ,. , country. Its clear they want to remove country. Its clear they want to remove barriers country. Its clear they want to remove barriers to country. Its clear they want to remove Barriers To Entry| country. Its clear they want i to remove Barriers To Entry for these ev makers to come into india. What has been the local reaction from car makers . India. What has been the local reaction from carmakers . Well, of course. Reaction from carmakers . Well, of course, local reaction from carmake
Amid fighting with Machete Wielding militias, trying to protect their neighbourhoods. Our Latin America and caribbean correspondent, will grant, is in cap haitien and sent us this report. The grisly aftermath of a gang rampage. Following a morning killing spree, in which the home of a judge was also attacked, at least a dozen bodies were left on the streets of a neighbourhood in port au prince. And this is supposedly the safe part of town. The latest violence serves as a reminder, if any were needed, that haiti remains closer to anarchy than stability, and that makes it almost impossible for so many here to lead anything that resembles their normal lives amid the chaos. Just a day old, baby woodley s first cries are the same as those of children born anywhere for food and for comfort. But as they get older, the children born in cap haitien s maternity wing will find such essentials are farfrom guaranteed in haiti. This woman tells me she would take her newborn boy out of the country al
Making borrowing more expensive. Theyve been trying to bring down inflation. If it goes too far, the us economy could slow down. The chief us economist, she told me her expectations on the interest rates. ,. , rates. Inflation has been the definin rates. Inflation has been the defining moment rates. Inflation has been the defining moment post rates. Inflation has been the defining moment post pandemic, and i think what i will be looking for is, given the recent progress and the data where Core Inflation here in the us has fallen significantly from the highs of 2022, will powell be ready to declare victory and recognise the progress that has been made so far, and in this may indicate to Financial Markets that we are quite close to the end of the tightening cycle. My own expectation is that he will not be ready to do that yet because there is still some uncertainty where we are now in the final mile of bringing inflation from over 3 to 2 , which is the actual inflation target. So i think
Could you elaborate on what this would mean for consumers . Sure, consumers will be affected by this policy change through commercial banks changing its short term crime rate, it will be impactful in two ways, for Savings Account for instance it is good news because we will finally see some positive numbers is interest on our savings. But for the borrowers it would mean if you have a variable rate it could go up, according to the commercial banks decision, and you would be liable for a greater interest payment. If you would be liable for a greater interest payment. If we are talking greater interest payment. If we are talking about greater interest payment. If we are talking about moving greater interest payment. If we are talking about moving out i greater interest payment. If we are talking about moving out of negative Interest Rates, what sort of a move are we looking at . ~. ,. ,. ,. , at . Mood, the mood in businesses. At . Mood, the mood in businesses. Not at . Mood, the mood in