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.
That i see. We had a 92 rating in one poll. 80 to 20. I told that to bret baier. We sent him a lot of polls and sent you polls this morning. We had an 86 rating in one, another 77 . One poll is 92 to 6 . 92 to 7. Speak louder, mr. President. 88 to 11. All the polls are 60, 70, and 80. 83 to 3. Wow. I mean, but every single poll had me winning, like 90 to 10. It was 24 to 25. Do a Shoutout Poll, who they thought won the debate Last Night. Itll be great. You know we always do the poll at The End, mr. President. Why dont you do it while but im on the phone there. The polls are indicating that we got 90 , 60 , 72 , 71 , and 89 . Where are you getting these numbers from . And there you have it, willie. The race is over. 86 to 3, he tells one person. Who responds with, wow. You won 86 to 3. Did you, Comrade Stalin . All the soviet people must really love you. No, but, i mean, Thats Part of the well, its not part of the problem. I mean, its a huge problem. He lives in an alternate reality. Hi
Hur and also a letter to Merrick Garland . Objection. And with that, mr. Chairman, i see my time has expired and i yield back gentlelady yields back the chair is recognized. Mr. Her, why do you do it . Why did joe biden your words willfully retained and disclosed, classified materials . I mean, he knew the law in an office like 50 years five decades in the United States senate, chairman of the Senate Foreign relations committee, eight years as Vice President , he got briefed every day as Vice President. Hes been in the situation room. In fact, you know, he knew the rules because you said so on page 226 President Biden was deeply familiar with the measures taken to safeguard Classified Documents and joe biden told us he knew the rules mr. Armstrong said this earlier. Joe biden was deeply familiar with it. Youre exactly right because he told us when jack smith goes after President Trump, joe biden says, how could this happen . What data was in those documents that could compromise source
paul: welcome to this special edition of the journal editorial report as we look back at the highs and lows of 2023. president biden s poll numbers sink as the year comes to a end. gallup s final poll of 2023 find 39% of americans approve of the job he is doing. the lowest of the last 7 presidents in their first term. the president has become frustrated with his low approval rating and polls that show him trailing donald trump nationality. can he turn those numbers around in the new year? let s ask fox news contributor karl rove. these numbers have been persisting for a while, the president is going down. s it too early to conclude that americans have made a judgment that this has not been a successful presidency? they have made that judgment and they made that judgment about the president himself three quarters, more than three quarters of the american people think he is too world to seek a second term. two thirds of the american people think he lacks the stamina and ment
we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more expensi