Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
Figures show only 10 of funding promised to reduce inequality as part of the Levelling Up Agenda has been spent, mps have said. We will look at why. That and more to come in this half hour, but before that, for sport round up. Welcome. It has been a historic cheltenham festival, finished up with back to back wins. The trainer took his fourth gold cup with the favourite galloping to victory on the races 100 anniversary. It victory on the races 100 anniversary. Victory on the races100 anniversary. Anniversary. It has been extraordinary. Anniversary. It has been extraordinary. Our anniversary. It has been | extraordinary. Our horse anniversary. It has been extraordinary. Our horse was in anniversary. It has been extraordinary. Our horse was in such extraordinary. 0ur horse was in such good form coming here, the preparation went so easy, so well, we set ourselves last saturday morning, we could have a big week. That is exactly what has happened. The Quarterfinal Draw for the European Champ
decisions on interest rates and they put up interest rates again by 0.25%. the last time they were there was middle of they were there was middle of the financial crisis in 2008. they also say they will stay for that level for quite some time so this idea of high interest rates to say is here to stay. interest rates to say is here to sta . f , interest rates to say is here to sta . j , , . to stay. they re big picture message to stay. they re big picture message is to stay. they re big picture message is not to stay. they re big picture message is not great, - to stay. they re big picture message is not great, it i to stay. they re big picture message is not great, it is| message is not great, it is pretty bleak. they are saying things may not be as bad as had been predicted. been predicted. that s where the graphs been predicted. that s where the graphs come been predicted. that s where the graphs come in been predicted. that s where the graphs come in and - bee
violin plays. ceremonies are being held to mark holocaust memorial day to remember the millions of people persecuted and murdered by the nazis. and britain s alfie hewett and gordon reid secure theirfourth successive australian open wheelchair doubles title their 16th grand slam title together. hello and welcome. the chancellor, jeremy hunt will make a major speech shortly about where long term growth in our economy will come from. mr hunt is expected to dismiss gloom as he sets out plans to increase productivity in the uk. it s also thought he ll pledge a relentless focus on the key industries of the future. but it comes against the backdrop of a cost of living crisis and ongoing strikes about public sector pay. it comes in a week the government has faced accusations it has no long term plans for growth. according to advance extracts from his speech released by the treasury he will say. the government will offer a plan for long term prosperity based on british genius
of the financial crisis, 2008 ish? yes. and they have said they will stay about that level for quite a while, so the idea that interest rates are here to stay is here to stay. and the big picture message is not great, it s pretty bleak, but they are kind of saying things might not be as bad as had been predicted. yes, that s where the graphs come in. we will now try and paint graphs with words, but they looked at inflation, which they do in all these reports and actually, they are now suggesting that inflation will fall faster than they predicted when they lasted this back in november. politically, that helps rishi sunak, showing his first pledge of halving inflation by the end of the year is comfortably going to be met on this trajectory. yes, and voters and lots of people will say hurrah to that. as far as the politics is concerned, there will be, as there was when he announced this, a slight scepticism about the extent to which he is actually responsible for that. it is qu