Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half a percentage point. Thats more than expected, and it is the first Rate Cut since the Covid Pandemic in 2020 and the largest since the 2008 financial crisis. So tonight the big question is, what does it mean for your Credit Card bills, your mortgage, your auto loans, and
international rival is being tied to a number of major stories this evening. china is pushing back on a threat by u.s. officials that the social media site tiktok could be banned country wide if chinese investors do not sell their interest. there is also word american banks may have to reimburse companies in china for losses from the collapse of a major u.s. financial institution. allegations that several members of president biden s family received payments from a chinese energy company. we will take you to capitol hill. and new information about what china may be doing inside ukraine. we have fox team coverage tonight. jacqui heinrich at the white house with the tiktok story and the ukraine angle. chad pergram on capitol hill tells us about the chinese ties to silicon valley bank but we begin with senior national correspondent rich edson who has new information coming out of the hunter biden investigation. good evening, rich. rich: good evening, bret. the chairman james c
southampton are promoted after beating leeds in the championship play off final at wembley. good morning. today is going to be a day of sunshine and showers. the heaviest showers will be in the north and north east scotland, later rain coming to south west england. all of the details throughout the programme. it s monday 27th may. our main story. the hamas run health ministry in gaza says 35 people have been killed and dozens injured in an explosion at a refugee camp near rafah. the israel defense forces said it had carried out an air strike targeting a compound where senior hamas officials had gathered. it says it s reviewing the incident after reports that civilians had also been harmed. our correspondent dan johnson is injerusalem. good morning to you, dan. what more do we know about the impact to civilians on the ground? we know there was this civilians on the ground? we know there was this explosion - civilians on the ground? we know there was this explosion last - civ
twelve people have been injured 8 of whom taken to the hospital after a flight from doha to dublin suffered turbulence. remembering the songwriter behind disney s most iconic tunes. richard m sherman dies at the age of 95. now on bbc news it s time for sportsday. hello and welcome to sportsday. i m gavin ramjaun. southampton are back in the premier league they get the better of leeds, to return to the top flight at the expense of their rivals. i am here in central manchester, the fa cup final didn t go to plan but there is still plenty for manchester city to celebrate in victory parade. and despite this huge crash at the start of the race, it s no place like home for charles leclerc in monaco. also coming up on sportsday. no nonsense from alcaraz who leaves qualifier wolf feeling sheepish on the opening day of the french open. hello there and welcome along to sportsday, where it s southampton who are celebrating a return back to the premier league tonight, after ten
flight from doha suffered turbulence for the qatar say the fight landed safely, this after a man died on a flight but severe turbulence last week. not on bbc news it is time for sportsday. now on bbc news. hello and welcome to sportsday. i m gavin ramjaun. southampton are back in the premier league they get the better of leeds, to bounce back straight into the top flight at the expense of their rivals. iam here i am here in central manchester, the fa cup final didn t go to plan but there is still plenty for manchester city to celebrate in victory parade. and despite this huge crash at the start of the race, it s no place like home for charles leclerc in monaco. also coming up on sportsday. no nonsense from alcaraz who leaves qualifier wolf feeling sheepish on the opening day of the french open. in hello there and welcome along to sportsday, where it s southampton who are celebrating a return back to the premier league tonight, after tense, and nervy victory over leeds