Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th
Job for controversial billionaire elon musk. Here s ritika gupta with the details. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. This would be to eliminate wasteful federal spending a shot at the biden harris administration s spending levels. I will create a government efficiency c
Largest hospital began. Combat has raged for days in and around the complex, which is crowded with patients and displaced people. President Volodymyr Zelensky has told the leaders of European Union Member States that its crucial to send more ammunition to ukraine. Speaking by video link to the summit in brussels, he said the amount of Artillery Shells available to ukrainian soldiers was humiliating for the whole of europe. Welcome to the programme. Apple. The us is accusing it of monopolising the Smartphone Market and crushing competition. Apple denies the claims. It says it will vigorously fight the lawsuit. Apple accused of using its power to limit competitors, as well as the options available to consumers. Heres the us Attorney General Merrick Garland making the announcement. But as our complaint alleges, apple has maintained Monopoly Power in the Smartphone Market not simply by staying ahead of the competition on merits. But by violating federal antitrust law. Consumers should not
steve: it is #:00 here in new york city on this fox & friends friday, january 19th. and currently we have 29 degrees here in new york city. here in studio m., it s a beautiful 72 and sunny. ainsley: and we have a fox & friends exclusive. daniel penny s attorney will join us on the marine veteran s legal strategy after a judge rejected his plea to dismiss the subway chokehold death case against him. lawrence: plus, four days away from the new hampshire primary, former president trump is highlighting the rise in prices as americans pay $1,000 a month on groceries. inflation known over hundreds of years. a country buster. it breaks countries. brian: has tipping culture gone too far? steve: yes. brian: americans starting to cut back on gratuities. that isn t a gratuitous remark. that s a fact. the second hour of fox & friends starts right now. just remember your mornings are better because you re with friends. please be dressed. steve all right. we got t
campaign travel as the administration s poll numbers sink while the border crisis reaches critical levels with thousands of migrants arriving every day and released into the country. welcome to fox news live. i m griff jenkins. hey, jacqui. jacqui: good to be with you, i m jacqui heinrich. in a victory for trump, and the 2024 election cycle. alex has this for us. let s start with the drive by the biden-harris campaign. it offered bullet points and did not hold back. inside the maga plan to attack and ban the abortion pill. tying the former president to restrictive abortion policies. the biden team says the campaign as a whole will hit full steam by early summer, but a push is evident now to connect more so with black and hispanic voters. yesterday the president commuted the sentences of 11 people in prison for nonviolent drug offenses and on wednesday touted bidenomics with a focus on minority businesses. it s a fundamental break from trickle down economics, economics tha