Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
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
Political drama has taken a dark turn amid dozens of Bomb Threats. So why wont the former president and his allies stop pushing the lies that started it all . Plus, the stunning charges against one of the most famous men in hiphop, superstar sean diddy combs accused today of everything from Sex Trafficking to arson, bribery, to kidnapping. How the indictment says he abused and manipulated women to gratify himself and to protect his reputation. And an extraordinary incident in lebanon, where hundreds of handheld pagers exploded all at once, killing eight people, injuring more than 2,000. Was it part of a coordinated attack . So much to get to today, but we begin in ohio, where life has been completely up ended by a baseless claim. Here is the Scene Today at Snow Hill elementary in springfield, State Highway troopers patrolling outside and inside. You see one of them here, little Kids Head to school, and then two of them, two of the 36 that are across the Springfield District after the g
Good morning to warn and welcome to cnn this morning it is sunday, september 15. We just got into september and now on our way oh, my my gosh, time is like going like that by good to have you with us this sunday morning. Im Victor Blackwell and im Isabel Rosales in for Amara Walker well, the fight for Battleground States in heating up, Vice President Kamala Harris former President Donald Trump, and the respective Running Mates are set to crisscross the country in the final seven Weeks Sprint in the race for the white house. We are going in depth. Was the Moment Trump was asked about the Bomb Threats linked to Haitian American conspiracy you see theories in springfield, ohio and three americans including a purported Navy Seal, were arrested in venezuela in an alleged plot to assassinate the countrys president. What we know about the allegations and investigation ahead, we have that in a live report for you. And major Money Moves could happen this week as a Federal Reserve is poised, rol
And i think with all the horrible shootings we have had, and the murders we have had, where the shooter fits the same profile, i think its incumbent upon people who want reforms to wage a very aggressive campaign to convince people at minimum to make it much much harder to get people under 21 to get guns. Tim, garrett, yamiche, thanks to all of you. Thats going to do it for us this hour. Our coverage continues with Katy Tur reports right now. Good to be with you, im Katy Tur. Vice president Kamala Harris is about to talk to voters in New Hampshire. She is scheduled to roll out new economic proposals aimed at Small Businesses and entrepreneurs, but we expect or at least we imagine that she will start with the latest School Shooting. At least four are dead and nine are injured after a teenager open fired inside apalachee High School before noon this morning. The suspect is alive and under arrest. The identities and ages of the victims, though, are still unknown. Heres one student who des