Like to call it the Situation Room two tomorrow now Breaking News, the Federal Reserve just slashed Interest Rates by an aggressive Half Percentage Point its a major move that could impact the president ial race. As voters rank the economy as their top issue. With Election Day only 48 days away also breaking the Death Toll rising in lebanon right now after booby traps, Walkie Talkies, and pagers belonging to hezbollah members exploded over two days of Attacks Israel saying a new era, their words, a new era in its War Effort is underway, appearing to tacitly acknowledged Responsibility And Music Mogul Sean Diddy combs has denied bail. Again, losing an appeal and forcing him to remain behind bars as he faces trial on sex crime charges. Standby for new details on this Breaking Story and whats next in the Case Welcome to our viewers here in the united states and around the world. Im Wolf Blitzer. Youre in Breaking News were getting new reaction this hour to the Breaking News. A jumbosized
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
Countries were fighting with russia. Our russia editor, steve rosenberg, reports. What we heard from vladimir putin today was a clear warning to the west do not do this, do not allow ukraine to use your missiles to strike russian territory. What we didn t hear from vladimir putin was what russia s going to do if this actually happens. He talked about taking appropriate decisions but without any detail. Now, what might those decisions be? well, in the past, president putin has proposed providing advanced long range weapons to western adversaries, to strike western targets abroad. He s also suggested in the past deploying conventional missiles within striking distance of america and its european allies. Now, russian officials many times have accused the west of fighting russia, waging war against russia, on the territory of ukraine. Putin made it clear today that if this goes ahead, if western missiles are used to target russian territory, this will take things to a whole new level. So
To strike russian territory. He said this would change the nature of the conflict, and mean the us and other nato countries were fighting with russia. The british prime minister, Sir Keir Starmer, who is currently heading to washington, is expected to discuss the use of such missiles with President Biden on friday. Damian grammaticas reports. Two and a half years after vladimir putin launched his invasion of ukraine, and almost nightly russian bombs and missiles continue to batter the country. Strikes launched from deep inside russia. To counter these, ukraine has for months been urging the west to allow it to use the long range weapons they already supply to hit back, against airfields, logistics and military targets that sustain these assaults, and to blunt the Advances Russia is making on the ground. For ukraine, the timing, with winter coming, is critical, so on the agenda for Sir Keir Starmer heading to washington with the foreign secretary, whether to green light attacks on russi
Through southern california. Dozens of homes, even a Ski Resort destroyed as the flames forced thousands to evacuate. And francines fury, the storm swamping the gulf coast, flooding roads, forcing rescues, and the threat is not over for 14 Million people in its path. Our Nbc News reporters are following the latest developments. We begin with nbcs Mike Memoli in charlotte, north carolina, where the Vice President will kick off this new phase of her campaign. What are we expecting there, mike . Reporter well, chris, charlotte is a nascar town. And the way the campaign describes it she has been Revving Up for the past weeks, now she has to shift into gear. She had to choose a running mate, introduce themselves before the convention, and we know how much she prepared for the debate on tuesday. Now, because they view the debate as a huge success, they want to double down on the message she brought to the debate stage, talking about the need to change the pace, not look back to the trump adm