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
See there from him going in with a walker into one of the courts that he wasnt in particular good health. In fact, recent appearances in court, he has been in a wheelchair. And we are told that today he has been rushed to hospital where he is undergoing that Heart Surgery. We will try and get our correspondent for washington to give us the latest on them. Just waiting for her to appear. First lets get some support. Here is gavin. Well start with Cricket And Sri lanka beat england in a test for the first time in 10 years after an eight Wicket Victory at the oval denied the hosts a clean sweep. The tourists resumed day four on 911 1, under Grey Skies in South London and visitors had Pathum Nissanka to thank, who blazed his way to a second Test Century 127 not out, as Sri Lanka made their target of 219 with ease. Stand in Captain 0llie Pope knows where his England Side went wrong. We played some good cricket through the summer but could not put it together over the four days we have here.
To do that, let s begin with mike isaac, tech correspondent for the new york times, who s in san francisco. We didn t quite know a lot from the very beginning. We understood that durov was detained, and it was pretty clandestine in the beginning. Then later, the french prosecutors let out a few different reasons. According to a sort of brief statement, it was facilitating child pornography, human trafficking, drug trafficking, a sort of vague reference to encryption issues on the app. So it was kind of a laundry list of issues. More broadly, mike, were you surprised that this happened in france? so, this is. . . One of the fascinating aspects of this case is, you know, it s a big deal in any sort of country at this point, i believe, to really take under arrest the ceo of a major tech company, especially one used by almost a billion people, that telegram is. I think the distinction that s important here is that the arrest was made not under eu sort of broader laws, but specifically unde
On the app. So it was kind of a laundry list of issues. More broadly, mike, were you surprised that this happened in france? so, this is. . . One of the fascinating aspects of this case is, you know, it s a big deal in any sort of country at this point, i believe, to really take under arrest the ceo of a major tech company, especially one used by almost a billion people, that telegram is. I think the distinction that s important here is that the arrest was made not under eu sort of broader laws, but specifically under french sort ofjurisdiction. And i also think that other tech ceos are looking at that and what that means for travel across different countries, not. . . I think durov is a different case because of how uncooperative he has been with different countries over the years but it s something to look at. Related to that, my bbc news colleague joe tidy has been reporting in the last few hours that telegram refuses to join international programmes aimed at detecting and removin
Or cruise missiles. Their main purpose, their main aim is to cause devastation and this is exactly what the kremlin wants to achieve, kyiv says. Therefore they asked their partners to provide them with long range weapons and president zelensky has already responded to this attack by once again calling on his partners to allow them to use these weapons to hit targets deep inside russia. Ukraine currently cannot use weapons provided, such as storm shadows and other missiles, to hit deep inside russia and the ukrainian partners say that if they allow them to do so, it will only escalate the war. However, the ukrainian authorities say that these weapons will be used only to hit military targets such as airfields from where russian bombers take off and attack ukrainian cities. On friday, ukraine s president zelensky fired the head of the ukrainian air force, mykola oleshchuk days after an f 16fighterjet crashed, killing its pilot. The f 16 was recently sent by nato allies. It crashed while