Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
citizen trump. the idea that an american president returns to being an ordinary citizen just like everyone else after they leave office is as fundamental to the concept of america as the bill of rights. we re a nation with no king. and therefore, even the president of the united states is just a citizen. no more, nor less. and as such, they are held to the same laws and provided with the same defenses that you and i get. that is what the three-judge panel on the d.c. circuit court of appeals unanimously ruled today in its crushing legal takedown that counter to trump s stated arguments, presidents do not have complete and absolute immunity from criminal prosecution. and thus, trump must face trial for his alleged attempts to overturn the 2020 election. in their ruling they reminded trump what the supreme court has already declared, quote, no man in this country is so high that he is above the law. no officer of the law may set that law at defiance with impunity. all of the of
now, santos was completely denying the allegations. he also was making a reference to the fact that this prospective staffer who is a former reporter made some audiotapes, recorded conversations with santos and then leaked them. but this is just the latest serious allegation in a long string of allegations against the embattled congressman. a long string that keeps on getting longer. melanie, thank you. it is the top of the hour. just a short time ago the pentagon defended the president s choice to delay shooting town a suspected spy balloon from china. a fight jet brought it down saturday. after the balloon crossed the continental united states, multiple republicans have criticized it calling it a weak response. but commander at norad says the intelligence gathered will be of value. there was a potential opportunity for us to collect intel where we had gaps on prior balloons. this gave us the opportunity to assess what they were actually doing, what kind of capabilit
a family run fragrance firm has won a king s award for enterprise after growing exports 500%. we ll speak to the boss. could an easing of tensions between the world s economic superpowers be on the way? in a major speech in washington on thursday, us treasury secretary janet yellen has called for a constructive and fair relationship with china, saying a decoupling of their economies would be disastrous for both sides. secretary yellen also said she plans to visit china for talks. us china relations are in their worst state in decades with the biden administraton enforcing a strict export ban on advanced technology to china, which accuses washington of trying to stifle its modernisation. from new york, our correspondent samira hussain reports. it has been five years since the united states imposed tariffs on billions of dollars of goods coming in from china. they not only have trade relations but diplomatic relations but diplomatic relations between the two countries have
grabs, dysfunction and this is not a partisan criticism. understand this, it s embarrassing, it s dysfunctional. it s dangerous, it s stupid. those are the word that is republicans have used. 11 rounds of voting and we still don t have a house speaker. as the deadlock enters a fourth day we have new reporting about another potential deal in the works that just might give kevin mccarthy the gavel. plus, we get the latest from the war in ukraine as russia calls for a brief cease-fire to observe the orthodox christmas holiday. ukrainians leaders are dismissing the idea. some good news, damar hamlin is showing improvement after collapsing on the field during monday night football. the buffalo bills safety is alert and responding to commands. we ll show you what his doctors are saying. good morning, and welcome to way too early. i m jonathan lemire on this friday, january 6th. it is, of course, the second anniversary of one of the darkest days in our nation s history and we wi