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Good morning. 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im Jose Diazbalart. We begin this hour with breaking news, a brandnew Jobs Report beating expectations. The government reporting employers added 254,000 jobs in september, thats well above the 150,000 predicted by most economists. The Unemployment Rate fell slightly to 4. 1 . And when you break it down by race, both the black and hispanic Unemployment Rates fell by. 4 last month. There you see the drop. This report comes hours after Port Workers and Port Operators along the East And Gulf coasts reached a tentative deal to end a strike that began on tuesday. That walkout threatened to bring chaos at the start of the holiday shopping season. With us now, cnbcs dominic chu. Dom, good morning. This was a strong Jobs Report. What else did we learn from it . Good morning, jose. Yes, it stands in stark contrast, this Jobs ....
I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring ....
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. ....
Part of an overall Unemployment Rate of 5. 3 injuly. All of which has had people taking to social media. Kerry allen works for Bbc Monitoring and has been observing Social Media Activity in china discussing this move. What are people saying in china about this move to stop counting Youth Unemployment . This has been a major Talking Point on social media and state media have reported this is not something young people should worry about and that things are projected to improve from august onwards but on social media a lot of comments that i have seen are very cynical, showing that statistically unemployment has been rising since the beginning of the year, and they are commenting things like, everyth ....
Documents with improper intention, and they are alleged to have had these knowing they were fake. Ijust want to recap on that information we are just getting here want to recap on that information we arejust getting here into bbc news. We start with this Breaking News. Three suspected spies for russia have been arrested in the uk. The defendants are all bulgarian nationals and were held in february. They have been remanded in custody. It is alleged they were working for the Russian Security services and what we know is they are charged with possessing Identity Documents with possessing Identity Documents with improper intention. They are alleged to have known, to have had these, knowing they were fake. Lets cross live now to the old bailey to get more on th ....