Known as fleet street fox, susie boniface, and the former Chief Of Staff to Donald Trump, mick mulvaney. First, the latest headlines Lebanons Health Ministry says israeli air Strikes Today are now known to have killed over 300 people. More than 1000 have been injured. Its the deadliest day of conflict across israels northern border since 2006. The Israeli Military says its struck 800 hezbollah targets across Southern Lebanon and the Bekaa Valley. For the first time, the Luxury Store harrods tells the bbc its investigating current staff over rape and Sexual Assault allegations against the former owner, mohammed al fayed. 0ne Ex Employee tells us A Manager she believes facilitated fayeds predatory behaviour is still employed by harrods. Rachel reeves has used her first Labour Conference Speech as chancellor to rule out a return to austerity when she sets out her budget next month. Addressing the audience in liverpool, she said tough decisions were needed to deal with the economic legacy
Here in washington and this is americas late news. Fox news at night. Tonight, Vice President harris meddling her way through a starstudded Oprah Winfrey sit down last night, struggling once again to answer this very simple question. We would really love to know what your plan is to help lower the cost of living . In terms of both rightly having the right to have aspirations and dreams and ambitions for your family and working hard and finding that The American Dream is, for this generation and so many recently, far more elusive than it has been. Did you follow that . Did anyone follow that . Can i get some Italian Dressing on that salad . Former President Trump for his part was asked to be very same question recently, listen to his answer. We have more liquid gold under our feet in any country in the world, saudi arabia, russia, i will reduce Energy Costs for people, that means air conditioning, eating, cars, everything by 50 . And we will do that within 12 months and i will be able t
In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h
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 in steven schoenfeld, ceo of financial Data Provider marketvectors here in New York. We see equities rallying today.
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