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
In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including one child. Israel is saying nothing about these extraordinary attacks. Frankly, it s hard to think of anyone else remotely capable of mounting such a sophisticated operation. But it comes at a time when the government is threatening to step up its military effort against hezbollah. Israel s border with lebanon has been volatile ever since the war in gaza began exchanges of fire every day between israel and hezbollah. Tens of thousands of civilians on both sides have been forced to flee. Kiryat shmona has been hit several time
Message to both israel and to other parties that they need to do everything they can to try to reach a diplomatic resolution. Hezbollah is an armed group backed by iran. And this explosion comes at a time of heightened tension between hezbollah and israel. We know the group had been advising its members to use pagers because of concerns israel could tamper with or access mobile phones. Here s more on today s events from paul adams. And a warning that it starts with some upsetting images. This was a devastating attack. . . . . In supermarkets, on the street, in cars, at home and even in barbershops. Thousands of hezbollah members simultaneously injured by exploding pagers. Incidents reported from all over lebanon, from beirut to the bekaa valley, and even in neighbouring syria. Hospitals suddenly inundated. Each explosion may have been small, but men lost fingers and eyes. Some had gaping wounds to their hips where the pagers were worn. Nine people are believed to have died, including o