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.
To become the next us president have finally met and finally debated. Donald trump and Kamala Harris strode the stage in the Swing State of pennsylvania, for what turned out to be a fierce clash with claims, many of them false, hurled in each direction. Topics included the economy, abortion and immigration. It was a Prime Time showdown which often turned personal. We have been monitoring the Opinion Polls as the pollsters try to track how the two fared, but both candidates and the campaigns are claiming that they came out best. Moments after the debate, Donald Trump entered the Spin Room to telljournalists hed won the night. Our senior North America Correspondent Gary Odonoghue was watching the debate in philadelphia. The abc News President ial debate. Here now, David Muir and linsey davis. Good evening. Im David Muir, and thank you forjoining us for tonights abc News President ial debate. Not just the first debate for these two as president ial candidates, but the first time these two
Junta a week to reverse its coup which has seen Mohamed Bazoum placed under house arrest. The bloc threatened military intervention if the demands werent met by sunday. But the deadline has now passed, so far, without action. But a short time ago nigers junta warned the threat is still there. Translation the planning of this war has been carried out. Was not armed forces Mohamed Bazoums armed forces and although defence and Security Forces backed by the unfailing support our people are ready to defend the integrity of our territory and the honour of our homeland. France has suspended all Development Aid to nigers neighbour, burkina faso, after its Military Government said it would see any intervention against the coup leaders as a delcaration of war. Thousands of people gathered on sunday in the main stadium of nigers capital in support of the coup, Chanting Anti French Slogans and waving russian flags. The bbc s Nkechi Ogbonna has been monitoring developments in neighbouring nigeria w
to celebrate july 4th in several key battleground states. we ll show you how the presidential contenders marked the holiday. plus a federal judge orders the biden administration to stop talking with social media companies. what it means for the effort to tamp down misinformation about covid and so much more. and later which of these things is not like the other? looks like the gop needs to brush up on its social studies. how its twitter page mixed up the american flag. good morning, and welcome to way too early on this wednesday, july 5th. i m jonathan lemire, and thanks for starting your day with us. we certainly hope you had a happy and safe july 4th. the white house celebrated america s independence yesterday with a barbecue, a concert, and of course plenty of fireworks. we re turning from a weekend at camp david, president joe biden addressed military members in the crowd who he called the protectors of democracy. you are the backbone, the reality of why we are
regard, it s good news. but we need to put it in that context. 0bviously, china is facing a slowdown. what do you expect the government to do to try to boost the economy going forward? boost the economy going forward? ~ . ., forward? well, li keqiang made it very clear forward? well, li keqiang made it very clear that forward? well, li keqiang made it very clear that the forward? well, li keqiang made it very clear that the 5.2% - it very clear that the 5.2% growth was basically not by stimulus. as he said, china s good immune system. it is very clear that to reach anything similar, which i think is what the government is going to announce in the two sessions in march, they will need some stimulus. and we are already seeing additional issues for local governments and expectations of a cut in the ratio and monetary policy and stimulus, etc. some stimulus will come, but it will be limited. just to barely make it to 5% and possibly maybe even slightly below 5% next year. t