Fed Does News Today

Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just...

Republican and Democratic Leaders set to meet with the president for highstakes negotiations on the debt ceiling. America is not a deadbeat nation. We pay our bills. With the Clock Ticking toward a june 1st default deadline failure to do that would be unprecedented. We talk with two powerful senators who have a history of working across the aisle about how to avoid an economic meltdown. We should never put the credit of the United States at risk. Until the president engages, it doesnt matter wha...

>> republican and democratic leaders set to meet with the president for high-stakes negotiations on the debt ceiling. >> america is not a deadbeat nation. we pay our bills. >> with the clock ticking toward a june 1st default deadline -- >> failure to do that would be unprecedented. >> we talk with two powerful senators who have a history of working across the aisle about how to avoid an economic meltdown. >> we should never put the credit of the united states at risk. >> until the pres...

an indictment soon against former president donald trump. cnn has now learned the manhattan district attorneys office has invited trump to testify before a grand jury, all of this connected to the alleged hush money payment to adult film actress stormy daniels in 2016 right before the election. ahead, what it means as prosecutors weigh potential criminal charges. plus, good economic news, the u.s. economy added some 311,000 new jobs last month, that beat analysts expectations by a lo...

why the coffee giant is closing stores in several major cities and its not about sales. and the trailblazing woman making nfl history >> announcer: this is "nbc nightly news" with lester holt good evening, everyone the government is putting another dismal number to what our family budgets are already telling us prices are still going up the rate of inflation in june ballooned to 9.1% over the same month last year. the highest peak since 1981 the cost of virtually everything up, fro...

Well have more on this developing story right here on bbc news. Images show police entering the building, as you see on screen, making their way through a window, by the looks of things, trying to make their way into the hall to get to the students that have camped out inside. The campus is in Upper Manhattan which has been a focal point of Student Protests that have spread to dozens of universities and schools across the us, expressing opposition to israels war in gaza. Police are, quote, clear...

And resulting in a multiyear investigation by the Us Government into the Worlds Largest Cryptocurrency Exchange binance. As part of the agreement, he stepped out of the ceo and founder apologised to the court in seattle singles company had now put in place anti Money Laundering controls and is watched by his mother and is watched by his mother and sister who were in court as he learned his fate. The sentence was considerably shorter than the three years prosecutors are demanding less than 12 to ...

Every single community so people dont have to leave their homes in order to find work thats going to bring them into the middle class? so this is a year long, sustained and steady record, that many people thought was not going to be possible, and we are going to keep that up for the rest of this year. >> so many people, curious of course, what the fed is going to do, as they look at perhaps buying a home or getting a car, if they need a car loan. theyre looking at their credit card interest rate...

Added to it. >> no, i agree. but then -- >> 2017 tax bill is one of the leading causes for the high debt we have today. it gave tax breaks to the wealthy and large corporations, and were paying that cost today. >> if we move beyond talking points -- >> thank you. >> we can talk about the tax cut and jobs act bill which gave us record low unemployment, which gave us income growth disproportionately among the lower incomes -- >> these are the trump tax cuts for the wealthy and corporations. >> as ...

Here’s a stream of consciousness paragraph for you. “Rob, what are you hearing about companies laying off, furloughing, right-sizing, whatever, employees to cut costs while at the same time paying $500-$1000 to nominate one of their employees for some award?” I’m not hearing a lot, but I’ve always wondered about the value in publicizing your top employees for other companies and recruiters to learn about their accomplishments… To what end? And are you no...