Landmark Shift News Today

Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declar...

lets start here in the uk, where in just over an hours time the latest inflation figures for april will be released. many analysts are expecting the rate to hit 9% for last month, which will mean the prices remain at their highest level in three decades. the bank of england has warned inflation could hit 10% within months, as the price of fuel and food puts pressure on household budgets. bbc�*s consumer affairs correspondent colletta smith has more on the impact rising prices is havi...

Europe. as we said at the start its very easy to have _ europe. as we said at the start its very easy to have a - its very easy to have a collective well to reduce dependency on russia, we know countries like hungary say thats just not possible they are not ready to back that embargo entirely, a lot of this will be about backing countries with fewer resources to throw effort and research into renewables?— effort and research into renewables? well, i think maintaining _ renewables? well, i thin...

Of panicked phone calls. >> itsry deck lus, tax season started a month early. you know, usually in the month of december were going on vacation, were taking it easy. >> if not this year, he hasnt his team are spending their time explaining the new law. >> it means something for every ting i single person a. tax bill was to simplify things, it hasnt. >> reporter: many taxpayers realize the change wont be a factor. theyll see the full impact come 2019, for anyone looking to make pre payments on pr...

Pope francis today offered some of the most conciliatory comments. speaking with journalist on the plane back to rome after his week long trip to brazil he said gay priests should not be judged or marginalized. anne thompson was one of the journalists on that plane. he was open with the discussion he had with you and other journalist. there remark would indicate a landmark shift for the church here. what do we know what was behind that stamted and what it might mean? >> reporter: well, first let...