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
Us wind and fog might not be the ideal time but outdoor seating will serve as an important way to accommodate more customers once they are allowed back inside. Into our capacity will be reduced because restaurants will have to space customers out to allow for social distancing. Thats the whole point of outside dining. If we can make it work we will add back all that capacity. That is the exciting component for me. I think it will invigorate the city if we can make this happen. Mayor london breed made the most of reopening herself visiting the bayview for a late lunch. The mayor hears and understands that restaurants and other businesses want to return to normal but says it will take time. Now that the state has its own policies in place, we cannot move faster than they can unless we receive a variance. We have made some requests so we can get some things open sooner than later. Right now the target date for allowing restaurants to reopen their dining rooms is set for july 13. Ktvu fox2
Are hoping to better understand the virus and how to ease restrictions here. And make use of land discrimination israel is said to have been boxing in palestinians and densely Populated Areas for decades. And unsporting premier league clubs say no to resuming the season at a neutral venue the league is now in talks with the u. K. Government about teams using their own state. Its been a deadly day in afghanistan with 2 attacks one on a hospital and another on a funeral a suicide bomber is believed to have set off an explosion among mourners and province thats in the east at least 21 people were killed that 55 injured and a hospital in the capital kabul has also been targeted 14 people died there including 2 newborn babies alexia brian reports. Ambulances and the military raced to the scene of an attack on some of afghanistans most vulnerable. Gunman storming a hospital compound in the capital kabul with the Aid Organization Doctors Without Borders from a maternity clinic new mothers and
A new economic package to help businesses and farmers. And newborn babies are among dozens killed in 2 separate attacks in afghanistan the taliban denies any involvement. To me a person spokesman is the latest senior russian official to construct the coronavirus as the number of infections surges to the 2nd largest world why. Should it be postal voting only for the us president ial election in november a political battle intensifies after dozens of covert 19 cases linked to a primary held last month. I did a member of the u. S. Coronavirus task force is calling on states not to rush to ease restrictions Dr Anthony Fauci has warned of serious consequences including needless death is among the experts testifying before senators theyre reviewing the trumpet ministrations handling of the pandemic and discussing plans to lift lockdowns but he said that ignoring guidelines could trigger an outbreak that states may be unable to control. Well lets go live to our White House Correspondent Kimbe
For global availability if we have more than one successful candidate we also as the chairman mentioned will be producing that scene at risk which means well be investigating considerable resources in developing doses even before we note any given candidate candidates work i must warn you it is also the possibility of negative consequences for certain that seems can actually enhance that negative effect of the infection the big unknown is efficacy will it be present for absence and how durable will it be and finally i want to mention the n. R. A. Has launched a Public Private partnership called accelerating covert 19 their reputed interventions and vaccines the purpose of that is to prioritize and accelerate clinical evaluation of therapeutic candidates with near term potential hopefully our Research Efforts together with the other public. Efforts to get us quickly to an end to this terrible deal that we are all going through thank you very much happy to answer questions later. Thank y