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BBCNEWS World Business Report July 7, 2024

officials at the united state s central bank think inflation is going to remain uncomfortably high in america for some time. that s according to the minutes of the last fed meeting where monetary policy is set. the bbc s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that means everyone should expect more interest rate rises as well. the committee height interest rates by three quarters of a percentage point last month, another rate hike in september seems almost certain. the only question is by how much? the minutes show at least some on the committee thank that their efforts to tame inflation may be starting to have some effect. based on the market response th ....

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FOXNEWS FOX Friends First July 7, 2024

joe manchin the fallout has been brutal. it s unfortunate that one man can kill legislation that would save our planet and save our world. todd: is not joe manchin anymore. all of a sudden, i m calling lucy from peanuts lucy manch manchin. all it is about the football down over and over and as soon as charlie brown, like his whole democratic team comes to kick the ball, he picks it up and labs. carley: quiz, good morning. lucy in the football, the third criticism. look, this was not over campaign promise of joe biden to combat climate change and today, the president will travel to massachusetts as you mention, todd, to announce new steps but he will stop short of declaring a national emergency. i would not plan a announcement this week on national climate emergency. again, everything is on the table. it s just not going to be this week on the decision. now, the trip comes as negotiations over a climate bill collapsed in the senate after joe manchin tacked ....

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BBCNEWS BBC News July 7, 2024

and iceland s version of a sound and light show the volcano spewing out lava and molten rock, that s become a hit with tourists. hello, thank you forjoining us. the inflation reduction act may not sound like a landmark in us energy policy but democrats in the senate have just passed a bill designed to reduce greenhouse gas emissions, with $430 billion committed to cleaner energy. it s taken a year and a half of intense wrangling and much resistance to get here, hence the tears ofjoy amongst some democrats in the senate. republicans had tried to derail the legislation saying it would undermine economic growth. but the passing of the bill, which also contains measures to reduce the price of healthcare and introduce new taxes for business, is being seen as a triumph for president biden. here s senate majority leader, chuck schumer. our bill reduces inflation, lowers costs, creates millions of manufacturing jobs, enhances our energy security, and is the boldest climate pa ....

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BBCNEWS BBC News July 7, 2024

borisjoohnson as the uk s next prime minister and leader of the conservative party. in france they re calling it a heat apocalypse . across much of europe excessively high temperatures, wildfires and now water shortages are having a devastating impact. northern spain has reached 43 degrees, and it s predicted the uk could see record temperatures on tuesday. we ll have more on that and the role of climate change in a moment. but nowhere has been more affected than south west france where 30,000 people have been moved out of their homes for their own safety, as large areas of forest have been burned out. jessica parker has our first report. into the forest and the front line of an exhausting battle, one that, today, we were able to witness. up in the woods, you can see guys tackling the fires. there s a huge amount of activity down here, and it is hot, it is smoky just look at the haze in the trees. the smoke thickens the further in we go the flames suddenly all too ....

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CNN Don Lemon Tonight July 7, 2024

expect tomorrow. cnn has learned that january six committee is planning to zero in on a key link. the extremist groups ties to trump associates, roger stone and michael flynn. the hearing comes as another key trump ally, steve bannon, is changing his tune. telling the committee, he would be willing to testify but only in a live public setting. it s a move prosecutors believe as a stunt to try and wiggle out from his criminal contempt charges but a federal judge on monday declined his request to postpone his trial for next week. i expect we ll be hearing from him and there are many questions that we have for him. the committee has already revealed a bevy of new information. among the biggest headlines, that trump and his allies were made fully aware that there was no evidence the election was stolen. i don t think it was happening was honest or professional. trump knew he lost election but kept telling the supporters he won. without evidence to back it up. that ....

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