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FOXNEWS The Journal Editorial Report June 4, 2024 20:03:00

That from democrats like lisbeth warren and others warning powell and the fed could put the economy in the drink. what is your response to that? quite astonishing watching the media frame this suggesting we had seen this dramatic fall in inflation. what powell is saying is what everyone can see, inflation is still running at 7% increase, core is well above 6 going seen modest changes but we are a long way from the 2% which is the benchmark the fed is usually trying to get and so yes, you are going to see a ferocious lobbying campaign by democratic senators in particular to try to get the fed to pull back because they don t want to get landed with a recession but the fed is exercising the only tools it can do to get things under control. the administration is refusing to do anything to help the supply-side that might get this fixed faster. paul: thank you. ....

Federal Reserve , Lisbeth Warren , Paul Gigot , Biden Administration , Supply Side ,

BBCNEWS BBC World News June 4, 2024 05:24:00

Huge turnout of football fans has transformed the city into a major tourism hub the world cup. compared to qatar, dubai offers a relatively relaxed atmosphere in terms of western norms, whether it s easy access to alcohol, sunbathing at the beach orjust to alcohol, sunbathing at the beach or just the to alcohol, sunbathing at the beach orjust the lively nightlife and apart from all these reasons, the fact that doha isjust these reasons, the fact that doha is just an these reasons, the fact that doha isjust an hour away these reasons, the fact that doha is just an hour away from nearby flight made dubai an attractive destination for many fans coming down to watch the world cup. the tournament has also assured the holiday season early for businesses across the board. the hospitality sector which suffered due to the pandemic has seen a huge surge in bookings. luxury hotel the five palm has been running at more than 90% occupancy ever since the football event began. i think it s fair to gi ....

Football Fans , World Cup , Tourism Hub , Beach Orjust , Doha Isjust , Hospitality Sector , Holiday Season , Your Business , Football Event ,

CNN CNN This Morning June 4, 2024 11:47:00

For years and find the goal posts were further away than when you started. airlines are missing the mark here. i hope they listen to the consumer and think about the decisions they re making at the top level. reporter: consumer advocates point out there are big winners and losers here. the winners are those with high status already, airline credit cards. the losers are those right on the cusp of earning status. one of the latest airlines to change the loyalty program, american airlines will make it harder to achieve gold status starting in march. it ll be 40,000 points as the benchmark, it was 30,000 points that makes it harder to get things like free upgrades and checked bags. those 10,000 points make the difference pete as you know. thank you so much. just in this morning, ukrainian president zelenskyy, this is so notable. he asked the world cup to share a message of peace this weekend at the final. he was rejected. we ll tell you what the ....

American Airlines , Goal Posts , Credit Cards , Loyalty Program , Earning Status , Volodymyr Zelenskyy , World Cup ,

MSNBC Way Too Early With Jonathan Lemire June 4, 2024 10:40:00

The central bank yesterday boosted the benchmark to 4.5% reaching the highest level in 15 years. the fed also signalled plans to continue to lift rates through the spring. in a statement, chair jerome powell said he thinks higher rates are still needed to tame inflation. joining us now to talk about it is u.s. economics editor for the financial times, colby smith. great to see you again. let s talk about the decision yesterday. the new phase the banks are in and how do we anticipate the fed s latest increase impacting every day americans? wave seen some slowing as the fed has ratcheted up borrowing costs over the course of the year. but those take time to filter through the economy and actually have an impact. and change consumer behavior, you know, get businesses to kind of curtail investment or hiring. ....

Chair Jerome Powell , Federal Reserve , Central Bank , 4 5 , U S , Colby Smith , Financial Times , Consumer Behavior , Borrowing Costs ,