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I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us ec ....
We will have more on all of those stories coming up. First, lets cross and catch up with the sport headlines. Sarah mulkerrins is there. Matthew, good evening. Lets start at the cricket at trent bridge, where australia are Chasing 316 to beat england in the first of five one day internationals. England won the toss and decided to bat with Ben Duckettjustifying his elevation to opener with 95 off 91 balls. He set up a good platform, didnt get to his century, with groans around the ground when he fell to marnus labuschange. England then failed to really capitalise on that platform they lost the last eight wickets for 102 runs, all out for 315. It is australia at the crease despite losing mitchell marsh, Travis Head is leading the Way And Hasjust reached his half cen ....