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Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger ....
Its a good steppingstone. Jericka and Tonights Eye on america. The new neighborhoods popping up with plenty of houses, but none for sale. Well explain. This is just the perfect inbetween for us. Jericka the Cbs Evening news starts now. Good evening. Im Jericka Duncan in tonight for norah. We begin with the growing tensions in the Middle East following those exploding Pager And Walkietalkie attacks in lebanon. The highly unusual attacks targeting the Terror Group Hezbollah killing at least 37 people and leaving thousands wounded. Tonight, israel says it struck hundreds of Hezbollah Rocke ....
Hello, im azadeh moshiri. We start this hour with the latest on the electronic Pager Explosions in lebanon. Multiple reports say that israels mossad Spy Agency placed explosives in thousands of hezbollah pagers, before they detonated across lebanon on tuesday. So far, Israel Hasnt commented. The united states and the us im have called for calm and the russian Foreign Ministry said the aim of the attack was to provoke a big war, and there was, in the Middle East. 11 people have died and almost 3000 people were wounded. Lebanon says hundreds are in a critical condition in hospital. Some were blinded. 0thers lost fingers all required amputations. Separately, israeli and us sources say israel detonated the pagers earlie ....