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BBCNEWS The Energy Crisis July 7, 2024

Crisis, i think, where we can no longerjustify letting them get away with that. While vulnerable families are pushed to the brink. Theyre raising their prices and theyjust dont understand that for us electricity is the difference between life and death. It is an Essential Need for ourfamily and our child. One, two, three, four, five. Lauren lives in birmingham with her partner sam and their two year old son arlo. Shes a Primary School teacher, and hes an illustrator. They take home just above the average Household Income of £31,000. But thats no longer enough. Petrol has gone up a lot. We are spending a lot more to get and from work now. Nursery fees have gone up. 0ur rent has gone up. And our gas and electric has gone up probably the most, hasnt it . Yes. So, a year ago we were paying about £100 a month, and now it ....

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BBCNEWS BBC News July 7, 2024

chief political correspondent nick eardley. this is another big moment, nick. another prime minister. it is this is another big moment, nick. another prime minister. this is another big moment, nick. another prime minister. it is a huge moment, joanna, another prime minister. it is a huge moment, joanna, partly another prime minister. it is a huge moment, joanna, partly because . another prime minister. it is a huge i moment, joanna, partly because rishi moment, joanna, partly because rishi sunak is someone who will come into this office with some of the biggest challenges that any prime minister in modern history has faced. i said that several weeks ago in downing street when liz truss took over but the challenges that this is scenic is going to face have only gone up over the past few week set the challenges that rishi sunak is going to face. he has to try and steady the ship economically and we have a rough idea of how he wants to do that because he has talked a ....

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MSNBC Alex Witt Reports July 7, 2024

you welcome to alex witt reports. developing this, new details of it is the government documents seized at mar-a-lago. according to new exclusive report of the wall street journal, to people in trump s inner circle are talking to the fbi about moving government documents in and out of mar-a-lago. abc news has reached out all parties were comments. we haven t heard back. another big development. the justice department annexed the federal appeals court to throw out the lawsuit challenging the seizure of the documents. they also asked to vacate the appointment of special master in the case. shut down in the georgia senate race could determine control the senate. democratic senator raphael warnock and republican candidate herschel walker coming several issues including the abortion scandal surrounding walker s campaign. georgia is a state that respects life, and i ll be the senator that protects life. and i saw that was a lie and i m not putting to him. we have senator wa ....

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BBCNEWS World Business Report July 7, 2024

hello and welcome to audiences in the uk and around the world. we begin in the us where the central bank is expected to increase interest rates by another 75 basis points today which would be the fourth consecutive increase of this size. many are hoping for signs the federal reserve may soften its approach in the months ahead with markets anticipating a 0.5% rate rise in december. so what s different within the us economy that would lead the fed to change its current course? here s michelle fleury. since march the federal chair hiked the rate by three percentage points, in so doing caused more expensive loans on everything, from houses to cars and credit cards, so far they have done so without any damaging slowdown in job have done so without any damaging slowdown injob or growth wealth creation. the trouble is there is no sign of a living rolling off with consumer prices, inflation still high at over 8% and still the fed has focused on. and until it sees inflation c ....

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MSNBC Katy Tur Reports July 7, 2024

this is on top of an announcement from another tech company in the region, micron, which said earlier this week it will spend $100 billion on a new plant in upstate new york. that is the good news that the president is trying to ride high into the midterms, which are 33 days away now. the not so good news, which republicans are seizing on, and democrats aren t too happen about either is opec plus s announcement to cut oil production, led by saudi arabia and russia. the cartel is taking 2 million barrels off the market a day, starting in november. that s 2% of the global oil production. now, while the united states is somewhat shielded from a price increase, because the white house has been tapping into the country s strategic oil reserves, the rest of the world is not, and prices are already climbing. beyond prices though, there is also political fallout, as we told you yesterday, the cut in production could have the effect of helping russia fund its war in ukraine. neu ....

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