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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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FOXNEWS FOX Friends First July 6, 2024

speak with overnight tweeting damar hamlin suffered a cardiac arrest with a hit, a gae versus the bengals and on the field he was transferred to the uc medical center for further testing and treatment. he is currently sedated and listed in critical condition. the initial reaction of many was that they had never seen something like this before and damar hamlin briefly stood up on his own after making a tackle and before collapsing back onto the turf. now, an ambulance being brought out on the field. before he was rushed off, hamlin received cpr several minutes and many players visibly shaken and some of his teammates in tears. both teams coming together for an on-field prayer before returning to the locker rooms. again, suspended the game over an hour before the game postponed as everyone awaited updates on damar hamlin s condition. holding an nfl conference call with the decision just after midnight. players, frankly those coming to the game all traumatized. what was ....

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CNN New Day With John Berman and Brianna Keilar July 7, 2024

new charges against steve bannon this morning, welcome to viewers here in the united states and all around the world. long-time trump adviser and ally steve bannon expected to surrender to prosecutors in new york thursday to face state charges related to his fundraising effort to build a wall along the southern border. bannon allegedly defrauded donors who contributed to a we build the wall campaign. the crowd-funded border wall raised more than $25 million. according to prosecutors bannon falsely told donors that all the money contributed would go toward the construction effort. bannon in a statement calls the indictment phoney charges and a partisan political weaponization of the criminal justice system. federal prosecutors charged bannon with the same alleged crime in 2020 but president trump pardoned bannon as he was leaving office. presidential pardons do not apply to state investigations, of course. cnn s kara scannell is joining us now with the details. what s ....

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BBCNEWS World Business Report July 7, 2024

suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament s history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in washington for meetings with the pm. imf. washington for meetings with the pm. imf. they are expected to pause plans after weeks of economic crisis. people are panicked about the impact of billions of pounds of tax cuts funded by more borrowing on the u.k. s debt and on inflation and that sent government borrowing costs and mortgage rates are soaring and force the bank of england to come ....

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MSNBC Morning Joe July 7, 2024

and hurricane irma, which veered at the last second. businesses are putting plywood up on windows. this is an ice cream shot trying to inject some levity, no ice cream for ian. sandbags are on the ground to prevent flooding. that s small potatoes in terms of mandatory evacuations. pinellas county and hillsborough county have about 2.5 million people collectively. the whole tampa bay area is 3.2. 75%, 08% of the people are in two counties that have mandatory evacuations. they re looking to move a million-plus people. that process started last night, 2:00 for hillsborough, 6:00 for pinellas. but you ll see the biggest chunks of people fry trying to get out today. the topography of this area, there are bays and inlets, barrier reefs, the bay on one side, the gulf on the other. the water has nowhere to go. storm surge right now certainly the biggest concern as the projections are between 5 and ten feet. for historical context, the last time a major hurricane struck tampa ....

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