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Transcripts For BBCNEWS Business Today 20240920

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 ....

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Transcripts For BBCNEWS Business 20240703

Tokmak june is not a Fait Accompli, or ruled out. Well, a cut in Interest Rates this summer would be welcomed by the government here in the uk which will have to call a general election by the end of the year. But the uks finance minister, chancellor of the exchequerjeremy hunt, says the decision is for the Bank Of England to make and must be independent. These are really finely balanced decisions, but i welcome the fact the Bank Of England has obviously thought about this very hard. They take this decision independently. And i would much rather that they waited until they were absolutely sure inflation is on a downward trajectory than rushed into a decision that they had to reverse at a later stage. What we want is sustainably low
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Transcripts For BBCNEWS Verified 20240703

Investors to rethink how they value the company and shares have lost more than 40 of their value so far this year so we can now get the latest with eric delmore in new york erin. There is a big question about whether tesla is a car company or a tech company . Or a tech company . Exactly, it is the reversal or a tech company . Exactly, it is the reversal from or a tech company . Exactly, it is the reversal from what or a tech company . Exactly, it is the reversal from what we or a tech company . Exactly, it is the reversal from what we used l or a tech company . Exactly, it is. The reversal from what we used to see from tesla because the questions used to circle around whether they could make enough cars to meet demand but now the question is more like, are there enough people who want to buy them . It has been a tough yearfor them want to buy them . It has been a tough year for them with shares down more than 40 and this reflects what the company has had to weather, competition from ch ....

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