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Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve ent...

let's start here in the uk, where in just over an hour's time the latest inflation figures for april will be released. many analysts are expecting the rate to hit 9% for last month, which will mean the prices remain at their highest level in three decades. the bank of england has warned inflation could hit 10% within months, as the price of fuel and food puts pressure on household budgets. bbc�*s consumer affairs correspondent colletta smith has more on the impact rising prices is having on daily lives. shopping is like ten or more a week, more expensive, shopping is like ten or mo...

Europe. as we said at the start it's very easy to have _ europe. as we said at the start it's very easy to have a - it's very easy to have a collective well to reduce dependency on russia, we know countries like hungary say that's just not possible they are not ready to back that embargo entirely, a lot of this will be about backing countries with fewer resources to throw effort and research into renewables?— effort and research into renewables? well, i think maintaining _ renewables? well, i think maintaining the _ renewables? well, i think maintaining the european | renewables? well, i thi...

Of panicked phone calls. >> it'sry deck lus, tax season started a month early. you know, usually in the month of december we're going on vacation, we're taking it easy. >> if not this year, he hasn't his team are spending their time explaining the new law. >> it means something for every ting i single person a. tax bill was to simplify things, it hasn't. >> reporter: many taxpayers realize the change won't be a factor. they'll see the full impact come 2019, for anyone looking to make pre payments on property tacks, they need to check in with the tax collector in their home towns, in mont clair...

Pope francis today offered some of the most conciliatory comments. speaking with journalist on the plane back to rome after his week long trip to brazil he said gay priests should not be judged or marginalized. anne thompson was one of the journalists on that plane. he was open with the discussion he had with you and other journalist. there remark would indicate a landmark shift for the church here. what do we know what was behind that stamted and what it might mean? >> reporter: well, first let me put in some context for you, richard. this was part of an hour and 20-minute press conference. t...