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BBCNEWS World July 5, 2024

the price of oil on international markets is not high enough for them. oil and energy leaders are gathering again today in vienna for the latest opec summit. the biggest and most powerful player saudi arabia started this week with the news it s extending its voluntary output cut of1 million barrels per day to august. russia is making a similar move. but these cuts are failing to boost energy prices. why? jonathan robinsonjoins me now to explain he is global power & energy research director at frost and sullivan. just talk us through our oil is at the moment. just talk us through our oil is at the moment. oil, despite the cuts in production, at the moment. oil, despite the cuts in production, oil at the moment. oil, despite the cuts in production, oil prices- cuts in production, oil prices have stayed relatively low in what we have seen historically in the past year, 1.5 years. there are a few specific reasons for that. chinese demand, industrial out would, incre ....

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MSNBCW The July 5, 2024

then, donald trump lashing out after a court appointed monitor found more deficiencies in his company s finances. and, president biden s next move in response to the attack that killed three american soldiers. a remembrance of their service and sacrifice, as the 11th hour gets underway on this tuesday night. good evening once again, i m stephanie ruhle. good to be back here at msnbc headquarters in new york city. right now, house republicans are moving forward with their push to impeach a sitting member of president biden s cabinet. their target, homeland security secretary alejandro mayorkas, who they say has failed to secure the southern border. house republicans accuse him of refusing to enforce federal immigration laws and blocking oversight of dhs. keep in mind, this is happening even as many of those same republicans are openly opposing a bipartisan border security security bill that has been negotiated in the senate. that bill would also unlock money for ukra ....

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MSNBCW Chris July 5, 2024

it s good to be back with you on this second hour. at this hour, president biden s critical next move. he says he has decided on the u.s. response to the drone attack that killed three u.s. soldiers in jordan but what it is, where, and when, he isn t revealing. plus, cori bush confirming she is the target of a justice department probe over her campaign spending. what we know this hour live from washington. plus, homeland security secretary under the microscope as house republicans hold another meeting moving closer to impeachment. our reporters are following all of the latest developments. let s start with keir simons now. president biden has made his decision clear. at least that he s made the decision clear, but what he s going to do against iran is an ongoing question. what s the latest, keir? secretary of state blinken not saying when the response from the u.s. might come, but saying it would likely be sustained over time, multilevel and could come in stages. as ....

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BBCNEWS The July 5, 2024

a $54 billion aid package for ukraine has finally been approved after being held up for months because of objections from hungary. the deal comes as us military aid for ukraine the largest provider of military support for kyiv is being held up by congress. police are searching for a man who s believed to have thrown a corrosive substance at two young children and their mother in south london last night. they re searching for 35 year old abdul ezedi from newcastle he is thought to have significant burns to his face caused by the substance. we begin tonight as us officials say plans have been approved for a series of strikes against iranian personnel and facilities in iraq and syria but not in iran itself. they told cbs news that the action would be carried out over a number of days. washington has been preparing to hit back at iran backed militias after three us troops were killed in a drone strike injordan. here s our chief international correspondent lyse douce ....

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BBCNEWS World July 5, 2024

here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will r ....

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