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A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new all time highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied ....
And he s been an unbelievable lieutenant governor, mark robinson. But you know, i heard him coming in on the plane, i was listening and i said to the people on the plane, watch this. This is martin luther king on steroids. So much love there for north carolina candidate for governor mark robinson. Now robinson s bombshell porn website scandal, which he denies, could sink trump s chances of winning that critical state. Also tonight, election day is november 5th, but for maga it is all about january 6th and getting trump s foot soldiers in place to challenge a kamala harris victory. Plus, president biden was celebrating the amazing success of bidenomics today. Inflation is down, and against all odds a recession has been averted, which republicans are for some reason unhappy about. We begin tonight in north carolina where cnn is reporting shocking new details about the current lieutenant governor, mark robinson, who is the republican nominee for governor. Cnn unearthed deeply disturbing a ....
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 than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has deli ....