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BBCNEWS World Business Report July 7, 2024

we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. thi ....

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BBCNEWS BBC News at Ten July 7, 2024

but liz truss remains under pressure from the markets and her own mps. at a press conference in downing street, she acknowledged the market turmoil and said a rise in corporation tax would now go ahead. it is clear that parts of our mini budget went further and faster than markets were expecting. so the way we are delivering our mission right now has to change. called back from washington only to be fired the now former chancellor kwasi kwarteng in office for less than six weeks. his replacement, the former health secretary, jeremy hunt. he is the fourth uk chancellor since the summer. ~ , ., , ., summer. the prime minister has now been two planks summer. the prime minister has now been two planks of summer. the prime minister has now been two planks of her summer. the prime minister has now been two planks of her programme i summer. the prime minister has now| been two planks of her programme for government and her chancellor. the question tonight is can she ....

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CNN CNN Newsroom Live July 7, 2024

watching in the united states, and around the world, i m anna coren. this hour on cnn newsroom, we are seeing millions of people across america casting their vote in the midterms and election day is more than two weeks away. coming up, why so many are voting early this year. and former british prime minister boris johnson could be vying for his old job. ahead, why the tories may support the boris or bust campaign. we re live from london. and later the symptoms of the viral respiratory illness known as rsv that parents need to be aware of and what to do if their child has it. in just over two weeks u.s. voters will head to the polls and determine which party will control the house and senate. with so much at stake politicians have been hitting the campaign trail with urgency trying to clinch dozens of seats up for grabs. 218 seats are needed to control the house. right now it looks like republicans have a slight lead with 212 likely wins. in the senate three seat ....

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MSNBC Morning Joe July 7, 2024

regimes get started. they get started by a demagogue, an authoritarian basically demanding fealty, and not just to himself but to his version of reality. we saw that start on the afternoon of the inauguration where, you know, alternative facts about the size of the crowd became the argument the white house was making to overlook the fact that there wasn t that big a crowd, and it continues to today where people who you would think not only know better but would want to do better are siding with this outrageous and i believe probably illegal use of classified material. so it s a mystery to me, but it is a dangerous mystery that you have the republican party still enabling the fantasies and the power-rungry dreams of the former president. that was former secretary of state and former presidential candidate hillary clinton speaking with us last hour on morning joe about the case against donald trump and the hypocrisy of how republicans reacted to her emails versus his ....

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MSNBC Jose Diaz-Balart Reports July 7, 2024

russia s invasion began. today president biden is set to meet with the families of two americans detained in russia, paul whelan and brittney griner. a humanitarian crisis at the southern border, political games are being waged with human lives as we learn more about how dozens of migrants arrived in martha s vineyard and how the community is coming to their aid. the boil water advisory in jackson, mississippi is now lifted after a water crisis lasted nearly seven weeks. but will residents drink it? and we begin this friday with major developments into the investigation of classified documents recovered from donald trump s mar-a-lago estate. last night a judge in florida formally appointed new york senior district judge raymond dearie to be the special master to review the thousands of documents seized during last month s search. he was the only candidate acceptable to trump and the justice department. the judge also denied the department s request for continued ....

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