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BBCNEWS World Business Report July 7, 2024

plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large ....

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CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024

laws. a source tells cnn that mitch mcconnell has privately expressed openness to raising the age to buy them but he won t say so publicly. it won t surprise you to know that i m not going to sit here and try to negotiate the deal with all you guys. we re waiting to see if we can get an outcome that directly relates to the problem that brought the issue to the fore. daniella diaz is live on capitol hill for us. what are republicans concerned about, are there divisions among them on this issue? reporter: there is divisions about what they actually want to see on any sort of gun safety legislation that could pass through the senate. there is still the more conservative senators like senator ted cruz and ron johnson that don t want to pass any legislation and wouldn t support any sort of bill in the senate. of course there are negotiatneg, john cornyn of texas being one of them, that is trying to reach some sort of deal to get ten republicans on board to support any ....

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FOXNEWS The Big Sunday Show July 7, 2024

we will explain. nicole? top gun maverick soars to another huge win at the box-office. it is not just the film that is succeeding. the military may be able to win as well. but first, it was a very grand finale to close out four days of london festivities at the platinum jubilee honoring 70 years of queen elizabeth ii s reign with the monarch herself making a surprise appearance to cap it off. take a look. [cheers and applause] as you can see, the queen was greeted by cheers as she waved to fans from the buckingham palace balcony after the final pageant parade. she had skipped events earlier on friday and saturday after the palace reported she was feeling some discomfort. the parade was complete with a hologram of the queen early on in her reign when she was just 25 years old. that came after a more star-studded party at the palace held in her honor. the royal family was also seen sitting front row. they enjoyed the final pageant in london along with her. that s ....

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FOXNEWS Americas Newsroom July 7, 2024

one of the factors driving inflation is this nationwide labor shortage. it continues. take a look at these brand-new job numbers. a mere 128,000 added jobs to the private sector just last month. this is less than half what was expected. it marks the slowest growth since the start of the pandemic. bill: if that doesn t make you feel better this won t, either. gas prices hitting another record high, $4.71 a gallon. we have hit a daily new high almost every day over the past month. sandra: people are feeling it. president biden saying there is no near-term solution to the problem and now the head of a major american bank is forecasting disaster. it is a hurricane. right now it s sunny, things are doing fine. everyone thinks the fed can handle this. that hurricane is right out there down the road coming our way. we just don t know if it s a minor one or super storm sandy. bill: north lawn of the white house, a lot of fires to put out there. jacqui heinrich begins ou ....

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BBCNEWS Newswatch July 7, 2024

kerslake. fines, it was about. lord kerslake, just fines, it was about. lord kerslake, just want - fines, it was about. lord kerslake, just want to - kerslake, just want to interrupt, i want is a over my shoulder we can see the prime minister returning to downing street. he isjust pulling up behind us at the moment. boris johnson, should you not resign today? will you resign? borisjohnson today? will you resign? boris johnson obviously today? will you resign? borisjohnson obviouslyjust returning are not making any further comment. the presenter did apologise to her guest for interrupting the interview, but they didn t change the view of james little. now, the government s decision in 2january frees now, the government s decision in 2 january frees the now, the government s decision in 2january frees the license fee for the next two years meant the bbc had an annual shortfall of £285 million. and we discovered on thursday what savings the corporation plans in order ....

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