Latest / Early Edition with Ryan Bridge / Benji Hyer: US Correspondent on the pager and walkie talkie explosions of Hezbollah devices in Lebanon

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Benji Hyer: US Correspondent on the pager and walkie talkie explosions of Hezbollah devices in Lebanon · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Big story today. The US Vigual Reserve going to lower
• 0:02
  Speaker 1: interest rates inside the next half hour. Bingji higher as
• 0:05
  Speaker 1: with US our US correspondent Binji.
• 0:07
  Speaker 2: What are they picking, Well, we don't know yet, but
• 0:10
  Speaker 2: it's going to be lower than what it was, which
• 0:13
  Speaker 2: has been a very high level, the highest in decades
• 0:17
  Speaker 2: five points three percent. It's been hovering around and it's
• 0:20
  Speaker 2: going to drop. And it's going to drop because the
• 0:23
  Speaker 2: inflation numbers have improved so drastically in the United States. Now,
• 0:28
  Speaker 2: this is a crucial announcement both in the United States
• 0:31
  Speaker 2: but also around the world. We'll take the US first.
• 0:34
  Speaker 2: It is the last time that America's Central Bank will
• 0:38
  Speaker 2: be able to make a change to the interest rate
• 0:41
  Speaker 2: to burring costs before November's election between Kamala Harris and
• 0:45
  Speaker 2: Donald Trump. And this of course an indication that the
• 0:48
  Speaker 2: economy from the inflation front, which has been a big
• 0:51
  Speaker 2: issue in this election, is improving. That is a boost
• 0:55
  Speaker 2: then for the vice president, but of course still a
• 0:57
  Speaker 2: few weeks to go to find out what sort of
• 1:00
  Speaker 2: it might have on growth, which of course could play
• 1:03
  Speaker 2: into the hands potentially of former President Donald Trump. The
• 1:06
  Speaker 2: reason this matter is beyond these shores even though of
• 1:10
  Speaker 2: course it is Americans who will be most affected by
• 1:12
  Speaker 2: the Church change, is that there are central banks the
• 1:15
  Speaker 2: world over that are tied to the dollar, and so
• 1:18
  Speaker 2: their economies will be impacted too. And lower interest rates,
• 1:22
  Speaker 2: which we think will be the outcome when the decision
• 1:25
  Speaker 2: is made very shortly, will also affect how investors across
• 1:30
  Speaker 2: the planet will invest in, you know, for example, stocks
• 1:35
  Speaker 2: over savings accounts. So this is a significant decision and
• 1:39
  Speaker 2: we think it will be lowered by probably quarter percent,
• 1:42
  Speaker 2: maybe even half a percent. And again, as I say
• 1:45
  Speaker 2: the last time that that would happen before Americans go
• 1:47
  Speaker 2: to the polls.
• 1:47
  Speaker 1: Yeah, we're going to check in with Mike Jones, BE
• 1:49
  Speaker 1: and Z chief economists and just a stick and on
• 1:51
  Speaker 1: what that rate cut over in the States might mean
• 1:53
  Speaker 1: for us here. Very quickly though the White House were
• 1:56
  Speaker 1: they aware of it's allegedly is Rael behind the attack
• 2:01
  Speaker 1: on his the pages? Did the White House known advance?
• 2:04
  Speaker 2: They said not, And that even more remarkable given the
• 2:07
  Speaker 2: fact that one of the Biden administration's senior advisors has
• 2:12
  Speaker 2: been in the Middle East trying to sort of cease
• 2:15
  Speaker 2: fire for Gaza. That is an addition to the U
• 2:17
  Speaker 2: S Secretary of State Anthony Blincoln, who's in Egypt again,
• 2:21
  Speaker 2: holding tours, none talks, None of them were made aware.
• 2:24
  Speaker 2: There was a very brief phone call between Israel's defense
• 2:27
  Speaker 2: secretary and America's Defense Secretary, Lloyd Austin, literally minutes before
• 2:32
  Speaker 2: those pages started exploding, and in it Israel, we're told
• 2:37
  Speaker 2: explained to the United States that they will be conducting
• 2:39
  Speaker 2: an operation in Lebanon soon, but no details were shared.
• 2:43
  Speaker 2: And of course there had been developments in past hours
• 2:45
  Speaker 2: two where there had been even more explosions, this time
• 2:48
  Speaker 2: of walky talkies across the country. So clearly still not
• 2:52
  Speaker 2: the end of that.
• 2:53
  Speaker 1: Story, absolutely, Binji, thank you for that, Binji, Hi are
• 2:56
  Speaker 1: US correspondent just gone?
• 2:58
  Speaker 2: For more from news talks, it'd be listen live on
• 3:01
  Speaker 2: air or online and keep
• 3:02
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• 3:05
  Speaker 1: on iHeartRadio.