Big Interest Rate Cut, More Devices Explode & Mr. Beast Sued - Thursday, September 19, 2024
The NewsWorthy
Erica Mandy
4.7 • 1.3K Ratings
🗓️ 19 September 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
The news to know for Thursday, September 19, 2024!
We'll tell you about the Federal Reserve's big interest rate cut this week, and what the central bank is watching for next.
Also, why a major labor union said it will not endorse either presidential candidate.
Plus, what's changed about how you can now renew your passport, why contestants from Mr. Beast's new reality show are suing him, and what caused the earth to shake for nine days...
Those stories and even more news to know in about 10 minutes!
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Transcript
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| 0:00.0 | Today is Thursday, September 19th. |
| 0:02.3 | We'll tell you about the Federal Reserve's big interest rate cut this week and what the |
| 0:05.6 | Central Bank is watching for next. |
| 0:08.0 | Also why a major labor union said it will not endorse either presidential candidate. |
| 0:13.2 | Plus, what's changed about how you can renew your passport? |
| 0:16.1 | Why contestants of Mr Beast's new reality show |
| 0:18.8 | are suing him and what caused the earth to shake for nine days. |
| 0:23.1 | Those stories and even more news to know today coming up. |
| 0:28.1 | Welcome, welcome to the newsworthy. |
| 0:30.2 | All the days news in around 10 minutes. |
| 0:32.4 | Fast, fair, fun, and on the go. |
| 0:35.0 | I'm Erica Mandy. |
| 0:36.0 | Thanks so much for being here. |
| 0:37.5 | You're ready? |
| 0:38.5 | Let's do this. |
| 0:45.9 | The Federal Reserve took a more unusual and aggressive approach lowering the key interest rate by a half percentage point in its first rate cut in |
| 0:50.3 | four years. It brings rates to about 4.9%, down from a more than two decade high. |
| 0:56.4 | This week's decisions show Central bankers think they've made enough progress bringing |
| 0:59.8 | down inflation, getting it to move toward their 2% goal and are now actually trying to |
| 1:04.8 | prevent the job market from weakening further. The Fed has been watching the |
| 1:09.2 | recent uptick in the unemployment rate but for now indicated the economy is |
| 1:13.0 | mostly strong. The decrease in the rate should provide some quick relief to |
... |
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