Morning Wire Biden’s Post-Election Address & Federal Reserve Cuts Rates | Afternoon Update | 11.7.24
Nov 7, 2024
President Biden delivers a unifying post-election address, emphasizing a peaceful transition of power. The podcast digs into political reactions, including thoughts from a Hamas official. Economic shifts are highlighted as the Federal Reserve announces interest rate cuts. Discussions also include pressing issues at the U.S. border, reflecting on current immigration challenges. This update wraps the day with crucial insights for listeners.
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Biden Addresses Nation
- President Biden addressed the nation, congratulating Trump and promising a peaceful transition.
- He emphasized national unity and the integrity of the election.
Migrant Surge at Border
- Illegal immigrants are crossing the border in increased numbers following Trump's victory.
- Over 100 migrants, including families and children, were intercepted in Eagle Pass, Texas.
Federal Reserve Cuts Rates
- The Federal Reserve cut interest rates by a quarter point to 4.5-4.75%.
- This is the second cut as they balance inflation and job support.