This is WBZ, Boston's news radio.
We defining local news fifty degrees in Boston at four o'clock. Good afternoon. I'm Ben Parker. Here's what's happening. The Federal Reserve lowers interest rates today by a quarter point. That should be good news, but they also said a little bit about what might be coming up next year that didn't amount to good news. In fact, really bad news. Tracy Jonki joins us from Bloomberg. The market's just closed and not a moment too soon.
Yeah, the bolster really took his reaction to the Fed to extremes. Here band the Dow dropping one thousand, one hundred and twenty three points two and a half percent, the NASDAK sank seven hundred and sixteen points, the SMP down one seventy nine. And as you said, it's not the quarter percent rate cut today that investors objected to, but a new FED inflation prediction two point five percent next year, which would give the Fed cover for not
cutting much in twenty twenty five. His own forecast says perhaps only two cuts all year.
Ben, all right, something to watch, and we of course will be doing that here on WBZ. Keep it tuned. Here for the latest updates on your money and also streaming on the iHeartRadio app. We are following some breaking news out of Pennsylvania right now. Luigi Mangioni has waived extradition and could be returned to New York to face charges as early as tomorrow. He is accused of gunning down United Healthcare CEO Brian Thompson on a sidewalk in
Manhattan earlier this month. A judge in Pennsylvania must accept the waiver. Mangioni also has a hearing set for tomorrow on the charges that he faces in Pennsylvania after he was arrested at a McDonald's in Altoona. Yesterday. Grand Jury and New York upgraded charges against Mangoni to include first green murder as an act of terrorism. He's facing a number of other charges in New York as well. TikTok will get a day in court the US Supreme Court.
We'll hear arguments next month over the constitutionality of a federal law that could ban TikTok in the un US if its Chinese parent company doesn't sell it. Arguments will be heard on January tenth about whether the law restricts speech in violation of the First Amendment. The law was enacted in April. It's set for a deadline of January nineteenth. It is unclear how quickly, though, the High Court might
issue a decision on this. House Ethics Committee reportedly voting to release a report on former Florida Congressman Matt Gates. ABC's Stephen Portnoy with more.
The decision is a reversal for the Ethics Panel, which last month voted not to release the report since Matt Gates is no longer a member of Congress. The Florida Republican blasted the move online, saying he's been given no
opportunity to debate or rebut the report's conclusions. Gates resigned to pursue a post as Attorney General in the next Trump administration, but his nomination was sunk amid word that the Ethics Committee found credible the allegations that Gates attended drug fueled parties and had sex with minors.
The Gates has denied the allegations against him, and today responded. He says I was charged with nothing fully exonerated, not even a campaign finance violation. The people investigating me hated me. Congressional leaders have released a short term government funding bill to avert a shutdown at the end of the week.
The White House is urging Congress to pass the short term funding bill, known as a Continuing Resolution or CR, to keep the government open. The measure would fund the government through March fourteenth, twenty twenty five, at current spending levels and avert a shutdown at the end of Friday. A White House budget spokesperson says the bill also delivers urgently needed disaster relief one hundred billion dollars and fulfills
the administration's request from November. Karen Travers ABC News Washington.
Clouds tonight, rain tonight and then ending by sometime early tomorrow morning. So we'll say in the early morning hours the rain pushes out, the skies eventually start to clear tomorrow. Temperatures overnight in the upper thirties, mid forties. Tomorrow we will break out some sunshine. Once we push out the clouds, it will become cloudy again though. Tomorrow night a low of twenty nine and then clouds. On Friday, a couple of snow showers around the south coast k Islands could
get in on. A couple of rain showers temperatures primarily in the mid to upper thirties, maybe a couple of forties around, and then on Saturday, no forties around will be thirty for the high temperature, with a couple of lingering flurries and some peaks of sunshine. Sunday really cold. We'll struggle to get out of the teens in some places, low twenties downtown for high temperatures fifty degrees Right now in Boston, is it Christmas season or growing season? The
answer is yes. Wbc'shileshaffle tells us despite being almost winter, some local farms are still growing crops.
It's a week till Christmas and fresh fields of green might be farm from your mind, but the people at Langwater Farm are still picking things even in winter. Greenhouse manager Jake drove me out to see what's still in season.
And this is just a late kale planting that we're still harvesting from.
As it turns out, with a little assistance, kale can live out here all winter. A couple hundred feet away, they're racing to pick the last of the spinach before a brutal round of cold weather.
I mean, we've wailed on this pretty hard already, but there's still plenty of good leads.
The winter crops here get put in storage and help keep the farm afloat throughout the winter. He says these crops actually taste sweeter after the cold, and growing at this time of year is also partly ideology.
Philosophically, it's kind of important. I mean, we try to promote local food systems, and so we want to be able to provide people with food year round.
Kyle Schaffel to be Busy Boston's News Radio from Christmas Trees to the Ocean State.
Ocean State job Lot announces it's taking over a third former Christmas Tree shops in Massachusetts. CBS News Boston reports the Rhode Island based discount retail chain will open its fifty third Massachusetts store in North Attleborough after they bought the Cumberland Crossing shopping center. A promitting Boston official the latest critic of a proposal to renovate White Stadium more from WBC's James Rohasta.
Counselor Ed Flynn says the proposal needs to be canceled. He cites the growing costs of the White Stadium renovation project, currently sitting at ninety one million dollars BPS. Superintendent Mary Skipper hasn't seen Flynn's steainmen, but says the current proposal offers women and young athletes a unique opportunity to.
Know that we're going to have a state of the art pro soccer stadium in that they are going to stay invested with us in the BPS for our athletes.
Those are just all.
Things that our kids need and they've needed for a long time, and so we really welcome that opportunity and hope that fundamentally we can all support it so that our kids get what they need.
Counselor Flynn says the city should work together with residents and stakeholders to provide the best option. JP James Rojas, WBZ Boston's News Radio.
You are now in the loop for news updates throughout the day. Listen to WBZ news Radio on the iHeartRadio app. I'm Ben Parker, WBZ Boston's News Radio