The Latest: 10/29/2025 02:59pm ET

All the latest national and international news. Topics also include finance, weather and entertainment.

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Episode Transcript

Speaker 1 (00:00):
This is your twenty four to seven use update. The
latest use this hour in just four minutes. The Federal
Reserve is lowering interest rates by a quarter percentage point.
It marks the second straight interest rate cut. The benchmark
rate is now in a range of three point seventy
five percent to four percent. The fence cut has a
trickle down effect on consumers, lowering mortgage, credit card, and

(00:23):
auto loan interest rates. President Trump is taking a victory
lap after reaching a trade deal with South Korea. It
happened during a meeting today between Trump and the South
Korean president went afterwards, Trump told reporters, we did reach
a deal. Seoul has reportedly agreed to purchase American made
planes and natural gas in return for lower tariffs. Trump
is set to meet next with China's president part of

(00:44):
his multi day Asia trip. Early voting is showing a
massive turnout for the three way New York City mayoral
race between Zoor and Mamdani, Andrew Cuomo and Curtis Sliwa.
Scott Pringle reports around three hundred thousand people have cast
ballots in the first few days of early voting. That's
a much higher number than their last A mineral race
at this time. Polster Stephen Graves of Gotham Polling says

(01:06):
that favors Independent Canada Andrew Cuomo.

Speaker 2 (01:09):
As voting turnout gets larger, people vote less to the
extremes and more to the middle. There doesn't seem to
be a lot of excitement for Andrew Cuomo, but the
reality is he's a known name and a lot of
the middle was probably more comfortable with him.

Speaker 1 (01:24):
Data shows the majority of the voter block is also
older people so far, which Graves thinks favors Cuomo. Scott
from New York. Hurricane Melissa is set to bring heavy
winds and rain that leads to flooding to the Bahamas
through tonight. Melissa brought devastating flooding to Cuba after slamming
Jamaica yesterday. Hurricane experts say Melissa is the second strongest

(01:44):
Atlantic hurricane in recorded history. The price of candy is
being affected by inflation ahead of Halloween. According to data
from the Consumer Price Index, prices are now forty five
percent higher than the previous decade, as the cost of
candy and chewing gum in the US rose by nearly
ten percent. Reports have found that chocolate prices are seventy
six percent higher than the past decade. I'm Chris Gragio.

(02:07):
TV's Doctor Phil has lost a bid to filed Chapter
eleven bankruptcy over a failed multimillion dollar deal between his
defunct media company and Trinity Broadcasting Network. Michael Kashner reports,
you can put a lipstick on a pig, but it's
still a pig.

Speaker 3 (02:21):
The federal bankruptcy judge said yesterday that he wants the
proceedings moved into Chapter seven with assets sold to cover
the debt. The judge also accused Phil mcgrav being evasive
in the hearing. The ruling comes after the trial over
the failed five hundred million dollar distribution deal, where TBN,
the world's largest Christian television broadcasting network, accused mcgrav misrepresenting

(02:43):
what he had to offer in an attempt to fleece
the company, something McGraw denied. I'm Michael Kassner.

Speaker 1 (02:49):
Jay Z is backing Bad Bunny as he prepares for
his upcoming performance at the Super Bowl halftime show. In
a comment to TMZ, the rapper told the site that
the Puerto Rican singer is more loved in the US
than some thing, saying they love them don't let them
fool you. His comment comes amid criticism from President Trump
and others who have petitioned to have George Strait replace
Bad Money as the headliner. Jay Z's Rock Nation has

(03:11):
been tasked with booking the halftime show performer since twenty nineteen.
A new study is suggesting women may need less exercise
than men to have a healthy heart. Researchers in the
UK followed over eighty five thousand adults wearing fitness trackers
for about seven years to examine how physical activity relates
to heart disease. The study found women who got out

(03:32):
for about four hours of a moderate exercise each week
lowered their risk of heart disease by about thirty percent.
It found men, however, needed about eight hours have exercised
per week to achieve the same level of heart health.
Mister t is a Hall of Famer. The iconic actor
in Chicago native was inducted this week into the Illinois
Broadcasters Association Hall of Fame. The A Team and Rocky

(03:53):
three star said he was humbled by the honor. Other
members of the Illinois Broadcasters Hall of Fame include Dick
Van Dyke, Jane Lynch, Schinoprah Winfrey of Chris Kraggio,