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The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history.The move would come despite a strong US economy. But some cracks are beginning to show: The global economy is softening, American manufacturing is slowing, and the global trade war isn't helping matters.But a potential rate cut would also follow months of pressure from President Donald Trump, who has broken with his predecessors' practice of walling off the central bank from politics.Jerome Powell, the chairman of the world's most influential central bank, has repeatedly pledged to follow economic data, and policymakers have become increasingly worried that uncertainty, caused in part by the President's trade wars with China and other countries, will hamper global growth and dampen investment."We are carefully monitoring these developments and assessing their implications for the US economic outlook and inflation, and will act as appropriate to sustain the expansion," Powell reiterated in remarks delivered at a French government conference in Paris on July 16.Even before the central bank signaled the possibility last month, investors had already priced in a reduction in the federal funds rate, which influences the cost of mortgages, credits cards and other borrowing. Those expectations piled on additional pressure on the Fed to move at this week's meeting to avoid rattling markets with an abrupt change in course.The Fed chairman has brushed off such pressures -- political or otherwise -- arguing the Fed is "insulated" from such demands as an independent institution outside of the control of the White House and whose decisions are informed by incoming economic data.The Fed last raised rates in December but has backed off plans for further tightening.In June, Powell began to make the case that the Fed, like other central banks, around the world needed to act earlier to get ahead of any economic weakness especially given how low interest rates currently are -- a reversal from his previous stance."If you see weakness, it's better to come in earlier rather than later," Powell said at an appearance before the Council on Foreign Relations in New York. "I think most central banks would want to act preemptively and let a downturn gather steam, in a sense, the thought being an ounce of prevention is worth a pound of cure."That message has been echoed by other top officials, including Federal Reserve Bank President William Dudley.Efforts by the Fed to prevent an economic downturn is unlikely to win a reprieve from the White House. A day before policymakers were set to gather for their two-day interest-setting meeting in Washington this week, Trump chastised the Fed for making "all the wrong moves," adding, "a small rate cut is not enough."Trump has kept up a year-long relentless attacks against the Fed, often lamenting he regrets appointing Powell for the role, and going so far as to threaten to fire him. He's called the central bank his "biggest threat" and accused them of behaving like a "stubborn child" for refusing to cut rates and keeping credit too tight.It will be up to Powell during his now-routine press conference to justify the decision to plow ahead with a rate cut given some prevailing strength in the economy. Since their last meeting in June, the data has consistently surprised to the upside with stronger-than-expected job gains, retail sales and economic growth in the second quarter.Wall Street analysts also suggest Friday's upcoming jobs numbers will also be an important economic milestone that will determine whether a further rate hike may be coming as early as September as some anticipate."Expect an overall strong report, eroding the case for further cuts, but given the strong easing bias of Fed leaders, much depends on exactly how strong the report is and how they adjust their messaging in response," Josh Wright, iCIMS' chief economist and former Fed staffer said. "'One and done' still seems like an economically justifiable outcome." 4095

The biggest shopping holiday of the year, Black Friday, is mere weeks away, and many retailers are gearing up for a shortened holiday shopping season.Because Thanksgiving will be on the latest possible day, Nov. 28, there will only be 26 shopping days between Thanksgiving and Christmas. There were 32 such days in 2018. Because of the compressed holiday shopping season, this could be a busier-than-usual Black Friday.Although many large retailers are now expected to be open on Thanksgiving evening, in recent years, the trend of stores opening even earlier on Thanksgiving has subsided. That means customers should be able to have time to eat some turkey before getting in line to score big deals.At some retailers, customers were able to shop all night after Thanksgiving and into the morning on Black Friday at some retailers. Old Navy and Kohl's are among a handful of retailers that will remain open all night. Target, Sears and Best Buy are among a number of retailers that will close for a few hours and reopen early on Black Friday. 1055

The death of an 8-year-old Guatemalan boy who died while in United States custody was caused by complications from the flu and a bacterial infection, the Central American country's foreign ministry said.Felipe Gómez Alonzo died of Influenza B complicated by a staph bacteria infection that led to sepsis, the Guatemalan Foreign Ministry said.Marta Larra, the ministry's spokeswoman, said Guatemalan officials received an autopsy report on Monday.Influenza B is among the viruses that cause seasonal epidemics most winters in the United States, according to the Centers for Disease Control and Prevention.The New Mexico Office of the Medical Investigator said it has not finalized its autopsy report on Felipe's death, said Alexandra Sanchez, the office's spokeswoman.The office had said Felipe tested positive for Influenza B but a cause of death had not been determined at the time.CNN has reached out to US Customs and Border Protection for comment.The boy died on Christmas Eve at Gerald Champion Regional Medical Center in Alamogordo, New Mexico, about 90 miles north of the border crossing in El Paso, Texas.He was detained with his father for illegal entry about 3 miles west of the Paso del Norte port of entry in El Paso.Felipe was taken to the hospital after a border agent noticed signs of illness, and the medical staff first diagnosed him with a common cold and later detected a fever."The child was held for an additional 90 minutes for observation and then released from the hospital midafternoon on December 24 with prescriptions for amoxicillin and Ibuprofen," CBP said in a statement. Amoxicillin is a commonly prescribed antibiotic.The boy began vomiting later that evening and was taken back to the hospital for evaluation. He died hours later, the CBP said.Felipe's body was repatriated to Guatemala and was laid to rest in Yalambojoch in January, his half-sister said.His father, Agustín Gómez Pérez was released from CBP custody and is still in the United States, a family member said.Felipe was the second Guatemalan child to die in US border patrol custody in December.Jakelin Caal Maquin, 7, died in a hospital two days after she and her father were taken to a Border Patrol station.An autopsy report released last week revealed she died from a bacterial infection known as streptococcal sepsis.The infection was "rapidly progressive," which led to "multiple organ dysfunction and death," said the report from the medical examiner's office in El Paso County, Texas. 2502

The 2020 Democratic field may have gained a contender Thursday with Beto O'Rourke -- but it officially lost an eligible bachelor in Cory Booker.Actress and activist Rosario Dawson confirmed Thursday rumors that the two are dating, telling 251

The House on Wednesday easily defeated an effort from a Texas Democrat to impeach President Donald Trump in the first vote that Congress has taken related to impeachment since Democrats took control of the chamber.Only 95 of the 435 members voted against the motion to table the impeachment vote.Rep. Al Green was able to force the vote under House rules, in what amounted to the most direct challenge yet to House Speaker Nancy Pelosi's handling of impeachment.The vote showcased the stark divide among Democrats, who split over the vote to kill the impeachment measure.His decision to bring up his impeachment resolution presented a dilemma for impeachment supporters and moderate Democrats alike, as they're now on the record on a vote related to impeachment, even if Green's resolution was only focused on one issue — what he says is the President's "bigotry and racism" — of many where Democrats are wrestling with whether to move forward on impeachment. .Green was able to force the House to take up his impeachment articles because it's considered a privileged resolution under the House rules. While any House member can introduce a privileged resolution on the floor — and Green introduced similar resolutions twice while Republicans were control — Pelosi has until now held her party back from doing so since Democrats took control of chamber, despite more than 80 members pushing for the start of an impeachment inquiry.Republicans helped Democrats table the resolution to show bipartisan opposition to impeaching the President on the grounds laid out in the Green resolution, according to a senior GOP leadership aide. The White House wanted a strong vote to kill the resolution, a source familiar with White House thinking said.Ahead of the vote, Green dismissed calls from within his party to hold off on the resolution, which he introduced Tuesday evening, arguing that impeachment should follow Tuesday's House vote that condemned the President's racist tweets."I should not hold off, we should go forward as expeditiously as possible and we should do so because on yesterday we convicted the President ... The condemnation was a conviction. Today we have the opportunity to punish," Green said a reference to the resolution that passed Tuesday condemning racist language used by the President. "As a result of what we did yesterday, the President suffers no harm, he doesn't have to pay any fine, he's not going to lose his job. But today we have the opportunity to punish."Democrats have been wrestling with the question of impeachment since taking control of the House, and now more than a third of House Democrats publicly support opening an impeachment inquiry. But Pelosi has resisted those efforts, saying they should not move forward with impeachment unless the public is on their side."With all the respect in the world for him, we have six committees that are working on following the facts in terms of any abuse of power, obstruction of justice and the rest that the President may have engaged in," Pelosi said. "That is the serious path that we are on, not that Mr. Green is not serious, but we'll deal with that on the floor."Green is bringing up the impeachment resolution a week before special counsel Robert Mueller testifies publicly before the House, an event that many impeachment backers say will be key to sway the public — and skeptical lawmakers — on impeachment."Our focus should be on making sure that the Mueller hearing goes well," said House Democratic Caucus Chair Hakeem Jeffries of New York.Other House Democrats who support beginning an impeachment inquiry — and in some cases moving forward with articles of impeachment — said they would support Green's measure, even if they didn't agree with his decision to bring it up now."If I thought it was a really good idea I'd have done it myself," said Rep. Steve Cohen, a Tennessee Democrat who will support Green's resolution."I don't think this is the wisest moment," said Rep. Veronica Escobar, a Texas Democrat on the Judiciary Committee. "I mean, believe me, this is something that I wrestle with myself and I think that the president is unfit for office and so I need to think through it, but ... we have an important process ahead that we really need to follow."But Green said he chose to move forward with his resolution because he thinks Congress should send Trump "a powerful message that this country will not tolerate bigotry, racism, hate, xenophobia, Islamophobia."He noted that his impeachment resolution is not connected to Mueller or the findings of his investigation."You don't delay justice. The Mueller hearing has nothing to do with what we're doing now. The Mueller hearing is all about obstruction, this is about bigotry and racism and that racism that's been infused into policy," Green said.In December 2017 and January 2018, Green also introduced privileged impeachment resolutions, which were both tabbed by the Republican-led House. The resolutions were killed in votes of 364-58 and 355-66, respectively, with a majority of Democrats joining Republicans to defeat them in both cases. 5118