Page 10 - Basis Point News Today

inflation as bizarre. this as the dow takes another plunge. we have fox team coverage. susan li in new york tells us whats going on with the markets. white house correspondent peter doocy starts us off tonight. good evening, peter. >> peter: good evening, mike. in the presidents first interview of any kind with a reporter since february and first print interview since may of last year, he says he thinks the reason that people are upset from this country right now is the pandemic and he...

breaking news to begin the program. prime minister borisjohnson�*s prime minister boris johnsons ethics prime minister borisjohnson�*s ethics adviser lord guide has resigned. yesterday he told mps it was reasonable to suggest the prime minister may have reached the ministerial code after being fined for attending a party in number ten during lockdown, in a statement on the government website hes written... it was on tuesday that lord geidt was questioned by the administration commi...

years, marking the central banks most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned its at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? >> reporter: well, victor, clearly inflation is on fire. today the federal...

so dramatically. i didnt isnt simply incompetent, though he is. single most destructive force in the history of the united states. in a year and a half, biden and ron klain, their strange shadowy chief of staff of dunmore damage to the country than anybody could possibly have imagined. read the numbers but they dont capture it. pretty no one captures it. the story. who in the reliably liberal financial news outlets, heres the second sentence. "a rising number of former californians are...

weanthe country off fossil fuelw for fuel outrage over historically high cost. that outrage is reflected in the latest fox news poll being released right now. and could become a huge factor in the midterm elections for which primaries were held gled a handful the states. the presidents approval rate stands at 43% with 57% disapproval will. just 18% consider the economy in good or great shape. 82% believe it is only fair or poor. white house correspondent peter doocy starts us off tonig...

future of the program remains in jeopardy for hundreds of thousands of people that call america home. well talk to one of those dreamers later this hour. >> we begin with the efforts to bring down the skyrocketing prices were paying for gas, groceries, and many other items. in a few hours from now the federal reserve is expected to announce its third interest rate hike this year. raising a key interest rate by three quarters of a percent. thats the largest increase since 1994. this com...

of "the 11th hour," stephanie rule, tom costello with us, white house correspondent carol lee and host of public radios "full disclosure." the news is in, stephanie, three quarters of a point. >> we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and its currently approaching 9. so 75 basis points is a big move but its still tricky because what they dont...

control. inflation hit 8.6% last month, the hottest inflation since 1981. the fed meets later today. fed funds futures markets are pricing in 0.75 point rate hike to curb inflation. the "wall street" journal reporting the fed is likely to make a move larger than the 50 basis point move a few days ago. a terrible day yesterday, a terrible two days. cnns claire severe webastian i london. is there stability in europe? >> a little bit more stability today in europe and asia as they continu...

hearing takes new turns. the january 6 committee accusing donald trump of scamming his supporters out of $250 million. laying 0 out the case that trump solicited money from backers by using lies as a fundraising tool. adding that he sent up to 25 emails a day, soliciting donations for illegal funds that simply didnt exist. but is it potentially criminal and will attorney general merrick garland pursue or prosecute it as such? those are the key questions emerging from the hearings ove...

we start on the markets because — a day after wall street closed at new record highs — the jitters have returned. but i dont seem to have a camera! what i can do is... you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields — the effective interest rates on government debt have soared again. the yield on the 10—year us treasury bond hit almos...