With inflation and the fabout t federal reserve s plan to fight inflation. this comes after u.s. stocks suffered their worst week since march 2020. the nasdaq sis on track for wort month since 2008 and worst january on record. so this is really about how the fed has telegraphed that they re going to end their bond buying stimulus program. the program was really bullish for the stock market. essentially forced investors to bet on stocks. the fed is also pencilled in three interest rate hikes, possibly starting as soon as march, and a lot of people on wall street think that s not going to be enough, they have to raise interest rates four or five times, maybe six or seven but you have to remember that all the support from the fed has been so positive for the stock market. so as it goes away, it maykes sense for the market to recalibrate but jim and biana,
Wondering why we re in st. paul when the main proceedings or the main crux of this case happened in minneapolis and that s because at the federal level, judges are randomly assigned for these particular cases and this one just so happens to be in st. paul. when the proceedings get under way in just about 30 minutes or so, we re going to hear from these individual attorneys for 30 to 40 minutes in a trial expected to last four weeks. you ll be following this closely for us. omar jiminez in a very cold seemingly st. paul, minnesota, for us, thank you. just in to cnn. we closely watch the dow drop over 700 points this morning. the seventh straight day of losses. the s&p also down to start the week. down though from that peak around 600 points down, still significant. matt egan has been following that. tell us what s contributing to the fall this morning. well, jim and biana, clearly, 2022 off to a really bad start for wall street. and it really is about concerns
Prince andrew s answer continues his approach of denying any knowledge or information concerning claims against him and purporting to blame the victim of the abuse for how bringing it on herself. he s clearly going to find this, the royal family, i m sure, won t be happy about this and much rather it goes away and a court settlement but doesn t seem to be a sign that will be the case, jim and biana. already taken away his title. max foster, thank you. i know we ll continue to follow this story for us. also this morning, munich carl, archbishop, mishandled sex abuse cases in the arch diocese. he s, quote, ashamed and admits he should have been more engaged in the matter. cnn vatican correspondent live from delia gallagher. what else did the archbishop say and i m curious, did the former pope have anything to say?
Gonzaga university now suspended season tickets for one of its most notable famous alumni, john stockton. why, biana? this comes after he refused to comply with the school s mask mandate at games. not that difficult, folks. cnn s natasha chen has more on this. reporter: hall of fame player john stockton may be the most recognizable player to come out of gonzaga eastern washington but the top ranked team is booting its own hero from home court. the 59-year-old stockton who went on to become the nba all time leader in assist and steals told the spokesman the school will have to, quote, ask me to wear a mask or suspend my tickets. gonzaga, come a long ways.
Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20220125 15:44:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.