Page 10 - Matt Eagan News Today

Officers of the court to make good on that. thank you very much client. privileged explaining that ellie honing. thank you so much for explaining this also well, and i do apologize that you didnt get to talk to erica was supposed to be all jp that you were stuck with. you were gonna shut afterwards. wake up from now to this critical decision as we look at the fight against inflation so hours from now. we will learn if the fed chair has decided to hike interest rates again. and, of course, if tha...

Markets respond to these 25 basis points. catherine rampell matt eagan, thank you both so much. lets get you now to some breaking news out of denver, where a male student reportedly shot two faculty members at east high school. those two faculty members have been hospitalized. cnns whitney wild has been tracking all of this for us. winning one of the victims is in serious but stable condition. the other is now in surgery in critical condition. oh the student, though, is not in custody. he appare...

Hello and welcome to the cnn newsroom. im boris sanchez. hi everyone. im jessica. dean. great to be with you this afternoon. any moment now, the federal reserve will announce whether or not it will raise interest rates yet again. this decision, of course, critical in the fight against inflation, and it will impact everything from home prices to credit card bills , car payments, but todays decision is especially crucial. it comes as the country faces a banking industry crisis. the central bank ha...

Resources and likes the fact that its the number one player in this relationship, which was not the way it was in the cold war. >> absolutely. i think that turn-around is of great significance to them. and we are awaiting president biden over on capitol hill. well see if he addresses these breaking news developments. thank you, brigadier general, steve anderson, and david sanger for all of that analysis. we may not be out of the woods yet. another struggling bank was just rescued with tens of ...

Matt eagan has more. >> reporter: this happened so fast. it is stunning. sill son con valley bank may not be a house held name, but it held $200 billion in assets. that makes this the second b biggest collapse of a bank in u.s. history behind only the 2008 implosion of washington mutual. now the fdic seized control of this bank. deposit torts will get access to their cash up to the $250,000 insurance mlimit. but we know that some startups and individuals and small businesses hold more than $250,...

Industry. when things are bad, theyre really bad. i mean, these companies lost a lot of money in 2020, but clearly, theyre making a lot right now and meanwhile, youre seeing gas prices tick higher, $3.50 a gallon. well below the peak from last year, but we need to keep an eye on gas prices. >> maybe they can spread some of the wealth. >> maybe. >> ever think of that? hmm. matt, thank you. all right, russian air strikes targeted kramatorsk today, destroying neighborhoods and killing several peo...

Gauges are on tap, and that should give us a sense for whether the feds medicine, which is designed to ease red-hot inflation is working. patience is running thin on both wall street and main street. amara, boris? >> matt eagan, minnesota thank you so much for that reporting. still ahead, new details in the georgia investigation and some of trumps allies and their efforts to your turn the 2020 election. were going to tell you what were learning about possible indictments in that case and how s...

>> that doesnt necessarily quash the concerns about what the future holds. heres matt eagan. >> this was another brutal week for the american economy. stocks are down, inflation and borrowing costs are up, and all of this is causing real economic anx anxiety for families. the good news the job market is still strong, layoffs are uncommon those they are picking up. the white house concedes the jobs market needs to slow down to get inflation under control. the inflation is as high as its been sinc...

Threat to democracy, and she told me she was invest vesting in a new type of blinds in her office so people couldnt see into her office from across the street. federal resources are being pitted toward protecting election officials. sources said its not enough money or resources to adequately tackle a problem. >> and just the fact that their physical safety could be at risk here is concerning. obviously. shawn, thank you. youre going to continue to follow that story. turning out to the economy, ...

Spike since 1987. mortgage rates have almost doubled from a year ago. the higher rates go, the less home you can afford. by a home for $250,000 will cost you $335 more per month than it would have a year ago based on mortgage rates. a $500,000 home is now $670 more than a year ago. this isnt for more home. this money is going to the bank. this is because the federal reserve is resorting to aggressive interest rate hikes to try to get inflation under control. this is a future, not a bug of the fe...