the end of the tunnel, more investors by day s end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? you re right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we ve seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the federal reserve and chair jay powell is serious and adamant to keep raising interest rates in order to kill and bring down 40-year high inflation. 75% of wall street now expected interest rates to cross 4% in november this year. that means you re getting the highest yields on ten-year government bonds in 12.5 years. so the good news here is that higher rates is destroying demand. that s bringing d
extraordinarily difficult because as you say, it is a multipronged issue and it is notjust about, not you say, it is a multipronged issue and it is notjust about, and it is not ust about, not ust about pay i and it is notjust about, not ust about pay even though i and it is notjust about, not ust about pay even though that“ and it is notjust about, notjust about pay even though that is i and it is notjust about, notjust about pay even though that is a | and it is notjust about, notjust - about pay even though that is a part of it and the problem with that is the fact that the cost of living has rocketed, skyrocketed so much that even what we were asking originally, they are probably feeling is not enough and you ve got these working conditions of the same time and there will be lots of people were looking at this and saying yes, 0k, we understand our modernisation and this is what they are saying but understand by modernisation is the thing is, what they re saying is that inhere
hometown of chicago. including my brother that was murdered. neil: what if anything changes it? you need multiple things. it s a multipronged issue. you have the laws that are being pushed in place by folks in charge, the safety act being one of them taking place january 1. you have a mayor that is ineffective. the county prosecutor that refuses to prosecute cases, having dropped 25,000 felony cases including rape and murder. you have activist judges as well. it s a nightmare in that city. policy is the only thing that can change it. we can talk ant voting. we need changes right now. so we have to deal with what we have in office and hope that they do something. it s unfortunate because we ve been hoping for many years and nothing has changed over multiple administrations. neil: you ve been working for months on this trying to find out what the heck happened to your brother. who was behind it. any luck at all?
to alien nate sunnis, despite promising america and others he was all for power sharing and reconciliation. and tribal leaders say that while, yes al qaeda-linked fighters are in their provinces and towns and cities, the root cause of the sunni rebellion is really years of disaffection, of being cut out of the political and decision-making system. one piece of promising news, mr. al maliki who was threatening to move his troops into fallujah to clear out al qaeda linked elements has backtracked, saying he won t go in any time soon with the troops and will leave it for the tribes to sort out, in his words, for as long as it takes. if he had gone in, sunnis were promising a fight that would have gone well beyond fallujah s borders. it s a multipronged issue for mr. maliki to deal with. yes, al qaeda in his country, but also an angry minority who say they re just not going to put up with the status quo any