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shot of momentum for republicans and signals major gop gains among latino voters with midterms around the corner. >> carley: griff jenkins has more on the huge win in the other big races of the night. >> griff: good morning, carley and todd in south texas, wife of a border patrol agent and daughter of legal immigrants. the seat is up again in november. take a look at the race board. nearly a point. dig into the numbers and you see the story. this 34th district president biden carried by four points. go to cam ron county, democratic stronghold along the mexican border, biden won that,...

three republican in the house and karl rove will also weigh in. >> sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i'm sandra smith in new, i don't. trace, great to have you. >> trace: you as well, i'm in for john roberts, and this is "america reports." fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan...

>> john: dow down 807 points at this moment. unfortunately, few people surprised by the new inflation data, confirming the pain at the pump and sticker shock. hello, john roberts in washington and happy friday to you. >> and happy friday to you as well, john. good to see you. anita vogel in for sandra smith. prices soared 8.6% from a year ago, highest in four decades as rent, energy and grocery prices continue to surge. >> another record high for gasoline prices as the national average edges ever so closer to $5 a gallon. >> anita: fox team coverage starts right now. karl rove on pre...

to overturn the 2020 election results. for more, let's go to chief congressional correspondent chad pergram. >> good afternoon. the committee aimed to tie the riot to former president trump. the panel played new audio and videotape of those close to the president that included former attorney general bill barr who said there was no fraud in the election. wyoming republican liz cheney invoked a painting in the capitol that shows president george washington resigning his military commission. cheney says former president trump did all he could to stay in office. >> with this noble act, ...

majority of the video that will be shown has not yet been seen publicly. the house panel will try to show americans that former president trump was not a bystander but was at the center of the uprising to overturn the election and the votes of 81 million people who chose president biden. so, let's begin the hour with cnn congressional correspondent ryan nobles. so, ryan, have they told us what this new video and testimony will be? >> reporter: not specifically. but we do have a good idea as to where it is headed. we are told that this is going to be new angles of some of the violence...