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CNN News Central

1177. call now i'm caitlin polantz at the federal court in washington and this is cnn some bad news, unfortunately, if you are looking to buy a home mortgage rates jumping this week, taking the radon 30 year mortgage, up to 7.1% that'd be highest l this year. it's based on the betting that the fed is likely to delay cutting interest rates to make sure inflation cools down fst forore ons, t's bring in cnnusins goes wit saying this makes americans who are hoping to buy a home that's right, jessica, you nailed it. >> this affordability crisis just got worse mortgage rates topping 7% for the first time since december rates are now about twice as high as they were at this 0.4 years ago. and rates are creeping up again because of these concerns about

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Boks roll imposing dice with 7/1 bench, so how will Ireland respond?

South Africa successfully trialled their forward-heavy tactics against New Zealand last month.

Paris , France-general- , France , London , City-of , United-kingdom , South-africa , New-zealand , Twickenham , Richmond-upon-thames , Ireland , South-africans

Springboks' imposing new 7/1 bench was risky and frightening

The South Africans dismantled the All Blacks with their two forward packs.

London , City-of , United-kingdom , South-africa , Ireland , New-zealand , Twickenham , Richmond-upon-thames , South-african , South-africans , Makazole-mapimpi , Frans-malherbe

World Business Report

the imf report, which analysed 170 countries, found direct and indirect subsidies for fossil fuels reached 7.1% of global gross domestic product or gdp in 2022 — that's more than was spent on education. the imf said governments could save $4.4 billion by scrapping these subsidies, and suggested targeted support for the poorest households. joining me now is ipek genscu, acting director of climate and sustainability programme at the odi global affairs thinktank. thank you for being with us. i suppose the first question is whether we should be surprised by any of this. we know the war in ukraine has pushed up energy prices and governments around the world have said we have to shelter our population as much is possible from soaring prices. it is population as much is possible from soaring prim-— soaring prices. it is not surprising. _ soaring prices. it is not surprising, and - soaring prices. it is not - surprising, and fortunately, soaring prices. it is not _ surprising, and fortunately, because as you said, with the rising energy

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Verified Live

excitement in the holidays . covid struck. you can feel the - excitement in the holidays everybody comedy parents and students are very excited because i think the message has got through. a lot of people were nervous about getting their results but they have done pretty and g. brilliant zillions is some thing that has shone through this year group. the thing that has shone through this year group-— thing that has shone through this ear urou -. ., ., year group. the government wanted urades to year group. the government wanted grades to return _ year group. the government wanted grades to return to _ year group. the government wanted grades to return to pre-pandemic. grades to return to pre—pandemic levels and today they can say it is mission accomplished. this graph shows that in 2019, 60 7.1% of students in england were passing all of their gcse exams. you then see the line got from 2020 to 2022 but this year, it is roughly back to where it was. in wales and northern ireland, they have kept more generous marking systems in place and their results are higher than they were in 2019. in england, the marking system is back to normal but they have put other kinds of supporting base.— they have put other kinds of supporting base. they have put other kinds of su ”ortin base. , , , ., supporting base. these students have had equations — supporting base. these students have had equations and _ supporting base. these students have had equations and formally _ supporting base. these students have had equations and formally cheating l had equations and formally cheating relevant subjects and the grading protection that was put place means that today, it has been no harder to

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Verified Live

the world spent a record track —— 7 trillion dollars. the imf report which analysed 170 countries found that direct and in—depth —— indirect subsidies cost the equivalent of 7.1% of gross domestic product, gdp, in va 2022, that is more than government spent on education. the imf said that the governments could save $4.4 billion by simply scrapping the subsidies and suggested instead that targeted support should be paid to the poorest households. backin back in 2009, the g20 governments which produce most of the fossil feels emissions committed to phase out subsidies in line with climate goals but also in line with broader

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America Reports

through the trump or ramaswamy or others is pretty stark. >> john: if ramaswamy or one of the other candidates is going to catch lightning in a bottle tomorrow night, they have to catch a lot of it. rcp average in the gop field, former president trump, 56%, desantis about 15%, ramaswamy 7.1%. the national review took a look at the field and said this, even if one of the candidates surges and sweeps up all the current nontrump vote, there is not enough of it to get to 50% right now. raising a question a lot of people have is it already over? >> well, president trump knows that, and anybody calling him a coward for not showing up does not understand he's running as a front-runner. he's already done that. he's been in many debates and has an entire four years record of presidential accomplishments for people to see for themselves. that's his calculation.

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The Faulkner Focus

input in everything we produce, it means that the consumer price index numbers will get worse. >> john: gas prices go up and down and forecast they'll go down by the end of 2024 and into the low 3s. one thing that doesn't come down quickly is mortgages. the fed is indicating it will raise rates even more. another groovy graphic that is troubling. look at this. the current freddie mac mortgage rate 7.09%, 15-year fixed rate is higher. one more interest rate hike could propel it for 8%. what does it mean for people trying to get into a home for the first time and housing market people trying to buy or sell a home and new home construction? >> it's a killer. again, let's go back to what the situation was when trump left office. do you know what the mortgage rate? remember what the rate was when trump left office? 2.8 or 2.9%. now up to 7.1%.

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Americas Newsroom

now at 3%. it is much, much better today. having said that the components within the consumer price index are what's called sticky. in other words, they don't reverse and stay down. so you are seeing because of the cost of transportation, oil, gasoline, because that's elevated, you see things like rent still expensive, shelter in terms of buying a home. look at 7.1% mortgage rates. people are walking away from a mortgage now because they recognize every month it will be so much more expensive and fuel. fuel, food, shelter, the three essentials. >> dana: what about eggs? >> i do look at them. it's something we all buy. it is not as bad as it was but still up year-over-year. the last inflation report they were down but you are still talking about from levels that we were talking about up 70% a couple of months ago. eggs are still very expensive in the category of food that's still elevated. some things are off the highs

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Alex Wagner Tonight

consolidation in corporate america you say who the hell has power to stand up to these guys? you know who does? a government. and you have to say i am the bulwark against large corporations who have incredible power over you, and they say go on strike for two months. where else are you going to work? that's their message to a lot of people. where else are you going to go? and so if you're the president of the united states, you say i've got your back. >> then you bring up the fact this is shaping up to be the summer of strikes. i think by the peak of the summer, 650,000 american workers may be on strike, whether that's writers guild, sag-aftra, hollywood, potential ups strike which could cost the u.s. economy 7.1 fast. that is the reality he's trying to balance the economy and the very real need of american workers and the reality of, you know, the future in terms of american labor. >> with my power as administration, as a government

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