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conserative party said sunack won the race and prime minister. the first person of color ever to hold that position. he will succeed liz truss after 44 days in office because of a revolt over her economic policies. former prime minister boris johnson thought about a comeback but ended up pulling out of a race. nbc news correspondent and associate editor at the financial times. what can we expect him to take over as prime minister? >> reporter: jose, this has been a very fast moving forward days since liz truss stepped down. it will be a fast moving 24 hours. what we expect, and you...

this morning." i'm boris sanchez. >> merry christmas. i hope it's been a magical christmas morning so far, i'm amara walker. just ahead this hour, it started as one family's idea and it grew into a global brand. the inside story behind elf on a shelf and what's next for one of the world's biggest christmas traditions? and the holidays are a big source of joy for so many but they can also bring up sad feels are or painful memories. we have tips to help you deal with the holidays blues coming up. >> first let's get you caught up on the morning's headlines with whit n whitney wilde. >> ...

hello, everyone. i'm katy tur. good to be with you. we're going to department of justice where attorney general merrick garland is addressing bad actor, foreign meddling in this country. >> in china, alleged fugitives fled to foreign countries, including the united states. the prc has a history of targeting political dissidents and critics of the government who have sought relief and refer , refuge in other countries. the indictment alleges that the defendants working at the direction of the government of the prc engaged in a campaign of harassment, threats, surveillance, and intimid...

life and legacy of the home run king." terrance moore, thank you very much for being on today. that wraps us up for this hour. jose diaz balart picks up msnbc's live coverage right now. and good morning. 10:00 a.m. eastern, 7:00 a.m. pacific. i'm jose diaz balart. we have breaking news. we got word president biden will be delivering a speech tonight in washington d.c. nbc news chief white house correspondent kristen welker joins me with that. what do we know about this? >> jose, according to sources familiar with the president's plans tonight, he is going to deliver those remarks a...

until the midterms. >> when true democracy goes away, people get hurt. and it's hard to recover. >> we have to walk away from politics as usual. >> it's a choice between two vastly different visions for america. >> with the economy and inflation top of mind for voters, president biden is also focusing on the u.s. workforce set to deliver remarks on that this afternoon. about the same time, we're expecting the fed's announcement of another interest rate hike going up three quarters of a percentage point for the fourth consecutive time. what their decision today means for your wallet. ...