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with the people. right now on "early start" what president biden calls a defining moment for democracy. air raid sirens pierce the air as north korea tries and fails to test a missile. it all adds up to baseball history. here we go. welcome to our viewers in the united states and around the world. i'm christine romans. president biden about to head to mexico to campaign with the governor and other democrats. expected to strike the same fee. american democracy is under dire threat and laying the blame at the feet of his predecessor. >> you know, american democracy is under att...

Sixth. that's how many times they've raised rates. a fourth 3/4 point racing. it's part of the battle to bring down inflation. >> asian shares have closed down. europe has opened. bank of england decision is awaiting an interest rate decision. the forecast is to raise interest rates by 75 basis points. on wall street, stock index futures leaning down a little bit. yesterday a wild day as stocks first rallied and it dropped after the fed raised interest rates. investors were spooked at the possibility of hikes and recession fears. >> gas prices up a penny sitting at $3.78 a gallon. mortgage rat...