I wanted to tell you. On may 26, i will be at the town hall in provincetown, massachusetts. You can get information about how and where to get tickets at msnbc prequel. That will do it for me now. It is time for the last word with lawrence odonnell. May 26th does not help me i had to look it up, it is a sunday. All right. I can do that. Would you like me to save you a seat . How many of my brothers can i bring . There could be four of us. We will work it out. I will get the exact count. Lawrence and brothers. All right. I will buy you some tickets myself. Excellent. Otherwise known as, the gang. I cant wait. Thanks, rachel. In his sharply effective State Of The Union last week, President Biden, included the best Tax Policy Speech ever given by a democrat. Folks at home, does anybody think the tax code is fair . Do you really think the wealthy and big corporations need another 2 trillion tax rate . I sure do not. I will keep fighting to make it fair. President biden, has been using some
hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straight on
from the coast guard at a briefing set for 3:00 eastern time. meanwhile, we are learning that canada is stepping up its rescue efforts sending in a ship, the hmcs glace bay, equipped with a hyperbaric recompression, and we will be joined in just moments. sandra: molly line outside the u.s. headquarters in boston. first get to mike tobin, live at the staging area for the search in st. john s, canada. mike, exactly what we know, officials are reporting the remote operated robot discovered this debris field near the titanic and they are saying it could be linked to the missing titan but cannot confirm that to be the case. what else are we learning? well, we have learned that certainly very discouraging news for the people who are holding out hope for a miracle in this case. i spoke with larry david who is larry daily, i should say, logistics specialist for titanic expeditions, he was down to the wreckage in 2003, and 1 of the things he points out is when you go down to the
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southeast as
sub? . and sometime this hour, we re also expecting president biden andwe indian prime minist modi to hold a press conference, more than 7,000 guests gathering at the white house earlier today for the official welcome. can the pomp and circumstance overcome concerns about india s human rights record and democratic backsliding? plus, democrats rallying around one of their own. adam, adam, adam! that s what happened after house republicans censured congressman adam schiff and now have set their sights on impeaching the president. a lot going onon today. we start with that stunning in development. that search teams may have done the near impossible and found thene titanic sub. but if so, it may only serve as proof the crew didn t survive. right now experts within the unified command are evaluating a debris field detected by a remote operated vehicle within the search area. we don t know exactly what that looks like, but even before the announcement, we knew the likelihoo