a very good evening to you. i m abby phillip. tonight the entire planet is paying tribute to the queen of rock n roll, the one and only tina turner gone at the age of 83. a superstar for the ages, and we reflect in a moment on one of the biggest voices and losses in music history. but first, we begin with the developments in the 2024 presidential race, the man viewed as the biggest tlept to donald trump for the republican nomination. he just made it official on trump s old turf, twitter. righting this ship requires restoring sanity to our society. truth must be our foundation. and common sense can no longer be an uncommon virtue. we need the courage to lead and the strength to win. i m ron desantis, and i m running for president to lead our great american comeback. but, ron desantis s big announcement night went a little south from there. a very rocky start to his formal bid with major glitches plaguing his planned conversation with twitter space s ceo elon musk. an audi
a superstar for the ages, and we reflect in a moment on one of the biggest voices and losses in music history. but first, we begin tonight with the breaking development in the 2024 presidential race. the man who is viewed by many pundits as the biggest threat to donald trump to the republican nomination. he just made it official in a post on trump s old turf, twitter. righting the ship requires restoring sanity to our society. truth must be our foundation. and commons s can no longer be an uncommon virtue. we need the courage to lead and the strength to win. i am ron desantis, and i m running for president to lead our great american come back. but ron desantis s big announcement tonight went a little bit south from there. a very rocky start to his formal bid, with major glitches plaguing his planned conversation with twitter spaces ceo elon musk, an audio form that had some major technical difficulties, and the moderator blamed heavy traffic. the florida governor s campai
pence faced to refuse to count lawful electoral votes. earlier on morning joe, january 6th committee member adam schiff previewed the hearing and the seriousness of the committee s work. you can expect to see stuff you haven t seen before interwoven with things you have, but to tell the story in, i hope, a compelling way. our democracy today is more vulnerable than it was on january 6th because the lie that brought about that violence continues to to proliferate around the country. also on capitol hill, the gun deal framework just got a big en ment from republican leader, mitch mcconnell. ahead i will talk to democratic senator debbie stabenow whose own mental health legislation is now part of that framework deal. do you remember 1994? pulp fiction was in theaters. the sign by ace of base was the number one son. now, the fed is raising interest levels to rates not seen since that year. how that affects you and everything you buy, from gas to groceries in moments.
of the 11th hour, stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio s full disclosure. the news is in, stephanie, three quarters of a point. we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it s currently approaching 9. so 75 basis points is a big move but it s still tricky because what they don t want to do is move so much so quickly that they push us into recession. but if they don t do something aggressive, prices will likely continue to rise and the economy is suffering for it, especially right around gas prices. this is a big move. it s not unexpected. it s the thing that people have been waiting for. most economists across the board have said this should have happened months ago. markets are going to take this as a positive. robin, it is hard to thread this needle, though. the
christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had to say