the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty much at zero during the pandemic as the federal reserve tried to encourage borrowing and spending. now rates are on the way up. the first hike was in march. then we saw rate hikes last may, last month. we know they are on their way up. i think what s parent to know is there is wide consensus there is much more ram to go in terms of where we see notes go. we put out a note yesterday ultimately it e
a statement today on the health of congressman jesse jackson jr. of illinois. one of his top aids says that jackson s condition is not life threatening. last week jackson s office issued a statement saying he is struggling with physical and emotional problems that will require extensive medical treatment. the 47-year-old took a medical leave of absence last month which his office attributed to exhaustion. he has been under growing pressure to explain his disappearance from capitol hill. we ll have more details and a live report from chicago in just 30 minutes. a man charged with planning to bomb the pentagon and u.s. capital. he is going to plead guilty. this is rezwan farduz a u.s. citizen accused of plotting to fly airplanes loaded with explosives into federal buildings in washington. federal prosecutors say ferdaus was radicalized by internet videos and it appears he was working alone. we re told he will plead guilty to 2 of 6 charges and face the possibility of 17 years
full of details in one minute for you here on cnn. a free election four decades overdue. the first real live democratic exercise in libya since the moammar gadhafi era. nearly 3 million libyans picked parliament members today waiting in long lines to vote at polling stations all across the country. we ve heard a few disruptions but overall international election observers are pleased. in the rest of the country things have been going smoothly. reports from the east where it s been more difficult but even there the jaft majority of citizens could cast their votes peacefully. to southern russia now. flash flooding has killed more than 100 people. rising waters swept through many houses as people slept unaware and vulnerable. some had to be rescued from roof tops and trees. the russian water ripped out traffic lights and stranded vehicles. one resort town got two months worth of rain in 24 hours. a small town in ohio rocked by the fatal shooting of four people. police say t
going in a mad dash. we re seeing violent scenes even. they re tearing down doors. people being arrested. you know what they re all after? a shoe. not just any shoe, though. an air jordan. we ll explain. also, possible ground breaking lawsuit against the nfl. a number of former players suing over concussions they say they got while playing the game. one of those players, jamal lewis, in studio with me in just a matter of minutes. don t miss that. let me start with this major political road block now for newt gingrich and rick perry. both candidates failed to qualify for the virginia primary. neither of them came up with enough valid signatures. this means now that there are only two candidates that will square off in virginia s march 6th showdown. let me bring in our athena jones. first of all, how could this happen? how could they not make the ballot? virginia has stringent rules. among the most stringent of all the states. you have to get at least 10,000 signatures from a
so the key now is to make sure there s strong followup, strong execution of the plans that have been put forward. as president and candidate for re-election in tough times mr. obama was crystal clear on the domino effect of that euro zone deal. if europe is weak, if europe is not grown as our largest trading partner that is going to impact our businesses and ability to create jobs here in the united states. a bit more positive news from the commerce department. it reported that the over all u.s. economy grew at an estimated annual rate of 2.5% in the third quarter. now that s hardly a robust rate yet it is nearly double the anemic growth back in the april, may, june quarter. can this rally be sustained? can we finally set aside worries of sliding back into recession? we begin with alison kosic live at the new york stock exchange tonight. was this rally all about europe? it was all about europe, john. the european debt deal is what wall street has been waiting for, f