fox weather reporter robert ray is live in bermuda, what are you seeing this morning? yeah, good morning from bermuda, the small island out in the atlantic ocean, been getting pummelled anyway t by the hurricane issue the category 4 hurricane fiona, it is about parallel with the island of bermuda, look at the video from overnight and the wind is coming in, gusts up to 71 miles per hour and the past few hours that is almost hurricane strength. next two or three hours, it is expected to get more intense and taper off into the afternoon as it makes its way up into canada. if we can, take a look at this sail drone video from out in the atlantic ocean, this was yesterday, just a few hundred miles from the island of bermuda. look at the swells, 50-foot wave and that is happen ing around bermuda, just from the north carolina coast. thus far we are right on the virge of those gusts into the world of hurricanes, hurricane winds are 74 miles per hour and the rain continues to come i
it is america reports with the second hour and i m john roberts from washington happy we can partner you. gillian: that is a great reminder i was having so much fun with you. i m glad i could brighten your mood. gillian: thank you. it is great to be with you and everyone at home, am gillian turner in for sandra smith. that teacher of the year for new york state coming up including that spirit the critics say his obsession with social justice cost him his job. he ended up bouncing right back. john: brian kilmeade to weigh in all day on this. we will get to him plus karl rove fan shannon bream on deck as we began the breaking news in the battle to control congress. the midterms less then seven weeks away and republicans laying out. the president firing back at them. they control washington pure they control the house, the senate, the white house and the committee, the agencies and it is their plan, but they have no plan to fix all of the problems they created. so
economy while railing against the republicans. watch. when it comes to doing something about inflation, republicans said no. i don t want to hear from republicans. they blew up the definite it is. 10 million jobs have been created since i was been president. guess what? gas prices are down $1.30 a gallon. republicans hammering red hot inflation at the roll-out of their commitment to america agenda, which they say they will carry out should ney take back the house. can i afford to fill up my tank? can i afford the food, the milk? whether you go to the grocery store, whether you re bucketing for the home heating bills that are sky rocketing this winter. far left policies have left to record spending. republicans are trying to restrict abortion. it s a fair statement when you look at the republicans commitment to america plan. they don t lay out a precise remedy to solve inflation. so you know, it s topic number 1. wouldn t you think they would have one? yes. but the
the end of the tunnel, more investors by day s end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? you re right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we ve seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the federal reserve and chair jay powell is serious and adamant to keep raising interest rates in order to kill and bring down 40-year high inflation. 75% of wall street now expected interest rates to cross 4% in november this year. that means you re getting the highest yields on ten-year government bonds in 12.5 years. so the good news here is that higher rates is destroying demand. that s bringing d
us now from new york. good evening, connell. good evening, bret. the dow after four downed days in a row now finds itself at lowest level since november of 2020. now, investors have pretty much concluded at this point as interest rates rise that the economy will have trouble growing. not just here in the u.s. but all around the world. one of those days on wall street where it was sell first and ask questions later in a friday session. all the worries seem to be magnified right now in the minds of investors from the war in ukraine to the energy crisis in europe. but, really more than anything, it s the higher interest rates that we are seeing in the u.s. but also in places like britain, sweden, switzerland and norway. the day started with a report showing a sharp decline in european economic activity, which raises the risk of recession over there and the new government in the u.k. led by prime minister liz truss now unveiled a plan for tax cuts that really was not well recei