that s your why. it s your purpose, and we will work with you every step of the way to achieve it. at pnc private bank, we ll help you take care of the how. so tell us - what s your why? i m katy tur, back for another hour here on msnbc. we start in illinois where mike pence is making a political appearance. this will be his first opportunity to respond to new criticism from his old boss, donald trump. the former president used his father s day weekend to confirmed he pressured his vice president to break the law, saying pence did not have the courage to overturn the results of the 2020 election. on capitol hill, the january 6th committee readies for the hearing tomorrow, to lay out the evidence it has on trump to pressure state officials to change election results. especially in georgia, with the secretary of state and his deputy expected to testify. also on capitol hill this hour, the fast-moving developments on gun reform. sources tell nbc news that senators could
amid pilot shortages. the efforts under way now to keep travelers moving amid the summer travel spike. hopefully no alarm for you today because it is the weekend. it is saturday, june 18th. thank you for being with us. always great to be with you christi. we begin with new fears that the u.s. economy is headed towards a recession. yesterday marked the end of a rocky week for wall street after the federal reserve announced the largest interest rate hike in decades. the dow closed down yesterday, s&p 500 finished slightly up. still wound up with the worst week since 2020. let s look at the brighter side for a moment. we learned that wages in the u.s. are climbing at their fastest rate since the mid 80s. the push, the inflation has risen so fast that workers, it actually equates to being handed a pay cut because their pay is not matching up with the percentage of inflation that we re feeling and the things that we re buying. let s get a closer look at the political angle
welcome to our viewers in the united states and around the world, it is wednesday, june 15th and i m brianna keilar with john berman here in new york. if you don t believe in the climate emergency facing our nation just open your window or walk outside today, there will be evidence on display in every corner of america, no matter where you live count on extreme weather, heat warnings or severe flooding. in the span of 24 hours americans have grappled with all of these threats, violent storms left hundreds of thousands without power in the midwest, flooded communities in montana that don t have clean drinking water and there have even been tornadoes in chicago. meteorologist derek van dam is live in columbus, ohio, where the mayor has no power and he s urging residents to go to cooling centers and pools to stay safe. reporter: john, unfortunately the perfect storm has struck this area, the combination of no electricity and dangerous excessive heat, that is a recipe for dis
years, marking the central bank s most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it s at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise interest rates and fed officials are signaling that even more aggressive steps may be needed to get inflation under control. listen to what jerome powell just said. we anticipate ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and evolving out look for the economy. clearly today s 75 basis point increase is an unusually large one. from
in a letter to colleagues, speaker of the house nancy pelosi gushed over what was happening saying we ve been moved by how many have channeled their righteous anger into meaningful action. they even got support from the white house. these activists posted a map with the home addresses of the supreme court justices. is that the kind of thing the president wants to help your site make their point? i think the president s view is that there s a lot of passion. laura: deputy white house press secretary andrew bates tried to kind of clean that up earlier today, tweeting jen psaki never encouraged people to protest outside justice s homes providing a transcript in which he highlights her saying protests have been peaceful to date. but he didn t include the whole part. so i know that there s an outrage right now, i guess, about protests that have been peaceful to date and we certainly continue to encourage that outside of judges homes. laura: when the angle recognizes re