come up. it s going to to be bright all evening long. and today s faith and friends concert series we have the house fires here live. they ve been practicing, and it was beautiful. absolutely. rachel: yeah. we love having all this great music here on the weekends. we re not jealous of the week days anymore, now we have our music. pete: just co-opted it for six weeks. they are setting the house on fire here, it s a wake-up call. rachel: it s i awesome. there s so much energy in the green room. we can t wait to bring them out later in the show. joey: they sound so great. you go to concerts, that doesn t sound quite as good as the radio. that was beautiful. pete: very, very well cone. well done. we re one hour into a four-hour tour, one hour behind where we were yesterday. so you do the math of what that all means, i don t know. we re going to start with this, at least two people are kid in california dead in california as major flooding devastates entire communities. thousa
it depends on what statistics you look at. here s the thing about inflation, it s sticky. it looks like it s going away and it comes back. looks like it s going away, it comes back. so that s why the fed is saying, the federal are reserve chairman jerome powell is saying i m going to keep raising interest rates, i m going to look through raising interest rates because it s crushiing ed the continue to crush the working and middle class. and because of that you re going to get stuff like we saw with silicon valley bank. pete: yeah. trust me, there s more to come. pete: there s more to the come. if inflation is persistent, there s more ink therring, fed gets involved, and when the tide goes out, then you find out who s not wearing any pants. [laughter] i guess that s one way of looking at it. pete: right, charlie? charlie gasparino, thank you very much. all right, guys. pete: coming up, a fox weather alert. devastating floods in california, blizzard warnings in the midwest and a no