it is the first day of black history month. happy black history month, everybody. or as ron desantis calls it, month. good morning, everyone. thank you for joining us. we re going to get to what is happening down in florida. there you key caitlan is live on capitol hill. president biden face s a series of investigations. also moments from now, the gop is gearing up to kick congressman omar off of a key committee. big questions on whether or not they have enough votes. they believe they do. they face some pushback from republicans. also hunter biden with a counter offensive. the president s son demanding investigations into those who access data from his personal laptop. what is behind this really aggressive new legal strategy. we ll get to all that in a moment. we re going to begin with breaking news out of ukraine. there is heavy shelling this morning. live to sam kylie. sam, hello. what are you hearing? well, hearing is quite literally what we ve been doing here,
the fed did raise the befnchmar interest rate. president biden as we said met with leader kevin mccarthy. an and mcdonald s reported a big increase in sales. a lot of people opting in for less expensive foods because of a possible recession? maybe that s in. our chief business correspondent here to break it down. eight times. and can i tell you, the 25 basis points last march and then just steady increase again and again and then 25 basis points yesterday, the fed chief says there is more to be done. inflation is starting to turn. it really put it in perspective. eight times. in a year. can i show you, so now you have official interest rates that are knocking on the door of 5%. but it s so interesting. banks savings rates are under