of the 11th hour, stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio s full disclosure. the news is in, stephanie, three quarters of a point. we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it s currently approaching 9. so 75 basis points is a big move but it s still tricky because what they don t want to do is move so much so quickly that they push us into recession. but if they don t do something aggressive, prices will likely continue to rise and the economy is suffering for it, especially right around gas prices. this is a big move. it s not unexpected. it s the thing that people have been waiting for. most economists across the board have said this should have happened months ago. markets are going to take this as a positive. robin, it is hard to thread this needle, though. the
christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had to say
focus. the january 6th tour taking pictures of hallways, tunnels and staircases inside the capitol complex, clearly not normal tourist fare and there s more. the committee has also released video of that same man you saw there near the capitol on january 6th issuing violent threats against house speaker nancy pelosi. senate majority leader chuck shumer and other democratic members of congress. we re coming in like white on rice for pelosi, nadler, schumer, even you, aoc. we re coming to take you out and pull you out by your hairs. how about that, pelosi? we re coming to take you out. we ll pull you out by your hair. we made the decision to play the video to you at all, not to amplify the threats, but to present the powerful evidence in the hands of the committee that refutes congressman loudermilk s previous forceful denials that he was not involved with tours of any insurrectionist in the run-up to january 6th. today loudermilk doubled down denying once again that he was
his campaign knows he lost. his administration knows he lost. and nevertheless, he tells the country, i won. we have much more evidence to show the american people on this point than we can reasonably show in one hearing. and today, we will begin. tonight, new testimony from the very top of trump s own campaign team, that his claims of election fraud were just lies. but they were proposing, that was nuts. the mayor was definitely intoxicated. law firms were not comfortable making the arguments that rudy giuliani was making publicly. evidence today that former president trump knew he lost, and kept telling lies about it. the president accepted that. he said, okay, fine, but what about the others? i told them that it was it was crazy stuff, and i was doing great, doing service for the country. and why the investigation now involves fundraising off claims that were notably false? not only was there the big lie, it was the big rip off. tonight, committee mem
president, for example. how would trump know giuliani was drunk? i mean, does this seem like a drunk person to you? tony blinken or how is that guy a general? all the networks, wow. all the networks. whew. i know prince andrew is very questionable now. i never went out with him. ever. never had a drink with him. never was with a woman or a young girl with him. no, i m a functioning i m probably shut up. you are a [ bleep ]! all right, rudy, hold that thought. right? how do you know? what s the steering wheel? what is that? please let the story speak for itself. what was he doing? willie, i don t what was that? should have arrested him for a dui for that move, just all over the road. good lord. [ laughter ] it is one of those how did i miss these clips? the story will speak for itself, joe. yeah, but it s not like you can just sit there and go, bitcoin took a 15% i mean, willie, that s crazy, crazy stuff. when you see it all in one place,