three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig in, bu
president. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the decision
hour of the katie phang show. a new week bringing more revelations as the january six committee prepares for another round of public hearings. the committee launched its first hearing by later this case that donald trump is the center of the plot to overturn the 2020 election and your main in power. with at least six hearings potentially happening this month, committee member jurassic and says they ve only just begun to present these findings of their investigation. we dispelled the sick fog of propaganda that trump and supporters continue to admit about what happens. it is very clear that donald trump was hell-bent on staying in office regardless of what the american people had to say about it. when you seen so, far as shocking as it is, it s just a fraction of the evidence that we have assembled. this week, the committee is expected to hold hearings. tomorrow, wednesday, and thursday. here is what we know so far. according to committee vice chair, republican congressman
ivanka, the latest trump to take the witness stand. what donald trump s eldest daughter just said about her father s allegedly inflated net worth and various financial statements. and the u.s. warning israel against re-occupying gaza. so who should govern the palestinian people if israel is successful in eliminating hamas? and a, quote, complete failure. some top republicans blasting party strategy after last night s elections. we are following these major developing stories and many more, all coming in right here to cnn news central. in just a few moments, ivanka trump is expected to re-take the witness stand, testifying in the trump organization s $250 million civil fraud trial. so far, she s faced about 2 1/2 hours of questioning from a new york attorney general s office, with a major focus on her father s past financial statements and how he allegedly inflated them to get favorable loans. let s get an update with cnn s chief legal affairs correspondent, paula reid. c
let s get some weather that you can handle, gasia. steve paulson has the forecasted. it is warm, 60s on current temperatures right now. yesterday was one of those warm mornings for this time of year. hot with santa rosa at 79, napa 76, the concord and hayward at 74. lakeport at 33. the city at 60 and so it s berkeley with the oakland airport dropping 253. highs today will be between 70 and 78 and should be between 59 and 61. good morning. san jose traffic off to slow start due to northbound 101. we will show you what it has an effect on, 85 and 87, all of those freeways. traffic on 8/80 low. we keep going back to the san mateo bridge, looking fine driving through the san mateo bridge. it is 7:01. over 1000 people have now died in china from the coronavirus. yesterday 108 people died in china, the first time more than 101 corona dess and the first time with more than 100 in a day. more than 43,000 cases are confirmed and hospitals around the world have a short if of th