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
another prisoner swap? then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to the lead. i m jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration s coronavirus relief efforts, record new job creation, and low unemployment levels. sure, but that s likely little consolation to the millions of americans paying record prices for everything from food to gasoline. especially as many economists predict the federal reserve will drastically hike interest rates tomorrow to try to get control of the inflation. president biden will try to address one of those crises, gas prices, now avera
griff: anita, great to see you. let s kick things off with lucas tomlinson from the white house. the labor department issuing a brutal report saying inflation is getting worse not better. in los angeles president biden says it s not just putin that s responsible, but exxon as well for skyrocketing prices. they have 9,000 permits to drill, they re not drilling. why aren t they drilling? because they make more money not producing more oil. the price goes up, number one and number two the reason they re not drilling, they re buying back their own stock. exxon made more money than god this year. when president biden was sworn into office he had a 57% approval rating, gas was just 2.39 a gallon. today s approval rating was presume plummeted to 39%, some lower in some polls. and gas nationwide soared across the country and the president s popularity has gone down. president obama once told him his popularity was tied to the price of gasoline and it s happening once again toda