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
good morning, everyone. big night, big election night. a lot of headlines to get to this morning. a little bit of a narrative shift, perhaps. a little bit? maybe. a lot of bit. democrats celebrating big wins this morning after ohio voters resoundingly say yes to a constitutional right to abortion. they notch victories in virginia and kentucky. that is where democratic governor andy beshear won a second win in that state. a new cnn show president biden losing in a potential rematch to president trump. an evacuation corridor is open for people to get out of northern gaza. that corridor closes next hour. new this morning, the house has censured rashida tlaib for her criticism of israel. 22 democrats joining republicans to reprimand the democrat. and ivanka trump is set to take the stand today, the fourth family member to testify but she s not a defendant in the case. cnn this morning starts right now. and phil is right, a big narrative shift and a huge night
Exploring issues that affect leaders in the U. S. And around the globe. Today had as much to do with the president but now that you have people that the Justice Department indicts, like congressman Duncan Hunter adopting the president s rhetoric, the chief Law Enforcement general in this country felt like he had to push back. We have to consider the context in which this is happening. The Justice Department has extracted guilty pleas or convictions for the president s former lawyer and fixer, his campaign chairman, his National Security advisor and Foreign Policy advisor. Indicted his number one Congressional Republican supporter and number two Congressional Republican supporter. He told the the New York Times that he had Great Respect for eric holder because in his view he totally protected president obama. We can debate the facts of that but it suggests the president views the role of Attorney General as protecting him primarily and he doesnt separate himself from the institution. Je
per barrel was also $120. so they re trying to figure out how to come up with some way of lowering gas prices, which is one of the core planks of the president s plan to fight inflation. so what the white house is asking is that these companies engage with the administration and explain why they re not doing more, producing more and to try to come up with solutions for lowering gas prices. now, the companies push back and say, look, we re not producing more because of the president s climate change agenda, reducing dependence on fossil fuel so it s a bit of a fight but more than the white house wants to have. steph, can you speak to that? we re seeing the president saying you have record properties, it s not fair as an oil company to have record profits on the backs of
implementing, hey, crackdown on opioid addiction, crackdown on illegal immigration. if democrats had such control of the justice department, would they be suing california about sanctuary city laws. those are the core planks about why trump was elected and shows you at the end of the day, just as his comment about why he put sessions in there suggests, at the end of the day it is about trump personalizing conflict and protecting his position above all. it s such a key point. it would be crazy to conceive of jeff sessions as a resistance hero. he set the stage for ending daca, for harsher sentencing guidelines you can t say he hasn t pursued the president s agenda. he absolutely has. he mentioned the rule of law. in other words, i m not going to favor some people because they re your allies and target other people because they re not. now, susan collins, a pivotal vote in the senate told us today