dramatic new video released by the u.s. military showing the moment a russian fighter jet harassed a u.s. drone over the black sea forcing it down. this was also part of a pattern. a senior russian official promised they would try to recover what they could from that drone. kremlin spokesperson saying today that the relations between the two countries are at the lowest point. we don t want to see any escalation. there is it no need for that. georgia investigators have another recording pressuring election officials to overturn the election. third phone call is to the speaker of the house of the georgia state house. what this would show me is donald trump had a specific strategy and approach about how he was going to go about pressuring the state officials. donald trump wanted it done and went person by person to try to get it done. fears over the broader banking industry are local. the central bank is ready to bail out credit suisse if necessary. markets are
let s talk to steve more about this. steve, the problem is inflation is at decades high. recession around the corner. it s a heck of a one-two punch. you better believe it. the good news is that the inflation rate has come down a little bit the last two or three months, charles. that s good news. we went from almost 9% inflation this past summer to now we re down to about 7.1%. as you just said, that is still the highest inflation rate we ve had in 35, 40 years. so americans are feeling the punch. their wages and salaries have only gone up by 5 or 6%. that s one of the reasons that you reported that credit card debt is going up. people are trying to maintain their standard of living but paychecks are not keeping pace. i m nervous. i think inflation will come down in 2023 from the high rates of 2022. but i also think that the economy shows real signs of slowing down. i pray we don t crash into a recession. but we sure could. charles: steve, that s what i m concerned about.
but most staff think it is. so who s right? we ll be hearing from the ceos of microsoft and linkedin. a new era for britain. that is how the new finance minister chancellor of the exchequer kwasi kwarteng is billing his plan for boosting the uk economy. mr kwarteng will be announcing the full details in the coming hours. but we already know the direction of travel. cut taxes, rip up regulations, and encourage more investment by the private sector. the government s already confirmed massive support for households and businesses to limit soaring energy bills this winter to be paid for by more borrowing. but some critics have questioned the affordability of the plan. and others argue lower taxes will do little to help the poorest in society. coletta smith reports. we will sit in here. i will brin: we will sit in here. i will bring it we will sit in here. i will bring it over we will sit in here. i will bring it over for - we will sit in here. i will bring it over for yo
i hope you are right. you have folks lake ray dalio, who funded one of the biggest hedge funds, likely the bank failures will be followed by many more problems. the next two years will be a risky time. larry summers told me about a credit crunch with rapid interest rate increases. how can you be sure? well, i can be sure because you look at the current data and the current data says there isn t it comes out every quarter. there is no credit crisis. credit looks pretty good at the banks. we don t have any credit problems to speak of. and i don t think most of the regional banks do. you know, auto venture capitalist, head of a firm as a talking head doesn t speak for the nation, the industry. i have been doing this 20 years and i would say that we don t have a crisis. yeah. trying to calm nerves. final message and i got 20
washington. that is a good idea since we ve gone to extremes. you know, it s not over until it s over. i think the difference of whether or not the grinch is coming for 2023 or larry s silver lining will be in is whether or not we have credit problems. that s the background, if people massively defaulting, that s where we ll see it. merry christmas. charles: merry christmas to you. thanks thou both very much. thank you. charles: 2022 already in the rear view mirror. voters have 2024 on the minds. new fox polls show americans might want new blood in the white house. how much can you take to your families over the holidays. mom and dad, go hide.