james in the front row. bill: as this starts to get underway here we ll watch our team inside the courtroom and let you know how it goes blow by blow new york city right now. dana: another big day. also this is important for you to know inflation came in higher than expected in december up 3.4% compared to december of 2022. still the biden administration is touting the president s economic policies as americans struggle to make ends meet and edward lawrence is live from the white house and break down the numbers for us. hi, edward. the numbers remained basically level from last month and the core inflation, that was at 3.9%, the sticky inflation that s really hard to get rid of. 3.4% was the overall inflation number. the increase in prices. not a business guy. the markets will be watching for interest rate cuts. the inflation report hotter than expected matched the hart than expected jobs hurt with the federal reserve will not cut rates this meeting.
on speakerphone. bill: they might be able to run out the clock in congress but the federal case in l.a., he will have to answer to nine federal tax charges. that will happen sometime this afternoon and we ll watch it. miranda, thank you for your time and talk soon. new york post, miranda devine, thank you. letitia james, all she thinks about is get trump. she has been dreaming about it for years. it s not the way a state should be run. dana: former president trump is now in a new york courtroom as i speak. the civil fraud trial clashing with his presidential campaign. a new day and new threat from iran. will the united states responds? we ve seen them force commercial vessels to divert and now defind against missiles coming at our naval ships in the red sea. the direct result of codling the iranians. you can be a free, hot breakfast hero at a comfort hotel. yes! that s how you waffle!
could last into years. obviously an appellate court will have a lot of interest in this case and move things more quickly. we see that happen all the time with donald trump. appeals can take a long time. bill: the point dana made. there is no precedent for the state of new york to put somebody on trial an convict them for misstating a value of a piece of property. this is the first time. if it were to reach the new york state supreme court level, is that republican, is that democrat in a blue state like new york? what s the breakdown. you are looking at democrat judges in the state of new york. at the end what they are going to be looking at are two separate things. abusive distraction or error. the standards you talk about in appeals courts. so the different legal issues and factual issues at play at each stage of appeal, the trump team will bring those up and seek the relief. they haven t found much favor from the appellate courts yet.
great degree of skepticism where he doesn t have a jury. the judge is reaching decisions pre-trial. these are concerns for the state of new york and the people who do business here. dana: thank you for being here. bill: thank you very much. you saw the town hall late last night in des moines. that wrapped up around what, it was 10:00 our time, 9:00 in iowa. which means the president flew back to new york late last night. got in after midnight likely. here is how he summed up his case seeking another term. i have polls that show leading by a lot nationwide. chaos at the border and military, people are going woke. the biggest tax cuts in history and regulation cuts in history. i had no wars, i m the only president in 72 years, i didn t have any wars. we had an incredible four years. again, the greatest economy in the history of our country with no inflation. pretty good. i think you are going to see something like you ve never seen
to own it. money managers hope you will make it a staple in your 401k and ira. the sec chair says investors should remain cautious about the risks of crypto. on one hand you have this and the other hand that. etf has been out there on the big coin thing. i ll see what everybody else does and follow the herd. in all likelihood i will lose. dana: i m tired of trying to understand it. i ll focus on 2024. happening in new york city close the borders. let s deal with the situation instead of putting the american citizens in a predicament where you have other people over them. it is unfair to each and every tax paying american. not only in my district but in this country. it is not fair to us.