and now, our analyst is joining us now. and now, jerome powell has a number of decisions to make especially with raising interest rate. it seems there is no right answer? it seems only meh! answers here. gosh, we have had a mini banking crisis and pull back on the rates, then they are seen as not tough on inflation, and not in touch with the real economy, and kowtowing to wall street, and that is the last thing that the biden administration wants to be seen as doing. but on the other hand, if they do a hike, and a strong hike, then we may start to see more dominos fall, and that is where we are. we are at a pendulum shift. i have been doing this for 30 years, and this is the biggest pendulum shift that i have seen with the higher rate hikes since i have been reporting honestly. and how much of that needs to
companies like roblox. i own roblox stock but there s no way they should have gotten money. they went public at a $38 billion valuation. they have set something up. the bank of bismark, north dakota. if they went under tomorrow you know there would be some accounts local business people with a million bucks, some oil folks with a couple million bucks. they would not be made whole. sandra: that s the point he s making. can t do that now. you can t pick and choose. we always say they can t, but they do. they will find a way to message it. can the u.s. government cover every sinle bank account out there? if the dominos fall, say they all start to fall and it s a general panic, can the u.s. government cover it? our government is broke. we owe $32 trillion. could we really cover it? sandra: charles, just got you going. got you all fired up. good to have you here. we will continue this debate. we will continue watching the
with john berman in new york. it s shaping up to be another harrowing day at u.s. airports. more than 900 flights were canceled sunday across the country. since thursday, there have been more than 4,000 flight cancellations and another 1,600 flights already canceled today. the airlines are blaming weather problems and ongoing staffing shortages. in particular, shortage of pilots. with the busy summer travel season upon us, will this become a new normal for air travelers? our cnn aviation correspondent pete muntean is with us at reagan national airport. it seems there s no wiggle room. whenever there is any hiccup, all of the dominos fall. reporter: it s so true. there s no elasticity in the airline system in the network anymore. so many people trying to get home even today after this long weekend. these new numbers of cancellations are huge, but the cause of this really is not. we ve been reporting over and over again that airlines got a
governors to make those decisions on behalf of the people. that s what they re elected to do. that s the will of the people. from a legal perspective, is that a strong argument? no, not at all. the constitution is there to serve as a backstop to protect us from the tyranny of the majority. in fact, the ninth amendment to the constitution recognizes unenumerated rights. there s nothing in the text that says there s a right to an abortion, no, but the supreme court has found unenumerated rights, the right to vote, the right to travel, the right to the presumption of innocence and the right to an abortion. it comes out of the due process clause in the 14th amendment. if roe versus wade falls so does the reasoning and the potential impact could be on same-sex marriage, interracial marriage, and gay sex. all of those things are protected by the same argument. if this one falls, we could see all of those dominos fall as well. there s another interesting argument that s being made by mi
indiana university s policy of a vaccine mandate, and now any resistance as you and i have discussed, political. yeah. you re going to start to see dominos fall. we are seeing it with private enterprise. we are seeing it with the government and various institutions not the government. the government, yes, when it comes to government workers, what not. this is what is going to continue to happen, and this is the only you know, it is interesting stat. 86% of biden voters have gotten vaccine and only 50% of trump voters. so it is political at this point, and the politics on the end of anti-vaccine is going to lose out. dr. patel, there s so much going on around the politics of covid. we know from the white house and the president and all of the maps that we re always looking at that this is largely a crisis where hospitals are really strained and the most unvaccinated parts of the country. i wonder if you can speak to what is a sad side effect, which is the hostility breaking out