good evening, matt. hi, bret. within the past two hours police say they arrested 21-year-old carlos domingo two counts of homicide and one count of attempted murder. dough ming gas had ban student until last week. now they are classifying him as a serial killer investigators are searching that suspect s home right now. we have fresh individual grow show you. the davis police chief credits this arrest to 15 callers who phoned in police yesterday when they saw a person matching the suspect s description. police say dough ming goes was taken into custody at the same park where one of these murders happened. detectives found he had a hunting style knife in his backpack. the suspect s criminal background is not clearly known and not clear whether he knew any of the victims. police say there were three separate stabbings over the past week that they described as notably virches and brutal. first victim one week ago 50-year-old david bro stabbed in a park with no eyewitnesses. two
clarifying another key detail of what happened that day. a teacher say he did close the door that the killer used to get inside the school but the door was not locked. this contradicts an earlier claim by police that the teacher had left the door propped open. the town of uvalde is also continuing to honor more of the victims today. funerals today for a teacher who died protecting her students and also one of the young students killed. let s begin with cnn s shimon prokupecz who is live in uvalde. shimon, you spoke with the police chief. what more did he say about all of these questions that are swirling? reporter: well, he s not answering the key questions as to why he made the decision not to send officers in to take the gunmen down, right, the dps, head of the dps, the department of public safety who was running this investigation told us on friday that he was the on-site commander, that he was the one making decisions, and he was the one who ultimately decided that the
chair didn t see and i m not necessarily thinking, elizabeth warren that, we need to add more regulations here. i want to know why the ones aren t being focused on now. bret: this comes on a back drop where the debt ceiling and raising the debt limit and budget negotiations start next week. it could get messy. it s crunch time. june 1st is the target date. a lot of folks, larry and i talked about this earlier today are watching and there is some really interesting things happening in the market as a result in anticipation of getting closer to that. you ve got this rising interest rate environment, that s greatly what is affecting those banks. this rising interest rate environment is causing a lot of concern out there. watch oil. larry, you and i talked about this earlier, too. oil prices are now $69 a barrel. they were $122 in june of last year. there s some red flags out there that we might be into a recession, already in one. maybe entering one. that s going to be a big question
they are not guaranteed. okay? and as you said that s taxpayer money if they get bailed out as some of them have. i also think one of the most remarkable things is you have got a bunch of banks on the west coast under the jurisdiction of the federal reserve bank of san francisco. whose president mary daly has much more concern about climate than inflation or interest rates. and her bank examiners either, bret, either they didn t do their job or they did their job or their president didn t want to listen to it. something went very wrong inside the federal reserve system. there is corruption inside the fed investigated it. nonsense. there has to be congressional investigation with witnesses and open hearings under oath to tell why didn t the examiners see what was happening? bret: the wall street journal pointed out really the only presidential candidate talking about this is vivek
mentioned the war in ukraine. that sort of thing, but really, janet yellin was simply making a statement of the office. yes, she did not appreciate how much inflation was likely to rise as jerome powell the fed chair didn t anticipate it and many private forecasters. they said at the time in the administration that as they balance the risk, they thought the risks of going small were greater than the risks of going big. they went big. it does appear now that people like larry summers who warn that they were going too big were justified. more overheating of the economy than they expected. what biden has to do now, this is a political problem for him. the substantive handling of the issue is really up to the federal reserve, and so when biden issued his plan yesterday, number one, in about 90% of the plan was saying, i m going to let the fed do its job.