conversations with investors in the lead-up to this decision. and there is this thought floating in the market that while we could see stocks sink and sell off on the back of a more aggressive jerome powell, it could be interpreted as positive in the long run because it would signal that the fed is willing to do what it takes to get ahead of the curve and stop inflation from spiraling out of control, which at this point is seen as a bigger risk than the negative impact on growth from higher interest rates. u.s. futures point to a steady start in the lead-up to this decision. juliana, as you well know, it s first quarter earnings season. and we got numbers after the bell yesterday from lyft and airbnb. tell us what they are and how are investors reacting. well, john, this earning season a lot of the most interesting results have come after hours. so yesterday we heard from lyft. lyft plummeted in after hours, after the company said that effectively they re going to have to invest mo
so, we re taking this to italy. refresh. because subway now has italian-style capicola on the new mozza meat and supreme meats. love the smell of italian food. subway keeps refreshing and refres- time now for business, and for that let s bring in cnbc s julianna tatelbaum who joins us live from london. juliana, big day today. federal reserve will make a decision on interest rates. the u.s. stocks rose yesterday ahead of it. what do you think we re going to get? well, the day is finally here, john. a lot of buildup to today s federal reserve decision. the expectation firmly that we will get a 50 basis point or half a percentage point rate hike from the federal reserve. we re also expecting the central bank to formalize its plans to shrink its $9 trillion balance sheet. all of this as the fed looks to take on a more aggressive stance when it comes to policy. and i ve been having a lot of
recommendation that people aged 2 and older wear masks on transportation. the cdc says masks continue to be an important tool for stopping the spread of covid-19. the court struck down the mandate on planes, trains and other public transit. the doj is appealing the rule but did not seek an injunction to keep the mandate in place while it awaits the decision. this is about preserving power to do so again down the road. authorities in beijing, meanwhile, have announced new measures to contain a growing outbreak of covid-19. officials in the city have banned dining in restaurants and have ordered entertainment venues to close. residents must also show proof of a negative covid test before entering the public spaces. beijing yesterday reported 53 new cases that s a relatively low number compared to shanghai which has reported more than 5,000 new cases and is now in its fifth week of total lockdown. joining us now to talk all things pandemic infeck shuz diseases physician founding