right now on the story, we re awaiting word from the supreme court as the push continues for the justices to tackle former president trump s disqualification from the colorado ballot. on the ballot for now, after an appeal by the state s republican party. this as the gop frontrunner faces a new challenge in the election interference case. special counsel jack smith asking the judge to limit what trump can say during his expected march trial. writing he shouldn t be allowed to propagate irrelevant disinformation or inject politics in to this proceeding. trump firing back that smith wants to take away my right of free speech. jonathan turley standing by with his analysis. first to fox news legal editor, carrie kupec. this filing from jack smith, you think it s necessary or overkill? where does it go from here? it reminded me a lot of the gag order that jack smith wanted in september. that was a gag order that the aclu characterized as election interference. it would limit h
martha maccallum. later this hour, mike rowe is here on a story you probably won t see anywhere else. right now top biden officials including secretary state blinken and alejandro mayorkas meeting with the mexican president. a caravan up to 10,000 migrants makes its way to the u.s. sources telling fox the past three months have seen some 730,000 migrant encounters at the border. that is bigger than the populations of major cities like denver, nashville, and boston. let s bring in k.t. mcfarland and robert charles, former assistant secretary of state under president george w. bush. welcome, merry christmas, happy new year. k.t., to you first. it s interesting because we have been covering this on fox news channel since the border crisis, since the day president biden took office, right? and you look up at all the other networks are not covering it. i look up today, everybody is covering the border. everybody has people down there. that is bad news for president biden. yeah,
it s not easy these days. mortgage rates have hit the highest level in 22 years. the 30-year fixed is now averaging 7.23%. that s a look at the average jump in monthly payments from two years ago. we were just under 3%. remember that americans also have a record credit card debt. moving your money around to try to pay the bills and the mortgage, people are dipping into their credit card reserves as well. kevin o leary will be with with his advice on how to manage this. first to fox business white house correspondent, edward lawrence. hi, edward. hi, martha. jay powell is hinting that a little more pain for americans is coming in the form of another rate hike. one of the reasons he s pointing to that is bake of the economic growth that we ve seen over the first half of the year. too hot to bring inflation down like he would want. as we ve seen with president joe
he boosted another half point today. the fed is signalling that they need to do more hikes through 2024 in order to wrestle inflation down to 2%. it s above 7. they have to get it down to 2%. that s the target rate. that takes some muscle and some finesse, a little bit of both. stephen moore is standing by. first to fox business correspondent gerri willis. hi, gerri. hi, martha. the federal reserve raising interest rates 50 basis points. that s half a point. they re signalling that there s more rate hikes to come in 2023. the hike is the smallest rate increase since the fed started hiking rates in march. markets not happy. can t make up their mind. they had opinion hoping for a clear signal that jay powell and company are about to slow or stop rate hikes. powell in comments said that the federal reserve sees modest economic growth ahead.