Sector. And as we cover here one explanation is greed and that these you know they used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing that persons going to go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the basket of c. P. I. Dont put in the basket of the inflation index that they use to report on Inflation Health Care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing Price Health Care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. To get to work you need a car to get to the hospital and these are things that are not included in the basket so now the
Means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. The largest banks have a delinquency rate of 2. 58 percent so half of what youre seeing in the subprime sector. And as we cover here one explanation is greed and that these you know the used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing the person could go bankrupt so the missing inflation number has been discovered right because as you point out he dominic adjustments. Hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the ba
leaders of the world s wealthiest democracies sent a message to russia and china during the second day of the g7 summit. ukraine president volodymyr zelenskyy is among the non-member leaders invited to the summit. he is boosting support for his country in the war with russia. zelenskyy is expected to address some leaders tomorrow, but today he held sit-downs with some leaders. providing military aid to ukraine was one of the items for the g7 leaders, but the leaders of japan, germany, italy, united kingdom and the u.s. issued statements on china to help end the war in ukraine and establish sustainable economic relations. ongoing negotiations over the debt ceiling have been a subject of interest at the gathering. during a meeting with australia s prime minister, president biden was asked about the talks and said negotiations are progressing as he expected. we have team coverage. jasmine wright is live in washington. nic robertson is standing by in ukraine. let s start with
we made it to saturday. i m amara walker. i m victor blackwell. there is a story coming up that has 95,000 comments ook cross t across the country. the usda banning chocolate and strawberry milks in school. and some people say this is how they get their calcium. so we ll have that for you. and a high stakes summit, president zelenskyy arrives at the g7 summit to boost support as russia escalates the war. he is expected to meet with president biden who faces challenges of his own here at home, dead lockeded on the debt limit. can a deal be reached before time and money run out. and plus signs of possible survival. colomblolombian officials race d four children after a plane crash. and brittney griner back on the court for her first regular season start. we ll show you her emotional return. and national guardsmen accused of leaking a strove of classified documents to social media and the defendant remains in custody. off the top, president zelenskyy is in hirosh
solidarity with other industries. while this incident came about spontaneously, they did find that organizers from amazon and starbucks unions showed up to help them and vice versa. sneets. thank you so much for joining me. i m fredericka witfield. president biden will be meeting with president zelenskyy at the g7 summit in japan. ukraine already scored a key victory after the u.s. has signalled it will now permit allies to send f-16 fighter jets to the war-torn nation. other g7 leaders issued a statement of support, saying, quote, we reaffirm our unwavering support for ukraine for as long as it takes. high on the agenda, western leaders are also weighing in on how to confront china s increasing military power. phil mattingly is in hiroshima, japan. what can we expect from this highly anticipated meeting between biden and zelenskyy? reporter: you know, the symbolism is obvious. we ve seen it not just here in hiroshima, but also over the course of the last ten days with pr