said for the year. absolutely, and a lot of the story since the market opened this morning, the dow jones currently down 800 points, about 2.7%. if it stays at that level, through the market close, in about an hour, that would be the lowest level that we ve seen the dow in 2022, and what has already been a brutal year for markets. and the big reason for all of this, have to rewind back to wednesday when the federal reserve, the nation s economic steward raised interest rates for the fifth consecutive time this year. that s to try to raise borrowing costs, to take some steam out of an overheating u.s. economy and which has led to the high inflation that we ve seen. the concern though, that the federal reserve is going to have to slow the economy too much, to get ahead of that high inflation. the fed chair jay powell saying earlier this week he s not sure if this process leads to a recession. that s why you have some on wall street calling for and projecting an increase in th
generators water, and preparing to hunker down for days on end in their homes without power because they expect the power to go out. earlier today, the mayor says when it comes to this storm, if you re scared, you re smart. here is more of what he had to say. don t go to the water and try to be a bigshot. don t surf. we ve got suv are suving here. that s great. but don t surf in the hurricane. and don t go out there. pay attention to your own health. and it is not just yourself but folks may be called upon to rescue you, and that takes effort away from other things. to give you an idea of the precautions, the ferries that take people from hall fax to nearby towns including dartmouth, the public transit along the coast of canada, they re shutting it down and frankly this board walk and this nice little coastal town, they are closing this down later on tonight and an official telling us she can t remember that ever happening before. that s how scared people are.
middle east. nicholas burns, it s always a pleasure to see you. thank you for your time. france and entire region on edge after the terror attacks. security concerns prompted the evacuation of two stadiums, one set to host a concert and other a soccer match between germany and netherlands. thousands were evacuated 90 minutes before the game canceled after intelligence said an attack was planned. angela merkel was to attend the game and they said security agencies made the right decision. two air france passenger jets flying from the u.s. to paris have been given the all clear after they were diverted due to anonymous threats. one diverted to salt lake city and other on the way from the washington, d.c. area rerouted to hall fax, canada. a spokesperson says the flights received threats by phone after takeoff. both aircraft were searched and no explosives were found on
at least four people killed. the u.s. says all of its personnel those are safe. five australian teenagers are in custody after authorities accused them of plotting an isis-inspired terror attack on police officers. the prime minister says police conducted a series of raids in melbourne after learning at take could have come within the next week. four british sailor as rested in canada accused of raping a woman. the suspects all members of the royal navy hockey team. that has been in hall fax for a tournament. prosecutors say the assault happened last week at a post game party at the air force base. now we turn to the conflict in yemen frich yemen. friday president barack obama agreed to a negotiated political, wasness e necessary