good evening. welcome to los angeles.e cri m trace gallagher intro bret baier. the crisis at the southern border now spreading beyond major cities. we will look at hohow businesses are impacted by the record surge, plus, whatever happened to the w russian military contractor, the wegner group?on anald bret baier explains what additional infrastructure of tha u.s. may need to meet the biden administration s electric vehiclt,e goals. but first. breaking tonight, president joe biden prepares to win over voters after what many say was a tough year. the president is on a family vacation in the caribbean amid the expanding conflict in the middle east, the war in ukrainet and as the crisis at the bordere swells to record numbers, theses challenges remain flash points in 2024.vo as a new fox poll shows how voters think this year has gone. just 24% think 2023 was a good year, while that number has steadily risen since 2020, stilo 13 percentage points lower than in 2019. fromluca
reports said at least four people are dead after a series of powerful earthquakes rocked japan. the country secretary one buildings were demolished and the disaster. emergency crews are still working to rescue those trapped under the rubble and president biden is pledging to provide whatever help is needed. good afternoon, in new york, happy new year, and he did. happy new year to you, rich, i am in los angeles and we began the special edition of fox news live with matt finn and japan quade spirit of matt, what more can you tell us? right now most of the western coast of the country of japan is under a tsunami advisory right now. that is what they are warning. there could be a number of after shakes or quakes in the coming hours or days. so people have been urged to seek higher ground and be of high alert. we ve had some horrifying video come in the past couple of hours in the first video appears to show the inside of a home. there is a tv on the wall and a baby
welcome to a special edition of fox news live. problems piling up for president biden at home and overseas. peace looking as el useive as ever in the middle east while the crisis at the southern border spirals further out of control. despite all that merry christmas, everyone. i m rich edson. i m claudia cowen. the president is facing growing pressure to respond to houthi attacks in the red sea. the white house confirming iran has been providing weapons and intelligence on ship locations fueling a crisis in global shipping and raising tensions in the middle east. exiled iranian leader says when it comes to proxy wars, iran wrote the book. this regime has mastered proxy wars particularly emboldened and encouraged when apiecement becomes an element more reason to push the envelope. we shouldn t be surprised to see these are the kind of acts that the regime will take advantage of to try to get as much credit as possible but at the same time not bearing the consequences and
we start here in the uk because in 90 minutes time, we ll find out if inflation is continuting to fall. the rate at which prices are rising fell to 4.6% in the year to october, down from 6.7% the month before. that sharp fall was due to cheaper energy prices and declines in oil and gas prices might bring the headline rate of inflation even lower in november, with economists estimating 4.3%. in a bid to curb inflation, the bank of england has increased interest rates to 5.15%. some of you know that only too well. live now to kallum pickering, senior economist at berenberg. good morning to you, it s been a while. give us your take on inflation today, will go in the direction we wanted to? yes, it robabl direction we wanted to? yes, it probably will direction we wanted to? yes, it probably will fall direction we wanted to? yes, it probably will fall as direction we wanted to? yes, it probably will fall as you - probably will fall as you mention, a5 seem to be the estimate
expensive than a year ago. so, now all focus will shift to the bank of england and the debate over when it will start cutting interest rates. at the moment, they re at 5.25% and a quarter after successive rises to keep a lid on inflation. tell us what it means about the figures coming down and why. the market figures coming down and why. tue: market consensus figures coming down and why. tte: market consensus was 4.3, and we got 3.9. a very nice surprise. a big contributor to that was transport, fuel prices down 10.6% over a year ago, so that was a significant contributing factor. as you mentioned, food prices, yes they are moderating but we re still seeing higher food moderating but we re still seeing higherfood prices coming through. the office of national statistic have said food prices were 27% higher than they were a few years ago. there is still work for the bank of england to do. they are above 30% target. with inflation coming down faster than anticipated, it will mak