country s borders. welcome to the show, everyone. it is now 8:00 a.m. in lviv, ukraine, and we re getting a clearer picture about russia s goals in ukraine. russia s military now confirming its objective is to take full control of ukraine s black sea coast. and key to that is a city that we ve been talking about for days now of mariupol, where an unknown number of ukrainian troops as well as civilians are trapped inside a large steel factory, a large steel complex as you can see it on your screen. ukraine s prime minister spoke about the dire situation as he met with u.s. officials in washington. have a listen. the situation in mariupol is terrible. this is the biggest humanitarian catastrophe during this and maybe during last centuries because many thousands of people, maybe many thousands of people are died in mariupol, and we will see the terrible atrocities and terrible war crimes in mariupol when it will be liberated from russians. that s the situation in mariupol.
u.s. markets plunged on friday amid fears of a hike in interest rates. the dow falling nearly 1,000 points, about 2.8%. the nasdaq and s&p 500 also down more than 2.5%. markets tumbled after the federal reserve chairman said a possible half-point rise in interest rates will be on the table at the fed s may meeting. the federal reserve does hope raising interest rates will get inflation under control in the u.s., but rate hikes could also, of course, impact consumers who have already been hit by rising energy and food costs driven by the pandemic and the war in ukraine. richard quest explains more. reporter: the market has ended the week truly unhappy with more worries about rising inflation and policymakers now talking about raising interest rates faster and more harshly than before, so there s a realization that the good times
card the bank charges the store 44 cents. that adds up to 16 billion a year for banks. those fees are scratched and capped at 12 cents per transaction. they say they need more to offset the cost of fraudulent transaction. you get that money back and that s what they are saying they need help with on that one. the run-up in the fake charges is there concern. that s why they might start capping purchases and if chase does this, wouldn t be surprised to ear banks follow along. if we see limits on debit purchases, how will that impact consumers? it s a battle between the banks and the government. the government is saying, look bei