reporter: the federal reserve just made history announcing that they re raising interest rates by 3/4 of a percentage point for the second meeting in a row. we haven t seen anything like that in back to back meetings in modern fed history, but we re not in nor times. we re dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russia s invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the firefighter. they re trying to put this inflation fire out. the goal here is to raise borrowing costs and try to cool off red hot demand, and that should hopefully allow supply a chance to catch up. but you know, officials also signaled that they re not nearly done with rate hikes. they said it would, quote, will be appropriate to continue raising interest rates. and here s the problem. they re raising rates into an economy that is already showing cracks here. in the new statement today, the
cancellations. and if you add the cancelations from yesterday and today, we re at more than 1100. right now there are about 550 cancellations today alone. 2200 flights delayed. and as you know, when one flight is delayed or canceled, it has this ripple effect, this domino effect not just here in atlanta but across the world because of how important and how busy this parent is. but we spoke with one young travel who are was so wise. his parents told me you want to interview him because he knows exactly what to do to get through the airport safely and early. take a listin. we left at around 4:00 and got here at 5:00. and yeah, the lines are longer than they usually are. i think that is good to leave early and so you could make sure you have everything and be prepared. reporter: leave early and be prepared. words of wisdom coming from a 13-year-old kid who is on his way to a family vacation. i spoke with the woman on her way to belize to be with her in-laws for a tropical
good morning. it s saturday, july 2nd. i m boris sanchez. right now hundreds of flight vs been cancelled or delayed across the u.s. threatening to spoil the july 4th holiday for many people. arms are being put to the test and pushed to the brink as the number of people traveling by plane climbs to near pre-pandemic levels. staffing issue, cancellations and summer storms have caused headaches for airlines and travelers. we got to get home. we got a flight. it is going to be cancelled, they need to let us know now. it s saying my flight was last seen near new york. it s not really saying. it s not really telling me what s going on. nearly 1500 flights in the united states have been delayed so far. cancellations, as you can see, over 450. aaa is predicting that 3.5 million people will fly this weekend. an additional 42 million are expected to hit the road and drive to their holiday destination. the silver lining for those drivers and this is the absolute thinnest a silve
how can you be sure that another murder like that of jamal kashoggi won t happen again? how can i possibly be sure of any of that. the president is overseas, several senators are looking at the southern borders, including a pair of little girls found traveling alone and we will have that for you. in coming up next, the big apple being called rotten at the corner after an odor, a lot of odor complaints reached an all-time high and we begin with president joe biden. we have the details tonight. good evening. president joe biden insists that he did bring up the murder. hydrated, making it clear what i thought of it at the time, and what i think of it now, i said it very straightforwardly, inconsistent with who we are and who i am. however president joe biden said that the president of saudi arabia did not take responsibility at all for the death of jamal khashoggi. and president joe biden greeted the crown prince with a fist bump. including national security adviso
family? no he s not. has he been good for your family? he s not been good for me and my family, no. no. no. things going well or bad? down i don t think he s doing great i think he could be better. yeah. personally i don t know that s a tough question. but i think asking us any one political person has been god or not good is tough because there s a lot of factors. part of my family is republican so they say no. i think he could be doing more for us. what can he do better? first inflation prices of everything is just gone through the roof so that would be one thing. gas prices for one and overall economy. stock market i kind of have to work few extra years instead of retiring now. rather have better prices. that stuff is really gas is expensive. yeah. inflation when you go to grocery store. that is not initially no that s corporate america those are people who own gas companies. inflation it is competition and yeah. influence yeah. abso