more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won t see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. and i want our viewers to enter understand what this really means for them, for their wallets. and i know you ve pulled a few examples. yeah, i ve been working the phones. let s start with credit cards. we ve already seen credit card rates accelerate quite rapidly this year. and right now the average rate is about 17.5%. according to bank rate, if you are holding a $5,000 balance which is the national average, you have a current ampt pr of 17.25%, if
dresses his wounds as well as the pediatrician of the town of uvalde and he was there with the families at the moment they learned their child would not come home. he will never, ever get those mother s screams out of his head. i raced to the hospital to find parents outside yelling children s names in desperation and sobbing as they begged for any news related to their child. those mothers cries i will never get out of my head, but what i did find was something no prayer would ever relieve. two children whose bodies were pulvarized, decapitated, whose flesh had been ripped apart that the only clue was the blood-spattered cartoon clothes clinging to life and finding none. i can only hope these two bodies were a tragic exception to the list of survivors and as i waited there with my fellow uvalde doctors, nurses, first responders and hospital staff for other casualties we hope to save, they never arrived. all that remained was the bodies of 17 more children, the two teacher
A recap of the days news. You have gone to a District Trump won by 11 points. That romney won by 10 points. And now, it is a squeaker. Mo, what for frz. John. You lost, we won. You have to thing about it this way. If they needed the president to get him over the hump in supremely red district that should tell you that the district was in jeopardy. The best read you could give. What that means is there is a surge of momentum at least in this area. We cant necessarily transpose that sort of rest of the nation. But it does suggest that, that the president is not as popular, because that was a plus 11 district. You are right. Except, i wantup to have more momentum. Because you are going to keep losing. Peck pick up the senate and keep the house. The plan for the republicans. More momentum. Campaign on the strength of the economy. As well as trump tax cuts. For, for the, the november mid terms. That its the hope they believe. Actually, you know, maybe holding on to the house. Through tax cu
This is happening and there is no danger at this point to people there in the vicinity outside of the venue itself. The venue, Country Music hall, 2500 ft. , a massive space, paramedics, Sheriff Deputies, all of them working the scene. We will continue to follow this as it continues to develop. We continue our breaking coverage. Jillian we continue this fox news alert, breaking News Coverage of the Mass Shooting in california. Rob a look at the scene live from above. 11 people confirmed at last check have been shot inside this bar and restaurant. That includes a sheriffs deputy after a gunman storms this Pact California Restaurant and bar overnight. Here is a live look at the Borderline Bar in Thousand Oaks
40 miles northwest of los angeles in the San Fernando Valley. Jillian it is not clear anyone has died. 11 people have been shot, hundreds were inside at the time of the shooting. Officials say the suspect is contained inside but the suspect is not a threat to the community outside.
Investigators believe the suspects have gang ties in the Inland Empire and are responsible for other unreported home invasions, assaults and extortions of local business owners.