yevgeny prigozhin called off his rebellion after 24 hours of mayhem. roadblocks to stop his wagner forces are filled in, as the crisis is diffused. after a direct threat to his leadership, the questions over vladimir putin s future. well forces in ukraine assess how the turmoil will affect the progress of the war. also this morning, the public toll, they can now call 999 after earlier technical fault. plus, labor calls for mandatory help for homeowners struggling to meet rising mortgage payments. and the princess of wales takes on roger federer as she praises the work of ball girls and boys ahead of wimbledon. good morning. now, the rebellion by the russian mercenary leader yevgeny prigozhin appears for now, to be over. the russian president vladimir putin called it a knife in the back of our people, and said that his forces were traitors. but a deal has now been negotiated by belarus and the kremlin, said the rebel leader will be allowed to leave the country and his fighters
good to be with you. i m chris jansing in for katy tur. as we come on the air, the federal reserve has just spoken. i am told they are raising interest rates three-quarters of a point as the fed hopes to cool off the economy, slow down growth and in turn control inflation. that change can t come fast enough. inflation is at yet another record high, 9.1%, but this key question remains. will it help americans who are clearly hurting? the average cost of groceries has skyrocketed. a dozen eggs, $1.07 more expensive than last year. milk is now $4.15 a gallon, a nearly 60% increase from this time last year and ground beef $5 a pound compared to just $4.56 compared to 2021. gas is now 70 cents cheaper per gallon compared to a record high last month, but for a lot of folks, that is small consolation in the larger picture. we have a lot to talk about and a great panel to talk about it. host of the 11th hour on msnbc and senior business analyst stephanie ruhle, robert herzog and host
Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing Prices Higher so it depends on that. Pushing Prices Higher so it depends on that. 0k, we have the sense depends on that. 0k, we have the sense of depends on that. 0k, we have the sense of how de
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elements to the government s response. the independent monetary policy interest rates which you have described, controlling public expenditure, and then helping with those additional costs. so we have helped with those energy bills, they extended that in the spring budget. but thank you for coming down, anyway. the big thing here is mortgages, isn t it? can i just point out that i think by putting one screenshot on your screen, you failed to show the fact the interest rate pressures across europe and across many of our allies, australia, canada, the u.s., interest rates have gone up, the fastest rates since the 19 80s. this is a common experience. obviously, you are right asking what is happening in the uk, i am telling you that. what i am saying it s not one single thing i can do, which will resolve this in one month. okay, fair enough. you make a good point, actually. the problem for us is that ours is stuck, what others are going down. let s, let s interrogate some