katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5
With gusty winds, rain and mountain snow. Short term. Periods of mid level and high clouds will continue to stream across the sierra and western nevada through the week. Although High Pressure will flatten this weekend it will reestablish along the west coast and keep the storm track deflected into the pacific northwest. Temperatures will continue to remain above normal, but the amount of cloud cover across the region will keep temperatures lower and below wesley ford. The man Police Believe is the suspect in a stead gas station robbery. Has now also been linked to a police chase in the same area the next day. Police say it all started robbery at the maverick gas station on stead boulevard. Police then say on tuesday ford stole a truck and led them on a chase. Stead and silver lake elementary schools. As well as Obrien Middle School were all put on lockdown. Ford is facing several charges including robbery and grand larceny now initially. Detectives said 19 yearold rylin wolfe was a su
Winter storm into the region this wednesday and thursday. Winter storm watches remain in president obama will address the recent controversy over a replacement for the Late Supreme Court Justice Antonin Scalia today. Democratic president ial hopeful Hillary Clinton says the president wiill nominate a judge whos currently serving on the federal appeals court. The white house is now leveling its own blows at republicans in the deep political standoff that started only hours after scalias death. This is a Republican Congress that has a lot of practice saying no, but i also want to point out that this is not the first time that republicans have come out with a lot of bluster only to have reality ultimately sink in. President obama vows to fill that Supreme Court seat by constitutional duty, saying theres still plenty of time for him to do so. Turning now to Northern Syria where several hospitals and a school have come under attack. These are the First Arriving on scene where at least 22 pe
Good morning. Its thursday, february 18th. Im Amanda Sanchez and im dave lawrence. Its a first alert day. The winter storm dropping snow down to the valley floor but fortunately. Most of the problems seem to be in the mountains. Kolo 8 news nows rebecca kitchen is live from gold ranch where traffic has been stopped since early this morning. Officials with caltrans say interstate 80 at stateline is closed due to severe weather. All vehicles are being turned around at the gold ranch casino exit on i80. They say semi trucks and four wheel drive vehicles are getting stuck in the snow, causing multiple clusters of cars to block sections of the interstate. Its not clear when i80 will be back open. Stay with kolo 8 news now for any updates. A fastmoving, but intense storm system will bring wind, rain, and snow to the area through thursday. Wind will be gusty, especially east of the sierra crest through the evening in the sierra and change over to snow below 7000 after sunset, and around the t
I think it will be very difficult for mr. Mcconnell to explain how if the public concludes that this person is very well qualified that the senate should stand in the way simply for political reasons. Senate minority leader. Harry reid of nevada said he met with sandoval, and thinks he would make a Good Supreme Court justice. Reid also has officially endorsed Hillary Clinton for the presidency. Shes a person who is a very quick learner, all you need to do is look at what happened after 9 11. She did a good job. She fought for new york like ive never seen anyone fight for anything. Reids announcement comes after clintons victory. In saturdays nevada caucuses. This could give clinton a boost. Heading into next weeks super tuesday. When democrats will vote in 11 states. Now to an update on the future of wildcreek golf course. Which could be determined today. Convention and Visitors Authority is meeting this morning to decide course at north mccarran and sullivan, or sell to new owners. We