efforts to overturn the 2020 election. oh, he s back. o donnell: out of covid isolation. in just five days, president biden is testing negative. gunmakers in the hot seat. new information tonight as we learn manufacturers made more than $1 billion selling ar-15s to civilians. the war in ukraine. cbs holly williams is with american military veterans as they train ukrainians. . reporter: this is a five-day course. they re also learning battlefield first aid and how to maneuver. o donnell: $1 billion jackpot. when is the next drawing so you can go oat and get your lottery ticket? and 50 years later. celebrating the f.b.i. s first female special agents. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening, and thank you for joining us on this busy wednesday night. tonight, we begin with the state of the american economy and the battle against inflation. the federal reserve today making an unprecedented move
to los angeles, i m trace gallagher in for bret baier. president biden and pope francis share their catholic faith against the back drop over disagreements of abortion. former president trump gets a big birthday bash as he turns 78 years old. and we look at how research in space is affecting your health here on earth. trace: breaking tonight, the supreme court at the center of attention this evening. the conservative wing leads the charge overturning a trump era gun regulation. meantime progressives fire up their base and up their ire at the supremes with attacks on one justice as a, quote, insurrectionist sympathizer. we have team conch tonight. shannon bream tells us what it all means. chad pergram on capitol hill with the details on the democratic attacks. but we begin with david spunt in washington on the specifics of the bump stock ruling. david, good evening. david: trace, good evening to you. big ruling as well. while this may be about executive power, ultimately,
this busy wednesday night. tonight, we begin with the state of the american economy and the battle against inflation. the federal reserve today making an unprecedented move to try and tamp down rising prices by raising interest rates by 75 basis points. that means the central bank s back-to-back rate hike of a combined 1.5 percentage points since june is the most since the 19iteys. wall street anticipated the move, and stocks rallied in afternoon trading. all three major indexes scored triple-digit gains with the nasdaq jumping more than 4%, the most in over two years. as the price people pay for consumer goods jumped, today s move is designed to slow the economy without causing a recession, and it comes as mortgage rates have soared, doubling since the beginning of the year. we have a lot of news to get to tonight, and cbs kris van cleave will start us off from chicago. good evening, kris. reporter: norah, fed chair
the polling, they are fairly confident going into this and you have heard from white house officials they are looking forward to this and are confident in a process that will move the impeachment does pass the house onto the senate side where they are a lot happier. bret: we ll talk more about it with the panel. it s a bit like christmas coming early for the white house, wall street having a big day. the dow surging 221, the s&p 500 and the nasdaq closing again at record levels today. the s&p 500 gaining 27, the nasdaq jumping 23. if they are worried the markets about impeachment it doesn t look like they are expressing it. the other top story is the impeachment saga, the members of the house judiciary committee are expected to vote sometime soon to send articles of impeachment to the full house. we have been watching it all day. no witness testimony, just back and forth between members, democrats and republicans arguing, it started last night and continued all through the
while hillary is riding high, the bush campaign is in a far more difficult spot, but still hoping for help from an oval office alum. up next, how the death of several isis leaders impacts terror. we ll have an update from the pentagon. but first, the cnbc market wrap. we did have a mild rally, the dow climbing 192 points, the s&p up by 21, the nasdaq jumping by 66 points. oil prices bouncing back almost 3% today as winter temperatures finally take hold in the u.s. and amazon shares climbing about 3% to a new all-time high, up more than 120% this year, second only to netflix as the s&p 500 s top performer of the year. that s it from cnbc, first in business worldwide. that s charmin ultra strong, dude.