is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgage rate
it s the top of the hour on cnn newsroom. i m alisyn camerota. hurricane ian just made landfall as a category 1 storm on the south carolina coast. it hit near georgetown, between myrtle beach and charleston, and just as it did in florida, it s bringing life-threatening storm surge and heavy rains. it currently has 85-mile-per-hour winds. the tide has been going up in myrtle beach by a foot an hour. look at some of these images on your screen right now of all of the flood waters in myrtle beach. in north myrtle beach, this pier collapsed during the storm. obviously, we ll see much more damage once the storm passes through this area, and then in florida, utter destruction after the west coast got hammered. at least 25 people are dead as of last count. officials warn, though, that that number will likely rise. some areas like ft. myers beach are still impassable at this hour. stores and homes there have been reduced to shells, even if they are still on their foundations. a loc
path the danger is real to state the obvious. please obey all warnings. brian in florida desperate search and rescue efforts underway this morning. at least 10 confirmed dead. officials warn that number likely to climb. significant damage that i saw was on fort myers beach there have been more than 700 confirmed rescues and there is likely many more than that. brian: there you go. before and after photos showing the extent of the damage in fort myers. curfew being enforced there to prevent looting. more than 2 million people across florida still have no power. we have live team coverage this morning. meteorologist adam klotz is standing by with ian s latest track. but, first, fox weather correspondent robert wray is live in fort myers with a look at the damage. robert? yeah, it s tremendous. it s really everywhere you look. and especially when you start heading down to fort myers beach where all those rescues have occurred and where governor antioxidant just talked ab
welcome to our special coverage. remembering the queen, ushering in king charles the third. it is also the 21 year anniversary after 9/11 attacks, we will take a look how that was memorialized today. on this third day of mourning, in the uk, the coffin of queen elizabeth, has ended a six hour procession of and now resting in edinburgh. the coffin will be flown to buckingham palace on tuesday, wednesday, she will lie in state, until the funeral, september 19th. along that six hour journey, tears for the queen and then back at buckingham palace, cheers for the new king. well ceremonial proclamations played out in other territories, it is the scene from cardiff, the capital city of wales. to whom we do acknowledge, all of faith and obedience, with a humble affection. beseech in god, by kings and queens terrain. to bless his majesty, with long and happy years, terrain over us. your eyes are not playing a trick on, you this goat s unofficial military mascot. with us from l
raphael warnock was just obviously a tremendously and profound person. i spent some time with him on the trail in georgia in the last election and you never lost sight of the fact that he was john lewis s pastor irreverent. he is a force of nature. thanks to you at home for joining us. when hurricane ian came ashore last afternoon, we knew it was one of the strongest storm to ever hit florida, or ever hit the united states period. and after a terrifying night in southwest florida, they like brought harrowing evidence of the destruction in storm like that brings. this is fort myers beach, one of the barrier islands that ian slammed into as a nearly category five storm. before the her again, it was a popular beach destination for resorts and restaurants. as you can see, much of it has been leveled. one local resident told local paper quote fort myers beach is gone. this is the causeway leading to sanibel island just west of the fort myers beach. it s the only road to that isl