market after government borrowing costs soar to a 20 year high. no end to the strong dollar. us interest rates are going higher and staying there for longer, according to policymakers at the federal reserve. also coming up: digging ourselves into a hole. how climate change is threatening the world s soil and our future food supply. we start here in the uk, where pressure is growing on prime minister liz truss and chancellor of the exchequer kwasi kwarteng to rethink their economic plans. financial markets have been in turmoil since they promised £45 billion worth of tax cuts funded by borrowing in a mini budget statement on september 23rd. the chancellor is due to set out how he will fund the package and reduce debt at the end of the month. facing questions in parliament on wednesday, the prime minister ruled out scrapping her tax cuts, but said spending on public services wouldn t be cut either. we are spending almost £1 trillion of public spending, we were spending 70
new reporting tonight from the new york times. then, the senator from south carolina once abortion restrictions nationwide. the rules according to lindsey graham. plus, our complicated economy. gas prices may be down, but almost everything else is up. who s to blame, and how do we fix it? as the 11th hour gets underway on this tuesday night. . to be running once again, i m stephanie ruhle. we ve got brand-new reporting from the new york times tonight about the likelihood of the prosecution of former president donald trump. katie benner is one of our next guests, she and her colleagues write this. the department could continue potential charges against mr. trump, much sooner in the mar-a-lago documents case then in the january six investigation then the people the report goes on to say that it s an ugly that merrick garland would be in a position to lobby criminal charges against or in the documents also this evening a federal judge in florida has unsealed more information
gas prices may be down, but almost everything else is up. who s to blame, and how do we fix it? as the 11th hour gets underway on this tuesday night. good evening once again, i m stephanie ruhle. we ve got brand-new reporting from the new york times tonight about the likelihood of the prosecution of former president donald trump. katie benner is one of our next guests, she and her colleagues write this. the department could continue potential charges against mr. trump, much sooner in the mar-a-lago documents case then in the january six investigation then the people the report goes on to say that it s an ugly that merrick garland would be in a position to lobby criminal charges against or in the documents also this evening a federal judge in florida has unsealed more information from the affidavit or the fbi used to get the mar-a-lago search warrant done weeks ago. geoffrey berman weighed in on that investigation. what strikes me as the most significant revelation, is t
trip is the situation with saudi arabia, the topic of the conversation is expected to be oil and energy. highest inflation rate since 1951. mark ed ith has more. both leaders expected to cover a lot of ground and expected to sign a joint declaration. the president got a look at the dome defense system yesterday. we expect iran to come up, both leaders believe ieshgsz ran should never be quire a nuclear weapon. every issue matters to our mutual future. we re united in our shared values and our shared vision. tomorrow the president is off to saudi arabia, could be the most controversial stop of his trip. he is not expected to hold a news conference there. he has called the nation a pariah. there is a news conference today two hours from now, different topics will be asked. carley: the trip is focused on foreign policy. i m sure reporters will ask about inflation, the number came out yesterday, worse than expected. it was way worse than expected. prices within the last
what a crazy day in the markets and for the economy. just when we thought the inflation news couldn t get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantime, you have america s biggest banks kicking off what wall street sees as a crucial earnings season to check on the health of corporate america. the biggest lender in the country, j.p. morgan and jamie dimon confirming that his prediction of a economic hurricane down the road has not changed. he points out that the u.s. economy continues to grow in the job market hand consumer spending remains healt