hello again, everyone, thank you so much for joining me. i m fredericka whitfield. major breaking news, moments ago the cdc s vaccine advisory panel voted if favor of authorizing the pfizer and moderna covid vaccines for children between the ages of 6 months and 5 years. the white house says those vaccines will now be available in states as soon as next week. cnn s miguel marquez has been following this key vote. miguel, this is a welcome moment for many parents across the u.s. and a lot of pediatricians who had been hoping for this. reporter: a lot of people across the country hoping for this. look, it is not clear how significant uptake will be, given where we are in this pandemic. but certainly this was the last big tranche of americans who weren t able to be vaccinated, almost 20 million of our youngest, most vulnerable americans who will now soon be able to get two different vaccines. they had a long meeting today, they took a lot of questions. they had questions and s
christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had to say
what trump s innermost circle thought of his election fraud lies. detached from reality was the polite way of putting. president biden wrapping up a speech in philadelphia to the aflcio convention. the president s argument, times are tough, but he should be trusted to get us through the economic pain. and the president got political saying a republican wave in november would bring a renewed attack on two sources of security. the president says republicans would put programs like medicare and social security at risk. our cnn white house correspondent is traveling with the president in philadelphia. john, the president was relaxed because he was among friends. talked about the economics, but he also talked politics. he did. look, this was a president, john, who was reveling in the applause of his friends in the union movement. he s always said from the beginning of his presidential campaign that he s a union guy. so he talked about the positive aspects of his economic record.
his planned trip to the middle east including saudi arabia. on capitol hill lawmakers are racing to put together a new bill that addresses rising gun violence and pass it all before the july 4th recess. we ll discuss with congressman salud car ba hall. we ll highlight the key races to watch with steve kornacki at the big board. we ll bring you an update on the fight for ukraine s donbas region which ukrainian president zelenskyy says will go down as one of the most brutal battles in and for europe. we begin with the growing unease over the state of the american economy. right now the dow jones industrial average is 141 points 140 points up. you see the index at 30,654. this is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, having
6th committee to testify. what we know about that. and burn bits. senators just announced a bipartisan bill to help veterans exposed to the toxic pits that have been linked to cancer. an iraq war veteran explains what this means for those that served. we will, though, start in seoul, the first stop on the president s trip to asia. and white house correspondent carol lee is with us. and i m joined by geoff bennett. this is his first stop. what s he done so far? and talk to me about the need for this government or the desire for this government to try to move away from some of the more integral parts of the economy? move them away from reliance on autocratic governments like china? that was a key message that the president had today, after he arrived in south korea, when he went to the samsung factory, which is a model for a factory that samsung is going to build in texas. that s what the president was emphasizing. he noted the economic alliances are a way to have a check o