i don t have a six figure job. i have to be careful. the president will meet with leaders across the world if it is in the best interests of the american people. the questions that i have, people believe that mbs is responsible for khashoggi s death. the president has spoken to that and i ll let his words stand. i have mixed feelings on this and if the president called me, i d say mr. president, you can t trust these people. live from london, this is cnn newsroom with isa soares. welcome to the show. it is wednesday, june 15th. 9:00 a.m. here in london. and the federal reserve is planning bold action to try to keep the soaring inflation from getting worse. they are expected to raise interest rates by .75, the biggest in almost 30 years. the concerns that the economy is driving down financial markets. the s&p 500 finished lower for a fifth consecutive day pushing it further into bear market territory. president biden blames the russian president and his war in uk
it. inflation, it is zapping the strength of a lot of families. that inflation hit 8.6% last month, highest rate since 1981. majority of americans weren t even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is that it cools down inflation overall. right now on wall street you re seeing a little bit of optimism here heading into this final fed decision here. in overseas market, mixed performance in asia and europe has opened higher this morning. this is a perfect day to talk to greg mcbride from bankrate.com, he knows something about interest rates, all kinds of different rates. hi, greg, how are you? good morning, christine, great to be with you again. so this rate hlike we re expecting, 75 basis point
trump s political strength is still evident at the polls. overnight south carolina republican congressman tom rice was defeated by a trump endorsed candidate. rice was one of ten republicans in the house who voted to impeach the former president and one of the first to face republican primary voters. another race in south carolina did not go trump s way, congresswoman nancy mace at times a trump critic survived a primary challenge. in another significant development republican mayor flores flipped a democratic house district in south texas, this is a pretty significant special election victory that builds on republican gains among latino voters in the region in the 2020 election. joining me now is cnn senior data reporter harry enten. harry, i think the marquee race last night was in south carolina, people looking to see what would happen to this republican that voted to impeach donald trump. looking to see what exactly would happen and here is what happened, look, it s
8.6%. americans, you, we, are feeling this nearly everywhere, nearly everything is more expensive, including the cost of gas which remains at historic highs. the biden administration taking new steps to lower those gas prices. this morning presidentiesident calling on energy companies to do more. also this morning, the january 6th committee is teasing ahead to its next hearing, tomorrow, they released a portion of a taped deposition with a former white house lawyer. now the committee is saying that thursday s hearing will focus on president trump s effort to pressure then vice president mike pence to block the certification of the election. we will have much more on that, in just a moment. let s begin this morning with cnn white house correspondent arlette saenz. arlette, president biden is making strong demands from oil companies, this morning, as he tries to do something about the soaring gas prices. reporter: yeah, president biden is trying to ramp up the pressure on
and ease pressures, the risk is stalling the economy and opening the door to recession. and primary lesson, south carolina voters voted to impeach trump. the banner republicans were warned they vied for opponents up and down the ballot. the crackling dispute now between the january 6th committee and a republican member of congress. the republican member in question from georgia. here you see a man taking photos of stairwells and hallways, not your typical capitol tour highlights. the committee says he led this man and a few others on a tour of the capitol complex january 5th, 2021. the committee says that same man took this video outside the capitol on january 6th shouting threats at democratic lawmakers. we re coming in like white on rice, for pelosi, nadler, schumer. even you, aoc. we re coming to take you out. cnn s ryan nobles up on capitol hill for us. tell us more. reporter: john, i think maybe each one of these individual pieces of evidence by itself may not be a