testify next week and the role the white house supreme court justice plaidyed in overturning the election. the key moment in the fight against coronavirus. the cdc set to vote on recommending vaccines for young children. . good morning, it s saturday, june 18th. we are grateful that you re starting your weekend with us. it s always a pleasure to be with you. good to see you, too, boris. let s talk about the new fears that we re learning about about the u.s. economy and it is headed towards a recession. friday marked the end of a rocky week after the federal reserve announced the largest interest rate hike in decades in an attempt to tame inflation. the dow down, the s&p slightly higher but still the worst week since 2020. we also learned that wages in the united states are climbing at their fastest rate since the mid 1980s, but inflation has climbed up so quickly that workers have been been handed a pay cut. america is in a stronger position than any other nation
amid pilot shortages. the efforts under way now to keep travelers moving amid the summer travel spike. hopefully no alarm for you today because it is the weekend. it is saturday, june 18th. thank you for being with us. always great to be with you christi. we begin with new fears that the u.s. economy is headed towards a recession. yesterday marked the end of a rocky week for wall street after the federal reserve announced the largest interest rate hike in decades. the dow closed down yesterday, s&p 500 finished slightly up. still wound up with the worst week since 2020. let s look at the brighter side for a moment. we learned that wages in the u.s. are climbing at their fastest rate since the mid 80s. the push, the inflation has risen so fast that workers, it actually equates to being handed a pay cut because their pay is not matching up with the percentage of inflation that we re feeling and the things that we re buying. let s get a closer look at the political angle
hundreds came out to mourn the lives lost. the bishop said two of the people killed, charles raney and sarah yeger were active in their commutes and their fellow parishioners and families are in mourning. despite initial momentum there are serious doubts emerging about the senate passing new gun safety legislation. a republican source tells cnn it s going to be a long time before the text is ready. despite optimism from some democrats who believe there s progress. senators don t have time to pass legislation, because we are headed to the two week summer shutdown. what is stalling the negotiations at this point? reporter: the same two sticking points that democrats and republicans in these bipartisan talks cannot agree on. one of them being the so-called boyfriend loophole.
a russian prison yesterday. it s the first time since november. he s been in russian custody since december 2018. when the state department said he was wrongfully detained and convicted of espionage charges. secretary of state tony blinken tweeted paul s resiliency throughout this detention is remarkable. a 70-year-old alabama man is in custody after reportedly killing three parishioners friday night. the victims have been identified now as walter raining, sarah yeger and an 84-year-old woman whose family requested her name be withheld. there are new revelations about last month s mass shooting at