top of the hour. a busy wednesday morning. we begin with breaking news this morning. cnn has learned that the fbi conducted a search at president biden s home in rehoboth beach, delaware. the search taking place this morning as a special counsel investigation into the president s handling of classified material picks up. mj lee is at the white house. paula, what more can you tell us about this search. was it expected? sfwlr it was absolutely expected. back when the classified documents were discovered in the office, his attorneys went and also searched his two homes. one in will mington. they say they did discover classified materials at his wilmington home, but they did not uncover any at this property. once this baim the subject of a special counsel investigation, ten days ago the fbi conducted its own search of the wilmington house. it lasted 13 hours and did uncover additional classified materials. so it was very much expected that the fbi would also go back to the reho
in nevada. the senate race between katherine cortez masto and adam laxalt have a dead heat. i m neil cavuto. let s go to alexandra on what she s seeing in nevada. hi, neil. yeah. this thing has gotten a lot tighter than people anticipated at the start. this etching former president barack obama will be holding a rally at this high school behind he in north las vegas hoping to drum up some support among democratic voters. namely for senator katherine cortez masto who has served since 2017. she s now locked in what you call a dead heat with republican challenger adam laxalt. the latest poll has the two candidates tied. laxalt kicked off his bus tour. he said this a short time ago. everything we re experiencing today is a direct result of policy. $6 gas is not an accident. gas prices around $5 with inflation, crime have been major focus points for republicans. democrats continue to stress the issue of abortion here. last week senator bernie sanders came here to offer his s
widely expected to hike interest rates again. but this time by just a quarter of a point. this would be the smallest hike since the central bank began its cycle last march. joining us now is the federal reserve and economy reporter for the new york times. jenna, they are still happening, but it s coming down. are we coming to the entd of the fed tightening rates? that is the question everybody would like to know the answer to. we should get some hints a about that today. the chair gives the press conference after the release at 2:00 p.m. and he is hopefully going to have to sort of give us a little more detail about what the fed is anticipating going forward. as of december, they were anticipating two more rate increases after thrks but inflation has been a little slower since then. some are expecting that to dial that wac. given that inflation has consistently been on the downward trajectory. it s still high. but it is going down. the economy has remained resilient. why doesn
cnbc reporter live from london. how are the markets looking this morning? well, markets today are looking slightly better than they were looking yesterday and for the week as a whole. we saw most of the indices end in negative territory with the nasdaq and s&p 500 down .57%. the catalyst is earnings and hawkish commentary out of the st. louis fed president saying the fed may have to continue tightening rates and go as high as 7%, a really high number that spooked a lot of investors yesterday. they re pricing in another 75 basis point hike at the next meeting. i can see why that might spook the markets. jobless claims fell last week. start of a new trend. what is the reason behind that?
problems along with president biden in january. neil: david, we re also going to get out other numbers as the week goes on beside the likely federal reserve hike tomorrow. friday, a report that should look good for the president, another 200,000 jobs added to the economy. of course, it could be so good the federal reserve could look at that and say we have to keep tightening rates. there is she sort of dichotomy going on, the economy itself, which a lot of people are frustrated with the high prices going to the grocery store, the gas station. and a backdrop of powerful jobs. 10.7 million out there that are going begging, that are out there but nobody is taking them up on it. so how does that play out? i think we ve reached a point in our politics for the time being where jobs numbers don t matter that much when it comes to influencing elections. it s more about how voters feel