An effort to tame inflation today, the Federal Reserve announced its raising Interest Rates, threequarters of a percent yet to get our at washington, d. C. , correspondent Raquel Martin explains whats to be expected. This is now the 4th time in a row. The Federal Reserve has raised Interest Rates more aggressively at 3 quarters of a percentage. The increase will make it more expensive to take out a new mortgage, buy a new car or pay down a credit card. The cost of borrowing just got even more expensive for taking forceful steps to moderate demands. In an effort to tame high inflation wednesday, the Federal Reserve announced it will raise Interest Rates, threequarters of a percentage yet again, its the 6th rate hike this year. Inflation remains well above our longer run goal. Federal reserve chairman Jerome Powell says despite best efforts the labor market is too strong and prices are too high. He warns more rate increases are on the way to try and slow down spending without price stabi
Oil and financials on higher rates. Materials just ticked positive but consumer discretionary, communication services, technology, those are the losers its a reversal of what weve seen in july heres a look at some of todays biggest earnings movers. Lyft a winner up 16 carvana, its up 41 after being left for dead. Amc also surging to the upside while Warner Brothers is selling off, down about 17 . Weve got a big show coming your way. We will talk to former treasury secretary jack lew about todays blowout jobs number, plus why he is endorsing the Inflation Reduction Act and what he makes of senator sinemas changes to the bill. Wingstop saying that meaningful deflation should benefit its results. Were talking chicken wings. The ceo will join us to explain. Mike santoli has a closer look at the Market Reaction and the jobs report, which more than doubled estimates. What a shock, mike what are you watching . It really was relatively muted response in aggregate from equities. It mostly trigg
Security officers trying to evict parents from school theyve occupied for 10 weeks. The parents are demanding that those they say, brutally attacked them thursday be brought to justice max roscoe says he was physically assaulted , injured, cuffed and detained against his will. Things carry consequences. And those consequences. Have to be taken into these people that gave those instructions. And the people that gave orders to follow it. As well as the people that assaulted me for a lot of people. Schools are just schools , buildings that sometimes are open and sometimes get closed. But that is not the case here, not by a long shot is where we educate our entire Community Across the nation. This is where resources are supposed to go in the issue is public controlled Public Education. Oh, yes, he keeps saying closing schools are not closing schools. Theyre replacing them with charter schools. We cant keep pushing our Public Education away and charter rising it in privatizing it. Weve got
Have been more than 6600 new confirmed cases in the u. S. So far, the virus has been identified in nearly every state and with cases on the rise, the federal government is ramping up its response. There is definitely a short of supply. You know we are in a race the manufacturer has given been given marching orders to have more millions of doses available within the last week. California illinois and new york all declared a Public Health emergency officials in those states, saying they need help keeping up with the demand as lines continue to grow so happy i got it because i dont know. After going through covid i dont want to be susceptible to anything else that could hurt me and also just figure my face or body while some states are doing their part to get everyone vaccinated, others are taking a more targeted approach in states like florida and minnesota. Only those who have been exposed to the virus are eligible to get the monkey pox vaccine. The Sunshine State is now fourth in the n
All that and more. Lets first look at the headlines from carol massar. Smith wesson after the closing bell. They Beat Estimates and its forecast for the year. The stock is up higher. Microsofts former ceo Steve Ballmer says he is sorry he did not combine hardware and Software Development sooner after the company missed out on apples smartphone success. He spoke at oxford university. Radioshack shares hit a fourmonth low following fourthquarter sales that trailed analysts estimates. The Electronics Retailer plans to shut down 20 of its stores. Russian president Vladimir Putin says he sees no reason to send russians further into ukraine but he is also keeping the use of force on the table in a showdown with western nations. President obama said it is putin who must step back from the brink. Peter cook has the very latest. It sounds like people are trying to turn down the heat a little bit. Trying to at least at the margins. An effort by Vladimir Putin to turn down the bid. Tensions are s