happy friday, thanks so much for joining us. it is 10:00 eastern, i m ana cabrera reporting from new york, and we are tracking multiple breaking news stories this friday. in texas, a community flattened by a tornado leaving three people dead and dozens hurt. the town of perrington with over 8,000 people took a direct hit. dozens of homes now wiped off the face of the earth. the trailer park that the tornado first hit, there s probably 25 to 30 of those homes that are completely destroyed. and complicating the rescue and recovery efforts, a brutal heat wave descending upon the lone star state, some areasly c degrees. we re keeping a close eye on the supreme court this morning where at any moment the justices could release decisions on major cases, the fate of affirmative action and student loan forgiveness among them. we ve got a preview straight ahead. and remember this? eight years ago today donald trump announced his campaign for president. lately he s been making m
it is 11:00 a.m. eastern, 8:00 a.m. pacific. i m jose diaz-balart. merrick garland set to deliver an announcement on the doj s two-year probe into the minneapolis police department. we re going to bring you the very latest. right now, in texas, a search and rescue mission is under way after a string of tornadoes ripped through the area, killing three people and leaving dozens injured. we ll have a live report from the scene. and he s the 11th name to enter the 2024 republican primary race for the white house. we ll ask miami mayor francis suarez how he plans to break out in his increasingly crowded field with trump still on top. a major search for survivors is under way after a boat carrying hundreds of migrants capsized off the greek coast. we ll bring you the latest on this humanitarian disaster. and we begin with breaking news for minneapolis, where any moment now attorney general merrick garland and other top justice department officials are set to make a civil ri
8%. you would think this fever would break. as we covered before, there has been such a shortage of home building, such a lag. there are labor issues, there were supply chain issues, that this largely has not caught up for the better part of 12, 13 years. and i m amazed that speculative fervor still exists in certain markets, even though you ve seen a cooling in many markets across the country. there are somewhere people are just scratching their heads. you re seeing preemptive bids happen, real estate agents can t give you time of day and mortgages are costly. so, i wond when it finally breaks. i want to ask you about the crazy headline. beyonce concerts may be causing economic issues in sweden, causing a huge surge in travel to stockholm, driving up hotel prices and other costs associated with lots of tourists and fans and i guess driving up overall inflation there. really? you have to love it when swedish bankers flag the bay
effect, the queen bay effect. this reminds me of covering the vice presidential debate in tiny farmville, virginia, in 2016, when the entire world descended on this town. and longwood university for 24, 36 hours and drove up prices everywhere. there aren t enough hotel rooms, aren t enough restaurants, you get great examples of microinflation in a country that has the population roughly of north carolina. it is fascinating. she epitomizes girl power, right? the power to drive up inflation? that s something. robin farzad, thank you so much. that s going to do it for us this week. have a wonderful weekend. i ll be back, same time, same place next week. until then, reporting from new york, i m ana cabrera. jose diaz-balart picks up our coverage and is going to interview miami mayor francis suarez, who just jumped into the 2024 race. right now. and good morning.