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CNN CNN Newsroom July 7, 2024

train on the job. that s the new approach for this new shortage. airlines need to hire 610,000 new mechanics globally in total over the next 20 years. united calls the program cele celebrate, and does it by have been people apresentition in-house. there s 6,000 on top of that through traditional hiring means. this is so critical, who has not waited on a plane from the airlines because of a mechanical issue? remember, airlines got smaller over the pandemic. united sell that calibrate is thei theically, to train on your own, $50,000. if you apresentics, you maybe $24 to $52 an hour, you get paid the entire time. there s so many labor shortages, we ve been telling you about pilots. they have the avian academy, airlines are trying to tackle this issue, especially with the holidays on the horizon. we know staffing issues have created a lot of delays. pete muntean, thank you. also the top of the hour, i m bianna golodryga, victor is off today. the federal reserve is rac ....

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CNN CNN Newsroom June 4, 2024 19:05:00

Even start talking or thinking about a pause, which i think is an interesting point. bianna, i think there s a bit of something for everyone. maybe the fed will slow down the pace of interest rate hikes, but clearly not ready to declare victory anytime soon. rahel, i think matt s analogy is appropriate, because the last time they raised rates, powell warned this may be painful for some americans as he goes through the process of lowering inflation. what should americans be expecting to see? it s a great point. it may be painful for some. for some it probably already is. we re already seeing the impact across borrowing different classes. for example, mortgage rates, as we know, they have more than doubled year. look at credit cards rates, they re about 18.7% on arches. i spoke to an analyst from bankrate this morning, he believes credit card rates will be approaches 19% as early as ....

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