And worse day on the dow and s&p since december 15, nasdaq down 2.5%. gas prices raiwere flootat over. and home prices nationally rose a bit. the housing market is where the fed rate hikes have been most notable. and let s bring in our economic analyst. caleb, the housing market is cooling. mortgage rates have doubled. sales falling a lot. i guess what is your take on what is happening in housing? so good morning, thank you so much for having me back. you re right, we have the housing report for existing home sales out yesterday which really makes up the bigger part of the market. and while demand has come way down, it is down about 37% year over year, fell again in january
U-turn on thursday and saw it worst day of the year. the dow dropped more than 1,000 points. also nasdaq and the s&p 500 also suffered major losses. but the markets scored major gains the day before which was the best day in two years for the dow and s&p. this all coming as a new cnn poll shows two-thirds disapprove of how president biden is handling the economy. after the u.s. federal reserve raised its benchmark rate on wednesday in a bid to control record inflation but is not considering future hikes larger than 50 basis points, but wall street s tumble appears to be creating a domino effect on markets around the world. anna, to be fair to president biden, these extremely unusual headwinds that he is having to deal with, the virus, what is happening in china, russia, and the cost of living. but for people trying to make sense of this, it is almost impossible. it is hard for investors as
in a country where people go hungry, north korea remains defiant. [ speaking in foreign language ] we are live in pea pyongyang. jury selection is today. will they find 12 people who won t be swayed by hudson s celebrity? secretary of state shown with a wicked sense of humor. this morning the hip side of hillary. god s quarterback tim tebow pulling in tens of thousands for an easter service in texas. the pastor joking in krive christianity right now, it s the pope and tebow. masters green. bubba watson winning his first major championship title. slipping on the green jacket and a spot in golf history for the south african. in oklahoma, we are waiting on the court appearance of two men accused of a deadly shooting spree in tulsa, oklahoma. 19-year-old jake england and 33-year-old alvin watts accused of four separate shooting attacks that left three people dead and two others were wounded. the victims appeared to have been targeted at random. now investigators are tryin
a new career. i m year yeah borrow ger and you re in the situation room. it may not be everything, but aappearance is everything on the campaign trail. a lack luster speech, the bang promise by his campaign was more of a fizzle. the gap is down from six points on tuesday to two points today. joe, what exactly happened? reporter: well, gloria, mitt romney is still struggling to get his momentum back and today s speech was supposed to be a step in the right direction but for a bunch of reasons. you just would not call this mitt romney s perfect day. the front lines couldn t have been clearer at what was supposed to be the major moment so far to win the state where he grew up. in the morning, the auto workers union held a noisy opposition to the auto industry bailout. it s total blas fem me. and then in the afternoon i want to thank the ford field it was not the venue that romney would have preferred where the detroit lions play ball. the speech had been planne
whose ipod is that? i don t know. susan, it s yours? contributing editor to van vanity fair . oh, it s lady gaga, oh, that s my ipod. welcome. welcome as we put you on the spot right abap it s nice to have you. good morning. will cain is on your right, my left nice to see, you will cain. we spent the weekend together, as i did with roland martin. yes, we did. doing election coverage this weekend. nice to have you guys. appreciate it. president obama s re-election hopes rests heavily on whether the voters agree the economy has improved. the president said even though it s still on the mend he has earned another four years in office. this is what he told nbc s matt lauer in a sit-down that aired right before the sulk. i deserve a second term but we re not done. we created 3.7 million jobs over the last 23 months. we ve created the most jobs since 2005, the most manufacturing jobs since 1990. but we re not finished. and the key right now is just make sure that