hello and welcome. friday, september 23rd. 9 a.m. here in london. 11 a.m. in ukraine. voting begins today in the four occupied regions on whether to become a part of the russian federation. the areas make up about 50% of ukraine s territory. if they join russia many believe that will provide vladimir putin the pretexts to claim russian territory is under attack and escalate the war. it s prompting people to flee the country in all directions. a long line of cars backed up at russia s border with finland. the government in helsinki is thinking of new restrictions to keep russians from entering. they re crossing into armenia and turkey. according to one witness, traffic at one checkpoint stretched 5 to 6 kilometers. it was a similar scene along the border with kazakhstan. trucks lined up as far as the eye could see. ticket prices are soaring for flights out of moscow. most of which is sold out for the next few days. the kremlin calls reports exaggeration and fake news. the mobi
it s backed off a bit, but if you look at the tech heavy nasdaq, it is off 4% and plunging. john: debbie dingle standing by with her thoughts on how this could affect her party s midterm chances. but first, to jacqui heinrich live on the north lawn this hour and rather ironic the president has a celebration of the economy this afternoon. how are they reacting to the cpi report? either the white house expected numbers a whole lot better than this or someone in the scheduling office had an unfortunate oversight and getting an earful. it is ironic they are hosting a bunch of democratic lawmakers here today to mark the signing, last month s signing of the inflation reduction act just as those new numbers come out showing inflation, core inflation shot up last month 6.3% in august, up from 5.9% in july. and that is a key metric that the fed watches very closely and these numbers are more than the 6.1% that economists predicted, the next set of rate hikes will likely be quite a
at the barrel of a gun. russians have orchestrated sham referendum votes in four occupied regions in ukraine. plus, calling trump s bluff. the former president and his lawyers publicly suggested the fbi planted evidence at mar-a-lago. now the trump appointed or approved special master is daring them to make that claim in court. we begin at the white house. notably this is a political venue for president biden s speech moments from now. what are we expecting to hear from the president? this is all part of the amped up political activity we ve seen from president biden as he is anticipating and describing what he believes will be a very tight midterm election campaign. that is why the president is using these types of political events to, one, try to tout some of the legislative accomplishments his white house has achieved, things like infrastructure, bipartisan agreements when it comes to guns and also the recently passed inflation reduction act which touches economic, clima
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not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f