welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1
carley: carley shimkus, president biden absent from the campaign trail this election season. and the white house schedule focusing on official business. this is likely the reason why. just 40% in a recent gallup poll. todd: now kevin corke live in washington with more, kevin, good morning to you. always great to be with you, guys. let me just quote a seasonally appropriate film that actually debuted about 38 years ago. who are you going to call? not ghostbusters but in this case democrats you are going to call barack obama. that is right. when you need political closure to rally the base and raise money make the closing argument, you ve got it. by the way, that is precisely what the president is expected to do with stops planned for nevada and wisconsin and michigan. as you pointed out, carley, georgia. and stacey abrams and raphael warnock and others in the hopes of helping the democrats avoid a rib wave in less than two weeks. joe biden and kamala harris also hitting
we ll drive you happy at carvana. we are back with cnn s breaking news coverage of the health of queen elizabeth ii. doctors expressing serious concern about britain s longest reigning monarch, beloved figure around the world. i am anderson cooper. our correspondents are standing by at buckingham palace where we could get word on the 96-year-old queen s condition at any moment. at last word she was under medical supervision at balmoral in scotland. there you see the gates. most of her closest family members have gathered. prince william with prince edward and prince andrew were the latest to arrive. we saw a photo of them together as well as prince edward s wife sophie. now we are watching to see when prince harry will join his family in balmoral castle in scotland. want to bring in cnn royal correspondent max foster buckingham palace with cnn chief international anchor christiane amanpour and bianca nobilo. it looks like the rain has at least stopped for you at buckingham
does nine for the billing time, he told the saudis and opec to hold off on oil cuts until after the midterm election. did joe biden attempt to collude with the saudis, opec, not including russia, to act in a way that would impact the 2022 midterm elections? senator martin to mike marco rubio would be here. also major hannity announcement, i think you like it. were only 26 days away till these all-important midterm elections. that said. 26 days. i hope you feel the urgency as i am. democrats are running the most extreme, radical, destructive crop of midterm candidates ever. they re doubling down on the most destructive agenda ever. and even from the biden economy goes from bad to worse, they keep lying about it. today s data shows inflation at yet another for the year high with the september numbers coming in even hotter than expected. that means prices for groceries, gas, rent, every star you go to basically is costing you a lot more money. and by the way, we ve been telling