Like to call it the Situation Room two tomorrow now Breaking News, the Federal Reserve just slashed Interest Rates by an aggressive Half Percentage Point its a major move that could impact the president ial race. As voters rank the economy as their top issue. With Election Day only 48 days away also breaking the Death Toll rising in lebanon right now after booby traps, Walkie Talkies, and pagers belonging to hezbollah members exploded over two days of Attacks Israel saying a new era, their words, a new era in its War Effort is underway, appearing to tacitly acknowledged Responsibility And Music Mogul Sean Diddy combs has denied bail. Again, losing an appeal and forcing him to remain behind bars as he faces trial on sex crime charges. Standby for new details on this Breaking Story and whats next in the Case Welcome to our viewers here in the united states and around the world. Im Wolf Blitzer. Youre in Breaking News were getting new reaction this hour to the Breaking News. A jumbosized
economists were expecting. so what you have right now is a scenario where business level inflation does appear at least from one data point to be moderating a little bit, which is why even with that data showing a large year over year increase, up around 8.7%, it is still lower than it was in the previous month. that is leading some to be a little more optimistic which is why you are not seeing a mastiff market reaction today the likes of what you saw yesterday. but what it comes down to is whether or not this will change the calculus for the fed. and at last check on the heels of that inflation data this morning, there is now pretty much an expectation predominantly that the fed next week will raise short term interest rates by now three quarters of 1% and there is a 34% chance that the fed will raise rates by one full percentage point mark. and if they were do that, hypothetically, if the fed were to raise by one full percentage point, it would be the largest single raise f
faces. freedom. they are two foreign aid workers, one of them american, and they ve been held for three months by pirates in somalia. they are free. we ll tell you how and how the rescue went down. and did you watch the state of the union address? president obama s challenging republicans to get on board or get out of his way. he says preserving the american dream is the defining issue of our time. we have lots of highlights, lots of reaction. our panelists are going to weigh in. don t know if you re having a green apple for breakfast this morning, but i ll tell you what, the soon to be biggest technology firm in the world is feasting on green apples. apple just reporting historic profits. i know we say that sometimes, but wait until you hear how much that company made. it s probably known because we re contributing to it. ashleigh, did i tell you that plasma particles are hurdling toward us, how would you feel about that? i d say aurora borealis. and what if i to