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good morning, everyone. it is wednesday, march 15th. thank you for waking up with us. here are five things to know this morning there are new tensions between the u.s. and russia over the downing of a u.s. surveillance drone. they clipped the drone over the black sea forcing it to crash. russia denies the accusation claiming the drone fell on us own. yeah. and another day of jitters over the fate of america s banking system seem to be easing slightly. stocks of some regional banks bouncing back after suffering declines. fallout is far from over. doj and scc investigating the collapse of silicon valley bank. also this morning high stakes case over abortion pills set to get its day in court. a federal judge in amarillo, texas, will hear arguments over a lawsuit that could disrupt access to the pills nationwide. protests are planned outside the courthouse. also the faa is convening a rare safety summit after seven close calls at airports. the faa says the fligh ....
melugin and gillian. great it would have you in week two. and the dew points in delaware, and even some democrats are supporting investigation into classified materials. and we have lucas on the lawn of the white house. good afternoon, gillian. and they are he a they are curious why the president is at his summer house in delaware. and the president is going to the rehoboth home, does that have to do with classified documents found. it is relates to the documents, the president takes is seriously, i would reefer you to the white house counsel s office for any new developments coming from here and as relates specifically to the investigation, i would refer you to the department of justice. president biden first arrived in washington as a u.s. senator 50 years ago this month, when richard nixon was president. and and after days of ignoring reporters questions about his classified documents the president responded late this week. i think you re going to find t ....
zients is in. all right. good monday morning to all of you. welcome to our viewers here in the united states and around the world, i m christine romans. officials in southern california last night identifying the gunman who killed ten people and wounded another ten at a ballroom in monterey park, that s east of downtown l.a. he is 72-year-old huu can tran. authorities say he died by suicide hours later after police stopped him at a shopping center 45 minutes away in torrance. when officers exited their patrol vehicle to contact the occupant, they heard one gunshot coming from within the van. our sheriffs s.w.a.t. team approached and cleared the van and determined the suspect sustained a self-inflicted gunshot wound and was pronounced dead at the scene. l.a. sheriff robert luna says the shooter s motive is still under investigation. cnn s natasha chen is on the ground in monterey park with more. reporter: on sunday evening, on lunar new year, when this communit ....
The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually ....
September. our next guest says it goes beyond meta. he calls the streak of layoffs the elon effect. joining us is sarah fisher. elon musk, you mean, who runs twitter. is this an indication that the companies think elon musk got it right? that they really overhired over the last few years and really have to slim down? i think so. a lot of pressure from wall street is forcing them to be more efficient. these companies did unprecedented hiring sprees during the pandemic. facebook s workforce swelled up to about 87,000 people. i think they re looking at what elon musk did, cutting that workforce to 7500 to over 1,000. they re thinking, look if, twitter can still function, i think there is room for us to cut. i m not saying the companies should be going as far as elon musk. he made such drastic cuts that there is now pretty serious problems with the product. but i do think that they re looking at it and saying there is areas for us to be more ....