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street. president biden pushes his case for a massive tax and spending increase in his new budget. and a stronger than expected jobs report is not necessarily what the fed wanted to see. we have fox team coverage tonight. charles payne in new york tells us what happened with the silicon valley bank and what that means for the rest of us. but we begin with white house correspondent peter doocy and the president s take on the unemployment numbers. good evening, peter. peter: good evening, bret. there was a run on a struggling bank known for loans to startups and things went south so quickly within about a 48-hour period that the feds came in to take control of the country s 16th largest bank. i think we got a good jobs report. peter: 311,000 last month better than expected. so no plans to back off the spending plan paid for with new taxes for the rich and corporations. ronald reagan was doing 8% tax rate. you know that whacko liberal guy. you know. peter: it s b ....
funeral service for tyre nichols this afternoon. it comes as details about what happened the night nichols encountered police are coming under new scrutiny. and we re learning more about the past conduct of some of the officers involved. more on that ahead. also this morning, bone chilling weather sweeping the nation. a triple threat of freezing rain, sleet and snow causes accidents, power outages and grounds thousands of flights. parts of the country are bracing for windchills that could dip as low as negative 60. we re tracking this brutal cold coming up. plus, face to face, after a public war of words over our country s debt limit as president biden and speaker mccarthy are set to meet at the white house this afternoon. the expectations according to our us who team could not be lower. what both sides are bringing to the table. and the 2024 gop presidential primary is about to get a little more crowded as former u.n. ambassador nikki haley moves closer to becomi ....
filling in for rachel. thank you, it ll be a great morning ahead and tomorrow too. will: excited to have you. pete: you re headed to the southern border tomorrow with joe? will: i am. hosting from we both have layovers along the way to the southern border. i ll be hosting from el paso tomorrow. it s our first show, technically, of the new year. we were together, two of us at 1:00 a.m. or whatever. that s during that new year sort of broadcast, i got there a day or so early, the family said go on out to the new hegseth manner. emily: that s great, that s awesome, you guys. will: re-arrived right as christmas presents were being unveiled. pete: kids ripping around on the dirt bikes and learning and falling and there s part of the new hegseth militia there. white pants and nice denim shirt and he jumped on the dirt bike and it took off and he bit it kind of hard. will: right away. emily: did you hurt yourself? will: no, just mud from shoulder to toe. pete: hurt ego and ....
here. now, the hard work begins. i may not know all of you, some of you are new, but i hope one thing is clear after this week: i never give up. pete: that s the truth. it happened just after midnight last night after 15 rounds of voting, the house elects california republican kevin mccarthy as the speaker of the house. emily: mccarthy taking the gavel in a late night session as the gop looks to get to work. will: alexandria hoff is live in washington with more. good morning, alexandria. reporter: good morning. it took 14 failed votes flipping more than a dozen holdouts and a final tally taking place just after midnight but speaker mccarthy has the gavel and we have the 118th congress sworn in early this morning. that you will well and faithfully discharge the duties of the office on which you are about to enter so help you god. i do. congratulations, you are now mcellroy members members of the 118th congress. reporter: it is conclusion of drama-filled four days ....