they will keep going up. alex hogan on the price hike the keep coming and mark meredith in delaware on why he says they will soon be ending, we are not quite at that point. let s get right to it with alex hogan on all these flights. reporter: everyday items cost a lot more with prices jumping, the issue is really at the forefront of consumers minds. 83% of people are concerned about inflation, gases up 40%. getting back in a plane will cost 20%, furniture up 10% and grocery store items like bacon up 8%. big-name companies admit they are passing these higher prices to consumers to deal with higher cost and higher wages during the labor shortage acknowledging these spikes will likely continue to rise. federal reserve chairman jerome powell explaining help the inflation rate falls below 2% noting that june was 5.4, the increase is drastically higher than expected and there is no precedent for these numbers. the lumber industry saw prices soar during the pandemic which dropped
and i m poppy harlow. four months after the capitol insurrection was threatened, democracy, democrats and republicans house minority leader kevin mccarthy opposes a bill that would create a bipartisan independent commission to investigate the january 6th attack. a domestic terrorist attack. this comes as the full house votes tomorrow on that legislation which may still pass. votes still have to be counted. our correspondent is live. tell us, one, what is actually driving mccarthy opposing support for this and other republicans stated their support. well, his stated reason is he believes that this investigation should be a broader investigation, that should not just look at what happened on january 6th, but should include other matters as well such as protests and the racial injustice protests that happened last summer, black lives matter protests and this has been what he has discussed for some time. he is sticking to it. what a lot of people on capitol hill believe thi
and events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. joining me now is suzanne neufang, who s the ceo of the global business travel association. welcome, good morning. is this a surprise? it s been awhile since pandemic now. i a surprise? it s been awhile since pandemic now.- a surprise? it s been awhile since pandemic now. i wish it were. since pandemic now. i wish it were- but since pandemic now. i wish it were. but in since pandemic now. i wish it were. but in short-term - since pandemic now. i wish it - were. but in short-term memory, were. but in short term memory, just a year ago we were still really from omicron variant s. so we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32%. we added last year at about a trillion us dollars and we should get about 1.4 trillion as you say by the end of 2024. are there a
a further rise in business investment. private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. how do you think investors are going to respond to this news? the japanese economy is performing quite well. i don t think it will be a big market reaction. simply because the indications for monetary policy are not clear cut. the bank ofjapan is already quite optimistic about the gdp growth, and what really matters for monetary policy is how global inflation is. strong gdp growth, the margin, rising inflationary pressures. as we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease household burden on the cost of living. in terms of the bank ofjapan, looking at whether they are actually going to raise interest rates after quite some time, what do you project? we time, what do you pro ect? we don t time, what do you pro ect? we don-t thinkļ¬ time, what do you project?
235i23 facing a threat of flash flooding. flooding is also a big problem in st. louis, missouri. there have been multiple rescues of people trapped in their homes. and new video out of las vegas overnight, take a look. water pouring into some of the casinos. over an inch of rain fell there, saturating the vegas strip. i want to get right to derrek vn d dam. what is happening in kentucky, there are water under way. and there is a dam that is under a concern. yes, a flooding event that took place in st. louis and now looking likely that we have another one in 1,000 year event that has taken place across eastern kentucky. thanks to the ongoing rain that is falling as we speak, right now national weather service continuing with flood watches, flood warnings and even flash flood warnings near the border of kentucky and west virginia as some of the heaviest rains move through the area swelling the rivers and also overflowing some of the local roadways there, submerging homes as w