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the rachel maddow show start right now. thanks, my friend. greatly appreciated. happy to have you here. we landed a car on mars today. just a stunning example of what is possible when americans put their heads to the to do something truly grand, just an american feat of breo and it made your heart sing to see those first pictures beamed back from the surface of mars where we have our rover now. it s just amazing. we ll have more on that later in the show tonight. but meanwhile, here on earth, today, same day, same country, we still have not figured out how to keep lights on. hundreds of thousands of people in the great state of texas still without power. a disaster caused by a storm in texas is a catastrophe, not only because of the weather but because of the mix of the weather and texas inability to prepare for it and inability to handle it. against the cold temperatures, demand for electricity is way up so people can heat their homes, but the energy supply in tex ....
but meanwhile, here on earth today, same day, same country, we still have not figured out how to keep lights on. hundreds of thousands of people still in the dark tonight in the great state of texas suffering what has been a days long, slow-rolling disaster caused by a big and very cold winter storm that still pounded most of the country, and it is bad in a bunch of places and a bunch of states. but the situation in texas is just a catastrophe, not only because of the weather, but because of the mix of the weather and texas inability to prepare for it and inability to handle it. against the cold temperatures, demand for electricity is way up so people can heat their homes, but the energy supply in texas is simultaneously also way down with texas s nonwinterized, noninsulated, very fragile energy infrastructure, proving itself once again to be incapable of operating in the cold, incapable of generating anywhere near enough power to light up the state when demand is hig ....
the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down ....
the tenth time in the last 11 seasons. university of iowa beat the pants off of western michigan. and the pants were off of one of the cheerleaders. his drawers dropping down while doing flips. but he still sticks the landing. pulling his pants up as quickly as they fell down. his teammates absolutely loving it. that was the favorite of the day, pants down. that s my favorite. kour, thacoy, thank you so m. hello everyone, given, thank you for joining me, i m fredricka whitfield. there s a new round of talks between striking autoworkers and representatives from two of the big three autoworkers. the strike is entering its third full day. today s talking expected to be with ford and general motors. the uaw said it had reasonably productive talks when it met with ford yesterday. for the first time ever, workers are striking at plants from gm, ford and ststalantis. the carmakers say despite big profit in recent year, the raises they demands will drive them out of bus ....
as well and europe moderately in the red as asia does retreat from the big gains yesterday. we have hit dow 16,000 and s&p 1,800. but then those comments from carl icahn yesterday spoiled the party a bit. there could be an announcement this morning involving that $13 billion settlement between the department of justice and jpmorgan chase. if and when, we ll fill you in. more problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. the dow hit 16,000, the s&p 1,800 yesterday. both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. jim, the story for retail in the fourth quarter is going to be price competition and margin pressure? i think companies mentioning price competition, best buy, contrast urban outfitters last night, contrast that with home depot and dick s where they re not talking about that. i was talking ....