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guns in this country. we ll bring you all the breaking developments from the supreme court as they all happen this hour. that s right. also this morning, we follow several economic stories. hours from now, we could potentially see the biggest interest rate hike in decades. experts believe that the federal reserve is poised to hike rates as much as 0.75%. that may cool inflation, american consumers would feel the impact in many other ways. mortgages, car loans, credit cards and student borrowing would all become more expensive. also this morning, in an effort to drive down historically high gas prices, the biden administration is putting pressure on oil companies for, quote, concrete ideas, lower rising costs. we are following all of that. also, new details on mike pence to block the certification of the election. vice chair of the committee. congresswoman liz cheney teasing ahead to tomorrow s hearing releasing a portion of a taped deposition with former trump whi ....
For ukraine s united 24 fund-raising platform just went to ukraine, met with president zelenskyy and joins us now. from kyiv. thank you so much for being here. good for you for going. and you were not only did you meet with the president, you were focused on the children. you went to a children s hospital. what did you see? yeah. po poppy, i went to this children s hospital in kyiv, the largest children s hospital in ukraine, and inspiring to talk to the doctors, the nurses, the administrative personnel that have been living there for the last several months in the hospital. kind of like being in space where you re at work when you wake up you re at work when you go to sleep. so little bit similar there, but also seeing the children. some severely injured by, you know, putin s attacks of this country. but also to see their spirit. even though their bodies have been broken by this, their spirit has not been broken. ....
Accelerating. so despite fed chair jay powell in may saying he wouldn t raise rates more than half a percent, there is widespread belief here on wall street that the fed misjudged the hot inflation environment, it misjudged the market reaction. we see in a bear market and today the expectation is that the fed could get tougher on inflation and raise rates three quarters of a percent, and as you mentioned, that is a rare event. last time it happened, it was 1994 with allen greenspan at the helm. never mind that powell took the higher rate off the table. this is what i m hearing investors want to see happen today. it s what they believe can keep the market from selling off more, and if the fed today doesn t raise rates at a bigger clip, the market is hoping the fed telegraphs the more aggressive rate hikes are coming down the line which we would hear in the forecast, poppy? we ll be watching closely. thank you to john harwood, matt egan, and alison kosik. ....
Alerts span over 100 million americans today and thousands of people across ohio actually face multiple days without electricity. we re already going on 36 hours without access to electricity. these are some of the fortunate ones, as we drove up to the location, their electricity literally came on. they were so happy to see and hear the hum of the air conditioners as well, but remember, heat impacts people disproportionately. we know these excessive heat waves impact lower income areas, first and foremost, because they may not have access to air-conditioning in the first place but this heat wave because of the lack of electricity is an equal opportunity heat wave. so everybody is without electricity here for the most part. 200,000 customers within the state of ohio as we speak. most people who are used to having that air-conditioning may not have it. so it s not even the hottest time of the year yet, poppy, and we are already reaching triple digit temperatures in terms of heat index. w ....
Effect for almost two years now. the biden administration rolled it back, but now the supreme court is saying that republican-led states cannot step in to try to get this rule back into effect. po poppy? an interesting and important decision. stay with us and bring in our chief legal analyst, jeffrey toobin. it seems like they made a decision here on standing, where s the harm, these states can t come in here, but the biden administration did do this in an odd way. they didn t get notice and comment from the public, for example. they accepted one court ruling in illinois, dismissed the rest, but they prevail. right. basically what the court is saying is, look, we have enough issues to discuss with regulations that are actually in existence. we are not going to go back and decide whether the trump administration was right or wrong on a regulation that has been rescinded. as you point out, there was some ....