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and i m rosemary church. just ahead. unfortunately our next available seats for rebooking are on the 31st and beyond. once again, our next available seats for rebooking customers at this time is at the 31st and beyond. these are the scenes playing out in airports across the u.s. as massive disruptions at southwest airlines leave holiday travelers stranded. plus frigid temperatures and paralyzing snowfall hammered parts of the u.s. this holiday weekend. we will speak to one new york official about the difficulties that remain as temperatures finally take a turn for the better. no relief for soldiers fighting in ukraine s hardest hit front line towns as president zelenskyy warns russian troops will stop at nothing to gain just a little ground. live from cnn center, this is cnn newsroom with rosemary church. thanks for joining us. it is the travel nightmare after christmas. thousands of flights are being canceled across the u.s. after the monster arctic storm ....
Street. investors are hoping to see the markets rise after the long christmas holiday weekend. we re looking at futures there, which is pretty encouraging, the dow futures up 0.6% and the nasdaq futures up nearly 1% there. european markets are up there again, encouraging as well. meantime it wasn t an easy year for central banks around the world. in the u.s. alone the fed raised rates seven times to combat soaring inflation. cnn s richard quest and rachel solomon look at whether those efforts will pay off in the year ahead. richard. i look at our delightful christmas tree and i see markets, resessions, higher interest rates, all the things ....
Amendment. i would say they re weak on the second amendment and we have to be careful of that. the democrats, i think they would give up the second amendment, and the people that a lot of people that put me where i am are strong believers in the second amendment, and i am also. and we have to be very careful about that. they call it the slippery slope. all of a sudden everything is taken away. we re not going to let that happen. go ahead. they call it the slippery slope, the president talking about gun control laws, after he said after el paso he wanted stronger background checks and then he subsequently said he didn t being questioned by fox s john roberts on that at a meeting with the leader of romania. joining me, msnbc white house correspondent jeff bennett. jeff, there s a lot in here. the president talking recessions, the media cheering on resessions, about the federal ....
What you see in that price frux wags is the perceptions in the market about the value of the dollar or fears or hopes about the dollar. but gold does, it did in the days prior, it fluctuated. the gold standard fluctuated hardly at all unless you were starting to print too many dollars, and that s the virtue of gold that tells you you re starting to print too many dollars, pull back. so that is sort of like a backup backbone for us not to go crazy. absolutely. but steve forbes doesn t like everything the federal reserve has done either to prop up these markets, to send us near these record we re now at another record at the dow and they say that s precisely because of all this easy money. steve forbes shouldn t be whining. well, we wouldn t have had the housing boom and bust. we wouldn t have had the terrible 1970s. we d have an economy much bigger, 50% bigger today. so if a baseball player we d still have resessions, though, right? oh, sure. so how does that mitig ....
When he tab led this problem. lbj did not look at poverty as a black/white issue. there was not that racialized element. and, you know, in the time when america was different, lbj believed we are america, we can do everything, let s tackle it. and the country responded. so many conservatives like to say that it was a failure because we did not eradicate poverty. but there was a success. poverty rates dropped dramatically. i just want to people lived longer. i want to underline your point with data here because paul ryan is empirically wrong when he said it did not work. right. when you look at poverty rates, that is the war on poverty you see, that big decline. you see some up and down, but those are almost always cycling with resessions. basically after the implementation of the war on poverty, we have never been as poor a nation ever again. when lbj instituted medicare, at the time, 65% of all people 6 ....