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katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was ....
now. mind bending. they are. they are. see you soon. welcome, everyone, to the beat. i m ari melber. the top story is the earthquake rocking the fox news empire. a lawsuit putting pressure on fox for the first time, puper murdoch who s wielded power and enjoyed it, and he s said so for about seven decades. do you like the feeling of power you have? yes. murdoch deploys fox news and his tabloids with that power that he admits he enjoys, to shape and sometimes all but run america s republican party and impact conservative discourse in this country. now he s under legal pressure because fox aired falsehoods and lies about the 2020 election. and allegedly pushed the specific lies they knew were false at the time which paved the way and built the support for many of the people who then showed up at the election. the company hit with this billion dollar lawsuit. weaver covered that before on this program, from a voting company that alleged defamation. this is th ....
security, he will urge members to vote no, potentially triggering a government shutdown. bill: mccarthy is upping the ante, a record two hill whereon apprehensions in a single year, including 80 suspected terrorists, three times as many as we ve seen in the past five years combined. dana: the surge putting strain on border communities, many are running out of resources and federal help is nowhere to be found. leaving a lot of trash. a lot of migrants are dying in the river. all those things are affecting the city. right now, it is not safe, especially for a lot of the ranchers. the situation, it is not under control. we don t know these people. dana: following this from capitol hill, good morning, we ve been watching this border crisis become major midterm issue and a bigger headache for democrats here on the hill as they just cannot seem to iran out details on immigration reform and just as you mentioned here, house leader kevin mccarthy tweeting if bid ....
awesome fans and my razor wi t and my wash board apes, according to the news site cnn is reportedly considering hiring a comedian to host one of its primetime shows. makes sense. the network is still a joke. that s mean. apparently some floated names including bill mar, trevor noah and john stewart. what? no elaine boozler. but if they want comedy they should launch that more than the crow stapled to chris wallace s. they went ahead and ruined it. i m talking, of course, about the golden aiming of comedy. chris cuomo, don lenin, perhaps as they are known in the business, the three stooges. those were the days, right? now everything is ruined. chris lost his kid after trying to help his brother andrew fend off a sexual harassment scandal which is like having alec baldwin teach you gun safety. hey, kill the lady. and linen lost his primetime gig because he comes off as real as this guy s breasts. and no offense to that guy and his giant fake [ bleep ] he s a global tr ....
are struggling around the globe and russia is already getting a billion dollars every few days in oil and gas revenues, why did opec slash production? everything has a price. we will explain. but first, here s my take. one of the few issues on which there is a consensus in washington, d.c. is that american policy toward china was built on an intellectual tariff. liberals and conservatives both believe that beijing s embrace of free markets and integration with the global market would fundamentally change china. but they didn t, so the consensus goes, we should recognize this was a naive belief. in fact, viewing china on the eve of the 20th party congress, i m struck by how little that line of analysis captures what has happened in china over the last decade. china has gone through profound economic and social changes. its per capita gdp has gone up almost 30 fold since the start of economic liberalization in 1978. mass education and urbanization have changed the f ....