we re watching how this report drives the markets, because, of course, thursday the dow plunged big time wiping out hundreds of billions of dollars from the market in the single worst day since 2020. any moment now president biden will leave the white house for a trip to ohio where he will be putting the focus on a key aspect of the economic recovery. manufacturing. we will let you know if he stops to take any questions from reporters. plus, chief justice john roberts just made his first appearance since that political earthquake. the release of the draft opinion on abortion. he has tough words for whoever leaked it. lawmakers and advocates concerned about the court overturning roe v. wade warn other rights could be next, including same-sex marriage. ahead i will get reaction from the ceo and president of the trevor project, an organization that provides help to lgbtq youth. we are keeping our eye on ukraine. nbc has new reporting on the role of u.s. intelligence on the bat
bracing for an influx of women from neighboring states with fewer access. fewer access good friday to you. welcome to meet the press daily. i am chuck todd. the biden administration faces difficult questions from voters which continues to be the economy. how does it slow inflation without slowing down the economy? how does the administration sell a cooler economy when it struggled to sell the hot one that it began with. this morning the labor department reported that 428,000 new jobs were created last month, beating economists estimates with the rate, and this is a robust jobs market, folks, and right now president biden is on his way to the cincinnati area to sell his economic agenda, and the fed took a major step raising interest rates by half a point. it s the largest engel increase in two decades, and efforts to slow down the economy could trigger a recession. it s leaving the party in a perilous position, as they face the prospect of a cooler economy and voters unhap
reign ininflation. any time you borrow money, you will pay more interest to the bank because the banks are paying more to borrow from the feds. why raise rates at all? let me bring in now nbc news business and technical correspondent jolene kent. 2:00 announcement. my clock in here is wrong but i think it s just turning over to the tick of two. is it official yet? what s the expectation? it is official. the federal reserve is going to be raising the benchmark basis rates. we are seeing that the balance sheet will be cut to rise to and i just lost the number here in my notes. but the feds saying job gains have been robust so they do expect to they are raising it by half a point. what does this mean? this is the most aggressive hike since 2000 and it the most aggressive move that we ve seen so far in this inflation situation right now. consumers across the board facing 8.5% inflation. and it s a markedly stronger move than last time back in march when we were reporting on
in the west. plus, american journalist austin tice held captive in syria for almost ten years now. his parents will join us to tell us what they just told president biden. welcome to the lead. i m jake tapper. we start today with our politics lead and the seismic health, political, and legal news. a document obtained by politico and confirmed as authentic by the u.s. supreme court reveals that the highest court in the land appears poised to overturn roe v. wade. nearly 50 years after that case legalized abortion in the united states. in this draft opinion, five conservative justices, samuel alito, clarence thomas, neil gorsuch, brett kavanaugh, and amy coney barrett argue in favor of overturning roe v. wade s holding of a woman s federal constitutional right to an abortion. the u.s. supreme court underlined in a statement today that this document is not a final decision by the court or a final position by any justice. it was circulated amongst the court at the beginning
i can t see my brother anymore. i fell, and i don t even know how i woke up and started pulling myself out. i m all scratched and battered. i yelled vita, vita, but he was gone. her home was flattened during the battle for rubisnic which is now in russian hands. putin s forces have been driving southeast along the donetsk river and south from izyum. russia s stated aim is to capture all of the donbas. that includes the luhansk and donetsk provinces. they say they can hold the russians back for now. but he says we need powerful long range artillery, and that unfortunately is not here yet, and it could completely change the whole war. without the heavy weapons already promised by the u.s. and other western allies, he says, the russians will destroy everything with artillery and mortars. they destroy with aircraft, they use helicopters. they are just wiping everything off the face of the earth so there s nothing left to hang on to. for ukraine, this is an existential battle. r