nashville. as i said, the students go down to 3 years old up to sixth grade and we re waiting to get more information. they said, you know, inside of this hour, we ll learn more. stay with us. we ll get another update. i would ascertain that they have information that they are almost ready to reveal and they re likely making sure that everyone has been notified before they reveal this other information. we learned quite a bit here about the suspect in this case. a 28-year-old white woman who they believe went to the school. we ll get more information on that. they said she had two assault-type rifles and a handgun with her. she was killed on the scene of this horrific killing at this beautiful christian school that is up a long windy road. it s not this easy to get into this complex if you take a look at it from the other side. it s up a long windy road. he also said interestingly that her car, her vehicle, the vehicle they found nearby, gave us a clue to what she was. i don
li on the difference in 24 hours. susan? a new reality that inflation is higher and may stay elevated for some time. today s wholesale prices are the inflation that producers pay still much higher than a year ago. sure, coming down from the previous month. couple that with yesterday s consumer price jump and we re close to the 40-year highs and that s more than four times the way the federal reserves thinks is healthy for the economy. close to a third predicting a full 1 percentage point rate hike from the central bank. that could be the biggest central increase since 1984 when paul volcker was fed chair. before yesterday s report, that probability was at zero. elon musk weighing in. he thinks the federal reserve should cut interest rates because of the drop in lumber, cop per and oil. nobody is expecting a cut in rates until next year. stock market didn t recover much from yesterday s sell off. you have more job cuts by big technology companies. that s why some are calling
John and sandra. Good afternoon. Its a wet friday. Im martha maccallum. Thanks for joining us. We have a big lineup for you this hour. We begin here in the northeast where sandra was just saying millions of new york City Residents are being urged to shelter in place at this hour as torrential and lifethreating rain causes huge highway tieups and subways are flooding in new york city. Theres hundreds of flights that have been cancelled or delayed at this point. Katie byrne reporting live from hoboken, new jersey just across the river. High, katie. Hi, martha. A lot of people that were able to make it in to the city or to hoboken for work this morning are now wondering how theyll get home. We have roads submerged in water here in hoboken. If i step out in the street, the water gets deeper. Weve been here all day. The water has not receded much at all. Its one of those days that you cant get around hoboken by car. Ive talked to a lot of commuters. Were by the Train Station here. Some told
they said we would not wait to enter the school. we would immediately go in and engage. they said they did just that within minutes. they were inside the school. they came if contact with the suspected shooter on the second floor. that is where they engaged and say that she was shot and killed at that point. so those are the details that are just now emerging. i can imagine for the parents of the children in that school, whether they were one of the ones that lost their kid or did not. that s what they re asking themselves, i m sure. and you know, police didn t reveal why they focused on this particular sentence that we would not wait. but some may be thinking back to the uvalde school shooting and some questions by law enforcement in that case may have waited prior to entering the school. metro nashville police wanted to make clear that that is not what they would do in this case. now, i know water hearing from several major players here,
tell people what is in there, everybody agrees that we need to get done. jackie: are you worried about inflation? a lot of americans seeing gas prices soar up 60% from last year. they re paying 20% more for meat prices and water hearing from economists and experts that we ll see another 5 to 6% inflation come the new year. so anybody that says that they re not worried about inflation isn t somebody that is paying attention at the grocery store or gas pumps. in michigan, my gasoline prices are going down. i care about what will happen in the fall. when i first got elected, i posted on instagram every week because i go to kroger sunday. the price of milk, eggs and diet coke. i think you re seeing the price of some goods go down. the industry i care about a lot is the auto industry. it s going to take awhile to see those car prices go down. used car prices are up more than they ve been so of course, i was