rates again how president biden is defending his policies and what it could mean for your finances. karina: why some say rising interest rates will cause prices to cool. one year since the state opened up the economy. what those are saying after the restart. it is wednesday, june 15. reggie: and sue is joining us with your cute haircut. drew: we are already starting to see the influence on the coast. it is two degrees cooler in the

city but elsewhere, that marine air not able to get inland so it is a little bit warmer. temperatures are 40 on the coast, 50's on the bay shoreline. we are in the 60's. showing us moonlit skies. today we will have patchy fog, a lot of sunshine. tomorrow, significantly cooler. we will look at those temperatures coming up. reggie: starting today with the economy and the desperate effort to slow inflation. the fed set to announce the biggest interest rate hikes since 1994. we have team coverage this morning. ryan curry has more on how this will impact the bay area. >> you said it yourself, this

will be the biggest interest rate hike in decades and the fed is trying to do this without triggering recession. >> the rise of goods and services continues as grip on americans. >> families are now spending nearly $350 more than they did for the same things last year. gas is up five dollars a gallon, groceries are up to. almost 12% and rent is up 26%. with rising costs of rent has people looking for work. the labor department says that producer prices rose 28% last month. the federal reserve is responding by raising costs of

interest rates .75%. >> the only way of doing that is by getting those interest rates up and slowing the growth rate. >> credit cards, mortgages will rise even more. the cost will rise on just about everything. president biden reminded that employment remains at an all-time loan. >> i don't want to hear anymore of these lies. about reckless spending, we are changing people's lives. jobs are back, but prices are still too high. the hard work is not done. >> the federal reserve is trying to tame inflation but some

experts warn that the country is headed for recession. karina: bay area home prices have been soaring during the pandemic but a possible recession could cool the market. ryan curry joins us live on what h housing market experts expect could happen. >> with the way the economy is going there is a chance that those prices could drop slightly. according to local expert group, prices could stabilize or drop. the list price for homes are rarely the selling price. they envision more transparency, but interest rates are still

historically low. part of that demand is due to the rise in working from home. people are looking to buy cheaper homes in the bay area. >> even with interest rates going up, we are still below our levels in terms of invest supply for housing. >> other real estate experts say they expect the brakes to be applied when it comes to the buying frenzy. there is still a lot of demand but with the economy the way that it is right now and the potential recession coming, we think people will be more hesitant when it comes to buying homes. ryan curry, abc 7 news. karina: the national average for a gallon of gas is around five dollars. that is a milestone that has not been reached.

the bay area is $6.61. a gallon of gas is $7.29. it does include a $200 gas rebate for californians in the budget. reggie: east bay high school graduates were left off the ceremony program and their deployments -- diplomas got deleted. they feel discriminated against. their parents went to the principal why the students got excluded. >> he said we are here to pick up their certificates and she looked at us and said, we forgot

to order the certificates. it will be about a month until your kids receive them. reggie: the school gave them programs with the names on them. they apologized for the omission and hope a clerical error like this does not happen in the future. karina: there is a proposal to invest 118 million into the aapi community. it would ba.1 time investment spread out over two years from the city's general reserve. however the mayor is against tapping into the general reserve

over concern of putting the finances at risk. reggie: a vote is expected on whether to offer the moderna vaccine's for the youngest americans. health departments are gearing up to provide vaccinations. they are ready to start next week. the fda has given authorizations teoix to 17 y last year, governor newsom said. the state was back on the path to normalcy. they faced three more surges from the delta and omicron variant's. they say about three force of

the state's population is now vaccinated and hospitalizations remain low. drew: 5:08 and we are taking a live look outside. along the coast we have a little bit of patchy fog this morning. we will regroup along the coast and have some cooler temperatures by tomorrow afternoon. we are still warm away from the coast. high pressure is still in control, when you look off to the north, this area of low pressure will bring a cold front end tomorrow which will bring temperatures back down. it will bring back some fog. by 11:00 a.m. we will see that rain on the coastline but away from the coast, there will be a lot of sunshine. the heat will peak in land, 70

in the city but 86 in san jose, 94 in fairfield. tomorrow, with that cold front the numbers get knocked back down. friday, the 60's and low 70's. the weekend forecast coming up in nine minutes. sue: we do have light conditions and a little hazy. you have those headlights moving in the west direction. you have this beautiful shot of the golden gate bridge. we do have high winds across the dunn martin bridge. smooth sailing from marin and san francisco. you are looking about a 20 minute drive and elsewhere those

high wind advisory in all to mont -- altamont. reggie: we have seen brush fires in the major issues that we are seeing in the fire departments. karina: a young security guard killed in a murder suicide. reggie: red light, green light a new reality series based on squid ga

karina: new details about the double murder and suicide in san jose. family members are identified the family member that was killed after trying to break up a fight. the actions of the young man and the person he was known to be. >> what should have been a

normal day on the job turned deadly. he was being hailed as a hero. he was a security guard who was killed in a double murder suicide. >> being the good man that he is was trying to assist the woman and children. >> the family said that he was responding to a noise complaint that turned out to be a couple having an argument with their six children present. >> this was some kind of domestic dispute that was occurring in the parking lot area. a security guard tried to interview and help in some way. >> he killed my cousin, he killed the woman and then he killed himself.

>> its actions reflected the kind of person he was. always eager to help. >> he was a good man, he was a really good son. he tried to help his mother make ends meet. >> he was an inspiring firefighter with the contagious smile. someone who spent five years growing out his hair only to give it away. >> he had such a good heart. he wanted to donate his hair to children in need. >> he was a great young man with his whole life ahead of him. he was a great brother, son to his mother and i know one day he would've been a great husband

and father. reggie: a show of support for the family, the san francisco man killed last year. more than two dozen people gathered outside of the hall of justice yesterday. the daughter of the man expressed her appreciation for the support he received. >> this is strong and powerful that made us rise up. 21-year-old was charged with murder and assault with a deadly weapon. karina: california's forest service is severely understaffed. more than 62% of the positions have been filled.

they could not fill about 1000 new positions. they blame low pay, strenuous work and the stress of the job. reggie: a brush fire in pittsburgh that threaten multiple homes is under investigation. crews say that it started out a homeless encampment. the fire burned into backyards. they were able to get the flames under control. the flames burned more than 18 acres. karina: portraits of president barack obama and michelle obama will be displayed at a museum in san francisco. they will be on display until august 14. bay area residents will get into

the museum for free on saturdays. a video will talk about the historical significance of those videos. the squid game is getting a reality show spinoff. squid game the challenge will feature 456 players competing in games inspired by the show. unlike the show, no one will die. $4.5 million cash prize will be available. this series is casting now for the u.s.. reggie: unlike the show, no one will die is the best sentence i have heard. karina: none of us watch the

whole show, i don't know how it works. drew: you just want to be the last one standing alive. i think a lot of people will sign up for this. it is a lot of money. reggie: i am reporting whoever wrote this to hr. drew: here is a lovely view from our south beach camera. another day where most of us are seeing a lot of sunshine. tomorrow and friday we are watching a cold front moved through, it turns breezy and cooler. right now, it is a mixed bag of temperatures. 40's on the coast, 50's in the

bay. inland we are in the 60's. we will have that onshore breeze again. stronger wind gust will usher in some cooler weather on thursday. 70 in the city, 91 in concorde. even in the north bay we will said mid 80's. future tracker temperatures, watch as these numbers tank as the cold front moves through on friday. here is the seven-day forecast, cooler on friday. for the holiday on sunday, we

will warm back up. one week from today summer officially begins. reggie: detention extended, how much longer a wnba star will be detained in russia.

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record high. this station in san francisco has it at over seven dollars a gallon. reggie: the fbi is investigating the tops market attack. drew: we will go back into the 90's in our warmest spots. cooler temperatures tomorrow. sue: your morning commute, it is getting crowded as you make your way to the bay. karina: hundreds of stubby dogs are heading to san francisco. it will include a corgi costume

party. reggie: a russian court has extended brittney griner's detention. >> this case has been problematic from top to bottom. a russian court now extending her detention through at least july 2. the state department saying that they are working around the clock to free the wnba star after she was detained in an airport in moscow in february. they accused her of carrying hashish oil in her luggage. an offense punishable by 10 years. her teammates and coaches meeting with members of the state department this week as they worked to secure her release. we will have much more on greiner's court date coming up

on 7:00. karina: the king meets the crown. lebron james is a four-time champion it was impressed with the stanley cup. it is the oldest professional sports trophy and the tampa bay lightning face off in the final tonight. abc 7 is your home of the nbc finals. at 9:00, it is the top 10 hosted by rob lowe. and we'll a fortune at 10:00. reggie: two senior citizens have lived up to the saying it is

never too late. they took to the skies to skydive. they started skydiving at 88 years old. her friend, it was her first time. >> the view was so gorgeous. the weather was great. this was my first job. if you are even thinking about it, go for it. reggie: 95-year-old k was nervous because of all the young people around. karina: you think you are young, i feel like i'm a 30-year-old and i feel like i'm still 20.

reggie: security screener shortage. a company looking to hire within nice signing bonus. a live look outside.

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building a better bay area, moving forward, finding solutions, this is abc 7 news. reggie: inflation is skyrocketing and gas prices stepping up to help.cordom are e the state settling lawsuits over a deadly shooting. how much the families of three victims will get. good morning it is june 15. karina: let's begin with the check on the weather. it is going to be warm again?

drew: we will go back into the 90's but we will see an influence from the marine breeze. not strong enough yet to bring us cooler weather. right now, we do have a few 40's on the board. a few 50's along the shoreline. here is a beautiful picture, the sun is slowly coming up on the eastern horizon. it is still a warm one. friday, the weather will be warmer. karina: the 30 year fixed rate

mortgage has gone from 3% to 6% since the start of the year. if you bought a 450,000 home in january it would be the same as a 360,000 home. biden has said he has tapped oil reserves and he is trying to get grain out of ukraine to address food prices. the president emphasized that he is focused on helping the economy. >> the republican congress is doing everything it can to stop our progress on bringing down prices. karina: the fed hike is coming later today should impact on bringing down prices. reggie: people feeling the

impact on inflation. what can we do to deal with these rising cost? >> that is definitely the question on everyone's mind. how to deal with rising prices across the board and it comes to the price of the pomp and price at the grocery store. what are people doing about it? they are looking for jobs that pay more. according to job recruitment, 50% of applicants put higher pay as reasons for seeking a job. that puts pressure on employers when filling positions. there are other factors as well related to finding jobs. they can offer stipends to deal with related costs. >> you may have to pay more to

make sure that person doesn't look for another job because they are not paid enough. we are fine with employees leaving. >> according to their data, most of these people wanting pay raises are millennials working in tech or they have families. 44% of workers want jobs allowing them working remote. life in walnut creek, ryan curry. reggie: our media partner reports that 13,000 bay area households are eligible for

relief under the california program. to be eligible you have had to have missed two mortgage payments. karina: $3000 signing bonuses are being offered to people wanting to become airport screeners. this comes after two days of long lines at the airport. a minimum of two hours for domestic flights and three hours for international flights. reggie: california courts paid out millions of dollars to families. they were dispelled from a program after refusing to comply to the rules of the program. the settlement was part of a

state budget that was released on monday. karina: the house committee investigating the january 6 riot is preparing for a day of testimony. they are expected to outline president trump's relentless pressure campaign against vice-president mike pence. he has given the green light to his top advisers to cooperate with the investigation. reggie: mitch mcconnell supports the gun legislation that has bipartisan support. he is comfortable with this nt

he will be supportive. karina: merrick garland will meet with the victims of the tops market shooting that left 10 people dead. garland will visit the site of the shooting. the fbi is investigating the attack as a hate crime. reggie: uc davis found the red flag law may have prevented 58 mass shootings. it is the in-depth case study of that law. the red flag law allows authorities, family members, educators and coworkers to temporarily remove firearms that appeared to be a threat. it is the first of 19 states to adopt red flag laws. karina: big changes coming to

the christmas celebration in san jose. the director is stepping down this week. there is now a search for a christmas boss. mensky moved to roseville and he plans to return for christmas in july. san jose native honored in the city where he grew up. the former president is set to speak at a memorial this week. reggie: a check on the weather withdrew. drew: an end of an error. a. we have a full moon in the

morning sky. it is the full strawberry moon. walnut creek dealing with clear skies. it is still a warm day away from the coast. changes are upon us tomorrow. we will have some cooler weather on friday. there is some patchy fog along the coast side. a wide range of temperatures, 90's in our rural spots inland. the three day forecast, heat hangs on one more day and then that cold front knocks those temperatures down we will be

barely in the 70's. let's say good morning to sue and how we are doing on the roads this morning. sue: taking a look at walnut creek, southbound 680 with those taillights on north main street. looking at an eight minute drive from concord. there is very few people on the road 5:40. from novato to san francisco about an 18 minute drive. we have a little bogged down over the altamont pass. antioch into concord looking good. we

reggie: a karate instructor is facing sexual assault charges against a child. he ran an afterschool program where he met and assaulted a 14-year-old girl. police are sharing ramirez photo in case there are other victims. >> we want to put his picture out there in case anyone recognizes him. reggie: the assault happened between august of 2020 and june of last year. karina: today the ashes of

vinetta died last month at his home in maryland. a memorial service was held on the east coast and another memorial will behead tomorrow where bill clinton will speak. he will be laid to rest next to his parents. reggie: thousands of people have been forced to leave yellowstone park. abc news reporter has more. >> catastrophic flooding at yellowstone has forced 10,000 visitors to leave. the yellowstone river overflowing its banks after days of rain and snow melt. near record high temperatures melted five inches of snow and higher elevations triggering the flood. >> the river started to rise and

we knew we had to get out. >> including this bunkhouse for employees washing it miles downstream. >> parts of the main highway and the park also washed away. rocks raining down on the highway hitting this suv. the park could remain closed for a week and northern entrances may not be open at all this summer. outside the park, major damage to the town of gardner. the national guard airlifting a dozen people who were trapped, remarkably no deaths or injuries reported from the flooding. karina: if you already feel like a sardine on airplanes you may

not like this. it is double-decker seating. the concept began as a college project and now an airline has agreed to pursue it full time. it has some lug room but you can see it could be a bit claustrophobic. reggie: i would absolutely die from this. can you imagine? karina: she wants you to believe that you would enjoy this. reggie: you are on a nine hour flight and the wall is right there. i don't want to ruin people's dreams but i will ruin this one. say goodbye to microsoft

explorer. it is the id of an era. explorer is being replaced by microsoft edge. internet explorer was introduced in 1995 it was 95% of the market. that was then, this is now. what is your preferred, what is your go to? drew: i am on firefox. karina: google chrome. i just double-click whichever one is up. drew: i just use microsoft explorer to get limewire. reggie: to get that jessica

simpson single. karina: didn't people get sued over downloading songs? drew: and then apple created itunes. drew: but now there is a goldplated walkman. let's look outside. showing you that sunrise getting up in our northern skies. warm inland but tomorrow and friday it is going to feel cool around here. right now, just a little bit of fog on the coast. 50's on the shoreline and 60's

inland. winds are calm around the region. but they will pick up in the afternoon. a wide range of temperatures. 91 in concord, 91 in santa rosa. 70 in oakland, 70 in the city. half moon bay is at 63. numbers in the 50's as we had in the thursday. by friday, temperatures are below average. we are all in the 50's and 60's. here's the seven-day forecast, it is gusty and cooler thursday and especially friday.

we will start off the weekend below average and then summer officially arrives tuesday morning. reggie: warriors fans are in good company. >> it is a special sports town with a rich history. hopefully, the warriors will be bringing back another championships. >> tommy thompson grew up in northern california and has been a warriors fan his whole life. to see guys like steph curry and draymond green overcome the obstacles to get where they are at is great for us. reggie: you can catch players at

the chase center routing on the warriors. abc 7 is your home for the finals. we will have live coverage at 6:00. into the metaverse, we are all headed into the world of virtual reality. corgi con

karina: this week kicks off the first california park state week. that includes kite flying and a beach cleanup. officials want them to explore

activities that are good for the mind and body. reggie: hundreds of small, stubby little dogs are headed to ocean beach. corgi con is going to be out of this world. it starts at 10:00. in the past, more than a thousand dogs have shown up. karina: many users have to review all of someone stories on instagram in order to see a new one. they apologize for the inconvenience. no word on how many users are affected by this issue. reggie: the newest tiktok trend

is using balsamic vinegar and sparkling water to replicate coke. it's supposed to taste just like coke. others say a tastes nothing like coke. drew: is coke behind this? reggie: keep that skin looking healthy. drew: you found your light. the temperatures are in the 50's this morning. here's a live look, looking at

san francisco. it is the full strawberry moon. it was very bright last night. a little bit of coastal fog today. around the bay shoreline, tomorrow and on friday temperatures will be barely in the low 70's. karina: abortions on the rise due to the upcoming decision by the supreme court. reggie: the reality on where we stand on ending the pandemic.

karina: the reason the mayor's standing against reparations to the asian-american com tobe: in the society that we were brought up in, it's very hard on little black boys. jordan: sometimes, when i cry, i won't know how i'm feeling or why i'm crying. tobe: you have to navigate feelings and emotions so they world don't get you.

♪ ♪ ♪ ♪

treat dad to father's day at lowe's. >> building a better bay area, moving forward, finding solutions, this is abc 7 news. >> with rising rates, could that

mean a cooling housing market and a better time to buy? not everyone agrees. our team is keeping and i on your money and how it is changing in the bay area. >> and the number of americans who say --. >> the future is now. >> everything old is new again. coming back to our 90's today. cool spots along the coast. most spots waking up with numbers in the 50's. another sunny day will feature