look how his eyes burn when he sees jerome powell, and he was set up by mr.avel, his colleague from europe, christingard, and thanks to our last prank victim, when she still thought that she had talked with the real zelensky, we asked her to connect us already with the head of the russian federation, which she did. let's watch the first part and then we will discuss turn it on. why do you think russia was able to overcome the sanctions policy? i was told that the sanctions are hitting the european economy of the eurozone more than russia has grown and now it is, if i'm not mistaken, the ninth in the world in terms of gdp. , firstly, how right you are and it seems that the russians managed to avoid the most severe consequences of the sanctions, we all know the head of the central bank in russia, she did not a trained specialist. we know her from international circles. she is very knowledgeable and smart. so she will do everything so that the russians avoid sanctions as much as possible. although we still think that sanctions are hurting, not as much as we hope

what, we have a ton of mulch. >> federal reserve chairman jerome powell allegedly prank during a phonee thought was ukrainian president volodymyr zelenskyy. the new york times reports that powell was tricked by two supporters of russian president vladimir putin. here's how this call began. >> let me just say, it's a great honor to speak to you today. i'm glad you've made time to speak to me. and it's just great to be with you today. >> vanessa yurkevich is covering this. vanessa yurkevich, it's so sad. he so gracious there, and he so happy to be speaking to president zelenskyy. so, how did the fed figure this out. and what are they doing about? it >> all right, so the fed has already for the specific situation ta'lon force meant, to try to figure out exactly how this happened. but what the fed is saying is that the fed chief had a call with who we thought was president zelenskyy in january. this call happens. but it seems like later they found out that it wasn't actually president zelenskyy on the line. it was these two russian pranksters. he did not reveal -- fed chair powell did not

jerome powell apparently got pranked.blowing to me. how did this happen? how did he not know it was being pranked? it was a video call. >> you've got to assume volodymyr zelenskyy wasn't on it. it was a one-way video call. the pranksters, a couple of russian comedians that do this all the time just pretended to be volodymyr zelenskyy, the ukrainian president. they do this all the time. they constantly posing as world leaders or prominent firings and then calling other prominent figures and world leaders and having prank calls that aren't necessarily hilarious, but they're sort of intended to be similar to the conversations you'd imagine these two figures would have, as a means of revealing some kind of truth. you know, these people are not going to get interviews with jerome powell normally. the fact they got through to him and then broadcast what he thought was a private conversation. he spoke inflation in the united states. he spoke about how there may be a recession, there may be low economic growth. they also tried to

jerome powell was sure that talking with the ukrainian president was one successful compliment, and thenng to the classics, everything that american politicians had in mind, ivan prozorov listened to in a confidential conversation in the language. who else besides pranksters on behalf of zelensky will call the head of the us federal reserve one of the wisest people in the world, when the united states has the highest inflation in 40 years, and in order to contain it , the department raised it seven times over the past year key bet jerome powell seems to have melted away and, in a conversation with the fake president of ukraine , began to lose the mood in the american establishment. why was russia able to overcome the sanctions policy? i was told that the sanctions are hitting the european economy more than they are hitting russia. it seems the russians managed to avoid the worst effects of the sanctions . we all know the head of the central bank in russia. we know her from international circles. she is very knowledgeable and smart. so she will do everything to russian as much as possible

the "associated press" reports fed chair jerome powell was tricked into a fake call with madison prankstersnded to be ukrainian president volodymyr zelenskyy during the january call. videos of the conversation where powell appeared to discuss the economic impact of interest rate hikes were posted on social media. a fed spokesperson said no sensitive or confidential information was discussed. >>> and the "detroit free press" says a michigan middle school student saved a busload of children after the driver passed out. video from the bus wednesday shows 13-year-old dylan reeves springing into action. he hit the brake, helped steer the bus to a stop, and told students to call 911. there were about 60 kids on board. his parents spoke yesterday during a ceremony honoring the seventh grader. >> surprised us with great grades and with his performances at school, with friends, with peers. and to do something like this just fills my heart. >> the school superintendent said the teenager prevented the bus from swerving into oncoming traffic. the driver remains hospitalized. >>> still to come, uber's l

what's different from what that's different from what fed chair jerome powell said after that meeting when he claimed, we don't know if there will be a recession and the fed's interest rate hikes may soon end after the latest inflation report showed prices coming down, officials in eastern indiana are now blaming a negligent business owner for this toxic fire that's still burning more than 2000. residents have been evacuated from around the scene in richmond. court documents say the building, which holds recycling plastic, has previously been cited for safety issues formerly conjoined sisters, amy lynn and jamie lynne findlay are back home in january, they became the first twins ever separated at fort worth cook children's hospital. the sisters were connected at the chest and shared a liver. jamie loon went home last month, hospital staff said. that she saw them leave leave. seeing the baby's leave was very emotional. yeah i brought a few little tears to my eyes. it's neat one. we get to see our kids go home with their families. that's that's why we do it part of our family. and so th

i think that jerome powell has been deified in this city, but unjustifiable. lauren: hmmm.eresting to me. just because, you know, i think when you start talking about the fed and some business issues , they go over regular people's heads but if he can connect maybe that could be a winning issue for him. last question, greg. go ahead. >> the hook is inflation. if desantis can tie inflation to the fed's track record, he's going to get some traction. lauren: all right brazil's president met with china's xi-jinping in beijing today. this visit comes after china convinced brazil to drop the u.s. dollar in some of their international trade agreements. this is a big deal. how much does china's power on the world stage worry you? >> it worries me a lot and i think that the sanctions may actually get toughened over the next few months. if you look at what kevin mccarthy has been saying and doing, the mood here in washington is really harshly anti-china and it's not just republicans. both parties feel that china has gone way over-the-top with the way they've handled covid, and i thin

president zelensky, this time took above, a candid interview with the head of the american reserve jerome powell again those responsible for the west's anti-russian sanctions admit that they failed. moreover, because of the competent actions of our economists and like christine lagarde a month ago. pavel praised the head of the russian central bank or vera nabiullina russians managed to avoid the most severe consequences of sanctions, we all know the head of the central bank in russia, she is not a trained specialist. we know her from international circles. you know, for many years, she attended the meetings of the central banks, and they responded well. uh, how about a techie. she is very knowledgeable and smart. so she will do everything so that the russians avoid sanctions as much as possible. in the context of western sanctions restrictions and import exports, the fall of the russian economy last year was only 2%, that is, less than predicted from foreign analysts, even domestic analysts, and this year they generally expect economic growth, at least by a percentage, without breaking russia's

on rollback under the trump administration, adding he can do that without approval from chair jerome powell said those changes to make the bank more sacred and resilient. >> we are following news on abortion tonight. surprising both in two conservative states, legislators in nebraska south carolina with her public majorities failing to pass strict new bands nebraska's heartbeat act to ban most abortion after six weeks falling one vote shy of the feeding opponents filibuster while in south carolina, the senate rejected a bill that would have banned abortion from conception, except for rape, incest and other narrow exceptions. supreme court justice samuel alito wrote the decision overturning roe v wade telling pretty good idea who leaked the draft of that decision. while investigators have been unable to identify theweaker, using a preponderance of the evidence standard , justice alito says he is certain of the motive, to prevent the draft from becoming the decision of the court. next tonight, 14s are in custody following a shooting at a prom after party in jasper, texas. all are accused of m

ibly15 if jerome powell were to ask what he should do, would you say after wednesday, stop and pausele? >> i'm not sure they should hike on wednesday but i am not sure. he's not going to call me. given the turmoil in the banking system, the uncertainty, not to mention there is a lagging indicator that is inflation knowing the effects of monetary policy are in the future but given market expectations of the fed, best guess that is what they are going to do. does he more forcefully him that was it or does he stay that independent and emphasize what will pick up in the press conference? jack: we were talking about the fact that the market's climb is mostly on the back of a few large tech stocks. you've written about the potential dangers of the market relying on a few generals as you call them. will the soldiers pick that up? what is the next leg of this? >> we are not seeing that but it is not just the bias to the very large names. they are not all tech. they are techy communications services. the fact that outside of those mega names is more biased in defensive areas like consumer sta

[000:00:00;00] squfrs jerome powell, it is he who determines the monetary policy of the us central bank by the fact that in the ranking of the most influential people in the world , this forbes building took the eleventh line; global crisis to the fed. forced to take even more unpopular measures. last year. we historically raised our key rate sharply to slow down the growth of the us economy and at the same time bring inflation down to 2%. but this is not enough, so soon we will make two more rate hikes at 25% points. i think we will keep this level for a long time in this way. the key rate in the us in the near future will be five and a half percent in recent years. it is steadily relaxing the already troubled us economy, which has just begun to recover from the coronavirus pandemic and further forecasts are depressing. officials, paradoxically, see only the fall in the standard of living of the population. we need a period of slower growth for the labor market and wage growth. it could be painful to cool down, but we don't know of any painless way to reduce inflation. in russia, the e

president of ukraine vladimir zelensky, as her colleague, the chairman of the us federal reserve, jerome powellced the uncomfortable truth. it is he who determines monetary policy the us central bank is on the list of the most influential people in the world. this building was ranked 11th by forbes expecting interest rate cuts, but back in 2018 the white house criticized it for tightening monetary policy now due to the global crisis. fed. forced to take even more unpopular measures. last year. we historically raised our key rate sharply to slow the growth of the us economy and at the same time bring inflation down to 2%. but this is not enough. therefore, soon we will make two more rate hikes of 25% points. think, keep this level for a long time thus the key rate in the us in the near future will be five and a half percent for the last year. it has grown steadily, squeezing the already troubled us economy, which has just begun to recover from the coronavirus pandemic, and further forecasts are depressing for ana.

. >> reporter: fed chair jerome powell remain confident when asked about the danger to commercial real estate last month. >> the banking system is strong and sound and resilient and well-capitalized. >> a recent report found that the san francisco office vacancy rate has hit an all-time high, reaching nearly 30% in this quarter alone. >>> 13 environmental groups band together and sued the epa for not regulating water pollution. the lawsuit claims the agency did not set limits on chemicals that are in wastewater coming out of oil refineries. chemical plants and other factories. san francisco beekeeper is part of the coalition behind the lawsuit. it claims that the epa has failed to update pollution regulations to keep up with the clean water act. the epa says that since this is a pending litigation, it has no more comment to add. >>> a juvenile gray whale who washed ashore near the san leandro marina last week died after being hit by a ship. to scientists say that they found evidence of blunt force trauma from a propeller. the species has lost nearly 40% of its population since 2019. >>

talking point number three, what in the hell is jerome powell doing? you look at news about trump, people are very worried about the direction this country is taking, how polarized it is, how businesses are trying to get involved, some on the right, some on the left and it just doesn't feel like this economy is moving the way it should be, we should be in a shell shelby cobra environment economy but instead we're in a ford pinto economy. after they eased way too many times and put too much liquidity into the system. we turned the whole thing into a jalopy so people don't have faith in fiscal competence, they don't have faith in monetary policy, they don't have faith what is going on with government in this country. there is a lot of uncertainty out there, probably as much as i have seen in my 3years. charles: it is interesting, this year too, is that so far the script has been completely flipped. the best plays are artificial intelligence, might be ahead of themselves. c 3 getting crushed today. meme stocks are number one. non-profitable companies are

dan: jerome powell remained confident when asked about the danger posed by commercial real estate. >> the banking system is strong, sound, resilient, well-capitalized. dan: happening tomorrow, all eyes on wall street and the release of aqui report on inflation. experts believe numbers will show a kleiman retail prices but a lower overall inflation rate year-over-year. today's closing stocks. the dow jumped close to 100 points. nasdaq struggled, falling 52 points. s&p closed barely, losing a point. unemployment in the united states during march fell, showing hiring remained fairly robust last month. ama: that gets us to tonight's abc 7 advancer at 11. our way to get you ahead and informed on the headlines he'll be hearing more about in the days to come. we've talked about tech layoffs recently. san francisco is hiring. i'm getting you ready for a hospitality job fair tomorrow morning at the ferry building. bring your resume. more than 80 companies will be represented. restaurants, hotels, retail, security, transportation. there will be entry-level and top management jobs. some will be

i would to join in the high appraisal of your work from the outside, and the head of the fed , jerome powell other day what you did, the maximum in order to reduce the impact of sanctions on russia and here is such an assessment. i would like to wish the central bank further fortitude, but the second is the issue of voluntary savings of citizens, which you developed into the system together with the ministry of finance. but tell me, the ministry of finance believes that the profitability of these savings. uh, it will be even higher than for bank deposits. how can this be guaranteed by what? thank you, but really on voluntary, generally voluntary, the development of voluntary accumulation of long-term savings. this is an important priority in our work together with the ministry of finance, because it will also allow people to get new forms of saving money for a long time. for the economy, longer uh long resources, really voluntary accumulation can also give a higher return uh compared to deposits, because investments are made for a long time hmm and he can have a fairly diversified wide portf

dan: jerome powell remained confident when asked about the danger posed by commercial real estate. >>king system is strong, sound, resilient, well-capitalized. dan: happening tomorrow, all eyes on wall street and the release of aqui report on inflation. experts believe numbers will show a kleiman retail prices but a lower overall inflation rate year-over-year. today's closing stocks. the dow jumped close to 100 points. nasdaq struggled, falling 52 points. s&p closed barely, losing a point. unemployment in the united states during march fell, showing hiring remained fairly robust last month. ama: that gets us to tonight's abc 7 advancer at 11. our way to get you ahead and informed on the headlines he'll be hearing more about in the days to come. we've talked about tech layoffs recently. san francisco is hiring. i'm getting you ready for a hospitality job fair tomorrow morning at the ferry building. bring your resume. more than 80 companies will be represented. restaurants, hotels, retail, security, transportation. there will be entry-level and top management jobs. some will be spot. rs

so jerome powell is a local he's from this area. he grew up and grew up in georgetown or chevy chase, and he was the child of a fairly family in the area. they were catholic. he went to georgetown and he went to the same school that brett kavanaugh went to. actually, he went private here. he went to georgetown afterwards. he went to princeton. then he went to georgetown for law school lawyer, worked in sort of law for a little bit, but then kind of made the jump to finance. spent a lot of his career in finance worked in private equity for a while and of flit in between the private and public sector for much of its career. so we saw him working at treasury sort of in the domestic finance arms. we saw him working at the fed a governor before he became chair and tell real quickly the story of how he ended becoming a fed governor, because that really wasn't anybody's radar until it. no, it wasn't it wasn't actually. and we this is this is one of the places where my book breaks a little bit of news, because he was actually early working

uh, in general, in the global financial system, jerome powell.ground that is artificial - it says, in general, about a lot, probably, of the entire us banking system, because he said with such ease that hmm the us of course, everything is bad, but here, but we are holding on. yes, yes tell. now, i don't understand, i don't understand how a person of such a position can tell you this. well, because zelensky called and zelensky many want to talk, because ukraine's serious loans they are contained in dollars. well, the fed is a system where many, of course, from which, uh, many buy currency, and therefore, in general, american inflation is all. the rest depends on it, the global economy , fortunately, we have begun to move away from it. therefore his predictions did not come true and the fact that he agreed to build one of the frs banks in kiev, already talking about what ukraine represents for them. it was interesting how these guys manage to deduce western politicians, but you will agree to such revelations. it’s just that the phone says so, hello

and that's what i think jerome powell is doing at the fed. i don't think that he's fighting installation, but it's the kind of inflation that happens when we're, when the situation like we're talking about is actually the dominant thing and not necessarily what's happening with the consumer price index and domestic inflation stuff. a consequence of other things like that, not to say that that is what's going to happen in the near term. i'm still a dollar bowl in the short term release in the medium term. i think that the power has been very successful at collapsing credit markets around the world. and that's going to cause a shift back into the united states into the dollar. and we've already seen that. we've seen treasury yields drop. we've seen the dollar, even a firm up over where it was during the trumpet ministration like we are in a much different place than the headlines are making it out to be right now. so just it's like it's a process. it's a, it's a thing. it's happening, we should be aware of it, but it's not necessarily going to

opposed to cuts, which is what markets have been desperately trying to pricing despite everything jerome powell day. i will see you soon. —— you are up—to—date. hello there. storm noa has been bringing problems to transport, with road, rail, ferries and airports affected. meanwhile, out to sea, some wild weather in cornwall, with these large, mountainous waves pummelling the coastline. some of the waves were thought to be about eight metres high. that's the same height as two double decker buses stacked on top of each other. storm noa, then, has certainly been making its impact felt. it's this swirl of cloud you can see here on the satellite picture. and the top wind speed was recorded, as it often is in such storms, at the needles on the isle of wight , a very exposed site — at 96 miles an hour. elsewhere, well into the 70s. even across inland parts of southern england, we had gusts into the 60s of miles an hour and that was strong enough to blow over a few trees. now, over the next few hours, those very strong winds are starting to calm down. it's still quite windy, though, for wales and sout

they said as much last year, jerome powell, the federal chairman warned everyone that there will be some point seven target. right now it is running at around 5%, 6% if you strip away some of the energy sector. so we are a long way from that target and that will necessitate higher rent. —— rates. so whether or not the fed will fall in regards to its focus, i think it will be inflation over thejob focus, i think it will be inflation over the job market. to the uk now where soaring inflation is contributing to the biggest drop in living standards since the 1950s. struggling consumers are cutting back on luxuries. but there are some winners on the high street — retail sales actually rose in february — driven by spending in discount stores and second—hand shops. we get the figures for march in an hour or so. will the trend continue? let's speak to retail consultant kate hardcastle. how confident are british consumers feeling? i think what has happened is very interesting, a mix of micro— trends going on that can sometimes warp the picture. what we heard last month that actually supermarket s

the chairman of the federal reserve, jerome powell, said, quote, custody assets are off-balance-sheet, always have been. congressman barr asked you if you conferred with prudential regulators before implementing hand you said you, quote, consulted with bank regulators subsequently. clarify what that means, does it mean you issued one hundred 20 one without consulting banking regulators beforehand? >> again -- >> that is a yes or no question. i will try to address your question. putting crypto assets off-balance-sheet is a recipe for further risk in the system and disaster for the system. >> let me repeat my question. did you consult with federal regulators before shoving staff accounting goals in 20 one. that's a yes or no question. >> under the authority congress gave us, our chief accountant, the chief accountant, look at what public companies's questions are and they consulted with big four and internally to put out that staff accounting. >> what feedback did you receive from prudential regulators after issuing that? did they identify any conflict between saab one hundred 20 one at

outliers we have out there, and so, they are having the fed acknowledge, and as the fed chief jerome powellrill down on to self-critical, because they are the supervisor here. >> and if they are outliers, if there is a lot of them, then they are not outliers. >> right, two banks in millions of them. >> thank you for the analysis there. not bitter at all. not at all as i look down from my perch. thank you, friends. >> right. >>> and we are learning a little about mike pence going before the grand jury. cnn learns that he spoke for hours about the actions surrounding donald trump and the january 6th events. he has spoken different times, but this is the first time under oath. cai caitlyn polanz has more on this, and what are you picking up? it is clearly difficult to get out of there what they have been discussing in the grand jury. >> right, kate. this grand jury is secret. it is a secret proceeding and very, very protected and the pence team has not even acknowledged at this point that mike pence testified yesterday, but we were able to confirm through our sources after he left the building

how distant is jerome powell from his higher unemployment that he desires?the fed is not going to quit until the labor market quits. the labor market has not yet because i think the view is still it will be difficult to bring inflation down on a consistent and permanent way until you see more weakness in the job market. fortunately we do not see wages -- wage growth excel a-rating but it has not come down nearly as much as -- tom: this is just extraordinary. are we back to a bullard 7% in the last four minutes? jonathan: no. [laughter] tom: i'm looking at 355,000 jobs per month. michael: here's the interesting thing that happened, the household survey, the labor force group room in the fed is exciting more into the labor force and maybe that is bringing down the jolts and jobs numbers and, of those into the labor force, more people got jobs, 577,000, while unemployment fell for -- fell by 90,000. it was a did -- it was a big dichotomy between the surveys for a couple months and it looks like household is now catching up. jonathan: we have not had a downside

jerome powell held a call with a pair of russian pranksters, posing as ukrainian president volodymyrn state television. let us bring in kailey leinz in d.c. the call took place in january. kailey: it is making the rounds on russian media and u.s. media by extension today. the pranksters were impersonating president zelenskyy and chairman powell thinking he was speaking with zelenskyy spoke with them about a number of subjects, including inflation and the russian central bank. the fed is saying it is unclear the video is edited, it appears to be. it could not confirm it is accurate and said chair powell participated in a conversation in january with someone who misrepresented himself with the ukrainian president, it was friendly and took place in the context of our standing in support of the ukrainian people. no sensitive or confidential information was discussed. they added the matter has been referred to appropriate law enforcement. this raises some pretty big questions about security at the fed, considering these two were known -- they've done this with global leaders before, yet t

. >> reporter: federal reserve chair jerome powell talked abou the danger. >> the banking system is strong it's sound. it's resilient and well capitalized. >> a recent report found the sa francisco office vacancy rate reached nearly 30% in the first quarter of this year. >>> time is 5:21. the giants evened the series. want more from your vitamins? get more with nature's bounty. from the first-ever triple action sleep supplement... to daily digestive support... to more wellness solutions every day. get more with nature's bounty. >>> welcome back. heading into the afternoon hours, you can expect low 50s in the forecast. it will be mild with a daytime high of 53. a little warmer in san jose but in the grand schem of things this is the coolest day this week. for san jose, lunchtime set up upper 50s. kee that in mind if you head outside. it will be sunny but breezy, too, especially in san francisco heading into the afternoon hours. upper 50s quickly turn to 40s in the afternoon forecast. the wind will push in from the north at 20 to 25 miles per hour. >>> giants shut out the dodgers 5-0. two ba

kumasi: federal reserve chair jerome powell was pranked by someone. spesrs announced powell took part in the conversation. no sensitive or confirmation -- confidential information was expressed. reggie: convincing the a's tuesday. the new research suggesting selfies are not merely an act of vanity. that checks all the boxes. it's all here with the comcast business complete connectivity solution. peace of mind with cyberthreat security. the power of the largest, fastest reliable network. plus, save up to 75% a year with comcast business mobile. the complete connectivity solution. from the company powered by the next generation 10g network. get started for just $49 a month. and ask about an $800 prepaid card. comcast business. powering possibilities™. >> building a better bay area, moving forward, finding solutions, this is abc 7 news. reggie: now at 6:30, the warriors are one win away from the western conference semifinals. we are live at chase center with the anticipation building up. kumasi: plus, the a's potential move to vegas. might not be hitting

investors really thinking jerome powell will be forced to cut rates by the end of the year and they are celebrating that i'm a which is playing out in the equities picture. take a look at futures, australia, also japan, new zealand to the downside a little bit, but watching china because look at the golden dragon index, at rose in the session overnight . a lot of analysts saying the losses we sold this week in tencent, alibaba with those shareholder stake sales are likely to be recovered because analysts say the fundamentals of these companies remain intact, but there is always the question would we see a crackdown from beijing. >> you need to be involved in policy and regulatory action in china, right, and it seems there are anchor investors in china who have lost their patients. president xi jinping went on this charm offensive with high ranking officials promising the economy will boom again with the reopen, wanting to portray the country as a trustworthy business partner, but we are seeing this exodus begin with two key investors that have been long time china bulls, were talking ab

if video shown on russian state television suggests that fed chairman jerome powell held a call withof russian characters posing as the ukrainian president. in the video, he is seen answering questions on topics ranging from inflation, and the russian central bank. the fed confirms the conversation happened, but no confidential information was discussed. the fed also says the russian video appears to have been altered. the pentagon is under renewed pressure to explain why it feel to catch the error man accused of leaking classified information, this ahead of the new detention hearing for jack to sarah which alleges his access to classified information far exceeds what was publicly disclosed. it also says he had been suspended from high school for comments made about guns and racial threats. global news, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. shery: we have more to come, including what is happening in japan as we go towards the boj decision. this is bloomberg. >> i think the boj has made several mistakes in the

reporter: federeserve chair jerome powell talked abou the danger. >> the banking system is strong it's sound. it's resilient and well capitalized. >> a recent report found the sa francisco office vacancy rate reached nearly 30% in the first quarter of this year. in las vegas, the most popular food is broccoli. yeah, that's the only food. they have broccoli smoothies, and broccoli pancakes, and broccoli ice cream, and broccoli hotdogs, and of course, they have raw unseasoned broccoli..... with stems. -daddy, i don't want to go to las vegas with you and mommy tomorrow. oh, are you sure? are you sure you don't want to go, it will be so much fun! >>> giants shut out the dodgers 5-0. two back to back homers. w can't talk about the game without talking about the pitching. one hit over four and two thirds scoreless innings an the bullpen came through. in th sixth inning -- i was there. go nervous. they got out of a base loaded zero out situation. all six pitchers allowed three hits and no earned runs. the last game is tonight. alex cobb starts for san francisco and clayton kershaw for la. >>

a prank video chat involving the federal reserve chair jerome powell who thought he was talking to the russia, for example? so they manage to save the ru ruble. why? >> i should say in our system in, our governmental system, it is really the administration which is to -- we're not part of the administration. we're an independent central bank. >> a federal reserve spokesperson acknowledged powell participated in a conversation in january with someone who misrepresented himself as ukrainian president zelenskyy. but the spokesperson notes the clip was edited and could not confirm authenticity. no confidential information was discussed. just the fact it happened is, wow. senior chief business correspond christine romans is here with us. wow. right? >> it's embarrassing. it was meant to be embarrassing. these are two russian pranksters who are supporters of vladimir putin. they managed to hoax their way, prank their way to the very top. this was supposed to be a friendly conversation, the united states showing support for ukraine. that's what jay powell thought he was doing. he was instead

and you add it all up, jerome powell and the federal reserve have this decision to make may 3rd, do theeast a quarter of a point? as of now the most likely answer -- as it was, by the way, before the number came out -- is, yes, they will. before the cpi, traders in the futures market were figuring there was a better than 75% chance of that quarter-point hike. it dipped a little bit, down to about 65%, i just looked, it's back up into the 70s again. i would say, stuart, the bottom line here is not much has changed. you have a fed that wants 2%, we're at 5%, they still have work to do. that's where we are. stuart: understood. connell, thank you very much, indeed. peter morici is with us in this morning with more on the cpi. peter, it would seem that inflation is winding down and the market expects just one more 25 basis points hike for the federal reserve. do you see it like that? >> inflation is slowing down. i wouldn't say that it is winding all the way down. if we look at core services, they're clipping along. you take services less energy and housing, and it's still clipping along at

does this offer more clarity or what does jerome powell see in this?those trying to slow a super charged economy, see this gdp number as evidence that is happening but the jobs number are something that is still puzzling to the fed and big economists. the job market remains tight, which keeps feeding the inflation story. it is a chaotic and confusing picture. after the pandemic trying to figure out what is the new normal? >> is it enough to pause on rising interest rates? >> i don't know. maybe not. i think most people bet there's another 25 point basis points hike in, and then they pause. >> i'm not a betting point, john berman. >> i'm still riding the high on when christine romans said she liked the way i described it -- >> i said that. >> she said that. i agreed. >>> this morning kevin mccarthy is celebrating the biggest victory since becoming house speaker. the passage of a bill that would raise the debt ceiling depending on spending cuts. mccarthy and other republicans hope it might force president biden to the negotiating table. lauren fox is liv

. >>> federal reserve chairman jerome powell held a video chat earlier this year with with someone heential information was divulged. they acknowledged the carolip w posted online in january but had been edited. "the new york times" is reporting that the pranksters were russian supporters of president vladimir putin. jim. >> amazing that happens. >>> russia's invasion of ukraine triggered a flood of refugees. many were pet owners who had to leave their dogs and cats behind for what they hoped would be only a matter of days, for two veterinarians who specialized in exotic animal rescue, the situation led to a new mission. anderson cooper shares their story. >> all this situation in ukraine will be three, four days. so a lot of people just close animals in apartments, in houses, and think that everything will be fine. >> reporter: for more than a year now, the stoyanovs have been rescuing and caring for dogs and cats by the hundreds in ukraine. despite the danger, they put their lives at risk even driving to the front lines to vaccinate and feed animals. >> russian families a lot of tim

. >>> and this morning videos circulating of a prank video chat involving the fed chief jerome powell and who he thought was president zelenskyy back in january. >> it is a great honor to speak to you today. i'm glad you made time to speak to me. and it is just great to be with you today. >> a federal reserve spokesperson acknowledged powell did participate in a call with someone who pretended to be zelenskyy but the clips had been edited and they can't confirm their authenticity. they say no sensitive information was discussed. the pranksters were supporters of vladimir putin who pulled similar stunts with angela merkel. >>> it is the end of the line for a conflict on the run after a prison break. where the law caught up with him. >>> and plus no driver no problem for a 7th grader who grabbed the wheel to save a school bus. >>> and former vice president mike pence's testimony about the 2020 election, should donald trump be worried. parodontax toooothpaste... ...is 3x more effective atat removing plaque bacteria, one of the main causes of bleeding gums. parodontax. the gum experts. el

debt obsession to what's going on in the economy i would like to hear what jamie has to say than jerome powell cuts being priced in september my ceroncern is if tá)happens, the s&p earnings are only going to dripÑi■lower from he market may be overvalued every bank tells you something different. some have been getting hit on the deposit shifts on the banks themselves wor deposit flielgt flights, i'm concerned about the margins. >> what do they have to do to stabilize the margins? that's a costly venture. when you see a small regional bank offering close to 5% to keep money there, that's going to keep upe■ with that bank. ybih if you don't have anyone to lend to and your margins are going to get hit, you really can't w■gro so it becomes a return on equity story for these banks. and that's historically how they traded these banks are not overly expensive but not overly cheap yet. a month ago, i didn't have a position i don't have a position now. to me it's aboutç■ the story of falling for the economy. >> what about the re doesn't really reflect -- we'refá talki about earnings dynamics.w■ i would

and then there is the story of fed chair jerome powell, pranked by a couple of russians pretending tohe figure it out? and harry enten will tell us why the american dream of owning your own home is out of reach for millions of young americans. our reporters are here. they are ready to go. it will go through all of those and more, when i joined them next. your dedicated fidelity adadvir can help you open those doors. for you, mama. through h personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com with scope squeez, a one-liter mouthwash bottle fits in the palm of your hand. add water, control the squeez, control the strength. ♪ sq

jerome powell is talking about it's something in the future. this thing is sort of limited.in you can do as much as you want. but it's a step of the government getting involved and you will be hearing a lot more from crypto enthusiasts. it has all the earmarks of the government getting into this business competing with crypto. gary gensler and the enforcement wields of the sec are looking to put a lot of these companies out of business. bitcoin is up, what did you say, 60%. liz: 68% year to date. it's been on fire. charlie: one of the reasons why, let's unpack that before i leave here. it's down from its highs in the 60s, i believe, but it's because you had the crypto winter that knocked out so many other coins and there was a flight to quality. there is a little bit of that going on. and ether is up as well after the other bitcoins have bitten the dust. liz: happy holidays to everyone. commercial real estate. this was under severe pressure since the covid lockdown. workers found they can basically work from anywhere. our countdown closer says that's what makes the sector an

coming down, the index is still more than double what the federal reserve is looking for chair jerome powell said the fed's target for inflation is 2% volunteers headed to san francisco's chinatown this morning to make sure people know about the potential impact of the end of the federal covid emergency rules that suspended eligibility reviews for the low income health insurance program medicaid or being lifted. 15 million californians who received coverage through the state program medical will now have to show eligibility. state treasurer fiona ma says that 2 to 3 million people potentially coverage, including some who may still be eligible. and that is where it is always vulnerable for our community, because there is that language gap. people don't trust government. they're not looking at their mail all the time. they don't know who to call and all of a sudden one day they may lose coverage. officials say people who are found to be ineligible for medical coverage will be automatically enrolled in covered california and we'll have a month to decide if they want to continue. alright the a's

but, you know, the way i read jerome powell, he's not really giving any indication that he is going to pause. he keeps saying -- and i believe him here -- inflation is still not under control, it's still unpredictable. i think they're going go for a miss by going way past where perhaps they should because they're concerned what happens if we take our foot off the gas, right, and inflation spikes again. then he really looks bad. so i'm not so sure that this pause is a guarantee by any stretch. liz: i know, but shouldn't investors at least start to prepare for a pause, dan? >> well, yes. eventually the pause will happen and, yes, investors are going to have to look at that -- liz: how? how? how? >> for me, the way i look at this, i really like what's going on in the energy sector. i said before when i was on the show i really like chevron. i also really like utilities. i think that's a great place to be based upon dividends, based upon value. that's where i would be positioning myself right now. liz: both chevron and peg have 3.5% dividends. >> yes. liz: scott, the problem with energy, i

. >> do you believe, congressman, or the chair of the federal reserve, jerome powell, needs to be heldhe collapse of the silicon valley bank? >> i think he needs to come to congress and explain what he's going to do better, how we're going to have reform in the fed. for example, should we be having the executives and silicon valley bank sitting on the board of the fed that is overseeing the bag? what can we do to improve the oversight, to have less conflicts, and better enforcement? he owes an explanation in a plan for how to prevent this in the future. >> we'll see if that happens. congressman, i want to turn to the nation's debt ceiling, which is critical, as all of us know. do you want to see president biden at least start big oceans with house speaker kevin mccarthy now that mccarthy managed to get the debt limit bill passed? >> he should meet with him. here's what he should. say it's patriotic to pay our bills. when reoccurrence benches as america, we play our bills. then we have a conversation about how to reduce the debt, and then we can negotiate about reduction of debt. but we

their lending in the last two weeks of march by the most on record, and federal reserve chairman jerome powell said at the last news conference that tighter credit may be part of the current experience in the economy that does some of the federal reserve's work for it to the extent that they are continuing to prioritize. it is inflation and if we have slower economic activity, and that does appear to be sort of the base case right now that this tightening credit is going to slow, the economy may be slowing the economy right now. let's talk about the c p and pp consumer price index producer price index will be released over the next couple of days. what do you expecting to see after the fed's latest rate hike , which came after the collapse of two major banks last month? in terms of these readings on inflation. the good news is that inflation is sort of tiptoeing away, but it hasn't left the building. as of yet, and as one measure of that we look at the year over year change in, for example, the consumer price index, which i think is the measure that perhaps most people can align themselves wit