. >> cnn's matt egan and rahel solomon join me now. matt, what are we expecting?> well, bianna, we are expecting interest rates to go higher. the question is how much higher and for how long? the federal reserve is moving with almost unprecedented speed here. they've been from zero interest rates to 4% in about eight months. we really haven't seen anything like that since at least the early 1980s. this is raising some concerns, because central bank policy hits the real economy with a lag. it actually takes many months before you actually feel it. it's like if you took pain medicine for a headache, you might not feel it right away, but it doesn't mean it's not working. so the concern is the fed may go too far and raise interest rates too high, and cause a recession. everyone is wondering when the fed is going to slow the pace of interest rate hikes. jerome powell offered some hints how that could be coming soon. >> that's why i've had the last two press conferences, at some point it will be appropriate to slow the pace. that time is coming. it may come as soon as t

rahel solomon, cnn, new york. >>> inflakes is one of the top issues for u.s. voters. they're bringing out the big names like former u.s. vice president mike pence who was in the key battleground state, georgia, on tuesday to stump for the incumbent governor, republican brian kemp. >> i'm supporting the whole ticket in georgia but i'm here for governor brian kemp today. i've had the privilege to know him before he was governor and to work with him during our time as vice president. we probably had no greater partner for economic growth, for law and order or for our values than governor brian kemp. >> outgoing republican congresswoman liz cheney gave a boost across the aisle. she endorsed congresswoman a lisa slot kinseeking re-election. >>> a new statistic for adult drinkers in the united states. >>> all too familiar face on the cusp of a political comeback. the party faithful are already celebrating. >>> look at the surprisingly warm temperatures being reported in some parts of the you states. >>> incredible warmth in place. look at kansas, south dakota, north dakota.

cnn business correspondent rahel solomon is here with more.ortant to point out we are still in the midst of a pretty strong labor market but does appear that every day certainly these days you're waking up to new layoffs. put on the screen some companies hearing of layoffs or pausing corporate hiring or freezing and you'll notice something. they're all tech companies. these are companies that over the pandemic really experienced explosive growth and now they're starting to pull back as we shift to a potentially different cycle economically but the real estate companies and i spoke to geiberger, one of the top economists and i asked him for advice for people who are trying to make sense of the jobs report and trying to make sense of if they're thinking about switching jobs. he said, look, it's still a strong labor market right now but it's not as strong as it was six months ago and probably stronger today than it will be in six months. think about that if you're thinking about switching jobs and plan accordingly. if you're in the type of indust

join us to tell us what happened on the business aspect of this is our business correspondent rahel solomonash the system. >> she knows this because she was one of those fans calling and complaining. >> everyone waiting. >> a lot of critics and swifties feel that way. this was a presale event meant for fans not bots not resalers to be able to buy tickets before general sales on friday. what ended up happening was there was so much demand some people were stuck in cues for hours, other people waited in cues, waited in line and by the time they got to check out and pay they were kicked off the site. ticketmaster says, look, there was historically unprecedented demand with millions showing up to buy tickets. i think the reason why some say they should have known is you had to get a code in order to even participate in this presale event. some are wondering if i got a code clearly you know what the demand was, ticketmaster saying, look, you had the opportunity to buy a ticket but just because you had the code doesn't mean that you were necessarily guaranteed a ticket. >> seems fishy. >> kaitlan

i was not on the website last night, though, rahel solomon, tell us what the issue is.? >> ticket sales go on sale on friday, but this was a presale event meant for fans, not botts, not resalers, to take advantage, either you entered some sort of lottery -- my word -- you got some code, or maybe you were a customer of a certain credit card, so you have access to be able to get these presale tickets. what ends up happening is there was unprecedented die mand, ticketmaster's word, unpress sented demand. people were in line for hours, couldn't get the ticket because therm kicked off the website or the tickets disappeared or they had to wait for hours to get it. so really an unpleasant experience for a lot of people. people are still on twitter outraged, some heartbroken because they couldn't get the pickets or it was such an awful experience ticket master says hundreds of thousands of tickets have been sold. >> it is incredibly frustrating, no matter the concert, any time i try to buy tickets, it feels like such a talent to get them. there are lawmakers taking notice. >> a

cnn business correspondent rahel solomon is here to explain. borrowing rates are already high obviously. what happens after today's rate hike? >> practically anything with an interest rate not locked in is probably gregory to go up. if you are borrowing or plan to borrow those costs are probably going to go up. ana, we talk about mortgage rates. understandably, mortgage rates have more than doubled just this year alone but take a look at the average credit card rate which right now is sitting at about 18.7%. i just got off the phone with ted rossman from bankrate. in 30 years of their experience on average the highest was about 19% for credit cards. that was in 1991 i believe it was. he thinks we're going to blow past that next week. so for folks at home, prepare for that. >> what do they need to do first? is there something perhaps they can put on the back burner? >> big ticket purchases, you might want to be careful about taking that out especially if you have to put it on a credit card. what he told me, ted rossman, if you are carrying a cre

our business correspondent rahel solomon is here.he stock is up, this is what i say, disney is making big changes. there are certain people met for certain jobs. >> yep. >> and he is one of those people, he was built for that job. >> old bob or new bob? >> old bob -- >> is that old bob? >> i'll try to make sense of it, yes. the current bob, the current bob. so, look, just to put this in context, it was sunday night that the staff learned that the old bob, bob iger would be coming back. by monday evening, there was a memo sent to employees essentially mentioning being changes, kareem daniels is going to be stepping down. he led the executive division and cebic ally, the new bob, we also learned in that memo over the coming weeks there will be more organizational and operating changes, i.e., more to come there. and streaming will be a focus heading into disney plus, of course. so, earlier this month, disney reported that they lost $1.5 billion in the quarter, still adding subscribers, but those type of losses, there's not really an app

let' get to it all starting with rahel solomon. what do you see here. >> reporter: so this was a strong report but still falls within the goldilocks range which is job creation not too strong or too cool other. so 261,000 jobs added in the month of october. that is hotter than economists were expecting but cooler than the 315,000 we saw in the month of september. the unemployment rate ticked up from the 3.5% to 3.7%. kate, when we looked in the report as where we're seeing the most job creation, take a look at health. that added 53,000 jobs an manufacturing 32,000 jobs. now what does this mean about the state of the economy. well look at job creation, kate over the last year and you could absolutely see that a slowing is starting to take place. now the last hour, we talked to kneela richardson, the chief economist at adp, a payroll provider and she told julia chatlerly this is the jobs report that you don't get on the brink of recession. >> these are not gaining lost jobs, this is producing new jobs. and for any economy, especially