In the 90s and early noughties. This comes hot off the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling down more 14 in the year tojuly. But domestic demand is down, too, with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation. Things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to
Blitzer thanks for joining us. Cnn breaking, news and you are in the cnn newsroom. Im wolf blitzer in washington and we begin with the Breaking News this morning. The United States Supreme Court ruling that former President Donald Trump cannot be removed from any states ballot for his actions on january 6. The nine justices affirming that he can run in a General Election. And once again, serve as the United States Commander In Chief in the Majority Opinion, the court writes that only congress can enforce the 14th Amendments ban on insurrectionists holding federal Public Office trump is responding to the decision calling it, and im quoting him now, a big win for america. But the court did not directly speak to whether or not his actions on january 6 equate to insurrection. Lets get straight to cnn anchor and chief legal analyst, laura coats. Shes outside the Supreme Court for us. Laura, what more, first of all, can you tell us . About this very historic and consequential decision . It i
o say can you see by the dawn s early light what so proudly we hailed at the twilight s last gleaming whose broad stripes and bright stars through the perilous fight o er the ramparts we watched were so gallantly streaming and the rockets red glare the bombs bursting in air gave proof through the night that our flag was still there o say does that star spangled banner yet wave o er the land of the free and the home of the brave will: good morning and welcome to fox and friends as pete hegseth calls out the inanimate objects accompanying your photos next to the american flag, rocket, basketball net. and a statue of a horse. pete: right through the statue of the horse. rachel: i have a little snowman in front of my house. pete: it is fun to watch it melt into a pile of sticks. will: it was fun for six hours, then it is not fun. the one trip, then multiple changes of clothing and will: it is dirty and snow goes fro
jets. an engine on fire after american airlines jet expenses bird strike bringing passengers to tears. the pilots declaring may day. second american islands jet catches fire right before takeoff. passengers frantically grabbing their belongings. with the airline essay tonight. severe weather threatens of white area texas including damaging winds and help for the start of the work week. plus, millions wake up to winter weather with recent warnings in the midwest. rob marciano times it all out for us. in the west, dramatic new video shows the moment to homes slide off of a cliff. a onetime retail giant files for bankruptcy, bed bath and beyond making plans to close all of its stores if no virus found. the latest victim of the retail wars. president biden potentially days away from announcing his reelection bid. as abortion becomes a key issue. republicans squaring off with mike pence trying to distance himself from former president trump. the search for solutions to the world s
president. 19 days to go to election day. welcome back as america reports rolls into a second hour. i m sandra smith in new york, and i point that out, because he does not typically wear a suit. john: i bet it s a hoodie suit. i m john roberts in washington. 19 days until americans decide whether the democratic agenda in washington is working, 19 days for closing arguments and one from the white house chief of staff. first of all, we have done things to bring prices down. passed the inflation reduction act and when you look at where the economy was when we got here, 8% unemployment. we brought that down to the lowest unemployment rate in 50 years. we are putting americans back to work. businesses are open that were closed two years ago, schools are open that were closed two years ago. the president is fighting to bring down prices of everyday things like prescription drugs, gasoline, and i think that s our message to voters at this very tough time. sandra: at this ver