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Our economy is crashing, inflation is out of control, china, russia, iran, north korea, form together as a menacing and destructive coalition like weve never seen before. our currency is crashing and no longer in my opinion will be the world standard if it keeps going like this which will be the single greatest defeat of our country in 200 years. we lose the power of the dollar. maria: that was former president trump on the campaign trail this weekend amidst new data showing inflation ticked hig...

Our economy is crashing, inflation is out of control, china, russia, iran, north korea, form together as a menacing and destructive coalition like weve never seen before. our currency is crashing and no longer in my opinion will be the world standard if it keeps going like this which will be the single greatest defeat of our country in 200 years. we lose the power of the dollar. maria: that was former president trump on the campaign trail this weekend amidst new data showing inflation ticked hig...

And the bottom line here, charles, is simple. since biden came into office, prices are up by 15%, and wages and salaries to workers are up 12%. so the math isnt complicated here. that means the average worker has -- family, has lost somewhere in the neighborhood of $5,000 in purchasing power. now, yes, inflation has come down. it was 9.2% last summer. by the way, it was 1 # #.5% when trump left office, but its 3.2% now. one other quick thing, when i talk to people on the street just like you wer...

Have a lot of price data for august and the cleveland if it does a cpr august you estimate gas prices are up so much as that cpr in august is when be up, he tenths of a percent which is of course about a 10 percent annual rate just to the year-over-year number that you decided of 3.2, assuming that the cleveland fed is right about that, next month we will set year-over-year inflation is for again. i thank you so really too early to declare victory on inflation c1 for the market and arent agreein...

Former chairman because of economic advisors at the white house, and distinguished visiting fellow at the hoover institution capitol, good to see you as always. so two months in a row, about 3 percent or 3.2 percent inflation will off of the highs and is the too early to declare victory your are we there. kevin: yes absolutely too early to declare victory and the think we have to remember is what causes inflation and what causes inflation is deficit spending. nina deficit this years going to be ...

The white house was even more blunt. they said kevin mccarthy is pandering to the far right with, quote, a baseless, evidence-free impeachment stunt. some republicans are mindful of the calendar. just about four months after congress comes back from the august recess, it will be an election year. some republicans believe if they are to do impeachment, they need to get it done this year lest it bleed into an election year. republicans made that exact accusation about democrats when the first impe...

Friends when they stopped to get gas. the argument escalated, and sibley was stabbed in the chest, and later died. >> oshae came to new york to follow his dream, like many new yorkers, and his light was shut off. >> reporter: on tuesday, hundreds of people attended sibleys funeral in his hometown of philadelphia. michael george, cbs news, new york. >> major: today, we got new economic data showing consumer prices rose 3.2% in july, far smaller than the 8.5% at this time last year. cbss carter ev...

Plus... a bright spot in chinas economy.. e—commerce giant alibaba delivers its strongest revenue growth in almost two years. hello and welcome to asia business report. im mariko oi. we begin in the us where prices rose moderately last month, despite a sharp increase in interest rates to stamp out inflation. the figures suggest the federal reserves monetary policy is succeeding in taming soaring prices but thejob might not be done just yet. michelle fleury has more from new york. the us govern...

Lets get more from the us, where inflation inched up injuly, but by less than expected. the consumer price index, a key inflation figure, rose 3.2% compared to a year ago. it was running at 3% injune — so, on the face of it, the pace of price rises has ticked up again. but the markets had expected a bigger increase. so whats been the reaction in the markets and what do the figures mean for us interest rates? we asked bloomberg economy reporter reade pickert. that went up because, frankly,... b...

In north dakota this last year, we passed 51 out of 52 bills -- >> gillian: thats doug burgum speaking at the iowa state fair in des moines. well check back in later in the hour. >> sandra: interesting stuff. 2024 is happening. inflation ticking up 3.2% last month, roughly reflecting the high cost of housing and rent. those prices are still high and putting more americans behind on their bills, credit card debt is soaring to a record high $1 trillion in the last quarter. economic woes keep pilin...