Special counsel jack smith announcing the third indictment of donald j. Trump after months of investigating the former president and his allies and their efforts to overturn the 2020 president ial election. This hour well have indepth coverage of the accusations against trump and the new information were learning about his attempt to stay in power from that sweeping federal investigation. And well also look at how this latest legal issue could impact the president ial campaign as he has used previous indictments to boost fundraising. Good morning, and welcome to Way Too Early on this wednesday, august 2nd, a historic day. Im jonathan lemire. Thanks for starting it with us. And well begin this morning with history once again. Former President Donald Trump who took an oath to preserve, protect, and defend the United States constitution has been indicted for allegedly trying to subvert that very same document. In washington, d. C. Yesterday a federal grand jury of trumps own peers convene
That was President Trump taking a victory lap on the news that the u. S. Economy grew at a robust rate at 4. 1 percent in the Second Quarter. The fastest pace in almost 4 years. Here with a look at whats behind that acceleration is chair of the White House Council of economic advisory. Nice to see you. 4. 1 percent. Economists predicted 4. 4, as you look at the details of the report. What do you like in it . It goes back to a piece i wrote a while back that Corporate Tax cuts would cause a Capital Spending boom. If you look at the average of the first half of the year, we got a Capital Spending boom in the average growth is 3. 1 percent. Its not often that economists can nail it that tightly and it showed its working exactly as we thought. Paul Capital Spending in the First Quarter was more robust than in the Second Quarter. Do you have an explanation for that . One of the things that happened is for Equipment Spending you were allowed to expense it retroactive to october. In the Fourt
Release her first book of photography. Its cold of love and war. Thats it for today. Have a great week and we will see you next fox news sunday. I am thrilled to announce that in the Second Quarter of this year, the United States economy grew at the amazing rate of 4. 1 percent. If Economic Growth continues at this pace, the United States economy will double in size. More than 10 years faster than it would have under either president bush or obama. Paul welcome to the journal editorial report. I am paul gigot. That was President Trump taking a victory lap on the news that the u. S. Economy grew at a robust rate at 4. 1 percent in the Second Quarter. The fastest pace in almost 4 years. Here with a look at whats behind that acceleration is chair of the White House Council of economic advisory. Nice to see you. 4. 1 percent. Economists predicted 4. 4, as you look at the details of the report. What do you like in it . It goes back to a piece i wrote a while back that Corporate Tax cuts wou
political woes. take us inside the thinking of house speaker mccarthy, if you will how they re going to approach this one. it seemed a few days ago he was trying to tamp down the impeachment talk and only a couple days later we heard former president trump pushing to do that again. i think this increases the likelihood of an impeachment. i think mccarthy will again say this is distraction. the investigations while hit a fever pitch, john, when congress returns in september. all right, well, jake sherman, thank you so very much and ryan riley, thank you as well. we ll be watching your coverage here here on msnbc. still ahead the country s credit rating takes a hit over the debt ceiling debacle that was resolved earlier this year. we ll go live to cnbc for more on the impkt of that downgrade and a look what s driving wall street and more coverage of the
recess but supporters say all options are on the table when congress returns in september. we are back with james freeman, kim - - and bill mcgurn. how seriously should we take this threat to impeach rod rosenstein? even though the word this week was impeachment, the word everyone was all that was contempt. mark meadows, the head of the freedom caucus after they filed those articles of impeachment and after paul ryan said he disagreed, he gave a little talk. he said he spent the day with leadership. that his group was backing off impeachment but what everyone decided and rallied around, if they come back after their break in august and the department of justice is still not compliant, they will rally around a contempt resolution against rod rosenstein and the department of justice. which is probably a more accurate description of what s been going on rather than high crimes and misdemeanors. paul: contempt is no small thing. congress, if they took it far