Considered a recession. The president argues other Critical Data including employment numbers are still robust. In a speech minutes ago he urged a senate vote today on the inflation reduction act, which lowers healthcare costs, reduces the deficit, and makes an historic investment in climate change. It gives folks rebates to purchase new and efficient appliances, to weatherize their homes, and tax credits. It also gives consumers a tax credit to purchase any electric vehicle or fuelcell vehicle new or used. We have a live look at wall street right now where you see the Dow Jones Industrial is up considerably, over 365 point so far. The treasury secretary is echoing the president s remarks of not being in a recession. It is important to note the National Bureau of Economic Bureau will not make the official call for months. This support comes following the breaking news you saw on our midday newscast yesterday. The Federal Reserve raising Interest Rates yet again. We are breaking down wh
President biden is still claiming, were not in a recession, guys. Yeah, fingers in his ears. La la la la la. In fact today he got in front of the camera and actually said everythings great. So great. This is powering the strongest rebound in American Manufacturing in over three decades creating 613,000, 613,000 manufacturing jobs. That doesnt sound like a recession to me. Real talk though, this is actually pretty troubling. The president is pathologically incapable of being straightforward. Thats something he repeatedly promised to do when running for president and here we are being told the sky is red and today republicans said they were dumbfounded by all the bs including my dear beloved uncle senator john kennedy. Possession of the administration is that the definition of a recession is whatever is in the tell prompter. This spect cal is embarrassing. Whoever is making these economic decisions, theyve said this before, theyre not qualified to manage a food truck. I have a confession
Yasmin vossoughian. Thanks for joining us. Its been just over two weeks since the death of george floyd. Police violence shows no signs of slowing down. In yesterday there was a Memorial Service in los angeles with thousands of people gathered there. In portland, oregon, demonstrators shutting down an interstate as part of peaceful protests. Portlands chief of Police Stepping down yesterday saying she had asked an africanamerican lieutenant to replace her. Just outside of the white house, protesters have turned the massive fence around Lafayette Park into a living memorial with hundreds of signs and works of art. This is all coming as former Minneapolis Police officer Derek Chauvin who has been charged with the death of george floyd made his First Court Appearance yesterday. The private funeral for george floyd will be held in his native houston today, but before he is laid to rest, thousands joined his family yesterday to pay their final respect with a public viewing in the city. Floy
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