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July 7, 2024
staircases. scenes not usually photographed by typical tourists. one of the men seen the next day walking from the presidents rally. >> theres no escape, pelosi. schumer. nadler. were coming for you. were coming in like white on rice for pelosi, nadler, schumer, even you, aoc, were coming to take you out. >> there is a lot more. we will have a report from capitol hill on the latest. the federal reserve today back in the spotlight with the expected announcement of the first big intere...
July 7, 2024
of "the 11th hour," stephanie rule, tom costello with us, white house correspondent carol lee and host of public radios "full disclosure." the news is in, stephanie, three quarters of a point. >> we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and its currently approaching 9. so 75 basis points is a big move but its still tricky because what they dont...
July 7, 2024
and downing st has now said the plane may not take off today as planned because of ongoing legal challenges by some of those due to be removed. five years since the grenfell tower disaster — a memorial service is held at westminster abbey for the 72 people who died. regular pay in the uk is falling at the fastest rate in more than a decade when taking inflation into account according to the latest figures — unemployment has also risen slightly. a new campaign for independence. scot...
July 7, 2024
supporters in the white house. they were telling him, using many different kinds of words, that what he was saying was a lie. he lied in an effort to stop the counting of ballots on election night and to later cast doubt on their validity. and allegedly he lied in pursuit of a quarter billion dollars in campaign donations to a fund he lied about the very existence of, an election defense fund that did not exist. those are the elements of the case the january 6th committee is building a...
July 7, 2024
control. inflation hit 8.6% last month, the hottest inflation since 1981. the fed meets later today. fed funds futures markets are pricing in 0.75 point rate hike to curb inflation. the "wall street" journal reporting the fed is likely to make a move larger than the 50 basis point move a few days ago. a terrible day yesterday, a terrible two days. cnns claire severe webastian i london. is there stability in europe? >> a little bit more stability today in europe and asia as they continu...
July 7, 2024
the presidents visit comes as his administration is facing mounting pressure following this, you know, 41-year inflation high that were seeing and a huge surge in gas prices. the nations national average for gas, $5.02 a gallon now. all of this as a key inflation measure slowed slightly last month. >> also this morning, the white house is now confirming that the president will be traveling to the middle east, specifically to israel and saudi arabia, in july. were also learning his visi...
July 7, 2024
what trumps innermost circle thought of his election fraud lies. detached from reality was the polite way of putting. president biden wrapping up a speech in philadelphia to the aflcio convention. the presidents argument, times are tough, but he should be trusted to get us through the economic pain. and the president got political saying a republican wave in november would bring a renewed attack on two sources of security. the president says republicans would put programs like medicare...
July 7, 2024
learned trumps inner circle told him the fraud claims were false. within the committee, a significant public split over whether to send a criminal referral to the doj, and so thats where we want to begin today with democratic congresswoman of virginia who is on the select committee. shes joining us now. thank you so much for taking the time, congresswoman. the chairman says that a criminal referral is not going to happen. i know you and other committee members say thats not been decide...
July 7, 2024
into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? whats it matter for us? >> its interesting because ppi doesnt get as much attention as the consumer price index, but its really important because its factory level inflation, what producers are experiencing, and we know what compa...
July 7, 2024
another prisoner swap? >> then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to "the lead." im jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the af...