First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound
here are some of the key conversations you might have missed. oklahoma is calling out republicans who are openly criticizing the bipartisan bill on the border without even reading it. not only the leaders, fellow republicans, but you have people on all of the networks that you would expect, all of the pro trump networks, lying through their teeth. you ve got these clowns that bounce around and do whatever trump tells them to do. this is the worst deal ever. this will ruin america. haven t even read the bill. again, republicans in the states, toughest security brought bill ever. when you have people like the senator who has been right wing as long as you can track him, saying that this is the toughest bill we can get, and then everyone flips because donald trump says, no, i want an issue. mind you, and issue to run against joe biden. forget about the issue. forget about what it s causing the country, i need this for political reasons, it shows you why this is confirmatio
a mild recession . earlier i spoke to james smith. so we talk about recessions and the gdp numbers. us economists, we often think of two quarters of negative growth has been what we might call a technical recession. but i think it s worth remembering that doesn t always feel like a recession to people. often when we see a recession, we associate that with maybe widespread job losses, people spending a lot less money, people, you know, trying to save more because they re uncertain about what s to come. we re not necessarily seeing all of that right now. and of course, the fall in gdp we saw in the third quarter was very small, 0.i. we might see another slight fall in the fourth quarter, but it s not comparable to, you know, some of the famous recessions we ve seen in the past, 2008, of course, the covid recession as well. so it s worth putting that in context. just to let people know what recession is, it s two sets of three months. we ve seen growth negative in terms of wha
mismanagement in the supervision led to the collapse of two banks. what could fall in the days ahead. live from cnn, this is cnn newsroom with kim brunhuber. we begin this hour with extreme weather ahead for most of the country. more than 20 million people are under threat for severe storms across the southeast. two rounds of strong thunderstorms are expected to cross florida and southern georgia today. when this afternoon, the second overnight. the main threats will be damaging wind, hail. in texas, dozens of reports friday, reporting golf-ball- sized trailed 39 hail . it went for several minutes, but likely never will measure, also a possible tornado in palm beach county. nudges wind and hail, the mississippi river continues to rise, flooding many communities around the banks. the water has already crested in some. here is the latest. as the river level rises, anxiety is also going up for business owners here in iowa. you can see where the partridges are the embankm
court, and this is cnn. closed captioning brought to you by meso book .com. we offer a free book on mesothelioma call for the free book and receive so much more call 1 808 31 37 100. happening right now. flash bangs and more clashes between protesters and police in france this as a final decision on french president macron s changes to the pension system is expected tomorrow. we re live in paris with the latest this morning. president biden is suggesting that the government is close to identifying the person behind the leak of classified pentagon documents. what we re learning about the leaker that s ahead flood emergency in south florida two ft of rain in some places rescues underway as we speak these stories and more on cnn news, central. unfolding this hour. massive protests continue in france. we ve seen these intense confrontations already. during our show. it continues right now. this is ahead of this final decision that s expected on whether or not french president emm