Page 31 - Matt Egan News Today

away. experts believe it could fall to the lowest level since last february, the white house down plays fears of a recession. >> my hope is we go from this rapid growth to a steady growth. so well see some coming down. but i dont think were going to -- god willing, i dont think well see a recession. >> lets hope hes right. todays report is the first of many marking the state of the economy, especially this week. tomorrow, the fed will make its announcement on interest rates and will li...

and houston rushes out. the country that put the first man in space is quitting the international space station. the impact on future missions just ahead. but first, your money and cnn business reporter matt egan is here with us. todays consumer confidence report was the first major data point in this critical week for the u.s. economy. what did it show? >> simply put americans are not happy with this economy. consumer confidence dropping for a third month in a row in july. to put th...

president mike pence has confirmed he testified before a grand jury investigating the attack on the capitol, a potentially major development. >> i can confirm that i did receive a subpoena for the federal grand jury, and i complied with that subpoena. but under advice of counsel, i cant say much more than that. that was my only appearance before the grand jury. im not going to comment on what others had to testify or not and what they testified to. >> hes the highest profile witness kn...

he left town in disgrace following the capitol riot and his election loss. he will be speaking to a group of conservatives and were told that he plans to focus his speech on law and order. >> trump returns to washington amid a widening probe by the justice department into the capitol insurrection that now includes testimony from high ranking officials in his administration. mark short, the former chief of staff to vice president mike pence says that he testified under subpoena before a...

customers have mostly shrugged off the higher menu prices and the revenue has gone up. whats going on there? >> both of those companies, walmart and mcdonalds are facing higher costs as is practically every company right now. the difference however is mcdonalds has been able to pass on some of the higher costs. walmart cant do that as much because their whole brand is centered around being a low-cost retailer. its having to eat some of the costs and thats why its warning about profit. ...

>> historic flooding in texas. not seen in decades. >> the u.s. markets finishing sharply lower for the second day in a row on more concerns about the health of the u.s. economy. >> can we bring inflation down without triggering a recession, and my answer to that question is i dont know. >> live from london, this is "cnn newsroom" with max foster. >> this tuesday, august 23, 9:00 a.m. here in london, 4:00 a.m. in washington and we begin with exclusive cnn reporting tied to the january ...

post" today. they call him senile. they cite his performance at the debate where he couldnt even remember who he was -- who he impeached. >> and an up-and-down week on wall street and fears a recession could be around the corner. and so the question right now is can we bring inflation down without triggering a recession. my answer to that question is i dont know. >> but up first. new cnn reporting on the fall-out from donald trump keeping reams of classified documents at his beach ...

team now filing a response to that fbi search for all of those boxes of classified material in his florida home two weeks ago. >> well start with the fbi seizure of classified documents at mar-a-lago. the former president wants a neutral third party called a special master to review the documents taken by the fbi and return anything not within the scope of the search warrant. were also getting new information about how much sensitive data was at mar-a-lago and the concern at the nation...

also, this is a critical week for the economy. we are expecting a deluge of economic data to drop almost every day. it will hopefully provide insight to the millions of americans getting pummelled by 40-year high inflation. >> some analysts believe the u.s. is hurdling into a recession but the white house is hammering the message that the economy is resilient. well get a better sense of how the public is feeling tomorrow when consumer confidence numbers come out. >> then its the federa...

but first, to highly -- this afternoons highly anticipated fifth public hearing of the january 6 committee. well hear testimony from three high ranking justice department officials who led the department in the final days of the trump administration including the former acting attorney general jeffrey rosen. he will make clear the doj saw no evidence of widespread fraud sufficient to overturn the election. which unindicated that. and well detail how he and others resisted trumps pressu...