Camera four divers missing for hours found by the coast guard nearly 50 miles off the carolina coast. Then the emotional reunion. Announcer this is nbc nightly news with lester holt good evening as we come on the air in the west, were following latebreaking news tonight in atlanta where a grand jury investigating 2020 election interference has returned indictments, though we do not yet know against whom with so many of the legal cases involving former President Trump happening behind closed doors, tonight we watched live as a clerk handed the judge ten indictments. All day the grand jury heard testimony from witnesses in the investigation of election interference in the state of georgia by mr. Trump in his unsuccessful bid for president in 2020 he has already been indicted by a federal grand jury for trying to unlawfully overturn the election, but the georgia case carries different charges and potentially very different legal outcomes we have Team Coverage of this breaking story. Blayn
Here next week. And this morning millions of people on the west coast are bracing for a onceinalifetime storm, hurricane hilary bearing down as we speak, the first tropical system there in nearly a century. Hilary has already turned deadly in mexico dropping heavy rain, washing out roads, triggering flash flooding, and now new warnings this morning and new concerns about all the water this storm is set to drop on bonedry Southern California and whether that region can handle it. Well have the latest in a live report and your forecast just ahead. Plus, our quugs sunday focus on the hit movie the blind side. A feelgood movie taking an ugly turn. Then our sunday spotlight on the Island Community off the coast of maryland at risk of disappearing under water just a few decades from now and the people who live there and who are moving there who say they dont plan to go anywhere. Later as wee continue oscar august, willies sunday sitdown with h golden glolobe winner austinn butler on steppig
Day as well. Weekly losses for small caps then what the guys were talking about the last hour the atlanta gdp, 5. 8 is what theyre looking at the ten year back higher, all put into the stew of how were supposed to think of where stocks go from here. The question for the viewer is, is the correction in its nature going to be deeper in the sense of what we witnessed in 2022 or similar to 2019 . There are two time periods to guide investors through what i believe will be in 2023. Very obviously you had an adversarial federal reserve, and the market declined from august 16 through october 13 by 19. 6 in the month of august, you oinl had 225 basis points worth of rate hikes you still had another 300 basis points yet to go and an overall down trend for the market now, in 2019, if you study that time frame, the same thing happened, scott. You went through this malaise in q3 from july 26 through october 3. The s p declined 5. 6 . Here is why i believe that 23 core relates to 2019 similar to 20
Of china casting a dark cloud other its economic output. Industrial production, meanwhile, coming in weaker than expected and, oh, yes, china unexpectedly cutting rates by 15 basis points. All kind of negative headwinds. Now on the other hand, strong data guest canically not helping Investor Sentiment either. Retail sales rose more than expected showing that the consumer here in the u. S. , very resilient. But you know what thats codes for, yep, the feds could have to keep rates longer for high higher can higher for longer, rather. [laughter] Neel Kashkari saying today we are, quote, a long way from cutting rates. Oh, great. Those higher rates, however, certainly have proven burdensome to banks. Today Credit Ratings company fitch warning it may have to downgrade several u. S. Banks including jpmorgan, the big financials all moving lower on that warning as you can see. Morgan stan hi down 1. 33. Morgan stanley. Regional banks also seeing declines on worries over tighter regulation, toda
We learn charges against alec baldwin could be refiled based On A New Forensic Report of the deadly movie set shooting. Following these major developing stories, all coming in to cnn news central. The clock is ticking, talks are happening behind the scenes. Behind the donald trump surrender, by next friday as until august 25th, until then to turn himself in on racketeering and conspiracy charges. His lawyers are the District Attorney team, the sprawling case as its known accuses trump and 18 others of criminally plotting to alter georges 2020 electric result Election Results to overturn them, no defendants have yet been booked at the jail, cnns Nick Valencia is outside of the courthouse where the grand jury voted this week, the turning and will not happen there. It will happen around the corner i suppose, tell us what we are learning about the details and how they are being worked out. Score mac former President Trump will be treated as everyone else, indicted which means being process