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. we ll get a better sense of how the public is feeling tomorrow when consumer confidence numbers come out. then it s the federal reserve s turn. it meets wednesday and will likely hike interest rates again to try to tame surging prices on everything from eggs to beef, to everything, rent as well. thursday gdp second quarter results are due. cnn s matt egan and rahel solomon are here with us. all of this economic data is going to be coming this week. what is most important? this is shaping up to be a pivotal week for the economy. politico dubbed it a category 5 storm of economic news coming and it could help the big
all going to be shaped by what happens with the economy. so two consecutive quarters of negative growth suggests obviously momentum in a certain direction, but is that the definition of a recession? because the white house is playing along that line. it s more so a rule of thumb. it is not the technical definition. the technical definition is going to come from a group of economists that will essentially decide, and they do it secretly and mysteriously. they sort of decide when a recession actually has started. they tend to be quite down the line, it tends to come after a recession has actually started. that s why you ve seen pushback from the white house. two consecutive negative quarters does not a recession make. technically it doesn t. there is, however, a question of whether it is technically a recession or not. a lot of people seem to think that we are in a recession and that matters, too. matt, i am fascinated by what s happening to the federal deficit. so two years ago un
brought people to washington, d.c. on january 6th and there s also the overarching concern about what, if any, influence she had over her husband in some key decisions that the supreme court had to make as it related to january 6th and other things. she says the work of her and her husband are completely separate, the committee not ruling out bringing her in. at this point, though, it doesn t seem as though she is as high on the list of priorities as maybe some of the other targets that they re focused on right now, victor and alisyn. really interesting. ryan nobles, thank you for the reporting. we have cnn political commentator eroll lewis. why is there a question as to whether the committee would subpoena her? if she was talking to the attorney and the chief of staff, why is there even a question about whether or not she would subpoena here? as a wiggle matter there should be no question.
more e m more expedient to not make a referral. there have been some questions about how the committee would sustain interest over the august recess until the september hearings. apparently we re seeing the beginnings of a strategy here. absolutely. they stage it as a television drama, they hired a tv producer to help produce it as a drama. these are easter eggs and coming attractions before the new season starts in september, if you want to think of it that way. they ve got a treasure trove of information, lots of damning information. they couldn t fit it into the first eight hearings. i think we re going to see little pieces of it to make sure the public doesn t lose sight of it. to make sure the news media doesn t stray onto other stories and this stays top of mind for other hearings in the fall. thank you. well, first responders in california are trying to gain control of an extremely
it doesn t exist. okay. i ll find you something. i think the sentiment behind the ad was really right on. and maybe they didn t do the best job of sort of singling out that message. but i don t find it reprehensible, no. i tell you what. we re going to bail you out right now. okay. thanks. coming up, more on lance armstrong coming clean. sort of. admitting to a 13-year lie. plus the latest developments in the manti te o internet hoax. sports editor for the nation dave ziron joins us next here on morning joe. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card