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going to feel when president biden signs it next week. and author salman rushdie, attacked on stage and air lifted to the hospital. we'll tell you what we know about his condition this morning. and inflation is cooling, gas prices are dropping, but the cost of other items remains painfully high. what the new numbers say about the current state of the economy. ♪ welcome to your weekend. it's saturday, august 13th. we are grateful to be with you. good morning, amara. >> good morning, boris. so good to be with you. feel like i've been missing boris in my life. nice to be here. >...

Just a year ago. and yesterday we got a report from the university of michigan that shows consumers for the second month in a row are a bit more confident about prices. but to be clear, confidence remains near record lows. so, what is all this say about the state of the u.s. economy and where it's going? that's what i want to know. for that i'm joined now by the u.s. chief economist at s&p global. good morning to you, beth. thank you so much for joining us. let's start with consumer confidence. what's the take away from friday's report? >> i think people are responding to base ically a bit low...