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MSNBC Morning Joe July 7, 2024

the padres playing great as well. such a great division. can you believe the angels collapse? yankees initiated that and sent them into a tailspin. really? they lost 12 or 13 in a row before they finally won. loaded with talent but struggling a bit. stock futures are on the rise as investors anxiously await the federal reserve s action to tame surging inflation. this as president biden lashes out at republicans for blocking his economic agenda. msnbc s stephanie ruhle will join us to break it all down and the challenges ahead. and we walter isaacson with us. we were talking about presidents and inflation before. jimmy carter, i mean, you know, he had volcker, volcker tamed inflation. right. but there were so many global forces, external forces, you know, we like to think in america that presidents control the economy. there s so many external forces right now. especially now. especially now with two years of covid, the pent up demand. i underst ....

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MSNBC Jose Diaz-Balart Reports July 7, 2024

future of the program remains in jeopardy for hundreds of thousands of people that call america home. we ll talk to one of those dreamers later this hour. we begin with the efforts to bring down the skyrocketing prices we re paying for gas, groceries, and many other items. in a few hours from now the federal reserve is expected to announce its third interest rate hike this year. raising a key interest rate by three quarters of a percent. that s the largest increase since 1994. this comes as president biden looks at other steps to try to reduce the highest priced spikes in more than 40 years. the president sent letters to seven energy companies asking them to explain their record profits, as well as a drop in refining capacity helping to drive up gas prices. he also says he s prepared to use emergency authority to increase refinery capacity and output in the near term. the new york times reporting the president is also considering rolling back some of the tariffs p ....

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MSNBC Katy Tur Reports July 7, 2024

of the 11th hour, stephanie rule, tom costello with us, white house correspondent carol lee and host of public radio s full disclosure. the news is in, stephanie, three quarters of a point. we thought originally it was going to be 50 basis point but jay powell is in a situation. we are in a serious inflationary environment. normally the fed likes inflation to be around 2% and it s currently approaching 9. so 75 basis points is a big move but it s still tricky because what they don t want to do is move so much so quickly that they push us into recession. but if they don t do something aggressive, prices will likely continue to rise and the economy is suffering for it, especially right around gas prices. this is a big move. it s not unexpected. it s the thing that people have been waiting for. most economists across the board have said this should have happened months ago. markets are going to take this as a positive. robin, it is hard to thread this needle, thoug ....

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MSNBC Hallie Jackson Reports July 7, 2024

christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had ....

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MSNBC Deadline White House July 7, 2024

focus. the january 6th tour taking pictures of hallways, tunnels and staircases inside the capitol complex, clearly not normal tourist fare and there s more. the committee has also released video of that same man you saw there near the capitol on january 6th issuing violent threats against house speaker nancy pelosi. senate majority leader chuck shumer and other democratic members of congress. we re coming in like white on rice for pelosi, nadler, schumer, even you, aoc. we re coming to take you out and pull you out by your hairs. how about that, pelosi? we re coming to take you out. we ll pull you out by your hair. we made the decision to play the video to you at all, not to amplify the threats, but to present the powerful evidence in the hands of the committee that refutes congressman loudermilk s previous forceful denials that he was not involved with tours of any insurrectionist in the run-up to january 6th. today loudermilk doubled down denying once again that ....

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