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some tries to cast doubt on the the explosive testimony of former white house aide cassidy hutchinson, he tweeted this, i know her, i don t think she s lying. and here is what he said when he announced his resignation. two things i think caught me as i was watching yesterday. number one, the president had always in the past had sort of thrown a hyperbolic ideas and say why don t we do x and everybody knew that was a bridge too far. you tell him no, mr. president, that is not how this works. and he thinks out loud. that is one ever his mannerisms. i think you saw a different group of advisers inside of the white house instead of saying mr. president, let s talk about that saying that is a great idea mr. president. you have folks like peter navarro and lin wood and rudy giuliani. and there was a large number of people, a large group of people yesterday who were willing to do this, if the president of the united states went on stage and said go march down the street and ....
government reported a second straight quarter of negative economic growth. so this complicated picture is why president biden is pushing back against talk of a recession. with both senator schumer and manchin. that s consistent with the transition to a stable steady growth and lower inflation, but if you look at our job market consumer spending, business investment, we see signs of economic progress in the second quarter as well. joining us now to take a closer look at this, cnbc senior economics reporter steve liesman and ben white, politico chief economic correspondent and host of the politico money podcast. steve, when you take all of this data into account, all these indexes, what does it tell you about the state of the economy right now? it tells us that for sure the economy has slowed. remember, we did like 6% growth in the fourth quarter and now we ve come off two quarters in a row. the first quarter we came off because of what was happening with inventorie ....
Management official on the ground there. also new reporting from the washington post surrounding january 6th. more texts are missing, this time from high-ranking homeland security officials in the trump administration. plus, eyebrow raising remarks from justice alito overseas about the supreme court s abortion ruling, and he s on tape. we are going to begin with an economic picture that seems to be getting even more complicated. the government report that had consumer spending rose 1.1% in june, but consumers are paying more for almost everything here. the personal consumer expenditure index which reflects changes in the prices of goods and services shows that prices jumped 1% in june, and they are up nearly 7% from last year. the government also reported today that wages and salaries rose 5.3% from june 2021 to june 2022. this comes one day after the ....