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thank you so much, senator murphy. good luck. thank you. that will do it for me. deadline: white house starts right now. \s \s hi there, everyone. it s 4:00 in new york. it s a horrific crime, even by the standards of a nation that has been become all too familiar with horrific crimes and gun violence. a nation that often bears witness to more than one mass shooting a day. five people were brutally murdered friday night in cleveland, texas by a gunman with an ar-15 rifle. the spark, if you will a complaint from a neighbor. here s how new york times reports, francisco oropesa was rattling off loud bangs that was keeping mr. garcia s baby awake. he asked his neighbor to stop. mr. ro oropesa said no, his yard, his rules t garcia warned he would call the police. after oropesa walked into his office, he emerged with an ar-15. he killed mr. garcia ace we ve who had called the police. the rampage continued inside the home, where he shot four other people, a ....
he shared with so many. you are live in the cnn newsroom. i m jim acosta in washington. we begin this hour with a warning from law enforcement. we do not know where he is. those chilling words minutes ago from the top fbi agent in san jacinto county, texas, about this man, 38-year-old francisco orapeza. he has been the focus of a desperate manhunt since friday night. that s when neighbors asked him to stop firing his rifle in his front yard because they were trying to get a baby to go to sleep. police say orapeza entered their home and began shooting. an 8-year-old boy was among the five neighbors slaughtered almost execution-style in the words of the sheriff. cnn s ed lavandera is in cleveland, texas. the sheriff and fbi just held a news briefing. what did you learn there? reporter: well, we learned that clearly investigators here, what they are saying publicly is they essentially have no idea where this 38-year-old murder suspect is, francisco orapeza, not seen ....
grown. the estimated cost of just the climate and energy part of the whole act has gone from 385 billion in their estimate to aaa and, to more than a trillion dollars. so how does that not create more inflation inside the inflation reduction act, when pressed on this, white house says it won t, but senator joe manchin who was the deciding vote on the ira says that in his mind democrats broke their word to him. and he is willing to fight to repeal the whole deal. steve moore and robert wolf standing by, but first a fox business correspondent with the backstory from capitol hill. hi, grady. hi, martha, democrats maintain the inflation reduction act will lower costs for americans. but it turns out the law itself is going to cost american taxpayers are a heck of a lot more than they were originally told. just those climate and energy provisions of the law as you noted will cost $600 billion more than the budget models economists previously estimated. they say a big chunk ....
that s what the market responded to. finishing up 260 points or may be right around that area. you know, but the federal reserve peels back the onions on this. and a look at core inflation, that s without food and energy prices and what we are seeing is that it s basically moving sideways on this. you can see for the past two months core inflation at 4.7% and this month at 4.6% year-over-year shows experts as sticking inflation more sticky than first thought by the federal reserve. and this is what people feel every day at the store, the latest fox news polling shows 70% of people rate the economy as poor and only fair. only 21% see it as excellent and good. abysmal numbers. paul, christopher from wells fargo says we are looking at in economic rocky road ahead. you have inflation still sticky that is going to keep cost of production higher, we just hire and at the same time spending last. this is going to hit revenue squeezing profits from both sides in the market is ....
joining us from the united states and all around the world. i m michael holmes. appreciate your company coming up here on cnn newsroom, the young u. s airman accused of leaking highly classified documents online, formally charged with violating the espionage act. we ll have an update just ahead. victory in court for french president emmanuel macron on pension reform, but at what political costs as the protests continue. and in california, winter of torrential rain and snowfall is revived a long dead lake and in the process destroyed vast stretches of farmland will take you to the scene of a climate catastrophe. live from cnn center. this is cnn newsroom. with michael holmes. the us government moving quickly with its prosecution of that suspected leaker of classified documents. one day after his arrest, 21 year old air national guardsman jack teixeira, formally charged under the espionage act, the leaks exposed to a wide range of highly classified information, including ....