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and new hope in saving off the debt default. and disney now scrapping plans for a new billion dollar campus in florida. did the war with ron desantis have anything to do with it. welcome to our viewers in the united states and around the world. happy friday. i m christine romans. we begin with president biden and other world leaders unveiling tough new sanctions against russia at the g7 summit in japan. and they will be joined by president zelenskyy making a surprise trip halfway around the world to speak at the g7 in person kevin liptak is live on the ground. what more do we know? reporter: a source telling me that the ukrainian president zelenskyy will be making his way here. and i ve been told that that will be on sunday that he is meeting face-to-face with these other world leaders. and certainly he wouldn t be making this dramatic visit if he didn t think that there was something real to be gained in meeting these leaders face-to-face. certainly he will be ma ....
voters pause. bill: john fetterman giving a disqualifying performance in tuesday night s debate. without that seat the party will have a harder time holding onto the chamber of congress. that now prompting some major damage control from the white house. the president has found him to be impressive, incredibly bright and talented person who is just as capable as always to carry out his office the duties of his office as he is lieutenant governor currently and great ability and heartfelt concern for the people of the commonwealth and that s what the president has observed himself. bill: peter doocy reports from the white house. analysis from matt gorman. bryan llenas from philly and that s where we begin on this thursday morning. good morning. as anxious democrats express concerns lieutenant governor fetterman s tough debate performance appearance was a mistake, the fetterman campaign is doing all it can to shift the focus back to the issue of abortion. fetter ....
Money would be a big pivot in the right direction. but the main point is that the fiscal indication is bad in terms of debt to ggdp, spending on children, all metrics that give us something to worry about. but we re not talking about the real issues. things that drive the debt which are the retirement programs, social security, medicare and other promises and the fact that the revenues are too low. none of those things are part of the discussion and i think to your point it is troubling that with all of this drama, we re still not really getting at the underlying issues of why the fiscal issue is in such bad shape. medicare, social security, interest on the accrued debt and revenues not coming in online. so translation to kitchen table economics, that means cutting benefits or raising taxes or a combination of both and that is off the table in these negotiations. that is not something that politicians want to talk about ....
Seeing growth. it is the first reading of the ggdp. we ll get more readings coming out but all expectations are we re doing a double dip recession. that we were in recession two quarters earlier in the year. we have growth this quarter but in 2023 the recession returns. i don t think anybody is expecting we had contraction and it s over. no, we re expecting a severe recession in 2023. we will now probably expect a double dip recession is what they call it. the ecb raised interest rates 75 basis points like the fed. the next fed meeting is next week november 1st and two. expecting another 75 basis points. everything is more expensive including borrowing cost. dana: can companies breathe a sign of relief or layoffs are coming? the job numbers will catch up ....