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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgag ....

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CNN The Lead With Jake Tapper July 7, 2024

the escalation by the rush slan l russian leader today. what does the french president think? he will be here live with his response. your money and the cost to borrow. historic move by the federal reserve, raising interest rates yet again in an effort to get inflation under control. welcome to the lead. we start on the extraordinary legal trouble for donald trump. there s a sweeping lawsuit against trump, three of his adult children and the trump organization, alleging they were involved in a decade-long financial scheme that allowed trump to fraudulently inflate his net worth by billions of dollars, allowing him to leverage the system for his own personal gain at the expense of others. white collar financial crime is not victimless. when the well connected break the law, to take in more money than they are entitled to, it reduces resources to working people, to regular people, to small businesses and all taxpayers. attorney general james campaigned on a prom ....

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MSNBC Katy Tur Reports July 7, 2024

street, new york city, that calculated the value of the property at $200 million as of august 2010. and $220 million as of november 2012. yet, in his 2011 statement, mr. trump listed 40 wall street with a value of $524 million. which increased to $530 million over the next two years. more than twice the value calculated by the professionals. so the case is a civil suit, important to note that, and meaning there is no potential for jail time and more for the potential of criminal hot water, and we will talk about that in a moment. but the penalties, they could be amount to a whopping $250 million. trump and his kids, they could be barred from doing business at any new york-based office for five years, and the family and the organization could be barred from borrowing funds from any new york state registered financial institution, and here is where it could get even bigger. for the family and for the former president. james said her office has referred the former presid ....

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MSNBC Deadline White House July 7, 2024

family and the trump business, the trump org of engaging in systemic bank, tax, and insurance fraud for decades. of manipulating the worth of their properties to deceive lenders, insurance companies, and government authorities, though reap billions of dollars of financial gain. here s some what she said. the pattern of fraud and deception that was used for their own financial benefit is astounding. inflating the values of assets by whatever means necessary. to increase mr. trump s purported net worth. and then that net worth was used to further enhance his financial standing, intentionally misstating his financials to obtain incredible economic benefit. it was a scheme that by its very nature became more profitable over time. it is all in stark violation of the law. the lawsuit, which seeks to bar the trumps from doing business in new york, as well as to fine them to the tune of $250 million reads, in part, quote, the number of grossly inflated asset values is stagg ....

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MSNBC Alex Witt Reports July 7, 2024

also today, coverage of the 9/11 attacks 21 years later. a day of remembrance. but, first we begin what king charles describes as his mother s last great journey. the coffin when elizabeth it has ended a long, somber procession through the scottish countryside from balmoral castle where she died two holly hood house in edinburgh will remain until it is flown to buckingham palace on tuesday. on wednesday the queen will lie in the street that the houses of parliament will have a state funeral in westminster abby on september 19th. along that six hour journey today, tears for queen elizabeth the second. and for a brief moment, a somewhat different picture of buckingham palace. [noise] there you hear the cheers for king charles as he returns to the palace for another round of meetings with commonwealth leaders. the united kingdom territories officially proclaims him king. god save the king. [noise] three cheers for his majesty the king. hip hip! hurray ....

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