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CNN New Day With John Berman and Brianna Keilar July 7, 2024

i m brianna keilar with john berman this morning. we begin with major news just in, president biden will officially be making a controversial trip to saudi arabia. what was really an open secret is now being confirmed by the white house. the middle east trip next month will include visits to israel as well as the west bank. the controversy surrounds what biden said as a candidate, he vowed it punish the kingdom and make the saudi crown prince a pariah for the assassination of journalist jamal khashoggi. arlette saenz live at the white house with this official announcement, arlette. what are they saying? reporter: well, john, those comments from president biden appear to be in the rear view mirror as he is now preparing to travel to saudi arabia next month. the white house saying this will be part of a broader trip to the middle east, spanning from july 13th to july 16th, starting with those stops in israel and the palestinian west bank. the president will then trave ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto July 7, 2024

next month. that visit coming as his administration is facing mounting pressure following record inflation and, of course, a surge in gas prices. president biden spoke about the trip at the joint base andrews in the last hour. take a listen. everything i m doing in the middle east, lays it all out, i m focused on labor all right, the president there also the major story we re following this morning, the january 6th committee set for another public hearing tomorrow morning. it was president trump s false election fraud claims that were the focus yesterday. several witnesses painted a picture of how trump and his allies used lies of election fraud to allegedly scam his supporters out of $250 million. question, though, this morning, will this committee make any criminal referral to the justice department? we ll have much more on that in a moment. a key inflation measure slowed slightly last month, but prices remain uncomfortably high all across the board. our chi ....

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

top of the hour on cnn newsroom, good to be with you, i m victor blackwell. president biden says that he has a plan to tackle the soaring inflation that s plaguing this country, he says republicans are getting in his way. the problem is republicans in congress are doing everything they can to stop my plans to bring down the cost for ordinary families. that s why my plan is not finished, and why the results aren t finished either. jobs are back. prices are still too high. covid is down, but gas prices are up. our work isn t done. the president also warned that it s going to take time for prices to come down. as americans struggle to buy, well, everything. groceries, gas, cars, a key economic indicator shows that the pace of inflation lowered just slightly in may but the producer price index is still up above 10%. this afternoon, stocks are mixed. s&p 500 dipped into bear market territory yesterday, and now everybody s watching the federal reserve. as economists predi ....

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CNN The Lead With Jake Tapper July 7, 2024

another prisoner swap? then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to the lead. i m jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration s coronavirus relief efforts, record new job creation, and low unemployment levels. sure, but that s likely little consolation to the millions of americans paying record prices for everything from food to gasoline. especially as many economists predict the federal reserve will drastically hike interest rates tomorrow to try to get control of the inflation. president biden will try to address one of those crises, gas prices, now ....

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FOXNEWS America Reports July 7, 2024

join us coming up. john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. sandra: i am sandra smith in new york. this is america reports. we are watching all of this, brand-new numbers today from may painting a bleak picture of the american economy. consumer and producer prices still skyrocketing, and hitting record highs. all has major implications for your wallet as those producers that are facing higher costs plan to pass those higher numbers down to the consumer in the form of higher and higher prices. john: national price of gasoline up 63% from a year ago and the highest ever. sandra: it is almost hard to believe, every day a new record. the white house has announced a middle east trip to saudi ar ....

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