Live Breaking News & Updates on Profit Warning|Page 2
Stay updated with breaking news from Profit warning. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
away. experts believe it could fall to the lowest level since last february, the white house down plays fears of a recession. my hope is we go from this rapid growth to a steady growth. so we ll see some coming down. but i don t think we re going to god willing, i don t think we ll see a recession. let s hope he s right. today s report is the first of many marking the state of the economy, especially this week. tomorrow, the fed will make its announcement on interest rates and will likely hike that interest rate. so let s begin with the economy this hour with cnn reporter matt egan and jeremy diamond. matt, we ll let you look at the numbers just coming in. but jeremy, what is the strategy for the white house as they prepare for so many consequential reports on the economy this week? reporter: we have seen from the white house a week of prebuttals ahead of all of these economic numbers this week. in particular, those gdp numbers that we are expecting on thursday. ....
he left town in disgrace following the capitol riot and his election loss. he will be speaking to a group of conservatives and we re told that he plans to focus his speech on law and order. trump returns to washington amid a widening probe by the justice department into the capitol insurrection that now includes testimony from high ranking officials in his administration. mark short, the former chief of staff to vice president mike pence says that he testified under subpoena before a grand jury a federal grand jury investigating the insurrection. short s former boss also in d.c. today. pence delivered a speech and appeared to distance himself from the former president. so i don t know that our movement is that divided. i don t know that the president and i differ on issues. but we may differ on focus. i truly do believe that elections are about the future. and that it s absolutely essential at a time when so many americans are hurting, so many families are strugglin ....
customers have mostly shrugged off the higher menu prices and the revenue has gone up. what s going on there? both of those companies, walmart and mcdonald s are facing higher costs as is practically every company right now. the difference however is mcdonald s has been able to pass on some of the higher costs. walmart can t do that as much because their whole brand is centered around being a low-cost retailer. it s having to eat some of the costs and that s why it s warning about profit. but jake, one thing i should flag, we talked about this recently in terms of the retail sales data. wall mmart warning they re speng more of essentials like food and fuel and that s leaving less discretionary income. the reason that matters to a retailer like walmart is their profits are higher on categories like apparel. their profits are lower on essential categories like food and fuel. that s why we re seeing the profit warning. it s yet another data point, yet another sort of war ....
president trump. we ll have more on that speech and why he gave it just ahead. plus the january 6th committee releases more of what the former president wouldn t say the day after the insurrection. meanwhile, on capitol hill, covid is complicating crunch time for congress. democrats are running out of time to get things done before a month-long august break. good morning. and welcome to way too early. on this tuesday, july 26th. i m jonathan lemire. thanks for being here. there are new developments with the justice department s investigation into the january 6th attack. two top aides to former vice president mike pence have testified before a federal grand jury. mark short who was pence s chief of staff and greg jacob, pence s counsel at the white house was subpoenaed by the department of justice, short was with the former vice president during the insurrection. nbc news cameras set up for steve bannon s trial recorded short and his attorney leaving the federal ....
another witness announced for tomorrow s primetime hearing. and new reporting on how donald trump had the secret service scrambling on the day of the attack. plus, we ve got the top headlines from last night s midterm election primaries that may serve as a warning to democrats. good morning and welcome to way too early on this wednesday, june 8th. i m jonathan lemire. thanks for being with us. senators had hoped to reach a bipartisan deal on gun safety by the end of this week, but nbc news has learned that that timetable may slip. perhaps into next week. senators have hit a snag on how to expand background checks. two people close to the talks tell nbc news at issue is whether to add waiting periods for 18 to 21-year-olds and to enable the fbi to conduct background checks on their juvenile records. a spokesman for republican senator john cornyn of texas said he is not considering waiting periods but does support the provision on the juvenile records. democrats, ....