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economists say this one should not hurt the economy. joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al -- allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama's national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflati...

you are watching "fox and friends first," i'm todd piro. >> ashley: i'm ashley strohmier in for carley shimkus. there was a victim as young as one year old. >> right now we have one person of interest detained and we're searching for an additional suspect. they are believed to be a black male with dreads, black short sleeve shirt and camo shorts. >> ashley: lauren blanchard joins us. >> nine people injured when a fight broke out between two groups. one person pulled a gun. >> i was laying down having a good time and i heard pop, pop, pop, six or seven shots and everybody start runnin...

>> be very clear. not one republican should vote for this deal. it is a bad deal. >> i thought the last plan wasn't good enough. i had no idea. i had no idea that we would see a plan as ephemeral as this plan. >> anyone who's spent any time on capitol hill will tell you those hard liners were probably never going to vote for any compromise. by necessity, it would not be what they wanted, which was major spending cuts to social programs but here is where it gets tricky. as part of the deal to get the gavel, mccarthy put a number of those hard liners on the rules committee in the house...

good day. i'm chris jansing live at msnbc headquarters in new york city. can they get to 218 by tomorrow? with growing frustration over the debt deal on the right and the left, we have got latest on the arm twisting, political messaging and veiled threats coming out of capitol hill. all of it with a full house vote tentatively planned for tomorrow night. plus, desantis in des moines. the governor, how will his florida blueprint go over with the folks in iowa? and the war next door hits home for vladimir putin. literally. drones exploded on a moscow neighborhood while buildings we...

Bars for killing those five. The man accused of killing his neighbors in texas is captured after a days long manhunt. Well have the latest on his arrest in just a moment. Meanwhile on capitol hill democrats might have a plan b to raise the debt ceiling, but theyre going to need some help from the other side of the aisle. And also ahead new testimony in the civil trial against donald trump. It comes as the former president decides not to take the stand in his own defense. Good morning, and welcome to Way Too Early on this wednesday, may 3rd. Im Jonathan Lemire and thanks for starting your day w...