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

continuing concerns over inflation. how do those two square? we ll have much more on that in just a moment. plus happening right now, an investigation underway in arizona after the democratic candidate for governor katie hobbs said someone broke into her campaign headquarters. kyung lah is following this for us in phoenix. and more on the break-in. and police say there were some items taken. what more are we learning about this break-in and also what was taken from the office? reporter: well the campaign is still trying to sort exactly what was taken. they have to inventory everything and figure out what sensitive material was or was not taken in this break-in. there has been a police report filed and they are looking for someone. the campaign did manage to capt a capture someone who they think did this on their security cameras. we were able to obtain the still images from the security footage which has been handed over to police. as police try to figure out exactly ....

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CNN At This Hour With Kate Bolduan July 7, 2024

raising interest rates five times this year to combat inflation. and even with this new report, economists say people should still be bracing for the possibility of a recession in tough times ahead. so let s get to the new report and what it means and what is it doesn t. matt egan is here. and what does this good news say about what is next? well, kate, not that much. this is a rearview mirror number. it is a snapshot in time. we know the economy got knocked down in the first half of the year, but it got back on its feet this summer. gdp rising 2.6%. that is solid. consumer spends slowed but it is still positive. i think that this should silence the argument that the u.s. economy is already in recession. right. gdp is positive, the jobs market keeps chugging along. new numbers show that initial jobless claims which is a proxy for layoffs, they remain low. at pre-covid levels. how you could have a recession if you don t have playoffs. this is so confusing. because ....

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CNN CNN Newsroom With Ana Cabrera July 7, 2024

a critical rebound, or is it the calm before the storm? the data is in and the u.s. economy grew by more than expected last quarter putting an end to a six-month slump and the president is hoping this bounce gives democrats a jolt before election day. but before we discuss the political fallout let s look at the numbers. with cnn s matt egan and rahel soloman. break this down for us. does this mean we are out of the woods. unfortunately, not so much. great news that the economy bounced back last quarter. but that doesn t mean that the risk of a recession going forward has gone away. both things can be true at the same time. today s report showed that gdp increased last quarter at an annual rate of 2.6%. pretty solid. i think that plus low unemployment should put to rest this idea that the economy is already in a recession but this gdp report had concerning signals. it s really the improvement was driven by trade, exports were up. imports went down. that alone was enou ....

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CNN The Situation Room With Wolf Blitzer July 7, 2024

we re getting new reaction to his message and whether it ll make a difference with the all important mid-term elections just 12 days away. also this hour a secret hearing involving the trump team and the mar-a-lago document dispute. it ended just a short while ago. we re learning also that the january 6th select committee is now moving forward with interviews of top secret service agents and officials. standby for the details, reported first right here on cnn. and we ll have an exclusive report from inside the bunker of a ukrainian powerplant targeted by the russians. i ll discuss the war and the new taunts from vladimir putin and iran going on right now with key white house official john kirby. he s standing by live. welcome to our viewers in the united states and around the world. i m wolf blitzer and you re in the situation room. we begin this hour with issue number one for so many american voters, the u.s. economy. president biden is seizing at a new report showin ....

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FOXNEWS Special Report With Bret Baier July 7, 2024

inflation that is not going down significantly. we will have the latest on the midterms including a fallout from all this week s debates. but, first up, the preelection economy where it stands. white house correspondent jackii heinrich starts us off from the north lawn. good evening, bret. the president is in syracuse touting the biden administration investment and praising today s economic report. the data is not what it seems on the surface. great economic report today. the g.d.p. report. things are looking good. at first glance today s g.d.p. report suggests the u.s. economy is turning around after two consecutive quarters of negative growth. but a closer look shows the 2.6% growth was driven by flux yaptions in international trade, not reflecting the underlying health of the economy and increased government spending. economists think both will drop off in quarter four. moreover, consumer spending is slowing as inflation climbs faster than wages. moody s chief ....

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