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peddled false claims of fraud even though he was told by his closest aides repeatedly, mr. president, you lost the election. daniela diaz is live on capitol hill daniela, do we know what bill steppian expects to say? >> reporter: we do not. he is testifying under subpoena. super notable he is appearing before the committee, and the second hearing that will take place later today starts at 10:00 a.m. we do also know was liz cheney said at the first primetime hearing that took place last week that this hearing will revolve around trump's effort to convince huge portions of the u.s. pop...

>> i'm jake tapper. aides say this second hearing will drill down on evidence that president trump knew he lost the election but spread false claims of fraud anyway, ignoring court rulings, ignoring the will of the american people. lead-off witness, bill stepien, who has firsthand knowledge about what trump knew about the election numbers. stepien tells cnn he is appearing under subpoena. also testifying today, former fox digital content director chris stirewalt. he was fired after his accurate call of arizona for joe biden. we'll hear directly from republicans who investigated and r...

now it's an improper purpose based on what we heard from hershman saying the only thing i want to hear from you is orderly transition. if you don't do that, you're improperly there. you have a case, but there's still work to be done. cheney talked about the eastman memo, the notion of who was in the house? who was in the room where it happened to say this is what we're going to do. the conjuring moment of figuring out what to do next. i think that might be the piece that is most lacking, but this was a phenomenal stride toward supporting each of the elements. >> right. and the big li...

we told him, the group that went over there outlined, you know, my belief in chances for success at this point. my belief was that it was very, very -- 5% to 10% is not a good optimistic outlook. >> the committee then showed how former president trump continued to embrace allegations of fraud, going against his white house lawyers, who told him that accusations were baseless were not substantial enough to make a difference in the election outcome. the justice department even told him there was no there-there as trump kept holding onto wild conspiracies. >> there were so many allegati...

taming inflation. the very thing that is weighing on the u.s. economy. the worry, of course, is that the fed could tighten too much and plunge the u.s. economy into a recession. it's really a delicate walk for the federal reserve, but at this point, the market wants to see the fed try to get out ahead of this because many believe the fed has been behind the curve for so long. >> alison kosik, thanks so much. >> turning to our politics lead and the january 6th committee laying out damning evidence that former president trump was told over and over and over again that his claims of ele...