tv CNN Newsroom With Alisyn Camerota and Victor Blackwell CNN July 25, 2022 11:00am-12:01pm PDT
11:00 am
hello. i'm victor blackwell. welcome to "cnn newsroom." >> i'm alisyn camerota. the january 6th committee releasing new video that gives new insight into how former president trump tried to avoid calling out the violent mob who attacked the capitol. >> a short time from now we'll hear from the mother of an american who was just killed in ukraine. what she says about his service on the front lines of the war.
11:01 am
also, this is a critical week for the economy. we are expecting a deluge of economic data to drop almost every day. it will hopefully provide insight to the millions of americans getting pummelled by 40-year high inflation. >> some analysts believe the u.s. is hurdling into a recession but the white house is hammering the message that the economy is resilient. we'll get a better sense of how the public is feeling tomorrow when consumer confidence numbers come out. >> then it's the federal reserve's turn. it meets wednesday and will likely hike interest rates again to try to tame surging prices on everything from eggs to beef, to everything, rent as well. thursday gdp second quarter results are due. >> cnn's matt egan and rahel solomon are here with us. all of this economic data is going to be coming this week. what is most important? >> this is shaping up to be a pivotal week for the economy. politico dubbed it a category 5 storm of economic news coming
11:02 am
and it could help the big guessing game about whether or not we're in a recession or possibly headed toward one. tomorrow i'll be looking at the consumer confidence numbers. that could show whether or not confidence has started to improve now that gasoline prices have plunged below $4.40 a gallon nationally. wednesday there will be a fed meeting and we're expecting another monster increase from the feds to try to fight inflation. all eyes are going to be on the gdp report on thursday. gdp surged last year as the economy recovered. it actually declined during the first quarter. it was a big surprise. and there's a risk that gdp declined again during the second quarter. remember, gdp is the broadest measure of economic activity. it shows which industries are growing and which aren't. if it shows another decline, that is going to amplify the economic concerns. the stakes here are massive, not just for the white house and for investors, but really for everyone because their livelihoods, jobs, nest eggs are
11:03 am
all going to be shaped by what happens with the economy. >> so two consecutive quarters of negative growth suggests obviously momentum in a certain direction, but is that the definition of a recession? because the white house is playing along that line. >> it's more so a rule of thumb. it is not the technical definition. the technical definition is going to come from a group of economists that will essentially decide, and they do it secretly and mysteriously. they sort of decide when a recession actually has started. they tend to be quite down the line, it tends to come after a recession has actually started. that's why you've seen pushback from the white house. two consecutive negative quarters does not a recession make. technically it doesn't. there is, however, a question of whether it is technically a recession or not. a lot of people seem to think that we are in a recession and that matters, too. >> matt, i am fascinated by what's happening to the federal deficit. so two years ago under president trump it was super high,
11:04 am
something like $3.1 trillion in 2020. then it went down to $2.8 trillion. it is now projected to be only $850 billion in 2022. i thought the deficit basically always went up. but now it's going down. >> yeah. >> why? >> i think this is some positive news in the midst of a whole bunch of bad economic news. goldman sachs called this a remarkable improvement. we have to remember what happened in 2020/2021, covid, massive amounts of covid spending from the federal government, bailouts, stimulus checks, all of that sent the federal deficit skyrocketing to levels we've never seen before. it has come down dramatically because the government is taking in more revenue from consumers, from businesses, as the economy has improved. it's not spending as much money because the economy is not in the massive meltdown that it was. let's not forget, these are still big numbers.
11:05 am
$850 billion projected federal deficit, that's still a big number. >> better than it was. >> absolutely. >> let's talk about what the white house is saying, that a recession is not inevitable. what are the indicators they're pointing towards? >> two things. one is the most important, the labor market, the jobs market. people still have jobs. we're at 3.6% nationally. when you look under the hood of that there are 21 states right now with unemployment at 3% or less. so people have jobs and have money. the question, however, is with the wage increases that we've seen, that's been outpaced by inflation. even if you are employed, but certainly if you are paycheck-to-paycheck and you're experiencing inflation at 9.1%, how much really does that actually create? that's the concern here. i should, however, say that the unemployment report -- the jobs report, rather, is monthly. there has been a lot more attention on the weekly initial claims number. this is the number of people filing for unemployment benefits and it is still historically low but trending higher and it has
11:06 am
been every week. we're now seeing it at a level we haven't seen since mid-november and it's not necessarily sounding off alarm bells but raising eyebrows about is this the trend? will we continue to see more unemployment filings? >> we will see a lot of you two this week. thank you both. >> thank you. so the january 6th committee just released new video showing that donald trump crossed out key parts of his speech to the country on january 7th, the day after the capitol riot. here is the written speech. you can see it on your screen. ivanka trump told the committee that the handwriting looks like her father's. >> cnn congressional correspondent ryan nobles joins us live from the capitol. lie important lines that the president apparently did not want to say. walk us through them. >> reporter: that's right. he seemed resistant to try and put any level of blame on his supporters that were attacking the capitol on that day, and he also did not seem to want to
11:07 am
strike a tone of conciliation as to the election being over and the country coming together. take a listen to this clip the committee put out earlier today. >> in my view, he needed to express very clearly that the people who committed violent acts, went into the capitol, did what they did, should be prosecuted and should be arrested. >> it looks like here that he crossed out that he was directing the department of justice to ensure all law breakers are prosecuted to the full extent of the law, we must send a clear message, not with mercy, but with justice. legal consequences must be swift and firm. do you know why he wanted that crossed out? >> i don't know. >> reporter: when you take this and you add it into the clips that the committee already showed of the outtakes of the former president really struggling to get through what ended up being only a
11:08 am
three-minute address to the country, it just shows where his head was the day after this awful riot that took place on capitol hill. he certainly didn't seem to be rushing to take any responsibility for what happened, but even further on, was not looking to hold anyone else accountable either. >> so, ryan, we understand that one big name on the panel's radar is conservative act activity, ginni thomas, the wife of supreme court justice thomas. are they going to subpoena here? >> reporter: that is an open question. there's no doubt about that, alisyn. and they are certainly not ruling out a subpoena of ginni thomas, but i wonder just how serious this possibility is. there's no doubt the committee is concerned about the role she played in all of this. she was in contact with mark meadows, the former white house chief of staff, john eastman, the lawyer. the evidence that's been presented seems to be more as a cheerleader, not someone that was an active participant. she played a significant role in raising money to help with the formation of these rallies that
11:09 am
brought people to washington, d.c. on january 6th and there's also the overarching concern about what, if any, influence she had over her husband in some key decisions that the supreme court had to make as it related to january 6th and other things. she says the work of her and her husband are completely separate, the committee not ruling out bringing her in. at this point, though, it doesn't seem as though she is as high on the list of priorities as maybe some of the other targets that they're focused on right now, victor and alisyn. >> really interesting. ryan nobles, thank you for the reporting. we have cnn political commentator eroll lewis. why is there a question as to whether the committee would subpoena her? if she was talking to the attorney and the chief of staff, why is there even a question about whether or not she would subpoena here? >> as a wiggle matter there should be no question.
11:10 am
she should be treated just like any other witness. she has no immunity of any kind, no claim of executive privilege or any other type of privilege. there may be political implications or reasons why the committee might be reluctant, but from what we've heard recently, vice-chairwoman liz cheney has made stronger statements that they are in fact willing to subpoena her if she does not testify voluntarily. so they are at least talking the talk now. and originally ginni thomas had said she would be willing to testify voluntarily. that appears to have fallen by the wayside. but there is nothing to stop the committee from testifying, and was said in the lead-up, she certainly has plenty of information, having testified -- having texted with at least mark meadows and john eastman and many others. so i think she would have a lot to add to the information
11:11 am
they're building. >> do you think they hear from ginni thomas without that subpoena? they'll have to go to that step if they want her in front of the committee? >> i would imagine if she wants to be held to her promise to voluntarily testify, they would get quite a lot of vol aluable information. but i don't think this committee wants to go through a multi-month or year legal tangle trying to get her to show up. if she wants to resist the subpoena, she of course has the right, like anybody else, to resist the subpoena, to bring up whatever facts or arguments she might choose to create to try to fend that off. but we're in such in tried territory before. we've never had the wife of a supreme court justice acting in this way. what concerns they most, the 29 emails she sent to members of the arizona state legislature urging them to support a slate of fake electors. this has never happened before. so i don't know if they're going to necessarily choose to make this the story, and maybe even
11:12 am
delay the completion of their work just for information that would be maybe embarrassing but not necessarily all that probative of what they're trying to find out. >> tonya, i want to play for you two committee members who were on sunday shows yesterday, with, i think, a mixed message in terms of possible criminal referral for former president trump. let me play this for you. >> we've not decided yet as a committee whether we're going to make criminal referrals, but that's absolutely something we're looking at. >> i sure as hell hope they have a criminal investigation at this point into donald trump. >> so help us parse that. so one committee member sure as hell hopes that the department of justice is going to criminally investigate donald trump, while another one is saying that they haven't even decided if they will make a criminal referral. >> what is important to keep in mind here is that it matters not at all whether the committee makes a criminal referral.
11:13 am
the department of justice is not -- unlike, for example, a referral for contempt of congress, which does have to, in fact, come from the congressional committee and congress, a criminal referral for whatever it may be, seditious conspiracy or obstruction of justice or witness tampering, those do not have to be by referral. so the department of justice is looking like everybody else, ag, merrick garland has said that he's watching, he and his prosecutors are watching very closely. so they really don't need anything from this committee in order to investigate, and if they feel that the evidence warrants, to indict. and the committee might feel that for political reasons it is
11:14 am
more e m more expedient to not make a referral. >> there have been some questions about how the committee would sustain interest over the august recess until the september hearings. apparently we're seeing the beginnings of a strategy here. >> absolutely. they stage it as a television drama, they hired a tv producer to help produce it as a drama. these are easter eggs and coming attractions before the new season starts in september, if you want to think of it that way. they've got a treasure trove of information, lots of damning information. they couldn't fit it into the first eight hearings. i think we're going to see little pieces of it to make sure the public doesn't lose sight of it. to make sure the news media doesn't stray onto other stories and this stays top of mind for other hearings in the fall. >> thank you. well, first responders in california are trying to gain control of an extremely
11:15 am
fast-moving wildfire. thousands of people have been forced to flee their homes. >> and scorching temperatures are fueling the fires and drought across the country. more than 60 million americans are enduring brutally high temperatures. when we can expect some relief, that's next. wl of matcha and a fresh batch of wireframes. and you can find her, and millions of other talented pros, right now on upwork.com
11:17 am
11:18 am
to be healthier, knowledge is everything. steps. calories. exercise minutes. because proven quality sleep is vital to our health and wellness, only the sleep number 360 smart bed keeps you cool, then senses and effortlessly adjusts for your best sleep. and tells you exactly how well you slept, with your sleepiq score. our smart sleepers get 28 minutes more restful sleep per night. so, you can be your best for yourself and those you care about most. don't miss our weekend special. save 40% on the sleep number 360 special edition smart bed queen now only $1499. with godaddy you can start a stunning online store for free. easily connect it to social platforms and marketplaces. and manage all your sales from one place. because if you've got it, we've got you. start for free at godaddy.com/startfree
11:19 am
. more than 60 million people in the u.s. remain under heat alerts. >> cnn meteorologist tom seder is here. when do we get a break from all of this? >> december, i think, would be nice. we've broken hundreds of records this month, but we also broke them in june, we broke them in may. welcome to a changing climate. a year ago we had a terrible heat outbreak in british columbia and the pacific
11:20 am
northwest. over 400 people died in western canada. it's not going to be that hot, but this heat is going to be hanging around for the entire week and in and through next weekend. so this is prolonged. it's just been moving around the country. the fires in california we'll get to. look at these numbers. seattle 92, 44% of metro seattle has air-conditioning. down where the firefighters are fighting, they're well above their average, 100-degree heat. the heat has been spreading eastward and really set some amazing records. we still have the advisories, they'll be coming to an end. boston, 100 degrees. newark 102. five consecutive days above 100. that's never happened since records started in 1931. here come the severe storms that are moving in with lightning and damaging winds. just moments ago, a severe thunderstorm watch until 8:00 to the north, until 10:00 p.m. to
11:21 am
the south. we've had numerous flight delays with a pretty good cell moving through with delays at jfk and newark. these storms are going to continue. the problem is, when you have this heat buildup, you really get tremendous wind damage. thousands have lost power in the ohio valley, up into parts of the great lakes. new york city, you do get some relief. it doesn't last long. philadelphia, you're back into the 90s when we get into thursday. welcome to a record-breaking summer, i guess. >> tom, thank you. let's talk about those fires near yosemite national park that tom mentioned. more than 16,000 acres have burned and dozens of people have been ordered to leave. >> we have some infrared video to show you and it shows just the intensity, basically, of the fire last night. cnn national correspondent camilla bernal is there on the ground. are firefighters making any progress today? >> reporter: hey, alisyn and victor, some progress. contained by 10%, so there's still a lot of work to be done
11:22 am
and these flames are moving really quickly. part of the reason is because of the ongoing drought here in the state of california. you can see the evidence of the drought just by looking around and seeing how dry it is. you can also see exactly where the flames came into this property. and even though we have made some progress in terms of containment, the reality is that the fire continues to grow. on saturday it was 14,000 acres burned, on sunday 15,000. now close to 17,000. there are many under those evacuation orders and it's for a reason. a lot of people are going to return, and unfortunately some will return to a scene that looks like this. it is destruction. you can still see some of the hot spots in this property. you see the cars that were burned by this fire. all throughout the day we heard some of the trees that were burned just collapsing, and that is why authorities say it is dangerous and people need to listen to those evacuation orders. here is how a cal fire battalion
11:23 am
chief described those flames. take a listen. >> the fire behavior that we're seeing on this incident is really unprecedented. it's moving extremely fast and the reaction time to get people out is limited because that fire is moving so fast. so we're doing our best to notify them and working with law enforcement to get those evacuation notices out, but the reality is it's moving so quickly, it's not giving people a lot of time and sometimes they're just going to have to evacuate with the shirts on their back. >> reporter: and they're doing everything they can to prevent more properties, more houses looking like this. you hear the helicopters in the air. we've seen them dropping that fire retardant. many airplanes throughout the day. but it has been really difficult. there are more resources. we started on saturday with about 400 people working on this fire. more than 2,500 are now here.
11:24 am
they believe the extra resources, the temperatures that cool at night and during the early morning hours, that should also help with the containment here. but the reality and the bottom line is that there's still a lot of work to be done here. >> oh, my gosh. those images are just incredible that she was showing on the other side of the screen. so upsetting. thank you very much for the report. a shooting at a busy dallas airport forced travelers to take cover and air traffic control to order a full ground stop. we will tell you what happened there next. research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes yo home insurance, he's a pool party. look what i brought! liberty mutual! th customize your home insurance... so you only pay for what you need!
11:25 am
♪young people having a good time with insurance.♪ ♪young people.♪ ♪good times.♪ ♪insurance!♪ only pay for what you need. ♪liberty liberty. liberty. liberty.♪ if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition,
11:26 am
may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®. janssen can help you explore cost support options. >> tech: when you have auto glass damage, trust safelite. in one easy appointment... ♪ pop rock music ♪ >> tech: ...we can replace your windshield and recalibrate your advanced safety system. >> dad: looks great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪
11:28 am
as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.
11:29 am
authorities in dallas shot a woman who opened fire inside dallas love field airport. >> cnn's senior national correspondent ed lavandera is on the scene with details. ed, tell us what happened. >> reporter: well, as far as we know the airport here at dallas love field still on a ground stop, but investigators continue to work the crime scene here, where police, dallas police here say at about 11:00 this morning, a woman was dropped off at the april, walked into the terminal, the area behind me. that is the ticket counter area for the check-in at the airlines. the woman, according to the police chief, walked into a bathroom, changed clothes, put on some type of hoodie, then emerged from the bathroom and
11:30 am
the police chief picks it up from there. >> produces a handgun and begins firing. at this point we don't know where exactly the individual was aiming, but from what we're seeing, she was aiming at the ceiling. but there was several rounds found. simultaneously, our officer engages the suspect, strikes her in the lower extremities. she's taken to custody. >> reporter: so that officer shot the 37-year-old female, who we are told has been taken to a hospital and is being treated for her injuries there. motive behind the shooting is not clear at this point. we're still awaiting details on that. nobody else was injured inside the airport. as you can imagine, it set off chaotic moments and a completely confusing situation inside the terminal. we talked to one passenger who arrived shortly after the shooting and he decided to leave the airport and is driving
11:31 am
himself to his final destination. things trying to get back to normal at the airport this afternoon. >> i mean, just looking at the consequences of everybody having to sit there, flights delayed, ground stoppages, all of that stuff from this one violent person. ed lavandera, thank you very much. president biden's doctor says that his covid symptoms have almost completely resolved. in an update this morning, the doctor said the president only noted some residual nasal congestion. his pulse, temperature, blood, all normal. he is continuing treatment with his antiviral, the paxlovid. cnn's chief white house correspondent katelyn collins shares us now. president biden shared this new photo of himself working in basically isolation, though his dog is with him. what's going on today? >> reporter: it's about 90 degrees here in washington, but that was a photo the white house
11:32 am
published earlier of the president showing that he is working, of course, after his doctor provided the latest update from dr. kevin o'connor, saying his symptoms are pretty much all gone, save for congestion and mild hoarseness. we are expecting to hear from the president virtually, and we'll see what his symptoms are like coming up a few moments from now. they did say this is his fourth full day of paxlovid. he is still isolating, but he has been progressing well, according to the white house in these daily updates we're getting. the white house hasn't said whether he has tested negative yet. that is going to be the determining factor is when he returns to full in-person work meetings and whatnot here at the white house. until then, he's been isolating in the residence and in the letter we should note his doctor did say he is being conscientious about being around white house staff, given he does, they believe, have the ba.5 variant that is very contagious. they are keeping an eye on that.
11:33 am
he is doing some virtual meetings while he's here. we're going to see from him shortly talking about semiconductor chips, but he did have a meeting where he prerecorded some remarks to speak with executives. and we are expecting to see those remarks. they're not just talking about efforts to make communities safer, but he's also going to talk about how heroic police officers were on january 6th and he is going to note as we are told by a white house official, while some sat idly by like donald trump, of course that was the theme of last week's hearing from the january 6th committee when president biden had covid and we're told he did watch some of it. it would be notable to see that remark because we haven't really seen president biden comment at length on the january 6th hearings as they've gone on to progress, certainly not from last thursday. but he did plan to do so during those remarks today. >> we'll look forward to those. thank you. at least four americans have been killed in ukraine. the mother of a south carolina
11:34 am
11:35 am
♪ my name is austin james. as a musician living with diabetes, fingersticks can be a real challenge. that's why i use the freestyle libre 2 system. with a painless, one-second scan i know my glucose numbers without fingersticks. now i'm managing my diabetes better and i've lowered my a1c from 8.2 to 6.7. take the mystery out of managing your diabetes and lower your a1c. now you know. try it for free at freestylelibre.us
11:38 am
new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. . at least four americans have been killed in ukraine since the war there started. this is according to the state department, which says that 31-year-old luke lucyszyn recently died on the front lines in ukraine's donbas region. luke's mother, kathy, joins us now. thank you so much for being
11:39 am
here. we're so sorry for the loss of luke. just tell us, if you would, what he was doing in ukraine, why he went over there. >> he went over there, he told us, to drive an 18-wheeler, to try to get food to people who were in desperate need of it. he went there, he entered warsaw and got a visa. he didn't have a visa, he got into ukraine and then met up with different men and found out that there was no 18-wheelers to be driven anywhere. he has his cdl license. so he met up with men and he ended up joining the ukrainian military. all luke talked about was he really wanted to help. >> and i know, of course, you were so worried about him, though he felt compelled to do this, compelled to go over and help. what were your conversations like with him? >> well, we told him that, you know, it was really dangerous
11:40 am
and no matter where he went, even if he drove a truck, he was still in danger. so we talked to him, but he couldn't be persuaded. his dad is 100% ukrainian, so luke is 50% ukrainian and he just wanted to help. all he talked about was, mom, i really want to help. and that's what he did. >> yeah. and do you know exactly where and how he was killed? >> yes, we do. we know that he was -- well, i know it was in the donbas region and we found out from facebook exactly what happened. we know that he was hit by artillery and he was knocked out and that three men tried to save him, and that is even more heartbreaking. >> yeah, that is. they were brave and i read that
11:41 am
as well, that they tried to save him and were killed. and i know how hard this is. as you say, he's not only your son. he was also the dad of two young children. how are those kids doing? >> actually, neither one of them know about it yet. the 4-year-old, her mom is going to tell her, and the 8-year-old is going to be told tomorrow. so it's been really hard. i just told my 94-year-old mother today, and she went ballistic. she was -- she just had trouble handling it. >> i'm sorry this is all so fresh, and i understand that you're still processing it and having to tell your relatives. how do you make sense of it in your own head? >> oh, my god, i can't. my heart is so heavy, it's hard to breathe. some days are better because you're with other people, and my daughter was here this weekend,
11:42 am
which helped a lot. she came because it was my birthday weekend. she came to celebrate with me, and we didn't tell her until saturday because we knew how she would react. she went home this morning. there was really nothing for her to do here and she knows where we live, we have a great support system and she really wasn't needed now. she'll be needed when it comes time to come back for the memorial. >> when is the last time you spoke to your son? >> well, that's the thing. he told us that -- we were having regular conversations while he was over there, and maybe -- i think it was like three or four days before it went dark, he told us that he was going into the donbas region and that he would not be able to communicate with us, because he said that the russians could track their signals.
11:43 am
so the last conversation was -- oh, my goodness, he kept saying, mom, we need equipment, we really need equipment, we need helmets, we need tactical vests, we need scopes, can you send me some? and i would have done anything for him to be able to send him something. i even called the police department to find out what the best vest would be to send him, but he never got back to me with an address, so i couldn't do anything for him. >> well, kathy, we've heard that from so many people, but hearing your personal story really drives it home for us. thank you very much for coming on and telling us about your loss, and we're thinking of you and, of course, your grandkids. kathy, thank you very much. we'll check back with you. >> thank you very much. we'll be right back. finding the perfect developer isn't easy.
11:44 am
but, at upwork, we found her. she's in prague, between the perfect cucup of coffee and her museum of personal computers. and you can find her,, and mimillions of other talented pros, r right now on upwork.com it's true. everyone gets a free new samsung galaxy s22 with a galaxy trade-in. any year. any condition. really? even if my old phone looks like this? (♪ ♪) (gasps) dude - why? uhh - how could you? it's okay, people. i've trained for this. it's not complicated new and existing customers get a free new samsung galaxy s22 with a galaxy trade-in. any year. any condition. (♪ ♪) i'm jonathan lawson
11:45 am
here to tell you about life insurance through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. what are the three ps? the three ps of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54, what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80, what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular whole life insurance plan available through the colonial penn program. it has an affordable rate starting at $9.95 a month. no medical exam, no health questions.
11:46 am
11:47 am
it's not paid for by california tribes. it's paid for by the out of state gambling corporations that wrote prop 27. it doesn't tell you 90% of the profits go to the out of state corporations. a tiny share goes to the homeless, and even less to tribes. and a big loophole says, costs to promote betting reduce money for the tribes, so they get less. hidden agendas. fine print. loopholes. prop 27. they didn't write it for the tribes or the homeless. they wrote it for themselves.
11:48 am
. the white house is bracing for a flood of economic news this week and a lot of conversation recently about the economy has been about whether a recession in the u.s. is inevitable or when it might start or how bad it could get. let's take all of that to a member of the white house council of economic advisers. good to have you here. let's start with the state of the economy. the line from the white house has been that the most recent inflation numbers are out of date because they were before the drop in gas prices. so what is the state of the economy right now from the white house perspective? >> well, there's three things i want to note. first of all, we've seen over a million jobs created over the past three months, so that is certainly a strong economy, good
11:49 am
news for american workers, american families. we have not seen typically that recessions start when you see this kind of robust job creation. second, while we did see a high print for inflation last month, the majority of that was due to energy prices and one of the things we have now seen is that for 41 days straight gas prices have been falling. in fact, the typical driver is now going to spend about $35 less per month because of the recent decline in gas prices. and the third thing i'll note is that even as we weather these historic challenges with inflation and the challenges of recovering from a global pandemic and all that it entails, american families continue to be in a relatively strong place. household balance sheets are relatively strong. so we think we have the tools and we're in a good enough place to weather the challenges in front of us. >> second quarter gdp numbers come out on thursday. what's the expectation? >> well, certainly we are
11:50 am
well certainly we are looking for positive growth in the second quarter, but expectations are that it will be small to, you know, it will be small to negative. here's the thing, again, we are recovering from a historic pandemic. what we saw last quarter was that although growth was negative, a lot of that was due to the change in inventories and it remained the case that the consumer was quite strong. given the fact that the labor market remains robust, given the fact that we have been creating jobs to the tune of about 375,000 per month on average for the past few months and consumers have remained strong, we'll have to see what the numbers show. >> yeah. of course you say that there are some expectations that it will be a second consecutive quarter of negative growth. that has been generally the definition of a recession. not the specific definition. i want you to hear, and i can see you smiling, you know where i'm going here with this, the treasure secretary, janet yellen describing that broader
11:51 am
definition. let's watch. >> if the technical definition is two quarters of contraction, you're saying that's not a recession? >> that's not the technical definition. there's an organization called the national bureau of economic research that looks at a broad range of data in deciding whether or not there is a recession. and most of the data that they look at right now continues to be strong. i will be -- would be amazed if the nbar would declare this period to be a recession, even if it happens to have two quarters of negative growth. we've got a very strong labor market. when you're creating almost 400,000 jobs a month, that is not a recession. >> but heather, nearly 2/3 of americans, 64% in the latest cnn poll, they feel that the economy is in a recession right now. feelings are not facts, right?
11:52 am
we all understand that. but if confidence stays low, and american families feel like they're in a recession, is that not more impactful than what some organization, some agency in a bureaucracy determines it is? what's the impact of public perception? >> here's the thing, we know a couple of things to be true at the economy right now. first of all, we've recovered from the depths of this pandemic shock, and we've gotten people back to work, so all across america folks who want a job, who need a job, in large part, folks are able to find one, the unemployment rate has been hovering around 3.6%. that is certainly good news for families, but people are frustrated because prices have been rising and because things feel out of control, especially things like gas prices. but the definition of a recession does affect how policy makers should think about the tools they have in front of them. certainly the president is doing everything he can to focus on making sure that we maintain the job gains while also dealing with today's high prices.
11:53 am
it's why he's focused so much on the agenda that quite frankly he came into office with. we need to move to clean energy, which will give us more stable prices, lower prices for energy over time. we need to make sure that congress, well, congress needs to make sure they get across the finish line. legislation that can reduce costs for families on key pain points, like health care, and of course congress could do a lot more reducing cause for families on a variety of things the president has put on the table. families do struggle with high costs, and that is an ongoing challenge. the good news is you've gotten the unemployment rate down, and you continue to see those job gains. >> we'll see what the numbers tell us about the economy over the next several days. heather boushey, thank you. vice president kamala harris is in indiana where state lawmakers are holding a special session to consider restrictions on abortion.
11:54 am
fishing helps ease my mind. kinda like having liberty mutual. they customize your car insurance, so you only pay for what you need. woah! look out! [sfx: submarine sing out of water ] [ sfx: minion spits bobber ] minions are bitin' today. [ sfx: submarine hatch closes, submarine dives ] ♪ liberty. liberty. liberty. liberty. ♪ hello! minions: the rise of gru, only in theaters. hey!
11:58 am
movie audiences are saying yes to jordan peele's new movie "nope," it opened over the weekend as the number one movie in america. >> tell me, did you see in the cloud? >> "nope" made an estimated $44 million this weekend in north america. it's peele's third movie and each of his films has opened at number one. it is a science fiction film
11:59 am
starring keke palmer and daniel kaluuya. >> love the movie, it's my favorite. >> if you want to leave right now and we'll go see that movie, i'll go see that. >> love "get out," every time i see a teaspoon hit a teacup. >> marvel studios, highly anticipated follow up premieres in november. it includes familiar faces from the original and a few new ones. here's a look. >> i am queen of the most powerful nation in the world. and my entire family is gone. have i not given everything?
12:00 pm
♪ ♪ ♪ >> oh, that looks good. that doesn't come out until november or we could leave right now. >> i've not been to a movie theater since the pandemic started. that one, i'm going back in. >> that's incredible. it seems like they're handling the loss of chadwick boseman in a poignant and powerful way there. >> can't wait to see it. >> me too. it's the top of the hour on cnn newsroom, i'm alisyn camerota. >> i'm victor blackwell. good to be with you. we're following several developing stories this hour. right now, vice president kamala harris is in the state of indiana, joining the fight to protect reproductive rights. indiana state lawmakers are meeting right now in a special session to consider a ban on abortion. >> then the january 6th committee also appears to be on a collision course
163 Views
Uploaded by TV Archive on
