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Transcripts For CNNW Early 20240704

We begin this morning in hawaii where authorities have increased the death toll caused by the wildfires there, at least 55 people now confirmed dead from the raging inferno that swept through the town of lahaina. The community there is just devastated from the loss. We are going to try our very best to identify those that have perished so that the families can have their closure and can have that understanding. When the mayor said it is all gone, it is all gone. It is all gone. It is gone. The governor estimated thursday that about 80 of the overall lahaina area was destroyed. County officials in maui say the fire there is mostly contained. The federal government also swinging into action with President Biden issuing a Disaster Declaration for maui and parts of the big island. And sfeefema oig administrator traveling there today. And i want to bring in a woman who is safe but also separated from her family. Her parents home has burnedsis firefighter there. First of all, how are you doi

U sAround the worldDeath tollOf lahainaCounty officialsJoe bidenSfeefema oigDisaster declarationBig islandMom and dadLa l lahainaIn lahainaNo oneSouth sideWest sideGo on

Transcripts For CNNW CNN 20240701

two big stories we are following, and the minute we are expecting to see the federal reserve will hold interest rates steady for a third time, we will bring you the decision and what this means for your wallet. lawmakers will vote on what are whether to formalize the impeachment inquiry into joe biden. it demands a public hearing, much more on the showdown on capitol hill straight ahead, we are following major developing stories and more coming in to cnn news central. wall street will learn of the federal reserve board will meet expectations by keeping interest rates steady for the third time in a row. they have not reached their target rate for inflation, but the treasury secretary thinks that can happen by the end of next year, analyst don t expect high interest rates to go anywhere, let s get straight to straight business correspondent, the chief economist. what is the fedde decision? we can call it a trend, this is the third straight meeting the federal reserve ha

Interest ratesFederal reserveJoe bidenImpeachment inquiryCapitol hillCnn news centralTarget rateTreasury secretaryWall streetWe don tBusiness correspondentThe endBehind closed doorsFedde decisionMarch of 2022Consumer spending

Transcripts for CNN Early Start 20240604 09:52:00

surpass a record $1 trillion. that is up 4.6% from the last quarter. i want to bring in mark zandi. always great to see you. how do we interpret this, higher than pre-covid, but how concerning is this really? it shows a lot of stress among low/middle income households, folks in the bottom third, half of the income distribution. so less than $70,000 annual income. they are under a lot of pressure, high inflation has cut into purchasing power and they have to turn to their credit cards and consumer finance loans to help fill the void. and it is now resulting in an increase in the delinquency and default. but having said that, folks in the top half of the income distribution, no problem. they don t have any debt whatsoever. if they have a mortgage, they have got a 30 year fixed rate that is locked in at very low interest rates. so no difficulty there at all. but for low income households, i

Mark zandi1 trillion4 6Income distributionCredit cardsPurchasing powerConsumer finance loansNo problemInterest rates

Senator Osgood s Response to Governor DeSantis Vetoing HB 1267

Senator Osgood s Response to Governor DeSantis Vetoing HB 1267
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