Good morning, everyone. So glad youre with us. Good morning. Hump day. Fz good morning. Half way through. We have a lot of deve developments. A lot going on overnight. Lets start with five things to know. Voters in ohio showed up in a big way. Overwhelmingly rejecting issue one, an issue that would have made it harder to amend the constitution. Its a major win for Abortion Rights supporters ahead of a vote to ensure access to abortion. We are seeing a secret memo from an Unindictmented Coconspirator in the January 6th Case against donald trump. The New York Times got ahold of the letter, which shows the evolution of the fake elector scheme. Also this morning, hawaii is under a State Of Emergency right now as large wildfires rage. They are fuelled by winds from hurricane dora. The coast guard is rescuing people who have been jumping into the ocean to escape the smoke and fire. The police chief of montgomery, alabama, says its huk hewly likely 245 more people will be charged in the chaot
hello and welcome to inside politics. i m john king in washington. thank you for sharing another very busy news day with us. on notice, six more lenders get put on a watch list following the bank intervengs. new inflation numbers today make the challenge even more complicated. the inflation playbook says raise them again. plus the anterior of reagan no more. gop presidential hopeful ron desantis says russia s assault on ukraine and its democracy is not a vital u.s. interest. it s a flip tlop for the governor that puts him in sync with today s gop. and blame mike pence. donald trump says jan 6th would not have happened if pence had helped him steal the election. up for us first, the justice department and the securities and exchange commission now conducting separate investigations into the collapse of silicon valley bank. the news following a startling warning that six other banks ared a at risk of credit downgrades. it s part of the huge balancing act for the economy.
d.c. conventional wisdom. the summer beginning with democrats almost fatalistic about losing the house. here are today s headlines. a shift in trends showing democrats daring to dream, the times reported on the rebound. the post reporting democrats showing momentum in these recent special elections, which is hard data. the d.c. website axios reports on the democrats now stunning turnaround. now, first, this is classic washington a narrative zigs and zags. everything gets exaggerated. there s a lot of self-interested reasons that people need to make things so histrionic. i can also tell you tonight, the reason this is the top story here where we try not to be histrionic is because there is hard data showing democrats improving. and at this point they might start asking themselves, well, how did we get here? they may ask themselves, where does that midterm highway go? same as it ever was. that s of course how the talking heads and david byrne memorably put it. the numbers
here. joyce, to you first. when there s been these initiate i-s on ballots, any of them that happened since dobbs tsupported or extended rights, they have fail ed. so place ohio, this piece of the puzzle, in that trend. we have seen this in california, vermont, michigan, montana, states where voters have been asked to vote on the issue on the issue of abortion. and repeatedly, voters have sided with protecting abortion. we even see this in redder states like kentucky, where voters there, it was a double negative, they rejected not including taking abortion out of a state constuon protected right. so we have seen this in blue stes and red states. i think what you re seeing is there seems to be a gap between what gop lawmakers in state
in 24 hours, they tried to withw withdraw $42 billion from this bank. it was a social scontagion that had imcomplications for the silicon valley. the government stepped in is and tried to stabilize the banking system. the fed already announced that it would be look ing into the regulatory lapses that may or may not have led up to this moment as well. you have three big federal probes here into exactly what happened to svp. there were three banks that fail ed over the course of the last week. that shows where there s been strain and stress in the banking system because of those fed interest rate hikes to try to cool inflation. we have those regional banks bouncing back today. that s really important to make this point. sources saying that it looks like the depositors that have been fleeing some of those banks has slowed. there s some stability there. the fire maybe out. these are all of them well off