away. experts believe it could fall to the lowest level since last february, the white house down plays fears of a recession. my hope is we go from this rapid growth to a steady growth. so we ll see some coming down. but i don t think we re going to god willing, i don t think we ll see a recession. let s hope he s right. today s report is the first of many marking the state of the economy, especially this week. tomorrow, the fed will make its announcement on interest rates and will likely hike that interest rate. so let s begin with the economy this hour with cnn reporter matt egan and jeremy diamond. matt, we ll let you look at the numbers just coming in. but jeremy, what is the strategy for the white house as they prepare for so many consequential reports on the economy this week? reporter: we have seen from the white house a week of prebuttals ahead of all of these economic numbers this week. in particular, those gdp numbers that we are expecting on thursday. the w
and houston rushes out. the country that put the first man in space is quitting the international space station. the impact on future missions just ahead. but first, your money and cnn business reporter matt egan is here with us. today s consumer confidence report was the first major data point in this critical week for the u.s. economy. what did it show? simply put americans are not happy with this economy. consumer confidence dropping for a third month in a row in july. to put this into context, the lowest level for consumer confidence since february of 2021. not only is confidence well below the peak of last year, it s not even close to the pre-covid levels, closer to the covid lows, which is pretty amazing. this is a telling stat despite the very strong jobs market, just 17% of consumers said business conditions were good. 24% say conditions are bad. now this is a big deal because consumer spending is the biggest driver of the economy. if people slow their spending, a
also tonight here, the secret service. how do they explain the erased text messages from january 5th and 6th? rachel scott with late reporting from the hill tonight. the coronavirus here in the u.s., and tonight this number 85% of americans now live in a medium or high-risk area with this new variant sweeping the country. what dr. jha is now saying tonight about the current booster. and how much it could help if you get this strain of the virus. matt gutman tonight. this evening, authorities in ohio now say the black motorist shot and killed by akron police had 46 gunshot wounds. what his family is now saying tonight. the war in ukraine tonight. russian forces hitting new civilian targets, and it all comes just one day after that horrific attack that took nearly two dozen lives, including a 4-year-old girl. tonight here, we hear from that little girl s grandmother, her message for the russians. there is also late word coming in tonight on the cause of death of ivana
gio benitez with news on the suspect tonight. after the prime time hearing before the american people showing where the former president was for hours, watching cable news as the capitol was under attack, tonight, the former president back in washington, talking about law and order. and his former vice president, who came within 40 feet of those rioters, mike pence, speaking today, too, a much different message. and could the former president be held accountable. rachel scott live in washington. tonight, the astonishing new discovery at lake mead. a third set of human remains now. coming in. kayna whitworth on this again tonight. the principal in uvalde suspended from her job. what a new report now reveals. what leaders in the school allegedly knew about broken door locks, about propped doors, among other concerns. mireya villarreal from texas. the new and alarming numbers tonight. the cases of monkeypox here in the u.s. tonight, the common questions. how do you get i
but american executives argue that biden should look stateside for solutions to gas prices. a controversial greeting with the saudis featuring fist bumps by biden at his senior administration officials in a contentious meeting with the crown prince. we start there tonight. jacqui heinrich is traveling with the president enjoins us from saudi arabia. hello, jackie. good evening to you, rich. president biden didn t directly respond to criticism. his fist bump the cia blames for a grisly murder was too friendly. and the saudis quickly seized the opportunity to burnish the crown prince s image, releasing video of top u.s. officials doing the same here president biden says he did not sacrifice his principles in promoting u.s. interests. after a broadly condemned fist bump, president biden said he addressed the murder of u.s.-based murder were with a man the cia says order date, crown prince. for an american president to be silent on an issue of human rights, is this consiste