Good morning, welcome to cnn this morning. Great to be with you. So glad youre here. Thank you for being here. Im amara walker. Thank you for waking up with us at 7 00 this morning. We do begin with some very tragic news and the devastation in hawaii. Officials now say at least 80 people are dead. That number is expected to rise. The search teams continue to comb through the destruction. Now hawaiis Attorney General is ordering a review of the states response. And today more republican president ial contenders get ready to make their case to voters at the Iowa State Fair. Well have the latest as the candidates kick their campaigns into high gear. Plus lays down the law to President Trump during a contentious hearing. Shes putting the former president on notice about any fu future inflammatory language or intimidation of witnesses. We begin with the grim news from hawaii, where those devastating wildfires have now claimed at least 80 lives. Officials warn the death toll will likely rise
over 3% in december. we spoke to investment manager shanti kelemen. she told us the fall in shop prices is a positive development, as the bank of england weighs up when it can start cutting the cost of borrowing. i think it s absolutely good news. i mean, one quirk of psychology is that even though inflation isn t going up because prices arejust sort of constant, it might not feel a lot better because the price is still higher than it was two years ago. with the changes and how people are expecting the future to unfold, the interest rates people pay our mortgages have already fallen a bit, similarly the rates the government is paying for borrowing are also coming down a bit from last year, so that in itself will provide a little bit of relief, even before the bank of england changes interest rates. but will that downward trend in shop price inflation continue? we all know about the supply chain disruptions in the red sea. and the picture could be further complicated from toni
meaningful, i think then certainly we will have a huge reaction in the market. but for now, i don t really see anything more meaningful coming into the market. so anything more meaningful coming into the market. into the market. so we have reached the into the market. so we have reached the halfway - into the market. so we have reached the halfway point i into the market. so we have reached the halfway point of 2023. how would you describe the health of the global economy? the health of the global econom ? . v . economy? that s an intriguing question- economy? that s an intriguing question- i economy? that s an intriguing question. ithink economy? that s an intriguing question. i think throughout l question. i think throughout this year, central banks and lawmakers and policymakers have been very much focused on taming inflation, bringing inflation under control. and a lot of these banks have failed to bring inflation to the target level, which is still running quite
leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the feds
going to happen. dana: that s true. jesse: what did he say? bret: good evening. i m bret baier, breaking tonight. blame game over the southern border intensifies as the migrant surges. the biden administration is pointing financingsers at republicans saying the g.o.p. is are rejecting throtion add more agents. this comes as democrats call on the white house to do more. as homeland security secretary alejandro mayorkas faces a republican-led impeachment effort over dereliction of duty we will speak with secretary mayorkas live in moments. bill melugin is in eagle pass, texas again with the latest on the ground and we begin with white house correspondent jacqui heinrich live from the north lawn. good evening, jacqui. jacqui: good evening to you, bret. right now the white house and the house are not talking. even as a bipartisan group in the senate tries to work out a border policy reform deal they hope could also pass the lower chamber and unlock funding. and right now