the cap on the $2,000 cap on prescription drugs for seniors, gone. tax credits to lower energy bills, gone. corporate minimum tax, gone. president biden making a case why democrats should remain in power next year. we enter the final stretch of the campaign. meanwhile, the majority leader in the senate is caught on a hot mike giving a blunt assessment of several key races. and elon musk now owns twitter. let that sink in. the billionaire brings a meme to life and already showing top executives the door. good morning. welcome to way too early on this friday, october 28th. thank you for starting your day with us. joe biden is promoting efforts to bring more jobs and manufacturing across the country upstate new york. in syracuse yesterday, biden showcased a major investment by micro chip manufacturing company micron. touting the $100,000,000,002 decade commitment. the deal is set to bring 50,000 jobs to the state which will pay an average of $100,000 a year. the president
since that does seem to be a premier issue. jacqui heinrich on what the latest polls are saying. she s at the white house. hi, jacqui. hi, neil. the first glass, today s gdp report looks good. considerable gain from the first and second quarters of negative growth. that 2.6% is driven in large part by government spending and increased exports. experts believe that those could drop off in the fourth quarter. also, another warning sign. if you look at all three quarters together, the growth is only .4%. which is extremely slow. more over, consumer spending is slowing down. that makes up almost 70% of the u.s. economy. so maybe not on the whole as good as it looks at first glass. the president thinks things look fine. great economic report today. things are looking good. despite that optimism that the job market is strong and a recession is not inevitable, voters are pessimistic. a u.s. a today poll shows 2/3s say the nation is already in a recession or depression. 10% say
screen, developments in great britain right now. the very future of boris johnson, the prime minister that is under duress, if you look at it that way from his own conservative government, 359 members that are voting whether he should stay in power or that they have lost confidence in him. we should know the results soon as the leader of the torres goes, someone else would have to take over. who that next person would be. the unlikely that this happens is anyone s guess. even if he survived this vote, there s no guarantee that he won t still be wounded political bait. so we re watching that closely. we should know of his fate shortly. meantime, here, we re also keeping an eye on what s happening on the inflation front, which is now running out of control. gas prices hitting another record. the administration now focusing on this and not quite the way you d think. mark meredith has more from washington. mark? hey, neil. good afternoon. gas prices are breaking records on a ne
American people are heard. In fact, Peaceful Protest is in the best tradition of how americans respond to consequential issues. But but neither are we a lawless country. Were a Civil Society and order must prevail. That was President Biden addressing the protests on College Campus for the first time. Well have more on his message and the latest on the demonstrations across the country. Plus well go through the ongoing ceasefire negotiations between israel and hamas, which appear to be moving on trumps Hush Money Trial. Well recap the key moments in court yesterday. All right, good morning. Welcome to Way Too Early on this friday, may 3rd. This friday, congratulations, we made it. Im sam stein in for jonathan lemire. And well begin this morning with order being restored to uclas campus. Police arrested more than 200 protesters from an encampment. Officers in riot gear swarmed a University Early yesterday morning confronting protesters and dismantling the eencampment. The clash lasted se
It faces fierce domestic competition in china along with softer demand. Remember, tesla is not just a car company. It is an Autonomous Driving and robotaxi company with massive amounts of data needed to train its algorithms and fine tune the system. Meanwhile, apple has seen iphone sales fall in china and that will be in focus when it reports Quarterly Results after the us market close on thursday, as will any announcement it makes on Artificial Intelligence. Another stock that has the power to move markets this week is amazon which turns in its report card later today. The tech giant is under under pressure to pay shareholders a dividend. It is the only Big Tech Firm that doesnt after alphabet did it last week. Traders are also keeping a watchful eye on the Federal Reserve chairjerome powell. The muddled Inflation Picture has some asking if rate cuts have been cancelled or delayed. The fed is expected to leave Interest Rates unchanged when its Policy Meeting ends on wednesday. As we m