quicklx the fed has tightened policy quickly. a increase in excellent bit over a year and that excellent bit over a year and that is excellent bit over a year and that is huge, historically it s a enormous increase and i think is a lot, a enormous increase and i think is a lot, there is one view that is a lot, there is one view that the is a lot, there is one view that the fed should wait to see the impact of what they have dona any break may be short lived. us inflation is still running well above the fed s 2% target. so the pain from higher borrowing costs to companies and to consumers is likely not over, according to diane swonk, chief economist at kpmg in the us, who believes the fed will raise rates again injuly. pauses not at an end. we have seen pauses not at an end. we have seen the pauses not at an end. we have seen the fed play overgrown with seen the fed play overgrown with words like skip they don t want with words like skip they don t want to
a federal indictment of donald trump could be eminent. nbc news confirms the doj told trump s lawyers and he is a target of this classified documents investigation. moments ago, a key prosecutor in the special counsel s office was spotted at the miami federal courthouse. so is that probe rapidly reaching its conclusion with the former president smack at the center? plus loyal no more. mike pence kicks off his 2024 bid with his strongest rebuke of trump yet. president trump also demand ed that i choose between him and the constitution. i chose the constitution. and i always will. we will have a live report from the red hot campaign trail. and more than 120 million americans enveloped by dangerous wildfire smoke. postponing national sports games, canceling school activities and prompting delays and ground stops at multiple airports. the transportation secretary will join us and have more on how to stay safe and when relief could come. just a few minutes ago, senior sp
hi, nicolle. i only ask of you one thing, and we make no predictions. i just ask that you don t go on vacation or stay near your phone or facetime and broadcasting abilities, okay? i feel like the whole summer is potentially hazardous for vacation planning. i haven t totally broken this until this moment on live tv to my family but i feel like between jack smith and willis it s dicey. to your family and everyone, we say, that s a little bit of personal breaking news. good to see you, nicolle. have a good show. thank you. our thanks to our colleague nicolle. welcome to the beat. i m ari melber. while we try to do it all with good spirit, ace mentioned, there is a lot going on. facts and precise aspects of what we know, because we don t know everything and don t know the future. here s something i know, it will be a pretty packed broadcast. donald trump s number one aide during the insurrection in the classified documents handover, chief of staff mark meadows just w
feeding realtime information to the houthis as iranian-backed group target ships in the red sea in an attempt to disrupt shipping and military traffic. i m jacqui heinrich. griff: i m griff jenkins. hour two here we go as the war wages in northern gaza despite calls for humanitarian pause. greg palcokk in tel aviv. down south in gaza some very rough battles as we will continue to pound various hamas targets today saying it has killed a top weapon smuggler for the group. they are zeroing in on the headquarters in the south and trying to finish off strongholds in the north where miltants have been holding on. despite widespread devastation, israel not altering its approach after yesterday s resolution in the un security council calling for humanitarian pause. that was toned down a bit after the u.s. go along with abstention, critics say it s not strong enough to get sufficient aid to gaza as houthi fighters continue attacks on international shipping in the red sea, we just go
let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk economy is