factors in play, demographic factors, the pandemic through a hammer in everything. i think if they say, look, here s what we know, here s what we don t know and we re doing the best we can, i think that s trust building. any one of the cross currents in the global economy now would be newsworthy and unsetting. and there are many. and coming out of this pandemic, we tried to measure the economy, is it recession, maybe not recession. we re just trying to get back to normal at this point. we re still reacting to a pandemic, and trying to figure out where we go from here. fair question about what would be normal in 2022 and going forward because i think another thing he has to address, and you talk about this, is possible we re just in a different era, that the u.s. economy and the world economy is moving to a new place where, you know, we can t expect 30 years of low, really low interest rates. i totally agree with that. i ve been writing that for some time. i have a new b
control. the message to the markets was wow! talk about uncertainty. we knew that rates were going up. now we don t know why they re going up so aggressively and what do you see that we do not see. add it all up, all the dow 30 stocks were down. all 11 sectors that make up the s&p 500 that are a snapshot of the american economy hammered big time. again, on fears that maybe what the chairman of the federal reserve was saying today in wyoming is what he s worried about across the country. indeed the world. we re on that. but first this. blacked out but not entirely. the hely redacted trump raid affidavit is out. more than half of the pages fully of partially redacted. 25 top secret documents were removed from former president donald trump s mar-a-largo estate. so where is all of this go something we have david spunt at the justice department on reading between the lines or trying to. andy mccarthy on the fine line that the doj is walking along with john yu. the washington exam
these are live pictures from atlanta s jackson airport where you can see long security lines already forming this morning. we re tracking hundreds of delays and cancellations at airports across the country. where we re seeing those slowdowns and where the weather could impact your travel plans right now on new day. we re so grateful that you re starting your holiday weekend with us. it is saturday, july 2nd, just two sleeps away from fireworks and hot dogs and all the good stuff. thanks so much for waking up with us. good morning, kristen. good morning, boris. yeah, just two days away if you can get there as you look at all of these major travel disruptions that we re seeing this morning at airports across the united states. they re threatening to spoil the holiday for millions of americans. airports being put to the test as the number of people traveling by plane this fourth of july weekend climbs to near pre-pandemic levels. but staffing issues, cancellations and su
jacking up interest rates, raising bar owing costs. on thursday our first look at u.s. economic growth for the second quarter, another decline in gdp is expected. of course, two quarters of a loss in a row is a sign of a recession, so are we head there had? here is the treasury secretary. the labor market is now extremely strong. we are in a period of transition in which growth is slowly. we re likely to see some slowing of job creation, but i do i don t think that that s a recession. a recession is broad-based weakness in the economy. we re not seeing that now. we re not seeing that now, but here is this from someone who used to have that job, the former treasury secretary larry somers. i think there is a very high likelihood of recession when we ve been in in kind of situation before. recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a kind of triumph of hope over experience, i think we re v
quit. more than 60 million americans are under heat alerts, with temperatures expected to once again soar into the 90s and heat indexes receiving 100 degrees. newark, new jersey, hit 102, and boston hit 100 degrees yesterday. relief may be on the way for the northeast, but temperatures are now expected to build throughout the week in the pacific northwest and central plains. in california, a wildfire is raging outside yosemite national park. the oak fire it s called, which exploded over the weekend has burned more than 16,000 acres and forced evacuations of multiple towns. it s just 110% contained right now. cnn s reporter is standing by live in california with the latest on this. camilla, what are you hearing right now? reporter: hey, kate. for the first time since this fire started, we are seeing some progress, that 10% containment. it is a big deal. over the last couple of days, we ve been at sooepercent. the early morning hours, the ke cooler temperatures are really hel