an isis inspired attacker killed eight people in new york city. russia launching deadly missile strikes hours after the u.s. pledged to send tanks. our team on the ground. my conversation with the ceo of southwest airlines as the transportation department launches an investigation into the airline s meltdown over the holidays. i ask him, did southwest deceive passengers? the asteroid the size of a delivery truck having a close encounter with earth tonight. grin and bear it. the selfie snapper and one wild photo shoot. this is nbc nightly news with lester holt. memphis, tennessee, awaits tomorrow s release of video that officials say will underscore why they have moved to charge five former memphis police officers with murder. they are accused of being part of a violent confrontation earlier this month that led to 29-year-old tyre nichols being severely injured. it happened after a traffic stop. he died from his injuries a few days later. the d.a. saying the acti
federal reserve. bill: that is only more bad news for americans trying to pay for gas and groceries. it comes after opec slashed oil production. the economy seen as the achilles heel for democrats in november. the president now admitting there may be more pain on the horizon to come. should the american people prepare for a recession? president biden: i don t think it will be a recession, if there is one a very slight one. aishah hosley live from the state department and we ll begin with edward lawrence on the north lawn of the white house. we hear the beep, beep, beep of messaging here at the white house. not the construction truck over there. the president a year ago was saying we won t have a recession. and then about three months ago the president ended the message out of the white house was a recession will not be likely. now we re hearing a recession is possible but still could be shallow. listen to the president. you just said a slight recession is possible
ppi tracks the prices that producers pay for their goods. it shows wholesale inflation jumped by.4% in august. double from august, double the forecast. with that september increase, the ppi is up 8 1/2% over this time last year. tomorrow we get the overall inflation picture with the consumer price index report for september. with the ppi higher for producers, it will be higher for us to buy stuff, too. we brace. a grim outlook, too, from the international monetary fund. the agency s chief economist looks at this issue all around the world. and here is what he said. the worst is yet to come. for many people, again this is all around the world, 2023 will feel like a recession. while we re in one, the rest of the world will feel it, too. however, here is president biden. president biden: i don t think there will be a recession. if it is, it will be a very slight recession. it is possible. look, it s possible. i don t anticipate it. what i do think, look, we talk about the im
during that search. first though, we do want to begin with former white house counsel pat cipollone. his deputy appearing before a january 6 grand jury today. evan perez is outside u.s. district court in washington. this of course separate from the investigation to the handling of classified documents. this relates to january 6th. how significant is the testimony of cipollone and his deputy? reporter: jim, this is a very important testimony that we re going to get from the that the grand jury is going to get from pat cipollone and patrick philbin. these are two men who are inside the white house counsel. they were in a lot of the meetings that the president was organizing, as he was trying to overturn the election. he was trying to find ways to remain in power. and the importance of this grand jury is that this is the grand jury that is going beyond the 850 rioters who have been brought here and are facing charges for the violence that happened at the u.s. capitol. this
helping to drive an annual gdp rate of 2.9%, better than expected. more good news. lower than expected weekly jobless claims. the unemployment rate remains at a 50-year low. the economy is slowing. i think we are living in two worlds. the world of the present, which has pretty strong economic growth right now. we are living in the future, which is a future of a really lackluster, lame forecast of a stalling economy. reporter: in virginia today, president biden was highlighting the good news. wages are up. they are growing faster than inflation. reporter: the solid stats come even as the federal reserve has made borrowing more expensive. hiking interest rates seven times to tame inflation. while inflation is cooling, ibm and dow are among the latest to announce layoffs, even as walmart raises its minimum wage by $2 to keep workers. in chicago elaine s