racing to protect the flooded town where thousands had to evacuate plus, president biden hours away to sign an order reducing gun violence we will talk to brandon tsay, the man that disarmed the gunman former president trump in iowa tears into florida governor, ron desantis we will play for you what he had to say we begin this hour with breaking news. the wall street journal now reporting that the justice department and the sec are now both investigating the collapse of silicon valley bank according to people familiar with this story. nbc news has not confirmed the report at this time. meanwhile, new data we just got in hours ago show that inflation increased 0.4 of a percent last night, and prices for key essentials are high. milk, eggs, butter, chicken and coffee cost more today than they did last year. the report coming one day after the government took emergency steps to prevent a major banking meltdown after the collapse of these two major banks. president biden
here. stick around to see meaningful space speak mode to learn everything you need to know about the artemis 1 launch. then, for decades, the antiabortion movement had most of us convinced we were living in a so-called pro-life country. let s just marketing. a fall, overall americans are learning the truth about abortion. spoiler, alert abortion rights are popular. how we got to where we are and what it means for this year s elections, ahead. velshi starts now. good morning, it is sunday august 29th. i am ali velshi. for about a full year after donald trump left the white house, 184 unique classified documents totaling more than 700 pages of valuable intelligence reflectivity u.s. government was sitting at his palm beach resort in mar-a-lago. that batch was recovered in january of this year. since, then the national archives in the justice department have received even more classified material from trump this state. including, during a search of mar-a-lago three weeks ago. so
schumer. cnn will bring you the president s remarks when they begin. let s start with the new gdp report. with me is matt egan. walk us through the report, the numbers, what you see. so broadly consumers were still spending. it is a slowdown for sure but overall that was a positive contributor to gdp. on the other hand, government spending slowed down. when we look at where consumers are spending, it s an acceleration of what we ve seen. we spent less on physical items. services, however, think airfare, which is why airports are so busy these days, hotels and restaurants, that really accelerated. business spending declined and inventories, which we have been hearing from a lot of retailers for sure but also other companies they are trying to move out their inventory, there has been a mismatch of what they have. that was reflected here, too. i think to put it simply, it is clearly showing a slowdown. matt, this is you ve written a lot about this. this is one of the big i
For the very first time ever, republicans have successfully ousted a sitting speaker. Kevin mccarthy only serving for 269 days. His speakership undone by eight republicans. The ripping off of the bandaid. Thats what we need to do to get back on track. I do not regret negotiating. The government is designed to find compromise. The era is definitely over. Theyre in total disarray. They need time to figure out whats next. I think the American Public understands what were doing and fully support it. President biden is going to aim to strike a tone of business as usual. The house cannot do anything until there is a speaker elected here. Good morning from washington, d. C. We are live outside the capitol. The House Of Representatives is paralyzed after Kevin Mccarthy became the first speaker in the history of the chamber to be removed. That Means Congress cant do its job for the American People and no one is running the show, at least not officially or formally with weeks left to prevent a G
financial crisis, the banking system in the country has never been more conservative from a top line level across the industry certain individual-type of stories like with silicon valley bank and signature bank can erupt, and the nuance lost in the conversation, josé, is the fact that we talk about the rise of interest rates and how it damaged the value of collateral, and that wouldn t have been a problem if there was not a run on deposits. the reason why these banks had to sell certain assets at a discount, at a loss, is because they had to make good on a deposit request from customers whenever there s a regulatory review of what happened, it s going to have to look at as well what the contributing factors were to why people all at once decided they wanted their money