raising interest rates five times this year to combat inflation. and even with this new report, economists say people should still be bracing for the possibility of a recession in tough times ahead. so let s get to the new report and what it means and what is it doesn t. matt egan is here. and what does this good news say about what is next? well, kate, not that much. this is a rearview mirror number. it is a snapshot in time. we know the economy got knocked down in the first half of the year, but it got back on its feet this summer. gdp rising 2.6%. that is solid. consumer spends slowed but it is still positive. i think that this should silence the argument that the u.s. economy is already in recession. right. gdp is positive, the jobs market keeps chugging along. new numbers show that initial jobless claims which is a proxy for layoffs, they remain low. at pre-covid levels. how you could have a recession if you don t have playoffs. this is so confusing. because the ec
top of the hour on cnn newsroom. so good to have you. i m victor black well. i m bianna. less than two weeks until election day and new twists may shake up some key races. in georgia where the tied u.s. senate race could determine which party will have future control, republican candidate herschel walker is facing a second allegation that he paid for an ex-girlfriend s abortion. walker is calling this a lie. the unnamed woman says she is an independent who voted for donald trump and was walker s mistress in the early 90s. he has taken the position that he is, quote, about life, end quote, and against abortion under any circumstances when, in fact, he pressured me to have an abortion and personally ensured that it occurred by driving me to the clinic and paying for it. and in arizona, phoenix police say they ve made an arrest at a democratic candidate s headquarters specifically here, we re talking about the campaign office of ka ka katie hobbs, the democratic nominee
inflation that is not going down significantly. we will have the latest on the midterms including a fallout from all this week s debates. but, first up, the preelection economy where it stands. white house correspondent jackii heinrich starts us off from the north lawn. good evening, bret. the president is in syracuse touting the biden administration investment and praising today s economic report. the data is not what it seems on the surface. great economic report today. the g.d.p. report. things are looking good. at first glance today s g.d.p. report suggests the u.s. economy is turning around after two consecutive quarters of negative growth. but a closer look shows the 2.6% growth was driven by flux yaptions in international trade, not reflecting the underlying health of the economy and increased government spending. economists think both will drop off in quarter four. moreover, consumer spending is slowing as inflation climbs faster than wages. moody s chief econom
border. dickerson: the economy and inflation. monthly jobs numbers remain strong, but higher prices are already impacting the holiday shopping season. carter evans has what you need to know. and, on the road. cbs steve hartman has the story of how a small act of kindness changed a community forever. this is the cbs evening news with norah o donnell, reporting tonight from new york. dickerson: good evening to our viewers in the west and thank you for joining us. i m john dickerson in for norah. tonight, president biden warns the world that we are closer to a nuclear conflict than at any point since the cuban missile crisis in 1962. the white house advised there is no new information that russia is planning an imminent nuclear attack on ukraine, but the president s remarks demonstrate that the u.s. is taking vladimir putin s threats seriously, especially as events continue to turn against him in ukraine. russia s military continues to lose ground, and russia is l
his reign, as the world watches to see what kind of leader he might be. and in the u.s., pressing for answers in uvalde, texas. cnn asking the state s top law enforcement officer why did he allegedly say no one is losing their jobs over the massacre at robb elementary? his answer you ll only see here. welcome to the lead. i m jake tapper. we start today with our world lead and the first full day on the job for king charles iii, as the world mourns the death of his mother, britain s longest reigning monarch. he addressed the nation and the world for the first time since queen elizabeth s passing. as the queen herself did with such unswerving devotion, i too now solemnly pledge myself throughout the remaining time god grants me to uphold the constitutional principles at the heart of our nation. that address was followed by a sarceremony of remembrance wh god save the king was officially sung. earlier today, upon returning to london, king charles and his wife camilla