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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgag ....

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CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024

rejecting a special master. a filing that included this, a striking photo of highly classified documents found at mar-a-lago. among trump s arguments, an admission that there were classified documents there. but that was to be expected among presidential records. no big deal. and should not have triggered an fbi search. joining us now, legal analyst loni coombs. so nice to see you. thanks for getting up our staying up late for us. so lawyers for the former president, they are,ing that it is the justice department that is unchecked and that these highly classified documents stashed away at the president s resort are no big deal? yeah, this is a really interesting reply brief. it was supposed to be a reply to all of the very strong arguments that were made by the department of justice in their response to this request for a special master. but instead it really read more like a pr statement, you know, going after the fbi and the doj as usual saying that they are uncheck ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

a major energy and health care bill that could breathe new life in his agenda. he urged congress to act quickly and pass it. the fact is that my message to congress is this. this is the strongest bill you can pass to low eriner inflatio tackle costs, and promote energy security, all the time while reducing the burdens facing working class and middle class families. manu raju is on capitol hill for us. manu, how did this come together? reporter: over the last few days, these negotiations between joe manchin and chuck schumer have picked up behind the scenes. in mid-july, the talks broke off for a little bit of time after manchin saw the june inflation numbers about 9%. he came out, he was concerned about it, he indicated he did not want to move forward on climate and energy provisions and tax provisions. at that point, schumer said they could agree on potentially a narrow health care bill. but things changed over the last several days. manchin told a group of repor ....

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CNN CNN Newsroom With Fredricka Whitfield July 7, 2024

reduction act, would be the largest investment in energy and climate programs in u.s. history. for the first time it would give medicare the power to negotiate prescription drug prices, cap medicare out-of-pocket costs at $2,000, and extend expiring health care subsidies for three years. but before any of that happens, it must get approval from the senate parliamentarian to proceed with a filibuster-proof reconciliation process, allowing democrats to pass the bill with just 50 votes. cnn s jessica dean is on capitol hill for us. jessica, where does the bill stand right now? reporter: well, now we are sitting around and waiting for it to make its way through this very complex budget procedure that you just kind of outlined there, frederica. but what we are anticipating is that the senate will gavel in in about an hour around noon. from there, they re going to they have to kind of get through all of these procedures. so what we ve learned in the last couple of hour ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto July 7, 2024

frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. again, none of this suggests an imminent or ongoing recession. but here is the pr ....

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