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CNN New Day With John Berman and Brianna Keilar July 7, 2024

president biden in south korea as north korea appears to be on the verge of testing a missile. and did a republican lawmaker lead a tour of the capitol complex on the eve of the insurrection? plus new cnn reporting this morning on rising tensions among conservative justices over roe v. wade. and u.s. health officials sounding the alarm on a new covid wave disrupting american life. we will get answers from the white house coronavirus czar. good morning to viewers here in the united states and all around the world, it is friday, may 20th and just a short time ago president biden speaking in seoul, south korea, kicking off his first visit to asia since taking office. biden joined the new south korean president yoon seok-youl at a samsung semi-conductor plant. the main goal of this trip is to reassure america s asian allies of u.s. s commitment to counter and contain china. the president will also visit gentleman on this trip. there is growing concern over what ....

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

top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because b ....

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

reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in ....

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CNN New Day With John Berman and Brianna Keilar July 7, 2024

nearly two years, the dow dropped nearly 1200 points, it came after target reported a huge 52% drop in profits for the first quarter, walmart slashed its outlooks. these stores are pocketing less money because they have to pay so much more to get product on their shelves. wal walmart s stock fell more than 11% on tuesday, the company s worst day since 1987. and then of course there are also gas prices to talk b now above $4 a gallon in every state in america for the first time ever. the national average this morning $4.52 a gallon and climbing and that ripple effect is now hitting markets around the globe. overnight european markets opening lower, stocks also tumbled in asia after wall street s hellish day. inflation fears now depressing investor sentiment, many ceos publicly stating their concerns about a possible recession, something fed chairman jerome powell is keenly aware of. what we need to see is inflation coming down in a clear and convincing way and we r ....

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

cnn newsroom. i m alison tamaroa. thanks for staying with us. we have breaking news on the january six committee. they are investigating a tour of the capital given by republican lawmakers on the eve of the insurrection. let s get right to cnn s ryan nobles on capitol hill. tell us breaking news, ryan. that s right, victor and allison. we are just getting this information in right now from the january 6th elect committee. what they have done is sent a letter to congressman barry lowe or milk of georgia. they are asking for information that he may have about two errors that were given on january 5th, the day before the january 6th capitol insurrection. this letter comes after more than a year ago, democratic members of the house refused republican lawmakers of giving tours to individuals that were in the capital on the days leading up to january 6th. they then may have been a part of the insurrection after the fact. in this letter that was written by the select com ....

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