officially replacing her predecessor boris johnson. we ll have a live report from london. president biden hitting the midterm trail for pennsylvania s john fetterman and critical moment for the senate campaign with questions about fetterman s health persisting. we re on trump subpoena watch. the january 6 committee prepares to exert pressure on the former president just day after being deposed in a defamation lawsuit linked to a rape allegation. good day to you, i m peter alexander in for andrea mix will. we re following breaking news. liz truss is out at 10 downing street just about six weeks after receiving permission from queen elizabeth to form a government that immediately took a political nosedive thanks to a series of economic measures there that roild the markets through inflation into overdrive and turned british public opinion sharply against her. truss conservative party is expected to name a replacement within the next week. and in just the last hour from the
the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i m wolf blitzer, you re in the situation room. wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve s afternoon announcement about interest rates and future economic conditions. lit s bring in poppy harlow. it was wild. swings of 600 points. some of them hundreds of points within a minute. the dow industrials in the last hour of trading, ridesing more than 300 points. this is a very good sign. it is the exact opposite of the selloff we saw on monday. it s encouraging that we re seeing investors coming in at the end of the trading day, buying up stocks in droves, saying i m willing to hold these stocks overnight. that is a very good sign. and just to give you some indic
good morning. it is thursday, july 14th. this is your a.m. wakeup call. here s break is news. we just learned that british police have made an arrest in that scandalous phone hacking case that brought down that is bringing down parts of rupert murdoch s news empire. i ll get you more on that in just a moment. i wish i could say there s big news about the debt ceiling talks. i can t tell you that. there s more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn t go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don t call my bluff, eric. and then he walked out a few minutes later. president obama said all along he d veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that de