Is cnn Breaking News good Morning Everybody you, are live in the cnn newsroom. Im Jim Acosta in washington. We begin on Wall Street just moments ago, the dow opened down more than 1,000 points fueling fears of a recession amid a global market meltdown, they could stop trading on Wall Street for the first time since the pandemic because of all of those already japan and Stock Market suffered. Its biggest one Day Loss ever nosediving 12 . Join me now to talk about this as kpmg chief economist, Diane Swonk Dianne phillipson, why do you think this is happening right now . I mean, a lot of this i guess is a reaction to the fed im not cutting Interest Rates. A lot of impatience with that, but this sounds, it looks a bit more serious than that. Whats going on well, uncertainty is our worst Enemy And Panic is the ultimate uncertainty out there. And thats what were seeing. The fed did discuss a Rate Cut last week when they met after that July Employment report came out. My guess is theyre feeli
Contributing to the Success And Growth of our business im Paula Reid in washington and this is cnn good Sunday Morning to you. Welcome to see it in this boarding, 4 July Break is coming to an end. Youve had your fine. Youve had your burgers and your fireworks. Its time to head home and have back to work and we are happy to do so and kick off this week with you. Im Veronica Miracle in for amara walker. Heres what were working on for you this morning. Under pressure, President Biden heads to Pencil Vga Today as hes facing more calls from within his own party to drop out of the 2024 president ial race. Were live with how he plans to make his case. To concern voters, millions of people in texas are bracing for Tropical Storm barrels catastrophic Storm Surge and Hurricane Force Winds Meteorologist at least so rafah is here to track the Hurricane Warnings just posted this morning. Im flattened homes and burned down buildings for the first time cnn isnt a devastated city we have rafah, what o
Stuck about how to pay for it. Democrats want to finance the Infrastructure Plans by expanding the Enforcement Powers of the irs so that the agency can collect an additional 100 Billion in unpaid taxes. Republicans are not onboard with that plan. Believe it or not. Which would involve making rich people actually pay their fair share of taxes. Senate Majority Leader Chuck schumer says the senate will hold the vote on the bipartisan bill on wednesday. Meaning that for the first time in a long time it could actually be Infrastructure Week in washington. Your former president used to promise those regularly. Meanwhile, senate democrats appear to be better poised to push forward the larger 3. 5 trillion bill without republican support. In contrast to the bipartisan plan, this plan focuses on the countrys Human Infrastructure. And party priorities like subsidized kid childcare. Elder careo care. Universal Prekay And Litany of climate initiatives. Needing the support of all 50 Democrat Senato
Legislative battle. There is a reasonable path to citizenship. But the president s more moderate politics on display on other issues. Send a note to President Biden because the answer is we can do it right now. This is new day weekend with Victor Blackwell and christi paul. A live look at the City Of Dallas this morning. And you know that they would be dealing with some rough weather across the state of texas. This morning, millions of people in the state are waking up to below freezing temperatures again, after brutal storms hit the state this week. Power has been restored to most of the state. But more than 14 million texans either dont have Running Water or have to boil the water that they do have. Officials say it could be days before the issue is resolved. Its good to see the power on there. Its crippled the state. Shut down coronavirus site that killed more than two dozen people. Temperatures are expect to rise amid all of the snow and ice. Cnns natasha chen is there. We know the
This era of covid. Speaking of dr. Fauci what does he have to do with modern dating . Raymond arroyo explains that in friday follies. But first why this day matters . Thats the focus of tonights angle. If youre like me, you probably every now and then think back on what things were like just one year ago. Think of how many things have changed in the past year. A year ago, we had a booming economy. We had strong borders. And a whole host of rights and privileges that we took for granted like the right to travel without being surveilled and questioned. The right to worship without restrictions. The right to have your kids attend school. The right to speak freely on most social media platforms. The right to walk in the park or anywhere without a mask or two or three on your face. The right to visit loved ones in hospitals and nursing homes. But the arrival of the chinese virus followed by the idiotic lockdown policies of Blue State Governors and then, of course, defeats of donald trump le