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our viewers joining us in the united states and around the world. and just ahead on cnn news room former vice president mike pence testified before a federal grand jury on thursday for more than five hours. latest numbers show that the u.s. economy grew at an annualized rate of 1.1% in the first quarter of 2023. never in a million years did i imagine that as american citizens my parents would be left to fend for themselves in a warzone. live from london, this is cnn newsroom with max foster and bianca nobilo. it is friday, april 28, 9:00 a.m. in london, 4:00 a.m. in washington where it is another first for donald trump. like most of the others, it is not a good one. never before in more than history has a vice president been compelled to testify about direct conversations with the president he served. that is the situation mike pence found himself in on thursday before a grand jury. katelyn polantz has the details. reporter: former vice president m ....
west and winter storms out east. and now, rite aid and how the drugstore is being accused of fueling the opioid epidemic. this is what we are watchingt that hour. thank you for being here, i m kate bolduan, and we are beginning with the turmoil, the fallout, and the wild ride that has already been this week since the abrupt collapse of silicon valley bank. and the federal reserve is looking at the oversight of the bank and what went wrong and who missed what. the regional banks are bounce back after confidence of the institutions were shaken yesterday. this is how the stocks are performing right now. that is not all that is shaking up the economic picture this morning. we got the latest read of inflation. the government reporting that inflation fell for the eighth straight month in february. matt egan and john solomon joining us u no. matt egan to you, what are we seeing? we are seeing that the pressure is easing here, and the fact that the regional bank shares fe ....
Good morning to you all. Welcome to cnn this morning. Im amara walker. And im victor black well. So good to be with you. Tropical Storm Warnings are in effect this morning as lee is downgraded from a hurricane to a post Tropical Cyclone. New england starting to feel the impact of the massive storm. Boston logan is experiencing a spike in Flight Cancellations. So far, 25 of flights leaving boston have been cancelled. Thats according to flight awe ware. Lee is not expected to make landfall, but coastal cities can can expect powerful 50 to 60 mile per hour winds from outer bands of the massive storm. Heavy rain and storm surge could cause flooding along the n nebraska coast. Authorities are telling people to prepare to hunker down as the storm pushes north through the day. Lee is also expected to cause dangerous rip ....
Coverage of national and international news, including breaking stories. Going on here. The president tweeted over the weekend hes willing to shut down the government if he doesnt get the money for the wall and some bigtime immigration reforms. In the process, he may force Republican Leaders, thats his own party, and candidates into a fight they dont want to have, particularly with these midterm looming. But we know it is an issue that has been at the top of the president s agenda since he launched his campaign. Something he made clear again during his weekly address. We must enforce the rules against visa fraud, illegal overstay, Illegal Entry and other Immigration Violations and crimes, and crimes they are, believe me, crimes they are. The president is calling for several things. He wants at least billions m ....
Slowing economy, it is how and where the economy is slowing that could give us a sense of what is ahead. mark zandi from moody s telling me thursday usually it is the consumer that pulls back and the businesses respond. this go round the thing that feels a little uncomfortable is if we go into a recession, it will probably be businesses pulling back and forcing consumers to follow. and in other words, businesses pull back, stop hiring, layoff workers and thus spark a recession. all eyes now on the federal reserve, it meets for its next policy meeting next week. and zandi expects another rate hike but they have enough evidence to a slowdown so it could mean an end to the rate hiking cycle. still ahead, south korea s president addresses the u.s. congress warning that the countries must present a united front against threats from north korea. and after 20 years in the u.s., a giant panda is back at ....