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Transcripts For CNNW CNN 20240704

Kremlin is dragging out the war, waiting to see what happens in the 2024 u. S. President ial election. Cnns new reporting is straight ahead. And political Collision Course Donald Trumps legal calendar filling up just as the race for the republican nomination is heating up. After trumps third arraignment yesterday well show you why he hopes the Supreme Court can throw him a line. A Major Development in the gilgo beach murders investigation. Police say theyve identified a victim whose remains were found nearly three decades ago. Were following these stories and many more coming in right here to cnn news central. A brazen drone attack on the black sea and a potential warning to russias navy that more could be on the way. Look at this video obtained by cnn. It appears to show a Ukrainian Unmanned sea drone approaching a landing ship at a Russian Naval base. The video shows the drone inching closer and closer until you see there, the camera cuts off, likely the moment it hits and the ship e

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Transcripts for CNN CNN News Central 20240604 17:40:00

let s talk the numbers and more with chief economist for moody s analystics. thanks so much for sharing part of your afternoon with us. this jobs report seem to show the fed is threading the needle here. the job market appears to be cooling, inflation cooling. what does that mean for a potential rate hike? you re right, boris, it was a near perfect report. the fed is threading the needle. they re raising rates high enough, fast enough to slow growth, quell inflation, get it back in the bot, but not raise rates so far, so far that it undermines the economy. it s a pretty tricky thing to do, and historically they haven t done it very often. they seem to be pulling it off now. things are sticking roughly to script. we are going to see continued slowing in growth and i think inflation will continue to come in. i think the fed s job is done here. i don t think they need to raise

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