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taiwan there is what growing speculation that she will visit taipei as soonest tomorrow. of course that s not sitting well with beijing because it views the independent nations as its territory. chinese foreign minister terry spokesperson is making it abundantly clear there will be serious consequences if that visit goes ahead saying we would like to once again warned the united states that we are fully prepared and solemnly waiting to bear the people s liberation army will never sit by idly and if nancy pelosi insists on visiting taiwan as for what measures exactly, we will take and see if she dares making the visit. you know i think about, this doesn t have to happen in my view. this be the first time in 25 years you d have a house speaker visit, the biggest visit of united states official going back to 1987. it s an porton it happens because a verbal commitment was made and we must show strength. and you think about all of the foreign policy debacles we ve had st ....
plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. there s a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be in a recession. joining me to talk about all this, white house national economic director brian dees. good morning. thanks for taking the time this morning. happy to be here. two consecutive quarters of negative growth. every period since 1948 of two straight negative quarters of gdp has coincided with a recession. in every prior recession in the united states, we have lost jobs. and over the course of the year we have gained 2.7 million jobs. the unemployment rate is 3.6%. there s o ....
on this new day, justice has been delivered. president biden announcing the leader of al qaeda, the world s most wanted terrorist has been killed in a drone strike. and nancy pelosi is set to visit taiwan amid escalates threats from china. and dozens of people are dodd and hundreds more missing in rising water on the way. plus, a january 6 rioter who was turned in by his son handed down the longest insurrection sentence today. his son joins new day, ahead. good morning to viewers here in the u.s. and around the world. it is tuesday, august 2nd. one of the master planners behind the 9/11 attacks is dead. president biden said ayman al zawahiri was killed by a precision drone strike in afghanistan. he was bin laden s trusted lieutenant and took over al qaeda s leader after bin laden was killed in 2011. biden said the strike that took out al zawahiri was the result of extraordinary persistence and still by u.s. intelligence. zawahiri was targeted when he stepped o ....
Unintended consequences. so, yes, lots of concern there, i think, about her safety. but that hasn t swayed her. you saw her defiance to the january 6th rioters as well. you know, nancy pelosi is somebody with a pretty like her politics or not, somebody with a pretty stiff spine. and yes, there will be geopolitical repercussions from this, during her visit and afterwards. but, you know, i think in her mind, standing up for our democratic ally in taiwan is worth it. susan, do you think this is all bad for the biden administration? what i mean by that is, they say the military thinks it s a bad idea for nancy pelosi to go. she says i m going anyway. they re on the record dissuading her, but then the u.s. also sends this message of nancy pelosi being able to go and being the highest ranking official who has gone. ....
Blustering rhetoric has stopped this trip from happening and at the same time president biden has said she would prefer she not travel now either. president biden will say what you see from the outside may not be how it operates internally. when the chinese say to the american political system in effect, look, we are threatening you saying there will be repercussions if nancy pelosi comes to china, that may seem as if it s going to make it harder for nancy pelosi to go. in fact, as joe biden is likely to be telling xi jinping right now, that narrows the options and makes it harder for nancy pelosi to change course because now it looks like it s a climb down against chinese pressure. what he likes to point out is internally we have a lot of dynamics, not just because nancy pelosi and joe biden are ....