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production. alaska republican senator is here to weigh in. i think a lot of us were panicking. we re trying to get through it and open different bank accounts quickly. am i nervous? no. it is backed, secured, the government is doing the right thing. i m shocked it happened. i m devastated it happened, because svb was the heart of the ecosystem for the technology and venture company world. president biden says americans should feel confident in the state of the economy, but inflation collapses are doing little to confirm those fears. hello and welcome, everyone. i m sandra smith. i m john roberts in washington. this is con america reports. businesses and the broader economy. the february report further complicating the federal reserve s big decision on interest rates. it is looming. many economists are pleading with chairman powell to tap the breaks on the rate hikes following the collapse of two may major u.s. banks. first we re going to peter who is trav ....
northeast. the heat index, the feel-like reading topping 100 degrees in new york city, philadelphia to washington. and in boston tonight, the sixth day of record temperatures above 95 degrees. at this hour, the threat of storms and flooding. ginger zee tracking it all. president biden and the major bipartisan victory tonight. signing the $280 billion bill increasing the manufacture of chips here in the u.s. we hear fromnmerican manufacturer ready to go. the major headline on monkeypox. the government planning to turn one vaccine shot into five shots, able to reach more people. steve osunsami at the cdc. the war in ukraine, and tonight, the explosion rocking a russian air base in crimea. were the ukrainians behind it? the alarming images captured by a hudz who believed his wife, a dermatologist, was poisoning him. what authorities are now saying. the company. gas prices falling. and economists now say online prices are falling, too. the first decline in more th ....
speech is the reason she lost. two years ago, i won this primary with 73% of the vote. i could easily have done the same again. the path was clear. but it would have required that i go along with president trump s lie about the 2020 election. it would have required that in-abl enable his efforts to unravel our system and attack the foundations of our republic. that was a path i could not and would not take. so cheney will be out of office come january. until then, she continues at co-chair of the january 6 committee. daniella die assist is live on capitol hill this morning. cheney is vowing do everything in her power to keep donald trump from returning to the oval office. reporter: and she chose to go down fighting donald trump until the end as you guys just noted from that speech last night, that she gave look, she is a lee term congresswoman, she voted to impeach donald trump, she is one of the handful of group of republicans who voted impeach donald trump and ....
and houston rushes out. the country that put the first man in space is quitting the international space station. the impact on future missions just ahead. but first, your money and cnn business reporter matt egan is here with us. today s consumer confidence report was the first major data point in this critical week for the u.s. economy. what did it show? simply put americans are not happy with this economy. consumer confidence dropping for a third month in a row in july. to put this into context, the lowest level for consumer confidence since february of 2021. not only is confidence well below the peak of last year, it s not even close to the pre-covid levels, closer to the covid lows, which is pretty amazing. this is a telling stat despite the very strong jobs market, just 17% of consumers said business conditions were good. 24% say conditions are bad. now this is a big deal because consumer spending is the biggest driver of the economy. if people slow their spend ....
reporter: chairman bennie thompson publicly claiming the january 6th house select committee will not refer former president trump or anyone else to the justice department for criminal prosecution. what i prefer that we complete our work and seal that work with the department of justice. and they will make that call after that. reporter: even without a referral, the justice department would prosecute. but some committee members feel those comments are premature. we have had a discussion about that. i thought we discovered that decision until we concluded our investigation, at least that s my understanding. reporter: vice chair liz cheney pushing back on thompson s statement. writing in a tweet, the january 6th select committee has not issued a conclusion regarding potential criminal referrals. despite the discord in the committee, attorney general merrick garland said he s monitoring its findings. i am watching. and i will be watching all the hearings. and i ....