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finally official. kevin mccarthy is the new speaker of the house after 15 hard-fought ballots and some serious late night drama. and a good saturday morning to you, i m katie fang, let s begin today s show getting caught up on how we got here. it started with the 14th vote late last night mccarthy managed to flip more of the hard-line republicans needed to win the speakership. but came up short one matt gates voted present. that led to a tense conversation on the house floor between the two men, and our show of visible frustration from mccarthy. and watch this. republican congressman mike rogers approaches matt gates to see something and a colleague pulls him back by putting a hand on his face. the moment showing how much anger was boiling over on the floor after several days of voting. and then for a moment it looked like republicans are going to adjourn, and start voting again on monday. but at the last second, or it was out that they suddenly had the votes. and of ....
taking calipari up on his invitation and catching a home game. love that story. i love it. cnn s coverage continues right now. good morning. i m erica hill. we begin with news just in to cnn. the u.s. economy growing in the third quarter and beating expectations. the gdp, a key indicator of economic activity, rising by an annualized rate of .6%, the first period of positive growth this year following two back-to-back quarters of decline. cnn chief business correspondent christine romans with us now. this is a little better than expectations. we were expecting to see a little bump here put it in context for us. this is american consumers, they weren t buying as many couches and tvs. they were dining out, going on trips. you saw how people were spending their money changed a little bit. it was a bounceback from the doldrums of the first half of the year. the big question is it the bump before the slump? the fed has been raising interest rates very, very aggressive ....