Situation where weve got this High Stakes face off between iran and israel. Again, though, i got to add, iran has been careful in the past not to cause massive destruction inside israel because of how that could escalate and devolve into a major allout war. So they could once again try to do something that causes damage without waking all out war. Kim dozier, colonel leighton. Thank you so much for coming on this morning. A new hour of cnn, new central starts right now the Breaking News this morning, Hurricane Debby makes land the fall. This is a storm which could break records for the next week. All right. Who is the pick has Vice President harris made a decision on her Running Mate the latest updates that an announcement that could come at any minute and standing by for the markets to open in the u. S. Futures are down way, way down after a Record Breaking Drop overseas brace yourself seriously kate is out today. Im John Berman with sara sidner. This is Cnn News Central for being deb
Is cnn Breaking News good Morning Everybody you, are live in the cnn newsroom. Im Jim Acosta in washington. We begin on Wall Street just moments ago, the dow opened down more than 1,000 points fueling fears of a recession amid a global market meltdown, they could stop trading on Wall Street for the first time since the pandemic because of all of those already japan and Stock Market suffered. Its biggest one Day Loss ever nosediving 12 . Join me now to talk about this as kpmg chief economist, Diane Swonk Dianne phillipson, why do you think this is happening right now . I mean, a lot of this i guess is a reaction to the fed im not cutting Interest Rates. A lot of impatience with that, but this sounds, it looks a bit more serious than that. Whats going on well, uncertainty is our worst Enemy And Panic is the ultimate uncertainty out there. And thats what were seeing. The fed did discuss a Rate Cut last week when they met after that July Employment report came out. My guess is theyre feeli
The cnn newsroom. Im Jim Acosta in washington. We are following three major stories this hour around the world, Stock Markets are tumbling as investors confront a sobering concern is the u. S. Economy is suddenly slowing much faster than expected. Plus we in the final hours of the socalled veepstakes, who will Kamala Harris choose . As her Running Mate . The list of contenders were told has been narrowed down to three with an online announcement possibly coming at any moment and an alarming spike in tensions since in the middle East Israel is bracing for new strikes from iran and its Fox News a few hours from now, President Biden will convene his national Security Team at the White House amid growing fears that the region is racing toward a wider conflict. We do start though on Wall Street where stocks opened down more than 1,000 points this morning following Fridays Desert jobs report, the fears of a slowing us economy of sent shockwaves through global markets and stoke fears of a rec
Let you choose what i pay sling lets you do that i wish my Tv Provider let me choose what i pay for it. Let me pause lots of scripture when i was flying, what do you do that wish, Tv But Honor let me choose what i pay for and let me pause Muscle Question went i want through the channels to do choosing, customize your Channel Lineup will watch for free, sling, let you do that. Im dr. Sanjay gupta in atlanta. And this cnn with the Middle East on the brink of what could be a wider war. President biden huddled with his national Security Team and whats expected to be minutes from now, likely discussing the scenarios if iran retaliates against israel for the killing of a Hamas Leader and how to keep the crisis from spiraling out of control. And were waiting to learn who will join Vice President harris on the democratic ticket. She is making one of the most critical decisions of her campaign. And that announcement could come at any time and tropical Storm Debby is bringing floods and catastro
Are plunging as investors worry, the u. S could be heading toward a recession in the middle east. Israel is preparing for a retaliatory strike from iran or hezbollah, or maybe both there is a lot of fear that, that could come within hours. Here look at washington. We are tracking whos coming and whos going at Vice President harriss residents, her choice for the number two spot on her ticket could come at any moment. We are going to start though, with the markets. Cnn richard, cnns Richard Quest is here to break it all down and try to explain to our viewers to me why this is happening. Explain the selloff. There the fundamental reason for the selloff is the fears that the feds high Interest Rates, 11 increases in two years has basically clobbered inflation and its also hobbled the general economy. We saw that on friday with the unemployment and the Job Creation numbers, they were poor or bad, not dreadful, poor, too bad. But now everybody is starting to say the feds left it too late to