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CNN 5 Things

12 PM ET: Harris’ balancing act, Americans spending big, Matthew Perry arrests & more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 15 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Vice President Kamala Harris is navigating how to campaign on President Joe Biden’s unpopular economic record, as the two hold a rally today. Retail sales are up, as people spend more than economists predicted. High stake talks for a ceasefire and hostage release deal come as Gaza's death toll hits a grim milestone. Ukrainian military leaders are celebrating wins in Russian territory, but people living near the border have mixed feelings. And, authorities have arrested multiple people in connection with the death of "Friends" star Matthew Perry. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there from CNN, I'm Chris Debeau with the five things you need to know for

0:05.0

Thursday, August 15th. Vice President Kamala Harris is set to appear with

0:09.8

President Joe Biden today on the campaign trail for the first time since he dropped out and she may need to do some delicate footwork

0:16.5

The event in Maryland is supposed to highlight the administration's efforts to lower prescription drug costs for American families.

0:23.6

But this joint appearance is also an early preview of how she plans to navigate

0:27.9

Biden's unpopular economic record.

0:30.5

Harris AIDS tells CNN they don't expect her to carry the banner of

0:33.7

biodynamics even though their vision for the economy is very similar.

0:37.4

Advisors say the difference will be an emphasis.

0:40.0

For example, she plans to hone in on price gouging during her big economic policy speech tomorrow in North Carolina, calling for a federal ban on the practice.

0:49.0

She's expected to also lay out plans for housing and drug prices. Economic policies are sure to be topics of the first

0:55.2

VP debate, which is now officially set for October 1st on CBS between GOP candidate

1:00.7

J.D. Vance and his Democratic counterpart, Tim Walls.

1:04.0

Q the hayb expender music.

1:07.0

Retail sales are suddenly increasing in the latest show of the U.S. economy's strength.

1:11.0

The Commerce Department reports sales at U.S. retailers rose by a solid 1% in July compared

1:17.4

to the month before, when economists expected a gain of only 0.3%. Amid a slowing job market, high interest rates, and lingering

1:25.5

inflation, consumers are resilient and still spending money on things like

1:29.2

cars, electronics, and grocery stores.

1:31.3

CNN's Julia Chatterley explains how this trend fits with how Walmart, the biggest

1:36.1

retailer in the US is doing compared to places like Starbucks and McDonald's.

1:40.6

So a 22% rise in US digital sales, their store sales were up 4.2%.

...

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