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come to you 808 to 14000 and right now, vice president kamala harris is in the critical battleground state of pennsylvania, where minutes from now, she is expected right here to deliver a wide ranging economic mick's speech. her goal to chip away at former president trump's lead on this top issue among voters have seen a national politics correspondent, eva mckend live for us in pittsburgh following the harris campaign pain what she going to say today, eva well, brianna, the goal here is for her to expand on her economic agenda. >> we know in part we are still waiting thank for the details, of course. but that she is going to focus on american manufacturing perhaps no better place that argument. and right here in pittsburgh, in the battleground state of pennsylvania, where it the economic club on the campus of carnegie mellon. we're hearing from senior advisors that this

is going to be a pragmatic speech that she is going to talk about the power in heart want to sing american innovation that she understands the limits of government to again, emphasize her support for public, private partnerships. and to me, this seems to get directly at the criticism from the former president. and some on the right that this former prosecutor from our law enforcement officer, really is somehow a marxist she on that stage today is going to say, i am a capitalist in that really seems to be a message for some of those undecided voters to assuage some of those she's also going to make this character argument we have part of our excerpts from her speech in which he's going to say for donald trump, our economy works best if it works for those who own the big skies great bres, not those who build them or wire them, or mop the floors. and this of course, brianna is not her first economic rollout. we were with her just a few weeks ago in north carolina

when she talked forcefully about going after price gougers and increasing access to affordable housing. so no doubt she has her eye >> the affordability of things always on their minds, eva mckend, thank you for the update. will be watching, jim. >> thanks, brianna, i want to talk more about this with robin. far as odd business journalist and host of npr's full disclosure. hi robin. thanks for doing that. as we appreciate it. kamala harris has given several speeches on the economy. the polls show she still lags behind donald trump on this issue. what do you think is contributing to that? and what more can she put on the bone today, so to speak, in terms of specifics to kind of get those numbers moving in the right direction for her i mean, brianna and john and your correspondents, they all hit it. it's really capital i inflation as i say, the likes of which hasn't really visited this country in more than 40

years. and it is brutally hard to distance yourself from that even though there were so many things that went into it. a once in 100 year pandemic supply chain shocks, greedflation. they're going to put that at the feet of the white house and the incumbent administration has, you know, she's trying to present herself as a change candidate. and so there are only so many levers you can pull. it's not like in venezuela for hugo chavez, there was a call-in show where if you couldn't afford cement, he would instruct people to ship you several bags of cement. it doesn't work that way. we have a gigantic economy. we have a globalized economy and a federal reserve. and she's trying to throw out red meat in the hopes of getting some swing voters to tip the election or way. >> yeah. and eva was just mentioning a few moments ago, harris is set to describe her economic vision as quote pragmatic and sort of being bound by ideology as she's going to go further and talk about how she defined herself as a capitalist that, that is certainly a response to what the former president has been saying out on the campaign trail yeah, to kind of position

her as a marxist meanwhile, the stock market yesterday, the day before hit an all time high. >> the economy is still creating jobs. it's very hard if you're the harris administration really own this economy and go out there and run victory laps with it because of inflation. and because you want to kind of make an overture to some of those disaffected blue collar workers who've been hit so hard, the price of everything from insurance to day care, to housing, rents and real estate costs. so she's walking a really, really tricky title i mean, we did just see robin the fed make a big interest rate cut and from what i am reading, it sounds as though a lot of people out there are going back into the mortgage market trying to get mortgages, refinanced, which candidate stands to benefit most from that? >> in theory, the incumbent that's why you've historically seen the fed not want to cut so close to an election. i mean, we had intervening scenarios in 2008. you remember we were in the throes of a financial

crisis. george george w bush was very unpopular and that helped barak obama. but then he owned the financial crisis going in the first hundred days of 2009 yes, that's a headwind that you really want that this this really does help you, but it's so far been cold comfort for those on the sidelines who cannot possibly afford a home, even if you take a point off the prevailing mortgage market rate, there's still so many americans with a 3% mortgage out there and appreciate it, had homes that are in no mood to give that up to younger buyers and speaking of interest rates trump this afternoon said if he's re-elected, he is going to put a temporary cap of 10% on credit card interest rates. >> can he do that no, the financial services industry, wall street live, you have this isn't the middle east or other places where you could actually cap, use it, where you can have the consumer protection financial people, but the interest rates are set by the market and you can't dictate how banks lend to other people

in banks lend to each other. >> those are led by economic forces and hardwired to the main interest rate that the federal reserve controls. so it makes for great rhetoric and red meat and saying that i will force these jobs are forced these interest rates to come back. but in practice, it doesn't happen all right robin for ziad, thank you very much for your time really appreciate it, brianna preparations are underway as hurricane helene rapidly intensifies on its track toward florida's gulf coast. >> it's expected to make landfall tomorrow night as the strongest hurricane to hit the us in over a year. and this hour we're getting a new perspective. the from the air as hurricane hunters flew through the eye of this huge storm this morning, we are covering this from all angles with the latest forecast and also what is happening on the ground in florida. first though, let's go to meteorologist elisa rafah elisa, what more do we know right now we know it is a category one hurricane that already has rapidly intensified and he can do it again, it's

got winds right now at 80 miles per hour some gusts already upwards of 100 miles per hour, sitting 480 miles south-southwest of tampa bay. >> we've had tropical storm force winds and even hurricane-force winds lashing canned an even have havana all day today because this storm is already so wide and it's going to grow even wider. ocean temperatures has been something that we've been talking about all season. these ocean temperatures are so warm. we're looking at it, intensifying again as it gets to the gulf coast. that's why we're worried about a category three hurricane as it makes landfall somewhere in that big bend of florida, you could see the red those are hurricane warnings in effect but look at the blue, those are tropical storm warnings in effect for the entire peninsula of florida. again, this thing is really wide, so the impacts not just going to be florida, we have tropical storm watches in effect for atlanta at 11 going into the carolinas, because this thing will really keep itself together as it pushes itself born, storm surge forecast has been updated we're now worried about 12 to 18 feet of storm surge around cedar

key, that big bend that is unsurvivable, 18 feet of water again, just incredibly catastrophic. what some of the storm surge can do here, eight to 12 feet around spring hill still five to eight feet in tampa? the wind field will continue to grow pretty large, again, about 400 miles for tropical storm force winds, which is why we're finding impacts for miami to atlanta with the gusty winds. look at the wins, how they stretch as far north as atlanta, gusts up to 70 miles per hour possible. the core of where can make landfall and that big bend area are looking at winds over 110 miles per hour could be incredibly damaging. but again power outages, we widespread will also have a footprint of rain that is pretty huge to its setting in a lot of tropical moisture. so we're looking at heavy rain four to eight inches for a lot of georgia into the carolinas. but look at this pocket right here in appalachian mountains, north georgia, and the carolinas where we could find some totals over a foot in the terrain that

could cause some problems with landslides. we are increasingly worried about that. that's why we have a high risk of excessive rain and flash flooding two days in a row that is the highest warning that the weather prediction center gives for some flash flooding. brianna all right. >> elisa, thank you for that. and cnn's carlos suarez is live for us in st. petersburg. we see people they're getting ready for this. carlos, what's it like on the ground? >> well, brianna, we are in pinellas county in an area that is known to flood. we are at one of two sandbag distribution flights that have opened here in the city of st. petersburg, all in anticipation of helene's expected rainfall as well as the five to eight feet of storm surge as you can see, the work that is well under way out here, the line of cars a stretches around the block. folks line up here and there, able to get there, sandbags and take them to their homes or their businesses all in efforts to try to get all of this expected rain out of their homes and their businesses or

over a dozen counties across the state of florida are under a mandatory event accusation, including right here in pinellas county, over in hillsborough county, just to the east of us. that is home to tampa. that area is also under a mandatory event accusation. folks that live anywhere along the coast, the southwest coast of florida are being told that they need to seek higher ground. a lot of these storm preparations have been underway for last couple of days now, in anticipation of this hurricane, in fact, about three-and-a-half hours north of where we are in perry, florida. folks, there began and a boarding up their homes and their businesses earlier today that part of florida is still recovering from hurricane idalia, which made landfall last year. and then up in leon county in the city of tallahassee, state emergency officials that there are warning folks to please take this storm serious as you all were talking about this ship you're size of it means that no matter where you live in florida, chances are you will be impacted by the storm.

brianna, even if helene manages to stay on the current path at that it is in when it comes to the tampa bay area, even if it stays to the west of here, we're still looking at a storm surge of anywhere between five to eight feet. it's something think that we saw last year during hurricane idalia when we were in this very same neighborhood and over 1,500 homes were flooded. brianna yeah they keep getting hit, carlos. thank you so much. we'll keep an eye out there israel's military chief telling troops to prepare for a possible ground invasion of lebanon as the idf pounds the country with airstrikes and shoots down a hezbollah ballistic missile over tel aviv, plus new cnn reporting revealing internal strains within the secret service as the agency phases of busy campaign season and what its director calls and unprecedented threat environment. and alex jones is infowars platform now set to be split up and sold off to help pay the more than $1 billion

that he owes sandy hook families those stories and much more coming up on cnn news central cnn with more reporters on the ground. >> and the best political team in the business, follow the candidates, follow the voters follow the facts, follow. >> cnn one of my favorite supplements is kunal turmeric. >> turmeric helps with healthy joints and inflammation support and cute all has the number one doctor recommended form of turmeric kunal, the brand i trust exhibit, it's your money.

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cross-border attacks with israel, unleashing three consecutive good of days of strikes against hezbollah in lebanon. cnn's jomana karadsheh joins us live from beirut. jomana give us a sense of how this violence has impacted the people there know, jim, you know, how the lebanese people have gone through. >> so much over the years. this is a country where people would tell you it feels that is a constant cycle of conflict and crises that they go through every few years and people here are absolutely terrified of what might be coming, what they they're seeing happening right now, neither israel nor hezbollah is calling this this is a war, but for many people, this certainly feels like a war. you see the escalation over the past week or so, the walkie-talkie pager attacks the different airstrikes that took place here in beirut. and then you have this wave of intense

israeli aerial bombardment airstrikes targeting mostly southern and eastern lebanon on, and that has i had had a devastating casualty toll for the country with more than 600 people killed. just this week in these strikes, you have thousands of people who are injured. and that is really overwhelmed and already struggling health sector in this country now, we don't know how many of those who are killed are civilians, how many of them are hezbollah fighters? but according to lebanese authorities, many of the casualties this week in that deadly, deadly day on monday, the deadliest day for lebanon in decades were women and children. so what you are seeing right now is people are fleeing, trying to find safety. and this is because they are worried about what they're seeing happen. they've also received warnings from the

israeli military in the south to move out of there towns and villages in and those areas and right now, the lebanese foreign minister says that the number of people who have been displaced is reaching it's approaching five hundred thousand, half 1 million people, jim, that's nearly ten 10% of lebanon's population. and this is a country that has gone through it's economies is, has been on the verge of collapse for a few years. so most certainly is struggling to deal with that crisis. you have people who have nowhere to go, who are moving into war torn syria across the border for the lebanese and syrian citizens who say that they have no idea what they're going to do, but they're just searching for safety and they're crossing the border into syria. >> so you speak to people here. >> they don't know what's coming, but they really fear that what they are seeing

happening right now is only just the beginning alright? >> yeah, very desperate situation getting more so by the day jomana karadsheh live in beirut for us. thank you so much. let me go to cnn, international correspondent jeremy diamond. jeremy, you're in northern israel for us right now. how imminent could this israeli invasion, this ground invasion, be? what are you hearing yet, jim. >> but what is clear is that the israeli military tonight is sending a very strong message to hezbollah and tworld at large to say that the israeli military is preparing for that potential scenario. they still aren't saying that they will carry out this invasion or incursion of lebanon, but they are distinctly raising that possibility after several days during which we have seen the israeli military carrying out these devastating strikes in southern and eastern lebanon. one of the main questions has been whether or not this could

all be a preparation for a potential ground invasion of lebanon. and tonight, the israeli military's top general, the chief of staff general herzi halevi, is saying that those strikes r&d designed to debilitate hezbollah, but they're also designed to prepare the terrain for a potential action of ground troops. >> listen seem conduct can hear the planes here. we are attacking all day to prepare the ground for the possibility of your entry. but but, also to continue striking hezbollah today has been expanded its firing range. and later today they will receive a very strong response. prepare yourselves and tonight the israeli security cabinet is indeed meeting to discuss the potential next steps for the israeli military in lebanon as it acts against hezbollah. >> and so the question will be, will they greenlight? ground offensive and also, how does this all fit into the context

of these diplomatic efforts that we are learning about from the united states, which has clearly pushing to see they can establish some kind of a ceasefire between israel and hezbollah. but one thing is very clear over the last several days we have seen hezbollah firing several hundred rockets into northern israel earlier today, we saw the first ballistic missile fired towards tel aviv. this conflict but it hasn't been the all out barrage of hundreds of rockets being fired simultaneously thousands of rockets a day. that israeli officials had expected and so is clear that israeli officials are not waiting to see what kind of next steps hezbollah will take. they are showing a very clear willingness it's to continue to escalate this conflict even if they are doing so themselves with the potential option of sending ground troops into lebanon, they say it's with the goal of stopping think hezbollah from firing rockets into northern israel to allow for the return

of tens of thousands of displaced is israeli civilians in northern israel hezbollah for its part has said that if the war britain, gaza ends, they will stop firing rockets on northern israel. but this is really government clearly choosing the option, the military option here, of continuing to escalate this the situation, whether or not those diplomatic efforts led by the united states can succeed remains to be seen as this situation is quickly, quickly escalating in a very serious and very deadly way. jim absolutely. >> our jeremy diamond. thank you very much. we appreciate it still to come. a lack of planning and scattered communication, just some of the issues highlighted in a new senate report about the first of two assassination attempts targeting donald trump and officials have long warned about foreign attempts to interfere with us elections in minutes lawmakers will hear for, from top intelligence chief behind closed doors about all of those. stay tuned for that

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to talk about this, cnn senior justice correspondent evan perez and cnn senior white house producer betsy klein evan, this is not a good report, not a good report is some of the details are truly astonishing and we, one of the basic things is that the report found that of all the people who were supposed to be in charge, nobody really is taking the blame or responsibility for the many, many failures. there were the fact that they were visual barriers that could have been put there. there was a there was a discussion of putting up farm equipment or other barriers. sometimes, you know, trump is not a fan of things that look ugly on television, but there could have been some something there. and essentially, nobody made a decision on what to do. there was a no plan to really secure that building. the roof where the shooter actually posted up. there were resources that were denied at on that day. and again, part of this discussion that should have been made given the threats, one of those threats, of course, was the threat might iran to try to

assassinate the former president. it turns out even some of the people who were key to defending the former president there that day to protect him, that they did not know the details of that. and so a lot of decisions that could have been made just were not and that's what you've been talking with current and former agents about some of these issues. what are they telling you? >> what jim one former agent suggested to me that both assassination attempts on president trump really worth symptomatic of a deeper rooted problem with the secret service. and they really underscore the strain on the agency. it's a high-intensity, high-stress workplace in a very serious threat environment. and just talking to our sources, we are talking to current and former former agents. we are getting a picture of an agency really racked with low morale, high burnout staffing, and retention misuse, poor management just to take you through some of those on staffing, the agency, its former director said they need 9,500 employees right now. they have about 8,100 and they are having a really hard time keeping the agents. they do have really retention remains a

really big problem. there's a lot of travel long hours, little balance, and a lot of frustration with managed another issue that consistently come up in my conversation was pay caps. there is a cap on overtime and if you go over that cap, you are not getting paid, you are working without pay. and because of all of those issues together and these staffing shortfalls it's a high stress environment. agents are required to stay in these high stress positions for longer these rolls. and if you just think about what being on high alert like that does to your body. the physical stress of that. it is really contributing to a lot of burnout. >> yeah. and i mean, i remember from working at the white house with you better even those agents they put on a lot of long hours, they vary rededicated. and it's just it's hard to hear the agency going through all of this and speaking of that, evan, i mean, we're also learning a secret service agent has been put on leave over alleged sexual misconduct against a kamala harris staffer or this is just developing today. what can you tell us about? right? well, the secret service is acknowledging that there is someone who has been put on administrative it have leave after after there was received, they received

this this allegation of alleged sexual misconduct against a staffer for the vice president. now, the question is, you know, there's a lot of details that we don't know about this, but they've taken the proactive step here. the office of professional responsibility is investigating this and, you know, until that is cleared the person who is responsible or is being is being investigated will be sort of on administrative leave. we got a statement from the spokesperson for the vice president's office and they say that there's a zero tolerance on sexual misconduct. they take this obviously very, very seriously, but really it adds to some of the picture that we've been seeing. a lot of hits coming to an agency that's beleaguered at this point. and you want to see these things turn, turn around hopefully with the new leadership that can happen, or it absolutely aren't evan perez, betsy klein, they do important work that agency has got to get these things worked out we appreciate it very much. in the meantime, are right now we want to go to the rally, the

speech that oh, kamala harris is delivering right now on the economy in pittsburgh. let's listen in forward to recover from the public health and economic crisis. >> we inherited inflation has dropped faster here than the rest of the developed world employment is near record. >> low levels we have created almost 740,000 manufacturing jobs, including 650 at the batty battery manufacturing plant over in turtle creek we have supported another 15,000 jobs at montgomery locks. so examples of the work that we have achieved thus far. >> and last week for the first

time of course, in four-and-a-half years, the federal reserve cut interest rates, which will make it just a little easier for families to buy a home or a car, or just pay down their credit card bill but let's be clear for all of these positive steps, the cost of living in america is still too high you know it. and i know it and that was true long before the pandemic hit many americans who aspire to own a home are unable to save enough for a down payment on a house and starting to think that may be home ownership is just outside of their reach folks who live in factory town and in rural communities who have lost jobs are wondering if those jobs will ever come back many americans are worried about how they'll afford the prescription medication. they depend on all of this is

happening at a time when many of the biggest corporations continued to make record profits. while wages have not kept up pace i understand the pressures of making ends meet i grew up in a middle-class family and while we were more fortunate than many i still remember my mother sitting at that yellow for micah table late at night cup of tea in hand with the pair of bills in front of her, just trying to make sure that she paid them off by the end of the month like so many americans just trying to make it all work every day millions of americans are sitting around their own kitchen table and facing their own financial pressures because over the past several decades,

our economy has grown better and better for those at the very top and increasingly difficult for those trying to attain build, and hold on to a middle-class life in many ways this is what this election is all about the american people face a choice between two. >> fundamentally very different paths for our economy i intend to chart a new way forward and roll, america's middle-class donald trump intends to take america backward to the failed policies of the past he has no intention to grow our middle middle-class. he's only interested in making life better for himself at people

like himself the wealthiest of americans. you can see it spelled out in his economic agenda and agenda that gives trillions of dollars in tax cuts to billionaires and the biggest corporations while raising taxes on the middleclass by almost $4,000 a year slashing overtime pay throwing tens of millions of americans off of health care and cutting social social security and medicare in some, his agenda would weaken the economy and hurt working people and the middle-class you see for donald trump our economy works best if it works for those who own the big skyscrapers not those who actually build them, not those

who wire them not mop the floor well, i have a very different vision. >> i have a very different vision for our economy i believe we need to grow and are middle-class and make sure our economy works for everyone. for people neighborhood where i grew up and the hardworking americans, i'm meet every day across our nation. >> so i call my vision the opportunity economy and it's about making sure find a job and more and more

because frankly, having a job, i believe in our ambition and aspiration should be baseline and we should aspire and have the ambition and plan to do more i want americans and families to be able to not just get by but be able to get ahead be able to i don't want you to they have to worry about making your monthly rent. if your car breaks down i want you to be able to save up for your child's education to take a nice vacation from time to time i want you to be able to buy christmas presents for your loved ones without feeling anxious. when you're looking at your bank statement i want you to be able to build some wealth not just for yourself,

but also for your children and your grandchildren intergenerational wealth here's the thing, here's the thing, here's the beauty of it all we know how to build an economy like that we do know how to unlock strong shared economic growth for the american people history has shown it time and again, when we invest in those things that strengthen the middle class manufacturing housing health care, education, small businesses and our communities we grow, our economy and catalyze the entire country to succeed i have pledged that

building a strong middle-class will be a defining goal of my presidency and the reason let me tell you the reason is not about politics. >> it's not about ideology from my perspective, it's just common sense common sense actually what works when the middle-class is strong, america is strong and we can build a stronger middle-class the american economy we know this here the american economy is the most powerful force for innovation and wealth creation in human history we just need to move past the failed policies that we have proven

don't work and like generations before us lead us be inspired by what is possible this president i will be grounded in my fundamental values of fairness dignity and to opportunity and i promise you, i will be pragmatic in my approach i will engage in what franklin roosevelt called bold, persistent experimentation because i believe we shouldn't be constrained by ideology. and instead should seek practical solutions to problems realistic assessments of what is working and what is not applying.

metrics to our analysis. applying facts to where analysis and stay focused, then not only on the crises at hand but on are big goals on what's best for america over the long term and part of being pragmatic means taking good ideas from wherever they come. >> listen you know, my career, andrei shared it with you i am a devout public servant i also know the limitations of government i've always been and will always be and be clear about this. >> i've always been and will always be a strong supporter of workers and unions

believe we need to engage those who create most of the jobs in america look i'm a capitalist. i believe in free and fair market and transparent rules of the road to create a stable business environment. and i know the power of american innovation. i've been working with entrepreneurs and business owners my whole career and i believe companies need to play by the rules respect the rights of workers and unions and abide by fair competition and if they don't, i will hold them accountable and if anyone has a question about that, just look at my record as attorney general

california taking on the big banks for predatory lending taking on big healthcare companies for conspiring to jack up prices for-profit college for scamming veterans and students at the same time i believe that most companies are working hard to do the right thing. by their customers and the employees who depend on them. and we must work with them to grow our economy i believe an active partnership between government and the private sector is one of the most effective ways to fully unlock economic opportunity and that is what i will do when i am president i

will target the major barriers to opportunity and remove them. we will identify common sense solutions to help americans bio homes start a business, and build wealth and we will adopt them so let's start then with the first pillar of an opportunity economy, which is lowering costs so i made that our top priority for obvious reasons. because if we want the middle-class to be the growth engine of our economy, we need to restore basic economic security for middle-class families to that end the most practical thing we can do right now is to cut taxes for middle-class families and individuals will do under my plan more than

100 million americans will get a middle-class yes, tax break. >> that includes $6,000 for new parents during the first year of their child's life cover everything from car seats to grips will also cut the cost of child care and eldercare finally, give all working people access to paid leave, which will help everyone caring for children caring for aging parents. and that sandwich generation, which is caring for both experience with caregiving i remember being there for my mother when she was diagnosed with cancer cooking meals for

her taking her to her appointments just trying to make her comfortable figuring out which clothes were soft enough that they wouldn't irritate her and telling our stories to try and make her laugh i know caregiving is about dignity it really is when we lowered the cost and ease the burdens people face we will not only make it easier for them to meet. their obligations as caregivers we will also make it more possible for them to go to work and pursue their economic aspirations. and when that happens, our economy as a whole grows stronger now, middle-class tax cuts are just

the start of my plan we will also go after the biggest drivers of cost for the middle-class and work to bring them down and one of those some would argue one of the biggest is the cost of housing so here's what we will do we will cut the red tape that stops homes for being built and take on. >> in addition, corporate landlords were hiking rental prices builders and developers to construct 3 million new homes and rentals for the middle-class because increasing the housing supply will help drive down the cost of housing we will also help first-time homebuyers just get their foot in the door with the $25,000

down payment assistance the goal is clear, let's help more americans afford to buy a home, which we know is the critical step in their ability to grow their wealth and intergenerational wealth and we will work to reduce other big costs for middle-class families we will take a gone bad actors who exploit emergencies and drive up grocery prices by enacting the first-ever federal ban on corporate price gouging i had the experience of dealing with that when i was attorney general we will take on big pharma and cap the cost of prescription drugs for all americans, just like we did for our seniors

donald trump has no intention of lowering costs for the middle-class in fact, his economic agenda would actually raise prices and listen, that's not just my opinion a survey of top economists by the financial times and the university of chicago found that by an overwhelming 70 to 3% margin my plan would be better for keeping inflation low been very clear the second pillar of an opportunity economy is investing in american innovation and entrepreneurship so for the last century the united states of america has been a beacon around the world and as your vice president now for almost four years, i've been traveling the world, meeting with world leaders, meeting with foreign

leaders, meeting with business people in various countries with which we have partnership. >> and i will tell you so you america remains a beacon for what it means to inspire and invest in innovation not only for our ability to come up with some of the most breakthrough ideas, but also our ability to turn those ideas into some of the most consequential innovations the world has ever known i believe the source of our success is the ingenuity the dynamism and enterprising spirit of the american people to paraphrase nature. >> it's our nature to paraphrase warren buffett since the founding of our nation there has been no incubator for

unleashing human potential. like america and we need to guard that spirit. we have to guard better fire us, let it always be the source of optimism, which is that spirit that is so uniquely american and let that been inspire us by helping us to be inspired to solve the problems that so many face, including our small business owners so as i travel the country, what i hear time and again from those who own small businesses and those who aspire to start them, is that too often an entrepreneur has a great idea not too often that's good. and they have the willingness to take the risk but they don't have access to the capitol that they need to make it real as

andrea said, not everybody was handed on a silver platter, $400 million, and then five bankruptcy six times oh, i said that we can make it easier. we can make it easier for small businesses to access capital on average, it cost about $40,000 to start a new business. >> but currently the tax deduction for startup it's only $5,000. >> so currently for startup costs, the tax deduction is $5,000 well, in 2024, it is almost impossible to start a business on $5,000 which is why as president, i will make the startup deduction ten times richer and we will raise it from 5,000 to $50,000 deduction

no no-interest loans to small businesses that want to expand. all of which will help achieve our ambitious, some would say, but that's ok. let's be ambitious. are ambitious goal of 25 million new small business applications by the end of my first term, i know this is very achievable anyone here who was a small business owner works for a small business or has a small business in your life you understand what i'm talking about in terms of when we build up our small businesses, what that does to entire communities to lift them up economically, civically, culturally and in every way small businesses, the point being helped drive our economy. and they create

create nearly 50 percent of private sector jobs and they strengthen our middle-class. and if we can harness the entrepreneurial listen of the american people and unlock the full potential of aspiring founders and small business owners i am optimistic that no one will be able to outpace us by contrast donald trump, when he was president has been described by one of the nation's leading experts on small businesses in a piece he published in nature paper, as not being good for small businesses. >> in fact, the title, but tidal wave, because i'm very little lead right now one of the leading experts on small businesses publish a piece in one of the major newspapers and the title, i'm going to quote,

does donald trump hate small businesses yes their answer was yes. because at the same time that donald trump was giving a tax cut to big corporations and billionaires he tried to slash programs for small businesses and raised borrowing costs for them instead of making it easier, he actually made it more difficult for them to access capital and that's not surprising because donald trump is not prioritize small businesses. he does not seem to value frankly, the essential role they play but look, when i look at small business owners, i see some of the heroes of our economy. not only entrepreneurs, but as i said civic leaders, community leaders, part of the glue that holds communities together the third pillar of our opportunity

economy is leading the world in the industries of the future and making sure america not china wins the competition for the 21st century recurring themes in american history is that when we make an intentional effort to invest in our industrial strength it leads to extraordinary prosperity and security not only three years, but for generations think of alexander hamilton having the foresight to build the manufacturing capabilities of our new nation think of lincoln and the trans transcontinental railroad think

of eisenhower and the interstate highway system kennedy committing america to win the space race. and spring innovation across our society from our earliest days america's economic strength has been tied to our industrial strength and the same is true today so i will recommit the nation to global leadership in the sectors that will define the next century. >> we will invest in biomanufacturing and aerospace remain dominant in ai and quantum computing blockchain and other emerging technologies expand our lead in clean energy, innovation and manufacturing